🥩〕staking

[twin mulch]

well if you locked up for a year snd never claimed you missed alot of potential income.

the idea is that you claim monthly

[craggy field]

Yes even when you wait for a year before claiming, whenever you claim rewards in ILV they enter a 1 year locking period.

[brisk surge]

ok thnx. that is what i wanted to hear. will make my strategy accordingly

[craggy field]

You can also claim rewards in sILV2 and that will not have a vesting time.

[brisk surge]

is there a way to exchange sILV2 to ETH?

[twin mulch]

yes but you silv prices are low now

[craggy field]

There is an unofficial pool on uniswap for sILV2/Eth. But trading in that pool is at your own risk :]

You can look into the current status of the pool on dextools

[twin mulch]

its better to buy silv2 to get illuvitars later on

[brisk surge]

i ´d get out maybe in 3-5 years, so don't care much about short term

[eternal portal]

what does the "weight" column in vesting mean and how to influence it?

[twin mulch]

it has been explained like 10 messages back

this message

[dusk berry]

Is there a tutorial on withdrawing SLP?

[twin mulch]

in 5 years you wont get out 😉

[ember ginkgo]

Check the pinned messages

[dusk berry]

Looked there. I can only see staking., not unstaking

[ember ginkgo]

#🥩〕staking message

[twin mulch]

just send the slp to the other wallet, selling and rebuying might decrease the slp amount significantly since the change in the market.

[brisk surge]

thanks, got it all sorted in the end:)

[twin mulch]

how did you solve it?

[south fable]

Heya, any news on the functionality to move your staked slp and tokens to another wallet? Also regarding wallets with both V1 and V2 staked tokens, if I withdraw all V1 stakes will I be able to move all V2 stakes to another wallet?

[cunning perch]

Transferability will be only available to wallets with no V1 history and only if they staked directly on V2.

[south fable]

Thanks for clarifying!

[snow ember]

I claim every time I hit 1 ILV. 3 times a month roughly. It’s like Christmas all year. It’ll be nice to have unlocks more often too but unless ILV is $1000+ I’m gonna get profit from revdis not selling

[twin mulch]

and thats how apr is supposed to work, if you dont claim you dont benefit of the compounding interest.

[twin mulch]

that means you make .12 per day? I only claim when gasfees are low. Which sometimes is when im at 1.2 sometimes when im at .8.

did you buy land too?

[tulip folio]

I prefer to claim a bit less often than that, because I also am doing a withdraw, convert to SLP, and restake. 4 transactions of gas

In general to justify a claim the yield you get from the added amount needs to exceed the gas used to claim it by the next time you would claim anyways. Previous calcs have shown that area to be like 8 ILV. Not sure what it is now with current gas prices and ILV price and ILV stake yield.

I.E. if you're claiming too often you're spending too much on gas and would be better off just buying fresh ILV on a CEX

[twin mulch]

you claim as silv2?

[snow ember]

.1 a day. Gas is always low these days! Yup I have 2x tier 1 and 1x tier 2. You?

[twin mulch]

I claim when the gas fees are like between 8 and 15 gwei, claiming costs are below 3-4 usd.

[snow ember]

Way too advanced for me haha.

[twin mulch]

the opposite 2x2 1x1.

[snow ember]

Nice. Will you get Illuvitars?

[twin mulch]

maybe some, i bought the bulldogs jersey aswell just for fun, as they wont have any benefits.. ill keep that nft, and ill put the jersey in a frame 🙂

i dont think ill be able to play overworld, so i stick to the minigame ilv snd slp

[tulip folio]

Hey if you claim one sILV2 instead of ILV every once in a while and wait for ILV price to go much higher after release that might be able to last you a while of gameplay.
I.E. if you hold one sILV2 its redemption value is $500 when ILV is $500. That's why I'm going to make sure I always hang onto at least a little sILV2 that I bought super cheap... having a $5k gift card to Illuvium someday sounds nice

[twin mulch]

I just buy the silv2 cheap like now its 27 usd

i wont be able to play because i have no gaming pc 🙂

[tulip folio]

OH yeah that would be a big deal lol

[twin mulch]

im on a macbook pro m1 i dont think it will be able to handle overworld

or anything other then the minigame

[cunning perch]

PB is available on Mac. So I assume overworld should be as well.

[twin mulch]

pb?

oh priv beta

[cunning perch]

yep

[twin mulch]

could have been public beta and me missing something. Unfortunately i wasnt selected for the private beta although i signed up on the first day.

[cunning perch]

Hopefully u get the second one which is a better update

[twin mulch]

ah nice well see, im playing gods unchained in the meanwhile 🙂

[final steppe]

A big qualifier which vastly improves someone's chances of getting into the private beta is reaching Level 5 on Discord and getting the Ranger role. That was a piece you were "missing" but I see you just got the Ranger role yesterday

So as long as you haven't changed your Discord username since you first applied for the beta, I'd say your chances are looking good 👍

[unborn solar]

How do you level up in discord? I have been invested for over a year and signed up for the beta but I don't get on discord very much

[final steppe]

Levels in discord come automatically just from chatting here, asking questions etc. You’ll get XP for every message you send and you can check your level by typing !rank in #👑〕bot-commands

[unborn solar]

O ok, thanks, I just did it and it says rank 2

[sharp orchid]

Just staked more into the ILV/ETH pool and feeling oh so good!!!

[unborn solar]

Nice, sold some gala and gala NFTs yesterday and bought some more. I have a founders node at gala and I keep claiming my daily gala and selling it for ILV to stake SLP

ILV>gala all day

[mighty umbra]

Where can I get eth/ilv slp

[craggy field]

You mean Sushi liquidity pool tokens?
On sushiswap 🙂

[mighty umbra]

What do I get as reward for staking

[craggy field]

ILV tokens or sILV2.

ILV is vesting for 12 months and sILV2 is unlocked instantly.

But you should be able to read all this in #❓〕faq

[mighty umbra]

Thank you

[twin mulch]

i did change my username i used to be Gaiasdeepcry, also i didnt even know thetevwere roles. and im here for a year now lol

[heavy atlas]

So, I understand that you can stake in ILV pool & ILV/ETH pool

In either case, the reward is ILV and/or sILV2?

[twin mulch]

both you can choose what to claim each time.

[heavy atlas]

Ahh ok awesome. And sILV2 can be used as an in-game currency ONLY, right?

[twin mulch]

correct, ilv generates revdis as long as its staked along with slp and silv2 is ingame only currency.

with silv2 it was also possible to buy land in the first landsale.

so theres a good possibility it will be possible to buy illuvitars with it aswell

illuvials can be found ingame only

[heavy atlas]

Ohh, alright, got it. I appreciate it! That definitely helps before my first foray into staking

[versed coral]

It is possible to buy illuvitars with sILV2. You can already see the prices for illuvitars on the homepage

[twin mulch]

oh ok thats new unril now it were mockups

[twin mulch]

oh yes of course they announced the discs on the stream

[drifting sky]

am i correct in assuming the risk is quite high staking into th ilv/eth pool at the moment due to the current market volatility? is that risk worth the current 8 X on yeild?

[cyan rampart]

The ILV:ETH ratio has been sliding pretty consistently since unlocks started. A consequence of that is that SLP deposits experience more IL.

With that said, I've been adding to my SLP holdings. I'm long term bullish on both ILV and ETH, and staking SLP is a good way to maximize ILV. It's possible that holding ETH (or fiat) to buy ILV at some future "minimum price" is better, but timing the market isn't my strong suit.

[mighty rover]

I agree with this after thinking over long nights and weeks lol.

[drifting sky]

Thanks for the thorough reply. Ive been leaning towards the holding eth to buy ilv.

[coral pike]

here is some more information about staking #🥩〕staking message

[heavy atlas]

Perfecto. I appreciate it!

[eternal portal]

is there a simulation of how many SLP Tokens you get depending on ilv/eth prices?

[candid kettle]

just put the LP token contract on the Zerion website and you will get the value of the LP token, after that just divide by the value in dollars

!contract

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[eternal portal]

thanks

[earnest nebula]

quick question: for vested rewards, if I don't w/d, does it still accrue rewards?

[cunning perch]

yes. As long as it is staked (whether locked/unlocked) it will receive rewards.

[earnest nebula]

thanks 👍🏻

[carmine badger]

Buy more ILV or buy ETH for SLP staking? And why??

[cunning perch]

Well, that's a very personal decision. I'm sure this question has been asked and many people have shared their ideas if you go up and read the previous responses. Just know that since SLP is acquired through providing liquidity, it comes with its own risks (Impermamnet Loss). 🙂

[final steppe]

https://tenor.com/view/why-not-both-why-not-take-both-gif-11478682

[final steppe]

But in all seriousness, like Arash said, it's ultimately up to you and what your personal investment strategy and goals are. A big consideration for many when it comes to staking is the revenue distributions ⬇️

[woven ibex]

The DAO distributes 100% of vault revenue to token holders.

Revenue distributions are claimed through the official Staking App as unlocked ILV. The vault converts ETH spent in-game into ILV by the main Sushi pool, which increases the token price.

[final steppe]

So something to keep in mind with RevDis and staking SLP tokens is that the RevDis will only be received on the ILV portion of the staked deposit 👍

[unborn solar]

Yes, my first thought was to sell all of my unlocked ilv from SLP staking and selling half to restake more SLP. However I have changed my mind. I am just leaving it as ilv so it will earn more revdis and a bonus, it's more liquid, not locked for another year. Down side is a lower APY but I can live with that

[wooden whale]

Hi, i'm trying to unstake my LINK that I can't see in my dashboard and found this post. Can you tell me the contract address for the staked LINK please? I've looked and can't find it in a post here. Thx.

[gloomy gazelle]

I’ll create a private thread and share some info.

[reef cairn]

can I stake multiple times

[cyan rampart]

You can stake as many times as you want. The only limiting factor is gas fees.

[glacial scroll]

hey pelican, thanks for being a consistent presence here, hey are you still buying into ilv lately at these prices? what staking pool you focusing on now?

[eternal portal]

can you please share this with me?

it's interesting to read this discussion here and I'm still not sure about which pool I should use (more) etc. / how to diversify

[gloomy gazelle]

I’ve only ever bought ILV twice. Balancer sale. Later super close to the bottom over a year ago. I simply never had that much to spend on it. So I don’t DCA. Since I don’t have a big wad.

I have kept and moved stuff into the eth/ILV pool. Because I like that idea. Not sure how well it will turn out in a year.

[gloomy gazelle]

So is there a new LINK staking opportunity or what?

[eternal portal]

Does the mean the "real" APY is divided by two?

[gloomy gazelle]

No. Revdis does not impact the shown APY

[brisk surge]

The APY shown on the staking site only takes into account the yield farm rewards. Revdis is in addition to any APY from yield farm.

[gloomy gazelle]

I’m actually just gonna put a Public post together. The info is not really necessarily private. And there’s been a plenty asking about it. We can do a private thread if you need some help though. Remember, all DMs are scams.

[eternal portal]

Sure, I'm very interested

[gloomy gazelle]

LINK Token Manual Withdrawal

For anyone with LINK tokens still in the old flashpool, you can unstake by writing to the contract via Etherscan. You have to go to the stake pool contract in etherscan, then go to the "Contract" tab, and then to "Write Contract". Then expand "5. unstake", connect the wallet/address you used to stake originally, and enter appropriate values for _depositId, _amount, and _useSILV

Here’s the page for writing on etherscan https://etherscan.io/address/0xc759c6233e9c1095328d29cfff319780b28cecd8#writeContract

deposit ID is 0 if its your only deposit

amount is the amount multiplied by the decimals of LINK token (x10^18 … so it’s just a big line of digits)

1. deposit id is the order of the deposit starting at 0, so if it's the first deposit id 0, second deposit id is 1, and so on
2. amount of the number of tokens multiplied by the LINK token number of decimals
   3.useSILV should be false

[twin mulch]

why would you want to unstake?

did something happen?

[gloomy gazelle]

Deposited LINK has not been earning rewards for close to a year. It was only a flash pool that earned for like two weeks.

[twin mulch]

oh link asin the token. i interpreted it as link asin url.

[gloomy gazelle]

Yeah it wasn’t exactly clear. So I edited it. Thanks.

[twin mulch]

hey that makes all the difference 🙂

[rapid roost]

when I unstake my V1 ILV, do I have to exchange it to get v2 ?

[final steppe]

No, not at all. The ILV tokens are the same and there have been no changes to the token itself 🙂

If your ILV has unlocked and you leave it staked on V1, you'll continue to earn rewards at the original token weight you set when you staked. If you originally locked your tokens for 1 year when you staked, then you already have the highest token weight.

But if you have a lower token weight and you want to get a higher token weight, you can unstake and then re-stake with a higher lock period/token weight.

[marsh mango]

Hi i am new to the discord. I Just Staked ILV for 6months. My question is are there any additional benefits to staking towards me gaming when the game starts? Also as a newbie in staking i decided just to stake my ilv for now because eth/ilv looked promising but was super complicated for me. It seems like you need to buy a equal amount of eth in order to change ilv to eth/ilv slp on sushi swap first is this correct? which doesnt make sense i would have 100% eth and 100% ilv to get SLP = eth/ilv then i would stake that and earn. But when the time was up would i get back 100% eth and 100% ilv ???? i did not really understand the ins and outs. People put videos but dont actually show the process or especially the rewards. it seems vague. Rewards later? I would like to stake eth/ilv SLP but i need help understanding values....

[snow laurel]

Yes i agree SLP staking is vague to me also from the videos up,

[final steppe]

Responded to this in #814313779696238642-- no need to post your questions in multiple channels. We see all 👀

[gloomy gazelle]

@marsh mango

This video shows how eth/ILV staking used to work. Very clearly. It’s still very similar even after some sushi website updates.

#🥩〕staking message

[snow laurel]

Awesome, thx Pelican

[night adder]

Hello guys, I only have 4 tokens and never staked them, it worth of stake only 4 tokens or better buy more before of stake it?

[cunning perch]

It's totally def your choice. But even locking it for a full year won't give you that much reward unless you are holding these 4 for a very very long time. In that case, staking makes sense. NFA ofc. My personal opinion.

[craggy field]

At some point, if he wants to enjoy revdis then he has to stake. Better be early and get some yield than sit back and get nothing right?
The only reason staking can go wrong is if the game and entire studio flops before your tokens unlock. Well thats the risk 🤷‍♂️

[fallow leaf]

Weren’t tokens already being unlocked?

[craggy field]

yes, you could choose yourself how long your tokens should be locked for. The maximum time would be a year and it's been 15 months since staking started yep 🙂

[cunning perch]

well, anyone joining anything crypto gotta invest after having DYOR AND weighing the options for sure. 🙂

[worthy pond]

hey!

so I have some ETH-ILV SLP unlocked after 1 year of staking - Question: are unlocked SLP still gaining yield? do I need to withdraw & re-stake them?

[craggy field]

Yes they will continue earning yield!
No need to lock them again for now :]

[rocky gust]

Im getting network error on the illuvium staking site. Anyone else?

[craggy field]

not me

[candid kettle]

what is the error exactly?

[rocky gust]

There's just a red "Network Error" that pops up and it doesnt show me my staked holdings. It just says 0

[rocky gust]

here

[candid kettle]

clear browser cache and cookies, then restart the browser

[rocky gust]

will do, thanks

[rocky gust]

Ugh! Still the same

[worn turtle]

we are updating some things try again in a few hours, if still not functioning ping me

[rocky gust]

ok thanks, will do

[tall viper]

Might want want to make sure your on the Ethereum RPC and not another one like Polygon or Arbitrum

[worthy pond]

got it. thank you.

[marsh onyx]

My staking time has expired,, is there any way to restate without having to withdrawal? Which I assume costs a gas fee

[ember ginkgo]

There is no need to stake again at the moment. You can just leave it like this and you'll keep earning.

[marsh onyx]

Awesome but doesn’t the APY change based on the length you stake for? So will I still be getting my 6 month rate or will it go down?

[ember ginkgo]

APY goes down for everybody. Your weight changes for revdis. If you want weight of 2 you'll have to lock for 1 year

[final steppe]

You will continue to earn rewards at the same token weight you received when you initially locked for 6 months. This will continue until the tokens are withdrawn.

Token weight stays the same for as long as the tokens are staked.
APY is variable though, as Fraggy was saying.

[marsh onyx]

Perfect guys thank you

So the optimal strategy is to stake for a year, then leave it there so you can withdrawal whenever but you have the best return

[ember ginkgo]

That's what I did but I'm not gonna tell you to do the same 😉
NFA

[final steppe]

Optimal strategy will be different for every investor, really. Some may want/need access to their tokens sooner for whatever reason may arise, and that's okay 🙂

[worldly bear]

Until when will be the staking?

How much is left for the staking reward/pool?

[final steppe]

Yield Farming rewards end July 2024

[candid kettle]

#💰〕token message

[final steppe]

You can see the Emission schedule on the Staking site

[compact robin]

Just staked my first ILV, very excited for the future 🙂

[tepid gust]

Hi guys, i have an issue with the stake pool , i just finnished 1 year staking 1.45 SLP and a message appear saying that i had to choose ILV or SILV2 ..... i put ILV and my wallet shows 0.000003397 ILV !!!??? I believed i could retreive back the ETH and th ILV from the SLP token...... what happen ?

[gloomy gazelle]

Do not trust any DMs. Scammers send links in DMs.

[gloomy gazelle]

This is what you still need to do. #🥩〕staking message

[gloomy gazelle]

A rewards claim is what you did by choosing ILV or sILV2. And now that ILV is vesting for 12 months in the vesting tab. But your eth/ILV SLP tokens are probably in your wallet. Or you still need to withdraw those tokens

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[gloomy gazelle]

Hello are you there? Are you in DMs with a scammer pretending to be me?

[tepid gust]

Hi sorry.... i was checking the slp pool

everything its ok thx

[gloomy gazelle]

Oh good.

Too many scammers recently.

[glacial herald]

hello , trying to withdraw rewards from v1 staking but i get an error

doesnt even prompt the txn , just says : cannot estimate gas ; transaction may fail or may request ... and i cant do anything

[worn turtle]

Hey mate, you need to claim your rewards (even if just dust) in ILV (not silv2) and then you should be able to withdraw after that

[glacial herald]

how do i ?

[worn turtle]

https://i.imgur.com/A6EHmh4.png

[glacial herald]

yes the ilv is in the vesting tab and when i check the box and press withdraw i get the error windnow

[worn turtle]

Yeah but you need to claim the ILV rewards first

the first picture

[glacial herald]

it was claimed back long time ago

[worn turtle]

Started a private thread for us

any dms are scams

[glacial herald]

thank you

[glacial herald]

for resolving the matter

[south fable]

Hey, anyone know if you can transfer LP token between wallets? Lets say my eth/ilv slp tokens unlocked. Can i withdraw them, transfer to another wallet and stake them again? Or do you have to remove liquidity from the pool in my current wallet, transfer eth and ilv and add liquidity again from my new wallet?

[worn turtle]

Yes you can do that

you just have to add the LP Contract address to your MM and then send it

after you withdraw of course

[south fable]

Great, thanks!

[fierce chasm]

maybe I am wrong, because there can be other reasons, but I recognised during the time ILV dropped in price, that also the daily reward did go down significantly. While It was about 0.5ILV per day a few months go it is now only 0.2ILV per day. The percentage decreased in the same ratio. This change can't come from the general decreasing that is implemented into the rewards calculation for the next years. This makes me wonder what causes this. I hope there is a simple answer for this and I am just not clever enough to find it. I expected a stable amount of ILV decreasing over time as tocenomics are build.
Thanks in advance for your help 🙂

[cyan rampart]

There are a fixed amount of rewards distributed every 2 week period. 80% of those go to the SLP, 20% of those go to the single sided ILV only pool.

There are 2 things that reduce the amount of rewards you'd receive in the ILV only pool. Every 2 weeks, the total amount of rewards decreases (and thus 20% of those is a smaller number).

The other thing that can (and does) happen is dilution. As there are more staked ILV (whether from rewards, or otherwise), that 20% is split up among more tokens. That dilution is the primary reason rewards for the ILV only pool have decreased since unlocks began.

[blazing marsh]

people still getting the "Network error" on the Staking page cuz I sure still am

and its not showing my ILV Balance

[ember ginkgo]

All works fine here, did you already try clearing your browser cache?

[blazing marsh]

yup I also disconnected my wallet and reconnected etc ...its showing all my vests just not my ilv ballnce and it flips back another wonky warning "Error on fetching token data. Some functionalities are compromised. Please try again later."

[kind condor]

wait can you stake your land ?

[ember ginkgo]

No, you can only stake the token.

[kind condor]

oh ok hahaha

[brisk surge]

question, for claiming rewards I see we can select multiple withdrawals. Can we claim all as one transaction or will the fees be charged seperately for each?

[cunning perch]

You should be able to withdraw as many with one fee

[brisk surge]

dam thats awesome. thanks

[cunning perch]

No worries 🙂

[brisk surge]

transferred ILV from Mandala (Binance) exchange to metamask. where do you see ILV balance ?

trying to stake it on the ILV/ETH LP

[cunning perch]

to see ILV in your wallet, (AND SLP ofc), you have to add the address manually. You can find them in #🔗〕helpful-links

[brisk surge]

Ty sir, next question. How do i combine ILV/ETH to get the SLP?

[brisk surge]

"Stakers can acquire ILV/ETH SLP tokens by providing liquidity in the official Sushi pool." however if you click on the link it does not work and the only pool found on Sushi is ILV/wETh. Is the ILV/ETH pool no longer active?

[final steppe]

The ILV/ETH pool is certainly there. Which link are you referring to, exactly? We may need to have it updated if it's not working

Let's see what Moz4rt has stored for us here...

[woven ibex]

Providing liquidity is done via an ILV/ETH Pool on SushiSwap and requires multiple steps:

1. Buy ILV and ETH
2. After approving the Sushi contract you stake a 50/50 value ratio of ETH and ILV
3. You receive SLP tokens. (To see them, add the SLP contract address to your wallet)
4. Stake the SLP tokens through the Illuvium Staking App and set your lock period.

See #🔗〕helpful-links for official links.

[final steppe]

So the link shown below from #🔗〕helpful-links takes you to Sushi so you can swap for ILV

[brisk surge]

when you first enter the https://staking.illuvium.io/staking website there is a popup tutorial and one of the pages says "Stakers can acquire ILV/ETH SLP tokens by providing liquidity in the official Sushi pool." and if you click that link it takes you to a blank page on sushi. i was able to go to sushi site manually and create the SLP there i was just thrown off by it saying wETH instead of ETH but it worked in the end.

ok yeah i was able to get it to work the way you guys explained, just that one popup link didnt work and now of course it doesnt give me those tips anymore it gives me a new set so i cant screenshot sorry

[final steppe]

Ahh, yeah. Sounds like you found it. I'd just go to the "Liquidity" section at the top of Sushi, add new position, and manually select the ILV and ETH tokens 👍

[final steppe]

No worries! I'll take a look and report it to the devs if I come across that link then

[brisk surge]

i know this is the wrong spot but since we're here is it too late to register for the beta? or about how long does it take to get approved if you know?

[final steppe]

Not too late at all. Rich actually just spit out the bot command in #💬〕general with a link where you can register

[brisk surge]

perfect thanks!

[analog oyster]

Question, if I staked for a locked period, if that period is up and I have the option to withdraw my stake, if I don’t do I still get rewards from my stake?

[ember ginkgo]

Yes

[analog oyster]

At the same rate?

?

[ember ginkgo]

Yes

[analog oyster]

Thanks

[cinder escarp]

What is the fastest way to get SLP? Get eth, convert half in ILV and then convert those to SLP or is there a faster way?

Not that gas fees are really high these days but would still be nice if i could save some

[final steppe]

Hey Brian— haven’t used this method myself so I’m not sure about the fees but others have mentioned being able to supply ETH on Zerion, which then does all the converting for you to give you the SLP tokens.

Make sure you find the SLP tokens using the official contract address though

[cinder escarp]

Oke thx ill check it out

[short heart]

King @potent sable might have some insight here

[dusk rapids]

when staking for over 12 months. do you have to withdraw and then restake or can you just leave it and it keeps staking

[final steppe]

Hey Luke, if you have tokens that were locked for 12 months and they are now unlocked, you can leave them staked and they will continue to earn rewards at that 2.0 token weight. No need to withdraw and restake 👍

[dusk rapids]

thank you very much

[potent sable]

Yeah that's the fastest way I think. You could also get your eth and ilv on a CEX and send them both. To save 1 transaction on uniswap. But they charge fees too so I don't think it saves u anything

[vivid ruin]

https://tenor.com/view/mando-way-this-is-the-way-mandalorian-star-wars-gif-18467370

[final steppe]

@ocean forge After initiating a transaction on the staking site, a window typically pops up for your wallet so you can review the gas fees and sign the transaction. Did this happen for you?

[ocean forge]

no my wallet is not poping and when I check metamask its just sitting doing nothing and the ilv site just has this..

"A rainbow spinning loading circle"

Let me try to clear cache and reconnect wallet

[final steppe]

That was going to be my 1st suggestion-- 2nd suggestion being to also try a different browser if Brave keeps giving you issues at the moment.

[ocean forge]

ugh.. I might be a dumbass one sec

yupp it was all my im so sorry had the wrong wallet

BUT I do have a question should I claim/upgrade to silv2 or ilv? prob save on gas fee if I upgrade straight to it staked is that what silv2 will do?

[coral pike]

Silv-2 is a gift card type token that is for in game non other player related purchase and special Illuvium ecosystem sales only .

[ocean forge]

ohhhh rightt to many coins, nfts going on haha thank you!

[quick sorrel]

Hi.
I just unstaked SLP tokens from v1 and had to claim rewards in the process.
The unstaking worked - but the yield reward claim transaction failed and the rewards seemingly disappeared.
Is there a place to create a support ticket?

[final steppe]

Hey Hakis-- we don't have a ticketing system just yet. Is it possible the claim went through?

If you were claiming ILV, double check the Vesting tab of the Staking portal to see if your claimed rewards are now vesting. If you were claiming sILV2, double check your wallet to see if the sILV2 is now there.

If you've checked for this and don't see your rewards, I can open up a private thread so we can investigate further. Do not trust any DMs you receive-- those people are scammers!

[quick sorrel]

Hi, thanks.
Yes I have refreshed and stuff and they havent showed up.
Yes please. A thread would be nice.

For some reason I was rewarded with 0.3 of the old SILV token 🙂

[gloomy gazelle]

That is a natural side effect of staking in the old staking contracts.

[blazing marsh]

I have a feeling illuvium website hates me still getting Network error on the staking page but claiming is work and my vests are still there just showing 0 ilv Ive celar'd my chase etc GAWD damb I've even upgrade my Operating system ...oh well back to the beer then

[rugged juniper]

Is possible to check our total earnings from staking and revdis? In other subject if I don't withdrawn the staking they will keep generating rewards accordingly with the original weight?

[candid kettle]

If you do not withdraw the tokens continue to yield and eligible for revdis at the same initial weight even after unlock

[final steppe]

If you haven't claimed the rewards yet, you can see the total pending on your staking dashboard.

For total rewards claimed, there are "Total ILV Claimed" and "Total sILV2 Claimed" boxes at the bottom of the Staking dashboard. The sILV2 Claimed box would only show v2 SILV2 claims and not the v1 sILV claims, as far as I know.

[rugged juniper]

but both staking rewards and revdis go into Total ILV Claimed? No way of seeing it separated?

[final steppe]

I'm assuming it will all show in the Total ILV Claimed box however, I have not claimed any RevDis yet myself so I'm not entirely sure how it would show up... both on the Dashboard as well as in the Vesting tab 😅

Perhaps someone who has claimed RevDis could chime in and confirm though!

[unborn solar]

I staked into the SLP back in July 2021 and kept doing it ever since but I'm interested in peoples thoughts about when it is better to stake ILV by itself vs the SLP

[gloomy gazelle]

Did you upgrade to v2 staking back in March/April 2022?

[pure eagle]

I would go with sometime after open beta and there is a constant stream of revenue

[gloomy gazelle]

APR is still multiple times better in the eth/ILV pool. Will be for awhile I’d think. It will likely take awhile for revdis to ramp up enough to change that.

[unborn solar]

I didn't take anything out and restake but I guess everything I have done after that is V2. What kind of impact will that have?

[cunning perch]

Pelican means have you upgraded your current SLP pool? I believe you have if you have been adding or claiming tokens, but since March all pools have had to be upgraded manually to V2

[last forge]

Stake it!

[brisk surge]

what staking bru

[gloomy gazelle]

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

[gloomy gazelle]

Staked tokens are eligible for revenue distribution

!revdis

[woven ibex]

The DAO distributes 100% of vault revenue to token holders.

Revenue distributions are claimed through the official Staking App as unlocked ILV. The vault converts ETH spent in-game into ILV by the main Sushi pool, which increases the token price.

[brisk surge]

complicated bru

[gloomy gazelle]

A little. I’ve helped a few hundred people through it though.

[brisk surge]

im gud bru

[fair wraith]

Can I also view the private thread on this one? I have the exact same issue.

[worn turtle]

Yeah for sure

Gimme a little bit

[fair wraith]

Thank you! Where do I click

[cobalt roost]

Hi, can somebody help me with staking in the new sushi app?

[final steppe]

Hey Bennie-- what is it you need help with? If we can't sort it out here in chat, we can create a private thread if needed.

But do not trust any DMs you receive!! They are scammers

[cobalt roost]

Hi @final steppe, thank you for helping me out

I went to the new sushi app, to stake my ILV/ETH, although it doesn't show SLP on illuvium staking

[final steppe]

So you currently have ILV and ETH tokens in your wallet, correct? And you are looking to add that liquidity on Sushi so you can get your SLP tokens?

[cobalt roost]

I thought I already did that

[final steppe]

Okay, got it. Just trying to confirm which step you're at. So then in your wallet you already have SLP tokens now?

If you have the SLP tokens at this point, you would just need to head to the "Staking" tab of staking.illuvium.io and you can stake your SLP after selecting this option below:

[cobalt roost]

So something went wrong with getting the SLP token

Can we create a private thread?

[final steppe]

Hmm-- okay, let me set up a private thread and we can look further into it.

[final steppe]

You should see it now under the #🥩〕staking channel in the channel list of Discord.
Don't trust any DMs you receive.

[cobalt roost]

there are two

[cobalt roost]

yes I'm in

[summer shell]

Hi. When vesting period of our SLP is finish, if we don't withdraw it, it continues to reward or not ? I am not sure of this information 😒 Thanks guys

[quick dirge]

correct, it will continue to collect rewards, you can leave it as is and will work as it was before (same weight etc)

[hybrid edge]

where can we stake?

[craggy field]

On the official illuvium website. Please don't trust Any DM's referring your to any site as the correct site address can be found in #🔗〕helpful-links
#🔗〕helpful-links message
In that post ^ 🙂

[hybrid edge]

Thanks much

[gloomy gazelle]

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[burnt ether]

What is the cheapest way to buy ILV and put for staking ? I mean paying less fees

[final steppe]

The least in fees would come from buying ILV on a centralized exchange such as Binance/Binance US

[burnt ether]

Thanks !

[indigo salmon]

🇱🇹

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

[cyan rampart]

@burnt ether I'm about 50/50 ILV and SLP as of a few days ago. Until then I was 100% SLP. If I didn't explicitly want more exposure to ILV, I would have added some more SLP. As time draws on, the risk of IL in the SLP pool gets bigger.

All of this is just my opinion though, and NFA. There's lots of different ways of looking at things that can determine what's best for you.

[burnt ether]

ok thank you.. I am deciding if I buy a Land or just stake everything instead and buy a land later when they release more..

[versed coral]

Hi there, I am currently staked both in v1 and v2. My initial deposits in v1 are going to be unlocked in a few days and I planned to move them to another safer wallet to stake them there again. Do I need to withdraw and restake on the new wallet or can they be transferred? Is there any difference in this procedure for v2 deposits? And what about vesting rewards, is there a difference between them and deposits in that manner?

[gloomy gazelle]

Anything that is unlocked can be withdrawn. Once withdrawn you could transfer it and then stake again with the new wallet. Anything locked cannot be withdrawn. The buttons are pretty much the same whether it’s v1 or v2.

[versed coral]

So I will need to withdraw, move to different wallet and restake, no matter what?

[gloomy gazelle]

There’s a small possibility you could use direct contract interactions to change the wallet associated with the deposits. Sometimes it’s possible. It depends on what sort of v1 deposits you made. It’s a bit complicated.

I could start a private thread if you are interested in diving deeper.

No one legit will send you a direct/private message

[versed coral]

If transferred that way, would the deposits keep the weight and unlocked state then? Because that would be the only incentive in my opinion. Gas fees aren’t really the issue at the moment luckily

[gloomy gazelle]

If it worked it would keep weight and unlocked state.

[hoary yacht]

So hard to decide which pool to choose, crazy. Help

[dreamy pebble]

I am asking maybe a stupid question but just interested in the answer. I think it will not happen but wanna know it anyway.

If i am pair ILV/ETH to SLP is there a risk that if ILV wont work out and is basically lost that the ETH is gone too?

[gloomy gazelle]

Check this impermanent loss calculator. #🥩〕staking message And put in like ILV at $1< might give you an answer.

[gloomy gazelle]

If you provided $1000 in eth/ILV at like current prices and then ILV went to $0.05 and eth stayed at its current price… then you’d end up with $30.15 of eth/ILV. If either token in a liquidity pair goes to zero then liquidity providers are pretty screwed.

[rare galleon]

привіт

[dreamy pebble]

thank you

[indigo portal]

If I don’t withdraw my stake after the time period , will I be gaining interest on them ?

[lyric palm]

yes, it keeps earning interest

[cunning perch]

As what Alvaro said.

[indigo portal]

Thanks

[brisk surge]

hello, i have a technical problem,is there a way to contact somebody from illuvium? i have tried on telegram chanel but i get only scams, thank you

[ember ginkgo]

Sure, don't trust any DMs, they are scams. What is the problem about? I'll make you a private thread

[burnt ether]

Nice calculator.. now I understand why rewards are so high for liquidity..

[marsh kettle]

🚀

[meager nexus]

!rank

[candid kettle]

#👑〕bot-commands

[verbal granite]

hey guys my dad accidentally gave his private keys to a phishing website yesterday and got drained

fortunately illuvium staking is locked, and they didnt find the land on token trove which i transferred to another wallet

my question is, whilst illuvium is still locked staking, which is vested and unlocking in 2 weeks time, can i transfer already staked assets from a soft wallet to a hard wallet, does it help? the hacker already has my dads private keys

thanks for your assistance, just asking for advice only

(i asked in general someone recommended i ask here incase someone has tried it before, to see if it works or not 🙂 )

[cyan rampart]

There's no way to transfer staked tokens to a new wallet without unstaking. Unfortunately using a hardware wallet won't change anything, since the private keys are compromised. I'm not an expert on this, so you'll want to do some outside research, but using a flashbot to try and transfer the tokens out could be your best bet.

[turbid relic]

Is there an issue with staking? I’m trying to stake tokens and it just won’t go through for me

[swift iris]

I don't believe there are any issues, have you staked before?

it worked for me a day or two ago

[cunning perch]

Make sure your browser is updated, clear the cache and update your wallet. If persistent, change the browser. and make sure you re using the right websites. lots of scams out there #🔗〕helpful-links

[swift belfry]

Didn’t you ask this before yesterday? 🤔 Ah yes it was yesterday, but the first time you asked you said your account had been drained. Now it is your father’s account.

Not wanting to be unkind, it would be miserable to have your account stolen like that. Of course, for all we know, you could be a hacker trying to gain access to a victim’s staked funds. Not saying that is the case here, but who knows.

[turbid relic]

New browser did it - thank you 🤙

[cunning perch]

[marsh condor]

Have do you guys have a calculator for sushi swap fees collected? Just thinking about trying to work or if it would be worth pulling SLP out after a year claiming fees and putting them all back in for another year. Might be some negative outcomes from that if the forge idea goes ahead though.

[cunning perch]

The Sushi fee is pretty small and if your stake is also small it will not be worth withdrawing and losing the weight cuz then you'll have to re-lock if you want Yield/RevDis. It's always your choice though. I don't think we have calculator for that.

[marsh condor]

Yeah, I expect it wouldn't be worth it but maybe I could figure out what I have gained over the 13-14 months it has been in there, maybe the compounding has added up a modest gain of a few percent and then fold that back into the SLP. If there were a calculator then it would be easy to make a decision is there was utility in re staking at 2x weight (if possible...) but that's all good. Just an idea.

[gloomy gazelle]

My understanding is that the sushi LP fees are just kept in the LP. So it just automatically is part of the added value of the LP tokens we hold.
Here’s the sushi analytics page.
#🥩〕staking message

[swift iris]

Do you have a new link to that? Looks like it would be useful, but not working

[gloomy gazelle]

Thanks for the heads up. Yeah I just updated it.

I honestly cannot remember what it used to be like. But now there’s the biggest percentage of the earning potential on sushi is staking for sushi. BUT it doesn’t come close to staking in the illuvium protocol.

[swift iris]

Hmmm, your discord link isn't bringing me there anymore, haha

[gloomy gazelle]

Discord gets wonky. BUT the post is pinned in this channel.

One of the oldest pins

[fresh plume]

Hi

In a couple of days I will have an unlock in a pair of ILV/ETH. After I unlock what will I get on my wallet? SLP pair with my token volume or ETH + ILV (the volume that I staked for the first time). Thanks

[cunning perch]

Hey. When you stake, you will get staking rewards. When you claim them, they will start their 1 year lock period. Whatever is unlocked, will be in the vesting tab. You have to withdraw them if you want them in your wallet. If not, the ones that are in the vesting tab will still incur rewards.

[fresh plume]

After I shoot, will I get a pair of SLPs in my wallet?

[cunning perch]

shoot? 👀

[fresh plume]

*Withdraw

[cunning perch]

Yes when you withdraw you will receive it in your wallet.

[marsh condor]

Cheers. Interesting how that massive spike in volume seemed to be at the to for ilv.
Just looking at that I very much doubt it would be worth pulling it out.
I expected the fees to be generated in the dominate of the liquidity pair and held off to the side and could be drawn upon - maybe the fee gets divided up some goes to the liquidity provider as you have said and other bits goes to the protocol and x sushi holders. No idea but thanks for sending the link.

[high valve]

hey guys i just seen i could withdraw some slp i stacked last year, that are V1, shall i do it to restack them ? or just do nothing ? thanks a lot

[gloomy gazelle]

You can leave it staked and it will keep earning at its current weight.

[high valve]

ok nice thx

[plain olive]

If the yield ends in 2024, do i have no possibility anymore to get weight 2 for my tokens, when i buy after yield ends?

[coral pike]

Not official IMO I cant see how staking will end just because yield does everything should continue as normal just without yield

[final steppe]

Yes, you should. You would still purchase ILV and stake like you do currently. If you lock for the max time (at the moment, 12 months), then you would receive a token weight of 2. Even though yield farming rewards will have ended after 2024, the token weight applies to the revdis which continues on

[plain olive]

Tyvm Remi

[gentle frost]

When will the yield farming rewards come to an end ? January 2024 ?

[final steppe]

The end of June 2024 👍

That will be when the distribution ends but then keep in mind any ILV rewards that are claimed will be locked/vested for another 12 months.

[gentle frost]

Alright. Thanks !!

[deft wedge]

How much can you earn staking Illuvium?

[gloomy gazelle]

This is the APR in the pools right now. It is variable though, trending downwards overtime because there’s 3% less reward tokens distributed every two weeks. We are a little less than half way through the 3 year yield farming period.

[woeful shoal]

Quick question, what does "weight" mean under the vesting tab?

[cunning perch]

In a simple explanation, it means if you lock for 1 year and get a token weight of 2, if you lock 1 ILV it will count as 2 when it comes to Yield and rewards.

[woeful shoal]

aahhhhhhhh gotcha, sounds good. thats actually what I did I locked my tokens for a year and it said weight was 2

[cunning perch]

enjoy the ride. you can read all about it in the WP and here

[woven ibex]

ILV is not needed for gameplay in any way. Instead, it has three main functions:

Governance:
Together, we have the power to shape the future of Illuvium through our community collaboration on game improvement proposals and electing the initial model of governance, the Illuvinati Council.

Liquidity Mining:
Here, you will gain more ILV (or sILV). Additional ILV will increase your voting power in governance & increase your share of vault distributions.

Vault Distributions:
When you stake ILV, you share in Illuvium's success and earn a passive income of additional ILV, funded through in-game purchases and fees. Vault distributions will only be available from sales once the game and Illuvidex launch.

[cunning perch]

and don't forget to claim

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[woeful shoal]

awesome! appreciate it. and claim? dont I have to wait a year to claim?

[cunning perch]

nope. you can claim even now. However, the rewards will be tiny depending on your staking size. and if you claim ILV, it will start its own one-year vesting. sILV2 will go to your wallet if you choose to claim it.

[coral pike]

@cunning perch im not planning this for a while but if i want to convert my slp eth into ILV is it better to wait till eth is high or ILV ? How do you know when its optimal to split them again ?

[woeful shoal]

so lets say I let it build up for a year, and I claim all my built up rewards a year from now, does that mean it will then vest and take another year to claim? @cunning perch

[cunning perch]

well idk that's your choice, but ETH going up probably means ILV going higher and outperforming ETH and impermanent loss might happen. I donno about the ratio or when or if to change your SLP to ETH/ILV tbh.

[cunning perch]

Yep. The moment you claim (ILV), it will get locked for one year, whether you claim now or one year from now

unless you claim sILV2. It wil go to your wallet to be used in the game or Illuvatar sale or future land sales

[coral pike]

and here I thought you knew everything 🤨 😆

[woeful shoal]

gotcha, hmmmm interesting way to play this. Even the staking is like its own game lol

[cunning perch]

Oh I'm not a market analyst 😄

[cunning perch]

Tell me about it 😄

[coral pike]

@elder dawn can you offer any insight?

[woeful shoal]

lol so future land sales, and illuvitars, and in game expenses, us token holders get a % of that?

[coral pike]

well ok your still awsome anyways .

[cunning perch]

That's a different thing. If ppl use sILV:2, it just gets burned and will not incur Revenue hence leading to no Revenue Distribution. If ppl use ETH, yeah, we'll all shower in the rewards.

[cunning perch]

I mean I wish I were a market analyst. It's a dope science and you need to be smart for it and I'm just dumb lol

[woeful shoal]

ok, so if people use ETH to purchase illuvitars, etc. we get rewarded. If people use sILV2 then it just gets burned. So ok people use that ETH! lol

honestly its smart to be staked now before the illuvitar sale @cunning perch

[cunning perch]

The moto is literally "fight for ETH". Though you gotta know that in-market purchases are all with ETH. sILV2 is just used for in-game purposes or sales (land/Illuvatar)

[cunning perch]

Maybe. Depends on how much $ gets invested in form of ETH. ETH leads to RevDis 🙂

[woeful shoal]

oh no I get that. I mean you can also use ETH to buy illuvtar/land, like I plan on using ETH to buy Illuvitars

I own 3 land parcels, Im hitting this at all angles! lol

[cunning perch]

Yep. many do. Many don't. Depends if they have access to ETH more than they do to sILV2. <any just hoard sILV2 and then buy Iluvatars cuz they are the rewards and they don't pay for it with $, but time and locked ILV.

[cunning perch]

https://tenor.com/view/yes-will-ferrell-awesome-gif-14597941

[woeful shoal]

gotcha makes sense. I plan on holding for ILV, I see the bigger picture with ILV over sILV2

[cunning perch]

Sure. Everyone's plans are different. If hoarding ILV makes sense, then

[woeful shoal]

faaashhoooooo lol

[coral pike]

@woeful shoal @cunning perch For the HOARD! 🔥 ..#💰〕token message

[cunning perch]

I was actually the Horde player, so yeah, LFG

[coral pike]

My main was a Blood Elf

[deft wedge]

@coral pike What would cause Illuvium’s token to gain in value? So many other tokens have become deflationary and are worth nothing and if that happens to Illuvium, staking it would be worthless

[final steppe]

Revenue distributions in the form of ILV token buybacks ⬇️

[woven ibex]

The DAO distributes 100% of vault revenue to token holders.

Revenue distributions are claimed through the official Staking App as unlocked ILV. The vault converts ETH spent in-game into ILV by the main Sushi pool, which increases the token price.

[coral pike]

Here is my detailed write up about the power of RevDis #814313779696238642 message

[serene lava]

Hey guys. I hope everyone is having a good day. I am pondering on something, and I would love a expert opinion. Is there a way to block eth addresses from staking. I fell for a scam, and the fucker keeps draining my wallet and I can’t do anything about it. So naturally I am thinking of consequences for flagged addresses.

Any thoughts 💭?

[cunning perch]

Hey sorry to hear that. Unfortunately, there is no way of blocking an address. If it were an asset, like NFTs, you can flag them on OpenSea and then file a Police Report and OS will block it for good (you have 7 days to file a Police Report after flagging it stolen). But no address can be blocked, unfortunately. Do you still have locked ILV? or rewards or anything on V2?

[serene lava]

Yes I do. I was hoping I can just move the slp tokens on a smart contract level, but I don’t think that is possible. 🤷🏻‍♂️

[deft wedge]

I’m going to buy a land so I can participate in IZ but then I will absolutely buy some Illuvium afterwards. Any decent Illuvium staking guides? I’ve never staked before

[cunning perch]

Opened a thread. Let's chat there

Don't take DMs

[sterile edge]

Question guys - Staking in the ILV/ETH pool - Once the unlock period ends and I can now withdraw the inital amount that I had staked, is this still earning rewards or do I need to withdraw and re-stake again to earn rewards?

[tall viper]

It continues to earn rewards

[bright heart]

Today is my 1 year stake-aversary!

[versed coral]

Mine was 2 days ago

[bright heart]

How do you feel about it after 1 year has passed?

[versed coral]

My belief that this project will be a game changer in the whole gaming industry didn’t change. However I feel kinda sad that I would have gotten much better off not staking and purchasing ILV at this moment as I started with ILV at 600$

[bright heart]

In hindsight yes. Buying now would be better. But this is knowing how everything in the world turned out. But would you know how much you know now about the project if you weren't invested? Also would you wait to buy all the way down here? Or you would have bought at 500? 300? 150?

[versed coral]

Yes that’s the flip side. I just need to arrange myself that I am in the project now. In hindsight so many things would be better but oh well. I will just push in some fresh SLP once the gas is good and then my average price is also going down

[bright heart]

I feel like buying 1 year ago, made me really interested in knowing more. And also allowed me to DCA with more conviction.

[coral pike]

Staking info
#🥩〕staking message

[silent vessel]

Hey guys. I have been staked well over a year now. Havnt been active as of late and havnt checked my rewards and vesting schedule. I always had an impression that if I didnt pull out my vested tokens they would still be staked in the SLP pool. I just went on now to check and for some reason all my SLP stake is totally gone. Is there something I have missed?

[final steppe]

Hey there-- your impression is correct. Once your tokens become unlocked, they remain staked in the protocol unless someone with access to the wallet goes in and withdraws the tokens. This would be you in an optimal case... but if you were scammed at some point during the last year, it is possible you gave wallet access to someone else and they may have withdrawn the tokens and sent the tokens to their own wallet.

I recommend reviewing your wallet transaction history on Etherscan.io so you can trace what happened, exactly.

[tulip folio]

Also did you ever upgrade from v1 to v2 staking?

[cloud quiver]

80% loss on my ETH/ILV stake. Should I just unstake and attempt to reinvest that into something else and recoup the money or leave it staked until the next bull run 😂

[vivid ruin]

Imo, Leave it

[cloud quiver]

Thanks I was thinking the same thing. Went from $20k to 4k. Very sad lol. Why lose 16k now ammirite? Might as well wait and hope for at least $15k in a year or two

[vivid ruin]

Well the thing is, if you still think the project will deliver than it will definatly outperforn the markt in the future. And if you dont need the money for essential stuff. You are most likely going to try to find something else to invest it in. I dont have any better investment ideas than illuvium.

[icy temple]

Hi, I am at the staking page but it looks empty. Is it a bug?

[final steppe]

It shouldn't be empty 😮 The staking portal does load fine for me so perhaps try clearing your browser cache, double check you are connecting the correct wallet address to the staking site and refresh that page to see if that fixes it.

[icy temple]

You are rigth, thank you!

[slate cedar]

I am looking for the contract for the staking version 2 could anyone help me?

Thanks for any who see this

[brazen mesa]

I have the same problem ?

[versed hearth]

Is there a burn mechanism other than SILV?

[gloomy gazelle]

No

[tall spire]

honestly think the whole market is down for crypto now and 4x makes sense. Wait it out.

[brazen iron]

Guys do we just wait til the vesting period is up to claim? Since the button to claim looks like it’s enabled…

[gloomy gazelle]

!claim

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[versed coral]

New SLP stakes on deck 👌

[bleak karma]

can some1 guide me on how to get slp tokens in sushiswap, i did it months ago but the app has changed

[final steppe]

Hey Paul-- from the Sushi swap website, you can mouseover "Pool" at the top and then click "Add" if you're trying to deposit ETH and ILV so you can receive SLP tokens.

The two tokens you'd want to "Add" are ETH and ILV, of course. And you can search the ILV token using the official token address below

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[bleak karma]

ok i was in the new app and couldnt find it. But in the legacy app its like you just said

Thank you

[eternal portal]

at what price did you buy?

[last hawk]

hi can someone help me. what is 1SLP in ETH ILV?

[last hawk]

thanks is there a cellculater?

[final steppe]

I recommend using Zerion. It looks like that's where Keiser's screenshot came from too 🙂 If you google "Zerion ETH ILV SLP" or something of the sort, it should be the first result on there.

[last hawk]

OK thanks

[tulip folio]

Yeah Zerion is what I was looking at. That being said, anyone know how to actually calculate what is equal to 1 SLP?

I know if I take the amount of ETH in the pool x the price of ETH then that is the value of all ETH in the pool and has to equal the total value of ILV in the pool. If I then divide by number of ILV in the pool I get the price of ILV.

But why is 1 SLP 0.211 WETH and 5.194 ILV and not 0.422 / 10.388 or any other numbers in the same ratio? For instance at the high SLP was 6066.75 on Nov 30 at 7pm. At the time each half of 1 SLP would have been ($3,033.375/$4,637.12) = 0.654 ETH and ($3,033.375/$1,830.24) = 1.657 ILV. But why was the price of SLP 6066.75 and not some other random number? I get the feeling it has to do with the number of SLP tokens that already exist, but I don't see where I can find this number... and it also doesn't explain how the very first liquidity provided defined how much was 1 SLP.

I want to build a really good calculator for profitability of SLP staking vs ILV revdis but this is the one thing I don't know. If anyone can explain that would be awesome.

[tulip folio]

As I suspected...
LP price = value of the pool / number of LP tokens
Number of LP tokens is available on Etherscan

[keen gate]

I have a v1 ILV/ETH pool that is unlocked so I can withdraw. My understanding is that it still earns rewards at the same lock rate it had originally but I wanted to confirm. Can anyone confirm that it still earns rewards?

[cunning perch]

As long as it is staked (whether locked/unlocked) it will receive rewards (Yield/RevDis). When you withdraw, it loses the wight and you will have to relock if you want to get the weight back

[keen gate]

great thanks, also any easy way you know of to find out what the balance of 1 SLP is (i.e. XX ILV / YY ETH)?

[cunning perch]

This can help you. Also, you can just type Zerion ETH/ILV on Google and see the proportions #🥩〕staking message

[swift belfry]

Just scroll up. The ratio is posted in this chat.

[cloud quiver]

$300 in August 2021

[tall spire]

Dumb question, I'm sure, but what is this staking all about? Is this staking ILV with a metamask wallet or something?

[cyan rampart]

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

[cyan rampart]

You can stake either ILV or SLP (ILV+ETH as liquidity on Sushi). In return you get rewards, which you can claim as ILV or sILV2.

Metamask is generally the least problematic wallet, but you can use other wallets too.

[tall spire]

thank you, I appreciate that, what exchange is the least shady to get ILV?

[cyan rampart]

The official LP is on Sushiswap, I'd definitely recommend there for DeFi.

There's a list of centralized exchanges you can find in #🔗〕helpful-links too.

[tall spire]

thanks, I'll have to check it out, never seen Sushiswap

[old sphinx]

can you stake brought land? how will this differ from staking the equivalent value in ILV or slp?

[ember ginkgo]

You can only stake the token

[full sedge]

are v1 ILV staking tokens better than non v1 tokens in any way ?

[ember ginkgo]

No, it's just showing you under what contract you staked them. v2 has a bit less gas.

[full sedge]

Oh, if I were to claim v2 I'd be paying abit less gas, nice

[eternal portal]

thanks for answering

[old sphinx]

Thank you for clarifying

[tall spire]

What's the official staking site?

[ember ginkgo]

#🔗〕helpful-links

[tall spire]

thank you thank you, should have just searched it in there

[golden quiver]

hi, my 1 year stake of Eth/ILV has come to an end and i'm able to withdraw. But i heard that if i don't withdraw that i will still be earning ILV, is that correct?

[cunning perch]

Yes as long as it's staked, it will incur rewards

[golden quiver]

great, thank you!

[distant hull]

hi, for staking pool for LPs, does it need to be on sushiswap only?

[final steppe]

If you are interested in the ETH/ILV staking pool that Illuvium has, then yeah, the ILV and ETH must be added to the liquidity pool on Sushiswap since only their LP tokens can be staked on the Illuvium site 👍

[distant hull]

thanks!

[warped dove]

Hey guys, question. "Total Amount Staked" (around $141.76 million) in the staking dashboard include Treasury, team, and other vesting tokens?

Just confirming, as the total ILV amount staked is larger than the current market cap of $73mm

[gloomy gazelle]

It certainly includes vesting rewards. Those tokens are not minted until withdrawn from the protocol. Locked team tokens would not be counted and neither are the treasury tokens. (Because none of those are staked in the yield farming protocol)

The USD amount staked also includes the ETH value of the ETH/ILV SLP tokens staked.

[warped dove]

by vesting rewards, are you referring to the 2.1MM ILV still undistributed from the emissions pool?

[gloomy gazelle]

More than that has been distributed. Actually the 2.1million is what HAS been distributed. It’s just not all been withdrawn yet.

!claim

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[gloomy gazelle]

We are getting close to halfway through through the three years of yield farming.

[steady trellis]

We crossed 70%

[gloomy gazelle]

70% of tokens. But not yet 1/2 of the time right?

[vivid ruin]

@steady trellis could you accept my friend request please? I would liike to ask you some questions about how you access this blockchain data.

[worn turtle]

Man time flies

[steady trellis]

Cant see it, added you, shoot your question

[coral pike]

Wish i could have found out about ILV at the very start .....😦 would have had more time to build

[pale trellis]

Wish I found out about Illuvium just now, woudn't have loaded up above $600

[coral pike]

my first bag was over $800 per ILV it was 100% of my portfolio at the time. It small compared to the bag I have since ILV dropped under $100 so I don't care Ihave made more in rewards and IMO it will seem insignificant once REVDIS starts .

[rough nova]

How do land owners get paid from RevDis? Will it be airdropped?

[swift iris]

by selling fuel produced on their land

5% of the revenue is available for fuel sales rather than going to ILV stakers as revdis

there are more details than that, it's really a separate thing

[ember ginkgo]

Land owners don’t get revdis

[rough nova]

But I thought the fuel generated from the land is sold directly to the players no?

[gloomy gazelle]

Not directly. It’s swapped into a defi liquidity pool.

And the DAO provides 95% of the fuel tokens in the BLP while the land owners would provide 5% of the fuel tokens in the BLP

[warped dove]

Thanks for taking the time to explain and answer my questions. So what I'm trying to figure out is the breakdown of the ILV that's actively staked by token holders. Just doing simple math, it seems that there's about 1.6mm tokens staked in the single pool and about 900K staked in the SLP (assuming half the value is ILV). so there is total of 2.5mm ILV staked, of which 900K is the remaining ILV earmarked for distribution, since 2.1mm is already distributed?

[gloomy gazelle]

I usually just look at this spreadsheet.

#🥩〕staking message

[gloomy gazelle]

I did some quick math and I get more like 500k ILV tokens in the staked SLP tokens.

The upcoming rewards that have not been distributed yet are not staked in the protocol. So those 900k ILV tokens are not included on the staked token count.

[bright heart]

How do I withdraw multiple unlocked v1 vests? I don't see a way to do multiple selections in the UI. And if I click on withdraw - metamask opens directly.

Maybe I'm missing something because on withdrawal it asks me to claim first. I don't know if I'll be able to do it after the claim. Thanks.

[versed coral]

V1 deposits can only be withdrawn one by one. That’s what I had to do aswell. Also you need to claim pending rewards of that pool which you want to withdraw. The UI guides you quite well that it’s being done in 2 transactions

[bright heart]

And if I have to withdraw 5 stakes, I have to do 5 claims, of the rewards as well?

[versed coral]

Unfortunately looks like it. V1 sucks 😅 That’s why I claimed very little rewards as sILV2

[bright heart]

Yeah. It seems to me like it'll be probably good to sync my claiming of vesting with my re-staking. So the claim is only done once.

[hot lynx]

The 12mths stake option looks like a window too far based on the rewards now

[coral pike]

Depends on the rewards your referring to the power of Illuvium Tokenomics is not the token price or flipping but the 100% Revdis. #814313779696238642 message

[hot lynx]

RevDis occurs without a 12 month lock so that's the best window for me

No change in my thinking

[coral pike]

NFA bu you do realize will get much less without the 12 months though right?

... 2x weight is needed to maximize your revdis .

You only get 2x weight with 12month lock.

the last general stat I saw was the average weight was 1.9 don't know if that has change

[cunning perch]

Well that's why the option is +1 month. You can always lock it for a month. But tokenomics of ILV has always been like this and was also pointed out in the WP that rewards will get smaller. #🥩〕staking message

[hot lynx]

I will lock it and get RevDis
No change in my thinking on 12mths as the market flips and flops and being handcuffed in a mass market swing is not my preference. If I want to trade to get more on a down swing I can and that's been a better deal and a better result.
Unless we have an open non beta date ?

I have read the white paper and joined the server when you did 🤣

[coral pike]

Everyone has to do what they personally think is best. No there is no date for live.

[hot lynx]

Correct

[jaunty cairn]

I just send it 24/7. Any stakes I make or have made I go full 12 months.. 2x weight is huge & believe in this particular project long term. Soo... just gonna send it.. yeah

[desert radish]

this might be answered but couldnt find it. so here is my question: if i were to unstake 1 SLP token, how much ILV and ETH would i get? how is it calculated? SLP VALUE/2---> half ETH and half ILV current market value?

[cyan rampart]

Yup, SLP is always half ILV and half ETH, so half the value of your SLP token as ETH, and half as ILV.

You're talking about if you were to remove liquidity, correct?

[desert radish]

correct if i were to remove my SLP token. Also lemme understand this. today Token is 570 usd aprox. if i were to sell and buy ILV i would get 10 ILV. but if i were to keep staking end of staking i would get 6.62 tokens. what happens to SLP token when staking is over? because there is a big incentive to sell my token and convert it all to ILV right now. Am i missing something? i feel i m missing a big piece in my reasoning
*edited some grammar

[cyan rampart]

You are - You don't generally sell your token. Your token is inherently half ILV and half ETH, SLP is just like, a receipt for the ILV and ETH.

When you remove your liquidity, you're taking the receipt back to the liquidity pool and receiving back tokens.

SLP is sellable, being a token itself, but you're selling a receipt for ILV + ETH.

[desert radish]

so removing my slp token would get me roughly 5 ilv and 0.21 ETH

[cyan rampart]

Does that explanation make sense? There's never a rush to remove your liquidity, like it doesn't cease being half ILV and half ETH at the end of staking. It's still the same. The incentive for holding it is lower (because there's no yield left to receive for staking it), but the inherent properties of it haven't changed.

Yeah, at current prices, your SLP token is about 5.3 ILV and about .21 ETH.

[desert radish]

im missing something, i still feel like unstaking and converting it all to ILV is better than keep staking the SLP token.

[cyan rampart]

I'm not saying what's better or worse, I'm just explaining what an SLP token is. What you do is 100% up to you.

[main mulch]

I want to deposit ILV interest. where do you send it?

[cyan rampart]

You want to stake ILV?

[main mulch]

Yes!

[desert radish]

got it. thx for answering. im think it over a few days before taking action.

[cyan rampart]

Use #🔗〕helpful-links to go to the official website, staking is there 🙂

[cyan rampart]

I just wanted to clarify something after re-reading - If you were to sell a SLP token today at $570, you'd get about 10.x ILV worth of ILV. If the price of SLP stayed the same for a year, and you got 6 ILV or so staking it for a year (neither of these things is accurate, just for explanation purposes), you'd then have an SLP token worth $570, and 6 ILV. I think that may have been what you were missing - Comparing just the rewards to just the SLP itself isn't correct. You still have the SLP, but you also have the rewards.

[main mulch]

thank you

[brisk surge]

Thats not the official Illuvium staking. I think they pay in their bakery token or whatever their native coin is. Not sure if its worth it.

[final steppe]

Hey @lament harness Deleting this. Seems very scammy to me.
The link that person provides doesn't appear to actually be BakerySwap.

[gloomy gazelle]

That sounds like a common YouTube scam.

Basically any YouTube video I’ve seen with this guy is a scam.

The bakeryswap website these scammers have made looks pretty real but it’s not.

[timber sequoia]

100% scam... he made the same with illuvium

[cunning perch]

They actually show their face...how do they get away with it?

[final steppe]

Right? Where's the facial recognition software so they can just nab him?

https://tenor.com/view/minority-report-holographic-screen-swipe-right-gif-15868978

[lament harness]

Thanks, pretty ridiculous "guarantee" the asshat was making.

[tulip folio]

Put it like this. Let's say for super simple numbers ILV is $50 and ETH is $1000 and you have $2000 to invest.

Option 1: Buy 40 ILV and stake it max lock. You get 11% APR which decreases over time, maybe 9% for 6 months before revdis. You now have 41.8 ILV to earn revdis on.

Option 2: You buy 20 ILV and 1 ETH and convert that to SLP worth $2000. Now say you stake it at max weight and get 80% APR. It decreases over time so let's say over 6 months you get 70% APR. That means you increased your $2000 by 35% over 6 months. That's $700 or 14 ILV. You now have 34 ILV to earn revdis on (20 in your SLP and 14 in claimed rewards), continuing yield from SLP staking for 6 more months, and you have 1 ETH in your SLP.

Basically it's still at the point where you're likely going to end up with the same amount of ILV whether you stake ILV or SLP 6 months from now... but with SLP you'll have ETH too. In order to think ILV will beat out SLP you have to believe impermanent loss is going to be really high (because ILV value rockets and ETH stays the same) AND game is releasing fairly soon AND revdis will be VERY high (Axie infinity's best year in a bull market) right at release. If all of those are not true, SLP wins.

Some are arguing SLP staking for 6 months and converting just before release is better or getting close to even. It's hard to call w/o knowing future. Even SLP staking 6 months you could still get wrecked by IL if token takes off just before full release, or if game releases right before you unlock, you're also getting lower weight yield during that time, and then if you convert to ILV and don't get high revdis, well you kind of get the worst of all worlds there.

[zinc abyss]

Hello friends 🙂 a newbie here so go easy on me. Staking in the IVL pool atm and im on metamask; what is the meaning of ILV spend limit? and what happens if i custom change it to 0? (which i did) and now i'm not too sure if my stake went through. love some help, cheers

[swift iris]

Are you sure this wasn't the gas fee limit?

I'm not sure what "ILV spend limit" would be

On the staking website the options are only the amount of ILV to stake and the Duration to stake for (which impacts APR and lock period)

Was this an option that appeared after you hit "stake" on the staking website, and appeared in your metamask window?

[zinc abyss]

Yes correct, this option only appeared in the metamask window.

[swift iris]

You'll need a bit of ETH in your MM wallet to cover the gas, right now just a few dollars worth. If you set it to 0 it likely won't go through

You should be able to find the pending transaction in MM, cancel it, then do a new one with a better gas offer

[zinc abyss]

I do have some eth in that wallet. this option was automatically requesting 1.5 ILV, saying i gave permission for that to be used, so thats why i wasnt sure and changed it to 0

[swift iris]

Is that the amount you were staking?

Otherwise, I don't know what that would be. Make sure you're on the correct/legit staking site from #🔗〕helpful-links

[zinc abyss]

i was going to stake over 30ilv

[swift iris]

MM should only be showing you gas fees in ETH and $ (maybe other local currency if you're outside of the US, not sure)

[zinc abyss]

How would i know if the stake has occured? as looking at my mm wallet currently the ilv amount hasn't changed

[swift iris]

Click on the activity in mm, then view on block explorer, it should show 'pending'. But if your wallet still has the ILV, you know it hasn't gone through too.

[swift iris]

Figure it out?

[swift iris]

Once you get it, the ILV won't appear in the MM wallet anymore and you'll see it on the illuvium staking dashboard only. Heading out, but good luck!

[final steppe]

Hi Bodhi— firstly, please DO NOT trust any DMs you receive. They will be scammers trying to take your money.

And one thing ti keep in mind is if this is your first time staking ILV on the Illuvium website, the first transaction you process and sign on MetaMask is going to be an “approval” transaction to basically allow you to use ILV on the staking portal.

This may have been the transaction you processed. I recommend checking your wallet history on Etherscan.io and looking at the recent transactions processed.

If only an approval transaction has been processed, then the actual staking transaction would need to done next.

Let me know if you need assistance @zinc abyss and I’ll set up a private thread here in the Illuvium server (not a DM) so we look into this further.

Again, don’t trust DMs! They’re impersonators and scammers.

[swift iris]

Good call, wish I had warned him of this too...

[whole nexus]

Staking through SLP will end in may 2023 right ?

[elder dawn]

Rewards currently end June 2024. In theory, staking never ends.

[whole nexus]

When Revdis will be live we will need to stake ILV on a new pool ? Locked or flexible ?

[coral pike]

No same pool . Technically RevDiS are live now as the Iluvium Zero Landsale revenue was paid out. Staking has a 1 month minimum for the lowest weight highest weight 2.0 can only be received when you stake for a 12 month period. Once your lock period ends if you leave your ILV alone it will continue to receive revdis as the same rate as when locked

[whole nexus]

Ok so basically they are flexible since they are unlocked, but once we withdraw them they lose their weight right ? If i want to buy more ILV and want to earn revdis, whatever in which pool they are staked they will count for Revdis + the APY in ILV right ?

[swift iris]

Right, just keep in mind the number of ILV in your SLP will change over time depending on ILV and ETH token price fluctuations. When you say lose their weight, it also means no more revdis once you withdraw.

[whole nexus]

If one token overperform the other token then there will be less of the performer token in the pool right ?

I'm wondering what is the best strategy to invest $ now on ILV with a scope of 2025-2026 before touch them, but dont know if i must go SLP or ILV '-'

[cunning perch]

Look at this way: ILV Moons. So the pool will lose balance. The pool sells your ILV to buys ETH to maintain the balance. You enter the pool with equal shares ($100 ILV and $100 ETH), so if your ILV is worth $120 now, to keep the balance, you'll have to lose that $20 to ETH.

[cyan rampart]

That's the right idea. If one token is outperforming the other token, there is less of the high performing token in the pool. The easy way to think about this is: Token 1 is increasing in price because it's being purchased using Token 2. Liquidity pools usually use the constant product formula to balance the assets in them.

There are lots of good articles about how liquidity pools work that might explain the ideas better. https://medium.com/phoenix-finance/understanding-the-xyk-model-of-pooled-liquidity-7340fdc20d9c

As for what's the best strategy, no one can tell you for sure, since no one can know the future. It's definitely a difficult decision.

[whole nexus]

Oh damn ok, but with a horizon of 3-4years from now, ETH and ILV will mooning so, it care only for short term investment no ? will check again impermanent loss theory cuz i forget a bit about x)

[cunning perch]

That's a very long view. Yield farming will end in June 2024. So, we'll have to see what direction SLP staking will take.

[whole nexus]

It's a difficult decision i agree but i'm trying to understand the implication of theses decisions, cuz i dont even know what decision is about x) will try to search more but i'm lost with this topic, my brain freeze '-'
THank's for the link 🙂

[cyan rampart]

Here's how I view it - Buying ILV and staking it doesn't give you much yield right now, the APR from staking rewards is relatively low. However, you own 100% ILV, and you get revdis on ALL of your investment.

Providing liquidity of ETH + ILV gives you a much better yield right now, the APR from staking rewards is significantly higher than the ILV only pool. The trade-off is that only 50% of your investment is ILV, the other half is ETH. There's also going to be some amount of impermanent loss as the price of ILV and ETH changes over time. Impermanent loss can end up being quite a bit.

[whole nexus]

For sure, and what about the APY, it depend on how many liquidity there are on the pool right ? the APY will continue to fall and fall or it can take a pump ?

Another question but : for example if we put 100k in SLP. The 80% APY is on the total amount of $ or the ILV part ? like constant 80% on 100k is 80K at end of the year right ?

[whole nexus]

Oh ok i have the answer i think, so for 100k in SLP. Only 50k as ILV count for the 80% APY ?

[cyan rampart]

The APR does depend on how much investment is in the pool. If more liquidity is added (and the SLP staked), your rewards get diluted.

Additionally, the total rewards distributed decreases every 2 weeks.

The APR in the SLP is for the entire value of your stake. You only look at the ILV portion of an SLP stake when you're determining how much revdis you receive.

If the APR were 80% and didn't change for a year, a $100k SLP deposit would give you $80k of ILV after a year. Of course, the APR isn't constant or locked.

[whole nexus]

Ok i understand awesome, but while we are earning less Revids we are minting ILV weight 2 right ?
Do we know what should be the APR at the final year of staking for example June 23-24 ? Cuz if it fall to 20% or something like it's not worth at all

[cyan rampart]

Any rewards you claim as ILV are staked at weight 2 for 12 months. That applies for both the SLP pool and the ILV only pool.

We don't know what the APR will be in the future. We know that the total rewards distributed will decrease by 3% every 2 weeks, but the APR depends on how much ILV or SLP is staked, which isn't a known or controllable variable.

[whole nexus]

Ok, that's a complex system and a hard decision to make.
If i'm staking SLP or ILV pool, i'm earning ILV weight 2 who are vested for 12 months cuz it's staking but the revdis are withdrawable at every moment right ? Sorry i invested one year ago and i want to put more but i forgot some basics about tokenomics..

[cyan rampart]

For the SLP specifically, the APR actually increases as the price of ILV increases, and decreases as the price of ILV decreases. This is because your deposit is 50% ILV and 50% ETH, but your rewards are 100% ILV. It's kind of complicated. The easy way for me to think about it is with an example like this (numbers just made up for example):

You have a $1000 SLP deposit. ($500 ETH and $500 ILV). ILV is worth $100, ETH is worth $1000. That deposit is yielding you .5 ILV per day, or $50 of value. ILV goes up to $200. Your SLP deposit is now worth $1500 ($750 of ILV and $750 of ETH), but it's still yielding .5 ILV, which is now worth $100.

Your daily return before the increase would be (50/1000) = 5%. Your daily return after the increase would be $100/1500 = 6.67%.

Yeah that's correct - Rewards are ALWAYS locked for 12 months at 2.0 weight, if you claim them as ILV.

Revdis is ALWAYS distributed as unlocked ILV, and doesn't collect yield at all (unless you decide to stake it after you've claimed it).

[cunning perch]

The way @cyan rampart explains sth should be taught in Universities tbh.

[final steppe]

Yeah I started typing, then I saw Blick typing so I stopped... but then he stopped. So I started again... then he started again.... so then I stopped.

And we see the end result 😄

[ember ginkgo]

When I see Blickter typing I just smile and move to the next channel.

[cunning perch]

[cyan rampart]

https://tenor.com/view/shy-aww-shucks-goofy-bashful-gif-16177836

[whole nexus]

Wow ok so if we take this model, it could be cool to calculate how many we earn if we keep 1000$ as ILV but as Revids from games etc not started we can't but i see more clearly now, thank you very much for your answers

Remember me, if we stake 3 SLP now or 12 months ago they wont earn same things right ? It's all depend about $value at the moment of staking ??

[cyan rampart]

The rewards were much higher 12 months ago, just because there was less staked in the pool, and the consecutive 3% reductions hadn't applied yet. It depends on the current emissions of rewards and the total value staked in the pool.

[whole nexus]

Ok, thank's again for your time, will do some research and calculations ^^

[granite spindle]

Really appreciate you making it easy to understand, gentleman and a scholar

[ember basalt]

If tokens are unlocked are they still considered staked?

[brisk surge]

yes, they are staked until they are withdrawn

[ember basalt]

Thanks

[keen crest]

Prob ably the best explanation to IP I have seen, nice.

[cunning perch]

[thin brook]

Hi guys, is staking still worth it?

[gloomy gazelle]

APR in ILV/eth is still significant. BUT it is important to know that the APR is variable and trends down. You can usually assume that actual experienced APR in the next year would be like half of what is displayed.

There’s a lot to consider.

The spreadsheet tool pinned here is often useful. #🥩〕staking message

[pale trellis]

There are 1.5 years left of staking rewards also if you want revenue distributions you need to stake. Bottom line, staking is is always worth it.

[gloomy gazelle]

!revdis is a good point

[woven ibex]

The DAO distributes 100% of vault revenue to token holders.

Revenue distributions are claimed through the official Staking App as unlocked ILV. The vault converts ETH spent in-game into ILV by the main Sushi pool, which increases the token price.

[coral pike]

IMO NFA DYOR here is some more info on the Power of revdis as a reason why staking will always be worth it even after Yield ends .

#814313779696238642 message

[brisk surge]

do you guys know when will tjis emission will go flat? like in 5 months?

[burnt wasp]

don't know just yolo

[brisk surge]

sound financial advice

[gloomy gazelle]

It’s a UI issue. It won’t actually go flat. It continues to decrease 3% every two weeks. The UI probably just rounds the bar graph up to its visible. Can you confirm/clarify that for me @shy basalt ?

[craggy field]

If you actually put it in paint and draw a straight line above it, the rewards seem to increase in the UI.
For sure not the most accurate representation of reward distribution.

[gloomy gazelle]

https://tenor.com/view/that-cant-be-right-jack-donaghy-30rock-thats-wrong-thats-not-right-gif-22014262

[brisk surge]

thank you for making me more confuse

[gloomy gazelle]

There are always gonna be less and less tokens getting distributed

[brisk surge]

thats clearer thanks!

[pulsar sonnet]

How long is 1 Epoch? 1 Week?

[final steppe]

Yield Farming rewards are only active for 3 years (156 weeks) or 78 epochs which are 2 weeks each.

[quick sorrel]

Hi @final steppe .
I had an open support issue with you guys in a subthread to #🥩〕staking .
(Staking rewards and revdis that vanished)
But I can't seem to find the thread anymore.
Can you help me find it again? 🙂

[craggy field]

meanwhile, remember that you won't find it in DM's. Anyone DM'ing you is a scammer :]

[quick sorrel]

Sweet. There it appeared again. Thanks 👍

[ember ginkgo]

[pale trellis]

Sam’s used to it going flat

[tropic knoll]

I’m trying to work out the math but having some challenges… does anyone know about how much slp I’d need to stake to get .5 ilv a day?

[brisk surge]

With an APR of around 80% and an ILV price of $54.27 you would need to stake around $11,885 of SLP.

[brisk surge]

Dang. I have .91 ilv but no eth to stake it currently 😭

I had one but had to transfer it out of Binance to stake it which are some of it

[keen crest]

hey there, sushi swapseemed to have changed their interface and I cant see where you convert into SLP pool, can someone please post a direct link pls

[cunning perch]

Sushi, Liquidity tab, add, enter ETH/ILV proportions, and you should be good to get SLP.

[keen crest]

I think I’m going to dial back the one year stake to 6 months, hope that there is some revenue being generated by

Then haha

[keen ridge]

I doubt it tbh

[versed coral]

In the new sushi swap UI it is under Explore Apps -> Earn -> New position button. Then you should be able to select the network and tokens to provide liquidity. I haven’t used it myself yet though, so don’t take my word for granted. You can always use the legacy 1.0 sushiswap version. Link in #🔗〕helpful-links

[versed moth]

hello i have 1.10 ilv oending rewards on ILV/ETH Pool. Can I claim this and immediately restack them on the pool?

[pale trellis]

You have 1.1 ILV in rewards from staking SLP?

If you claim as ILV they will vest for 12 months from that date and will technically be staked.

[ember ginkgo]

!claim

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[versed moth]

ty

what means token weight

[cunning perch]

Means, when you lock for 12 months and get a token weight of 2.0, if you stake 1 ILV, it will count as 2 (the simple version)

[versed moth]

it means instead of getting 11% i will get 22%?

[cunning perch]

Not in that sense. It will be like you have locked more tokens. Also that percentage changes over time (goes down as more ppl stake and more rewards are distributed)

[versed moth]

OK I understand and do ILV and Silv2 will have same value ?

which one do you recommand me to claim ?

[fickle ore]

hi if i stake 1 ilv? how much will i possibly earn per month?

[cunning perch]

sILV2 has the same value as ILV in the Illuvium ecosystem and officially it is not tradable outside of it. Claiming either depends ONLY on your personal decision and strategy.

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[cunning perch]

There are calculators you can use pined in the channel (pined messages), though I personally wouldn't recommend staking 1 ILV. The rewards will be very small unless you plan to keep it staked for many years to add RevDis to that as well. It's your decision though.

[fickle ore]

what's the ideal ilv to stake ?
i only have 1 ilv for now.. my plan is to sell it when it pumps. but if the revdis will give a good return. i might buy more ilv and stake it.

[cunning perch]

RevDis is non-existent till Illuvatar sale and then will be non-existent again until the games are playable on the blockchain or Merch happens before that. You can try the calculators to see what's good amount based on your strategy and your investment ability and risk tolerance. If you lock it, it will be locked until the lock is done. You cannot sell or withdraw.

[last hawk]

hi how can i get the SLP back to ETH ILV?

[sacred cosmos]

sushiswap

[ember ginkgo]

#🥩〕staking message

[last hawk]

nice thanks

Like the fast answers from you @sacred cosmos @ember ginkgo Thanks

[ember ginkgo]

Always a good idea to check the pinned messages in this discord

[last hawk]

next time i will 100% 👍🏽

[fickle ore]

i remeber when ilv is 1k+ range

[coral pike]

@patent grail miniumis actually only 1 month for staking but at the minimum weight( you get less revdis) 12 months for the maxium weight (max revidis) more detail here #814313779696238642 message

[patent grail]

but rewards are locked for 12 months right ?

i may be wrong thought they had to be vested or somthing

[bright salmon]

it's depend on the duration you select.

[ember ginkgo]

Rewards always have a 12 month vesting period

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[tall spire]

anyone know where I can find the custom token info for ILV, to add it to my wallet?

[ember ginkgo]

!contract

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[tall spire]

Hah, that's convenient. Thank you

[whole elk]

Hi there! My SLP (ILV/ETH) 1 year lock is up and I wanted to get some clarification. When the 1 year lock is up will it continue to yield (if so, does it continue to yield at the apr of a 1 year lock?)

[cyan rampart]

It will continue to yield if you leave it staked, at the same weight you originally staked it at.

The APR is still variable, but your weight will remain at 2.

[fierce perch]

Currently the market cap of ILV is $77mil but the staking page says there is £115mil staked. How can the staked amount be more than the market cap?

[eager rover]

tokens earned through staking are locked for 1 year. the market cap does not reflect that

[fierce perch]

Ah I see.

[whole elk]

Thank you for the info, that is great!

[fierce perch]

I feel like we are at the bottom of the ILV-ETH value and from here out ILV should out perform ETH (as the next few months are busy for releases). So the SLP pool seems like a bad idea at the moment. (I want to keep as much ILV as possible)

[fickle ore]

if i staked now will i still be qualified for revdis?

[gloomy gazelle]

Yes. For any revenue distributed while you are staked.

[fickle ore]

ok i will stake my ilv now thanks a lot

so its automatic right? all i need to do is buy an ILV now and stake it?

[gloomy gazelle]

What is automatic? I’m not sure what you mean

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

[gloomy gazelle]

Do not get scammed in DMs. No one legit sends DMs about illuvium. RevDis once it’s distributed needs to be claimed. It’s claimed separately from other rewards.

[fickle ore]

i mean.. when i staked it will automatically generate me a revdis when it launches right?

[gloomy gazelle]

Yup. Once staked it will be eligible for any revdis until you withdraw it. ||(Mostly irrelevant info: Or the staking contracts get changed to v3… which won’t happen for awhile… probably not until it’s all moved to an L2 solution)||

[dusk carbon]

What is the current APY?

[dense flare]

Check the official Illuvium website for both pool APY

[pure eagle]

Check official site ( #🔗〕helpful-links ) for more detailed APR/APY according to lock period

[dusk carbon]

What’s the difference between ILV and ILV ETH? The reward currency unit?

[worn turtle]

Answered you in #💬〕general

[chrome kelp]

Do we need to withdraw and restake or is it still staked?

[ember ginkgo]

You can just leave it like this

[chrome kelp]

thanks bud

[near parcel]

hi

[violet zephyr]

will i see the distribution daily? for example with 100$ will I get 10% daily or after 120 days ill get 10%?

[final steppe]

Distribution of rewards happens every block... so all day, every day pretty much!
The APY % you see listed is for the entire year.

[candid kettle]

the rewards are distributed by block, the income varies according to the number of tokens in stake, you can get an idea of the income by looking at the APY and APR of the pool you want to stake (which vary according to the chosen lock time)

[sage scroll]

Hey peeps, if my rewarded ilv is unlocked but I did now withdraw! How many percent it gives me as a reward?

[candid kettle]

If you do not withdraw the rewards it continue to yield with weight 2 for revdis and APR of the ILV pool

[worn seal]

If I plan to hold my ILV the next 12 months I might as well stake? Wondering what is the reward per ILV staked over that period and the risks if somebody could help explain

[glad musk]

Hey Fam! Been away awhile(Stepped away from Crypto in general to maintain my sanity during the bear) just wanted to check on something since I have some staking deposits that have unlocked, do I need to claim those and stake in V2 in order to continue accumulating staking rewards on those amounts?

[copper dawn]

there are a lot of articles describing staking and the risks #🔗〕helpful-links . Please read to understand before staking.

To give a quick idea: ILV core pool, you earn the variable APY (currently 11.86% APY, but this will decrease over time). You're locked in and cannot withdraw until it unlocks, no matter the price of ILV.

ILV/ETH pool gives a higher variable APY (currently 83.37%). The higher reward is to help offset the risk of impermanent loss. You will require equal parts ETH and ILV. It's worth reading to understand impermanent loss if you do not already.

[pure eagle]

No, your unlocked rewards will continue earning yield at the same weight if you leave them there (no need to re stake)

You still need to manually claim your rewards for them to vest and receive yield. The only thing you had to do was update your V1 stakes to V2 to keep earning rewards

[nova marsh]

Only if it was initially locked for a year no

[candid kettle]

rewards are locked for 12 months by default when claim is made

[nova marsh]

Oh I see rewards

[candid kettle]

yep

[random minnow]

So I need to actively go in to withdraw rewards or they will re stake for an addition 12months?

Past the original lock period made?

[versed coral]

When your vesting period is over you can just leave them as they are and they will still earn rewards

[random minnow]

My question is are the rewards lock for the same period as they are given in the eth/ilv pool?

[versed coral]

Any reward you claim is automatically vested for 12 months, no matter which pool

[random minnow]

So for example the rewards earned in the final month of your 12month lockup period will be locked for another 12 months before you can remove them? Is that what your saying...?

[versed coral]

Yes. The vesting period only begins when you claim rewards. Your initial deposit may be unlocked after 12 months but if you have never claimed, the 12 month vesting period will never begin

[random minnow]

K so maybe every few weeks you should claim the rewards or its really a 2 year lockup...?

[versed coral]

!claim

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[versed coral]

You need to see for yourself whether it makes sense to claim rewards and justify the gas fees what you pay. Depending on your bag size it can be weekly, monthly or whatever

[random minnow]

Ok that is good, would suck if it had a triple lockup periods for ILV claims... Double is more than enough.

I have around 12 eth worth staked atm...

And for land staking guys? Im seeing allot of very large discrepancy in pricing how do you get to buy the land for better prices?

Ie. Teir 1 blocks going for $100 to over $1000 with no noticeable difference between them...

[gloomy gazelle]

Responded elsewhere

[random minnow]

Thanks looking at it now...

[desert radish]

dumb question, what happens to SLP tokens when staking ends?

[brisk surge]

Staking wont end but once the Yield ends they will just stop earning yield. You would be able to withdraw the liquidity on sushi back into ILV and ETH or you could leave them there for the revdis and pool fees.

[zinc abyss]

Thankyou and to everyone that reached out, nice bunch of people in here 🙂 It was user error in the end, I'm now staked 🤙

[zinc abyss]

Thanks for the help Moz, I sorted it out in the end, it was user error.

[swift iris]

Excellent, so good to hear!! Was worried maybe a DM scammer got to you, lol

[elfin kiln]

hey im trying to stake however im getting an error message "transfer amount exceeds allowance" any clues on how to fix this?

[cyan rampart]

You likely set a limit on how much ILV you approved for spending. You can check it (and fix it) using Etherscan's token approval tool.

[elfin kiln]

thanks just managed to solve the issue!

[cyan rampart]

Awesome 🙂 Just for my reference to help people out in the future, was that the issue (maxed out the original approval)?

[elfin kiln]

yes it was :)

[steel cape]

What % does the SLP pool drop per month/biweekly? Just wondering if there is a exact amount

[craggy field]

The biweekly rewards growth rate is 0.97%. So the rewards decrease exponentially by 3% every two weeks.

This does not include the split between stakeholders. If new stakeholders enter and the total amount of staked tokens increases, the rewards will be diluted over a larger amount of tokens thereby further decreasing rewards.
The opposite is also true. Less staked ILV -> increase in individual rewards.

[steel cape]

Roger that man so around 6% and at the current rate maybe an additional 1-2% in dilution

[craggy field]

Each 4 weeks has a growth rate of 0.97*0.97 so exactly negative 5.91%. A month should be close to 6% yes.
Im not sure about the dilution through additional stakeholders. But if you use 1-2% in your prediction calculations then that is up to you and could be a possible scenario. 🙂

[steel cape]

Thank you for all the help and information! Very appreciated!

[cunning perch]

You wanna know about math, ask @craggy field

[dusk rapids]

is there a staking limit for rewards? i just staked some ILV/ETH and the ILV daily earned didn't change

[cyan rampart]

There's no limit, but sometimes there's a delay on the website updating some metrics.

You can try clearing your browser cache and reconnecting your wallet, that sometimes forces it to update.

[dusk rapids]

thank you i will try that.

[sage mortar]

How much ETH / ILV is needed to make 1 SLP token?

[cyan rampart]

Right now, it's 5.206 ILV + .211 ETH. That amount does change though, depending on the price of ILV and ETH. I use an app called Zerion to check it, but there are other places too. You can also just divide the price of a single SLP token by 2, and divide that amount by the current price of ETH or ILV.

[sage mortar]

Ty

[stuck skiff]

HI All. Is there an API integration within Illuvium staking protocol?

[stuck skiff]

@median canyon@last sky @worn turtle

[pale trellis]

I wouldn’t think there is. What do you want to do?

[stuck skiff]

tax

[gloomy gazelle]

I would think that everything that you need is on the ethereum blockchain and you can read it on etherscan. As could any of the better crypto tax apps

[stuck skiff]

ILV rewards don’t show up on etherscan just claim fee. So it’s all manual I guess?

I’m using immutascan for layer 2 land etc

I’m using crypto tax calculator

[gloomy gazelle]

So are you saying that you intend to pay taxes on the tokens that you have not received because they have not been minted yet and you have only been told that you will receive them in 12 months from the start of the vesting period?

That information is available to savvy operators like whoever setup zapper.fi. I believe it’s in the blockchain transaction logs, but it certainly is not easy to parse.

[stuck skiff]

NFA etc etc….but would you not consider the claimed ILV token rewards (which get locked no choice) an income event? You choose to claim them at that time…but sure you don’t technically have control of them

[cyan rampart]

Generally speaking, you don't own a token for tax purposes until you have custody of that token. Most places consider the taxable event to be when you actually get custody of the token.

Can change region to region of course, and NFA obviously 😛

[stuck skiff]

Australia....time to speak to an accountant me thinks

i guess you'd have to go back and track the associated claim fee though from 12 months prior

[elfin iris]

I have the same issue as @glacial herald here. I'm unable to withdraw vested ILV and receive a "cannot estimate gas" error. I have no ILV rewards to claim as I had already claimed them. How to proceed? Thanks

[past glacier]

eth/ilv just rewards silv, and silv will have use just ingame, right?

[gloomy gazelle]

Both pools have the same reward options. ILV or sILV the choice is made when you claim the rewards you’ve earned so far.

But sILV does have use for paying the game studio for anything it is selling on the blockchain directly to users/players. So not just in game really. Also future land sales #1023666768394322070 and the #🎮〕illuvium-beyond

!claim

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV2 you have it unlocked right away (sILV2 is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[spare light]

Does the revenue distribution change based on the length of the lockup period ?

[ruby berry]

Nope

[strange wadi]

I thought weight from lockup still applied. But all Ilv tokens were treated equal regardless of which pool they were in.

[hasty glen]

hey guys, So i have so sILV invested in the V1 pool and it is now ready to withdrawl. I am curious about what would be the next best step. leave the sILV in the pool (will it will give rewards?) or is it better to withdrawl and then redeposit to claim more rewards?

[strange wadi]

Do you mean SLP instead of sILV?

If so, pretty sure you needed to migrate to v2 to continue getting rewards

If it’s been migrated, it will continue giving rewards, no need to restake (unless you didn’t do 12 months and want to increase weight)

[cyan rampart]

Token weight does apply to revdis, but like Adrian mentioned, pool weight is not a factor for revdis.
@ruby berry
From Medium #9 (Tokenomics + Rewards/Staking):

Some of the info is dated with staking V2 (specifically flexible staking), but weighting still applies to revdis.

[spare light]

Appreciate it, gonna jump in here soon. Been around for a long time, finally got the cash, and can't wait for release

[final steppe]

https://tenor.com/view/ilv-illuvium-one-of-us-wolf-of-wall-street-gif-23354367

[ruby berry]

Oh, i prolly watched an old yt video.

[ruby berry]

Or a wrong one.😁

[cyan rampart]

There are a few of those out there haha - Thankfully not too many 😉

[cyan kraken]

question, wen lock ends but still staked do we still get the same rewards until withdraw?

like the 2.0 weight

[cyan rampart]

Yup

[cyan kraken]

ok so no need re lock,, even if on v1? and thanks for quick reply

well site says v1 Im sure its moved back a while

[final steppe]

No need to relock-- those who have a lower token weight may want to consider relocking for a longer period of time if they want a larger token weight.

[cyan kraken]

cheers

[final steppe]

But at 2.0 weight already, you're pretty much set 🙂

[cyan kraken]

only bad part on the 2 is ILV pool.. kinda want all LP now with rate.... hmm lol

[final steppe]

https://tenor.com/view/idk-overwhelming-decisions-tough-which-way-gif-16492154

[cyan kraken]

haha yup

[quaint nymph]

Is there a problem with claiming ILV and vesting?

Warning! Error encountered during contract execution [execution reverted] and Transaction Fee:
0.002181157596656532 Ether ($3.23) lost trying to claim.

should I create a ticket?

[hasty glen]

so when i upgraded my ILV/ETH pool to version two. I 'upgrade and claim' is shown in my metamask walled, but the amount claimed hasnt shown in my exchanged, but is showing in my claimed rewards. I still have a successful cliam from when I made a later claim of investment. Where did the inital sILV go?

it appears as tho it was never 'claimed' by my metamask account

and when going to the exchange i can only change 0.34 sILV2 of the 5.5 i have claimed

[vivid cove]

How i gas right now? Is 15 low or is 3-5 possible any time soon? You have to claim revdis alone?

[hasty glen]

15 is pretty good tbh

[vivid cove]

Ok thanks 👌

[hasty glen]

can sometimes get lower, and if its to claim you can always wait

[tulip folio]

According to Etherscan historical gas oracle the lowest it's gotten the past several days is 7-8 gwei with average in the range of 13-22

[abstract mica]

just a question... if i leave my rewards in vesting and dont withdraw, will they continue to earn?

they are mostly in v1. how do i get them into v2?

[cyan rampart]

They will continue to earn if you leave them staked. The only way to get the icon next to them to say "V2" is to unstake and restake. Right now, anything that says "V1" is locked in the V1 contract, but is being read by the V2 contract, and giving you rewards that way.

[abstract mica]

many thanks.

[hazy token]

Hey y'all, what are current estimates on when a regular stream of revdis will start coming in? Before eoy 2022?

[cunning perch]

Hmm, if you mean numbers, there are none cuz there isn't any product out yet. You can discuss RevDis in #💰〕token No date has been given regarding any product. It's just the order of the release that was mentioned in the last Dev-Blog

[austere nexus]

Hi, around how much % can i get if i stake ILV?

[austere nexus]

🙏

[final steppe]

Please keep in mind that those are the current estimated APYs of each pool but the the APY is variable...so it is going to change over time and you will most likely not be earning that same APY throughout the entirety of your vesting period.

[bitter dock]

Question regarding vested rewards that have past the vested period. If I don't withdraw them, are they still earning me rewards?

I also see a "v1" next to vested rewards. Is there anything I need to do to update them or anything?

[final steppe]

As long as they are still staked, both unlocked and locked tokens will continue to earn rewards at the original token weight that was set when they started vesting 🙂

[bitter dock]

Ok cool, so they'll still earn rewards up until I withdraw the rewards from the vested section?

[final steppe]

Nope, nothing needs to be done. There was a process of upgrading the POOLS from V1 to V2 a long time ago but the rewards will continue to show "v1" next to them if they were originally claimed during V1. You can withdraw them just the same once they're unlocked.

[final steppe]

Correct. ILV Rewards continue to earn the estimated APY of the ILV Core pool.

Staked Deposits continue to earn the estimated APY of whichever pool you staked in, of course.

[bitter dock]

Sounds good - thank you for letting me know, appreciate it!

[frozen briar]

Question... Recently I've had some rewarded ILV become withdraw-able after the required 1 year lock. If I don't withdraw it am I still earning interest on that ILV? Or do I have to withdraw it and re-stake to keep earning that interest?

[brisk surge]

Your stake will continue to earn until you withdraw even once it unlocks.

[frozen briar]

Awesome! ty

[jade flower]

What’s the best place to get breakdown on the two pools. And like scenarios on which one is best to stake in. Let’s say I wanted the highest portion of ilv rewards is there a clear winner?

[coral pike]

Yes single pool 100% of your stake gets REVDIS SLP only 50% ( the ilv portion) get revdis

[jade flower]

Ahhh good to know- do we know if they’re going to offer longer staking timeframes?

[coral pike]

Not likely. i have been trying for a year --- keeps getting shot down as " not fair to change the rules" would need massive community support to change the minds of council

[jade flower]

Interesting… that only strengthens the protocol in my thoughts. And isn’t everything about the governance in the hands of the people?

Less selling pressure on the token if it’s all locked up

[coral pike]

@jade flower I have even made a case on a situation where I would be personally be willing to Perma locks tokens under the right conditions
#814313779696238642 message

[jade flower]

I like that read I was thinking at least a 5 & 10 yr lock

[limber blaze]

can we stake land now?

[gloomy gazelle]

Land does not need to be staked. Do not trust anyone that sends you a direct message.

[limber blaze]

Does land do anything at the moment?

[gloomy gazelle]

No. Not until the #1023321302163009556 game is playable.

Staking is for tokens.

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

[flat wedge]

There is no unlocked staking besides LP?

[coral pike]

No min is 1 month but ILV rewards still vest for 12 months
if your locked period ends then you can leave them unlocked and they will continue earning at the same locked rate until withdrawn

[brisk surge]

Do we have any current estimates of how many tokens are staked at 2.0?

And also, do we have any general expectations of what percentage of total tokens will be staked once game is in full swing?

I'm just doing some napkin math re revdis, based on hitting the same numbers as axie at peak. Theirs was $1.3bn if the Google search is to be believed.

If we reach the same level of revenue as axie, and if I'm not mistaken, then that would be approximately $170/token per year (assuming 7.5m tokens staked), which would value the token at around $1,700 per ILV, which would be a fairly good profit for anyone who bought at less than $1700

And finally, re treasury tokens, I heard someone say something about treasury will aim to keep a minimum of 10% of tokens to support the studio. Is that going to be enough money to support the studio?

[gloomy gazelle]

7.5m staked is a fine estimate today. But closer to 8.5m is my guess in the long run. Not that much sILV2 has been minted of the 10m.

[gloomy gazelle]

I believe this will be brought up at the town hall.

[brisk surge]

Gosh, if 8.5m tokens are locked, and the dao has to buy ILV off the market using all the eth we get, then each ILV gonna be worth tens of thousands.

Am I correct in assuming that locked tokens are untouchable by the dao?

[gloomy gazelle]

Actually there could be a lot of ILV staked as liquidity in the eth/ILV pool. That’s still eligible for revdis and provides liquidity for swapping.

[brisk surge]

Oh for sure, but I guess the mechanics of forcibly buying ILV from the market, whilst 85% of them are staked/locked, then that would be a hefty competition

[gloomy gazelle]

I’m probably over estimating.

[brisk surge]

Better safe than sorry

I don't care about token price really. Im certainly never selling. So the less staked the better, in terms of revdis obvs

[elder dawn]

Given the unlock, there’s been a lot of token movement (Lelahel is doing a good job tracking and sharing on Twitter), though with the lack of immediate revenue, I haven’t been as diligent at following the average locking ratio. Once we have vision to open beta, it will become a lot more interesting and meaningful.
@brisk surge , your concern around locked tokens is valid, which is why it's critical to incentivize the liquidity pool to maintain the ability to swap, particularly for revdis. The DAO may also continue to play a role in providing liquidity, and depending on staking rewards (through 2024) and swap fees ongoing, we may need to ensure there is sufficient depth in the pool to avoid major price swings.
Personally, I always think of pricing in terms of enterprise value (fully diluted market cap), and forward revenue. I don’t bother with the current market cap, as that’s irrelevant to my time horizon. Realistically, unless something changes dramatically, I expect the total ILV supply to be around 9.5 million, so today Illuvium is worth $650 million, and to get back to $1000/ILV, it would be around $10 billion. Axie is a good benchmark, though is the $1.3 billion sustained or bull-run inspired? Maybe I’m an optimist, but I’m looking for what does GameFi/web3 gaming look like if/when it's considered mainstream?

[elder dawn]

Regarding 10% treasury, that’s all about funding operations. Huge token price cures everything, though as we’re seeing today, bear markets are painful. The idea is projecting the recurring revenue and what percent of that is needed to sustain the DAO’s expenses. At 10% ILV staked by the treasury, that’s likely 15-20% of all revenue used to fund operations, which seems doable, though we can always tweak it as a DAO if necessary.

[steady trellis]

9.5m token seems a bit high to me, if staking rewards is the only source of silv I’d say 9.3m.

If the ingame rewards can be choosen to be distributed as ilv or silv then itll be a glorious ride as most of the player would want in game currency and won’t care about ilv token …. But that all another story, need a burn mechanism, and an iip is needed on that.

[elder dawn]

yeah, i agree that making in game rewards available as sILV2 would be huge, and hugely beneficial to those more interested in ILV features. I'll also bet sILV2 claiming continues to slow down, and after illuvitars, we'll really get a feel for the percent of staking rewards chosen as sILV2. You know me, I'm more conservative.

[cyan rampart]

Ugh, no more sILV2 please haha

[brisk surge]

Thing is as soon as people cash out their RevDivs, the price will crash with an equal amount so it does not really matter, its a net zero operation after. (basically you give stakers the ETH)

[brisk surge]

Except for all the people who reinvest the revdis to compound their position. That plus all the wallets that are lost or forgotten about that will never withdraw their revdis.

[elder dawn]

That's the key thing - its theoretically "at worst" net zero. Any retention or reinvestment is net positive pressure on the token price.

[brisk surge]

Yep, that's correct. I did not want to make it sound bad, just that spikes will happen but can easily level out

[elder dawn]

totally. I actually wrote a bunch on this before the land sale. there were a lot of debates back then regarding how much the DAO needs to spread out the purchases, particularly as we approached token unlock. The concern was DAO revdis buys could be exploited as a means to dump unlocking tokens. long term, likely net positive. during the time of the greatest unlock and initial test of revdis, it was a little scary to some.

[spare light]

Did I read that correctly? Once the lockup period ends, your token unlocks and you continue to earn the staking rewards and revdis???

But then to up my return if you will, I'd have to restake once again for the longer lockup?

[bright heart]

If you are staked at 2 weight. If you don't unstake it, you keep it.
If you unstake, however, you're back where you started and need to lock up again if you want 2 weight.

[sacred cosmos]

no. once locking ends you still earn yield based on your original lock in weight. So if you did 1 year then you still earn 2.0 weight

[spare light]

What if I were then to move some tokens ?

[sacred cosmos]

youll effectively unstake and have to stake again to gain yield

[spare light]

Appreciate it

[sacred cosmos]

anytime

[wintry forum]

Hi everybody! 😃

[final steppe]

[wintry forum]

Just a question, please 🙂
Some of my ILV are staked, is there any event about that?

[final steppe]

I'm not sure I understand the question, I'm sorry! What sort of event are you talking about?

If your ILV are staked, they will earn rewards which you can claim as ILV or sILV2... rewards are constantly earned every block (so every 15 seconds or so) and you can claim them at any time as long as you have the ETH to pay for the gas 👍

[wintry forum]

Oh, got it, thank you 🙂
I meant something extra, i.e. drops or similar

[final steppe]

Not as of right now. In the early stages before staking was even out, the team wrote an article on the Chainlink VRF technology they're using and mentioned stakers may eventually randomly receive NFTs! I assume they meant after the game is launched but I think we'll need to wait for more details from the team on that.

[wintry forum]

Great! Thank you so much!😃

[brisk surge]

Hello, i think i have been scammed by some employee of illuvium, i had my coins stacked for 1 year and in the day of unstacking he transferred all my coins to his account. ( the staking contract his give him access to this)

Could i get some support to help me investigate this issue?

[candid kettle]

No one can interact with the contract unless they have access to the wallet that signed it the first time

your wallet has been compromised in some way, there is no way for someone from the team to modify the stake contract to make such an operation, even because the withdrawal goes to your wallet, you cannot move the funds without access to it

if you want we can open a private thread to analyze the transactions but that must have happened, somehow your wallet was compromised and whoever has access made the withdrawal and transferred it to another wallet

[burnt hill]

does anybody know if the unlocked SLP does still count for the staking rewards ?

Or do we need to lock again the unlocked SLP to count towards the staking rewards ?

[brisk surge]

You continue to earn rewards until you withdraw. No need to restake

[coral pike]

without the ha ha ..i used to think it would be a good idea because of the burn but now I agree with Aaron I just want it all to go away after yield is over so can get pure revdis.

[elder dawn]

The benefit case for silv2 remains reducing ilv, and the reason is people purely interested in playing the game without interest in governance receiving the 1 million reward ilv. They can always win ilv and sell it, so just more steps to them versus giving them Illuvium gift cards.
Whether it's worth the complexity to enable silv2 is the question. Greedy me is all for any avenue of reducing total ilv.

The irony is if someone wins ilv rewards with the intent to either play more or sell it, sliv2 is actually the better choice, as inherently choosing it increases its value indirectly by creating more scarcity in ilv, raising your gift card value. Choosing ilv is always a longer term Illuvium future play. So, more silv2 is the answer.

https://tenor.com/view/prove-me-wrong-matty-matheson-worlds-greatest-chicken-soup-show-me-that-its-wrong-prove-my-point-wrong-gif-26330151

[rapid anvil]

Sounds right. Verified randomised giveaways, good tool to use especially for chainlink marketing towards ILV using their oracles

[tulip folio]

It's also worth pointing out that people spending sILV2 in-game doesn't affect the DAO (except for 1/20th of fuel sales going to land holders and possibly merchandise costs). If they're spending the sILV2 to do circuits then they're just generating "freebie" illuvials, which mildly dilutes illuvial/skin market while mildly shrinking the ILV supply. Still, I'd be willing to bet someone claiming as sILV2 will be very liberal with their "free" money, as opposed to if someone cashes it out as ILV and sells it with the plan to spend it all in-game, they'll likely be more stringent with how exactly they spend it.

Interesting question: Say someone wins $1m worth of ILV but claims 10% as sILV2. How is that taxed as far as income tax? Here in the States gift cards can be counted as taxable income. What about if you claim the sILV2 and ILV is worth $500, but when you spend it it's worth $1000, I would suppose it's treated as any other cryptocurrency even though it's only officially in-game.

[swift belfry]

I’m not a tax lawyer, and even if I was I’d point out that there are different tax rules in different countries.
However my expectation would be that it only counts as capital gains (not income) when you convert to fiat currency.

If you bought a luxury watch, and the market price of that watch doubled, then you traded that watch for a small boat, which you eventually sold for twice as many dollars as you paid for the original watch. What would be the tax treatment? It wouldn’t be anything to do with income tax, that’s for certain. Also I’m pretty sure you wouldn’t pay capital gains tax until you sold the boat for fiat currency. Trading one good for another good of equal value is not a taxable event. I assume.

[swift belfry]

To respond to your particular example, the answer is probably the same as if you win a painting worth $1m in a competition, you then swap that painting for another painting worth $900k and a rare book worth $100k. How is that taxed?

Remember that crypto currencies are not recognised as currencies in most countries, so you just need to apply the existing tax rules that relate to winning non-cash prizes in tournaments, movements in the value of goods, and bartering.

[wooden crag]

I know this gets thrown about possibly on a daily basis .... Which pools do you consider works out best atm?
ILV ( Max Revdis )
SLP over 6 or 12 months
( Considering 6 months gives APY of 50% and impermanent loss of 20%) ( or 12 months ??)

Any input most welcome 🤓🙏🙏🙏🙏

[craggy field]

Please realise that your mention of sILV is misplaced.
This should be SLP.
The mere mention of sILV is also tricky because the first iteration of sILV was exploited. The new version: sILV2 is the correct one.

[wooden crag]

Thank you yes. I'll edit my post.

[wooden crag]

I would love to know opinion on staking slp for 6-12 months at this point as aposed to ILV or a 50/50 split?

Impermanent Loss being my biggest concern

[craggy field]

Im not sure 😄
I personally did SLP last year because the rewards were so high. Now with so much decrease in rewards it is a lot harder to choose. I think we are closing in on the point where ILV = SLP.
I might be wrong obviously but at this point i dont think you can really choose wrongly. ILV barely gets you any yield but this might be made up through Illuvitar sales and merch. SLP will still give some decent yield but gives 50% less revdis.
Im not sure to be honest.

[wooden crag]

Thanks... Whats your thoughts on impermanent loss ?

[craggy field]

I havent calculated that ever since i started staking 😄 but both are strong assets. So even if you see one pumping faster than the other they should both pump imo. My unprofessional opinion and you should make calculations yourself before jumping into things headfirst.

[wooden crag]

Pretty much my thoughts however.. ilv has a good chance to outrun ETH imo

[snow stump]

Hi everyone.Im close to some staked funds being unlocked.can someone link me to an up to date document that goes over how to correctly and safely release your ETH/ILV from SLP.thanks

or can someone confirm,when the slp unlocks i can claim to my wallet and then simply swap the slp back to eth and ilv through sushiswap again if i didnt want to restake?

[craggy field]

Yes that should do the trick.

But you dont have to restake. As long as you dont withdraw your staked SLP tokens they will continue to accrue staking yield without being locked from that point.

[snow stump]

Oh nice.Okay thanks alot for your response 👍

[cyan rampart]

It's worth noting that you'll be withdrawing your liquidity when you exchange your SLP for ILV and ETH. We've had people before who try and use Swap on Sushiswap, and that won't work. You'll use the liquidity tab.

Like Garf mentioned, your staking deposits do continue to produce yield and be eligible for revdis after they've unlocked, so you can wait for whatever time you want to unstake and withdraw your liquidity.

[rancid laurel]

use a IL calculator and simulate the cases.

[wooden crag]

Thanks. I've locked in slp for 12months... IL simulator sounds like a good idea. Sure there must be one pinned

[cyan rampart]

There may be, but the calculation isn't very complicated. A quick Google will turn one up for you almost immediately.

[slender ocean]

how many ETH and ILV in 1 SLP currently?

[cyan rampart]

4.99 ILV and .22 ETH.

[nova marsh]

If I have my tokens locked is it possible to move them into my ledger wallet still?

[sacred cosmos]

If it's in metamask you can move those to your ledger wallet

When you setup your new ledger you just plug in your seed phrase unto it then delete your metamask plug in. Afterwards, you setup a new MM on the browser (so that your browser won't have the old seed saved) then you connect the new MM with the ledger connect.

[rancid laurel]

Dnt know if this is a ironic comment or a legit one. But it kinda works for me. In the realms of price ranges and timeframe you kinda could have a price range you are confortable to liquidate the LP, and you have a good stimate for the ILV rewards from that stake. For me, not worth it because i already have land and ILV singlesidded. But if i have none of that, i would put some of my portfolio into slp and lock up for 1 year.

[wooden crag]

Thanks.... I accepted the possibility of IL before staking.
Just ran the simulator and I think I'll be ok.
I have no land or ILV left so I think your right sLP was my best investment option.
However I think I may want to play at some stage so will get land , blue prints etc if possible.

[snow perch]

quick question i staked a year ago and wanted to claim my rewards and unstake but it says that it will be locked for 12 months
so i cant get my rewards and unstake in one go ?

[final steppe]

That's correct. Any rewards claimed as ILV tokens are automatically vested and locked in the ILV Core pool for 12 months, earning the estimated APY of that pool as well. They can be withdrawn after that 12 month period has passed.

You could claim as sILV2 which is available in your wallet immediately. Keep in mind this is a very different token. Meant for spending in-game once the games are launched. Or spendable in ecosystem sales such as the Land minting and Illuvitar minting, where it will be 1:1 with the ILV price. But if you go to trade the sILV2 token on the secondary market, you'll notice the price is much different (and lower) than ILV currently.

[blissful badge]

I think you should run for council. What do you think?

[cunning perch]

Scrub would do great on the council. I agree

[snow perch]

ok thanks

ngl that sucks big time
never seen a staking feature which offers multiple times to stake with differnt apy which forces you to stake for 1 year anyway once you try to claim...
staked a year for nothing
well probably should have read the update to v2

[coral pike]

Putting aside the fact I disagree with your opinion of the staking protocol . How did you stake for a year when in February you state you still have not staked?

[snow perch]

correct
it felt like a year we all know how fast the space moves
and months feel like years
but that doesnt really change the fact that you stake and cant reedem it until you unstake AND from there you have to wait 1 year thats ... idk not optimal.
could have staked on cex for close to same apy and back then and that had been liquid even tho thats not offered anymore.

[brisk surge]

ILV rewards are locked for 1 year from when they are claimed. So had you been claiming rewards throughout your stake then you would have tokens unlocking 1 year after your first claim. Since you didnt claim any rewards until now those rewards will start their 1 year vesting period now.

You also could claim sILV2 for your rewards and not have a lock period although sILV2 is trading at a lower price than ILV on the open market.

[coral pike]

If all your staking for is apy would suggest learning more about REVENUE DISTRUBUTION. I wrote about it it here.
#814313779696238642 message

[snow perch]

i see but some ppl stake and dont want to touch it until market condidtions better which typically takes years to do so
from bear to bull
should have been coded that your year start counting once you get your 1st stake or at least count for each individual delegation
well what you gonna do needed the liq now i have to look for other ways

[coral pike]

just be sure to regularly claim your rewards now so until the end of your original staking period whenever that is . You will be able to withdraw your principle then and your rewards will complete 1 year after your final claim . (this is assuming you choose ILV and not SILV-2 as you can with draw that immediately.)

[dense radish]

5272

[gloomy gazelle]

5273

[burnt hill]

Thanks. Also let's say i already have ILV tokens that are fully vested and i can withdraw them, are those still counting as staked ILV? Or do i need to withdraw and lock them up ?

[brisk surge]

yep, as long as you leave them staked and dont withdraw they continue to earn. They also have a 2.0 weight because of the 1 year vesting period.

[burnt hill]

That's really nice, yeah i don't intend to withdraw them at all i just want to know if i need to do that to just lock it back up again

In this is case i just leave as it is 🙂

[brisk surge]

Its really cool for people who want to hold long term. Ive been withdrawing some of my rewards to restake them in the SLP pool but im keeping some unlocked too so I have some tokens liquid for when the price pumps!

[burnt hill]

That's my idea too. I would assume then they also count for REV dis too ?

[brisk surge]

yep!

[burnt hill]

Thanks for the help mate

[brisk surge]

NP let me know if you have any more questions

[smoky cove]

Anyone ever get an "Insufficient ILV Balance" on sushi swap? I am trying to get SLPs by adding liquidity for ETH/ILV.

[gloomy gazelle]

Input your max ILV amount and it’ll show how much eth you need.

[smoky cove]

Oh, I see. Thanks!

[molten harness]

hello

[blazing path]

What are everyone's thoughts on long term staking ILV pool vs SLP pool right now? I plan a big SLP stake... big for me anyway, but I'm not sure with the APRs if it might make more sense to just stake a bunch of ILV now...

[coral pike]

IMO NFA DYORi am doing the opposite my primary stake was 100% SLP when i started. All my new deposits are in ILV only pool to maximize RevDis. Eventually when the OW moves closer to "live" i will move my SLP to ILV and convert the ETH to more ILV.

I think transferring out of SLP and going to 100% ILV will be the smart move for anyone long term as I believe revdis will out perform "yield" and you only get revdis on the ILV portion of once live as the sentiment about changing any of the "rules" or incentives regarding the staking protocol over the last year I have been trying is considered "unfair and shouldn't be done" so most likely nothing is going to change there so its safe to assume will continue with my current plan of max locking ILV for the 12 months and then just letting it sit there for as long ad revdis exist.

#💰〕token message

[blazing path]

I understand. All my original stakes were SLP as well.... and I decided about 6 months ago that when the APR hit around 100%-120% it would be time to start thinking about switching everything over to ILV stake.

But now that I'm ready to pull the trigger on the next deposit.... i think we're right on the line of which makes sense...... if the game is not out for 6 months, then for 6/12 months your revdis won't be maximized, but your overall ILV will be higher right?

and in 12 months from now, when all games are out in full, you can still move everything to ILV stake long term. So it's hard for me to deposit ILV pool for revdis when nothing is out yet.... it's sitting there getting 10% instead of 80%

I agree completely when the game comes out...just go all ILV pool and forget it..... Revdis will be higher than APR, so it's an easy decision

I don't fully understand the projected differences in $ value of SLP vs ILV pools assuming game is out 3 months, 6 months, 12 months from now.... but I assume it works something like if it's out tomorrow....way better for ILV pool.... if all the games don't come out for 12 months, definitely better for SLP pool...... but I think all the games will be out in about 6 months. Right in the middle

[blazing path]

I just read your other post as well....makes sense.... but everyone's goalm is to eventually have the most ILV staked if they are a long term investor.... the question is does SLP pool get you there with a higher amount of ILV because of the 80% rewards.... which might be 20% a year from now... so maybe that's the key part I'm missing.... rewards are falling like a rock. It was 90% like a week ago

Honestly... it's so much simpler to just buy ILV and Stake ILV lol.... I almost want to do it to not have the hassle of liquidity pools

[coral pike]

Honestly i don't concern my self with min /maxing yield to much at the beginning all i saw was 80% goes to SLP and gave you 350% ? somthing like that so it was an easy choice.

The only thing I feel i truly understand is the basic concept which is every 2-3 weeks? the amount of yield reduces. So basically the yield you get 6 months from now will be drastically smaller than the yield you get today

[coral pike]

Yes but remember there is the illuvitar sale (which does not have a predetermined ending) and anything else that comes along before live

[coral pike]

https://tenor.com/view/illuvium-ilv-yield-farming-yield-farm-play2earn-gif-22468703

[coral pike]

see above regarding the gradual yield decline

[blazing path]

good points

[blazing path]

It's falling faster than that though... 10% on 90% in one week is a lot

[tulip folio]

This is a misunderstanding of what the yield rewards APR means and I see it constantly in this chat. The APR is not falling as much as you think it is. Per each SLP you stake you get a certain amount of ILV tokens per day. If you stake 1 SLP and the value of ILV is low, then the VALUE of ILV tokens you are getting is fairly low, so you get a low APR. But what if the value of ILV increases?

Think of it like this simple example, if 1 SLP is $500 and each ILV is $50, and you invest $500 to get 10 tokens after 1 year, the website would show a 100% APR when you go to stake.

But if the value of 1 ILV becomes $1000 at the end of that year you just made $10,000 for an investment of $500.

The best APR is amount of tokens you get per day x 365 x price you think it will hit / years it will take to hit that price.

[blazing path]

So in that scenario... if you took your $500 at the beginning though and bought ILV with it, you'd have $500 in ILV.... you'd get 5% or whatever from the pool, but if the token price goes to $1000, you still get a 20X.... so your ILV of $500 is now worth $10k right? plus the small % yield

so $11k ish from staking ILV plus you also get revdis

[tulip folio]

Correct.
But SLP is half ILV so your $500 SLP is now like $5250 minus IL or whatever.

[coral pike]

The point was making is that yield does drop every epoch. that is a fact.

[tulip folio]

absolutely but people freak out about the drop from 600% to 300% to 80% APR when most of that was driven by ILV price drop.

[blazing path]

I'm still confused which produces more value in a year haha

or over the next year with expected game release rather

[coral pike]

NFA DYOR ILV core when revdis starts. Until then SLP only because its 80% compared to ILV 20% but again what you make today will be more than you make 6months form now

[blazing path]

so perhaps a 3 Month SLP stake is best

[tulip folio]

as of right now SLP is undoubtedly better. the only question you should ask is how fast do I think revdis will accelerate. should I stake SLP 6 months or 1 year.

[blazing path]

then convert to ILV stake... that makes sense

[coral pike]

that is up to you to decide LOL NFA

[tulip folio]

it's still VERY possible revdis isn't that high at the start, and SLP higher weight additional yield + yield after release + half revdis is more than you would get converting to all ILV.