Starknet, the layer-2 network developed by StarkWare, has announced its first mainnet vote for STRK holders to introduce staking to its ecosystem. The proposal, unveiled in an August 20 post on X, will determine the specifics of the staking mechanism and is expected to lead to a full staking launch by October.
The proposal, presented by StarkWare co-founder Eli Ben-Sasson, outlines a phased approach to introducing staking on the network. If approved, a testnet for staking will go live in September, followed by the mainnet launch in the fourth quarter of this year. Two key aspects that STRK holders will vote on include the minting mechanism and the protocol for modifying its parameters. This voting process is designed to give the community a direct say in the staking setup, including how rewards are distributed and how the system can be adjusted over time.
The initial test vote is scheduled for September 2-4, followed by the primary vote from September 9-13, both on the Starknet Governance Hub. StarkWare had previously announced plans for staking in July, stating that stakers will need to connect to Starknet, interact with the staking contracts, and follow the proposed protocol rules to stake. Eventually, the ecosystem aims to allow stakers attestations for block content and participate in sequencing and proving activities to help secure the network.
Overall, the introduction of staking to the Starknet ecosystem marks an important milestone for the network, offering STRK holders the opportunity to actively participate in shaping the staking mechanism and contributing to the security and decentralization of the platform. Stay tuned for more updates as Starknet moves closer to the full launch of its staking feature in the coming months.