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All rewards and incentives on the ICON Network will cease by March 26, 2026.
SODAX Stake will launch on March 16, and SODAX Pool on March 24, 2026.
ICX holders should ensure that their ICX is migrated to SODA and staked by April 8, 2026 (when staking rewards begin) in order to maximize their rewards.
We are approaching the final phases of the ICON Network’s economic shutdown, as it transitions from a standalone Layer 1 to the core infrastructure of the SODAX DeFi execution system. To ensure a smooth transition for all participants, we are providing a clear timeline for the launch of SODAX Stake, SODAX Pool, and the commencement of reward distributions.
The Transition Timeline
As economic activity on the ICON Network winds down, please note the following dates for sunsetting legacy incentives:
March 2, 2026: Balanced Savings Rate rewards will end.
March 13, 2026: Balanced ICX/sICX liquidity rewards will end.
March 26, 2026: The target date for ICON Network’s Economic Shutdown. At this point, new ICX emissions will no longer be minted as rewards.
*The dates above may be subject to change as development progresses and should be used as guidance until actioned.
SODAX Stake and Pool Launch
The SODAX Stake and SODAX Pool applications are targeted for release in March. This marks the official opening of the final migration window where users can:
Migrate: ICX for SODA at a 1:1 ratio at sodax.com/migrate.
Stake: [Launching March 16] to receive xSODA, granting a share of protocol revenue.
Pool: [Launching March 24] to provide liquidity to the SODA/xSODA pool.
*The dates above may be subject to change as development progresses and should be used as guidance until actioned.
Reward Distribution Strategy
While the SODAX infrastructure has been accumulating fees since its launch on Sonic, the distribution of 20% of these fees as rewards will not begin immediately upon the launch of SODAX Stake. We have opted for a pre-launch staking period to allow all ICX holders ample time to unstake and migrate following the ICON Network’s economic shutdown.
Reward Commencement: Distributions are planned to begin for SODAX Pool on March 31, 2026 and for SODAX Stake on April 8, 2026.
SODAX Stake reward source: Rewards for SODAX Stake will consist of a designated 20% portion of SODAX-generated fees.
SODAX Pool reward source: To incentivize early liquidity and to seed earnings by the pool, rewards will first be provided from the 10% portion of SODAX-generated fees directed to the SODAX DAO. This will be tapered off over time as volume becomes self-sustaining.
Accumulated Backlog: For the first six to twelve months, SODAX Stake rewards will be bolstered by a backlog of accumulated fees and migrated incentive funds from the ICON Network.
To maximize your portion of these initial accumulated rewards, ensure your SODA balance is staked by the time distributions go live on April 8.
Information for Validators
For validators, the removal of the 1% bond requirement allows you to unbond your ICX without penalty at any time. While you may remain on the ICON network until the economic shutdown, to self-stake and continue earning legacy rewards, the ideal timing for final migration is immediately following that economic shutdown to ensure readiness for SODAX Stake rewards, launching in April.
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 and migration to SODA will remain two-way until further notice. Once SODA staking is live, operations will be fully focused on a single token ecosystem, where value is concentrated into the infrastructure.