Decentralized Oracle Protocol chain link announced the launch of its long-awaited staking rewards programs, SCALE and BUILD.
The program Economics 2.0 plan Introduce staking to secure the network and reward participants.
Chainlink SCALE program
Sustainable chainlink access for layer 1 and 2 enablement (SCALE) program is part of Chainlink’s Economics 2.0 initiative designed to enhance the long-term usability and sustainability of Oracle services.
Chainlink SCALE is designed to reduce the cost of operating Oracle data by splitting costs between project node operators and dApp users.
Participating projects will contribute a portion of the proceeds in LINK to cover transaction fees for the Chainlink Oracle Network.
In exchange, Chainlink will unlock advanced oracle features and solutions for your project. Developers can fine-tune the configuration to suit the needs of their ecosystem, including data feeds for more frequent updates.
Chainlink will work with Avalanche, Metis, Moonbeam and Moonriver networks in the first iteration of the SCALE program.
BUILD program
The BUILD program is launch As part of Chainlink staking aimed at early-stage established projects.
Leveraging the Chainlink Effect, new projects can access Chainlink’s services, technical support, and growing community to accelerate their growth.
Participating projects stake network fees on Chainlink’s native LINK token to provide incentives to network participants such as stakers.
To kickstart the program, space and time, truffleWhen bit crunch— confirmed your participation.
The initial staking pool is limited to 25 million LINK tokens and will be expanded to 75 million in the next iteration.
Projects in the BUILD program can deploy a custom data feed DON, get priority access to Chainlink upgrades, and enhance the cryptoeconomic security of their network.
At press time, Chainlink’s native LINK token is up 0.74% since the announcement was made public.
