Starknet debuts Ethereum layer-2 staking with Bitwise as early validator
Starknet has launched its staking program for STRK tokens, becoming the first Ethereum layer-2 network to do so. The program allows token holders with at least 20,000 STRK to stake directly, while those with fewer can delegate their tokens to validators. A mandatory 21-day lockup period applies for unstaking, with rewards distributed based on the amount staked. Starknet encourages the use of staking-enabled wallets to promote broader adoption. StarkWare CEO Eli Ben-Sasson highlighted the significance of this launch, noting Starknet's capability to handle increased demand through rollups. The network recently achieved processing 857 transactions per second. Bitwise has become one of the first validators for Starknet’s staking program, leveraging its Ethereum staking experience and offering a public validator address for STRK holders. Bitwise views Starknet as a key player in advancing blockchain technology through innovations like ZK-STARKs and the Cairo programming language.
