StarkNet sets September 9th for STRK staking governance vote
CryptoNewsTerminal Staff20 Aug, 2024
StarkNet sets September 9th for STRK staking governance vote
StarkNet, an Ethereum layer-2 network based on zero-knowledge (zk) rollups, has shared via its blog that a “governance vote on the launch of STRK staking will be held on September 9th (UTC).” The upcoming vote follows the recent launch of StarkNet’s token, STRK, with the distribution set to commence on September 6th. STRK staking plays a crucial role in securing the network and enabling participation in its governance. It involves locking up STRK tokens for a certain period to earn rewards and contribute to the network's overall stability. The governance vote will determine the parameters of the staking mechanism, such as the staking period, rewards structure, and potential penalties for unstaking. Overall, the governance vote on STRK staking is a significant step for StarkNet as it will empower the community to actively participate in the network's decision-making process and shape its future.
