Chainlink

Chainlink is a decentralized network of oracles that enables smart contracts to securely interact with real-world data and services that exist outside of blockchain networks. With Chainlink, the traditional systems that currently power modern economies can connect to the emerging blockchain industry to generate more security, efficiency and transparency in business and social processes.

Staking Guide & Instructions

Stake your LINK tokens in a few clicks by following these steps:

The easiest way to stake LINK is via MetaMask.

• ‍Head over to stake.link
  
• ‍Click on ''Stake LINK''.
• Enter the amount you want to delegate.
• Click on “Stake LINK”.
• Remember to keep some ETH available to pay for transaction fees.
• Click “Stake LINK” and then click “approve” to approve the transaction.

Useful info about staking

• The Chainlink Networks native token, LINK, is used to stake and secure the Chainlink Price Feeds.
• Staking is instant. You will receive an equivalent amount of StLINK. The StLink token can be used to participate in DeFi.
• A portion of your staked LINK can be slashed. If a new oracle report has not been submitted on-chain for more than three hours since the previous on-chain update; stakers can raise a valid alert on a data feed. A valid alert rewards the staker with 7000 LINK and slashed the rewards of the malfunctioning oracle.
• Your potential rewards depend upon validator performance and reputation.
• The new issuance ("inflation") rate is around 5% of the total staked supply.

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