PANews reported on June 12 that Immutable stated on the X platform: "IMX staking will launch on Immutable zkEVM on June 19. As part of the merger between Immutable X and Immutable zkEVM, staking on Immutable X will end on June 19. Starting from 00:00 UTC on June 19, IMX holders on Immutable zkEVM can stake and earn IMX rewards through active participation. Staking will be conducted in two-week cycles, and users must trade Non-Fungible Tokens on markets using Immutable zkEVM to be eligible. The total IMX rewards are composed of 20% extracted from the 2% protocol fee of each Non-Fungible Token transaction, paid proportionally based on total staking amount and time. Additionally, the last staking cycle of Immutable X will also end on that day, with rewards being distributed, and all staked IMX will be unstaked and returned to user wallets, after which users can no longer stake on Immutable X.
