Starknet has adopted a new staking method with a flexible STRK formation curve.
The Starknet community has approved a dynamic tattoo curve for STRK tokens. The Manning curve adjusts token supply based on participation levels. The Starknet Foundation can also modify secret parameters to control price inflation and rewards.
The Starknet community has successfully passed a proposal to implement a dynamic minting curve for STRK tokens, a significant step to balance incentive incentives with token supply.
Nearly 98.94% of voters supported the new staking system to provide more control over token inflation while encouraging user participation. It makes Starknet the first major Ethereum Layer 2 (L2) to deploy staking functionality.
The new Manning Curve included in the approved proposal is based on Professor Noam Nissan's “Proposal 2”, with minor modifications. Adjusts design size based on engagement levels.
StarkNet Foundation Executive Director James Strudwick announced the approval as Starkware Gaming's CEO and echoed those sentiments, saying the approval is “a real contribution to the community — literally and figuratively — for the foreseeable future.”
How to make a dynamic minting curve
A variable minting curve adjusts the minting speed (M) based on the height (S) and constant (C) initially set at 1.6. The formula allows the token supply to be adjusted according to how many users own it, preventing inflation when inflation is high and encouraging participation when participation is low.
In addition, the StarkNet Foundation or a designated funding committee is responsible for adjusting disbursement parameters. This includes the ability to vary the constant (C) in the range of 1.0 to 4.0, depending on vertical trends.
Any changes to billing rates require public announcements and a two-week notification period for community review, ensuring transparency.
With this dynamic system, Starknet helps to foster a more engaged community and encourage long-term network engagement, ensuring the platform's stability and growth.
