Starknet Launches First Phase of Staking for PoS Transition

Starknet has initiated the first phase of staking, marking a key step in its transition toward becoming a fully decentralized proof-of-stake (PoS) network. On September 25, the zero-knowledge rollup Layer 2 network announced the official commencement of staking, with completion slated for the end of 2024.

The initial testnet and mainnet for this phase are expected to go live in Q4 2024, according to a post from Starknet on X. This development follows a governance vote earlier this month, which was the network’s first community-driven decision since its February 2024 token airdrop.

Starknet’s First Governance Vote

The governance vote, which passed in September, paved the way for the launch of staking rewards and introduced Starknet’s token-minting curve. This curve is designed to balance network security incentives and inflation by decreasing rewards as more tokens are staked.

In the long term, Starknet’s staking model will evolve beyond basic token staking. Future phases aim to integrate advanced features such as real-time attestations and full sequencing and proving functionalities.

This staking rollout highlights Starknet’s commitment to progressively decentralizing its Layer 2 network while maintaining scalability and security.

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