Chainlink (LINK) Pool Staking v0.2 Officially Fills Up
In the first half-hour since its launch, over 11 million LINK tokens have already been transferred into staking for v0.2.\
Chainlink (LINK) Pool Staking v0.2 Officially Fills Up. Image: Viblo
Within the initial 30 minutes, more than 11 million LINK tokens were staked on v0.2, and the pool designated for Community Stakers has officially reached capacity, according to an announcement from Chainlink earlier today (08/12).
As previously reported by Coin68, the project began encouraging users already participating in v0.1 staking since late November to migrate their assets to v0.2, with the expanded pool now accommodating up to 45 million LINK tokens - equivalent to 8% of the current circulating supply.
Of this total, 40.875 million LINK tokens are allocated to the Community Staker group, with the remainder for Node Operator Stakers. According to the announcement, regular users can stake up to 15,000 LINK tokens during the first 4 days of v0.2's launch. Subsequently, from December 7th to 11th, the project will open access to everyone, allowing anyone to stake a maximum of 15,000 LINK tokens, provided the pool has not reached capacity.
Chainlink is the most prominent oracle network in the cryptocurrency industry, providing real-world data to blockchain applications. The project first introduced its staking model in December last year to enhance the utility of its token, generate additional earnings for LINK holders, and bolster network security. Initially, staking was focused on securing the ETH/USD price data feed, with a pool limit set at 25 million LINK tokens.
The #Chainlink Staking v0.2 community pool has officially filled, with over 19M additional LINK staked in under 7 hours since Early Access opened ⬡
— Chainlink (@chainlink) December 7, 2023
We want to thank the community—both v0.1 migrators and new stakers—for participating in the v0.2 launch and putting 40,875,000… pic.twitter.com/SpbFR7b7lX
See more: Coin Link
For the newly launched v2.0, the project aims to introduce more flexible unstaking mechanisms, improve platform security measures, and implement several optimization updates. Its modular architecture enhances adaptability, making it easier to deploy upgrades and improvements in the future.
Overall, the LINK price has shown limited response, fluctuating mostly within the $14-16 USD range since the launch of v0.2.
1D chart of LINK/USDT pair on Binance as of 09:00 AM on 08/12/2023
