Staking Insider #39: Starknet staking

GM fellow staker,

Bitcoin hit $100K for the first time in history yesterday & Ethereum has broken back over $4k 🥂

For those of you that have been staking through the bear market, up until now, we salute you. 🫡  Remember, we are still early.

🏆 The First zkRollup with a Decentralized Sequencer

Layer-2 Rollups are paving the way for Ethereum to scale to millions more users. 

With over $57.91 B in Total Value Locked (TVL) across L2 Rollups, this vision is already beginning to blossom.

Sequencers play a critical role in the success of L2 Rollups. In short, Sequencers manage transactions between the L2 and Ethereum, enabling lower fees and quicker confirmations.

One aspect that often flies under the radar, is that all of the major L2s (i.e. Arbitrum One, Base, and Optimism) have opted to run their own centralized sequencers, operated by their core dev teams.

Starknet is set to be the first major rollup with a permissionless sequencer set. Setting a new standard when it comes to decentralizing L2s.

Staking on Starknet went live on 26 Nov and is the first milestone in achieving this goal… 

Read the full article
 

📖 STRK Staking: The Story So Far

With the launch of staking on Starknet going live last week, STRK holders now have an opportunity to earn a yield on their tokens.

Here's a snapshot of STRK staking activity over the first 7 days:

- 82.48m STRK staked

- 34,600 staking wallets

- 3.65% of eligible supply staked

Track staking over time and compare all STRK validators side-by-side, including their reward rates and fees via the STRK staking dashboard.

Explore STRK staking

📰 Weekly Briefing

Here’s this week’s top news from the world of crypto & staking.

• Privacy protocol Namada launches on mainnet
• Wormhole staking goes live across all chains (EVM + Solana)
• Financial Times issues an apology to BTC holders
• EVM compatible Layer 1 Monad begins rolling out testnet 
• Binance Introduces Babylon BTC Staking Under On-chain Yields

🎤 Vitalik on the Future of Ethereum Stakin

Staking should start at 1 ETH instead of 32 ETH.

Vitalik shared a bold vision for the future of staking on Ethereum at this year’s Staking Summit.

His talk included why PoS is better than PoW, the future of staking revenue and decentralizing block production.

Catch his talk in full over on our YouTube channel

🤖 Babylon BTC Staking to Go Live Next Week

The world’s first non-custodial BTC staking protocol, Babylon, will open the cap for staking again on 10 Dec at around 11:00. 

This time, the window to stake will last 1,000 BTC blocks (roughly 1 week).

Babylon BTC staking has seen significant growth already, with 25,308 Bitcoin holders staking 23,290 BTC in a matter of hours during the last staking cap.

Interested to stake BTC? You can do so via the BTC Stake App on our website.

Stake Babylon BTC

⚙️ Validating in an Apocalypse Proof Bunker

How can we make AI as decentralized as possible?

You could build an underground apocalypse proof bunker to run a @bittensor_ validator on independent infra.

That's exactly what Adam from @21RoundTable has done. Don't believe us? Watch his full keynote at this year's Staking Summit to learn more about his Bittensor validator operation in rural Eastern Europe.