🥩〕staking

[gloomy gazelle]

Do you want sILV2 or ILV?

Claim what you want.

This is how it works.

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.

[fickle rampart]

Ilv…. But it kind seems like I can’t claim .. u guys keep my rewards for 12 months .. so what’s the point of allowing us to stake for 1 month

[gloomy gazelle]

Because you can withdraw your deposit after 1 month.

It’s the rewards only that have the 12-month vesting period

[fickle rampart]

Y deposit if ur goin to keep the rewards for that long … I’ll be better off taking my ILV to a uniswap or sushi 🍣 pool … that don’t make sense

[gloomy gazelle]

The rewards claimed as ILV keep earning during that time. As does the deposit if you don’t withdraw.

[gloomy gazelle]

It’s how the contract works to prevent short term token dumping.

[opal ingot]

Hi how many fees we have to pay for stake and unstake ilv plz

[fickle rampart]

U guys gotta let us enjoy rewards for letting u hold our $ …. And the mandatory staking times stop the dumping in the first place

[gloomy gazelle]

Around 200,000 to 250,000 gas limit. Times whatever the gwei is.

[opal ingot]

that means how much in eth sry for my noob question

[gloomy gazelle]

Well staking has been live for a year and a half. Supply would have doubled in the first month of staking if there was not a vesting period for the rewards.

[gloomy gazelle]

I’m saying it depends on the gwei price.

!gas

[woven ibex]

GAS fees are an important thing to consider when it comes to transactions on the Ethereum Mainnet. Optimal GWEI can be found by checking the Gas tracker bot in the discord member list and by checking historical gas prices here:

#🔗〕helpful-links message

[gloomy gazelle]

So I just checked etherscan. The most recent deposit made to the eth/ilv pool cost $5.56 in gas.

[opal ingot]

it's the same for ilv only pool? cause i was calculating from https://etherscan.io/gastracker#historicaldata if 19gwei costs 0.55$ so 200kgwei costs one arm?

[gloomy gazelle]

So the thing with Ethereum transactions is that there is a GAS LIMIT and the GWEI price

You take the limit and multiply by the price.

The most basic transaction will have a 21,000 LIMIT x gwei PRICE

[gloomy gazelle]

So 21,000 x 18 GWEI is about $0.55

A transaction with 200,000 LIMIT will be close to 10x that cost.

[opal ingot]

ok thank you

[gloomy gazelle]

So basically if gas price is around 20gwei it’ll be around $5 to deposit or withdraw. But even that is at current ETH valuation.

It’s not exactly a simple calculation. There’s 3 variables.

[agile fiber]

I helped someone stake back when it was V1 and apparently they never claimed since then (about 11 months ago)
Now when they go to their dashboard, everything displays 0
How can I help them migrate to V2?

[fickle rampart]

So I found out my coins weee in sushi 🍣 swap …!

When u pool ur tokens … they go to sushi 🍣 & u got more rewards putting it in sushi 🍣 instead of staking it

So y stake them … smh 🤦‍♂️

[brisk surge]

The main thing they need to do is the 'upgrade' which allows the V2 contract to read their V1 stake.

The stake should show up on the dashboard either way though. Make sure they are using the right wallet, and are on the right network. Sometimes clearing the cache on the browser helps as well.

[gloomy gazelle]

Are you certain? Sushi rewards for liquidity providers is paid in $sushi tokens and has not been close to the same apy as what illuvium’s eth/ilv lp rewards pool has been.

[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.

[gloomy gazelle]

I see what happened. The sushi apy has gone up since the DAO pulled it’s treasury liquidity out of the sushi farm and the LP.

[fickle rampart]

Stop bragging

[gloomy gazelle]

The sushi rewards probably don’t require 12-month lockup for the top apy. The sushi rewards are probably locked in vesting when claimed too.

[gloomy gazelle]

I don’t understand what I’m bragging about. I’m just sharing data with the community

[fickle rampart]

Yes they take ur rewards for 12 months … life isn’t promised homies … 12 months is to long

[gloomy gazelle]

Pending Rewards can also be claimed as sILV2 and those are received in your wallet immediately. But, sILV2 is not trading at the same value as ILV. sILV2 is more like a gift card for using to purchase things from illuvium.

[fickle rampart]

Dam … what u mean

How

[gloomy gazelle]

Did you read this earlier?

[fickle rampart]

Ya I seen that but I don’t want to be annoying and keep asking how …

U guys don’t like noobies to much …

[gloomy gazelle]

That’s not really it. It’s that we don’t enjoy being told we are doing things wrong by those that don’t know how things even work. I’m happy to help.

This article explains how and why staking works #🥩〕staking message

[fickle rampart]

Ouch 🤕… lol 😂. Understandable

[gloomy gazelle]

This old video is a walkthrough showing how the transactions actually worked. It’s a different UI now. But it’s still pretty similar. #🥩〕staking message

Probably starting at the half way point. For something that might be useful

All of this stuff in pinned in here.

[gloomy gazelle]

Technically you would have had to choose to deposit them for the sushi rewards. But that would be a natural next step if you were not planning to do illuvium staking.

[fickle rampart]

I did both … 🙄. Stake and pool . I made more off the pool and put in less

I think I might put it all my lil bit in the pool this time …. And buy more iluv b4 price sky 🚀

[ruby berry]

Im 100%ilv average price is 46.

[fickle rampart]

I’m sure it will past the all time high when Russia chills out and the world 🌍 has money again

[barren valley]

Hey, can anyone tell me what happened to the 5 ILV i had staked?

[cyan rampart]

Is it showing up in the staking dashboard when you've connected your wallet?

[barren valley]

It's only showing the amount that I had collected in rewards.

[cyan rampart]

The next step would be to look up your wallet address on Etherscan and confirm whether any transactions had been done to unstake.

[barren valley]

It says there was a transaction a week ago, does this mean my account has been compromised? 🤔 or would this be on the illuvium side of things?

[cyan rampart]

It certainly could be. Illuvium can't do transactions using your wallet. Your private keys are the only way to access your staking deposits.

[barren valley]

Damn, that's rough. Took me long enough to find where I wrote down my keys, wonder how that's happened. Is there anything I could do, or do you think it's long gone?

[cyan rampart]

Let me make a thread, we can chat more. DMs are scams. I will say, anything transferred out of your wallet is no longer under your control, and there's nothing that can be done to change that.

[agile fiber]

Yeah the upgrade and stake do not show up and I've made sure its on mainnet.

Still nothing

[gloomy gazelle]

if they need to upgrade then This may have something helpful #🥩〕staking message

[gloomy gazelle]

Can you check the address on etherscan to see what it’s done? If you want some help checking I can setup a private thread.

[agile fiber]

Yeah I can send it to you in a private thread. But last trx shows staking so it’s sitting somewhere in ILV ecosystem. I thinks it’s just a visual thing that I can’t see it.

[deep plinth]

QQ, once the Illuvium games come online and start up revdis, don't we expect that over time some staking wallets will become inactive and continue to absorb more tokens that kind of just sit there perpetually? Maybe it should be a small enough amount that we're confident it won't matter?

[ruby berry]

Hi! Is vesting period always 12 months?

[cunning perch]

For ILV rewards, yeah. For your locked deposit, depends on the lock

[ruby berry]

Thanks! Whats the minimum lock period? I forgot, a friend of mine asked me.

[cunning perch]

No worries. Min is 1 month, max is 12

[ruby berry]

Thanks!

[brisk surge]

It’s a good thing for stakers over the long term. As tokens get distributed to inactive wallets those tokens are effectively burned and reduce the supply in circulation.

[deep plinth]

Yeah I'd like to think so as well. The scenario implies that the circulating supply will continue to reduce approaching zero. As in it would be a matter of time (the more rev dis and the more inactive wallets the faster). Seems there'll be a point it goes from being a nice reduction in supply to an alarming reduction in supply.

[craggy field]

Supply in circulation... but those wallets will still continue to get revdis. Id rather see those wallets having to do a transaction to interact with the site before they continue gaining revdis. This way the team is ensured to send their revenue to active accounts.

I think it would make sense to add a clause that enforces people to claim revdis once a year when the games come out. People should be claiming at a somewhat regular interval, because the rewards dont gain additional revdis and if you invest in something, you expect to make a return right?

After staking has successfully been moved over to L2, the gas fees may be low enough ( 0 ) to allow for regular claiming. Even if you have barely half a token staked. 👀

[cyan rampart]

I'd argue that there's no practical amount of supply reduction that would be alarming.

[proud osprey]

Thanks for the quick reply, yes they are V2 and now that I know that it can be done I will buy a ledger for longer term security of my coins and go from there. Appreciate your help 🙂

[small island]

how long until the yield farming is exhausted ?

[small island]

when is the last epoch ?

[bright heart]

Do the math. It won't kill you.

[median canyon]

What if they are allergic to math?

[white cradle]

i believe one of the mods previously had said that the original supply of ilv will be exhausted in June of 2024. not sure why that's a hard question for the mods to answer. or why you would get people criticizing you and telling you to do the math yourself. You had a simple question with a simple answer. There is no need to be condescending.

[ruby lily]

Do you still receive rewards on the ILV/ETH pool after your rewards are unlocked?

[candid kettle]

yes

[elder dawn]

Yes - June 2024

[native delta]

Will stakers get revdis for market fees from illuvitars and land?

[final steppe]

Yes, the ETH earned from IlluviDex trading fees will eventually be part of RevDis for ILV stakers as well. The contract address with the ETH from trading fees is pinned in this channel as well (by Pelican, I believe)

[native delta]

How often will those be distributed?

And when will they be distributed?

[final steppe]

I'm actually not too sure about the trading fees, to be honest. Council passed IIP-22 (link in #📰〕governance-news ) which outlines the methods for RevDis from the Vault.. but how/when the trading fees get added to Vault, I don't know.

I'll see if I can get some more info or find someone who might have some details about that.

[native delta]

Great thank you. Can you also ask if there will be a snapshot for those as well?

[gloomy gazelle]

There would not be a snapshot.

[gloomy gazelle]

At this point all I’ve heard is that it’s not very much eth from the fees yet and not enough to merit moving it to L1 and running revdis contract for a few cents per ILV.

[native delta]

That makes sense. But in the future there is a plan to distribute those fees to current stakers?

[gloomy gazelle]

It would get distributed to whoever is staking when it gets distributed

[elder dawn]

As revdis is more manual at this point, there needs to be a meaningful amount to justify the effort. Right now, there's about $365k in ETH from fees (IMX wallet 0x9989818ae063f715a857925e419ba4b65b793d99), so it would be about $0.05 per ILV (0.0007 ILV) if distributed right now.

[past spoke]

Can someone please explain to me the difference between ILV and sILV2? I'm a bit confused what the benefits are?

[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.

[cyan rampart]

sILV2 is more like a gift card for gameplay or sales conducted by Illuvium. sILV2 carries the value of ILV when spent within the ecosystem. It doesn't have any of the properties of ILV - sILV2 cannot be staked, it's never eligible for revdis or yield farming etc. The only purpose of sILV2 is to be spent.

[west tartan]

sorry, my question is old - what happened to flash pools? and what happens to the staked flash pool coins after the flash pool ends??

[ember ginkgo]

Replied in different channel

[pseudo minnow]

What is the total supply of ilv right now? This is only estimated… what’s the right number of supply right now?

[ember ginkgo]

4,327,417

[pseudo minnow]

Yeah this is know just want to know what’s the real total supply of no silv2 will be minted anymore… is there a number or amount I can see ?

[ember ginkgo]

I don't understand your question. You want to know what the total supply will be in a year but an estimate is not good enough? Do I understand this correct?

[pseudo minnow]

Sorry for this 😅

[ember ginkgo]

You don't have to say sorry, I'm just trying to understand what you are asking because I'm not sure 😄

[pseudo minnow]

I just want to know the total supply if no one will ever mint silv2. The estimated supply is the silv2 minting included. So I mean if no minting anymore what will be the total supply… u understand? 😅 sorry difficult for me to explain it

[viscid otter]

so max supply - all ever minted silv2

[ember ginkgo]

Total supply would have been 10 million without sILV2
1 million is for in-game rewards

[elder dawn]

So far, about 350k silv2 has already been minted, so if no one ever chooses silv2 again, max ilv is about 9.65 million.

[pseudo minnow]

Thank u 🙏 I should have asked how much silv2 was minted till now sorry fraggy

[ember ginkgo]

Oooooooh

😅

[ivory canopy]

Would I still be receiving rewards from a deposited stake from July 2021 that has passed its withdrawal date? Its on V1

[candid kettle]

even after the lock time is over, the staked tokens continue to receive rewards and revdis with the initial weight

[ivory canopy]

Thank you!

[hushed valley]

https://tenor.com/view/slicing-medium-rare-steak-meat-zesty-gif-14523788

[odd crown]

Hey experts - trying to dig through these pins to understand my options... What is the difference between sILV2 and ILV? I'm sure this has been answered a thousand times and if so-- just link me to where to read.

[brisk surge]

#❓〕faq

[odd crown]

Is there any advantage to grab sILV2 vs ILV when redeeming rewards? Seems like you go ILV, you get the best of both worlds but with sILV2 you are stuck with in-game currency only

[quick dirge]

ILV is locked for 12 months after redeeming, sILV2 is unlocked right away if you need liquidity

[odd crown]

Fair enough, thank you

[gloomy gazelle]

!claim

[woven ibex]

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

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

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

[odd crown]

Thank you @gloomy gazelle

[covert hedge]

will the staking rewards be distributed automatically when staking period ends? (As of now after 4 months my rewards are worht the same as the gasfee to claim. will the gas fee for staking ever get lower?

You claim those rewards whenever you deem the pile to be big enough to justify gas fees... i mean what if this is like...never 😦

[elder dawn]

Gas is considerable lower now than it was is staking v1.
That said, wait until you have enough rewards for you personally to justify it and look for low gwei periods. I've claimed for under $5.
If not, you can always just let it go and claim when staking rewards stop in June 2024.

[covert hedge]

olk thanks a lot... that was useful information... 5$ i can justify 🙂 so far lowestr ive found is 13, but will keep an eye out

[elder dawn]

look for weekends (Friday night late or Sunday early US time) - tends to be lower gas fees. good luck

[native delta]

I have some single staking ILV for a year. I plan to stake more. Would you recommend doing more single staking or eth-ILV with the current apy? I understand impermanent loss

[elder dawn]

thats completely a personal decision and depends on your risk tolerance and expectations. personally, i have some of both, but that's what works for me

[native delta]

Do we still get revdis in the eth/Ilv pool?

[native delta]

My risk tolerance is high and I am optimistic about the project

Obviously nfa

[elder dawn]

the ILV portion of the SLP is eligible for revdis. Obviously this number changes as the ratio of tokens changes. As for a brief pros & cons - you know impermanent loss, but that is a big one right now depending on how ETH and ILV diverge over the time you're staked. Rewards are still higher for the LP, but that depends on if others join/leave the pool since the number of rewards is set (and decreases by 3% every two weeks). The LP also benefits from swap fees, but that is a relatively small number compared to staking rewards currently. Revenue Distribution is another strong consideration, though with the current IIP and safety pool, that may not be as big a pull to the ILV only side. Again, your call on where you think things are going with token prices, revenue, and participation of others since you'll be locking your tokens for between 1-12 months.

[wind isle]

Any idea on how get a current price of 1 SLP token?

[elder dawn]

$793 - zerion.io, search ilv/eth

[wind isle]

ty @elder dawn

[native delta]

Does the apy reflect the total slp (eth and Ilv) or just the Ilv portion that is staked?

[gloomy gazelle]

Total usd value of deposit compared to usd value of rewards.

[native delta]

How do you pool eth and Ilv?

Use sushiswap?

[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.

[candid kettle]

yep, sushiswap

[native delta]

Thanks

[slender imp]

Hello guys, just want to ask if this V1 generating rewards, if not what should I do?

If I withdraw this and restake again will I still get the same weight of 2.00?

[final steppe]

Did you upgrade your pools to V2 way back in March/April last year?

If you did, then you're fine 🙂 Any staked deposits and rewards are continuing to earn rewards.

[slender imp]

I think yes but how can I confirm this in my staking view?

[final steppe]

It would actually be that white V1 symbol, as far as I know. So you should be good.

Also, if you're on the Staking "Dashboard" tab, you'd see a big button at the top saying "Upgrade pools to V2" or something like that.

Ah, here are the buttons:

[slender imp]

I see, thanks for this confirmation man, yeah I remember that I did that way back

[final steppe]

Perfect. Than yeah, your deposits/rewards will continue to earn rewards until you withdraw them 👍

[slender imp]

Alright, thanks again 🍻

[minor basin]

ummm… I don't understand ,for 1 SLP we need 1eth + like20 ilv, 1 eth already worth 1600, why 1 SLP price just 793?

and what if I make an exchange for 1SLP back to eth+ilv2 , do I still get 1ETH+ lIke 20 sILV?

[gloomy gazelle]

You don’t need 1 ETH

that SLP is for ETH/ILV

Not sILV2

[final bobcat]

You'll get $793/2 worth of ETH and $793/2 worth of ILV

[gloomy gazelle]

It depends on impermanent loss. Meaning the change in price of eth and ILV in relation to each other.

[minor basin]

along time ago did the SLP swap , almost forget everything ,I thought 1 SLP =1ETH+ 1ETH worth ILV

[gloomy gazelle]

sushi liquidity tokens are always a moving target. There is never set amount of either token that is used to make the liquidity token. But we can always provide whatever amount of eth and ILV and we will get back the proper amount of SLP tokens.

[minor basin]

have learnt ，thank you

[green pulsar]

Hello, previous i was able to log in and see my ILV balance in portfolio staking

I dont see it at the moment @gloomy gazelle

I can see the amounts locked in vesting don't see the amount in the portfolio, also sILV2 rewards can be claimed and separate from vesting compounded rewards?

[green pulsar]

<@&821154860816793604>

[worn turtle]

Will start a private thread for you m8

[regal marten]

I heard there is a possibility to transfer your stake to a different address some time ago. Is that something that’s available from the staking ui somehow? Can’t seem to find it.

[cunning perch]

It's not on the UI for security reasons.

Rich can help you if you wanted to know how.

[worn turtle]

Will add you in a thread

[bright heart]

It was a bit convoluted and had to be done on account that hasn't used v1 staking or something like that.

[raw basin]

need help not sure why but my ilv tokens i claimed today are still not in my portfolio and is still saying claiming rather than claimed? and its been about 5 hours and on etherscan it says success and eth was taken out of my metamask for the transaction

[quick dirge]

hey, did you tried to clear you cache? (it will not show up in your wallet cuz you still have this 12m period lock, but when you clear the cache you should see it in vesting 🤞 )

[raw basin]

yeah i get the 12 month lock up but is not started vesting, ive never had to clear my cache (not even sure what that is) and i have been claiming ilv for nearly 2 years now

[ember ginkgo]

You don't see them on the vesting page?

[raw basin]

I had a 137 ilv then went to claim 14.87 ilv, now my pending rewards have gone to zero but it still says 137 ilv as total

[ember ginkgo]

Did you check the vesting page

[raw basin]

yes and its not on there, also it still says claiming not claimed on my recent transaction history

and on etherscan is says the transaction was a sucess

[bright heart]

A stake a day keeps mediocrity away.

[sage crescent]

I also staked.

[gloomy gazelle]

So clearing your browser cache is a lot like clearing your browser’s cookies (done in the same settings place). But it deletes the data saved in your browser. It helps for many web3 problems especially because the data involved changes regularly due to blockchain changes. Which could be exactly the reason why your transaction’s success is not being reflected on your staking page.

If that does not work let us know and we can open a thread in #❓❗〕community-help to figure this out.

[raven mountain]

Does staking give any privileges in the game?

[final steppe]

The rewards earned from staking can be claimed as ILV tokens or sILV2 tokens.
ILV does not provide any sort of in-game use case but sILV2 can be spent in-game for those who don't want to spend ETH.

[raven mountain]

that's great. thanks for the reply.

[final steppe]

No prob! And keep in mind sILV2 cannot be staked or earn additional rewards. That's all done with the ILV token ⬇️

[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.

[raw basin]

thanks looks to have been sorted now

[short heart]

NFA but is $10 in gas for staking rewards pretty expensive? last few claims ive got it for $2-5

[cunning perch]

Gas has been high for a few days now (around 30 GWEI). Compared to last summer, it's cheap since we were paying $60+ to claim the rewards, but compared to a few weeks ago, it is expensive. You have to decide if it's a good time to claim compared to the size of your claim

[short heart]

thx Arash, you've confirmed what i thought. im going to wait as my stake is tiny, so it kinda decimates my ROI.

PS is your PFP from Civitas? alot of my friends from Wildfire are bullish on that project

[cunning perch]

Yep. Civitas is def a project I'm closely following 🙂 I believe if ppl like Land Play, they will love Civitas haha

[short heart]

def gonna keep my eyes on it! will have liquidity to invest again later this year, hoping prices for entry remain friendly 🤞

[cunning perch]

haha it's def off topic but I think there are 30 NFTs left on OS Hope to see you there my friend

[boreal pier]

there is not a way to change address from the address I staked from is there? I wanted to use a more secure address, but I am afraid this is not possible...

[cunning perch]

Do you mean moving a locked ILV to another address?

[boreal pier]

yes

[cunning perch]

Maybe @worn turtle can help you.

[worn turtle]

Yeah got his dm

[quick socket]

Are there any plans to move the staking platform to something much cheaper like polygon?

[gloomy gazelle]

Not polygon. Possibly IMX L2 eventually. But that won’t be until after July 2024 at the soonest.

[pale stump]

how to decompose slp?

[gloomy gazelle]

#🥩〕staking message

[timid birch]

What's minimum SLP stake?

[cyan rampart]

There's no minimum, but be mindful that staking costs gas, claiming rewards costs gas, and withdrawing deposits costs gas. For that reason, very small SLP stakes may not be worthwhile.

[timid birch]

Thanks, for the info, appreciate it.

[minor basin]

Q： about sushiswap, are we using app. sushi • com (link from illuvium website) or we using 3w.sushi•con which I found on Twitter for now?

and I was use app •sushi•com from illuvium linked worked well but right now if I searching silv2,the icon become a question mark (?) ,also I find a notice on top said "Kashi 1.0 is being deprecated" is this means that we need use 3w.sushi•com? (ask me connect my wallet, and if anything as me that i MUST know what is that )really confuse right now ,hope can get answer from community

[candid kettle]

the sILV2 pool is on uniswap, it is not officially supported.

sushiswap is used to make SLP token

to put in stake on the official website

[minor basin]

not answer my question . I already staking almost a year.

[candid kettle]

what do you want to do?

specifically

[minor basin]

there is two different website app. or www.
what is different and which one should I use right now

and "Kashi 1.0 is being deprecated" what is that means ?

[minor basin]

just check my silv2 on sushi,not really to do something right now

[candid kettle]

app.sushi is the website

sushiswap does not swap sILV2

[minor basin]

OK thank you

[candid kettle]

you won't find the token there

the pool is on uniswap, you can find it by putting the token contract in the search there

[minor basin]

got it , never swap my silv2 yet , I know 1 inch can swap silv2. I was used sushi swap my SLP ,so I thought I can find silv2, thank you for let me know

[candid kettle]

you can find sILV2 contract at #🔗〕helpful-links

[minor basin]

yeap ,thank you again! glad have you guys in this community

[candid kettle]

Kashi is a lending and margin trading platform built on top of BentoBox

the sushiswap team will deactivate it soon

[minor basin]

so nothing effect about illuvium token (like SLP) right?

means basically I don't need worry about it . thanks again

[candid kettle]

yep

[minor basin]

[slender palm]

Can I stake my ILV and provide liquidity with it at the same time?

[cunning perch]

You can stake ILV AND provide liquidity to the Sushi pool with another ILV/ETH and stake the resulted in SLP. There are two different pools. You can't stake the same staked ILV in SLP as well

[deft verge]

Would love to hear from others if you think its still worth it to lock in tokens in the eht/ilv pool ? I know NFA, but also with impernenat loss, can i see this anywhere how many token I might have lost due t IL ?

[deft verge]

Can i see how many tokens I have lost due to IL?

[cunning perch]

I believe you can, though I have difficulty remembering the website name. Maybe @cyan rampart knows.

[deft verge]

cheers

[deft verge]

Do you think still worth it to add to the eth/ilv pool ?

[cunning perch]

SLP will have a higher APY compared to the single asset pool and will be live until July 1st 2024. ILVs receive a lot of RevDis since they don't have ETH but we don’t have RevDis atm either. It's a choice you have to make really. I personally can't say if it's worth it for you or not.

[deft verge]

I thought we do have redvis ? I saw it on the dashboard once but now gone ? Yes i know the pools are higher with eth, thansk

[cunning perch]

Yes it's there on the Dash and we received Land RevDis already. Next one will be Illuvitar sale RevDis and then we won't have any until games go live

[deft verge]

So the tokens in the straight ilv pool will get more revdivs than eht pool ?

[cunning perch]

It's not more/less. Depends on your staking size. ILV pool gets full RevDis but SLP doesn't since it is part ETH and part ILV. The ILV part receives it. You have have 5000 SLP and only ILV parts of it gets RevDis

[deft verge]

so when game launches the eth pool will go away and the ilv pool will stay and then rewards will just be rev divs ?

[cunning perch]

If games go live this year, Yield will still be live. But eventually Yield ends for both pools and only RevDis remains, unless everything changes with approved IIPs.

[cyan rampart]

You can use this calculator. It's worth noting that you haven't lost any value to IL until you withdraw your liquidity position. #🥩〕staking message

[cunning perch]

Thanks Blickter

[lethal lily]

Hey there. My daily earned ILV seems low, more like 53% APR than the current 75% it's showing on the stake page. All my deposits have the full 2.0 weight. Can't figure out how bad my math is exactly. If I would have 1000 dollars in the ILV/ETH pool with 2 weight/12 months lock up and 75% APR, should I not be receiving ~ 750/365 dollar daily? Have searched for a calculator to clarify but to no avail. Thanks

[dense geode]

it has most likely something to do with the Emission Schedule, rewards get lower over time since there is less ilv being handed out each epoch, with a steady emission in the last parts.

[elder dawn]

It sounds like you should be correct - the formula for SLP staking is daily rewards (in ILV) = (APR x current value of your SLP in $) / (365 x current ILV price in $). This should give you about what your daily rewards are (in ILV tokens).

[lethal lily]

Hmm alright thanks...then as far as I can tell the 75% APR is incorrect, or something is not working right with my slp position. Nobody here accumulating with much less than 75% apr? Fubar - could be something like that but I take it the APR is adjusted accordingly?

[elder dawn]

I used to track rewards daily, but haven't for a few months. I'll take a look at my numbers to see if it's different for me as well.

[elder dawn]

Some quick math, presuming the ILV pool APR is correct and the dashboard ILV Earned Daily is correct, I'm getting about 55% as the current SLP APR. I'll track to see which is correct, or wait to see what Pelican shares here 😛

[gloomy gazelle]

I believe there is a problem with the way the APR/APY is displayed/calculated.

It’s been noticed and brought up awhile back now but no real updates as to how or why.

The actual emissions are correct.

[lethal lily]

Alright thanks for the info and for the check Deraji. I already tracked for a day and a half and got around that 55% as opposed to the 75% so I am guessing those numbers on the staking page are off

The daily earned number is correct in my experience at least. Or is that what you meant Pelican?

[elder dawn]

yeah, APR is really an artifact of how rewards are distributed - there's a fixed amount daily that gets distributed per pool. that has consistently been correct, though there have been challenges in the UI on the APR calculation. Right now, about 1567 ILV is distributed daily to eligible staked SLP tokens. That's the true rewards - APR then depends on how many tokens are in the pool and their weights

[lethal lily]

Cheers and all good, just was wondering since it was quite a difference. And because I restaked my unlocked position for another year without the need to do so haha. Was wondering if something errored. Have a good one

[elder dawn]

you too!

[stark hedge]

if my 1 year staking of ILV is over do i need to withdraw to stake again or just leave it?

[cunning perch]

YOu can leave it in if you don't wanna cash out. They still get Yield and RevDis

[stark hedge]

ty im laving it in

[shell peak]

Which exchange is the ILV/ETH LP? And is the rewards sILV or ILV?

[gloomy gazelle]

!lp

[worthy lark]

SLP Pool

To provide liquidity in Illuvium, you will need to follow these steps:

1. Purchase both ILV and ETH.
2. After approving the Sushi contract, stake a 50/50 ratio of ETH and ILV.
3. Receive SLP tokens (you can view these tokens by adding the SLP contract address to your wallet).
4. Use the Illuvium Staking App to stake the SLP tokens and set your lock period.

For official links, refer to the #🔗〕helpful-links

[gloomy gazelle]

?claim

[worthy lark]

Claiming Rewards

When you stake ILV in yield farming, rewards will start accumulating for you. However, you'll need to manually claim these rewards and pay for the GAS fees of these transactions.

You can choose to claim the rewards whenever the pile is big enough to justify the gas fees. If you claim sILV2, it will be unlocked right away and can be used in-game as a substitute currency for ETH outside the marketplace and the Leviathan Arena. If you claim ILV, that batch of ILV will be locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effects. And the process starts over again with new rewards accumulating.

Please note that ILV paid out as part of Illuvium’s Revenue Distribution must also be claimed, but they are not subject to a locking period.

[shell peak]

Oh thx bud. Didn't know I could do that.

[gloomy gazelle]

It’s on sushi

[shell peak]

So you LP ILV/ETH and earn SLP, and then in turn can stake SLP?

What are SLP tokens?

[gloomy gazelle]

Sushi Liquidity Provider tokens

?token

[worthy lark]

Token Address

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

[gloomy gazelle]

LP to get proof of your LP. That’s what the SLP tokens are. Proof that you have provided liquidity

[shell peak]

Ty

[deft verge]

So when we claimed it gets locked for a year ....what Apr do we get on the claimed ilv, is it the like 6 percent ?

[brisk surge]

I hope you could take a look at this issue 🙏. I have the exact same APR of ~50% for months. Quick math: 1567ilv / 84332slp (assuming all at 2.0 weight) * 82$/ilv / 792$/slp * 365days = ~70% APR. However, we only get ~50%. I hope you could help sort this out. 🙏

[brisk surge]

I am in the same situation. Hope Deraji would be able (have time) to look into this.

[elder dawn]

I have the same data as you have access to. Sounds like pelican mentioned the team is looking into it.

[brisk surge]

Yes, but you are also a math/analytics wizard.

[elder dawn]

I'll take a look 🤣

https://tenor.com/view/math-hokage-math-wizard-gif-3543661

[brisk surge]

You are the best!

[deft verge]

So when we claimed it gets locked for a year ....what Apr do we get on the claimed ilv, is it the like 6 percent ?

[gloomy gazelle]

Since the rewards are ILV then they get staked in the ILV only pool. Which is like 7% right now.

[deft verge]

Yes yes thanks

[tulip folio]

Honestly don't bother with the APR/APY. It's a useless metric. It's based on the dollar value of the tokens at the time that you stake, but the dollar value of the tokens change wildly from when you staked, when you claim, and when you unlock a year later.

If you stake $1k when APR is 50% but token goes up 10x in one year, you actually made 500%.

Just figure out the amount of ILV tokens you are accruing yourself and then make your own estimates of what you think token value will be in the future. Your guesses, while inaccurate, will probably be more accurate than the APR/APY on the site.

[brisk surge]

I consider Illuvium to be the best project in blockchain gaming. And suggesting a hand-waving attitude to inquiring users about the staking ARP, which is an important component of the project, is not professional. I am confident the team/community will solve this quickly, but IMO a response saying "team is looking into it" is better than "don't worry, it is a useless metric".

[gloomy gazelle]

Perhaps if someone as awesome as a council member brings it up then perhaps the team will move from looking for a few months now to doing something about it.

[brisk surge]

100%, i have no doubt. I was just commenting Keiser's message.

[gloomy gazelle]

I’m salty. Not you.

I’ve never been super happy with the displayed APR/APY. Even after the upgraded version.

https://illuvium.io/news/43-how-to-stake-ilv-eth-on-illuvium-staking-v2

[gloomy gazelle]

https://illuvium.io/news/42-all-you-need-to-know-about-staking-v2
https://illuvium.io/news/28-everything-you-need-to-know-about-staking-usdilv

[tulip folio]

Apologies if that's how it came off. My point is even if the metric is "accurate" it's still not very useful because it doesn't mean what most would think. I don't believe I was saying "don't worry" so much as "here's a better way".

I have this opinion because I've been in this channel asking and answering questions for a year and a half doing the math and have seen a pattern of confused people talking about plummeting staking APR (more than what is expected from epoch reductions). People see the APR swing and put a lot of stock in it, even though their accrued ILV is exactly the same.

TBH though I'm not sure it's any kind of priority so telling people the team is looking into it could be inaccurate too. With releases imminent and lower yield since we're closer to the end than beginning there's not a lot of interest in SLP anymore. I think most people that've been here and been staking don't even look at it.

So from team's perspective they might just have higher priorities.

[elder dawn]

Awkwardly, I feel the same. Obviously i was super into tracking staking for a long time, and I wrote my article "why apr is dumb" in September 2021. It hasn't gotten better, but it is the common way of comparing across staking projects.
The current discrepancy goes beyond that though.
I'll bring it up, but I agree priority needs to be the gaming products. I'm not a fan of inaccurate information though.

[olive seal]

Hi guys, I have a question. I bought 2 ILV token around 21' March and I vested it at 22' March cause I was excited but if I'm not wrong that was a stupid idea, cause I paid gas at this time, and for that low quantity (2 ILV token) the gas is probably is more than what I earned with that vesting... But now as I see I could withdraw my previous 2 ILV token (for gas fee again as far as I know) and I earned extra 0.19 ILV with that vesting which I could withdraw for ILV or sILV2 but both ways I have to pay gas again :/ Is there any way that I reinvest without taking it back to my wallet or is there any way to collect sILV2 without paying gas if im gonna use it in the game?

One more sorry for I have lack of information but I can understand it way easier if someone explains it by experience... So I have now in the "Vesting" tab 2 ILV token which I could withdraw, I have at the "Rewards" tab 0.19 Pending reward as ILV or sILV2 and over the top of that I have 0.012 ILV Revenue Distribution which could be claimed. So my question is I could claim all of them and recive the amounts immediately or any of them have a wait time to recive if I claimed them? And how do I earn revenue distribution? I just have to hold ILV token or I have to Stake it and only during Staking time I get Revenue Distribution? If I just have to hold ILV token does this time count as holding when my Tokens not at my wallet cause they are pending at the website tabs which I mentioned? I so appreciate any information guys! Have a lovely day ❤️

[steady trellis]

@elder dawn At your demand my friend, maybe something to look into with @midnight geyser

I havn't checked my real rewards in a very long time so can't secure my calcualtion.

Any anyway, can't spend much time right now to check more if I'm wrong and where I'm wrong.

But I hope I'm wrong...

[elder dawn]

Thank you, sir. Very quickly looking at this, it feels like a web side issue, but involves pulling blockchain data.
From a community engagement standpoint, the biggest issue is reported apr being higher than reality.
I'll keep looking into this, but it would be great if there is a formal team response or disable the incorrect information from displaying until resolved

[steady trellis]

The question is where is the issue. Reported ILV seems incorrect. Daily rewards also. If only the display of data it's ok. But if the real rewards are lower than it should it's an issue. For that, we would need to check rewards for a real 24h and compare to the Illuvium dashboard and my simulation.

But yeah no pb.

Your wishes are my command master.

[gloomy gazelle]

Staking can be complicated.

Only tokens in the vesting tab are earning. They earn both the yield farming and any revenue distributions. They earn until withdrawn.

Pending rewards do not earn anything. When claimed as ILV they go to vesting tab locked for 12 months and earn until withdrawn. They only go to your wallet immediately if you claim they as sILV2.

It is possible to withdraw ALL unlocked tokens in the vesting tab in a single transaction. Saving gas.

Unclaimed Revenue Distributions do not earn anything. When claimed they go immediately to your wallet. It is a separate system than the vesting tab, so it is a separate transaction from any other claim or withdrawal.

Only staked tokens (in vesting tab) are eligible to receive revenue distributions.

Hopefully this is enough information to help you decide what to do. There’s no rush to make a decision and take action. Because tokens keep earning until you withdraw them anyways.

[steady meteor]

I’m not staking for APY I stake for Rev dis

[candid kettle]

https://tenor.com/view/wise-thinking-gif-7768499

[lament token]

If I can get a single page brief of the issue I'll speak with Blockchain to investigate.

[cunning perch]

What do you mean?

[steady trellis]

I checked my reward today and it's aligned with the web UI.

But as you can see if I use the value in $ for the 2 pools, and the value in $ of the asset (ILV / SLP) I found theoritically 1.9M ILV and 85k SLP staked. The issue is that according to reward distributed (5,487.54 / 21,950.17) for the 15 days period, in the end there is a -26% difference.

If i use my Dune query i found 3M ILV and 85.9k SLP staked. So big gap on ILV, and let's assume a margin of error on the SLP that would make it similar. Here also it would mean a -20% in current rewards.

I can't find a way to reach the current rewards distributed. I can only reach current rewards if the current pools on the UI are both wrong and more are staked in ILV+SLP, AND if my Dune query is also missing something.

I tried to make the data clear.

Again, hoping to be wrong but it's align with some feedbacks from a lot of people commenting here.

@elder dawn @lament token

[lament token]

Captured for review mate, thank you

Everyone involved has been going hard on Illuvium: Beyond for months so Staking hasn't been a priority. However if there is an issue we'll investigate as a matter of urgency.

Flagging with the team now.

[hot vine]

Thank you for your research that is crazy that no one has noticed it is embarrassing to be honest that 1/3 of the rewards are displayed incorrectly

[cedar crow]

Thanks for the information. When receiving revenue distributions, only ILVs in the vesting phase count or the ILV number in the staked SLP also count?

[gloomy gazelle]

Sushi LP tokens staked in the illuvium eth/ILV pool also are eligible to receive revenue distribution. They receive revenue distributions for each ILV that is contained in their SLP tokens.

[hollow trail]

me when when me when when the when

[cunning perch]

When what exactly? 😄

[ember ginkgo]

When wen

[cunning perch]

https://tenor.com/view/huh-heh-interesting-confused-confusion-gif-22475884

[ember ginkgo]

https://tenor.com/view/illuvium-illuviumio-ilv-yield-farming-gif-22225026

[pure eagle]

https://tenor.com/view/soon-cat-peeking-gif-13051037

[cerulean flower]

what? my ilv 3800? 3 800 ilv?

[gloomy gazelle]

That probably just the rewards. That is likely close to 200eth/ILV tokens staked from close to the beginning of yield farming.

[blissful badge]

Does anyone know who metaverse news content creator is on discord?

[cosmic sinew]

hi there - I have some SLP that has unlocked, I have not withdrawn it, will it continue to generate rewards or do I need to withdraw and re-stake?

[kind minnow]

It will

[blissful badge]

It will continue to earn at the original weight

[cosmic sinew]

Thank you 🙂

[dense flare]

@severe imp I believe is your guy

[blissful badge]

Awesome thanks

[blissful badge]

Yep that’s him. I just wanted to acknowledge his work

[gloomy gazelle]

Ooo cambo with the clutch doxxing.

https://tenor.com/view/issa-joke-its-a-joke-im-joking-gif-7246089

[blissful badge]

Mystery solved for me

[dense flare]

haha he doxxed himself in his videos before, only reason i knew him was because of that

[gloomy gazelle]

I’d have pinged him if I knew as well

[blissful badge]

It’s in his profile

I will ping him again. He deserves a shout out for his content. @severe imp Thanks for sharing your progress in Illuvium Zero. It’s been really helpful. 🤓

[severe imp]

Well thanks guys, glad you enjoy it. A lot more to come (once the wipe happens).

[blissful badge]

I look forward to it. Are you going to do a run down of what you learned?

[severe imp]

Yeah, I had that all slated to go, then the announcement came. So I'm going to wait until right before the wipe. I should have more data by then too, so that'll be nice.

[blissful badge]

That will be great. It’s been a slow grind for me

[calm sphinx]

Enjoying your videos, keep up the good work!

[green pulsar]

Hello Locked up ILV generate ILV rewards that can be claimed. Can I claim and stalk them ? Also are they different that vested rewards ?

[gloomy gazelle]

Pending rewards are yield farming rewards that need to be claimed so they start their vesting period and start earning.

Vesting rewards can be found in the vesting tab and indicate when they will or if they already gave unlocked.

Unlocked rewards are also seen in the vesting tab. Unlocked rewards continue earning just as any other staked tokens continue earning until withdrawn.

Revenue Distribution are a different type of rewards that are immediately withdrawn to your wallet when claimed.

[worthy lark]

Claiming Rewards

When you stake ILV in yield farming, rewards will start accumulating for you. However, you'll need to manually claim these rewards and pay for the GAS fees of these transactions.

You can choose to claim the rewards whenever the pile is big enough to justify the gas fees. If you claim sILV2, it will be unlocked right away and can be used in-game as a substitute currency for ETH outside the marketplace and the Leviathan Arena. If you claim ILV, that batch of ILV will be locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effects. And the process starts over again with new rewards accumulating.

Please note that ILV paid out as part of Illuvium’s Revenue Distribution must also be claimed, but they are not subject to a locking period.

[gloomy gazelle]

https://www.youtube.com/watch?v=_n-XDMkxYLM

[tepid portal]

id like to know what to do with this SLP, is it still accruing ilv/silv2 rewards?

[ember ginkgo]

Yes

[tepid portal]

okay

[kind minnow]

Does vesting ilv receive revdis?
And,
Does unclaimed rewards receive revdis?

[cyan rampart]

Vesting yes, unclaimed no.

[winged axle]

Hi, does the return rate vary, when staking ilv token for 1 year? I heard it will return around 5% of staked ilv in 12 month?

[candid kettle]

Rewards vary by block, depend on the amount of ILV in stake, the more Ilv in stake the less pool yields

These are the current returns of each pool for 1 year of Lock

[cloud quiver]

what is a good alternative to apy vision?

[next saffron]

Hi yall, I've removed SILV (v1) from an old flashpool, what do I do with it? I can't upgrade to V2 and I haven't been credit with V2 either?

[cunning perch]

Hey you can't do anything with sILV, it's a dead token.

[winged axle]

Hey thanks, what is the ILV/ETH, is this a different pool, so are there multiple stake pools for ILV? Tia

[candid kettle]

there are two stake pools, the ILV only and the ILV/ETH which is an LP token, they have different yields because the risks are different, before making an LP research about impermanent loss

[worthy lark]

SLP Pool

To provide liquidity in Illuvium, you will need to follow these steps:

1. Purchase both ILV and ETH.
2. After approving the Sushi contract, stake a 50/50 ratio of ETH and ILV.
3. Receive SLP tokens (you can view these tokens by adding the SLP contract address to your wallet).
4. Use the Illuvium Staking App to stake the SLP tokens and set your lock period.

For official links, refer to the #🔗〕helpful-links

[candid kettle]

for revdis only the ILV part counts in the LP token

[cerulean flower]

staking on immutable it's possible?

[quick dirge]

nope, right now all ILV staking is happening on mainchain ethereum

[winged axle]

Thanks 👍

[onyx flower]

I'm going to start a crusade against the false slp APR until it gets fixed. Its a little under 50% right now, not 70%. Easily calculated by looking at tokens per day (which is accurate) then multiply by 365.

[gloomy gazelle]

It looks like Nick is taking up the cause. Check this out. #🥩〕staking message

[onyx flower]

Single sentence brief of the issue sounds like enough

But that graph from lehahel and nick's next response looks promising

[gloomy gazelle]

Yeah. Nick is a doer.

[tulip folio]

I was thinking how nice it would be to have the "ILV Earned Daily" get a few more decimal places.

Also, since that spot is only yield earned daily I assume it will have no function after yield ends. Any plans to upgrade that spot to add in revdis earned?
Would be cool to have "average daily revdis" with buttons to look at last 24 hrs, week, month, year. Along with the total for that period.

[lament token]

Yep, confirming this is on the radar. We're pushing hard on Beyond right now, this will be prioritized shortly

[steady trellis]

NickS ARE doers.

😁

[turbid relic]

Guess on revdis from first wave of Illuvitars? And therefore per token revdis (accounting for SILV2 use)

[ember ginkgo]

0

[final steppe]

Something to keep in mind is that a proposal was passed for a $15m safety net to contribute to the team's runway for development. So the first $15m in ETH revenue from the Illuvitar mint will go towards that runway. Only after the $15m has been achieved will the rev go towards RevDis.

IIP-29: #📰〕governance-news message

[turbid relic]

I missed that - thanks for informing me 👍

[turbid relic]

So you’re guess is less than $15m revenue from the mint

[ember ginkgo]

That would be like 1.8 million Illuvitars sold

[fallow halo]

I guess this belongs here

How are people reporting their staking rewards for tax purposes in the US? Can anyone weigh in?

[worn turtle]

Best to get advice from a professional

You can find many articles online but to minimize risk its best to consult a tax professional

[vale abyss]

damn are V1 unlocked rewards not earning any rewards? 🤦‍♂️

[final steppe]

They are, if you still have them staked.

Once you sign a transaction to withdraw the unlocked tokens to your wallet, they will not earn anything until you stake them again.

[vale abyss]

ah okay, thank you

[sturdy orchid]

Hey. Is there a way to see all the staked wallets?

[gloomy gazelle]

There are some community members that made dune pages that have that data. I think at least one is pinned in here.

[sturdy orchid]

Hmm.. ok. I checked Debank but it only shows the first 100 wallets.

[elder dawn]

the bottom of xastor's is what i typically use #🥩〕staking message

[sturdy orchid]

Thanks

[muted wharf]

If I stake ILV, is the rewards both ILV and sILV or do you choose?

[elder dawn]

You choose whenever you claim

[muted wharf]

So only get to choose 1?

[elder dawn]

Yes, each time you claim, you choose either or. If you want some of one, claim once your rewards hit that threshold

[worthy lark]

Claiming Rewards

When you stake ILV in yield farming, rewards will start accumulating for you. However, you'll need to manually claim these rewards and pay for the GAS fees of these transactions.

You can choose to claim the rewards whenever the pile is big enough to justify the gas fees. If you claim sILV2, it will be unlocked right away and can be used in-game as a substitute currency for ETH outside the marketplace and the Leviathan Arena. If you claim ILV, that batch of ILV will be locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effects. And the process starts over again with new rewards accumulating.

Please note that ILV paid out as part of Illuvium’s Revenue Distribution must also be claimed, but they are not subject to a locking period.

[muted wharf]

What's the Revenue Distribution?

[gloomy gazelle]

When the studio produces revenue it gets distributed to the staked tokens. There’s probably like 7.5million eligible tokens because it includes all team, seed, and treasury tokens in addition to the staked tokens.

[muted wharf]

So it's only the staked tokens that get the revenue, that could be interesting in the future

[gloomy gazelle]

This proposal is a rather complex definition of how revdis will work.

https://gov.illuvium.io/#/proposal/0xefc13db07b40b6376aaf89687d2259ed41d45b2b028ae1e191c46b204bb9b07d

[muted wharf]

Very Informative, thanks

[steep heron]

How long does it take to withdraw rewards? iv been waiting for 10 minutes and i put a gigh gwei also

[cyan rampart]

Usually not very long - ~60 seconds if you've set high gwei

Probably not a bad idea to check out your transaction ID on etherscan

[lyric needle]

funny that your sILV2 dust shows up on your dashboard

I have $0.0000000042 of sILV2

[candid kettle]

https://tenor.com/view/wealth-gif-24406365

[elder dawn]

but just imagine when ILV gets to $20 billion per token. Then you'll have $1 in sILV2!

[candid kettle]

visionary

[elder dawn]

And...before everyone asks here, the ETH from IMX royalties is still below the threshold for it to go through the revdis process. If all current ETH from IMX was distributed, it would be less than $0.06 per ILV. #📣〕announcements message

[lyric needle]

Will we get to .07 per share with the illuvitar sale 🤞

[elder dawn]

i'm genuinely excited for that aspect of illutivars - pushing the collection element should actually lead to trading, which means royalties to the DAO, which means...🤑

[gloomy gazelle]

Probably a safest to just round that up to 1.

[subtle marlin]

Hello, is it worth to stak one ILv

[kind minnow]

If your in it for a long time, I would say so

[subtle marlin]

So what u think the minimum to stak

[kind minnow]

probably around 10

[subtle marlin]

👌👍

[steep acorn]

Can we unstaking?

[kind minnow]

After your lock period is over

[steep acorn]

Damn if its locked for 12months, we have to wait for a year to unstaking?

Can we change the period?

[kind minnow]

Once its set you cannot, but you have the option to only stake for a month at the start.

[humble hill]

apparently,i have some rewards in my vesting but im yet to upgrade to v2...
if i should upgrade to v2,will my rewards remain locked?

[humble hill]

@kind minnow

[kind minnow]

Um I don’t have the answer for that, sorry

[candid kettle]

if you have already claimed the rewards, the lock period is not affected

[timber sequoia]

Deraji, if we have our marketplace, no 2% imx fees ? right ?

[ember ginkgo]

#📣〕announcements message

[rocky lynx]

how to adjust gas fee when approving sushi staking?found an old video but no manual adjust button on metamask now

upon adding liquidity, on the video says edit to 500000 gas fee but it has no option like that right now

or the normal fee for approving liquidity pool is 41usd??

[rocky lynx]

what to put standard numbers here?

thanks a lot btw

[gloomy gazelle]

Did you try the transaction using the AGGRESSIVE gas? Usually gas limit estimates are fine and don’t need manually increased. It’s pretty much only something to try if the transaction fails because it ran out of gas. So you could try again with a higher limit so it won’t run out.

[brisk surge]

If I withdraw all my OG v1 stakes, is it possible to transfer the remaining position to another wallet? I understand I don't have the option to transfer my stake because of the v1 stakes.

I have already upgraded my position to v2 on the site, though the "v1" tag remains on some amounts.

I'm just trying to keep my position in one wallet, though if it's not possible I'll just have to withdraw, transfer, and re-stake 😢

[gloomy gazelle]

Unfortunately it can’t be done. You’ll have to withdraw transfer and restake.

[brisk surge]

[minor basin]

Q: Do I still get distributions after 12 months stakes unlocked but without withdraw them. or I need to withdraw them and restake them for 30 days again?

[candid kettle]

you continue to receive revdis and rewards even after the lock period is over, you don't need to stake again

[snow lily]

If I have 1 SLP staked for the past year and I go to withdraw is back into my wallet and then withdraw it from the LP, I should get a deposit of around .24 ETH and 4.6 ILV. Would I also get SUSHI coins from fees from my share of the LP over the past year or how would that work?

[cyan rampart]

Sushi LP fees are kept in the LP. When you provide liquidity, you own a portion of the pool. When the pool grows larger from the fees that are added, your portion stays the same, but the pool is larger, so it's numerically more tokens.

It's relatively negligible with a small SLP position though.

You can see the sushi analytics page here: #🥩〕staking message

[snow lily]

Perfect, thank you!

[minor basin]

ty

[burnt hill]

The ILV that we have in a state to be withdraw are considered to get rev this? Or do i need to Withdraw an lock it to be considered ?

[gloomy gazelle]

As long as it’s in vesting tab it is eligible for revdis.

No need to withdraw and restake.

[bright salmon]

What is this date for on the staking Overview ?
end 16/03/23

[ember ginkgo]

Moving on to the next line on the bottom there

[digital kindle]

The end of the current epoch

[candid kettle]

https://tenor.com/view/the-end-is-near-simpsons-warning-gif-5187386

[lyric needle]

always thought this graphic was confusing. so I wasted my own time and "redesigned" it 😛

[ember ginkgo]

Wish I knew who to tag in the team so they could see this. Maybe they like it

[craggy field]

Rich first and then he may talk to Carlos (or Florian for ui?) (thats what i do when i find something to change on the site)

[ember ginkgo]

Rich is busy at ethdenver

@worn turtle you busy? 😄

[lyric needle]

florian hates everything i do. too MEMEy... and unprofessional... and crap

[ember ginkgo]

Well then case is closed

[worn turtle]

Negative

In hotel

[worn turtle]

@true swallow @lyric needle no like your page

[ember ginkgo]

Sorry, Rich is slacking in Denver

[snow lily]

Is there somewhere I can look up and see the Emission schedule for staking? I can see that 26614.58 ILV will get distributed in Epoch 44, but I'm wondering if there is somewhere I can see a fortnight breakdown of the whole 3M tokens?

[lyric needle]

From an old article on the illuvium site: "9. Tokenomics, Launchpad, and Reward Details"

[snow lily]

Right, thank you! I came across this graph when I was looking into this. I can see an estimate of the emission schedule based on the graph. I was just wondering if there was somewhere I could see an exact breakdown? (ie. exactly how many ILV will be distributed in Epoch 45)

[lyric needle]

Someone will correct me if I'm wrong. But I think you can multiply current by .97 since "Adjustment ratio: 97%" from that doc. So epoch 45 = 25816.1426 ILV

[snow lily]

Oh gotcha, that's what the article meant by adjustment ratio. Thanks again!

[lime moth]

just for refreshment, haven't claimed rewards in a while. If I claimed fom SLP pool, it automatically also claims my rewards in normal ILV pool right?

[brisk surge]

That's the old way. In v2 Now you can click a little pip for the pools you want to claim from

[obtuse berry]

Having trouble connecting my MM wallet to the site to stake.
It allowed me to do it manually but it’s still not recognizing that it is connected. Suggestions?

[gloomy gazelle]

Try clearing browser cache.

[obtuse berry]

Thank you, I’ll give it a try

[steep acorn]

How do we unstaking?

[gloomy gazelle]

You can withdraw tokens that are unlocked in the VESTING tab.

[steep acorn]

So there is no way for unstaking? 😞😞

[gloomy gazelle]

When tokens are deposited and first staked they are locked for a certain period of time. It’s part of the staking contract. Nothing can be unstaked when it’s still locked.

Unstake. Withdraw. These are words that mean the same thing.

[steep acorn]

Yea i know, cause in need of cash, thats sad cant withdraw the deposit now

[onyx rain]

Is there any way to see/calculate how much one has earnt from providing liquidity to the liquidity pool over x amount of time? Or would I need to withdraw my ILV/ETH SLP tokens to find out?

[bitter hearth]

does anyone know how i can easily see the amount of ILV there is in 1 SLP atm?

[candid kettle]

one way is to go to the Zerion website and search using the SLP token contract

[bitter hearth]

Great! thank you!

[noble osprey]

Hello,
I have SLP ILV\ETH, do I deserve a reward in SUSHI? Where do these sushi\earn rewards go if someone has liquidity in Illuvium staking?

[cyan rampart]

#🥩〕staking message

[noble osprey]

i saw this earlier, but im asking about SUSHI rewards, not fees

SLP ILV\ETH owner is eligible to claim any SUSHI rewards? yes or no?

[cyan rampart]

No, you don't get Sushi rewards for providing liquidity. I believe Sushi has their own program called "Onsen" where you could earn Sushi for staking, but that's not part of Illuvium's staking program. Onsen would be an alternative way to stake your LP tokens. We get yield in ILV for staking SLP into Illuvium's system, alternatively you could stake SLP into Onsen for Sushi rewards.

I'm not an expert on the ins and outs of Sushi's program though, so DYOR if that's something you're interested in.

[dark depot]

sorry did I miss any question regarding staking ILV? I have ILV rewards, I think what I understand is those ILV rewards are not going to receive Revdis. So I should take out My ILV rewards that are unlocked and stake them for a year

so that I can get some Revdis from the up coming illuvitar sale. Is that correct?

[cunning perch]

When you claim ILV, they will receive RevDis and Yield, if any. If you don't claim, they won't count

[cunning perch]

If you ahve staked and/or claimed ILV, yes you will get RevDis

[dark depot]

when do i have to claim by to get revdis from the up coming Illuvitard sale

[craggy field]

One second before the vault manually (and unannounced) makes their purchase.

Since revdis only starts being distributed after there is 15M revenue in Eth that goes to a fund to extend runway directly, I think you have plenty of time.

And revdis is really not that big of a deal. For the landsale, all ILV tokens gained 0.70$ in revdis after all.

People will likely keep track of just how much revenue is made. So you will see people exclaiming that the 15M is reached. By then it may be interesting to claim. But if after the 15M only 200K is earned, your claimed ILV will only get revenue based on the 200K portion. Which comes down to like 2 cents per token. So I wouldnt overestimate the Revdis.

[nova mortar]

It will be interesting to see how much rev dis is earned from secondary market fees per month. I think that aspect of it could be a decent amount.

[gloomy gazelle]

This should work for that. You may need to input some info. #🥩〕staking message

[granite vector]

Hi all. New to staking ILV. I have a little rewards. If I claim, it takes 12months to be able to withdraw due to vesting?

[gloomy gazelle]

Correct

[worthy lark]

Claiming Rewards

When you stake ILV in yield farming, rewards will start accumulating for you. However, you'll need to manually claim these rewards and pay for the GAS fees of these transactions.

You can choose to claim the rewards whenever the pile is big enough to justify the gas fees. If you claim sILV2, it will be unlocked right away and can be used in-game as a substitute currency for ETH outside the marketplace and the Leviathan Arena. If you claim ILV, that batch of ILV will be locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effects. And the process starts over again with new rewards accumulating.

Please note that ILV paid out as part of Illuvium’s Revenue Distribution must also be claimed, but they are not subject to a locking period.

[grizzled granite]

my vesting has unlocked, is there a withdraw all button, there are a few withdrawals and it could be a hefty gas fee once all the transactions are added together

[gloomy gazelle]

You can select the unlocked batches that you want to withdraw.

There’s a little check box.

[grizzled granite]

im sorry i meant deposits not rewards

[gloomy gazelle]

Hmm. I think it works the same. But not certain. Been awhile. I’m looking into some things.

[grizzled granite]

its also asking me to claim pending silv2 rewards, even though there is nothing to claim for each one as i already claimed it the first time, and so its costing me 2 transactions each, not complaining just updating information to let you know lol XD but its pretty brutal though, oh well XD

good thing gas is low so its not that bad XD

[gloomy gazelle]

Yeah. V1 staking was gas heavy.

[grizzled granite]

ohhhhhh, i see now ah yes this was back in v1 days XD

i get it, thanks

[gloomy gazelle]

Is there a button that lets you withdraw all the unlocked deposits though?

[grizzled granite]

i think for v2 rewards there is

but when it comes to v1 deposits under the old system there isn't

i havent made a deposit under v2 yet so i wouldnt know but there possibly may be for v2 deposits

[gloomy gazelle]

Ok. Yeah. That makes sense. Thanks.

[grizzled granite]

all goods and thanks for your assistance to help clarify and let me understand how it worked better 🙂

[reef cairn]

Will staking end when all tokens are sold?

[gloomy gazelle]

The staking protocol will continue even after the yield farming rewards are all distributed by like July 2024.

Illuvium is not selling tokens. The tokens are being distributed as yield farming rewards.

[dark depot]

So how much ILV should I have staked to have any significant impact on my illuvium gaming life.

So that I never have to spend a single cent on the game and only have to claim SILV to play the game and have extra to left over as bonus earnings.

[gloomy gazelle]

There will be no more yield farming rewards that can be claimed as sILV2 after July 2024.

No one can tell how much you’ll want to spend on the game or how much sILV2 you could earn in the next year.

[dark depot]

okay so what happens to staking once nothing will be distributed. I guess you will only get revdis, if you keep staking. Other than that nothing will be distributed for staking?

[gloomy gazelle]

Exactly. Only revdis.

[dark depot]

how many ILV will be out in the wild once all is distributed?

[gloomy gazelle]

That depends on how you define the wild.

There will be close to 9.5 million ILV tokens in existence

[dark depot]

Is that the number 8 million ILV?

[gloomy gazelle]

No. Click on the i

It indicates that this estimate does not include the treasury tokens.

[dark depot]

oh okay.. so around 9.5 mil

[dark depot]

Is it that if Illuvium earns 1 billion a year with 9.5 million ILV each ILV will get around 100 USD

well, does it mean illuvium will buy back slowly 1 billion dollar worth of ILV from the market

[gloomy gazelle]

Not that many tokens will be staked. My Current estimated revdis eligible ILV count is close to 8m

[gloomy gazelle]

Yeah I guess you could put it that way.

[dark depot]

okay. simply speaking

what if we run out of ILV because they get used as SILV2

[gloomy gazelle]

Here’s how it works exactly. https://gov.illuvium.io/#/proposal/0xefc13db07b40b6376aaf89687d2259ed41d45b2b028ae1e191c46b204bb9b07d

ILV purchases and revenue distribution is rather complex.

[gloomy gazelle]

Can’t.

sILV2 can only be minted from the remained yield farming rewards.

Less than 1million tokens.

[dark depot]

oh the reward tokens okay from the current staking

if Illuvium is successful, there will be continous Revdis because there will be so much money they can't buy back ILV so quickly all at once.

[gloomy gazelle]

Plus… the way AMMs like sushi work is that the price of ILV would simply go up the more eth gets swapped for ilv.

[gloomy gazelle]

This explains how it’s gonna work.

It’s already been used like this once.

The land sale produced a bit of eth revenue that did get distributed as ILV.

[dark depot]

I am thinking if I should just change my unlocked SLP to ILV to continue to stake till end of time

[solar kettle]

what to do if staking is over! As far as i understand ...rewards are still accumulating .is there a point to restake it?

[gloomy gazelle]

As long as you don’t withdraw it keeps earning as it was before it unlocked.

[dark depot]

Is there a point to keep things in SLP when the rewards ends?

[solar kettle]

@gloomy gazelle thx

[dark depot]

July 2024 time passes by so quickly

[gloomy gazelle]

It might end up being necessary for the DAO to further incentivize SLP staking. But we don’t really know yet.

[dark depot]

true.. we will see

hopefully by that time Crypto will be more stable

[gloomy gazelle]

I’m hopeful that the swap fees that LPers receive will be more significant and there would probably be more activity

[dark depot]

My SLP rewards keeps slowing down. so depressing

Used to be around 10 to 12 days to get 1 ILV now it is like 20 days to get 1 ILV

[gloomy gazelle]

https://tenor.com/view/sad-sad-eyes-sad-face-üzgün-üzgün-yüz-gif-20234977

[dark depot]

yeah. I am crying internally 😭

[rugged ice]

Hey guys, just wanted to ask a question, does the sale of d1sks contribute to rev dis for stakers?

[ember ginkgo]

The first 15 million goes to a safety pool in case the team would run out of runway.

[rugged ice]

First 15 mill usd or d1sks?

[ember ginkgo]

USD

[rugged ice]

I see, awesome, thanks Fraggy!

[heady wind]

if you stake for 12 months, will you only get the reward after 12 months? or can i get the reward monthly or will it auto compound? ( i know stupid question as videos are available but i just want a fast answer)

[quick dirge]

you have to manually trigger reward collecting, and after this action 12 month lock for this specific reward is counted (if you pick to get it in ILV) and only after that your reward is also collecting rewards

if you choose to collect your reward in sILV2, you will get it on your wallet almost instantly with no lock and no rewards from it

[heady wind]

claim ILV as a reward but it will be locked for 12 months? so technically the staking reward (for ILV) will only be given after 12 months?

[quick dirge]

correct

[strange violet]

Dare to ask: how can I check if all my pools were correctly upgraded to staking V2? I did this a loooong time ago, but the message to migrate still pops up, so I'd like to be sure

[craggy field]

Are you getting daily rewards? Then it should be good

[cyan rampart]

The message pops up if you clear your browser cache, that's pretty normal.

If you're not seeing the "Upgrade + Claim Rewards" button, you're upgraded.

[strange violet]

I'm getting yield rewards yes. No idea about revdis. Which 1 did you mean?

[strange violet]

On what screen should that display if I'm not upgraded?

[cyan rampart]

Vesting

[strange violet]

Then I should be fine, thank you @cyan rampart & @craggy field 🙂

[hot lynx]

Hi guys do we have any nfa ideas on the likely RevDis per month for 2023 per ILV

[gloomy gazelle]

So far… 0

[gloomy gazelle]

The post below may be helpful.

[worthy lark]

Claiming Rewards

When you stake ILV in yield farming, rewards will start accumulating for you. However, you'll need to manually claim these rewards and pay for the GAS fees of these transactions.

You can choose to claim the rewards whenever the pile is big enough to justify the gas fees. If you claim sILV2, it will be unlocked right away and can be used in-game as a substitute currency for ETH outside the marketplace and the Leviathan Arena. If you claim ILV, that batch of ILV will be locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effects. And the process starts over again with new rewards accumulating.

Please note that ILV paid out as part of Illuvium’s Revenue Distribution must also be claimed, but they are not subject to a locking period.

[hot lynx]

yes 🤣 and after the $15m fund. Ok I will click on my staking any check in 6 mths thanks as always

[gloomy gazelle]

You may get someone in #💰〕token to give estimates. But by the end of the week we should actually have a bit of a way to actually estimate.

[hot lynx]

Sure Np I guess as staking phases out to RevDis only
It might be a time to ask here in 2024 2025 thx

[lapis holly]

Hello admin need help I been staking for more then one year now and also did upgrade. Today I connected my wallet and it’s showing zero balance and does not show anything under vested option and under rewards

I hope this is glitched

Sorry for the message all good it was my browser issue

[kind minnow]

Right now I’m currently staked on a meta mask wallet, If I connect a hardware wallet to the meta mask wallet will the staked funds transfer to the hardware wallet?

[quick dirge]

if you used same seed phrase in your hardware wallet as one you had in MM then yes (and it would be not a transfer, its still same address etc), but if you generated new one, then no

and you may be contacted in DMs with offers to help you, but remember that all DMs are scams

[worthy lark]

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.

[hardy siren]

Do rewards keep earning on ILV/ETH Pool after lock expires, or do I have to withdraw and re-lock / stake?

[candid kettle]

keep earning

[open spear]

is it too late to stake ILV for resdiv for upcoming beyond ilv sale?

[lusty pecan]

The community voted to give revdis to treasury to insure runway. After a certain threshold stakers will get rev dis but I cant remember the amount

[open spear]

yeah i did see that. think it was 5 or 50 mil something like that.

[lusty pecan]

just found it its 15million. but the answer is no you are not too late to get revdis if you stake now if we go over the 15 mill

[cyan rampart]

The first $15M of revenue will get diverted to the Safety Pool. Anything beyond that will be distributed normally.

[open spear]

cool thanks

do we when when the cutoff would be?

[cyan rampart]

There's not a cutoff time, there's no snapshots involved or anything. When the Vault buys ILV with ETH, it then distributes the ILV it bought between staked ILV holders.

The "cutoff" would be when a buy happens, but it's not like a fixed time or something.

[open spear]

thanks for the explaination

[cyan rampart]

The Vault needs 500 ETH or more before it will buy ILV, and the process is still done manually, so it's not the kind of thing that will happen as soon as 500.01 ETH is in the Vault.

[proven ether]

the staking pool has no risk to IL does it?

if it was just ILV

[craggy field]

If you stake purely ILV then indeed there is no impermanent loss. That only happens when you provide liquidity to a pool. In Illuvium's case SLP.

[proven ether]

Providing ILV will generate more ILV or sILV?

[craggy field]

Currently one ILV rewards you with negligible amounts of rewards.
But if you do claim you can choose either type.

Check out the staking calculator that is pinned or here:
#🥩〕staking message

[proven ether]

the amount im putting in isnt as negligible its a decent amount of ILV. if I can claim ILV @5% and the the token price gets to 50% of its ATH then im happy

[craggy field]

Well yes you will be able to claim it as either ILV or sILV2.

[proven ether]

thanks for your assistance dude.

[tulip folio]

only the staking yield portion can be claimed as ILV or sILV2.
when you get revenue distribution, that can ONLY be claimed as ILV.
not very important now, but starting in few-several months it will likely far exceed the staking yield

[proven ether]

sorry so the revenue distribution from the pool (ILV/ETH) will far exceed the standard ILV pool?

[quick dirge]

Rev dis is based on ILV staked, so for ILV/ETH you count only 50% of its value

[tulip folio]

there's a pot of ILV set aside for staking yield. if you stake ILV you get a small bit of that, and ILV/ETH pool gets a nice chunk of that. that's where the 5% yield on staking comes from. this can be claimed as ILV or sILV2.

whenever there's revenue, all staked ILV gets revenue distributions in ILV. this is what will probably far exceed the 5% yield. as dzierski mentioned, since ILV/ETH deposits are half ETH and half ILV, ILV/ETH positions only get revenue distributions on half its deposit value (the ILV portion). if you just stake flat ILV in the ILV pool, however you get a full portion. revenue distributions will be claimable only as ILV.

so if you stake only ILV, you will get both
yield -> claimable as ILV or sILV2
revdis -> claimable as ILV

[proven ether]

thankyou very much. Ive put it all in the ILV portion so there is no IL and the potential token appreciation but this explination is an added perk

[spring hull]

hi

[gloomy gazelle]

hey how's it goin?

[spring hull]

hi.. was testing chat.. i then saw it has 10 min timer in GC..

😄

[gloomy gazelle]

yeah. It's a pretty wild time.

[sterile crane]

and where do I get the slp if I want to stake in the liquidity pool?

[gentle frost]

First provide liquidity on sushiswap. If you have done that, you have LP tokens. Those tokens you can stake on staking.illuvium.io

[pure eagle]

?lp

[worthy lark]

SLP Pool

To provide liquidity in Illuvium, you will need to follow these steps:

1. Purchase both ILV and ETH.
2. After approving the Sushi contract, stake a 50/50 ratio of ETH and ILV.
3. Receive SLP tokens (you can view these tokens by adding the SLP contract address to your wallet).
4. Use the Illuvium Staking App to stake the SLP tokens and set your lock period.

For official links, refer to the #🔗〕helpful-links

[old needle]

are vesting pools that arent withdrawn still earning rewards?

[candid kettle]

yes

still earning

[old needle]

cool

[candid kettle]

and receiving revdis

[atomic dome]

hey quick question....my friend withdrew 1.77 SLP but then immediately sent it to his coinbase account not his wallet...Is it retrievable?

It says it's sent but how can you find that on regular coinbase

[candid kettle]

He must contact CoinBase support to have the tokens returned, but it is up to them, unfortunately there is no way to be sure if they will return it

[atomic dome]

thank you for the response...I found it starnge he was even able to send to his coinbase account

[candid kettle]

the exchange account is a normal wallet, any token can be sent to the wallet but other non-transacted tokens are not shown as balance in the exchange account

[gloomy gazelle]

He just copied the wrong address.

[atomic dome]

Yea...he's a newbie and had no clue what he was doing

and he sent to regular coinbase but glad I can get the answer here. I figured that was the case that he wouldnnt be able to retrieve it...he's going to contact customer support

[dawn abyss]

Can we stack our Illuvials ? Any plans ?

[candid kettle]

nothing confirmed about it

[dawn abyss]

Okey 🙂

[atomic wing]

#✍〕rules

@worthy lark

[candid kettle]

can I help you?

[obsidian ermine]

Is there any sort of chart or graph that says what dollar amount or eth amount makes it worth it to stake as far as break even after fees etc?

[regal marten]

I can recommend Lelahel's calculator, it's pinned, search for "Finally a new release, v17"

[scarlet pumice]

When converting SLP back to ILV/ ETH, do we swap back to ETH or what?

[gloomy gazelle]

__Sushi SLP Liquidity Removal: __
You can remove liquidity using Sushi 1.0 or Sushi 2.0.
Sushi 1.0 Method:

1. Check that you hold SLP tokens in your wallet. The contract address can be found via #🔗〕helpful-links .
2. Navigate to Sushiswap via #🔗〕helpful-links
3. Click "Explore Apps" and navigate to Sushi 1.0.
4. Under the Liquidity Tab, navigate to "Pool".
5. Connect your wallet. Choose your ILV-ETH position (if you have multiple LP positions)
6. Click "Remove".
7. Approve the transaction to remove liquidity.
   Sushi 2.0 Method:
8. Check that you hold SLP tokens in your wallet. The contract address can be found via #🔗〕helpful-links
9. Navigate to Sushiswap via #🔗〕helpful-links
10. Click "Explore Apps" and navigate to "Earn"
11. Connect your wallet.
12. Click on the ILV/ETH Pool.
13. Click "Withdraw".
14. Approve the transaction to remove liquidity.

Sushi 1.0 Method Visual Guide:

[rancid laurel]

You swap back to the ratio of the LP.

[pseudo minnow]

How much of the 15 mio pool is filled ?

[ember ginkgo]

1.4

[pseudo minnow]

Oh 😮 thanks

[noble osprey]

Hi, whats the adress ethereum where goes every ETH from sale illuvitars? i just want to check how many we have ETH to buy ILV from the market for the hodlers 😉

[sinful jungle]

Hey, have not touched the Illuvium site for 2 years. Want to withdraw my ILV rewards but random error comes up, “cannot estimate gas….” How do I get my ilv back to $? Thanks

[gentle frost]

It will extend the runway. So no revdis for now

Only if it exceeds 15 million and that is not likely to happen anytime soon

[noble osprey]

It is not possible to get revdis from illuvitars sale

Team take every cent from this „legal” cashgrab from DAO

Team have team tokens as their paid for work, im ILV hodler since balancer auction and i was expecting that every revenue from games will be count as a revdis

[spring creek]

As a DAO it was voted

[noble osprey]

Thats why most of og ILV hodlers be quiet about illuvitars sale. It is not fair changing rules

[spring creek]

that is the good/bad of been a DAO

[noble osprey]

DAO how many people? Maybe ask all 33k ILV hodlers

[spring creek]

Noted

[noble osprey]

For me its a legal cashgrab because they can do whatever they want with THIS money

[spring creek]

yeah, and legally ok

while the team didn't like the IIP. The DAO voted in favor. So you cannot complain to the team, instead to the DAO

Saying it was the team will be missinformation

[noble osprey]

I'm disappointed with what I saw, all the time I was convinced that this money would go to the stakers

[craggy field]

Id rather have 15M$ more runway for the project to have more chance to finalise a product than get 1.5$ in revdis for every locked token 🤷‍♂️

[brisk surge]

Our stake will be worthless without the product. I don't think they'll be able to easily extend the runway again, and thankfully this is selling well.

Illuvitars provides a product that can scale to however many users Illuvium can attract. As a staker I really like the instant gratification and scalability. It's Illuvium's candy aisle

[onyx flower]

Marcin is trolling

[ember ginkgo]

If you #🎫〕verify-asset we know you are a holder and you can participate in these discussions. We did ask the holders.

[noble osprey]

it depends how many you have staked, i added some ILV to stake to get more revdis from this sale, and now i see what i see

[craggy field]

Ill informed is sad. But dont worry about it. You'll get revdis eventually! Just not from Illuvitars

[noble osprey]

im more negatively surprised than sad.This means that the DAO can even buy Lego bricks for these millions, and we will have nothing to say.

The whitepaper clearly states that all game revenue is to be given to the stakers. This rule has been broken.

[elder dawn]

It's unfortunate but the implementation of the safety pool was done publicly and well in advance of the sale for this exact reason, to do our best to avoid surprise on revdis expectations. It was communicated through multiple channels.
I'd strongly advise staying connected to governance and proposals particularly as a staker, and provide feedback on how best to communicate broadly.
The premise of the dao is that things can be adjusted (as can nearly all organizations) so it is advised to stay connected and continue to do your research.

[elder dawn]

The white paper also outlines how changes can be made, and it was followed.
This change wasn't taken lightly and was discussed openly with the community, governance forums and the team, and ultimately was viewed as best for the long term existence of the dao through challenging economic environment.

[noble osprey]

"it was communicated through multiple channels."

I'm Polish and I've been active on our chat for 2 years. Illuvium fired the only one Polish moderator @dusky rock, so what are you talking about? Do you have a Polish moderator who would provide such important information? NO

[ember ginkgo]

It was communicated in English to everybody 😉

[dusky rock]

Did I do sth bad? 🙂

[ember ginkgo]

You didn't inform Marcin about the safety pool

[noble osprey]

no you didnt

In that case, where can I check what exactly the money will be spent on if not on revdis?

[dusky rock]

They didn't really fired me, I was inactive because of life so I'm pretty sure it was good decision.

[cyan rampart]

https://gov.illuvium.io/#/proposal/0x38d3dbcc820ce445be789b470a5ace26f628b0b449aebdf7ed8bd5ce0231898e

[ember ginkgo]

Also Polish chat not that active it needs a mod 🙂

[bitter hearth]

1/10 of the runway goal reached

[noble osprey]

Maybe to avoid situations like my surprise, then make sure that everyone is informed about such significant changes in the languages in which you have created communities 😉

[cyan rampart]

I'd definitely recommend going to #1038034977864032276 and getting the Governance News role if you're interested in proposals and changes to the DAO.

[ember ginkgo]

Already told him to #🎫〕verify-asset so he would be informed and able to react

[ember ginkgo]

Spidi told you in Polish he was busy with life and you still go saying "he got fired".
Doesn't seem to matter in what language we tell you things.

[noble osprey]

you are right, i didnt notice that he typed he was busy IRL

don't write about me like I don't understand anything at all, I'm just surprised that not everything illuvium sells is for stakers, that's all 😉

[ember ginkgo]

I can see you understand everything perfectly fine, that's why I'm surprised you demand to get everything written in Polish. Anyhow, we explained you how to stay updated in the future. Hopefully this helps you in the future.

[noble osprey]

i typed "he got fired" because someone told that illuvium cutting their cost, maybe this stuck in my memory heh

[noble osprey]

it's alright

[quick dirge]

that could be me haha, but it was waaay back in time and we didnt knew the story yet, and we were just theory crafting tho (rumors, speculations guessing )

[ember ginkgo]

Ser, are you spreading fake news?

[noble osprey]

it is his fault xD

[quick dirge]

will try to do better next time

ok ok, looks like we all fine here back to staking 🥩 xD (love you ||almost|| all)

[ember ginkgo]

https://tenor.com/view/epic-beef-is-what-you-find-rucka-rucka-ali-steak-meat-juicy-gif-18187463

[noble osprey]

so we have now 979 ETH for revdis, sure?
https://immutascan.io/address/0x9989818ae063f715a857925e419ba4b65b793d99

[ember ginkgo]

No

[noble osprey]

how many we have now from fees?

[burnt wasp]

When will the ETH be sold for USD?

Cuz they need to

[distant nacelle]

what is staking guys?

[gloomy gazelle]

?staking

[worthy lark]

Illuvium Staking

Staking is a way to earn additional rewards and revenue distribution.

Here's how to stake your tokens:

1. Obtain either ILV or Sushi LP tokens.
2. Access the official Staking App.
3. Select the appropriate pool based on your tokens.
4. Set your lock duration - longer lock periods result in higher weight.
5. Approve the contract and confirm the staking of your tokens.

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

SLP Pool

To provide liquidity in Illuvium, you will need to follow these steps:

1. Purchase both ILV and ETH.
2. After approving the Sushi contract, stake a 50/50 ratio of ETH and ILV.
3. Receive SLP tokens (you can view these tokens by adding the SLP contract address to your wallet).
4. Use the Illuvium Staking App to stake the SLP tokens and set your lock period.

For official links, refer to the #🔗〕helpful-links

[tidal charm]

When the staking duration ends and becomes unlocked , does the stake stop giving awards ? So we have to restake ??

[candid kettle]

the stake continues to receive rewards and is eligible for revdis even after the lock period ends

[tidal charm]

@candid kettle thanks fire the reply

[tulip folio]

it's worth pointing out that the safety pool will only be used by the team if absolutely necessary (runway runs out before release of the games into open beta essentially), and the DAO has to approve the funds being disbursed to the team. If this is not necessary, the DAO can release the safety pool back into revdis and you still get your $1.50 (if it even gets that high).

and you should stop speaking about the DAO as if they are someone else. YOU are the DAO. When governance proposals come up, get in chat and make your opinion known. It feels like every single IIP that comes through gets comments from the community and the first version is revised to align closer to the community. It's not the team writing IIPs and passing them.

If you're having language troubles following the governance, then is just following the governance channel and pasting everything into Google Translate an option?

[plain tapir]

GM. Is there an efficient way of moving staked positions from one wallet to another, or do we have to unstake each staked position one at a time? Thank you for the help

[gloomy gazelle]

It is possible if your wallet only ever staked in the v2 staking contracts. Let me know if you think you might be eligible and I can open a private thread. Do not trust DMs and there is never a need to input your secret phrase.

[plain tapir]

Thanks for the reply, can we discuss this further privately?

[gloomy gazelle]

I’ll ping you in a thread in #❓❗〕community-help

[hollow jungle]

Do I have to pay out my v1 ILV beforehand or can I just change the wallet address? Will tokens that I claim be automatically stored in the new wallet if I change the address in Illuvidex?

[fierce frost]

Hey guys how do I check the price of SLP/Eth

[gloomy gazelle]

If you have staked in v1 contracts at all then you can’t change your staking wallet. You’d need to withdraw and stake in the new wallet.

[gloomy gazelle]

Using a tool like Zerion or zapper

Etherscan has the value for the eth/ILV SLP token as well.

[shell scroll]

what is a SLP token?

[bright heart]

Sushi Liquidity Pair. Meaning ILV+ETH in our context.

[gloomy gazelle]

?lp

[worthy lark]

SLP Pool

To provide liquidity in Illuvium, you will need to follow these steps:

1. Purchase both ILV and ETH.
2. After approving the Sushi contract, stake a 50/50 ratio of ETH and ILV.
3. Receive SLP tokens (you can view these tokens by adding the SLP contract address to your wallet).
4. Use the Illuvium Staking App to stake the SLP tokens and set your lock period.

For official links, refer to the #🔗〕helpful-links

[civic zephyr]

gm

[river cedar]

@gloomy gazelle Ty ser

[gloomy gazelle]

#🥩〕staking message

[gloomy gazelle]

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

[gloomy gazelle]

Let me know if that pinned message doesn’t help enough.

[turbid anvil]

hey guys, i wanted to know the contract address having the staked amounts of ILV tokens?

[gloomy gazelle]

There are a few different Illuvium staking pools. Some public ones and one for the team and other private vesting tokens. And one for the treasury tokens. All of these are eligibly staked for revdis but only the public staking pools are staked for yield farming. You can find them on etherscan.

Vesting team seed:
0x6Bd2814426f9a6abaA427D2ad3FC898D2A57aDC6

Treasury:
0x58C37A622cdf8aCe54d8b25c58223f61d0d738aA

Public ILV staking (new/V2): 0x7f5f854FfB6b7701540a00C69c4AB2De2B34291D
(This pool also contains additional staked/vesting ILV that is not minted until withdrawn, the Illuvium staking webpages account for these and they can be verified using some of the blockchain analysis tools pinned in the channel)

Public ILV staking (old/V1): 0x25121EDDf746c884ddE4619b573A7B10714E2a36

Public ETH/ILV SushiswapLP staking pool (new/v2): 0xe98477bDc16126bB0877c6e3882e3Edd72571Cc2

Public ETH/ILV SushiswapLP staking pool (old/v1): 0x8B4d8443a0229349A9892D4F7CbE89eF5f843F72

[gloomy gazelle]

I forgot to reply to your message. But the post above should be helpful.

[turbid anvil]

no worries, this provides much clarity.

thank you pelican!!

[cedar crow]

I have 4 SLPs staked for 1 year and now are going to be unlocked on next month. After being unlocked, if I want to stake these SLPs again, do I need to process staking again ?

[ember ginkgo]

No, you can just leave them there. As long as you don't withdraw you keep getting yield

[cedar crow]

THanks!

[warped anvil]

Anyone else not able to connect their wallet to the staking websote?

[pure eagle]

I'm having no problems connecting to the staking site. Maybe try clearing cookies and cache, make sure the browser is not translating the page (also sometimes a VPN makes it cluncky)

[vital dock]

@warped anvil metamask I noticed if you buy your ilv from coinbase and send it to dex it's now under coinbase wallet imx/metamask wallet run the dex with most everything so check your staking wallet address..

[silk stream]

Hi, I can't seem to unstake my liquidity. I believe it was one of the completed flash pools

[gloomy gazelle]

That’s possible. If it was the LINK flash pool this should help. #🥩〕staking message
If it was a different pool let us know and we can setup a private thread in #❓❗〕community-help

Remember… DMs are scams. No one legitimate will dm you.

[silk stream]

I just realized it might be my vesting rewards That debank is showing as a pool lmao

[gloomy gazelle]

Definitely. Could be in vesting tab.

[whole nexus]

Hi! One question about Silv2, every time ppl is buying a sILV2 on secondary, it mean that this sILV2 was minted through staking and it reduce supply of ILV ?? Thank's

[pallid geode]

When you buy sILV2 on a secondary market, sILV2 just moves from one wallet to another wallet...

[cunning perch]

Yes. sILV2 originally comes from staking. It is not a separate token that was generated to be sold.

[whole nexus]

Ok thank's 🙂

[modern dawn]

What does the emission schedule mean? It's currently 2.4M of 3M. Does it mean that after 3M tokens distributed the staking pool will be closed? Also, does staking on ILVETH gives out a larger proportion on revdis than ILV pool? Thank you!

[cyan rampart]

Correct that after 3M tokens are distributed, there will no longer be yield rewards. There will still be revenue distribution though.

Staking ILV/ETH gives half the proportion of revdis than staking just ILV would. Only the ILV portion of an ILV/ETH position is eligible.

[modern dawn]

Thanks!

[brisk surge]

Is there any concern about incentive for staking slp once distribution ends? Or will it all be chill?

[cyan rampart]

Yeah people have expressed concerns about it for quite a while, but there are many levers available to pull to bring liquidity up to a level where the vault can make swaps without major slippage.

One of the best ideas I've heard put forward is to create a LP with higher fees, and basically use the existing tokenomics of swapping ETH for ILV to support liquidity providers.

[onyx flower]

It will probably get undercut by someone lp'ing at .3% if the new lp is 1%.

But maybe not. No one undercuts gmx 1% with a .3% on arbitrum. GMX has a higher market cap and daily volume so whatever works for them should work for us.

Actually market cap less important than +- 2% depth, and we have similar daily volumes... ignore their massive wash sale volume, just the the uniswap vs our sushi

So if gmx has been around long enough to reach a GTO pool size with a 1% fee, and their depth is half ours it looks like, thats kind of a preview of what our slippage would be.

[onyx flower]

Agree with it being a good idea, but will probably cause slippage to increase 3x or more from the incentived ILV ETH slp, plus the higher fee. 100k eth netting only 98 or less ilv if it performs like the GMX 1% lp. I still have no idea if thats okay or if eth as revdis is better. I'd like to know where that slippage actually goes since the lp doesn't keep it beyond the fee. I don't think its MEV, its just the way AMM's work but seems weird an asset can just disappear.. seems like more is going on, like the problem is thinking price is solid not liquid when trading on an AMM and the slippage/price discrepency betw buy or sell is just the cost of keeping a limited supply AMM alive

[gloomy gazelle]

If an LP is too small I think that might create arbitrage opportunities, which is where at least some of the value would be reaped.

[gray narwhal]

@pure eagle me puedes explicar esto? No lo acabo de entender 😅, gracias!!

[pure eagle]

Let's go to #1025487808225345596

[onyx night]

Hi

[gloomy gazelle]

Hey man

[onyx night]

To confirm, will the illuvitars sale proceed goes towards revdis

[elder dawn]

The council established a safety pool and an iccp to leverage illuvitar sales proceeds to be held in reserve to fund development if needed. Not guaranteed it won't be distributed, but not until confidence of sustaining operations.

[cunning maple]

How much was the total receipt from the illuvitars sale in the end?

[ember ginkgo]

Sale still going

[cunning maple]

Do you have a running estimate ?

[ember ginkgo]

No official numbers posted at this moment

[pulsar sonnet]

When the safety pool of 15 Million is full the overflowing money goes into RevDis.

[leaden osprey]

Hello, when we stake , we don't have automatically sILV right?
For rewards , what the advantage to claim it in sILV?🤷🏻‍♂️

[worthy lark]

Claiming Rewards

When you stake ILV in yield farming, rewards will start accumulating for you. However, you'll need to manually claim these rewards and pay for the GAS fees of these transactions.

You can choose to claim the rewards whenever the pile is big enough to justify the gas fees. If you claim sILV2, it will be unlocked right away and can be used in-game as a substitute currency for ETH outside the marketplace and the Leviathan Arena. If you claim ILV, that batch of ILV will be locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effects. And the process starts over again with new rewards accumulating.

Please note that ILV paid out as part of Illuvium’s Revenue Distribution must also be claimed, but they are not subject to a locking period.

[onyx flower]

You can sell it and get the money right now vs wait a year

[queen garden]

Hey lads. i am about to stake my newly purchased ILV tokens. will there be a difference in revdis share according to stake duration?

[ember ginkgo]

Yes, if you lock for 1 year you get double weight

[queen garden]

hm interesting 🙂 thx

https://tenor.com/view/mando-way-mandalorian-star-wars-this-is-the-way-gif-18467372

[queen garden]

ik want to stake with my ledger via metamask. but it gives me an error saying i need to enable blind signing. is that really necessary?

[regal marten]

that sounds weird! i don't have a ledger so can't really comment, but blind signing sounds like something you want to stay away from!

[queen garden]

yep thats what i think

[ember ginkgo]

Yeah, I also have it turned on. You still gotta accept all signatures it's a bad naming for it imo

[versed coral]

I am also using ledger and it needs to have blind signing enabled actually to do any transaction with staking.
I am always turning it off again after I am done with the transaction

[queen garden]

aight thanks lads

[gloomy gazelle]

I might be a little bit off on the technicals here but this is my understanding…

If you are only had your ledger hardware device you would be signing it blind. BUT you also have all of the contract data that you can actually look at and read on the metamask popup. So it’s not actually a thing that you are signing blind. It’s just blind for the ledger.

Both ledger and metamask have articles describing how to use “metamask hardware integration” and why it’s a secure way to interact with defi dapps.

[queen garden]

appreciate!

[proven urchin]

What’s my return value on staking

[gloomy gazelle]

Here are the current numbers.

The staking page has a link to an informational document explaining how staking works.

https://staking.illuvium.io/

[worthy lark]

Illuvium Staking

Staking is a way to earn additional rewards and revenue distribution.

Here's how to stake your tokens:

1. Obtain either ILV or Sushi LP tokens.
2. Access the official Staking App.
3. Select the appropriate pool based on your tokens.
4. Set your lock duration - longer lock periods result in higher weight.
5. Approve the contract and confirm the staking of your tokens.

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

[undone parcel]

Hello. Iam having a problems with upgrading my ILV staked in vesrion 1. How can i upgrade or transfer my ilv to IVL2?

[gloomy gazelle]

When did you first stake in illuvium?

[thorny geyser]

Is ilv moving their staking to immutable zkevm?

[worn turtle]

No word on that yet, would be cool though for future

[undone parcel]

About two years ago

[gloomy gazelle]

I’m going to ping you in a private thread in #❓❗〕community-help
We will not use DMs.

[stiff swan]

hi guys, one question- if you withdraw your initial deposit, do you also automatically withdraw all unlocked rewards for that deposit or do you have to do that separately?

[cunning perch]

You can see everything under the vesting tab. Every claimed reward will have its own withdrawal/unlocking procedure and date

[stiff swan]

Well, I see that I can withdraw more than one unlocked reward at once, but It is unclear to me if withdrawing your initial deposit also withdraws your (unlocked) rewards or not, so I was wondering if anybody knows. So you are saying that you can only withdraw your init deposit separately from rewards (not all in one go)?

[cunning perch]

if you have different batches showing "unlocked", you can withdraw them in one TX. You can also do them separately. You should see a check box next to the batches that are now unlocked. Whatever shows "locked" will stay locked until the date is done and they are unlocked.

[stiff swan]

thanks for your replies. and do you perhaps know if withdrawing your staked ILV also withdraws unlocked rewards for that stake?

[cunning perch]

As I mentioned, withdrawal of a batch does not mean withdrawal of other batches, whether deposits or rewards. Whatever is unlocked, you can withdraw in one go if you so desire. If not, you have check boxes to choose which unlocked batches you can withdraw.

[sly vessel]

hey so I started staking like a year ago and never claimed rewards. To claim them do I upgrade ILV pool or ILV ETH pool?

[gloomy gazelle]

I’m going open a private thread and ping you in #❓❗〕community-help

DMs are scams. We will not dm you.

[worthy lark]

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.

[fierce chasm]

converting ETH+ILV to SLP token is still running over sushiswap, right?

[pure eagle]

Yes

[fierce chasm]

thank you

[echo inlet]

quick question fam. Ive been claiming my rewards for over a year now no problem. But ive never collected my revdis before until now. It should disappear same as silv rewards correct once you claim and it get added to the pool? I claimed my rev dis about 10 minutes ago but its still their and it allows me to claim still. thx in advance

[fierce surge]

My one year lock of SLP if about to end soon, so I would like to ask, is there any benefit to lock again (if thats even possible) or I will still have double weight on that staked SLP?

[candid kettle]

there is no benefit in staking again, even after the lock period is over you continue to receive rewards and revdis to the weight of the initial lock

[fierce surge]

thank you 🙂

[candid kettle]

revdis after claim goes to your wallet, has no lock period and cannot be claimed as sILV2

[echo inlet]

correct thats what i thought as-well. Ive claimed it 3 times alrdy and all 3 has been ILV. Still nothing. It still shows I can claim it, it also does not reflect in the claimed revdis section either.

all 3 transactions were successful as-well but it still just sits in the revdis section. not in my wallet and does not reflect in claimed revdis section

[fair wharf]

I remember a while back there was something about even longer term (like 2-3years lock up) staking for a discount or something? What was that, and is that still going to happen?

[candid kettle]

were possibilities discussed in the past but nothing has changed

[vague sierra]

is rewards claim not working? i keep getting error messages when i try to claim

[candid kettle]

what error message appears?

are you trying to claim rewards or withdraw the stake?

[vague sierra]

its rewards

[vague sierra]

i found the issue 🙂 it was the claim amount had lots of numbers behind the comma

[vital dock]

. Anybone try stakingbon pancake swap ?

[pure eagle]

This sounds like #1023650034593570917 conversion to me

[proven urchin]

It do be a staking question though, no?

[gusty acorn]

if my vesting period is over and I do not claim and leave it staked does it still earn rewards?

[last hawk]

Yes.

[gusty acorn]

ok, that's good, thank you

hopefully nothing bad happens with sushi lawsuit that will affect pools

[last hawk]

We had a new townhall last day. List to it. There was a question about that. You can find it on illuvium+ on YouTube. #🔗〕helpful-links

[brisk surge]

Hey guys, I got a question.
If I don't withdraw Eth/ILV funds from the second pool after one year, will the safe continue to make profit? or Do I have to re-stack it? Thanks 🙂

[quick dirge]

you dont have to do anything, it will still generate rewards

[brisk surge]

Thank you !

[tulip folio]

I was trying to figure out how to look at a transaction on Etherscan and see how much ILV was claimed from staking and was getting ready to ask if anyone here knew how to figure it out as I was looking and the values seemed completely messed up and didn't make sense to me. I looked at my own transaction where I claimed 5.59 ILV (from SLP yield) and 0.69 ILV (from ILV yield).

I can see two calls to LogClaimYieldRewards in transaction 0x3ef370fd4b849e724b1eb9b7a7ac23a86ebfc7738ca9b094a1014aeb82b3177b
One with value 5594495727575779701 and another with value 686469091520271717. It was then that I realized how close these values looked to my claim amounts.

Doing some research it turns out Solidity doesn't actually use decimals. A 256 bit unsigned int is effectively so huge that you don't need decimals, and you instead represent values as whole numbers and somewhere else state how many decimals the token has. ETH for example, uses 18 decimal places (represented as 1e18). Based on the known values of how much I claimed, I can tell then that I actually claimed
5.594495727575779701
and
0.686469091520271717
These come out to 18 decimal places just like ETH.

TIL ! Thought this might be interesting to someone.

And using this info I learned that a certain someone has 53,636 ILV unlocking in 2 days 3 hours

[timber sequoia]

maybe Aaron ? luggis ? kieran ?

[regal marten]

maybe you can find an ens name for the address : https://etherscan.io/name-lookup

[tulip folio]

Oh yeah the whole point was I wanted to see how much Luggis was unlocking and when

[regal marten]

i have this page for listing illuvium staking events for an address. i defaults to luggis 😉 https://dune.com/xastor/Illuvium-Single-Staking-Dashboard (ignore the url, you can't change dashboard url's in dune :/)

[tulip folio]

bah why haven't I seen this before. actually maybe I have. I seemed to remember that luggis was almost all of the 27th unlocks but couldn't remember where I saw it so tried to find it manually.

thanks for all your work

[regal marten]

That's allright, it's fun to work with these giant databases 🙂 Maybe I should give this dashboard a better url and name for visibility.

[night wagon]

The vesting page refuses to load for me, is this happening with anyone else?

[pure eagle]

Just used it a bit agosto and was working just fine for me. Maybe try clearing cookies and cache. If that doesn't work try a different browser

[brisk surge]

I just tried to connect to staking.illuvium.io with my Trezor wallet but got this message: "This application was using Trezor Connect v7, which has been discontinued. To continue using Trezor with the application, please contact the application developer directly."

[cunning perch]

Have you tried updating your Trezor? maybe the problem is there. This is the first time I'm hearing Trezor having issues with the website

[brisk surge]

The firmware is up to date, which also goes for the Trezor Suite
I'm connecting directly to Illuvium via my Trezor, not via Metamask

[cunning perch]

Ah, idk if a direct connect is possible since the firmware might not support ILV. Try connecting a Trezor-MM and it should work.

[brisk surge]

Connecting directly worked the last time I tried. It seems to be different wallets whether I connect directly and via MM, and since most of my ILV are on the direct connection, it's a bummer that I can no longer connect that way...

[cunning perch]

I'll ping @worn turtle maybe he knows more about it, but afaik, direct connect wasn't applicable with staking. Might it has changed

[civic moat]

Hi, I can't find my ILV tokens that I had in vestiments, any idea what happened to them? They are not in my wallet either🫣

[last hawk]

If you didn't withdraw it, try to clear cache on your browser.

[civic moat]

ok

[civic moat]

I found them, thank you.
One doubt, if I have finished stacking but I have not taken them out, do I still receive rewards or do I no longer receive anything?

[last hawk]

You still do receive.

[civic moat]

🥰 Thanks

[worn turtle]

Hey m8

[brisk surge]

Hi

[pearl chasm]

Hey guys, I've tried to claim some ilv rewards that have just vested, but I'm getting a "cannot estimate gas" error. Have tried using whole numbers, have tried disconnecting and reconnecting, nothing works. Any ideas greatly appreciated!

[cyan rampart]

You could try claiming rewards as ILV (via the Rewards page), and then try to withdraw your vested rewards again.

[uncut zodiac]

Can we stake ILV with ledger?

[last hawk]

You can connect your ledger to metamask and stake than.
I have connect my ledger on metamask as a hardware wallet.

[hazy walrus]

I'm having the same issue, also after claiming rewards

[deft basalt]

Hello there, I currently have SLP and ILV that were initially stacked that I can now withdraw. However, it looks like I still got as much reward as when it was stack and lock. Does someone know if these SLP and ILV still generate as much rewards as when it was stack and that I can keep it like this, or if I need to withdraw and restack them to get the staking rewards ?

[last hawk]

Yes you still get the same rewards.

[deft basalt]

OK thanks ! Will it be also the case for revdis ?

[cyan rampart]

Same deal for revdis, yes. You remain eligible for both yield and revdis if you leave your tokens staked beyond the lock period.

[deft basalt]

OK thank you ! 🙂

[lean laurel]

had a question about vesting

[brisk surge]

Your deposit continues to earn after it unlocks as long as you dont withdraw it.

Was that your question?

[lean laurel]

when i select 1, i can't select the others

i have a number of vestings that have matured

[brisk surge]

Oh if its a deposit on V1 then you need to withdraw them one at a time. Reward claims and any V2 deposits can be batch claimed.

[lean laurel]

yes, looks like i have 4 v1's and then 1 new one, which is the largest of them all

[lean laurel]

can i do the v2 1st?

[brisk surge]

You should be able to do it any order.

[tight apex]

noob question
checked to see if anyone else has asked this but i dont think anyone has

my vesting period 12months is up, wheres the rewards? i staked 1.45 ILV and if i was to withdraw its the same amount 1.45 ILV? am i missing something

[proven urchin]

You staked 1.45 what did you make on that like 0.0000001?

[tight apex]

exactly lol

[proven urchin]

Ummm

[tight apex]

at the time i staked ilv token the value was high , i dont think i got anything from staking for a year

[cyan rampart]

Did you look in the rewards tab?

[proven urchin]

Isn’t staking based off amount doe

[tight apex]

ill check again incase i missed something

[tight apex]

0.19 ilv

[cyan rampart]

Sounds about right for the ILV only pool.

[tight apex]

ok thanks i just thought i missed something

[cyan rampart]

Yeah, the average APR would be around 13% for the past year, which is about what you got in rewards.

[neon kestrel]

Is the ilv staking pool rate fixed or variable?

[cyan rampart]

Variable

[sturdy tangle]

does anyone knows if you staked for the whole period and the staking gets unlocked if you don't withdraw if it is still generating staking at the same weight?

[ember ginkgo]

It does

[cyan rampart]

Staking deposits continue to be eligible for yield and revdis after their lock period expires, at the same weight they were originally staked at.

[sturdy tangle]

thanks bro

[versed coral]

Which impact to the SLP price and allocation will it have if many people take them out to sell/convert to full ILV?

[cyan rampart]

You're talking about if people pull their SLP liquidity, swap the ETH portion for ILV, and restake the full value in the ILV only pool?

Barring anything other than people doing that specific thing, it would have a positive impact on both ILV and SLP price (ETH -> ILV will increase ILV's price).

At the same time, people withdrawing their liquidity would increase the APR for people who were still providing liquidity. Yield rewards are distributive - X rewards are split up proportionally between SLP stakers.

[craggy field]

A higher ILV price compared to Eth value would result in a lower ILV and higher Eth allocation per token.

Your SLP tokens are like a "claim" on X% of the total pool. So if everyone puts in more Eth to buy out their 50% in ILV, your SLP's "claim" will encompass more eth and less ILV.

[versed coral]

Yes. That’s my point. I have all my SLP unlocking by the end of this year. So my plan was to turn all of that ETH to ILV and stake in the ILV pool, because I believe the game will be out by then and revDis should provide better than the last months of the staking period

[cyan rampart]

That's certainly an option, I can't offer advice either way but I'm happy to explain the scenarios if you have questions about what happens when people do X or Y.

[versed coral]

The thing is, if other people think like me and therefore the APR of the SLP pool would increase then I could also simply leave it until the staking period is finalised. It was June 2024 if I remember correctly. So many decisions 😅

[cyan rampart]

NFA, but in a scenario where there's revenue from game launch, and yield is still happening, I'd expect a rough equilibrium to be reached. Lots of tokens will be unlocked (both SLP deposits and ILV only deposits), so if one pool pulls significantly ahead (after accounting for IL etc.), I'd expect some people to arbitrage between the pools.

[versed coral]

That’s definitely possible. I will just wait until the end of this year and see how it goes from there.

[left wharf]

Question for the staking lockup:
I do get higher ILV/sILV rewards if I lockup for more time.
Does that also apply for the revdivs?

[candid kettle]

yes, the bigger the lock the bigger the weight for revdis, being 1 month weight 1 and 12 months weight 2

[left wharf]

Appreciate your answer, thanks ❤️

[quaint socket]

Been getting this for a few days now?

[cyan rampart]

Are you able to try a different browser? That's worked for people in the past.

Disabling VPN could also be helpful if you're using one.

[quaint socket]

Yeah I guess I can try another browser, haven't changed anything so strange its just started happening. Only a visual issue as far as I'm aware though

[cyan rampart]

Weird, usually it only happens with less common browsers. Let me know if the issue isn't resolved by using a different browser and I can start a thread for us.

[worthy lark]

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.

[quaint socket]

its the same for safari and chrome

I think its the wifi network I'm using as it works fine on mobile when using data

[cyan rampart]

I'll ping you in a thread

[quaint socket]

Not sure theres much that can be done, the networks seems to a have recently installed a lot of new safety features that's resulted in many websites and features being blocked.

[ruby berry]

Hi! I'm planning to stake on SLP today. Is there a minimum amount to do it?

[candid kettle]

no, but be aware of the network gas fees before doing so

[ruby berry]

Cheers

[upper copper]

I was under the impression revdis will get distributed whenever the total eth reaches 500. The eth balance on immutascan is sitting at 715 eth and I believe they already withdrew the illuvitar portion for the safety pool up to this point. Any word on when they plan to distribute some of the revdis?

[hot vine]

They need to collect 15m for the safety pool

[upper copper]

Right but there was 254 eth prior to illuvitars going live and the illuvitar safety pool doesn't include the 3% transaction fees from illuvitar secondary market. Honestly I really don't care if all of it goes to the safety pool but if it's supposed to be distributed every 500 eth then would like to know where that stands.

[serene lava]

Ive been away from ILV discord, are you sure about the 500eth?

[gloomy gazelle]

All the fees the dao receives from anything on IMX (all the NFT sales and fees) go to the same wallet. But yeah there was some eth in there before the illuvitar sale and the safety pool IIP.

I believe Kieran mentioned something about testing out the imx withdrawal system. But those tokens won’t be moved off of imx for revdis for quite a while.

This. #📣〕announcements message Ah. Maybe it was not Kieran. Or maybe it was something rich shared in mod chat.

[upper copper]

Yes, Deraji confirmed the 500 eth in an email I sent him.

[upper copper]

I guess they'll need to separate the wallet at some point for clarity.

[cinder escarp]

is it smart to revert my SLP now that ILV price is much lower than a year ago so i get more ILV back for it or does it not matter because i will lose more eth if i do that?

[cyan rampart]

You can check it for yourself on an IL calc, there's a bunch you can google

#🥩〕staking message

[regal marten]

Basic rule of thumb is that you have no permanent loss when you sell when prices are in the same ratio as when you purchased. When it is not, some IL is taking place.

[cinder escarp]

Oke then ill wait

[dusty bramble]

Hey guys. I'm trying to withdraw my investment from the SLP pool and convert the SLP back into ETH and ILV on sushiswap. First they asked me to click approve, which I did, but I'm still not able to withdraw for some reason?

[quick dirge]

have you followed all steps like from this post?
#🥩〕staking message
i believe you are going to be asked first of approving spending/using your SLP (and this you got) but you still have to go for withdrawal/swaping your SLP

[dusty bramble]

Thanks so much!

[strange cargo]

Hi guys, my dashboard appears as if I have nothing staked. But I actually do have a lot of crypto staked. How can I view my balances?

[worn turtle]

Hey man, are you sure youre connected to the right address? And you can always try clearing cache and cookiees

[strange cargo]

Yes, i’m 100% sure. Trying on mobile too and getting the same result

The only thing that it shows is what I have claimed so far

[serene lava]

Oh shit. I got ya, thanks dude. I missed that update🤜🏻

[muted valley]

I unlocked my SLP from staking today. It went through on Ethescan.io.... Where are the ETH and ILIV...... they are not in my Illuvium vesting wallet nor in my metamask?

[brisk surge]

You have to go to sushi and use the SLP tokens to withdraw your liquidity from the pool.

[muted valley]

How do I sell them form my metamask wallet for ETH and ILV?.... it wont let me swap for ETH/ILV at the same time

[brisk surge]

https://discordapp.com/channels/760344898200666112/859866659011690537/1044720491543412806

[muted valley]

I did the link... then pool... trying to connect metamask and it says error.... after I hit link to connect... done multiple times....

[brisk surge]

uhh i dunno, it worked fine for me when I did it. Probably gotta wait for a mod to come along and help you out.

[muted valley]

ok thx

[gloomy gazelle]

I’m out on a hike. I’ll try to help a little. It sounds like you are having difficulty connecting to the sushi website. Is that correct?

If you can’t connect your wallet to the sushi site then try clearing browser cache.

[muted valley]

thanks will try

error while trying to connect.... used link to go to sushi app./ went to pool... connect wallet... hit metamask.... then error

[muted valley]

error while trying to connect.... used link to go to sushi app./ went to pool... connect wallet... hit metamask.... then error

[muted valley]

cleared cache also

[gloomy gazelle]

Restart the browser?

[muted valley]

will try it...

[gloomy gazelle]

Try turning off other wallet extensions as well

You can often use metamask to manually connect to a site as well

[gloomy gazelle]

You could also try using a third party defi tool like zapper

[muted valley]

I got into sushi swap and to the remove liquidity..... had that entered and it said approve (it is highlighted) and when I cllick on it...nothing happens

metmask is connected

[muted valley]

I got into sushi swap and to the remove liquidity..... had that entered and it said approve (it is highlighted) and when I cllick on it...nothing happens
metmask is connected

[gloomy gazelle]

Are you using any hardware wallet?

[muted valley]

It won't change to confirm withdrawal

[muted valley]

Yes Trezor

[gloomy gazelle]

Was the first transaction just a token use approval

[muted valley]

I used the Illuvium wallet to remove my reward after 1 year... then the SLP showed up in my Metamask/MEW wallet. Now I am trying to sell the slp

[muted valley]

The etherscan says unstake.....

[gloomy gazelle]

Yup. It sounds like you have the SLP tokens in your wallet.

I’ll open a private thread in #❓❗〕community-help