Cryptocurrency company Anchorage Digital has announced support for staking the STRK token on the Starknet platform. This event marks a significant step for institutional investors.
Launch of STRK Staking on Anchorage Digital
Anchorage Digital, the first crypto company to gain national bank status in the US, has announced the launch of STRK staking on its platform. According to Starknet, this event opens doors for institutional players seeking to safely custody and stake STRK. Now users can stake STRK, earn rewards, and help strengthen the Starknet network.
Bitcoin Integration into StarkNet Ecosystem
Recently, Starknet also announced plans to integrate Bitcoin staking into its ecosystem, which will be realized through the SNIP-31 proposal. The community approved this development with a 93.6% vote in favor. The integration will allow Bitcoin-wrapped assets to participate in the staking system of the network. The consensus model proposes a 25% weighting for Bitcoin and 75% for the STRK token.
Grinta Update and Its Consequences
The launch of the Grinta update, also known as v0.14.0, was aimed at improving the network's infrastructure, but it also led to an unexpected outage that frustrated users. From 2:23 AM to 4:36 AM UTC, users encountered non-functioning gateways and failed transactions. Developers had to reorganize the chain, which affected confidence in the Starknet network.
The launch of STRK staking and Bitcoin integration could significantly alter the staking landscape in the Starknet ecosystem. Despite recent outages, the ongoing process improvements and new initiatives from Anchorage Digital represent important steps in delivering reliable solutions for institutional investors.
