- Chainlink users are highly anticipating the launch of Staking v0.2.
- This model will launch in the final quarter of the year 2023.
- Expect enhanced features such as larger pool, unbonding mechanism, and more.
Chainlink enthusiasts can anticipate the launch of Staking v0.2 in the fourth quarter of this year. The latest version of Chainlink Staking builds on the foundation of v0.1, introducing several significant enhancements and improvements to the staking experience.
As we can see from the post above, Chainlink has much in store for its users for the last quarter of 2023. Let’s explore the key highlights of Chainlink Staking v0.2.
Firstly, the v0.2 launch will make its debut in multiple phases to enhance staker diversity. This includes a 7-day Priority Migration period for v0.1 stakers, a 2-day Early Access phase for eligible participants based on historical activity, and a General Access phase open to all.
Secondly, the v0.2 codebase is re-built into a modular and extensible platform. This framework allows for future upgrades, such as expansion to additional oracle services, user fee rewards, and more, without necessitating migration to a new staking contract.
Thirdly, Staking v0.2 boasts a larger pool size of 45M LINK, an 80% increase from v0.1. A new unbonding mechanism lets stakers initiate withdrawals during a multi-week cooldown period, enhancing flexibility.
Next, v0.2 introduces variable reward rates, with rewards becoming claimable over time. Different reward types are tied to staking duration. This discourages premature withdrawals that result in forfeited rewards.
In v0.2, stakers raising alerts can trigger a slash in staked LINK for nodes of affected services. Timelocked upgradability ensures critical config changes are securely vetted.
Thus, the improved Staking v0.2 aligns with Chainlink’s economic model. By launching valuable oracle services, monetizing them, and sharing value with stakers who help safeguard the services, the new model is offering a lot. For current v0.1 stakers, migration to v0.2 is on the horizon, comes with priority access guaranteed.
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