Immutable: IMX staking will be launched on Immutable zkEVM on June 19, and staking on Immutable X will end simultaneously

PANews reported on June 12 that Immutable said on the X platform: "IMX staking will be available on Immutable zkEVM on June 19. As part of the merger of Immutable X and Immutable zkEVM, staking on Immutable X will end on June 19. Starting at 00:00 UTC on June 19, IMX holders on Immutable zkEVM can stake and receive IMX rewards through active participation. Staking is a two-week round, and users must trade NFTs in markets using Immutable zkEVM to be eligible to participate. The total IMX reward consists of 20% of the 2% protocol fee taken by Immutable from each NFT transaction, paid according to the total amount staked and the time ratio. In addition, the last staking cycle of Immutable X will also end on the same day, when rewards will be distributed, and all staked IMX will be unstaked and returned to the user's wallet, and users will no longer be able to stake on Immutable X.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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