Sergey Nazarov Explains Payment Abstraction's Role in Chainlink Reserve
Sergey Nazarov Explains Payment Abstraction's Role in Chainlink Reserve
💰 Sergey reveals reserve secrets
Chainlink founder Sergey Nazarov detailed how Payment Abstraction technology powers the Chainlink Reserve.
Payment Abstraction allows users to pay for services in their preferred currency - either onchain crypto or offchain fiat. These payments are then automatically converted to LINK tokens through decentralized exchanges.
Key mechanics:
- Revenue from both offchain deals and onchain services flows into the system
- Payment Abstraction programmatically converts all revenue streams to LINK
- Converted LINK tokens fund the strategic onchain reserve
This creates a unified revenue collection system that strengthens Chainlink's economic model. The reserve represents institutional adoption bridging traditional finance with blockchain infrastructure.
The Payment Abstraction system launched earlier this year as part of Chainlink's broader economic initiatives, alongside Smart Value Recapture (SVR) which has processed over $32M in liquidations.
Offchain revenue 🤝 Chainlink Reserve 🤝 Onchain revenue Institutional adoption → Offchain deal revenue → Chainlink Reserve
Chainlink Smart Value Recapture (SVR) has officially recaptured over $1.1M in non-toxic liquidation MEV and processed over $32M in liquidations. SVR is a novel oracle solution that enables DeFi protocols like @aave to recapture oracle-related MEV from liquidations that would
Revenue → Payment Abstraction → LINK → Reserve @SergeyNazarov on how Payment Abstraction powers the Chainlink Reserve ↓
Chainlink had a number of successful economic product launches this year: 💱 Payment Abstraction 🏦 Chainlink Reserve 🪙 Chainlink Rewards: Season Genesis 🔁 Chainlink Smart Value Recapture (SVR) What these milestones mean for the broader Chainlink ecosystem 🧵↓
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