TechFlow reported, according to CoinDesk, StarkWare CEO Eli Ben-Sasson said at the ETHCC summit in Brussels, Belgium, that the Layer 2 network Starknet will open staking on its ecosystem by the end of 2024. Ben-Sasson submitted a Starknet Improvement Proposal (SNIP) to the community suggesting users would have the option to become stakers, with rewards proportional to the amount of STRK tokens staked. If the proposal is approved by the community, a staking testnet for Starknet will launch shortly, followed by mainnet deployment in the final quarter of 2024. Stakers will be required to lock their tokens for 21 days before they can withdraw funds.
StarkWare, the primary development company behind Starknet, stated that staking will roll out in several phases. In the first major phase, stakers will need to connect to Starknet, interact with the staking contract, and follow the proposed protocol rules for staking. The teams at StarkWare and the Starknet Foundation will study user staking behaviors to inform future updates to the staking mechanism. In later phases, stakers will be required to provide real-time proofs for block contents, and in the final stage, they will carry out sequencing and proving activities to fully secure the network. Ben-Sasson said this marks a crucial step in building both the staking community and technology, offering new opportunities for users and developers alike.
