Chainlink Mainnet Upgrade: Payment Abstraction Enables Fees in LINK

Chainlink launches Payment Abstraction on mainnet, enabling service fees to be seamlessly converted into LINK. Aave integrates Chainlink SVR to reclaim MEV from liquidations, sharing revenue 65% with Aave and 35% with Chainlink. Chainlink has launched Payment Abstraction on mainnet, enabling service fees to be automatically converted into LINK. This upgrade supports a new revenue-sharing model through Smart Value Recapture (SVR). Aave is the first DeFi protocol to integrate SVR, reclaiming value from liquidations. Chainlink aims to expand support and enhance its staking and payment systems. Chainlink Payment Abstraction Launches on Mainnet Chainlink announced that Payment Abstraction is now live, enabling users to pay for services using various assets. These payments are converted into LINK through a process involving Chainlink Automation, Price Feeds, CCIP, and decentralized exchanges. We’re excited to announce Chainlink Payment Abstraction is officially live on mainnet, enabling user fees to be converted into LINK. Network fees generated from Chainlink SVR—including @aave’s usage of SVR—will now be converted to LINK. https://t.co/ZXkRSqJ9c6 — Chainlink (@chainlink) March 31, 2025 According to Chainlink, this system reduces payment friction and simplifies the user experience across its network. It uses LINK as a universal token for payments and staking. The first implementation of Payment Abstraction focuses on converting fees generated from Smart Value Recapture (SVR). This Oracle-based system allows DeFi protocols to recover Oracle Extractable Value (OEV), a type of MEV previously lost to block builders. Chainlink confirmed that its portion of these fees will be used to reward node operators, later transitioning to LINK stakers once SVR services are secured by Chainlink Staking. Node rewards from over 40 chains are also set to be consolidated into a single blockchain, starting with CCIP. Chainlink plans to increase gas efficiency and cross-chain compatibility through future updates. Feedback from protocol users and developments like Account Abstraction helped shape this feature. Aave Integrates Chainlink SVR to Capture MEV Aave has integrated Chainlink’s SVR on the Ethereum mainnet to recover liquidation-related MEV. The feature was developed with support from BGD Labs, Aave Chan Initiative, and Flashbots. Aave’s on-chain vote approved the integration, targeting previously unrecoverable MEV tied to oracle services. SVR’s architecture is based on Chainlink’s existing decentralized infrastructure, which has supported Price Feeds for over five years. It enables Aave to redirect OEV into its protocol instead of allowing value to leak to block builders. The feature initially supports tBTC, LBTC, AAVE, and LINK, with more tokens planned in future updates. Revenue from this MEV recapture is shared between communities: 65% goes to Aave and 35% to Chainlink. During the initial six-month period, this fee split is locked in. T in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Chainlink launches Payment Abstraction on mainnet, enabling service fees to be seamlessly converted into LINK. Aave integrates Chainlink SVR to reclaim MEV from liquidations, sharing revenue 65% with Aave and 35% with Chainlink. Chainlink has launched Payment Abstraction on mainnet, enabling service fees to be automatically converted into LINK. This upgrade supports a new revenue-sharing model through Smart Value Recapture (SVR). Aave is the first DeFi protocol to integrate SVR, reclaiming value from liquidations. Chainlink aims to expand support and enhance its staking and payment systems. Chainlink Payment Abstraction Launches on Mainnet Chainlink announced that Payment Abstraction is now live, enabling users to pay for services using various assets. These payments are converted into LINK through a process involving Chainlink Automation, Price Feeds, CCIP, and decentralized exchanges. We’re excited to announce Chainlink Payment Abstraction is officially live on mainnet, enabling user fees to be converted into LINK. Network fees generated from Chainlink SVR—including @aave’s usage of SVR—will now be converted to LINK. https://t.co/ZXkRSqJ9c6 — Chainlink (@chainlink) March 31, 2025 According to Chainlink, this system reduces payment friction and simplifies the user experience across its network. It uses LINK as a universal token for payments and staking. The first implementation of Payment Abstraction focuses on converting fees generated from Smart Value Recapture (SVR). This Oracle-based system allows DeFi protocols to recover Oracle Extractable Value (OEV), a type of MEV previously lost to block builders. Chainlink confirmed that its portion of these fees will be used to reward node operators, later transitioning to LINK stakers once SVR services are secured by Chainlink Staking. Node rewards from over 40 chains are also set to be consolidated into a single blockchain, starting with CCIP. Chainlink plans to increase gas efficiency and cross-chain compatibility through future updates. Feedback from protocol users and developments like Account Abstraction helped shape this feature. Aave Integrates Chainlink SVR to Capture MEV Aave has integrated Chainlink’s SVR on the Ethereum mainnet to recover liquidation-related MEV. The feature was developed with support from BGD Labs, Aave Chan Initiative, and Flashbots. Aave’s on-chain vote approved the integration, targeting previously unrecoverable MEV tied to oracle services. SVR’s architecture is based on Chainlink’s existing decentralized infrastructure, which has supported Price Feeds for over five years. It enables Aave to redirect OEV into its protocol instead of allowing value to leak to block builders. The feature initially supports tBTC, LBTC, AAVE, and LINK, with more tokens planned in future updates. Revenue from this MEV recapture is shared between communities: 65% goes to Aave and 35% to Chainlink. During the initial six-month period, this fee split is locked in. T” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.