Plasma Joins SmartCon as Platinum Sponsor for NYC Event

**Chainlink Reserve Growth Continues** The Chainlink Reserve added **63,481.88 LINK tokens** on October 23, bringing its total holdings to **586,640.66 LINK**. **Key Details:** - Weekly accumulation increased from 59,968 LINK (Oct 16) to 63,481 LINK - Total reserve grew by over 63,000 tokens in one week - Reserve funded through both enterprise partnerships and network usage fees **Purpose & Function:** The reserve supports Chainlink's long-term network sustainability by: - Accumulating LINK from offchain enterprise revenue - Collecting onchain service usage fees - Providing financial backing for network growth This steady accumulation demonstrates consistent revenue generation from Chainlink's oracle services across enterprise and DeFi sectors. [View current metrics](http://metrics.chain.link/reserve) | [Learn more about the reserve](https://blog.chain.link/chainlink-reserve-strategic-link-reserve)

At the Federal Reserve Payments Innovation Conference, Chainlink's Sergey Nazarov demonstrated how **Secure Mint** technology prevents overminting through automated reserve verification. **Key Features:** - Real-time automated reserve checks - Programmatic prevention of overminting cases - Data-driven proof that reserves exist - Verification for stablecoins, tokens, and tokenized real-world assets The technology provides transparency by ensuring total assets exceed liabilities and offers visibility into specific reserve compositions. Major adopters include 21Shares, Coinbase, and OpenEden, using Chainlink Proof of Reserve to secure billions in value. [Watch the full Federal Reserve discussion](https://www.youtube.com/watch?v=PPTIYk0dnXA)

**Lido Finance has launched direct staking on Linea**, a layer-2 network with $1.9 billion in TVL, powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP). **Key Features:** - Users can now stake ETH and receive wstETH directly on Linea in a single transaction - Eliminates the previous multi-step process of bridging to mainnet, staking, then bridging back - No manual bridging, waiting periods, or centralized intermediaries required **Two Staking Options:** 1. **On-Demand Staking** - ETH sent cross-chain to mainnet, staked via Lido, wstETH returned to Linea wallet 2. **Liquidity Pool-Based Staking** - Instant wstETH from Linea pool, with Chainlink Data Feeds pricing verification **Technical Infrastructure:** - Powered by Chainlink CCIP's Programmable Token Transfers - Level-5 cross-chain security with Risk Management Network protection - Operates within Linea's zkEVM environment for lower costs and faster transactions This expansion represents another step toward **unified, multi-chain liquid staking** across the Ethereum ecosystem, offering users seamless yield access without leaving the Linea network. [Learn more about Direct Staking on Linea](https://blog.lido.fi/direct-staking-on-linea-powered-by-chainlink)

**Uranium Digital**, a 24/7 uranium trading platform, is integrating **Chainlink Proof of Reserve** to enhance transparency of its tokenized uranium assets. **Key Benefits:** - Independent verification of underlying uranium assets - Real-time onchain accessibility and transparency - Eliminates trust-based verification systems This integration follows a growing trend of platforms adopting Proof of Reserve technology. Recently, decentralized reinsurance protocol Re integrated the same solution across multiple networks including Arbitrum, Avalanche, Base, and Ethereum. **Why This Matters:** Proof of Reserve provides near real-time onchain verification, ensuring that tokenized assets are fully backed by their underlying physical counterparts. This addresses a critical trust issue in tokenized commodity markets. The move represents another step toward greater transparency in tokenized real-world assets, allowing users to verify reserves independently rather than relying on platform assurances.