The Chainlink team announced the launch of a new on-chain solution — Chainlink Reserve, which will serve as a strategic reserve of tokens $LINK . This reserve is formed automatically thanks to the Payment Abstraction infrastructure, which allows converting revenues from various sources — both on-chain services and business projects — directly into LINK.
How it works:
- Payment Abstraction supports payments in various formats — from gas tokens to stablecoins.
- All payments are automatically exchanged for LINK through Chainlink services and the liquidity of decentralized exchanges such as Uniswap V3.
Current state of the reserve:
- The reserve has already accumulated over $1 million in LINK.
- Chainlink does not plan to use these funds in the near future, expecting gradual growth in volume due to regular revenue conversion.
Transparency and market reaction:
- A special analytical dashboard has been created for open monitoring, accessible to the community.
- Against the backdrop of the news, the LINK token demonstrated positive dynamics — its price rose above $19.3.
