Chainlink’s intitial focus of Payment Abstraction is to convert SVR fees generated by Aave into LINK and distribute them within the Chainlink ecosystem
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The initial application of Payment Abstraction is with Chainlink Smart Value Recapture (SVR), where network fees generated from SVR, including Aave's usage, are converted into LINK. Aave, the first user of Chainlink SVR, benefits from a 6-month discounted 65/35 revenue split of the recaptured liquidation MEV, with 65% going to the Aave community and 35% to the Chainlink ecosystem.
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