Immutable Launches Direct Staking On zkEVM, Will End Immutable X Staking On June 19
In Brief
Immutable will launch direct staking on its zkEVM network on June 19, replacing Immutable X staking and enabling biweekly IMX rewards tied to NFT trading and token lockups as part of its unified Layer 2 strategy.
Layer 2 scaling solution for Ethereum, Immutable announced a collaboration with the IMX Ecosystem Foundation to introduce direct staking on Immutable zkEVM, scheduled to begin on June 19th. This development will allow participants to qualify for IMX token rewards, which will be distributed on a biweekly basis as an incentive for continued engagement within the Immutable ecosystem. Concurrently, staking on Immutable X will be discontinued on the same date, aligning with the ongoing integration of Immutable X and Immutable zkEVM into a unified Immutable chain.
Starting June 19th, holders of IMX tokens will be able to stake on Immutable zkEVM and take part in the ecosystem by engaging in at least one NFT trade during each reward cycle. This staking process will now also accommodate users with Passport wallets. To be eligible for rewards, users must have staked IMX and executed at least one qualifying NFT trade within the relevant two-week period on a marketplace supported by the Immutable zkEVM orderbook. Marketplaces such as TokenTrove, OKX, and Sphere are among those currently integrated with this orderbook.
Under the updated reward framework, 20% of protocol fees—derived from the 2% trading fee levied by Immutable—will be distributed to stakers. The amount of IMX rewards distributed to each participant will depend on two main factors: the quantity of IMX tokens staked and the length of time those tokens remain staked throughout the biweekly cycle.
Immutable X Staking To Conclude On June 19
Staking on Immutable X is scheduled to conclude with the end of the 73rd epoch on June 19th. At that point, rewards will be distributed and all user funds will be automatically unstaked and returned to their respective wallets. After this time, initiating new staking positions on Immutable X will no longer be possible.
Users have two available migration paths to Immutable zkEVM to continue staking. They may either transfer their assets in advance via a supported bridge and begin staking immediately, or wait for the automatic migration of funds that will occur once the Immutable X chain is integrated into Immutable zkEVM. In the latter case, manual staking on Immutable zkEVM will still be required after the transfer. Migrating IMX holdings ahead of the chain merge is advised in order to ensure eligibility for staking rewards on the new network.
In order to transfer IMX tokens from Immutable X to Immutable zkEVM, users have two main options: they can either bridge assets directly through Layerswap, or first bridge from Immutable X to Ethereum and then proceed to bridge into Immutable zkEVM.
Immutable zkEVM is a Layer 2 blockchain developed by Immutable in partnership with Polygon, designed to support Web3 gaming applications. It incorporates zero-knowledge rollup technology along with full compatibility with the Ethereum Virtual Machine (EVM). This infrastructure enables developers to deploy existing Ethereum-based smart contracts without requiring changes, while also benefiting from reduced transaction costs and increased speed, all underpinned by Ethereum’s security model.
In contrast to Immutable X—which is optimized for gas-free NFT minting and trading but does not support smart contracts—Immutable zkEVM offers a more comprehensive framework, allowing for the integration of complex in-game logic and economic systems within a scalable environment.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
