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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