Lew
6.8K posts
x.com/chainlink/stat… >There is no revenue shares flowing back to holders. No dividends. No protocol earnings being redistributed downstream. Holding LINK does not entitle you to a slice of oracle fees in any direct, mechanical way. That alone should frame expectations properly. The value proposition is not “owning a piece of Chainlink’s revenue.” It is “owning exposure to a belief that this token will be more valuable later than it is today.” This is just patently false. 1) The weekly token buybacks (which have grown from $1M to $1.1M-$1.2M/week) that go into the Chainlink Reserve are literally revenue from the protocol's adoption going towards benefiting token holders. The offchain revenue that Chainlink generates is used to do buybacks of the token off the open market and store it into the Chainlink Reserve. This is value accrual being shared with all token holders; not just stakers. These buybacks will only continue to grow and will persist indefinitely, while token unlocks (until all are circulating) will stop. 2) The BUILD rewards for stakers, albeit not huge, are also real yield going to stakers. Distributing value into a token is not hard. That's incredibly easy. There are many ways to do it. The actual hard part is actually building the best tech, getting it widely adopted, and "winning." What's imporant about the current buybacks isn't the amount, but rather two points: 1) Signaling and clarifying the intent and recognition that the token is the sole destination for all value distribution; not to competing stakeholders' equity 2) Creating the actual onchain mechanism by which it can happen You can also layer on additional supply sinks (staking requirements for nodes) and value accrual beyond just token buybacks (yield). Most major tech companies took over a decade to initiate meaningful buybacks. Chainlink started it after 8 years. Mind you, the current buybacks are not Chainlink's total revenue, but just the buyback amount. Chainlink is reinvesting into itself to building the best protocol it can be to win the market. If you "win" and become the global standard orchestration layer protocol, everything else sorts itself out.
The claim period for Chainlink Rewards Season 1 is now live. rewards.chain.link Starting today, eligible LINK stakers who allocated Cubes during the 1-month allocation period can begin to claim tokens as they unlock over time. 🧵⬇️
JPMorgan has migrated its tokenized deposit product, JPM Coin (JPMD), from its internal permissioned blockchain Kinexys to Coinbase’s Ethereum L2 network Base, in order to meet institutional clients’ needs for payments, collateral, and margin settlement on public blockchains. coindesk.com/business/2025/…
