According to The Block, the Starknet community has approved the proposal that includes the STRK staking implementation.
The proposal, dubbed “SNIP 18” by core developer StarkWare, has been approved by the majority of STRK token holders.
This approval allows anyone holding more than 20,000 STRK to stake on the Starknet network starting in the fourth quarter of this year.
At this point, Starknet will allow token holders with at least 20,000 STRK to become stakers, while allowing others to delegate authority to them.
“This approval is a historic milestone in Starknet’s march towards full decentralization. As one of the first Layer-2s to offer this opportunity to token holders, we are getting closer to having a network that is fully operated and managed by the community, for the community,” said Eli Ben-Sasson, CEO of StarkWare.
Starknet (STRK), an Ethereum layer-2 scaling solution that spiked to $7 after being listed on Binance but then experienced sharp declines, continues to trade at $0.39.
*This is not investment advice.