IMX Staking Transfer to Immutable zkEVM With New Benefits System and NFT Trading Requirements
Immutable has announced that IMX staking will officially move to its new blockchain, Immutable zkEVM, on June 19 at 00:00 UTC. This marks the end of staking on Immutable X, as the platform moves towards a complete merger with Immutable zkEVM. Once the migration is complete, staking will run under a biweekly cycle system on Immutable zkEVM. They can either bridge funds through Layerswap straight to Immutable zkEVM, usage Ethereum as a middle step, or wait till Immutable X fully combines with zkEVM, a process that may not finish up until late 2025.
Immutable has actually announced that IMX staking will formally move to its brand-new blockchain, Immutable zkEVM, on June 19 at 00:00 UTC. As part of this shift, all staked IMX tokens and pending benefits from the older Immutable X chain will be automatically unstaked and sent back to user wallets. This marks completion of staking on Immutable X, as the platform moves toward a complete merger with Immutable zkEVM. As soon as the migration is total, staking will run under a biweekly cycle system on Immutable zkEVM. To qualify for rewards, users should stake IMX and likewise trade at least one NFT on marketplaces linked to the new chain’s orderbook during each 14-day reward period. Supported platforms include TokenTrove, Sphere, and OKX NFT Marketplace. This brand-new condition motivates active involvement in the NFT community. Users who formerly staked on Immutable X have several options. They can either bridge funds via Layerswap directly to Immutable zkEVM, use Ethereum as a middle action, or wait until Immutable X totally combines with zkEVM, a process that might not finish up until late 2025. Nevertheless, Immutable encourages against waiting, as users will miss out on multiple benefit cycles in the meantime.
Reward Swimming pool and Calculation: Benefits will be drawn from 20% of the procedure’s trading charges. Immutable charges a 2% trading charge, and one-fifth of this will money staking benefits every 2 weeks. The quantity earned depends upon both the quantity of IMX staked and how long the tokens are held during a cycle. Longer and larger stakes will lead to higher benefits, based on a weighted formula. Immutable zkEVM supports several wallet alternatives, including the Immutable Passport, hardware wallets, and popular web browser wallets such as MetaMask and Rabby. Official guides are offered to help users bridge and stake their tokens properly.
Immutable has announced that IMX staking will formally move to its brand-new blockchain, Immutable zkEVM, on June 19 at 00:00 UTC. They can either bridge funds by means of Layerswap directly to Immutable zkEVM, use Ethereum as a middle step, or wait till Immutable X completely merges with zkEVM, a process that might not complete till late 2025. Immutable zkEVM supports numerous wallet options, consisting of the Immutable Passport, hardware wallets, and popular web browser wallets such as MetaMask and Rabby.
