According to BlockBeats, StarkWare CEO Eli Ben-Sasson announced at EthCC on July 10th that the company has submitted a Starknet Improvement Proposal (SNIP) to implement network staking. If approved by the community, staking could soon be launched on the testnet, with plans to release it on the mainnet in the fourth quarter of 2024.

If the proposal is accepted, users will have the option to delegate to stakers or become stakers themselves. There will be a 21-day time lock period before funds can be withdrawn. This move by StarkWare is a significant step towards enhancing the functionality and security of the network. The community's response to this proposal will be crucial in determining the future of network staking on Starknet.