🥩〕staking

[hot lynx]

18th 25th 1st .. we hang just DAO investors

Who knows

No apologies no updates 100% reactive

[carmine agate]

i just need to know how much is being distributed

[vivid cove]

Why?

[carmine agate]

High number can cause a sell off

[steady trellis]

221483.11 ILV pending claim, you can expect a big part to be due to that.

For reference - After a few days when v2 release we were down to 49440.31 ILV pending claim at the lowest.

[carmine agate]

so its just keep pilling up?

what is pending claim?

[steady trellis]

What every stakers can claim

[dreamy osprey]

And when everyone can be able to claim that? Or it is posible already?

[candid kettle]

It depends on the lock period you set at the beginning of the stake. If the lock period has already ended, claiming is now possible.

The claiming period is set at the beginning of the stake and varies from person to person

[carmine agate]

200k ILV is ready to be claimed?

[gloomy gazelle]

?claim

#🥩〕staking message

https://tenor.com/view/disney-robin-hood-prince-john-hiss-never-around-gif-12699142

[carmine agate]

pelican do u concur?

[gloomy gazelle]

It’s probably not what you think

[carmine agate]

[gloomy gazelle]

Pending claims still need 12 months to vest after being claimed before they can be withdrawn/minted/sold

[carmine agate]

ive been asking the team for the number and they have been ignoring me. if its a low number they can just disclose it right?

[gloomy gazelle]

Perhaps the numbers change. Meaning it goes up as more rewards are being distributed every block.

Perhaps it’s not exactly simple to determine the total “missing” since you’d have to call the numbers for every single staked wallet. Over 30,000

I honestly have not the slightest idea.

I’ll let the blockchain team share when ready.

[steady trellis]

Well yeah but some are blocked by the contract it seems.

[steady trellis]

221 483

.11

[steady trellis]

Yep. That’s why I say claim.

But no idea what the team will do. Will it be usual claim vested 12 months ? Or because this is ongoing since v2 (lol) maybe they will be unlocked ? Dunno

[carmine agate]

locked for 12 months will be unfair

[worn turtle]

Didn't ignore you

We will have all the details in the announcement is what I said.

[carmine agate]

[ember ginkgo]

wen?

[worn turtle]

I'll confirm the date today

[dreamy osprey]

So basically if everyone claim and everyone sell, we are fucked up right?

[ember ginkgo]

Don't worry, I'm not selling

[worn turtle]

They are locked just like if you claim ILV normally

[ember ginkgo]

Actually, I asked about this. And the person replied they aren't locked. Might have been Aaron

[dreamy osprey]

Yeah but @steady trellis just said there are 200k that can be claimed right now right? So it means 200k ilv can be sold now as well just with the staking

[ember ginkgo]

Hmmm can't find it anymore

[gloomy gazelle]

That is not what he said.

There’s the missing claims and then there’s the regular pending claims. Not the same

[dreamy osprey]

Ahhh and the pending + missing is 200k? Or just the missing is 200k?

[gloomy gazelle]

He’s counting all together and does not know how much is split into which category

Neither do I

[dreamy osprey]

Ok ok, thank you sir

[gloomy gazelle]

I remember this as well. Neither could I find it

[ember ginkgo]

Oh thank you so much! I felt like I was going crazy but I can't find it

[carmine agate]

he deleted?

[gloomy gazelle]

Seems unlikely. Discord search is very specific. And our memories are not

[worn turtle]

Doubt he deleted it, maybe something was misunderstood, but this is how it is according to all the information I have (autostaked for 12months same as claiming staking rewards in ILV normally)

[ember ginkgo]

No way pelican and me had the same dream

@lament token got some explaining to do

[ember ginkgo]

My memory had a small glitch but I rebooted and found it. Was Nick, not Aaron

[carmine agate]

i remember also

so potentially 50k ILV ready to be distributed and maybe sold?

25% of 200k pending claim

[worn turtle]

Nick nick nick

[hot lynx]

Correct that was my understanding.

if the token was allocated to us 11mths ago it's 1 month to unlock 🔑
Not another 12 months and it's a mistake to start with 🙈
@lament token

[gloomy gazelle]

#💰〕token message “relatively nominal” Since it’s talking about the weight calculation only for deposits still in v1 contracts. While there is still a lot of v1 SLP deposits (2/5) the difference that a change in relative weighting has will not be massive.

Xastor’s page may have some info regarding change of SLP lockups over time. I’ll take a quick look. (I checked. It does not have lockup info that I can see)

I disregard the original ILV only pool since there’s only 48,858.4 ILV tokens deposited in that one.

[ashen dust]

can you stake ilv using a trezor?

[dense geode]

yes u can if u use Metamask with your hardware wallet

[ancient eagle]

Peeps can sell, i will buy it!

[lament token]

@worn turtle @ember ginkgo truly, sorry I was certain they were distributed unlocked. I'm searching for the information now, if that's the case that's my misunderstanding.

[ember ginkgo]

No worries Nick, I’m just glad I’m not losing my mind 😆

[gloomy gazelle]

https://tenor.com/view/so-say-we-all-battlestar-galactica-gif-12154292

[hot lynx]

Can we get an accurate date of wen as it was the week of the 18th

Flash backs of sLIV v1

Time to unlock 12mths - minus how many months since it was owed

[hot lynx]

Thx @lament token

[twin mulch]

So about staking, i have a question: Whats more interesting at this moment, selling slp and buying ilv and staking those or just keep the slp? My gut tells me i should convert, but my mind tells me no you made a deal with yourself stick to it :).

Also, in the emission schedule does the daily amount you make keep dropping every epoc or does it stay the same now (looking at the emission schedule it seems from now on the same amounts are released every epoc) so does that reflect on the daily amount earned?

[hot lynx]

Mind over matter

[twin mulch]

?

[hot lynx]

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

The old days
been dropping every 2 weeks as per the program %

please don't ask who the bald guy is 🙈

[pale trellis]

I vote we burn all the unclaimed tokens 🔥

[south fable]

If you believe ilv will pump against eth then it is best to swap to pure ilv. If you think the ratio will stay the same for an extended period of time or ilv dumps against eth even further then it is better to keep slp.

I have been selling my slp and moving into pure ilv for months and gonna keep on doing this as i believe ilv will severely outperform eth in the bull run.

[twin mulch]

Same feeling here, since they are cheap now 🙂

[tranquil cairn]

The slp staking is really nice though it’s hard to gauge it I’m earning 1 ilv a week in rewards from staking eth/ilv

[gloomy gazelle]

The website graphic is not to scale. Emissions continue downward each epoch.

[carmine agate]

👀

[ancient eagle]

I dissolved 51 SLP recently into single side. The total ILV captured from this was too good to ignore - time will tell if this decision was good or poor.

[rancid zealot]

Hello guys, i ve a simply question, How stack and hav SLP, should i switch ilv into slp directly on my metamask account?

[hot lynx]

today's confirmation

[hot lynx]

What's your goal

[burnt wasp]

To be a king

[hot lynx]

Wdym

What's King level

Strange he has no Staker tag

Good luck to all that stake
1 ILV 100 or 1000

[rancid zealot]

Up

[cyan rampart]

To get SLP, you can follow this guide: https://illuvium.io/news/43-how-to-stake-ilv-eth-on-illuvium-staking-v2

Basically, you provide liquidity (equal values of ILV + ETH). You are given SLP tokens as a "receipt" for your liquidity.

After you have SLP tokens, you stake them on the Illuvium website. There's a video guide here. #🥩〕staking message

You can find both of these in the pins if you're wondering about them in the future.

[rancid zealot]

Thx a lot

[worn turtle]

I need one more confirmation, but looking like very soon like this week soon

[ember ginkgo]

So same as past 2 weeks "This week"

Let's just go with next week to be sure

[hot lynx]

18th 25th .. 1st

[worn turtle]

https://tenor.com/view/does-time-even-exist-janelle-monae-the-imdb-show-quarantine-covid19-gif-17494180

[hot lynx]

🫣😂in Crypto it's on fast forward

[carmine agate]

https://tenor.com/view/hawk-eye-dont-give-me-hope-clint-barton-avengers-gif-14260447

[ember ginkgo]

https://tenor.com/view/hope-gif-19238353

[worn turtle]

I hope you guys have a good day

[prime zealot]

what should i buy?

[gloomy gazelle]

Responded elsewhere.

[hot lynx]

🐦

[worn turtle]

I wont dont worry

soon jaggy

[worn turtle]

like sooner than you think

[serene vigil]

Let's restrict deposit and withdrawal for only one week due to stacking and mainnet inspection,,
Then, coins can soar

[gloomy gazelle]

What?

[spiral shell]

I did a calculation on the rewards on my SLP pool. I'm getting about half of the 37.23 % that I'm supposed to get. And this has been so for a long while now.

Best case scenario there has been a hickup with the code and it will be adressed and I will retroactively get the rewards ya'll promise. I don't wanna get into the worst case secenario just yet. How will this be adressed because I have been shorted on my promised rewards for a the better part of 2 years now.

[carmine agate]

its always been later than i think

[carmine agate]

@steady trellis reported 26% missing

[south fable]

26% throughout the whole staking history? Like for 2 years?

[carmine agate]

cmiiw since V2, like march last year

[south fable]

That would be huge. Seems like I am getting a lot of ILV soon.

[carmine agate]

id like to know if the missing rewards:

• will be locked/unlocked
• are a lot

[south fable]

Seems like its gonna be quite a lot. And i guess they decide to lock it.

[carmine agate]

my gut feeling its a lot, since they dnt want to disclose it until announcement

locking the missing rewards would be unfair, it should be pro rate

not sure how to do that tho

do the missing rewards compound for the period its missing? huh

[median canyon]

The missing rewards started about 4 months after launch of v2.

They will be locked for 12 months. There is no way to set the locking pro rata.

They do not compound, but that isn’t relevant as everyone is in the same position. There are small differences in how often people claim but we can’t predict this. Note: They compound now, but we haven’t calculated an extra “compounding” amount because that wouldn’t make sense.

You can only claim ILV, not sILV2.

There will be another claim prepared for the end of rewards which will make it perfect. This will be a much smaller claim.

[spiral shell]

So when can I expect the missing rewards? Because if they are going to be locked up for twelve months... I'm going to need them unlocked by 2025...

[spiral shell]

Thanks for the quick responce btw

[median canyon]

You will get the vast majority available to he claimed soon. There will be a tiny amount at the end of the rewards schedule.

[spiral shell]

Awesome. How soon? I like quantifiable answers.

[median canyon]

Liking them and getting them are two separate things.

In any case as soon as I have a concrete answer I will tell you.

Currently I’m dealing with an important deployment so I don’t have much time to talk.

[spiral shell]

That was the most arrogant answer ever

Dislike. Strong dislike.

If I had made a mistake that causes half of the rewards of investors the be out in limbo, creating the appearance of dishonesty in a branche of finance that is riddled with scams, I would be forthcoming with info towards the people that trusted in your project years ago when it was just an idea. I wouldn't try to brush of a request of information about where THEIR money is with a simple: "I'm to important to talk to you."

And if you gonna be that arrogant you should check your grammar at least.

[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.

[silent arrow]

Hey !

Can you confirm if it is ok to withdraw the SLP now and buy ilv with the eth part and stake in ilv with no loss in the claim of the missing reward ?

I d assume you already have taken the snapshot so it should be safe to do, but would love a confirmation from you

[wanton zephyr]

guys, is it good to stake ILV only?

[silent arrow]

Your decision my friend, you won't get any financial advice here !

[median canyon]

Perhaps my subtle hint was too subtle. I have to get back to a really important deployment that is happening right now, that might interest you.

Hopefully that is clearer.

[median canyon]

Yes. That is fine.

[median canyon]

But staking ILV will get you a date with a supermodel.

[hot lynx]

[carmine agate]

thanks for the response. few questions:

• so everyone is affected? not just a few wallets?
• locked for 12 months? is there a reason why? can we vote on this?
• only claim in ILV? why? can we vote on this?

[median canyon]

Everyone who staked after about 4 months into staking v2. LP stakers more so.

Locked for 12 months because we only have access to the existing functionality. While it might technically be possible to do something else, it is entirely unfeasible.

Why only ILV? For the same reasons. We are piggy backing on something we already have for safety. Adding sILV2 as an option opens up some previously plugged holes.

This is a situation where there is already massive complexity and risk. These choices mitigate those risks.

I could guarantee if we had to get the team making additional work to engineer a solution that perfectly allows flexibility and convenience that they would definitely not get the fuel pool done in time.

It’s not ideal but getting this done now in this way is the only option.

[carmine agate]

is it possible to hold a council vote for the option to claim in sILV2? given the additional delay and risks?

[median canyon]

You could ask to hold a council vote to add sILV as an option to claim.

However, the option to claim via ILV is completed so we will be putting that out no matter what.

I would strongly be against it. Not because I don't want to give people options, but because the extra time it takes will certainly delay the game.

There's no benefit in delaying the ILV claim option, since we want to get that done asap so people's unlocks start immediately.

[carmine agate]

so the option to claim the missing rewards in sILV2 can be added later

[silent arrow]

"Later" would probably be 12 month mini so just claim and in 12month you buy silv2 with those ilv 😉

[dense geode]

Guys lets chill out, let them deploy first and we can argue after

[median canyon]

I think it would be technically feasible. But the extra work to do it takes away that team from the fuel pool. So it would come later. Nobody remembers that Beyond was ready without the album feature and then was delayed at the request of the community. They just remember "The team were late". Same for PVP, with the deck builder.

End of the day we are trying our best to get everything done in a reasonable time, and this issue is nobodies fault but our own, caused by the exploit in sILV which cascaded into all sorts of problems. We're still paying for that.

So I wouldn't blame you for asking for it. All I would say is that it's clear if this passed, and delayed the game, nobody would have the perspective to say "oh yeah, we asked for that feature knowing there would be delays", they would just say "Why delays?"

In the end each of you has a particular set of priorities and you should pursue them. Whatever the choice, we will do our best to get any features out for you fast.

[brisk surge]

But also affects v1 right? I believe I also miss heaps of rewards. The APY / APR is about 40% off since v1 already

[ember ginkgo]

You do know % has been going down a lot right? You don't keep the % of the moment you staked

[brisk surge]

So it's not a real APY / APR? That does not make any sense... you calculate the moment you stake with APR and APY and that is what you should get assuming no more people stake, and they have not really in SLP its been very constant. So again, I want my 40% missing.

[ember ginkgo]

I'm sure one of the <@&795142782133207063> can explain you how it works.

[silent arrow]

In V1 I was getting what I should, I juste calculated after 3month in to check and it was ok, things started to go sideways after v2

[silent arrow]

If you think it s 40%, you can restart your numbers from scratch because there is something you clearly don t understand 😉

[brisk surge]

I did the math many times. So either they scammed us by not using a proper formula for APY / APR (and calculcate the reduction in epoch - which I assume they would have considered), or it is clearly missing

[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.

[silent arrow]

Or ... You just don t get it

[median canyon]

It's absolutely not off by that much. From your other message you are confused about the APR. Stakers in V2 affect people in V1, they are all considered one large thing. If more people stake in v2 (which is happening all the time) then anyone, in any pool, gets a lower percentage return. It's fixed emissions.

[cosmic bridge]

He didn’t say he was too important to talk to you, he said he was busy and had no definitive answer, do you enjoy putting words into peoples mouths or are you just that impatient?

[static crown]

this announcement is legit right? always doubtful when there are new links posted anywhere...

[ember ginkgo]

Mods interacted with the contract before it was posted so seems legit

[hexed solar]

you can navigate through nav bar

(if you prefer that to direct links)

[static crown]

I'm on the staking dashboard, don't see a missing button yet

[hexed solar]

Staking App -> Rewards -> Missing Rewards

[median canyon]

I don't mind. I was trying to subtly hint that we were going live with it TODAY. But my hint was a bad one, so it came across like I was dismissing them.

[static crown]

ah i see it now thanks

[ember ginkgo]

We don't talk on Aaron his level

[median canyon]

As always, we recomment you navigate through the website yourself rather than clicking on a link.

[median canyon]

Yep, mods have tested it. The team has tested it. (It's been up for a few hours actually). The council have been away for a long time now. But as was asked, if someone wants additional functionality such as sILV2 claiming, then they should speak to the council about an IIP for it.

[static crown]

ooo quite a significant chunk from missing rewards

[median canyon]

I'm jetlagged and stupid at the moment. If something is confusing it's not because I'm on another level, it's because I'm incoherent.

[ember ginkgo]

The fix it up, get out of here.

BYE AARON

[median canyon]

It depends on when you staked and where you staked. For example my claim was about 7 ILV. Others will have much higher claims. (I staked in ILV pool only because I didn't want to take rewards from other people. And my main ILV still remains unclaimed and unstaked for the same reason.

[dense geode]

Just a question since I won't be able to check untill later tonight, could there be any issues with the missing claims if a stake has been migrated to a new wallet.

[median canyon]

You will need to claim on both wallets.

[last hawk]

need to check that

[median canyon]

There won't be any issues, it will just be split across all wallets you staked on. If you only held it there for a small amount of time, your claim might be tiny.

[last hawk]

oh ya on both, the old and the new wallet.

[dense geode]

Fuck,ok the old wallet is compromised and the stake has been moved later on to a new wallet

[last hawk]

Can we move the ilv rewards from the old wallet to the new wallet. because we have a few people that have compromised wallets. my old wallet too.

[median canyon]

I don't think there is any way for us to help with that unfortunately.

[dense geode]

I'm sure this could be resolved with flashbots but it will be very dependable on the amount.

[median canyon]

If the wallet was only ever used in v2, maybe?

[cedar flame]

Thank you! Aaron

[last hawk]

my one only used v2. i guess its the same as i move the staking with etherscan.

[dense geode]

Ye most likely synix I will dive into it later today and will let u know if we have options

[last hawk]

i try to send my 0.16 ilv from my old to test for you guys. 😄

[dense geode]

If the missing is using the same parameters as V2 stake we should be able to bypass a sweeper with flashbots

[median canyon]

We have added the migration functionality to the web app with this update.

[last hawk]

saw it.

[median canyon]

But I don't know if it works for already migrated wallets, or with this.

[last hawk]

normaly when i claim on the old one. it goes to my vesting and then i can move it to my new wallet. (only v2)

[dense geode]

Right, so maybe we won't be able to migrate the missing straight away, maybe have to claim it, then migrate

[last hawk]

i try when gas goes a bit down. don´t want to put more money on that wallet. 😄

[dense geode]

Ye makes sense, I won't be able to do that with mine either, it had a sweeper, maybe still does, not sure will have to see

[last hawk]

ya if i go over 10$ it will get sweepet but under 10$ i am fine.

[dense geode]

So claiming those missing will be a pretty expensive undertaking if using flashbots it will have to be well worth it

[last hawk]

don´t need a flashbot if i am right, if you claim them, it will be locked for 12 months, in that time you should send it with the new wallet change feature or etherscan to your new wallet.

[dense geode]

Right, only problem is, in my case, is that I will need a flashbot transaction to bypass the sweeper to approve the claim

[last hawk]

oh ok got it.

[dense geode]

And after that I will need a flashbot transaction to approve to migration

[carmine agate]

so what will happen to the unclaimed missing rewards past EOY?

[ember ginkgo]

https://tenor.com/view/burn-gif-20530397

[dense geode]

Burn plz

[pale trellis]

https://tenor.com/view/yesss-fire-mistazelf-excited-restaurant-gif-22088135

[dense geode]

No way

[carmine agate]

oh wait, no

[pale trellis]

https://tenor.com/view/flamethrower-protective-gear-burn-it-all-burn-it-to-the-ground-gif-17551547

[dense geode]

40%? That u can claim? On your wallet?

[carmine agate]

yea

[dense geode]

Ok wtf that's insane

[carmine agate]

its 40% of what i have claimed

[ember ginkgo]

weird, mine is low as F

[dense geode]

Ye that's way more then I expected

[carmine agate]

Missing rewards = 28.5%

[dense geode]

Ye it will be very case dependent

[spiral shell]

Well done @median canyon . I commend you for running and fixing this issue within hours after I brought it to your attention. And jetlagged even! The communication has room for improvement but as far as customer service goes, you are a straight up silver medallist.

Go sleep now Aaron. You've earned it. Go sleep so you can rest, get up and fix Fancy Birds in the same efficient manner you've handled this situation, cause that project is still spiralling...

[carmine agate]

theyve been working on it for months

[ember ginkgo]

Ofc not, he mentioned it and they fixed it right away

[dense geode]

😂

[carmine agate]

new species of moonboi
its the marsboi

thanks @spiral shell for finding out the issue. champagne on meeee

[ember ginkgo]

🫡

[spiral shell]

You're all welcome, but the credit goes to Aaron. So send the champagne to him

[dense geode]

Jochem for president

[carmine agate]

i prefer oxy tho, im watching painkiller on netflix

[ember ginkgo]

Nah we send Aaron to bed 🛏️

[cedar flame]

I was really surprised, and it helped me a lot! Thank you!

[spiral shell]

I couldn't handle presidential tasks besides my trolling duties.

[pale trellis]

9.66 ILV for meee

[dense geode]

Isn't that what a president does anyway, pointing at trump

[south fable]

Thats a nice claim 👀

[spiral shell]

Well done. God knows he earned after tending to my assignment.

[pale trellis]

https://tenor.com/view/itrendz-itrendz-trading-itrendz-family-options-trading-money-gif-26396247

[spiral shell]

Bruh, you describing Elon there...

[fleet isle]

Ask him for pvp so we can play this afternoon

[spiral shell]

Let the man sleep. And PVP should come just before, or during the bullmarket if you ask me :p

[ember ginkgo]

PvP is coming in September

[dense geode]

Damn nice, free real estate

[spiral shell]

Well I'm not going to argue there. I got my 8.88 missing ILV, and will trust sleepyhead's decision making from here on out.

[fleet isle]

Friday

[dreamy osprey]

Just to undertand it, right now there are 175k new ilv token that can be claimed and sold?

[candid kettle]

The tokens cannot be sold immediately after the claim; they will remain locked for 12 months in a regular staking state.

[dreamy osprey]

And another question, when finish the staking v2?

[candid kettle]

The staking itself does not conclude; what concludes are the rewards in ILV, which are expected to end in the middle of next year. After that, the stake will only consist of the revdis component (derived from game profits to be distributed to stakers) and will no longer involve ILV production.

[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

[dreamy osprey]

so till middle 2025 people will be able to sell the ilv claimed in middle 2024 right?

[carmine agate]

claimed. which floor should i sweep?

[candid kettle]

yep

[split totem]

nice thing to wake up to a missing 12.87 ILV!

[candid kettle]

In the pinned messages here in the chat, there are some graphs for you to track the token release and other information about the stake if you're interested.

[hallow sapphire]

🥳

[opal furnace]

How much would someone receive if they had 100ILV staked during that time. Currently overseas for a while so I can't claim or check it out

[ember ginkgo]

Holy 🤐

[candid kettle]

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

[steady trellis]

Told you 27%

🙂

[carmine agate]

damn lelahel

never.fade.lelahel.

[steady trellis]

😛

[turbid relic]

If I staked 40 ILV with a ‘2’ weight, and it unlocked recently, how is that ‘unlocked’ ILV now treated?

Does it remain staked and if so, with what weighting?

Or do I have to withdraw in order to re-stake for a set period?

[steady trellis]

Now @carmine agate let see how much the green come kissing the yellow

[cosmic bridge]

What does this mean? Change what?

[surreal mesa]

Dunno if maybe the missing rewards threw off stats calculation on Dashboard page somehow but these used to have numbers for me and now they don't

Anyone else got the same problem?

[plain thorn]

cant transfer to another wallet if you had v1 stake? why?

[opal furnace]

How many tokens did you have staked in order to receive that amount?

[carmine agate]

Hit refresh

[ember ginkgo]

Contract doesn't allow it

[hallow sapphire]

https://tenor.com/view/star-wars-hoodie-emperor-all-of-them-gif-13950795

[steady trellis]

Damn ... lol again I need to do ANOTHER specific in the code for the blockchain queries ..... those appear in ILV staked, not in ILV claimed ..... oh boy .....

38k claimed today .... lol ... crazy

[cosmic bridge]

What happens to these missing rewards that dont get claimed by 2024

[ember ginkgo]

At this moment, nothing

[opal furnace]

Bump

[south fable]

Kudos to the team for sorting the missing rewards. Even though they were missing, it feels like a hefty airdrop.

[carmine agate]

SLP? the missing rewards is 30% of the total rewards that you should be getting

[pale trellis]

Just doxxed your wallet

[carmine agate]

ur claimig 38k rewards?

[spiral shell]

Yeah me to, but all my ILV and SLP is there..

[hallow sapphire]

https://tenor.com/view/one-michael-tick-tick-boom-only-one-just-one-gif-22946595

[carmine agate]

damn josh

[spiral shell]

These ethlizard guys are bout it bout it 🤣

[steady trellis]

i'm not Kieran

[gloomy gazelle]

That depends on when things were first staked and what pool and what weight. So 🤷

[severe haven]

I staked in V2 ILV.
How do I know if im affected?

[gloomy gazelle]

You connect to the site and check. But I understand that you won’t be. I was probably wrong, you probably were.

[worthy lark]

Claim Missing Rewards

We have identified a rewards weighting discrepancy between Staking V2 and Staking V1. To resolve this gap and claim missing rewards a manual action must take place. Missing ILV yield rewards are subject to a 12-month vesting period. While they are vesting they compound your rewards.

All rewards must be claimed by Sunday, December 31, 2023 11:59 PM UTC.

Follow these steps to claim your missing rewards:

• Navigate to https://staking.illuvium.io/rewards/missing
• Connect the wallet address with which you have staked on our platform.
• Once your wallet is successfully connected, you will see how many rewards you have accrued.
• Click on “Claim and Stake” and confirm the transaction with your wallet.

After the transaction is confirmed on the blockchain, you can check your claimed rewards in the Vesting tab (https://staking.illuvium.io/vesting)

More information & FAQ available here: https://illuvium.zendesk.com/hc/en-us/articles/7712579846287

[ember ginkgo]

https://tenor.com/view/rave-rave-girls-took-too-much-autobattler-rpg-gif-22413111

[carmine agate]

cant capitulate if its missing

[versed coral]

Has anyone been able to claim the missing ILV successfully?

[carmine agate]

u can wait. maybe the website is busy

[cyan rampart]

Checking Etherscan, it looks like most of the failed txns are reverting when they run out of gas. If it's failing for you multiple times, you can open a ticket with #❓❓〕support

[hot lynx]

[shell vortex]

hey guys if i claim the missing rewards now there will not come any additional rewards until the end of the year right? just want to make sure to not pay double for gas....

[carmine agate]

next year

[shell vortex]

next year again or what?

and i guess theres no way to claim the normal rewards together with the missing rewards right?

[cyan rampart]

Correct, you can't claim normal rewards with missing rewards.

The next fix will be at the end of the staking program, so you're fine to claim now. The staking program ends at the end of June 2024. Just per the announcement post.

[shell vortex]

alright so claim now and next year june maybe, got it thx 👍

[carmine agate]

gas is $11

[shell vortex]

you think it gets much cheaper the next few days?

[gloomy gazelle]

Yes. Weekend will probably be half price

[shell vortex]

so it comes down to how much rewards you get for claiming a few days earlier^^

[gloomy gazelle]

No change.

Well technically your claimed rewards would start earning after claimed. So there is something

[shell vortex]

exactly

[gloomy gazelle]

ILV only apr was at 4% last I looked

[cyan rampart]

My calculator used scientific notation for the daily yield xD

[steady trellis]

42.5 / 175k

[hot lynx]

claimed thx guys

[gloomy gazelle]

100ilv earns like $0.40 daily.

https://tenor.com/view/ken-jeong-community-too-small-to-read-read-reading-gif-5494204

[hot lynx]

😂

[spiral stump]

So did we just lose our vesting time for the missing rewards?

[dense geode]

When u claim, they have 12 months vesting yes

[spiral stump]

Kinda bullshit yeah? They’re keeping our rewards for up to an extra 5 months due to a mistake on their end?

[dense geode]

well, depends how u look at it, the rewards will be generating staking rewards, and i think there might be a option to claim it in silv in the future

im ok with it, because i plan to hold for longer then 1 year, i can see others that want to be liquid right now to have problems with it

[chilly abyss]

Do we necessarily have to claim our staking rewards? Can’t we not claim it to still have the staking benefits?

[analog hamlet]

Dang we rich now

[inner cove]

insane amount… i got 1.52 🫣

[dense geode]

Yes, when u claim, they vest and generate rewards

[analog hamlet]

The airdrop we deserved not needed. Also, we are getting more next year?

[chilly abyss]

If we dont claim by the end of the year. We gonna lose the rewards?

Cant we not claim it yet so we still have the benefits or weight of our staking?

[dense geode]

well, if u are talking about the ''missing'' rewards then yes, u can claim till the end of this year, but they wont generate anything untill they are claimed and vesting

[quiet moth]

Hello my question is should I have already received anything from revenue distribution if I started staking ILV on th 14th of december 2022 and 5th of april this year ? Or maybe there is some particular date that it is about to happen like once or twice a year and this is the reason I didn't get anything yet ?

[chilly abyss]

I see so it is only about the missing rewards that we have to claim. Got it ty!

[gloomy gazelle]

There has been no revenue distribution during that time frame.

Because there has been no revenue to distribute

ICCP 9 may help you understand what’s happening. #📰〕governance-news message

[quiet moth]

Ok thank you. I asked this on twitter yesterday and they wrote back this can you havea lool

sorry dont know how to post a screen

[gloomy gazelle]

Post in #🚨❗〕report-scammers and the image can be shared

I’ll read it there and repost it here if needed.

[quiet moth]

ok thank you

[misty karma]

What’s the argument behind needing to lock for 1 year from claimed date if this error has been going on since v2 has gone live and the fix was in the works for a long time? Seems like 1 year is a long time to stake for tokens we should have had already

[carmine agate]

yea it sucks

[gloomy gazelle]

Sounds like contract limitations.

[carmine agate]

read aaron response to my questions above

[spiral stump]

Then we should be compensated in some way

[gloomy gazelle]

From where would the compensation come from?

[analog hamlet]

Your pocket

[carmine agate]

[ember ginkgo]

https://tenor.com/view/angry-mob-riot-torches-pitchforks-gif-5859895

[spiral stump]

The revdis they stole from us maybe. Skins. Mint some bullshit “we fucked up illuvitars” idk man figure it out.

[ember ginkgo]

They stole revdis?

[gloomy gazelle]

https://tenor.com/view/spongebob-patrick-patrick-star-broke-poor-gif-14729256

[carmine agate]

the council did

[finite leaf]

Hey has anyone been able to claim vested ILV recently?

[spiral stump]

Decided to put it in their piggy bank cuz they’re a year late on their plan

[gloomy gazelle]

I might write up an IIP

[ember ginkgo]

I can't believe I missed out on $0 of revdis divided over my unclaimed tokens

[finite leaf]

I had two transitions fail back to back. Trying not to waste anymore gas

[spiral stump]

Might be 0 for you, not the case for everyone. It’s not really about the money. It’s the principle of the matter

[ember ginkgo]

$0 divided by me and others is still $0 tho

[finite leaf]

Any help would be greatly appreciated

[worn turtle]

You’re just trying to unstake? When it gives you a final number like 14.7385959 try 14.7 or 14.6 instead, sometimes it’s estimating the number too high

[misty karma]

Where at? Don’t see where you asked that

[ember ginkgo]

#🥩〕staking message

Probably this one

[finite leaf]

Thanks

[worn turtle]

That work?

[misty karma]

Huh? For me it shows you saying mods tested it first. If you linked to a comment asking about why there’s a year lock I’ll try again once I can get on a pc and see the link

[finite leaf]

Failed again unfortunately. Thats the error message

[ember ginkgo]

At the end he says something if you want sILV2 you need IIP

[burnt ether]

I have 0.021 ILV missing rewards. but its 18 usd to claim it right now.. that is just stupid
Conclusion is that who has few rewards will never claim it because its not worth the gas fee

[misty karma]

Yeah but I mean even without silv2 the lock shouldn’t be a year for rewards that should have came months ago. Since it’s a team error it should be more forgiving to the user and have a reduced lock compared to other rewards. V2 came out about a year ago didn’t it? So these tokens will have had a 2 year lock basically

[ember ginkgo]

Oh I agree, I don't think they should be locked. But it's just a few cents for me so I'm not gonna bother with it. Somebody else can do it

[misty karma]

I had a pretty big chunk in there but I wouldn’t sell even if unlocked. Just seems more fair to the community to have a short lock on tokens they’ve been owed for months. I’m not going to submit an iip was curious about the decision since it doesn’t seem fair to the staker

[dense geode]

I mean, vesting it, is probaly the easy way out and with the roadmap in mind, i dont think they wanna spent the additional time and risk delay on other key products

So, anyone who wants it unlocked should try and get a vote going about it being claimed in silv, i see it as a good middle ground option

[ember ginkgo]

Let's just hope it took this long cause they made sure it can't be exploited

[steady trellis]

61/175

[hot lynx]

agree v1 flashbacks

[hot lynx]

Yes made my claim 😂

[ember ginkgo]

Mark this date for me will you

[timber sequoia]

thanks for the one year lock ! and as usual absolutly nooooootthhiinngg in compensation, not even a small nft or a special emote. but can't wait for Iluvatar season 3.

[dense geode]

@last hawk any chance u could open me a support channel, ive got some questions about migrating the ''missing'' shit

[last hawk]

Go to https://illuvium.zendesk.com/hc/en-us/articles/7712579846287
or contact #❓❓〕support they will help you there.

[dense geode]

tyvm sir

[hot lynx]

This was also suggested for those of us that were handcuffed in the v1 sILV death spiral. Wen prices went from $500 to $50
Rugg skin was Kieran's suggestion

[ember ginkgo]

Or a Spartan Squizz Rug like Kieran has

[hot lynx]

Ye I am cool with the idea , like a war story badge 😎

[ember ginkgo]

Or some D1SKplate print like the beyond buyers got

[hot lynx]

🐦 if you doing a suggested in IIP could you ping there memory

[jolly rain]

Hello guys, does claiming missing rewards affect the other rewards claim later on ?

I claim rewards monthly, will I be able to keep doing so after claiming missing rewards,

[hallow sapphire]

Wheres mine ffs

[ember ginkgo]

Did you look under X?

[onyx flower]

so from this chart, wallets that staked from july 2022 to now are the ones with missing yield? a wallet with big holdings that liquidated prior to that date wouldn't be getting much, right?

[dense relic]

Ah yea, that's an underestimation too lol. It's hard not to be 100% against Illuvium honestly because of how things "happened coincidentally."

Definitely a badge, one that stabbed into ya pretty hard when it was earned

[granite spindle]

Any ideas on what % of a stake was missing?

[hazy token]

Is there a problem with data loading on the staking page atm? My RevDis Claimed and ILV Earned Daily are showing zero (incorrectly)

[carmine agate]

#🥩〕staking message

[misty karma]

Thanks

[carmine agate]

28.5% of total rewards

[gloomy gazelle]

I calculate closer to 22% of total rewards ( from the timeframe in question ) were missing when I run the numbers. But I obviously get things wrong often enough to not be certain

[carmine agate]

its ok

[hot lynx]

🐦 thx for always putting the effort in to try with answers its way better than silence

🐦

[carmine agate]

pinguin?

[gloomy gazelle]

https://tenor.com/view/raquita-gif-21337304

[gloomy gazelle]

Pidgeon

[jolly rain]

Any help ?

[gloomy gazelle]

You will still be able to claim the pending rewards.

[jolly rain]

Thank you

[gloomy gazelle]

My SLP has earned rewards and those rewards are the only ILV that one of my wallets has in the ILV only pool. My missing rewards are 24% of what my total rewards should have been. My vesting ILV are earning a little so the numbers are a going to be different for everyone.

[dense geode]

okay so for the ppl that have the same issue as me, my stake was migrated, because the initial wallet got compromised, u are able to move the ''missing'' claim, but u will have to use a clean wallet for every move u do sadly, so if we get 1 more correction next year, u will have to do the same thing.

[gloomy gazelle]

Thanks for sharing. It’s gotta be tough but you are taking back what’s yours.

[dense geode]

i mean its okay, im glad its possible atleast. the main problem is the sweeper bot on it, but after my wallet got fucked i have gotten help from the whitehats on flashbots, and kept close contact with the guy that helped me, so it will all be ok in the end.

[low locust]

off topic but just saw the announcement... a little annoyed that missing rewards are autostaked for a year when i would have been claiming them otherwise...

[magic plover]

why is there a deadline at the end of the year for claiming the missing stake? I'd rather pay gas fees once next year when we transition to v3, now I have to claim twice

[low locust]

i don't know why the deadline... it's all just a wee bit frustrating

[hot lynx]

Same thing happened to me my first v1 stake had a hacked wallet. Understand the feeling. I was racing on every unlock to the second to beat the hacker that also had access for 1 year

I set up a new discord wiped my pc clean as it had a virus and started everything over again with a hardware wallet , new everything

[dense geode]

Yep ive learned my lesson got a ledger and was rly lucky, all my stuff was in vesting and locked, so nothing big got stolen, just some shit i had in the actual wallet, they tried to claim ilv, but it went into vesting luckely

[hot lynx]

Aaron and Kieran new about it as it was very early ILV days. All good now

[hot lynx]

Every reward unlock was a race on the timing to unlock to send ETH to the hacked wallet then do the ILV staking claim and then get it all back out again to another addy

90% I beat them 10% they got me. I became very fast

Crazy stress days. Now all good long ago memories

[dense geode]

Ye i was lucky it was all v2 staked, so i could just move the entire thing in 1 go, it did have a sweeper bot on it tho, so ive had to use flashbots to get it all sorted, but ye all is safe and well now

[hot lynx]

Ye v1 for this issue for me

You can beat a sweeper if you use the same ETH Noice number on higher gas ⛽️

Need to have a few screens and be all set up

[dense geode]

ye, it must have been hell, and luckely the correction part right now that is on there, its not a very big amount at current prices, but i will regret it if we ever see ilv at 2k xD so im just gonna do it

[hot lynx]

Not easy and not fun wen it's your lost money for sure

past v1 memories now and I have anti virus on my pc and it's all clean.

It was a ILV phishing site set up like a game demo. All fake it loaded a virus into my pc. Rest is history. Those very early days it was not so clear.

very happy now

#🥩〕staking war stories

[dense geode]

ye, im not sure what happened to me tbh im pretty sure it was nothing with or on my pc, it happened after i used metamask on my phone for a while

So ye not sure, ledger solves it all luckely

[hot lynx]

Ledger solves zero if the hacker has your seed phase.
Some people think it locks all . You can be locking the front door to the house with and open side door

Past now great learning experience for sure

[eager lynx]

I am very annoyed too. What if someone want to claim sIlV2 because don’t want to lock for a year?

[gloomy gazelle]

$5 transaction on the weekend. But it’s a reasonable question. @worn turtle may be able to find out why eventually

[gloomy gazelle]

It was not added as an option due to dev work time constrains. I think it definitely makes sense to include in the missing claims contract for June/July 2024.

[eager lynx]

Whilst it makes sense to not add extra work if they have to change the contract then they could have allow for a claim without lock

[worn turtle]

I’ll see

[gloomy gazelle]

That’s probably either even more work or simply not possible. There are never ILV staking rewards being claimed/minted in the same moment

[hot lynx]

Make sure you beat the hacker on the vesting unlock 🔑 as they could withdraw the rewards. That was my issue.
If they have already tried a claim and it vested. They can come back and withdraw when it's unlocked.
Take care

[upper copper]

Is there any scenario where someone has 27.2 SLP staked during V1 and V2 and only gets 3 ILV from missing rewards? I had less than this amount and got over 50 ILV so not sure why my friend got so much less.

[dense geode]

Yes, its all good now, the entire stake has been moved, slp, ilv everything is on the safe wallet now

[dense geode]

has he migrated the stake at some point? if so then there might be rewards to be claimed on the old wallet

[upper copper]

No he never migrated.

[gloomy gazelle]

That could be the problem. Their deposits would not have been earning from march 30, 2022 until whenever they did migrate/upgrade.

Ah. Words.

So move wallet and migrate can mean different things.

[hot lynx]

@worn turtle worth the wait thx for chasing it up👍

[dense geode]

think its the same no?

im trying to ask if he ever moved the stake to a new wallet.

think its just called migrate in the contracts

[gloomy gazelle]

I understand that now. But when v2 staking went live everyone in v1 staking had to run a MIGRATION transaction to get their v1 deposits and rewards to be counted to earn.

[gloomy gazelle]

It’s called MOVE FUNDS

[dense geode]

Right okay sorry 😄

[dense geode]

Did he do that? did he run the migration transaction when we moved from v1 to v2?

[upper copper]

Crisis averted. He was looking in the wrong place! He got 57 ILV. I got him into this at $800 so always feel obligated to help him out. LOL.

[dense geode]

Right, pfew, ye many more with u 😄 lets ride it back to 1k

[red hill]

so... the obvious question... Discord is not hacked, message about missing ILV is real?

[candid kettle]

The announcement is true, just make sure to use the correct link to claim the missing tokens if there are any.

As always, DM is scam.

[brisk surge]

Any one else notice that their "ILV earned daily" value has increased a bit since this update?

[spiral shell]

Yeah, it went up with aprox. the margin I used to be short relative to the APR/APY that displayed on the staking tab..

[brisk surge]

cool thanks 👍

Question: I remember upgrading both the SLP and ILV pool to v2, however one of my SLP stakes still shows V1 next to it, and many of my ILV rewards have a V1 next to it, the others are V2. Does this mean the SLP and the ILV rewards with V1 next to it hasn't been earning? And do I have to unstake and restake it to earn? I don't see any option to upgrade it to V2

[gloomy gazelle]

You are fine

[brisk surge]

sorry for the double post, I posted in general before I realized I should post it here. Thanks again 🦢 👍

[surreal mesa]

Anyone know roughly how much the average APR should have been between today and launch of v2? Or some way to find it?

[gloomy gazelle]

Which pool? ILV or eth/ilv?

About an average of 30% reduction of rewards in the eth/ILV pool. So… maybe I can figure it out

[gloomy gazelle]

I’ve experienced right around 50% Apr in the ETH/ILV pool. But that’s not from the start of v2. It’s calculated starting a few months later.

[granite spindle]

Happy I picked up on this in April

[gloomy gazelle]

If someone has a wallet with only unwithdrawn deposits starting with v2 launch (March 30ish, 2022) then they can just look at USD values of their deposit total (d) and compare it with their total usd value of ILV claimed (c)+ pending rewards (p) + missing rewards (m).

(C+P+M)/D

[sharp orchid]

Ooohhh IIP 👀
CSC here if any assistance is required

[gloomy gazelle]

I usually just talk about writing IIPs. But maybe I’ll step up. I need more info first.

[sharp orchid]

Can always start it as a general #1020759212172775464 and then get a formal IIP written out of it to be posted here #1126838877429182506

[sturdy ember]

question: Does it make sense for me to claim this reward when i need i pay 5-6 dollers in fees? really sad i need to use money to get my reward because i havent invested that much that it make sense?

[gloomy gazelle]

It looks like a waste of eth to claim that

[sturdy ember]

and the gas fee is 10-13 dollers right now 😅

[candid kettle]

https://tenor.com/view/good-morning-do-it-gif-24435329

[sharp orchid]

at the previous ATH you would be ahead 😉
So its move spend now for gain later or let it go

[sturdy ember]

thats true 😂

[sharp orchid]

https://tenor.com/view/let-it-go-frozen-twirl-spin-channing-tatum-gif-10204125

The chat slowdown ruined my GIF 😆

[dreamy osprey]

@median canyon i think we should have a townhall or something bout this, I think it is quite important

[median canyon]

You can push for that if you want. Just speak to the council.

[dreamy osprey]

With what council I have to speak?

[median canyon]

Honestly not sure. Strategy most likely.

[dreamy osprey]

Okay, thank you Aaron

[gloomy gazelle]

<@&1107754780744487002> is summoned for a town hall regarding Missing Rewards

https://tenor.com/view/now-we-wait-branch-trolls-the-beat-goes-on-wait-it-out-gif-18088970

[inner cove]

hey there, i just claimed my missing rewards… but i don‘t see them amongst ‚vesting‘ - does it take a certain time that they get credited?

[gloomy gazelle]

The transaction would need to be fully processed on etherscan

[gloomy gazelle]

Started with https://discord.com/channels/760344898200666112/1146564200416694373

[inner cove]

ah now it is… took a few minutes… thx 🙏

[sharp orchid]

Hmmmmm perhaps best for it to be hosted by whichever council will be created the IIP

[cyan rampart]

CSC has no additional insight to provide on missing rewards, beyond what the team has shared. Looking over your proposal now though, happy to work on it.

[timber sequoia]

https://tenor.com/view/first-time-meme-first-time-the-ballad-of-buster-scruggs-gif-24656975

[gleaming yarrow]

How is this possible that i staked year ago and to come check now, i can't find my stake
Can someone help pls?

It's more than a year i think

If am to vest them to unstake but it says I don't have anything to vest

[candid kettle]

Check if your wallet is on the ETH network and if the address you are connected to is the same address as the wallet that made the stake.

[gleaming yarrow]

Yes it is the same, i checked well

[candid kettle]

Doesn't your stake appear in the dashboard tab?

[gleaming yarrow]

The vest dashboard is blank

I cant send pic, where can i?

[candid kettle]

Submit your case to support at #❓❓〕support so that they can guide you better.

[plain thorn]

has everyones ILV Earned Daily, gone up since the Missing Rewards update?

[gloomy gazelle]

It’s Not regarding my proposal guys. Just this guys message and Aaron’s response. #🥩〕staking message @sharp orchid thanks guys.

I’m not really sure what @dreamy osprey wants to talk about

[deep pecan]

my transaction errored but i can see the claimed ilv in vesting

[pliant whale]

Yeah, me too. Seems that ILV Earned Daily has gone up quiet a lot, 30-40%. Is this correct?

[plain thorn]

Yeah around 30%, I think it might depend on how much SLP you have staked?

[gloomy gazelle]

That’s weird. Maybe you did two transactions and the first one went through so the second one failed.

Someone did that recently

The contract for claiming missing rewards. https://etherscan.io/address/0x800e48366b3dc4d93114246d52b98adb48ad83cb

[pliant whale]

Awesome, got a nice little bonus (from missing rewards) and Daily Rewards have increase slightly 😎

[misty karma]

nice didn't notice the increase in daily rewards. ~43% increase

[magic plover]

Has Johnny/Aaron explained yet the reasoning behind the end of year deadline? Will the unclaimed ILV go back to Labs? @hexed solar

[plain hatch]

Was wondering the same im sure quite a few will go unclaimed

[storm whale]

Seems the missing rewards I claimed yesterday don't show in the "total ILV claimed"
Can see them under "vesting" though

[hazy token]

Just came to say the same thing. No change on Total ILV claimed

But the jump in rewards, noice

[storm whale]

haha yes very nice!

[glossy dirge]

hello guys! i have a question. So, is it possible to get my SLP and convert it to eth? how do i do it?

[storm whale]

If its unlocked under vesting you can take it out and go to sushiswap to get your ETH back
but take impermanent loss into account

[glossy dirge]

got cha! thank you!

[hot lynx]

[storm crescent]

hello Illuvium Fam' !

Do you know how much you get for a SLP token ?

Also, do you know how to sell the pair ?

[candid kettle]

Currently, 1 SLP is worth $586. To track the price, you can take the token's contract and use it in an explorer like zerion.io, for example. You don't sell the SLP token; you simply remove liquidity and receive the ETH/ILV tokens used to provide liquidity through this process.

#🥩〕staking message

[storm crescent]

Thanks a ton ! Have a nice one and take care !

[hot lynx]

[carmine agate]

@median canyon few more people have been asking about the 4 months deadline

[hot lynx]

why wait

[carmine agate]

why not

[hot lynx]

Longer unlock 🔑

[carmine agate]

i want sILV2

[ember ginkgo]

sILV2 would have been nice

[hot lynx]

I wait for DAO long term success

[gloomy gazelle]

Half price gas on the weekends?

[gloomy gazelle]

Reading between the lines and recognizing that the merkle tree is a snapshot of a wallets rewards upto a certain point in time makes me think that the work hours to do it all is rather intensive. But we do have until December to find out more before we’d miss out on a chance to claim as things stand.

[carmine agate]

we already have the number of claimable missing rewards

[dense geode]

managed to claim on 13 gwei this morning, was ok 3 dollars or something

is it just me, or did they change the font in dashboard

[gloomy gazelle]

There is that.

[hot lynx]

4 months he said

[golden smelt]

they definitely changed the font. also my total ilv claimed is definitely wrong still, but in the announcement i think some metrics are off

[surreal mesa]

Are there more missing rewards in June/July aside from the missing ones we're able to claim now? How can I find info on that?

[gloomy gazelle]

There will be.

?missingrewards

[worthy lark]

Claim Missing Rewards

We have identified a rewards weighting discrepancy between Staking V2 and Staking V1. To resolve this gap and claim missing rewards a manual action must take place. Missing ILV yield rewards are subject to a 12-month vesting period. While they are vesting they compound your rewards.

All rewards must be claimed by Sunday, December 31, 2023 11:59 PM UTC.

Follow these steps to claim your missing rewards:

• Navigate to https://staking.illuvium.io/rewards/missing
• Connect the wallet address with which you have staked on our platform.
• Once your wallet is successfully connected, you will see how many rewards you have accrued.
• Click on “Claim and Stake” and confirm the transaction with your wallet.

After the transaction is confirmed on the blockchain, you can check your claimed rewards in the Vesting tab (https://staking.illuvium.io/vesting)

More information & FAQ available here: https://illuvium.zendesk.com/hc/en-us/articles/7712579846287

[gloomy gazelle]

⤴️

[surreal mesa]

I thought they fixed it going forward though? Why would there be another one in June/July of 2024 if it's fixed?

[gloomy gazelle]

I remember reading about that in the zendesk article.

[gloomy gazelle]

Actually... It was in the #📣〕announcements message

So the fix to the contract apparently will not cover all possible discrepancies all of the time.

[surreal mesa]

Ahh yes ok, I see I missed that part. Thanks!

[rapid remnant]

why does the v2 staking pool only show that the address holds 57,939 SLP tokens?

https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda?a=0xe98477bdc16126bb0877c6e3882e3edd72571cc2

and then the dashboard page shows 82k SLP tokens worth is staked in ILV/ETH, this seems like a big difference

there's only $32.7m worth of SLP tokens in the v2 staking contract address, but the dashboard page shows $46.6m

[gloomy gazelle]

There’s two eth/ILV pools. The original v1 pool and the new v2 pool

[rapid remnant]

but one doesn't get rewards right? because it's v1?

[gloomy gazelle]

It does. https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda?a=0x8b4d8443a0229349a9892d4f7cbe89ef5f843f72

V2 contracts count the v1 deposits.

[rapid remnant]

i thought if people didn't migrate from v1 to v2 they got no rewards

[gloomy gazelle]

The migration transaction did not transfer the deposits that were locked in v1.

[rapid remnant]

oh okay

can the team share how calculations were done? I have reviewed the merkle tree but still somehow it seems like I got a bit less rewards than i should have, i might be wrong but i would like to understand the calculation process

[gloomy gazelle]

I’m not sure. @worn turtle may be able to ask about specifics.

[worn turtle]

I’ll see what I can get

[gloomy gazelle]

I do know that the rewards are always variable based on how much is staked during each block and what weight your tokens have compared to the other tokens in the contract.

[gloomy gazelle]

If you were expecting to have earned at the APR that was stated when you made you deposit then that is not really accurate.

[candid maple]

Anyone knows why would we use oder book? There is no record about the last strategy Town Hall, I want to know what did Aaron say!

[gloomy gazelle]

To save liquidity and development time. And because it’s possible to do on the layer 2 we will use and a multi asset liquidity pool is probably not.

[candid maple]

Thanks pelican, What does that mean"to save liquidity"....

[gloomy gazelle]

An automated market maker pool like on uniswap, balancer, and sushiswap requires there to be significant value locked inside the pool. That’s the liquidity.

An order book does not work in the same way and requires less liquidity

Have you read Aaron’s proposal?

[candid maple]

Ohhh, understood! Someone sell some buy, they can match fine without sllipage.

Nope, where is the proposal!

[gloomy gazelle]

Yeah. Players buying and players selling can choose their price point and wait for someone to match.

#1138461435995901995 message

[rancid laurel]

wtf happens?

[gloomy gazelle]

Previously or in the future?

[rancid laurel]

about the missing rewards on the stake

[candid maple]

Thanks~~~

[gloomy gazelle]

Calculation errors.

[rancid laurel]

so they give it now?

[gloomy gazelle]

Yeah.

?missingrewards

[worthy lark]

Claim Missing Rewards

We have identified a rewards weighting discrepancy between Staking V2 and Staking V1. To resolve this gap and claim missing rewards a manual action must take place. Missing ILV yield rewards are subject to a 12-month vesting period. While they are vesting they compound your rewards.

All rewards must be claimed by Sunday, December 31, 2023 11:59 PM UTC.

Follow these steps to claim your missing rewards:

• Navigate to https://staking.illuvium.io/rewards/missing
• Connect the wallet address with which you have staked on our platform.
• Once your wallet is successfully connected, you will see how many rewards you have accrued.
• Click on “Claim and Stake” and confirm the transaction with your wallet.

After the transaction is confirmed on the blockchain, you can check your claimed rewards in the Vesting tab (https://staking.illuvium.io/vesting)

More information & FAQ available here: https://illuvium.zendesk.com/hc/en-us/articles/7712579846287

[gloomy gazelle]

The zendesk article is pretty helpful

[rancid laurel]

ty

[gloomy gazelle]

Low gas. Week day!

[carmine agate]

i guess the team is not giving us more info?

[ember ginkgo]

About?

[carmine agate]

if we can extend the 4 month deadline

[hot lynx]

[sage scroll]

Hey Guys why on Ilv pool it shows 0 apr?

[ember ginkgo]

https://tenor.com/view/christiangravias-cgravs-collings-collingsnft-crypto-gif-24893684

[gloomy gazelle]

When I was on last night it did not say that. It’s some sort of display error

[tough tree]

Something is wrong because I am trying to Stake some ILV and its coming up with an error

[gloomy gazelle]

@crimson cipher website is displaying incorrectly.

And refusing interaction

[gloomy gazelle]

The error may or may not be related. You could contact #❓❓〕support for specific help

[crimson cipher]

Yes please create a support ticket

[quaint nymph]

hi fam i claimed the missing rewards 🙂

[vivid cove]

Will be alot of people that it is not worth to claim. What is happening with all those ilv?

[gloomy gazelle]

The same as what happens to the ILV that no one ever claims from their PENDING REWARDS. It’s never earning and it’s never vesting and it’s never minted.

[gloomy gazelle]

I grabbed mine last night when gwei was like 10-12

[rain briar]

What's the current reward (ballpark) for ILV staking? The website is saying 0% but I realise there's a current issue (Pelican said above). Have 50 missing ILV claimed ready to stake!

Oh actually, they're vesting, but I also just collected a bunch of vested rewards that were unlocked

I am migrating to a different wallet so had to claim them and restake. Still getting my head around it!

[gloomy gazelle]

Yeah. I’ve got like one last little bit of vesting rewards in my original hot wallet. Withdraw those in like 30 days and claim my last little bit of sILV2 to close that wallet out of illuvium staking. Except for a tiny bit of revdis that may just sit for a long time. Something like 0.04 ILV.

My hardware staked wallet is a different story. V2 only. Very nice.

[rain briar]

Yeah it's a bit of a process moving to a new wallet! Same here, got a hardware wallet after staking on a hot wallet. Tiny little vests slowly unlocking. If I claim rewards it starts the 365 best. I don't think it will ever be possible to get the original wallet to 0$ 🤔

[gloomy gazelle]

sILV2 claims don’t vest. They go straight to wallet. But yeah ILV claims definitely are like that.

[rain briar]

Smart!

[hot lynx]

Me 2 on V2

[carmine agate]

is there a way to move the missing rewards to a new wallet?

[dense geode]

Ye u can move them once claimed and vested

It has to be a fresh wallet tho, so no stake can be on it already

[carmine agate]

u know how?

[worn turtle]

There is an easy button now

[vivid cove]

How many tokens do you think will never be minted?

[carmine agate]

on the website?

[dense geode]

When u go to your dashboard, u will see a button move wallet, or change wallet

[storm crescent]

hey Illuvium Fam' !

When you withdraw liquidity from the SL Pool, how come when you undo your pair, you receive far less ETH than what you originally put ? Thanks heaps

basically they give you back more ilv and less eth...

[shell vortex]

just got this error when trying to claim rewards... anything not working atm or was it on my end?

[dusk kestrel]

I had this and I tried again and it just worked

[shell vortex]

yeah i just thought i might ask before trying again just in case to not pay fees over and over again ^^

[last hawk]

Yes try again and it should work. I reported it to the team and they looking into it.

But I would send a report to support too so they can collect these errors

[shell vortex]

ok closed the browser first just to make sure, tried again and it worked 👍

[steady trellis]

79064.36598478543 MIssing ILV claimed

@carmine agate I know you're interested

[primal igloo]

?
Thats Jags ILV 🐳

[gloomy gazelle]

That is how liquidity providing to AMMs has always worked. You just experienced what is called impermanent loss. There’s several pinned messages that help explain it. This article may be helpful. #🥩〕staking message

[storm crescent]

thanks, mate ! Yeah I figured it out how it works. thanks though !

[steady trellis]

Dune added my contract submission, I can differentiate now clearly stake/claim of the missing ILV

79k is the total

Wish for jag it would be his own ILV though

[gloomy gazelle]

For that reason? Probably not that much. Maybe 5000. I don’t know. Much more is not being minted as ILV because it’s minted as sILV2 instead.

[carmine agate]

please dnt dox my bag ser

[steady trellis]

Sir, gimmee 20% cut and I delete my account here and request deletion of all my messages, even my twitter profile

[carmine agate]

sure. just need to wait 12 months

[steady trellis]

Damn, that's savage

[dense geode]

[surreal mesa]

Any way to know the average weight of the ILV and ILV/ETH pool? Like across all stakes.

[gloomy gazelle]

I think there must be. But I’ve not been able to figure out how. I’ve thought it was something with the revdis contract. But can’t find anything in the contract READ options.

[knotty heron]

Shouldve kept all the missing rewards and burned it kek

[worn turtle]

I think someone mentioned something like this hahah @worn palm maybe

[worn palm]

Nah not me

[worn turtle]

Hmm

Ah it was @pale trellis

I think

[lost trench]

There's a pinned message that says to withdraw SLP I go to Sushiswap. However, there's also a withdraw button on the Illuvium Staking Vesting page, can that now be used instead or do we still go to Sushiswap?

[worn turtle]

Different things, you need to withdraw from staking in order to split your LP on sushi

[lost trench]

Ahhh...right of course. Thanks Rich.

[dense geode]

debating to unstake my slp, and get some juicy ilv instead, lock it for 1 year ofc planning to hold it into infinity but would be nice to have it staking at 2.0 weight, but also have it liquid in 1 year just incase we see moonshot.
anyone can spit some knowledge? @carmine agate

The current slp yield is kinda meh, if illuvium does a 2x before slp pool ends, then unstaking now will outperform the slp yields.

[hot lynx]

[dense geode]

Anyone has a exact date when slp pool ends?

[cunning perch]

Yield ends early July 2024

[dense geode]

thank you

[carmine agate]

my strategy is to buy spot dips, short the pvp and launch pump.
that way i dont have to sell spot while i still can earn revdis

[dense geode]

u dont have a slp stake running?

[carmine agate]

last week i bought spot at $42ish and short at $44, missed $46.5 entry by a few cents because MM was a psycho. Works great

[dense geode]

Hmm, how would that work for revdis? u have nothing at weight 2 staked?

[carmine agate]

i still have some unlocking in november, gonna sell it for ILV

[carmine agate]

im 12 months stake, idc about price dump now that i have the short hedge

[dense geode]

right, okay makes sense

Ye think im going from slp to full ilv, and lock it for 1 year, already got like half of my total ilv liquid pretty soon.

it will be unlocked in vesting, i will let it run, but i want to be able to take it out and sell if we have a moonshot at some point

[carmine agate]

yea SLP is not appealing, 35% apr or 22% real apr

with wave2, claiming silv2 is better tho

90% ratio

vs 63% if claiming in ILV

[dense geode]

Ye, if we swap now, we get 6.7 ilv per slp. basicly we can buy about 13 ilv per 1 slp.
If ilv goes double, the ilv per slp will be half right? (if eth stays the same) wich i think it will do before eth goes double.

[carmine agate]

yea doesnt make sense to hold SLP for me. and i see the number of staked SLP is on a steady decline

[hot lynx]

[dense geode]

Ye, im trying to calculate the yield vs potential impermanent loss if ilv goes double

not sure how likely it is ilv will go 2x before july 2024 😄

But i see it more likely then eth, wich means we will be taking losses on the ilv side.

Okay, from what i can see 1 slp will yield around 0.014 ilv per day. from now to july 2024 is 10 months, so 0.014x300(days) =4.2 ilv

not taking in calculation that the slp pool is depleting and yields might go up. At the price of risking having your yield in claim and vesting at the time we pump.

[hot lynx]

[dense geode]

But can always just swap slp, so u will be kinda liquid regardless, i think keeping slp going might be the play.

[hot lynx]

we can find out in July 2024

[dense geode]

Yep for sure, but it wont hurt doing some logic

[hot lynx]

In close to 12mths if anyone knows what's going to happen in Crypto. They probably have made it already

[dense geode]

still i think its smart to go over some scenario's so u have your plan ready what if we hit 1.8k and u have everything locked up and in vesting, oof

[hot lynx]

2.0 RevDis is my plan and all unlocked

[dense geode]

Yep eventually that goal is the same for me, but selling some in a massive pump i will do aswell.

[hot lynx]

Need to take profits 📈

From #🥩〕staking the #💰〕token this time no handcuffs wen it's ATH

[dense geode]

exactly 😄

[tough tree]

Ive have been trying to stake for the last couple of nights is anyone else having this issue

[gloomy gazelle]

You need to use your wallet to clear you ILV spend limit. And then set a new one.

[tough tree]

Thankyou Ill investigate this and try and work it out.

[fierce totem]

I have a question about staking rewards. Is the sILV2 able to sold at this time to the general public, or is this a future plan?

FYI - I did my first 30-day test stake of .60SLP and received a return award of .068 ILV (14.33% minus .01 SLP in transaction fees)

[carmine agate]

there is a pool of silv2 on uniswap

[fierce totem]

Yes, That is how I staked my original test investment. I have my rewards that I can redeem in either sILV2 immediate or 12-month ILV claim
I want to know if the sILV2 will be sellable now or in the future?

[gloomy gazelle]

What jaganite said is that it is possible for sILV2 holders to “sell” sILV2 using uniswap.

That sILV2 pool on uniswap is not official and it’s not always guaranteed to exist. Also be sure to check how deep the liquidity is and how much the price can swing with big buys and sells

[fierce totem]

What do you mean by " how deep the liquidity is" ?

[gloomy gazelle]

Here’s a response from chat gpt.

Deep liquidity in an automated market maker (AMM) pool means that there is a substantial amount of assets available for trading within that pool. In the context of decentralized finance (DeFi) and cryptocurrency, this typically refers to having a significant supply of both tokens in a trading pair.

Having deep liquidity is important because it helps minimize price slippage when users swap one token for another within the pool. In other words, large trades can be executed without significantly impacting the price. It also makes the market more efficient and attractive for traders because they can trade larger volumes without substantial price fluctuations.

In summary, deep liquidity in an AMM pool signifies a well-capitalized and liquid market, which is crucial for efficient and effective trading in decentralized exchanges and DeFi platforms.

[broken oriole]

Question… why did ILV staking go to 0% APR? Or am I missing something…

Just bought some ILV, but a little scared to stake now… in case Illuvium is having any problems.

[lusty pecan]

Most likely just a front end problem

[broken oriole]

From the messages above, looks like others have had this issue too.

0% APR is fine… IF that means game is launching soon and REVDIS is on the way… I.e., no more APR because REVDIS inbound….. wishful thinking here, 😂

[cyan rampart]

It's not 0% APR, it's a display issue. The team indicates that some of the analytics on the staking dashboard were impacted by the update addressing missing rewards, you can read here: #📣〕announcements message

[quiet hatch]

Hey I just claimed my missing rewards, but I can't see them in vesting?

[dense geode]

Try refreshing

[quiet hatch]

Went AFK for a while, logged back into metamask, and it has appeared now 🙂

[clever jolt]

Which pool is eligible for Revenu Distribution ? ILV or ILV/ETH or both ?

[cyan rampart]

Both pools are eligible, but only ILV receives revdis. This means that the ETH component of an ILV/ETH deposit is not eligible.

[clever jolt]

Ok thanks !

[cunning perch]

Watch out for scams is the first real lesson 🙂 but ask your questions in relevant channels and we'll help you if we can

[hot lynx]

#💰〕token message

Gave tip on channels #💬〕general

[cinder escarp]

idk if this has already been mentioned but when claiming the lost rewards from the announcement, it doesnt add up with the total ilv staked in the dashboard

[gloomy gazelle]

You can always report anything that’s inaccurate to #❓❓〕support

But the announcement does mention that dashboard needs ui update to match the changes

[cinder escarp]

it was a lot more then i expected so a nice announcement

[turbid relic]

If I’ve deposited tokens in the ILV staking contract and they’ve done the whole year and can be withdrawn, do they continue to receive rewards or do I need to withdraw and re-stake?

[dense geode]

As long as they are in vesting, they will generate rewards, so u dont have to restake them just let them run.

[gloomy gazelle]

Fubar is correct. You can leave them staked and earning.

[turbid relic]

thanks

[hot lynx]

The knowing

[hot lynx]

Do we know the numbers for #🥩〕staking
How much is on 2.0 weight
How much is off lock

[bright heart]

I think there are dashboards on dune that have this. Search them on the site. Not sure which are the latest.

[ivory wharf]

Wow havent checked in for a while, and jjust claimed an extra 11 ILV from the messed up staking rewards... Nice

[steady bridge]

Good to see you! Hope you’re well, brother!! ❤️

[gleaming brook]

Haha I claimed 20+. Thank you Team for the transparency

[ivory wharf]

Doin well brother! Been taking a break from crypto a while. Great to see you too man!

[hot lynx]

[hot lynx]

@gloomy gazelle do you know

[gloomy gazelle]

Not really. This has some info. #🥩〕staking message

@steady trellis may have gotten a dune page for some of that info as well. But I’ve not seen his stuff recently

[hot lynx]

Understand just ideas
Also the people staking don't show up in the top holders on Ethscan as its staked.
No idea why people have 100 to 1000 ILV unstaked seems crazy

[steady trellis]

Almost all staked ILV have a weight of 2 now, with the missing reward correction the daily we get is back to accurate with what I calculate

[steady trellis]

For the status of ILV unlocked/locked and all that, it's there

With a better scale to help you read if needed

[gloomy gazelle]

That’s a fat bit of liquid ILV.

Are the ILV in SLP included in that?

[steady trellis]

Yeah, but it's not using the ratio at the time (I would have to maintain that manually everyday), just using the curent SLP ratio

Also, I assume every stake is for a year, it would be insane to get this chart using staking duration

[gloomy gazelle]

Do you even know of a way to use dune to see initial lock duration?

[steady trellis]

SELECT * FROM illuvium_v2_ethereum.ILVPool_evt_LogStake

You've a "lockUntil"

But with all the different contract and version, going to be a pain to do and calculate

There is also no real way to have clear view on stake, claim and unstake order, there is an ID normally to do that, but it doesn't make sense when i digged the data, at the time I asked Pedro but he never came back to me, so for the little impact of weight and lock duration on the big picture I gave up. What's the point calculating the toal weight if it's around 1.95 anyway .... I just do nothing and use 2 ahahahah

I was checking my deviation in reward to double check and habve an approx weight average, it was good enough, now I don't care, I use global weight of 2

[gloomy gazelle]

Yeah makes sense.

[hoary yacht]

I only had 0.009 ilv missing rewards to be claimed. Is that correct ? I am staking for over 2 years now , and such a little amount

[hot lynx]

Great work mate 👍 awesome

[hot lynx]

Another question can you see the top 200 staked holders ? and how many

[hot lynx]

Good drop 🐦

[quick pendant]

From what I understood most of the missing rewards came from slp staking. So if ur staked in the ilv only pool that's probably the reason

[steady trellis]

I don’t pay attention to that, you’ll need to use dune and can get something pretty clean I suppose

[gloomy gazelle]

Yeah. Xastor’s pinned dune page that I shared earlier has that

[hot lynx]

Cool thx

[rapid kestrel]

I cant find the option to claim in silv2

[ember ginkgo]

You mean for the missing reward? There isn't

[rapid kestrel]

Oh is there any reason given why?

Also the gas fee is deducted from our own wallet when claiming?

[ember ginkgo]

Don't think there was but maybe I missed it.
Yes, when claiming rewards you have to pay for gas yourself. Only 9 GWEI now so might be a good time to do it

[rapid kestrel]

Thanks for the info. What a failure again. 9 Gwei is nice i will claim now, still an additional cost zzz

[hot lynx]

[spiral shell]

Isn't it also always when you claim your rewards?

[clever jolt]

Is there a magic trick to remove liquidity from the v2 pool on Sushiswap ?

The SLP...I can see what i will get but the transaction seems like it not going thru

[gloomy gazelle]

#🥩〕staking message

[gloomy gazelle]

It’s possibly just still pending and waiting for the blockchain confirmation. It’s also possible that you only did the approval transaction. If things still don’t really make sense let us know. You can always contact #❓❓〕support

No one legitimate will contact you in direct messages on discord

[clever jolt]

Thanks...Will try it on the computer when family sleeps. I was trying from my phone.

[gloomy gazelle]

Ah. Mobile gets wonky pretty easily

[grand stump]

apr?

[gloomy gazelle]

Have you checked the website?

It’s possible that the ILV only pool page is still experiencing a UI error and showing 0% APR. It’s actually more like 3-5%

I have not checked it recently

[clever jolt]

It worked on computer. Thanks Restaked.
See you in 12 months...

[dense geode]

Slp pool is slowly losing money, we lost like 400k in 24 hours pretty good

[hot lynx]

[desert radish]

What do you mean? People selling their SLP?

[magic plover]

I think he means people are unstaking and withdrawing their SLP into ILV + WETH

[desert radish]

Where can I see how much weth+ilv we get if we unstake?

[gloomy gazelle]

I use Zerion. You can just I put your wallet address and it is smart enough to gather information for most staking protocols.

[gloomy gazelle]

UI for APR/APY is back online

[hot lynx]

Will that tell you how much $ you put in and the total result now inc staking rewards. Asking for a friend as he thinks his lost more money investing with SLP than I think he has

[gloomy gazelle]

Not really. You’d have to check the actual transaction info. Zerion does keep track of those though.

[regal marten]

Debank has a time machine feature that does exactly that. It was a lifesaver for me doing taxes… 🙂

[gloomy gazelle]

Oh that’s true. Crypto tax apps are good at that stuff. Koinly handles that for me. You don’t need to pay to be able to track it. You pay for the tax forms.

[hot lynx]

Thanks guys @gloomy gazelle @regal marten 🐦

[potent sable]

Unlock seed in 2025? I thought seed was unlocked

I'd love to analyse this sort of stuff further if u wanted to shoot me all the etherscans of the relevant wallets?

[potent sable]

I find it hard to believe 4m ILV is liquid since u separated out the Treasury, even if it includes the Game Yield pool. I dont distrust this data but I'd love to double check for myself 🙂

[steady trellis]

Few unlock daily for the team
Framework for the big 333k

[steady trellis]

Dune analytics is your friend then, I opened most of the illuvium contracts there, why would you use etherscan for ? Anyway you can just head there.

[carmine agate]

liquid means vested right?

[steady trellis]

« Réal liquid » means « anywhere that can hit the market any time ». Ilv in cex, dex, sex, and all exes, also wallets, staked but free to unstake. I just put treasury and rewards aside, they are liquid also but I can understand people get itchy if I say that too loudly

[carmine agate]

ah nice. circulating

[potent sable]

I get frustrated when dune doesn't have 'everything'

[hot lynx]

3.3 M staked and up for RevDis Rn

[steady trellis]

Well… if you want to look by yourself, there isn’t a lot of options… get your hands dirty !!

[potent sable]

Hahah you've done all the work 🤣🤣 was just hoping u could save me some time lol

[steady trellis]

Retro engineer my dune query, it’ll save you time

[potent sable]

Ohhhh can u send me a link plzzzz

[hot lynx]

So much helping

[obtuse berry]

Do I need to upgrade my staked (locked) ILV to V2? If so I don’t see how? The “upgrade ILV pool” button is not available for me.
Thank you for the help!

[gloomy gazelle]

Look at the VESTING tab. You have probably already done it. Anything in vesting will say either v1 or it will have nothing next to it, either way it’s good to go. But if it’s in the VESTING tab it’s ready to go.

There’s some images in here that may help you be certain https://illuvium.io/news/42-all-you-need-to-know-about-staking-v2

[obtuse berry]

Gotcha. So as long as it’s in Vesting section it’s Good to go?

[gloomy gazelle]

That’s my understanding. You could check on etherscan and look for a MIGRATION transaction. At least I think that’s what it’s called.

#❓❓〕support could help track your transaction history

I could too. would just need your public wallet address. But it’s nice to have some privacy

[obtuse berry]

Got it, much thanks!

[gloomy gazelle]

Wait… it’s the RED v1 indicator that is a problem. Any v1 that’s white has been upgraded

[obtuse berry]

Mine shows neither

[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]

Remember… no one legitimate will send you a friend request or a DM to help with this

[obtuse berry]

Thank you! Learned that lesson hard way last year

[tender venture]

How long til it’s distributed?

When we hit $3m?

[gloomy gazelle]

Just to be clear… He meant that there’s 3.3m ILV staked and eligible to receive revdis.

There’s not $3.3m ready to be distributed. Revdis will be distributed after the safety pool is filled up and once the revdis limits are reached.

[tender venture]

Is this the safety pool?^^

[gloomy gazelle]

No

That’s the yield farming rewards.

[tender venture]

Oh that’s right, there’s yield farming AND revdis

[gloomy gazelle]

Here’s the safety pool #💰〕token message

[tender venture]

So is epoch a timeframe then?

[gloomy gazelle]

Yeah. Yield farming epochs are two weeks long. A fortnight.

Notice the chart starts the bars at like 10. So we are around 68 on this chart since we are 58 epochs into YF

[tender venture]

And how much does safety pool need to be to be distributed?

[gloomy gazelle]

$5m to be full. Then revenue beyond that will be distributed as revdis.

[tender venture]

So we have a while til it’s full, does team pull from this too?

[gloomy gazelle]

And the safety will be distributed as revdis once the project is creating sustainable revenue and there’s no potential need to extend the runway.

Safety pool is for the team to use in an emergency. If runway runs out.

But the plan and expectation is to not use it.

[tender venture]

Okay so they can keep pulling from this forever potentially? Because I believe they’ve pulled from this before. Also changing the revenue from illuvitars to also go straight to project correct? Or was this distributed to stakers?

[gloomy gazelle]

The team has not taken anything from the safety pool. It can’t unless authorized by the DAO.

Illuvitar revenue goes into the safety pool. As a backstop. Incase the team ends up using the $16,000,000+ it still has as runway

[tender venture]

How many months is that?

[gloomy gazelle]

The safety pool belongs to the DAO. It will be distributed at revdis when the DAO determines that the team will not need it.

Here’s the most recent financial update

[gloomy gazelle]

At $1.3m/monthly that is 12 months of runway. Before the safety pool would even be up for consideration to be touched.

We will probably get another update like this after this quarter closes.

[hot lynx]

Wow impressive numbers you have staked congratulations 🎊

[gloomy gazelle]

That’s the image from the article.

[hot lynx]

Wonder who's addy that is

[gloomy gazelle]

It’s probably on testnet.

[hot lynx]

That would be a top 150 holder if it's not test net

[spiral shell]

@gloomy gazelle I got a friend's request from "pe1ican22
#6352" Is that you?

Or am I dealing with a fraud?

[last hawk]

Guess it's a scammer. Please post a screenshot and the discord id in #🚨❗〕report-scammers

[spiral shell]

Will do

[wooden haven]

When I try to stake my ILV I get an error UNPREDICTABLE GAS LIMIT. I use Ledger but also have some Metamask wallet connected. But, I deleted everything from connected sites
[10:09]
Anybody can help?
[10:09]
Transfer amount exceeds limit it says

[olive jetty]

Just wanna ask why is there an error in withdrawing my vested ILV? I am using hardwallet. Fails everytime.

[fleet island]

What’s the current apy ? Am not at home pls

[gloomy gazelle]

You should contact #❓❓〕support

[olive jetty]

Thanks

[gloomy gazelle]

You need to increase the limit.

[olive jetty]

Also, I cannot claim missing rewards. Will submit ticket to support.

[gloomy gazelle]

Weird. You could try clearing your browser cache. 🤷

[olive jetty]

OK. Thanks

[wooden haven]

Thank you, but how. It won't ask me for a new limit. I think I need to reset somewhere first

[gloomy gazelle]

Yeah probably

[wooden haven]

Hm, that sounds very complex. Maybe I will wait for an update. It worked before. Thank you though.

[gloomy gazelle]

Please contact #❓❓〕support so the team knows there might be something to update. Or #❓❓〕support can walk you through this

[golden quiver]

hi, my staking in the V1 ILV/ETH pool is withdrawable after 1 year. If I don't withdraw and keep it staked, will I still receive yield?

[cyan rampart]

Yeah, it will continue to be generate yield.

[golden quiver]

Thank you!

[stoic ridge]

is there an easy way to calc how much 1 SLP is worth? (in usd, eth, or ILV?)

[craggy field]

Check out Zerion. Google -> Zerion SLP ILV and it should show up as the first hit.

[stoic ridge]

cool, didnt know that, ty

[stoic ridge]

do u happen to know when in 2022 i think it was, when all the ILV staking contracts were renewed and people were able to roll over/stake for another year? i think there was a bump in total staked/claimed ILV rewards

a lot of people relocked for another year, i think it was somewhere in march-june?

[craggy field]

March 24th should ve the start of V2, And the claiming happened after that time. Most shouldve claimed within the week if they were active.

[stoic ridge]

ah great good to know

appreciate the mods always being helpful here, everytime i have had a question always gotten good/knowledgable answers

what is v3 staking, what changes, and is there a timeline for that? @craggy field

[craggy field]

Honestly, i dont know too much about V3 staking! The team has hinted towards going to Immutable based staking at some point, however, im not sure whether that is in v3 already.

My own guess is that it will probably have resolved some issues regarding APR not showing up unless you clear cache and other bugs.
We'll have to wait a (little?) while for more concrete details to be shared.

[gloomy gazelle]

V3 staking is intended to be on a layer 2 network (possibly imx). It would launch sometime after the start of July 2024 because that is when yield farming ends.

[craggy field]

ah great to have others verify some stuff that I wasn't sure of! ❤️

[stoic ridge]

if ppl do a 12m lock now for extra APR, what rewards do they get from july-sept 2024? (or they dont?)

[gloomy gazelle]

Revdis would still need to be given to any deposits still in v1 and v2.

[hot lynx]

Will we need to move off v2 to v3 for any reasons ?
I would not want to loose my unlocked position

[carmine agate]

nice upgrade, just in time for the bull

[gloomy gazelle]

We will know closer to the time it’ll happen. V2 had months of time to discuss and figure out how it worked before it was launched.

[hot lynx]

With 12 months locks I might pause top ups when it's less than 12 months away

[gloomy gazelle]

V3 should not reduce any v2 or v1 functionality.

[dense geode]

we know any details yet? about v3

[gloomy gazelle]

No details. Just that it will be on layer 2.

That’s the primary reason to make v3 staking contracts

So new stakers can avoid paying mainnet gas fees

[hot lynx]

So no need to move off v2 ok thx

[main bramble]

Hey I'm new here and looking to buy some ilv.
As for staking, 2 ways to stake. I can just stake ilv for a certain period of time and I can pool with eth. Whats the pool % for each coin?

[gloomy gazelle]

lp ⤵️

[worthy lark]

SLP Pool

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

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

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

[gloomy gazelle]

Eth/ILV pool get 4 for every 1 that goes to the ILV only pool. But the rewards are variable.

[main bramble]

Yes LP.

[gloomy gazelle]

I looked at the APR earlier this week. This is what it’s at right now.

The longer the lockup the higher the rate. Up to 1yr.

[main bramble]

Ah ok 50/50. Doing 50/50 lp, what would be the impermanent loss?

[gloomy gazelle]

Depends on how much the prices of the two tokens diverge.

[main bramble]

Well I guess that would be harder to figure out.
As for just staking ILV, would be safer.

[gloomy gazelle]

This article would be helpful. #🥩〕staking message

This too #🥩〕staking message

This video is basically a tutorial on the process. https://www.youtube.com/watch?v=_n-XDMkxYLM

[gloomy gazelle]

It’s important to note that Yield farming rewards end in June 2024. After that there will be only revenue distributions. (Unless the DAO votes to change things)

[gloomy gazelle]

Also… make sure that you don’t trust anyone that sends you a DM or friend request offering help or support. They’ll all be scammers.

[main bramble]

@gloomy gazelle thanks ill take a look at the video.

[nova sun]

So whats the ILV needed to never work again?

[gloomy gazelle]

Depends on where you’ll be living. And how much revenue the illuvium makes.

[nova sun]

Whats a good estimate do you believe? NFA of course

[gloomy gazelle]

It’s not possible until there’s sustained revenue.

So… the team is using like $1.3m each month at the moment. Seems reasonable to estimate that they’d need like $2m each month in the ongoing future. So with the DAO having 1.1m ILV eligible to receive revdis and that 1.1m being at best possible estimate 20% of the revdis eligible ILV then the total monthly revenue needs to be like $9m. If there was only 5m ILV eligible to receive revdis and the monthly revenue were $9m then the DAO would have $2m to spend each month and each ILV you had staked would earn $1.80 each month. Assuming you need $5000 a month to never work again then you would need like 2777 ILV staked and constantly receiving revdis that you sell each month for $5000.

This is an example using low end hypothetical revenue numbers and a very favorable staking situation. It could easily need to be twice as much. Or half as much.

[cedar flame]

I've been investing with the expectation of $1/month, but with this delay, I'm afraid that's going to be very difficult to achieve.
If the crash is the cause, this is an ongoing problem from PB1 that has not yet been resolved.
They have limited funds, and will probably need to raise another round of funding before the game is released, which will be quite difficult at the current ILV prices.
If they choose to sell the ILV, it will further depreciate the ILV and the revenue they will get from the Revdis in the future.
There is a faint hope of halving the BTC
Also, someone mentioned that Warwick has a great brother. hahaha🤣
Is there a specific use for the 300,000 ILV that Kieran put into the DAO?

[timid birch]

What's the requirements to be eligible in RevDis?

[cunning perch]

Whatever ILV you have staked more than a month will be eligible, unless withdrawn.

[timid birch]

Thanks

[main bramble]

When you stake, you can choose up to 12 months. But to withdrawl, it takes 12 months to vest? So your ILV token is locked for 2 yrs?

[dense geode]

The ones u use for your initial stake, will be locked for 12 months
everyhing u yield will be in vesting for 12 months after u claim it

[cyan rampart]

When you stake, you're depositing ILV for a lock period. At the end of that lock period (ex. 12 months), your initial deposit becomes unlocked, and you can withdraw it.

While you have a staking deposit, you generate staking rewards. They accumulate over time, until you claim them. If you claim your rewards as ILV, that starts a 12 month vesting period for those rewards.

[hot lynx]

[main bramble]

@cyan rampart that's interesting . So u can withdrawl your initial staked deposit of ILV after ex 12 months. But to claim your rewards, it takes 12 months to claim the rewards? Why is the vesting set up so long?

[ember ginkgo]

?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.

[cyan rampart]

Yeah you have the right idea. After you claim rewards as ILV, it takes 12 months for them to vest. To my understanding, the reason the vesting period is so long is to reduce volatility in ILV prices.

It's worth noting that you also have the option to claim staking rewards as sILV2, which does not undergo a vesting period.

[hot lynx]

This assumes a constant of $1.80 and 2777 ILV
1000 ILV can produce the same outcomes at the 3 year mark imo

Yr 3 of RevDis 1000 x $5

[hot lynx]

Until it's all burnt

[main bramble]

@cyan rampart to claim sILV2, its only meant for in game use correct? If u don't game, than sILV2 has no use for a none gamer correct?

[hot lynx]

Uniswap offers swaps

@main bramble

[main bramble]

@hot lynx good point.

[gloomy gazelle]

It’s probably good to note that sILV2 does not trade at ILV prices. It is a lot like an in game gift card that’s pegged to ILV price. The limited use case means it’s going to trade at a discount

[main bramble]

@gloomy gazelle ah I c. Thanks for the heads up

[hot lynx]

sILV2 has never traded at 1:1 ILV.

[nova sun]

Also do we know if the fuel rev we get from land is locked?

[gloomy gazelle]

It will not be locked

[ancient eagle]

Liquid ILV will be absolutely key to the whole revdis model. As revdis is paid in ILV, those who choose to compound and lock up those tokens further reduce the liquid supply. This will then affect the token price provided consistent demand for the revenue is maintained. There will be a close to fixed price determined for the token in the long term as a common sweet spot between +ev selling your revdis vs restaking and compounding.

As the token price rises, the amount of revdis paid in actual ILV will reduce, while the $ amount distributed is maintained.

Its such a novel revenue model and reasonably complex, many are yet to get their head around it. All of you here are well ahead of the game. Iykyk.

[wispy wharf]

It can also go the opposite way. If not much eth is in the pool it can absolutely crush the price to 0 if revdivs are not as what people expect it to be.

[hot lynx]

Check to make sure it's the right SILV2 as scammers do create other ones
0x7e77dcb127f99ece88230a64db8d595f31f1b068
Check on etherscan.io

[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.

[worn turtle]

It’s also in #🔗〕helpful-links

[main bramble]

@hot lynx i haven't bought any ILV. I'm just asking questions. It was mentioned i can claim sILV2 without having to wait for the 12 month vesting period. But I said or I believe sILV2 can only be used in game use to buy thing etc. But what if you don't want to use for gaming and to cash out sort of speak or buy more ILV.
Can sILV2 be swapped with another coin?

@hot lynx thank you for the warning as well

[hot lynx]

You can trade SILV2 for ETH

On Uniswap

[main bramble]

@hot lynx only for eth?

[hot lynx]

Get ETH do what u like

[gloomy gazelle]

That’s the liquidity pool that’s got any real depth. And even that is. It always guaranteed to be there. So make sure you know what you are doing.

[carmine agate]

i use dextool and can swap from silv2 to other tokens, inc stables

[gloomy gazelle]

Yeah. Even uniswap will let you multi hop from sILV2

[heady heron]

Hey guys getting a cannot estimate gas error when trying to withdraw how do I fix this?

[gloomy gazelle]

Try clearing browser cache. Then contact #❓❓〕support if it’s not fixed

Could be this #🥩〕staking message

[worn turtle]

This

Whoever suggested that is genius

[gloomy gazelle]

Yeah. Sure. But how does one do that?

I don’t have much first hand experience of actually withdrawing

[worn turtle]

Just withdraw less then it’s showing you on UI. Too many decimal places.

[gloomy gazelle]

And there’s an obvious way to change that in the website UX or is that on the metamask tx customization?

I’ll figure it out on my own in a couple weeks.

My last withdrawal from my v1 wallet is coming up soon.

I forgot what I was looking at when I noticed the goose egg in the SLP rewards. Got a bit of whiplash there for a second.

[hot lynx]

That goodbye v1 feeling

Got it on one Addy and the other its the old hacked Addy

[gloomy gazelle]

It’s easy. It’s in the website UX

[raven aurora]

hi guys, when I try to unstake these ilvs, do I get this error? How come?

[cunning perch]

try using faster gas. If it doesn't work you should be able to adjust the gas manually. Also make sure your browsers are updated and clear cache as well

[gloomy gazelle]

Looks like it’s the rounding error. Try editing the number on the left by taking the last number off the long line of decimals. So 1.3490851716199583 becomes 1.349085171619958

[raven aurora]

I tried but nothing changes

[raven aurora]

How do I change the gas if the metamask window doesn't even open?

[cunning perch]

MM doeshn't open altogether? Then try changing/upgrading your browser and clear the cache. That should help

[raven aurora]

done, but nothing changes, the same error always comes out... I also managed to change the gas and set it higher, making a test transaction first to another of my wallets and saving the gas at a higher level... but nothing changes... I even tried changing browser, but nothing

[cunning perch]

So MM opens. Are you using a cold wallet? if so make sure that is updated too, but if it is persistent, try contacting #❓❓〕support

[raven aurora]

mm it does not open... simply to change the gas I simulated a transaction in eth from l my wallet to another and before confirming it, I changed the gas parameters saving them... no I am using a hot wallet... ok, I will try to hear from support, meanwhile thank you