Chainlink has embarked on a new era with the launch of version 0.2 of its hotly anticipated LINK staking protocol on the Ethereum mainnet. The release enables token holders to stake their LINK and back the performance of the Chainlink oracle network in return for crypto rewards.
Keypoints
- Chainlink has launched staking version 0.2 on Ethereum mainnet, allowing token holders to stake LINK
- New features include more flexibility for stakers, security via slashing, modular architecture, dynamic rewards
- 45 million LINK staking pool with 40.8 million for community members, rest for node operators
- Allows ecosystem participants to back network performance and earn rewards
- LINK price has climbed nearly 11% over the past week
- On-chain data shows spike in whale transactions – over 2,600 transfers above $100k on November 28
- Supply of LINK on exchanges declining, reduces selling pressure
- Movement of dormant tokens recently…
