Asset management firm Bitwise is deepening its role in the Ethereum ecosystem with its recent support for Starknet (STRK) layer 2 solution. The recent revealed it will support Starknet as the protocol moves to become the first L2 to enable staking for STRK.
Bitwise and the Starknet Deal
According to the asset manager, Bitwise Onchain Solutions will support STRK staking as a validator right from launch day. The firm said once the staking goes live, it will release its validator address to community members interested in delegating their tokens.
Bitwise praised Starknet’s role in the broader Ethereum ecosystem. It reiterated that for years, Starknet has promoted Open Source development in the network through zk-STARKS cryptography. As revealed, it has also fueled innovation using its native smart contract language, Cario.
Tomorrow, Starknet will become the first Ethereum L2 to enable staking for its native token (STRK), taking a big step towards further decentralization.
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