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stake.link launches new Chainlink staking program features

stake.link launches new Chainlink staking program features

stake.link, a delegated liquid staking protocol, has revealed a significant extension to its upcoming staking initiative. A range of novel features and improvements have been included, which will enhance stake.link’s standing as the foremost Chainlink (LINK) staking solution.

The recently unveiled capabilities presented by stake.link has been strategically developed to capitalize on the forthcoming version 0.2 of Chainlink Staking, which is scheduled to go live in Q4, according to the latest information shared with Finbold on September 21.

One of the enhancements created by stake.link is a functionality referred to as the Priority Pool. The proposed solution aims to provide users with a streamlined and exceptionally effective procedure for staking LINK tokens in anticipation of Chainlink’s planned expansion of its capacity from 25 million to 45 million tokens. The priority pool facilitates the automation of LINK staking for depositors, hence enabling a seamless staking experience that requires little user intervention.

Staked SDL

Additionally, stake.link has made an announcement on the migration of its stSDL (staked SDL) receipt tokens to reSDL (reward escrow SDL), which is an NFT representation of the SDL token. The objective of this endeavor is to enhance sustained engagement on the platform by augmenting boosts and governance votes.

Jonny Huxtable, a founding member of stake.link said: 

“This new major iteration of the stake.link platform brings revamped tokenomics and, for the first time, a set-and-forget LINK staking option. Never before has it been so easy for users to participate in Chainlink Staking, creating a dynamic that benefits both the economic security of the Chainlink Network and the long-term stakers of the native stake.link token: SDL. This major release marks a milestone for stake.link, seeing growth that will cement its position in the industry to support the next wave of major infrastructure advancements powered by the Chainlink Network.”

According to the Chainlink roadmap, the 20M LINK that will be made available to the Chainlink staking pool in Q4 will be handed out in three waves. When phase three kicks in, the LINK from the stake.link priority pool will be staked against the community pool, and there will most likely be fewer than 20M LINK available for deposit. When staking in the priority pool, LINK placed by reSDL holders will be prioritized above LINK put by non-reSDL holders.

Lastly, stake.link has announced the launch of its own AI-powered chatbot, “SergAI.”  SergAI, as a specialist in all things Chainlink and stake.link, will address questions on liquid staking levels, the priority pool, and how receipt tokens work.

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