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Rewards and emissions on the ICON Network have officially ended. The network has entered economic shutdown. Here’s what that means, what happens next, and how to move your ICX to SODA.
The ICON Network has entered economic shutdown: staking rewards and all token emissions have ended. The network is no longer incentivised.
The network remains live for migration: ICX holders can still access their assets and migrate to SODA on the Sonic network via sodax.com/migrate.
SODA Stake is already live: once migrated, you can stake your SODA for access to new incentives.
The ICON Network has reached the end of its economic lifecycle. All staking rewards and token emissions have stopped. This means holding or staking ICX on the ICON Network no longer generates any opportunities for yield.
This has been a planned transition. The SODAX ecosystem, built to carry forward the technology and community that ICON established, has been preparing for this moment. With Swap, Migrate, Stake, and Pool (coming soon) live on sodax.com, the infrastructure for ICX holders to transition is ready.
What’s Still Running
The ICON Network isn’t going offline. It remains live specifically so that ICX holders have time to migrate their assets to SODA.
During this period, the network operates in maintenance mode. Consensus is handled by a reduced validator set of 7 core nodes, enough to keep the network functional for asset transfers and migration, without the full validator infrastructure that supported the network during its active period.
This window exists for you. If you hold ICX, use it.
How to Migrate Your ICX to SODA
The migration process is straightforward. Here’s what to do:
Step 1: Get a small amount of S token.
You’ll need S (the native gas token on the Sonic network) to transact with your SODA tokens once they arrive. Make sure you have a small quantity in your Sonic wallet before migrating. You can acquire S by swapping on SODAX Swap, or through any exchange that supports it.
Step 2: Head to SODAX Migrate.
Connect your wallet and follow the migration flow. The app will guide you through converting your ICX to SODA on the Sonic network.
Step 3: Done.
Once migrated, your SODA is on Sonic and ready to use across the SODAX ecosystem: stake it, supply it to a liquidity pool (coming soon), or hold it.
For detailed step-by-step walkthroughs, visit support.sodax.com. The support team has published guides covering every part of the migration process:
What to Do With Your SODA
Migrating is step one. Here’s what’s available once you hold SODA:
Stake your SODA: Head to SODAX Stake to stake your SODA and receive xSODA, a yield-bearing liquid staking token. Stakers earn a share of 20% of all fees generated by the SODAX system. Staking rewards begin on April 8, 2026, so the sooner you stake, the sooner you’re earning.
For the full staking guide, see: How do I stake SODA on SODAX Stake?
Supply liquidity: SODAX Pool launches on March 31, 2026 with the SODA/xSODA liquidity pool. Supply both SODA and xSODA to earn additional rewards on top of staking yield. Pool rewards begin April 2, 2026.
For the full liquidity providing guide, see:
Hold and participate: The SODAX ecosystem is governed by DAO votes. As a SODA holder, you’re part of the community shaping how the protocol evolves.
Find SODAX governance votes here.
The Path Forward
The ICON Network served as the foundation for the technology and community that SODAX now carries forward. The economic shutdown marks the completion of that transition — not an ending, but a handoff.
The SODAX ecosystem is live. The tools are ready. If you’re still holding ICX, now is the time to migrate and start putting your SODA to work.
Information for Validators
For validators, the removal of the 1% bond and reduction of the validator set allows you to unbond your ICX without penalty and migrate to SODA at any time. Thank you to all validators for your years of service in securing the ICON Network, and on throughout this transition.
While the network is winding down its economic activity, all network participants can be assured that their ICX remains safe. The ICON blockchain will stay live to allow for ongoing migration to SODA.
The SODAX ecosystem is live. The tools are ready. If you’re still holding ICX, now is the time to migrate and start putting your SODA to work.
Migrate at sodax.com/migrate
Stake at sodax.com/stake
SODAX Pool launches next week for liquidity providers.
Guides at support.sodax.com