PANews, October 23, reports that the Ethereum Layer 2 network Starknet stated on the X platform that the first phase of STRK staking is nearing completion. The work completed in this phase includes: STRK staking contract, community governance on STRK staking parameters, and the testnet for the first phase. Ongoing work in this phase is the mainnet for the first phase, expected to be completed in the fourth quarter of 2024. Starknet's transition to a fully decentralized PoS network will take time.

According to previous news, Starknet plans to transition to a fully decentralized PoS network through four phases.