Chainlink Staking v0.2 is launching the new staking platform later this year

October 24, 2023

Here are some additional details that you may find interesting:

Chainlink Staking v0.2 will launch in Q4 of 2023, with an initial pool size of 45M LINK. The launch will involve multiple entry phases, starting with a Priority Migration period for existing v0.1 stakers, followed by Early Access and General Access phases.

Chainlink Staking v0.2 will support the cryptoeconomic security of multiple oracle services, not just the ETH/USD Data Feed on Ethereum. The platform will allow the addition of new services without requiring stakers to migrate or adjust their stakes.

An Unbonding Mechanism and liquid rewards

Chainlink Staking v0.2 will introduce an Unbonding Mechanism that allows stakers to withdraw their staked LINK after a certain period of time, depending on their stake size and the pool utilization. This will provide more liquidity and flexibility for stakers.

Chainlink Staking v0.2 will also introduce Liquid Rewards, which means that stakers can claim their rewards at any time without incurring penalties or affecting their stake size. This will make staking more attractive and convenient for stakers.

Stake Slashing and Dynamic Rewards

Chainlink Staking v0.2 will implement Stake Slashing, which means that stakers who fail to meet the performance requirements of the oracle services they support will lose a portion of their staked LINK as a penalty. This will increase the security and reliability of the network.

Chainlink Staking v0.2 will feature a Modular Architecture that makes it easier to integrate new features and improvements to the platform in the future. For example, the platform will support Dynamic Rewards, which means that the reward rate for stakers can change based on various factors, such as user fees, network demand, and inflation

Chainlink Staking v0.2 will offer Priority Migration to existing v0.1 stakers, who will be able to migrate their stakes to the new platform before anyone else and receive a bonus reward rate for doing so. This will reward the early adopters and supporters of Chainlink Staking.

Author: Chris Mharc

Hello, I am Christ Marc, a young crypto enthusiast who has been in the market for a few years, I heard from bitcoin via a few friends and since then I became deeply interesred in this technology, now I am pursuing my studies with the incentive to master tomorrow's technology.