- For the first time, Starknet will allow STRK holders to vote on whether to add a STRK staking feature to its mainnet.
- September 2-4, 2024 is the date of the test voting; September 9–13, 2024 is the main voting session.
- Although the STRK staking function’s precise debut date is still pending confirmation, October is the projected launch month.
A major development in the ecosystem was announced by the Ethereum Layer 2 network Starknet: STRK holders would vote to allow STRK staking on the mainnet for the first time.
Timetable for STRK Staking Function Voting
The first staking feature to be incorporated into the Starknet platform will be STRK staking, giving users control over how it is implemented.
Starknet noted that STRK holders will be required to cast votes for both the suggested minting mechanism and the requirements for changing its specifications in a statement that was posted on the X platform. This would guarantee involvement and ensure that the staking function operates in accordance with the expectations and requirements of the community.
STRK Holders Will Affect the Staking Process
Although the precise date and timing of the staking function deployment are not yet known, Starknet expects October. The governance post provides a structured voting timetable to help direct this process.
Voting testing would take place from September 2, 2024, to September 4, 2024, during which time the suggestions would be available for viewing and commenting. A formal voting process is then scheduled for September 9, 2024, through September 13, 2024. The latter asks STRK holders to cast votes in favor of or against approving the staking function.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
