We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens.
https://t.co/Fgib8zR9uj
The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage.
The Chainlink Reserve is being built up by using Payment Abstraction to convert offchain and onchain revenue into LINK, using a combination of Chainlink services and decentralized exchange infrastructure.
Demand for Chainlink has already created hundreds of millions of dollars in revenue, substantially from large enterprises that have paid offchain for access to the Chainlink Platform.
With increasing demand from a number of the world’s largest banking and capital markets institutions, this form of paying for the Chainlink standard is expected to grow into the future as the industry grows.
The Reserve has already accumulated over $1M worth of LINK from this early stage launch phase, which is expected to gradually grow in the coming months as more revenue is converted into LINK and placed into the Reserve.
We do not expect any withdrawals from the Reserve for multiple years and thus it is expected to grow over time. We believe that as the industry demand for Chainlink’s unique capabilities increases, that adoption of Chainlink services will enable the Reserve to grow further.
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@Fath3r_X@geodnet - Precision agriculture/landscaping: Farmers on the east end + abundant landscaping small businesses
- Geographic Information Systems, emergency services: Stony Brook University (top public universities in science and research), Stony Brook Hospital (level 1 trauma center)
@DefiDrew 2/2 ... allowing bnlink pairs
this could be especially useful to marines that have already taken a hit and may want to regain some losses by allowing them access to bnlink/link pools for when ILP is turned back on
@DefiDrew 1.5/2
Possible avenue on the 54% stack available with ILP still paused
- have a percent withdrawal (25,50%etc)/ cancel withdrawal button similar to when depositing.
a) allows access to xx percent of stack within 54% currently available giving access to some funds if needed
@DefiDrew 1/2 while awaiting solution (hoping people can expand on this and pardon if thought is not technically sound as I lack deep technical knowledge)
Unfortunately migration to v3 combined individual deposits into 1 large deposit (I liked multiple deposits like in v2.1)