Starknet token holders have completed voting for mainnet token staking according to recent reports.
The network initiated its first governance voting on September 9.
Ethereum Layer-2 Starknet has been debating the idea of token staking for several months. Leading blockchain ecosystems such as Solana, Ripple, and TON allow staking for token holders. In the last few hours, following a governance voting, Starknet has finally approved mainnet token staking.
Notably, the voting went live on September 10 and token holders voted on several specifications within staking. The vote saw immense support for STRK staking, where 98.94% of holders voted for the motion. Additionally, 0.61% of holders voted against staking and 0.45% abstained.
Moreover, in the new mechanism users who hold more than 20,000 STRK can stake their tokens on the mainnet for rewards. Apart from this, the network has also made modifications to new tokens’ minting mechanisms. Additionally, the current mainn
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