StarkNet Community Greenlights STRK Staking Proposal, Set to Launch in Q4
CryptoNewsTerminal Staff13 Sep, 2024
StarkNet Community Greenlights STRK Staking Proposal, Set to Launch in Q4
The StarkNet community has voted to activate staking on the Ethereum Layer 2 scalability network. The proposal, which passed governance, will allow holders of at least 20,000 STRK tokens to participate in staking starting in Q4 of this year. Staking is a process where users lock up their tokens in order to help secure the network and earn rewards. In the case of StarkNet, stakers will be rewarded with additional STRK tokens. The activation of staking is a significant milestone for StarkNet, as it will help to further decentralize the network and increase its security. It will also provide holders of STRK tokens with a way to earn passive income.
