StarkWare’s proposal to initiate staking for STRK tokens received overwhelming support, with 98.94% of Starknet’s L2 network users participating in the community’s inaugural vote.
The vote on the STRK staking parameters has concluded, passing with 98.94% in favor ✅
Below are the staking figures at launch, resulting from this vote.
Now it’s time to finish shipping it, see you in Q4 future stakers ? pic.twitter.com/MJPtkHadvV
— Starknet ?? (@Starknet) September 13, 2024
To become stakers, individuals must hold at least 20,000 STRK, while others will need to delegate their powers.
There is a 21-day freeze period for withdrawing assets from lock-up.
The service is expected to be implemented on the mainnet in the fourth quarter of this year.
“This is a historic milestone on Starknet’s path to full decentralization. As one of the first Layer 2 solutions to offer such an opportunity to token holders, we are moving closer to having a network that is fully governed and operated by the community,” stated StarkWare CEO Eli Ben-Sasson.
In the future, the developer team plans to introduce more governance features for stakers.
Earlier, Starknet created the Snapshot X protocol for on-chain voting without gas costs.