Chainlink Whale ‘Oldwhite’ Used More Than 150 Wallets to Avoid Staking Limits

Chainlink’s new “staking” program – where participants can earn crypto rewards for helping to secure the network – was intended to be broad-based: The price-feed provider imposed a limit of 7,000 LINK tokens per wallet to “promote greater inclusion and reduce the risk of a few participants dominating the pool in the early stages,” according to the project team.

But blockchain data reveals how one large holder – a “whale,” in crypto parlance – was able to get around the limits by creating more than 150 addresses – and then staking the full 7,000 LINK allotment from each of them.

(by Sage D. Young)

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