Starknet, a leading layer-2 scaling solution for Ethereum, has launched the first phase of its staking program, enabling token holders to actively participate in securing the network. Announced on Nov. 21, the initiative marks a significant milestone in Starknet’s journey to decentralize its ecosystem further. Token holders can now stake their Starknet tokens (STRK) and earn rewards while contributing to the network’s overall stability and performance.
The initial phase focuses on non-custodial staking, allowing participants to delegate their tokens to validators while maintaining full control of their assets. Starknet has onboarded a select group of validators to ensure a smooth rollout, with plans to expand the validator set in subsequent phases. This approach aims to balance network security with accessibility for both institutional and retail stakeholders.
Starknet’s staking program is part of its broader roadmap to enhance scalability and decentralization. By incentivizing community participation, the network seeks to strengthen its infrastructure and support the growing demand for decentralized applications (dApps) on Ethereum. Developers and users alike are expected to benefit from the improved network efficiency and security provided by this staking mechanism.
As competition among Ethereum layer-2 solutions intensifies, Starknet’s staking program positions it as a strong contender in the scalability space. With more phases to follow, the program reflects Starknet’s commitment to creating a robust and community-driven ecosystem. Analysts see the move as a critical step toward achieving greater decentralization and fostering long-term growth in the Ethereum ecosystem.
