Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Starknet Community Approves STRK Staking Proposal
ALTCOIN NEWS

Starknet Community Approves STRK Staking Proposal

By Crypto FlexsSeptember 13, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Starknet Community Approves STRK Staking Proposal
Share
Facebook Twitter LinkedIn Pinterest Email
  • STRK holders have approved the staking proposal.
  • The staking feature aims to increase the security and efficiency of Starknet.
  • The new STRK casting curve was also passed as proposed.

The Starknet community has completed its first mainnet vote and approved a proposal to implement STRK staking.

The Ethereum Layer 2 network introduced the STRK staking idea on August 20, saying it would enhance the network’s security, decentralization, and efficiency, and encourage participation in a “democratically governed ecosystem.” Voting on the proposal began on September 10.

STRK holders ratify staking proposal

On Friday, a majority of STRK token holders approved the governance proposal “SNIP 18” to implement staking within Starknet. 98.94% of the 0.08% of voters voted in favor of the proposal, 0.61% voted against, and 0.45% abstained.

Voting on the STRK staking parameter has ended with 98.94% in favor.✅

Below are the staking numbers at launch as determined by this vote.

Now it’s time to finish shipping. See you in Q4, future stakers 🫡 pic.twitter.com/MJPtkHadvV

— Starknet 🐺🐱 (@Starknet) September 13, 2024

This vote paves the way for Starknet to introduce STRK staking on the testnet ahead of its mainnet launch by the end of the year. Once launched on mainnet, Starknet will allow users holding 20,000 or more STRK to stake their tokens, with a 21-day lockup period before funds can be withdrawn.

The proposal also approved a new mining curve mechanism that would allow STRK supply to “dynamically adjust” in response to staking participation. This feature aims to balance staking incentives while meeting inflation expectations.

As development progresses, Starknet is eager to gradually integrate additional governance functions and responsibilities for STRK stakers, including a potential role for stakers in decentralizing the network’s sequencers and probers.

STRK surged to a daily high of $0.403 on Friday, partly due to the news, but the token is still down 89.27% ​​from its all-time high of $3.66 on February 20. At the time of writing, STRK was priced at $0.39 and had a market cap of $699,874,363, according to CoinMarketCap data.

Stay up to date on recent leadership changes at the Starknet Foundation.
Starknet has shaken up its executive team. Here’s what you need to know.

Read about Binance’s charity efforts in Vietnam:
Binance Offers $1 Million BNB Airdrop to Users Affected by Typhoon Yagi

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025
Most Popular

Arthur Hayes said the cryptocurrency asset faces a “violent bull sell” around the Bitcoin halving as the Fed uses its “Bag of Tricks” to bail out banks.

April 9, 2024

Dubai’s Blockchain Life 2024 – Waiting for ToTheMoon

February 7, 2024

Solana heavy snow? Prices plummet during a market correction – will things get worse?

May 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.