Main navigation

LINK Staking Launch Approximate Date Announced: Details

Wed, 11/09/2022 - 15:15
article image
Yuri Molchan
LINK handle has finally announced upcoming launch of staking feature
LINK Staking Launch Approximate Date Announced: Details
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News
Contents

According to a tweet that was recently published by the official Chainlink handle, LINK staking is on track to be launched at the end of this year.

Besides, as of Monday this week, stakers can check their eligibility for staking already. Also, four fundamental long-term goals of staking have been announced.

Staking v0.1 on track to launch in December

A video published with the tweet says that the staking feature is on track to be introduced this December. However, the dev team has released something a little earlier too.

On Monday this week, early access to eligibility was granted to the community. It will enable potential stakers to check the portion of the staking pool they can gain access to. The staking supply is also expected to keep growing.

Related
Doge Founder Slams Shiba Inu, Here's What for This Time

Four long-term goals of LINK staking

Also, four long-term goals of LINK staking have been announced. They include an increase in cryptoeconomic security and user assurances of services provided by Chainlink.

These goals will allow a greater part of the LINK community to participate in the network by staking more coins.

The developer team also plans to allow stakers to generate sustainable income from the long-term usage of staking. The final goal is to allow operators of nodes to access higher-value jobs by staking.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.