Chainlink down 6% as holders stake $76M in 24 hours

Chainlink down 6% as holders stake $76M in 24 hours

Chainlink staking early access went live on Dec. 6, and over $75 million worth of LINK tokens have been staked in the first 24 hours, according to Etherscan data.
Chainlink staking is live.
According to the announcement, staking is integral to Chainlink Economics 2.0. Through staking, community members and node operators can earn 4.75% rewards by increasing the security of the oracle services.
“By committing LINK tokens in smart contracts to back certain performance guarantees around oracle services, the Chainlink ecosystem can expand to secure greater amounts of value over time.”
Meanwhile, each address can only stake 7,000 LINK tokens, and the staking pool is capped at 25 million LINK. Of this amount, 22.5 million is for community stakers, while the node operators get 2.5 million –the pool limit will be expanded in 2023.
Over $75 million staked.
Lookonchain reported that over 2,600 addresses participated in the staking activities during the first nine hours; 950 of these addres

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