Starknet to Launch Voting for Adding STRK Staking Function

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Voting for STRK Staking Function
  2. STRK Holders to Influence Staking Mechanism
  3. Voting Schedule


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

    Voting 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.

    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.

    Voting Schedule

    The voting testing period will 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 period, holders of STRK are called upon to vote for or against approving the staking function.

    This voting will be a crucial step for Starknet, enhancing community participation in the development of the ecosystem and the introduction of new features.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Fairshake Launches Bipartisan Campaign to Support Pro-Crypto Lawmakers

Fairshake is launching a bipartisan campaign to support 32 incumbent candidates in the House, focusing on those who back the House CLARITY market structure bill, with an initial commitment of $6 million in independent spending.

user avatarLeo van der Veen

Binance Introduces AI-Driven Trading Tools

Binance launches a suite of AI products aimed at enhancing trading experiences for various user levels.

user avatarLi Weicheng

Binance Announces Dividend Reinvestment for Tokenized Stocks

Binance has announced a dividend reinvestment process for holders of its Oracle and Marvell tokenized stocks, where dividends will be reinvested into additional fractions of the same securities.

user avatarAisha Farooq

Cryptocom Enhances Trading with Insilico Terminal Integration

Cryptocom has announced an integration with Insilico Terminal on October 6, allowing users to connect their Cryptocom Exchange accounts directly to Insilico's trading platform.

user avatarLi Weicheng

Binance Pay Launches Mobile Top-Up Promotion to Boost Crypto Spending

Binance Pay has launched a promotion offering eligible users a 20% discount on their first mobile top-up to encourage crypto spending.

user avatarTenzin Dorje

Hyperscale Data Reveals Financial Position on Bitcoin and Cash Reserves

Hyperscale Data disclosed its financial position, revealing it holds approximately $564 million in Bitcoin and cash as of October 4.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.