The Optimism Foundation has made major changes to the dynamics of the Layer 2 OP token, proposing to allocate 50% of Superchain revenues to regular asset redemptions.

Optimism Grants board member Michael Vander Meiden common proposal via X on Thursday, emphasizing that “after many years of being a ‘useless government token,’ the value of the OP token will finally be tied to network activity.”

In the beginning there was a proposal complicated on Wednesday at the Optimism management forum. It outlines a plan to direct 50% of incoming Superchain revenues into monthly Optimism (OP) redemptions, which will return to the token vault.

“These tokens can then be burned or distributed as staking rewards as the platform evolves. Management will retain oversight of the parameters controlling redemption and token vault,” the Optimism Foundation said.

Optimism wants to augment the utility of PO beyond management

The move is part of a push to expand the utility of POs beyond primarily management to something that is “closely tied to Superchain development” and could provide a significant boost to PO holders and ecosystem creators.

“As Superchain evolves, the token may adopt additional functionality tailored to the long-term decentralization and resilience of the network, including roles in securing shared infrastructure, coordinating sequencer rotation, and enabling collective management of core protocol functions,” the Optimism Foundation said.

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The proposal highlights the importance of relativizing the OP to reflect the development of optimism from an “experiment” in scaling Ethereum to an ecosystem supporting a significant portion of total Layer 2 activity.

“Superchain has captured 61.4% of the L2 fee market share and processes 13% of all cryptocurrency transactions, and this share continues to grow. OP Token should be aligned with this dynamic and growth,” the team stated.

Optimism’s superchain was launched in February 2023 and consists of a Layer 2 (L2) chain network built using an open-source OP stack. The ecosystem includes networks such as Unichain, Ink, and Coinbase’s L2 Base.

The OP token had a arduous 2025 due to its price withering by almost 83%. The price has yet to recover this week following news of the proposal.

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