Chainlink Just Dropped Payment Abstraction on Mainnet – LINK Fee Conversion is Live!

This feature basically means that fees paid to use Chainlink services can now be automatically converted into LINK. This includes stuff like Chainlink’s Subscription Verifiable Randomness (SVR) that is used by a lot of protocols including Aave.

This feels like a sneaky big move that will fly under the radar for most of people but it could seriously boost LINK demand over time translating into more usage = more fees = more LINK being bought, burned or held by node operators depending how it is structured.

This feature it also makes Chainlink services smoother to use making dApps dont have to worry about holding LINK directly to pay for stuff, Chainlink directly handles the conversion and this is huge for adoption.

For those loving tech and enjoying it you can read the whole feature documentation here https://blog.chain.link/payment-abstraction-svr-fee-conversion/

Chainlink is definitely one of those strong projects that keep working in the shadows without making a lot of noise but really providing real use of cases and utilities that improves Ethereum ecosystem a lot. A safe bet if I am honest.

Source:

• Tweet: https://x.com/chainlink/status/1906678098688430270
• Full Chainlink blog: https://blog.chain.link/payment-abstraction-svr-fee-conversion/