StarkNet's Staking Feature Expected to Launch by Year's End

IconCryptoNewsTerminal Staff10 Jul, 2024

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StarkNet's Staking Feature Expected to Launch by Year's End

StarkNet, an Ethereum layer-2 scaling solution developed by Starkware, is preparing to introduce a staking feature. According to Coindesk, a governance proposal has been put forward to add staking functionality to the StarkNet ecosystem by the end of 2024. If approved, a testnet for staking could be rolled out shortly after. Once implemented, StarkNet users will be able to stake their STRK tokens to secure the network and earn rewards. This will provide additional utility for STRK and further incentivize participation in the StarkNet ecosystem.