🥩〕staking

[muted valley]

It has the correct number of ETH and ILV when I try to remove them.... but won't let me get past approve

[gloomy gazelle]

It’s probably not getting to your trezor for approval

[fair wharf]

Moving my stakes to my hardwallet finally woo!!

[slow sandal]

Once vesting period over, do you stil get reward and revdis if you dont withdraw?

[ember ginkgo]

Yes

[winter wasp]

Question been asked already I guess.. when rev dis for illuvitar sale?

[final steppe]

Hey Phil-- with the passing of IIP-29, the first $15m of ETH revenue from the sale of Illuvitars will be placed in a "safety pool" to add to the team's runway for development. (Proposal here: https://gov.illuvium.io/#/proposal/0x7b20e1ea653608da5b31a5f2b54147c73a0854bd79439d08d4b88afdafbbfc15)

Once the $15m safety net has been met, then any revenues received from Illuvium: Beyond sales after that point are sent to the Vault for RevDis.

Hey Zodd-- double check that you have enough ETH in your wallet to cover the gas fees.

If you do, I recommend at least trying to clear your browser cache, close the browser and try again.

Then if that fails, try another browser as well-- then let us know if you're still facing issues 👍

[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.

[odd bone]

Hey Reminisc3nt I have $50 eth, I deleted the caches, I changed internet browsers 3 times, I do not know what to do anymore...

I have a ledger on metamask

[cunning perch]

Try updating your Ledger too. But usually changing browsers should help.

Try updated chrome and FireFox if Chrome didn’t work

Also make sure your “blind signing” is ON on your Ledger

[odd bone]

I have tried everything....

[cunning perch]

Hmmm, so browser change, browser update, cleared cache, updated Ledger, blind signing on... That's weird. I'd suggest changing wallets but never seen this after all the stuff above. @worn turtle do you know if there is anything else to be done here?

[worn turtle]

Just to be sure, once you updated ledger firmware, it turns blind signing off. So you made need to turn it back on otherwise can you submit a ticket on support page

?support

[worthy lark]

Illuvium Support

For support, bug reports, and feedback, please use the following methods to contact us:

• Bug reporting: http://link.illuvium.io/bug
• Feedback: http://link.illuvium.io/feedback
• General requests: email us at [e-mail]

[crystal plover]

So cruel that people who are blind need help to update to ‘blind signature’ every time they update firmware

[lime rover]

hi, i accidentally claimed silv instead of ilv, how can i sell the silv?

[digital kindle]

Are you trying to stake more ILV or SLP? It says transfer amount exceeds allowance, you have to increase the approval of your ILV/SLP

[odd bone]

No, no matter how much I want to stake, it doesn't work..

[digital kindle]

You might have used all of your allowance in a previous stake and now have a tiny amount left. You can go on etherscan and check this in the Token Approvals section (in "More")

[odd bone]

I checked I still have a lot of ilv and I would like the stakes 😢

[odd bone]

Yes he is approved

[digital kindle]

Not sure then, this is usually the cause of this error

[obsidian nebula]

but what about all the txn fees collected? those weren't included in iip29

[final steppe]

Trading fees from the IlluviDex are not being added to this safety net, as far as I know. Animositas did comment on this yesterday and confirmed: #🎨〕community-content message

[paper trellis]

Do you have to claim pending rewards before they are earning yield, thanks

[pure eagle]

?claim ,Yes

[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.

[noble lava]

Anyone having issues claiming rewards at the moment?

[regal marten]

claimed some 10h ago

[obsidian nebula]

So..... I'm new to hardware wallets. And getting a Trezor T soon. Wouldn't it be just as secure to link my existing metamask account to my Trezor as it would be to use a native Trezor generated account? As I understand it, even though my y metamask would still have the "compromised" seed that's been exposed to the internet, wouldn't it be impossible for anyone to steal my funds without access to my Trezor?

[craggy field]

If someone had gotten access to your seedphrase while it was "hot" they would be able to migrate your wallet onto their HW or metamask as well.

The thing is, they need the seed phrase. Not the hardware.

[obsidian nebula]

Got it. That makes sense

[obsidian nebula]

How does the interface work if your using a hard wallet on staking?

[cyan rampart]

You approve transactions on your hardware wallet. Otherwise it's largely the same.

[modern mica]

• Another question.. on the dashboard it shows a total value of my portfolio, plus a rewards section from staking.

Does the total value include the rewards from staking too?

[craggy field]

Im quite sure that the dashboard total value only adds up your current ILV and SLP staked value. When you claim the staking rewards, their value is added to that.
Revdis would go to your wallet address instead.

[full stump]

why i can't swap my SLP ILV/ETH on sushiswap? "price impact to high"

[cyan rampart]

You're likely wanting to remove liquidity as opposed to selling your SLP tokens. See: #🥩〕staking message

Generally speaking, most people don't trade liquidity positions, but if you're trying to turn it back into ILV + ETH, that link has instructions on how to do so.

[full stump]

yess that was exactly what i need to do actually

[full stump]

the same happens with silv2

[full stump]

how can i swap silv2 to ilv or eth ?

[gloomy gazelle]

sILV2 does not have an officially supported liquidity pool. So you’ll need to be careful and make sure you use a liquidity pool that is deep enough for your swaps. Last I knew there was a pool that some people have made on uniswap

[chilly abyss]

Just wanna make sure, if we claim our staking rewards after the staking period, the rewards will stop right?

but if we dont claim the rewards yet, the rewards continues to accumulate?

[gloomy gazelle]

If you WITHDRAW then the rewards stop. But if you do not withdraw it keeps earning.

[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.

[chilly abyss]

Sorry not sure what you're referring to when you said withdraw, is it the Staked ILV or Rewards?
I wanted to know if I only withdraw the rewards will it(original ILV staked) stop accumulating more rewards?

Just the rewards I want to claim not the staked ILV. Will it stop accumulating?

[gloomy gazelle]

What you withdraw will not earn. Because it will no longer be staked. Anything that you do not withdraw will still earn because it will still be staked.

Anything in the VESTING tab is earning. Anything that is NOT in the vesting tab is not earning.

[chilly abyss]

I see, got it. Better not withdraw rewards yet then unless the game is already out to withdraw sILV2 rewards to use in-game. then just Stake the ILVs again after withdrawing the rewards.

[gloomy gazelle]

PENDING rewards are not earning. They must be claimed as ILV first. This moves them into the VESTING tab and then they start earning.

[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.

[chilly abyss]

I know that Pending Rewards arent earning. It's the main ILV that I staked thats earning. I only wanted to know if I claim my rewards after unlocking my 12 months staked ILV will it still continue to give me rewards.

I staked 11 ILV for 12 months.
12 months have past, my ILV is unlocked.
I have a few rewards from staking 11 ILV.
I claimed the rewards, will my 11 Unlocked ILV still be accumulating rewards for me?

Thank you for your patience explaining this to me. I appreciate it alot!

[gloomy gazelle]

Your unlocked deposit continues to earn until you withdraw it.

[chilly abyss]

Awesome, got it now hehe. Thank you pelican! 🤝

[full stump]

and where can I found those that are not scammers? i have already a lot of friend request from stupid scammers

[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.

[gloomy gazelle]

You go to uniswap. And put in the sILV2 token contract.

[worthy lark]

Token Address

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

[eager lynx]

Is RevDis also locked when claimed? can't remember now

[gloomy gazelle]

Revdis is claimed directly to your wallet. Unlocked.

[eager lynx]

It makes sense. Thanks 🙂

[uncut zodiac]

Is there any way to find out how much ILV is being burnt and converted to sILV2?

[gloomy gazelle]

Technically no ILV is burnt. When staking rewards are claimed they are claimed as either ILV or sILV2. Those reward tokens are not minted until after claimed. So technically it just means that many ILV tokens were never minted. Thus reducing the total possible ILV token supply.

If you look up total minted sILV2 that’s the current stat.

This tool includes that. #🥩〕staking message

[cloud quiver]

Can someone please remind me where I swap SLP tokens

[gloomy gazelle]

It’s not a swap. You remove your liquidity. Here’s how. #🥩〕staking message

[clever swan]

Hey peilican I was asking if the seed investors and the team tokens were staked during their locked periods and fraggy sent me to your post here. So I was curious do you know if these were staking after the tokens were released from their locked periods or they were staking during their locked periods?

[gloomy gazelle]

Seed and team are staked for revdis only during their locked period. When the tokens unlock they would need to be withdrawn and deposited in the public yield farming pools to be considered staked.

[autumn path]

moi aussi et y en comme vraiment de tous ces escroc ..il faut que ca cesse tout ca parceque beaucoup n on pas confiance au crypto monaie a cause de tout ces menteur et voleur

[gloomy gazelle]

GoogleTranslation:

me too and there are really like all these scammers.. all this has to stop because many people don't trust cryptocurrency because of all these liars and thieves

A problem for sure.

[gloomy gazelle]

Check the pins in #💰〕token

Also, This spreadsheet has some info about that among lots of other info. #🥩〕staking message

[wooden kiln]

hi all, anyone able to help me with this error when I go to stake my ILV?

[cyan rampart]

Were you using a custom gas fee? This is likely caused by the gas fee you used being too low

[wooden kiln]

I used market, though my previous txn I did, then since it is still pending I just redid another txn

[cyan rampart]

Hmm, let me make a thread for us in #❓❗〕community-help

Careful of DMs.

[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.

[wooden kiln]

many thanks

[dreamy dust]

hi there, my SLP tokens are unlocked since a few days. But I would like to continue staking these tokens in the SLP Pool. Do I have to withdraw these tokens and stake them again or can I just leave it unlocked?

[cunning perch]

You can leave it in. It still generates rewards at the same weight.

[lime rover]

Hi how can i find the slp after unstaking?

[gloomy gazelle]

#🥩〕staking message

[brisk surge]

It could be due to the amount of approved tokens. You want to stake 10 ILV, but you probably have less than that already approved. Go to etherscan or revoke(.)cash to check and adjust approvals.

[turbid relic]

How easy will it be for investors to unstake when revdis from open beta starts?

Ie can all stalkers immediately unstake and sell their tokens?

Assuming these aren’t tokens received as yield that have a 1 year lock up

[regal marten]

I think a lot of investors are unlocked already, but they don't sell because it does not make sense. You don't lock up your tokens in return for an increased return, to then just sell them at the first setback.

[turbid relic]

Tbh I was doing some longer term projections and was trying to understand how elastic the number of stalkers at any one time would be

[regal marten]

I've been trying to do that with dune, but it's very hard to piece together when exactly a stake gets unstaked using only events. I've been wanting to double-down on my efforts but have not yet found the time.

[quick sorrel]

Hiya.
Are there currently issues with withdrawing vesting rewards?
I tested withdrawing revdis and pool rewards and that worked fine.
I'm getting the error I have seen others have gotten as well: "cannot estimate gas blabla unpredictible gas limit.

[cyan rampart]

I pinged you in a thread, be careful of DMs.

[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.

[quick sorrel]

Thanks. I replied. Always careful is the rule 👼

[gloomy gazelle]

If you’ve approved ILV (or anything else) for swapping in the sushi contracts in the last week (technically the last 4 days) you should take action to revoke those approvals (anything that mentions sushi). https://twitter.com/peckshield/status/1644907207530774530

https://twitter.com/pe1ican22/status/1645056102328078338?s=46&t=p1CJsdlT9FQTl67MJtiL_Q

PeckShield Inc. (@peckshield)

It seems the @SushiSwap RouterProcessor2 contact has an approve-related bug, which leads to the loss of >$3.3M loss (about 1800 eth) from @0xSifu.

If you have approved https://t.co/E1YvC6VZsP, please REVOKE ASAP!

One example hack tx: https://t.co/ldg0ww3hAN

Likes

1062

Retweets

518

Twitter · Apr 9, 2023, 3:36 AM

pe1ican22 (@pe1ican22)

Use https://t.co/5isCKPBTB6 if
https://t.co/Eb2R3neXqR is too busy

Twitter · Apr 9, 2023, 1:28 PM

My tweet has links to tools for revoking approvals.

[gloomy gazelle]

you can check to see if your address is vulnerable and needs approvals revoked. https://twitter.com/ZoomerAnon/status/1644949845277388803?s=20

Zoomer (@ZoomerAnon)

Dumped every address that approved the Sushi contract to spend any of their tokens on ethereum, bsc, arbitrum, optimism, and polygon here. You can ctrl+f your address to see if you're vulnerable

https://t.co/pFXjKNjh74

Likes

554

Retweets

183

Twitter · Apr 9, 2023, 6:26 AM

[granite halo]

I swapped some SILV2 to ILV on Uniswap yesterday, but that shouldn't have any relation to Sushi so I am assuming I am safe.

[candid kettle]

in theory if you haven't used sushiswap in the last 4 days you're safe, but it's always good to revoke contracts

[fading bay]

Guys i got a question on staking: my ilv/eth stakes has finished now their 1 year locking: now i got the withdraw option with a checkbox on the right: i don't want to withdraw and just let it maturate more rewards. What am i supposed to do? just leaving the things untached or should i do any other action ? thanks for answering

[ember ginkgo]

You don't have to do anything

[fading bay]

ty, whats the check box stands for ?

[ember ginkgo]

If you want to withdraw multiple at the same time

[fading bay]

as i always say, thank you for your help

[versed coral]

Is it safe to claim staking rewards? No impact of that sushi hack?

[cunning perch]

Staking rewards are getting locked on ILV. has nothing to do with Sushi. When you withdraw the rewards they go to your wallet.

That is when they are unlocked ofc. Unless you claim as sILV2 that goes strait to your wallet

[versed coral]

I had staked & approved ILV 2 weeks ago, also checked the list for my eth address and I was not on there, so I assume I am safe?

[cunning perch]

Afaik the contract that got hacked was for those that used Sushi 4 days ago and after. Just make sure to revoke permissions every time you make a TX, or at least give it a limit. If your address is not in the "hacked" list, then you are good.

[versed coral]

Alright, thanks

[versed coral]

Does it make sense to revoke all permissions on a wallet? I currently have 3 permissions that I can revoke. One is the approving of SLP on sushi, the other one is the supply of liquidity to create slp which was from 2022 still though. The allowance mentions unlimited though which isn’t that good I guess?

And if I revoke my SLP approving, what impact will it have? Do I need to approve again when I want to stake new SLP, or whenever I want to claim?

[candid kettle]

if you revoke you will have to pay the gas again if you are going to do the same swap

[versed coral]

But If I revoke the approving of SLP it doesn’t cancel my staking or anything like that?

[candid kettle]

it does not cancel the staking or anything like that, what happens is that the revoked contracts are no longer allowed to change your balance, when you interact with the revoked contracts you will have to sign again

in theory if your contracts are older they were not affected by the sushi hack

[versed coral]

Yes I have the swap and approving from last year and the third is when I approved sILV2 for IMX bridge. But I have a limit of 0,07 sILV2 there

Is it possible to change the limit or do I need to revoke and approve again by setting a limit?

[candid kettle]

it is possible to change the limit, but it is a more technical change and I do not recommend that you do it without knowing what you are doing, the ideal is to revoke the contract if you believe it has been compromised

[wraith raptor]

Exactly 1 year ago I invested $11500 in ETH-ILV staking. I got 3000$ and 1700$ in sILV2. A loss of $6700(-68%). ILV has fallen from $550 to $58 and eth has fallen from $2800 to $1840.
For those who want to know the price of unstaking, they give the same amount of ILV as ETH.
I still have about $1500 left in staking. The main reason why I decided to liquidate the stake was undoubtedly the postponement of Illuvium Zero and the few explanations received. There are many ads for Illuvium Beyond and none for illuvium Zero. I still have 42 lands. Lands and Illuvium zero will recover at the same time. Now you have to accept that something has gone wrong and reinvest in other projects.

[crystal plover]

You can contact @silent wigeon to offload your lands.

#🛒〕land-dex message

[bronze hazel]

Hi can any one explain how should i stake token from binance ? Step by step i can stake upto 3 years with good No of tokens

[craggy field]

look into how to send your tokens from binance to a metamask wallet (an extension that you add to your browser).
Then interact with the staking program on the official site through your metamask extension.
take care to never interact with Direct messages outside of this server as those will try to steal all of your money in any way possible.
Ensure that you use a hardware wallet, since you would have those tokens locked up for a while, and you don't want anything bad to happen to them in the meantime.

and then you can simply stake them on the site.

[bronze hazel]

Ok fine i have metamask wallet account let me try with 1 ilv after that i will stake my all tokens

[craggy field]

ensure that when you send the ILV to your metamask wallet, you explicitly put the blockchain to Ethereum instead of BNB blockchain. i thought that was a thing.

[craggy field]

and if you don't already have a hardware wallet, please buy a trezor or Ledger wallet before staking a significant amount of ILV.
We have had tens, if not hundreds of people lose out on their stake due to the wallet being compromised. Just buy that Ledger/Trezor, stake with it and stow the Hardware away for a year.

[gloomy gazelle]

Yeah. If you expect your deposit to be worth more than $100 in a year then buying a hardware wallet would be the safe thing to do.

You can look up “metamask hardware integration”

[craggy field]

he said "good no of tokens" which I guessed was more than 100$ worth 😄

[chrome cave]

Tangem wallet

[proud osprey]

Anyone share some info or link on connecting to hardware wallet for already staked ILV?

I had asked before and was told that it is possible but I would like to know a little more about how complex it is before I buy a Ledger (or another hardware wallet if it makes much of a difference)

That is on V2 staking 😄

[cunning perch]

Asking for links in public channels is a recipe for getting scammed. Wait for Rich (the CM) to get online then he can create a thread and guide you through it.

Also DMs are scams too, so be careful

[proud osprey]

Thanks for the reminder, I had already received DM's that I just ignored but I thought that a link posted here would be safer to look at as someone would call it out real quick if it was dodgy. I haven't actually bought a Hardware wallet yet but I am keen to do as much as I can to protect my ILV (I'm in it for the long run), so if it is possible without re-staking, and without it being insanely difficult, (still a bit of a newbie in some respects ), then I'll do it. Appreciate all the help and comments you guys give

[gloomy gazelle]

If you google “metamask hardware integration” you’ll find the info you need to get your hardware wallet ready to use

[proud osprey]

Thanks, I had googled the subject but I couldn't find anything specific on connecting a Hardware wallet to MM when I have already staked my ILV (V2).

Some of my ILV is unlocked, some is not. I didn't want to risk f***ing it up and losing it just because I wasn't 100% sure of what I was doing and so I thought it better to ask for suggestions/tutorial/help 🙂

Oh, and more importantly I didn't want to lose the 2x weight just cause I cocked something up 😁

[gloomy gazelle]

Did you ever use your current wallet to stake in the v1 contracts?

[viscid otter]

in the next epoche ilv staking rewards dont get lowered anymore?

[craggy field]

That image is just off. It does continue to go down. It just wasnt changed to show it.

[lyric needle]

from my understanding how it should look... also there are 80 lines, did it change to 78 for v2?

[gloomy gazelle]

Each epoch the amount of ILV being distributed is multiplied by 0.97

So there is a 3% reduction in the amount of ILV being distributed to both pools each epoch.

[gloomy gazelle]

The number of lines on that old chart are not contractual but are just a simple visualization. The staking contract lasts for 3years=52*3weeks=78fortnights=78epochs.

[lyric needle]

makes sense thanks. there are also 80 lines on the current staking site. I guess if this section ever gets updated that could be added to the list of changes.

[proud osprey]

No, I only staked in V2, (so some have only started to become unlocked in the last couple of months). My concern was whether I could link my existing staked ILV to a hardware wallet using the new hardware seed without losing the 2x weight. It was something I could not find a definitive answer to with google, and as we all know google can be your friend, but it can also give you a load of crap as answers so I am weary of the google results.

Damn these DM's are quick "pelican | Illuvimod
#9377"

There must be a way to block these fake accounts?

Anyway, blocked as normal 😆

[gloomy gazelle]

I’ll add you to a private thread in #❓❗〕community-help that has some info you’ll need.

[true wyvern]

Hello I staking sILV2 after when sILV2 will be unlocked I can sell or trade this tokens?

[candid kettle]

there is no sILV2 stake, sILV2 can be claimed as a reward, as soon as you claim sILV2 the token already goes to your wallet

when you claim in ILV the ILV is in a lock of 12 months yielding and eligible for revdis with weight 2 during the lock

[true wyvern]

I mean about stake slp is almost finished an I wanna asking how I can sell or trade this tokens? Thanks for helps

[candid kettle]

#🥩〕staking message

undo the SLP token this way, don't try to swap the SLP token

[worn turtle]

Will be eventually yeah we actually are going to try to collate feedback on web products better so web team knows what people want, like/dislike etc.

[fickle ore]

hi where can i see the revdis info in ilv staking site?

if i remember correctly, there was a revdis graph in the staking site but now it's gone

[gloomy gazelle]

These are the different tabs in the staking page’s drop-down menu. I do not remember there being a revdis graph. Maybe there was but there is not a revdis graph now.

[viscid otter]

Unlocked ILV from slp rewards must be withdrawn or can i leave them there and get revdis for them?

[candid kettle]

even after the lock period ends, the rewards continue to yield and receive revdis at the initial weight

[robust meteor]

Still worth staking in the ILV/ETH pool?

[gloomy gazelle]

Here’s the APR currently. Yield farming continues for over a year still. But the amount of ILV being distributed does go down over time.

[cerulean flower]

to receive revenue i must to stake the ilv token? or if i own ilv and keep in wallet (metamask) will receive revenue?

[ember ginkgo]

Only staked tokens can receive it

[cerulean flower]

thank you

[versed coral]

I’m really looking forward to the revDis - sell pressure cycle that’s bound to come. Like if an absurd percentage of tokens are all staked and the quantity in open market is very low etc. think it’s gonna be quite amazing

[fickle ore]

where can i see the revdis info in the site now?

[gloomy gazelle]

There is no revdis info. Only how much revdis you have in your rewards. I honestly don’t remember ever seeing a revdis graph

The REWARDS tab has the only info you’ll find

[fickle ore]

hmm ok, maybe the graph was only in my dream 😅,
i just cant remember but i'm 100% sure i saw the word "revdis" in the site . i just dont know where

[gloomy gazelle]

It would have been on overview tab if it was a graph. You should see your info in the dashboard tab too

[pseudo minnow]

Someone got the link for the revdis pool?

[gloomy gazelle]

Yes. It’s pinned in here.

#🥩〕staking message

You may also want to know what the safety pool is…

This is the DAO wallet that contains the Safety Pool on etherscan.

https://etherscan.io/address/0xba085e0a14801c8c7a919a90304e75cabb7e3917

[pseudo minnow]

Thanks 🙏

So nothing new since 12 days 😅

[gloomy gazelle]

The only revenue right now is gonna be from the IlluviDex. And that wallet in the message I linked to has over 500 eth and it grows with each transaction fee

[ember ginkgo]

But only if #1096046857358155927 doesn't get accepted by the council 😉

[gloomy gazelle]

Either it goes to revdis or to safety pool. Either way it’s revdis eventually. And revenue now.

[vapid gale]

When a vesting period is over does the ilv's stop being staked and get revdis. Do i need to withdraw to restake, how does it work? I dont want to withdraw

[gloomy gazelle]

When the vesting period is over the tokens unlock so you would be able to withdraw after that point. But they keep earning. You do not need to withdraw.

[last hawk]

Starting small and Rise over time.

[opal cedar]

2ilv daily, damn that´s nice

[last hawk]

Ya that would be nice.

[spice schooner]

Quick Q, I realise staking rewards you don't withdraw off the platform sit and earn yield and RevDis.

Is it the same for SLP you don't withdraw?

[craggy field]

Rewards that you dont claim will nót earn staking yield.
Once you claim them, they move into the ILV pool and then they will earn yield. whether they are locked or not does not matter as they will continue earning staking yield.

SLP works the same way. As long as you keep the tokens on the platform, whether ILV or SLP in their respective staking pools, they will continue to earn staking rewards.

[spice schooner]

Thanks mate

[lost trench]

One of the biggest mistakes people make in life is in thinking small steps don't matter.

[faint shadow]

Gonna be the best ticket in town

[small island]

Hello, I have an SLP position (v2) that is unlocking soon and I want to move it to another wallet. Is a transfer possible and if yes how (UI / need to call on a smart contract via etherscan ?) ?

[pure eagle]

?support ,yes it's posible go through the support channel and they'll sort you out 👍

[worthy lark]

Illuvium Support

For support, bug reports, and feedback, please use the following methods to contact us:

• Bug reporting: http://link.illuvium.io/bug
• Feedback: http://link.illuvium.io/feedback
• General requests: email us at [e-mail]

[small island]

So this sounds like a general request via email ?

[craggy field]

You will have to migrate it on Etherscan. I know the mods have gone over this with a few others in private threads in this discord. (with Rich I think)

@gloomy gazelle I understand that this is not the proper way to go about this since you can mail... If this goes against protocol then please tell me if I shouldn't refer to this. Otherwise could you add him to that thread?

[ember ginkgo]

You have to make a support ticket for this from now on.

[craggy field]

sadness
But OK, i won't bother you guys about it anymore then!

[proud osprey]

Thread has disappeared? I got my hardware wallet now so want to re-read the thread please

[ember ginkgo]

You'll have to make a support ticket. The thread has been closed.

[worthy lark]

Illuvium Support

For support, bug reports, and feedback, please use the following methods to contact us:

• Bug reporting: http://link.illuvium.io/bug
• Feedback: http://link.illuvium.io/feedback
• General requests: email us at [e-mail]

[proud osprey]

Closed! ffs! I only read it a week ago. So if the support is now email does it all correspond over email? or does it come back to a link on discord?

can I view the closed thread some how?

[ember ginkgo]

No, you have to make a support ticket.

[proud osprey]

ok, thanks for the clarification on that. So if the support is now email does it all correspond over email? or does it come back to a link on discord?

[ember ginkgo]

I assume email

[lost parrot]

Hey guys, I would like to know what the eth/ilv pool brings to the protocol and how it works.
Why not stack directly on sushiswap?
Where does the 50% of APY come from?
This pool does not allow to buy and sell the token it just allows to lock the liquidity ?

[candid kettle]

because sushiswap does not own the ILV tokens that are rewarded to the stakers
comes from a contract made by the DAO that distributes rewards according to the number of tokens in stake
the LP token must not be traded, it must be undone so that you can take your ETH/ILV tokens in your proportion

there is a lot of content in the pinned messages here and in #💰〕token explaining reward caps, how revdis works and other details you might want to take a look at

[lost parrot]

So the pool don't earn trading fees from sushiswap, APY is just made of incentive ?

so you first you add liquidity on sushiswap, you bring liquidity and earn trading fees as normal LP. And then you compound this LP by locking it on Illuvium and you earn incentive on top of that ? I'am right ?

[candid kettle]

the DAO provides liquidity in the sushiswap pool and has staked tokens so there is a receipt of fees and tokens to the DAO, but the stakers do not gain from providing liquidity unless you stake at sushiswap to earn the exchange token , otherwise you stake on the official website and earn in ILV by putting your tokens in lock

[candid kettle]

?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

[lost parrot]

Liquidity Pool

[lost parrot]

Ok I get it, so it's the DAO that earn trading fees from sushiswap and distribute it to ILV/ETH lockers

in ILV token

[candid kettle]

the fees go to the DAO treasury, they are not distributed as a reward to the stakers, the rewards can be claimed in sILV2 (fall directly into the wallet without a lock period but can only be used in direct purchases with the DAO and within the game) or in ILV (which have a lock period of 12 months after the claim and yield rewards and revdis during this period)

sILV2 has the same price as ILV for authorized transactions, for each sILV2 that is claimed at stake 1 ILV is no longer mined in the rewards contract

https://illuvium.io/news/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[lost parrot]

Yeah I know this part. So 50% APR is only incentive right ?

[candid kettle]

the rewards are incentives, revdis comes from the profit obtained with the DAO, tokens that go to the treasury and are distributed to the stakers later

[lost parrot]

Last things, by adding liquidity and obtaining SLP you provide liquidity to sushiswap so you earn trading fees ?

[gloomy gazelle]

Yes. The trading fees on sushi remain inside the liquidity pool (except for small 0.05% that is distributed to sushi LP stakers as $sushi tokens, that is NOT an illuvium staking protocol). The fees remain in the liquidity pool and therefor are inherently included in the valuation of any sushi LP tokens. Eventually, when a liquidity provider takes their sushi Liquidity Provider tokens and removes their liquidity they will receive more tokens of the token pair because they are withdrawing not only their deposit but also the fees. (This does not account for potential impermanent loss experienced due to divergent token prices)

[gloomy gazelle]

No the ILV DAO does not collect the trading fees from the eth/ILV liquidity pool. The Liquidity Providers do.

The fees just stay in the pool. So anyone that owns SLP and later removes their liquidity gets their earned fees.

Sushi has a big doc all about how the protocol works.

Here’s the new version of their documents.

[onyx flower]

Silv2 dex volume really dried up

[candid kettle]

thanks for correcting the information

the DAO provided liquidity in the beginning but I believe it was withdrawn completely correct?

[gloomy gazelle]

The DAO had been providing liquidity. And had staked it on sushi’s protocol to receive the sushi rewards. But not anymore. The DAO has completely removed it’s liquidity.

[whole nexus]

Hi! I would like to understand what will happens to the SLP token once the staking rewards will be gone ? I mean what will be the valuation of SLP, how it will be calculated ?

[craggy field]

The value of SLP is calculated through a formula that is shared on the Sushiswap FAQ. It consists of a portion of the ILV in the pool and a similar value in Eth.

The yield farming within the staking pool has no impact on the value of SLP. I mean, it provides value in the sense that it has a purpose, but SLP just is a token that guarantees you x% of the liquidity in the SLP pool. This means you get X dollar in Eth and the same amount in ILV. And that is what determines the valuation of SLP.
On Zerion you can find the price of SLP over a certain period of time. As you can see, fluctuations in the $ value of both ILV and Eth affect the price of SLP.

[regal marten]

It's pretty minimal, though, it depends on the trading volume in the pool. If I extrapolate those rewards from jan until now to this year, I arrive at 2% gains. There's a site called apy dot vision that you can use to find more insights.

[craggy field]

Yes the fees and thereby returns on providing liquidity are really small. I had gained 1.07% over a year when I removed liquidity.
The team did share that they could change the pool's fee structure at some point or outright migrate to a different pool. The current fee structure just doesnt incentivise more liquidity with the current volume.
Probably this means that the liquidity will drop until the returns balance out the risks.

[slim pier]

What’s up stakers, when you guys receive ILV as a staking award, and it takes 12 months to vest (And you can’t withdraw the reward until it vests) that ILV staking reward wouldn’t be taxable income until it vests right?

Like, it’s not fair to say that I earned 3 ILV worth of income in November 2022 if that’s just when I hit the “Claim rewards” button because it won’t let me access the rewards until November 2023 when it vests

[cyan rampart]

The tax implications of staking vary from region to region, so it's super difficult to say how it might be viewed in your region.

I know there are regions where staking rewards aren't taxable until they are in your custody, but I'd definitely say consult a tax expert who knows the law where you live.

[tight star]

Can someone please help me understand my V2 UI?

Is the "Vesting" tab where I withdraw my staked SLP tokens and my staked ILV from their respective pools? Or is that page showing my claimed rewards that were vesting???
I also see that on my rewards page it says I have pending rewards. And the popup I got when connecting my wallet stated that "pending rewards" are rewards from V1. But if I recall correctly, I withdrew all of my rewards from V1 and restaked them when V2 went live.

I'm really confused

[cyan rampart]

You can see all your staked positions (SLP or ILV) in the Vesting tab. That's also where you'd go to withdraw any staked positions. The Rewards tab shows your unclaimed rewards for each staking pool (SLP or ILV), as well as any pending revdis.

I'm not sure which popup you got, but it shouldn't really affect anything if you upgraded from V2. Clearing your browser cache can cause a popup to appear when you reconnect to the staking page, even if everything has been upgraded.

[slim pier]

Hey thanks for the response. Ya regions definitely make a difference. I’m just trying to ask around to see what the general feel is. You don’t have to share your region if you don’t want to, but what did your tax expert say to do for your staking rewards? I really appreciate it. Just trying to get a feel

[cyan rampart]

It's complicated in my region - I think it is in a lot of regions. I'm not going to say how I pay taxes for 2 reasons:

1. I don't want to mislead you into just doing what I'm doing, because even where I live, there are multiple possible approaches.
2. I'd like to keep my region private.

[tight star]

Ah understood. Ok thanks for the help!

[oblique forge]

Hello I need some help with my Staked ILV ....

[gloomy gazelle]

What’s up?

?support is available through the zendesk page as well

[worthy lark]

Illuvium Support

For support, bug reports, and feedback, please use the following methods to contact us:

• Bug reporting: http://link.illuvium.io/bug
• Feedback: http://link.illuvium.io/feedback
• General requests: email us at [e-mail]

[oblique forge]

ok... so my meta mask got hacked months ago.... and dick kings showed me how to move my slp to a new wallet... but I wasn't able to move my ilv for some reason.... so now 2 of my vested ilv are open for withdrawal 1 being a reward.... When V2 came out, I think I coverted everything but i'm not sure.... for me to withdraw both ilv that was staked and reward can I do them together or do they have to be done separate?..... and is it possiable to now withdraw and have it switched over to a diff. wallet?

not withdraw*

[gloomy gazelle]

You could not move the ILV because the v2 contracts do not allow those v1 ILV to be moved. Only the SLP.

[oblique forge]

so that means I have to pay gas twice to withdraw both?

[gloomy gazelle]

Your ILV must be withdrawn. As far as I know. Perhaps the team has come up with something. Contact them on zendesk.

https://illuvium.zendesk.com/hc/en-us/requests/new?ticket_form_id=5275735354767

[gloomy gazelle]

You can use the vesting tab to withdraw all unlocked tokens in a single transaction. This usually saves gas.

[oblique forge]

how?.... when I click on 1 it just asks me how much would I like to withdraw and I am not able to click on the other unlocked token

[gloomy gazelle]

You click the empty checkbox next to the withdraw button for each unlocked batch

[oblique forge]

when I click on one check box this is what I get... and I'm not able to click on the other

[gloomy gazelle]

Are they both rewards? Or is one a deposit and one rewards?

[oblique forge]

one is a deposit, one is a reward

[gloomy gazelle]

I think this is what keeps you from withdrawing both at the same time. Maybe @worn turtle can confirm that for us…

[worn turtle]

Yeah one sec I’ll check but thought you could withdraw all

[gloomy gazelle]

Yeah me too

[oblique forge]

maybe it's just my luck....

[gloomy gazelle]

Ui bugs are never truly unique. Someone else is gonna experience the same thing if it’s a real bug.

Anyway. I’m going to sleep. Good luck.

[worn turtle]

I’ll check for you and ping you in a few

[oblique forge]

ok thank you... I'm going to bed soon... so If I don't respond I will in the morning

[whole nexus]

Oh ok thank you, if i correctly understand, even if staking doesnt exist the SLP are existing anyway and the value just depends on the value of both ILV and ETH right ?
2/ Right now, having SLP allow us to get staking rewards but once staking rewards ends, if i hold them into my wallet i will collect fees from sushiswap pool ?
Thank you

[craggy field]

1. yes staking has no impact on the value of your SLP in a direct sense.
   When the staking rewards decrease, you may however see people removing their liquidity and selling their ILV which would potentially bring down the value indirectly.

2. right now your SLP will gain staking rewards alongside the fees from the sushipool.
   The fees are negligeable because so many people were staking for the staking rewards. But yes, once staking rewards end, you will probably see less SLP staked and held, and thereby the rewards from fees will go up as the staking rewards go down.

[whole nexus]

Oooh ok so we can see a SLP price goes really up again right ? All depends on valuation of both assets ?
Basically, if the price of SLP isnt good at the moment of staking ending, i can hold them through the next bullrun and sell them at a good price right as he was in the past ? ( i bought them at around 3-4k each ^^ )

[craggy field]

For sure! The value of SLP is just the combination of Eth and ILV. If those two assets go up in value, so will your SLP.

[whole nexus]

Last question ^^ After staking ends, i just need to hold the SLP into my wallet to get fees from the pool or i need to "stake" them into sushiswap ?

[craggy field]

You don't have to stake the SLP tokens to earn those fees 🙂

[whole nexus]

But where they go ? I need to collect them ? ^^ Or i collect some additionnal SLP time by time ?

[craggy field]

once you remove liquidity from the pool, the fees will be "converted" to additional SLP tokens and you will gain your initial amount + the total of the fees in Eth+ILV back.
so say if you stake 1 SLP now, and then come back in a year and remove the liquidity, you gain 1 SLP + a little bit of SLP in fee-returns

[whole nexus]

My case is that i got 3.5 SLP, so it's when i will decide to sell them that they will add a few SLP before my sell right ?

[craggy field]

yes when you go to Sushiswap and remove your liquidity, basically convert them back to ILV and Eth, you will get a little extra Eth and ILV.

[whole nexus]

Awesome! You answered all my questions , thank's a lot bro! ❤️

[craggy field]

anytime 🙂

[orchid gorge]

My staking period ended, i want to stake again but can i just restake it somehow or do i have to withdraw and pay the 34 euro’s fee my wallet asks for

[ember ginkgo]

You don't have to do anything, as long as you don't withdraw it, it stays staked

[orchid gorge]

Great, thank you

[pale walrus]

I have this same issue

[worn turtle]

Will get back to you

[deep plinth]

$30 to claim ILV & ILV/SLP right now? Lmao, right when the ETH chain was supposed to get better...

The ridiculousness of ETH's layer 1 fees more than anything the ILV team does shakes my confidence in this project's success.

[gloomy gazelle]

Yeah gwei is pumpin

[delicate plaza]

They have said claiming revdis will ideally be on layer 2 in the future so long term probably won't be an issue (staking would have finished up by then). Also ETH hasn't actually had the upgrades yet that will help lower fees

[sturdy ember]

if i dont withdraw is it then just still staking?

[cunning perch]

Yep

[worn turtle]

@oblique forge We have a limitation that we can only withdraw the same type of rewards. Like you can only withdraw multiple deposits or multiple rewards. It's about doing only one blockchain transaction, if you want mixed withdraw all we will be doing 2 transactions anyway, this also applies to v1 stakes so technically 3 different flows that you would need to withdraw separately. But if its same type you can withdraw multiple.

[oblique forge]

Ok so multiple gas fees then.... Got you!

[worn turtle]

Only for the different types

[hollow herald]

When the staking rewards end, what incentive is there to stay staked in the SLP? Only the ILV portion of that will receive rev dis correct?

[craggy field]

it will be the same as providing liquidity to any other pool. + Revdis for the ILV portion.

[hollow herald]

So we will just get the rewards from sushi? Are the sushi rewards already included in the current staking rewards we are receiving?

[craggy field]

sushi rewards are not included in the current staking rewards. You get extra fee-rewards for volume traded in the Sushiswap ILV/Eth pool. (was about 1% orso last year)

[hollow herald]

What happens if the rev dis return from the ILV pool significantly outweighs the returns from the SLP? Everyone will move over to the ILV only pool right?

[gloomy gazelle]

If the ILV pool is getting significant revdis then it would likely mean increased trading volume in the eth/ILV liquidity pool, since revdis is eth swapped into the eth/ILV pool that then gets distributed. This could increase in trading volume might end up being enough additional incentive for liquidity providers.

But if it is not enough incentive then there are several options available to the DAO to incentivize liquidity providers.

[lusty pecan]

is there a vault with all the sushi rewards Illuvium has earned so far?

[silent wigeon]

Is there anyway you can increase locked up time after it is already locked?

[cyan rampart]

No - You can't increase the staking weight or the lock period on a locked stake.

[cyan rampart]

It's just the Treasury.

[tough shoal]

Hey guys, if my staking locked period has ended and is ready for withdrawal does it still earn rewards or just rev dis?

[swift belfry]

It is still earning.

[tough shoal]

Thanks Mushroom person

[swift belfry]

No problem. 🙂

[tough shoal]

Does it earn at the weight you locked up originally or does it revert to base weight?

[swift belfry]

It keeps the same wheight. So if you locked for a year, it is still 2.

[tough shoal]

Sweet, thanks!

[thick crypt]

Do ILV/ETH SLP holders collect Revdis?

[arctic yacht]

Hey everyone. Quick question. I have previously staked ILV 2 weeks ago in the pool for 6 months. Can i add more ILV to the staking pool? Thanks in advance 🐻😃

[quick dirge]

yes, but only for the ILV part of it

[quick dirge]

totally, you can add funds to staking pool anytime you want

[zinc tangle]

Gm guys what’s the % ilv/weth ape

[quick dirge]

https://staking.illuvium.io/staking
(if staked for 12m)

[night sentinel]

This may be a dumb question and I’ll honor the comments haha. I’ve staked my ilv/eth and ilv since 2021. Never withdrew anything. The original stake and the rewards I claimed and kept staked all say V1 next to them. The newer rewards don’t. Do I have to withdraw those v1 ones and restake them or can just keep everything as is?

[worn turtle]

As long as you migrated you don’t have to do anything

[night sentinel]

Yeah I did all that when it was launched. Just wanted to make sure the v1 symbol wasn’t an issue.

[earnest valve]

hey guys, once my vesting period is over do i need to click the withdrawal button and restake or does it restake automatically?

[gloomy gazelle]

It merely is unlocked at the end of the vesting period. It remains staked and earning. Until you withdraw it.

[earnest valve]

ok cool thanks 🙂

[shy juniper]

hi guys, will staking always only be on L1?

[gloomy gazelle]

It will certainly be on ethereum mainnet until the end of yield farming (end of June 2024). After that it’s possible that the DAO will choose to move staking to an L2.

[shy juniper]

gotcha thank you ser!

[amber geyser]

I staked my funds over a year ago. Now they are unlocked. Can I just leave them and they will continue to earn 2x rewards or do I have to withdraw them and look them again?

[remote sandal]

You can leave them, no need to restake

[ember ginkgo]

You don’t have to do anything

[past glacier]

do you think ILV > land if you dont want to have much effort?

[gloomy gazelle]

ILV staking is passive. Land provides fuel tokens only if you play the #🎮〕illuvium-zero game

[candid kettle]

there is no right answer, it will depend on many parameters

[lost trench]

Technically, you don't have to play land. You could either have someone else play it or let it sit and do nothing. If you think the value will go up later you can buy now and sell then. Or you can just get ILV which is totally passive or you can stake ILV if you want to do a tiny bit of effort. Or you can buy Illuvitars and hold them if you think their value will increase. Or you can buy sILV2 and sell it later. There are a lot of different options and you have to decide for yourself what you think will be the best and what works for you.

[dire isle]

Hello, I have connected Metamask wallet to staking.Illuvium.io . I am on ETH network in MM. Firefox browser.. I keep getting a message at top right saying NETWORK ERROR WHEN ATTEMPTING TO FETCH RESOURCE.. what is the problem please?

[cyan rampart]

Hey DJC, can you submit a ticket here?

[worthy lark]

Illuvium Support

For support, bug reports, and feedback, please use the following methods to contact us:

• Bug reporting: http://link.illuvium.io/bug
• Feedback: http://link.illuvium.io/feedback
• General requests: email us at [e-mail]

[cyan rampart]

The support team will help you out. No one will DM you to provide assistance, so watch out for scammers.

[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.

[dire isle]

Not sure where you mean.. Submit a ticket where please?

[cyan rampart]

?support Follow the link here for Bug reporting.

[worthy lark]

Illuvium Support

For support, bug reports, and feedback, please use the following methods to contact us:

• Bug reporting: http://link.illuvium.io/bug
• Feedback: http://link.illuvium.io/feedback
• General requests: email us at [e-mail]

[dire isle]

Thanks.. submitted.. In the meantime, can I upload a screesnhot here to ask a question about it?

[cyan rampart]

It would be best to wait for the support team to get back to you. They have tools to assess what's going on and track the issue, follow up with you etc.

[dire isle]

I have a question about my vesting and rewards..

[cyan rampart]

Oh sure, if it's not related to the error, ask away.

[dire isle]

How can I upload a screenshot though? There is no icon to do so here..

[ember ginkgo]

He is not a ranger, he can't.

[dire isle]

I do not have that plus button at this end..

[cyan rampart]

I just started a thread for us, you should be able to post in there.

[dire isle]

Where do I access that thread please? Can't see it here..

[ember ginkgo]

#1100432832175808613 message

[gloomy gazelle]

This thread name is

https://tenor.com/view/hmm-suspect-gif-22611582

[ember ginkgo]

😏

[rapid granite]

The 12 months locking period is crazyyyy

But promotes investment and quick flipping. I like

[hexed gull]

I staked into the eth/ilv liquidity pool some time ago. Not too familiar with how this works so was wondering if someone could tell me what I would receive in eth & ilv if I withdraw my 1.13 SLP?

[gloomy gazelle]

I’ll check. Something like Zerion or zapper will have that info.

But essentially your SLP token is always going to be 50:50 eth/ILV. So however much it’s value is combined… half of that usd value is eth and half of that usd value is ILV.

At the moment this is the make up of one eth/ILV SLP token

So like $342*1.13= $386.46

Which means your 1.13 eth/ILV SLP will get you something like $386.46 in ILV and $386.46 in ETH if you withdrew your liquidity right now.

[hexed gull]

Got it. Thanks so much for taking the time to gather this and explain it

[minor notch]

Hi team

I have stacked 10ILV for 3 months, and arriving at the end date impossible to withdraw my earnings and recover my stacking! How do I do it?

[cunning perch]

any ILV claimed as rewards will have a 12-month lock. You can withdraw whatever is unlocked under the vesting page.

Also DMs are scam

[hushed forge]

unlocked tokens are still earning yield correct?

[craggy field]

yes, unlocked tokens will continue earning yield rewards. No need to withdraw and stake again!

[hushed forge]

Thanks!

[stuck skiff]

Hi guys. What date does staking rewards finish? And what happens to locked slp tokens after this date?

Reason i ask is I want to move my slp to a ledger. But it’s still locked til later in the year. So I move it late 2023, relock for 12 months, need to now what happens after staking rewards finish

[craggy field]

Did you stake it on Version 1 staking? Indeed then you will have to unstake and restake. Otherwise if you staked past march 2022 you should be able to transfer your stake manually on the ethereum blockchain without having to withdraw.

Staking yield will continue until 2024 July 1st. After that, the pool will possibly see a change in fee-structure and/or a change in pool. Sushiswap saw a small contract issue a little while ago which could provoke the community to write an IIP/ICCP to change the origin of the pool at a later date.

If this does nót happen, then the fee structure of the current pool may see a change. That, or the liquidity will become less until providing it makes sense again in terms of ROI.

[burnt ether]

Hey guys!
About RevDis they buy ILV from the market with the profit they made to pay who is staking?

[lusty pecan]

correct

[worthy lark]

Illuvium Revenue Distribution

ICCP-3 Revenue Distribution Decisions aimed to ensure sustainable revenue distribution for the long-term operation of the DAO, and to provide clear expectations for $ILV stakers. Future product proposals should adhere to the relevant distribution definitions.

Summary:
For products with negligible variable costs, 100% of revenue will be distributed.
For products with non-negligible variable costs, 100% of revenue minus variable costs will be distributed.

For more detailed information, please read the full ICCP: https://gov.illuvium.io/#/proposal/0x245e440c3b517a0b7a7ff11c2c038cfd96c503ab9cbf3e593bd8d7c73cd07fae

[rose arrow]

When my staking period of 1 year ends, the ILV or ILV/ETH stop accumulating rewards, correct? I must withdraw and lock them again?

[ember ginkgo]

Als long as you don't withdraw, they keep earning

[rose arrow]

Thanks

[stuck skiff]

Only 1 is v1. The rest is past march 2022 on v2. Have you got a guide to transfer to another wallet (for me ledger)

[craggy field]

I do not have a guide. Im not well-informed on blockchain related stuff. You'll be able to send a mail to the Illuvium support for it though. They would be able to guide you through it I think.

[stuck skiff]

Thanks @craggy field. @last hawk looks like you had a link for someone else can you advise

[craggy field]

Yo any time! Here is the link. I had to search for "bug" to find the mozart response. Here you should be able to find some other topics to choose from and you'll be able to insert your own ticket.

#💬〕general message

[stuck skiff]

Awesome mate thanks

[gloomy gazelle]

I have not seen it work when using a wallet that has ever had any v1 deposits.

But the support staff can get you sorted for sure

[worn turtle]

This

[stuck skiff]

So no go @worn turtle ?

What if I withdraw the v1 first

[worn turtle]

Yeah, you would need to withdraw and send and then stake, the perk is then you are fully in a fresh wallet with only v2 stake

[stuck skiff]

Withdraw all the v2 as well?

[stuck skiff]

Couldn’t see any info in the link regarding the process

[craggy field]

You would go to that page and choose a topic. In this case a general request. And you should be able to send in a ticket for it and the support team will help you.

[stuck skiff]

Ok thanks @craggy field

[static crown]

is it a viable option to bring staking to layer 2?

[upbeat nacelle]

what is the apr for staking ilv?

[quick dirge]

those are values for 12 month lock

you can check it on:
https://staking.illuvium.io/staking

[burnt wasp]

staking dashboard being very slow and laggy today, never had that before

[cunning perch]

it will eventually when V3 happens but no date yet and I don't thin that will happen in near future.

[obsidian nebula]

@worn turtle hey i need help with migrating stakes to a different walled. i was in the thread for that but i don't see it anymore. i keep getting the error in the mm confirmation that gives the crazy gas fee. it's a brand new wallet address that's never interacted with staking, but it does hold some ILV. I tried @ mentioning jeremy meyer and richard rayes but hey wouldn't pull up in my discord.

[worn turtle]

Hmm ok submit a ticket and I’ll get to you seen mention I told you to

[obsidian nebula]

so i closed the tab where i had the window open to submit tickets. i'm looking for where to find it again but i'm not seeing it

[worn turtle]

?support

[worthy lark]

Illuvium Support

For support, bug reports, and feedback, please use the following methods to contact us:

• Bug reporting: http://link.illuvium.io/bug
• Feedback: http://link.illuvium.io/feedback
• General requests: email us at [e-mail]

[obsidian nebula]

that makes sense lol. thank you.

[hollow latch]

i just locked my ilv for 3 months

hope to see daily residual revdis one day.

[crimson quail]

Does that mean if i lock my ILV for 1 year, i will get ~+45% and monthly + 3.83%?

[quick dirge]

nope, those are 2 different pools, on the left you have a pool where you locking only ILV and you get out of it as for today 3.87% a year

and on the right to have a pool where you lock half of the value in ILV and other half in ETH and you get ~46%

BUT every few weeks rewards drop few % so its hard to say exactly how much you will get out of it

and then there is impermanent loss to be consider as well when you lock in ILV/ETH pool (google it for more info)

[crimson quail]

thx for the info!

That helps me a lot

[opal ingot]

what was the apr for 12 months at the begining of ilv staking pool plz?

[cyan rampart]

I wasn't around right at the start, but it should be have been ~100% in the ILV only pool and ~700-800% in the ILV/ETH pool.

[opal ingot]

okty

[amber lintel]

Once maturity is reached if I just leave the funds there will I continue to receive rewards and rev dis?

[cunning perch]

As long as there is RevDis, Staked ILV will get it even after Yield has ended

[alpine vault]

What's to stop the council for retroactively changing that? They just did it for the land sale revdis so there's already precedent.

[cunning perch]

Well, DAO operates with Votes and ppl choose the council, however there is a eDAO vote which means team can literally veto the vote. I won't be pretty but there is a way to stop any decision if the team doesn't like and believes hurts the project

[alpine vault]

Ack, so just have to trust the team/council won't change previous agreements or go back on promises in the future. Challenging for me personally to do that given it's already happened.

[cunning perch]

Yeah DAO is based on Trust and the team following the vote is honoring the decisions made by the community. Council is chosen by the community so they need to be careful who they vote for. Still they can say "no" if the decisions made by the council is harmful to the project should they think of it as such. eDAO was once used when sILV was hacked I believe. The team decided to mint a lot of sILV and nuke the pool so the community wouldn't get hurt more. But it means the decision came without a vote

[alpine vault]

I hear you. The latest vote has caused me to lose quite a bit of trust. When someone goes back on their word, it's hard for me to continue trusting them. Particularly when there's no other accountability mechanism (e.g., I can't sue Illuvium for breach of contract).

[cunning perch]

I feel you but well, following the DAO votes is "honoring" what the community wants, but it's really not a must. ILV had to make certain decisions to make sure they can operate on a budget squeeze. That might not sound favorable to the community but still better to ensure the future with a short-term pain than a long-term one

[alpine vault]

Yeah, I get it. Just another example of Illuvium failing to follow through on their promises from my perspective though. Will see what happens long term.

[cunning perch]

Hopefully good stuff 🙂

[lyric needle]

I think it is a better system this way. The land royalty funds were in limbo anyway (showing up on the runway document) and now it is known that they will be held. The most optimal solution for all will be the funds in the safety pool not being needed and being redistributed (which would be following through on the promise).

[alpine vault]

To me it's less the actions, and more making promises and sharing roadmaps that have continuously not come to fruition. I was always taught to not make promises unless you're certain you can keep them. That should be extra true when you're selling stuff (e.g., promises around revdis).

[pale walrus]

remind me again how to dismantle an SLP

[craggy field]

seems like you go to Sushiswap, go "to the app" then top left you have a "Pools" button. Choose the ILV/Eth pool that you have SLP in and withdraw from it which will allow you to remove liquidity from the pool.

[pale walrus]

Thanks. I was making SLP and that was clear enough but i thought, how do I undo this when the time comes and couldnt see an easy to track process. Not very clear at all. UX is a bit of a trap for perma-SLP haha

[craggy field]

Perma SLP doesn't sound like a punishment though!
Hodl for life 😄 lol

[nova marsh]

I really agree with you on this. And after backreading your convo, reality that the team can veto any decision that comes out of the DAO is actually extremely concerning because that was literally the opposite of how a DAO is supposed operate. I don’t like that loophole and I think once people realize that the team can do what they want even if it goes against the dao it’s going to cause a lot of confusion in the future and people are going to get really upset

[cyan rampart]

This is technically true currently, though the eDAO has never overruled a decision made by the DAO. The structure changes under Gov V2 (Appendix 6)

[nova marsh]

It just leaves a bad taste in my mouth knowing(even if they don’t overrule) that that ability is in there. We haven’t seen something pop up honestly that would change the direction of what the original team has put forward, but if/when there are diverging ideas on how to take the project forward and the team or the founders vehemently disagree, I can’t imagine them not taking any steps as necessary to block something. It’s more of the idea that this is something that “could” happen is what scares me. As far as my belief for the team itself goes, I’ve always been a supporter. It’s the marketing of the DAO and the control it has versus the reality

[ember ginkgo]

It already happened when the team nuked the ILV pool. These things are here to keep us safe 😉

[cyan rampart]

To be clear, with Gov V2 there is no eDAO, the IMC has a structure in place to respond to emergencies, and the community has the ability to vote out anyone who misuses the process.

The IMC being comprised primarily of elected community members (4:1).

[open cave]

wen staking v3
gas fees are crazy atm

[ember ginkgo]

I don't think this is happening any time soon

[dense geode]

try to do your transactions sunday morning, its kinda low then always

[desert lark]

Hi! I staked my tokens a little over a year ago. And am thinking of claiming them. Should I choose ILV or sILV2?

[pure eagle]

That is entirely up to you. Here is a good description of the ecosystem's token

[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.

[short raven]

Can anyone help here. NFA. I have 20 tokens. How many could I potentially earn in one of the periods? Trying to decide if it’s worth locking up or not enough tokens to do so.

[craggy field]

Currently with the rate that ILV tokens gain yield rewards, you would be getting 0.014666ILV per day if you stake with a weighting of 2. That is about 74 cents per day. With the constant reduction of staking yield of 3% per 2 weeks, you may understand that this goes down quite a bit more in the upcoming year. (0.97^26 for the next 52 weeks).

But staking rewards aren't the only benefits. You will be able to vote on the new nominees for this epoch that are currently running and once the game comes out you will be getting revenue distribution. Basically a form of dividends where 100% of all revenue / (profits in some cases) are returned to the stakeholders. The treasury is also a stakeholder with currently ~14% of the tokens, where all revenue directed towards it will go to the development of the project.

[severe bay]

If we claim sILV, does it still needs gas fee?

[gloomy gazelle]

Yes.

[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]

There’s no way to do transactions on ethereum network without gas fees. And illuvium staking is on ethereum network.

Don’t let scammers in your DMs convince you otherwise.

[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.

[severe bay]

alright, thank you. Is there a claim all feature now? Will that cost only 1 gas fee?

[gloomy gazelle]

Yes.

If you are just wanting to claim so it can start it’s vesting period and not withdraw anything.

Gas is stupid high right now. Probably better to wait like 12 hours until the weekend.

[thin sable]

What’s a good minimum to stake for decent returns?

[cyan rampart]

It's mostly a question of how much of your deposit is going to gas fees, and what a decent return means to you.

You can check the current APR for the ILV and ILV/ETH pool on the website via #🔗〕helpful-links .

Aside from that, there's no minimum amount to stake, there's no "bonus" for staking more than a threshold. The APR is what it is.

It's worth noting as well that the APR is variable, and trends down over time as emissions slow down.

[thick crypt]

Hi thank you for the token breakdown image, it says that only ILV tokens will be given RevDis rewards and NOT ILV/ETH tokens, is that a correct assumption of staked ILV/ETH? No RevDis?

[pure eagle]

No, SLP token will receive RevDis but proportional to the ILV part of the token

[thick crypt]

got it, so at time of RedDis distribution a snap shot of the ILV portion of ILV/ETH is taken and you are given revenue based on the amount of ILV at that given moment 🙏 thank you for the clarification

[idle iron]

🔥

[limber stirrup]

Hello friends , I have ~5 ILV to claim. is that ILV doing anything or do I need to claim and restake for it to compound?

[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.

[frigid saddle]

When you claim, it stake automatically for 12m, unless you withdraw silv. With 5ilv pending, I would wait for gas to get sub 50 to claim

[dawn yew]

What does it mean that "Rewards" and "Deposits" can't be withdraw at the same time. [4:35 in the staking protocol tutorial].
I have

1. Deposited ILV/ETH SLP (Tagged as a deposit)
2. Deposited ILV (Tagged as a reward)
3. Pending Rewards to claim (from ILV/ETH Pool)
4. Pending Rewards to claim (from ILV Pool)

If I understand well:

1. after I will claim my Pending Rewards I will have 12 month lock before it will be deposited to my wallet.
2. At the same time I can withdraw Deposite ILV from ILV Pool but I would need to finish this transaction before I can withdraw my ILV/ETH SLP tokens from ILV/ETH Pool.

Did I miss something?

[pure eagle]

1. Yes, after manually claiming your rewards they will go to the ILV pool for a 1year vested period, once the period is over you can ether leave the deposits in the pool or withdraw it to your wallet (you have to manually do this)

2)You can withdraw any deposits or rewards as long as they are unlocked

[dawn yew]

This is really hard to understand may I ask you for more detailed description please. I know I should understand, but It isn't easy for non profi user I guess.

So can I withdraw both my deposited amounts without waiting? (ILV pool and ILV/ETH pool)

But I understand that Rewards I earned from staking in both these pools will be locked for 12 months after I claim it.

[worn turtle]

Yes exactly,
source = deposit = you can withdraw when unlocked or leave deposited and continue staking at your same weight
Rewards claimed in ILV are locked for 1 year as soon as soon as they are claimed, sILV2 is available immediately.
A source = reward = will be available for a withdraw once the 1 year lock is up but needs to be withdrawn separately from source = deposits. Like deposits though rewards can stay staked at full weight after being unlocked.

[serene lava]

Hey guys. Any clue how long does it take for claimed rewards to get to my Meta. Not sure why but I expected it to be immediate. What do I not see?

Never mind I just found my answer.

[limber stirrup]

Cheers my dude, love your work

[unkempt current]

The staking is amazing and I am lovely every bit of it

[past falcon]

My goodness! I went to pick up the Staking Rewards and saw the gas prices. That's just like old times. What happened here? A month ago they were at 30-40....

[cunning perch]

Shitcoin season happened and gas got rekt

[past falcon]

Arash, I have another question: If I don't pick up the locked tokens that are released now, what exactly happens? Do they just stay staked on the new protocol, or do I have to pick them up and stake them again?

[cunning perch]

You mean unlocked ILV rewards? you can let them be. They will get Yield as long as there is Yield and RevDIs as long as there is RevDis 🙂

If you have unclaimed rewards, you can claim them whenever you want. They will start their own vesting sequence when claimed.

[past falcon]

I'm talking about the rewards that were locked a year ago and are being unlocked.

[cunning perch]

Then you can just leave them be, or withdraw and sell/hold/transfer

[past falcon]

If I leave them be, then they are still staked, right? To what weight?

[cunning perch]

Yep. They will always be staked at the same weight until withdrawn unless an IIP changes it 🙂

[past falcon]

thx a lot 👍

[cunning perch]

[naive hull]

Is there a chart of how many wallets are holding and/or staking ILV for the last 2 years? Would I be able to find it anywhere?

[gloomy gazelle]

This pinned message has Xastor’s dune page. #🥩〕staking message

It has some of the most comprehensive staking data I’ve seen

[lyric needle]

It's actually a pretty hard nut to crack. Need to keep track of it daily, I haven't seen it but was thinking of trying to build one in dune

[hot owl]

Does anyone else have issues with displaying the Staking Dashboard? I get all 0. Is the page under maitnance?

[pure eagle]

Can't check it right now clearing but try clearing cookies and cache

[regal marten]

It loads fine for me at the moment.

[regal marten]

The "Total Active Single Stakers" gives you the amount of wallets with a non-zero amount of ILV staked. "Total Active SushiLP Stakers" gives you the amount of wallets with a non-zero amount of SLP (that also contains a portion of ILV). That's all you can get right now from the dashboard I'm afraid. It would be a nice addition to get the total amount of wallets holding or staking ilv (single staking or sushilp staking).

[naive hull]

Yeah, I was thinkin I can get some kind of a graph with Total Stakers from last two years. It it what it is.

[cerulean halo]

I noticed the Illuvium Staking page has changed. Instead of selecting Metamask like I did in the past it tries to figure out your Staking now automatically, but doesn't connect to any of my wallets. I also have Trust Wallet, but nothing staked there. Anyone else got this issue?

I deleted Trust wallet browser extension so I only have Metamask and Staking page works now. This is a bug, please fix.

[candid kettle]

unfortunately this is a problem that happens due to incompatibility of extensions in some browsers

[regal marten]

Hey, I added 2 new graphs on the bottom for a better insight into the total number of stakers. Note that it combines both ilv and sushilp stakers.

[foggy roost]

Hi, Will stacking allow me to access the beta?

[last hawk]

No but if you want beta we can ask @quick dirge

[foggy roost]

Oh ! Do you have access to give ? 😁👾@quick dirge

[quick dirge]

hey hey 🙂 usually we would do things differently here but just go to #1038034977864032276, grab twitter-raider role, then you will get access to #1075137668821823628 forum when you can find form to fill (you should get beta code delivered to your mail in 3-7 days, pure beta code, dont clock any links, dont let scammers get you 😉 you are going to be asked for your Discord ID: 869189484384755722)

[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.

[foggy roost]

Ok let’s try that thx

[foggy roost]

Thanks man got it !!

[quick dirge]

you got the code already?!?!? NICE!!!! xD All credit to the team, they pushing "Send the code" button xD

[foggy roost]

Hahaha yeah 😉

I have question about stacking: What is the most interesting for rewards silv2. Stacking with token or get land ?

My goal would be to play without spending more than my basic investment

[quick dirge]

only way to get sILV2 is from staking in ILV or ILV/ETH pools or buying on DEXes, Land is not connected to sILV2 in any way

in Land you can earn ETH i believe by selling your Fuel (after game officially launches, nothing rady right now)

[foggy roost]

Ok but the resources of the lands can be sold for silv2 right?

[foggy roost]

Oh ok in ETH not silv2

[quick dirge]

or whatever team will develop at that time, hard to give you a solid, set in stone info on this, but i would aim with my expectations on ETH

[foggy roost]

Is it possible delegated stacking ?

[quick dirge]

not sure what you mean with delegation? right now its very simple, you just doing everything on Illuvium's website, connecting your wallet, choosing amout of time you want to lock your coins and accepting smart contract stuff, no need for third party

[foggy roost]

Delegation mean to block my ilv / eth without sending them to the pool

[quick dirge]

ahh, then you know about this more than I, haha, i believe there is no such a way for ILV/ETH pool, you have to swap them for SLP in the pool and then lock it

[foggy roost]

Ok thx

[lusty pecan]

Yes you will

Or more like silv is your fuel

[cyan rampart]

You don't buy Fuel with sILV2, but you can use sILV2 to play the game.

[candid kettle]

?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

[candid kettle]

before providing liquidity to a pair research about impermanent loss and how to calculate it

be aware the SLP ratios are 50/50 in case of ILV stake

if you want to stake 50% ILV and 50% SLP the proportion is correct, 75% ILV and 25% ETH, which would be 25% ILV and 25% ETH (for the 50% SPL) and what is left (50 % ILV) would be staked in the solo ILV pool

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

step by step

[onyx flower]

Gas costs are a big factor too right now

[candid kettle]

the best times are usually early morning on the weekend (usually Saturday to Sunday depending on your time zone)

[onyx flower]

Its very likely not going to be net positive financially in the short term but you're going to learn a ton about crypto, creating and staking an lp token.. watching the economics of imp loss in real time.. its worth the education fee

But the ilv/eth curve is certainly flattening and youre coming in at a good time, gas fees are just a killer right now

Btw buying eth with your cash instead of usdc on coinbase probably work out better

[gloomy gazelle]

I’m not sure how accurate this is still. It may be based on the v1 staking contracts. But it could help determine gas costs. #🥩〕staking message

[surreal mulch]

which staking pool is getting the rev dis?

[cyan rampart]

Both pools are eligible for revdis, but only the ILV in a deposit is eligible. That means that SLP staking deposits (ILV + ETH) only get revdis for 50% of the value of the deposit, while the ILV Core Pool gets revdis for 100% of the value of the deposit.

[gloomy gazelle]

https://tenor.com/view/one-day-anthony-mcpartlin-britains-got-talent-crossing-fingers-i-hope-one-day-gif-19920400

[proud osprey]

Re: moving staked ILV to a Hardware wallet.

I just wanted to say thanks to Pelican for the initial help, and also a big thanks to Jeremy @ Illuvium support for being patient with me. I can confirm it all went well, was easy, and I would recommend it if you're thinking of adding the extra layer of security that the hardware wallet brings. 🙂

[viscid otter]

hardware wallet is a must

[zinc aurora]

Do tokens that your lockup period ended but you didn't withdraw yet keep getting staking rewards and revdivs or you got to withdraw and stake them again?

[candid kettle]

keep yielding, no need to re-stake

[zinc aurora]

Aight thanks!

[craggy cliff]

Anyone done a comparison lately on SLP pool versus ILV pool?

[regal marten]

In what way? Apy's are on the staking site.

I don't know of any historical graph of the apy for any of them, would be nice to have though.

[mossy pulsar]

are there any options to withdraw multiple slp positions at once ? ohh i see now. what is the benefit to keep yield without withdraw or vesting gives me more boost ?

[pure eagle]

If you keep your stakes in the pool after the vesting period is over they will keep giving you yield

[ashen flax]

Hey guys,
I wanted to move from LM to Staking.
Therefore i wanted to withdraw some ILV/ETH from the pool.
I did this in 2 transactions.
One got deposited into my wallet, but it seems like the other transaction ended up in an Illuvium migration wallet?!
I am confused and dont know how to get my ILV/ETH 🤷‍♂️

anyone an idea what happened and how to resolve this?

only the second transaction ended up in my wallet and i could withdraw the ILV/ETH.
The tokens from the first (lower one) seem to have just disapeared?!

All ideas welcome

[quick dirge]

was the first one rewards or pure ILV stake and the secound one ILV/ETH? did you went thru the whole process of swaping your SLP back to ETH and ILV?

this is very cool guide from blickter:
#🥩〕staking message

[ashen flax]

omg. I just realized it was was ILV not ILV/ETH 😄

So i withdrew SLP and ILV... 😂

makes not much sense if you want to stake more to withdraw them first 😂

[quick dirge]

AAAAAND everything is in order now? stuff like this can be a bit nerve wracking ^^

[ashen flax]

yep everything perfect...
Not sure if I would rather have 30 SLP (and a problem) instead of 30 ILV 😁

Thank you 👍 😁

lets hope ILV outperformces ETH by a lot than this was the right move 💪🏽

[gloomy gazelle]

Looks like the two different staking pools were interacted with. Eth/ILV pool and the ILV only pool (named “migrate” on etherscan). But it looks like you guys figured it out already.

[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.

[quaint nymph]

If I claim the ILV reward from both ILV and ILV/ETH pool at once, will it be 2 transactions or only 1 transaction? I just want to pay gas once

[gloomy gazelle]

Claiming rewards is done as one transaction. But withdrawing anything from both pools will take two transactions. One transaction for each pool.

[quaint nymph]

thanks

[silk silo]

hi can anyone help me. I'm trying to get the illuvium website staking page to connect to my meta mask wallet but by default it keep connecting to a coinbase wallet with nothing in it. how do i get it to connect to my metamask wallet again that I have staked ILV in?

ah got it had to clear the browser data

[dapper glade]

hay guys, my dash board for ilv/eth pool reads 0 value but slp tokens are still there, any one else having issue

[polar dew]

guys question please - I have SLP (ilv/eth) tokens and wish to split them back into eth and ilv separately please - how to go about this please? Many thanks!

[last hawk]

Same i reported already 😉

[iron tendon]

I am having the same issue.

[last hawk]

#🥩〕staking message

[iron tendon]

Where did u report it?

[last hawk]

Internal

[iron tendon]

OK. Thx man. So we just wait now?

mine is back

[polar dew]

thanks man found it. Do you know if when we convert SLP to eth and ilv it gives us back the same amount of eth as we originally staked (or converted to the slp pool)? At a glance it looks like its less than staked. First time doing this

@last hawk did you just try to add me as a friend ? If not there is a scammer here

[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.

[cyan rampart]

That's a scammer. (No mutual servers, different join date, different Discord ID)

[brisk surge]

You get ratio 50 50 back of the total value.

[polar dew]

yeah I just saw. So thats cancelled out all the 'earnings' and some. Staked for a year.

just deciding the smartest thing to do - restake slp or withdraw..

[brisk surge]

That's the risk people took when they staked. It's alway been a super high risk. This should be bonus money and you shouldn't need any of it.

[polar dew]

obviously its relative - If ilv launches in future then make the difference and some - I am sure it will also

it munched half my eth but I have a lot more ilv now

[brisk surge]

Still millions of free tokens that will flood the market, keep that in mind too.

[polar dew]

hence I don't think I will restake. If we get to half the ATH then still make good gains. Personally I think we get a summer rally so I woulkd rather keep the liquidity I think

[brisk surge]

The staking rewards are very low now, and there has been an outflow of SLP.

[polar dew]

yeah people are consolidating I think

In 'VESTING' we need to have a function to 'WITHDRAW ALL' items that have matured and are ready to withdraw. One at a time would cost hundreds of bucks in gas even at these transaction (eth) prices for several transactions. It would for me!

[gloomy gazelle]

The problem is that there are two different staking contracts. One for ILV only and one for the eth/ILV SLP tokens. It’s gonna take two transactions.

Hmm it might take one more to withdraw/mint vested rewards as well

[polar dew]

fair enough man. What about if we could do all the SLP in one and all of the ILV (not the slp ilv) in one? Is that plausible?

[gloomy gazelle]

The check boxes can let you select any batches that can be done together.

[polar dew]

ah okay I saw that and wondered why multiples wouldn't work - but I think yeah some was just ILV and some SLP so it wouldn't work. Makes sense now. thanks for the replies 🙂

[river rose]

Hello, Where can I stake ILV, I bought some of them?

[candid kettle]

https://staking.illuvium.io/

[river rose]

thank you brother

[drifting maple]

If I claim sILV2 rewards will I be able to use it to buy d1sks immediately (With the sILV2)? Or does it need to go through a vesting period.

[last hawk]

Silv2 is immediately.

[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.

[crude zenith]

Anyone can point me to a video on how to stake my ilvs thats in my ledger?

[candid kettle]

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

[dreamy osprey]

how can i know how many tokens are staked right now?

[small island]

https://dune.com/xastor/Illuvium-Dash

[placid acorn]

i staked my SLP for a year now, do i need to withdraw them and restake them or are they still staked?

[last hawk]

you can let them sit.

[placid acorn]

are the conditions worse if i withdraw them and restake them, i want to send them to my ledger

[last hawk]

you need to pay fee for unstake and restake, plus the rewards if you withdraw them for ilv, they will be locked for 12 months.

[placid acorn]

yeah already took them out want to make them to SLP... in a year hahaha

yes the fees are ok, its better on my ledger. thanks for advice

[last hawk]

yes i have them on my ledger too.
you´re welcome

[placid acorn]

what network should i take? ethereum or one of the SLP

[last hawk]

it is all on eth. do you have or want slp staking now?

[placid acorn]

i already have my slp, just want to send them from metamask to my ledger

[last hawk]

add the slp to your metamask end send it to your ledger, the token adress is in the #🔗〕helpful-links
this will all be on the etherium network

[placid acorn]

ok so if i already have them on my metamask i really just send them to my eth acc on my ledger. no need for any changes or a new acc?

[last hawk]

yes only need to send it to ledger eth acc,

[gentle star]

I have my ILV/ETH staking coming up in 2 days. I remember a while back there was a calculator for whether it's better to stake in the ILV/ETH Pool or just in the regular ILV pool for the highest yield since there's a point in time where the APR decreases to the point where it's higher to just go with the ILV pool. Does anyone have that calculator or know what is the optimal place to stake now?

[gloomy gazelle]

Yield farming ends at the start of July 2024. Until then staked tokens will be receiving yield farming rewards. The website has the current APR for each pool.

If the calculator was here it’s still pinned.

[gentle star]

Thanks. That helps. I can still do a 12 month stake and it'll end before the farming ends.

[whole sonnet]

Hi, a frend had his MM wallet compromised. Hacker only took eth he had in his wallet (didn't touched his slp staking or vested rewards). What is his best course of action? crete new wallet, send everything there and restake? any other method since this would be a lot in gass fees?

[gloomy gazelle]

It would be safe to assume that there's a sweeper bot on the wallet that would take any eth that is above a certain value threshold. This would make staking contract interactions difficult.

If the wallet never made a deposit before March 2022 then it would likely be possible to use a different method. They should contact #❓❓〕support

[whole sonnet]

Thx for info, i'll let frend know.

[whole sonnet]

heh, already received few "friend requests" from you and some other team members 🤣

[gloomy gazelle]

So many scammers. Please #🚨❗〕report-scammers

[whole sonnet]

i know 🙂

[fallow halo]

How do I transfer ETH between my Metamask and IMX wallets?

[gloomy gazelle]

You deposit your eth to imx using an imx marketplace like the IlluviDex. #🔗〕helpful-links

Or withdraw to L1 using the same tools

[thick dirge]

Q, for the wise: I have some SLP which has completed the 12 months of being locked after staking. Does it continue to accrue rewards until I withdraw?

Or do I need to restake?

[gloomy gazelle]

It accrues until you withdraw it.

[covert bobcat]

how do I get crypton

[gloomy gazelle]

Not in this channel. You are asking about #🎮〕illuvium-zero have you watched any videos about that game yet?

[covert bobcat]

bio

how are u pelican

[full stump]

there is no version of Zero for destkop computer ?

[candid kettle]

Yes, it does exist. There are versions available for PC/MAC and Android currently

[full stump]

how can i play in pc ?

[candid kettle]

https://illuvium.zendesk.com/hc/en-us/articles/6176078541967-Illuvium-Zero-Download-Guide

[full stump]

ty

[full stump]

mmm not sure why wen i log in my land is level 1 (in my mobile is much 55)

[candid kettle]

check that the mobile version is the current 0.2.0, as there was a reset for the beginning of season 1

[full stump]

yes, i download the mobile version yesterday

[full stump]

when was the reset?

[candid kettle]

25/05

[full stump]

i guess that i never delete the old version, and wen i reinstall the apk into the mobile the shit didn't run

how can i delete that old apk now, hating android rn -.-

[safe rock]

hey guys

[worthy lark]

Welcome Survivor!

If you're looking for a place to start, you'll find everything you need in the #🔗〕helpful-links and #814084157713940482 sections. From quick overviews to in-depth information, these channels have it all.

Additionally, keep up to date by checking out these channels in the Discord:
#✍〕rules
#📣〕announcements
#❓〕faq
#🚰〕leaks

[safe rock]

is there somewhere i can find details about how much the DAO is spending for liquidity incentives on the Sushi LP?

[gloomy gazelle]

We are most of the way through that three year period of yield farming.

You may enjoy looking at the tokenomics article.

[safe rock]

whats flash?

[gloomy gazelle]

Flash pools have been ended. The DAO determined they were not beneficial for onboarding

[safe rock]

so is that $ILV tokens being distributed to the three categories there?

so started off at about 100k a fortnight and will end at about 12500 a fortnight right? PS any chance you can remove slowmode in this channel? doenst look like you're getting that many messages anyway haha

[gloomy gazelle]

Unless there’s a flash pool live (which there isn’t and very likely won’t be anymore) it’s 4 tokens to the SLP pool and 1 token to the ILV pool.

[gloomy gazelle]

I have no control over slow mode. Sorry. But I do have immunity.

[safe rock]

ok cool so total 4m tokens to provide incentives for LPs

[gloomy gazelle]

I’ll find the tokenomics article. Basically yes. Most have been distributed already.

[safe rock]

and we're at about fortnight 60 ish right now? whats the plan once this program ends?

[gloomy gazelle]

Wait wait. My bad. It’s only 3m for yield farming. And 1 million for in game yield.

Ends at the end of June 2024

So just over 1 year left

Here’s the tokenomics bit from the whitepaper. https://www.docs.illuvium.io/whitepaper/tokenomics

[safe rock]

so it seems like the DAO voted to make changes whilst the program was running live, is there a chance that further changes can be made before the end of June 2024 ? ty for your help btw

also do you know what caused this sudden pump in TVL right before April or is defillama showing incorrect data? (cant share the screenshot) - any chance i can dm you? it showed up as token liquidity going sub 1m but now 60m on sushiswap

[gloomy gazelle]

It’s possible. But flashpools were basically manually being added each Fortnight to partner with a new token.

[gloomy gazelle]

You can dm me. But it’s probably just bad data. Or post the image in #🚨❗〕report-scammers or #❓❗〕community-help

[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.

[safe rock]

yeah think it is tbh

[gloomy gazelle]

Maybe related to this. #💰〕token message

[safe rock]

so what was the plan once the program ends? will there have to be a new vote on how to maintain liquidity?

[gloomy gazelle]

The plan is for the council to choose from several potential options prior to yield farming ending.

I don’t exactly know what all those options are.

[safe rock]

ahhh so its 10m total supply for ILV right? over the 100 or so fortnights. so technically once project ends then theres no more ILV tokens to provide as liquidity incentives?

[gloomy gazelle]

Nothing yet.

[safe rock]

do you know how much % of that sushiswap pool is made up of protocol owned liquidity / treasury funds? also anywhere i can find the treasury address? defillama says theres about 54m in $ILV there edit: nvm found the addy!

[gloomy gazelle]

The DAO withdrew its liquidity a few months back to add it to runway.

[lyric palm]

it's supposed that once ILV incentives end (or probably before) revenue distribution will be rewarded to stakers

[lean mantle]

What is runway/monthly burn now that $10m has been raised and has Illuvium’s headcount been cut at any point over the past couple years?

Also was any of the withdrawn liq tapped into to cover opex in any capacity?

[cyan rampart]

The withdrawn liquidity hasn't been treated any differently than other runway, it's not a distinct grouping of funds. It's just in the Treasury.

Extrapolating off the last burn report:
$12.7M/year expenses - 1.06M/month burn rate
Funds:
$3.2M - Safety Pool
$19.1M - Treasury

• a relatively small amount on IMX and as Sushi tokens.

Leaves just over 21 months of runway, ignoring the amount on IMX, and the Sushi tokens and not accounting for any potential changes in burn rate from the burn report.

My understanding is that the Strategy council will be meeting with Danny this epoch, and may issue an update with regards to burn rate etc.

[lament token]

@cyan rampart is spot on and our monthly burn is approximately 1.1m, we're making a few final changes to reduce this further - but as it exists right now we're running a pretty tight ship so to speak that ensures everyone is directly contributing to moving us closer to Open Beta.

There isn't any 'managers' for managers sake... for example.

[lean mantle]

Thanks for the color this is helpful!

[worn turtle]

https://tenor.com/view/karen-rude-upset-mad-shake-gif-16912386

Who’s Karen gonna speak to?

[glossy dirge]

Do you need to stake your ilv to get revdis?

[quick dirge]

yes sir 🫡 (additional info: for ILV/ETH pools, only ILV part counts)

[hollow jasper]

Hi on April 8th 2022 i staked some ilv on the platform but when I logged in today I get a message that I have no ilv staked on the platform. How can that be?

[potent sable]

Danny has updated financial reports almost ready. His plan is monthly updates

[potent sable]

#969496169552154624

[mild harbor]

noob question - is there any major advantage/difference in the ILV vs ILV/ETH pool? other than APR/APY fees seem so high on sushi that I am wondering if it is worth it (I only have 10 ILV)

[gloomy gazelle]

the APR/APY is pretty much the only advantage. I guess some people might prefer having equal amounts of eth/ILV than just ILV. But there are certainly more fees and the potential for price divergence and therefore impermanent loss.

The APR is like 10x higher though right?

[bronze helm]

Where can I Stake 🥩 ILV? (I’m a noob to staking)

[gloomy gazelle]

#🔗〕helpful-links it’s on the illuvium website

[gloomy gazelle]

This would likely be helpful. #🥩〕staking message

Check out the other pins as well

[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.

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.

[mild harbor]

Thank you! yes, it is about 10x so might be worth it

[bronze helm]

Thanks !!

[mild harbor]

Hi - Can anyone tell me what is the contract address for SLP? Is it different for each person/wallet or always the same? Just converted ILV/ETH but stuck and can't stake yet.

[worn turtle]

Did you create it on sushiswap?

It’s the same for everyone

[mild harbor]

I did, just not seeing it anywhere (sorry, I am a total noob)

[worn turtle]

All good

[worn turtle]

It’s part way up in #🔗〕helpful-links

[mild harbor]

thank you - i'll check it out

got it! Love this community - always super helpful!

[eternal portal]

what will happen to the staked ilv after june 2024, when traditional staking expires?

[ember ginkgo]

revdis

[eternal portal]

so everyone will unstake then?

[ember ginkgo]

Not if you want revdis

[eternal portal]

I don't get it

[ember ginkgo]

Only way to get revdis is to stake

[eternal portal]

but it will expire mid 2024

[ember ginkgo]

staking rewards will expire, hopefully by then there is revenue to distribute

?revdis

[worthy lark]

Illuvium Revenue Distribution

ICCP-3 Revenue Distribution Decisions aimed to ensure sustainable revenue distribution for the long-term operation of the DAO, and to provide clear expectations for $ILV stakers. Future product proposals should adhere to the relevant distribution definitions.

Summary:
For products with negligible variable costs, 100% of revenue will be distributed.
For products with non-negligible variable costs, 100% of revenue minus variable costs will be distributed.

For more detailed information, please read the full ICCP: https://gov.illuvium.io/#/proposal/0x245e440c3b517a0b7a7ff11c2c038cfd96c503ab9cbf3e593bd8d7c73cd07fae

[eternal portal]

thanks for now 😉

[supple zodiac]

what are the current rates apr % for ilv staking 1 month and 1 year options?

[cunning perch]

You can always check the rates by connecting your wallet to the website and see the differences . Use #🔗〕helpful-links

[supple zodiac]

i wanted to but on metamask it said i had to set a spending cap for your ILV? i dont understand thisit said input "custom spending cap" what does this mean?

[eternal portal]

1m: 2,03% / 1y: 3,76%

[gloomy gazelle]

Seems weird. You should not be asked to approve anything simply to connect. Make sure that you are on the website and make sure that you are doing what you think you are doing.

[runic mason]

there's certainly options for adjusting caps on how much the contract is allowed to use before it can't do anything without updating approvals if that's what's being discussed. safeguarding assets by setting the limit to whatever the amount you are buying at the time is standard for those with the money to spare on constantly updating contract allowances.

[gloomy gazelle]

I’m pretty sure he’s just trying to see the staking rates.

[regal marten]

Maybe you're on the wrong network? (op, arb..)

[cunning perch]

clear cache and update your wallet too. Probbaly that's the cause, but usually differnt browser should fix it. ALso try adjusting the Gas Limit, maybe the issue us there

[candid kettle]

send a ticket at #❓❓〕support

[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.

[candid kettle]

scam

[tawny notch]

Is there any guide for withdrawal? Once I withdrawal my slp as the staking is up, does it automatically go to my metamask? Or is there more steps?

[last hawk]

check the pin post.

[slow eagle]

Hi team my staking dashboard is showing up empty. How do I fix that

[bright heart]

Try some of the following. Clear cache. Reconnect wallet.

[slow eagle]

Hmm no luck still

[last hawk]

Do you see something on the vestings page?

[gloomy gazelle]

Are you certain the correct wallet address in connected? Back tracing some transactions on etherscan could help determine what’s up. It’s possible to setup a private thread in #❓❗〕community-help if you don’t want to post your public address publicly.

[mossy geyser]

<@&1093676082584096769> Where can i swap my SLP back to ILV and ETH?

[candid kettle]

#🥩〕staking message

[steep laurel]

Hi! I've staked my ilv for 1 year, now i can unstake but i don't want to do it, should i just keep them staked without doing nothing? in this case, do i still earn more rewards than if i stake for example 6 months?

[gloomy gazelle]

Your earning rate remains unchanged until you withdraw.

[steep laurel]

thank u pelican, i just pelishould

sorry i had to do it 🤣

[steep laurel]

and until i don't touch my Pending rewards for staking ilv, what do they happen to them? they don't compound right?

they compound with my staked ilv only if i go trough the 12 months vesting period right?

[gloomy gazelle]

Correct. Claim them (start the vesting period) and they will start earning as if staked with 12 month weight.

?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.

[tawdry swift]

@median canyon
can u plz check my dm ? I've one thing to discuss with you

[ember ginkgo]

You already did the same to Kieran, pls don't ping all the admins

[bright heart]

@thick dirge #🥩〕staking message

[thick dirge]

I can’t figure out the SLP token, again. I remember having some trouble acquiring it originally. Now I can’t uncouple it back to ETH and ILV. Help?

[bright heart]

Please check the message above or the pins.

[candid kettle]

#🥩〕staking message

[tawdry swift]

it's very important for me

[gloomy gazelle]

If you want to talk to a founder I guess then that’s the thing to do. If you need help with something quickly I can open a private thread in #❓❗〕community-help and make sure you get in touch with the proper team members.

[gloomy gazelle]

If you are looking for a dev job then try checking what’s available on the website. But again, If there’s something time sensitive I can help get things up the chain.

[thick dirge]

I couldn’t figure it out on Sushi so I staked my SLP for another month

[shell scroll]

hey qucik question regarding staking, if the duration of my stake is over e.g it unlocks can i still keep it staked and get the maximum APY?

[candid kettle]

Even after the lock period ends, the stake continues to receive Revdis and APY based on the initial weight

[shell scroll]

so ne relocking is necessary?

*no

[dense fable]

Hi everyone, pls any estimation when next RevDis will occur?

[ember ginkgo]

2024

[turbid relic]

I reckon the council will agree to pay out the safety pool now it’s not needed - should do tbf

[thick inlet]

@cyan rampart I getting a "cannot estimate gas - UNPREDICTABLE_GAS_LIMIT" error when trying to withdraw Vesting Rewards. Tried on different browsers, disconnecting wallet etc.

[cyan rampart]

Hey Cool Bro, can you submit a ticket to #❓❓〕support - The support team will sort you out.

The general purpose fix for this problem is to claim rewards (only rewards, through the Rewards tab) as ILV. It has to be a rewards claim as ILV, even if there's like, almost no rewards pending.

After that, you should be able to withdraw normally.

[robust meteor]

Hey. Tried staking and at the end it gave me an error message. Also took gas fee but ether scan says failed… anyone knows? It says Warning! Error encountered during contract execution [execution reverted]

[gloomy gazelle]

It’s pretty hard to know why it happened without seeing the transaction data. So you should probably contact #❓❓〕support off of discord and have a private look at what’s up.

[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.

[brisk surge]

At staking you earn only rewards or earn at fees like sushi pool Ilv /ETH

And fees

[gloomy gazelle]

You do not earn $SUSHI tokens. But any Sushi Liquidity Provider Tokens accrue the majority of the LP fees (just not the small portion of the fees that gets turned into $SUSHI for the sushi protocol) simply because those fees remain in the pool and you get your piece of the pool back when removing your liquidity.

[brisk surge]

So better to staking at Ilv site or at sushi 🍣 site

[gloomy gazelle]

I do not know what the APR is for either at the moment. But sushi site give sushi as the reward and ILV site give ILV as the reward. Last I knew the APR on the illuvium site was about 10x the sushi apr.

[brisk surge]

Yes 🙌 do better at Ilv

[cinder escarp]

what date did the staking rewards end again?

[tough shoal]

I believe its around June 2024

[cinder escarp]

Yes but the exact date i mean

[candid kettle]

There is no exact date. The blockchain does not compute hours/days; it only computes blocks, and the blocks have a variable output

[icy rune]

Hi everyone, sorry if this has been discussed before but just wondering if unclaimed rewards receive APR or if that would only happen if they are re-staked in the ILV pool? It's probably the latter but just wanted to double check

Second question: Is there currently any incentive in staking received rewards in the ILV pool besides the 4% APR? I understand that revenues are currently still being rooted to the safety pool so, in the absence of revdis, am genuinely trying to assess what to do with the rewards

[candid kettle]

Even after the lock period ends, the stake continues to generate rewards and remains eligible for Revdis based on the initial weight. There is no need to redo the stake. Rewards only start to receive Revdis and rewards after the claim

[icy rune]

Oh didn't know that, thanks for clarifying 🙂

[gloomy gazelle]

PENDING rewards are the only thing in the staking protocol that would not be earning anything.

[gloomy gazelle]

@frank inlet here are two screenshots of the current APR for the two staking pools in the illuvium protocol.

[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.

[gloomy gazelle]

I can’t really think of what else you could be wanting to know about by asking about “based earning” for ILV.

[frank inlet]

then what will be the earning of free to play?

[last hawk]

answerd in a other channel 👍

[gloomy gazelle]

Gas sub 20

[candid kettle]

Wen 5

[gloomy gazelle]

https://tenor.com/view/never-harry-potter-daniel-radcliffe-gif-5519833

[compact nimbus]

is there any point in starting to stake now?

[worn turtle]

Depends on your goals, but there is staking rewards and will be rev dis in future

[obsidian nebula]

I'm making a new staking account to switch to a hard wallet. Is there a way to make a new account but use the same email as the old account?

The old account will have to still exist for another year or so to let stake unlock

[tough shoal]

I believe you can use the same email, as the staking portfolio is tied to your crypto wallet rather than your email. Someone correct me if i'm wrong on this 🤙

You'll just have to unlink your wallet and re connect the new wallet.

[gloomy gazelle]

Staking is purely wallet connection and not related to your game account.

[obsidian nebula]

Ty

[obsidian nebula]

Ty

[sudden vine]

so after the lock period ends you can't relock the ilv? it just remains open? but rewards persist if you hold for the locked period time frames?

so revdis is x/1000000 x 100% revenue

[cunning perch]

You can always lock ILV for more RevDis. There won’t be Yield when it’s over, but RevDis will be consistent

[carmine agate]

hey why cant i check the weightings anymore?

[cyan rampart]

WDYM?

Weight seems to be showing for all my existing deposits.

[carmine agate]

can i see it for future deposit?

[ember ginkgo]

Sure, depends how long you stake

[carmine agate]

i wanna see the weight for each duration

[worn turtle]

Well 2 is max at 365 days, so you could math it out

[carmine agate]

1 month is 0.17?
or does it start from 1.5?

[worn turtle]

I did (2/366) x 30 and got about that

.16

[cyan rampart]

Starts from 1.0 weight at no lock (deprecated, minimum 1 month now), scales to 2.0 weight - Add (1/12) = 0.83 per month

[carmine agate]

i remember it used to show the weight when you are picking the duration

[cyan rampart]

I remember that too, I'm not sure when it changed, just checked it out today. I'll look into it. For the time being, you can at least manually calculate weight (and can still view weight for existing deposits in the Vesting tab)

[worn turtle]

Yeah that makes more sense cause 1 is 1 month

My mind is working half speed after today

[carmine agate]

1 months is 1.0
add (1/11) 0.09 for every additional month?

so 6 months is 1.45?

[cyan rampart]

No, 1 months is 1.083

1.0 used to be the starting point - Flexible staking used to be an option, with no lock period.

Now, staking starts at a minimum lock period of 1 month, which cooresponds to 1.083 weight.

[carmine agate]

ahh

even better
so 6 months is 1.5 weight

[dawn abyss]

Is it possible near future to stack illivuals for Ilv 🙂 ?

[cunning perch]

That has not been mentioned since ILV doesn't have in-game asset staking pools. Some platforms may do it when assets are finally on chain

[brisk surge]

What exactly is the weight ratio at staking how take advance of that ?

[candid kettle]

The weight is a multiplier used for calculating revdis. A person with a maximum lock has a weight of 2, while a stake with a minimum lock has a weight of 1. In practice, this means that the person with weight 2 will receive double the revdis compared to the person with weight 1.

[brisk surge]

Ok thanks 😊

[prisma tendon]

Good morning guys, I've been AWOL dealing with life for awhile, and I had some ILV staking and it's completely gone! Can anyone point me in the direction of some help? Maybe even searching for the coin in my meta mask would work but I'm just not sure how?

[gloomy gazelle]

The thing to do is make sure you are connecting the correct wallet to the staking page and then look in the VESTING tab.

You can use etherscan to determine when you would have staked any ILV.

I can open a private thread in #❓❗〕community-help if you’d like some help learning how to use etherscan

[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.

[prisma tendon]

Thanks for responding, wow it in worked today. Have I been losing my head? LoL I've been freaking out about this for weeks!

I would love that assistance because I also need help importing them into my wallet I believe. I still can't see the ones I had in there.

[gloomy gazelle]

Importing should not be needed. Look for the ping in #❓❗〕community-help soon

[winter dust]

Hello, i can't manage to withdraw my LP token on Sushi , screen is empty when i clic on ETh/ilv pool

[candid kettle]

#🥩〕staking message

[winter dust]

Still can't, sushi v1 not responding (error 500) and can't see any "earn" button on sushi v2, if i go on pool and then clic on ILV/ETH it doesn't show me anything

found it but not where the screenshots shows... i went on "deposit" button on ILV/ETh pool then i could manage to withdraw

[tired lotus]

i tried to see if this question had been asked but i couldnt find a answer...am i able to stake in both ilv and ilv/eth at the same time? or does it lock me to the first one i do.

[cunning perch]

You can stake in both pools at the same time. SLP in one and ILV in the other

[worldly sigil]

those who can be withdrawn, they are no longer gaining anything? they just sit there?

or i continue to get yeld if i leave them like this?

[versed coral]

They continue to yield rewards. You can leave them as they are

[timber sequoia]

and for revdis too, for the moment....... (and same Weight)

[crisp harbor]

Guys, I have got a question which I couldn't figure out on my own.

So I have taken a look at my staking dashboard after a few weeks/months of not doing so.
I hadn't claimed any Staking rewards yet, now that I took a look there were almost no pending rewards anymore.

I then panicked thinking I got hacked or sth. I then headed over to the Vesting and saw that all my pending rewards were claimed as ILV and are now staked in the vesting.

How did that happen? They unlock in 362 Days, so it must have been claimed 3 days ago. Is there some sort of auto claim function or something? I apologize if its a dumb question but to me this is unheard of

[last hawk]

No there is no auto claim function. Someone clicked claim and selected ILV. Contact support with the link in the #❓❓〕support channel. They can look into it.

[timid quarry]

Looking to possibly do some LP staking here. Has others had success? Do you use Sushi swap for creating your LP pair?

[worn turtle]

Yes Sushi LP

[analog mason]

planning to buy ilv and stake it. where should i start?

[lusty pecan]

you can use coinbase or crypto.com or buy on a dex

[lusty pecan]

are you interested in staking just ILV or ILV/ETH?

[analog mason]

ilv only

[lusty pecan]

https://youtu.be/AzA96u2I7-M

[analog mason]

so i get eth from binance then transfer to own wallet? then swap using dex?

[lusty pecan]

this video is old but should help

[analog mason]

i can use hardware wallet like trezor?

[lusty pecan]

yes, I think that video is more fore ilv/eth sorry i just read the title

but this link will get you to the page you need to be at https://staking.illuvium.io/staking

[analog mason]

ohh yeah it is pairing for ilv eth ehe

guess it is same as other straight up staking right? just get ilv, have enought eth for gas then stake with your preferred lock period?

[lusty pecan]

yup

[analog mason]

k thanks. guess ill be tanking 3 gas fees. one to transfer from binance to wallet. then 2nd to swap eth to ilv then lastly staking it?

[lusty pecan]

yup, crypto can be a pain in the ass sometimes lol

[analog mason]

u got an idea how much gas right now?

lol i am only planing to buy 260usd worth of ilv and stake including gas. dunno if that is ideal

[lusty pecan]

transferring shouldn't cost too much, i dont know how much it cost to move from binance to metamask since i dont use it. there is appoval phase before you can stake which cost like $5 and guessing staking will cost $5-10 and swaping cost $5. dam gas fees

[analog mason]

dang so like more or less 30

i am actually planning to add another 200 worth by the end of the month. do u think just do it in one go for 450 to save gas? but ilv might pump

haha so hard to decide. eth gas is killing me

[sudden vine]

so with this liquidity pools, do they counteract slippage making it easier for big whales to dump?

I'm new to defi staking keen to try it out but very curious about its parameters and variables in general

[lusty pecan]

I would wait

[lusty pecan]

not sure what your asking sorry,

[lusty pecan]

the bigger the liquidity pool the less impact a whale has on the price. this might answer your question

[sudden vine]

awesome, thanks for your help!

[gloomy gazelle]

This pinned message has a link to a good article about illuvium staking #🥩〕staking message

[cerulean flower]

How I can stake Ilv on layer 2?

[ember ginkgo]

There is no staking on Layer 2 yet

[cerulean flower]

Why?????

[ember ginkgo]

Because they didn't write a staking contract on L2 yet

[bright heart]

You can't even bridge ILV to L2 yet. Let alone stake it. I think with zkEVM from matic partnership staking can be migrated. But at this point is just too much extra work.

[worn turtle]

You can ser

Someone bridged ILV to imx today

I think by accident

But they did

[gloomy gazelle]

https://tenor.com/view/but-why-tho-haha-but-why-but-why-tho-lol-laughing-funny-but-why-tho-gif-14567292

[weak hawk]

can you buy ilv direct on binance ? and send it to metamask ?

[candid kettle]

Yes, simply make a purchase and then initiate a withdrawal. Just be mindful of the withdrawal fees

[weak hawk]

better to change them there much cheaper

[candid kettle]

the withdrawal should be made to your wallet on the Ethereum (ETH) mainnet. Be cautious not to select another blockchain by mistake

[weak hawk]

would it be any problem to unlock from pool in one year

the pool ends before that

[candid kettle]

The revdis continues indefinitely even after the rewards have finished being distributed

[weak hawk]

yeah but after pool end its better just to have ilv

thinking on staking ilv/eth for a year now

[timid quarry]

staked ilv/eth lp for 12 months. only could afford $650 LP for now. gas was not ideal. $11 to create LP. Another $11 to stake that LP. at 40% APR that should yield $250 or so interest. hope for ILV and ETH pamp and should be looking good.

[gloomy gazelle]

https://tenor.com/view/fingers-crossed-i-hope-so-please-please-gif-19730905

[tawny notch]

Once the vesting period is done on our slp tokens do we have to restake them to earn rewards ? Or can they just sit and be left as is

[gloomy gazelle]

They keep earning until you withdraw them. So you can just leave it.

[tawny notch]

Thank you!!

[weak notch]

Is there a guide on how to remove LP staking and cash out on sushiswap?

[cyan rampart]

#🥩〕staking message

[weak notch]

Is there anyone that can help? I claimed ILV rewards but it the website says timed out but the transaction went through on the network

[cunning perch]

Does it show “success” on Etherscan? If it is successful, then you should be able to see the claimed ILV under the vesting tab and the claimed amount should be 0 under rewards.

[slender ocean]

I have eth/ilv slp how to unstake convert all to eth? The interface in sushi has changed a lot in the past year im confused

[gloomy gazelle]

Check this conversation out. #🥩〕staking message

[old schooner]

Is staking good?

[bright heart]

https://tenor.com/view/dominick-decoco-italian-gif-18503309

[bright heart]

Please get to know the pins in this channel to learn more about it. Once you know what revdis is, you'll get convinced.

[candid kettle]

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

[gloomy gazelle]

Sushi LP Removal: (updated on October 3, 2023)

1. Check that you hold SLP tokens in your wallet. The contract address can be found via ⁠https://discord.com/channels/760344898200666112/814430845079126057. Withdraw your staked SLP from the Vesting page if you have not done so already.
2. Navigate to sushi.com
3. Click “Enter App" Image 1 below
4. Click on “Pools” tab. Image 2 below
5. Connect your wallet.
6. Click on the ILV/ETH Pool (it will probably be at the top of the list). Image 3 below
7. Click "REMOVE". Image here #🥩〕staking message
8. Approve the transaction to approve SLP token spend (if needed).
9. Approve the transaction to remove liquidity.

Visual Guide: (4th image is out of date, but step 7 has a link to a picture of the new UI)

[glacial scroll]

hey crew, hope all are well, hey just wondering, anybody got a rough estimate of what the circulating supply of illuvium will be in late 2025?

[ember ginkgo]

8 mill

[brisk surge]

Wrong it's actually only 20% apr it's very misleading on the website and what the influencers say. Just do half of what website says roughly

[gloomy gazelle]

The protocol certainly not simple to understand at a glance. Rewards are variable depending on demand but trending downward over time.

[silent spire]

Once my stake has been vested, do I need to withdraw it in order to receive rewards, or will it continue generating rewards automatically?

[last hawk]

It will continue automatically with generating rewards

[eternal portal]

can you mark where we are rn?

[gloomy gazelle]

The website does. I’ll pull it up

Hmm the graph on the site does not show up on mobile.

That puts us right around there, since the epochs are 1 fortnight long and the vertical bars start around 10

[tawdry leaf]

when did staking v2 get launched? been out of the loop for a bit

[worn turtle]

March 31st, 2022

[versed coral]

Time flies

[cinder acorn]

scuse me
is it normal that unstaking takes 15 minutes?
https://etherscan.io/tx/0xc7ea3db78cf0c6366aa7258b6eb986d9b835f0c38e884faad2308581282d9138

im trying to unstake my ilv/eth rewards

[gloomy gazelle]

It depends on gas

I’ll check it out

[cinder acorn]

thank you
im trying to speed it up but its failing, im trying to cancel and its failing.

i sadly also refreshed my vesting page
so the step popup disapeared

[gloomy gazelle]

Problem is you have 3 transactions waiting. This one only has gwei set at 7. https://etherscan.io/tx/0x201df1eb4e205e3353bd05cd43b0a3028d9d3cd1bfb616e861b631c8c9c59ab6

Too slow

[cinder acorn]

how can i cancel it

[gloomy gazelle]

I’ll post something here that will help you get that done.

Your metamask should be able to speed it up…

[gloomy gazelle]

Search for (metamask cancel transaction) and you’ll find the metamask support page that shares how it can be done.

You could try using your wallet to speed up tx but if that does not work I recommend doing the method 2 for canceling.

[cinder acorn]

hum can u tell me what is the nonce of that transaction
i claered all queed events and i cant see the nonce
i went to the site u gave me for my first transaction but i cant see it there either

[gloomy gazelle]

It’s there under more details. One moment.

[cinder acorn]

ok yes thank you

[gloomy gazelle]

Nonce 44

[cinder acorn]

omg ur the best i think its good
ill retry to claim my reward
give me 5 min got mac n cheese on the stove

[cinder acorn]

thank you so much you are a life saver
if there any hting i can do for u that take less than 5 minutes pelase let me know

[gloomy gazelle]

Haha no I’m good.

[naive hull]

are people staked in slp get more revdis?

is there any calculator for like: if dao earns 10m and i have 1 ILV staked, how much will my revdis be?

[ember ginkgo]

You get revdis on the ILV part of you stake

[cyan rampart]

Revenue divided by the number of staked tokens equals revdis per token (approximately - this does not account for staking weight).

Like Fraggy mentioned, only the ILV portion of an SLP position receives revdis. A SLP deposit only gets revdis on 50% of the value, while an ILV only deposit gets revdis on 100% of the value.

As a simple example, if 7M ILV tokens were staked at a 2.0 weight, and we were distributing $7M of revenue, each ILV would get $1 of revdis.

[naive hull]

As per Dune Illuvium Staking Dashboard, there is 2,1m staked ILV and let's say 100k staked SLP, that would be 2,2m ILV tokens staked total?

Apart from that there are tokens from the treasury that I would think also get revdis? So is there a way to calculate how many tokes are currently in a "staking pool"?

[gloomy gazelle]

I was considering this earlier today and I would think there’s a way to call that data on the revdis contract. But I don’t yet know if that’s true. It’s even possible that the contract, even if it can provide that data will provide inaccurate data because the contract has not been updated to match the current situation.

[gloomy gazelle]

Oh. The dashboard @regal marten made does not count vesting or unwithdrawn rewards but only counts deposits. The reality is that much and maybe most of the eligibly staked ILV is going to not be included in that dune page.

To count it I would look at the total token numbers on the staking and subtracts any tokens not in the eligible staking contract wallets on etherscan.

Possibly a little tricky but I’m realizing that this is definitely doable.

[regal marten]

Yes, it only counts ilv staked via the staking program, including staking rewards. It does not include vested ILV by seed investors, team, treasury though, which is indeed a big amount.

[gloomy gazelle]

Also, 1slp token does not have 1 ILV token. It has several.

[gloomy gazelle]

If I wanted to learn how to use dune to create something… do you have any recommendations on where to learn how?

[regal marten]

I would start with the standard dune docs! They were reworked recently and should be much improved compared to a year ago when I started tinkering.

I'm assuming you have a basic knowledge of SQL ofcourse 🙂

[gloomy gazelle]

https://tenor.com/view/nope-no-wrong-again-wrong-lion-king-gif-3407565

I checked the dune website recently and got overwhelmed by how much I’d have to learn. Lol

But maybe I can start chipping away at it.

[regal marten]

Yeah, just took a look and I agree. I'd say that practice is key, but that's more easily said than done ofcourse 🙂

[gloomy gazelle]

At least I know enough about ethereum to confirm if something is correct or not.

[regal marten]

That's a start 🙂 Reading a query is not that hard. It only gets a bit more complicated when you start joining tables, it took me a long time to have a correct abstraction of that in my mind, while reading it.

There's some sql courses on khan academy I just saw, that should be good!

[gloomy gazelle]

I like khan academy

[white flint]

should've taken the mac and cheese...

[worn turtle]

I started this too, actually a really good program

[ember ginkgo]

https://twitter.com/Lelahel28890172/status/1672210516629164032?s=20

Is this true?

Lelahel (@Lelahel28890172)

Do you know @illuviumio have an issue since Staking V2. You're getting only 73% of the rewards you're supposed to.

Explaning why the amount of pending reward keeping expanding.

Twitter · Jun 23, 2023, 11:50 AM

[timber sequoia]

illuvigate

[primal igloo]

Wait so im supposed to be getting even more on my 1 ilv? 😡

[timber sequoia]

maybe an annoucment about that if confirmed ? would be cool

[ember ginkgo]

I guess @worn turtle can provide us some feedback?