Chainlink’s long-awaited staking protocol “Staking v0.2” was met with immense success after reaching a 19.5 million LINK, roughly $170 million capacity just 7 hours after the opening.
According to Chainlink site, a total of 40.8 million LINK tokens worth an estimated $632 million were staked by eligible users during this initial phase.
The sudden influx indicates strong interest in Chainlink’s v0.2 infrastructure upgrades, which is part of the protocol’s move towards Economic 2.0.
Chainlink had originally set a limit of 25 million LINK for staking pools in the v0.1 iteration, but raised it to 45 million LINK in v0.2 to accommodate demand.
Now with the cap reached, Chainlink has announced that general access staking will open on Dec. 11th, allowing anyone to stake up to 15,000 LINK.
This staking upgrade expands Chainlink’s ecosystem to new users and rewards on-chain participation.
The price of LINK surged over 12% on Dec. 8th when early access was announced, with the token trading around $16.87 on Coingecko at time of writing.
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