In about 4 hours Chainlink will conduct its v0.2 upgrade and introduce the Chainlink Staking Platform, with a pool of 45m LINK.
This update comes after the initial beta version of Staking in v0.1 was released last year, with a 25m LINK staking pool.
How will Staking v0.2 work?
Chainlink v.02 will be a fully modular and upgradable Staking platform providing:
- Unbonding Mechanism (instead of locking up staked LINK) providing greater flexibility for stakers while maintaining a non-custodial design
- Slashing of node operator stake, introducing new cryptoeconomic security for the oracle services and the Chainlink protocol
- Modular architecture to support future improvements and updates iteratively
The unbonding mechanism introduces a 28 days cooldown period to withdraw staked LINK, and is introduced to make sure:
- Staking pool is stable over a long period of time
- Ensuring there is sufficient staked LINK to be slashed in case of a valid alert
Driving Value to Token Holders
This is THE most awaited upgrade from Chainlink, providing more utility to the LINK token, and driving value back to token holders.
