Starknet staking vote passes: New minting curve approved
Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.
The Starknet community has overwhelmingly voted to implement a proposed new staking mechanism, including a dynamic minting curve for STRK tokens.Â
With almost 98.94% of voters in favor of the proposal, the approval signifies a milestone for the networkâs long-term efforts to incentivize staking while balancing token supply.
Minting curve mechanism explained
The minting curve feature is central to the now-approved proposal, introducing a minting curve based on Professor Noam Nisanâs âProposal 2â with slight modifications.Â
Authority to adjust minting parameters
The Starknet Foundation, or a designated monetary committee, will be able to modify the minting constant (C) within a range of 1.0 - 4.0.
This authority adjusts the minting parameters to lower the C if staking levels become too high or to raise it to incentivize staking if participation falls too low.
Community feedback
Although community feedback was largely positive, with many expressing support for the balanced approach, a small minority, representing 0.61% of the vote, opposed the proposal.
The near-unanimous decision of almost 99% approval did not reflect all voting power among holders, with only 79.65% of total voting power â 1.4 billion STRK tokens â contributing to the decision.
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