Chainlink

ChainGPT

<div class="cryptonews"> 
 <p class="is-style-lead">Chainlink’s <a rel="dofollow" title="early" href="https://thebittimes.com/tag/early.html">early</a> <a rel="dofollow" title="access" href="https://thebittimes.com/tag/access.html">access</a> <a rel="dofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> program quickly maxes out, with $632 million in LINK staked, indicating strong community interest.</p> 
 <p>Eligible users staked some 40.8 million Chainlink (LINK) tokens worth an estimated $632 million during the protocol’s early access staking program, signaling strong interest in its v0.2 infrastructure.</p> 
 <p>Stakers filled the allocation within six hours after Chainlink raised its pool limit from 25 million LINK in v0.1 to 45 million under the latest iteration, accounting for 8% of the token’s circulation supply.&nbsp;Chainlink said it would allow general access on Dec. 11, enabling anyone to stake up to 15,000 LINK.</p> 
 <p>This move to provide a revamped <a rel="dofollow" title="staking" href="https://thebittimes.com/tag/staking.html">staking</a> model is reportedly part of Chain<a rel="dofollow" title="link’" href="https://thebittimes.com/tag/link.html">link’</a>s Economic 2.0 plan. The project said it would expand its ecosystem to new users and reward stakers for on-chain participation.&nbsp;</p> 
 <blockquote class="wp-block-quote"> 
  <p>Specifically, Chainlink Staking enables ecosystem participants, such as node operators and community members, to back the performance of oracle services with staked LINK and earn rewards for helping secure the network.</p> <cite>Chainlink press release</cite>
 </blockquote> 
 <p>The price of LINK surged as much as 12% on Dec. 8 when early access was announced and the crypto exchanged hands for around $16.61 per Coingecko. LINK’s price surged 35% in late October 2023, ahead of the new staking mechanism.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> stake.link enhances Chainlink staking with new features 
 </div> 
 <p>Chainlink, one of crypto’s largest data oracles, has recorded several developments in 2023, including deploying its Cross-Chain Interoperability Protocol (CCIP) on Coinbase’s Ethereum (ETH) layer-2 scaling network, Base.</p> 
 <p>The protocol was also caught in controversy after changing security measures overseeing its multi-signature wallet. Users took to X scrutinizing Chainlink for switching the necessary signers from a 4-of-9 threshold to 4-of-8.</p> 
 <figure class="wp-block-image size-full">
  <picture decoding="async" class="wp-image-14225444"> 
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/12/09/012a5bf4d7b6d8139f838869310bbde6.webp.webp"> 
   <img decoding="async" width="1474" height="986" src="https://cdn.thebittimes.com/images/2023/12/09/012a5bf4d7b6d8139f838869310bbde6.webp" alt="Chainlink's early access staking attracts $632m in LINK - 1"> 
  </picture> 
  <figcaption class="wp-element-caption">
   Chainlink v0,2 staking | Source: Chainlink
  </figcaption>
 </figure> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> ChainGPT integrates Chainlink to unlock cross-chain crypto hub 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/chainlink-s-early-access-staking-attracts-632m-in-link-tbt73119.html">https://thebittimes.com/chainlink-s-early-access-staking-attracts-632m-in-link-tbt73119.html</a></p>

Chainlink’s early access staking attracts $632m in LINK

TheBitTimes

Other articles published on Dec 8, 2023

Solana to outperform Ether? VanEck predicts this

South Korea’s Popular Cryptocurrency Exchange Announces Listing This Altcoin, Price Spikes

VanEck Predicts All-Time Highs for Bitcoin Despite Anticipated US Recession

3 Reasons to Be Bullish on Chainlink (LINK)

China Commits to Strengthening Fiscal Policy for Economic Revival in 2024

Solana (SOL) Price Ignition: Arthur Hayes Hints at Imminent $100 Milestone

Join our free newsletter for daily crypto updates!