Huobi's Notice on Supporting LINK (Chainlink) Staking
Dear Huobi Users,
According to Chainlink's official statement (https://chain.link/economics/staking), the beta version of Chainlink staking mechanism (v0.1) will open Early Access to node operators and eligible addresses with priority access. For node operators, they are expected to get an effective annualized rate of return (ARR) of about 7%. On Dec 8, General Access will be open to community members who stake LINK with an expected effective ARR of about 4.75%. The actual ARR depends on LINK staking. The next staking version (v0.2) will be launched within 9-12 months. By then, v0.1 participants can unlock or migrate their staked LINK and staking rewards. Before the v0.2 version is launched, v0.1 participants cannot unlock staked assets in advance.
Huobi is scheduled to open v0.1 staking events to users on Dec 6. Welcome users to deposit LINK tokens to Huobi for staking.
After LINK staking events are kicked off, specific rules for earning events will be notified in further announcements.
For more information, please refer to:
December 5, 2022
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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.