Optimism Foundation Proposes Refunding OP Mainnet Sequencer Fees to Key Partners

BlockBeats news, October 29: The Optimism Foundation submitted a proposal on the governance forum requesting authorization to rebate sequencer fees generated from activity brought to OP Mainnet by certain key market expansion partners. The rebates are to be paid in ETH fee revenue rather than OP tokens. The Foundation states that this measure can provide performance incentives without increasing circulating OP, and the buyback experiment will be calculated based on net revenue after deducting rebates.

The proposal requires that rebates must achieve activity milestones, have a fixed term, and be used selectively only when the overall terms are favorable to Optimism. The Foundation plans to disclose in the annual collective budget report the ratio of total rebates to sequencer and priority fee revenue within a fixed percentage range.

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