On May 5th, according to information from CoinDesk, Chainlink - the leading oracle platform in the blockchain field - announced the deployment of a new community rewards program aimed at encouraging LINK token holders to directly participate in network security through staking activities.
This is part of the Chainlink Economics 2.0 strategy, focusing on enhancing the economic security of cryptocurrency services for oracle services. Chainlink's staking mechanism allows both node operators and community members to contribute to the oracle system's performance by locking LINK, thereby receiving corresponding rewards.
The highlight of this staking v0.2 version update is the expansion of the staking pool's total capacity to 45 million LINK, equivalent to 8% of the current circulating supply. This opens up greater opportunities for the LINK community to participate in staking, thereby contributing to increased decentralization and overall network security of Chainlink.
Encouraging community participation in staking not only helps ensure the stability and reliability of oracle services but also represents a strategic step for Chainlink to consolidate its pioneering role in providing data for smart contracts across multiple blockchain chains.
