Self-custodial staking ensures community retains control
From July 1st to July 30th, Immutable X will hold its first staking cycle. This will be followed by a move to self-custodial staking where users will retain full control of their assets. Recent industry events may have dented confidence in web3, but companies who keep their customers at the front of their thoughts continue to thrive.
Summary
- The first Immutable X staking cycle will start on July 1st and run until July 30th.
- The first phase of staking will begin with automatic rewards for active IMX users at the end of every cycle. In time, Immutable X will switch to a self-custodial staking process with an interactive dashboard.
- DappRadar’s new cross-chain staking protocol will launch at the same time and will also give users full self-custodial control of their blockchain assets.
Following recent crises like the Terra stablecoin implosion and Celsius freezing customers’ wallets, renewed attention has been…
