stake.link Enhances Chainlink Staking Program With New Features

A significant expansion to its upcoming staking programme has been announced by the delegated liquid staking protocol stake.link. The introduction of a number of new features and improvements will support stake.link’s status as the leading Chainlink staking solution.

The new features made public by stake.link are intended to benefit from Chainlink Staking’s v0.2, the version that will go live in Q4. The Priority Pool is a feature that has been created by stake.link among other modifications. Users will be able to stake LINK using a smooth and highly effective approach before Chainlink increases its capacity from 25 million to 45 million tokens. For depositors, the priority pool automates LINK staking, resulting in a “set and forget” staking experience.

Furthermore, according to a statement from stake.link, the company will migrate its stSDL (staked SDL) receipt tokens to reSDL (reward escrow SDL), an NFT version of the SDL token. This will be done with the intention of encouraging long-term platform involvement by raising 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 released in three stages. Less than 20M LINK may be available for deposit after phase three begins, when the LINK from the stake.link priority pool will be staked against the community pool. Therefore, while staking in the priority pool, LINK owned by holders of reSDL will be given preference over LINK held by non-holders of reSDL.

Stake.link has also revealed that it would soon introduce “SergAI,” a chatbot powered by AI.  SergAI will provide answers to queries on issues like liquid staking thresholds, the priority pool, and how receipt tokens work as a subject matter expert on all things Chainlink and stake.link.