Starknet makes history as first L2 to introduce staking on mainnet

Starknet launched phase 1 of STRK staking on its mainnet, becoming the first layer 2 network to launch the staking framework.

Ethereum-based scaling solution Starknet (STRK) announced the launch of staking on its mainnet, becoming the first layer 2 network to do so. In its X announcement on November 26, Starknet said that the phase 1 rollout introduces a staking framework that allows users to participate as validators or delegators.

STRK Staking phase 1 is officially live on Mainnet!

If you want to get involved in this initial phase (or future phases) and contribute to decentralizing Starknet, you can now:
💠 Become a Validator: Public, this requires running a full node and staking… pic.twitter.com/zxIIW6dQf3

— Starknet 🐺🐱 (@Starknet) 26 November 2024

Validators running full nodes must stake a minimum of 20,000 STRK (approximately $11,400 as of press time), while delegates can delegate tokens without technical requirements. Starknet noted that wallets such as Argent and Braavos will support staking. Additionally, professional validators such as Luganodes, Validation Cloud and Staking Rewards have also joined the initiative.

Starknet moves closer to decentralized PoS network

Starknet’s staking model represents a significant step towards its goal of becoming a fully decentralized stake-of-stake network. Phased deployment begins with permissionless staking and staking delegation, allowing validators to run full nodes and prepare for future phases.

Phase 2 will involve validators verifying blocks, followed by block voting and verification in phase 3. In phase 4, validators will take full responsibility for block generation and network security. While Starknet hasn’t set an exact timeline for all phases, the phased rollout aims to test the system, gather feedback from the community, and ensure a smooth transition.