Implementing staking on Starknet marks a significant milestone in the network's development. Users can participate by locking STRK tokens into the staking contract as validators or delegators, earning rewards proportionate to their staking ratio. Staking not only strengthens network security and decentralization but also ensures a robust and democratic ecosystem management through economic incentive mechanisms. While the immediate impact may not be seen immediately, this process is moving forward as Starknet progresses towards its decentralization goals. Notably, Starknet is the first L2 network to officially launch staking functionality. Currently, the project team is focused on launching phase one of the staking service in September, with plans to expand it to the main network in October.