📣 Tune in for #AptosAllAccess: The #ExperienceAptos Edition 🇰🇷
Featuring hosts from @AptosLabs and guests from across the ecosystem who lived it. Are you ready for the alpha from Seoul, anon?
Wednesday, Sept. 11 at 5 PM PT
https://t.co/N4MmskkUVK
Staking on Starknet is a monumental milestone for our network.
Here is everything you need to know about it 👇
1️⃣ What is staking on Starknet?
Staking involves locking your STRK tokens in the Starknet staking contract to earn rewards proportional to your stake.
You can participate as:
A Staker: You are expected to run a full node.
A Delegator: You can delegate your STRK tokens to a staker.
2️⃣ Why is staking a milestone for Starknet?
Staking is a significant milestone for Starknet as it enhances the network's security, decentralization, and efficiency. It incentivizes participation and aligns economic interests, ensuring a robust and democratically governed ecosystem. While all effects might not be immediate, step by step, Starknet moves closer to its vision of decentralization. Notably, Starknet is the only L2 to announce and implement staking so far.
Staking also adds a new utility to the STRK token:
✅ Gas fees payment on Starknet
✅ Governance
⏳ Staking (Q4 2024)
3️⃣ Why is the staking protocol implementation gradual?
We aim for a stable and reliable PoS mechanism long-term. Staking is crucial for the network's stability and security. Therefore, it requires comprehensive testing and validation. Introducing features in small, manageable milestones ensures careful implementation and integration. This approach allows for refinement and issue resolution as they arise, and it gives network participants time to adapt, maximizing stability during the transition.
4️⃣ How to stake STRK once live on Starknet?
You can participate as a "Staker" or a "Delegator."
Stakers: Expected to run a full node, and to stake a minimum of 20k STRK
Delegators: Can delegate tokens to a specific staker through a simple transaction on the official UI or through various dApp UIs (wallets, explorers, etc.).
And here is an alpha: several teams are developing LST products on top of our staking feature, allowing simultaneous participation in staking and Starknet DeFi (but introducing some risks).
Note that all community members can participate as stakers or delegators. However, StarkWare, the Foundation, and locked tokens cannot participate during the initial stage of staking.
5️⃣ Is there a lockup period for Staking?
Yes, if stakers and delegators decide to unstake their tokens, they must wait a 21-day lockup period to receive their tokens. During this time, they will not earn staking rewards and cannot withdraw their funds. This measure ensures the network's security and stability.
On the other hand, delegators can change their delegate at any time without a lock-up period, enhancing the delegation market’s competitiveness.
6️⃣ What is the Starknet minting curve?
The Starknet minting curve is a predefined schedule dictating how new tokens are created and distributed to stakers. It reacts to the market:
If a lot of STRK is locked, inflation will be higher, and rewards lower. If less STRK is locked, inflation will be lower, and rewards higher.
This incentivizes participation in staking without causing excessive inflation and while ensuring a substantial portion remains available for DeFi activities and fee payments. Inflation will be capped between 1.8% and 2.5%.
7️⃣ Wen wen wen?
We aim to launch the first phase of staking:
🎯 On Testnet in September
🎯 On Mainnet in October
Yes, this huge milestone is happening very soon! 🤓
The next stage, a few months after the first, will include:
🔺Voting power
🔺Attesting blocks
🔺UI improvements
If you have more questions about staking let us know 🤓
For more 👇
https://t.co/CaWEX86bks
Starknet Staking Proposal 🗳️
STRK staking is coming on Mainnet in Q4 2024! 🎯
Discover everything you need to know about it from @OhadBarta at @StarknetCC 🎙️
The primary barrier to blockchain gaming adoption is the terrible UX.
Fortunately, the Starknet gaming ecosystem is currently working to make web3 gaming as easy (and fun) to play as web2, while ensuring full asset ownership.
Some gaming projects are notably innovating in this space, such as @influenceth and the @LootRealms ecosystem, leveraging Starknet's unique features:
✅ Session Keys
✅ 2FA - 3FA
✅ Ultra-low gas fees
✅ Low latency
Take the Starknet gaming pill anon: https://t.co/Px5Kjcf96Z
And if you want to buidl your Starknet gaming project, it’s time to take a look at @ohayo_dojo and @cartridge_gg 👀
#Bitget has completed @Starknet's integration.
You can now deposit and withdraw $ETH via Starknet on Bitget. ⛓️
Head to Assets > Spot Account > Deposit/Withdrawal page and select the Starknet's network for your transactions.