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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

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.