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will allow users holding 20,000 or more STRK to stake their tokens, with a 21-day lockup period before funds can be withdrawn.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

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 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

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Nigeria sues Binance for $10 billion in damages

March 1, 2024

New York AG sues promoters of two cryptocurrency schemes that resulted in losses of more than $1 billion

June 8, 2024

Bitcoin Miner Riot Platforms Reports Widening Q2 Loss, Buys More Bitfarms Shares

August 1, 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.