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Starknet launches STRK staking on mainnet and advances in decentralization
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Starknet, a Layer-2 scalability solution for the Ethereum blockchain, has launched the first phase of STRK stakingmarking a significant step forward towards complete decentralization of its network.
As per the announcement, the initiative allows STRK token holders to directly contribute to the security and functionality of the ecosystem, while receive rewards.
Holders with at least 20,000 STRK tokens can participate in solo staking, playing an active role in validating and securing the network. For those who have fewer tokens or prefer a more simplified process, Starknet offers the option of delegation.
Users can delegate your tokens to professional validators, such as Luganodes, Validation Cloud and Staking Rewards, using a user-friendly interface that will be available with the launch of dApps.
Starknet: focus on sustainability and governance
This delegation approach eliminates the need for in-depth technical knowledge, ensuring accessibility and inclusion for small investors.
However, the tokens used for staking will remain locked for a period of 21 days after the withdrawal request, without accruing rewards during this interval.
To support the recently approved staking mechanism, Starknet minted 1.3 million STRK tokens, following network governance approval. The system operates with a controlled inflation rate, limited to a maximum of 1.6%, reinforcing the economic sustainability of the project.
The strategy of Starknet staking includes a phased implementation model. After this first stage, the next phases will introduce block validation, voting and, eventually, the full production of blocks by validators, scheduled for the fourth phase.
In addition to the launch of STRK staking, the Bitwise Onchain Solutions (BOS) announced the offering of decentralized staking for Starknet from November 26th. BOS, which already manages more than US$3.5 billion in assets staked on Ethereum, is now expanding its operations to Starknet, reinforcing the robustness of the ecosystem.
Starknet launches STRK staking on mainnet and advances in decentralization
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Starknet launches STRK staking on mainnet and advances in decentralization
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Starknet launches STRK staking on mainnet and advances in decentralization
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Starknet launches STRK staking on mainnet and advances in decentralization
