Immutable X Launches Staking Rewards, to Provide 20% of Protocol Fee to $IMX Stakers

Immutable X announced the launch of Staking Rewards. To be eligible for Staking Rewards, users need to stake $IMX, and trade at least one NFT on the Immutable X protocol during a staking cycle (14 days). Immutable X has a 2% protocol fee, 20% of which will be allocated to Staking Rewards. The rewards will be converted to $IMX on the open market and proportionately redistributed to $IMX stakers based on the amount staked.
Source

DeFi

Staking

Layer 2

Immutable X

In This Article

Related News
Morph CEO Cecilia Hsueh stepping down with ex-Binance exec to take over Morph CEO Cecilia Hsueh stepping down with ex-Binance exec to take over
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Sony’s Soneium debuts its first music NFT collection with crypto record label Sony’s Soneium debuts its first music NFT collection with crypto record label
Corn raises $8.3 million in community funding to push Bitcoin’s use on its Ethereum Layer 2 Corn raises $8.3 million in community funding to push Bitcoin’s use on its Ethereum Layer 2
Latest News More More
2 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
3 Days Ago North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
3 Days Ago JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
6 Days Ago Ethereum community plans onchain ‘time capsule’ to mark 10th anniversary of network’s genesis block
June 25 Circle's post-IPO stock surge pushes market cap near Coinbase and USDC
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open