veldhuus.eth 🛸 @veldhuuus - Twitter Profile

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. 🧵👇

372

7K

1K

498

5M

veldhuuus retweeted

Chainlink @chainlink

about 1 year ago

TODAY: The White House has featured oracles as a key technology in its new Digital Asset Report, highlighting how Chainlink is critical infrastructure for powering stablecoins, tokenized funds, & the onchain economy. https://t.co/EaEchQ33UD We and our entire industry are immensely grateful to President Trump (@realDonaldTrump), @SecScottBessent, @DavidSacks, @BoHines, and the President‘s Working Group on Digital Asset Markets for their leadership in advancing bipartisan digital asset innovation in the United States. The Trump Administration's thoughtful approach to our industry’s adoption and growth has created a new era for both our industry and the United States financial future. The @WhiteHouse report outlines the U.S. government’s approach to digital assets, proposing a clear regulatory framework for their issuance by addressing market structure, oversight, and consumer protection. This landmark policy initiative underscores a growing global consensus that oracle infrastructure is critical for secure, interoperable, and compliance-ready digital assets, which are key for the blockchain industry to reach its full potential. In addition to the Chainlink team’s many ongoing meetings in D.C., this report clearly affirms the significant policy momentum Chainlink has strategically worked to support for years, both in D.C. and globally. In a single platform, Chainlink enables governments, financial institutions, and Web3 developers to overcome the three most critical challenges in deploying institutional-grade blockchain applications in a regulated environment: 1. Delivering verifiable data onchain enables the creation of hyper-reliable government and institutional-grade blockchain applications by ensuring the accuracy, integrity, and transparency of critical data. 2. Connecting public chains, private chains, and legacy systems into a unified network unlocks next-generation financial markets and streamlines digital asset operations. 3. Enabling regulatory requirements and policy controls to be embedded directly into smart contracts allows for programmatic compliance with regulations, such as KYC/AML, jurisdictional restrictions, and transaction limits, all while preserving user privacy. By establishing the foundational standards needed for secure and compliant digital asset infrastructure, Chainlink is accelerating digital asset adoption in America and powering the future of U.S. financial leadership.