Chainlink Staking v0.1 Early Access launches on Ethereum mainnet

Chainlink Staking V0.1 Launch

06 December 2022

Chainlink Staking (v0.1) beta will launch on the Ethereum mainnet on December 6. Addresses that qualify for Early Access will have the opportunity to stake up to 7,000 LINK in the v0.1 staking pool. The v0.1 staking pool will be open for public access two days later, on December 8, 2022. At that time, anyone will be able to stake to the initial limit of 7,000 LINK per address, subject to the initially limited pool of 25 million LINK and other applicable requirements for participation.

“Staking is a core initiative of Chainlink Economics 2.0, enabling LINK token holders and node operators to earn rewards for helping increase the cryptoeconomic security of oracle services.”

The v0.1 staking pool supports the ETH/USD Data Feed in the Ethereum mainnet. Stackers will be rewarded for helping to secure the Data Feed, mainly by participating in a decentralized alert system that notes if the Data Feed does not meet certain performance requirements regarding uptime.

“The staking pool will initially be capped at 25M LINK, representing approximately 5% of the current circulating supply and 2.5% of the total supply, with plans to scale up to 75M LINK over time. The staking pool will initially contain only two types of stakers: Node Operator Stakers and Community Stakers, with additional types of stakers being possible in the future. Node operators actively servicing Chainlink Data Feeds will each have an initial 50,000 LINK allotment.”

Early Access allows a participant to stake but does not guarantee a seat, given the initially limited pool size. Three qualifying criteria for Early Access v0.1 can be seen below:

Criteria Details
Hodler Token holders who fall into either category: Held more than 7 LINK on Ethereum Mainnet for at least 50% of the time between May 30, 2019, and June 7, 2022, and held more than 7 LINK on Ethereum Mainnet for at least 90% of the time between August 5, 2021, and June 7, 2022.
Builder Participating teams in any Chainlink-hosted hackathon from Fall 2020 to Spring 2022.
Educator Chainlink Advocates, Developer Experts, and others who have demonstrably hosted or spoken at Chainlink meetups about the Chainlink Network or Chainlink Ecosystem.

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