LinkPool | Stake.Link

Transition to Stake.Link and SDL

Stake.Link, a liquid staking platform built on Chainlink Economics 2.0, represents a broader vision beyond LinkPool, aiming to be a definitive protocol for Chainlink staking. The transition from LPL to Stake.Link’s platform token, SDL, marks a strategic shift. SDL performs key functions like enabling governance, facilitating reward distribution, and offering priority staking access. The migration ratio from LPL to SDL is 1:0.5, with specific vesting schedules for the LinkPool team and community holders. SDL also plays a pivotal role in the governance and operational aspects of the Stake.Link platform.

Challenges and Community Engagement

LinkPool’s journey has not been without challenges. Financial reviews and market conditions led to critical decisions like deprecating the LPL token for business sustainability. This decision, alongside the launch of stake.link and associated changes in tokenomics, received mixed reactions from the community. In response, LinkPool is committed to increasing transparency, providing detailed documentation, and proposing changes based on community feedback, including a Community SDL Airdrop and protocol modifications.

Future Directions and Collaborations

LinkPool continues to innovate and expand its contributions to the Web3 space. It announced support for the Decentralized Infrastructure Network (DIN) in late 2023, bringing its expertise in decentralized RPC solutions. Furthermore, LinkPool’s brand evolution, including a strategic shift in services and focus, signifies its commitment to shaping the Web3 ecosystem and facilitating the integration of a Web3-integrated global economy.