Starknet Nears Completion Of First Phase Of STRK Staking

According to Odaily, Ethereum Layer 2 network Starknet announced on Platform X that the first phase of STRK staking is nearing completion. This phase includes the development of the STRK staking contract, community governance on STRK staking parameters, and the testnet for the first phase. The mainnet for the first phase is expected to be completed by the fourth quarter of 2024. Starknet's transition to a fully decentralized Proof-of-Stake (PoS) network will take time.