{"id":18925,"date":"2024-11-26T18:33:21","date_gmt":"2024-11-26T16:33:21","guid":{"rendered":"https:\/\/forklog.com\/en\/starknet-introduces-staking-with-returns-up-to-12-27-annually\/"},"modified":"2024-11-26T18:33:21","modified_gmt":"2024-11-26T16:33:21","slug":"starknet-introduces-staking-with-returns-up-to-12-27-annually","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/starknet-introduces-staking-with-returns-up-to-12-27-annually\/","title":{"rendered":"Starknet Introduces Staking with Returns Up to 12.27% Annually"},"content":{"rendered":"<p>Starknet has launched STRK staking on its mainnet, marking the first major L2 blockchain to offer this solution.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">STRK Staking phase 1 is officially live on Mainnet!<\/p>\n<p>If you want to take part in this initial phase (or in futures phases) and contribute to the decentralization of Starknet, you can now:<br \/>? Become a Validator: Open to everyone, this requires running a full node and staking a\u2026 <a href=\"https:\/\/t.co\/zxIIW6dQf3\">pic.twitter.com\/zxIIW6dQf3<\/a><\/p>\n<p>\u2014 Starknet ?? (@Starknet) <a href=\"https:\/\/twitter.com\/Starknet\/status\/1861394485978206580?ref_src=twsrc%5Etfw\">November 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Users can become validators with at least 20,000 coins ($11,200 at the time of writing) or delegate their assets to other participants.<\/p>\n<p>Several projects, companies, and validators have announced support for STRK staking, including Bitwise, zkLend, Karnot, among others. The service is also available in Argent and Braavos wallets.<\/p>\n<p>The annual interest rate ranges from 4.63% to 12.27%. Withdrawing STRK from staking takes 21 days, a rule that also applies to the rewards earned.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfxdnSYcewOQJH3I4yuisNO1Aqc-84H-4ccesfIrxFwgoiKNS7uxEXKFHChYI0GEBqZqFGkiLb-_lnDOYEYRAHnEAuXZZGkg1XHMVyEJUWTLp_tsC40k7jCpiKoRTK1EzDxHS0anw?key=9f7cYSIrLV-ZpmIY_8E2zoUF\" alt=\"\u0412 Starknet \u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b\u0438 \u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433 \u0441 \u0434\u043e\u0445\u043e\u0434\u043e\u043c \u0434\u043e 12,27% \u0433\u043e\u0434\u043e\u0432\u044b\u0445\"\/><figcaption class=\"wp-element-caption\">Table showing staking reward distribution. Source: <a href=\"https:\/\/x.com\/Starknet\/status\/1861394485978206580\">Starknet<\/a>.<\/figcaption><\/figure>\n<p>Developers emphasized that the launch of staking is the first step towards creating a fully decentralized PoS network.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Note that this is only Phase 1 of our plan to transform Starknet into a fully decentralized PoS network. <\/p>\n<p>Here&#8217;s the full roadmap to get there:<a href=\"https:\/\/t.co\/RbnJ6aSxFq\">https:\/\/t.co\/RbnJ6aSxFq<\/a><\/p>\n<p>\u2014 Starknet ?? (@Starknet) <a href=\"https:\/\/twitter.com\/Starknet\/status\/1861394580601741574?ref_src=twsrc%5Etfw\">November 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The price of STRK has adjusted by 8% in the last 24 hours amid a broader market downturn.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdJeJrAv7hQiEy7aTJs5tw1P4cKyb13UtjZTWEJX0Vn0omLxUXVSahs393t3KldwljzwcD05Sh0k4921gpcdlZsHvoEM8DeXctqJO0OXQiEaEFRAxSJjQoj9jGKr-7KX7xiRQmnPA?key=9f7cYSIrLV-ZpmIY_8E2zoUF\" alt=\"\u0412 Starknet \u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b\u0438 \u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433 \u0441 \u0434\u043e\u0445\u043e\u0434\u043e\u043c \u0434\u043e 12,27% \u0433\u043e\u0434\u043e\u0432\u044b\u0445\"\/><figcaption class=\"wp-element-caption\">Hourly chart of STRK on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3ASTRKUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In August, the Starknet community <a href=\"https:\/\/forklog.com\/en\/news\/starknet-community-to-vote-on-staking-launch\">planned<\/a> a vote on the staking launch. It concluded positively in September.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/39669\" data-width=\"100%\"><\/script><\/p>\n<p>In November, developers of the L2 network planned to quadruple transaction processing speed and reduce fees by five times in anticipation of a surge in user activity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starknet has launched STRK staking on its mainnet, marking the first major L2 blockchain to offer this solution. STRK Staking phase 1 is officially live on Mainnet! If you want to take part in this initial phase (or in futures phases) and contribute to the decentralization of Starknet, you can now:? Become a Validator: Open [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1289,1177],"class_list":["post-18925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-staking","tag-starknet"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18925"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18924"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}