The Optimism token buyback proposal has entered the voting stage, and DAO representatives have differing opinions on it.

PANews reported on January 23 that, according to DL News, a proposal requiring the Optimism Foundation to use 50% of its Superchain network revenue each month to buy back OP governance tokens opened for voting on Thursday. The DAO community is divided on this issue. Opponents argue that using hard assets for buybacks is an inefficient use of capital, given that the foundation still needs to net sell OP through grants and other means. Another major point of contention is that the buybacks will be executed through over-the-counter (OTC) transactions, which will not directly affect the open market price, and some representatives worry that it could become an exit channel for insiders to unlock tokens. Supporters, on the other hand, believe that the buyback mechanism clearly transmits the value of network growth to the market and is the "right direction."

As of now, the vote has shown overwhelming support, with over 3.8 million votes in favor and approximately 19,000 votes against. Voting will conclude on January 28th.