Chainlink, which provides price flows and other data for blockchains, has added 170 million tokens, worth almost $24.27 million, to the stake pool it created for the first time, with the community share expiring in just two days.
Why was the Stake Pool Created?
The new staking effort is designed to help the project secure the quality of the price stream for the cryptocurrency ETH. Within the scope of the system, participants and node operators undertake that they will keep Chainlink‘s LINK tokens as a kind of collateral in exchange for annual payments of 4.75%.
The Chainlink team recently announced that the total limit of 22.5 million LINK tokens for the staking community pool is “100% full”. Since there are a total of 25 million LINKS in the staking pool, node operators can continue staking LINK coins even if the community allocation is drawn. This means that Node operators currently have about 730,000 LINK tokens left that they can invest in.
On the other hand, the project’s “Chainlink Economics 2.0″ strategy, which is called a new era of sustainable growth, crypto economic security and deeper value capture, is largely based on staking.
References
www.coindesk.com
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