stake.link is a DeFi protocol built on top of Chainlink Staking that gives users and node operators the ability to assign collateral directly to nodes and the wider network. In return, users are provided the liquid staking receipt token stLINK that will form the cornerstone of DeFi composability for Chainlink Staking and the ecosystems that it secures. The protocol extends utility of staked assets and increases network security.
stake.link is the first-of-its-kind liquid delegated staking platform delivering DeFi composability and Chainlink Staking. Built by premier Chainlink ecosystem developer LinkPool, powered by the top Chainlink node operators, and governed by the stake.link DAO, stake.link's extensible, pooled staking architecture is architected to support the vision of Chainlink Staking and extend participation in the Chainlink Network.
The $SDL token performs three key functions: SDL is a fee token — staking SDL will return a percentage of all fees generated by the platform. This fee scales directly with the amount of LINK and rewards in the protocol. SDL is a governance token — voting will help shape the platform, determine future fees, and participant involvement. SDL provides priority staking access — stakers of SDL will be the first to deposit LINK at stake.link.
