Staking allows you to earn incentives by locking up your IMX tokens. Visit the staking dashboard for a more transparent and simple staking experience: https://imx.community/staking
How does Staking Rewards Work?
First, to be eligible for Staking Rewards, you must take certain active steps:
- Have an amount of IMX staked in the IMX staking dashboard here
- Trade at least one NFT on the Immutable X orderbook during the staking cycle(14 days).
You can learn more about the Immutable X orderbook here and below are a few examples of our partnered Marketplaces that use the Immutable X orderbook:
Here is a visual walkthrough of the staking process:
1. Navigate to the Staking Rewards landing page and connect your wallet
2. Deposit funds into Layer 2 for staking
3. Stake $IMX tokens
4. Trade on the Immutable X Global Orderbook at least once during a staking cycle
5. Receive rewards (tokens are deposited into your wallet at the end of each cycle)
6. Unstake IMX tokens (tokens will be unlocked at the end of the cycle)
How are Staking Rewards calculated?
Your rewards are calculated based on the amount of IMX tokens you’ve staked and the length of time you’ve staked over that cycle (time-weighted average staked amount). This is then measured proportionally against the total amount of IMX staked to come to your specific reward distribution. Effectively, the longer and the more you stake, the greater your rewards may be. Each cycle lasts 14 days and rewards will be calculated at the end of each cycle.
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Rewards = (IMX staked * average time staked in cycle) / Total IMX staking pool for cycle
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​FAQ
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1. I’m qualified for rewards and the cycle has ended, why can’t I see my rewards?
There can be up to a 48-hour delay from the end of a staking cycle through to when you see your rewards in your wallet, due to normal fluctuations in the processing and batching times of the Immutable X rollup. Staking rewards are converted into IMX by withdrawing them from the protocol (L2) to Ethereum and then swapping them on a DEX.
As a result, there may be delays in payouts, however, these do not affect the actual cycle start and end times themselves.
2. My rewards seem low. Is there something wrong?
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As rewards are based on the overall transaction volume on the protocol, they are susceptible to fluctuations in this volume affecting the final reward amounts.
Reward figures displayed on the dashboard represent the annualized reward for staking based on the most recent staking payout; these calculations also assume that you re-stake and compound your rewards each cycle.