Starknet has launched its staking program for STRK tokens, becoming the first Ethereum layer-2 network to enable staking, according to a Nov. 26 statement shared with CryptoSlate.
The program aims to empower token holders to participate in securing the network while earning rewards.
In this initial phase, token holders with at least 20,000 STRK can stake directly on the network. Those with fewer tokens can delegate their holdings to validators. Both groups will face a mandatory 21-day lockup period for unstaking, with rewards distributed proportionally based on the amount staked.
Meanwhile, Starknet also encourages participants to use staking-enabled wallets, paving the way for broader institutional and retail adoption.
StarkWare CEO Eli Ben-Sasson said the launch of staking is a significant moment for the network. He emphasized that the staking initiative showcases blockchains’ potential to handle increasing demand through rollups.
This milestone follows Starknet’s recent achievem
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