/biz/ - Business & Finance

TOKEN NEEDED

IT'S OFFICIAL

>>55673639

ticker: LINK

>>54313245

TOKEN ...

IT'S OFFICIAL

POOL'S CLOSED

So how much of your stack will you be staking tomorrow?

dare I say it

>>49434421
interesting so, besides unlocking the incentive supply and releasing additional services to generate more node fees, they're also planning to strong arm users into contributing to some kind of third party incentive pool as well as creating a node insurance service in exchange for additional costs, instead of just straight up jacking up the feeds costs
I've given a lot of thought about how delicate their monopoly is considering they really need to raise user costs in order to properly rewards nodes and stakers, but because of their invisible backend status if they raise too much users will just end up selecting alternatives. - unless they can justify it with additional services
the addition of direct payout insurance in case of a fuckup is I believe a game changer, as no competitor could possibly compete with link's mcap at this point and this is what insurance is about, whoever has the biggest reserve and can cover the biggest losses
chainlink is not only in the data and cross chain business, it's now becoming an insurance layer as well - once again, an absolutely mind bogglingly brilliant move proving they're always thinking multiple steps ahead of the market and the market will takes forever to even begin to grasp the implications
now for a premium, smaller protocols wont even have to deal with handling their own loss insurance fund - delegate delegate delegate!
the initial program to get users to chip in in a collective pool is also quite interesting, I'm very curious to see if these protocols and DAOs will put their money where their mouths are. chainlink has been the sleeping giant on which this entire industry has relied on - leeched on really - for far too long already, now it's time to step up and pay up, there's no logical world in which chainlink total value capture should be lower than individual dapps
it's like a drug dealer giving the first hit for free, now everyone's using it so time to raise to fair prices