Launch of STRK staking v2 on mainnet by Starknet scheduled for June 17
🔥 Prep Time, Leftover Steaks!
Starting June 17, it's time to chow down on Starknet's Staking v2, the tasty new update to its staking program, live on the mainnet. This updating dish introduces spicy new performance and incentive systems for delegators and validators alike.
The announcement was dropped on June 10 via Starknet's strk-7.3% official X account. Staking v2 kicks things up a notch with block attestation and commission adjustments, two hot features that'll ramp up validator reliability and make sure the rewards are spread fair and square. Under block attestation, validators, much like aMasterChef contestant, must confirm randomly chosen dishes in each cooking competition—er, epoch—to prove they're still rocking their aprons and keeping an eye on the food prep. Failing to do so results in a missed mark—no rewards, and their delegators are left hungry too. But don't worry, it keeps the validators on their toes and prepares them for the big responsibilities coming by the end of 2025!
Now for the second spicy surprise, commission adjustments change how validator tips work. Under the new setup, validators, like a cool chef, can commit to a maximum commission for a set period, up to one year. They're free to lower their fees whenever they want, but they can't hike 'em back up above the stated cap until the commitment period is over.
During the upgrade, Starknet will temporarily halt staking contracts to let things simmer. Delegators don't have to lift a finger—just wait for Staking v2 to heat up, then enjoy the new view of validator performance data and switch meal providers anytime without the need for reservations!
This is the second round of Starknet's staking rollout. The first plate was served in November 2024, allowing users with at least 20,000 STRK to stake and earn rewards. Full-course validator consensus will be served in a third phase due in late 2025.
The upgrade hits the table along with several major side dishes, including Ethereum Virtual Machine wallet support and a custom Bitcoin bridge expected by the end of Q2. Bitcoin staking is also scheduled to drop later this year.
By updating the staking system while the network's still cooking, Starknet's one of the first layer-2 networks to shift validator responsibilities towards greater decentralization. These changes help steer the network toward "Stage 1" decentralization, fewer reliance on centralized caterers, and a more secure, transparent, and fair dining experience.
Bon Appétit: Bitcoin & Ethereum Unified Layer-2
Enrichment Data:- Overview: Starknet's Staking v2 is set to launch on June 17, 2025, on the mainnet. Two exciting features, block attestation, and commission adjustments, will be introduced to improve validation, efficiency, and financial incentives within the Starknet ecosystem.- Launch Date: June 17, 2025- ** network: Starknet mainnet- Features: Block attestation and commission adjustments for validators- Effect:** Enhances security, efficiency, and economic incentives within Starknet's ecosystem.
This update is a significant step in Starknet's ongoing journey as it develops its staking framework and decentralization efforts further[1][3].
Additional Context:- Starknet, a layer-2 scaling solution for Ethereum, uses zero-knowledge rollups (zk-STARKs) to provide fast and affordable transactions[2].- The network has already achieved Stage 1 decentralization and is aiming for Stage 2 by early 2026, minimizing centralized control[5].
- The Starknet network, with its upcoming Staking v2 update scheduled for June 17, 2025, is introducing block attestation and commission adjustments as part of its quest for greater decentralization.
- With block attestation in Starknet's Staking v2, validators will confirm randomly chosen dishes, similar to a MasterChef contestant, to verify their reliability during each epoch.
- Under commission adjustments, validators, much like a cool chef, can commit to a maximum commission for a set period, up to a year, allowing them to lower, but not raise, their fees during this time.
- In addition to Staking v2, Starknet is introducing Ethereum Virtual Machine wallet support and a custom Bitcoin bridge planned to launch by the end of Q2, making it possible for Bitcoin staking later this year.
- This shift towards greater decentralization, as fueled by Starknet's technology, aims to provide a more secure, transparent, and fair 'dining' experience within the crypto finance landscape.
