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๐Ÿง™๐Ÿผโ€โ™‚๏ธ! Our Single-Sided gmCauldrons are now live on Arbitrum with 1m MIM caps each ready for you to loop up this dip!๐Ÿ”ฅ GMX ๐Ÿซ ๐Ÿค๐Ÿผ ๐Ÿง™๐Ÿผโ€โ™‚๏ธ ๐Ÿค๐Ÿผ Chainlink Leverage up on your single sided gmBTC and gmETH while remaining exposed to the yield produced, and paying fixed interest rates!๐Ÿ‘€๐Ÿ”ฎ...

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We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens. The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage. The Chainlink Reserve is being built up by using Payment Abstraction to convert offchain and onchain revenue into LINK, using a combination of Chainlink services and decentralized exchange infrastructure. Demand for Chainlink has already created hundreds of millions of dollars in revenue, substantially from large enterprises that have paid offchain for access to the Chainlink Platform. With increasing demand from a number of the worldโ€™s largest banking and capital markets institutions, this form of paying for the Chainlink standard is expected to grow into the future as the industry grows. The Reserve has already accumulated over $1M worth of LINK from this early stage launch phase, which is expected to gradually grow in the coming months as more revenue is converted into LINK and placed into the Reserve. We do not expect any withdrawals from the Reserve for multiple years and thus it is expected to grow over time. We believe that as the industry demand for Chainlinkโ€™s unique capabilities increases, that adoption of Chainlink services will enable the Reserve to grow further. ๐Ÿงต๐Ÿ‘‡

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