The Optimism Foundation has proposed a new rebate mechanism for partners on the OP Mainnet, an Ethereum layer-2 network. This mechanism would pay rebates in Ether (ETH) based on sequencer and priority fee revenue, capped at fees attributable to each partner's activity. Partners must meet specific activity milestones within fixed-term agreements. Remaining revenue after rebates will be used for OP token buybacks, which have already purchased over 9.4 million OP. If approved, this system will be reflected in the Foundation's annual budget report without disclosing partner details.
The Optimism Foundation's proposal for Ether rebates on OP Mainnet partners provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 30, 2026 03:41 WIB: out of 50 major cryptocurrencies, 5 rose and 44 fell. Notable movers include SXP (Solar) down 46.27% at Rp37, BAL (Balancer) up 11.14% at Rp16.297, and VET (VeChain) down 9.97% at Rp106 with a 62% sell order activity. The most notable figure is the steep decline of SXP by 46.27%.
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