Chainlink has launched its payment abstraction feature, enabling network fees to be transformed into LINK.

Chainlink’s Payment Abstraction streamlines user payments by automatically converting tokens to LINK, which minimizes obstacles and enhances efficiency. Aave’s collaboration with SVR and Payment Abstraction facilitates MEV value sharing and establishes a foundation for future LINK staking rewards. The Chainlink Network has officially launched Payment Abstraction on the mainnet to resolve service payment challenges. The concept is straightforward: allow users to use any tokens they possess and automatically convert them into LINK, the native token of the Chainlink ecosystem. This innovation introduces automation, ease, and reduced complications to a system that was unnecessarily intricate before. We are thrilled to share that Chainlink Payment Abstraction is now active on the mainnet, allowing user fees to be transformed into LINK. The network fees produced from Chainlink SVR, including its application by @aave, will now be converted to LINK. — Chainlink (@chainlink) March 31, 2025. The underlying technology is operational with its primary application: Chainlink Smart Value Recapture (SVR), which was recently launched in collaboration with Aave. SVR focuses on seizing a portion of the significant Maximal Extractable Value (MEV) produced when decentralized finance (DeFi) platforms utilize Chainlink Data Feeds. Instead of allowing that value to be lost to external entities, a share is now reclaimed and divided between Aave and the Chainlink Network. Aave began this initiative by incorporating SVR into its V3 rollout on the Ethereum Mainnet. In the initial six months, Aave receives a substantial 65% of the SVR fees, and Chainlink obtains the leftover 35%.