Starknet has become the first layer 2 network to launch a staking framework, rolling out phase 1 of STRK staking on its mainnet.
Ethereum-based scaling solution Starknet (STRK) announced the launch of staking on its mainnet, becoming the first layer 2 network to do so. The phase 1 rollout introduces a staking framework that allows users to participate as validators or delegators, Starknet said in an X announcement on Nov. 26.
STRK Staking phase 1 is officially live on Mainnet!If you want to take part in this initial phase (or in futures phases) and contribute to the decentralization of Starknet, you can now:💠 Become a Validator: Open to everyone, this requires running a full node and staking a… pic.twitter.com/zxIIW6dQf3
— Starknet 🐺🐱 (@Starknet) November 26, 2024
Validators, who run full nodes, must stake a minimum of 20,000 STRK (approximately $11,400 as of press time), while delegators can delegate tokens without technical requirements. Starknet noted that wallets like Argent and Braavos will support staking. Additionally, professional validators such as Luganodes, Validation Cloud, and Staking Rewards have joined the initiative.
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Starknet steps closer to decentralized PoS network
Starknet’s staking model represents a crucial step towards its goal of becoming a fully decentralized proof-of-stake network. The phased rollout begins with permissionless staking and stake delegation, enabling validators to operate full nodes and prepare for future stages.
Phase 2 will involve validators attesting to blocks, followed by block voting and validation in phase 3. In phase 4, validators will assume full responsibility for block production and network security. Although Starknet has not specified a complete timeline for all phases, the gradual implementation aims to test the system, gather community feedback, and ensure a smooth transition.
Read more: Starknet debuts parallel transaction execution on testnet
