In a recent announcement, Starknet, a notable layer-2 Ethereum project, revealed that it will be launching staking on its main network on November 26. This development follows an earlier proposal by StarkWare, the primary developer behind Starknet, which was introduced in July but lacked a specific rollout date. According to the project team, staking will be open to all participants.
To operate a node, validators must hold a minimum of 20,000 STRK tokens, valued at $9,610. Delegators, on the other hand, can choose a validator to delegate their stakes to, provided they hold STRK tokens.
A 21-day unstaking lockup period will apply to both validators and delegators. The launch of STRK staking on the mainnet is set for November 26, following extensive testing on Sepolia.
Participants can engage by either becoming a validator, which requires a minimum stake of 20,000 STRK, or by delegating their stakes to a chosen validator. StarkWare has been expanding its focus beyond the Ethereum layer-2 landscape, redirecting some of its research and development efforts towards the Bitcoin ecosystem. Recently, the StarkWare team, in collaboration with prominent Bitcoin developers, achieved significant breakthroughs in features that could enhance Bitcoin's programmability.