Optimism DAO Token Buyback Proposal Sparks Division, Voting Set to Conclude on January 28

Odaily News Optimism DAO began voting on a landmark proposal on January 23, which suggests using 50% of the Optimism Superchain network's revenue for monthly buybacks of the OP governance token. However, this proposal has sparked controversy within the community. Supporters like Milo Bowman believe the buyback plan can boost the token price and demonstrate growth potential; while opponents like GFX Labs are concerned that conducting buybacks over-the-counter (OTC) lacks market transparency and could impact the project's financial sustainability. Currently, delegates have cast over 3.8 million votes in favor of the proposal, with only about 19,000 votes against. The voting will continue until January 28. (DL News)