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The Chainlink team tweeted at 1:51 p.m. ET on Thursday that the staking community pool’s limit of 22.5 million total LINK tokens was “100% filled.” While community allotment has been filled, node operators are still able to stake their LINK tokens because the overall staking pool is capped at 25
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Chainlink, a provider of price feeds and other data for blockchains to use in smart contracts, introduced staking of its native token LINK on Tuesday, and selected holders locked 7 million tokens, valued at about $51 million, in the first 30 minutes, according to a company spokesperson. Original Source
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Chainlink noted that the new staking feature will be an integral part of “Chainlink Economics 2.0” thereby focusing on sustainable growth.On Tuesday, December 6, oracle service provider Chainlink introduced a staking feature to its blockchain network. Chainlink said that the staking feature will further help to boost the economic security
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Staking remains restricted in several countries, including the U.S., where the majority of Bored Ape holders live. The Ape Foundation, which is a decentralized autonomous organization run by a handful of prominent community members, cited regulatory concerns as reasoning. Original Source
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The Chainlink network has enabled more than $6.6 trillion in transaction value this year, Nazarov said. Staking is setting the foundation for what the company calls Economics 2.0, its vision for the protocol to scale and become more efficient by providing the right incentives, Nazarov said, something which is necessary
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Oracles are third-party services that fetch data from outside sources to within a certain blockchain. Oracles are extensively used by decentralized finance (DeFi) protocols to ensure their lending, borrowing and other services are accurate. Delays, however, could mean the loss of funds as malicious traders take advantage of price differences. Source
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The multi-week ApeCoin (APE) market rally is nearing exhaustion owing to a mix of technical and fundamental factors.Fundamental — ApeCoin Staking launch In the past two weeks, APE’s price is up over 50% after bottoming at around $2.60. The APE/USD rebound came in line with similar recovery moves elsewhere in the
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While Chainlink staking v0.1 will go live on the mainnet on December 6, the LINK price has shown a strong performance over the past week. At press time, LINK was trading at $7.58, and thus up 13.5% over the last week. Still, Chainlink has been going sideways for seven months. However,
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Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (ETH) being staked across various staking solutions in the months following Ethereum’s shift to proof-of-stake (PoS) consensus.The highly anticipated Merge has been a boon for decentralized finance (DeFi) in general, and staking solutions have been in high
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Chainlink (LINK) looks poised for a 25% price rally in the days leading up to its staking protocol launch, based on several fundamental and technical factors.Chainlink’s price rallies ahead of staking launchThe staking feature, which will go live as v0.1 in beta mode on Dec. 6, comes as a part
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