DeFi Researcher Highlights Starknet (STRK) as One of the Top L2 Token Economies, Optimistic about Initial High Staking Returns
DeFi researcher Ignas is optimistic about the initial staking rewards that will be brought by the launch of the Starknet (STRK) token airdrop. He believes that STRK has more similarities with L1 blockchain tokens and provides a clearer value proposition compared to other L2 projects.
Ignas believes that Starknet (STRK) has one of the best token economics among all L2 projects. He supports this claim with three points:
1. STRK will be used to pay gas fees, which is different from the majority of L2 projects.
2. Voting rights are allocated to delegated representatives.
3. There is a native staking mechanism used for governance and security.
Apart from the first point, there doesn’t seem to be anything particularly special. However, Ignas emphasizes the staking rewards curve in the graph below, stating that STRK will have significant staking rewards when the token is launched. As the staking rate increases and rewards decrease, it will help regulate inflation and incentivize stakers to participate.
The Starknet Foundation has already completed the airdrop snapshot, and 9% of the total supply of STRK will be used for the airdrop. Ignas predicts that the airdrop may occur after the Cancun upgrade, as the upgrade will reduce L2 costs and Starknet will benefit from it.
Additionally, the modular blockchain project Celestia had previously retweeted a tweet from the official Starknet account, leading the crypto community to speculate that TIA stakers may receive a token airdrop.
Ignas also speaks highly of METIS, stating that while the token economics of STRK are not revolutionary, they have achieved a certain level of innovation for an L2 project. In fact, compared to most L2 projects, STRK has more similarities with L1 blockchain tokens as it is used for transaction fees and staking, providing a clearer value proposition than other L2 projects. He also mentions that he will write another article on Metis, which he believes has excellent token economics.
Celestia
Metis
StarkNet
STRK
TIA
Further reading:
Starknet Foundation unveils upcoming airdrop: Plans are still in the drafting stage
What impact will the issuance of the STRK token by Starknet have on the industry?
