Starknet becomes the first Ethereum Layer 2 network to support crypto staking

ChainCatcher news, Ethereum Layer2 scaling solution Starknet officially launches its crypto staking feature, becoming the first Ethereum L2 network to support users earning rewards through staking tokens. Users holding at least 20,000 STRK (approximately $12,000) can become validators, staking their assets as collateral to validate transactions and earn rewards; users holding less than 20,000 STRK can delegate their tokens to validators for staking.

Users must wait 21 days to stake and retrieve their tokens, including the rewards generated during the staking period. Meanwhile, Bitwise Asset Management announced that it will operate a public validator node for STRK holders to delegate staking and provide independent validator services for institutional clients.