{"id":264834,"date":"2022-09-28T20:24:19","date_gmt":"2022-09-28T19:24:19","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=264834"},"modified":"2022-09-28T20:24:19","modified_gmt":"2022-09-28T19:24:19","slug":"chainlink-launches-economics-2-0-staking-programs","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/chainlink-launches-economics-2-0-staking-programs\/","title":{"rendered":"Chainlink launches Economics 2.0 staking programs"},"content":{"rendered":"<p>Decentralized oracle protocol <a href=\"https:\/\/chain.link\/\">Chainlink<\/a> has announced the launch of its long-awaited staking reward programs- the SCALE and BUILD.<\/p>\n<p>The programs are part of the <a href=\"https:\/\/chain.link\/economics\">Economics 2.0 plan<\/a> to secure the network and reward participants by introducing staking.<\/p>\n<h2>Chainlink SCALE Program<\/h2>\n<p>The Sustainable Chainlink Access for Layer 1 and 2 Enablement <a href=\"https:\/\/blog.chain.link\/chainlink-scale-program\/\">(SCALE) program<\/a> is part of Chainlink's Economics 2.0 initiatives designed to enhance the long-term utility and sustainability of its oracle services.<\/p>\n<p>Chainlink SCALE was designed to reduce the operational cost of running oracle data by splitting costs among project node operators and dApp users.<\/p>\n<p>The participating projects will offer a portion of their revenue in LINK to cover transaction fees of Chainlink oracle networks.<\/p>\n<p>In exchange, Chainlink will unlock advanced oracle features and solutions for the projects. Developers can get access to tweak the configurations to suit their ecosystem needs, such as Data Feed for higher update frequencies.<\/p>\n<p>Chainlink will work with Avalanche, Metis, Moonbeam, and Moonriver networks on the first iteration of the SCALE program.<\/p>\n<h2>The BUILD program<\/h2>\n<p>The BUILD program was <a href=\"https:\/\/blog.chain.link\/chainlink-build-program\/?_ga=2.40165802.940971924.1664379995-1571104125.1664379995\">launched<\/a> as part of Chainlink staking targeted at early-stage and established projects.<\/p>\n<p>Leveraging the Chainlink effect, new projects can get access to Chainlink's services, technical support, and growing community to accelerate their growth.<\/p>\n<p>Participating projects stake their network fees in Chainlink's native LINK token to provide incentives for network participants like stakers.<\/p>\n<p>To kickstart the program, <a href=\"https:\/\/www.spaceandtime.io\/blog\/chainlink-build-program\" target=\"_blank\" rel=\"noopener\">Space and Time<\/a>,\u00a0<a href=\"https:\/\/www.truflation.com\/blog\/truflation-joins-chainlink-build-program\" target=\"_blank\" rel=\"noopener\">Truflation<\/a>, and\u00a0<a href=\"https:\/\/bitscrunch.com\/blogs\/bitscrunch-x-chainlink\" target=\"_blank\" rel=\"noopener\">bitsCrunch<\/a>\u2014have confirmed their participation.<\/p>\n<p>The initial staking pool has been capped at 25 million LINK tokens with plans to expand it to 75 million in the next iteration.<\/p>\n<p>Projects on the BUILD program will be able to deploy custom Data Feed DONs, get priority access to Chainlink upgrades, and bolster the cryptoeconomic security of the network.<\/p>\n<p>As of press time, Chainlink's native <a href=\"https:\/\/cryptoslate.com\/coins\/chainlink\/\">LINK<\/a> token is up 0.74% since the announcement went live.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Decentralized oracle protocol Chainlink has announced the launch of its long-awaited staking reward programs- the SCALE and BUILD. The programs are part of the Economics 2.0 plan to secure the network and reward participants by introducing staking. Chainlink SCALE Program The Sustainable Chainlink Access for Layer 1 and 2 Enablement (SCALE) program is part of [&hellip;]<\/p>\n","protected":false},"author":1378,"featured_media":210841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,77923,76736],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chainlink launches Economics 2.0 staking programs<\/title>\n<meta name=\"description\" content=\"The SCALE and BUILD programs are part of the Economics 2.0 plan to secure the network and reward participants by introducing staking.\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/chainlink-launches-economics-2-0-staking-programs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink launches Economics 2.0 staking programs\" \/>\n<meta property=\"og:description\" content=\"The SCALE and BUILD programs are part of the Economics 2.0 plan to secure the network and reward participants by introducing staking.\u00a0\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/chainlink-launches-economics-2-0-staking-programs\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-28T19:24:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/01\/chainlink-growth.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Nwobodo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Nwobodo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/chainlink-launches-economics-2-0-staking-programs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/chainlink-launches-economics-2-0-staking-programs\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#person\",\"name\":\"Christian Nwobodo\",\"url\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/christian-nwobodo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/chriscen-author-300x300.jpg\",\"caption\":\"Christian Nwobodo\"},\"jobTitle\":\"Journalist\",\"description\":\"Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. 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