TechFlow News – Immutable X, an NFT Layer 2 solution, has launched a staking rewards program to drive the sustainable growth of Immutable X. According to the program's whitepaper, staking rewards are sourced from transaction fees on the ImmutableX protocol (2% protocol fee), with 20% of these protocol fees converted into IMX and redistributed proportionally to IMX stakers based on their staked amounts. Requirements to qualify for staking rewards include staking IMX and conducting transactions on the protocol during the staking period.
The staking reward calculation is as follows: Reward = (IMX Staked × Average Staking Duration During Cycle) / Total IMX Staking Pool Size During Cycle. Each cycle lasts 14 days, and rewards will be calculated at the end of each cycle. Source link
