IMX Staking Is Migrating to Immutable zkEVM
As a result of Immutable’s plan to merge Immutable X into Immutable zkEVM to create a unified chain, IMX staking is being migrated before that happens over to the EVM zk-rollup.
When Is IMX Staking Migrating to Immutable zkEVM?
IMX staking is officially migrating to Immutable zkEVM on June 19 at 00:00 UTC. This means that staking on Immutable X is ending at the same time, closing the 73rd epoch and automatically unstaking tokens while distributing all rewards and funds over to the wallets of each staker. With that done, users will no longer be able to stake tokens on the older layer 2 gaming chain where the IMX Ecosystem Foundation has issued 4.8 million IMX tokens as staking rewards, which is an average of 67,605 IMX per week.
How to Stake IMX on Immutable zkEVM
From June 19 and onwards, you will be able to stake IMX tokens on Immutable zkEVM and receive rewards every 2 weeks, with rewards given only if you trade at least one NFT during the fortnightly cycle on a marketplace that has integrated with the chain’s orderbook. You can stake as little or as many tokens as you want, but rewards can be earned only if you trade an NFT during the rewards cycle.
Among the marketplaces that use the Immutable zkEVM orderbook are TokenTrove, Sphere, and the OKX NFT Marketplace. If you trade an asset on any of these platforms, you should be qualified to earn rewards for that cycle you traded in.
If you’ve been staking on Immutable X and want to continue doing so on zkEVM, you have 3 options. One of them involves bridging funds directly using Layerswap, another has you bridge to Ethereum and then to the EVM-compatible network, and the third option is to simply wait until Immutable X is fully merged with Immutable zkEVM. When the merge happens, all funds will be automatically bridged, but you will still need to manually stake to begin participating. You might have to wait a while for that merge to happen though, as the team has stated earlier that the process might take place in late 2025. If you don’t want to wait and miss out on many reward cycles, the developers recommend bridging directly via Layerswap in order to quickly get back to staking and earning rewards.
Biweekly, stakers will be earning from a reward pool that consists of 20% of all protocol fees. Immutable collects a 2% trading fee, and 20% of that 2% goes towards fortnightly reward cycles. The amount of IMX you earn from this staking pool depends on the number of tokens you have staked and on the duration you have kept your tokens staked during one cycle. Basically, the longer you have them staked and the bigger quantity you’re staking, the more tokens you are likelier to earn, with the following formula used to calculate rewards:
Rewards = Total IMX Staked During the Cycle / IMX Staked Average Time Staked in Cycle
Rewards are distributed at the end of every 14-day cycle.
In terms of supported wallets, Immutable zkEVM staking will now support Passport alongside all major hardware wallets and all major EOA wallets such as MetaMask and Rabby.
You can find full step by step guides on bridging and staking over on the official announcement.
In other Immutable-related news, Ubisoft is launching Might & Magic Fates on Immutable zkEVM, while Legends of Elumia has migrated to the same gaming chain following Triumph Games’ acquisition of the fantasy MMORPG. More recently, Gods Unchained has teamed up with Guild of Guardians for a new card expansion, which is planned to launch together with the start of Gods Unchained’s Battle Pass Season 4.