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Ethereum Layer-2 Project Starknet to Roll Out Staking Feature Later This Month
StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.
Updated Nov 12, 2024, 4:53 p.m. Published Nov 12, 2024, 4:50 p.m.
Starknet, a prominent Ethereum layer-2 project, said Tuesday that it will bring staking to its main network on Nov. 26.
StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.
According to the team, anyone will be able to participate in staking on the blockchain. Validators will require a minimum of 20,000 STRK tokens ($9,610) to operate their nodes. Delegators must hold STRK tokens and will be able to choose a validator to delegate their stakes to.
The team also shared on X that “validators and delegators will be subject to a 21-day unstaking lockup period.”
STRK staking launch on Mainnet: November 26th.
— Starknet 🐺🐱 (@Starknet) November 12, 2024
After extensive testing on Sepolia, we are now ready to introduce the first phase of STRK staking on Starknet Mainnet. Everyone will be able to participate by:
> Becoming a Validator: This will require a minimum stake of 20,000 STRK… pic.twitter.com/WVCJzhVDaP
StarkWare has recently moved away from solely focusing on the Ethereum layer-2 landscape, and has pivoted more of its research and development efforts to the Bitcoin ecosystem.
Last week, the StarkWare team, alongside some top Bitcoin developers, made some breakthroughs on new features that could make Bitcoin more programmable.
Read more: Starknet, Layer-2 Chain on Ethereum, to Open Staking By End of Year
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