Early access Chainlink staking launched on December 6, with over $75 million in LINK tokens staked in the first 24 hours, according to Etherscan. data.
Chainlink Staking is live.
according to publication, staking is integral to Chainlink Economics 2.0. Through staking, community members and node operators can earn 4.75% in rewards by increasing the security of Oracle services.
By committing LINK tokens in smart contracts to back specific performance guarantees on oracle services, the Chainlink ecosystem can grow to secure more value over time.
Meanwhile, each address can only stake 7,000 LINK tokens and the staking pool is limited to 25 million LINK. Of this amount, 22.5 million will be for community stakers and the node operator he will get 2.5 million. Pool limits will be extended in 2023.
Over $75 million wagered.
look on chain report Over 2,600 addresses participated in the staking activity in the first 9 hours. 950 of these addresses have him staked 7,000 of his LINK tokens, while 725 addresses have staked less than his 1,000 LINK. At the time of writing, there are over 3,000 addresses.
Meanwhile, Chainlink’s community pool show With 9.8 million tokens staked, early access will end in the next 32 hours.
.@chain link Staking v0.1 was officially launched today.
About 17.5M in the last two weeks $LINK Moved from the exchange in anticipation of this catalyst. pic.twitter.com/9fYg9MNYpH
Delphi Digital (@Delphi_Digital) December 6, 2022
Given how highly anticipated this feature was, the high voter turnout isn’t surprising.delphi digital I got it In the two weeks leading up to the launch, owners moved approximately 17.5 million LINKs off the exchange.
LINK Down 6%
Chainlink’s LINK price has not responded positively to the introduction of the staking feature, continuing its recent low price performance.
Data from CryptoSlate shows that LINK has fallen 5.93% against $ over the past 24 hours.6.83753 in press time. On a 7-day metric, LINK was down over 8% and down over 20% last month.
Lookonchain reported that whales have been aggressively accumulating tokens despite poor price performance.
On December 5th, on-chain investigators 14.3 million giant whales (institutions) Link from ($107.6M) binance The average cost of ownership over the last two weeks was $7.2.
1/ A group of whales $LINK soon.
Gaint Whale (Institution) Cumulative 14.3M $LINK from ($107.6M) #binance in the last two weeks.
0xd51b purchased 284,496 $LINK ($2.15M) #Uniswap November 30th.
0xe6a5 bought 66,723 $LINK ($504,427) #1 inch November 30th.
Lookonchain (@lookonchain) December 5, 2022