Chainlink’s new strategic LINK reserve fund, initiated at $1 million and leveraging Payment Abstraction for enabling cross-chain payments, is designed to bolster network security, long-term growth, and sustainability amid rising LINK prices.
Chainlink announced the creation of a strategic LINK reserve fund to support long-term network growth and sustainability. The fund, initiated with a $1 million LINK purchase, will be funded by on-chain service fees and off-chain enterprise revenue and uses Payment Abstraction to enable cross-chain payments. Co-founder Sergey Nazarov emphasized the reserve’s role in enhancing network security as LINK trades above $18, up over 10% from the previous day.