Chainlink has just launched Chainlink Reserve, a strategic reserve fund for LINK to support the long-term and sustainable development of the Chainlink network. This fund is formed from on-chain and off-chain revenue, 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, and it will not withdraw funds for many years to support long-term growth.
#PI # ETH #BTC
LINK-3.58%
CHO59.86%
ETH-2.87%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)