Starknet Will Launch Exciting STRK Staking in October!

Key points:

• Starknet will let STRK holders vote on adding a STRK staking function to its mainnet for the first time.
• The test voting runs from September 2-4, 2024, and the main voting period is September 9-13, 2024.
• While the exact launch date for the STRK staking function is still confirmed, it is anticipated to go live in October.

The Ethereum Layer 2 network Starknet announced a significant move in its ecosystem: STRK holders would vote to introduce STRK staking on the mainnet for the first time.

Voting Schedule for STRK Staking Function

STRK staking will be the first to integrate a staking function into the Starknet platform, allowing users to affect its implementation.

In an announcement shared on the X platform, Starknet pointed out that STRK holders would be called upon to vote for the proposed minting mechanism and the conditions for modifying its parameters. This would ensure participation and guarantee that the staking function runs according to the community‘s expectations and requirements.

Read more: StarkNet’s ZKX Protocol Shocks Major Market Makers With Sudden Quick Shutdown.

STRK Holders to Influence Staking Mechanism

The exact time for the staking function deployment has yet to be discussed, but October is on the radar, as Starknet anticipates. To guide this process, the governance post presents an organized voting schedule.

The voting testing period would begin on September 2 and end on September 4, 2024, during which one can view and comment on proposals. Then, a formal voting period will be from September 9 to September 13, 2024. In the latter, holders of STRK are called upon to vote for or against approving the staking function.