{"id":211240,"date":"2023-12-12T21:17:56","date_gmt":"2023-12-12T15:47:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=211240"},"modified":"2023-12-12T21:17:56","modified_gmt":"2023-12-12T15:47:56","slug":"layer-2-starknet-unveils-plan-to-distribute-3-5m-in-fees-to-developers-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/layer-2-starknet-unveils-plan-to-distribute-3-5m-in-fees-to-developers-crypto-news\/","title":{"rendered":"Layer 2 Starknet Unveils Plan To Distribute $3.5M in Fees To Developers – Crypto News"},"content":{"rendered":"

<\/p>\n

\u201cDevonomics\u201d will distribute 8% of fees (roughly $3.5 million) to its builders.\n<\/p>\n

\n

Ethereum<\/a> Layer 2 ecosystem, Starknet, unveiled today a new pilot program that will reward a percentage of fees to the project’s developers.<\/p>\n

Dubbed Devonomics, the pilot program will allocate roughly 8% of all transaction fees recollected, which is 1,600 ETH, or $3.5 million, to Starknet\u2019s community of builders. It will distribute all fees accumulated from launch to Nov. 30.<\/p>\n

Initially, the distribution rounds will be funded in ETH, with the intent to transition towards the project\u2019s native token, STRK. The token is not yet available for trading.<\/p>\n

\u201cThis is all about giving the hands-on builders a strong voice in shaping the network,\u201d said StarkWare\u2019s CEO, Uri Kolodny, in a press release today, adding that \u201cthe program is about values, and not just value.\u201d<\/p>\n

In early September, fuelled by speculation regarding STRK\u2019s launch, activity on Starknet surged<\/a>. The network posted record-high 9 transactions per second (TPS), and ranked second most active L2 by transaction volume, according to L2beat. It has since dropped and currently ranks 9th, with 2 TPS, and a TVL of $135 million\u2013a 13% drop in the past 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u201cDevonomics\u201d will distribute 8% of fees (roughly $3.5 million) to its builders. Ethereum Layer 2 ecosystem, Starknet, unveiled today a new pilot program that will reward a percentage of fees to the project’s developers. Dubbed Devonomics, the pilot program will allocate roughly 8% of all transaction fees recollected, which is 1,600 ETH, or $3.5 million, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-211240","post","type-post","status-publish","format-standard","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=211240"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211240\/revisions"}],"predecessor-version":[{"id":211241,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/211240\/revisions\/211241"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=211240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=211240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=211240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}