chainlink's reserve program converting protocol revenue to direct buybacks changes everything about link tokenomics:
1. every oracle fee becomes automatic buy pressure.
2. ice's $11t derivatives market pays link directly for data feeds. (that's $340m annual revenue converting to buybacks.)
3. shorts funding the buyback program.
4. token becomes deflationary.
reserve activation in q1 means 68% market dominance oracle becomes a buyback machine (!) price discovery happens fast.