According to CoinDesk, StarkWare CEO Eli Ben-Sasson said at the ETHCC Summit in Brussels, Belgium that the second-layer network Starknet will open staking on its ecosystem by the end of 2024. Ben-Sasson submitted a Starknet improvement proposal to the community, suggesting that users can choose whether to become stakers, and the participation reward is proportional to the number of staked STRK tokens. If the proposal is approved by the community, the staking testnet on Starknet will be launched soon and enter the mainnet in the last quarter of 2024. Stakers must lock their tokens for 21 days before they can withdraw funds.
StarkWare, the main development company behind Starknet, said that staking will be rolled out in several phases. In the first major phase, stakers will need to connect to Starknet, interact with the staking contract, and follow the proposed protocol rules to stake. The teams at StarkWare and the Starknet Foundation will study users' staking habits to determine future updates to the staking mechanism. In subsequent phases, stakers will need to provide proof of block content in real time, and the final phase will perform sorting and proof activities to fully protect the network. Ben-Sasson said this is an important step in building a staking community and technology, providing new opportunities for users and developers.