Chainlink has announced the launch of a new community-driven rewards program designed to incentivize LINK token stakers. The Chainlink Staking Rewards Program is set to enhance engagement within the network by offering valuable rewards to participants who stake their LINK tokens.
In its first phase, Chainlink has partnered with decentralized data platform Space and Time (SXT), which will allocate 4% of its total token supply—equivalent to 200 million SXT tokens—to be distributed to eligible LINK stakers. This collaboration aims to strengthen the Chainlink ecosystem by rewarding users who contribute to securing the network.
Starting May 8, both historical and current LINK stakers will be able to claim the first tranche of 100 million SXT tokens. The remaining tokens, along with any unclaimed rewards, will be distributed in future phases of the program. This reward initiative is open to both new and existing stakers, helping to grow the staking base and boost network participation.
The launch of this rewards program is expected to stimulate further demand for LINK tokens, encouraging more users to become involved in staking and strengthening the decentralized nature of Chainlink’s oracle network. In the future, Chainlink plans to expand the rewards program by collaborating with additional partners across the ecosystem.
With more projects anticipated to join the program, the Chainlink Staking Rewards initiative aims to drive long-term value for both the network and its community. More details on future reward phases will be announced later this year.
