Staked ICX Price

Staked ICX ($sICX) is a derivative token that represents staked ICX tokens, offering an inventive approach to staking in the ICON blockchain network. The primary function of $sICX is to allow users to earn staking rewards without the conventional requirement of locking their ICX tokens. This innovative solution allows users a high degree of flexibility, ensuring that their assets are not immobilised for extended periods.

The significance of $sICX lies in its ability to participate in the on-chain governance of the ICON blockchain while mitigating the common pitfalls associated with traditional staking. Token holders can harness their $sICX in various DeFi applications, further elevating its utility in a rapidly developing ecosystem.