Chainlink to Launch Staking Service as Part of Flurry of Changes
Chainlink plans to launch its long-awaited staking services in December, Sergey Nazarov, the project’s co-founder, announced Wednesday at the Smartcon 2022 conference in New York. Nazarov said Chainlink will progressively roll out the staking program for particular ecosystem members based on their LINK holdings, community engagement, and ecosystem participation. Chainlink will launch an eligibility app on Oct. 3 to notify users when they are eligible to participate in staking. Chainlink offers oracle networks that relay real-world data to web3 dApps, such as price feeds, weather data, and cross-chain communication. Chainlink’s ecosystem currently spans more than 1,500 projects, including top protocols Aave, Compound, Synthetic, and dYdX.
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