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 shares 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 for three reasons:
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 for governance and security purposes.
Apart from the first point, there doesn’t seem to be anything particularly special. However, Ignas emphasizes the staking rewards curve in the image below, showing that STRK will have significant staking rewards upon its launch. As staking rates increase and rewards decrease in the future, it will also help regulate inflation and incentivize stakers to participate.
The Starknet Foundation has already completed the airdrop snapshot, with 9% of the total supply of STRK allocated for the airdrop. Ignas predicts that the airdrop may occur after the Cancun upgrade, as the upgrade will reduce L2 costs and benefit Starknet.
Furthermore, the modular blockchain project Celestia had previously retweeted Starknet’s official tweet, leading the crypto community to speculate that TIA stakers may receive a token airdrop.
Finally, Ignas also expresses optimism about METIS, stating that while STRK’s token economics may not be revolutionary, it has achieved a certain level of innovation for L2. In fact, compared to most L2 projects, STRK shares 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 believes that Metis (METIS) is an L2 project with excellent token economics and plans to write about it separately in the future.