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Stake.link Integrates Chainlink’s Liquid Staking on Ethereum-based L2 Arbitrum Network
Stake.link, a liquid delegated staking platform built on top of the Chainlink (LINK) staking system, has announced the long-awaited integration with the Arbitrum (ARB) network to enable better staking economics. The decision to integrate the Stake.link protocol with the Arbitrum network was approved by a unanimous vote from the governance council. According to the announcement, liquid Chainlink staking users can now tap on the low gas fees on the Arbitrum network at a higher speed.
Furthermore, the Arbitrum network has grown to the leading Ethereum-based layer one scaling solution with more than $3.2 billion in Total Value Locked (TVL).
With the latest expansion, Stake.link users can now stake both LINK tokens and stake.link’s SDL governance token, on Arbitrum, and receive an NFT that represents staked SDL dubbed reSDL. In addition, Stake.link users can now bridge their s
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