Chainlink will launch v0.1 of staking requiring 25 then 75mm link for the securing of the ETH/USD feed.
This will then continue to other feeds until each feed is adequately collateralized proportionally to how much value it secures.
However
The major supply side push for staking will not be from data feeds, but rather from CCIP.
Look at picrelated from early descriptions of CCIP and compare to the next post. The major difference is where value must exist for security assumptions.
based
Eric schmidt looks like a devil trying to hide inside a kind old man
up to 5% percent interest just for 1 (one) price feed in the middle of a damn bear market
just think for a second what happens when it's thousands of feeds in a bull market. not even counting for any additional network effects
I don't fucking care anymore. How many more years until this shit makes me rich with my 3k stack?
The risks of a cross chain protocol are many:
- The incoming chain can have issues
- The bridge can have issues
- The antifraud network can have issues
- The recipient chain can have issues
Only two of those issues are addressable by the DON providing the cross chain bridge.
And most importantly, the bridge DON can't really do anything to protect one chain from misbehavior of the other, it simply can prove that it did or did not receive a message/payment and that it was or was not successfully transmitted.
Whether that message was right from the originating chain or whether the recipient chain did the correct thing is out of the oracle network's control.
Patience is a virtue
Sorry user yu will never make it off a 3k link baby stack.
The link token is not meant for you to hodl and hope for the price to moon. It is a utility token.
Unless you are a bank or a node op you literaly have no reason to hold link. You are emotionally attached to this fat fuck called Sirgay for some reason, but fat fuck does not care about your financial well being.
The final responsible arbiter is then the anti-fraud network.
It must be hyperreliable to stop the protocol if actions are detected on either chain or on the bridge DON that warrant stoppage. And if it fails, the theoretic potential losses are equivalent to the total value secured by the bridged chains.
In order to properly secure such a network, the amount staked within the security model of the antifraud network should be at least a large portion of the value of the chains being linked. Practically this is somewhat mitigated through quadratic staking, but the amount needed to bridge a 100mm asset pool across two chains should be in that same ballpark.
Note also that CCIP bridges have effectively no additional marginal overhead for the DONs participating. It is in their interest to be participants in as many as possible because the revenue is pure profit as no data APIs need to be purchased and no heavy computation like asics are needed.
This is also why CCIP requires staking to be live to make sense.
Once CCIP antifraud networks start staking link, there will be an extreme supply side crunch for link tokens that will not stop until the vast majority of CCIP bridges are staked. This is why everyone who has real knowledge of node dynamics sees 95%+ of link being staked.
The psychology of markets is such that people don't believe things can happen outside of what they've seen until it actually happens. They then start re framing the world, become euphoric and have parabolic blowoffs and crashes.
The 2017 euphoria for ETH is thought to be the model for rapid growth utility assets, but the tokenomics of ETH are supply side use from one source that is inconstant. Link will experience continuous increasing demand from node payments alongside continuous increasing demand from staking on data feeds alongside continuous increasing demand from CCIP. At the same time the link token will experience increased investor demand from generating passive income.
...of the poor.
ok so?
Theory: most of the chains that CCIP bridges together will be private corporate networks. There will essentially remain one single settlement layer, probably Ethereum, but even that will be heavily enhanced by various other chainlink capabilities. Agree or disagree? I think 99% of crypto will die before it even had a chance to walk. Such is Chainlink's complete dominance at this point.
tl;dr
just buy lpl and matic
The decentralized space has never experienced a combined multifaceted single asset supply crunch at the same time as that asset increases demand through passive income. In an asset that offers passive income this generally results in one outcome: extreme price action that vastly outstrips appropriate valuation based on revenue and an eventual bubble. This bubble, for the above reasons, will be at least one order of magnitude greater than what was seen with eth in 2017.
Expect the following:
- Within the next year link above 300 with retail level staking yields through established nodes of 2-3%, 5-8% for new nodes looking to build reputation
- Within the next three years link topping out between 4,000 and 12,000 with retail yields under 1%
- Once the retail yield of link stays under 1% for 3 months, consider selling some as a significant drop of over 80% will occur
- The market will then mature with data based multivariate models and will grow at rates similar to f500 indices while also offering low (1-3%), predictable yields
I'm so sick of reading about this shit. Sirgay needs to have his head shoved in a toilet every single day until they release a working product.
Actually i think ill expect sub $10 prices, continued non-delivery, more team bloat. I like to base my expectations on reality.
source of your pasta please?
>you have no reason to hold link
Until staking.. Better to buy link when the token isn't needed compared to when it is very needed
Link will go up again eventually, but there's no possible way you can know that it will hit $300 within a year. Staking may not even be released until December 31st. CCIP may not even come out next year. I want hopium as much as the next person, but stop with the 2 more weeks bullshit.
where should the demand for all that come from? The bubble has bursted it will take 2 years to restore faith alongside negative macro trends.
What else do you hold?
Is it true that only early ICO investors wiol be able to stake and late investors are fucked?
If yes, why are you hyped about that when it's crystal clear that mainly sirgays friends will be able to have a seat on that table, while the majority of early investors will be too slow to stake
Why don’t you sell then, angry bag holder? :)