Crypto Staking Launches on Starknet: Opportunities for Ethereum L2 Users
Tuesday, 26 November 2024, 05:34
Crypto Staking on Starknet: Overview
Crypto staking has now launched on Starknet, marking a significant milestone for Ethereum L2 blockchains. This innovative process allows participants to earn rewards by becoming validators or delegating their tokens.
What is Staking on Starknet?
- Requirements: To become a validator, one must hold 20,000 STRK, equating to approximately $12,000.
- Delegation: Users with smaller amounts can delegate their tokens to validators, ensuring broader participation.
- Advantages: Improved scalability and transaction efficiency for the Ethereum ecosystem.
Implications for Investors
With this launch, investors can now explore new avenues for earning passive income through staking on Starknet, enhancing the overall utility of their crypto portfolios.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.