Layer 2

Starknet unveils first voting proposal to bring staking to STRK holders

Published

1 year ago

August 20, 2024

Starknet proclaims its first mainnet voting for STRK holders, which is anticipated to introduce staking with a potential launch in October.

Starknet (STRK), the layer-2 community developed by StarkWare, will introduce staking to its ecosystem, beginning via its first ever Mainnet vote for token holders. The proposal was unveiled on August 20 message on X will decide the main points of the strike mechanism and is anticipated to pave the way in which for a full strike launch in October.

The very first vote on Mainnet for STRK holders 🗳️

The primary voting proposal is right here, bringing STRK staking to the Starknet ecosystem!

STRK holders could have the chance to precise their opinion on the proposed coin mechanism and the situations for altering it…

— Starknet 🐺🐱 (@Starknet) August 20, 2024

The proposal from Eli Ben-Sasson, co-founder of StarkWare, outlines a phased strategy to introducing staking to the community. If the proposal is permitted, a staking testnet will go stay in September, adopted by the mainnet launch within the fourth quarter of this 12 months.

The proposal describes two essential facets that STRK holders will vote on: the coin mechanism and the protocol for altering its parameters. The voting course of is designed to provide the neighborhood direct management over the wagering configuration, together with how rewards are distributed and the way the system might be adjusted over time.

The primary check vote will happen from September 2 to 4, adopted by the first vote from September 9 to 13, each on the Starknet Governance Hub.

READ Linea token launch and airdrop to take place on Sept. 10

StarkWare introduced plans to strike in July, saying that strikers should first connect with Starknet, work together with the staking contracts and comply with the proposed protocol guidelines to strike. In the end, the ecosystem plans to permit stakers to dam content material and have interaction in sequencing and proof actions to assist safe the community.

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