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55 Greed

Starknet's L1 Exit Plan: Eli Ben-Sasson Explains STRK Bet

Original title: 🟢 LIVE : STRK’s L1 Bet: Eli Ben-Sasson on Starknet’s Exit Plan

The Defiant 52:11 553 views on YouTube STRK −17.7% ETH −0.8%

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Summary

Starknet says it is actively considering becoming an L1, leaving Ethereum to become what it calls the first fully quantum-resistant network, with 2027 as the target. StarkWare co-founder and CEO Eli Ben-Sasson joins Camila Russo to explain the plan on The Defiant livestream. The announcement came as an X post on Oct. 8, with no governance proposal attached. STRK ran from $0.05 to $0.12 in five days and has since given back most of that move. In the same week, StarkWare shipped Shadow Accounts, a privacy primitive giving users a separate address per app, and launched OffMarket, a service for trading on Polymarket without linking positions to a public wallet. The livestream description lists topics including what becoming an L1 means, what replaces Ethereum's settlement guarantees, who approves the move, when a proposal goes to governance, and why Ben-Sasson views the quantum threat as much closer than many think. It also lists his position in the bunker mode debate between Justin Drake, Vitalik Buterin and Yehuda Lindell, why StarkWare is demoing ML-DSA signatures when Buterin named lattices as the next risk, and Starknet's revenue, emissions and whether an L1 changes the economics.

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Key points

  1. Starknet says it is actively considering becoming an L1 and leaving Ethereum to become what it calls the first fully quantum-resistant network, with 2027 as the target.
  2. The announcement came as an X post on Oct. 8, with no governance proposal attached.
  3. STRK ran from $0.05 to $0.12 in five days and has since given back most of that move.
  4. StarkWare shipped Shadow Accounts, a privacy primitive that gives users a separate address per app.
  5. StarkWare launched OffMarket, a service for trading on Polymarket without linking positions to a public wallet.
  6. StarkWare co-founder and CEO Eli Ben-Sasson joins Camila Russo to explain the plan on The Defiant livestream.

Questions

What is Starknet considering?
Starknet says it is actively considering becoming an L1 and leaving Ethereum to become what it calls the first fully quantum-resistant network, with 2027 as the target.
How was the announcement made?
The announcement came as an X post on Oct. 8, with no governance proposal attached.
What happened to STRK after the announcement?
STRK ran from $0.05 to $0.12 in five days and has since given back most of that move.

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