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 ↓
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 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.
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.
.@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. 🧵⬇️
961
75.75K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.