Why do all of you think you will make money once staking for Chainlink is released? You realize that staking for Chainlink simply means that nodes are putting a penalty deposit to guarantee the veracity of their data?
So let me ask you, are you running a node? No? Then, how will staking help you?
If you are running a node, how does staking help you? It actually doesn't directly, it can hurt you because you might lose your penalty deposit. That said, it is true that nodes offering higher stakes might receive more jobs.
Regardless, I have no idea why most people here think they're suddenly going to make passive income once staking is released. B-b-but what about Staked.us you might ask? As far as I know this is just the equivalent of lending out your LINK for yield farming - why aren't you doing that now if you want passive income?
So far the only actual beneficiaries of staking will be LP token holders as far as I can see it.
>Regardless, I have no idea why most people here think they're suddenly going to make passive income once staking is released. B-b-but what about Staked.us you might ask? As far as I know this is just the equivalent of lending out your LINK for yield farming - why aren't you doing that now if you want passive income? Because the demand for staked links on a node operators platform will be greater
Jackson Cruz
>Why do all of you think you will make money once staking for Chainlink is released? Why are you INCAPABLE OF DOING RESEARCH
Oh wait it's cause you're a retarded faggot, how could I forget.
Levi Stewart
If you held as many linkies as we do you'd understand.
Asher Jones
spoonfeed me, the post
Nathan Baker
No really you actually don't understand. I'm not even looking to be spoonfed. Staking will not affect anyone not running a node unless some others LinkPool type pooling systems are built. Even at that point the other pooling systems talked about are not actually running nodes and splitting profits they seem to just be lending out your LINK, which you could do right now if you wanted to (so why don't you?).
A high iq play is to own 1 linkpool per 10k link so you can stake it all. Also dumb to think major CEXs won't have staking options. You think Coinbase won't let you stake link for a 33 percent cut and print money ad infinitum off the never sellers?
Noah Sullivan
pools + even if you don't hold lp you'll be able to use it just without priority
Jacob Evans
Yes I agree, LP did stake 10K+ so you could even go a bit more conservative and say 12.5K per etc.
Coinbase etc. will likely eventually have staking options, but your best bet is to stake immediately and I doubt they will let you immediately. As well, it's not clear if they will let you maintain custody of your LINK whereas LP will let you maintain custody - do you feel like trusting a CEX with your LINK? If so, then do it now, you can lend it to Binance currently and get a return.
Yeah, the main concern will be that there won't be demand for borrowing LINK from the node operator's side. Heck, the current APY for borrowing LINK on Aave is below 1%. So let's say the node operators would just borrow LINK from Aave so they could do additional jobs. As long as the rate on Aave remains low, there will not be any demand to create a free to join pool. The only way, at the beginning at least, is to buy a share into a node like the whole Linkpool share thing so the profits would be shared just by the node share holders. Free link pooling would start when taking in more link would benefit the linkpool node share holders. Otherwise you would just be diluting the profit.
I will be running my own node on Ankr. No I’m not a developer and I know shit about it. DYOR
Connor Nelson
I have linkpool. I’m sure others will take up doing what link pool does when they see how much untapped value there is just sitting in wallets. Also something to think about are public’s pools like balancer or yearn vault like nodes where certain amounts are kept and you to put up certain something to obtain node access. There’s a lot of ways to do this you just need a little creativity.
Dylan Scott
I don't think I'll be making any staking gains any time soon after it's released. But eventually I will be, and that is exciting. Why aren't you excited user?
Justin Robinson
>DYOR Nah, I dont even bother reading White papers
Wyatt Green
The nodes will want to be overbonded between 2:1 and 3:1 ratio. The rune team has had many hours of research one this but they only do liquidity pools. Think about how much link is needed bonded to nodes for million dollar contracts
Alexander Richardson
What's the risk of losing link tokens once they're staked?
Jace Robinson
fuck people like you are the fucking dumb cunts that shouldn't even be in this space - you ruin it for the rest of us. just get the fuck out and stay out you dumb cunt
Chase Smith
>(so why don't you?). Maybe because it's fucking stupid to have cryptographic assets then willingly send them to someone else who could just run off with your money???
I have around 11k link. Should I sell some to get 1 linkpool share?
Adrian Price
lmao explain how I'm stupid? you don't even understand what I'm saying and you prove it by not disproving anything I say
this is exactly what I'm alluding to...if it wasn't stupid people would be doing it now, so why do they think once staking is released suddenly it's OK?
Impeccably based an 777 checked. This truly is our timeline marines
Jordan Campbell
Borrow against your link to get LP, if you’re going to. Don’t sell your link.
David Carter
wtf... you can sticky a post? it stays at the top anyway lol
Zachary Nguyen
he's telling you the truth, Muneer.
Dylan Brown
The fact that you fundamentally do not understand the difference between staking as collateral in nodes (you have custody) and lending LINK (you have promises) is the reason why you will never make it.
Jack Myers
>come out to the street, we'll get together, take a few poops. I mean maybe next time I'm in Mumbai but I'm kinda busy rn.
David Sullivan
does anyone have any estimates of what ChainLink’s APY would be? just curious. even a rough range. loving my tezzies is all
Dominic Gray
>I'm going to insult this person to trick them into answering my questions for me!
I hate this newfag strategy.
Jace Sullivan
lmao I completely understand the differences. Do you?
I'm saying that there are a few ways to earn passive income through LINK, one is NOT by staking, it is by running a node. Joining a staking pool is a second, but if you do not have this or run a node then you MUST use the third option which is lending which is what a lot of these CEX's and other "staking" platforms will be offering (not actually penalty deposits just straight lending).
I said you can use LP without holding the LP token. Pic related is the LP team saying US citizens can use their staking services but can't hold the LP token. What's 2+2?
Grayson Sullivan
There is no fixed APY because it's dependent on jobs and rewards etc., you would get a fixed APY lending LINK perhaps but I wouldn't trust it.
lmao this is wahat everyone is doing to me to try and fucking get a clue.
staking releases tomorrow and a lot of you guys will finally get it through your head what I'm actually talking about (hey where's my passive income, staking is released wtf...)
You can use NaaS but the implication of using LP suggest you could also join the staking pool (there is no explicit limitation described when saying "using LP") which is again not clear because likely the limits of the pool will be taken up in full by the LP holders.
you won't be able to stake for the first year, which is when the gains will be the biggest. LPlers wil be able to pick the top tier nodes.
Landon Harris
i don’t really care about the passive income for myself, but the network isn’t complete until there’s staking. it will never be fully decentralized without it and for me that’s still the biggest fud which is why staking is important.
Brandon White
I totally agree staking is important I just disagree with people who think they will be making passive income from staking if they do not hold LP or otherwise have a plan to run a node. Yes you can wait for other "staking" pools to exist but this is not clear when or how they will, if they will maintain custody of your LINK, or if they are even "staking" (as a penalty deposit) pools backed by nodes running jobs or "staking" (as lending pools)
>US citizens will be permitted to use LP's pooled staking dyor I guess, ive literally talked to mat about this in the past and as for LP holders taking all the pool spots I guess that depends on how much use you think the network will get over time which again means dyor
Levi Martin
no it's not "do my own research" it's you have not proven your point and you should DYOR
