chainlink labs revenueCryptoeconomics and Community Involvement in the Chainlink Protocol

raoul pal chainlink chain link services lp chainlink labs revenue Cryptoeconomics and Community Involvement in the Chainlink Protocol

with the upcoming um release of staking I think with the upcoming work that were going to be doing on crypto economics and putting that more and more into the protocol there is going to be increasing opportunities for various community members to interact with the protocol in meaningful security generating ways one example of this is alerting and raising alerts and getting rewards for raising accurate alerts which is a part of our approach to slashing and creating crypto economic guarantees I think there will be multiple other ways that community members can get involved in helping secure the protocol and I think that we are going to begin having more of an active dialogue with um the community and community members and trying to provide feedback on various topics the the reason that this has not been done to as extreme degree as other places is quite simply because the limited resources that we have been focused on building the most secure version of the chain link protocol possible and getting as many chain link networks out to fulfill the massive demand of defy gaming decentralized Insurance um and and various other use cases so I I think that where were going is a place where where the community has a very important role in raising alerts in possibly being part of adjudication committees to to resolve alerts in being part of the protocol in various ways and um I think that that is a process thats going to gradually happen as we move to more towards staking and more toward uh providing these crypto economic relationships between dapps and their fees and and the protocol that is kind of what weve been waiting for to to begin this process more As the Chainlink Network enters the next stage of its cryptoeconomic development, community members will have opportunities to participate in the protocol in impactful, security-generating ways, such as staking and alerting.Watch the full Brave New Coin podcast interview here: WLnzt_5AsyA Read more about the role staking and alerting will play in Chainlink Economics 2.0 here: Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. Learn more about Chainlink: Website: Docs: Twitter: Chainlink Chainlink,