On January 30th, the Optimism Blockchain Governance Committee officially approved a proposal to allocate 50% of all Superchain revenue for the next 12 months to repurchase OP tokens, with the repurchase program set to begin in February. The proposal was initially submitted by the Optimism Foundation on January 8th, aiming to enhance the utility of the OP token and closely tie its value to the success of Superchain. Voting results from the governance community showed 33.27% in favor, 3.23% against, and 3.95% abstaining, and the proposal was successfully passed. Superchain consists of multiple Layer 2 chains based on the open-source Optimism technology stack, including Soneium, Unichain, Ink, and Base. It generates Ethereum (ETH) revenue through sequencer income contributed by these L2 chains. As part of the buyback plan, Optimism will collaborate with over-the-counter trading service providers to convert ETH into OP tokens monthly and deposit them into the treasury. Based on last year's Superchain revenue estimates, the plan is expected to utilize approximately 2,700 ETH, equivalent to about $8 million, for OP repurchases.