Starknet launches phase 1 staking on Ethereum layer 2

Starknet launched staking with a 20,000 STRK minimum requirement for solo staking while enabling delegation for broader participation.

Starknet, an Ethereum layer-2 (L2) scaling solution, rolled out the first phase of its staking mechanism, allowing holders of its STRK tokens to stake and contribute to network security and functionality.

Participants with at least 20,000 Starknet (STRK) tokens can now participate in solo staking to secure the network and earn rewards. Those holding fewer tokens can delegate their tokens to validators to contribute indirectly.

The phased rollout starts with validators performing basic staking functions, including running full nodes and interacting with staking contracts, taking on more critical roles like block creation and validation over time.

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