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

Bitdeer Achieves Record Revenue but Faces Major Losses

Bitdeer reported record revenue of $320.7 million for Q3 2023, an 89% increase year-over-year, but faced a net loss of $125.5 million.

user avatarAyman Ben Youssef

Bitcoin May Benefit from Greater Regulatory Clarity

Bitcoin may benefit from a more predictable US regulatory environment as the SEC shows interest in blockchain-based financial infrastructure.

user avatarKofi Adjeman

SEC Reports Significant Decline in Enforcement Actions

The US Securities and Exchange Commission (SEC) has reported a significant decline in enforcement actions, marking the lowest level since 1991, under the Trump administration.

user avatarTando Nkube

HTX Enhances Trading Fundamentals Amid Market Volatility

HTX enhances trading fundamentals amid market volatility by improving market depth and launching new promotions.

user avatarSatoshi Nakamura

HTX Completes Q3 Token Burn, Enhances Brand Influence

HTX completed its Q3 token burn, destroying approximately 939 trillion HTX tokens valued at around $154.8 million, and enhanced its brand influence at TOKEN2049 in Singapore.

user avatarNguyen Van Long

David Schwartz Significantly Cuts XRP and Bitcoin Holdings

David Schwartz, former CTO of Ripple, has significantly reduced his XRP and Bitcoin holdings, raising investor concerns about the cryptocurrency market.

user avatarJesper Sørensen

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.