🥩〕staking

[lyric needle]

Seems the general consensus is anti sILV2 for the health of the DAO. It cuts too much into profit early on when we need it the most. So I doubt we will have sILV2 claimable from revdis.

[devout bobcat]

Why would i claim silv2, if i can claim ilv? Makes no sense from a monetary aspect

[cyan rampart]

A general motive is that sILV2 is unlocked, while ILV goes through 12 months of vesting. There are certainly valid reasons to want liquidity NOW instead of tokens 12 months from now. There are other reasons as well, such as wanting to play Illuvium.

I'm only speaking for myself here, but I would not like to see sILV2 claimable from revdis. While the long term impact (effectively acting as a token burn) is certainly nice on paper, there's nothing requiring ILV to be deflationary. There's also risk with sILV2 - The more that exists, the more we have potential for a massive amount of outstanding value to be floating around the market. sILV2 behaves like a gift card that never expires, and can be worth more. The net effect is that if someone decided to sell a bunch of sILV2 years into the existence of Illuvium, in a scenario where multiple games have done very well (and the token along with them) is that ETH revenue could be seriously impacted for some period of time.

My perspective is that there should not be more sources of sILV2, and that we should be diligent in managing the supply of sILV2 (by allowing it in as many sales as possible) while the price of ILV is still reasonably low.

[steady trellis]

I agree with that.

But then I’d be advocating to be able to pay in game with ILV. To be able to have the flow of in-game rewards to stay within the ecosystem.

It also make the life of player not used and interested by crypto, mor easy. They earn ilv rewards and just can use them to spend on the game. No need swap or anything. Earn reward, spend reward.

Making life of non-crypto addict easy will be a key of success.

[cerulean flower]

At Silv2 …where is possible to see the price?

[past glacier]

Is it normal, I was trying to put liquidity on eth/ilv and taxes, even with 10 gwei eth price, was taking like US$5 for each transactions, would be like 3/4 transactions

what means, and seems, like you would have to stake at least about 1200+ to make worth apr winnings

[devout bobcat]

Wasnt he talking about claiming silv2 from rev dis, where ilv is already unlocked?

Thats why i asked, since ilv is already unlocked so it would absolutely make no sense to claim the token with less monetary value on the open market

[cyan rampart]

I believe we were both talking about revdis claimable as sILV2, yes. sILV2 should approach the value of ILV on the open market as use cases ramp up. NFA, just my personal expectation.

[cyan rampart]

An ETH/ILV LP on L2 would accomplish pretty much the same goal, without the same risks you'd see with sILV2. I do see your point RE: in-game rewards, making it as easy as possible to turn in-game rewards back into gameplay is definitely desirable, i'm just not sure including more sources of sILV2 is the best way to approach that.

[steady trellis]

That’s why I say silv2 or not the only important thing is making the interactions as fluid as possible 🙂

You’ve pretty good points on silv2 value though. Gift card value don’t change, silv2 does.

[cyan rampart]

The secondary market price varies, last time I checked there was still an ETH/sILV2 LP on Uniswap, but DYOR because that pool isn't supported by Illuvium's tokenomics.

[cyan rampart]

This is pretty normal, I just restaked one of my LP deposits today to test something out, and it was about $5. It's also about $5-10 to provide liquidity. So $15 cost, which WILL vary with gas prices.

If you assume a 50% APR over a year (this is just a number, the actual APR could vary by more), you'd need to stake about $80 to break even with the minimum number of transactions (Provide Liquidity, Deposit, Claim Rewards, Withdraw Deposit, Withdraw Liquidity) at current gas prices.

If gas prices are higher, that number can go up by quite a lot.

[dry bay]

I have ILV/Eth to unlock. It was locked for 12 months. If I unlock, sell (for US tax purposes), buy back and stake again at 12 months, this would give me the same benefits back - ilv and rev dis?

[candid kettle]

even after the lock time is over, the stake continues to yield APY and is eligible for revdis with the initial weight

[dry bay]

But if I restake for 12 months, would that not be the same?

Or if there an algorithm for the rev dis that puts a greater weight for those staked longer?

[candid kettle]

yes, but if you intend to leave it in stake why would you put it in lock again? just not withdraw

[dry bay]

To offset taxes

[candid kettle]

so yes, no problem unstake and stake again

[dry bay]

Ok thank you

[cursive yew]

With what claimingtime intervals is apy calculated on the illuvium staking side?

[candid kettle]

12 month lock and 12 claims per year

[cursive yew]

Thank you :)

[cursive yew]

I assume they factored in the declining rewards and therefore not arrive at 106, but instead 80% rewards or what it was?

[pure eagle]

Remember that APY and APR is calculated based on a fixed amount of rewards given per day this declines every fortnight, you also have to factor in the amount of stakers there are, because it is inversley proportional to APR and APY

[cursive yew]

I see, but then i dont get how they arrive at the 80% tbh

[cursive yew]

So they did factor in the declining rewards?

[pure eagle]

This is the APR of today.......X amounts of rewards distributed today divided by the ammounts of tokens staked will give you how much rewards you get... from that you can calculate the APR and APY your deposits are giving you. There are a couple of pinned messages that can help you with your calculations.

👉#🥩〕staking message
👉#🥩〕staking message

[cursive yew]

Ty for all that info, but would be nice to know how that APY is calculated on the webside itself. Then i maybe can use that instead of calculating it myself every time

[cyan rampart]

Your rewards aren't compounding at 75% APR. Rewards would be compounding at the rate of the ILV Core Pool, which is substantially lower than the rate of the SLP pool.

The APY displayed should be factoring in the compounding of the ILV you're claiming, but there's no compounding effect within the SLP pool (because you aren't claiming SLP).

[cursive yew]

Hmm i see, shame for me but makes sense. Therefore the claimed ilv gets the roughly 10% of the ilv apr

Thank you very much and have a very nice day everyone. Appreciate the fast help

[cyan rampart]

Yeah, claimed rewards can be treated the same as a deposit in the ILV Core Pool at 2.0 weight, so 8.5% APR right now.

[cursive yew]

i could also instead claim slp2 and convert it to eth/ilv and restake right?
Downside would be that slp2 has a lot less price

[cyan rampart]

Yeah, that was a pretty common strategy last year when the APR was 500-700%, people were claiming sILV2, selling it at 30-40% of ILV price, and restaking into the SLP. I haven't done the math on it in quite a while, so definitely do some spreadsheeting for yourself. I think it's probably not worth it anymore.

[cursive yew]

Awesome thats all the info i needed. Yeah i agree, with the current apr and silv2 price might not be worth it. Maybe when silv2 pumps hard before some event

[cyan rampart]

Well, back then it was still just sILV, but the idea holds 😛

[cursive yew]

Cant wait to playtest it on monday :) did you try it already?
Waitied super patiently to invest in ilv and super happy i finally get to do it

[cyan rampart]

Nope, it's been team only, no one outside the team has tried it yet! I'm super excited for Monday 😄

[cursive yew]

Ill see you then hehe. We cant meet other players in the overworld, can we?

[cyan rampart]

I'll craft an interdimensional /wave macro and holler at you haha

[cursive yew]

is there any multiplayer aspect in illuvium in the near future?

[cyan rampart]

Not the near future, but I think multiplayer features are a possibility.

[cursive yew]

Alright. I love multiplayer. Sharing my joy is the kick for me. Then i guess ill just stream on dc with some friends

Ill hack myself into your world and hand you your a*s then

[orchid solstice]

about to stake my 32 ILV 🙂

[candid kettle]

https://tenor.com/view/illuvium-ilv-illuviumio-whale-yield-farm-gif-22293367

[orchid solstice]

the funny part is i bought 2-3 ILV at 300$ back in 2021 and sold at 800+ 1k+. now im stacking again

[candid kettle]

https://tenor.com/view/cat-jam-stonks-stonk-jam-head-shot-hans-gif-21157324

[orchid solstice]

probably nothin lol

[trail karma]

if my math checks out, if u stake SLP, using 1ILV with equivalent ETH, then u might gain about 0.6 to 0.7 ILV/sILV2 over one year, so it would make more sense to stake twice as much straight ILV instead of SLP, or get sILV2 for gameplay/illuvitars? or is there a benefit to staking SLP at this time?

[orchid solstice]

well SLP reward is 80% right now

[trail karma]

can decrease over time of staking tho

[orchid solstice]

are all of the rewards ILV or sILV2 / or is it ILV/ETH rewards

[trail karma]

when claiming rewards for staking u can pick ILV that gets locked for one year, or sILV2 that is unlocked, revdis will be claimed in ILV

[orchid solstice]

the thing that i dont get is basically once you stake you will have ILV for the rest of your life stuck in there lol unless you burn it using sILV2

because the ILV rewards that get locked for 1year will generate more rewards

[trail karma]

ILV is only locked for a time period, once that time expires, u can withdraw it, or leave it staked to continue getting yield til yield runs out along with revdis, being able to withdraw anytime after the locked time

i see what u mean, claiming and relocking, but the cycle can break by yield running out at end of epochs or claiming as sILV2 up to that point

[orchid solstice]

right

[trail karma]

talking about it now, personally think im gonna stake some more ILV today, already picked up more sILV2 yesterday 🤣

[orchid solstice]

just bought an extra 10 ILV today lol

gonna stake the 10 ILV and start saving for a t3 land 🤓

[lapis knot]

You guys stop buying up all the ILV and some for me. Lol

[boreal brook]

8 more for me

[sullen horizon]

Nice

[spare dew]

Which possibility of Staking do you recommend? I just bought 1 ILV on Crypto.com. Can Staking be done there, too?

[cyan rampart]

Staking is done through the Illuvium website, you can find it via #🔗〕helpful-links . You can't stake through Crypto.com.

[candid kettle]

https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac

[spare dew]

Thank you!

[drifting maple]

Will the ILV claimed that is locked for a 12 month period accrue additional ILV?

[median canyon]

Yep.

[drifting maple]

I also need to claim it to get it generating ILV then?

[median canyon]

Your pending rewards don’t accumulate extra, only once you claim it. So yes. But if you only have a small amount then you have to think of the gas fees. But gas is usually very low so find a schedule that works for you and claim on that.

[drifting maple]

Sweet, it's definitely worth it for me.

[crisp glen]

is there something going on with the skaing network for the past few days i keep getting a network error pop up. vesting pending rewards all seem in order however

[final steppe]

No issues with the staking portal that I'm aware of at the moment. When are you seeing the network error pop up? During any specific actions?

[crisp glen]

as soon as i get to the main staking page

says network error and shows the price of ivl is 0$ everything else seems to be working for me however rewards keep accumulating like they should and nothing seems out of place

[final steppe]

Everything does appear in order on my end with prices displayed, as expected. Seems you may be experiencing a browser/UI display issue. If you haven't already, I recommend clearing your browser cache and reconnecting to the Staking portal.

[crisp glen]

didnt work

[final steppe]

Which browser are you using? And does this issue occur if you try this on a different browser?

[crisp glen]

chrome and i haven't tried on a different browser

same with edge il try a reboot and check for updates and hope for the best.

[crisp glen]

did an update on my pc and drivers seems to have fixed the issues

[gaunt marlin]

Any reason why I should unvest v1 ILV and ILV/ETH liquidity to revest at v2 if I plan on just keeping it vested?

[gloomy gazelle]

Not really.

[gaunt marlin]

Awesome, thanks.

[gloomy gazelle]

Unless you do not have 2x weight and want it

[gaunt marlin]

Nope, still sitting on 2x. So there really isn't any benefit to it then. It would just lock it up for another year.

[gloomy gazelle]

Correct

[carmine cloak]

the revenue distribution is also available with the SLP pool, isn't it?
or is it only available with pure ILV staking?

[cunning perch]

the ILV part of SLP gets RevDis.

[carmine cloak]

ah ok, so it makes nearly no difference in which pool. many thanks!

[cunning perch]

Well, regarding RevDis, it is different. 1 SLP consists of 5 ILV + 0.2 ETH. so only 5 ILV of it gets RevDis. But all staked ILV in the ILV pool get RevDis. So, you can buy 1 SLP and get RevDis for 5 ILV, or buy 10 ILV and stake in ILV pool and get RevDis for 10 ILV. SLP is like $500 atm

[carmine cloak]

oh yea, yes thanks for clarification. 🙂

[cyan rampart]

@gilded patio Is it possible you approved ILV, but didn't complete the staking transaction?

[gilded patio]

I have a screenshot of it but discord is being stupid

[cyan rampart]

Oh it's probably not letting you send it. I'll make a thread so we can talk about this more.

DMs are scams.

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[static crown]

I was wondering, for our staked tokens, once our the vesting period is over. are they still considered staked or do we need to claim and stake again?

[final steppe]

They are still considered staked and will continue to earn rewards at the same token weight until they are withdrawn 🙂

[summer void]

Can anyone give a brief rundown on how ILV price affects APR(Y?) of staked ILV or ILV/ETH? And if there is any consensus on a ballpark average of revdis % for the two pools on launch?

[gloomy gazelle]

APR in the ILV only pool is not impacted by price changes.

Revdis is hard to judge. sILV2 is still rather significant.

[gloomy gazelle]

This may be more than you are looking for or not exactly what you are interested in. But…

APR for yield farm staking in the pools is variable, trending downwards.

Eventually the APR will go to zero. Because yield farming will be over. But that’s like 2 years from now. Before then it can technically go as close to zero as possible. But it can also technically go up. It’s variable. Here’s a little more of an explanation.

The rewards calculator determines current the usd value of your staked SLP and it determines the total usd value of all the staked SLP (taking into account any multipliers from locking such as 2x for 52 weeks). Then it determines what your percentage of the pool is. Then it distributes to you that percentage of the ILV rewards that are getting paid out during that block to the SLP pool (as part of the 2 week fortnight). (If ILV is more valuable then the rewards are more valuable) The UI then calculates the USD value of the ILV rewards and is then able to display the APR. It’s a bit complex. But there are spreadsheets pinned in here that calculate it all for you.
However, the APR today is not guaranteed to be the same as tomorrow because in reality the value of the ILV tokens and the value of the SLP tokens and the total value in the pool (and therefore your percentage of the pool) WILL change almost constantly. Therefore the APR is variable.

APY is calculated using that same APR but adding what it would earn if compounded by claiming the rewards as ILV. When claimed as ILV those rewards are essentially staked in the ILV only pool and locked for 12 months so they have they full 2x weight. The APR in the ILV only pool does not vary as highly as the SLP pool because the rewards (ILV) are the same as the thing that was deposited (ILV).

The image below shows how many ILV is being distributed over time. We are nearly halfway through this chart.

[arctic geyser]

hey guys, i got a couple questions regarding staking. for staking rewards do I need to claim and restake or does it compound automatically

[cyan rampart]

Pending rewards do NOT automatically compound, you do need to claim them for them to start compounding.

Once a staking deposit has unlocked, it does continue to generate staking rewards.

[arctic geyser]

and the staking deposit unlocking is after 12 months if I locked it for 12 right?

[gloomy gazelle]

!claim your PENDING rewards

[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]

You can see when your tokens unlock in the VESTING tab

[frigid saddle]

Hi, I noticed, that debank does not show claimed rewards in ILV pool. There is a proposal to fix that. I hope this is fine to share. debank .com/vote/18153

If not, just delete. I cannot tag anyone meaningful 😦

[ember ginkgo]

Don't react to any DM's. I'm sure a scammer just contacted you.

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[void crescent]

DOUBT: I have SLP unlocked (staked in May). Is it better to leave it in satking, or to remove it and transform everything into ILV (and stake in ILV Pool), being that ILV went down much more than ETH, I would transform ETH for much more ILV than if I let it all go back up again no?

[cunning perch]

Thats a choice only you can make. ILV can still go up/down and you will be exposed to IL. But still, Yield for SLP is much higher than ILV and there is no RevDis yet. May be soon (depending on Illuvatars) or may be later, nothing is fixed yet. But you can always make plans.

[void crescent]

thanks

[ember abyss]

Hello, is there any plan to support stake on BSC chain? I can see from binance that I can withdraw to BSC

Also, are the rewards of the stake available immediately or are they vested too?

Finally, is there the possibility to auto compound?

[cyan rampart]

Illuvium's staking is entirely on ETH, and there's no plans to move it to BSC. You can withdraw ILV from Binance to ETH though.

Staking rewards are distributed every block (so not IMMEDIATELY, but every 15s or so).

There's no auto compounding, you have to manually claim your rewards for compounding to begin.

[ember abyss]

15s = 15 seconds?

[cyan rampart]

Yeah, ETH's block time is something like 15 seconds. Apparently it's down to 12.07 now per Google.

[ember abyss]

Oh, you mean ETH blocks. I thought it was something related to ILV game 😂 yeah, thanks for the info!

Rewards
ILV yield rewards are subject to a 12 month vesting period.
While they are vesting they compound your rewards.
sILV2 rewards are unlocked and can be used in-game once the game is live.
Revenue distribution will also appear here when available.
RevDis rewards are not subject to a vesting period and can be immediately withdrawn.

How can I know which token I get? For example ILV/ETH pool
Also, where can I create the LP token? SushiSwap?

Is there a doc about staking? I'm not finding it 👀

[cyan rampart]

!lp

[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.

[cyan rampart]

You can find the SLP contract address in #🔗〕helpful-links as well.

[ember abyss]

I took a(nother) look to the whitepaper but I don't find anything regarding staking.
What token do I get from as rewards?
Also, I read that rewards in ILV are subject to a 12 month vesting period, but when does the period start?

[cyan rampart]

Oh, you get ILV or sILV2, whichever one of the two you choose. You get to decide every time you claim rewards.

The 12 month vesting period starts when you claim rewards as ILV.

So for a hypothetical 12 month lock period, if I deposited SLP today:

In 3 months, I claim ILV. 12 months after that, my claimed ILV finishes vesting. During the vesting period, my ILV is generating its' own rewards (it can be treated as though it's a 12 month locked stake in the ILV Core Pool).
6 months after the start of the deposit, I could claim sILV2, which does NOT have a vesting period.
9 months after the start of the deposit I claim ILV again. It's locked for 12 months from this point.
After 12 months, my initial deposit is unlocked, and continues generating rewards until I withdraw it or yield farming ends (July 2024).

[ember abyss]

Ok, got it.

What is sILV2?
Also, are the reward generated from ILV also locked for another 12 months?

Example:
I stake 120 ILV for 12 month with 10% APR (just an example)
After 3 months, I claim the rewards and I get 3 ILV (with 12 months of vesting) that also generates a 10% of APR; when can I get these rewards?

[cyan rampart]

The rewards generated from claimed ILV are treated the same as rewards generated by the SLP stake, they all go into the same "pool". You can claim them seperately if you want to, for bookkeeping purposes or whatever, or you can claim them at the same time.

It's recursive 12 month lock periods until the end of staking, as far as rewards are concerned (if you claim as ILV every time of course).

[ember abyss]

Ok, so ideally could I loop it forever? 😂

[cyan rampart]

Forever until July 2024 lol

You can read up on sILV2 in the #❓〕faq , but it's basically an alternative way to pay for things the DAO sells in-game.

It carries the value of ILV when used for in-game purchases.

[ember abyss]

Ok, I think to have all cleared now. I'll take a look to sILV2, thanks

[quaint cradle]

Is there any place to see the distribution/unlocking of ILV that is restricted for team, investors, et al? Thanks!

[cyan rampart]

Check the pins in #💰〕token for an overview

If you want more detail, there's Lelahel's staking calculator in the pins here.

[shrewd rover]

If I mistakenly staked for the wrong period, can the stake be canceled in any way?

[cyan rampart]

No, there's no centralized control over stakes. Once it's locked, it's locked for the duration.

[gaunt marlin]

Is there a general guideline when it would be best to convert liquidity into ILV to restake? The APY has dropped significantly making it much less enticing to keep farming tokens.

[cyan rampart]

At the exact moment that ILV yield + revdis on 100% of value outweighs SLP yield + revdis on 50% of value would be the ideal moment to switch pools. This also disregards IL and a few other factors, but that's generally what you're looking for.

[gaunt marlin]

That's what I was looking for, thanks. Considering yield on SLP is still much larger than token and revdis isn't a factor as of yet, it would make sense for me to continue in liquidity until then.

[covert orchid]

Hey can you stake with ledger??

[cunning perch]

The answer is yes, but not through Ledger Live. You can add ILV to a MetaMask that is connected to Ledger. So you need an MM-Ledger wallet.

[covert orchid]

Ohhh so I can start a new mm account and when I set it up hold the private keys in the ledger? OK cool will look into this. Are you going to look into supporting ledger live? Or too hard

[cunning perch]

So just to clarify for you, it’s like this:

You set up a Ledger device with Ledger live. Your Ledger will have its own seed which you will make sure never sees the light and keep in a safe place. Bury it if you have to but mark it with X so you find it later if you needed it 🙂

Then you can create an MM or use an already created MM, won’t matter. I personally create a new one.

Then in the MM options, select “connect hardware wallet” and then connect your ledger with a new address.

That will be your MM-Ledger. So you have to connect your device every time you wanna perform a TX.

Just be mindful of token approvals when you are in the crypto space, whether using hot/cold wallets.

And to answer your Ledger Live Support, that depends on Ledger company. It’s out of ILV’s hands 🙂

[covert orchid]

LOL will make sure to mark it with an x, thanks 😉

awesome, appreciate the explanation

[cunning perch]

[covert orchid]

all done, thats cool didnt know u could put a ledger to a mm account

whats the blind signing? i couldnt understand what that was

[cunning perch]

Awesome. It’s pretty straightforward. Also regularly check Etherscan and head to“token approvals” to see what TX is open and has permission so you stay safe no matter what. You can revoke permissions so even if a platform gets hacked, you’ll be safe

[cunning perch]

It had another name before. It is to allow the flow of data (to receive and execute)

[covert orchid]

you can check your token approvals on etherscan, or the mm wallet? i wouldn't mind doing a bit of a clean up actually

[cunning perch]

Just flip it on when you are performing a TX

[cunning perch]

Try Etherscan ==> menu ==> token approval ==> search wallet and see what permissions you have given and their amount. It can also tell you if you have funds at risks. It also applies to NFTs

You can then Connect your wallet and revoke the permissions.

And as always, watch out for scams. Any DM from anyone is scam.

[radiant geyser]

i didnt know that, ive just been staking directly through mm on the site

[signal basin]

For the first time, my claiming ILV rewards failed. It says error encountered during contact execution (execution reverted). Any idea why?

[gloomy gazelle]

Unfortunately this happens sometimes. Why is unclear. Gas fluctuations or weird numbers. Usually it works the next time someone tries.

[cunning perch]

MM-Ledger is still MM but integrated with Ledger to provide more security.

[signal basin]

Thx. I’ll try again tomorrow.

[sly pelican]

Hey guys just chasing some opinions, if my SLP pool 1 year has expired would it be silly to remove it now with prices so far down. Or am i better off restaking it for another year then removing it when there wont be so much impermanent loss? Thanks!

[radiant geyser]

i believe the impermanent loss is when you convert your slp tokens back into eth & ilv. untill this happens i don't believe the impermanent loss will occur yet

so if you want to restake or are not sure, i wouldnt convert the slp token back into its original components, cus then you will face the impermanent loss at that time

i cant speak from experience because impermanent loss is the one thing i havent faced yet

[radiant geyser]

personally i will keep re-staking

[radiant geyser]

scoriox has made videos about this before, so you may want to check him out, to help you figure out what to do

because of the need to rebalance the pool and ilv being disproportionally lower than eth, you might end up with more ilv then what you had originally contributed for the slp token

[radiant geyser]

i have done my claims in the morning when gas is low, like 5 or 10, 10 was the lowest i could get when i last claimed about 2.5 weeks ago

[cunning perch]

You don't need to restake. Leaving it staked already produces rewards. SLP still has higher Yield and will always be exposed to IL. There is no revenue yet as well, you can take that into account. All in all, you are the only person who can decide what is best

[vocal socket]

Hi Guys, just a quick question, sorry if it has been asked before I could not find it above, when we claim rewards and they go into vesting period (locked for 12 months), do they automatically get staked for the duration? and why 12 months lock period, even if it is to avoid a price dump isnt it a tad too long? thank you.

[candid kettle]

as soon as you claim the rewards are placed in the stake for 12 months, yielding during this period and having a weight of 2 for revdis as well

12 months was the period agreed upon at the beginning of the project

[vocal socket]

sounds good. thank you for a quick response 🙂

[tulip folio]

ETH gas: 11.4 gwei
me: hey my last ILV unlock before Mar 25! I'm going to withdraw and stake more SLP
ETH gas: 27 gwei
me: ???

[gloomy gazelle]

https://tenor.com/view/byuntear-crying-cry-mad-angry-gif-25839527

[crystal plover]

You probably know this - but withdrawing your stake makes you lose you weight, and you need to relock for new weight

[orchid wedge]

What do you guys find the best time to claim and restate currently for slp pool? Any reason to switch to the ilv pool anytime soon?

[cyan rampart]

There's a calculator in the pins you can use to play with some different claim frequencies, I haven't looked in a while at what's optimal TBH.

[orchid wedge]

Thank you I’ll take a look there then

[tulip folio]

I'm withdrawing ILV, adding ETH to it to provide liquidity, then restaking the SLP for 1 year

[orchid wedge]

I found the link but think I’m going to need to do it from the computer lol

[cyan rampart]

Oh 100% lmao

Not a great mobile activity

[orchid wedge]

Do any of you guys find a reason to stake in the ilv pool over the slp pool right now?

[candid kettle]

receives more RevDis than in the SPL pool, plus there is no impermanent loss

[crystal plover]

I’m I the only one reading this channel as stalking, when I get a little tipsy?

[hushed valley]

I had staked SLP this time last year, I decided that the ratios were in my favor in the long run for Ilv right now and so I withdrew the SLP and converted it all into ILv and restaked it for another year

[orchid wedge]

It’s all projecting but I think locking in slp for another 12 months is probably okay

[hushed valley]

Oh ya 100% agree. I just felt like I had crazy impermanent gain on the ILV side and didn’t want to see it go away

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[brisk surge]

what trhe tokin?

[brisk surge]

who is ukranian is in beta?))

[tulip folio]

I'm fairly sure that if you have SLP locked for 12 months from now you will gain enough ILV in yield before revdis even starts that you'll have more ILV than if you converted it all to ILV right now... plus you'd still have the ETH in SLP too.

[gloomy gazelle]

!ilv

[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 sILV2). 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.

[gloomy gazelle]

#🔗〕helpful-links

[gloomy gazelle]

Have you checked out #1023944295583076352 ?

[green pulsar]

@everyone Some clarity trying to stake my ILV, There is more than one pool? SLP? more clarity would be great Thanks

There is ILV/ETH Pool and ILV pool What is difference @gloomy gazelle

[cyan rampart]

Happy to help, but there's no need to try and tag everyone in a server with 200k people for a question about staking.

The ILV/ETH pool requires you to provide liquidity on Sushiswap, for which you receive SLP tokens. SLP tokens are what you stake.

!lp

[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.

[cyan rampart]

The ILV Core Pool is just ILV.

The main differences:
SLP Pool has a higher APR (by a fair bit - you can check the current rates on the staking website via #🔗〕helpful-links ). It also has a risk of Impermanent Loss, which you should research if you intend to stake this pool. SLP deposits are eligible for revenue distribution, but only on the ILV component of the deposit (i.e. 50% of the deposit by value).

The ILV Core Pool has a lower APR, but it doesn't carry a risk of Impermanent Loss. It's eligible for revenue distribution as well, but it's on 100% of the value, as the entirety of a deposit is ILV tokens.

[green pulsar]

Thank you appreciate the response, has any looses occurred in the past for SLP pool?

[cyan rampart]

A better word for Impermanent Loss is Divergence Loss. It occurs when you remove your liquidity, if the prices of the 2 tokens have changed relative to each other in the time period you were providing liquidity in.

People have absolutely suffered some level of impermanent loss, unless ETH and ILV change price at the same rate and in the same direction, there WILL be some amount of impermanent loss.

[green pulsar]

Trying to get some clarity, If I remove my liquidity, meaning if I withdraw prior to staking period being over?

[gloomy gazelle]

This is an article that is a good read for those new to providing liquidity

#🥩〕staking message

[cyan rampart]

So when you provide liquidity, you're providing 2 tokens, ILV and ETH. Those tokens live in the Sushi Liquidity Pool, and are utilized by people trading ILV for ETH, or by people trading ETH for ILV. As trades occur one way or the other, the price of each token changes within the pool.

In return for providing liquidity, Sushi gives you SLP tokens, which I think of as a receipt for the liquidity you provided. You can take your "receipt" (SLP tokens) back to Sushiswap, and trade it in to get your liquidity back (i.e. you get back some ILV and ETH).

If the relative prices of ILV and ETH have changed since you got your receipt, you won't get back exactly the same amount of each token that you originally provided.

The difference in value between what you originally provided and what you get back is your impermanent loss.

When you stake your SLP tokens, your deposit is locked, so it's not possible to withdraw your SLP tokens prior to the end of the lock period, in any circumstance. When your lock period ends, you could withdraw your SLP tokens, and take them back to Sushiswap to remove your liquidity.

Your impermanent loss would technically occur at the point you removed liquidity.

There are some good explainer videos on YouTube RE: Impermanent Loss as well.

[green pulsar]

Thank you, appreciate your help, Current market conditions favor the safest route, but wouldnt mind a higher return.

[green pulsar]

🙏🏽

[dusty light]

Hi guys . I got a question . APR is for every month or just the period we stake ? 12 month is 8.5% . this 8.5 % is for every month or for 12 month ?

[cyan rampart]

APR is for the year.

APR = Annual Percentage Rate, Annual refers to yearly occurences.

[orchid wedge]

I’d argue the safer route, slp, is also the higher return route right now

[serene lava]

It gets distributed per day.

[gloomy gazelle]

This is not accurate. The staking rewards are accrued in the PENDING rewards a little bit more every BLOCK. So much closer to a minute. The staking website does report how much is accruing each day though.

[serene lava]

Oh, damn. Never knew that this happens per block. Live and learn I guess. Thanks @gloomy gazelle

[gloomy gazelle]

What’s really crazy is that the staking contracts actually use unix timestamps so it actually is based on every second in real time.

[radiant gorge]

you advise me to stack, or to buy a land pls ?

[onyx flower]

T2 land

[radiant gorge]

hmm

I'll do some research, thanks :p

[green pulsar]

Thank you

Any news on Mega city Structures? anyone knows

[hollow trail]

maybe

[gloomy gazelle]

Probably check pins in the three #1023666768394322070 channels

[cunning perch]

Staking in Illuvium means locking your tokens to receive more tokens as rewards and on top of that a share of the Revenue Illuvium makes. You can read all about it in detail in the Whitepaper and watch lots of vids about it on YouTube 🙂

For Illuvium, I don't believe you can. You have to have the token in your wallet (e.g. MetaMask) and then stake on Illuvium Website #🔗〕helpful-links

Staking on Illuvium Website? It's as safe as it can be. Since it requires you to lock your tokens, you won't be able to sell them until they are unlocked. So if you lock for one month, you will get rewards based on that duration and within it, the tokens will be locked. Your rewards also will be locked for one year AFTER you claim them in form of ILV. sILV2 however, will be unlocked to be used in the game.

When you are in Crypto, or investing in general, always take risk management into account.

[cunning perch]

How so? Any investment needs risk management. So you have to be careful.

[gilded wigeon]

where can i see the SLP token address? want to add to metamask

anyone experiencing the metamask extension not connecting on anything after the recent update?

[cunning perch]

Recent update? Which one? You can find all addresses in #🔗〕helpful-links

[gilded wigeon]

i updated my metamask extension and it cant connect on any dapps..even arbitrum..so i guess its the app..saw the review on the chrome extensions and someone is having the same problem

[cunning perch]

Hmm, I believe you can contact the MetaMask support through the app. You should be able to see what the issue is. Watch out for scams

[gilded wigeon]

alright I'll check thanks

[gilded wigeon]

I guess they're having problems with the most recent update on chrome extensions..saw few recent reviews having the same problem..talked to the support on the metamas and said im not the only one

[cunning perch]

Then it should be good. You just have to wait till they fix it then. Meanwhile, you can have MM extension on FireFox or Brave if it’s just a Chrome issue

[gilded wigeon]

tried it in chrome and brave same thing happened..i usually use brave then the problem happened..saw tried it in chrome it works well..THEN i updated it to try if its the update then thats it its broke ..i was kinda worried if i got hacked or something but i haven't done any stupid thngs on my defi journey recently to get hacked as far as i know 😂

[cunning perch]

Interesting. Well, I just checked my MM on both Chrome and FireFox and they work just fine. I don't use the Infura RPC though, maybe there can be an issue there for not showing the balances.

[gilded wigeon]

what version is ur MM?

[cunning perch]

hmm, idk, I added it like years ago 😄

[gilded wigeon]

i think mine is 10.23.0 if im not mistaken.. already shut down my pc so cant check for sure

u can check on the settings i think on the "about"

i used to update my chrome extensions regularly coz i was hoping more updates more security upgrades or so i thought😂

[cunning perch]

Yeah, but I',m not behind system atm 😄 My CHrome is updated. DId it last night, but checked my MM and it was ok some mins ago

[gilded wigeon]

yah mine too until i updated it i think last night on brave .then on chrome earlier i updated to check if its the problem..can you do me a favor and check ur mm version?

[cunning perch]

Sure. gimme a a min

[cunning perch]

It's 10.22.2

[gilded wigeon]

yup thats my version before i updated..

i guess dont update it?? 😂

[cunning perch]

I never updated MM myself though. Unless I wanted to create a new MM that I had to download a new version.

[cunning perch]

Apparently so 😄

[gilded wigeon]

I regularly update it coz i have a wallet guard installed that keep bugging me if my extensions are out of date

[cunning perch]

Although I'm sure it will be fine. It's just an update bug probably that MM will fix if the issue is with multiple browsers

[brave needle]

Hello guys! I have a small doubt. My 12 months staking period already passed. I need to withdraw my slp and stake it again?

[gloomy gazelle]

You do not need to. As long as you do not withdraw it, it keeps earning.

[brave needle]

At the 72% rate?

[gloomy gazelle]

Your 12month SLP deposit has always been earning at the displayed APR. It’s always variable. So yes. Right now it’s earning at the displayed rate.

[frail loom]

Hi everyone, I'm a bit new to this. Can someone explain (for dummies) what do I need to do to stake ilv? If I'm not mistaken I just have to go to staking.illuvium, connect wallet, buy ilv and stake. Then it's locked for the period I choose right?. What I don't understand is why people say ilv keeps earning even after that period of time

[gloomy gazelle]

It does keep earning after the lockup period. Because it stays deposited until you take action to withdraw it.

[gloomy gazelle]

Here’s a good first timer video. #🥩〕staking message it’s old but good.

This is an in-depth look at why someone might want to stake… #🥩〕staking message

[strange pond]

Hey, question for the experts. Is the amount of staking rewards I earn each block recorded on-chain, or is this just calculated in a centralized server and displayed on my dashboard based on my pool weight and total staking TVL? If not, is it correct to assume that the first on-chain record of reward attribution to my wallet is when I claim?

[gloomy gazelle]

There is record on chain. It’s complicated though. Not easy to read on etherscan. But dapps like Zerion and zapper can read it properly (most of the time).

But it’s all locked until it’s vesting period ends. And the ILV rewards are not minted until a withdrawal transaction sometime after vesting ends.

[frail loom]

i see, thanks

[strange pond]

So every block there is an event generated which includes info about how much ILV was accrued by each staker?

and I can see this on etherscan, although it's hard read?

[cyan rampart]

Rewards also have indeterminate value until you claim them, because they could be claimed as ILV or sILV2. I couldn't look at your unclaimed rewards and say "Well that's definitely ILV!", because you could choose to claim them as sILV2.

[gloomy gazelle]

No. The contracts are time based. They read when the deposits were made and then read how much ILV is in the pool to determine how much you would have earned during the time. It does more than that too. But the data is I. The transaction logs of a claim on etherscan

[cyan rampart]

In theory, you could never claim your rewards, there's no obligation to claim them.

[strange pond]

but if the first on-chain record of my reward ownership is the claiming transaction, doesn't that mean that the number of accrued rewards I see on the dashboard prior to claiming is being computed/stored off-chain?

re-calculating and updating a record of each staker's accrued rewards on-chain each block would be crazy expensive, which is why I'm assuming it's done by a centralized service that is getting it's variables from the staking contract but the actual computation is off-chain. Is this assumption correct?

[plain hatch]

I got 15 ILV still worth to do SLP pool? havnt staked in forever

[gloomy gazelle]

I have reached the limit of my blockchain understanding. Perhaps @worn turtle can let you know more. Maybe there is an offline merkle tree. Maybe the contracts can be read and parsed for free without calling the claim function. I fairly certain the data is all on chain to be read. But I can’t say definitively.

[strange pond]

Yeah merkle tree seems like a fair assumption, and you can publish those so that people can do their own proofs even though it's not technically on-chain. @worn turtle if you have any more insight here would love to better understand how my rewards are being attributed/tracked in an immutable way prior to cliaming

[dreamy elbow]

hey there, i have a question. If i make a ilv/eth stake today. i add 10eth/296.94ilv as Liquidity SLP, and stake the SLP. What dose that APR 72.89% for ?

[onyx flower]

You get paid that much in ilv

[dreamy elbow]

i mean, the APR base on ilv which is 296.94 * 2 = 593.88, right?

[cyan rampart]

The APR for the SLP is weird, it's for the value of your position.

[dreamy elbow]

so let's make it easy. If i stake 10eth/296.94ilv today, how much ilv i will get one year later? (just assumes the APR keeps 72.89%)

[cyan rampart]

So if your SLP position is worth approx. $24k, and the APR were fixed at 73% (it's not, but for example sake), you'd generate $24k *.7289 = $17493 worth of rewards in a year. You could claim those rewards as ILV, which would be 439 ILV at current prices.

This also ignores any kind of compounding of claimed rewards.

[dreamy elbow]

ok, that means the staking returns calculate in us dollars right？

[cyan rampart]

Not quite, the APR is derived, it's indicative of how many ILV you're getting based on the portion of the SLP pool you own.

[dreamy elbow]

how a about ILV Pool? if i stake 100 ilv one year with APR 5%, i will have 5 ilv as rewards right?

[cyan rampart]

So in a simplified example, the SLP pool is 4 tokens. You have 2 tokens at 2.0 weight, I have 1 token at 1.0 weight, and another person has 1 token at 1.0 weight.

For a 2 week epoch, there might be 28 rewards tokens allocated to be distributed at rewards to the SLP pool.

You'd have the equivalent of 4 tokens in the pool after weight is factored in, I'd have 1 token worth, and the other person would have 1 token worth. So you'd get 2/3 of the rewards (4/6), I'd get 1/6 of the rewards, and the other person would get 1/6 of the rewards. (18.666 for you, 4.666 each for me and the other person). If we know that an SLP token is $500, and an ILV token is $40, we can extrapolate to find the APR.

The APR is derived from the distribution of rewards within the pool.

A consequence of this: When ILV increases in price (but ETH does not), SLP doesn't increase in price as quickly (because it's half ETH). This can mean the APR increases when ILV's price increases, because the amount of value you're receiving has increased (while the numeric number of rewards you're generating hasn't changed).

[dreamy elbow]

so confused if i would like to swap some eth to ilv for staking. Which pool should I choose?

[cyan rampart]

Between the SLP and the ILV Core Pool? Or are you just wondering where to buy ILV with ETH?

[dreamy elbow]

which one is better if i have 20 eth, swap all to ilv and go to ILV pool, or swap 10 eth and go to ILV/ETH pool

[cyan rampart]

I wouldn't take this as advice, but I still prefer the SLP. You should definitely decide for yourself though, because each pool is different. The SLP has a risk of Impermanent Loss, while the ILV Core Pool does not.

[dreamy elbow]

i am trying to figure out which way will get more ilv rewards

[cyan rampart]

The SLP will clearly provide more yield rewards, since the APR is over 10x higher. There ARE other things to think about though. I don't mean to bombard you with information, but the SLP only gets revenue distribution on the ILV portion of a stake (which is 50% of the value). The ILV Core Pool gets revenue distribution on 100% of the value, as it's all ILV.

[dreamy elbow]

thanks for reply, that helps a lot

[harsh barn]

where can i find the ilv/eth pool to get the slp?

[ember ginkgo]

#🔗〕helpful-links

[harsh barn]

which one though, I cant find it

SushiSwap (Official Liquidity Pool): this one?

[ember ginkgo]

Yes SLP = SushiSwap Liquidity Pool

[delicate plaza]

Also don't respond to any DMs , it's common for people in here asking about staking to get messaged by scammers

[restive igloo]

when the tokens of seed and pre-seed unlocks?

[candid plume]

In order to get SLP token to stake i need to pool on sushiswap right?

[cyan rampart]

Yeah, you'd provide liquidity on Sushiswap to get SLP tokens.

!lp

[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.

[young wyvern]

My recent staking vesting period ended. Do I need to withdraw and then restake to continue to gain rewards? Or can I just leave it there and it continues?

[cyan rampart]

You can leave it, it will continue to generate rewards.

[young wyvern]

Great! Thanks!

The beta looks amazing. I want to support project long term so I'd prefer to leave it

[crisp furnace]

I’m trying to swap my slp to eth but the price impact is too high. Am I missing a step?

[brisk surge]

What are the rates for staking?

[glossy niche]

Does it worth to stake 0.1 eth and 3 ilv for one month with the gas fee?

[brisk surge]

Wtf happening guys :)) pumpinggg

[glossy niche]

Do I have to send ilv on metamask on eth address?

[cyan rampart]

ILV is an ERC-20 token, so you should be using the ETH network to send it. Are you transferring it off a CEX?

[glossy niche]

Binance

[cyan rampart]

Yeah, if you're intending to stake, send it on the ETH network to a Metamask, that'll be easiest.

Be careful of scammers.

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[glossy niche]

Ok thx

Does it worth to stake 0.1 eth and 3 ilv for one month with the gas fee?

[crisp furnace]

Can someone post the steps to swap SLP to ETH

[cyan rampart]

This is in the pinned message for future reference: #🥩〕staking message

[cyan rampart]

Maybe just barely? You'd have to check the math for yourself.

Approx 6% per month at 72% APR.

Oh but the APR would be lower at 1 month, so probably not.

[gloomy gazelle]

This is how to do what you want #🥩〕staking message

[glossy niche]

On their site it say 39% apr for 1 month

[gloomy gazelle]

39% annual percentage return.

Not monthly

[glossy niche]

Ok thx :)))

[cyan rampart]

That sounds right, that would be a 3.25% return in a month (or so).

[gloomy gazelle]

The 1 month refers to the length of time that the deposit is locked and cannot be withdrawn.

The info below could be useful

[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.

[agile path]

Sorry as im sure this would have been answered before but are there any future plans to make claiming staking rewards available on any other chain other than ETH?...I know the in game stuff, fuel/land can be transacted on IMX just wondering if there are any plans for making transacting with the ILV token cheaper?... Getting real tired with Ethereum fee's and I suspect it will only get worse as the market picks back up.

[gloomy gazelle]

The yield farming contracts are gonna remain on ethereum mainnet. However, it is possible that v3 staking will launch sometime after yield farming ends and may be on IMX. But that would not be until sometime after the start of July 2024.

[agile path]

Thanks for the reply, I made the assumption once v2 staking ended mid 2024 whatever allocation of ILV the team assigned for staking would be done and the only way to earn ILV would be through rev dis? V3 staking after July is confirmed?

[gloomy gazelle]

No v3 is not confirmed. Not at all confirmed.

[gloomy gazelle]

You are correct about the ILV from yield farming no longer being distributed. And that the only return for stakers would be revdis.

[agile path]

Last question, not sure if you'd know?.....I'm trying to wrap my head around why the team wouldn't open ILV staking to another chain like Polygon in the shorter term...similar to what Sandbox did when it originally gave the option of staking via Eth and/or Polygon . Love the project but being forced to transact on Eth while fee's are higher than any other chain is frustrating...but maybe I'm over simplifying something that would be complicated to implement?

[cyan rampart]

The last upgrade to staking took months to implement, just because security and audits are such a high priority. There's been so many compromised bridges over time, I think it would probably take even longer to implement. In relatively recent times, Polygon patched a bug that was putting something like $800M at risk. I think that's at least part of why staking is on ETH and not cross-chain.

[agile path]

Ok makes sense, thanks for the replies guys!

[vapid gale]

Can we connect 2 different wallet to our account to stake? I already have staked token but now id like to stake more while doing it through my hardwallet account

[worn turtle]

Yeah just switch wallets

Staking is connected to your wallet

[vapid gale]

i can stake with 2 different wallet on the same account and its ok?

[worn turtle]

Accounts aren’t connected to wallets for staking no

[vapid gale]

So if i want to stake again i need to do it with the same account i already did my previous stakes with. Is there any way i could like transfer the wallet adress associated with my account, i would really like to have my ilv on my hardwallet. I didnt have one before so my current connected wallet is just a hotwallet

Well i connected my ledger to my MM but it created a new account in my MM for that ledger.

[brisk surge]

The only ‘account’ you have while staking is your wallet. So you could either move all the ILV into one wallet and use that to stake or you can stake from two different wallets.
You are not able to stake from multiple wallets on one wallet.

[vapid gale]

Ok now i understand, thanks @brisk surge

[gusty acorn]

Hi. I made an ILV/ETH pair to stake in uniswap but the SLP is not showing up on the staking app.

Nvm. Its sushi swap. Duh

[gloomy gazelle]

You would want to use metamask wallet integration. You can lookup how that works via metamask’s zendesk. You would the connect to the staking dapp using metamask and selecting your ledger wallet.

[gloomy gazelle]

Metamask usually provides excellent step by step guides on their zendesk support website. If you google search the phrase metamask wallet integration you will find the official metamask support page in the tip 5 hits.

[worn turtle]

Make sure you only order directly from ledger not from Amazon or anywhere else

I would only buy from ledger

[cyan rampart]

A big company like Best Buy might not have a robust return policy for stuff like Ledgers, and it's not worth it to take the risk IMO.

[gloomy gazelle]

I mean there are ways to get the ledger to give you a new seed phrase and not the same that it came with though right? But the reality is the more hands that have it the more chance of its being compromised. Terrible. But suspicion can be a very helpful for crypto security.

[hybrid geode]

How many ILVs are now unlocked per day?

[delicate plaza]

Going off the pinned comment in the token chat (which is a year old) - around 11k per day

[brisk surge]

How many ILV token rewards do you wait for before claiming? Gas is generally around $3 now. So I mean, it seems like claiming a low amount is probably still worth it? What are you all doing?

[buoyant lotus]

Can somebody explain in which sushi pool to get SLP tokens?

[candid kettle]

!lp

[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.

[brave oriole]

can some explain me how this works were to stake

@cyan rampart

[cyan rampart]

Happy to help, can you be more specific about what you're wondering about though?

Were you just curious about how to stake, or was the question about how staking works generally?

[brave oriole]

I have 2 ILV and i wanna stake it to get slv2 for the game... and were do i do it . And i wanna know wht are those two option

[cyan rampart]

Roger that. You can make a staking deposit into either the ILV Core Pool, or the SLP (ILV/ETH) pool. The main difference from a practical standpoint is that the ILV Core Pool takes deposits in ILV, while the SLP pool takes deposits on SLP tokens. SLP tokens are created by providing liquidity on Sushiswap. #🥩〕staking message

Some other differences:
ILV Core Pool - Lower APR, No risk of IL, less transactions to stake
SLP Pool - Higher APR, Risk of IL (Impermanent Loss), a few extra transactions

With 2 ILV, I think it's realistically not extremely worthwhile to spend ETH on gas fees for staking. If you were to provide liquidity, you'd need to: Pair your ILV with an equivalent amount of ETH, (potentially 1 txn), provide liquidity on Sushi (1 more txn), and stake your tokens (1 more txn). Then, at some point you'd have to claim rewards (1 txn), remove your deposit (1 txn), and remove your liquidity (1 txn). So you're looking at 6 transactions, which could cost you as much as like, $40-60, or more at higher gas prices.

For the ILV Core Pool, you'd be looking at 3 transactions (stake, claim, withdraw) minimum, but the APR is lower in that pool (5%), so you'd be getting a return in a year of $4. So IMO you'd be unlikely to break even if you're after sILV2.

There are still reasons staking could be valuable for you, including revenue distribution and voting power, but if your explicit goal is to obtain some sILV2 to play the game, I think your most effective option would be to find the sILV2/ETH pool on Uniswap, and buy sILV2 directly that way.

[brave oriole]

ohhk thanks a lot @cyan rampart I understood a much ... literally i was struggling to understand and you made it easy thanks a lot mate appreciate it

[cyan rampart]

Feel free to ask if you do have other questions about it, there's kind of a lot going on with staking

[brave oriole]

yea sure

@cyan rampart one more thing think if i SLP tokens and i staked it in ILV/ETH pool in the form of ROI wht do i get .Will tht be ILV or sILV2

[cyan rampart]

So staking deposits generate rewards according to the APR listed. The APR does trend downward over time, because staking yield emissions slow down (i.e. less tokens are distributed to stakers over time). The rewards you generate can be claimed as either ILV or sILV2, and you get to chose which reward you take every time you claim.

The ROI on an SLP stake, if we assume that APR will stay at 72% for the whole year (which it won't), would be the value of your SLP multiplied by 0.72.

It's worth noting that the APR listed isn't locked, it's variable, so as it trends downwards, the rewards you get will trend downwards.

[brave oriole]

ohk u mention earlier that we can buy sILV2 on uniswap how do I do it .. I mean i could'nt find it

@cyan rampart

ohh it was Sushiswap sorry my bad

I need just type in sIlv2

Coz i dint get it there is pool over there but there isn't any sILVw token @cyan rampart

[cyan rampart]

Add sILV2 to Uniswap, the contract address is in #🔗〕helpful-links , you should be able to find it then.

[brave oriole]

Ok got it

[strange pond]

@worn turtle any way you can help out here? Is there a merkle tree tracking pre-claim reward accrual?

[worn turtle]

I'm following up with blockchain team

[spiral nest]

My V1 staked ILV has now been unlocked, do I need to do anything, or is it still considered staked until I withdraw?

[cunning perch]

Yes it is staked until withdrawn.

[thin mural]

Hello, how much ilv in 1 slp now plz ?

[gloomy gazelle]

I usually check Zerion for info like this.

[graceful sky]

Would you ever just stake ilv or is it the ilv/eth ?

[faint star]

1

[gloomy gazelle]

There are reasons to stake in either pool.

[versed coral]

Depends on when you believe that revDis will outperform the staking rewards from SLP pool

[strange pond]

Thanks!

[plain orchid]

ROI looking pretty good

[storm wolf]

how many lands in the overworld?

[gloomy gazelle]

There are no lands in the overworld.

Lands are in #1023321302163009556
#1023321268612759655 is different

None of that is #🥩〕staking

[valid cedar]

Me want stake

[cunning perch]

You mean the rewards? Bigger risk, bigger rewards. The liquidity pool is exposed to Impermanent Loss, so, you get compensated for your loss.

[atomic quartz]

Staking is delicious, rev dis will be even better 😍

[regal marten]

i truly hope so, that's the plan! looking good so far 🙂

[gloomy gazelle]

xastor’s dune page with illuvium staking data https://dune.com/xastor/Illuvium-Dash

[young peak]

Hi ya, a week or so ago my metamask account was compromised and ransacked, including my staking for Illuvium. my expectations for retrieving my losses are low, but i was wondering if there was anyway to prevent them from claiming the Vested Rewards?

[cyan rampart]

I'll make a thread so we can chat. DMs are scams.

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[proud ivy]

Impermanent Loss on ETH/ILV makes me lol. No such thing with those 2 assets (personal opinion, being facetious)

[regal marten]

Nicely put, that was exactly my reasoning for getting in there 🙂

[proud ivy]

Same here bro. To me, it was a no-brainer for ETH/ILV on the token mining schedule. The APY was too damn juicy. Still is tbh!

[lone egret]

?

Keep getting network error on the staking site

[last hawk]

Depends on If you want to get it on silv2 or ilv. I wait Till illuvitars and get my silv2 to buy some.

[brisk surge]

I love you

[last hawk]

I have now 1,5 so when illuvitars comes, i get some nice and cheap

[gloomy gazelle]

Is your wallet using the right network? Try clearing your browser cache.

[jade igloo]

I love you

[ember ginkgo]

Please stop spamming random messages in random channels

[marsh onyx]

Are you earning yield on your rewards, when locked for 365 days

[cunning perch]

Yes. Claimed ILV rewards compound and receive yield and RevDis, when there’s any

[tepid schooner]

How much RevDis was supplied from the land sale? Was there a total value and a value per ILV staked?

[ember ginkgo]

It was about 4000 ETH

[regal marten]

napkin math brings me to 1.5% per ilv staked

[ionic heron]

Hi if i didnt withdraw my earn ilv, i am still earning the prevailing interest that i had stake for 12 months ?

[cunning perch]

As long as your ILV (deposit/rewards) are staked, they will get rewards wether locked/unlocked.

[tepid schooner]

1.5% of the token value?

[regal marten]

amount of ilv received divided by (approximate) amount of staked ilv at the time

[proud ivy]

So the financial advice here is to keep it staked forever and just earn Rev Dis?

SOLD!

(Jokes, but seriously, I will)

[proud bronze]

Interesting

[lusty wharf]

Can someone clarify this point please: if I put $500 worth of ILV and $500 worth of ETH into the Sushi pool and stake my tokens, will I receive the APR on $500 (just the ILV portion of the pool) or on $1000 (total value of ILV and ETH)?

[past glacier]

on the pool, total value

[onyx flower]

Amd what you receive earns single stake apr at 2x also

[open valley]

Quick one about pool staking I staked for 30 days will the contract just return the tokens to my wallet once the time has elapsed or I will have to manually unstake thanks because I can't find a button for such function on the dashboard

[mild tiger]

manually unstake I think (unsure about 30 days) and once u claim your rewards they are locked for one year...locked but staked, unless you choose to claim sILV rather than ILV....then your rewards are not locked for another year...

[open valley]

There's no button to unstake unless it pops up at exactly 30 days it's at like 29 days 14 hours

[lyric needle]

Since you 🥩 you can vote. Since you can vote you might care about council pay. Visit:#1055598550131679232 Give it: a 👍 (if you like it)👎(if you don't) or 🥱(if your sick of council pay discussions) Thanks 🙂

[gloomy gazelle]

!scam warning

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[gloomy gazelle]

You’ll find the WITHDRAW buttons in the VESTING tab. It will be grated out as long as the tokens are locked.

[open valley]

Ty

[gloomy gazelle]

Be sure not to trust anyone that sends you a direct message. I banned one scammer in the last hour that was impersonating someone in the channel

[tepid schooner]

Dang so if you had 100 ilv staked, you would get 1.5 in return? Though it would have been a bit higher considering the 4000 eth raise

[tulip folio]

the APR is based on the full value of the SLP you staked, but the APR is also based upon your return being priced in ILV tokens of current value
so example, you invest $1000 and expect 80% APR, that means at the end of the next year you should have your original SLP and $800 worth of ILV (current value, 20 ILV).

But what happens if ILV is actually $400 at the end of the year? Well now your SLP shot up in value and your 20 ILV are worth $8000. You made an APR over 800%.

So frankly don't rely on the APR as any real measurement. Best bet is to use it to compute how many ILV tokens you expect to generate, then figure what price you want it to be in how many years when you sell, and figure your own APR based off that.

[regal marten]

checks out roughly. all that eth is divided among around 2 million staked ilv tokens so yeah 🤷

[strange pond]

Hey @worn turtle did you ever hear back from them?

[worn turtle]

Not yet but they are on holiday

[lusty wharf]

Awesome, thanks for your detailed reply!

[sinful spindle]

gm

[native delta]

Does staking ilv give you revenue distribution to in game income only or to everything (ie marketplace fees, merchandise etc)?

[gloomy gazelle]

Everything.

[dusk gate]

Is there a compelling argument for staking with a single wallet vs multiple wallets? I guess there are some efficiencies with gas fees but anything important other than that?

I just don't want to miss anything obvious and feel stupid afterwards lol

[gloomy gazelle]

I can only think of the gas fees.

[dusk gate]

Cool, thanks!

I was just thinking though, with the quadratic voting system, wouldn't big holders be able to make their ilv holding count more if they split them up into multiple wallets?

Assuming they hold enough to actually make a difference and they care enough to do so of course..

I have not actually voted on anything yet and this is entirely based on my understanding based on some brief reading, so it may very well be totally inaccurate 😅

[gloomy gazelle]

You are correct. But the increase in gas costs are fairly significant

[hot lynx]

Agree bring back low gas sunday nights 😂

[ember ginkgo]

Gas is low all week these days 😄

[eternal portal]

if it is "withdrawable" it is not staked anymore, is it?

[ember ginkgo]

Yes it is

[eternal portal]

oh, that's pretty nice!

[lyric needle]

Thanks for the reminder fraggy... gotta go buy some more

[native vine]

What is the annual rewards percentage for solely staking of $ILV?

[gloomy gazelle]

!staking website displays the current APR. But it’s important to know that this is a variable rate that trends down overtime. I haven’t checked the percentages in awhile. So I’ll do that now and share them here.

[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]

Here’s a deeper explanation I give. #🥩〕staking message

[cerulean flower]

how many ilv we must to keep to receive a decent $ ( i refer when the game will be release)

[gloomy gazelle]

It all depends on how much revenue is being distributed. And we do not know how much revenue there will be. So we do not know. The highest estimate of revdis eligible ILV tokens is like 9million (It could conceivably be as low as 6m). So whatever revenue is being distributed would be divided between all of those revdis eligible ILV tokens. So the most conservative estimate is that there would need to be $9,000,000 in distributed revenue for 1 ILV with 2.0 weight to receive $1 in revdis. (It’s possible that more aggressive estimates could be as much as 3x this amount)

[mighty shoal]

Hey guys I have a question about the Weight of the tokens, mine has been staked and allows me to withdraw now with weight, If i withdraw and just restake it will keep that weight right?

[cunning perch]

The moment you withdraw, you will lose every privilege for the withdrawn batch. So if you had 10 ILV stakes at the weight of 2X and now they are unlocked, if you withdraw, they lose their weight (only that batch), and if you want to stake again and have a 2X weight, you gotta lock for another year.

[mighty shoal]

Is there a way to stake again for another year and keep their weight?

[cunning perch]

You can stake as many ILV as you want, but for the ILV that is in your wallet to have a 2X weight on the staking website, they all need to be locked for one year.

[mighty shoal]

I had some locked already, now they are unlocked. To stake them again, I have to withdraw right? They have 2x weight already, they will lose it and not become 4x?

[cunning perch]

You don't have to stake again. As long as they are staked (whether locked/unlocked) they receive Yield and RevDis, if any. Unless you withdraw, they are considered staked

There is no 4X in ILV staking

[mighty shoal]

ahhhhh ok Thanks for responding by the way, Just trying to wrap my head around it.

[cunning perch]

No worries. You can ask as many Qs as you want. And be mindful of DMs. They are scams

[mighty shoal]

Lol yeah I got a DM and friend request from "you" but i checked the discord name and numbers and they did not match so i reported and blocked

Thanks again Arash

[cunning perch]

No worries. Make sure to send their full ID in #🚨❗〕report-scammers so we can ban them 🙂

[mighty shoal]

Will do

[steady kayak]

What does 2.0 weight mean?

I have XXX tokens staked for 12 months, what happens when 12 months are completed? I have read the messages above and as I understood, I have to keep them staked and do nothing to continue to have the same APR, correct?

[mild tiger]

The longer u stake tokens for the higher the weight of revdis. 2.0 is the highest weight currently. Folks that only stake for a month or few get the weight of 1.0. So the tokens with weight of 2.0 get twice the revdis as the tokens with the weight of 1.0…weight is used for the revdis

[mild tiger]

Once the 12 months are completed your tokens stay staked & earning at same weight until you unstake them. The APR is fluid so the APR may or may not be the same.

[valid cedar]

Approx how much longer are staking rewards going to exist? Is that potentially extendable?

[mild tiger]

Year & half roughly… it ends when the 3 million tokens are gone.. the staking page shows where we are at

[native delta]

This is assuming that all 9 mil are staked for one year correct?

[gloomy gazelle]

Yes. Absolute most conservative estimate.

[brisk surge]

hello

i try to stack but i cant ^^

i log wallet and i go to stacking and after i have nothing , just a reload page

[gloomy gazelle]

Try clearing your browser cache.
Be sure that you are on the proper website. #🔗〕helpful-links

I’m logging off. Do not get scammed.

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[dusk gate]

I had an issue once with staking too

Worked after I turned off my vpn for some reason. Was too lazy to investigate further once I managed to do it

[brisk surge]

all is good was mi metamask need to unlock metamask read on all website then it work good 🙂

[valid cedar]

With different locking periods... ILV rewards are still locked for one year even though stake period is say 3 or 6 months?

[brisk surge]

Yeah ILV rewards always vest for 12 months regardless of the lock time of the initial stake.

[valid cedar]

I haven't unwrapped slp yet... is it fairly straightforward? go to sushiswap... unwrap... shows up in wallet as ilv and eth in some relation? How different has the variation been from original relation?

[brisk surge]

There’s instructions for removing and exchanging SLP in the pins. I’m not sure what the ratio is right now, a lot of people use zerion to check it. It’ll always be 50/50 ETH and ILV though.

[gloomy gazelle]

You could use sushi’s tool to figure out your divergent loss as well as your increase from fees. You’ll need to know the date you added liquidity #🥩〕staking message

[drifting sky]

i have a small amount staked in the ILV/ETh pool through the illuvium staking website. when i check on sushi swap it says i have no pool positions. same wallet on both websites. am i missing anything,should i be able to see position on sushi?

[worn turtle]

Once you stake them, they are in the contract. So you wont see them on sushi anymore

[drifting sky]

thanks for reply.so no double dip with sushi rewards as we are getting ILV instead?

[worn turtle]

You'll still receive trade rewards for having the SLP that you receive once you remove SLP, but yes you cannot stake on the SLP on sushi as well

[drifting sky]

cheers mate, thanks for clarifiying.

[tulip folio]

Had this happen to me today, thought you guys would get a kick

[gloomy gazelle]

https://tenor.com/view/weebl-on-the-moon-prawn-toast-king-shrimp-gif-12429834

[valid cedar]

Seems like still makes more sense to SLP vs ILV stake until rev-dis is implemented... about 8mos-yr out for rev-dis yah?

[gloomy gazelle]

There was already revenue distributed from the land sale. The question is when will the revenue distributions out pace the staking rewards. Or maybe reach a significant percentage of what the staking rewards are.

[strange bear]

Do you guys think that there is still a point for me to stake ILV or ILV/ETH at this time ?

[tulip folio]

my opinion is still that if you stake SLP you will end up doubling your ILV portion before revdis is fully in gear, so once revdis is flowing you'll make just as much if not more revdis, while also still getting yield, while also still holding ETH

though with each passing day the certainty is lower and lower

[cobalt bobcat]

Hi Noob here. What is "rev-dis "?

[gloomy gazelle]

Revdis is short for revenue distribution.

The DAO/studio earns revenue
Then that revenue is distributed to ILV stakers in the form of ILV purchased from the liquidity pool on sushi.

[cobalt bobcat]

is that Quarterly or monthly?

[gloomy gazelle]

Actually it would likely be close to daily. It already happened with the revenue from the land sale. I’ll share the IIP that has the information on how the revdis contract functions.

#📰〕governance-news message

[cobalt bobcat]

Thanks for the links

[warm knoll]

if i'm following the last sheet from Lelahel. Staking SLP for a full year start to be less worth in term of number ILV generated, especially if the ILV / ETH ratio move during the next 12 month (possible with the release coming)

1 SLP will generate max 6 ILV. + the eventual ILV inside the SLP (5.8 as of now). Versus buying 11.5 (price of slp / price of ilv) ILV and staking it

dunno if i'm understanding things wrong here.

[cobalt bobcat]

What does the acronym SLP stand for?

[ember ginkgo]

Sushiswap Liquidity Pool

[tulip folio]

The spreadsheet is not perfect and makes a lot of assumptions about the future. It's really not capable of telling you how much you will get.

1. You're not wrong, staking SLP generates less and less every day. The ratio spiking can massively change the number of ILV you hold.

2. If you stake 1 SLP for 12 months and receive 4.81 ILV (plus your 5.8 in the SLP), you have ~10.6 ILV when you could have bought 11.5. Except you also still have the ETH, which you can convert to ILV if you choose. Then you'd have 16.3 ILV at current values, but it could be less based on values changing. The way I look at it, you're gambling a bit. You might sell your SLP after 1 year and only be able to turn it into 6 ILV, plus the 4.81 ILV of yield you got for 10.81 ILV vs 11.5 you can get now, but the ceiling could be 16+ ILV. So you give up ~0.7 ILV for the chance to make 5 more ILV. Ultimately it's less about number of ILV and more about total value. I don't care if I have less ILV if I can convert my SLP into ILV and end up with more.

3. As release gets closer and especially once revenue starts, there's quite a possibility that many SLP stakers will unstake and convert to ILV. 80% of all staking yield goes to SLP pool, and if there's a mass exodus then the yield going to each SLP will skyrocket.

But yeah every single day that passes makes SLP yield less and less attractive, mostly because ILV value could skyrocket and decouple from ETH.

(Personal strategy: I'm no longer adding to my SLP but I'm also not withdrawing/selling any that I've got staked 2.0 weight and unlocked)

[cobalt bobcat]

Question: could I just stake ILV? Buy it with ETH and stake it?

[ember ginkgo]

Yes

[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.

[tulip folio]

Absolutely, but plenty to consider. Out of all of the staking yield, SLP (ILV/ETH) gets 80% of the rewards, ILV stakers get 20%.

In addition, more and more ILV is being locked/staked over time, so that pie is being split into smaller and smaller pieces. Currently 5% APR, but you get revenue distribution (when that's in full swing) on the full amount. Also, you will always have the number of ILV you staked (no risk of impermanent loss). Biggest downside imo is you're locked for minimal gain.

SLP on the otherhand actually has a net unstake (there's more unstaking than starting new stakes). This means SLP stakers are getting a bigger and bigger slice of the pie (the 80% of yield), which is helping offset the yield that drops over time. You only get revenue distribution on the half of your SLP that is ILV, however, and you risk impermanent loss if the values of the tokens change wildly.

If all games released tomorrow and revenue was $100 million every month, staking plain ILV would be the play all day. The more delays and underperformance of revenue there is, the better the SLP play is comparatively.

[cobalt bobcat]

Interesting thanks

[warm knoll]

yep i'm the same. will do few DCA to direct stake into ILV pool. And keep eth as separate investment. Kind of miss the train with ILV and went during end of bull but well. Still believe strongly in the project so i'm fine.

[teal path]

Hi, if My vesting slp is finished i'm still getting apr?

[cunning perch]

As long as it is staked, you get Yield and RevDis, if any.

So until you withdraw, you are good whether your stake is locked/unlocked.

[teal path]

@cunning perch thanks

[buoyant lotus]

All the speculators bought lands trying to sell higher after the alpha announcement

Will have to wait a bit more before buying, so boring 💤 😴

[cunning perch]

Yeaaaah, well, news always drives investors, although, this is the Staking channel. You may wanna use #💬〕general 🙂

[buoyant lotus]

Oh yes sorry

[brisk surge]

i have a question just to make sure i understand the staking correctly, well maybe a few.

lets say i stake $100 worth of Eth into the ilv/eth pool. i would need to go to sushi swap (or any of the markets) and get the correct token for that pool. i then choose to lock in for a select amount of time so lets use 12 months at 68% so at the end of the 12 months i would have $168 (provided nothing changes) plus i would then qualify for res dis since i am staked? so i could potentially make more money from that or is that only if i hold ILV token

also to stake in the ilv/eth pool i need SLP is that available just to purchse with eth or ILV or does that make a difference in how i purchase it. i went on sushi and was looking and seemed to get the same value with either Eth or ILV in the swap.

[brisk surge]

You shouldn’t be swapping for SLP, you should be adding liquidity to the ILV/ETH pool on sushiswap.
There should be a short guide pinned in this channel.

I’ll caution you that the APR is variable and will change over the duration of your stake.
Also $100 probably is not enough to stake to justify the gas costs, since you will have to do multiple contract interactions on L1.

[brisk surge]

Perfect thank you. That was just a number I’m looking to invest more then that was just simple for math. The apr in either of the staking options is variable isn’t it? So it’s risky either way. But if I put 5 ILV in no matter what I get at least my 5 out do I not? Then vesting that is any extra that comes in comes as silv2? Which I can then vest? Or is it the money I locked I can then vest to make silv2. Sorry I read a bunch and messed my brain up lol I should come back to it tomorrow and read it all again

[brisk surge]

No worries, everything about this project is kinda complex so it definitely takes a minute to wrap your head around the whole thing. Ask as many questions as you need, there is almost always somebody around to help out!

So if you stake ETH/ILV you are providing liquidity to a liquidity pool, this means you are exposed to ‘impermenant loss’ or ‘divergence loss’ when the price of ILV and ETH diverge. It’s a pretty complex concept so I would recommend doing some research to understand how that works. There might even be a link to an ‘impermenant loss explained’ article in #🔗〕helpful-links but if not it’s easy to look one up.

As far as rewards go you can choose to receive ILV or sILV2 when you claim. If you take sILV2 it’s available immediately and if you take ILV the tokens go into a 12 month vesting period before they unlock. Vesting ILV is staked in the ILV only pool and will be eligible for staking rewards and revdis until you withdraw.

[cerulean flower]

We can stake Ilv on layer 2?

[brisk surge]

No

[brisk surge]

Amazing! Thank you for all that cleared up a lot of fog! So the safer option is to invest just into the ILV pool but also has less of a return which is pretty obvious due to risk factors! I appreciate the assistance! Merry Christmas and happy new years bro

[ember ginkgo]

Not at this moment but who knows what happens in the future 😉

[candid tundra]

is staking down for anyone else?

[cyan rampart]

Seems to be working for me. Be careful that you're on the correct website via #🔗〕helpful-links

What part isn't working for you?

[candid tundra]

nvm.. back up now.

what happens when the 3m staking rewards are done? if im not mistaken thats like 6-7 months from now? does the pool apr/y go to 0?

[mild tiger]

At that point, the only thing staked tokens will be earning is revdis.

[gloomy gazelle]

It’s actually 18 months from now.

We are halfway

We are in epoch (two week/fortnight) 39 of 78.

[tulip folio]

*unless an IIP is passed that provides extra incentive to liquidity stakers

[lyric needle]

I'd like tokens reserved for in-game rewards go to staking only if the game isn't out in 18 months(I think game would be out sooner).
Either-way I think a small % of revdis that is going to treasury should be reserved for in-game rewards.

[cobalt bobcat]

HI still getting caught up all all the latest. have they restructured the RevDis to adjust for market conditions and to add more runway? Or is it build into proposed GOV2? where does that stuff stand?

[mild tiger]

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-yield-farm-gif-22324807

[proud ivy]

Write an IIP in preparation for the event 😉

[proud ivy]

The latest, I believe, is the current team size still has an easy 12 months runway before additional funding will be needed.

No restructuring of RevDis through Illuvitar sale has been agreed upon via the DAO.

[cobalt bobcat]

cool thanks

[elder dawn]

No immediate action has been taken. The council spoke with Danny, and we are preparing iips should we determine acting is necessary, and having discussions in advance to determine the hierarchy of which levers to pull if necessary to further extend runway.

[rugged sonnet]

Help plss

I try to sake SLP, but when i approve transactions, this is not work

[ember ginkgo]

#🥩〕staking message

[rugged sonnet]

i have SLP already, i cant stake, eror tx

[ember ginkgo]

@cunning perch are you here?

[rugged sonnet]

i cant send screnshot

[rugged sonnet]

i send you in pm

[ember ginkgo]

We don't help in DM's 🙂

[rugged sonnet]

just scren see pls

[ember ginkgo]

I'm not a pro in staking myself, that's why I pinged Arash 🙂

[cunning perch]

So you have SLP, want to stake it and it doesn't work?

Make sure your Browser is updated, clear cache or even change the browser. It should work.

[rugged sonnet]

i try it, not work

[cunning perch]

Hmmm, see if your wallet is updated too. If it doesn't work, try changing your wallet. That's the best thing I can tell you regarding staking. I believe the issue is from your side cuz we haven't heard about any issues regarding staking.

[rugged sonnet]

i did it from mobile browser already

[cunning perch]

Change the browser. Use Chrome or FireFox or Safari, or Brave. If they don't work, change your wallet and watch out for Scams. Any private message from anyone is Scam

[plain orchid]

the dapp is looking really good. i think imma pick up some ilv and stakey wakey for a while

[cobalt bobcat]

Happy New Year! so in the last 72 hours I have been geeking out on Illuvium Project. As far as staking is concerned, I can just buy ILV off Coinbase, transfer to my Metamask, and stake it on the Illuvium website via the dash board. is this the best way to avoid the most gas fees? Do epoch periods increase over time, could not find a schedule (looks like roughly 6 months right now).

cute I got my official noob icon...lol

[cunning perch]

Hey. Glad you have done your research. Yes, you can buy on any CEX that supports ILV or Sushi (DEX) and then stake in ILV website. (watch out for DMs. They are scams). And Yield ends end of June 2024, but Revenue Distribution continues as long as the platform is making Revenue (only ETH purchases count towards Revenue).

P.S. Revenue Distribution hasn't started since the games are not launched yet.

[cobalt bobcat]

The scamming is real, the moment you connect to a crypto related discord server. I hear people say "stay off discord, you will get hacked." But that is not completely accurate. Discord is secure, you get hacked by clicking on a link leading away from discord in a DM. I open to learn if there are any ways but that's how I understand the issue.

[turbid summit]

Nice one

[cunning perch]

Oh yeah for sure. We just say it to everyone as a precaution since Scammers keep impersonating Mods’ or Devs’ names to scam ppl. Glad you are cautions. Not many are 🙂

[ember ginkgo]

What is?

[turbid summit]

Hi

[mild tiger]

lol

mods earn their pay...i hope they are paid. 💞

[cobalt bobcat]

I am a proud owner of ILV, any point to staking now, or just until the game is closer to revenue generating launch?

convert some to ILV to sILV2 for purchasing Illuvitars, (when available) ,if I don't want to spend ETH? Do this on SushiSwap?

[cyan rampart]

Staking now means you start generating yield and your lock period ends sooner than if you wait. Definitely decide for yourself whether you want to stake though.

ILV doesn't convert to sILV2 - There is a sILV2/ETH LP on Uniswap, or you can claim staking rewards as sILV2.

[cobalt bobcat]

Thanks!, there seems to be a debate on what is better to stake ILV or sILV2. still wrapping my head around the tokenomics of it all.

[cyan rampart]

Well you can only stake ILV or SLP (Sushi Liquidity Pool) tokens. You get SLP tokens by providing liquidity on Sushiswap. sILV2 cannot be staked.

ILV Core Pool - Lower APR, No risk of IL
SLP Pool - Higher APR, Risk of IL (Impermanent Loss)

There's some other factors to consider as well, but that's the quick version.

[valid cedar]

How does revdis get paid out? in eth?

[candid kettle]

ETH spent is used to buy ILV from the market and this ILV is distributed to stakers

[valid cedar]

Ahh, I see. I'm tempted to just stake ILV from this point on... it's not a clear cut choice

[safe knot]

Hey guys. I withdrew some SLP and wondering where that has ended up? I havent re staked it?

[last hawk]

did you add the SLP token to your metamask? so you can see them there?

[safe knot]

No not yet, that is probably why 😂

[last hawk]

yes it doesn´t show up automatic. you need to add it.

[safe knot]

Can you confirm the token? Is it literally slp on metamask? All I see is the token called Smooth Love Potion

[last hawk]

check #🔗〕helpful-links

should be ETH/ILV SLP token adress there

[candid kettle]

!contract

[woven ibex]

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

[safe knot]

Thanks guys, got it!!

cheers heaps. How come if I try to swap SLP to ETH it gives you basically nothing in $$ value? Should I be swapping it elsewhere?

[last hawk]

check the pin post for to get the eth and ilv back from slp

[safe knot]

Thanks! Any idea where I find that?

[cyan rampart]

#🥩〕staking message

[candid kettle]

you don't trade the SLP token, you make the token to use in the stake and if you want to sell you undo the token to sell the ILV/ETH

[last hawk]

thats were you can find pin posts

[safe knot]

Cheers dude

[mint cairn]

When you're trying to stake ILV why is it showing the same apr for short term and long term?

[topaz pollen]

What are the expected percentage of fiat and Crypto (ETH) payments to Illuvium?

[proud ivy]

This is the interesting part out the mining schedule - game theory! Good luck making the right choice 🤗

[proud ivy]

Have you continued through to the final step and applying a weight of 2.0?

[valid cedar]

You know… I’m just going to keep doing both. Essentially, keep eth as a hedge, get higher apy than just staking Ilv, more revdis than just staking slp, and stagger a few durations… long term and medium term.

[mint cairn]

I'm not sure what do you mean @proud ivy

[valid cedar]

Issues with staking site rn? Can't seem to sign.

[last hawk]

Your on the right Page? #🔗〕helpful-links for me it works great

[outer dust]

Why is the unlock expired? I can't get the proceeds. The gas fee is enough.

[valid cedar]

nvm... I tried on desktop and worked fine. Phone kept spinning and getting held up trying to finalize staking.

[tender thorn]

Hi

[last hawk]

I don't think its Supported for mobil.

[cunning perch]

IlluviDEX is not, staking is

[ember ginkgo]

#❓❗〕community-help message

@cunning perch can you help this guy pls

[cunning perch]

Hey friend. Please use #💬〕general

[ivory wharf]

We are exactly half way done with the Staking program.

[spiral linden]

Gm

[midnight cove]

I'm a bit confused about Yield Farming. Specifically, in the tokenomics page (https://docs.illuvium.io/whitepaper/tokenomics) they list 3M tokens for Yield Farming (in the table), but in the vesting chart there is no Yield Farming. Instead, it has ILV pool and ILV/ETH pool.

I understand how revdis works, but where do the actual tokens for yield farming come from?

[craggy field]

there were 3M out of 10M tokens stashed away for yield farming. currently 2.35M have been given out as far as i know 🙂

[midnight cove]

So what's with the ILV and ILV/ETH pools listed in the chart?

[cyan rampart]

Yield tokens are a dedicated pool of 3M tokens to be distributed over 3 years of yield farming. After that, yield farming will no longer exist, and there will only be revenue distribution.

You can't really make a predictive chart for yield farming unlocks. Yield rewards are generic, they can be claimed as either sILV2 or as ILV. If claimed as sILV2, they are unlocked tokens. If claimed as ILV, they undergo a 12 month vesting period before they unlock. Since there's a choice involved, you can't perfectly predict what people will claim their rewards as, or when, and so there's no unlock schedule for them. You can tell when people claim rewards as ILV, and know that 12 months later, those ILV will unlock.

[midnight cove]

Thanks Blickter. But in the chart I'm referring to (the one at the very top of that page), all 10M ILV tokens are accounted for, and there's nothing for Yield Farming.

[cyan rampart]

The chart in the whitepaper is really out of date. Of the 3M yield farm tokens, 80% of them go to the SLP pool. The chart isn't necessarily an unlock chart, but I think the ILV and ILV/ETH in that chart are meant to model emissions for each pool.

[midnight cove]

Ah, ok, that makes sense. Yeah, looks like a 20/80 split there. They should probably update that. :/

[cyan rampart]

Yeah that's been brought up before.

[midnight cove]

To confirm, was @craggy field correct that 2.35M have been emitted already?

Is there a more up-to-date tokenomics chart?

[cyan rampart]

Lelahel has a spreadsheet that I use.
#🥩〕staking message

[craggy field]

it's now epoch 39, and the first distribution of tokens was 100K. then it decreases by 3% every 2 weeks. So the sum of 100K * 0.97^n
after 78 epochs this calculation would reach 3.03M tokens. So it's slightly inaccurate. But it is a quick approximation

[midnight cove]

Thanks!

[jaunty cairn]

I finally have fully vested ILV ready to withdraw. Do I need to withdraw and restake into the SS ILV pool? Or can i simply leave it there

[upbeat torrent]

Hello

[cunning perch]

You can leave it there if you want and it will still receive rewards.

[brisk surge]

Hi

I want to change wallet.

[valid cedar]

Did I read somewhere about a disincentive to regular cycles of reward withdraws? Or was that an issue of the past? Is there only gas to consider now? I understand that in order to compound rewards one needs to claim them.

[cunning perch]

For any TX you do, you pay gas. And yeah, you have to manually claim rewards and pay gas for each claim. If you claim ILV, it will get locked for one year. If you claim sILV2, it will go to your wallet.

[valid cedar]

Ok, so just gas consideration... and the rewards are locked from the day of claiming... not the day of staking

[cunning perch]

Rewards start their own batch (locking procedure) after being claimed. Each deposit and claim has its own.

ILV rewards will always stay at one year after being claimed regardless of your deposit locking period

[valid cedar]

Makes sense, thanks (:

[brisk surge]

How to change wallet? I have ledger

[worn turtle]

Will start a thread

[brisk surge]

Thread?

[worn turtle]

Yup

[wicked flicker]

How to Track the staking rewards for the tex?

Does cointracker Just See the Blocks over the metamask

[worn turtle]

Would need to see with that particular tracker… likely it won’t be an event until you claim though but depends on your situation NFA

[strange pond]

Hey, wanted to bump this @worn turtle

[worn turtle]

Just spoke to them, Can you DM me so I can gather exactly what information you are looking to obtain

[plain stratus]

Anyone have an approximate APY for staking ILV. Or know of a place I can learn about it? Thanks!

[lyric needle]

@plain stratus

Also #🔗〕helpful-links - Staking Website - "Staking" tab

[plain stratus]

Thanks

Do we need to stake equal amounts of ILV and ETH for the ILV/ETH pool?

[cyan rampart]

Equal amounts by value, yes. So for example, $500 of ILV and $500 of ETH.

[plain stratus]

Thank

[lyric needle]

check staking v2 docs they are really good

[upper copper]

What do you guys think. I have a good chunk of ilv/eth that unlocked after 12 months at 2x rewards. At this point do you think I'm better off just leaving it or converting it all to ILV and locking that up for another 12 months? With the original 300% apy it seemed like a no brainer but at the current return which is dropping every 2 weeks not sure it's still the right play. Any thoughts?

[cyan rampart]

It would make sense to me to leave it and continue getting the higher APR. Since it's unlocked, you can remove and swap to ILV at any point. NFA ofc.

[upper copper]

Good point. I was just thinking if revdis start to kick in then ilv might outperform eth and could get nailed by impermanent loss.

[cyan rampart]

Yeah, it does depend if you can keep tabs on things. If you only wanted to check on it every 3-6 months, it might make sense to swap now, but I think there's a really good chance that we have significant heads up prior to the game launch, which is when I personally think we'll start seeing some ILV price action.

You might actually be able to reduce your IL by holding until the ILV:ETH ratio is closer to where it was a year ago when you first provided liquidity as well.

[upper copper]

Great points. I'll be looking at it every day so I'll keep it as is for now. If it ever gets anywhere near where it was a year ago I'll be pumped. Lol

[cerulean flower]

i am new, if i stake ilv/eth i can keep staking as long as it is live the pool? and every 12 month to stake on illuvium website? i understood well?

[cunning perch]

You can stake as many ILV and SLP as you want. When the Yield ends, SLP won't count probably unless it changes with an IIP. ILV pool is always online since there will always be Revenue Distribution (when it goes live). YOu can stake everyday if you want.

[cerulean flower]

and for slp, to make the commissions worth it, what amount would it be advisable to stake? I mention that I have not added "liquidity" and I am aware of "unrealized loss"

[cunning perch]

And yet there is no advisable amount to stake. For someone $100 is a lot of money and can't take the risk while someone might easily go all-in and take the risk. You have to decide all on your own. There is a calculator in pinned messages that can help you, but you will be the one that has to decide what to do 🙂

[plain stratus]

To avoid impermanent loss would it theoretically be best to stake your tokens for a given amount of time and then withdraw them right before there is a large % change in price between the 2 tokens?

[cunning perch]

You are only taking ILV price into account based on news and its current conditions. What if BTC massively drops/moons while you are locked? that's sth you have to take into account as a variable.

[plain stratus]

Wouldn't only ETH and ILV matter since that is the pair? not BTC

[cunning perch]

Well, if BTC makes some massive moves, would ETH stay the same in price? 🙂

[plain stratus]

fair enough. So what would happen if BTC dropped hard or mooned?

[cunning perch]

IL happens when the $ value of your asset changes and to keep the balance 1:1, the pool has to sell either. So, with each price moving, there is a risk of IL

[plain stratus]

So is the ideal situation to have low price movement between the pair of staked tokens? lowest risk?

[cunning perch]

If ILV outperforms ETH, you are gonna lose it to ETH. Cuz the pool will buy more ETH to keep the price balanced. The same goes the other way. Also if they go down in price, well, ppl are literally buying your tokens for cheaper 🙂

You are adding liquidity, meaning ppl have access to the tokens in the pool. That's why the price movement happens. If they tank, quite the same senario might happen

The best case is (imo) if everything stays the same which is hardly the case in Crypto

[plain stratus]

I have never staked before so just learning. Thanks! Seems incredibly risky, especially since there is a locking period. I may just hold the tokens then.

[plain jasper]

Price movement is fine, as long as prices of the pair are moving in tandem.

[plain jasper]

You can always do single sided staking, aka only stake ILV. No impermanent loss there

[cunning perch]

Well "risk" is a relative term. It all depends on your risk management. Many are still investing in SLP and won't care about IL. The APY is higher so you get compensated.

And yes, the ILV pool is IL-free.

[plain stratus]

Does staking only ILV have a lower APY?

[cunning perch]

Yes. Lower risk, lower rewards. Higher Risk, higher rewards.

[cerulean flower]

thanks guys...how i calculated i lose on staking SLP, maybe i will tray with 100$ to learn...i will play with calculator to understand better :d

[unique grail]

Hi, Good Day..... just a quick question regarding Staking cause I forgot that I have Staked last year and I haven't visited my Illuvium/Metamask account until now. 1st. About the Pending rewards and RevDis, does both of these goes automatically to the ILV that I earned daily from Staking or only just the Pending Rewards and the RevDis needs to be claimed with a Fee? 2. That RevDis since I have not claimed anything, does it stack or just being saved until claimed/withdrawn???

[elder dawn]

Claiming staking rewards and revdis are two different things. Both will require a separate transaction and fee. With staking rewards, you can choose to claim as ILV or sILV2. If you choose ILV, they will automatically be staked and start their 12 month vesting before you can withdraw them. sILV2 is available immediately. For RevDis, when you claim, you will receive unlocked (and unstaked) ILV that you can do whatever you want with - sell, stake, hold. If you don't claim either, they just keep accumulating until you perform the transaction.

[unique grail]

Ohhh Thank you for the quick response, basically I have nothing to worry on my part until March of 2023 cause that's when my Staking period ends and unlocks. And until then I'll just have to wait a week before that so I can decide on what to do Right?

[elder dawn]

Even when your stake unlocks, you don't have to do anything. The only thing that changes then is you gain the ability to withdraw your tokens if you want. If you don't withdraw, you'll continue to earn the same way as when they were locked. Just note that any rewards or revdis require action to actually receive them. they just sit there until you do something.

[unique grail]

Clear as Crystal Deraji, thank you so much for the simple yet very understandable explanation. Belated Merry Christmas and Happy New Year 🥳

[elder dawn]

Same to you! 🎆 🎉 Glad i could help!

[oblique forge]

Question for anyone that can help my metamask wallet got compromised so I had to make a brand new one I have a bunch of ilv stakes as well as LPS that are vested is it possible to have everything moved over so it's connected to my new wallet and not the compromised one so when things get unlocked they won't get stolen?

[oblique forge]

Good question... I have no idea .... But I had a bunch of boo which is all gone at two different websites I had magic cats which they stole 11 out of 15 that I had and I had three Eth lizards that they transferred and sold... 😔

Just post your suggestion here I'm not about to go into no messages and deal with hackers

[craggy field]

1. Did you stake before or after V2 was introduced?
   Otherwise:
   If you staked on V1, and your wallet is compromised and they added a drainer bot to it then you will have to either make a quicker drainer bot for when your stake unlocks. or make a bot to execute a new contract to claim through another wallet so that that wallet pays gas. After all, if they send away your gas-money you'll be left without anything 😅

[oblique forge]

I staked on V1 but when it was time to update a updated everything but didn't get hacked till being on V2 for over 6 months

[craggy field]

"Updated everything"... if you go to your staking page, and go to Vesting. Do those initial stakes show up as V1 or V2 stakes?

(They should have a small white V1 or V2 mark if i recall correctly.)

[oblique forge]

No markings anywhere

[woven ibex]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[craggy field]

Im not close to my comp or i would make a screnshot. But if you staked before march and didnt re-stake then they should be V1 stakes. If you re-staked in the meantime so that they are V2 stakes, then you should be able to migrate your assets to a different wallet manually.

[oblique forge]

Yes I switched everything over to V2 back when it first was introduced

But do I have to wait till everything unlocks to be able to switch and use this compromised wallet to constantly check on things?

[craggy field]

Does your gas money get stolen instantly if you send Eth to that wallet?

[oblique forge]

I've already taken a lot of Staked coins that I had for example at defy kingdoms and put it on my new wallet and everything went through I had some hex that I transferred over and I was only charged $2 gas fees

And the last time the hacker transferred anything was 5 days ago and upwards to 17 days ago so it's like they keep coming back to take more

[craggy field]

You can manually send away the ILV stake to a different wallet now if you staked on V2. Should cost about 6-10$~ in gas fees

I think @cyan rampart could make a thread and share the manual way of transfering your stake to a new wallet.

[oblique forge]

Today was the first day in months that I looked at my metamask that's my fault

[cyan rampart]

I'll make a thread in #❓❗〕community-help for us, but I'm actively making dinner atm, so it might be a minute. One of the other mods may be able to help in the meantime.

[craggy field]

Ah pardon me for just shoving this onto you! Have a good meal

[oblique forge]

That would be great because I'm poking around here and there on the staking page and cannot figure out for the life of me how to do it

I posted the same question in the iluvium support section but no reply is yet

[craggy field]

Well then good luck! I hope things work out and your funds are safely sent to the secure wallet!
Dont forget to use a hardware wallet like a ledger or Trezor in the future. They may be able to save you from future compromises 😬 a 60$ safety tool is usually worth it for peace of mind :]

[topaz pollen]

I'm hoping formsome clarification on Staking if possible? If someone chose the 12 month lockup vesting... Can you unstake early? What are the penalties if you do?
Is the only penalty to lose the accumulated tokens?

[elder dawn]

The stake is locked for the selected duration. There is no way to withdraw early.

[topaz pollen]

Awesome! Thank-you 🙂

Will I need to re stake after the 12 month lock period to claim revdivs? Do they have an option to automatically stake the claimed revdivs? If i do.. will they need to be staked again?

[elder dawn]

At the end of your lock up, you just gain the ability to withdraw it. It will continue to earn rewards and revdis, just like when it was locked.
Revdis must be claimed in a transaction, but there isn't currently a way to also stake at the same time yet. You can start a stake (and choose a lock up period) for the revdis. While unclaimed, revdis doesn't earn anything.

[topaz pollen]

Thanks Deraji, Do you know if there is a no gas automatic function coming? Or whether i should raise this as an idea? I personally believe that this would entice more people to stake instead of cashing out.. hence increased price.

[elder dawn]

Its been talked about, but no concrete plans or effort towards it yet. The push is to ensure the game side products get the attention right now.

[brisk surge]

Can someone please help me transfer my Metamask staking to ledger? I will not disclose my wallet. Thank you.

[worn turtle]

Ser I’ve already tried to help you in the thread

[brisk surge]

But, you are asking for my wallet.

[worn turtle]

Yes ser in a private thread no one else can see but us

[young harness]

Hi Team, I just noticed that My 1.91 ILV is not available for withdrawal but I'd like to stake it again. how do I go about it? Is withdrawal my only option?

[ember ginkgo]

As long as you don’t withdraw it. It stays staked

[young harness]

sorry I meant now. not not

[young harness]

Oh ok thanks

At the time that was worth about 2k. are we thinking it can go back to those levels once game launches?

[wicked flicker]

OK one Question i staked in November vor around 10 apr ,now its onlY 5 Prozent. When my year If staking is done do i still get the 10 Prozent Ass Long as i dont Claim it?

[ember ginkgo]

You don't get 10% anymore now, you get the current APR, not the APR of the moment you staked

[wicked flicker]

Ah Okay so rn i onlY get the 5prozent i thought i Log it for a year to get the 10 Prozent hmm ok should have done better Research

[brisk surge]

If that was the case half of us would still be on 300%

[tacit yew]

hi

[soft niche]

Hi, how can I manage my ILV to ILV2? I'm a little lost

[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.

[soft niche]

thanks a lot!

[waxen vortex]

!claim

[gloomy gazelle]

It’s just a command that we use for the discord bot to share info.

[analog shore]

What’s the current apr?

[gloomy gazelle]

Last I checked

A week ago

[analog shore]

Thank you 🙏

[granite spindle]

any reason why my ILV earned daily, is significantly less projected out to my overall stake time then what was anticipated?

as an example... let's say i have 2.5 SLP staked, my APY when locked was 60%. My stake time was 200 days. So technically i should earn 2.5 SLP * 60% split over the course of 200 days, but the value given as ILV tokens

I'm curently earning $1.16 per day as ILV, so technically x 200 days my overall gain will be $232, which is not even 20% return on my staking investment

[brisk surge]

thank god deraji is here... i was dying trying to do this math 🤣

[elder dawn]

Hi Sean - APY for Illuvium staking is variable, and depends on how many others are staked at a given time. The rewards follow a fixed decay curve (3% decrease every two weeks). I wrote an article September 5 2021 that covers this if you really want to get into the details (APY Is Dumb - what really matters in Illuvium staking). For the SLP, it's particularly awkward, as return is based not just on your SLP value, the pool population, but also the price of ILV at the time. I'd say check out my article, and apologies for the confusion on how APY works (and that it's not locked) - oh, and blog link is in my profile since we can't share links here)

[elder dawn]

also, on it's own APY is an annualized return, so what you would expect over 365 days. if you were at 60% APY on an investment of $1170 (which is 2.5 SLP today), over a year, you would expect $702. Over 200 days, you would expect around $384 (200/365 x $702). The fact that APY decreases over time as rewards decreasing for Illuvium staking, taking your current earn rate would give a much smaller number if applied going forward. I hope that helps, and feel free to ask more questions, or DM me if you'd prefer.

[vapid mist]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[granite spindle]

Oh man, thanks for such a detailed reply, thats actually very helpful, appreciate it, so essentially i can expect my ILV EARNED DAILY, to actually start decreasing rather then going up (feelsbadman.jpg)

[elder dawn]

yep. totally. it's not guaranteed, but very likely rewards decrease going forward. Each pool has a fixed number of reward ILV that are given daily, and that number goes down every two weeks. Since the reward ILV is a fixed number, it's also impacted by how many people are staked. If more people stake, it goes down more since the same number of ILV is distributed across more stakers. The only way your number of ILV stays the same (or goes up) is if more people unstake compared to the decrease in rewards.

[eternal portal]

Hi, did anyone here successfully stake via Trezor HW? While trying I received an error from the linked Trezor website, where I wanted to "Install Bridge"...

[cunning perch]

I personally don't know about using Trezor Software, but you should simply be able to connect your Trezor to MetaMask and then use MM to stake your ILV.

[elder dawn]

Agree with Arash - I have a Trezor and have it set up through Metamask and staked without issues.

[vapid smelt]

how to stake ilv tokens?

what is the apy we are getting from staking this token?

[ember ginkgo]

!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.

[vapid smelt]

what is silv token how to buy and stake it?

[ember ginkgo]

sILV does not excist anymore, it has been replaced by sILV2. You can claim it as a staking reward. sILV2 can not be staked.
You have a lot of basic questions, I suggest you read up in #🔗〕helpful-links and learn more about the basics of this project

[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.

[minor notch]

Hi team 🏆 How are you today ? 🙏🏼
About stacking, i want invest 1k€ on the game before alpha. I bought à land yesterday and i want switch all my P2E investissement in ILLuvium project 😍.
What is the best stacking way you recommand me for support thé projet et Illuvium Team ?

I don’t really understand SLP stacking honestly, anyone can explain me 😜

[cunning perch]

Hey friend. I'm glad you like IIluvium. SLP is the Sushi Liquidity Pool token. So you provide ETH + ILV to Sushi (equal in shares in $) and get the token and then stake that in Illuvium's website. It's APY is higher, but that's because you will be exposed to Impermanent Loss. IL is when the prices in the pool move up/down and you lose one token to the other, if not both. ILV pool on the other hand doesn't have this risk and therefor has a lower APY. Both Pools receive Revenue Distribution based on the number of ILVs you have staked (SLP also have ILV in it, remember?) . There is no "best way" though. You wil have to decide all on your own which staking option is better for you.

[minor notch]

😍 Thanks for all this precious information 😍

[cunning perch]

You are welcome. Also watch out for DMs. They are all scams under whatever name.

[vapid smelt]

what is the minimum required ilv tokens to stake?

[ember ginkgo]

There is no min requirement

[vapid smelt]

thanks

[ember ginkgo]

But if you want to have the staker role, I believe you need to stake at least 1 ILV

[carmine coyote]

Does my ILV/ETH (SLP) token still earn yield if i leave it staked? or is it only my ILV token?

[cyan rampart]

It continues to generate yield if you leave it staked, yes. That applies to both ILV and SLP staking deposits.

[jovial moat]

I'm trying to decide if I should spend 10k on ilv or slp right now 🤔 any thoughts guys?

[ember ginkgo]

Yes

[lyric needle]

If you are looking to support team. This is arguable but.... I would say maybe the best would be to buy/stake $ILV and claim $ILV with any rewards. Then purchase Illivatars (the profile pic NFTs, when they come out) with ETH over $sILV. Might not personally be the best financial option, but I think this would be better for the team then other configurations ATM.

maybe even more optimal would be to claim $sILV over $ILV and never use the $sILV 🙂

[meager nexus]

How can I sell my ILV/ETH SLP? Sushiswap gives $0.25 per 1 unit right now

[candid kettle]

#🥩〕staking message

[cunning perch]

Check the pinned messages on how to remove SLP and turn it back to ETH/ILV

[cyan rampart]

#1060705136248377414 Just gonna drop this here, as it's a proposal related to liquidity.

[gloomy gazelle]

We can use the old one.

[quasi oyster]

is it possible to create and stake the lp token from the phone ?

[gloomy gazelle]

What wallet app would you be using?

[quasi oyster]

meta mask

on iphone

[gloomy gazelle]

I think it should work at this point. It did not used to work well. But I think it does now.

[quasi oyster]

ok cheers

[vapid smelt]

how to stake ilv token?

what is the current apy for staking ilv token?

how to provide liquidity to the pools?

what is the apy on these pools for staking?

[regal marten]

Staking apy is on staking.illuvium.io and staking instructions are in the pinned messages.

[cunning perch]

All you ask is pinned in the channel. You can stake in the website as xastor mentioned above. You should use the Sushi pool if you wish to provide liquidity

[orchid wedge]

What exactly does it mean for the staker when the slp pool runs out

[cyan rampart]

Can you be more clear about what you're asking?

Are you asking what happens when Yield Farming ends,
-or-
Are you asking what happens if the SLP pool doesn't have liquidity left in it?

[orchid wedge]

The second question. I keep hearing like a little over a year or so from now.

[cyan rampart]

If the Sushi LP didn't have liquidity anymore, it would just stop existing. That's extremely unlikely to happen before the end of yield farming (as the yield rewards provide additional incentive to continue providing liquidity and staking - Yield rewards are distributive, so as liquidity providers stop staking, the incentive to remain in the pool increases proportionally)

The main consequence would be that we'd have to figure out a solution for how to handle Vault buybacks. Currently, the Vault uses ETH from revenue to buy ILV from the ETH/ILV LP.

[drowsy nebula]

Hi. Is there a breakdown of staking rewards anywhere? Can't spot it o the main website.

[cyan rampart]

This is an (older) breakdown, basically 3M ILV over 3 years, on a decaying emissions schedule (3% reduction in total rewards every 2 week period) https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[drowsy nebula]

Thanks for that. It would have been nice to have a real time calculator to encourage me to commit. I appreciate your quick response tho.

[cyan rampart]

You can check the current epoch and the emissions for this epoch on the Illuvium staking page.

There's also a community made staking calculator that some people use to get into the nitty gritty which you can find here: #🥩〕staking message

[drowsy nebula]

Wow. That was overwhelming. I see the emission for this epoch on the website now. That should do. Thanks again.

[cyan rampart]

It's a lot, but some people want the detail 😛

[thin trellis]

is Staking worth it?

[cyan rampart]

It can be, but you should decide for yourself. The APR for each pool is displayed on the Illuvium website - Feel free to ask if you have any questions about how staking works

[lyric needle]

Staking has other benefits as well. Revenue distribution and voting rights.

[thin trellis]

whats the profit ratio like if i threw in 1-2k how much would i make over lets say a year

[lyric needle]

It is unknown because we do not know what the profits are going to look like but 100% of profit goes to stakers. Biggest staker is essentially the game studio and it's how they are taking profit. 9million is max cap of token supply so each ilv staked will give you 1/9million from revenue generated.

[thin trellis]

not gonna lie

thats kinda confusing

[lyric needle]

yeah it is but it is the most compelling and transparent way I've seen tokenomics. I would suggest doing some more research.

[thin trellis]

where do i go? youtube?

[lyric needle]

illuvium youtube has a good primer

[mild tiger]

& pinned messages

[lyric needle]

search "illuvium economy deep dive"

[thin trellis]

i will, thanks for the help btw :)))

[granite spindle]

The January 3rd ILLUVIUM Council meeting agenda with this item.. can someone clarify for me what does the meaning of “redefining the meaning of RevDis” against just straight up redefining RevDis

Redefining Rev Dis

• Illuvium scope has expanded significantly from when the project originally started. Council is drafting an ICCP to further communicate and help clarify the definition of revenue distribution covering a variety of products and services envisioned in the future.

Does this mean core changes to how RevDis is actually going to be given to stalkers/holders?

[cyan rampart]

It has to do with how we calculate revenue for products with non-trivial costs (ex. Merchandise).

Basically, for product or revenue streams that didn't exist when the original definition of revdis was established.

There's been a lot of talk around this over time, but we think we have a potential solution. We should be able to share it soon(tm).

[mild tiger]

proceeds/profit vs revenue

[eternal portal]

is there a table where we can see "time of staking" vs "weight"?

[cunning perch]

What do you mean? If you stake for one year “time = 12” the weight will be 2. You can check the pinned calculator to check different options too

[eternal portal]

ah I see... so 0.08 per month

~

Was staking for 1 year which gave me 2.0 and for 1 month, where I think I got 1.08... so I was wondering how much 4 months or a custom staking time would give... so 1/12 is about 0,08 - thanks ^^

[cyan kraken]

gm

any ILV maxis here?.... been away whats the pulse? we bullish long term still? Im all staked up have some to reset

[cobalt bobcat]

Good Morning - I ready to try some staking, but I am little confused on the staking options and what is the best return "in general" "risk/reward" is there a link that is best for the clearest answer? thanks!

[cunning perch]

Em, bullishness is pretty related to the individual’s feeling and hope. We are all here so are 200k more ppl, whether staked or not 🙂

[cunning perch]

Hey bud. There is a calculator pinned in this channel you can use to help you. But eventually all comes down to your own risk management. 🙂

[cyan kraken]

ya meaning long term,, plans are good,, pushing along kinda thing

just cathcing up... no insta gains been here for ever lol... just cant read everything all the time

[cunning perch]

2 betas + 1 alpha is out and Iluvatar will be next, so yeah plan is in motion as fast as it can. It can still take a year to the full launch, if not more. All plannings still need to be done taking risk management and a long-term view into consideration imo 🙂

[cyan kraken]

excellent,, yes takes time for sure.. great to hear!!

thank you

[cunning perch]

You are very welcome my friend

[cobalt bobcat]

That is a lot of information, but it is a beast, if there video on how to use it?

[cunning perch]

I believe there should be instructions written on the right side of the calculator, but if you had specific Qs about it, you can always ask Lelahel. (also watch out for scammers. All DMs are scams under whatever name)

[cobalt bobcat]

I have LINK, what is this Flash Pool about? I can stake my LINK?

[cunning perch]

No. Flashpools are done. Can't stake Link anymore. They were used as marketing tools

[cobalt bobcat]

ok

[vocal sigil]

Hey guys can someone please tell me the SLP token adress again i cant find it xD

[cyan rampart]

You can find it in #🔗〕helpful-links

[teal eagle]

Do I have to restake my ILV/ETH once the 12 months I staked for is up or can I just leave it and still get my APY?

[versed coral]

You can leave it to still earn

[teal eagle]

Do I earn at same rate as I was before?

[versed coral]

The APR is variable. Generally the APR goes down 3% every 2 weeks

[teal eagle]

Thank you

[strange wadi]

Hey Pelican. Are you able to assist me 'moving' my unlocked SLP (staked in v1) to a different wallet? I have bought a cold wallet in the last 12 months 😄

[cosmic bridge]

I can only seem to claim and deposit ILV by scanning the qr code on the website on my pc with my metamask wallet, i cant seem to do it on my iphone safari browser anymore, any reason why this might be?

[cunning perch]

First time I'm hearing this though I don't use phone for Crypto. Have you tried updating the browser and MetaMask on your phone?

[cosmic bridge]

I think my browser and app are up to date, the problem is it doesnt actually direct me to the metamask app to pay the gas fee anymore it just stays on the staking page and loads @cunning perch but works fine on pc

[cunning perch]

Hmmm, maybe a website-on-phone problem. Pinging @worn turtle in case we need to take it to the team.

Lol pinged the wrong Rich first and they had an Orangutan as PFP and I was like

[cosmic bridge]

Yeah seems to be just with phones as it works fine on pc, thanks

[gleaming karma]

hi,to whitdraw a v1 ilv i have to make 2 transaction's?
I accepted the first one and it goes ok then i rejected the second ( thinking it was a bug or the same trasaction ).
Now the ilv isnt on my wallet...
i have to start again?

[cunning perch]

Did you upgrade to V2? Also did you have enough gas for two TXs? Also make sure to choose ILV as rewards not sILV2 when withdrawing AND make sure your browser us updated and clear the cache. If it was persistent change the browser. This should work.

And ignore DMs they are scams under whatever name

[vapid mist]

DMs are scams

Mods and Team members will never DM you.
Never trust advice or links received in DMs.

Beta access, giveaways, and promotions are not given out via DM. Scams are designed to trick you into installing malicious software to gain access to your wallet or to convince you to enter your seed phrase into a website. Never give your private key (12 to 24-word seed phrase) to anyone.

Support is not provided via DMs

Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

Please follow the instructions pinned in #report-scammers to report bad actors so we can remove them from the server.

[gleaming karma]

ty i think i didint have enogth for the second transaction ( gas is high rigth now )...
Im going to try tonight

[cunning perch]

Sure 🙂

[fading bay]

Guys can someone help me solving an issue: 1 year ago i staked 1.5 SLP locked for 1 year: i used 1 eth and 3 ilv ( at that time ilv was $700 each ) . I'm about to claim back the orignal staking of 1.5 SLP . How can i convert them again in ETH + ILV ? What i'm suppose to receive back ? thank you

[cunning perch]

You can check the pinned messages in how to convert back and search “Zerion ETH/ILV” in Google to see the ratio of ETH/ILV in SLP

[fading bay]

ty as usual

[cunning perch]

[gloomy gazelle]

Anyone help you yet? I can open a thread.

[worn turtle]

Did you try using the in metamsk browser

[cosmic bridge]

Yeah

[twilit flare]

Hey guys, I'm not on twitter, but allegedly a friend saw keiran tweet out about "no staking rewards for 3.5 months should be interesting" about 24h ago. Is that true?

[lyric needle]

“Unlocking” is the key here. so less selling pressure.

Is a consequence of moving to staking v2. No one could stake or claim rewards a year ago for 3.5 months.

@twilit flare 👆

[twilit flare]

Ohhhhhh I see I seen yes I'm with you now! I forget rewards attract a 12 month period vesting therefore 12 month ago when there was a gap... thanks very much for your response!

[elder dawn]

I responded to Kieran on Twitter as well - basically, we just have a baseline daily unlocking of 7k seed & team tokens, though March 23-28, there will be about 330k tokens (about 55k daily) unlocking, which is mostly claimed staking rewards.

[twilit flare]

Thanks for the extra info! Love it:)

[digital narwhal]

72 days to be exact

Unless I'm missing something

[sacred cosmos]

https://tenor.com/view/whale-hellothere-hello-hi-hey-gif-4505186

[worn turtle]

Yeah I just tried with MetaMask in browser and mine connected to staking fine

[gleaming karma]

how much money this dude put to have a 216ilv reward xD

[gloomy gazelle]

Eth/ILV APY was over 1000% for awhile. So it need not be that much. Simply depends on when the claims were made.

[gleaming karma]

rigth..how much it's now?

[gloomy gazelle]

This was around December 26. Last I checked. It’ll be similar still. Maybe a little lower.

[valid cedar]

Question about sILV2 and old SILV
When people claim them as rewards does that burn equivalent Ilv and remove the same amount from total Ilv supply?

[elder dawn]

It reduces the total ilv amount ever to be created. Max was 10 million. Now it's 10 million minus amount of silv2 and old silv claimed.

[valid cedar]

What is the current total supply?

I guess I can check that easily… nvm

[sacred gorge]

What happens after emission epoch 78?

Also im a bit surprised that APR and APY for the ilv/eth pool are so close. Shouldnt ~65% apr compounded monthly end up being ~90% apy?

[gloomy gazelle]

The ILV/eth pool does not compound into itself. It compounds into the ILV only pool.

!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.

[valid cedar]

Nice. Is there a rough estimate of percentage of rewards that were claimed via sILV2/SILV vs ILV up til now?

[kindred radish]

Hi can someone help?
how to find the price of 1 SLP?

[lyric needle]

Check your last post in token 😜

[kindred radish]

thank you

if i buy SLP, i stake, then i sell SLP, i will get 50% ETH and 50% ILV the same amount i put in?

[lyric needle]

It’s a bit complex I would google “liquidity pool basics”

[lyric needle]

From the dune link pinned in this channel. Not sure the accuracy

[valid cedar]

Thank you 👌

[kindred radish]

better to claim silv2 or ilv?

[bright heart]

!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.

[blazing ridge]

After the slp unlocks wouldn’t that be how that works? 50/50 ilv and eth

[lyric needle]

yeah just not the same amount you put in. It depends on the price of the underlining

[blazing ridge]

Price changes in the tokens? I mean ofc but oh u mean like if one sky rocketed and one didn’t by the time u withdraw it would try to even split the dollar value among the 2 assets?

That would be way too complicated Imo

[lyric needle]

Just not as simple as I put $500 in and I expect $500 out (that would never happen). Also impermanent loss has to be taken into account... like you are saying with one rocketing and the other token not.

[open pike]

Is there a way to join multiple stakings, after their vesting period is over, without withdrawing and staking again?

[granite hull]

Hi. I am trying to withdraw from the vesting contract, but keep getting an error message anyone run into this and have luck solving the issue?

[elder dawn]

if you leave it staked, you will continue to earn. You don't need to withdraw and restake unless you wish to change the staking multiplier

[open pike]

So there is no disadvantage in having staked multiple times? What is exactly the staking multiplier?

[cunning perch]

You mean the vesting page on the staking website? What's the issue? (don't answer DMs, they are scams)

[elder dawn]

when you staked, you selected how long you wanted to lock your tokens for. that determined your multiplier. if you lock for the full year, your multiplier is 2. if you lock for 6 months, it's 1.5. this determines your APR

[open pike]

I wish I had staked them all for one year. Never mind, I'll just hodl and stake new amount for one year. Thanks for all the explanations, was really illuminating 🙂

[elder dawn]

you have the choice at this point if you do want a higher multiplier/weight. You can withdraw now and stake for a longer lock up period. entirely up to you, You'll continue to earn at the weight you first staked at. Cheers

[granite hull]

I get a notification that "cannot estimate gas; transaction may fail..."

[cunning perch]

Make sure you have enough gas, clear cache on browser and walet, update browser and wallet, change the browser if you have to, choose ILV as reward. One of these should work.

[granite hull]

Thanks

[proud rain]

If you vested and the 12 month period is up and you want to continue vesting do you have to claim and vest again or does it contiune vesting?

[cyan rampart]

Once a staking deposit has unlocked, it will continue to generate yield rewards and be eligible for revenue distribution.

You do not need to re-lock.

[proud rain]

great, thank you!

[keen crest]

Does anybody know where to look up the ratio of ILV to Eth in the SLP pool atm , thanks?

[dense bear]

Zerion sushi ilv eth pool slp has a breakup of value/ratio

[dawn ledge]

Will there be any more land sales?

[worn turtle]

Eventually likely yes once they are needed but community will need to vote for that

[dawn ledge]

Oh kk ty

[drowsy wigeon]

I staked SLP and ILV only last year.. my tokes are now unlocked but I haven't withdrawn. Is it still contributing to the total token weight? Or is it just sitting there ?

[final steppe]

Yup, the staked deposits and rewards will continue to earn yield at the same token weight after unlocking 🙂

[drowsy wigeon]

is there any way to mass withdraw ? or Do i have to spend gas per withdraw?

[final steppe]

If you've done many claims for ILV rewards, you can mass withdraw them if they have unlocked by clicking the checkbox to the right of the rewards before clicking "Withdraw."

Staked Deposits must be withdrawn one at a time though, as far as I know.

[drowsy wigeon]

got it thanks!

[gloomy gazelle]

Actually, I feel like I remember withdrawing two of my deposit say the same time. Now I’m gonna need to dig into my tx data to check.

It seems I was wrong. My recent transactions on the staking webpage seem to show two separate transactions.

[fickle rampart]

What’s the difference of staking iLV &. Staking siLV / eth pool ?

Which is better

[wicked flicker]

For me longtherm ilv Pool because i want to have the rev dis

And the high apy in slp is allready gone

[fickle rampart]

Are the benefits the in game give u the same

[wicked flicker]

No ilv is Not a Game Token its governance

[fickle rampart]

It’s confusing

[cyan rampart]

!ilv

[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 sILV2). 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.