I’m relatively new in Chainlink ecosystem. I deeply believe in long-term Link holding. After being aware that the possibility of being able to stake in the native pool of Chainlink is very difficult, I started exploring other posibilities, and I found Stake.link. I’m looking for a deeper understanding of the SDL staking to boost my position in the queue of the priority pool. I recently started staking reSDL, but I want to know what amount of reSDL would be an optimum position to ensure my position and reduce the waiting to the minimum? It’s been hard to find information around that especific topic. According to coinmarketcap, there’s 31M circulating SDL holded by 756 holders, and more than the 30% are holded by deployers. How can I calculate how much reSDL are needed to ensure my position? As a test, I decided to stake part of my link position (300 link) with 3.300 reSDL staked (367 SDL block for 4 years). What can I expect of that movement? Being a small quantity of Link, will the waiting time be short? All my 300 link will enter on the next 15.000 batch? I really think there’s a lack of information around that topic and I am strongly interested due to my unwavearing faith in Chainlink technology and, consequently, in its ecosystem. And I firmly believe that more easily dissemination/education around the value and use of SDL staking will open Stake.link to the major public. Thanks in advance for your time
This is actively being worked on by the team. more reSDL = more link is basically all we have right now. You can swap at curve finance just to stLINK and bam youre staked. ALL stlink is backed 1-1 by a staked cube at CLL
Hi Novella
I am also relatively new to Chain.link and also a great believer in the project and what it is trying to achieve. Have a look at my early queries below and the helpful answers that I received. (Link below). Having said that, I think the team know that a simplistic guide for the non initiated is necessary but, I get the feeling that they are all too busy with more complex issues. My point to them is similar to yours, that in order to get new people on board, there should be a stake now button which allows you to stake your link and explains in clear simple language what you have to do etc to achieve this goal. There are so many people that are afraid to go near crypto and it does not help that it is so complicated to overcome their fears. I have just been to Bermuda following my trip to Smart Con, and you would not believe the amount of middle aged people who want to invest but, either do not know how or, are misinformed about the opportunities. I try to inform them but it is not easy to explain the stake.link site. As soon as they see the site they are discouraged. We need to work this out. We need an idiots guide.