The LINK token has risen by 15% over the past day in light of the announcement of Chainlink Reserve — a strategic reserve to support the long-term development of the network.
The "digital reserves" will be replenished from project revenues, both from large corporate clients and from network fees. At the time of launch, LINK worth over $1 million is already allocated in it.
A key element of the new system is the Payment Abstraction mechanism. It allows Chainlink services to be paid in a convenient currency, including stablecoins. The received funds are automatically converted into LINK through decentralized exchanges and directed to the reserve.
This approach simplifies working with the network for large companies and creates a constant demand for the token.
Chainlink stated that they do not plan to withdraw funds from the reserve for several years, expecting its gradual growth. To track the assets, the team has launched a special monitoring dashboard.