🥩〕staking

[prime zealot]

hey guys anywhere i can stake ilv without locking it up?

[cunning perch]

You gotta have to lock it at least for a month.

[prime zealot]

k

[proven geyser]

You can put it in a liquidity pool on uniswap or sushi. You'll get the usual liquidity rewards, but pretty sure your yield will be better on Illuvium's official platform.

Anyone know if we're getting revdis for the D1sk sales? And when that might happen?

[rancid laurel]

taking the historic.. probably not.

[lusty pecan]

Atm D1sk sales in eth go to the safety pool, once the safety pool is filled D1sk sales will go to stakers.

Here is a video by Scoriox about the safety pool https://youtu.be/_rG4HICNmhk?si=jf3F1C3mjwDuxHrc

[timid stump]

Hey guys, just went to restake some ILV in the sushi pool…..
Is there a staking v3 now or is it the v2 still?

[carmine agate]

v2

[timid stump]

Where did rickers msg go? Sent me a link in a pm (🤔) then deleted his msg in here? Dodgy dodgy.

[gloomy gazelle]

That was a scammer

All DMs are scams

[worthy lark]

DMs are scams

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

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

Support is not provided via DMs
Support is handled publicly, or in threads within the Illuvium Discord. People offering support via DM are scammers.

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

[timid stump]

Yeah, I don’t click links I dunno.

[gloomy gazelle]

I’ve already banned them for attempting to impersonate support. I’ve already confirm that they are a scammer

If you need #❓❓〕support there’s the website.

[timid stump]

https://tenor.com/view/thank-you-thanks-gif-26335477

Thanks mate. I lost my old phone number and had to start a new discord account to come and ask about staking.

I’m familiar with this server and Ilv, was a Ranger from the beginning on my old discord account

[pulsar sonnet]

Do you actually get Sushi token rewards by staking ILV/ETH? 🤔

[cyan rampart]

Only if you stake with Sushi, if you stake with Illuvium you get ILV token rewards.

[dense geode]

Where can we see these sushi token rewards?

Or are they in the ilv rewards

[cyan rampart]

If you're staking with Sushi, you can view your Sushi staking rewards on Sushi's website.

Most people have provided liquidity with Sushi, but then taken their SLP tokens to Illuvium's staking program.

Note that providing liquidity is NOT the same as staking.

For example, in the screenshot I shared, you can see I have no staked ILV/ETH with Sushi, and no Sushi rewards, because all my SLP is in Illuvium's staking program.

[dense geode]

Right i see, thanks

[pulsar sonnet]

Ahh, that's how it is. Thank you 🙏😁

[viscid otter]

the chart did something to him

[worn turtle]

what happened lol

[lusty pecan]

🤣

[lament token]

Server React wen?

[pale trellis]

Well explained

[brazen ocean]

Hey guys! Is revenue distribution taking place right now for ILV staked?

Also what is the yield for staking ILV for ILV

[gloomy gazelle]

No not at the moment. We wait for like another $1million to be in the safety pool and then for the right about to be waiting for the revdis contract to be activated.

[gloomy gazelle]

The website indicates the apr. You may need to clear browser cache. Here’s what I’ve seen recently

[proven geyser]

Thanks for the info!

[sacred cosmos]

Needs to pop up from below. Gif wen?

[acoustic obsidian]

Is there a guide to staking? I am lost between stake, rewards and vesting. I mean why do i have 2 different ilv pools with different sums?

[valid cedar]

Idk about a staking guide.
But there are two pools for two different staking options. 1) stake ILV only. That has a lower return yield but would give more revdis yield once it starts because revdis only gets distributed to staked ILV. 2) Ilv/eth is a Sushi Liquidity Pool token that combines eth and Ilv. The yield for that is higher. But when rev dis starts only the Ilv portion will earn rev dis.

People generally speculate that SLP is the way to go until rev dis kicks in and the staking rewards run out next year. That’s why the SLP pool is higher than the ILV pool. You’ll likely see that shift more n more towards pure ILV stake as rev dis starts and staking rewards come closer to an end.

[acoustic obsidian]

I only staked in ilv, i dont care about ilv/eth.
If you see in my picture i have to claims
One for 0.0065 ilv and one for 0.11 ilv.
Why?

[valid cedar]

.11 is your rewards… that’s what you can claim

[acoustic obsidian]

And what is that 0.0065?

[shell peak]

Remind me again where our ILV/WETH liquidity is?

Ah fack nvm. It's still locked for another 150 days 🤦‍♂️

[valid cedar]

Looks like Revenue distribution... have you staked since the land sale last year? It's possible you received some revdis from that.

Pretty small amount tho and you may want to just wait til revdis start up... I think a lot of people are waiting patiently for that to start.

[acoustic obsidian]

I have my ilv stake still on vesting. But i don't understand how the rewards work. Why i have them split in two. I would want to stake more but i want to first understand how this works.

[valid cedar]

Slp, Ilv and Revdis are all separate and therefore need separate transactions to redeem. Here's Andrew's video on staking... https://www.youtube.com/watch?v=_n-XDMkxYLM

[acoustic obsidian]

Thanks for info

[acoustic obsidian]

Question:
If i staked in 2021 i think, the lock period is gone, and the vesting period is gone, if now i want to stake more tokens, they have to go through the same lock/vest process? Or i can stake/unstake whenever i want?

[cyan rampart]

Each deposit is independent. So your initial stake is unlocked, and will remain unlocked. If you were to add a new deposit, it would go through whatever lock period you choose. Staking rewards claimed as ILV are always subject to a 12 month vesting period.

[acoustic obsidian]

Ok, thanks. Only rewards are subject to the vesting period? The deposits only have to pass the locking period? They dont go to vesting?

And do i earn rewards only for the locked period? After the lock expires, will i still earn rewards as long as i don't withdraw?

[cyan rampart]

Yeah, the two are handled separately.

Deposits - You choose how much to deposit, you choose the pool (ILV or ILV + ETH), and you choose the lock duration. At the end of that lock duration, your deposit is unlocked. The lock period can be anywhere from 1 month to 12 months.

Rewards - Your staking deposits generate rewards. Rewards can be claimed as ILV or as sILV2. When rewards are claimed and ILV is chosen, a 12 month vesting period starts. This 12 month period applies to any batch of rewards claimed. During that period, those vesting ILV rewards are eligible for yield and revdis, at the same weight as a 12 month deposit would have (2.0).

To your last question - Staking deposits continue to generate rewards, even after the lock period ends. You just have the option to withdraw them at your leisure when they are unlocked, but you can absolutely leave them staked for yield/revdis if you choose to.

[acoustic obsidian]

Ok, thanks for the info and sorry to bother. Considering to stake again and wanted to be sure on what to do

[acoustic obsidian]

Can you please look and tell me why i have 2 ilv pool that i can claim?
One is 0.11 ilv and another is 0.0065 ilv

One is a stake reward and another is a revdis? And why would i earn revdis? On what?

[gloomy gazelle]

Staked ILV is eligible for revdis. And the revdis is distributed through a contract that is not the same as the yield farming contract. So that’s why there are two possible claims.

The revdis was made back when the land sale occurred.

[acoustic obsidian]

Ok i understand now, thanks!

Anyone swaped for ilv directly on metamask? Do you think it's better than buying on binance and sending to metamask?

[candid kettle]

It will depend on the gas fee on the network at the time of the swap compared to the fee charged by Binance. Typically, people only transfer to the MM when they are going to stake

[acoustic obsidian]

I thought it's better because involves less steps.

[gloomy gazelle]

If you use metamask’s swap, metamask will use the pool on sushi and will add an extra fee. I’d recommend just using the sushi liquidity pool on sushi.com ( #🔗〕helpful-links if you want to try a defi swap

[acoustic obsidian]

Ok, thanks

[dense flare]

apr/apy down again

[last hawk]

down like showing 0? if yes clear cache

[mild cipher]

Hi, where can I swap ILV+ETH to SLP and opposite?

[candid kettle]

Sushiswap

#🥩〕staking message

[karmic beacon]

Hi all, need some help with my SLP. I have unlocked it but cannot seem to find where I can sell. Is there a video floating around showing how its all done?

[ember ginkgo]

Should be in the pinned messages

[karmic beacon]

cheers

I have unlocked via the illuvium page and the SLP shows in my walet. however, once i move to the sushi wallet ( connected )

I can restake my SLP but can not unstake, im stuck:(

[ember ginkgo]

<@&795142782133207063> somebody please help this poor soul
Don't listen to any DM's

[karmic beacon]

thanks man. they must just sit in discord waiting for prey. took 1 min to et a dm

[worn turtle]

You have to go to sushi swap and split your SLP

Its in pinned messages

instructions

[karmic beacon]

cheers Rich

[ember ginkgo]

Make sure to post them in #🚨❗〕report-scammers 🔨

[karmic beacon]

so this is my problem, Ive withdrawn my SLP off the illuvium site and have my 5 SLP showing on the sushi app. I can restake this but there is no withdraw allowed. I do have my remaining SLP that can be unstaked but because I have gone via the ILV page I cannot withdraw here

[gloomy gazelle]

But sushi wouldn’t be withdrawing the SLP tokens but is withdrawing your liquidity.

[karmic beacon]

thanks for the reply, this is so confusing, I should not have withdrawn via ILV site, Im guessing this is the problem. in the ILV/ETH pool I can stake 5 SLP but I cannot unstake it. Is there any way to liquidate this or do I need to restake then remove again?

[gloomy gazelle]

#🥩〕staking message

[gloomy gazelle]

If you staked your eth/ILV SLP token in illuvium’s protocol then yes you would need to withdraw from there if you wanted to turn it into eth and ILV. That’s step 1. Then you go to sushi.com and withdraw the LIQUIDITY.

[karmic beacon]

ok so ive done that right. The issue is the app is only showing 2 things. 1. my remaining SLP which I dont want to touch. next, the balance of my withdrawal from the illuvium site of 5 SLP there is no option for me to remove th is liquidity and only allows me to stake it.

[gloomy gazelle]

#1156092420040175657 message join my in this private thread in #❓❗〕community-help

[torn zenith]

Is there something wrong with the staking dashboard?

[worn turtle]

If your apr isnt showing just clear cache/cookies

[torn zenith]

I'll try that. Thank you

[torn zenith]

Clearing cache/cookies worked to keep from the dashboard to stop trying to connect. But it still won't connect

[worn turtle]

Can you create a #❓❓〕support ticket they should be able to sort any issues

[torn zenith]

I did after I posted on here. Thank you

[worn turtle]

Thanks m8

[weak hawk]

at what amount do you guys claim ILV ? got 5 ILV should i claim to start vesting or should i wait for higher amount.. the gas is low now

[worn turtle]

Up to you, but low gas is usually a decent time

[versed coral]

I usually claim when the gas fees are like 1 or 2% of the value

[weak hawk]

thx , thats seems like a good thing

[acoustic obsidian]

I read but i didnt understand.
Can anyone say what are the actual revdis from game if we stake ilv?

[ember ginkgo]

?revdis

[worthy lark]

Illuvium Revenue Distribution

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

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

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

[acoustic obsidian]

I read this but i dont understand

I dont understand what negligable cost and non negligebale is

[ember ginkgo]

<@&795142782133207063> can explain

[versed coral]

Basically the difference is between physical goods like merch store where there are costs involved for production and logistics etc. and revenue that comes from selling NFTs which have no direct costs for the DAO. In the first the operating expenses will be deducted from the revDis while in the latter 100% will be distributed. That’s how I understood it

[bright heart]

You're better off thinking profits will be distributed, rather than revenue. @acoustic obsidian

[acoustic obsidian]

Ok, but if i stake ilv, i get rewards from merch sale and nfts sale ingame?

I don't really care of technicalities, i want to know if i stake ilv, i get rewards when people buy anything, or just fuel on illuvidex?

[ember ginkgo]

Yes

[bright heart]

From every profit. Merch. Disks. Fuel.

[acoustic obsidian]

Ok, great, thanks

[acoustic obsidian]

Thanks yachiru

[dense bear]

Hey guys does anyone have a link to the page where stakers claim the extra ILV from the change from staking V1 to V2…apparently stakers are eligible to claim some extra ILV?

[cyan rampart]

It's linked from this announcement post: #📣〕announcements message

[dense bear]

Cheers thanks @cyan rampart 👍

[wooden kiln]

hi all, assming that this is a bug...or is there an announcement I missed about no more staking? ty

they're at 0% APR/APY in case I wasn't clear 🙂

[lament token]

Clear cache and refresh

[wooden kiln]

I feel like a numpty 😅 haha thanks mate 🙏

[worthy sable]

so to get ILV/ETH i hav eto go so sushi?

[worn turtle]

#🥩〕staking message

this is to remove

the process is essentially opposite to make

[gloomy gazelle]

They seem to have changed the UI a little bit again. I’ll make a new version next week.

[worthy sable]

so staking liquidity pool is gonna be completely removed or?

i do not have SILV i ust staked soem ILV/ETH yesterday, should I remove it or?

[cerulean flower]

Need help, I don’t know if I understood well. If I stake 10 ilv x 4,28% (per 12 month) at end of staking I will review 10,428 Ilv? Or it’s another earn?

[cyan rampart]

If the APR were static (it's not, it changes over time), and you wre to stake 10 ILV at 4.28% APR, at the end of 12 months you'd have 10.428 ILV. That's correct.

It's worth noting again that the APR isn't static, it will change over time (generally downwards), as the amount of ILV staked changes and the amount of yield rewards slow down.

Additionally, yield rewards run out on June 30, 2024, which is about 8 months away at this point. So while your lock period might be 12 months, you won't receive yield rewards for 12 months.

[cyan rampart]

No, the liquidity pool isn't going to be removed. Rich was pointing out the process to remove liquidity from the pool. Adding liquidity is basically the opposite process.

It's up to you whether you want to stake ILV/ETH or not, and how long you lock it up for, but the ILV/ETH pool isn't going anywhere, it is not being removed.

[valid cedar]

Theoretically could this change? If it is determined that continuing staking yields is in the best interest of the whole could it not be voted on and thus ILV allocated for further staking rewards beyond June 30, 2024?

[gloomy gazelle]

The biggest issue with this possibility is that there aren’t other ILV that exist. There’s not other ILV to allocate to the staking yield farming rewards.
At least not really.

[valid cedar]

The idea is that staking would end while rev dis begins… I guess I’m wondering about a situation where it takes longer than projected for rev dis to equate to staking yields. Ppl prob wouldn’t like locking up their tokens for a lot less than what staking provides. In that situation it would make sense to incentivize continue token lock ups… otherwise there could be a slide of selling as there would be no incentive to keep tokens staked. If rev dis is kicking tho then no need and the machine a rolls along.

[gloomy gazelle]

But what could be used to give away as incentive?

I understand the idea. But where can the rewards possibly come from?

[valid cedar]

🤷🏻‍♂️ beyond my pay grade
Just thinking abt hypotheticals… Likethe old saying, better to have and not need than to need and not have… a plan that is, if that situation were to be reality.

Hopefully markets shift, game launches, people play it, along with new people coming in as well. Growth.

[cedar flame]

I think its a good idea to turn game reward ILVs into staking
As you told me before, if the game rewards are lost, you can make up for it from Revdis.
We do not need to have up to 20 years ahead game rewards now!
The current ILV price is very close to the danger point, and most stakers are ready to withdraw their SLP and ILV at any time!
If nothing else, a fall in the ILV could be irreversible!
And we will need at least one more round of financing, which will be quite a problem if ILV prices at that time are lower than they are now.
Who knows if adding staking will stop ILV prices from falling, but it will provide a little insurance!
The reward was originally supposed to be based on the assumption that some Revdis could be expected with the end of the staking reward, and if that can't be expected, it makes sense to think of something else to do.

[gloomy gazelle]

A few have been looking at ongoing liquidity and incentive options. Not sure what all they’ve found.

The ILV allocated as in-game rewards is like the only ILV that could possibly be available to be reallocated as staking rewards.

The chances of that reallocation happening are slim

[cyan rampart]

Peli summed it up pretty well. Yield currently comes out of the 3M pool of ILV that was explicitly allocated for that purpose. Introducing more tokens for yield would essentially devalue existing ILV through inflation, and diverge from the original tokenomics people signed up for.

So it's theoretically possible, but IMO not desirable.

[cyan rampart]

Taking it back to fundamentals - The premise for ILV staking is that revenue generated from Illuvium's games is distributed to stakers. A substantial portion of the strategy to attract players and generate revenue is that we can utilize in-game rewards to create exciting and compelling competitive tournaments, leaderboards etc.

From my perspective, it would be undesirable to reduce our capacity to attract players, and thus generate revenue, by re-allocating in-game rewards tokens to stakers before we launch. I'm of the opinion that doing so would provide less overall value to ILV holders and stakers in the long term. I'm also wary that it would provide much value in the short term - Extra yield DOES provide incentive to leave unlocked staking deposits staked, but it's also inflationary - More ILV would be circulating.

At the end of the day, it comes back to the fundamentals - Release games, generate revenue, distribute to stakers. Without that loop working, anything else is going to be a bandaid solution.

One way to think of the in-game rewards pool is as a pseudo marketing budget. We've (wisely, IMO) been pretty sparing on our marketing so far, but it's extremely important to retain the capacity to market our games once they launch. Reallocating in-game rewards for another purpose would reduce our capacity to market Illuvium.

[valid cedar]

I appreciate the thoughtful reply. Nothing is certain in a new project… we are all speculating success at the end of the day. But… it sounds like while continuing staking is technically possible there are much better solutions to avoid getting to that point in the first place. And those solutions will be exhausted in advance. Getting the game out, marketing, incentivizing continued staking via juicy rewards and competitive play, rev dis, and growing the player base. That’s the goal.

It’s clear how much effort is being put in to making illuvium a successful game. That’s why I am still here. You know how the mind wanders as delays and doubt sneak in. I don’t doubt the effort being put in tho.

[cyan rampart]

Definitely, and no judgement for thinking about this stuff - It's genuinely good to have more minds aware of this stuff and thinking about how things will look in 8 months, in 20 months, and for years into the future.

If there's ever any holes in our collective understanding, this is the way we find them.

[cyan rapids]

Is it just me or the ilv/eth slp value is showing at 0.00 in the dahsboard is it a visual bug?

[lament token]

clear cache and refresh 🫡

[cedar flame]

@cyan rampart I have a few questions. Can I DM you?

[cyan rampart]

Sure, but I won't DM you first 🙂

[gentle dome]

Is it normal for the staking go show 0% APR?

[cunning perch]

Not atm. If you see 0, try clearing cache and refreshing

[main copper]

Epoch is currently '59 of 78', does that mean I will no longer receive Rewards when it reaches '78 of 78'?

[craggy field]

by the end of the staking rewards, you won't get any staking yield, but you will still receive Revenue distribution when it becomes available.
So, the yield farming ends but revenue will still be distributed over the stakeholders.

[main copper]

Understood. Thank you!!

[acoustic obsidian]

How much time until the staking ends? How much is an epoch?

[craggy field]

June 30th or july first 2024 would be the last day of staking. And a staking epoch is 2 weeks 🙂

[acoustic obsidian]

So there is no point if i stake now to lock for 12 months

[ember ginkgo]

Double weight for revdis

[acoustic obsidian]

Oh, ok, didnt know revdis have a weight too

[craggy field]

Once revenue distribution starts, once the games come out and players pay to obtain assets to have fun in the arena and overworld and beyond, the revenue will be distributed amongst the stakeholders. Like Betty says, the longer you stake, the more rewards you get based on your weight.

[acoustic obsidian]

Thanks for explanations

[hot lynx]

[winged heath]

once i have unstaked my ILV/ETH, how do i seperate them into ILV and ETH individually?

[gloomy gazelle]

#🥩〕staking message

The UI looks a little different since I made that walkthrough

[winged heath]

ok ty, instead of "withdraw" does it now say "unstake"?

[gloomy gazelle]

Now it’s REMOVE.

As in… “REMOVE” liquidity

[winged heath]

oh okay, what does "unstake" do?

[gloomy gazelle]

Nothing. Unless you staked in the sushi protocol

Which you did not. Because you staked in the illuvium protocol

[winged heath]

oh ok gotchu ty

[cerulean nexus]

Question:
If I renewed my SLP stake just now for the full 12 months (which I did because I thought I wouldn't accrue any more ILV if I didn't), will it automatically unstake when the ILV distribution for staking ends (which should be in June)? Or did I just lock myself for a lot of unnecessary months since I was told rewards would continue to grow even if I didn't restaked it but just left there?

[gloomy gazelle]

Deposits are locked until their vesting period ends. I’m afraid that you did withdraw and then lockup your deposit, so it will be locked when you could have just left it deposited and unlocked.

[cerulean nexus]

Lol, I feel so stupid now. Was it stated anywhere in the UI?

[gloomy gazelle]

Not sure

[cerulean nexus]

I mean, it's 1 year more to wait for a mistake like this

[gloomy gazelle]

The vesting page does not say anything about things not earning while they are still deposited. It is pretty clear in the documentation. The dashboard continues to indicate that everything is earning. But there have been many others that ask the same question. And certainly still others that withdraw and stake again and never ask.

[cerulean nexus]

Don't you think it should be implemented? I wanted to decouple ILV and ETH from the SLP when staking reward ended so I could buy full ILV instead, and earn full revdis. Now that I self-locked myself I gotta stay with half weight for a few months right?

[gloomy gazelle]

Personally I think the staking system makes sense. It’s like almost every traditional system. Deposits keep earning and stop earning when withdrawn. However, there has been conversations about this for the past 2 years. And the team has not been convinced that there needs to be text on the staking pages that says something like “Both locked and unlocked deposits and rewards continue earning until they are withdrawn.” Perhaps you could give some feedback to #❓❓〕support

Shorter lockup does mean lower weight.

[cerulean nexus]

Yeah, if talks already have been made there's no need to start them again. Thanks for your time.

[brazen egret]

Woah i haven't been around for a while and just found out that i have 8 ILV missing rewards to claim. When did this happen?

[cyan rampart]

Likely it's from this: #📣〕announcements message

[brazen egret]

Ah yes, thanks

[twilit sinew]

i have a question about the SLP

I added eth and ilv into the pool at .15 ilv/eth , currently price is at .02 ilv/eth

if price goes back to .15 ilv/eth will the value of my slp go back to what i staked it at? or is there other elements besides impermanent loss like mev

[gloomy gazelle]

If the prices are the same then it will be the same. The usd value of eth impacts the value of the eth/ILV pair.

[gloomy gazelle]

Additionally, your SLP tokens are slowly accumulating the trading fees. So technically if the relative value of eth/ILV is the same and the usd prices of eth and ILV are the same then you would actually have more USD value because your SLP tokens would have accumulated those trading fees

[twilit sinew]

so there are 2 elements that need to go to parity. ILVETH price AND ETHUSD price when i entered

i thought only need ilveth to go to parity of when i entered the slp to get my usd $ value back?

[onyx flower]

Use real numbere to see why... if eth tanks to 500 but holds the eth ilv ratio, what is ilv then? Like 10? If you bought x eth and y ilv at higher prices, you get the same amount out at lower prices if ratio remained constant but the value is less

Goes both ways though, if eth and ilv go on a big run, you profit from that plus the 40% yield.. which becomes multiplied since the 40% is based on value at time of stake

You may be thinking of Imp Loss as some extra mechanism on top of a changing eth/ilv ratio.. thats not it.. its just another way of talking about changing amounts (not values) at deposit/removal based on ratio

[twilit sinew]

got it, so if the ratio goes back to where i entered, then i receive the same unit amount of eth and ilv back

[onyx flower]

Yep

[twilit sinew]

is there some sort of mev drag though where i lose units over time?

[onyx flower]

I've seen it where i'm half the pool in a small pool and i get wrecked by people only trading when value is skewed in their favor.. you basically become an mm forced to take every shitty trade.. its tough to get a good exit in that spot and is the reason LP's without incentives are net negative.. thats the drag i feel but wish i could quantify it for you

[gloomy gazelle]

No

[onyx flower]

Basically its like if youre against someone who has stacks of x and y and only trades against you when ratio is in their favor. They end up way ahead and the fee you take even at 1% doesn't make up for it.. eventually the pool ends up with too much of one token and you're dead because you have to refill at the shitty ratio and who are you buying from? Its way better to be the trader than the guy forced to take the shitty trade (the auto mm in an lp)

I would be curious at the return of an lp doing eth/stablecoin vs someone running option (straddles?).. my experience with expecting any positive return even if you forecast the limits perfectly is just so bad

[gloomy gazelle]

Makes sense. Maintaining eth/ILV ratio after the sort of increase in token supply that ILV has had is pretty unlikely.

The v3 pools make liquidity providing even more hands on.

[onyx flower]

Looked up the option info, so selling straddles would be profiting from underlying staying within limits.. I'd expect that outperforms an LP because as soon as LP veers off 1:1 ratio you have to recoop through fees and at 1% or less gl.. basically if selling calls and puts profits more than doing an lp even under ideal conditions.. volume becomes the factor here, you need massive volume and ratio to stay constant or get lucky and have it return.. but if you can predict price movement that well there are better EV strategies for being nostradamos

[onyx flower]

Doing concentrated liquidity is a fun learning experience lol.. that's really the best tutorial for understanding how LP's are just a fat juicy carcass waiting for the wolves to pass through

[gloomy gazelle]

I’ve played around with small throw away money on pancakeswap for just such a learning experience. The APR estimates on 1% concentrations are insane. Lol

[onyx flower]

But that means you put your whole stack into that range, seems great until price moves out and if you want to re-enter you're buying at the higher price that took you out.. so either you take the loss or you re-enter and hope price stays constant for you this time.. but in crypto stuff moves so much, and if its for a reason that won't see regression to mean you're dead..

That huge return isn't so great compared to the risk you're taking, esp considering LP is net negative in 99.9% of time periods.. maybe that's my point

You need a heavy volume event that keeps price constant.. just doesn't exist

[gloomy gazelle]

Yeah. Insane. Not reality.

[onyx flower]

The arbitrum airdrop was probably my only winning uni v3 LP and that was crazy volume.. incentives make LP's interesting and most ppl with a bullish stance on ILV would probably be better in the eth ilv SLP than trying to time an ILV directional bet

[idle pagoda]

@brisk surge

[acoustic obsidian]

Dumb question, but i still stake if i disconect my wallet, right?

[worn turtle]

Yes

[cunning perch]

When you connect your wallet, it's just an interface. When you stake, you enter a contract with the pool. So as Rich said, yeah, connecting/disconnecting has nothing to do with staking/unstaking 🙂

[acoustic obsidian]

What is the thing with staking v2? Do i have to do something?

[worn turtle]

Just migrate your stake if you staked in v1

[acoustic obsidian]

I did. How do i migrate?

[worn turtle]

There is a message that will show at the top of vesting page

[acoustic obsidian]

Do i need gas fees?

[worn turtle]

Yes

[acoustic obsidian]

And if i dont migrate? I don't think its worth the gas fees

[worn turtle]

You have to migrate to continue with staking rewards

[acoustic obsidian]

So i lost staking since it was v1 because it didnt migrate?

[potent sable]

should i check my staking dashboard, been a while

[gloomy gazelle]

Yes. Gas is at like 5gwei

[potent sable]

But i gotta plug in my ledgerrrr

[gloomy gazelle]

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-compounding-interest-gif-22210108

We may need to remove a lot of those tokens from this gif at this point. APY is not what it used to be.

https://tenor.com/view/things-aint-what-they-used-to-be-marvin-gaye-mercy-mercy-me-song-things-are-not-the-same-anymore-things-are-different-now-gif-22057651

[fringe sequoia]

Compounding revdis.

[candid hull]

does the staking end in 10 monthes?

[ember ginkgo]

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

[hot lynx]

https://media.discordapp.net/attachments/791148476218081321/1121610905453604905/giphy480p.gif

[cyan rampart]

Yield rewards run out on June 30th, 2024. The staking program doesn't end though - Staking is still required to be eligible for revdis

[candid hull]

so whats is the v3 staking on the road map?

[ember ginkgo]

I believe that's staking on L2 IMX so there are no gas fees

[noble osprey]

Hi, if i want do add some ILV\ETH to stake, so i can do it only for 9months lock, yes?

[gloomy gazelle]

You can. When making deposits you choose how long to lock it up for.

[noble osprey]

i can choose 12mth long lock even it last 9 moths of yield farming?

[gloomy gazelle]

You can. Because your deposit would still be eligible for revenue distributions after yield farming ends.

[noble osprey]

yez, but only for last 9months 😉

the rest of time will be reveune distribution already 😉

[dense geode]

yes that is true, but u will have tokens at 2.0 weight ready to collect revdis

[noble osprey]

have a lot at 2.0 weigth

[dense geode]

nice, great

[candid hull]

if staking ends in 10 monthes why someone lock for a year?

[plain olive]

#🥩〕staking message

[candid hull]

so after the staking its will be revidns on the staking?

what about v3?

[dense geode]

v3 we have no real info on as far as i know. all i know is that v1 and v2 will keep the same revdis yields.

[dense geode]

ye when the stake pools end, it will become revdis only. the ones u stake now will just yield revdis without u doing anything.

[lusty pecan]

If you are in the Eth/ILV pool your ILV will only earn revdis fyi

[candid hull]

oh ty

[serene lava]

GM guys. Does anyone know if the SLP unstake takes 365 days as well?

[serene lava]

Unstaking SLP the LP token for sushi, take a year to unstake as well as the ILV token it self

[candid kettle]

The rewards are staked for one year after the claim, but the initial stake, whether in SLP or ILV, is up to your choice for the lockup duration

The longer the staking period, the greater the weight for the rewards and revdis

[gloomy gazelle]

All tokens staked in the illuvium protocol remain staked until you withdraw them. Tokens can not be withdrawn when they are locked. But tokens that are unlocked can be withdrawn when you choose and when you do they are withdrawn immediately.

⤵️

[worthy lark]

Claiming Rewards

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

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

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

[serene lava]

Thanks guys, I appreciate the swift response ✌🏻

[rotund sentinel]

Anyone had the issue of not being able to connect their ledger vis firefox or chrome? I'm trying to claim the tokens before end of year expiry but having trouble connecting ledger

[candid kettle]

Is there any error message in the MM? Or does the extension not get recognized by the browser? Have you tried clearing the browser cache?

[rotund sentinel]

yep cleared cookies. have noticed a lot of people having a simliar issue but i cant find a solution

[candid kettle]

According to the Ledger website, it is ideal to use a Chrome-based browser since Firefox currently has U2F disabled by default. You can open a support ticket at #❓❓〕support if you'd like them to assist you in enabling U2F on Firefox. However, it should work normally on Chrome if it's up to date and has its cache cleared.

[rotund sentinel]

thanks, do you know if there are other broswers that this will work with?

[plain olive]

Probably brave browser

[rotund sentinel]

All sorted through chome, thank you sirs!

[obsidian nebula]

trying to make first stake from my Trezor that is linked to my metamask. but it keeps giving me an error. can someone please help?

so i figured out the problem. when i first connected my trezor wallet and approved ILV spend, i capped the spend limit to the amount i had in the wallet at the time. ho do i reset the spend limit so i am not capped to that amount?

[gloomy gazelle]

https://twitter.com/pe1ican22/status/1645056102328078338?s=46&t=p1CJsdlT9FQTl67MJtiL_Q
These are tools that can be used for revoking limits. Once you do that you should be asked for new token limit approvals.

[obsidian nebula]

cool thanks. i revoked the approval but the same error is still coming up on ILV staking site and not asking for a new approval

never mind. i just had to disconnect my wallet from staking site and reconnect. all good now. thanks for the help

[gloomy gazelle]

It’s possible that doing that step even before revoking may have fixed the problem, and your wallet would have asked to increase the limit properly. I’m not exactly certain

I remain sad that the tools you made are not in this pin. I have always appreciated access to data.

[obsidian nebula]

i did that quite a few times. even cleared my browser cache. i even went onto etherscan to change the limit there but all it would let me do is revoke. the tool you sent makes it way easier than that thought. thank you

[loud marsh]

Only wallets with Staking v2 balances and no history of v1 deposits can be transferred.

Does that mean if I was staking in V1 I cannot transfer to a new wallet?

[candid kettle]

Only v2 wallets can make the transfer; it's a limitation of the initial contract, unfortunately.

[loud marsh]

v2 wallets meaning if I transitioned to v2 staking or started participating during v2?

[gloomy gazelle]

If your wallet ever staked in v1 then it can not be used to move your staking control to a different. address.

[small island]

Im experiencing another error when attempting to stake. This is a new error that didnt exist before. In my case the reason of the error is ds-math-sub-underflow

it prevents me from staking ILV/ETH
claiming ILV rewards works fine

(report sent to customer support)

[gloomy gazelle]

I suspect that the problem lies in token spend approvals not being high enough to cover the amount of SLP tokens that you want to deposit.

While not the same error that was thrown for anorak, it could be the same fix. Not certain though. #🥩〕staking message

[small island]

ok, let me give this a try

[gloomy gazelle]

You can check the approval amounts at those sites simply by connecting. Or even on etherscan somehow.

[small island]

oh gosh, it is indeed that

[gloomy gazelle]

Others have had that error in the past.

[small island]

though looks like it needs a UI fix ? so the UI asks folks (via a Metamask popup) to increase the limit if they want to stake more than their current limit

[gloomy gazelle]

I don’t defi enough to know what usually happens with other contract interactions. But yeah. It would be much smoother

[small island]

other apps would do that, meaning ask you to increase the limit
probably not a high priority issue imo

thx for your help @gloomy gazelle 🙏

[teal osprey]

I wanted to stake my ILV, but there's not staking rewards. APR 0% no matter the lock up period. Is that a bug?

[ruby berry]

Yup! Try to clear cache then restart browser

[formal relic]

Hey guys, I currently have unstaked my my SLP from the liquidity pool. Now how do I transfer that from a SLP to ILV and my ETH?

[candid kettle]

#🥩〕staking message

[rotund fiber]

can you lose illuvium when staking?

is it safe? (non eth[sushi])

[dense geode]

well, u cant lose it all, but there is a chance u come out with less ilv then u have put in.
this depends on the ilv to eth price, 1 slp will always be 50/50 ilv and eth in value.
so the ilv moves in amount, to keep value aganist your eth.
the only way u ''lose'' ilv, is if ilv increases in value compared to eth, u will get less ilv per eth staked when u unstake.

[cunning perch]

In the single-asset-staking pool, you add only ILV and when unlocked, you can withdraw what you put in (in token not $, cuz pricing is volatile and changes by the second)

[rotund fiber]

please elaborate

so basically it's not worth it

[cunning perch]

That is your decision. No one can say if something is worth investing in or not as everyone's investment strategy and goals are different. If you stake ILV in the single asset pool (ILV pool), you won't lose it due to volatility in liquidity (impermanent loss), and for that, since you are not risking losing tokens, you get the lower APY, therefore smaller rewards compared to the liquidity pool (ETH/ILV).

[rotund fiber]

So this bit didn't really need to be said? "you can withdraw what you put in (in token not $, cuz pricing is volatile and changes by the second)", because you always get the amount of tokenc back regardless of amount of dollar value after the locking period?

100% safu

[cunning perch]

Didn't understand your question. You add 10 ILV in the ILV pool and lock it for 1 year, you can withdraw the same 10 ILV after one year (aside from the rewards which will have their own locking schedule). So, yeah, your ILVs are just gonna stay locked until unlocked.

[rotund fiber]

ok so seems fine

[rotund fiber]

it isn't worth it because the rewards are locked up for 12 months

[acoustic obsidian]

How do i see if i have any v1 stakes?

[cunning perch]

When you click on the vesting tab to see your stakes and rewards, if you have any V1, it will be shown on the left side as "V1".

[acoustic obsidian]

I dont see any v1 but i staked in 2022 when it was v1 and didnt migrate by myself. Any chance it migrated automatically?

[cunning perch]

Nothing can be migrated automatically. If you see the button to “migrate to V2” when you connect to the staking website, then you should migrate.

[acoustic obsidian]

I dont

[cunning perch]

Migration is a contract to be signed. So gas will be paid.

[acoustic obsidian]

I think it showed me once and i said i dont want to migrate so it must be stuck in v1

[cunning perch]

Then perhaps you staked after migration, and on V2 directly?

[acoustic obsidian]

In may 2022?

I do have some missing rewards

Maybe i migrated and didnt know

[cunning perch]

Well, as I said above, if you have V1 stakes, it will show in the vesting tab like this. Otherwise, if you have stakes that don’t show this, then they should be in V2

[acoustic obsidian]

Ok, thanks. I dont have that so they must be v2

[feral junco]

Whats the minimum of slp token i have to stake?

[swift belfry]

There is no minimum, but if you have a tiny amount the transaction fees will outweigh any yield you will earn.

[feral junco]

When i want to stake the comes insufficient balance, by 78800

How are the steps?

[pure eagle]

#🥩〕staking message

[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

[rotund fiber]

can you unstake your illuvium and withdraw it early?

[lusty pecan]

no

[rotund fiber]

why does bitcoin have to pump now 😦

i staked by stuff for 1 month but it seems to be locked for 3 months instead, must i be mistaken?

[gloomy gazelle]

If it was staked and locked for 1 month then it would have been unlocked in one month.

[hot lynx]

[rotund fiber]

Pretty sure I did one month. Unless I cancelled it quickly and did it again quickly and the default is 3 months

[buoyant lotus]

Hello, can you login with metamask on the staking page? I'm trying from 3 different browsers and when i click nothing happens

[cunning perch]

yeah MM works just fine. Are you using the right website in #🔗〕helpful-links ?

[buoyant lotus]

worked now, wasn't connected on ETH mainnet, but message doesn't arrive anymore

[cunning perch]

So, it's all good now? Are you fully connected?

[buoyant lotus]

yes thanks

[faint shale]

Hi Guys,
Do we have any info how much revenue is the team calculating with during the next years?
Can i find some presentation or expectations in written?

[candid kettle]

There are no public projections regarding expected profits for the games, as this depends on many factors, and the in-game values of assets will depend on player demand

[faint shale]

should be a bad thing if there wont be any, but understood its not public.

[gloomy gazelle]

I would think that revenue projections would be for securities. But I’m not a lawyer. 🤷

[compact talon]

Once the game has revenue you could project revenues, other than that. The only way to compare would be with games of similar genres like TFT, but even that is not what illuvium is about, there is nothing like illuvium in the market right now

[tight oyster]

Hi, to be sure, if my SLP (ILV+ETH) that i have staked 2 years ago has a value at the moment of 1000$
I want to unstake this SLP and get tokens back.
So i will get 500$ ILV + 500$ ETH isn't it?
So ILV = 45$ at the moment, i will get 500/45 = 11.1 ILV + 500$ in ETH
Is that how it works?

[dense geode]

Yes, thats how it works, u can use zerion to see the current ilv/eth slp
here u go, in the bottom u can see the ilv to eth per 1.0 slp.

[tight oyster]

Oh thx, but to use this "zerion" thing, i need to have my slp in my wallet and connect it isn't it?
Is there a place where i can check this ilv to eth per slp without connect my wallet or have my slp in it?

[dense geode]

No u can just google ilv/eth slp and u will most likely see it, i only use it to see the price and the ratio ilv to eth.

u know how much slp u got, so u can do the math pretty ez after u know what 1slp gives u

[tight oyster]

Thx a lot, that's exactly what i wanted to know 😉

[gloomy gazelle]

If you use Zerion or Zapper to “watch” your public address it will actually be able to count the deposited eth/ILV (not connection needed). It’s a pretty sweet tool.

[chrome light]

Hey guys, Is there still staking rewards available? When I go to stake it shows the estimated APR at 0%

[gloomy gazelle]

There are. Clear your browser cache and you’ll see the Apr.

[tight oyster]

Hi, another question
what will happen at the end of 78 epoch of stacking rewards?
The period will end in 9 month.
So if i want to stake some ILV now, and want to stake them for 1 year (12 month) to get max weight, what will happen in 9 month at the end of the staking period?

[cyan rampart]

Your staked ILV will remain staked until they unlock, but there won't be any more yield rewards.

There are 3 reasons to stake ILV right now.

1. Voting power in elections. Staked ILV can be used to elect council members.

2. Yield rewards - These will end in June 2024.

3. Revenue Distribution - Revenue made through player purchases in-game is distributed between staked ILV tokens. This will be the primary reason to stake ILV after yield rewards end.

[tight oyster]

ok thx Blickter

[last hawk]

Man i love checking my Staking page the last days. 😄 daily earning ($) is rising.

[brazen egret]

I haven't been able to check since ILV was at $40 last week as I'm overseas. I really wanna know when I get back 😅

[last hawk]

looking good right now in my eyes 😄

[dense geode]

Pretty ez math, add 20%

[plucky pasture]

financial advice?

[gloomy gazelle]

If ILV price is up 20%, then the value of rewards is up 20%

The value of rewards and the APR are less related than one might think

[signal basin]

The staking dashboard shows a 39% APR for ILV/ETH now. 😊

[gloomy gazelle]

Yeah. Significant amounts of SLP tokens were withdrawn from the eth/ILV staking contract.

[dense oracle]

Well thank you for the missing rewards- price going up, holding going up,

I need the ILV holder and ILV staker on my list too

[gloomy gazelle]

You could #🎫〕verify-asset to get those discord roles

[dense oracle]

Lets See rode to the top and stayed on the ride, now lets stay strong!

[feral junco]

GM , i am new in staking coins. I have slp token in my MM. i am connected with the staking site. But when i want to stake Ill/Eth than it comes this

insufficient balance?! What can i do? I tried it with 78000 slp token but it doesn`t work

[craggy field]

Do you have enough eth balance?

Also it may have to do with you putting the MAX SLP amount. May need to do 77999 rather than all 78000

[feral junco]

i need slp and eth?

[craggy field]

Slp to stake, and eth to spend the gas fees :p

[feral junco]

now i have eth and it is the same result, i am going cracy

[cyan rampart]

When you say you have SLP tokens, do you have Sushi Liquidity Pool tokens that you got by providing liquidity on Sushiswap in the ILV/ETH pool?

[craggy field]

Right, SLP is not The Axie token, but sushi liquidity pool token.

[feral junco]

i have smooth love potion token, its wrong?

[craggy field]

Yes. Smooth love potion isnt part of this ecosystem.

[feral junco]

ohhhhhh nooooooo where i can buy the other slp?

You got an adress

[craggy field]

So you are trying to stake the wrong token :/

SLP = sushi Liquidity Pool
Which you get from providing equal amounts of Eth and ILV to the sushi liquidity pool.

Go to sushi app, add a similar Dollar value in Eth and ILV to the pool (top left) and you will get X tokens.

[feral junco]

Do you have a tutorial film ?

[craggy field]

Véry old so dunno the accuracy but
#🥩〕staking message

[craggy field]

Also do note that staking yield rewards end in ~ 8 months. So be aware of that when you stake.
Maybe wait a few days/couple weeks as the topic of the yield decreasing and SLP incentive decreasing is on the radar. we may see a proposal addressing this somewhat soon.

https://docs.google.com/document/d/1pVVplbvQYz-OTstXcrdFiN5k-fN-NSJ8myFIpH17ysk/

[feral junco]

now i did 10 dollar un eth and 10 dollar on shushi liquidity, now i need a token address to fix the spl in my MM , where can i find it? on coingecko is only the other slp address to import to the MM

[cyan rampart]

It's in this post: #🔗〕helpful-links message

0x6a091a3406e0073c3cd6340122143009adac0eda

[feral junco]

when i copy and past this adress in my metamask, it doesnt recognize......???

[cyan rampart]

You can use the "Custom token" tab, it should work alright

[feral junco]

where can i find this tab? in metamask?

OMG i found it

[loud marsh]

so theres around 10 month Staking emissions left, then it will stop and we reach the max CS right?

[gloomy gazelle]

Yield farming emissions will stop. But the supply will still increase as the rewards are claimed. And as the in game rewards are distributed.

There’s not a timeframe for ingame rewards distribution

[loud marsh]

What’s the Max supply on sILV2 it’s the in game rewards right?
ILV has to be claimed as SILV or converted so the max supply of 9,63M for ILV is for both tokens?
Current C supply is 7,8M, there’s about 300k more for staking rewards to be emitted

[gloomy gazelle]

The in game rewards have already been minted. They are ILV tokens.
sILV2 is only ever minted when yield farming rewards are claimed as sILV2 and not as ILV (that gets vested). ILV cannot actually be converted to sILV2.

⤵️

[worthy lark]

Claiming Rewards

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

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

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

[gloomy gazelle]

I’d say that the Max supply of sILV2 is irrelevant.

Originally the max supply of ILV was 10m. But some of the yield farming rewards have already been claimed as sILV2. So the maximum possible supply is lower than 10m.

7.85m ILV have been minted. However, that does not mean there are that many tokens circulating.

I don’t think I understand exactly what you are asking about. Let me know if you were wanting other info.

[loud marsh]

No thats all good, I was just making sure there arent going to be more than 10m tokens in total, thanks

[full sedge]

Hey guys what’s the current APY for Ilv/eth pool atm?

[faint shale]

guys how is the treasury load looks like atm?
When can we calculate with the rewdis to start? (I know the treasure has to be filled before thats ok).
So do we have exact numbers x/y how the progress is going?

[steady trellis]

Treasury have 11.4 months runway, 14.9 months counting all the safety available.
Monthy average expenses is at $1,258,441 so the revenue needed to sustain Illuvium with current ILV staked is $6,369,968.
Expenses reduced and are more stable lately, if this maintain, we will save a month of runway.

Current revenues are $75,402 monthly.

Means another 7.8 months to fill the safety at current rate, then after we will have revdis.
Revids would then be $0.0122 per ILV per month with the current 6,157,764 ILV staked.

Those are current facts and numbers.

But we may get more revenues:

• A year and a half ago Kieran said "the seed unlock won't matter because there will be so many revenues streams".
• A year ago Kieran announced revenues coming "faster than we think".

Those are hints about what's to come.

😐

[feral junco]

Thank you for your help, i continue in the morning😁

It works, where can i see the value of slp token?

[cyan rampart]

I use Zerion, but there are quite a few places you can check SLP price.

[feral junco]

Thank you 4 all, you are the best😎 👍 🥂 🌴

[full sedge]

Anyone know?

[ember ginkgo]

You can see yourself on the website

[full sedge]

Great thanks 😊

[swift belfry]

Real APY is something like 20% I believe, but don’t take my word for it.

[gloomy gazelle]

That's because the amount of rewards being distributed is decreased by 3% each week.

[noble osprey]

0.0122$ monthly per staked ILV it's like a joke ; p

[steady trellis]

Well there is the safety fund to fill first, so it's 8 months of waiting first at this rythm

[noble osprey]

now we only earn from lands and illuvitars trades, yes?

[steady trellis]

illuvitars sales is 99% of the revenues i'd say, but no way i chart that datas

[noble osprey]

what about fees from land trades? is it not revenue for distribution?

[gloomy gazelle]

It is

[noble osprey]

what were the results of our expanses/revenue like 1-2 months ago?

I want to compare it with the current results

[noble osprey]

hmm?

[broken oriole]

Where can I find when the SLP staking will end?

[broken oriole]

Just wondering when I will have to sell my SLP to buy ILV and re-stake?

[cyan rampart]

SLP staking doesn't end, the yield farm program does though, in June of 2024. This basically just means that there won't be yield rewards being emitted anymore, but you CAN continue to stake SLP tokens after that, and the ILV component of those SLP tokens will still be eligible for revenue distribution.

[gloomy gazelle]

I’m not quite sure what info you are looking for. But the burn report covering august might be useful. #💰〕token message other burn reports are pinned in #💰〕token

[broken oriole]

Oh ok, that makes sense, just checking when i should convert my SLP into ILV for better RevDis. I think if the ILV price runs away from ETH price, might need to switch, so less loss, unless I’m missing something. Thanks for the info.

[wheat sky]

Hi. Is the staking for ILV and ILV/ETH pool stopped? I can’t see any last night.

[candid kettle]

the stake is still working, if the APY is zero, clear your browser cache

[wheat sky]

Cool thanks

[formal cave]

How do I upgrade my ilv1 staking to ilv2? Is it auto upgraded?

[lean shore]

guys I have this still and want to exchange it in a pool but it's everytwhere V2 does that change anything ?

[candid kettle]

https://www.youtube.com/watch?v=rF4jmTGgNdY&ab_channel=Illuvium

[candid kettle]

You can make the withdrawal normally; the fact that it's on V1 doesn't change anything

[vocal spire]

Hey guys what’s the current APY for ILV staking please ?

[gloomy gazelle]

Once you withdraw the SLP then you do this stuff to get ILV and eth back. #🥩〕staking message

[gloomy gazelle]

You can always see the Apr on the staking webpage. Unless you need to clear your browser cache. https://staking.illuvium.io/staking

[west tartan]

it's been a while @rocky lily - you have the contract?

[gloomy gazelle]

It’s the staking contract. So it’s one of the addresses with a lot of ILV. The one you made your deposit into.
The DETAILS button when staking provides a link to the contract.

ILV only pool. https://etherscan.io/address/0x7f5f854FfB6b7701540a00C69c4AB2De2B34291D

Eth/ILV https://etherscan.io/address/0xe98477bDc16126bB0877c6e3882e3Edd72571Cc2

[hybrid marten]

Can anyone tell me if the emails I have been getting telling me to claim sILV2 is legit or scam?

[worthy lark]

DMs are scams

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

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

Support is not provided via DMs

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

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

[cyan rampart]

It's a scam.

[wheat sky]

Hi whats the missing rewards?

I have missing rewards to be claimed is this legit?

[candid kettle]

Rewards that were not counted for a certain period in the stake contract and therefore need to be claimed separately.

Just make sure to claim it through the official link in #🔗〕helpful-links

[wheat sky]

Cool

[wheat sky]

If my ILV staking is complete and I do not remove, will I continue to earn rewards?

[ember ginkgo]

Yes

[dense geode]

Yes

[wheat sky]

even if the vesting period is completed?

[dense geode]

Yes as long as u don't claim them, they will keep yielding.

[gloomy gazelle]

As long as you do not WITHDRAW your tokens.

[glad fjord]

hello team , I wonder Why the user does not have this asset shown on the platform . It shows in the contract

https://etherscan.io/address/0x25121eddf746c884dde4619b573a7b10714e2a36#readContract

Is there any rules ?

This is the address : 0x2079c29be9c8095042edb95f293b5b510203d6ce

[gloomy gazelle]

Claimed/vesting/vested ILV rewards are not minted until withdrawn. I suspect that is what’s tripping you up.

There may also the v1 and and the v2 staking contracts to consider.

[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.

[glad fjord]

So is there a identification in the contract to show it can be stake ?

[gloomy gazelle]

There must be. Zerion and zapper read it somehow.

The team has never given a tutorial on how to use the contract functions directly.

[glad fjord]

i just want to know why it's not shown on https://staking.illuvium.io/vesting?filter=rewards&page=41 here

[gloomy gazelle]

Because you aren’t connected to the staking page using luggis’ wallet.

It only shows your stuff.

Maybe I’m still not understanding what the problem is that you are having.

[glad fjord]

it's ok thanks for your help . I‘ll get back here if I have more questions

[exotic ridge]

0x7f5f854ffb6b7701540a00c69c4ab2de2b34291d 0x25121eddf746c884dde4619b573a7b10714e2a36 Is there any difference between the two contracts?

Users(0x8c2a93fbc188e847eff6ef0d248a2bb654fff869) can check the deposit data in this contract(0x25121eddf746c884dde4619b573a7b10714e2a36). Under what circumstances will the illuvium platform not display it?

[ruby berry]

Hi! Once my staking period is over amg I choose not to withdraw it, does it still earning rewards?

[ember ginkgo]

Yes

[gloomy gazelle]

This pinned message has info… #🥩〕staking message

[gloomy gazelle]

So that’s the ILV v1 contract. Most everyone has properly migrated to the v2 contract. There would be very few people that still have anything held by that v1 contract. Most would be counted by the v2 contract.

[hot lynx]

🐦✅

[gloomy gazelle]

@exotic ridge @glad fjord
You will need to pick an account and have the other one leave the server. Running multiple accounts (Alts) is not allowed. Your message was blocked and you were put on timeout by the bot. I’ve cleared that now though.

If there is a wallet owner that does not know how to see their tokens that should be visible in the staking website ui then they should just contact #❓❓〕support directly so the issue can be resolved.

You asked about v1 contract.
If someone made a v1 deposit and have never withdrawn it then it would still be visible in the v1 contract. But all other tokens (including all rewards earned from any v1 or v2 deposits) are in the v2 contract. The v2 contract reads the v1 contract to properly calculate rewards.

[ruby berry]

How about revdis in the future?

[ember ginkgo]

Yes

[ruby berry]

Thanks

[main copper]

I am hesitant to Claim because of the high gas prices lately.
Is this higher gas prices because of active trading?

[cunning perch]

It could be or probably congestion on ETH. Could be lower during the weekend.

[hexed edge]

Do I have to withdraw and restake to continue earning or can I keep it there and still earn?

[cyan rampart]

You can leave it staked and it will continue to generate rewards.

[hexed edge]

So need to withdraw correct?

[gloomy gazelle]

No need to withdraw.

[hot lynx]

Ever 🐦

[eternal tusk]

hello i need some help

I unstaked My ILV/ETH after the year was up. How do i now unpair the pool

why is it now called SLP?

[pale trellis]

Head back to Sushiswap

[eternal tusk]

can i swap the slp for ETH?

[pale trellis]

Go to pools and remove liquidity.

[pale trellis]

If you remove liquidity you will get both the ETH and ILV portions back. You can obviously swap the ILV to ETH if you decide.

[eternal tusk]

where on sushi swap i got to remove liquidity

when i go pools it doesnt show up

nvm i see it thanks! so much

phew i was almost going to swap it out on uniswap for half the price i would have got

[warm knoll]

Do we have still an ~ accurate sheets that shows daily rewards for SLP till end of staking ? I know @steady trellishad one but dunno if it's still up to date.

k found it : ILV claim and value calculator

arf it doesn't have the SLP rewards like it use to have. Wanted to know how much in average One SLP will yield till the end of the farming

[outer sage]

If my vesting in staking ending i must restaking or rewards continue to accrue until I withdraw?

[warm knoll]

continue to accrue

[sterile smelt]

Let's say revenue is 10mil, to be simplified, assume 5 million token staked, half is 2.0 and half is 1.0.
How much does each of the 2.0 weight token get in revdis?

[hot lynx]

Staking and RevDis here

[hot lynx]

Nfa and not saying I have this right but I can see you are chasing an answer so as a community member just like you. I will try and reply

2.5M stakers get $1.33 each and the other 2.5M stakers get .67 cents each

@sterile smelt imo maybe incorrect

Approx round numbers .00xxx 🐦

[sterile smelt]

Oh wow. Make sense

[dense geode]

in this case, half of the staked tokens get to splt 2/3 of the revdis
lets say revdis is 7.5m for 1 month.
the 2.5m 2.0 weight tokens will count as 5 million, while the 2.5m 1.0 will count as 2.5m.
meaning 5 million will get split to 2.5m tokens with 2.0 and the other 2.5m goes 1 to 1 to 1.0 weight tokens.

[hot lynx]

Thx

[sterile smelt]

Super ilv is basically on the money.

[hot lynx]

Your welcome

[sterile smelt]

Early investors will be awesomely rewarded.

[dense geode]

well yes, it has extreme high potential, it will keep buy pressure high with the monthly buy converting eth to ilv. to buy ilv to give out revdis.
and u get a nice chance to compound your yield into more and more ilv

[dense geode]

it is still very early, staking is losing yield farming in 10 months, but apy is still around 38% last time i checked. and it will automaticly count for revdis if u dont withdraw when it has been locked for the time u selected.

So u only gain if u stake now, u can wait for yield farming to be over, but u will still have to stake to recieve revdis, so its a win win, u can get a 10 month headstart still in my opinion

also keep in mind, when the lock period ends, but u want to leave them in the pool, they will still yield u revdis, but they will be free for u to take them out any time u want.

[sterile smelt]

Yea been staking since ilv was 500+ lol. I'm still in the red

[dense geode]

ah right, haha so u know whatsup then.
ye same, but the yield from my stakes have fixed the losses rly.
in value i have not lost much

and ofc i have been adding on the way down

[sterile smelt]

I added some when ilv was 40-45.

My avg price is down to 120/ilv. Feel good about it. We can do this

[dense geode]

not to bad then, good times ahead

[hot lynx]

All the best to the loyal and early

[cloud silo]

How do I stake my Illuvium safely for RevDis?
Currently i’ve just been holding Illuvium in Binance for the last year.
I know im missing out on alot of gains, so I would like to start staking my tokens. (Its just that my initial investment got hacked, so I really dont like taking large holdings off the exchange)

I got in long before it listed on binance, i staked that amount but i got hacked. Now i’ve been DCA’ing ever since just holding it on the exchange

I have a ledger, would the best option be to transfer it to my ledger and stake it on the website via my ledger?

[gloomy gazelle]

Yes.

Most of us using a ledger use metamask hardware integration to interact with defi/staking contracts.

[plucky prawn]

where do you stake for RevDis

[gloomy gazelle]

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

Either the ILV only pool or the eth/ILV pool. Note that only ILV part of the liquidity provider tokens get the revdis

[gloomy gazelle]

All DMs are scams. I will dm you. No one legitimate will dm you about staking (or about anything really)

[frigid saddle]

depends on your size. The claiming has significant cost

0.002369609 ETH when gas price was 11

[gloomy gazelle]

That’s true. Because the staking is on Mainnet still there are significant gas fees for all the transactions

Using the APY to give yourself at least some idea of how much you can earn as rewards before the yield farming ends can help you decide if it’s worth paying the fees involved with staking

[cloud silo]

Ok thanks

[frigid saddle]

11 is very cheap. i usually claimed with gas around 10, but thats very cheap and not usual when things moving fast

[cloud silo]

Yeah i know, rhats how i got hacked last time

[gloomy gazelle]

Like if you have two ILV you may be able to earn like three dollars in rewards but you’d spend like $20 on gas fees

[cloud silo]

What size is reasonable?

150+ ok?

[gloomy gazelle]

That’s pretty hard to estimate because value depends on token price, and the token price goes up and down.

[frigid saddle]

that would give around 0.016 ILV every day and going down

[cloud silo]

Ok, but regardless it’s better to stake than to just hold the coins in a wallet no?

[gloomy gazelle]

If you weren’t going to want the chance to sell them, then staking them gives you the opportunity at least to get additional Tokens.

[frigid saddle]

if you lock for year. So, depends on how long are you in the project

[cloud silo]

Ok, i’m holding for the long run, so i think i might aswell start staking

[frigid saddle]

If you combined with ETH, you would get more for staking LP

[cloud silo]

Id say 1-3 years, maybe more depends on how things go

[gloomy gazelle]

I would recommend checking this article out before deciding on ILV only or the liquidity provider pool
#🥩〕staking message

It’s an old article, but it has good information

[frigid saddle]

What i saw a whale doing was to claim rewards as sILV2, exchanging for ILV, pairing with ETH to do LP and restaking

[cloud silo]

Thanks, i’ll have a read and decide

[gloomy gazelle]

I suspect not many people have done that loop recently though

[frigid saddle]

I do not remeber if LP give 4 times more or something like that

[frigid saddle]

like APY is 10*, so maibe its 10x

[gloomy gazelle]

Kind of it does.

But that’s only the yield farming and not the revenue distributions.

[frigid saddle]

anyway, i did LP, it has some upside with higher APY and dowside when ILV skyrockets

[gloomy gazelle]

Yeah, you just gotta balance it out and make a decision and accept the results

[frigid saddle]

but having a loth of ETH instead is not the worst thing that can happen in crypto

[valid cedar]

An example: If u staked ILV/ETH @ 42/1300 but then prices are at 250/2600 at the time of unwrapping... there will be an impermanent loss of 12.7% Meaning u will receive less because of the ratio diference. Whereas, if the price change was high but the ratio similar, then there would be little to no IL. But as I understand it, people think ( I as well) that ILV will outperform ETH over the next year. So yahhh... better APY return but need to be careful and make sure those returns are greater than the IL when unstaking. This is how I understand it anyway.

I just unstaked 25% of my SLP and converted the ETH to ILV and restaked at 2.0 weight. Now my ILV staked position is greater than SLP. The rest of my SLP is still locked, so have to see where things are at when unlocked.

[dense geode]

From my understanding its the ILV that changes in numbers to keep 50/50 value towards the eth u have staked in you slp.
only thing that counts is value ilv vs eth. and only thing that changes in the 50/50 ratio is the ilv part, the eth part will stay the same.

[versed coral]

So I have been staking SLP since more than 2 years now. I am also contemplating to unstake them and go full on ILV. In my current situation, is it better for me if ILV skyrockets compared to ETH or what is the most optimal situation to avoid a lot of IL ?

[craggy aurora]

hey, whats 2.0 and whats 1.0?

also where did you get the info on what you just described, are there docs detailing this split anywhere?

[rough jasper]

Full ILV sound logical.

[manic brook]

I'm here wondering the same thing. Of course I wish I did it a week ago when we would have got a higher conversion rate relative to ETH. I don't know the math of choosing more ILV now vs receiving SLP yield for longer.

[gloomy gazelle]

He’s referring to token weight. Weight is increased by locking your stakes for a longer time when you deposit them. I’ll find the best place to read up on how illuvium staking works.

This old tokenomics post covers it and other things. https://illuvium.io/news/9-tokenomics-launchpad-and-reward-details-5894c3b356be

There’s several other articles and even videos pinned in this channel as well.

[short fox]

does anyone know if the vesting page down...? I just went to check and the page was empty even though I can still see my ILV on the dashboard page..

oh sorry, nevermind I just opened it on a different browser and it worked. please disregard.

[woeful oyster]

One message removed from a suspended account.

[regal marten]

Yes, that is correct, staking rewards will stop somewhere in the middle of next year. After that you will only get revenue distribution for your staked SLP, depending on how much ILV tokens are in the position at the time of distribution.

[dense geode]

u dont have to withdraw tho, it will keep yielding if u just let it sit, even when the lock ends.

[woeful oyster]

One message removed from a suspended account.

[woeful oyster]

One message removed from a suspended account.

[regal marten]

yes, but sadly not both 🙂

[inner sentinel]

I staked ilv a long time ago before the hack they went through. Ii was wonder what happened if you didnt mess with it. Is it still jist staking?

[dense geode]

yes, as long as u dont withdraw it will keep yielding

[regal marten]

You mean the silv2 hack? This was not related to staking directly.

[inner sentinel]

Nkt sure which hack but as long as its staking Im happy. I bought this at the start of my crypto journey when the Iamgeorge guy promoted it. I was naive back then lol. Glad to see the game is moving ahead though

[dense geode]

is your stake still going? like can u see it? u have acces to the wallet? there might be a chance u can move it to a new wallet

[inner sentinel]

I have to dust off my metamask. Was just wondering in general

[warm knoll]

well i m not so sure about that.
Since price of ETH change as well the amont you got into a SLP change also

At least in the calculator and in Zerion it does show it like this

[dense geode]

ye u are right

[warm knoll]

I m also struggling to take the decision. Since anyway my SLP is down quite a lot from where i bought it end of the last bull.
The more ILV increase again the less IL i got.
But since ILV can massively pump it does make sens to switch for it (even though i like to keep some ETH as well)

[dense geode]

Ye, ive done the math few months ago, ive decided to keep yielding.
the yield was still outweighing the IL, at that point.
The yield is decent, and i dont mind having some eth instead of ilv.
also one of the deciding factors was that i rather have it yielding but i can withdraw any time i want, instead of locking it up for a year again.

[warm knoll]

Yep was even thinking to keep SLP even after yield end as well (till full bull). It everything goes up again there won't by any IL. Let's say ETH 4k and ilv 500.
Losing more or less half the ILV but at least selling the ETH part will made back the price of the SLP i paid.
Whereas if i sell to ilv everything now i m only depend on IVL to perform (decision decision).
And def agree for the locking part. Even though i can unstack all the yield anytime now

[hexed gull]

Hey guys, I staked a while back and haven't been active here for some time.
Ive been looking around the website and discord and looks like solid progress has been made. I can see the staking timeline is coming to an end, is the game going to be officially launched before then?

[gloomy gazelle]

It may not be earning properly if you never upgraded to v2 contracts. If you connect to the staking page it will tell you if you still need to “upgrade/migrate” to v2.

[gloomy gazelle]

The game should be locked sometime in q1 2024. So yes.

[hexed gull]

Thanks, this is great

[valid cedar]

@rugged ravine Staking apr

[rugged ravine]

the apr can be bigger?

[crystal plover]

No

I mean. It depends on ILV price. This is with todays price

[rugged ravine]

ok sir, what will start this month, marketing of what?

[valid cedar]

The less stakers in SLP the higher the apr. So if ppl get out of SLP and go to ILV the apr increases for SLP.

[valid cedar]

Marketing is already starting as I can see... 'Battle in the Beyond' for one. But soon 'Team Builder' for PVP, then PVP, open beta, Beyond promo partner, esports 2024... and more. Looks like a lot on the horizon from what I can see.

[rugged ravine]

what are esports sir?

[valid cedar]

competetive spectated gameplay via PVP

[cyan rampart]

The APR in the SLP can go up even when the number of people in the pool hasn't decreased.

Assets are SLP tokens, which change price at a different rate than ILV tokens, which are the yield.

If ILV increases in price more than ETH increases in price, the yield is getting proportionally more valuable than the assets being provided to get the yield. Another way to think about it is that SLP token's value can be "held back" by the ETH component of those tokens.

Notably, the number of tokens an SLP staker receives as rewards hasn't risen, but the value of those tokens has.

[valid cedar]

ahhh, got it. Makes sense, tyy

[cyan rampart]

@misty karma It is staking related, so I'll pull us over here.

Quick TL;DR on options, there are probably more than this, and some aren't as viable right now (ex. Treasury providing liquidity), but could be considered in the future.

#🥩〕staking message

One that isn't on there, which might not be a complete solution on its' own, would be a 1% fee pool on Uni.

Right now, if it were solely up to me, I think a solution could be:

SLP receives revdis on the value of their entire SLP position (not just the ILV component)
1% fee pool on Uniswap (incl, making this pool eligible for our staking program)

I also just want to shout out that distributing ETH directly can serve as a backstop protection if liquidity does dry up. If we're ever in a situation where we have too much ETH and aren't able to buy ILV, we have many options available to us, including providing liquidity with the Treasury or sending the ETH out to stakers directly. "Too much ETH" isn't something we should view as a major problem, because it inherently opens up options.

This is primarily looking at revdis and vault buy implications - Supporting larger individual and institutional buyers ability to make trades isn't covered at all by ETH distributions.

[misty karma]

Yeah I hate the vault providing lp. If anything I think tokemak is the best idea. I don’t like eth as revdis since that gets rid of a major point on the token and realistically that should be the last resort even after vault lp. Tokemak seems to have the least downsides and I’m pretty bullish on their project in general. I do like your slp full revdis idea as well since that would solve one of the major issues. So I think either tokemak or that would hopefully work. Especially since you can’t over compensate slp and those would be pretty fair

[cyan rampart]

Yeah Tokemak is definitely interesting - The only major downside is having to provide a chunk of tokens to them to get started, and then (IIRC, I should review their structure again), it costs some amount to direct liquidity to pool, which would also be a fixed cost for the treasury.

I've also trended more towards solutions that don't change the baseline tokenomics over time - There was some additional value in ILV distributions that I hadn't accounted for when I first cooked that list up.

[misty karma]

That’s true but that payment may be worth it to avoid much larger issues. I’m 100% against any changes to the tokenomics so I’m with you there. I think if we change the tokenomics the token will lose too much value. At least if we do so before sec cracks down on revdis lol. I’d wonder how long tokemak would take to spin up for us or really any of these solutions. If we run out in June do we need 3-4 months to start one of these. If so then this epoch we should determine a solution and start it

[wicked flicker]

Hey my staking time 12 month is now over

If i dont Put the Balance Out i still get rewards an ITS in the staking pool

[dense geode]

dont know what ITS is. But yes as long as u dont withdraw your stake, it will keep yielding even after lock time is over.

[wicked flicker]

Yeah thats nice

[lucid sedge]

can i stake ILV without impermanent loss?

[cyan rampart]

An ILV only staking deposit doesn't experience impermanent loss (IL) at all. Only liquidity positions experience IL, as a result of the changing composition of a liquidity token. The only way a LP position can experience NO IL is if the two assets (ETH and ILV in this case) don't diverge in relative price at all. That scenario basically doesn't exist in reality, so you're looking at mostly how MUCH IL you will experience when you're talking about managing IL.

[lucid sedge]

So if I stake only ILV there is no IL

[cyan rampart]

Correct, there's no IL with a single asset staking deposit.

There's quite a few good videos and other resources that discuss IL and what it is, could be worth some more investigation if you're interested in this kind of thing.

[crude zenith]

For staking on ETH/ILV, lets say Im staking 1ETH/29ILV, do I get the APR on 29ILV or 58ILV given I have around 58ILV in value staked.
Also lets say Im staked for 12 months and now ILV went up much higher vs ETH did. now at that time if I were to swap ETH to ILV, I wouldnt havee 58ILVs anymore. so at that time how much ILV am I getting my APR on?
-ex I still have by 29ILV, and 1 ETH now by only 4 ILV, so I will get 33ILV worth of APR?

[cyan rampart]

The APR displayed is based on the value of the total position (ILV + ETH).

If you were staking SLP for 12 months, and during that time ILV went might higher than ETH (say, for this example, ILV did a 5x and ETH did a 2x), when you went to change your SLP tokens back into ILV + ETH, you'd be getting proportionally more ETH back than you'd originally put in, and proportionally less ILV than you'd put in.

Some of your follow up questions were based around the idea of only getting yield on the ILV component - That is not the case, so those questions don't apply.

However, revdis is based on the ILV component of an SLP position, so that would change over time in the scenario where ILV is increasing in price by more than ETH is.

It's important to know that the APR displayed is a derived number - In practice, a fixed number of ILV tokens are allocated as yield, and are distributed among stakers in the SLP pool. As the pool size changes, or the ILV price changes, the APR will absolutely vary, sometimes by a lot, but the number of tokens being distributed within a staking epoch does not.

[daring gale]

Hey guys I still have ILV in a V1 Vesting pool. With some rewards to claim in rewards.
Should I withdraw it (it is unlocked) and restake it? Is it still earning rewards, just at a lower rate than V2?

[gloomy gazelle]

Tokens in v1 or v2 does not impact the rate of APR. What changes the APR is the token weight… how long it was locked for when deposited.

You do not need to withdraw it. It will keep earning until you withdraw it

[daring gale]

12months i believe! thanks!

[opal furnace]

Awesome, I was just about to ask the same question

[hushed hedge]

is it worth staking in the slp pool now? I just bought more ilv and wondering if I should stake in ilv or slp pool

[fading bay]

Now that locking period is finished, I’d like to un stake my SLP tokens: once I get back it on my wallet, how can I convert it to eth/ilv? Is there a guide?

[candid kettle]

#🥩〕staking message

[quasi oyster]

Is there gonna be any eth/ilv pool after the staking ? Any incentive after the <<main staking>>?

[plucky prawn]

at which rate are unlocking happening ?

[candid kettle]

#💰〕token message

[candid kettle]

After the rewards pool for SLP tokens is depleted, only the benefit of earning fees from transactions on the DEX will remain.

[feral junco]

GM can you send the link please , i dont want to get a scam address

[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]

Are you trying to find Zerion? Or the SLP contract?

zerion.io is the real thing.

[worthy lark]

Token Address

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

[cold lava]

hi guys, does anyone know if the team is working on a cheaper way to claim rev-dis-rewards and "missing rewards"? maybe in form of a combined transaction? otherwise it is not economical to claim those rewards (due to the fact that gas fees would eat up the rewards)

[gloomy gazelle]

That’s as cheap as it gets. I’d recommend doing those transactions on the weekend. It will be like 25% as expensive as it is now.

[cold lava]

thank you mate. i will let the rewards compound than for some years 😉

[gloomy gazelle]

Well… if they aren’t claimed they aren’t going to be compounding. But yeah. It will have to wait for most of us.

[cold lava]

that is what i meant, i guess there will be some more rewards distributed

[gloomy gazelle]

For sure. Eventually.

[modern mica]

how much is 1 SLP?

[candid kettle]

Something around 750, just put the SLP token contract #🔗〕helpful-links in the Zerion app, and you can see the price variation

[vale plume]

Guys, are sILV used for in game purchases?

[gloomy gazelle]

sILV2. Yes.

[fading bay]

@gloomy gazelle did u just ask me a friend request?

[gloomy gazelle]

Never

[fading bay]

I immagine that… I’m going to report a scammer😉

[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.

[rancid laurel]

Where are ILV/ETH LP #SUSHI rewards on SushiSwap going?

[cyan rampart]

Sushi rewards are given out for staking in Sushi's staking program. Most people are providing liquidity through Sushi, but are using Illuvium's staking program. That doesn't generate any Sushi rewards.

For a while, the DAO was providing liquidity, and that liquidity WAS staked in the Sushi staking program. Those Sushi rewards are still in the Treasury wallet.

[rancid laurel]

get it

[orchid cypress]

Guys, I pulled some of my LP tokens but I can't for the life of me remember which platform it was originally staked on like a year ago..

[gloomy gazelle]

#🥩〕staking message

[orchid cypress]

perfect thanks, was looking at 1inch... realized I had 200$ worth of free token to claim 😄

[faint shale]

Guys, short question?
What will happen when all ILV is in circulation, in what we will recieve RevDis? (eth or USDT or what will be the currency?)

[cyan rampart]

Revdis is received as ILV. ETH generated through gameplay is used to buy ILV off the market. That ILV is then distrbuted among ILV stakers.

[faint shale]

In theory,
All of us keep our coins and nothing to buy off market,
What we will recieve as RevDis?

[cyan rampart]

IF there were absolutely no liquidity, another solution would be needed for revdis. If that ever comes up, it seems likely that ETH distribution would be a reasonable answer, but that bridge would be crossed if or when we got to it, and would require a proposal to be passed.

[faint shale]

reasonable.
ty for your reply 🙂

[cyan rampart]

No worries! I think a more likely scenario is just that there could be insufficient liquidity to handle vault buys, and this is something that's actively being discussed to make sure we have plans in place for if that scenario ever arises.

[ember ginkgo]

If there was no ILV on the market, 1 ILV would be like $100,000,000
You can always buy 0.00001 ILV if needed
What i'm trying to say is, there will always be ILV

[turbid relic]

You're right, if there was potentially insufficient liquidity for vault buys, that would be insanely bullish for token price and I think would bring a lot more sellers into the market anyway

[gloomy gazelle]

It would not be beneficial to stakers for revdis to make swaps that swung the price too wildly. But without enough incentive to provide liquidity there’s the possibility that there won’t be enough liquidity to prevent that volatility that would get exploited by bots.

The hope is that the increased trading volume IS provides enough incentive.

[cyan rampart]

Agreed, it's mostly about where the equilibrium point is for trading fees and how much volume we're doing, and whether that equilibrium point is above the point where vault buys create too much volatility for ILV stakers to benefit as compared to bots trading that volatility.

[craggy slate]

whats the APR for staking

I see 0%

[gloomy gazelle]

Clear your browser cache and it will display correctly.

[craggy slate]

ok, let me try

thanks! it worked .. how do I create SLP?

also, if I put 10k worth of ILV and 10k worth of ETH ... is the 47% APR on 20k? I understand this can change, just want to know if I understand this righ

[gloomy gazelle]

Yeah.

[gloomy gazelle]

Check the pins in here. There’s a few posts that cover it in different formats (videos, articles, posts)

[elder lion]

I have been gone for a year and a half. I have ILV/ETH staked, and I'm getting a message I should upgrade to V2 of staking. However, I'm still getting yield every day, so how can I tell if I'm in V1 or V2?

[turbid anvil]

hey guys, is this information of vesting accurate ht.tps://token.unlocks.app/illuvium

[gloomy gazelle]

If you have not upgraded to v2 then it will tell you to do that. But you can also check the vesting tab. Look for items that say v1. See the article below for details.
https://illuvium.io/news/43-how-to-stake-ilv-eth-on-illuvium-staking-v2

[gloomy gazelle]

I feel like there’s something a little off about it.

[turbid anvil]

that is what why i was confirming here with you guys, is there a better and reliable resource?

[gloomy gazelle]

Yeah. The illuvium website has some information.

https://staking.illuvium.io/

The whitepaper link has some info too

[gloomy gazelle]

The untracked part is the part that is a little confusing. But otherwise it’s actually pretty good. I think @worn turtle worked with them to get good data.

[turbid anvil]

i didn't get it either, what do they mean by it?

[worn turtle]

Yeah I gave them all the neccessary contracts they requested but as for checking the exact accuracy I didn't verify it all myself.

[turbid anvil]

i think they are tracking only 6.4M tokens are leaving the rest behind

the remaining ones aren't included in the chart they are demonstrating

[gloomy gazelle]

Yeah they have the seed/team unlock amount but not the yield farming (which is not much left anymore anyways)

But this chart from the updated illuvium whitepaper also leaves out the treasury and in game rewards.

[turbid anvil]

that's odd

what amount of tokens are now left for circulation? any idea about the daily/weekly inflation information

this isn't helpful either h.ttps://www.coingecko.com/en/coins/illuvium/tokenomics

[steady trellis]

Don’t stress

We there mate

#💰〕token message

[obsidian peak]

If I stake ILV/ETH, if one of the two tokens decreases or increases, will it affect the number of tokens I am staking?

I'm not familiar with LP stakes,

[gloomy gazelle]

Not the number of SLP tokens. But it will change the number of ILV tokens (that are contained by those SLP)

[gloomy gazelle]

I’d say read this. #🥩〕staking message

[obsidian peak]

tks sir

[turbid anvil]

can you share me the link to the resource?

[steady trellis]

Well..

I’m the resource. So you can trust this.

Or you have to deal with all the contracts from the blockchain and understand what’s happened during the 3years of the project.

[turbid anvil]

that is one way to put things, hehe

can you give me the amount of tokens that is currently circulating (the actual data) and the inflation rate of ILV tokens too

[gloomy gazelle]

It’s on the chart

[turbid anvil]

chart? which one?

[gloomy gazelle]

#💰〕token message

What lelahel linked to

[steady trellis]

I’m lost now Peli 😐

[turbid anvil]

these were big ranges so i wanted to know what the accurate information is as of now

if it is not possible to get it then that's alright, just was curious

[steady trellis]

Extrapolate from the chart will be easier

[gloomy gazelle]

I guess Ab wants numbers. Not pictures.

[turbid anvil]

is it possible to create this in a google sheet and maybe share it?

[gloomy gazelle]

Oh that is possible.

[turbid anvil]

yeah, if the representation is an accurate one then i would love to get the accurate number

[steady trellis]

Ahahah Peli asking me for month to bring that back

[gloomy gazelle]

I do have an old version. But it’s not got updated data. So womp womp

[steady trellis]

Will check when I can find some time

[turbid anvil]

that would be great

[gloomy gazelle]

The reality is we could probably identify the few unlock streams and get the data without too much difficulty

There’s not that many.

[turbid anvil]

is it possible to @ me when this is done?

thanks guys!

[steady trellis]

Dune query is always available though

[gloomy gazelle]

And they are pretty slow trickles.

[steady trellis]

It’ll give you almost everything you need

[loud marsh]

Damn, the staking rewards went up, what a nice day

[steady trellis]

Price goes up = APY goes up

[loud marsh]

Noice, great to know, thanks!

https://tenor.com/view/ultimate-mega-legendary-uno-reverse-mega-card-uno-reverse-gif-26050192

[gloomy gazelle]

This one? Or a combination?

[steady trellis]

Yep this one

[gloomy gazelle]

For some reason dune does not like my login information. So I can’t find my saved pages.

Maybe it’s because I’m usually looking on Mobile. 🤷

[steady trellis]

Can’t help you on that buddy. Maybe you connected with your ethereum address ?

[gloomy gazelle]

Goodness. How many lines did you write?!?

[steady trellis]

Well that why when people don’t trust my data and want me to explain, I usually tell them good luck finding by yourself, really don’t want to go into full explanation of everything lol

There is also like 5 or 6 contract in the same query so no, won’t explain lol

There are a few comments to help though

The other query is about the missing rewards total @gloomy gazelle

[gloomy gazelle]

I could export the csv into the older google sheet to update the data. Would be something. If not as pretty.

[gloomy gazelle]

Saw that. Does it keep a running count? Minus what has been claimed as missing?

[steady trellis]

There is no way to know the total (at least from what I saw) so this is the cumulated claimed

I think it was 175k total that Aaron talked about though

[gloomy gazelle]

Makes sense. Thanks.

[hazy token]

Nice to see the APY for SLP going up

[gloomy gazelle]

People unstaking and the value of the rewards compared to the deposits is going up (impermanent loss…)

[hazy token]

Yeah. I have been in the SLP since the start and figure I'll ride it through to the end. Let's see if an increase in APY as people leave will make up for the IL

[gloomy gazelle]

I keep forgetting to use tools like apy.vision
It doesn’t consider the ILV rewards. But helps quantify IL.

[regal marten]

It's great! I used to be able to see daily fees too, but now they are all zero, do you have this too? It's under Protocol Gains -> Fees.

[sharp falcon]

im in the same boat but there is no upgrade button?

[sharp falcon]

did you figure out what to do?

[full sedge]

Guys if I’m entirely in SLP Pool, would it be better to keep staking if ILV keeps pumping? As the APY will be higher? Or is it wiser to convert it all to ILV and forget the staking

[worthy pond]

hi folks

i have a question about staking

I staked some ILV and ILV-ETH LP I believe more than 1 year ago, in the staking V1 module, with maxxed lock. Now everything is unlocked - Question: do I still get the same locking multiplier? I intend to continue staked, do i need to do anything?

@gloomy gazelle good to see that you are still here hahah

[cyan rampart]

If there's no upgrade button, you've already upgraded. A popup will show up every time you clear your browser cache, but that doesn't mean you still need to upgrade.

[cyan rampart]

You can leave it, you will retain the same multiplier you have (2.0 weight for a 12 month lock period). If the deposits are in V1, it's cheaper to claim rewards if you unstake and relock in V2, but it may not be worth it if you're claiming infrequently.

That's the main difference with V2 - Rewards claims are cheaper, especially if you have many smaller deposits and are claiming frequently.

[cyan rampart]

It depends on a lot of factors.

The relative value of ILV/ETH when you staked will determine how much IL you experience. If the recent increase in ILV price is bringing those two values closer to what they were when you staked, there could be some benefit in waiting to remove your liquidity.

The number of tokens emitted as yield will continue to decrease, but when the price of ILV goes up, so does the APR for the ILV/ETH pool. This is in spite of the actual number of ILV you receive decreasing every 2 weeks.

It also depends on revdis - How much it is, and how soon it starts will change the equation of whether staking SLP, ILV, or not at all is best for you.

[full sedge]

That sure is a lot of factors to take in, are there any IL calculators online? Let’s say my main goal is to maximize my ILV tokens when I convert out of SLP, when would the best time be?

[cyan rampart]

The theoretical best time (to minimize IL, not necessarily to maximize ILV tokens) would be when the ratio of ILV and ETH is the same as when you provided liquidity. In practice, that's super difficult to time, if it even occurs. There are loads of IL calcs online, there's a simple one in the pinned messages (#🥩〕staking message)

[full sedge]

I staked some when ILV = $250 and ETH = $2500 so when would the approx best time be in current situation of the prices

[cyan rampart]

Any values that maintain that 10:1 ratio would be approximately best, just from an IL perspective.

Ex. $125:$1250

[full sedge]

Okay got it!

Also what about this scenario, what if I wanted to maximize ILV tokens. And I predict that ILV will reach $200 and continue to outperform ETH, when would be the best time to get out of the SLP pool? APY and IL couldn’t make up the gain in ILV tokens could it?

[cyan rampart]

I honestly can't estimate that for you - There's a lot of moving parts, and I'm not comfortable giving financial advice. If you're bullish on ILV, holding more ILV would be a reasonable thing to do.

IL from the values you mentioned to the prices now is only like 8.5% - That's not major in contrast to what your predictions for ILV are. You will have to decide for yourself though.

[full sedge]

Would i have gained more ILV tokens compared to now if I converted out of SLP a few weeks ago when ILV was around $40?

And of course, no advice taken and appreciate you sharing your knowledge

[dense geode]

U would have, but for me SLP will still yield more then I can realistically lose in IL

Unless ilv goes to 1k and Eth stays at 2

[full sedge]

So if I’m in SLP at 10:1 ratio, it’ll yield me more ILV tokens compared to if ILV was to reach a price of ?

[dense geode]

Idk, I think in the end it wont matter much and it's personal preference.
I just made the choice to let it yield. The more people pull out there slp, the more the remaining slp will yield.
And since the vesting is done on it, I rather keep it liquid then locking it again.

[full sedge]

Yeah that’s interesting, I’m pretty much gonna let it yield, it’s seems to be the least user input, which is good for my situation. Trading is stressful

But what happens when the SLP pool is fully depleted, should definitely take out SLP at that point?

[dense flare]

only the ILV portion will be earning revdis, and since you arent earning rewards anymore, that would make the most sense. NFA

[versed coral]

Anyone knows the ratio of ILV and ETH in SLP when it was at the ATH in November 2021?

[candid kettle]

You can place the SLP token contract #🔗〕helpful-links on the Zerion app. It displays the complete price history and proportions of the token there.

[versed coral]

I know about zerion but wasn’t aware it had the price history with proportions too. Thanks

[gloomy gazelle]

If the article all about upgrading to v2 does not help enough then you should contact #❓❓〕support

[worthy pond]

thanks!

[icy sorrel]

Hi all, apologies upfront, if this turns out to be something stupid. About 1,5 year ago I staked ILV on the Illuvium.io site, and I went back to have a look, but somehow I do see rewards I can claim, but I dont see my initial staked ILV. What am I missing?

[ember ginkgo]

Check vesting tab

[icy sorrel]

Thanks Betty. I did a few times already, but it says I have no vests.

And I tried the possible filters

[gloomy gazelle]

You should check your transaction history on etherscan.

Maybe something you did that you forgot.

[icy sorrel]

Will do, but wanted to make sure first if it isn't a known glitch in the staking and vesting site. As I can't recall doing anything with my ILV after the initial staking.

Is it possible, that if the staking period was ended, the ILV was sent automatically back to my metamask for example?

[gloomy gazelle]

No

Withdrawals are done manually.

[icy sorrel]

Ok, thanks.

[glass pilot]

Hi guys, I see the staking of ILV and SLP dont show staking interest rate anymore, is staking any good now? Have to stake for rev dis? Thanks

[cyan rampart]

Try clearing your browser cache and reloading the page, you should be able to see the APR. You do have to stake to be eligible for revdis, that's correct.

[glass pilot]

Ahh ok thanks

[dense geode]

damn slp rewards are creeping up

[dense flare]

i knowwwww, its tough for me.. my IL is at .02% but REWARDS

[dense geode]

Ye fair, im just gonna let it yield till the end, i dont mind holding eth and vestings have all finished. so im free to withdraw whenever i want.

[regal marten]

Rewards and sushi trading fees! Also 10 percent apy on busy days.

[gloomy gazelle]

Xastor!

[regal marten]

Well hi! ☺️

[gloomy gazelle]

I don’t think I’ll ever actually take the time to learn dune.

[regal marten]

hehe, when I see you here responding all the time, all is forgiven.. 😉

[gloomy gazelle]

Did you see lelahels 500+ lines?

[cyan rampart]

Amen lol, I set up the most basic query about a year ago, it took me WAY longer than it should have

[gloomy gazelle]

https://tenor.com/view/keanu-reeves-thank-you-gif-18255532

[regal marten]

I know he has one very very long query, is this about that?

[gloomy gazelle]

Yeah.

I might take the csv data and share a copy of his old spreadsheet with the updated data.

[regal marten]

That would be cool! It was (is) a treasure trove.
Could also be the basis of a nice dashboard 🙂

[regal marten]

Yeah, the learning curve is steep when you have not done any SQL before.

[lyric needle]

gotta get the dune study group back together 😛

[regal marten]

Hey b0tch! I've been watching Community in the mean time, I now know what a study group can be! 😂

[gloomy gazelle]

https://tenor.com/view/um-uh-head-scratch-awkward-hmm-gif-7239183

[cyan rampart]

The learning curve made me feel like I hadn't even tied my shoes before haha

[regal marten]

Yeah, it's a mental model you need to get a hang of. A new basic concepts need to be crystal clear like joins, grouping, etc.. after that it's off to the races 🙂

[lyric needle]

yeah getting good with sql seems to be key. did the dune tutorial then was going to go back and learn some sql basics... but didn't

[regal marten]

Life happened 😉 I understand..

Usability of the dashboards also reverted a bit I think since they don't automatically execute queries anymore! I find myself going to the dashboard and seeing that it has not been updated in 4 days or so. I scheduled one update per week of the dashboard using my free credits, but I would need to pay for daily updates 🙂

[raw basin]

just wondring if there is a way to see how much 1 SLP is worth? does it differ from person to person as to what the price of ilv an eth were at the time they staked?

[regal marten]

SLP price is constant for everyone at a single point in time. I'm not sure what determines the price though 🙂
On zerion you can track the actual price: https:// app.zerion.io /tokens/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

[dense geode]

Google zerion ilv/eth slp, the 1st link will give u all the answers u need

[raw basin]

thanks peeps ill check it out

[noble osprey]

damnn, earning more&more again, what a life

[quiet hatch]

What purpose does the liquidity pool provide?

I see here:

• The main function of liquidity is to further decentralise the DAO via dispersal of tokens from the Illuvium Treasury over a 3 year period
• By providing liquidity you are increasing the total liquidity in the pool, which has the positive benefit of lowering the slippage when someone purchases from the Sushi pool.
• https://illuvium.io/staking-faq

From my understanding the liquidity pool is used for revenue distribution?

So what happens when the yield from SLP ends? The incentive to remain in the pool likely won't outmatch that of staking in the ILV pool - so won't all liquidity leave the pool and there will be massive slippage whenever the treasury converts ETH revenue into ILV for distribution?

Thanks!

Edit: Think I roughly found the answer I was looking for here:

• #💰〕token message
• #🥩〕staking message

[dense geode]

SLP just became pretty juicy with the Eth etf!

[steady trellis]

I’m trying to find an issue on my last version. Will share once I’ve corrected that.

[plain thorn]

the SLP already staked still receives the higher current APY/APR correct? You don't need to re-stake SLP in order to get the 50% APY?

[gloomy gazelle]

If you staked at 2x weight then you get the currently displayed apy

[timid plaza]

So if I don't claim my ilv rewards from staking they will stake at x2 weight ?

[gloomy gazelle]

No. If you don’t WITHDRAW your fully vested tokens they will remain staked at the weight they had while still locked.

Unclaimed rewards are PENDING rewards. Pending rewards don’t receive anything. They don’t even count for vILV.

[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.

[broken oriole]

Idea: 💡… what if during the ‘Claim RevDis’ process, there was 2 buttons, the one shown and another option to ‘Claim and Stake RevDis’ (as 1 transaction vs. 2)… reason being: if someone doesn’t want to claim the RevDis and then Stake it (2 ETH transactions)… instead, we could stake the RevDis straight away so only 1 transaction and also more likely to keep the funds inside the ecosystem…

[broken oriole]

Yeah, I was worried about ETH lagging far behind ILV, but today’s price action changed my mind a little.

[gloomy gazelle]

My understanding is that this was considered previously. But was not actually viable or helpful for saving gas.

More complicated transactions have higher limits. Plus they aren’t the same contract.

[broken oriole]

Oh ok, thanks! I was just dreading the ETH gas fees (twice) in the bull for each RevDis…. Oh well.

I guess we’ll be contributing to higher ETH prices to help pump up our SLP price, lol…

[gloomy gazelle]

There are theoretical plans to move staking to layer 2 (maybe imx) with some v3 staking updates sometime after June 2024.

[broken oriole]

I like that. That would also help keep funds inside the ecosystem, vs cashing out each time …. Alrighty, appreciate the info!

[hoary yacht]

Is there any benefit at the moment for land owners ? Does it needs to be staked somehow in order to receive rev dis?

[timid plaza]

Got it thanks

[trail hornet]

If I have v1 illuvium staked from when I deposited it after airdrop, is it still earning?

[gloomy gazelle]

Land is a game asset not a staking asset. #🎮〕illuvium-zero message

[gloomy gazelle]

Do you mean you had preilv? So you got an airdrop?

It will not automatically withdraw. So it would still be deposited. But if you never logged onto the website then you likely need to do the migration/upgrade to v2 contracts to keep earning.

[shy aurora]

@gloomy gazelle the slp stuff I can’t work it out lol. Do you get more eth or Ilv if eth go up or down. How does one slp calculated. It’s 50/50 so do I get 1 slp no matter how much I put in? Eg. 100 dollar worth of eth and 100 Ilv.

[gloomy gazelle]

You would. Or just use Zerion or something like apy.vision

[gloomy gazelle]

The value needed for each SLP token varies with prices. But once you hold the SLP token count does not change. Just the amount of eth/ILV that is in that SLP.

If eth goes up in price faster than ILV does it means that there will be less eth and more ILV in the liquidity pool and therefore less eth and more ILV in the sushi liquidity pool tokens (slp). The opposite is true if ILV goes up in value faster than eth.

[gloomy gazelle]

Reading this may be helpful. #🥩〕staking message

[gloomy gazelle]

Just use this pinned calculator. #🥩〕staking message

[shy aurora]

Deraji removed the page

[gloomy gazelle]

Oh well

[hazy token]

Hey. The APYs on the staking tab are showing 0% this morning, and it was doing that a bit yesterday. Is anyone else having the same problem seeing them?

Upate: it's appeared now 🥲

[raw heart]

after my locked period is up for staking, do i still get the apy and the revdis?

[gentle frost]

Sorry not been here a long time. If we want to withdraw from the vesting page we have check boxes but I cant select more than 1 to withdraw? With the gas prices its not worth it for me if I cant select a few to withdraw. Does everyone have the same problem ?

[cunning perch]

Hey. If your tokens are vested, you should be able to check the boxes of the ones you wanna withdraw and all will happen in one TX

[cunning perch]

As long as you don't withdraw, you will get the APY and RevDis yeah

[gentle frost]

Yeah should be .. but that isn't working anymore .. at least for me

[cunning perch]

What issue are you encountering?

[gentle frost]

Can I DM you because I cant upload a picture here ?

[cunning perch]

Could you please explain what issue you are facing before DMing? Cuz I wanna know if the issue is something to refer you to #❓❓〕support

[gentle frost]

Sure

But I dont know how to explain it otherwise. If I go to staking.illuvium.io , connect my wallet, than go to vesting I see 4 pages. The first 1,5 page is already unlocked so I'm able to withdraw. Right to the withdraw box there are boxes which you can select. But if I select 1 I cant select another box to withdraw in 1 tx

Can you try it for yourself pls @cunning perch to see if it works for you ?

I cant do it neither on pc or phone

[cunning perch]

I actually tried it yesterday and it worked for me. Was able to withdraw 2 in 1 Transaction (didn't withdraw actually when I saw the gas price). Try clearing cache or using another browser, but if it was persistent, try contacting #❓❓〕support to solve the issue and explain in details if there is an actual error

[gentle frost]

When it comes to claiming rewards on the rewards page I can select the 2 boxes to do it in 1 tx too

I'll contact support

Oh I found it

There are deposits and rewards on the same page. You cant combine them. Sorry to bother you @cunning perch

[cunning perch]

Ah, no worries. Glad it worked out 🙂

[ruby berry]

That's only possible with eUtxo type transaction blockchain like Cardano.

[pale stump]

how can i get the silv?

if i have ilv and eth

[craggy field]

sILV is the old and now dead coin. Dont buy that.

SLP is the liquidity token that you get for providing liquidity to the ILV pool on Sushiswap with equal dollar values of ILV and ETH.

sILV2 is the new version of the in-game voucher token that has similar value in-game as ILV has outside of the game. The value of this token on marketplaces tends to be lower as there is limited use for sILV2 at the moment. (Beyond only)
*sILV2 trading is not promoted by Illuvium. Trade at your own risk 🙂

[pale stump]

so how can I stake the ILV/ETH Pool?

[craggy field]

You would go to sushiswap open the app and go to the top left to "provide liquidity".
There you insert ILV and Eth as the two tokens to get SLP tokens for providing liquidity.
(Add custom token to metamask for SLP to see how many you have - address in #🔗〕helpful-links)
Then you go to the Illuvium site and stake the SLP.

Very rough explanation. You could look up videos on how to provide liquidity on sushiswap for sure.

[pale stump]

Thank you!

[stark sandal]

Hi, I want to claim some missing rewards from the discrepancy. If I claim and stake from the Missing Rewards tab, are all of my rewards claimed or just the missing ones?

[dense geode]

Just missing ones

[faint shale]

Guys can u help me?
After staking is unlocks from the 1year, why should i claim and reinvest if until i claim the staking is alive ? I mean why should i lock my funds if i can leave them unclaimed and it still count? Thanks!

[proper hollow]

hey i bought a bunch of ILV - any opinions if I shoudl stake and if yes it what pool?

[cyan rampart]

The main reason would be to be eligible for revenue distribution. You can also leave your initial deposit unlocked and staked, which I think is what most people have done. Note that unclaimed rewards aren't eligible for revdis, and claiming rewards as ILV subjects them to a further 12 month vesting period.

[faint shale]

Ahhh so revdis only for LOCKED get it!

[cyan rampart]

No, revdis for ALL staked ILV tokens.

After a lock period ends, tokens are unlocked, but are still staked. Those tokens are eligible for revdis.

[faint shale]

But they are staked after lock period expires as well, just not claimed. So i turn back to my original point. Why should anybody lock back for another 1year ?

With their original staked amount

[cyan rampart]

Oh no reason to do that, unless your initial lock period was something less than a year and you wanted a 2.0 weight.

[inland maple]

Can I ask something? I can't see any of my staked ILV on vesting what happened?

went away from 2021 of January I just checked it today

[cyan rampart]

Do you have a button to "Upgrade to Staking V2" at the top of the page?

[inland maple]

I don't see any

I got it thanks

[south fable]

Good, people coming back seeing the crypto price movement.

[inland maple]

Hopefully it gets back to it's track back in 2021

[nova marsh]

I still get revdis at 2x weight since my tokens are staked still right

[gloomy gazelle]

If they were staked at 2x weight.

[nova marsh]

Do I look like a fool to you

[gloomy gazelle]

no problem then

[spring plume]

hey team i just read the whitepaper after sleeping on ILV for a l.ong time, i didnt see any mention of sILV? Can you still stake ILV for sILV to earn in game rss or is there a new way that works now with land?

[gloomy gazelle]

⤵️

[worthy lark]

sILV2 Token

sILV2 is a substitute currency that can be gained as yield when staking ILV. In game, it can be used to pay for any fee that otherwise would be paid for with the main currency ETH or Fuel.

While claimed staking rewards in the form of ILV are locked for 12 months, sILV2 offers the opportunity to liquidate your staking rewards immediately. The tradeoff for that is that sILV2 only can be used in-game and does not provide compounding in any form.

[gloomy gazelle]

It’s still a thing

[spring plume]

awesome ty sir!

[slate scroll]

So weight will stay 2 until distribution of ilv is completely done, no need to do anything with our unlocked ilv or eth/ilv?

It would be nice to see new staking system once when we have only revdivs, something like longer locking periods 5years...

[versed coral]

If the majority of SLPs are going to be unstaked and split up to IlV and ETh, what will be the consequence to its price and allocation?

[gloomy gazelle]

Simply removing liquidity will not directly impact price. But less liquidity leads to potentially greater volatility

[fiery spire]

Maybe they convert the ETH into ILV and stake, who knows...

[warm knoll]

We we pull out liquidity the fee we earned is directly added in our ilv/Eth we got back ? Any way we can know how much it earned ?
Curious since staking start how much one slp earned in fees

[gloomy gazelle]

The fees are included in the SLP as a little extra eth and ILV. What you can do is check your wallet’s history on something like apy.vision

[warm knoll]

Thanks will do ! Not on computer right now. Do you know how much could it be ? Like 2$ or more like 50+ ? (Since we have nice volume could be)

[gloomy gazelle]

Their website will let you input your wallet address and it will work on mobile!

I’ll see what I can deduce

Sushi website also gives some analytics. But it counts the entire pool.

#🥩〕staking message

[gloomy gazelle]

Crazy. The current prices and the time of inception for the liquidity pool are remarkably similar.

[native fjord]

Does SLP that has been upgraded to V2 but still shows V1 in Vesting tab still earn rewards?

[native fjord]

Cool. TY!

[quartz haven]

hey guys sorry if this has been asked several times before. I've staked 1.27 LP tokens (ilv/eth) years ago. The staking period is over and it is now eligible to be withdrawn, but it says it still has a weight of 2x. Does that mean its still staked? Is there anything I need to do?

Also, do you get rev dis on the LP token or only on the ILV rewards claimed?

Thanks!

[nova marsh]

Still needs to be staked even if it’s unlocked for 2x weight

I have 43 sitting unlocked that I’m not touching because of the added weight that it gives me for revdis

[quartz haven]

are you sure? because in my Ilv/eth pool im still geting stakign rewards

[quartz haven]

are you referring to LP or ILV tokens?

[nova marsh]

Do you have anything in the pool?

[quartz haven]

well it doesnt show me if i have anythign but I have the initial 1.27 LP tokens that says i can withdraw...but i'm wondering if that is still continued to be staked even though the staking period is over a year ago , and that is how im getting the ilv/eth pool rewards

i never took the LP tokens out and restaked it...i just let it sit there over the last couple of years after the staking ended. Not sure if it was automatically staked while 'unlocked'

[quartz haven]

you're getting the added weight because its 'staked' while unlocked though right?

[quartz haven]

are there more than one form of revdis? i thought its only from staked ilv?

[gloomy gazelle]

Unlocked tokens still earn and are eligible for revdis. Tokens only stop earning when they are withdrawn. The lock up periods only tell you how long you can’t withdraw. Once the lockup period ends you can leave tokens staked and earning for as long as you’d like.

You should see your tokens in the VESTING tab.

The eth/ILV lp tokens are eligible for revdis. But it’s only the ILV half of that token value that will be counted for revdis. Because staked ILV gets revdis. And eth/ILV SLP is composed of eth and ILV.

[quartz haven]

ahh ok that makes a lot of sense , thank you! One last question...for the revdis , are the distributions from the staked ilv as well as the iLV portion of eth/ilv pooled together or are they distributed in separate pools? i only see one pool for the revdis and i have both staked ilv and SLP. Thanks!

[gloomy gazelle]

Revenue has not been distributed for awhile now. So that could be part of why only one pools worth of revdis is showing up.

[quartz haven]

ah i see, ok thank you!

[quartz haven]

sorry one more question, it says the 2.8 out of 3 mil of ilv has been distributed, what happens when all 3 mil is distributed? does staking end? Is there a point in staking anything new ILV for a year?

[gloomy gazelle]

Yield farming ends. But revenue will start being distributed when the games are making revenue. And revdis goes on forever. So staking does not end.

[quartz haven]

ahh ok gotcha. thanks!

[full sedge]

Hey this may be a weird question, with my SLP, that’s staked so the ILV portion will earn revdis. What happens if I convert the ETH portion back to ILV, will the ILV portion of my SLP still gain revdis? Or is that counted as not being staked anymore

[quartz haven]

is there any point in holding slp after yield farming is over instead of converting it to ilv and staking that instead?

[gloomy gazelle]

Maybe. If there’s lots of trading volume then there’s lots of fees kept by the liquidity providers.

But most people seem to be leaning towards ILV only

It’s possible that we will determine that there’s a need to incentivize liquidity providers some how.

[quartz haven]

im kind of a noob when it comes to providing liquidity...you get fees from providing liquidity right? where do you see the fees you accumulated? is that part of the ilv rewards?

[gloomy gazelle]

The fees just become part of the liquidity pool. So the fees are held in the value of the SLP tokens, as more ILV and eth.

[quartz haven]

ohh i see, kk got it. thank you

[gloomy gazelle]

No worries. It’s confusing for almost everyone

[full sedge]

Anyone?

[dense geode]

No there is 2 pools, one for ilv only and one for slp only.
U can not witdraw any of the 2 separate, only the complete SLP token, and u can then swap it back to ilv and eth, and if u want to swap the eth part for ilv, u have to do that yourself, and then restake it in ilv only.

[craggy field]

But if you restake it into the ILV pool, you would then get 2x as much revdis if you lock it up for another year.

-as in you take the ILV, and convert the Eth to ILV for two parts ILV. So you would get 2x as much revdis compared to how much your SLP - ILV part would give you.

[obsidian peak]

If both ILV/ETH tokens increase in price, will it affect the number of staked tokens?

I'm not very familiar with adding LP

[craggy field]

Thats a good question actually 👀 sometimes the SLP tokens indeed hold more ILV and less. I dont know enough about how they want to hand out revdis. But this would mean that you would get less revdis if the price of ILV goes up faster than Eth...
@dense geode second opinion? 😉

[mossy pulsar]

it will permenant loss yes. lp will sell ilv at top and will buy eth... ur eth increase ilv decrease. but your total value of position increase.

[odd wren]

I have ILV staked in the v1 pool since 2021 that has been unlocked for a while. Am I still gathering rewards or do I need to withdraw/restake?

(also - both pools on the staking page show 0% - so is it even worth staking atm)

Thanks gang

[candid kettle]

Restaking is not necessary; the tokens continue to yield returns even after the lock-up period ends. But you should update to the V2 contract if you haven't already; simply clear your browser cache for the correct APY to be displayed.

Also, double-check if you have any missing rewards to claim: https://staking.illuvium.io/rewards/missing

[odd wren]

Awesome, thanks. My missing rewards are less than the cost to claim them - but appreciate the heads up. I'll swap to the V2 contract tomorrow. Also the browser clear/refresh worked a treat. Many thanks.

[full sedge]

Yeah I mean my entire bag is in SLP pool. Okay when it’s staked the ILV portion of my SLP gets revdis. So I’d need to restake if I took it all out

[dense geode]

Yes, the ilv part of your slp gets revdis, if u want your entire position to be getting revdis u have to swap the slp for only ilv and stake it in the ilv pool.

also all rewards you claim will go to vesting for 1 year, and they can then yield revdis aswell. they will be staked in the ilv only pool automaticly when u claim rewards

[still edge]

Do you have to lock your slp tokens for the ETH/ILV pool or can you withdraw whenever you want?

[candid kettle]

The minimum lock is one month; even after unlocking, the stake will continue to yield returns and remain eligible to receive revdis based on the initial weight.

[still edge]

Thx

[wild spindle]

Guys, got a question. I think (not 100% certain) when initially notified, I upgraded to v2 for staking. However, when I look at my "vesting" tab now, I see some deposit annotated with "v1". Screenshot is below. Do I need to do anything, like withdraw and then redeposit, etc? Will I lose 2x weight if I do that? What is the downside of not touching these, etc? Appreciate your guidance and I hope everyone has a great weekend.

[craggy field]

The V1 purely means that they were staked under V1. Dont have to do anything, you are fine 🙂

[wild spindle]

awesome, THANK YOU

[lost dove]

When your vesting period ends, must you re-stake to earn or can you just not claim and leave the ILv untouched?

[ember ginkgo]

You can just leave them untouched

[lost dove]

Ship it. Ty

[burnt bridge]

Is there a problem with vesting I can’t take anything out

[hot lynx]

Need to wait 12mths on 2.0

[burnt bridge]

The 12 months are up it unlocked yesterday but if I try to withdraw it pops the largest error message Iv ever seen, saying can’t estimate gas fee

[candid kettle]

Please submit a ticket to the support team at #❓❓〕support

[cunning perch]

Try manually entering the number of tokens you wanna withdraw. Try to round it up without decimals. So if it's 15.78347875634789, try 15.7 or 15.5

[charred jasper]

does anyone knows why staking rewards are at 0%?

[candid kettle]

It's a UI error, clearing the browser cache will fix it.

[charred jasper]

thanks