SDL, a brand-new protocol token, and stake.link, a first-of-its-kind liquid delegated staking protocol for the Chainlink Network, were both announced by LinkPool, the leading ecosystem developer and node services provider for the Chainlink Ecosystem.

Chainlink node operators 01Node, ChainLayer, CryptoManufactur, Framework Ventures, Inotel, LinkForest, LinkRiver, Matrixed.Link, Mycelium, Orion, Simply Staking, stakefish, Stakin, and Tiingo are the other founding members of stake.link in addition to LinkPool. Top Chainlink node operators are excited to announce that Chainlink Labs will become the first participant in the Ecosystem Participant Initiative and join the stake.link DAO.

On top of Chainlink Staking, the DeFi protocol known as stake.link enables users and node operators to issue collateral to specific nodes and the entire network. Users receive the liquid staking receipt token stLINK in exchange, and this token will serve as the main building block for DeFi composability for Chainlink Staking and the ecosystems that it protects. The protocol boosts network security and increases the usability of staked assets.

Source: Prnewswire