Chainlink has just launched Chainlink Reserve, a strategic LINK reserve fund to support the long-term and sustainable development of the Chainlink network. This fund is formed from on-chain and off-chain revenues, including payments from businesses using Chainlink services.

The Payment Abstraction mechanism allows users to pay with stablecoins or ETH, and these payments will be automatically converted to LINK. The reserve fund has currently accumulated over 1 million USD worth of LINK. The goal of the fund is to ensure the development and security of the network, while not withdrawing funds for many years to support long-term growth.