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Home»ADOPTION NEWS»With the launch of Chainlink staking v0.2 early access, over 11 million LINKs were staked in just 30 minutes.
ADOPTION NEWS

With the launch of Chainlink staking v0.2 early access, over 11 million LINKs were staked in just 30 minutes.

By Crypto FlexsDecember 7, 20233 Mins Read
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With the launch of Chainlink staking v0.2 early access, over 11 million LINKs were staked in just 30 minutes.
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Posted 1 minute ago In ~

Early access to Chainlink Stakes v0.2 has begun and has been used by over 11 million users. link

-3.24%
According to the statement, it was staked for the first 30 minutes.

The early access launch follows a nine-day “priority migration” period last month during which existing v0.1 stakers were able to transfer their staked LINK and rewards to the new version. Chainlink Stake v0.2 features an expanded pool size of 45 million LINK.

The decentralized computing protocol Chainlink is the most popular oracle network in the cryptocurrency space, providing external real-world data to blockchain applications. Chainlink staking first launched over a year ago. This move increases the utility of the token and allows LINK holders to back the performance of Oracle services. Holders can receive rewards for helping to secure the network.

Initially, it was only accessible for staking to secure Ethereum. ETH

+3.17%
/USD price feed. The pool was limited to 25 million LINK tokens.

Stake up to 15,000 LINK

Through early access, “eAccording to the statement, eligible participants will now have the opportunity to stake up to 15,000 LINK. “Early Access will last for 4 days before Stake v0.2 transitions to General Access, and anyone can stake up to 15,000 LINK, as long as the pool is not filled yet.”

that much According to the statement, 45 million LINK represents “8% of the current circulating supply.”

With this new version, Chainlink aims to provide a more flexible unbonding mechanism to allow stakers to withdraw their staked tokens more efficiently. This is also intended to improve security assurance. The modular architecture aims to increase adaptability, making it easier to integrate future upgrades and enhancements.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal, writing about Disney, Netflix, Warner Bros. and the creator economy, focusing primarily on technological disruption across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.

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