Blockchain oracle provider Chainlink is preparing to launch staking on the Ethereum network. It is part of a long-term sustainable economic program for the blockchain network.

On Dec. 1, Chainlink provided an update on its staking initiatives. Additionally, the oracle provider confirmed that staking would go live on the Ethereum mainnet on Dec. 6.

Chainlink staking was originally on a 12-24 month lockup period. However, the team has discussed it with the community and node operators. The outcome is a more rapid iteration with more frequent releases. Each release will have a “condensed scope focusing on key features,” it added.

(By Martin Young)