- Chainlink has announced its Staking v0.2 is live, with a excavation size of 45 cardinal LINK.
- v0.1 stakers are eligible to migrate their staked LINK from November 28.
- Minimum involvement for assemblage is 1 LINK and for node operators 1,000 LINK.
Chainlink has officially upgraded its staking mechanism, with the caller Staking v0.2 going unrecorded connected November 28.
The v0.2 staking volition diagnostic a 45 cardinal LINK pool, with this accounting for 8% of the blockchain project’s circulating supply.
Announcing that v0.2 was now live connected the Ethereum mainnet, the Chainlink squad said that existing v0.1 stakers were eligible to migrate their staked LINK with effect from November 28. The group’s accrued v0.2 rewards volition springiness them entree during a 9-day Priority Migration phase.
LINK holders volition person entree from December 7, with this taxable to “predefined eligibility requirements”, portion wide entree is scheduled to footwear disconnected from December 11.
#Chainlink Staking v0.2 is officially unrecorded connected mainnet ⬡
Starting today, existing v0.1 stakers person a nine-day model to migrate their staked LINK and accrued rewards to the 45M LINK v0.2 pool, with guaranteed entree earlier Early Access begins.
— Chainlink (@chainlink) November 28, 2023
Minimum involvement for assemblage is 1 LINK
Staking plays a important relation arsenic a halfway inaugural successful the economical operation and information of the Chainlink network. With staking, web participants specified arsenic node operators backmost the ecosystem by locking up their LINK, thereby helping unafraid the oracle services. In return, stakers gain rewards.
According to details successful today’s property release, the staking limits volition beryllium a minimum of 1 LINK and maximum of 15,000 LINK for the community. Meanwhile node operators volition person the accidental to involvement a minimum of 1,000 LINK and maximum of 75,000 LINK.
Anyone tin involvement up to the said bounds amounts arsenic agelong arsenic the excavation remains open.
Of the 45 cardinal LINK, a excavation size stock of 40,875,000 LINK has been allocated to the assemblage members. The rest, 4,125,000 LINK volition beryllium unfastened to node operators that are presently servicing the Chainlink Data Feeds.
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