PANews reported on June 12 that Immutable said on the X platform: "IMX staking will be launched on Immutable zkEVM on June 19. Staking on Immutable X will end on June 19 as part of Immutable X’s merger with Immutable zkEVM. Starting at 00:00 UTC on June 19th, IMX holders on Immutable zkEVM will be able to stake and earn IMX rewards for their active participation. There is a bi-weekly round of staking, and users need to trade NFTs on the marketplace using Immutable zkEVM to be eligible to participate. The total IMX reward is composed of Immutable taking 20% of the 2% protocol fee for each NFT transaction, which is paid in proportion to the total amount of staking and time. In addition, the last staking period of Immutable X will also end on the same day, when the rewards will be distributed, and all staked IMX will be unstaked and returned to the user’s wallet, after which the user can no longer stake on Immutable X.
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