Staking: Difference between revisions
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Staking v0.1 serves as the first release of an explicit cryptoeconomic security system where Chainlink DONs are backed by staked LINK. The initial v0.1 release is an early-stage beta which will set the foundation for future staking implementations by introducing a more decentralized and public alerting system, which is planned to be supplemented in the future with additional functionalities for increased security assurances. More information on the evolution of Chainlink staking can be found in this blog post.<ref name="FAQs">https://chain.link/economics/staking#faq</ref>--[[User:Reggie|Reggie]] ([[User talk:Reggie|talk]]) 03:57, 12 October 2022 (UTC) | |||
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Latest revision as of 03:57, 12 October 2022
Staking Discussion Page
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Welcome to the talk page for discussing improvements to the Staking Page. Talk pages (also known as discussion pages) are Wiki administration pages where editors/contributors discuss improvements that can be made to an article. NOTE: Discussion pages are not a forum for general discussion of the article's subject. When you post a message on a talk page, you should always sign and date your comment so that other editors can follow the thread of the conversation. To do this, either type four tildes (~) at the end of your comment or just click the signature button on the row of buttons above the edit box. |
Staking v0.1 serves as the first release of an explicit cryptoeconomic security system where Chainlink DONs are backed by staked LINK. The initial v0.1 release is an early-stage beta which will set the foundation for future staking implementations by introducing a more decentralized and public alerting system, which is planned to be supplemented in the future with additional functionalities for increased security assurances. More information on the evolution of Chainlink staking can be found in this blog post.[1]--Reggie (talk) 03:57, 12 October 2022 (UTC)
How staking will work at a high level is as follows:
Nodes will have to stake $ LINK via 2 deposits (more on the difference further below)
If an oracle network reports a value that deviates outside of the service level agreement (SLA) it can be reported.
This report is then raised to a second-tier adjudicator that decides whether or not the value provided did break the SLA.
If an oracle network is found to have broke the SLA, then the $ LINK staked by all nodes/delegators in that network will be slashed as punishment.
Nodes that behave, will be rewarded in $LINK for staking and securing Chainlink services.