TL;DR
- Starknet has officially launched its native staking feature.
- Starting from November 26, users with at least 20,000 STRK tokens can participate in staking, while others can delegate their assets.
- Staking offers dynamic rewards in STRK tokens and a 21-day lockup period for withdrawing funds.
Starknet has officially launched its native staking feature, becoming the first Ethereum rollup to implement this feature.
Requirements for Staking on Starknet
Starting from November 26, users holding at least 20,000 STRK tokens, equivalent to about $11,300, can participate directly in staking. Those holding fewer tokens can also delegate their assets to other validators, thus opening up the possibility of participation to a larger portion of the community.
This launch is an important step for Starknet in its goal of promoting a more decentralized network. The initiative, backed by the community’s approval in September, will allow validators not only to verify transactions but also to handle block sequencing, strengthening the security and operation of the network.
This process will be rolled out gradually, with validators expected to take on more responsibilities over time, eventually becoming fully responsible for securing the network through sequencing and proving activities.
One of the key features of staking is the dynamic rewards. Users who participate will receive rewards in the form of newly minted STRK tokens, with the amount adjusting based on participation in staking, thus encouraging greater involvement within the community. However, the withdrawal process will be subject to a 21-day lockup period, both for validators and delegators.
In Search of a Miraculous Recovery
The price of STRK has faced a significant drop from its all-time high of $4.41 in February 2024, falling by 75.5% to its current value of $0.573. Its decline has been a challenge for the token, which remains one of the most important assets on the network with a market cap of approximately $1.2 billion. Despite the volatility, the implementation of native staking aims to encourage STRK retention, with the expectation that, in the long run, the token’s value may benefit
