Chainlink
Chainlink
LINK+0.32%
ETH+0.17%
AAVE+5.25%
Chainlink had three major economic product launches recently: 🪙Chainlink Rewards: Season Genesis launched 🔒Smart Value Recapture (SVR) went live with @aave ↔️Payment Abstraction released on mainnet Let’s break down what these mean for the growth of the Chainlink Network ↓
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Chainlink Rewards launched with Season Genesis, where @SpaceandTimeDB made 100M SXT tokens (2% of supply) available for claiming by eligible LINK stakers. An additional 100M SXT is planned to be made available in the future of Chainlink Rewards.
Chainlink
Chainlink
Chainlink Rewards: Season Genesis is now live in collaboration with @SpaceandTimeDB. Ecosystem participants, including eligible LINK Stakers, can now claim their portion of the 100M SXT made available in Season Genesis. Claims are open for 90 days.
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SVR enables DeFi apps to generate new revenue streams while also supporting the economic sustainability of Chainlink oracles. SVR was adopted by Aave for an initial set of markets on its V3 Ethereum deployment, with plans to expand to more asset markets.
Chainlink
Chainlink
.@aave has officially integrated Chainlink SVR in a near-unanimous vote to recapture liquidation MEV, starting with an initial set of markets. As the largest DeFi lending protocol, Aave is establishing a new standard in cryptoeconomics with SVR. 🧵⬇️
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3. Chainlink Payment Abstraction officially went live on mainnet, which enables user fees to be converted into LINK and paid to service providers. Network fees generated from Chainlink SVR—including @aave's usage of SVR—will now be converted to LINK.
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