4 Polls Closing January 28, 2026
Proposal to Align OP Token with Superchain Success
Summary: This proposal asks OP holders if they support initiating a 12-month program to spend 50% of Superchain revenues on OP token buybacks. Buybacks would be conducted by an OTC provider.
Recommendation: Vote Against. Optimism is reliant upon OP token sales and emissions for ongoing financing. This includes spending by both Foundation and governance. It does not at this time make sense to conduct a buyback of the same tokens Optimism is a net seller of.
Additionally, there has been no defensible objection by Foundation to why these buybacks – if buybacks are indeed necessary – cannot be conducted without the need of an OTC desk. It is difficult to understand when existing routers on Optimism that include both DEX and offchain execution can be easily and freely accessed.
Example ETH-OP transaction on Oku.
Realistically, 50% revenue buybacks would amount to around $500k per month. Especially if TWAP’d, this is simple to accomplish without utilizing opaque OTC providers and excluding DEXs. It also sends a terrible message that Optimism Foundation feels it cannot buy its own token on its own chain. OTC use is simply unacceptable even if a buyback were warranted.
Season 9 Governance Fund Mission: Grants Council
Summary: This poll asks OP holders if they support providing 3,890,000 OP grants budget to the Grants Council for Season 9.
NB: This is an optimistic vote, and no action is needed to signal support.
Recommendation: No Action (Support). This is a significant reduction, which is unfortunate. However, voting against this proposal would effectively create a budget of 0 OP.
Season 9 Governance Fund Mission: Developer Advisory Board
Summary: This poll asks OP holders if they support providing 980,000 OP grants budget to the Grants Council for Season 9.
NB: This is an optimistic vote, and no action is needed to signal support.
Recommendation: No Action (Support). This is a similar budget to last season.
DAO Operating Budget Midpoint Adjustment
Summary: This poll asks OP holders if they support a 2,300,000 adjustment to the DAO Operating Budget.
Recommendation: Vote For. OP token price is significantly lower than when the initial budget was passed. This adjustment is based on the Budget Board’s ETH-OP TWAP valuation formula.