Company
Date Published
Author
Chainlink
Word count
608
Language
English
Hacker News points
None

Summary

Chainlink has launched the early access phase of its Staking v0.1 on the Ethereum mainnet, enabling eligible community members to stake up to 7,000 LINK in a limited-size pool, which will open to the general public on December 8, 2022. The v0.1 pool allocates 22.5 million LINK for community stakers and 2.5 million LINK for node operator stakers, with both staked LINK and rewards locked until the release of Staking v0.2 in 9-12 months. This staking initiative is part of Chainlink Economics 2.0, aimed at enhancing the cryptoeconomic security of oracle services and supporting the ecosystem's sustainable growth. Participants are urged to verify they are on the official Chainlink Staking webpage due to potential fraudulent sites and are encouraged to understand the program's features, including the lock-up period and rewards. Additionally, users should be aware that the post contains forward-looking statements subject to risks and uncertainties.