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Chainlink Payment Abstraction Goes Live: Network Fees Now Convert to LINK

  • Chainlink Payment Abstraction is now live on the mainnet, allowing users to pay with any tokens and automatically convert them to LINK.
  • Aave integrated Smart Value Recapture (SVR) with Payment Abstraction, enabling MEV value sharing and future LINK staking rewards.
  • The Payment Abstraction system simplifies the process of claiming rewards for Chainlink node operators by consolidating them on the Ethereum chain.
  • Once SVR fees are secured by Chainlink Staking, a portion of the LINK rewards will be distributed to node operators and the community.

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