Chainlink (LINK) Announces The Release Of Economics 2.0 And Staking v0.1

Chainlink (LINK) announced that it will launch beta Staking program (v0.1) on the Ethereum mainnet on December 6.

Chainlink Staking is an economic security method in which members send LINK to the network using smart contracts in order to improve the performance of Oracle services.

The Chainlink Staking v0.1 beta release is the initial part of the project, which contains a pool that drives the ETH/USD trading pair feed on Ethereum. Users will be paid for engaging in the decentralized alert flagging system if the feed does not satisfy the quality standards.

Pool staking will be limited to 25 million LINK at first, representing 5% of current circulating supply or 2.5% of total supply, and will progressively increase to 75 million LINK. Initially, the pool was only for two sorts of stakers: node operator stakers (2.75 million LINK) and community stakers (22.25 million LINK). Each operator who is actively serving the network is allocated 50,000 LINK at the start.

Staking is a key endeavor within the Chainlink Economics 2.0 architecture, allowing LINK token holders and node operators to earn passive payments while also helping to secure this leading oracle network.

In pool v0.1, eligible addresses can stake up to 7,000 LINK. This pool will be exposed to the public two days later, which means that anyone can join with the same limit for each address.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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