Chainlink (LINK), one of the leading oracle providers in the cryptocurrency space, has launched an improved version of its staking feature, known as Chainlink Staking v0.2, on the Ethereum mainnet.
This update is primarily intended to strengthen security and flexibility within the Chainlink ecosystem.
The migration for existing stakers, which began on November 28, allows those who participated in the previous version, v0.1, to transfer their staked LINK tokens and accumulated rewards to the new version, v0.2.
This priority migration phase will last nine days, ending on December 7
Subsequently, a four-day period will open for LINK token holders, who meet the predefined requirements, to stake up to 15,000 LINK before general access beginning on December 11.
Staking is a fundamental part of the Chainlink economy, allowing ecosystem participants to support oracle services with their LINK tokens and receive rewards for contributing to the security of the network.
Chainlink staking version 0.2 builds on lessons learned from its predecessor, v0.1
Among the most notable improvements is the introduction of an unbinding mechanism that provides greater flexibility to both community stakers and node operators, while maintaining a secure and non-custodial design.
In addition, significant improvements have been implemented in security guarantees for oracle services through the mechanism of penalizing (slashing) node operators’ funds in case of inappropriate behavior.
The launch of this new version sets an initial limit of 45 million LINK tokens for the staking pool.
Of this total, approximately 40.9 million tokens are allocated for community members, while the remainder is reserved for node operators currently providing data feed services.
