Starknet has initiated Phase 1 of its staking program on the mainnet. This marks a significant step towards decentralization as it becomes the first major Ethereum Layer 2 rollup to implement a staking mechanism directly on Layer 2.

This program allows STRK token holders to participate as either validators or delegators, contributing to the protocol’s transition to a proof-of-stake (PoS) model. Validators are required to stake a minimum of 20,000 STRK and operate a full node, while delegators can join without any minimum stake requirement.

The initiative aims to promote extensive community participation and enhance network security. Key features of the staking mechanism include:

• A 21-day lockup period for withdrawals.
• A capped inflation rate of 1.6%, designed to foster a sustainable and secure staking environment for all participants.

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