Phase 1 Staking Goes Live on Starknet: Decentralization Just Got Real
Starknet has officially launched Phase 1 of its staking initiative on the mainnet, marking a milestone in its journey toward full decentralization as the first major Ethereum Layer 2 rollup to implement a staking mechanism directly on L2.
This initiative allows holders of STRK tokens to stake their assets, either as validators or delegators, thereby contributing to the protocol’s advancement and transitioning towards a proof-of-stake (PoS) model. With a minimum requirement of 20,000 STRK for validators, who must run a full node, and no minimum for delegators, the initiative aims to foster broad community participation and enhance network security. The staking mechanism features a 21-day lockup period for withdrawals and a capped inflation rate of 1.6%.
Clever Robot News Desk 28th November 2024
