🥩〕staking

[charred jasper]

do you know how the value of my slp pool comes together?

[candid kettle]

It's a bit complex to calculate the value of an LP token, but essentially, Automated Market Makers (AMMs) manage these assets to maintain a 50/50 token ratio (in this case). The token price itself varies according to the price of the two tokens at any given time. You can check the price of the SLP token by entering the SLP contract: #🔗〕helpful-links on the Zerion app and track it there.

[turbid relic]

What do you guys think is a reasonable revenue figure for the first 12 months?

[dense geode]

as long as we dont have the game running on the blockchain, i think it will be low, in open beta when we go live on the BC we will have a chance at some decent numbers.

[turbid relic]

Sorry, yes I meant 12 months from the start of open beta. What is your estimate?

[dense geode]

Hmm i dont know, its hard to estimate something with 0 reference.
my wild guess would be anything from 1-5 dollars per token per month

[steady trellis]

600m$

[glacial cradle]

Hi, I staked in Ilv and Ilv/Eth, I withdrew just now, how do I get the tokens out? I checked my wallet and it is not there

[dense geode]

it will be a slp token, wich u have to convert back to ilv/weth

[glacial cradle]

I see. How do I convert back ?

[dense geode]

Sushiswap

[pure eagle]

#🥩〕staking message

[vocal spire]

Hello how much is the staking ?

[trail hornet]

What is Silv2?

[gloomy gazelle]

It’s like a gift card for paying for stuff sold by illuvium (but not illuvium stuff sold by other people)

[trail hornet]

Aah ok. Trying to find where to change from ilv to ilv2

[gloomy gazelle]

?staking

[worthy lark]

Illuvium Staking

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

Here's how to stake your tokens:

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

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

[gloomy gazelle]

You don’t really.

They do different things.

[trail hornet]

Ahh ok. I staked the ilv after I converted it from preilv but just left it staked. Looks like I need to update it so it continues earning

[gloomy gazelle]

I see. That’s a staking contract upgrade. Not token upgrade.

[gloomy gazelle]

#🥩〕staking message this article goes over staking v2. It’s just a couple of transactions and then things are upgraded so the stuff you deposited in v1 can be read by the v2 contracts.

[trail hornet]

Ahh ok

I rember seeing kain post about this project in the synthetix disc a few years back. Nice to see how far it’s come

[gloomy gazelle]

Yeah. Kain’s three brothers are the founders

[wet bear]

Is it autorestake ?

[candid kettle]

Once you claim the rewards, they enter a 12-month lock period, earning during this period and carrying a weight of 2 for revdis. Before the claim, there is no yield for the rewards

[craggy field]

you won't have to withdraw and re-stake. the tokens stay staked for as long as you keep them on there and they will continue to earn yield rewards and Revdis when that is being distributed 🙂

[wet bear]

Thx

[spring plume]

hey team! If i coul

sry for last msg, im having trouble deciding to stake ILv or SLP, are there differences? Thanks!

[rotund fiber]

Is there a way to withdraw my illuvium that is locked in staking in the event of an emergency?

[cyan rampart]

There are differences, yeah.

ILV - Lower APR, no risk of impermanent loss, and revdis for the full value of the deposit.

SLP - Higher APR, risk of impermanent loss, and revdis on 50% of the value of the deposit.

[cyan rampart]

No, staking is handled through contracts on chain, there is no way to unlock a locked position early.

[cyan rampart]

How do you mean? You can stake as much or as little as you'd like, but there are gas fees, so keep that in mind if you're considering staking smaller amounts.

[crystal coral]

Hi guys, I haven't been here in a while but I can't find a lot of my ILV tokens. Any moderators here that could help with that?

[cyan rampart]

Can't find them how? Were they staked, and now they are not staked or in the wallet?

[crystal coral]

It looks like I migrated them but I'm trying to find out to where

[crystal coral]

I'm not really good at tracking funds, any chance I could tell you which wallet was used and you could help me track them?

[cyan rampart]

Sure, I could take a look

[crystal coral]

Thank you so much! 0xD6977C9084c6601750de623B51A59Fbc387caf41

[cyan rampart]

14 days ago, 0x130bfbfd5674466b3aaf4ecd6a2681808177e177 transferred in enough ETH for transactions, they unstaked about 7 ILV, then transferred the ILV out to the same address.

[crystal coral]

So it sounds like I got hacked because I haven't done anything through the bear market that I recall. I don't know how I could get hacked though when I literally have not been doing anything

[cyan rampart]

If you didn't do those transactions, it would definitely appear someone else got access to the wallet somehow.

[lapis holly]

Hello guys need help I created new email and linked my wallet to that email to download illuvium zero but now I forgot email address I want to download illuvium zero again as my laptop is corrupted

Is there any way to find out what is email address as I can’t link same wallet to different email to download illuvium zero again

[crystal coral]

I'm showing I have claimed a total of 55.93 ILV total and 9.12 sILV2 and don't think I have ever sold any so where would all of those be?

[cyan rampart]

Zerion has a better way to visualise what transactions have been done - You can search your wallet address there and see a full list of what's happened.

Use the "History" tab

[crystal coral]

Man this is devastating, I've literally waited all bear market for these tokens to gain value again and now they have been stolen.

[cyan rampart]

That really sucks man 😦 Scammers are the worst

[dense flare]

did you happen to have a hardware wallet?

[crystal coral]

Yea but this was just a 3rd hot wallet I use on metamask and literally only really used it for my Illuvium. No earthly idea how they could have gotten access. Are my other two hot wallets at risk due to this one being hacked?

[cyan rampart]

It really depends how the hacker got access - If they used a keylogger or some other local software to get access, your other hot wallets could be at risk.

[lapis holly]

Hello guys need help I created new email and linked my wallet to that email to download illuvium zero but now I forgot email address I want to download illuvium zero again as my laptop is corrupted

Is there any way to find out what is email address as I can’t link same wallet to different email to download illuvium zero again

[candid kettle]

You've been advised to contact support #❓❓〕support . Please refrain from spamming multiple chats

[lapis holly]

Mate not sure what to do I try pressing support but it keeps sending me to this page and when I press arrow button at the bottom it takes me to different page so not able to goto support

Keep asking me done reading??

[cyan rampart]

Follow the link from the post there and submit a ticket

[brisk surge]

how do i unstake and cash out... i started staking 2 year ago, and then last year I accidently restaked for another year. its been 2 years now and the staking period should be up for me

i messed up a year ago with sushi swap

soooo confusing

theres ilv and silv right

i think i picked the wrong one (also this slowmode is simply unbearable sheesh)

[cyan rampart]

When you claim ILV for your rewards, it gets automatically restaked. If you just want to pull everything, you'll want to claim rewards as sILV2, as they are NOT restaked when you claim them.

[brisk surge]

ok thanks a bunch

[ancient eagle]

Hey team, do we have an updated number of ILV tokens staked as of now for revdis purposes? I am updating my calculator

[gloomy gazelle]

Not that I’ve seen. While I suspect there must be a way to use the revdis contract to get that number I’ve not seen it done. My most recent guess sits around 5-6m ILV eligible for revdis, but I have not counted tokens in a few months.

[knotty heron]

Are V1 staked tokens still all good and going to stay good? There not like a cut off date for needing to withdraw them or anything?

[cunning perch]

If you have upgraded to V2, yea they are good. All V1s must be upgraded to V2. It still shows V1 on the vesting page next to the token logo.

Moving to V2 happened back in March if I remember correctly.

[hushed hedge]

how do we know if we have upgraded? I started staking in the slp pool back in aug 2022. Says weight 2 if that matters

[knotty heron]

I have plenty still as V1, i remember there was a reason i never went to V2, because i would lose my 2x unless i lock for another 12 months perhaps? But i was always told that V1 in vesting is fine and will still receive revdis and nothing will happen to it unless i withdraw or restake as V2?

[cunning perch]

The weight isn't something you lose. It was just a move as in V2 reads your V1 Stakes as if they are staked on V2. You should see a V1 badge next to the stakes if you see the vesting tab.

there is no restakeing when it comes from moving from V1 to V2

When you connect your wallet, if you haven't moved to V2, there should be a button somewhere on the UI (the overview) saying move to V2 (maybe not the same words, but you get the point)

[knotty heron]

Hm okay, i cant remember why i chose not to do it then, thanks, ill look into it

Is there any downside to leaving it as V1?

[gloomy gazelle]

I believe that deposits that are still in the v1 contract lead to slightly higher gas costs to claim rewards. But it’s not very significant. Like you’d probably spend more gas to withdraw and deposit again than the extra you’d spend over two years.

[plucky prawn]

What do we know so far about RevDis timeframe of implementation ?

[steady trellis]

with current revenues ? 1 month

[plucky prawn]

What do you mean ?

[steady trellis]

Well I'm answering your question so I'm not sure what more you want me to say

[craggy field]

Revdis should start back up again when the safety pool is funded (as it's been tested around the landsale and works!). IIP 22 outlines how it would go about being distributed:

snapshot.org/#/ilvgov.eth/proposal/0xefc13db07b40b6376aaf89687d2259ed41d45b2b028ae1e191c46b204bb9b07d

A short explanation would be something like: The treasury makes purchases of at minimum 500 Eth in ILV and distributes that across the stakeholders. So once we hit the 500Eth in revenue after the safety pool is filled (500Eth = 1M$), all stakeholders will get a few cents per token they have locked.

I don't know the exact numbers here of how many ILV tokens are staked but think of it like this:
If you had staked 100 ILV at 2x weight you would probably get very roughly 10-30$ or at current value: ~0.2 ILV per 500 eth purchase. 👍

[plucky prawn]

Thanks a lot!!

[steady trellis]

damn

[craggy field]

accurate or not? 👀 Idk how many tokens are staked xD

[plucky prawn]

Just a question, i have ILV not locked yet and I wanted to wait for RevDis to decide which amount to stake, is it better to stake before a certain deadline (snapshot or something) or not important ?

[steady trellis]

ILV eligible to Revdis 6,014,771

[craggy field]

so 1M / 6M tokens -> ~16 cents per token per purchase of 500 Eth.

[plucky prawn]

what are the condition to be eligible?

[craggy field]

That's up to you. People will probably go ham when the safety pool is finally filled up. By then, you are not too late to decide whether you want to lock your tokens up or not.

ILV has to be locked for a minimum of 1 month to be eligible for Revdis, and for a maximum of 12 months, with 12 months giving you the greatest cut of the revenue.

With numbers: If you lock your ILV up for a month now, you will get a weighting of 1.08 and thereby a certain percentage of the pool. If you lock your tokens for a year, you will have a weight of 2, and thereby almost twice the weight in the pool of tokens. If revenue is distributed, you would therefore get a larger cut.

So then, how long do you want to lock it up for? That's up to you. Do you "believe" or not? and then when do you want to start staking? If you lock the tokens now, they will eventually be unlocked sooner. If you lock up later, you may miss a single distribution, but you will have a better understanding of the adoption that the project may have. Totally up to you. I staked back in 2021. My tokens have since unlocked again but remain ready for Revdis whenever it may happen.

[gloomy gazelle]

Nice. I’ve not tried to get the revdis contract to spit this number out yet. Was it as simple as a single query/read or was is a several over the multiple eligible contracts?

[gloomy gazelle]

To be staked.

[plucky prawn]

oh so you just need to lock 12 month and even if the RevDiv happen after you are good ?

[gloomy gazelle]

Long answer: staked in an eligible pool. For the public that’s either ILV only pool or the eth/ILV pool. For the team/VCs/DAO there are other possible pools.

[craggy field]

yes if you lock for a single month, you would also be good, but you would just get a smaller amount of revenue per revdis payout

Then youd have to unlock and lock for a full year again to get a bigger weight.

[plucky prawn]

where can i see how far we are from the 500 eth and where does the money come from as of today?

[gloomy gazelle]

There’s some wallets pinned in #💰〕token

[craggy field]

well as Lelahel shared in his post in
#💰〕token message

That's how much $ until the safety pool is filled (180K~). after that, you would look at the wallets that @gloomy gazelle shared.
(Hero )

[steady trellis]

I'm doing tha ILV staked vs unstaked inthe different contract + the one in the seed contract

But ideally i'd like a little revdis to be distributed to see if that's correct

[plucky prawn]

okay guys, thks a lot!

[gloomy gazelle]

I think the Tokens that were sold in the recent fundraising might not be eligible for revdis until after their vested

[steady trellis]

Yeah I don't count them

[gloomy gazelle]

https://tenor.com/view/phew-thank-god-oh-my-wow-that-was-close-gif-12276082

[hot lynx]

Great analysis
6M up for staking
50% at 2.0 weight maybe
I can't see more than 7M total getting staked due to CEX and silv and people who want to trade. What do you think 🤔

[tranquil cairn]

How can I check if I staked at 2x weight or not ?

[torn scarab]

is staking a must?

[craggy field]

Staking gives you access to staking yield and revenue distribution (RevDis).
While Revdis is a feature that lays the foundation for the tokenomics of Illuvium, you don't have to stake if you don't want to. The token may still pump or dump based on revenue acquired or community sentiment. It would be just like Ethereum or Bitcoin, but have different underlying mechanics.

(oh and staking also gives power when voting for the Illuvinati elections)

[gloomy gazelle]

The vesting tab

[torn scarab]

if i do staking is it wise to stake half of my ilv or stake it all?

[gloomy gazelle]

No one can know what will happen. The question is, what will you want to be able to do?

If you won’t be selling for more than a year than stake it all for a year. If you might want to sell some then you’ll want to have that much unstaked. Or have it unlock when you may want to be able to sell it.

[torn veldt]

I have tokens that have completed their vesting period and are 2x weighted, do i have to re-stake them to keep receiving rewards or can i just leave them?

[craggy field]

You can just leave them be. No actions needed 👍

[brisk surge]

hi there. what is the site for cashing out your staking?

[gloomy gazelle]

I’m not exactly sure what you want. There’s the staking website. And when you withdraw you get ILV (or eth/ILV if that’s what you deposited). You then sell the ILV or remove your liquidity like this… #🥩〕staking message

[brisk surge]

thank you. im just looking to cash out iv been staking 2 years

[timid stump]

hey guys, just wondering what the cheapest way to restake all this?

cant i post ss in here?

[gloomy gazelle]

Claiming rewards is an important choice. Know your options and the use of each. ⤵️

[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]

Don’t withdraw if you want to be staked. Unlocked tokens keep earning until withdrawn.

[muted zenith]

hello can i drop a screen shot here ?

[ember ginkgo]

You should be able too

[muted zenith]

Question: is it okay to keep my stakes at V1 since its unlocked now and i can withdraw at anytime or ..
Do i have to upgrate to V2 ?
and if so will it be locked again for a year ?

[craggy field]

Short form: You wont have to withdraw and stake again. If your tokens show up on your dashboard you are fine.

Long form: Back in march/april of 2022, there was the upgrade to staking V2. This required you to sign a transaction and allow the V1 contracts to be read through V2 terms. If you did this, you would become eligible for yield farming and revdis again. I assume you already did that.

If you did upgrade back then: The tokens that you staked prior to January 2022 will show up on your dashboard as "V1 stakes" but are still eligible for rewards. Even once they unlock they will continue earning yield rewards and get revdis in the future.

[muted zenith]

Thank you so much for the thorough explanation, Garf!

[pseudo minnow]

So I staked in February last year. After the staking period ends… I can let them staked and get revdis but no ilv for staking right? Or will there be a V3 or something? But I can get my earned ilv for staking without unstaking my ilv?

[craggy field]

If you keep them staked while they are unlocked, you will stay eligible for BOTH revdis and staking rewards.
Just dont withdraw as then you will have to lock it up again for a time 👍

[pseudo minnow]

Awesome 👏🏻 and my earned ilv I can stake too immediately?

[craggy field]

When you claim rewards in ILV, they are immediately locked for 12 months and will function the same way as your stake. Eligible for both, indefinitely.

[Until further notice. We can still create an IIP to change how this works. Silly example: Maybe we want everyone to lock up for 100 years to gain revdis. But if that ever comes up, it will have to pass community sentiment, go through the councils etc]

[steady trellis]

@gloomy gazelle

• added staking rewards
• solve an issue with silv2
• solve an issue with the framework 333k tokens
• got rid of 680 past days because... oh well...

[fiery spire]

Is it me, or zapper.fi removed the pools from their website? I used them in the past to zap into the ILV/ETH pool, to receive the SLP and then stake it. Is there any other alternative?

[dense geode]

Sushi swap

[gloomy gazelle]

#🥩〕staking message

[fiery spire]

Thanks, I know how to do it on SushiSwap. But zapper.fi was easier because I could simply deposit ETH and it would automatically convert half into ILV. If I go through SushiSwap, I need to swap that half ETH myself before.
It was easier to teach my normie friends how to stake in the Illuvium SLP pool.

[gloomy gazelle]

I see. Makes sense.

[fiery spire]

And it would probably save some gas. Because now they have to make two transactions, first swap half ETH, then deposit ILV and ETH into the pool to receive SLP. Before was simply deposit ETH and receive SLP.

[gloomy gazelle]

I guess it’s possible that it would save gas. But not necessarily. The transaction does the same things it’s just more complicated.

[dire isle]

Hi, Where can I find the token contract address for ILV on BSC please?

[surreal mesa]

Any way to calculate what % of total revdis I will receive based on my stake? Main data point I think is needed would be to know total $ value x weight of current staked positions, but not sure how to get that. Then can divide my own position to see % of total staked.

[gloomy gazelle]

You’ll have the check on binance. They make those tokens up themselves. There is not a way to use them for anything related to illuvium.

[gloomy gazelle]

Lelahel determined that there’s around 6m ILV eligible for revdis.

How revdis is distributed is that it is divided between the existing eligible pools and then divided between the weightedILV staked in that pool. It is rather difficult to identify the average weight of all tokens in a pool if they are all different.

[dire isle]

Thanks.. Where can I find or add the contract addresses to Metamask, to show my staked/vesting SLP & staked/versting ILV please?

[gloomy gazelle]

You can’t. You don’t get a token back when you make a deposit.

You simply need to look on the staking website or use a tool like Zerion to read the contract data for you.

[dire isle]

So if my Metamask is showing a balance of ILV, this is ILV that is not currently staked/vesting, is that correct?

[cyan rampart]

Tokens that are in your wallet are not staked, that's correct. When you stake, tokens are locked into a staking contract, and are no longer in your wallet.

[dire isle]

Thanks..

[timid stump]

Yeah I can’t post SS in here. I should work out how to get my Ranger status back.

So… I have multiple ILV stakes finished vesting and 1 SLP stake finished vesting.

How can I put it all back in to the SLP (have enough eth to 1:1 with unlocked ILV tokens) in the last steps / cheapest way?

*least steps

I’ve done it once before ages ago and I cannot remember if I should withdraw the SLP stake with the ILV or not.

[cyan rampart]

Roughly: Withdraw ILV -> Check ILV Value -> Swap 50% to ETH -> Provide Liquidity on Sushi -> Stake SLP tokens

Make sure to save enough ETH for gas as well.

[celest ingot]

Question. Once your rewards are finished their vesting period do they still acrue the APY or do they have to be withdrawn and re staked?

I remember reading that while vesting they still received the APY. I'm just wondering about the post vesting period

[craggy field]

#🥩〕staking message

[celest ingot]

thanks

[autumn marsh]

Anyone can help me to explain this? my wallet is compromised?
My 29 ILV was transferred out 25days ago without me knowing!
https://etherscan.io/address/0x514FC398b81f8cB3E52433fE25F538E9f32A54d1#tokentxns

[lean shore]

Hello Guys how could i swap BNB on the Binance smart chain into ILV to stack them on the website ?

[timid plaza]

You connected your wallet to an airdrop which took all your funds 😂🤣

[candid kettle]

There is no ILV stake on the BSC network; you must withdraw from Binance to the ETH mainnet to be able to stake ILV tokens.

[lean shore]

ok thanks a lot

[gloomy gazelle]

Unless the secret phrase was input somewhere that the airdrop was linking to then it seems unlikely to be related.

[mighty hatch]

how to stake and rule

[autumn marsh]

this airdrop happened 401 days ago, the hack happened 25days ago, they stay dormant like that?

[gloomy gazelle]

If they have your keys they can wait as long as they want

[gloomy gazelle]

#🥩〕staking message not sure about the ruling thing. But that should help you stake

[candid kettle]

The wallet was not connected to the airdrop; this is a token scam airdrop. They only steal from you if you interact with their contract, which was not the case. It's likely that the private key was compromised in some way. The loss was not caused by interacting with a malicious contract.

The transactions were carried out through the MM router, which suggests that the MM seeds may have been compromised

[sly bloom]

hi where is the option to unstake on the site?

i staked for 6 months around a year ago and want to withdraw my original deposit and rewards

[gloomy gazelle]

You would go to the vesting tab.

#🥩〕staking message

[sly bloom]

thank you. when i go to claim the staking reward, i can only claim slIV2 to not lock it up for a year. can i then swap that for ILV?

[gloomy gazelle]

Not at a 1:1 rate. And only because there happens to be a sILV2/eth liquidity pool on uniswap at the moment.

[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.

[obsidian yacht]

I think I had a wallet compromised, trying to migrate wallets, is there anyway around this "Unfortunately wallets with any history of v1 stakes are not eligible" when trying to change wallets on the dashboard site?

[surreal mesa]

Sorry, that makes sense but also doesn't seem accurate any longer? The dashboard page on staking website says there is only about 2.65m~ ILV staked ($211,749,276.19 in ILV and $31m in the ILV/ETH pool), so even if ALL staked positions were at 2x weight, which is unlikely, that's still a maximum of 5.3m ILV eligible for revdis. Unless there is ILV that receives revdis that isn't staked?

[gloomy gazelle]

Weight does not increase the amount of eligibly staked ILV. There are other eligible tokens. There’s the team,vc, DAO treasury.

[rocky lily]

I staked ILV a year ago and it is now unlocked but still shows a "Weight" of 2. Does that mean those unlocked ILV are still eligible for RevDis or do I need to Withdraw and Restake to be eligible for RevDis?

[spare light]

As I understand it, no action is needed

[rocky lily]

nice thanks

[vast yew]

The percentage for Ilv/Eth rewards keep going up but it’s not reflecting in my daily profit. Any thoughts?

[cyan rampart]

The liquidity position is ILV/ETH, but the rewards are all in ILV. When ILV goes up disproportionately to ETH, the value of rewards you're getting is increasing faster than the value of the liquidity position. This results in a higher APR. The actual number of ILV tokens is the same, at least within an epoch.

[cyan rampart]

Unlocked staking deposits and rewards that have finished vesting are still eligible for revdis.

[vast yew]

Gotcha THANKS!!!!!

[timid plaza]

Are pending rewards staking too or I have to claim them and stake it again ?

[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.

[timid plaza]

Oh ok so when I claim the pending rewards, they will be locked for 12 months thanks.

[dense geode]

yes when u claim rewards, they will be locked for 12 months, but they will start yielding rewards aswell.

[gloomy gazelle]

Pending rewards are not staked and are not earning anything. Pending rewards are not eligible for revdis.

[timid plaza]

Got it thanks

[dense fable]

Hi, pls any resource for the RevDis details. The main questions:

• does staking period matter to be eligible / get higher /lower rewards from RevDis?
• both ILV and ILV/ETH pools are elibigle to participate in RevDis?
• do I understand correctly that soon the RevDis will be activated again as the safety pool will be filled

[candid kettle]

Yes, the longer the staking period, the greater the weight for receiving rewards.

Yes, but only ILV is considered for revdis in the calculation of the SLP token.

With the game's launch in Q1, the rewards distribution will commence steadily.

[dense fable]

So even for RevDis the longer period the better rewards?

For the SLP - I see so the ETH in the ILV/ETH doesn´t count, but ILV in ILV/ETH counts right?

[candid kettle]

Correct, with a weight of 1 for the minimum staking period and a weight of 2 for the maximum staking period.

[plain thorn]

@steady trellis are you going to make an updated staking google sheet? love using your doc

[steady trellis]

Yes will do, just need to clean it and al but I’ll have time next week to look into it

[lean prawn]

To confirm: If we claim missing rewards, there’s literally no difference whether we do it now or before the end of the year, correct? (ie. there’s no advantage to holding off from claiming these missing ILV staking rewards). Thanks.

[gloomy gazelle]

Incorrect. There are definitely pros and cons. Claiming sooner adds to the amount of ILV you have “staked” and earning. Claiming sooner leads to this ILV rewards to be fully vested and therefore unlocked at a sooner date. Claiming more often leads to more transactions which leads to more eth being spent on gas.

[lean prawn]

Gotcha! Thanks for the explanation, I’ll claim these missing rewards sooner in order to start earning sooner. - On average, is there an estimate on how much it costs for gas per transaction?

[gloomy gazelle]

Right now gas is stupid high. Wait till the weekend and it will cost less.

Claiming missing rewards will have different amounts of gas usage depending on the wallet’s staking history. I’m not really certain. You can check the estimated gas limit before before approving the transaction

[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.

[lean prawn]

I see, okay will do. Thanks again! - And the same logic for claiming sooner vs gas fees would also apply the same way when it comes to claiming rewards from ILV/ETH Pool, correct? (ie I have 24 ILV in pending rewards from ILV/ETH Pool but not sure if better wait on that either. Sounds like it’s the same answer as Missing Rewards)

[gloomy gazelle]

Yeah.

Quick math says those 24ilv will start earning about $0.15 per day once claimed so they start their vesting period. (That’s as a group not each ILV)

[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.

[lean prawn]

Ahh ok I see. 🙏 - Last question on this: Outside of future Illuvitar + Land sales (and resources for the game itself), there’s really no other reason to claim SilV2 over ILV, correct?

I don’t see a new Land sale happening anytime soon, so there’s prob no reason to really hold off from claiming these staking rewards as 24 ILV vs waiting to claim them as SilV2 to buy something in near future, that you can’t already buy right now ie. Land or Illuvitars)

[dry citrus]

Hi, im new here, i wanted to ask how much is the staking apy?

[gloomy gazelle]

It’s displayed on the website. I’ve not checked recently.

[gloomy gazelle]

Yeah that’s what sILV2 is for.

[fierce totem]

If you still have locked stake ... what are the implications to claiming the ILV or sILV2 now vs later?
I.e.,, is best to claim ILV now, or save it to claim a larger for investment earning vs in-game currency

Sorry, I meant to reply to Pelican's comment

[gloomy gazelle]

Claiming the pending rewards is different than withdrawing your unlocked tokens. The amount of tokens that you currently have as rewards will not change based on time (the amount of pending rewards accrues a little bit a couple of times each minute, every block).

There are definitely pros and cons to claiming sooner or later. Claiming sooner adds to the amount of ILV you have “staked” and earning. Claiming sooner leads to the claimed ILV rewards to be fully vested and therefore unlocked at a sooner date. Claiming more often leads to more transactions which leads to more eth being spent on gas.

[atomic haven]

Any opinions on Bakerswaps ILV staking program?

[gloomy gazelle]

It’s a scam. All of those youtube videos from that “actor” are scams. Pretty much every bakeryswap video contains a link to a scam website.

[twilit obsidian]

🙌

[gloomy gazelle]

Please do not fall for those.

[gloomy gazelle]

It’s ILV liquid all the way down

[clever swan]

claiming rewards and revdis is two different transactions right?

[gloomy gazelle]

Correct.

[atomic haven]

Thanks.. I kinda thought so.. But the site looked legit so wasn't 100%

[frigid horizon]

Hey Guys would someone be able to direct me to the right spot? My wife is staking on Illuvium website and tried to do her ILV2 upgrade. Metamask prompted the gas fee, took the gas but the transaction failed and nothing happened. We asked Metamask support to look into the tx and they said there was an issue with the smart contract. So essentially she is out of pocket some ETH for the gas and no upgrade. We are afraid to do it again in case the same thing happens. By the way she has already emailed support a few days ago I think but not sure if that is the best route.

[ember ginkgo]

#❓❓〕support is always best route

[regal marten]

Was working on this staker count graph. Interesting to see how SLP-only stakers are going down and ILV-only stakers is going up!

[steady trellis]

You should add he seed pool also

[regal marten]

This is staker count (not staked tokens), so it would not affect the result very much.

[regal marten]

When seed tokens were staked, was a separate contract used? Should look into that...

Are all seed tokens considered staked until withdrawn?

[steady trellis]

Yes and Yes

[regal marten]

I fully agree these should be added to the graph, they are all ilv-only stakers.

[brisk surge]

@cyan rampart i am sorry for ping.
can you help transfer ilv stake pleae?

[last hawk]

Go to #❓❓〕support they help you with that. They answer quickly normally.

[stoic ridge]

does illuvium get any return on their safety pool? like throwing it into sDAI or something so its like 5%? 5% of 13M is nothing to snuff at and would add to the runway?

$1780 a day in interest paid, would be pretty good as far as yet another tailwind to keeping burn rate moredown?

[gloomy gazelle]

It’s kept in a gnosis safe wallet. It’s not deposited anywhere. My assumption is that the potential for yield is not worth the potential risk of contract drainage.

[faint shale]

without exact numbers, how much % of your ILV holdings in locked staking guys?
just collecting info
Mine is around 50-50, if suddenly we spike up to 1,5k have some gunpowder to take profits but also want to get revDis, so for me this is the safe way, how about YOu?

[gloomy gazelle]

Eventually the rewards and deposits are fully vested and unlock. So the amount of actually LIQUID ILV has very little to do with the amount of ILV in the staking contract.

[versed coral]

I am staked 100% mainly in SLP. However most of my staked and even rewards are unlocked by now, so I could become liquid with them if I wanted to

[tawny mica]

Hi everyone, brand new here. I just bought a bag. How can I tell the staking rewards, the site shows 0 percent

[gloomy gazelle]

Clear your browser cache.

[tawny mica]

Im sorry if this has been answered a million times already. I just want to make sure I have this correct.

If I choose 1 month, 3 months, 6 months. etc this is how long I have to wait until my ILV is liquid and available to use correct?

[gloomy gazelle]

Correct. It will remain staked and earning after that time. But after that vesting period ends then you will be able to run a transaction to withdraw your deposits.

Rewards are a different story

⤵️

[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.

[tawny mica]

Ok. let me get this straight. Say I do 6 months then like 5 months from now I decide to 'unbond' I wait the 6 months and I will still earn rewards while I am waiting for my allocation to become liquid?

and Illuvium Rev share that is the same token ILV that is tradable?

[gloomy gazelle]

Yes revdis is distributed as ILV.

Revenue distributions can be claimed directly the wallet. But they will accrue waiting to be claimed.

[gloomy gazelle]

No. I’ll explain some more.

[gloomy gazelle]

You deposit today and lock up for 6 months. You start earning a little bit every block. Like a tiny amount a few times every minute. Those rewards go into PENDING REWARDS accruing over time. You can CLAIM those pending rewards whenever you think there’s enough to claim. See the above bot post regarding what claiming entails.

The deposit earns until it is withdrawn. You cannot withdraw the deposit until after it is unlocked (6 months from now). If you don’t withdraw then it keeps earning.

[tawny mica]

And can you ever go up in time? Say i do 3 months and say screw it I want to do 1 year?

[gloomy gazelle]

There’s two things in the pins that explain staking. A video and an article.

[gloomy gazelle]

You cannot change the lockup time. You would have to withdraw and then deposit again. A new vesting period.

[tawny mica]

Oh ok. So If I bond for 12months today. After 12 months Im free to do whatever I want with it?

[gloomy gazelle]

Yes.

Your deposit would then be able to be withdrawn.

[tawny mica]

thats great

SO much better than what I thought--- I thought it took a year to unbond whenever you decided to do it.

[gloomy gazelle]

Your rewards are claimed when you want (but only the rewards accrued up to that point). But rewards claimed as ILV have a 12month lockup/vesting period that starts when they are claimed.

[tawny mica]

then if I LP you guys use only the portion of ILV when it comes to REV DIS?

[young harness]

Hello Guys! I just claimed, do I have to stake them or are they automatically staked?

Correction: I just claimed a bit of rewards, do I have to stake them or are they automatically staked?

Never mind I just read above. Thanks!

[young harness]

I see that the eth pool has a much higher yield. When withdrawing unlocked ILV should I do it as sILV2 or ILV? Keep In mind I will stake it again in the ETH pool.

[plain thorn]

If you stake with the SLP, only the ILV portion of that ILV/ETH pair receives RevDis.
i,e, 50% of the pair is ILV, so you get half the portion of RevDis compared to ILV only stake

[autumn marsh]

thank you for this explanation, the funny thing the hacker staked 30 ILV for 330days in my account, is there anyway to save this fund from my account?

[gloomy gazelle]

Maybe. Contact #❓❓〕support on the website shared in that channel, asking about what could be done.

[upper hedge]

Hello, 2 questions. The ilv/eth pool stops yielding rewards in June 2024 correct? And so if I decide to stake into the slp pool then I should not choose 12 months because it will only accrue ilv rewards for about another 8 months or so?

[regal marten]

True for staking rewards, not true for revenue distributions (which are expected beginning of 2024).

[upper hedge]

So it does end this June right?

[gloomy gazelle]

The yield farm rewards stop on June 30, 2024. Revenue distributions should have started by then and will continue to increase as game revenue increases

[versed coral]

Do you think there will be another incentive for people to stay with SLP after staking rewards are done? I mean other than turning them to full ILV for revDis

[tawny mica]

thank you and that makes total sense

[sturdy orchid]

Let's say ILV generates 20Million/day. Will there even be enough liquidity for that kind of purchase? Will they be buying in increments little by little every hour or something.. How's that going to work?

[ember ginkgo]

500 ETH / buy

[sturdy orchid]

In one go?

Anyway would like a video on this in detail when the time comes.

[dense geode]

what exactly do u mean? when there is a point where there is no tokens for sale?

if this day ever comes, we will be all smoking cigars in the Bahama's

[sturdy orchid]

It will come. That's crazy amount of buying pressure

[dense geode]

ye would be a insane nice problem to have

[sturdy orchid]

I can't even imagine it lol

There's always a buyer.. so we can pick the price eventually 😄 Illuvium will buy it for any price.. theoretically?

Im exaggerating a bit but yeah..

@opal elm is a genius.

[dense geode]

the small amount of revdis we have had so far, if i remember correctly has been manually bought by the team, i can only assume that will remain the same.
it will be a 1 time a month thing, so think its pretty ok to do that manually

but im also sure they dont want to do it in a recognisable pattern to avoid sus stuff.

[sturdy orchid]

I thought there's an algorithm triggering the purchase randomly

[dense geode]

could work ye, as long as its random

[sturdy orchid]

I just now remembered most of this revdis will be sold by us lol so yeah.. fascinating stuff can't wait to see how it all works and affects the token price

[dense geode]

Yes, very exciting times ahead.

[regal marten]

You mean distributed to us? If so yes, can't wait either 🙂 The hard choice for stakers will be whether to use it to raise your staking position or sell and take profit.

[rich seal]

Hi fam, one question, do I still get interests from the ILV that was done for vesting and is now able to be witdrawn from the staking proces?
SO: is better to leave it as it is, or to withdraw it and stake again? 👀 thank you for your answer and have a nice weekend

[raven dirge]

Hey guys, would like to get more info on RevDis as could not find it anywhere explained,
Under was situtations Rev Dis is planned?
1- Staking ILV
2-LP ETH/ILV
3- Owning land?

[candid kettle]

Revdis is only received by stakers, both from solo ILV and from the LP token (only the ILV portion of the LP token is considered for revdis calculation).

[cyan rampart]

Yes, unlocked staking deposits continue to get yield. Better to leave it as is. The only reason to unlock and restake is if you want a higher staking weight, like if you'd locked for a month and wanted to restake for a year for 2.0 weight. Otherwise you're better to just leave it until you want to withdraw.

[topaz fossil]

So..... its been a bit since I've been on here.... where is the upgrade pools button?

[cyan rampart]

It shows at the top of the page if you have an upgrade that needs to be done, but if you've already upgraded it won't show.

[topaz fossil]

I still have my eth/ilv in V1

[cyan rampart]

The V1 icon shows next to the deposit in the Vesting page? Those deposits could already be upgraded, the icon just shows which contract they were originally staked in. The upgrade transaction doesn't move the V1 deposit to the V2 contract, it allows the V2 contract to read the V1 deposit and give yield for it.

[topaz fossil]

Yes - it just has a v1 next to it in the vesting page.

[cyan rampart]

Any chance it's already upgraded?

[topaz fossil]

Maybe.... when was the upgrade available? Like Feb?

[gloomy gazelle]

What color is the v1?

[cyan rampart]

March 2022

[topaz fossil]

I claimed rewards and its still accumulating in that pool... the v1 is white. If was March 2022 then I've probably done it lol

[gloomy gazelle]

A red v1 means it’s not been upgraded. A white v1 means it had been upgraded and is fine.

[topaz fossil]

Okay - I probably did it last year - the popup just threw me through a loop and I was 2nd guessing myself.

[cyan rampart]

Yee, that happens fairly often. The popup will show up every time you clear cache/cookies

[topaz fossil]

Yeah - which I did like two days ago. Thanks guys! Its been a crazy year for me so I haven't been able to stay as plugged in as I'd like.

[raven dirge]

thank you , and regarding the Epochs, we are 62/78 so once 78 is reached(soon) Revdis is stopped?

[craggy field]

Revdis (revenue distribution) has nothing to with the staking epochs.

The economy is based around Revenue being distributed, which has only happened after the Land sale so far (as we created a safety pool to help weather the bear market). This is bound to pick up when the safety pool is filled up (latest numbers said it required 180K before filling up). When it is filled up, revenue distribution will start regardless of the epoch we are in.

Staking yield on the other hand decreases every epoch. This was an incentive to stake your tokens for up to a year to provide liquidity for trades and to show faith in the project. These staking yield rewards are decreasing by 3% every 2 weeks and will stop entirely, 32 weeks from now.
So, staking yield will stop once epoch 78 is reached. Revdis will stárt "soon".

[brisk surge]

still haven't got answer from team
great

[ember ginkgo]

What was the question

Ah I already see, support doesn't work during weekends.

[keen crest]

Who has started unstaking SLP? What’s everyone strategy…

[dense geode]

im letting it yield till the end, i dont mind holding eth and yield still decent.

[raven dirge]

Much appreciated, now it's way clearer, time to stake those ILVs

[cerulean nexus]

I just wasted $17 in gas... why is it failing to claim rewards?

I select "claim ILV" in both ILV and ILV/ETH pool, then the tx fails. I also tried "aggressive" gas setting

This is so annoying because it happens every time and it's not cheap

Can it be a issue of trying to withdraw both pools at the same time? But why does it allow me to do so then? Can something be done for this wasted gas and make sure it won't happen again?

[dense geode]

i dont think this problem is in any way related to illuvium.
u can withdraw staking rewards from both pools, that is not the problem.
are u trying to take out initial stakes? or staking rewards?

[cerulean nexus]

Staking rewards

I wrote to support too, I'm so annoyed because I waited for lower gas this month just to do this.

[gloomy gazelle]

Some of us that have a long staking history that includes V1 deposits occasionally run into issues like this. I believe that the solution involves claiming the pending rewards before you attempt to withdraw from the vesting tab. It definitely can be annoying especially when gas is as wild as it has been recently

Actually, failed transactions are usually something else

The error I was thinking of usually blocks transactions from starting.

[cerulean nexus]

So what's the path to follow here? Will claiming only the ILV/ETH pool instead of both help?

[gloomy gazelle]

Are you claiming pending rewards?

[cerulean nexus]

And why does it take the gas if there's something blocking the tx from starting?

[gloomy gazelle]

That's why I think it's not the same problem

[cerulean nexus]

Yes, this is the latest tx with aggressive gas:
https://etherscan.io/tx/0x28e054a5bd89d78ab647e71a0b13d41b4a055b42d4b1d3dbd4adb1583fb4fe3e

I'm not sure, but this happened multiple times in the past and iirc it solved by claiming pools individually. But now I'm scared of trying again.

[gloomy gazelle]

Let me take a look. The thing about claiming rewards from both pools at once is that it only barely reduces the amount of gas that is spent anyways. I usually just do one pool at a time. But let me take a look at least before you try to claim the rewards from each pool separately.

[gloomy gazelle]

There was something in there that says it ran out of gas. So a low estimate of the limit was probably made, claiming separately will help with that. But unfortunately I can't guarantee that claiming separately will ensure that something similar does not happen. Manually Increasing the gas limit for each of the separate claims can help make sure that the claims do not run out of gas.

I'm gonna read some more of the debug logs

[cerulean nexus]

Thanks, I will try that. This is so annoying though and I don't think I'm doing anything wrong as the limits are suggested by the site no? Can't Illuvium fix it eventually?

[gloomy gazelle]

Sometimes people say it's the wallet making the estimate. And if it's an older version it can get it wrong. But it's definitely taking info from the staking contract so I do think it's something that can be improved by the team.

Good luck man

[cerulean nexus]

I confronted it with a friend's tx and mine actually used lower gas limit, I have no idea why since I didn't touch anything... oh well I'll let you know

Also it didn't take long for scammer to send fr lol

[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]

Yeah. That scammer tries hard.

[radiant field]

Hi, my transaction for withdrawing staking rewards just failed, but did cost gas fees.. Any idea why this might happen?

https://etherscan.io/tx/0x153140ff3042453b4bad38f6c7c02db41726743834a0b96eaa3a80b77e994aeb

[gloomy gazelle]

Basically something hung up and over used gas it seems. And I think I recognize that bug.

Some of us that have a long staking history that includes V1 deposits occasionally run into issues like this. I believe that the solution involves claiming the pending rewards as ILV (even if it’s a small amount) before you attempt to withdraw from the vesting tab. It definitely can be annoying especially when gas is as wild as it has been recently.

You could contact #❓❓〕support directly on the website to double check.

[clever swan]

been so long I forgot how staking for slp (weight 2) worked with revdis. Do we get revdis only for the ilv portion of the slp or is it for total amout? So if I have 1 slp is the revdis only for the portion in that slp accounted by ilv?

[gloomy gazelle]

Revdis is for only the ILV half

[clever swan]

interesting. so I guess some people are selling slp at the end of emissions to stake ilvs? will weight still be 2 at around that time?

[gloomy gazelle]

The lockup weight mechanic will be the same.

There’s already been a significant movement from SLP to ILV

[clever swan]

I see. been trying to figure out myself if to do that bc of greater impermanent loss or stick with the slp apr until emissions is done

[gloomy gazelle]

#🥩〕staking message

Yeah it’s a reasonable debate with big question marks

[clever swan]

yeah I need to think about this more and see how I will proceed. thanks always for the help pelican, appreciate it man

[gloomy gazelle]

[trim prism]

Hi, when arround is soon?

[pseudo minnow]

Hey so there will be no staking epoch or something like this anymore? Only staking for the revdis right?

[craggy field]

Depends on the revenue generated by the project. I dont have those numbers. All i know is that the safety pool is almost filled up. (200K~ /5M remaining) so after that, all revenue will go to the stakeholders.
Moreover, revenue is distributed at a minimum value of 500Eth per distribution or 1M dollars. So when the project has made 200K$ + 500Eth, we will at the earliest get the next revdis round. With 500Eth, each token will get 17~ cents in ILV worth of revdis.

You could probably check how much revenue is generated over time for the DAO.

[craggy field]

Yes that is correct. Staking yield was there to onboard people. Revdis is here for them to stay

[clever swan]

safety pool is 200k in dollars (?) so that needs to be filled and then every time 500eth is reached revdis will go out? am I understanding that correctly?

[craggy field]

the safety pool is a total of 5M$, and only ~180K$ orso is left for it to reach the 5M$ value. It'll be filled and the next revenue will go to distributions

[clever swan]

ah ok that makes more sense with what I been reading lately. thanks for clearing that up.

Mind if I ask another question? What scenario would constitute the team to be able to access the safety pool?

[craggy field]

I think it would require an IIP to pass before the safety pool can be accessed. And that will happen when Labs decides that the team requires the funds. I don't know what would qualify as a concrete value before they can say "we need the money" but we will probably be informed at an appropriate time.

[rich seal]

okaay thank you very much, useful info... is maybe still good to combine ILV and ETH and make SLP token and stake it with better yiele / weight? do we already know something about the utility and use of token, when the game is rdy?

[fallen kettle]

Hey is there a new video on how to get slp tokens on sushi? Add liquidity page has challenged...

Changed

[spice schooner]

Sers, what’s the SLP APY atm? I don’t have my Ledger on me.

[fallen kettle]

55%, any chance you can tell me if im on the right sushi slp page?

[spice schooner]

Yep that sounds right, should be about $60M funds locked.

[halcyon onyx]

Can I unlock my stake before the end of date?

any method?

[candid kettle]

Unfortunately, once the Lock contract is signed, it cannot be undone.

[halcyon onyx]

where can I borrow ILV?

[gloomy gazelle]

Maybe ask in #💰〕token

[gloomy gazelle]

It’s the same page as this “how to remove liquidity” walk through. But you add liquidity

#🥩〕staking message

[quasi oyster]

Are we also getting reward in ETH from the sushi pool when you go back to split token ? Iv seen that somewhere i might be wrong cheers

[gloomy gazelle]

You don’t get a bunch of extra eth. You just get the 50:50

[quasi oyster]

ok any idea what the incentive will be like whenever the staking goes down ? since the SLP is important for liquidity . Bonus rev dis ? most of my bag has been the SLP so I want to know where im heading next .

[gloomy gazelle]

Maybe the increased volume will be enough incentive. There are some options though. But nothing yet formalized.

[dense hearth]

#🥩〕staking can someone help me with a withdrawal ?

#🥩〕staking ?

[quasi oyster]

Not sure what you mean by volume increase being incentive ? Isnt SLP necessary for allowing people to trade ? Why would someone keepthe slp if he doesnt get apy on it ? Wouldnt everybody be better of splitting it back to native token if there is no more apy and just gettin hit by potential impermanant loss ? Thanks for your time by the way mate

[gloomy gazelle]

Liquidity providers on sushi do get some of the fees collected by the sushi AMM. Liquidity providers get this value as increased value held in their SLP tokens. Sushi even calculates this increase as apy on their website (though they also include the SUSHI staking rewards for those that stake on the sushi protocol). But you are correct. The potential for loss in value when the prices of eth/ILV diverge is something to consider. But the idea that more volume, more swapping, in the pool means there will be more fees collected by sushi that end up being held by the SLP tokens.

Many liquidity pools on DEXs do not also have outside staking rewards (i.e. ILV staking) and yet still have plenty of liquidity providers

[quasi oyster]

ohhhh so the lp is always gonna provide reward but the staking was an extra incentive which was a for the limited time fo 3 years .

will the weight still be a factor considered after staking is over ?

[gloomy gazelle]

Technically even the illuvium staking is not ending. Because revdis will still be a thing. And yes deposit weight from lockup will still be a thing. But the yield farming rewards will end.

[pseudo minnow]

so if a lot of the staked ilv will be unstaked.... the other staked ilv will earn more revdis right?

[dark depot]

is it worth staking more now it ends July 2024

[remote sandal]

RevDis doesn't end in July though

[dark depot]

well.. there is no revdis yet.. I have not gotten any other then what happened once I think it was with Land sale

2 million ILV left to be gotten

[gloomy gazelle]

Correct. The safety pool has been filling up. Currently less than $100,000 needed before revenue streams will be directed back to revdis.

[gloomy gazelle]

Correct

[dark depot]

wow.. so.. when is that going to reach the $100,000

I guess next wave of beyond will break through?.

[pseudo minnow]

no much earlier

[dark depot]

within the 56 days?

[pseudo minnow]

there will be another promo sale 12-19th of december..... latest date then. But look 1 week ago it was like 200k left and now 100k left... and of month could be the date especially with the 28th coming 🙂

[dark depot]

oh guys. when is the last day for staking and liquidity pool to get ILV? July what? Also what happens to all the staking after that date? what do you get for staking when there is no more ILV to be rewarded?

[gloomy gazelle]

June 30

[dark depot]

oh, okay... 223 days

[gloomy gazelle]

You get revdis only after that

[pseudo minnow]

So if I claim my ilv rewards in march they will be locked till 2025 but get revdis?

[shy aurora]

Wats happening with slp after June 30

[gloomy gazelle]

SLP and ILV only pools get only revdis after that

[shy aurora]

Is rev dis locked? I forgot the locking period.

[low locust]

nope revdis isn't locked

[sterile marsh]

hi on the stakiing menu https://staking.illuvium.io/vesting I have ilv ready to withdraw , can i leave it in there ? is it still earning rewards or do I need to withdraw and restake ?

[tawny mica]

anything going on with the data? It keeps saying failed to fetch

[cyan rampart]

It's still earning rewards, you don't need to restake.

[cyan rampart]

I'm not sure what you're referring to, could you be more specific?

If you're trying to verify your e-mail address while signing up for an account, you can submit a ticket to #❓❓〕support

[tawny mica]

the data on the website for staking and pools and all of that. It used to show and for some reason today it wont show ~ amount of USD... it does show how many ILV I have staked and how long it is vested for.

I have cleared cache so that isn't it. Not sure if it is RPC error from your API to whatever you are using to 'fetch the data'

[gloomy gazelle]

Wally is correct. Revdis accrues in the contract when distributed but when you claim it the ILV is transferred immediately to your wallet with no vesting period.

[tawny mica]

Update:

back to working 😉 LFG

[ancient falcon]

What is the minimum for staking please?

[gloomy gazelle]

No minimum.

You’d just want to have enough to be worth the cost of gas.

[ancient falcon]

Thank you 😊

Which network in gas fee ?

[gloomy gazelle]

Ethereum mainnet. So it’s not cheap. Especially right now

[ancient falcon]

Thank you

[ancient falcon]

What is SLP?smooth love potion? Right?

[brazen egret]

No. Sushi Swap Liquidity pool

[ancient falcon]

I need sushi token? Or how I get the SLP, please?

Or what is the contract address on SLP?

[pure eagle]

You don't need it. But if you want to provide liquidity and stake it you will still earn rewards for it

[pure eagle]

#🔗〕helpful-links

[ancient falcon]

It says amount of SLP is required

It is the second pool

[pure eagle]

There is no minimum amount required, only minimum locked period (1 month). But my suggestion would be to have a good read and analyze if the rewards you will get from staking SLP justifies the fees of the process and claiming tour rewards

[ancient falcon]

Okay, thank you 😊

[pure eagle]

?lp

[worthy lark]

SLP Pool

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

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

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

[pure eagle]

https://tenor.com/view/sherlock-benedict-cumberbatch-hat-tip-greetings-smile-gif-4268618

[ancient falcon]

Thank you

0x6a091a3406e0073c3cd6340122143009adac0eda
it says invalid address

[gloomy gazelle]

?token

[worthy lark]

Token Address

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

[gloomy gazelle]

You don’t swap for it. You provide liquidity

#🥩〕staking message

[ancient falcon]

I am sorry I am new in this

[gloomy gazelle]

That’s fine. It is confusing the first time. Ask questions. Don’t trust DMs. Never input secret phrase anywhere.

[ancient falcon]

Thank you so much ❤️ I will study it

[gloomy gazelle]

This old video may still be helpful. The ui will look different but the steps are all there. Maybe just the second half will be helpful. #🥩〕staking message

[ancient falcon]

How long ago you guys start staking?

[gloomy gazelle]

This could be helpful too. It shows the current UI on sushi. #🥩〕staking message

[gloomy gazelle]

July 1, 2021.

[ancient falcon]

@gloomy gazelle thank you so much

[gloomy gazelle]

Yield farming is almost most of the way completed.

[gloomy gazelle]

I might be impersonated in a dm or in a friend request. It won’t be me. It will be a scammer.

[hazy token]

In the end, was anything decided to incentivise people to remain in the SLP - post staking emissions?

[keen crest]

When does the yield farming conclude? Is it 30th June 2024?

[spice schooner]

Numbers looking good:

We could see 100 APY before we are done.

[hazy token]

Yeah SLP’s been holding over 50% for a few weeks now. There must’ve been a big withdrawal maybe last month as it was in the 40s in Sep iirc

[hazy token]

I think it’s around then yeah

[spice schooner]

It goes up with trading volume I'm fairly certain, our TVL has gone up.

[hazy token]

Ah hadn’t thought about trading volume affecting it. Ok

@spice schooner do you think they will incentivise people to remain in the SLP post yield farming?

[spice schooner]

I don't think we will have team supported liquidity pools, where there is bonuses for staking your SLP. The SLP was created for initial distribution of seed tokens, that will all be finished soon.

Staking v3.0 most definitely, so people can get RevDis.

Hang on, but we will still have a demand for decentralised liquidity, so maybe... If the token is popular then Sushi themselves will probably run one to be honest.

[pseudo minnow]

V3.0?

[spice schooner]

Yah it's on our roadmap, half way through next year it's due. Most likely on IMX.

[pseudo minnow]

Just 1 thing about beyond wave 3… in the roadmap at q2 but wave 2 ends early January…. So is there a possibility that this will be in q1 2024 ( wave 3)?

[spice schooner]

Nah it will be independant of waves, our current distribution schedule finishes around June 2024, when that is done there will be new liquidity and staking pools.

[pseudo minnow]

Yes I understood this but for me the time between illuvium beyond wave 2 and wave 3 seems a bit long 🙈 with staking pool I got u and hopefully the staked ilv which is locked, can be easily transferred to v3 while it’s still locked

[spice schooner]

Ah sorry man I read you wrong. Knowing how lazy people are I'm hoping there will be a 1-click migration lol. As opposed to manually moving funds to Layer-2, they will need a support team to manage that one.

[pseudo minnow]

yes 🙂 and hopefully the rewards which will be claimed till then can be also moved immediately or they need to be locked in v2 till duration end?

[spice schooner]

Yeah you would want the rewards to migrate as well for sure, otherwise it's just going to get messy.

[thick forge]

for the $ILV which is available to withdraw (previous staked), if I leave it there, is it still in staking status and can earn revenue distribution? can anyone answer me please.

[weary radish]

Correct.

[quiet hatch]

Stupid question, but how do I swap my SLP back to ETH/ILV?

Or what I actually want to know: How do I check how much ETH/ILV I'll get back from my SLP (without unstaking it)?

[gloomy gazelle]

Use a defi data tool like Zerion or apy.vision to look at your address’s data

No need to connect your wallet even

[gloomy gazelle]

Here’s how to remove liquidity if you ever do want to. #🥩〕staking message

[quiet hatch]

Thanks @gloomy gazelle

[quasi oyster]

What would be an estimated apy without the extra staking we are getting right now ? I i tought I had it figured out with @gloomy gazelle yesterday 😅 so no more staking but weight still works . But then youd have to get out your slp of the initial pool to go on sushi pool . Im so confused

[gloomy gazelle]

Staking is currently available to do through sushi. But then you get sushi rewards. It’s not what it sounds like you are looking for. Look at this site for some more APY type info from sushi. #🥩〕staking message But it’s not super helpful for anyone not staking for sushi rewards. I’d recommend looking at apy.vision

APY is not often calculated for simply holding the SLP tokens. So it’s hard to answer that

apy.vision has good tools

[sonic wolf]

https://tenor.com/view/kenny-were-the-millers-you-guys-are-getting-paid-will-poulter-gif-15947352

[ember ginkgo]

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-staking-gif-22201712

[sonic wolf]

how come i never got any sushi rewards wtf

[ember ginkgo]

You are allergic to fish

[gloomy gazelle]

You staked with the illuvium protocol so you got ILV rewards. Thats the better play anyways. Hardly anyone staked with sushi because illuvium had awesome yield farming. And no one can get both.

[dense oracle]

If you have V1 SLP, should you withdraw and restake- I am reading it correctly

[gloomy gazelle]

No. There’s no need to withdraw

[gloomy gazelle]

V1 deposits can be read by the v2 contracts.
https://illuvium.io/news/42-all-you-need-to-know-about-staking-v2

[dense oracle]

So aslong as its invested it is earning the 50+% right now-

[gloomy gazelle]

If you check the vesting tab as long as the v1 icon is white and not red then it’s good to go

[dense oracle]

Because its been in July 2021, so I dont really want to withdraw and re-stake, Its White!!!!!!

For better yield, It looks as if Taking ILV rewards and changing them into SLP will greatly increase the return ? is that kind of right?

[gloomy gazelle]

One thing to consider is the possibility of eth and ILV prices diverging and impermanent loss. Another is the possibility of upcoming revenue distributions.

[dense oracle]

Okay?

[gloomy gazelle]

Also gas fees

[dense oracle]

Is Rev distribution on Staked ILV that were stated the 12 months and are now unlocked and SLP of only on SLP- I know when the ILV was locked and the 1900 spoke happened because they were locked- it was good for the development but no way to capitalize on the spike. What happens on diverging ETH? Is that in the staking Videos above too?

Sorry, just been beliving and riding, not reading during the TRIP

[gloomy gazelle]

Haha that happens pretty often. No worries.

[gloomy gazelle]

You should google impermanent loss

[gloomy gazelle]

I’m not sure what the first part of this is asking about exactly

[dense oracle]

I think I saw that on the GOB token - something about being in range, and there were more of one token than the other as the price of ETH went up and the Token did not keep up

Rev Distributin what is it factored on - Staked ILV, SLP or Both- i have received some before

[gloomy gazelle]

The amount of ILV staked. But it counts the ILV that’s part of the SLP tokens

[dense oracle]

I will google

[gloomy gazelle]

Since SLP is always eth/ilv 50:50

If you want some really good information you could go to apy.vision and see the data they have to share regarding your staking wallet. There would be no need to connect there. You can just input your wallet address.

[dense oracle]

Well lets see how the 28th goes- I am Glad I was listening to Tony on night Late on discord and FOMOed in to ILV- Not sure if he is still part of the team, But I am glad to be part of this --- Thank you

So like Etherscan just drop you address, dont connect? I will take a look-

[twilit flare]

Quick question i realise i dont know.... rev dis... once its issued out and unclaimed does it attract any staking rewards at all if i leve it there? Ie can unclaimed revdis increase my claim of the next rev dis? Is it compounding like that :p

[cyan rampart]

Unclaimed revdis isn't eligible for revdis of its' own. You'd have to claim it and stake it for it to be eligible for yield or revdis.

[ancient ore]

hey mates, i got an SLP position wich has now passed the 12month locking period and is ready to be claimed back from staking/vesting.

now I'd like to stake again for another 12 months - could i just leave it there or will I have to claim and stake again, to continue getting the (max.) rewards?

[dense geode]

If u want to stay in slp, u can just let it sit, and it will continue to yield rewards as it did before.
if u want to swap your position from SLP to full ILV, u will have to withdraw the slp and swap it back to ilv/eth.
and then ofc restake in the ilv only pool

[twilit flare]

Thanks blickter!

[ashen flax]

hey guys, can i get the ILV in 1 SLP when i have no ILV/ETH in my wallet?
(sushi swap does not show it to me since no balance)

[gloomy gazelle]

Yeah. Check Zerion or apy.vision

Either of those lets you just input your public address to get your defi info

[ashen flax]

hm not really showing what im looking for ^^

says i have no open positoins and when i click on ethererum network 'pro only feature' (connected wallet and input address)

[gloomy gazelle]

If you input the SLP contract address on Zerion it will find the info you want.

?token

[worthy lark]

Token Address

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

[ashen flax]

TY!!

[ashen flax]

so 1k at 50/50 should be about 5 ilv / 0.25 eth

[ashen flax]

perfect!! TY!!

hm reverse engineered ... illuivum -> staking -> dashboard -> ilv/eth => shows $ and slp => can be calculated as well 😎

[sonic wolf]

https://tenor.com/view/thank-you-thanks-hey-bro-fist-bumb-gif-16262296206650437916

[ancient falcon]

The staking is over?

[gloomy gazelle]

No. If apy is displayed as 0 then you need to clear your browser cache

[ancient falcon]

Sorry my wallet wasn't in

[ancient falcon]

How long the staking be on please? Eth fees is insane right now

[gloomy gazelle]

Staking will be available for as long as illuvium exists. It’s pretty core to its structure.

Yield Farming rewards end on June 30, 2024

[ancient falcon]

That is really awesome, thank you

[ancient falcon]

I still have some time, thank you so much

I staked some, how I can see it it is staked please?

On dashboard got it

[ancient falcon]

Do I get my deposit back after that?

[gloomy gazelle]

No. It stays staked and eligible for earning and then just revdis until you WITHDRAW it or (until v3 staking demands action to be taken sometime after that)

Check the rewards tab every once in awhile to see when it makes sense to claim your pending rewards.

[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.

[ancient falcon]

In regular staking not yield farming I will get that one back?

Thank you for all your help 🙏🏽 😊

[gloomy gazelle]

No. It will work the same way. It keeps earning until you withdraw it. You just can’t withdraw it until sometime after it unlocks

[lone glacier]

Well, if both ILV and ETH increase in price, it will be great for those participating in adding LP.

[ancient ore]

Hello Fubar, thanks for your answer!! no i want to keep my SLP as it is and all i would do is restake to continue getting ILV rewards with the currently ~50% APY. But I am wondering, if this will be the case, as this way I don't lock the SLP for another 12 months. Also I cant find this case described in the staking paper, but I will see if the rewards continue accumulating as before.
Thank you!

[ancient ore]

and is this the same for yield farming (SLP), or not?

[dense geode]

Yes if u just let it sit, it will keep yielding

[open stump]

[maiden pawn]

While they are vesting they compound your rewards.

What does this sentence mean in ilv staking ?

[craggy field]

When you claim the staking rewards as ILV, those rewards will be locked for a year or "vesting" before you can interact with them.

During this 1 year lock of those claimed ILV rewards, they themselves will earn staking rewards as well.

[maiden pawn]

Thanks

[plush elbow]

Need help: I managed to withdraw my pool rewards in sILV2 but don’t see how to withdraw my first ILV deposit. Just see its value on my dashboard…

[cyan rampart]

Check the "Vesting" tab. You'll be able to see your deposit there and withdraw it.

[plush elbow]

Tks will try

[normal gust]

Would you rather hold 100 ilv tokens or provide liquidity with the 100 ilv tomens

I’m on the fence cause i don’t know how impermanent loss would work if I staked them for a year. but if ilv and eth both go up and decide to unpair them I wouldn’t lose anything to impermanent loss right?

[gloomy gazelle]

That’s right. The comparative price a balance between would have to stay the same

[cyan rampart]

You can play around with different scenarios for IL using a calculator to get an idea of the scale of IL you might be able to expect. No IL at all is a very unlikely scenario, as it requires ETH and ILV to maintain the same price ratio as when you provide liquidity. #🥩〕staking message

[gloomy gazelle]

When you provide liquidity you would need to have an equal usd value amount of eth. It’s really up to you. But the question to ask is do you expect ILV to go up more in value than eth and By how much. How would that compare to the amount of rewards you can get from staking the the eth/ILV lp.

It’s not easy.

[ancient falcon]

I need help please

I am trying stake with ILV/ETH and it give me box can't not estimate the gas

I have 0.02 eth in the wallet, how much more I need for the gas fee?

[ancient falcon]

Anyone?

How much is minimum to stake in ILV/ETH?

I have 0.21SLP want to do 100% for 12 months when I push stake it don't let me saying cannot estimate gas now I have 0.07 eth in the wallet

Do I need more SLP?

[cyan rampart]

Hey Marky, there's a couple possible causes for a wallet not being able to estimate gas. You can submit a ticket to #❓❓〕support and they'll be able to help you resolve the problem. Careful of any DMs you might have gotten, scammers like to target people asking questions.

There's no minimums for staking, so it's not that you need more SLP.

[ancient falcon]

Okay thank you 😊

[ancient falcon]

I sent them email, thank you Blickter

[remote dune]

happened to me too what did you do?

[remote dune]

what was your resolution what did you do?

[hazy token]

I read a few days back someone saying that the APY on the SLP goes up if there is a lot of trading. I thought it was only related to amount in pool and fortnightly decrease. So does trading volume affect SLP yield?

Is there a doc or better explanation on how much of that yield is from ILV distribution and how much from trading?

[mild tiger]

I believe it is all based on the amount of all SLP’s that are staked.

I could be wrong… i have noSLP, I just staked straight ILV

[hazy token]

So are trading fees included in that yield?

[pure cove]

At what APR % my SLP will continue to yield rewards if I just let it sit there after my 12 month locking period ended? 1 month APR or still 12 months APR%?

[dense geode]

It will stay the same if u staked for 12 months it will stay 2.0 weight

[gloomy gazelle]

The APY on the illuvium website is not really impacted by the trading volume. Trading volume increases the amount of fees that are added to the inherent SLP value.

Are these articles gone forever?

[hazy token]

But then how is that inherent SLP value changed? Because there is not an increase in staked quantity of SLP from the trades? Sorry if I am seeming a bit clueless here!

[gloomy gazelle]

The SLP is a token. The usd value of that token is impacted by how much eth/ILV is in it and what the prices of eth and ILV are.

Staking does not impact the value of the SLP token

Most of the fees from the swaps in the liquidity pool are collected inside the liquidity pool. This adds to the inherent value of the SLP tokens. It’s usually not a lot. But if trading volume goes way up then there’s can be a lot of fees collected. It’s how sushiswap works. It’s how uniswap v2 works. It’s how most AMMs in general work. It has little to do with staking.

Sushi has documents explaining how their AMM works.

[full sedge]

Hi guys what’s the current SLP staking APY % approx?

[gloomy gazelle]

55%

Something like that

[full sedge]

It was 51 the other day, seems like people are pulling out of the SLP pool, which is excellent news for us long term stakers

[gloomy gazelle]

And the value of the rewards compared to the deposit is going up

[full sedge]

What do you mean? Because ILV price is higher? What deposit?

[gloomy gazelle]

The ILV price is higher. But the SLP price is not as much higher.

ILV only apy is not impacted by ILV price. Since you get more of what you deposited.

But SLP apy is impacted by price divergence (impermanent loss).

[full sedge]

Yes understood, it’s great, I have no idea how much I’m going to lose with IL, but I can’t really complain. I’m getting so much yield anyway. Beggers can’t be choosers, no point nitpicking, I’m just grateful for everything

[onyx island]

What will be the advantage in revenue distribution if you still stake for one year when the yield farming ends in June 2024?

[versed coral]

The weight still is taken into account for revDis aswell. That’s why you’d get more if you staked for 1 year

[onyx island]

Thank you for the information

[elder dawn]

Most of my illuvium stuff got so dated I didn't trust it being up anymore, and I didn't want someone to use 2 year+ outdated info to make a financial decision.
My one Publish0x article I left up is still really helpful - Impermanent Loss Visualized has a description of how that works and a visual calculator to see the impact of price movement.

[hazy token]

Thanks for your clear explanation

[ancient falcon]

They didn't got back to me yet

[gloomy gazelle]

Might you be able to post the link to that post in this message? You know edit it

[elder dawn]

publish0x <dot> com/ilvfi/impermanent-loss-visualized-xwwevvx

[gloomy gazelle]

Thx

[ancient falcon]

I hope someone help me soon, I like to stake it. Now it's just seating there doing nothing

[elder dawn]

I updated the original message with it also

[steady trellis]

Deraji is the GOAT

[gloomy gazelle]

Have you cleared your browser cache?

[ancient falcon]

Yes, I did.

[gloomy gazelle]

have you ever had other staking deposits?

[ancient falcon]

No

[gloomy gazelle]

Maybe your wallet has not properly set a spend limit for the SLP token.

Maybe check out this. https://etherscan.io/tokenapprovalchecker

[ancient falcon]

Let me try that, I use metamask

[gloomy gazelle]

Yeah.

[ancient falcon]

I just put my wallet in there

And now what

[gloomy gazelle]

The idea is to see if you’ve approved the staking contract to “use” your SLP tokens

[ancient falcon]

Connect to Web3 is in the risk

[gloomy gazelle]

That’s true. Connecting wallets to anything has risk. But etherscan is reputable

[ancient falcon]

And there is revoke, what is that mean?

[gloomy gazelle]

You can revoke the approval to spend the SLP tokens.

This will cost some gas. But may fix the problem. But so would increasing the approved spend amount to exceed the amount of SLP that you want to deposit.

But the reality is that this may not even be the issue you are facing. I’m just thinking of possible ideas

[ancient falcon]

There is revoke on IVL as well

[gloomy gazelle]

You could. But it won’t impact the staking eth/ILV SLP issue

[ancient falcon]

I can't revoke it says connect the address owner's wallet to revoke approval

What is SPL contract address?

[gloomy gazelle]

Hey. I’m going to open a private thread in #❓❗〕community-help look for a ping in there.

All DMs are scams

[worthy lark]

Token Address

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

[warm knoll]

wow welcome back friend ! so long ! Hope everything's good !

[gilded stump]

Hey all - hoping someone can help. My metamask was compromised a year ago and 2 ILV in staking rewards were claimed. I created a new metamask and migrated all my staked ilv to it. Now I found out that staking rewards have a 12 month vesting schedule before they can be claimed. Therefore my staking rewards claimed by the malicious actor are in my new wallet. My question is, by interacting with the rewards claimed by the hacker, is it possible that my new wallet can somehow get compromised? Or is that not possible since the vested rewards are in an official ILV contract?

[ember ginkgo]

Pretty sure your new wallet should be fine

[gloomy gazelle]

No. The new wallet is secure so long as no one has the secret phrase.

[gilded stump]

So even were I to interact with the vested rewards, and say, transfer them to my binance, the malicious actor has no way of compromising my binance account or my new metamask wallet?

[gloomy gazelle]

Not simply because they have the keys to the old wallet. No.

But if the scammer got your keys because they installed some snoopware in your computer then your computer is compromised and everything you do on your computer is at risk. I don’t know how the scammer got your secret phrase.

That snoopware example is near worst case scenario.

[gilded stump]

Yeah that was actually the case, and I had all my software wallets drained on all chains. I factory reset my pc so it should be fine now. I just querying as a precaution as it was a traumatic experience

[gloomy gazelle]

Sounds like it.

[gilded stump]

Thank you for the assistance, I appreciate it

[gloomy gazelle]

Do you have a hardware wallet now?

[gilded stump]

Yes, I bought a ledger afterwards. I only use my metamask for staking and transferring, even though it should be 100% secure

[gloomy gazelle]

You can use metamask hardware integration so you never need to have your actual keys in metamask.

[gilded stump]

I’ll look into that. Wouldn’t the keys be stored locally on my pc all the same when I first created the wallet though?

[gloomy gazelle]

Thats only if you create the wallet using metamask. If you create it using the hardware wallet then it’s only ever on the hardware wallet.

[gilded stump]

Interesting, maybe I’ll do that and transfer everything on this metamask to my ledger

[amber geyser]

Unlocks In -
Means I can Withdraw my funds instant ?

[candid kettle]

When the lock period ends, you can withdraw funds at any time.

[gloomy gazelle]

FYI. Staked tokens will keep earning until you withdraw them. Unlock time does not impact if it’s earning or not.

[smoky geyser]

Illuvium website shows the total amount of $ staked for ILV and the DAO August Burn Report indicates that Treasury has 1,139,452 ILV in the Vesting contract which I'm assuming means it's staked.
Q1. Does anyone know if this is the case?

[gloomy gazelle]

Yes. It is eligibly staked for revdis. But it is not in the public ILV only yield farming contract. It’s in a separate address

[smoky geyser]

Thanks Pelican, Do you know if treasury 1,139,000 ILV is included within the total amount staked on Illuvium website?

[gloomy gazelle]

No

[fierce totem]

Anyone staking now at the current ILV ~$100 / ETH ~$2,100 ... or thoughts on doing so?

[cold yoke]

Why wouldn't someone stake?

[gloomy gazelle]

LP and ILV only is different

[gloomy gazelle]

Gas fees are expensive for small holders.

[cold yoke]

Ah, fair. Is there a minimum lock up period? Or just better APR if you do lock up?

[gloomy gazelle]

There is a minimum lockup of 1 month I believe. And then higher apr for longer

[cold yoke]

Thanks!

[lone glacier]

So, does it mean that after the staking period, tokens can still earn interest and be withdrawn at any time?

[undone flax]

hi!
I have some missing rewards and if i claim it, i pay more in gas. is there a way to not pay gas and get my missing rewards?

[mild tiger]

No

[undone flax]

always lose things and cant do anything about it. nice

[gloomy gazelle]

After the lockup/vesting period ends staked tokens still earn and can be withdrawn at any time. Yes

[cinder escarp]

anybody has some non financial advise on switching my slp to only ilv now? (and restake)

before ilv goes to the moon and i barely get any from the slp anymore

[south fable]

If you expect ilv to outperform eth in the coming months then it is beneficial to switch slp to ilv. If you don’t think this will be the case then it it better to keep slp.

[little void]

Posted this is general, then realized the questions would be better suited in this channel….

I have some ILV that has been in the V1 ILV pool since 2021. What should I be doing with it and the rewards, as a person looking to simply accumulate at this point and not sell? Withdraw both (in vesting page) and restake?

[south fable]

Have you upgraded to v2?

[little void]

No not yet

[south fable]

Back in 2022 there was an option to upgrade your stake to v2. I think you can still do it now. If you didn’t back then that means that your stake did not receive any rewards for a very long time. So upgrade to v2, then claim your rewards if you have any and that’s it, you don’t have to do anything else, simply wait for revenue distribution that should be coming starting December.

[little void]

Okay - thanks. Appreciate it.

[little void]

So maybe I have upgraded to v2 ….as I don’t have any option for upgrade anywhere. How would I know? Can you still be in a V1 pool after upgrade? Under vesting I have deposit amounts in V1 ILV and rewards in ILV. Under dashboard, there are pending rewards shown along with RevDis.

[south fable]

The V1 symbol only means this stake was from V1 which is fine. You probably upgraded. In that case there is nothing you need to do, you can keep it as it is and accumulate more rewards.

[little void]

Great. Thanks.

[deep minnow]

I have an slp position and the weight of it is 1.49 Does anyone know what the APR on it is. I’m considering pulling it and restaking for higher apr.

[gloomy gazelle]

If my quick guess at math is correct it’s about 39% apr

You can check in the staking page by pretending to want to make a deposit at the 1.49 weight

Maybe a little more than 41%

The APR is higher for everyone than it was last I checked.

[nova marsh]

I thought APR fluctuates

[runic mason]

people definitely been pulling out of slp at least because i'm getting more tokens now than i was a few weeks ago

[tranquil bear]

Where do I find out details about the staking options?

[rose belfry]

on the illluvium website

[tranquil bear]

yea I am starting to figure it out

[tranquil bear]

what are teh best rewards for ILV only Ive got most of my eth locked up in other things

[rose belfry]

i think the APR for ILV staking is pretty low, SLV is better but i dont hold that token

[tranquil bear]

and thats staked ILV

[rose belfry]

yes - you can opt to earn sILV2 instead of ILV. If I recalled correctly sILV2 can be used in game

sILV2 was also used by many to purchase the land when it was first minted

[tranquil bear]

I am more of an investor / trader I'm not going to p[lay the game way too busy for that

[tranquil bear]

game looks epic though thats for sure

[rose belfry]

for investor - i think ILV staking is not as attractive then. Trader is pretty good as the outlook for the token is pretty strong

[tranquil bear]

yea seems like there is a long lock up for not that much reward

[rose belfry]

yes unfortunately. And i staked mine for more than a year now - bought at $500+ lol

[tranquil bear]

Ouch.... I have sooo many underwater bags but loaded ILV at 40

[rose belfry]

haha when it hit 1.5k and dropped to 500, i thought i am smart by loading up lol

[tranquil bear]

hahah I went so hard at 3ac liquidations..... its soooo bad 😂

[rose belfry]

haha yeah finally a little bit of bull. fingers cross

[tranquil bear]

yea bro same to you it'll come back just not today 😂

[rose belfry]

Well ILV was $40 a few weeks back and its $115 today. Pretty bullish lol

[tranquil bear]

yea man its been epic my highest % gainer from the bottom thats for sure

[rose belfry]

i think it will go further when the games are released. Already announced on Epic games so should hold for a bit - but not FA lol

[tranquil bear]

Yea thats the news thats pumped it for sure I didnt even realize it. Just saw ansem shilling and 40 holding strong

[gloomy gazelle]

It does

[gloomy gazelle]

That’s not what sILV2 is.

the S in sILV2 is for SYNTHETIC ILV

The yield farming Rewards do end in June 2024. But revenue distributions will continue

[tranquil bear]

ok cool thanks for the info, If you were purely an investor and you wanted to gain some yield from the ILV ecosystem what would you do? Does not seem like the rewards are that good Unless you were going to do an eth ILV pair

[gloomy gazelle]

Currently that is correct. The Apr for ILV only is low. And getting lower.

The eth/ILV pair runs the risk of experiencing impermanent loss thanks to eth ILV price divergence.

[tranquil bear]

I just dont't own that much eth and it's already in some other farms etc

[gloomy gazelle]

But the long term goal for ILV has always been the revenue distribution

[tranquil bear]

how are you guys doing revenue distribution?

[gloomy gazelle]

All revenue produced by the games (and other stuff too) goes ILV stakers.

[tranquil bear]

So the staking trewards will go up over time?

[gloomy gazelle]

There’s more than just the ILV in the two staking pools though.

[gloomy gazelle]

The revdis is not included in the apr calculations. Because there’s not been ongoing revenue yet.

Plus it’s not like it’s a predetermined amount like the yield farming rewards.

[tranquil bear]

define revdis please

[gloomy gazelle]

I’m really not sure how they’ll end up displaying how much REVenue DIStribution is being processed

[tranquil bear]

hmm Ok but there should be good rewards for it over time as teh games take off

[gloomy gazelle]

That’s the idea.

Currently there’s less than 6m eligibly staked ILV.

So $6m in revenue would mean there’s $1 distributed to each eligibly staked ILV. (Oversimplified statement but true enough)

any ILV that’s staked as either ILV or eth/ILV is eligible.

[tranquil bear]

I'm not that good at this stuff so oversimplified is welcomed

[gloomy gazelle]

But there’s also the treasury tokens and vesting team tokens that are also eligible for revdis (revenue distribution)

[tranquil bear]

I am just looking at that now

[hushed hedge]

i just withdraw slp, how do i swap to ilv?

[gloomy gazelle]

There’s a revdis contract that is run when there’s enough eth to swap for ILV. That ILV then just sits in the contract waiting for stakers to claim those their revdis rewards that have accumulated over time. When you claim your revdis these ILV are claimed directly to your wallet. No lockup time.

[gloomy gazelle]

#🥩〕staking message

See. Some people like meta Dave here are removing their eth/ILV deposits and are going 100% ILV even though the yield farming apr is lower. They feel it will be better for them that way.

[tranquil bear]

that does seem interesting we do not know what the rewards will be at this time though

[gloomy gazelle]

Yeah. But they want more ILV. So they change it over.

[tranquil bear]

ILV would be more profitable the way things are going

[gloomy gazelle]

So that’s the decision point really. Do you feel like the 50% ish apy on the eth/ilv is going to be better than just holding twice as much ILV at this price.

To get that apy you’d have to lockup for a year.

[hushed hedge]

im just swapping to ilv now for long term

[mild tiger]

https://tenor.com/view/brain-gif-22265960

[tranquil bear]

twice as much ILV at this price is much better ETH is a stablecoin at this point so simply staking and vesting is probably actually the best choice

[gloomy gazelle]

Dang. Yall really keep making me consider switching out my SLP for ILV only. But with my vesting/vested rewards I’m already at like 75-80% ILV already. Diversification right?

Don’t answer that.

https://tenor.com/view/nfa-illuvium-wink-ilv-discord-gif-23282501

[tranquil bear]

awesome your a legend thanks for helping me out

[gloomy gazelle]

Good luck man. Be safe. Remember: 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.

[tranquil bear]

1000% still finding my feet in all this thank you again 🚀

[junior nacelle]

Hi guys, just wanted to be sure of something... Once we stake our tokens (for example locking SLP in for a year), after they become UNLOCKED, as long as we DONT withdraw them, and KEEP them staked, they KEEP earning yield rewards FOREVER, to the END OF TIME, until we withdraw them - right?

[mild tiger]

Not yield rewards, they end in July I think.
Revdis will be forever if u stay staked

[junior nacelle]

July of 2024?

[mild tiger]

Yes

[mild tiger]

15 more epochs

[junior nacelle]

Ohhh ok, I didn't realize that! So that means that in July 2024, it would be useless to leave all my withdrawable rewards just sitting there? Thank you!

[mild tiger]

NP

[ancient palm]

Is there any correlation with revenue distributions and APR, or when the ILV-ETH has been staked?

[mild tiger]

No

[ancient palm]

Given that an early staker and a late stake have deposited the same amount of SLP (but different APR), however, will they still receive the same "revenue distribution"?

[mild tiger]

Revdis has nothing to do with APR

[ancient palm]

ok

[ancient palm]

do we know when the next RevDis will occur?

[mild tiger]

Some say this December…

[ancient palm]

oh, alright

[gloomy gazelle]

Actually there is good reason to leave deposits and Rewards staked after yield farming ends. Because revenue distributions will continue as long as illuvium is earning revenue.

[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

[junior nacelle]

Oh ok... But the yield farming rewards will end completely in July 2024?

[gloomy gazelle]

I’m almost certain they’ll end on June 30, 2024.

If not on that day then it will only be something less than 48hours different from that.

[junior nacelle]

Ok got it... Thanks so much! One more question... If we staked SLP for a 12 month lock up, then, does it make sense to even claim any more rewards from this point forward? Being that June 2024 is less than 12 months away? Thanks!

[gloomy gazelle]

Claiming rewards always has pros and cons. Claiming rewards costs gas and is like the only con.

Claiming rewards means you have more ILV earning you more rewards; creates more opportunities to withdraw ILV tokens in batches once the 12-month vesting period is over; claimed rewards that are vesting are also eligible to receive revdis; claiming starts the vesting period so never claiming pending rewards means you’ll never be able to withdraw the rewards.

⤵️

[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.

[junior nacelle]

Right bur like since it's less than 12 months from now until yield rewards stop completely, then, does it make sense to keep claiming rewards right now? Since every time I claim rewards, they're locked up for 12 months, right? That means if I claimed rewards right now, they'd be locked up until November 2024, and the yield rewards end in June 2024, so that means that from June 2024 to November 2024, they'd be not collecting any rewards, yet also be locked up - right?

[gloomy gazelle]

If you claim rewards in July 2025 they will still be locked until July 2026

So claim them when it’s worth the gas to claim them

Earning for 6 months is better than not earning at all

[junior nacelle]

oh wait hold on, I think I had a misunderstanding of the rewards system... can you let me know if this is all correct?

• the yield rewards will END in June 2024
• the revenue distribution rewards will CONTINUE past June 2024
• REGARDLESS of whether or not I decide to withdraw my ENTIRE investment of ILV (in the form of claimed rewards) or SLP (in the form of staked tokens), any rewards that are claimed are subject to a 12 month lockup
• therefore, if I DONT care about receiving revdis rewards, and ONLY care about receiving yield rewards, then I should claim my last rewards on June 2024, withdraw all the SLP + other vested rewards I already have that have been unlocked now for months, and wait one year for that last bit of claimed rewards to unlock in June 2025, and then claim that in June 2025 (even though that last bit of claimed rewards would NOT receive any yield rewards from June 2024 - June 2025, and would ONLY receive revdis rewards for that time)

Is this all correct? Investing in Illuvium has been the most confusing investment I have made in my entire life, by far! Lol

[gloomy gazelle]

1. Correct
2. Correct
3. Correct
4. Not quite. But with the apr of the ILV only pool as low as it currently is… pretty much correct. If you claim rewards they also earn yield farming rewards during the 12 months they are vesting (they would earn at the low apr rate of the ILV only pool since rewards are only ILV; additionally they’d only be earning yield farming reward for the 7 months of yield farming that remains)

[edgy kindle]

On the staking page, it says that my APR from the ILV/ETH pool is 58%. Does anyone know about how much of that is from ILV rewards and how much is from trading fees for the ILV/ETH AMM?

[timid plaza]

How does the staking weight works

[gloomy gazelle]

Exclusively from the ILV rewards.

[gloomy gazelle]

The trading fees become part of the staked principal, the deposited eth/ilv SLP tokens.

[gloomy gazelle]

Your weight is determined by the length of your lockup. 2x weight for 12months is the maximum. The weight is then used as a multiplier for the contracts to “pretend” for mathematical purposes that you have 2x the amount of ILV staked. This happens for all the tokens in the contract at the same time. So when you are being awarded rewards it gives them to you as if you had 2x the tokens staked.

If you’d like the hard math you can read the tokenomics in the tokenomics article or the whitepaper.

[prisma vale]

Can someone help me undo my LP tokens ETH/ILV? I don't know where to do it

[gloomy gazelle]

#🥩〕staking message

[near linden]

hey, i have some ilv im interested in staking, im mainly interested in the revdis, is it best to stake for 12 months?

[gloomy gazelle]

Yeah. That’s the best way to get the most revdis.

[near linden]

thanks

[timid plaza]

https://tenor.com/view/thank-you-thanks-hey-bro-fist-bumb-gif-16262296206650437916

[trail hornet]

If I have V1 ilv that has been staked since late 2021 and not withdrawn, will I need to make it V2 at some point, and is it earning yield

[cursive yew]

How can I calculate the worth of my lp again? :)

Say I have 1 slp, can I check somewhere what I would get for that right now?

[bright heart]

Zerion

[cursive yew]

Thank you thats amazing!

[gloomy gazelle]

It’s still earning so as it has a white v1 next to it in the vesting tab. If it has a red v1 then you just need to do the staking v2 upgrade that needed to be done after the v2 contract launched in late March 2022.

[fierce totem]

I hate coinbase, their holds take too long

I saw a platform today that accepted cashapp and was a good 5% more eth than using debit/ach (after fees & such)

[echo inlet]

i havent claimed any of my rewards and been staked for over 2 years i think. If i withdrawal all my LP but keep the earned rewards will I still earn rev dis? or do i need to be staked with LP? thank u in advance

[tribal creek]

My LP weight is 1.08 and can be withdrawn. Is it better to withdraw and restake my LP to get weight of 2 to get 2x the yield for staking? Is my thinking correct?

[versed coral]

You will still earn revDis because the claimed rewards are vested for 12 months. No LP needed

[timid plaza]

So If I stake by example for 12 months, I can still claim my ILV rewards every month correct ?

[echo inlet]

Nice. even the ones that are past the 12 month lockup? As long as i dont withdrawal correct?

[versed coral]

Exactly. Anything you see in the vesting tab will continue to earn as long as they’re listed there. No matter if locked or unlocked

[versed coral]

You can claim whenever you want. Depends on whether the gas fees are justified for the amount you’re claiming

[versed coral]

You will get higher yield (and revdis) with higher weight. So your thinking is correct

[timid plaza]

100% of the revdis will go to ILV stakers correct ?

[dense fable]

Hi. If I stake ILV now for 1 year does it influence my participation on ILV RevDis distribution vs if I stake later - once RevDis is life? (staking for 1 year in both scenarios).

[mild tiger]

Yes, except 5% of fuel sales go to land owners

[timid plaza]

I just did the math ILV is so under value funny asf

[mild tiger]

Once staked you get revdis for life if it stays staked

[dense fable]

Also what is the difference on RevDis participation if I stake for 12 months vs e.g. 3 months / 1 month? What is the formula?

[dense fable]

thanks, but there is bigger RevDis allocation for longer staked ILV right?

[mild tiger]

You get weighted at 2x for revdis is u stake 12 months

[dense fable]

No other multiplier for shorter staked tokens?

[dense fable]

Also there is some confusion about RevDis distribution as 5% and 100% are mentioned distribution.

It is like that 5% of total ingame spent goes to ILV vault, which is from 100% distributed to ILV stakers?

Where does the other 95% go?

[mild tiger]

No
So 100% of all revenue minus fuel sales goes to revdis
Then 95% of fuels sales is also added to revdis
The remaining 5% of fuel sales goes to land owners

[dense fable]

So Sam Withers (just published tweet) is wrong?

[dense fable]

this was my inital understanding as well.

[mild tiger]

He fixed it

[dense fable]

he published a new one like 4 minutes ago
with 5% example again

[mild tiger]

Idk, he is human, he could of made a mistake…as am I

[mild tiger]

Just looked at it, not sure what he is saying re: the 5%.

Stakers get 100%

[dense fable]

Yeap but from which pool is interesting.

Quoting WP:

100% of the Vault Revenue is distributed back to stakers as $ILV. The Vault receives revenue from in-game purchases and marketplace transactions.

So the question is does 100% of revenues goes to Vault revenue or only 5% as Sam is reffering to and then stakers get 100% from Vault revenue.

Finally @steady trellis typing. the legend

[steady trellis]

100% of non fuels profit
95% of fuels profit
=> goes to eligible revdis (stakers)

5% of fuel profit
=> goes to land owner (via selling of their fuel)

[dense fable]

So Sam Withers is wrong on his recent tweet? Why is he always using 5% example?

[mild tiger]

Yes

[steady trellis]

He corrected in a subsequent tweet/xeet/whatever

[mild tiger]

It an even newer tweet

[steady trellis]

Changing « revenue » by « profit » before people ask

[dense fable]

He posted the new tweet with the same mistake and new calculations.

[steady trellis]

Well, let him know, we all humain and can make mistakes 😄

[dense fable]

I will let him know and summon you there

[steady trellis]

His last tweet is about volume on the market

The royalties

[dense fable]

I see now. Good point. Confusing a bit.

[steady trellis]

@silent wigeon is right though, daily volume of axie will destroy the token price

Even if it’s 1m$ daily in royalties, buy back will be epic, and everyone that is looking at market cap to value the project will be dead wrong

[mild tiger]

100% brother.
Its gonna be a self pleasing loop & its gonna be beautiful

[steady trellis]

By the way, less than 6m token can receive the revdis right now,

[obsidian saddle]

just joined, whats this telling us ?

[mild tiger]

That u joined the right spot

[steady trellis]

I think Sam should take example like this one but with everything in:

People play the game and spend 10m$ a day => 9.5m$ for eligible ilv
People buy for 10m$ a day on the market => 0.3m$ for eligible ilv
Beyond sell for 0.5m$ a day => 0.5m$ for eligible ilv
People buy for 0.2m$ merchandise a day => 0.1m$ for eligible ilv
Etc
Etc
Etc

[obsidian saddle]

anything i need to know ? im pretty new to ilv, my dad was saying something about makin some dosh with SILV2 ?

[silent wigeon]

Okay, either I'm getting mixed information from peopel and also my own input is wrong lol

[steady trellis]

Tell me

[silent wigeon]

my understanding is this in simple terms:
5% of all sales go to stakers aka somethign sells for $100 Illuvium tresuary gets $5 which then buys off the market to give back to stakers yes? (is the 2% IMX ontop of this because the way i sore it written it sounds like it was)

[steady trellis]

In game: I buy a tiers 1 travel for 10$

9.5$ goes to eligible ilv
0.5$ goes to land owners

Now I catch 1 illuvial but it’s a beast and I can sell it for 1000$ on the market place.

Illuvium get the royalty fee of 3% (I think) so 30$ goes to ilv eligible

I buy an illuvitar disk at 40$, 100% goes to eligible ilv

[silent wigeon]

ahhh

[steady trellis]

I buy a merch, let’s say a Displate. 75$ (I think) but the cost of material, production and shipping is 40$ then 35$ goes to eligible ilv

[mild tiger]

So it is a even bigger steal!!!

[silent wigeon]

That is written much better.

[steady trellis]

All the NFT of the ecosystem, illuvials, illuvitars, boards, emotes, etc are subject to the fee

[silent wigeon]

is it 3% for illuvium and IMX gets 2% ontop or 5% and 2% ontop of that

[ember ginkgo]

3 - 2

[timid plaza]

1+2=3

[steady trellis]

Then In game you don’t only have the cost to travel to a region. But also the curing of shards (to be able to capture illuvial) and also to craft gears.

All this require fuel.

95% to eligible ilv, 5% to land owner

[ember ginkgo]

Or did that change to 4 - 2 ?

[steady trellis]

So when people say 95% goes to eligible ilv, and 5% to land owner. They are not completely right. But very close.

[steady trellis]

Yeah this one is the one I never remember 🙃

[mild tiger]

I think its 3/2

[silent wigeon]

cost of curing shards is paid in?

[steady trellis]

Fuel or silv2

[silent wigeon]

any cost to evolve an illuvial?

[steady trellis]

You buy fuel in eth

[steady trellis]

I hope not lol

I think the cost is « hidden » in the fact you need to level them by playing them, if you can level them in arena then no cost

[silent wigeon]

or transferr/get it from your land I presume

[silent wigeon]

yeah that makes sense

[steady trellis]

I don’t think you’ll be able to or again the mechanics will be hidden

Because if you transfer from your land for you to play, the Dao still need to generate x9.5the fuel to get its share

[mild tiger]

& revdis is all bought in ILV off of the market causing a beautiful loop of buying pressure that literally never ends…

[silent wigeon]

interesting so how do you think it will work? u sell to the fuel pool get your eth then have to rebuy back in game?

[mild tiger]

U can use your own fuel in game

[steady trellis]

Either that or the team @have the time to build the mechanic and hide it.

« Send my fuel to my account » end up being

• selling on the market for market price = fuel sold
• buying on the market for market price = fuel bought and send to your overworld account

Kind of

Fuel are in game ressources, not token on the open market

[silent wigeon]

Okay i now fully understand

I should really fix that post to be more accurate
Thanks for this

[steady trellis]

If someone is asking you « wtf this tokenomics how the team pay itself » the team have 1.1-1.2m token eligible to revdis

[silent wigeon]

So they stake that and it should be enough to pay for the team but they would still have to sell those tokens I presume

[ember ginkgo]

Why would they sell those tokens? Then they don't get revdis anymore

[steady trellis]

Sell back the revdis

[silent wigeon]

no as in they sell there rev div tokens to make payrole

[ember ginkgo]

Ah yes

[timid plaza]

Revdis can be claimed right away right ? No locking period

https://tenor.com/view/evil-laugh-rub-hands-patrick-star-evil-plan-gif-15072939

[silent wigeon]

To my understanding there was a locking period no?

[timid plaza]

Nope

[ember ginkgo]

No, not for 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

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.

[silent wigeon]

Wow okay again I had no idea

[versed coral]

Compounding effect also sounds nice to some people I guess. Restake the revdis for more revDis 👌

[vivid cove]

It can be huge! 🙌

[atomic haven]

When you claim your rewards and they enter the 1 year Vesting period are they Generating anything? Or is it simply a 12 month period you have to wait to collect?

[autumn marsh]

I have been staking in the ILV/ETH pools for over a year. All my ILV/ETH is now unlocked. My rewards have built up in the pure ILV pool and some of this is unlocked and the rest will unlock over the next year.
When originally I set this up, I used a MetaMask hot wallet. I now want to transfer my stakes to a Ledger cold wallet.
In the Illuvidex Staking window, and the Dashboard tab there is a Change Wallet button. Is it sufficient to click that button and then paste in the address of the ledger wallet?
I originally staked it for a year, so will the rewards weighting remain at 2 X and will it remain unlocked after switching to the Ledger wallet?
I have already set up my Ledger using MetaMask.
I plan to keep some of it staked as ILV/ETH. I also plan to convert some of the ILV/ETH into pure ILV before I restake it. Presumably I will have to withdraw that and swap it from SLP into ILV tokens.
Thanks for any help!

[subtle gulch]

Just confirming since it’s been a while.. I staked tokens, they are all unlocking now, will the remain gaining their interest at the locked rate until I withdraw or do I need to go lock back in?

[versed coral]

They generate yield aswell

[versed coral]

You can keep them as they are. Any token that you see in the Vesting Tab is generating yield. No matte if they’re deposits or rewards

Restaking an unlocked deposit only may make sense if you want to change the weight of it.

[versed coral]

I am not very fond with the change wallet feature, but if you plan to swap your SLP into pure IlV anyway, my suggestion would be to move them over to your new wallet manually and stake them there by yourself. I know, however that using the change wallet feature doesn’t work if you had any deposits which were in V1 staking. Do you know if you staked in V1?

[autumn marsh]

Hi @versed coral,
Thanks for your response.
What are your concerns with the change wallet feature?
I started my staking at the beginning of November 2022. I had no staking prior to that. I am not sure when the V2 contract came in.
Some of the staking is already in ILV. I also want to keep some of the ILV/ETH as SLP. I want to keep the 2x RevDis and I would prefer not to have to lock for a whole year. We don’t know what will happen after 30 June 2023 and I would like to keep the flexibility of being unlocked at that point in time.
I staked my ILV/ETH several tranches so I can process each portion differently. I do know that I will have to do some of it manually.

[gloomy gazelle]

You are then completely in the v2 contracts.

[gloomy gazelle]

You should not have issues using the Change wallet feature. If you don’t mind waiting to hear back from #❓❓〕support you could contact them on the website and be sure that you are doing the transactions in the best order possible.

[boreal pier]

Soooooooooo glad i staked for 365 LOL LFG!!!

[autumn marsh]

@gloomy gazelle Thanks very much for clarifying the V2 contracts. I have contacted support. I will start the conversion of the SLP to ILV myself as that is more straightforward.

[noble osprey]

so we are currently receiving yield farming + revdis are already accruing?

[cyan rampart]

Revenue is currently being diverted to the Safety Pool, per IIP-29 #1068378482352083006 message

So revdis isn't accruing, but yield is ongoing until June. The Safety Pool is also nearly filled, at which point revenue will go towards revdis again.

[trim prism]

Why have the pool ILV / USDC on uniswap so less TVL? I prefer normally stable / Token. After open beta I am sure the most people want Stable - ILV

[ember ginkgo]

Pool is on Sushiswap, use #🔗〕helpful-links

[trim prism]

TY

[hot lynx]

I don't get this 5% to stakers comment

[gloomy gazelle]

Yeah. Someone talked to him about that. He saw the issue now

[hot lynx]

Been here for close to 3 years never heard stakers only get 5%

[dusk kestrel]

He’s talking about Volume Royalties - 5% of Volume Fees go into Revdis

[hot lynx]

Very unclear not good

[gloomy gazelle]

Hmm it’s not accurate either.

[hot lynx]

Total misinformation

[gloomy gazelle]

Illuvium gets 3% and imx gets 2% on nft trades

[hot lynx]

105k followers ... help

[opal meteor]

hi, which channel for key epicgames?

[hot lynx]

#💬〕general

[hot lynx]

An edit on his orginal tweet with a thread would be ideal

The staking story is way better than that post

[hot lynx]

I tagged you on X 🐦

[hot lynx]

He updated his tweet great 👍

So all good Stakers rejoice

[plush jolt]

Possibly a stupid question. I’ve been staking for a long time. A lot of my staking rewards have unlocked. But are they automatically still staked once vested and unlocked? Or do I need to claim them and re-stake them?

[craggy field]

You don't need to restake! You will just have to claim your rewards in ILV once a while so they compound but you don't have to withdraw anything.

[plush jolt]

Perfect. Yea I’ve been claiming my rewards once a month or so for a couple of years. But once they have unlocked I just wanted to check they are still staked and gaining rewards until I withdraw them. And it sounds like they are and will get revdis too which is the main thing

[craggy field]

Yes that is correct! just keep them on there and you'll be set for life 🙂 No need to touch em

[plush jolt]

Legend

[silent wigeon]

Don't worry I will do an updated video and post it as I had some inforamtion wrong. 🙂

[hot lynx]

Great mate I am a massive supporter 👍

We both joined ILV 16th 18th of August 2021 OG brothers

@silent wigeon

[silent wigeon]

Haha love this ☺️

[frosty mist]

I also follow your tweets, thanks for making the easy to read content

[pine maple]

are all staking rewards done after epoch 78? which is about 6-8 months or so?

so it was probably silly to lock my ilv/eth for a year? 🙂

[gloomy gazelle]

All yield farming rewards are done then. But there will still be revdis for the ILV side of your SLP deposit

[worthy heart]

So we have to pay gas to get our rewards and staked ILV back? I currently would lose money after I vested my year since I only did 1 ILV. Am I missing a way to just load it onto my illuvium wallet or something?

[last hawk]

you can still earn rewards without to restake. no need to restake.

[worthy heart]

but when you claim the reward it is charging a gas fee, is there a way to avoid that?

[last hawk]

no sorry.

[worthy heart]

So I just can't claim my reward since it is less than gas? plus then I get charged gas again to get out my original stake, so in the end the investment lost money?

is there at least a way to combine reward and original stake and only pay gas once?

[last hawk]

don´t think so. sorry. wait for gaz to get lower. its high right now.

[worthy heart]

ya I'm in no rush, just was trying to figure out what all was and wasn't possible

hopefully ILV skyrockets and then I actually get some of the reward

[dense oracle]

the ILV rewards that were loced for the 12 months and are now not locked- they are only at 3.5% around-- is that correct that are not at the same ae as the ilv/eth pool

[tawdry comet]

What is the SLP token that needs in order to stake in the ILV/eth pool?

[cyan rampart]

It's a sushi liquidity pool token, you can obtain it by providing liquidity for ILV + ETH on Sushiswap.

[cyan rampart]

The APR on the ILV only pool is not the same as the ILV/ETH pool, that's right. Rewards you claim as ILV are staked in the ILV only pool.

[tawdry comet]

I cant do that through your staking page?

[cyan rampart]

Correct, you can follow the link through #🔗〕helpful-links to get to Sushiswap.

[mental dagger]

Hello everyone, I have a rather distressing situation going on... hoping the mods can help... I have staked illuvium (SLP) a few years ago with a ledger nano wallet + metamask, and recently, the seed phrase to my hardware wallet has been compromised... I am looking to fix this as soon as possible... I opted to stake my SLP a few years ago for a lockup of 12 months, so, they have already been unlocked many months ago and are currently withdrawable right now... what would be the best steps forward? should I withdraw this SLP right now and move it to a different wallet? If I do so, would I have to convert SLP to ETH/ILV in the process, thus incurring the inevitable impermanent loss right now? Or, could I move it as SLP to another wallet WITHOUT incurring impermanent loss? Really hoping I do not have to incur impermanent loss right now, as the discrepancy between ETH to ILV from the moment of purchase to now would crush a lot of my gains... thanks all

[cyan rampart]

You don't have to convert SLP tokens to ILV + ETH to transfer them, they can be sent as-is.

However, if your seed phrase is compromised, it's possible the scammer is running a sweeper bot on the wallet, so any tokens that are in the wallet could be transferred out.

[mental dagger]

Hi, thanks for the prompt response... it's not exactly a "scammer" who compromised my wallet... it's... more personal... I think the chance of anything actually being taken from me is very very low, but just for peace of mind, I'd like to transfer it out as soon as possible...

Alright, that's great if I can just transfer it as SLP... no tax implications would be made from doing this, right? Since I wouldn't be selling it for my fiat currency? And also, if I re-staked the SLP again after transferring it, and lock it up for a 12 month lockup in order to get the best yield, then that means all the months that it is locked up earning rewards from July 2024 to November 2024 would be "useless" stakes, right? Since you guys are ending yield rewards in July 2024? Thanks so much for your time...

[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]

Oh I gotcha, that makes more sense. I can't speak to tax implications, but transferring tokens is just that - a transfer. Typically treated differently than a swap for tax purposes. An accountant would know more about how each is treated in your jurisdiction.

Correct that yield ends in June 2024, and so you wouldn't be getting yield after that (July to Nov in your example). However, SLP positions are eligible for revdis on the ILV component (which ends up being 50% of the value of the SLP token). So not totally useless during that period.

[mental dagger]

ok got it... alright, is there ANY way at all to transfer the SLP to another wallet while it is STILL being staked? Or, is ONLY possible by actually withdrawing it (and thus cutting off the rewards that it is currently getting)? Thanks so much

[cyan rampart]

You could try the change wallet function, it only works with wallets that don't have a history of staking in V1, and I'm not sure if it works for unlocked staking positions, but it could be worth a try.

[civic dove]

Hey GM. I have some sILV tokens I have been sitting on for ages but the staking site doesn't seem to recognize them. I also noticed it says sILV2. Was there some sort of swap or update I needed to do for that?

[formal cave]

If I have v1 ilv and SLP staked, are they still generating rewards?
There's no upgrade button available so I'm not sure if the v1 tokens are actually getting any staking rewards
It's been sitting there for a while and if they are not generating any rewards, then I've been missing out quite a bit >_<

[cyan rampart]

Yeah, there is a swap you'll need to do. https://illuvium.io/news/39-how-to-claim-your-silv2-reimbursement

[cyan rampart]

The upgrade button stops showing up if you've done the upgrade. You can double check because upgraded V1 stakes have a white V1 icon, if they haven't been upgraded they will show up as red. You can check that in the Vesting tab.

As long as they have been upgraded, they are getting rewards.

[formal cave]

Ah okay got it, they are white so it should be good then, thanks for the clarification!!

Ilv only have 1 version so v1 or v2 doesn’t matter when you unstake since you get back the same ilv token right?
Only silv have different versions, and v2 silv is the valid one currently?

[cyan rampart]

Yeah, same ILV tokens whether they are staked in V1 or V2 contracts. sILV2 was a replacement token for sILV after it got compromised, but nothing like that has happened to the ILV token.

[formal cave]

Awesome, thanks so much for the clarification!! 👍

[civic dove]

I'm not seeing any sort of upgrade button on the staking site for me.