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/biz/ - Business & Finance

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52673828 No.52673828 [Reply] [Original]

reminder that BOTH your tokens and rewards are locked for v0.1. the team is saying 1-2 years and knowing them, they will use every second of those two years
>>Due to the security parameters of the Staking system, both Node Operators and Community Stakers will initially have their staked LINK and accumulated rewards locked up in a smart contract until a future release of Staking.
linkpool has developed liquid staking. to understand this, just replace ethereum/ether with chainlink/link in lido's faq:
https://stake.lido.fi/
eg.
>What is stETH?
>stETH is a token that represents staked ether in Lido, combining the value of initial deposit + staking rewards. stETH tokens are minted upon deposit and burned when redeemed. stETH token balances are issued 1:1 to the ethers that are staked by Lido. stETH token’s balances are updated when the oracle reports change in total stake every day.

>stETH tokens can be used as one would use ether, allowing you to earn Beacon chain staking rewards whilst benefiting from e.g. rewards across decentralized finance products.

where will the link deposited being going?
initially all nodes get a 50k allotment to fill.
however, in time as it goes from 25m to 75m the nodes are going to get more allocated to them
>When v0.1 launches, 22.25M LINK will be allotted for Community Stakers on a first-come-first-serve entry, while 2.75M LINK will be allotted and reserved for Node Operator Stakers. Over time, as the space-limited pool expands, the proportional difference between different staking allotments may be adjusted to further enhance the security of the pool.
how much? who knows? but even if it's 200k per node then that's 200k*12= 2.4m LINK of capacity

>> No.52674815

>>52673828
Take this bump. Nice thread, thanks for creating it OP. Allegedly on 5th December we should know more

>> No.52674852

after 2 years it's going to be a last minute cobbled together "unstaking v0.1", you just know it

>> No.52674879

>>52674852
Past performance does not indicate future results

>> No.52674880

>>52674852
Lmao
>withdraw function are coming this second half 2025

>> No.52674886

>>52674852
Elaborate, liquid staking could change how Chainlink Labs perceive their lockup periods

>>52674880
Kek, that'd be hilarious

>> No.52675359
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52675359

>>52673828
>>52674815
cant wait for the 5th lpl bros. thats when we'll presumably find out how much link we can stake per lpl, which will help with decision making on how much to put into early access. based lpl thread, stake.link not priced in at all

>> No.52675562

Anyone have advice for a 1.5k linklet like myself? Is this tiny stack worth staking/splitting or should I just hold and hope for 1k EOY

>> No.52675579

>>52675562
If u have a job, just stake and thank me later

>> No.52675773

what abt advice for a 12k linklet stack

>> No.52676515

>>52673828
would there not be a capital gains event if one were to "swap" your LINK and receive stLINK where as locking your link with chainlink's staking would have no tax implications until unlock occures/rewards are claimed

>> No.52676863

>>52675773
Fuk u

>> No.52677133

>>52675773
This was me before I lost half in bancor and Celsius.

>> No.52677228
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52677228

>> No.52677332

does this mean we'll be getting CEX listings for the derivative token? I fucking hope not, I don't want CZ or any other yellow or gold nigger to capture this market

>> No.52678256

>>52673828
>liquid staking
What does this mean in practice?

>> No.52678461

>>52677133
Lmao fucking rested

>> No.52678479

yawn get a job losers it wont go the way you think

>> No.52678588
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52678588

>>52673828
It's over bros, staking is coming to Chainlink very soon and the price will go to $1000. Linkies will inherit the world and have a huge stake in the New World Economy. We just couldn't stop them from making it and now we will be their slaves. Ii-i-it's over..

>> No.52678903
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52678903

>>52678256
pls answer bros

>> No.52679775

Yeah lock up is a hard pass. It will be great laughing at chastity cage cucks while I post screencaps of taking profits at the top.
>linkers are purposefully trying to miss another bull run lol lmao

>> No.52679884

>>52675773
18k stacklet here, staking 7k, filling my linkpool allotment, and hoping for better defi yeilds eventually. Would be really nice if the next cycle of defi ponzis include LINK for deposit instead of only ETH, USDT, WBTC, ect

>> No.52680003

>>52678256
think of it like an IOU, the link is locked in the chainlink staking contracts but we know that one day that it will be accessible
so sLINK (or whatever) will represent this LINK that can be accessed one day
you can use this as collateral in defi or can trade it for LINK on the open market. this as people trust the LinkPool's team contracts and auditing
https://www.coingecko.com/en/coins/lido-staked-ether
eg.
deposit 100 LINK into the contract and receive 100 sLINK, the value represented by sLINK will increase in time due to rewards accruing which will be fed by a chainlink oracle
while the value of sLINK may be higher than LINK (in terms of represented LINK), the market will likely value it differently due to smart contract risk + time until you can use sLINK to actually withdraw the represented LINK
>stETH token’s balances are updated when the oracle reports change in total stake every day.
>>52676515
yes, this is the big downside, if you're in a country with conservative tax treatment then this will be disposal, standard chainlink staking looks like it will be a simple deposit so you won't be hit by this

>> No.52680296

first official announcement
https://twitter.com/MatrixedLink/status/1598016866953220096
will be 10 more in next few days

>> No.52682356

>>52680296
based

>> No.52682568
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52682568

and another one
orion seems quite large.. they have 114k followers on twitter

>> No.52683226

this will be another one: https://twitter.com/DexTracNode/status/1596260071847383040
and they are always in top 5 performing nodes

>> No.52684305

>>52680003
Thanks man

>> No.52685428

>>52684305
would just add that this will be useful longer term as well as LINK will always to be locked for some duration for jobs as part of the service level agreement (SLA)
it's not just like this is an issue confined to staking v0.1

>> No.52685503
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52685503

>>52673828
I'm too low iq to understand what it going on in this thread but I have 80k link so giving you a bump