It’s official! Chainlink Staking v0.1 will be available on Ethereum mainnet from December 6th. However, a few days before the launch, the blockchain wants to provide more details about this program. In particular, it explains how Chainlink Staking v0.1 will affect some important properties, such as the lock period.
Chainlink Staking v0.1 will reduce block periods
On his thread tweet, Chainlink has made it known that Chainlink staking is planned with a lock-up period of 12 months to 24 months. However, after consulting with the community and node operators, the team decided to make changes that benefit everyone. Hence the origin of a faster iteration with more frequent releases. Also according to the explanations, each release will have a condensed scope focused on key features.
In the same tweet thread, Chainlink mentions the launch of the Chainlink Staking beta. Unfortunately, for now, it will be exclusively reserved for addresses that are eligible for early access.
For its part, Chainlink specifies that the privileged will be able to stake up to 7,000 LINK (€53,270) in a limited pool. The stake pool will be open to all LINK holders from December 8th. The initial total pool limit is 25 million LINK.
A program closely followed by the launch of v0.2
This effort initiative is a program included in the “Chainlink Economics 2.0” project. It allows LINK holders as well as node operators to earn rewards for participating in optimizing the crypto-economic security of oracle services.
As for the next version Staking v0.2, it will be released in 9 months to 12 months. At that point, players will have the option to unlock or migrate their LINK. The same applies to their effort rewards.
The launch of Staking v0.1 on Ethereum is good news for LINK holders. But not only! It also turns out to be beneficial for Chainlink as it allows it to reach new customers. The blockchain is at its best. The proof: the price of LINK has increased by 23% in the last two weeks.
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My name is Ariela and I am 31 years old. I have been working in web writing for 7 years now. I first discovered trading and cryptocurrency a few years ago. But it’s a world that interests me a lot. And the topics covered by the platform allow me to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals)!