How do you calculate the IMX Holdings?

We will take a daily snapshot of your wallet balance on L2 from 1st July until 30th July. At the end of the period we will calculate the Minimum tokens that were held and that will be used to calculate your staking rewards.

Cycle 1: 8 July 00:00 UTC to 30 July 00:00 UTC Cycle 2: 31 Jul 00:00 UTC to 13 Aug 23:59 UTC

Why do you use the minimum quantity of tokens instead of the average? We want users to hold for the entirety of the staking cycle. Average balances would allow users to ‘game’ the holding period by increasing their balances for a single day.

Do I need to do anything to have my IMX Staked?

Yes, you need to do two things

• Hold a balance of at least 10 IMX on L2
• Trade any Immutable order book NFT within the cycle period (see above for cycle timing)

How do I receive my staking rewards?

You don’t need to do anything! These will be automatically airdropped to you at the completion of the first cycle.

What do I need to trade to be eligible for the staking rewards?

To align with the incentives of sustainable growth of Immutable X, you will need to trade any NFT available on the Immutable order book. All assets on the Immutable X marketplace will count.

Where can I check my eligibility for the staking program?

You can look for your address on this notion board - this will be updated every Monday and Friday with the most up to date minimum wallet balances and trading activity.

What is the expected APY of each cycle?

This is unknown as it changes with the total number of participating wallets and their balances and growing rewards generated from the trading activities on Immutable X.

Please refer to the staking rewards calculator if you would like to test your own scenarios.

I bought IMX on an exchange, why am I not eligible?