Hi All,
I have staked some link from a ledger wallet since Nov 24 and received my stk link and get regular rewards. As staking was fairly new, I only put a proportion of what I have. Encouraged by the regular return (which I download once a month), I then staked more link from a different ledger wallet. I did this on 25 Feb and have waited until today 25 March. But nothing has happened. It clearly says my link are staked but no stLink tokens and no indication or dates when these may be given. Am I doing something wrong or am I being impatient? Its frustrating as I am not a technical person and feel out of my depth. Can anyone clarify when I will get stlink etc
Many thanks
Patrick
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Hey PRynne,
The amount of LINK tokens staked depends on multiple factors, such as how many people withdraw from the community pool, how much LINK is deposited by others and if you or they have staked SDL for priority. Around 100,000 LINK tokens were staked last month, if yours did not, it means others who deposited have staked SDL and are prioritized.
As a result of above, it is hard to determine exactly when your LINK will be staked.
You can view your assets in this page: Liquid Staking for the Chainlink Ecosystem - stake.link
If you see “LINK” as assets, these are not yet staked.
To see the amount of LINK that is staked, you can view the claim page: Liquid Staking for the Chainlink Ecosystem - stake.link
Hope this helps, let me know if you have other questions, and please do check our FAQ to better understand the protocol: FAQ | stake.link
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Many thanks for your reply and the links. It was very clear and helpful. I have checked all five wallets and they do indeed have link as the assets so I can deduce that they are not staked. Has the policy changed (or demand supply changed) as I have never owned SDL, I staked in Nov/Dec from 3 wallets and they were all staked and receiving StLink regularly. Are you saying that in order to stake in future that I need to hold SDL due to the demand for staking?
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You’ll need to stake SDL to receive priority over those who haven’t. It is likely your tokens aren’t staked because of that. Even staking 1 SDL will prioritize you over those who didn’t.
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Again thank you for your reply. I constantly seek Stake.link advertise on X thanking the community etc and telling everyone that they are proud to be a trusted staking provider. However, they do not say that you have to buy SDL in order to do so. It is becoming obvious that this is a prerequisite for staking. So I went on to coinbase to buy some SDL and they do not sell it. It is very frustrating. How is a simple holder of chainlink supposed to navigate through this quandary? Firstly, I would rather be told, up front, that I have to buy SDL in order to stake my link and, secondly I would like a buy SDL button that would allow me to carry this out without any more friction. Useing Stake.Link is not easy for the non technical person and this is very frustrating.
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I totally understand your frustration. It is important to note that Chainlink staking and the stake.link protocol is at relatively early stages. While it is important to have a good user experience, we are not at a stage where Coinbase can offer the option to buy/sell $SDL. Currently, the only liquidity we have to buy $SDL is in the Uniswap pool, which you can access here:
SDL is not a prerequisite to stake LINK using our priority pool, however it does depend on other LINK depositors - if others have SDL staked, you’ll have to wait until they’ve staked everything as they’re prioritized over those who did not stake SDL and simply deposited LINK.
Hope this helps, we are working on making the token more liquid and accessible so we appreciate your feedback.
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Many thanks again for your reply. I have now managed to download SDL and stake them for each wallet. I guess now its a waiting game to see when they actually get staked?
I have to say that even though you sent the link, it took many hours to sort out the various connections between ledger live and metamask etc. I had the help of my son who is a cyber security expert and he also found it difficult. I am not complaining and I understand it is developing but if you are ever to get mass adaption, it needs to be easier. I hope you take these comments as useful feedback. I am grateful for your responses. Ill let you know when they get staked. Best wishes
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Hi again
I have now checked all five wallets and I have indeed received some stLink tokens but only to the value of the SDL tokens put into the wallet. You said that depositing even1 SDL would prioritise me over those who had not. (You failed to say that it would only prioritise me for the value of 1 SDL)
My experience in Dec/ Jan was that I put link into the priority pool and received back Stlink in return. My experience in March /April is that I deposit link into the priority pool and am required to also deposit an equal amount of SDL in order to receive stlink. What has changed? Why has it changed? If I dont buy the full value of SDL that equals my link, can I not stake?
This is not a good experience, it appears to be that you are not being fully transparent in your requirements. Please give me a simple explanation, I am losing faith
thanks
Hello PRynne
Regret to hear about your experience.
I cannot provide a simple answer, but I will try to explain.
The Priority Pool is the holding zone for LINK waiting to be staked. You have been depositing your LINK into this pool. Currently in that holding zone, there are 296 000 LINK waiting to be staked.
Last 7 days - from 26.march - stake.link has by leveraging Chainlink Automation been filling empty slots in the official Chainlink community pool, 65 000 LINK staked.
Some percentage of these 65 000 LINK that has been staked, are you deposited LINK from the holding zone.
Who stakes how much of the 296 000 LINK in the holding zone is dependant on how much reSDL they have, and how much the other participants in the holding zone have.
Example:
Priority Pool has 100 LINK tokens in the holding zone.
Adam has 10
Ben has 80
Caroline has 10
And staked SDL:
Adam has 10 SDL
Ben has 1 SDL
Caroline has none
80 LINK are staked through the holding zone.
Adam stakes 10 LINK
Ben stakes 70 LINK
Caroline stakes none
In december, the holding zone was frequently at 0, and all LINK deposited was quickly staked.
Now, the holding zone is at almost 300 000 LINK, demand for LINK staking is bigger.
Now, you having 10$ in SDL staked is not in any case corrolated to you staking 10$ of LINK. That is a coincidence. The rules as outlined above apply and you are prone to the same priority rules as everyone else.
In terms of being fully transparent everything is outlined in the docs:
If you want to see historic data for priority pool holdings and staked LINK:
https://dune.com/linkgraphic/sdl-community
No one can tell you how long it will take for you to stake all your LINK, because it is variable based on all other users outside anyones control.
What I can reassure you of is:
- that all your LINK will be staked now that you have also staked SDL, it might take time but it will happen.
- The SDL you stake is also yield bearing.
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There will be a future “% of my link staked next stake” feature added to the site already in the works. that way you will be able to gauge what % of the next stake will be of your link (aka youre Priority)
I honestly think you are doing your best and I don’t want to disrespect you in any way but, you have just said above that it is a co-incidence that the SDL amount is equal to the stLink awarded. I could accept this if it were one true of one wallet but it is true of all 5 wallets. I think this is more than a co-incidence and more of a policy to ensure stakers acquire more SDL. Even if it were true, it is a hell of a co-incidence and you can see that stakers (who are already nervous about risk) will be highly skepical of such a co-incidence. Some times the perception of something going wrong is as bad as anything else.
I was encouraged to see another discussion on whether a simple stake now button could be applied which would allow stakers instant access (albeit at a cost), The cost may be that if you stake in April you will not get any stlink awarded until May or June. This approach would allow you to earn in the background, covering costs but it would also give clarity to stakers. This would be preferential to the current scenario where stakers are being asked to believe in co-incidences.
I would also suggest that asking us to believe in co-incidences goes against the whole ethos behind Chainlink.
Once again I apolofise if I have offended in any way, but I think this is too important a point to let go. Stakers just want clarity and reliability.
thanks
Hello again
To start, I am not a member of the team, I might be wrong.
Reason I stated it would be a coincidence is because from my understanding there is no mechanic which says you get LINK staked equal to your SDL staked. There has previously been stated that if you have some SDL, you will always have some LINK staked.
If you have 5 wallets with 10$ SDL, and all 5 of the staked 10$ of LINK, I am inclined to think differently. Maybe there is a minimum limit you’ve hit. I don’t know to be honest.
If all wallets had same amount of LINK and same amount of SDL it would make sense for all 5 wallets to stake the same amount.
The “stake now” option is currently already available in the form of a liquidity pool at curve.fi with LINK/stLINK where you can swap LINK → stLINK. Often the ratio is not 1:1, unlike waiting in the holding zone where you’ll always get 1 stLINK per LINK.
The proposal up for discussing is about linking to this liquidity pool on our site for easier access. The option is already there and can be used.
Thank you for your patience with me and apologies once again if I offended in any way.
I want to give you context and then explain. I am 62 and non technical, I know my way around a computer but have no expertise. I dont know anyone my age that is involved with crypto and most think it is a scam. (main street media ).
I have put in countless hours to get to a simple level of understanding and I have risked quite a lot of my self worth on the Chainlink story. (I’m an all in type)
Again I find myself in the minority, most people my age are not prepared to put in the time that I have and have a very cautious outlook.
However, when I do have success, I have people asking me how to get into crypto (crypto staking etc), and that is where there is no easy answer.
I can give them the facts and information on Chainlink as there is lots out there and it is reasonably easy to understand. But, I cannot point them to a simple staking button that allows them to earn interest on an appreciating asset over time. (in simple terms, they want to rent their coins for a fixed percentage, and as the coins go up in value, so does their income).
Lots of people my age are looking to get their money out of the centralised system and into an asset than gives them a steady income. But there is no easy route.
I think Stake.Link is possibly the solution but it just needs to have a user friendly interface that allows amateurs like me to participate.
I have no idea what curve is (and I don’t particularly want to know as I trust the team to do the right thing behind the public interface), What the platform needs is a stake now button with options. (similar to the Ethereum gas fee options. It says on the button what price and how long). Give people options and let them make a decision, it is better than asking them to wait for an indefinite period of time with no communications etc
Again apologies for the rant but I think Stake.LInk has the right idea, I am just not convinced that you need to push the SDL token as the only option for staking. There has to be better options for the end user.
Best wishes
Patrick
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Thank you for your input. Your input is valuable and we are aware stake.link is not streamlined just yet.
As you can tell by the discussions on the forum, there is increased focus on streamlining this to every user.
No offense taken, we are here to help.
Out of curiosity, did you get any LINK staked over the last 24h?
Did it stake the same amount as last time?
Best regards,
2 Likes
Hi Patrick, thank you for sharing so openly. I truly appreciate your honesty and the perspective you’re bringing. There’s absolutely no offense taken, quite the opposite. It’s refreshing to hear someone speak with such care, experience, and clarity.
I can relate to your frustration. It shouldn’t take countless hours or insider knowledge to participate in something as important as staking, and I wholeheartedly agree that the complexity should be abstracted away. The idea of a simple “Stake Now” button, with clear expectations and options, is exactly where things need to head.
In the meantime, I’ve been trying to think through ways we can bridge that gap, not perfect solutions, but practical ones that offer clarity and confidence for people like yourself who just want to participate without needing to deep-dive every protocol.
That’s why I put together a very simple calculator. It helps show, in plain terms, how long it would take to reach break-even (1:1 value) when swapping LINK for stLINK. I know Curve might sound like another complicated DeFi platform, but in truth, it’s one of the most established and straightforward interfaces out there.. and in this case, it’s just a single transaction. You’re staked instantly, earning from day one.
The stLINK/LINK exchange premium can vary, so it just a matter of checking until you think it feels right.
You’re absolutely not alone in this journey. And the questions you’re asking are the right ones.. keep asking, keep sharing. It’s voices like yours that help make this space better for everyone.
Here’s the link if you’d like to take a look: https://stlink.glide.page
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Hi, many thanks to both for your replies.
Just to answer Mawly`s question, I did receive some stake link so I guess you were correct in principal but again I am confused as to how they were awarded.
I have a series of questions as follows
How are the percentages staked calculated?
how did you know that I would have st link awarded? Is there a set time if every month for awards?
when is the next award and is it likely that the remainder of my link will then be staked?
Once staked, can I just leave the stake link for ever and claim my rewards when ever I want? This is the ideal for me as I just want to top up my income when I need to without selling the principal. I think it would be useful (like the chainlink site) if there was a button that said claim rewards.
Also on the chainlink site it lets you know (in real time) how much your staked link has earned. This is useful because it allows you to make a decision on when to cash in your rewards.
I note from your other discussions that you are discussing the distribution of other awards through the build programme etc. When these come through will they just be automatically awarded to stakeholders?
Thank you also Ari for you kind response, I will give it some thought and explore the link.
Many thanks again
Patrick
Sorry to come back with yet more questions but I have some concerns when reading the other discussions as follows
The discussions assume that each staker has a good knowledge on airdrops etc and there is a discussion on the amount of time a staker has to claim airdrops.
A fairer way to treat a non technical staker is to give them the option (for any airdrop or other award) to automatically convert this to st link. I would take this option every time even if there was a fee involved.
Also as I have mentioned earlier in this discussion, I have 8 wallets. the first three staked before christmas without any SDL, however there is a discussion that the awards of the build programme will be distributed according to the wallets that have SDL staked. Does this mean that if I want any build rewards that I need to put SDL into those wallets also?
If I stake for 4 years, does it entitle me to more?
Thanks again
Patrick
Hello again Patrick
First of all I want to encourage you to be careful about disclosing holdings on a public forum, and remind you that NO team member or community members will EVER private message you or attempt to reach out. Be suspicious of anyone who contacts you. You should remove details.
To your questions:
How are the percentages staked calculated?
I dont know. But they are dependant on your
-your LINK in priority pool
-your staked SDL in the form of reSDL
External factors:
-total LINK in priority pool
-total reSDL held by others in priority pool
how did you know that I would have st link awarded?
You can follow all staking transactions made from [Priority Pool] to [Chainlink official staking pool] on the stake.link website:
You can see how long it is until distribution at Liquid Staking for the Chainlink Ecosystem - stake.link
LINK will be distributed as stLINK at intervals of 15 000 LINK staked.
Is there a set time if every month for awards?
Every Monday the rewards for stLINK are distributed.
when is the next award and is it likely that the remainder of my link will then be staked?
Monday rewards will be rewarded for existing stLINK. If the priority pool has 15 000 LINK ready to be distributed “some portion” of your LINK will be staked to stLINK. Those stLINK would then in that case recieve rewards on monday together with all other stLINK.
When you have stLINK you can claim them directly to your wallet, and do what you will with those tokens. They will yield rewards every monday in your wallet or in the claim section.
There is currently no way of tracking your stLINK rewards week by week but this is being worked on last i heard.
On BUILD, stake.link is dependant on how chainlink decides to handle the distribution, therefore we dont know yet.
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thank you
Details removed -
More reSDL grants you higher priority in the queue.
1 SDL staked at 0 year lockup grants 1 reSDL.
1 SDL staked at 1 year lockup grants 3 reSDL
2y - 5 reSDL
3y - 7
4y - 9
Since chainlink havent released finalized information on how build rewards will be disteibuted we are not sure yet, but:
All stLINK will recieve BUILD rewards.
All reSDL will recieve BUILD rewards.
These are seperate and you do not need to increase reSDL allocation to yield full BUILD rewards from your stLINK