Stark Launch

The Layer 2 Launch Pad

[Stark Launch @starklauncher]

So excited with Starknet

[Starknet @Starknet]

A few weeks ago, we announced the definitive targets of our 2024 roadmap:
🐺 Becoming the L2 with the highest TPS capacity
🐺 Average transaction fee consistently below $0.01

Now, let's discuss how we plan to achieve these targets! 👇

1⃣ Becoming the L2 with the highest TPS capacity thanks to Transaction Parallelization and Cairo Native

In order to fully understand both upgrades, here is a quick reminder: the mission of the Starknet sequencer is to process transactions and create blocks. Hence, any optimization of the Sequencer increases the network throughput. This is exactly what Transaction Parallelization and Cairo Native offer:

🐺 Transaction Parallelization allows the sequencer to concurrently process several transactions.
🐺 Cairo Native facilitates faster execution of Cairo instructions by circumventing an intermediate compilation step.

The principle behind Transaction Parallelization is very simple: rather than managing transactions sequentially (one by one), the sequencer will be able to manage transactions that are unrelated to each other at the same time. Crude example: an ETH/USDC swap on AVNU by user A with an NFT mint by B on Pyramid.

This will allow the Starknet sequencer to be able to handle many more transactions at the same time, reducing latency and increasing throughput 🕺

On its side, Cairo Native is a compiler with the goal to convert Cairo's intermediate representation (called Sierra) into Multi Level Intermediate Representation (called MLIR). In simple terms: Cairo Native makes it easier to understand Cairo instructions.

By integrating Cairo Native into the sequencer, the sequencer will be able to skip decoding & running cairo-vm instructions, and run native assembly directly, thus allowing it to execute transactions and create blocks more quickly!

Here is the superb analogy of @omarespejel to easily understand the implications of Cairo Native:
https://t.co/WXgNL4DzYh

2⃣ Reduction of DA costs through Volition

We have several optimizations planned at the stack level throughout 2024 to decrease fees and costs.

As you know if you're paying attention (🤓), Starknet’s main operating cost arises from the data we store on Ethereum, which is related to transactions made on Starknet. The EIP-4844 upgrade, along with various optimizations around it, resulted in a massive 95% cost reduction (!) on Starknet. This great cost reduction came with a corresponding reduction in transaction fees.

It’s huge, ngl, but we believe we can further reduce transaction fees by another order of magnitude this year. The main central feature in this effort will be Volition.

Volition will give developers the option to choose where the transaction data for their dApps are stored:
🐺 On Ethereum, which offers maximum security but for a higher fee (Rollup mode)
🐺 Directly on Starknet, which remains highly secure, albeit slightly less than Ethereum, while being significantly cheaper (Validium mode)

This will allow developers to optimize their contracts by choosing the data availability mode at the individual storage variable level. In this way, the trade-offs regarding gas fees associated with a dApp, and its level of security, will be determined by developers and users of each dApp themselves.

Note that Volition's timeline is still TBD.

In conclusion, the main takeaway is that Starknet aims to be the cheapest L2 to use on the market and the fastest by a significant margin. And our plan to get there is crystal clear:
🐺 Transaction Parallelization and Cairo Native to substantially increase our TPS capacity.
🐺 Volition to further reduce TX fees by a new order of magnitude.

Exciting time ahead 🧑‍🔬

[Starknet @Starknet]

5 million STRK tokens to support your Starknet creations 🐺

Whether you are a dev, a shitposter or a content creator, this program is designed with you in mind.

Just contribute to the growth of the Starknet ecosystem in your unique way and be rewarded 🫵

[Kakarot (Acquired by Zama) @KakarotZkEvm]

Km🥕

To continue the momentum of our AMA series, we're excited to unveil our next session with @evmwarfare, @QiDaoProtocol and @Swaplace_io !

🗓️ Save the date! See you on Tuesday 14 May at 1pm CET on our X platform.

🥕🥕🥕 Don't miss it! 🥕🥕🥕

[Stark Launch @starklauncher]

https://t.co/rVKCsIHcxh

[CairoSwap @cairoswap]

Our Cairo Aggregator Mainnet is coming in 2 weeks.

[Starknet @Starknet]

The Starknet Provisions Program is designed for a broad distribution of STRK to those who’ve substantially contributed to Starknet.

Here are a few relevant details:

✨1.3 million addresses.

✨50% of the token distributed to Starknet users.

✨Ethereum stakers until the Merge, EIP authors, Protocol guild members - you might be eligible for Provisions.

✨All fees for claiming STRK via the Provisions portal will be covered by the Starknet Foundation to ensure maximum ease for those eligible for STRK.

Find out if you're eligible >> https://t.co/Ej6BUIO6gW

[abdel @AbdelStark]

Amazing work by @class_lambda team on Cairo Native.
It was a crazy idea and it’s starting to show off very promising results.
Once it will be production ready it will bring a huge performance boost on the sequencer for @Starknet.
Congrats @fede_intern and team for this big milestone.

[Starknet Foundation @StarknetFndn]

Now that the news is out, we might as well tell you more!

Starknet is about each of you. Every user, builder and member of our community – existing and future – is a critical piece to building our network into the future of decentralisation for generations to come. The success of Starknet depends on this.

With that, we’re excited to share the next steps of our journey ahead together.

TLDR: We have plans to allocate over 1.8bn STRK tokens across multiple initiatives to drive the adoption and growth of the Starknet blockchain. The first is about to start soon.

1/ Provisions Committee & Initial Distribution of STRK

The Provisions Committee has been allocated 900M STRK for the fair, decentralised and transparent distribution of STRK over multiple programs and phases. The committee’s objective is to distribute ownership of the network’s native token and to reward past and future contributions by users and community members.

We’ve been working on the first phase of distributions for a while now and we are close to getting this over the line. There’ll be more formal communications on this soon.

2/ Network Rebates in STRK

Additionally, we’ve dedicated another 900M STRK to user rebates.

Planning for this initiative is currently underway and a new committee is being formed to oversee the distribution of STRK to reward users for their vital transactions on the network. This marks a bold step in valuing and empowering our user community by rebating them for their transaction fees on the network.

3/ On-Chain Incentives for DeFi

We’ve allocated an initial 50M STRK to explore the direct, indirect and retroactive incentivisation of activity on DeFi protocols by boosting liquidity, volume traded and general growth of the DeFi landscape on Starknet.

This is led by the DeFi Committee. They are nearing the end of their research phase and will move into execution and deployment in Q1 2024.

4/ And more!

Next week, we’ll be announcing an innovative new incentive mechanism for developers & dapps on the network. This is all we can reveal for now, stay tuned for our update next week.

* Eligibility to receive STRK tokens will be subject to terms & conditions.

[Starknet @Starknet]

99.99999% of the world doesn't know that Starknet Mainnet is the home to life-changing DeFi use cases.

we'll rip faces

[PAVEN DO @pavendo86]

Starknet is emerging with high #onchainreputation score & rank among dapps & L2s on #Ethereum with 973,232 UAWs, its user quality (average GRS per UAW 0.0085) is much lower than the average GRS per UAW 0.02 of all L2s. @OctanNetwork @Starknet
https://t.co/CYtpUEnesZ

[Stark Launch @starklauncher]

@Starknet Hi team, we are ready for the bull

[Stark Launch @starklauncher]

Congrats Kakarot Labs

[Kakarot (Acquired by Zama) @KakarotZkEvm]

Kakarot shifts into the next level, full power mode!

KKRT Labs is excited to announce the completion of its second investment round 🥕

The primary objective of this funding is to grow our team and speed up the development of our Ethereum scaling solutions 🧵👇

[Starknet @Starknet]

Starknet’s secure settlement on Ethereum scales the network by orders of magnitude. How?

✅Starknet’s STARK proof of bundled transactions and state diff are sent to Ethereum.
✅The verifier on Ethereum analyzes the proof.
✅Math—meaning the STARK proof—ensures all transactions are valid.
✅The confirmed proof is then sent to the Starknet core smart contract, which updates the Starknet state on-chain.
✅The new Ethereum block is then voted on by nodes and, voila! Finalized.

Learn more: 👇

[PAVEN DO @pavendo86]

Admit the emergence of #layer-2 scaling and #zkEVM, @zksync and @Starknet are ranked #1&2 by #reputation scores, according to @OctanNetwork's onchain reputation ranking & analytics https://t.co/eTW5ZAs3l0

[PAVEN DO @pavendo86]

(1) an inherent characteristics of all existing #AMMs: higher capital efficiency (so lower slippage for users) results in greater impermanent loss & complexities for LPs. Maverick @mavprotocol, UniswapV3 @UniswapFND trade off IL (LP's benefit) for slippage (user's benefit).

[PAVEN DO @pavendo86]

despite lower adoption, zkSTARK is quantum-resistant and scalable and potential to expand widely. Hope that @KakarotZkEvm can bring EVM to @Starknet soon. This a brief comparison bw the 2 technologies

[PAVEN DO @pavendo86]

the very first application of ZKP is onchain privacy. I reviewed ZKP & privacy protocols in 2019. Now, ZKPs are widely adopted to build layer-2s. zk-STARK, being developed by @Starknet, is trustless in setting but hard to make it EVM-compatible.
https://t.co/2WZPv7fVZk

[Stark Launch @starklauncher]

@Starknet Hi

[Stark Launch @starklauncher]

@ETHGlobal Exciting event 🔥

[Stark Launch @starklauncher]

@Starknet We are building Launch pad on Starknet 👀💪