Chainlink (LINK) Launches Staking v0.2

Leading oracle solution Chainlink (LINK) has officially rolled out Staking v0.2, expanding the scale of its staking pool and introducing several new enhancements.

Chainlink Launches Staking v0.2, Distributing Over 40 Million LINK in Rewards to the Community

As scheduled, Staking v0.2 is set to enter General Access on November 11, 2023, initiating public staking with a predefined cap.

Specifically, as per recent announcements, the staking pool scale for v0.2 will be capped at 45 million LINK (worth approximately $650 million USD), marking an 80% increase over v0.1 and accounting for 8% of LINK's total supply. Out of this, 40.875 million LINK will be allocated to Community Stakers, with the remainder designated for Node Operator Stakers.

Community members can stake anywhere from 1 to 15,000 LINK, while node operators can stake between 1,000 and 75,000 LINK. The oracle solution notes that the staking pool scale will continue to increase with project developments, correlating with increased rewards for contributors.

Chainlink Staking v0.2 introduces improvements over its predecessor in the following features:

• Unbonding Mechanism: Stakers can withdraw their funds at any time without being locked.
• Liquid Rewards: Stakers can receive rewards at any time without penalties.
• Stake Slashing: Node operators may face asset reductions if warnings are issued, but community Stakers are unaffected.
• Modular Architecture: New oracle services can be seamlessly integrated into Chainlink Staking v0.2 over time, without requiring manual moves from Stakers.
• Dynamic Rewards: New reward sources, such as user fees, can be added over time, especially as new oracle services are supported.
• Priority Migration: Upon the launch of Staking v0.2, current v0.1 Stakers will have a 7-day window to migrate LINK and their staked rewards from v0.1 to v0.2.

More: Coin Link

LINK is currently priced at $14.4 USD, marking a 33% increase over the past 7 days. In fact, the coin has surged ahead of the v0.2 upgrade news, even reaching a 50% increase around mid-October.

LINK/USDT on the 1D timeframe as of 11:30 AM on November 10, 2023, on Binance.