Starting June 17, Starknet will launch STRK Staking v2 on the mainnet, introducing enhanced performance and incentive systems for delegators and validators. This marks a significant step forward in improving validator reliability and ensuring fairer reward distribution within the network.

Key Features of Staking v2

Block Attestation

One of the major updates in Staking v2 is the introduction of block attestation. Validators will now be required to confirm randomly selected blocks during each epoch to prove they are online and actively tracking the network. Failure to perform block attestation will result in validators not receiving rewards, which will also affect their delegators. This mechanism is designed to ensure validator activity and prepare the network for more advanced consensus responsibilities expected by the end of 2025.

Commission Adjustments

The second key feature focuses on validator commissions. Under the new system, validators can commit to a maximum commission cap for a predetermined period, up to one year. While they are allowed to lower their fees at any time, they cannot increase them beyond the agreed cap until the commitment period ends. This change provides delegators with greater transparency and predictability regarding validator fees.

Transition Process for Delegators

To ensure a smooth upgrade, Starknet will temporarily pause staking contracts during the transition to Staking v2. Delegators are not required to take any action. Once the upgrade is live, delegators will gain access to detailed performance data for validators and will have the flexibility to switch validators instantly, without any delays.

Timeline and Future Phases

This upgrade represents the second phase of Starknet’s staking rollout. The initial phase, launched in November 2024, allowed users with at least 20,000 STRK tokens to stake and earn rewards. The third phase, scheduled for late 2025, will introduce full validator consensus, further strengthening the network’s decentralization efforts.

Broader Ecosystem Developments

The release of Staking v2 coincides with other significant advancements in the Starknet ecosystem. These include support for Ethereum Virtual Machine (EVM) wallets and the development of a custom Bitcoin bridge, both expected by the end of Q2. Additionally, Bitcoin staking is anticipated to launch later this year, expanding the network’s utility and appeal to a broader audience.

Advancing Decentralization

By upgrading its staking system while maintaining live operations, Starknet is becoming one of the first Layer 2 networks to shift validator responsibilities toward enhanced decentralization. These updates align with the network’s goal of achieving “Stage 1” decentralization, reducing reliance on centralized sequencers while improving security, transparency, and fairness for all participants.

Starknet’s commitment to innovation and decentralization signals its dedication to fostering a robust and equitable ecosystem for its users. With the introduction of STRK Staking v2, the network is setting a new standard for Layer 2 blockchain scalability and governance.

Post Views: 4