Chainlink LINK Reserve Launches to Accelerate Network Expansion
Chainlink has unveiled an on-chain reserve mechanism designed to direct enterprise demand toward its native LINK token. The reserve accumulates LINK through institutional service fees and decentralized application usage, aiming to enhance network sustainability.
Payment Abstraction enables users to transact in assets like ETH or USDC, with automatic conversions to LINK via decentralized exchanges. Over $1 million in LINK has already been deposited, with no planned withdrawals for several years as the reserve grows alongside increasing adoption.
"This marks a pivotal evolution in Chainlink's economic model," stated co-founder Sergey Nazarov. The initiative strategically aligns off-chain revenue with on-chain utility to drive long-term ecosystem growth.
