🌎 Starknet Announces Mainnet Vote to Launch Staking in October

Starknet announces its first mainnet vote for STRK holders, set to introduce staking with a potential launch in October.

Starknet to Introduce Staking Through Mainnet Vote

Starknet, the layer-2 network developed by StarkWare, is preparing to bring staking to its ecosystem. This initiative begins with its first-ever mainnet vote for token holders. The proposal, unveiled on August 20, will determine the specifics of the staking mechanism and is anticipated to pave the way for a full staking launch by October.

First Mainnet Vote for STRK Holders

STRK holders will soon have the opportunity to participate in a vote that will shape the future of staking on Starknet. The proposal includes details on the minting mechanism and the conditions for modifying its parameters. This voting process is designed to give the community a direct voice in the staking setup, including reward distribution and system adjustments over time.

The initial test vote is scheduled for September 2-4, followed by the primary vote from September 9-13. Both votes will take place on the Starknet Governance Hub.

Phased Staking Introduction

StarkWare co-founder Eli Ben-Sasson presented a phased approach to introducing staking on the network. If approved, a testnet for staking will go live in September, with the mainnet launch expected in the fourth quarter of this year.

Stakers will need to connect to Starknet, interact with the staking contracts, and adhere to the proposed protocol rules. Eventually, the ecosystem plans to enable stakers to attest to block content and participate in sequencing and proving activities to help secure the network.