Company
Date Published
Author
Chainlink
Word count
86
Language
Chinese
Hacker News points
None

Summary

The text provides a comprehensive guide on how to stake LINK tokens in the recently launched Chainlink v0.1 staking initiative, a key component of the Chainlink 2.0 economics aimed at enhancing the cryptoeconomic security of oracle services while rewarding participants. This staking mechanism is a vital milestone for Chainlink, facilitating sustainable growth and security in its ecosystem, which supports over $6.6 trillion in transaction volume. The v0.1 staking pool initially allows community members to stake up to 7,000 LINK tokens if they meet specific conditions, with the pool's total capacity capped at 25 million LINK tokens. The staking process is conducted via a non-custodial smart contract on the Ethereum blockchain, ensuring the security of staked tokens and rewards until the release of the v0.2 staking mechanism, expected within 9 to 12 months. Participants must use a self-custodied Web3 wallet compatible with platforms like MetaMask and have sufficient ETH to cover transaction fees. The guide emphasizes the importance of understanding the beta staking mechanism's design, including token lock-up periods and reward systems, and provides step-by-step instructions for using MetaMask to stake LINK tokens, highlighting the importance of carefully managing Ethereum transaction fees to ensure timely confirmations.