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Earn rewards for helping secure the Network

Staking represents a new era of cryptoeconomic security for the industry-standard oracle network.

Questions?

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What is Staking?

Staking v0.2 timeline

NOVEMBER 28, 2023
12PM ET

November 28, 2023
12PM ET

Priority Migration

v0.1 Stakers will have the opportunity to migrate their v0.1 stake and rewards.

December 7, 2023
12pm et
December 7, 2023
12pm et

Early Access

Those who qualify for early access have the opportunity to stake LINK.

December 11, 2023
12pm et
December 11, 2023
12pm et

General Access

Anyone can stake LINK until the Staking v0.2 Pool is full.

Why stake LINK?

Secure the Network

Staking helps improve the cryptoeconomic security of oracle networks, initially through alerts around predefined performance standards.

Earn rewards

Stakers gain access to staking rewards for securing the network through timely and valid alerts, and in the future, for slashing and loss protection.

Support the truth machine

Staking enables community members to play a key role in the Network and support a world powered by cryptographic truth.

Frequently asked questions

Staking Overview

Staking Overview

What is the v0.2 upgrade to Staking?

What is the v0.2 upgrade to Staking?

Building upon the foundation established by the Staking v0.1 release in December 2022, the v0.2 upgrade expands Staking into a fully modular, extensible, and upgradable Staking platform. This upgrade focuses on the following key goals:

  • Greater flexibility for Community and Node Operator Stakers by introducing a new unbonding mechanism for withdrawing staked LINK from Staking v0.2.
  • Improved security guarantees for oracle services secured by staking through the slashing of staked LINK from Node Operator Stakers.
  • Seamless future upgradability through the creation of a modular architecture that can support future improvements and addition, such as the expansion to more services. 
  • Dynamic rewards mechanism that supports new sources of staking rewards in the future, such as user fees, particularly as staking expands to secure more services.

For more information on the Staking v0.2 upgrade, read Introducing the Staking Platform and Check Your Eligibility for Staking v0.2.

When does Staking v0.2 launch?

When does Staking v0.2 launch?

Staking v0.2 will involve a three-phase launch sequence.

Phase 1: Priority Migration

On November 28, 2023 at 12PM ET, v0.1 stakers have the exclusive opportunity to migrate their v0.1 stake and accrued LINK rewards to v0.2 or withdraw. The Priority Migration period will last for nine days, where v0.1 stakers can choose to migrate all or a portion of their v0.1 stake and rewards. If choosing to migrate a portion, then all non-migrated v0.1 stake or rewards will be automatically withdrawn. If a v0.1 staker takes no action, then their staked LINK and rewards will remain in v0.1 and no longer earn additional rewards. 

Given that the v0.2 pool is larger than the v0.1 pool, and accounting for accrued rewards, v0.1 stakers have guaranteed access to v0.2 if they participate in the Priority Migration phase. Once the Priority Migration period ends, v0.1 stakers can still migrate or withdraw during Early Access and General Access; however, entry to v0.2 will not be guaranteed due to the capped pool size. 

Note that v0.1 stakers are only eligible to migrate an amount equal to the sum of their staked LINK and any LINK rewards accumulated in v0.1 during the Priority Migration phase. v0.1 stakers who want to stake more LINK, up to the per-address cap, have the opportunity during later entry periods. 

The Priority Migration period for v0.1 stakers was extended to nine days to provide additional time for existing v0.1 stakers to migrate their staked LINK and rewards to v0.2.

Phase 2: Early Access

After the Priority Migration period ends, on December 7, 2023 at 12PM ET, LINK token holders who meet at least one predefined criterion on the updated Early Access Eligibility List will have the opportunity to stake LINK in v0.2 up to a total of 15,000 LINK. Similar to the Early Access period during v0.1 launch, being on the eligibility list provides an opportunity to stake in v0.2 but does not serve as a guarantee of entry given the capped pool size. The Early Access entry period will last for four days. 

Similar to Priority Migration, the Early Access period for v0.1 stakers was extended to four days to provide additional time for eligible stakers to participate in Staking v0.2.

Community members can check their eligibility for the Early Access phase of Staking v0.2 at https://staking.chain.link/eligibility.  

Phase 3: General Access

After Early Access ends, on December 11, 2023 at 12PM ET, the v0.2 staking pool will open to General Access, at which point anyone will have the chance to stake up to the per-wallet maximum, provided that the v0.2 pool has not yet been filled. 

For more information on the launch of the Staking v0.2 upgrade, read Introducing the Staking Platform and Check Your Eligibility for Staking v0.2.

How can I check if I am eligible for Early Access?

How can I check if I am eligible for Early Access?

You can check your eligibility for the Priority Migration, Early Access, and General Access phases of v0.2 on https://staking.chain.link/eligibility

More information about the Early Access criteria can be found in this blog Check Your Eligibility for Staking v0.2.

Who can stake LINK?

Who can stake LINK?

ecosystem participants, including token holders and node operators, can stake their LINK and participate in securing the Network. Learn more about the v0.2 upgrade to Staking in the following blog Introducing the Staking Platform.

How much LINK can I stake?

How much LINK can I stake?

Community Stakers can stake a minimum of 1 LINK and up to a maximum of up to 15,000 LINK during Early Access and General Access on a per-address basis. Note that entry to v0.2 during these phases is not guaranteed due to the capped pool size. Node Operator Stakers can stake a minimum of 1,000 LINK and a maximum of up to 75,000 LINK.

More information can be found in the blog Introducing the Staking Platform.

Will my staked LINK in v0.1 be automatically migrated to v0.2?

Will my staked LINK in v0.1 be automatically migrated to v0.2?

No, the smart contracts for Staking v0.1 and v0.2 are non-custodial by design, meaning no entity other than the staker themselves can withdraw or migrate their staked LINK from one version to the next. v0.1 stakers will need to provide explicit approval to migrate their staked LINK and/or rewards to v0.2 by signing an onchain transaction.

More information can be found in the blog Introducing the Staking Platform.

How large is the pool size in v0.2?

How large is the pool size in v0.2?

Staking v0.2 features an expanded total pool size of 45,000,000 LINK to increase the accessibility of Staking to a more diverse audience of LINK token holders. The pool size represents an 80% increase from the pool cap of v0.1 and would account for over 8% of the current circulating supply of LINK. The capped 45,000,000 LINK pool will consist of a 40,875,000 LINK allotment for community members, with the remainder allocated to node operators currently servicing Data Feeds.

The expanded pool size of v0.2 reflects the goal of increasing the security guarantees and user assurances provided around in-scope oracle services over time, while maintaining a security-conscious approach to the expansion of Staking. Furthermore, the capped pool size also supports the network’s economic sustainability before new sources of staking rewards, such as user fee rewards, are made available to LINK stakers. Over time, the pool size cap is expected to increase, particularly as Staking continues to evolve to support additional services.

More information can be found in the blog Introducing the Staking Platform.

How do staking rewards work in v0.2?

How do staking rewards work in v0.2?

The reward rate calculation for v0.2 has been rearchitected to incentivize a fully-filled Staking pool and improve support for new sources of staking rewards in the future (e.g., user fees). While v0.1 has a fixed reward rate (i.e., a single rate for all Community Stakers regardless of pool fill rate), v0.2 introduces a variable reward rate. 

The variable reward rate results from the fact that a fixed amount of rewards in total are made available to all stakers proportionately per unit of time, regardless of how much aggregate LINK is staked in the pool. Therefore, stakers won’t have a fixed reward rate, but rather the rate of reward will be variable based on how full the pool is and the amount of rewards made available per unit of time (creating an effective floor rate at a specific pool size limit and fixed reward amount). If the pool isn’t full, the same amount of rewards will be made available proportionately to a reduced number of stakers, resulting in a higher reward rate, and vice versa.

This change in reward rate calculation was required given that the source of rewards in Staking in the future is expected to increasingly shift towards being derived from external sources of rewards (e.g. user fees), which may be a variable amount. 

More information can be found in the blog Introducing the Staking Platform.

Can I stake more LINK during Priority Migration?

Can I stake more LINK during Priority Migration?

v0.1 stakers are only eligible to migrate an amount equal to the sum of their staked LINK and any LINK rewards accumulated in v0.1 during the Priority Migration phase. v0.1 stakers who want to stake more LINK have the opportunity during later entry periods, provided the pool has not yet been filled. 

Note that all existing v0.1 stakers will be automatically eligible for Early Access due to their participation in prior versions of Staking, where additional LINK can be staked up to the new per-staker maximum of 15,000 LINK. For example, a v0.1 staker who migrates 7,000 staked LINK and 300 LINK in earned rewards to v0.2 then has the opportunity to stake up to an additional 7,700 LINK for a total of 15,000 LINK during the Early or General Access periods.

Can I withdraw my staked LINK in v0.2?

Can I withdraw my staked LINK in v0.2?

At any point in time, stakers can initiate a withdrawal of their staked LINK from v0.2, which begins a multi-week cooldown period. Once the cooldown period is complete, a multi-day claim window begins where staked LINK can be withdrawn. If the staked LINK is not withdrawn during the claim window, the LINK automatically re-enters v0.2. Therefore, if a staker changes their mind after initiating a withdrawal of their staked LINK, they do not have to take any action. 

Staked LINK continues to accrue rewards during both the cooldown and claim window periods, up until any staked LINK is withdrawn. Note that withdrawing staked LINK via the unbonding mechanism may incur penalties on accrued rewards, depending on how long a staker has participated in v0.2. 

The unbonding mechanism plays a key role in the security assurances provided with Staking, namely by supporting the stability of the staking pool over extended periods of time and ensuring that there will be a sufficient amount of staked LINK available in the system to be slashed if a valid alert is raised (i.e., preventing withdraws before slashing can occur).  

More information can be found in the blog Introducing the Staking Platform.

Are there penalties for withdrawing my staked LINK in v0.2?

Are there penalties for withdrawing my staked LINK in v0.2?

Withdrawing staked LINK via the unbonding mechanism may incur penalties on accrued rewards, depending on how long a staker has participated in v0.2.

Attributed Rewards are earned by stakers during their participation in staking, which are composed of Claimable Rewards and Locked Rewards. Claimable Rewards can be withdrawn by stakers at any time without penalty. Locked Rewards turn into Claimable Rewards over a period of time known as the ramp-up period. The ramp-up period is a multi-week period, tracked individually for each staker, that starts at 0% when a staker first stakes and linearly increases to 100% of the possible reward rate. The percentage of claimable Attributed Rewards is proportional to the amount of time spent in the ramp-up period.

For example, if a staker has progressed through 50% of their ramp-up period, then 50% of their Attributed Rewards become available as Claimable Rewards. After a staker has progressed through 100% of their ramp-up period, all previously earned Attributable Rewards are made available as Claimable Rewards, while any additional Attributable Rewards earned moving forward will automatically take the form of Claimable Rewards.

If a staker completes a withdrawal of any amount of their staked LINK, their ramp-up period will reset to 0% and any Locked Rewards earned will be forfeited back to the rewards pool and become available for all stakers in the same category (i.e., a Community Staker’s Forfeited Rewards can then be earned by all Community Stakers). After a withdrawal of staked LINK, a staker will need to go through the full ramp-up period again in order for Attributed Rewards to fully turn into Claimable Rewards. 

Note that Claimable Rewards can be withdrawn at any point in time by a staker without resetting their ramp-up period progress. For Node Operator Stakers, the ramp-up period only applies to the base rewards on their staked LINK, but not for auto-delegation rewards from Community Stakers. 

More information can be found in the blog Introducing the Staking Platform.

Are the penalties for withdrawing rewards from v0.2?

Are the penalties for withdrawing rewards from v0.2?

No, Claimable Rewards can be withdrawn at any point in time by a staker without resetting their ramp-up period progress. For Node Operator Stakers, the ramp-up period only applies to the base rewards on their staked LINK, but not for auto-delegation rewards from Community Stakers. 

More information can be found in the blog Introducing the Staking Platform.

Staking Functionality

Staking Functionality

How do I stake my LINK?

How do I stake my LINK?

Token holders will be able to stake their LINK using the staking.chain.link webpage.

In order to stake LINK, you’ll need to have LINK tokens on Ethereum in a self-custodial wallet, where you can connect to Staking v0.2’s frontend interface using a Web3 wallet such as MetaMask. Your wallet will also need to contain ETH to pay for Ethereum network transaction fees.

Here's a video tutorial showing you how to self-custody crypto, and another on how to connect your hardware wallet to MetaMask.

If I hold LINK tokens in a hardware wallet, how can I stake?

If I hold LINK tokens in a hardware wallet, how can I stake?

Many Web3 wallets, such as MetaMask, allow you to connect to hardware wallets as an additional layer of security. Refer to the official support documentation of your Web3 wallet and hardware wallet providers for best practices around using wallets in tandem. 

Here's a video demonstrating how you can connect your Ledger or Trezor hardware wallet to MetaMask to stake LINK.  

If you have any additional questions, please follow up with your hardware wallet manufacturer.

Which Web3 wallets are supported for staking LINK?

Which Web3 wallets are supported for staking LINK?

Staking currently supports widely-used Web3 wallets including MetaMask, Coinbase Wallet, and WalletConnect-enabled wallets. Smart contract wallets are also supported. Refer to the official support documentation of the above Web3 wallet providers for more information on connecting to Web3-enabled websites.

Why doesn’t MetaMask work on Brave Browser?

Why doesn’t MetaMask work on Brave Browser?

The Brave Wallet in the Brave web browser may conflict with the MetaMask browser extension, if installed. In order to resolve this issue when using MetaMask on Brave, the Brave Wallet must be disabled or a different web browser must be used.

Is Staking Proof of Stake?

Is Staking Proof of Stake?

No, Proof of Stake is a consensus mechanism used by some blockchain networks to validate blocks of transactions. Staking within decentralized oracle networks aims to achieve a fundamentally different goal from staking within blockchains—that is, the creation of reliable and tamper-resistant oracle reports that accurately reflect the state of the external world. 

More information can be found in the blog Introducing the Staking Platform and Blockchains and Oracles: Similarities, Differences, and Synergies.

What is the utility of Staking in v0.2?

What is the utility of Staking in v0.2?

Staking is a core initiative of Economics 2.0 that brings a new layer of cryptoeconomic security to the Network. Staking enables ecosystem participants, such as node operators and community members, to back the performance of oracle services with staked LINK and earn rewards for helping secure the network.

In v0.2, Community Stakers can raise alerts regarding the performance of oracle services secured by Staking. v0.2 will launch with support for the ETH/USD Data Feed on Ethereum, where valid alerts can be raised by Community Stakers if there’s been more than three hours of downtime, with 20 minutes priority for alerting by Node Operator Stakers. Future iterative upgrades to Staking can include the expansion of Staking to secure additional oracle services (e.g., CCIP) by adding new alerting conditions modules. 

More information can be found in the blog Introducing the Staking Platform.

Does staking require an onchain transaction?

Does staking require an onchain transaction?

Staking in v0.2 will require an onchain transaction on Ethereum mainnet. Users should be aware of the dynamics around blockchain network resource availability.

On which blockchain can I stake LINK?

On which blockchain can I stake LINK?

Staking v0.2 will support the staking of LINK on Ethereum mainnet.

Security

Security

Can my staked LINK be slashed?

Can my staked LINK be slashed?

The v0.2 upgrade to Staking offers increased cryptoeconomic security by supporting the ability to slash a portion of staked LINK by Node Operator Stakers who help power oracle services secured by Staking. When a valid alert is raised and a slashing condition is met, these Node Operator Stakers will see a portion of their staked LINK slashed as a penalty for failing to meet performance requirements. 

Over time, the conditions around alerting and slashing amounts are expected to evolve, particularly as Staking expands to support more oracle services. In v0.2, Community Stakers will not be at risk of slashing, with such a change requiring a migration to a new Staking version. Additionally, Node Operator Stakers only serving oracle services not secured by staking will not be at risk of slashing. 

More information can be found in the blog Introducing the Staking Platform.

Are the contracts audited?

Are the contracts audited?

The Staking v0.2 smart contracts have undergone multiple audits from a number of independent and industry-leading auditors. The codebase also underwent a time-limited competitive audit program on the Code4rena platform.

Is Staking v0.2 non-custodial?

Is Staking v0.2 non-custodial?

Yes, the Staking smart contracts in v0.2 will remain non-custodial, meaning stakers always have complete control over their staked LINK, which cannot be withdrawn by any other entity. Any future migration from v0.2 to a new Staking version will continue to involve a manual migration from stakers, similar to v0.1.

Can the v0.2 contracts be upgraded?

Can the v0.2 contracts be upgraded?

For any iterative upgrade to the modular Staking v0.2 codebase that materially impacts stakers, such as the modification of slashing conditions, upgrades will be announced proactively such that stakers can choose to initiate and complete a withdrawal of their staked LINK before the upgrade is completed onchain. 

As an additional security measure, all onchain security-critical configuration changes and upgrades to Staking v0.2 must pass through a timelock smart contract featuring a time delay of up to a few weeks, with critical configuration changes taking the longest (longer than the unbonding period). This timelock mechanism allows the community to review and choose to opt out of such changes before they are implemented onchain. Only emergency functions that are designed to protect stakers and certain ministerial functions, such as adding rewards, can be called without a time delay. However no configuration changes or upgrades can be deployed without going through the timelock.

What is the official URL for Staking?

What is the official URL for Staking?

The official webpage to stake LINK will be located at staking.chain.link

Make sure to bookmark this page and verify the URL when v0.2 launches to help protect yourself against spoofing and phishing websites. Additional security best practices for crypto from the Ethereum Foundation can be found here.

Staking v0.1 (legacy)

Staking v0.1 (legacy)

When can I withdraw from v0.1?

When can I withdraw from v0.1?

Upon the launch of v0.2 Priority Migration on November 28, 2023 at 12PM ET, v0.1 stakers will have the ability to migrate all or a portion of their v0.1 staked LINK and rewards to v0.2 or withdraw to their own wallets. Note that stakers who withdraw their staked LINK from v0.1 do not need to go through a cooldown period, as the unbonding mechanism is a new feature introduced in v0.2. 

Given that the v0.2 pool is larger than the v0.1 pool, and accounting for accrued rewards, v0.1 stakers have guaranteed access to v0.2 if they participate in the Priority Migration phase. Once the Priority Migration period ends, v0.1 stakers can still migrate or withdraw during Early Access and General Access; however, entry to v0.2 will not be guaranteed due to the capped pool size.

How do I migrate my v0.1 staked LINK from v0.2?

How do I migrate my v0.1 staked LINK from v0.2?

On November 28, 2023 at 12PM ET, v0.1 stakers have the exclusive opportunity to migrate their v0.1 stake and accrued LINK rewards to v0.2 or withdraw. The Priority Migration period will last for nine days, where v0.1 stakers can choose to migrate all or a portion of their v0.1 stake and rewards. Once the Priority Migration period ends, v0.1 stakers can still migrate or withdraw during Early Access and General Access; however, entry to v0.2 will not be guaranteed due to the capped pool size. Migration will take place on staking.chain.link

More information can be found in the blog Introducing the Staking Platform.

What happens to my v0.1 staked LINK if I do not migrate to v0.2?

What happens to my v0.1 staked LINK if I do not migrate to v0.2?

Staking v0.1 will become inactive upon the launch of v0.2 and will no longer emit rewards. Stakers in v0.1 can choose to migrate or withdraw their v0.1 staked LINK and rewards at any point in time after the launch of v0.2, however, access to v0.2 won’t be guaranteed after the Priority Migration Period ends. 

Note that the smart contracts for Staking v0.1 and v0.2 are non-custodial by design, meaning no entity other than the staker themselves can withdraw or migrate their LINK. v0.1 stakers will need to provide explicit approval to migrate or withdraw their staked v0.1 LINK and rewards by signing an onchain transaction.

Can I use Etherscan to withdraw from v0.1?

Can I use Etherscan to withdraw from v0.1?

The staking.chain.link website provides a trusted interface for stakers to interact with smart contracts associated with Staking v0.1 and v0.2. However, as an alternative choice, this guide describes how to interact with the Staking v0.1 protocol on Ethereum mainnet directly against the contract or through Etherscan. 

In short, when the unstaking conditions for v0.1 have been met (i.e. v0.2 has launched), unstaking from v0.1 can be done by going to the writeContract commands at https://etherscan.io/address/0x3feB1e09b4bb0E7f0387CeE092a52e85797ab889#writeContract and calling "19. Unstake"

Disclaimer: The v0.2 Staking platform remains in “beta”. This post is for informational purposes only. Eligibility for Early Access does not guarantee your participation in the Staking program. There is no guarantee any of the contemplated features of Staking will be implemented as specified. There can be no assurance that actual results will not differ materially from those expressed in these statements, although we believe them to be based on reasonable assumptions. All statements are valid only as of the date first posted. These statements may not reflect future developments due to user feedback or later events and we may not update this post in response.

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