Chainlink launches the bond reserve to the growth of the fuel network


Chainlink has launched a new chain reserve, called Chainlink Reserve, designed to channel business demand in its native link token, the company announced Thursday.

The reservation accumulates the link using the income of both rates paid by the large institutions for the Chainlink services and the use rates in the chain of decentralized applications, said the company in a press release, which added that the reservation is designed to support the growth and sustainability of the Chainlink network.

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Chainlink uses what calls payment abstraction to allow users to pay to tokens such as ETH or USDC., Instead of requiring all payments to be made on link.

These payments automatically become a link through Chainlink services and decentralized exchanges. The new reserve is completely built from these converted payments and is intended to finance long -term growth and help ensure the network, according to the press release shared with Coindesk.

The reservation already has more than $ 1 million in link. Chainlink said he does not expect any retirement from the reservation for “several years”, and the balance is expected to grow as more business income is directed in the chain.

“The launch of the Chainlink reserve marks a fundamental evolution in Chainlink, establishing a strategic link reserve financed with the income outside the chain, as well as the use of the service in the chain,” said Chainlink co -founder Sergey Nazarov in a statement. “The demand for the Chainlink standard has already created hundreds of millions of dollars in income, substantially of large companies.”

Large companies that have been using Chainlink infrastructure include Mastercard, which were associated with the company to allow card holders to buy crypt in the chain, and JPMorgan, whose Kinexys digital payment platform is linked to the ONDO chain using Chainlink technology.

Chainlink has also published a board to track the balance of the reserve in Reerve.chain.link, along with the reserve contract in Eserscan.



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