Chainlink opens v0.2 staking with 45 million LINK

4:16 am
November 29, 2023

**Chainlink Introduces Staking v0.2, Offering 45 Million LINK Pool**

Chainlink has disclosed the launch of its Staking v0.2, providing stakers with a pool size of 45 million LINK. This upgrade is set to revolutionize the staking landscape for the blockchain project. The minimum stake for community members is 1 LINK, while node operators can stake 1,000 LINK. Existing v0.1 stakers are eligible to migrate their staked LINK from November 28.

The team at Chainlink has recently announced the arrival of Staking v0.2, a significant update that has now gone live as of November 28. This upgrade will boast a pool size of 45 million LINK, which represents 8% of the project’s circulating supply.

Those who are already staking with v0.1 can transfer their staked LINK to v0.2 from November 28 and gain access to their accrued rewards during a 9-day Priority Migration phase. After this, LINK holders will have access from December 7, subject to predefined eligibility requirements, with general access planned for December 11.

Staking is a key part of Chainlink’s economic structure and network security, as it involves participants such as node operators locking up their LINK to support the ecosystem and secure the oracle services in exchange for rewards. The staking limits are a minimum of 1 LINK and a maximum of 15,000 LINK for the community, and 1,000 LINK and 75,000 LINK for node operators. These limits are applicable as long as the pool remains open.

Out of the 45 million LINK pool, 40,875,000 LINK has been allocated to community members, with the remaining 4,125,000 LINK available to node operators currently servicing the Chainlink Data Feeds.

*FAQ*

**Is there a deadline for migrating staked LINK from v0.1 to v0.2?**
Existing v0.1 stakers can migrate their staked LINK and accrued rewards to the 45 million LINK v0.2 pool during a 9-day Priority Migration phase starting from November 28.

**What are the eligibility requirements for accessing LINK in the v0.2 pool?**
LINK holders will have access to the v0.2 pool from December 7, subject to predefined eligibility requirements. General access is scheduled to start from December 11.

**What are the staking limits for community members and node operators?**
The minimum stake for community members is 1 LINK, with a maximum of 15,000 LINK. Meanwhile, node operators have the opportunity to stake a minimum of 1,000 LINK and a maximum of 75,000 LINK.

**How much of the 45 million LINK pool is allocated to community members?**
Out of the 45 million LINK pool, 40,875,000 LINK has been allocated to community members.

**How does staking contribute to the Chainlink network’s security?**
Stakers, including node operators, play a crucial role in supporting the Chainlink network’s security and economic structure by locking up their LINK to help secure the oracle services, thereby earning rewards in return.

This information is provided by [CoinJournal](https://coinjournal.net/).


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