🥩〕staking

[cyan rampart]

https://silv2.illuvium.io/

There's no button anymore, the banner got pulled down after 6 months or so. You should still be able to claim directly.

[civic dove]

Ah, that worked. I see my claim

Thank you

[cyan rampart]

NP

[mental dagger]

Damn, I did stake in v1... Do you know if I could add a BIP39 to the ledger while still leaving my SLP staked? Would that be a possible means of protection?

[cyan rampart]

If someone has the seed phrase for the wallet, or potentially does, I'd get everything off the wallet personally.

Having a new seed phrase for a different wallet on the ledger wouldn't do anything to protect the original one if it's compromised.

[mental dagger]

ok... just to be sure, (1) the SLP that I still have that is staked + unlocked (withdrawable) is STILL collecting rewards today, and also, (2) each of the dozen or so ILV rewards that I have in the Vesting tab that are ALSO unlocked + withdrawable are ALSO collecting rewards today, right? Are both of those points true? And by withdrawing them, they will STOP providing reward yields until I STAKE them again, right? Thanks so much...

[cyan rampart]

Yeah, all of these points are correct. Your unlocked staking deposits are still collecting rewards. Your claimed rewards are still collecting rewards. When you withdraw them, they will stop collecting rewards. If you stake them again, they will start collecting rewards again.

[mental dagger]

ok... alright... and, do you think it would be adequate protection if, instead of getting a new ledger wallet ($200), I just made a new account with a passphrase + new seed phrase on the EXISTING ledger device? On the compromised ledger, it ONLY had just the seed phrase, no passphrase of any kind

[cyan rampart]

Yeah, I'm not sure what the nature of the issue you're having is. If there's a chance someone has installed software on your current ledger, you should replace it. If that's not the case, and someone just got access to the seed phrase somehow, you can definitely just make a new wallet with a new seed phrase on the existing ledger.

It's basically the same idea as why you don't buy secondhand hardware wallets. If it's been outside your possession at some point, it can be a gamble to use it.

[mental dagger]

ah ok... alright... the situation was the latter... ill just throw the cards on the table... me and my girlfriend had a breakup today, and we had been dating a year, and I never SHOWED her the seed phrase, but its been in my drawer the whole year (we live in a small house and don't have much furniture to stash it in), and she knows nothing about crypto, and its just like, you know, theres probably a 98% chance she doesnt even know what the hell this stuff means, but you know, just for peace of mind, I really want to take care of this... so its no tech savvy hacker Im dealing with or anything like that, just an ex... who might've seen it and gone, "huh"...

[cyan rampart]

Yeah if that's the case, just a new wallet on the existing ledger should be fine.

[mental dagger]

Yea... ok... then theres also the issue of, if I DO withdraw the rewards, and stake them again, if I stake them for a whole year to get the most rewards, then I might miss out on a great time to SELL them, since the crypto bull run may come sooner than one year from today (and also, July-November 2024 would kind of be "useless staking" for the most part since yield rewards end June 2024, unless revenue distribution blasts off)... alternatively, I could lock them up for only 6 months, but that would yield far less rewards than the 12 month lock up... decisions, decisions... I'm just kind of thinking out loud here...

[cyan rampart]

Yeah all good, I can't really give advice in that realm. Can help explain what's possible, but can't advise you on investment strategy. Entirely up to you.

[mental dagger]

Theres risk and reward outcomes in each of the 3 scenarios... don't do anything, retain maximum sell flexibility + 2x yields, risk losing it all to psycho ex... cut back a lot on potential rewards and refrain from selling for the next 12 months, and I will surely not lose it all, but may miss the top (not that anyone can time it, anyway)... cut back a LITTLE on potential rewards and refrain from selling for the next 6 months and I still surely wont lose it all, but wont get as much yield as I couldve... not the kind of shit I want to be thinking about after a breakup

Anyway, thanks so much for your help... you have clarified a lot for me... thank you

I know you can't give advice, but are you able to let me know just personally, for yourself, if you were in my shoes, which one of those 3 options you would go with? The amount staked is not insignificant... Thank you, sincerely...

[cyan rampart]

I (somewhat) recently added to my SLP position.

[mental dagger]

I see... but, can you say which one of those 3 paths you would take, if you were in my shoes (not financial advice)?

or not? That is ok too

oh, wait a second... I just saw something... the yield rewards calculator on the Illuvium website is showing that the estimated APR for a 12-month stake is ~58%, and for a 6-month stake it is ~43%... I thought the 6-month was half the yield of the 12-month stake, but it is only about 25% less... I didn't realize that... I might do that option actually

[dense geode]

well u have to keep in mind that the yield farming in the slp pool will stop in july 2024.

[mental dagger]

Oh yes, I haven't thought of that actually... that is quite true... ok, maybe in my case it really does make sense to just withdraw the SLP + all withdrawable ILV rewards, send them over to a passphrase-protected account from the same compromised ledger device, and then stake them for 6 months, which turns out to be just around the time the rewards end, anyway... I'll be getting 25% LESS rewards from here on out in exchange for peace of mind... thank you for your insights

Does anyone know the ins and outs of setting up a passphrase? I've got to reach out to ledger support

[dense geode]

i have never done it so couldnt tell u sorry

[mental dagger]

no worries thank you for the help

[hexed edge]

So what happens after that? Will anything currently staked stay staked? And this include ILV staking or just SLP?

[dense geode]

no it is just for the slp staking, the ilv part of the slp stake will still be eligible for revdis yields. but the eth part wont.

[gloomy gazelle]

Yeah their website and the ledger documentation is pretty helpful

[twilit sinew]

does staking duration affect revdis ? no right?

@gloomy gazelle

[candid kettle]

Yes, the longer the lock time, the higher the revdis, with a weight of 1 for the minimum time and a weight of 2 for the maximum lock.

[twilit sinew]

really? i thought lockup duration only affected the rewards

[gloomy gazelle]

That’s incorrect though. Lockup time gives higher token weight and token weight does impact revdis

[latent solar]

Is there a distribution diagram that shows the amount of ILV staked on a per wallet basis?

[barren hull]

hey, when my staking period is over and I don't withdraw the tokens, will I continue getting rewards?

[dense geode]

yes

[barren hull]

ok nice so I don't have to pay gas to withdraw and stake again, that`s great to hear

[gloomy gazelle]

I believe that the always incredible xastor has that on his dune page. #🥩〕staking message

[craggy slate]

the APR we see for the SLP is only for the ILV portion? so, if i have SLP with 10k in ETH and 10k in ILV, 56% APR = 56% of 20k or 10k?

[brisk surge]

56% of 20k

[candid kettle]

ARP is calculated based on the total, while RevDis is calculated by considering only the ILV portion in the SLP token.

[vital sail]

Is this true? 2x on staking rewards for max lock plus 2x on RevDis separately?

Or did you mean that we get 2x on staking rewards only, therefore, indirectly leading to higher revdis?

[candid kettle]

The weight for RevDis for the maximum lock is 2. I don't recall if the APR doubles in comparison to the minimum lock, but it increases significantly. You can check by simulating the lock period on the website.

[mental dagger]

Hello everybody, I just wanted to give you guys a huge shoutout to the team, you really deserve it... yesterday I was talking with a mod in here by the name of Blickter and he was very responsive and helpful... very few crypto projects have such a level of support, you can trust me on that... I was able to successfully withdraw ALL my SLP + ILV rewards from my compromised ledger account and send them into my newly-created, passphrase-protected ledger account, and I can breathe a huge sigh of relief... theres not a god damn thing my psycho ex can do to take it now. Thank you guys so much - I was with you since the beginning and I will be with you to the end.

[timid plaza]

Psycho ex 😂😭😭

[bitter finch]

Hey guys, probably a silly question, what happens if my 1 year stake expired and i leave it as is? will ir continue to generate the same returns or do I absolutly have to spend like 100$ in gaz fees to restake it again? Thanks

[candid kettle]

Even after the lock period ends, the stake continues to receive rewards and eligible for RevDis with the initial weight.

[cinder escarp]

and gas fees arent 100 dollars anymore

[cinder escarp]

does that count for the ilv rewards too that were vesting?

[thick crypt]

Will there be new incentives to be staking in ILV-ETH when the rewards pool is completely distributed?

[cunning perch]

Any ILV that is staked (locked or unlocked) will be receiving RevDis if that’s what you were asking

[cunning perch]

Imo that remains to be seen. There won’t be any yield, and I guess ETH-ILV can still be staked to get fee bonuses from the pool, but outside of that, we shall see.

[thick crypt]

I imagine there’s gotta be something, otherwise lots of LP stakers will just swap ETH-ILV for ILV and stake for full RevDis distributions

But that would be bad for liquidity on sushiswap

[cunning perch]

There will still be a lot of liquidity cuz all tokens will be unlocked, but it’s too soon to say for sure what will happen. There can be proposals put forth for the council to decide if there should be an incentive for that

[craggy slate]

considering most of the ILV inflation going to end soon, if revdis is only on the ILV portion of the SLP staking, don't feel I would want to continue with SLP staking ... why would anyone, am I missing anything here?

[thick crypt]

New incentives?
Low liquidity = bad slippage

So I’m sure proposals will be made before yield rewards end

[cunning perch]

YOu are not. ETH/ILV pool gets good Yield but smaller RevDis and later when Yield ends, well, you gotta decide what to do. Too early to say if there will or should be an incentive to stay in. I bet we'll see much more discussion around it in the near future

[bitter finch]

Thanks for the reply! So if i understand your statement correctly, if initially i locked my SLP and ILV at double weight, i will continue to get 3.58% for my ILV and 57.43% on my SLP? Basically instead of withdrawing and restaking, i just leave it there.

[candid kettle]

Yes, you can just leave it there, no need of restaking

[foggy hazel]

Hello guys.. I would like to ask if what is best silv2 or ilv for my rewards in staking?

[gloomy gazelle]

⤵️

[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]

ILV is for staking and governance. sILV2 is for spending like a gift card in the game. You get to decide which one is what you want.

[swift viper]

Hi guys, am I missing something, or is staking ILV+ETH much more rewarding than just ILV? Is there any nuance that I'm overlooking?

[gloomy gazelle]

Yield farming ends on June 30, 2024. And only revenue distributions will be made after that. And revdis goes to just the ILV that is deposited. Even though that also includes the ILV in the eth/ILV deposits there’s also the impermanent losses to consider.

[reef cairn]

When will that happen

[reef cairn]

Wait so my ilv-eth will stop earning?

[craggy field]

They will stop gaining staking Yield. But Revenue distribution (revdis) is planned to then take over with the release of the open beta.

Revdis only occurred once with the revenue made from the land sale. Since then, we filled the safety pool by close to 5M and when the 5M is reached, any future revenue will be distributed to ILV stakeholders.

[reef cairn]

What about normal Ilv stake?

[craggy field]

That will also stop getting yield from staking.
But revenue will be distributed among ILV stakeholders.

[reef cairn]

Is revenue distribution a one time thing or how often will we get "our cut"

[craggy field]

They are two separate things. Staking yield is different from revdis.

Staking yield was there to get people to stake in the first place. Revdis willbe here to keep them staked.

[craggy field]

Revdis is distributed once a while when there is enough eth to distribute.
I.e. 1 eth would make little sense as 2000$ would be shared among 7M tokens.

But when the value is high enough to justify paying gas fees for the Eth->ILV swap it will be swapped. The higher the revenue, the more often you will get "your cut" added to your portfolio. then it is up to you to claim it when it is enough.

There is also an IIP on snapshot, explaining the mechanics for revdis
Google -> snapshot -> ILV -> ILV governance proposals -> IIP Revenue distribution ~26 orso

[reef cairn]

Would I be better off unstaking my ilv-eth on dec 5 (12month) and then restaking as Ilv? Or is there still a higher pay out for the slp?

[craggy field]

I dont know what the best way to manage this is.

In the previous epoch, you can read the meeting notes by the strategy subcouncil, the issue of low liquidity was discussed across multiple meetings.

If everyone removes their SLP, you would have little liquidity and be unable to swap large amounts of Eth to ILV. This would be necessary for Revenue distributions after all.

The best way forward isnt yet certain. At some point it may be good to get the largest amount of ILV tokens if you want to aim for revdis. Because your SLP will only get revdis over the ILV tokens in them. So if you convert both portions to ILV, youd have 2x as many.

Do note that you would not get Fees anymore for providing liquidity in the pool. And in the coming 6 months, the staking yield will indeed be larger for SLP stakeholders. It is a tradeoff between fees+yield for 6 months, and the perspective of gaining more revenue distribution in the future. I cant advise you which route to take 🙂

[hazy token]

Do you think that there’ll be a bit of a mad rush towards the end of the staking yield period on the SLP, as liquidity disappears from the pool? I am really meditating on APY benefits v late lack of liquidity.

Timing SLP exit is a big question for many right now, I guess.

[craggy field]

I went into full ILV a while ago. Happy not to have to stress about that anymore 🙂

[hazy token]

I hear ya. And will prob do the same before Xmas. ILV pamp also much more likely than equal ETH / ILV pamp over coming months

[dense geode]

well, when i done he math, the yield still outperforms any realistic IL i can have.
unless ilv shoots up to 1k before eth moves but ye, im down to bet on that

[hazy token]

That ilv shooting up is the magic question 😅

Can we suppress the market until end of staking rewards? 🤣

[south fable]

The timing was perfect. I swapped large amounts exactly at 40 usd ilv. 100% in ilv pool now.

[bitter finch]

So if i understand correctly, periodically i need to claim my staking rewards because they dont generate additional staking rewards? correct?

and if claim them as ILV, it will be vesting for 12 months and then if i leave it there those ILV will gain additional rewards?

[rapid sentinel]

Wen revdis

[craggy field]

Yes! Absolutely correct.

[past spoke]

What's the return rate on the vested ILV? Did i read somewhere that it doubles?

[gloomy gazelle]

It’s just the APR displayed on the staking page.

[craggy field]

Ilv tokens can be locked for up to 12 months. With that, they gain an increasing weight from 1 up to 2. ILV that you claim, and thereby start vesting for 12 months are also set to a weight of 2 automatically.

The weight determines in part the amount of staking yield and revdis that it will acrue. After all, tokens with a weight of two count double in the pool compared to those with a weight of 1.

If you stake your tokens for a year, they will have a weight of two - if you then claim ILV rewards, they will net you the same APY weighting as your stake. It wouldnt be double because they also have a weight of 2. But compared to those who locked for the minimum of 1 month and have a weight of 1.08, it would be close to double.

[past spoke]

Ahh ok that's where i keyed in on the word double. Thanks for the explanation.

[hot lynx]

[fierce totem]

What are the conditions that need to be met to earn RevDivs and when do they start?

[candid kettle]

To receive revdis, simply place ILV or create an ILV/ETH liquidity pair on the stake website. The longer the lock duration, the higher the revdis and rewards. revdis starts steadily upon the game's launch, scheduled for Q1 next year.

#🔗〕helpful-links

[reef cairn]

And our previous stakes even if not staked anymore contribute to the revdivs?

[candid kettle]

Staking only stops receiving rewards and eligible for revdis after withdrawal. Even after the lock period expires, the stake continues to receive rewards and remains eligible for revdis with the initial weight.

[reef cairn]

Yes but if I unstake my ilv-eth will revdivs apply to the year it was staked even tho its no longer staked?

[candid kettle]

the stake only counts while it is within the contract; once the withdrawal is done, it doesn't receive anything anymore.

[reef cairn]

This isn't answering my question

[candid kettle]

When you unstake, you stop receiving rewards and revdis; what you were supposed to receive has already been accounted for while it was staked. Rewards are distributed per block.

[gloomy gazelle]

He did. Rewards only ever accrue when your tokens are staked. This is true for yield farming and for revdis. Revdis is processed immediately. When the DAO activates the revdis contract it starts distributing the revdis so that the stakers at the moment of that distribution all start accruing a little bit of that distribution. The revdis that any staker has accrued just waits for that staker to claim it to their wallet. If you withdraw your staked tokens you will not accrue more revdis. Though your unclaimed revdis will simply sit there doing nothing until you claim it to withdraw to your wallet.

sorry for being a repetitive.

[hot lynx]

No self promotion

🐦

Just joking

[reef cairn]

Alright sorry for the repetitive question but heres my situation - my slp eth-ilv 12month lock ends in 3 days. I'm considering unstaking and converting eth to ilv and restaking in the ilv pool. What I'm asking is, is the 12 months I've just staked for accounted for, for the revdivs or are the revdivs a new thing that will start accounting for anything staked when the revdivs start?

Basically I just want to know if unstaking will cancel out my revdivs if the 12months has been accounted for.

[dense geode]

If u withdraw out of any of the pools, your stakes are taken out of the pool and earn nothing, to receive the same amount of weight wich in your case is 2.0 u will have to restake them if u want to swap from SLP to ILV pool.
Again for 12 months if u want to keep the same 2.0 weight, from the 1st day u lock your new stake, your tokens can receive revdis.

[reef cairn]

So rn no stake has earned revdivs and no current stake will earn revdivs, revdivs only start when they start and whatever is staking during that "block" earns, or do our stakes rn contribute to the upcoming revdivs. Idk if that makes sense.

[dense geode]

Yes, EVERY stake will generate revdis, new stakes but also the stakes we already have. But for the SLP stakes, only the ILV part of that stake will receive revdis, not the eth part.

[gloomy gazelle]

You can withdraw and you won’t miss out on anything from the past. Because there has been no revdis for more than 12 months. There’s been no revdis processed since shortly after the land sale. Being staked at this moment does not give you revdis because it’s not being processed in this moment.

Staking is always about the present moment. The past was accounted for in the past.

[stoic ridge]

hey guys, question, i have been staking ilv/eth with lock in for the boosted APR.. it is about to unlock.. i am wondering if i just leave it unlocked do i continue to get the boosted APR or does it revert back to whatever unlocked staking ILV/ETH apr is

also does the ILV/ETH get revdis as well, or only the ILV pool? if it's both, how is it calculated? thanks for help

[sterile grotto]

Q; Will land owners receive revdis?

[ember ginkgo]

No

[gloomy gazelle]

Unlocked tokens continue earning at the same weight as they were earning when locked. They earn until you withdraw them.

ILV/eth does get revdis. It only gets revdis for the ILV half of the deposit value. (Since ILV earns revdis and not eth)

[stoic ridge]

great, thanks for clarifying

[raw heart]

when you claim your ilv rewards, does it just sit there or earn apy?

[gloomy gazelle]

⤵️

[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.

[hoary yacht]

When rev dis?

[timid plaza]

Wen pamp ?

[hazy token]

Tuesday at 1435h CET

[noble osprey]

when buy back

[untold ravine]

!apy

[gloomy gazelle]

You just check it on the staking page on the website. #🔗〕helpful-links

[shell vortex]

25$ to claim rewards where are the good old days where we could do that for 3$ 🥹

[limber creek]

what does the day top give? If you take good places in it, will there be bonuses?

[gloomy gazelle]

You are asking about one of the games. Maybe #🎮〕illuvium-arena or #🎮〕illuvium-overworld but definitely not #🥩〕staking

But the answer is no. The games are just for testing at this point. No in game rewards yet.

[limber creek]

It's a pity, but the game is interesting

[gloomy gazelle]

It’ll be more interesting when it’s ready to launch

[novel jasper]

Hi all, just wondering if there is some kind of staking calculator available to view without having to link wallet etc first? also, does anyone know if the Trezor 'hardware' wallet feature has since been removed? I still see it in the November documentation but upon clicking link wallet, hardware isn't listed.

[gloomy gazelle]

Id recommend using metamask hardware integration.

[gloomy gazelle]

You could always create a burner wallet to connect to see. But I’ve got you covered. One moment….

It’s good to note that the yield farming will end in June 30, 2024. So the Apr will not even be lasting for an entire year from now. Also… apr is variable anyways. But total ILV being distributed is predetermined.

[novel jasper]

cool thanks for the information ill check it out, currently it's on my Trezor as I moved it when CZ stepped down from Binance.

[hot owl]

When you try to withdraw vesting ILV. I was told if you check multiple you save on the cost of withdrawing. However withdrawing 1 stake now is 23 dollars. When I selected multiple. About 10 it was 125 dollars transaction cost. So where are these savings exactly? It seems you get completely fucking robbed. Why was the system designed so every time you did any kind of adjustment to your stake. Added money. Changed anything you had to claim so I now I have 65 vesting postions with 0.12 ILV. Worth less than the cost to claim them. I can not but wonder if this is by design to fuck me over.

Clarification in the matter is greatly appreciated.

[gloomy gazelle]

Some withdrawals save money when grouped. But how much varies by type. If all the tokens being withdrawn are only fully vested rewards then yeah it should save some gas compared to running a bunch of individual transactions. But deposits and rewards (and SLP if that can even be withdrawn at the same time as ILV which seems unlikely) being withdrawn in the same transaction will not save as much.

Also has is crazy high at the moment.

[hot lynx]

SLP doesn't work at the same time I tried 🐦

[pine hill]

was there a timeline to upgrade to stake pool v2?

[gloomy gazelle]

Yes. March 2022 is when v2 launched.

But you can still upgrade now.

[pine hill]

i don't have the button when i connect my wallet

[gloomy gazelle]

Do you have any Red V1 icons in the vesting tab?

If they are all white v1 icons then you have already properly upgraded to v2.

[pine hill]

where am i looking for these icons? i'm on the vesting page

[gloomy gazelle]

On batches of tokens that were older than March 2022

[gloomy gazelle]

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

[pine hill]

i don't have anything to the left of the illuvium icon

[gloomy gazelle]

Then you are staked in v2.

[pine hill]

awesome 🙂 ty

[gloomy gazelle]

I mean all the “dates staked” are after March 2022 right?

[pine hill]

although, i do wish i had 40 ilv

[gloomy gazelle]

https://tenor.com/view/so-sayweall-battlestart-galactica-william-adama-bsg-twelve-colonies-gif-18616973

[pine hill]

Jan 11, 2023

[gloomy gazelle]

So that’s long after v1 ended

[pine hill]

ok, ty 🙂

[regal marten]

Man, that was good! The original battlestar galactica series! Epic.

[hazy token]

Battlestar was the best scifi series ever yes! But… it wasn’t the original

https://tenor.com/view/battlestar-galactica-thx-dirk-benedict-cylon-match-gif-17211187

[regal marten]

That does look like a very old Cylon 😆

[hot lynx]

🐦 🐳

[hot lynx]

no major dumps

[rapid sentinel]

Damn, ILV was around $550 at that time

[full sedge]

Anyone know the current APY for SLP pool?

[eternal portal]

if I claim as ILV I get it immediately to my wallet, right? Or does it need 12 more months? How about if I take sILV2, will I get the amount worth of 8.55 ILV in sILV? (~12.5)

[ember ginkgo]

?claim

[worthy lark]

Claiming Rewards

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

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

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

[eternal portal]

so 12m more

[ember ginkgo]

ILV: 12 months vesting
sILV2: instant

[eternal portal]

but silv2 directly into my pocket

damn, the additional 12m is pretty whack ngl

[eternal portal]

so then 12.5 sILV2?

[ember ginkgo]

Looks like 8.55 ?

[eternal portal]

8.55 ILV, so I would get 8.55 sILV2 only??

[ember ginkgo]

Well that are your pending rewards

[eternal portal]

no, my pending rewards are 8.55 ILV (not sILV2)

[ember ginkgo]

Inside the Illuvium eco system 1 sILV2 is valued as 1 ILV

[eternal portal]

🤣 🤣 okay buddy

[ember ginkgo]

Wait, you are the helper. You should be explaining it to me

[eternal portal]

and if sILV2 > ILV they will make ILV available instantly? 🤣

lmao

glad that I asked

[dusk kestrel]

SILV2 is Ecosystem Credit redeemable for currently Illuvitars only, pegged to the value of ILV for some purchases from Illuvium

It will never be higher than ILV unless someone makes a mistake on the DEX slippage and accidentally overpays for it with a colossal order, there’s not much of it now, liquidity on it very thin

[gloomy gazelle]

Guys this is from the article. It’s not me.

[mystic thorn]

Ya guys.. he has a lot more than that 😂 duh

[tired cosmos]

What happens if I dont claim my 'missing' ILV? The gas is pretty expensive for me to want to claim.

[fierce frost]

Hey guys I claimed missing rewards from my staking but it hasn’t gone to my wallet?

[dense geode]

it will be in your vesting tab

[fierce frost]

Let me look thank you mate

They are not there

[reef cairn]

Alright, so when dose the ilv rewards end? and how many total ILV tokens are there?

[rose belfry]

June 2024 I believe, revdis continues after that. There is a total number on the staking page, can’t remember the number offhand but recalled it was 6-8m

[reef cairn]

When you say fees here what do you mean?

[craggy field]

anyone trading in the pool pays you a certain fee for providing liquidity in said pool. -> usually this is about 1-2% of any trade's worth, and the fee is then split amongst all the liquidity providers.

So on one hand you can provide liquidity and farm trading fees in the pool. On the other hand you can just stake ILV and farm a small amount of Yield rewards and hopefully upcoming revdis.

[reef cairn]

Oh so you cant do both at the same time with the same stake right?

[craggy field]

You can. In the previous message I shared exactly what one stake or the other would mean towards your projected gains.

If you were to convert your SLP to ILV, you would gain two times as much Revdis, but you would not get liquidity fees, since you don't provide liquidity. Moreover, you would get significantly less Yield rewards in the remaining 6 months of the staking yield period if you stake in the ILV pool (up to july 2024).

So ILV stake would net you more revdis, but SLP would grant you more Yield farming rewards and Liquidity providing fees.

But i'm not saying that you would not be able to remove your liquidity and swap to ILV at a later date. You can do that at any point in time that you want. But this is be the trade off you would be considering when swapping from SLP to ILV.

[reef cairn]

oh damn, where can i see the fees that I have got from staking ilv/eth? I have my yeild on ilv site but is the fees on sushi swap somewhere?

[craggy field]

I think you can see them when you try removing liquidity from the pool on sushiswap. Dunno how to see that at other times 👀
But the fees have been rather poor. I found they weren't really worth mentioning compared to the (50%?) APY you would still get from staking yield. Don't quote me on the numbers, you can see the current APY on the site.

This is also why an idea is to make a uniswap pool, as the Fee structure is different there and you would get significantly higher fee-based returns for providing liquidity.

[simple burrow]

hello, have ILV rewards which were were locked however are available to withdraw, will i continue to receive staking interest on them if I leave them in the vesting tab? or do i need to withdraw and re-stake

[craggy field]

You continue receiving rewards. The moment you withdraw, they stop receiving rewards. So once you withdraw, you would have to restake.

So in short, dont withdraw, and you will continue earning rewards.

[reef cairn]

What are the expected revdivs to be earnd lets say you hold 50 ilv.

[rose belfry]

Hard to predict tbh, depending on popularity of the game

[reef cairn]

Lets say game earns 500k - what distribution would the staker of 50 ilv get

[rose belfry]

Not exactly sure but I would assume its distributed among all the eligible staked tokens

But if 500k, it would be pretty tiny for 50 ILV

[gloomy gazelle]

Are they still not there?

[gloomy gazelle]

If you never claim them you’ll never get them.

Claiming missing rewards pretty much works just like other rewards. Claim as ILV or sILV2. When you do claim them as ILV they start a 12-month locked vesting period until they will be unlocked and able to be withdrawn. While vesting they’ll be earning.

⤵️

[worthy lark]

Claiming Rewards

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

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

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

[reef cairn]

I haven't staked just ilv and I was looking and it say i have to authorize by signing access to all my ILV token. I just want to verify this is a step on the illuvium site and staking process

[mild harbor]

dumb question - but how do I know if I am in staking V2? I started staking both ILV and ILV/ETH about 5ish months ago.

[gloomy gazelle]

You can choose how many tokens to approve for your spending limit.

But you will need to approve at least as many tokens as you want to deposit.

[gloomy gazelle]

It’s all in v2 then. V1 is an old contract. Was not used when you started.

[reef cairn]

just making sure its a part of the official ilv site. to save on gas it would make sense to set a really high amount yeah?

[gloomy gazelle]

That’s true. Unless you’ll want to revoke any token approval stuff later anyways.

[mild harbor]

awesome thank you!

[rigid bridge]

My V2 staking in the ILV pool has finished its 12 months & is now unlocked. If I just leave it there, is it now classed as flexible? And will it still earn Apr & rev dis if I just leave it as it is?

Or do I have to pay to withdraw it and re stake it to qualify for Apr and rev dis?

[gloomy gazelle]

You can leave it. All tokens in the vesting tab keep earning until you withdraw them.

[rigid bridge]

🫡

[gloomy gazelle]

Use something like revoke.cash or etherscan token limits info to revoke the limit and then the next time the site will ask for a new spend limit. Or maybe those sites have a way to let you set a new limit in a single transaction

[gloomy gazelle]

@mental dagger just saw the site you tried to post. It looks scammy to me. Never heard of it. DMs from random folk on discord are gonna be scams.

I just banned several people that had tried to pretend to be helpful in #❓❗〕community-help but raise a ton of red flags for me.

@mental dagger you should contact the #❓❓〕support team on the website. There’s a lot of scammers on discord.

[mental dagger]

Ah I was literally just about to reply to you - THANK YOU - I was able to use the official etherscan revoke access function from the official etherscan website to do exactly what you recommended and it worked! It just reset the limit and I was able to re-stake successfully 🙂

[gloomy gazelle]

Ah nice. Etherscan works

[mental dagger]

yes... phew! Wow, crypto makes my head spin! Been doing this years and still feel like such a noob sometimes

Thank you guys so much for everything you do!

[gloomy gazelle]

Stay safe

[reef cairn]

i just tryed revoking sushi swap access to my illuvium, the transaction was successfull but it still says it has unlimititre access

[gloomy gazelle]

What contracts have the access to your ILV?

[reef cairn]

erc 20

sushiswap router - unlimited ilv

[gloomy gazelle]

Ok. And what did you use to try to revoke that?

[reef cairn]

and slp but i dont have any slp anymorew so that can stay yeah?

[reef cairn]

etherscan.io

[gloomy gazelle]

And the transaction is processed?

[reef cairn]

yes, was i supposed to change something or do i just have to click revoke and approve? a little window popped up but i just click revoke button and it prossesed

[gloomy gazelle]

ILV that’s approved to be used by the SLP contract? Or SLP tokens that are approved to be used?

[reef cairn]

etherscan website must have just been delayed, the transaction on etherscan showed success and now after 20 min in the token approvals it doesn't show anymore. apologies i probably should have waited longer before asking.

I still have the approvals of slp spend but I don't hold any rn, so im good to just leave thos right, no way of breaching my other tokens if a hack happens on sushi?

[gloomy gazelle]

No that’s just for the SLP tokens.

[reef cairn]

Hey @gloomy gazelle thanks for all the help, I do really appreciate it!

[hushed hedge]

whats happening with revdis?

[languid spade]

Is there any plan about Revenue Distribution for ILV stakers?

[gloomy gazelle]

Now that the safety pool has been filled When enough revenue is received it will be distributed via the staking site.

[gloomy gazelle]

⤵️

[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

[wooden wing]

Where can i see the ilv staking site url?

[candid kettle]

#🔗〕helpful-links

[noble osprey]

What is the current situation with the safety pool and revdis?

[lament token]

We're waiting until the funds are transferred before sharing an announcement regarding RevDis 🫡

[hot owl]

No? Management team unlocks is 500% the rate of inflation compared to staking rewards at the end

[cursive hollow]

the site is not loading well to see my staked tokens...

[gloomy gazelle]

Eventually yield farming ends while management unlocks continues. So it will be infinitely higher than that. What percentage of the unlocked management tokens have been sold?

[gloomy gazelle]

Clear browser cache. Check vesting tab.

[cursive hollow]

I tried that it's still not loading...I would try another browser but I don't want to change my metamask

It's always rocket science finding staked tokens 😂

[gloomy gazelle]

Contact #❓❓〕support through the website. Look for HELP(?) in the top menu.

[gloomy gazelle]

You could use a dapp like Zerion or zapper.fi to see what your address has staked.

Just input your public address and they can read the contracts.

I could also take a look if you’d like

I will not DM

[cursive hollow]

how can I use zapper or zerion?

[gloomy gazelle]

https://tenor.com/view/look-what-yep-this-gif-13617583

Copy paste 0x… address

[cursive hollow]

ya how do I find them

[gloomy gazelle]

Zerion has a phone app. You don’t need to use it as a wallet to use the free service.

Same thing for zapper.fi (that’s a webpage they’ll redirect from to zapper.xyz)

Zerion.io

But you should find a legit source for these sites. Don’t just trust some random guy on discord.

Don’t trust sponsored ads.

[cursive hollow]

Weird I dont' see Illuvium. I didn't think I sold them.

[gloomy gazelle]

Welp then you can check your wallets transactions on etherscan

Perhaps you are thinking of a different address.

[cursive hollow]

Wait I see it. Thanks that zapper is impressive.

[hot lynx]

Can you explain clearly

[polar dew]

Guys I have a few questions about staking please. If I have staked coins that have completed vesting period yet I don't withdraw them, do they still count as earning daily interest? If so, do both ILV and SLP pools both still earn interest please?

[worn turtle]

Got you in general

[hushed hedge]

how is the amount you receive determined?

[spare light]

Is the revdis announcement taking a long time because withdrawing from IMX is painful AF

[spice schooner]

@gloomy gazelle hey mate what happens if we stake SLP for 12 months now? When the pool finishes in 6-7 months do our SLP unlock and we still have weighting of 2.0 on our rewards?

Or is the plan to have staking v3.0 ready and the 5-6 months we have left on our SLP lock get migrated to the new staking pool, if any?

[hazy token]

I don’t see how that’s gonna work myself. Apart from the fact I am still ummming and arrring about exiting the SLP pool, it’d be nice to know if there will be a sustained effort to incentivise remaining in the pool before taking any action.

[gloomy gazelle]

Basically the revdis is split evenly between all eligibly staked ILV. Something around 6m at the moment.

Token weight also impacts how much revdis someone receives. Basically higher weight from having locked deposits longer will give your more of the revdis.

[gloomy gazelle]

That and the fact that it takes several people to sign the dao multisig wallets. So they have to schedule these things out. Unless it’s an emergency, in which case they’ll just call everyone regardless of time of day.

[hushed hedge]

so if I had 2x weight but just withdrew from staking, I won't get any right?

[gloomy gazelle]

Correct. No revdis if you aren’t staked when the revdis is processed

[hushed hedge]

fark

[gloomy gazelle]

It will be locked until it unlocks in 12 months. There’s no knowing what happens with the v3 timeline.

[safe schooner]

Hi all ! I just saw that there is a "missing rewards" link on the rewards button, is it there since a long time ? is it a scam ? xD

[worthy lark]

DMs are scams

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

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

Support is not provided via DMs

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

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

[candid kettle]

#📣〕announcements message

[safe schooner]

thx

[spice schooner]

So with 1 day to go on the SLP pool, what happens to the person that locks for 12 months, they remain locked for another 364 days even though the pool ends and they aren't earning anything? That seems weird, I would have thought the contract is cancelled.

[hazy token]

Right. I meant to say that I am sharing your doubts with this whole question. Unlocked there is no incentive to remain, but locked beyond the cutoff of yield would be even more weird, for sure

Is there even an ongoing conversation inside the organisation about this, or any update on what their current position on the issue is?

[craggy field]

From the last meeting notes:

SLP Proposal - Scruba
Feedback needed from blockchain team and econ committee members
SSC prefers to release this epoch for feedback and transparency to community

[hazy token]

I feel that personally I will exit when I think there is a favourable ratio eth/ilv for my stake. Just squeezing this last few months of yield. Then I’ll convert all to ILV. If most people are thinking of doing the same, that pool is gonna be rather illiquid.

[lament token]

Excerpt from Scrubs Proposal:

We propose allowing the Sushi liquidity pool to deprecate on its own due to the following reasons:

ILV Trading Volume: The ILV trading volume within the Sushi Pool currently represents a relatively small fraction, approximately 8-10%, of the total trading volume. As a result, the Sushiswap pool is no longer relevant for retail investors as a primary source of trading ILV. In turn, the primary goal of SLP to provide liquidity for retail investors has dramatically diminished.

Anticipated Volume Decline: Anticipating a further decline to approximately 4-5% of the total trading volume as ILV staking rewards approach zero, as most volume has migrated to central exchanges and other platforms that are more popular such as Uniswap.

Sufficient Incentives: The existing SLP trading rewards are deemed sufficient to incentivize those who choose to remain in the pool. Transitioning away from this model allows Illuvium to reallocate resources more effectively.

[hazy token]

Great. Thanks for that Nick. I wasn’t aware of this position. Clarity helps 👌

[craggy field]

Thx Nick as always

[lament token]

Kieran wants to move to a Uniswap pool in the future, from the discussions I've been in on this topic.

[hazy token]

So really SLP stakers should be aware of growing slippage risk as the next few months progress, I guess

Or do you think it’ll remain liquid enough until the end of staking for that not to be an issue?

Sorry, one more Q. As @spice schooner was asking, what about stakers whose SLPs are locked beyond the cutoff date for yield?

[spice schooner]

Thank you.

[spice schooner]

Seems to have more liquidity.

[languid fossil]

Was ist besser? die ILV zu Claimen ? oder sILV2 ?

[hazy token]

https://discord.com/channels/760344898200666112/1025481279493390396

[noble osprey]

funds are already transferred yes?

https://immutascan.io/address/0x9989818ae063f715a857925e419ba4b65b793d99?tab=0

54 eth and 26k USDC

[ember ginkgo]

Hmm rev dis still manual

[steady trellis]

transfered for a while but not yet changed to USDT, maybe should have swaped first

It's great news though, it simplify the narrative

[steady hearth]

is the ILV staking link not working?

[misty prairie]

Does this mean for those who have SLP staked will eventually need to sell/withdraw and change platforms?

[reef cairn]

Wait #📣〕announcements message do ILV stake get these rewards or only ilv/eth?

[candid kettle]

ILV and ILV/ETH (just ILV part count for revdis)

[reef cairn]

@candid kettle yeah, but in that post it said requirements to be staking slp for at least 30 days and didn't mention ilv pool. So ilv pool gets reward rightaway then?

[misty prairie]

So, now is there any plan on how often we should expect Rev dis at this point?

[candid kettle]

ILV counts towards revdis and even receives more than the LP token, as only ILV contributes to revdis, with a lock time of 30 days being the minimum for both stakes.

[candid kettle]

The distribution is still being done manually, so it should be carried out gradually until an automation is established.

[misty prairie]

Just curious, but are we able to expect particular timings on the distributions or not really until the automation?

[cedar yoke]

so can we claim rev dis now?

[gloomy gazelle]

You can go see if you have any pending revdis in the staking rewards page. I doubt you have anything new there.

[storm wolf]

So if we are currently staked we don't need to do anything?

[steady trellis]

no

[gloomy gazelle]

Correct

[storm wolf]

Great so we just go on cruise control. And claiming revdev is optional?

[gloomy gazelle]

Yes. Just like the yield farming rewards. Claim it when you think there’s enough accrued to be worth claiming.

Except revdis is withdrawn to wallet when claimed. And is always ILV.

[misty prairie]

Trying to figure out whether or not keep my SLP staked for yield or transfer solely to ILV stake for rev dis.

Is there any speculation on how much rev dis may yield per token at the moment?

[gloomy gazelle]

We’ve gotten $5m revenue in the last year. But the DAO will need like $5m (pretty low estimate) every month to receive enough revdis to maintain the treasury to cover expenses.

Any expectation on actual revenue numbers is purely speculation at this point.

[reef cairn]

I have ilv rewards 6 Ilv thats been in the stake for over a month, should I be seeing any revdivs?

Then I have my main amount which i staked 3 days agoish

[gloomy gazelle]

I don’t think there has been any revdis processed yet.

[steady trellis]

not since land sale

[gloomy gazelle]

Yeah. I have not checked today. But I can’t imagine revdis was run today.

[storm wolf]

Is the revenue of 5 mil from illuvium beyond 1st and 2nd wave?

[timid plaza]

How long did it took to fill the safety pool ?

[wicked ore]

If I had ILV staked in the ILV pool but withdrawn recently as past the locked duration but theres still a little ILV locked. Will I still be eligible for revdis?

[bright heart]

What a time to be in this. Congratulations to all that endured. RevDis is here now, you can rest.

[cunning perch]

any ILV staked, whether locked/unlocked, will get RevDis, unless withdrawn. Also unclaimed rewrds don't get Yield or RevDis. So you gotta claim

[wicked ore]

The longer the staking duration means greater share or is it all the same based on the amount locked

[cunning perch]

It's not the duration. It's about the weight. So if you initially locked for a year, you'll have the full weight. Rewards that are claimed in the form of ILV also have the 2X weight

Unless by "longer" you meant staking and locking for the max weight 😄

Then yeah, the longer it is locked, the more weight it gets. Max lock is one year

[wicked ore]

Yeah got it so I assume for those who locked it for a year from say Oct 2022-Oct 2023 but have withdrawn it to their wallet then those portion will not be eligible?

[cunning perch]

yeah. Any ILV leaving the staking website will not be eligible for RevDis

[drifting sky]

amy chance the staking will move to a L2 so im not paying $25 to claim $90 of ILV?

[wicked ore]

Shucks I went to withdraw to my wallet a big portion but oh well I still have some in the platform

[cunning perch]

Staking V3 should bring us to L2, but no idea when that's gonna be

[drifting sky]

look forward to it, im only small fry with about 12 ilv & 1 slp, fees do hurt lol

[cunning perch]

ETH Fees hurt anyone. For example, using AVAX I have paid $0.02 max for my TXs for other platforms but well, ETH sometimes gets too expensive. You get to the signing page, see the gas and are like:

https://tenor.com/view/no-laughing-gif-23902802

[drifting sky]

yep,ill wait a little

[solid tiger]

I unstaked everything to stake purely, in ILV. Was staked since year one and now they announce the vault distribution and you must be staked for atleast 30 days. Would i be able to get it?

[queen garden]

Hi guys. concerning revdis. what actual income sources are there right now before full launch?

[cunning perch]

Whatever has been withdrawn, if you want RevDis, has to be staked and locked again (min 30days). so, ILVs in your wallet and outside of the staking website won't get any RevDis even if they were staked for years before withdrawing.

[queen garden]

hey @cunning perch ..do you know what sources of revdis will be there before public launch?

[cunning perch]

Sources of RevDis are anything the DAO sells, like land, Illuvitars, etc. etc.

[queen garden]

thx

[solid tiger]

I know but it needs to be staked 30 days, will the safety pool be distributed in the next 30 days? Or will it be distributed over a longer time in small patches?

[cunning perch]

Idk about the length of its distribution as the latest #📣〕announcements is the newest source of info atm.

[versed coral]

Do claimed and vesting rewards also go into the 30d staked category?

[open fern]

Is the ILV that has expired but not been withdrawn during the staking period eligible for RevDis?

[cunning perch]

Claimed ILV will be locked for 12 months after it is claimed (starting to vest)

[cunning perch]

as long as it is staked, whether locked or unlocked, it will get RevDis. It won't be eligible if you withdraw from the staking website and to your wallet.

[versed coral]

Yes I know, wanted to know if they’re eligible for revDis right away or after 30 days

[cunning perch]

Should be right away whenever it happens. Anything that is staked will get RevDis

[civic igloo]

What's with the new 30 day staking requirement? First time I hear about it. I thought all staked ilv got revdis?

[noble osprey]

30 days is minimum lock when you want to stake ILV...

you cant stake ILV for 10 days, 30 days was minimum lock time always

@steady trellis Have you made any new calculations about the current revdis with the current volume and ILV in staking?

[open fern]

Approximately when will RevDis be executed this time?

[ember ginkgo]

They won't tell us, don't want people front running it

[gloomy gazelle]

Sorry but I don’t have a precise answer to that. The announcement says nearly a year. So I’m gonna say nearly a year.

There’s probably a date that it all started at when the safety pool proposal was voted. But I suspect that even that is not exact because there would probably have been a little bit of eth from trading fees prior to the safety pool proposal that also got included in the safety pool. But I’m not completely certain.

So it’s possible that once revdis stopped being distributed after the land sale (faulty memory says that was likely sometime in September 2022) that most any revenue after that needed up in the safety pool. Someone could probably go back and look at all the transaction history to know for sure. But I don’t think it’s worth doing.

[misty prairie]

Does that mean we need Illuvium to bring in 12x that before we see distribution?

[gloomy gazelle]

No. Distribution starts when revenue occurs.

The numbers just give some perspective on what revenue there has been in the recent past and what DAO sustaining revenue looks like in the long term.

[lapis heath]

Hey sorry for the newbie question, but just learning more about staking and revdis. Do you get and RevDis if you're staked in the ILV/ETH pool or only the ILV pool?

[candid kettle]

Both stakes are eligible for rewards, however, only the ILV portion contributes to the calculation in the LP token.

[brisk surge]

Are the revenues from Merch going to be distributed?

[gloomy gazelle]

After cost. Yes.

[celest fable]

hello, can someone tell me how to buy slp? or which is that token? so i can stake it

[candid kettle]

?lp

[worthy lark]

SLP Pool

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

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

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

[chilly hound]

I have some ilv tokens staked but the website staking.illuvium.io shows all zero values

[candid kettle]

It is recommended that you research impermanent loss when providing liquidity for tokens before creating an LP token.

[candid kettle]

Clear your browser cache and check if you are connected with the wallet you used for staking. The staked values should appear in the "vesting" tab.

[chilly hound]

I tried on 2 devices got the same result, after clearing browser cache i can see the pending rewards but staking value is still 0 and nothing in vestin

[sacred blade]

Hello, how much does it currently cost in gas fees to stake ILV? I cannot check because I have 0 ILV on metamask.

[candid kettle]

Submit a ticket to support at #❓❓〕support so they can assist you.

[chilly hound]

Ok, will do

[candid kettle]

To make the claim, it's around $36, so the stake should be around that as well. I would wait until the gas fees decrease over the weekend; they are quite high right now.

[quick socket]

Is it possible to distribute the revenue share on a low cost L2 or polygon?

[candid kettle]

The team is looking for solutions to this in an update for a future Stake V3, but there is no set date for its implementation yet.

[quick socket]

It is not user friendly to continue on eth

[candid kettle]

Certainly, it's not ideal, but Layer 2 solutions still have technical issues regarding oracles for the implementation of a reward distribution contract. The idea is that, as soon as possible, the stake will be transferred to a Layer 2 solution.

[quick socket]

I expect revenue distribution will be ilv. Why is Oracle service needed?

the team can bridge to polygon. Send the ilv to the same addresses on polygon

[reef cairn]

$20-50

[cosmic sinew]

catching up here - how will RevDis work for Stakers?

[candid kettle]

?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

[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]

?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

[storm wolf]

what happens when the epochs for the staking pools finish. does the slp automatically unlock and we get our ilv and eth back?

[candid kettle]

As far as it has been stated, it will remain in lock until the contract expires.

[void shell]

i have a question guys i been staking ilv\eth for a year now or more if i want to withdraw now does i will withdraw the same amount of ilv\eth i stake it or it will be affected by Impermanent Loss

[gloomy gazelle]

If you withdraw your SLP deposit from illuvium staking you will get the same amount of SLP tokens back. But those SLP tokens contain a different amount of eth and ILV than when you deposited them. If you then go to sushi to remove the liquidity then you will make the impermanent loss permanent.

Use something like Zerion to see the value and the underlying values of the SLP tokens.

You can use apy.vision to get an idea regarding what your impermanent loss looks like at the moment.

[void shell]

Thanks

[spice schooner]

So if you want to add to the SLP now, and you select 12 months, once the pool ends your liquidity will sit there locked for a further 6 months doing nothing. Yeah nah.

[gloomy gazelle]

Correct.

[elfin latch]

That is not ideal.

[gloomy gazelle]

Correct

[elfin latch]

Any plans for staking without creating LP tokens?

[gloomy gazelle]

Already available. Stake ILV. Always has been.

⤵️

[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.

[elfin latch]

Cool, I picked up my first ILV last week, I’ll look for the staking app. Thank you 🙏🏻

[gloomy gazelle]

#🔗〕helpful-links

[gloomy gazelle]

Gas Fees on ethereum are not cheap right now.

[elfin latch]

This is one reason I’m not looking at LPs at the moment. Last run I was paying over $500 to make LP tokens. 😢

[hot lynx]

The 6 Gwei days r long long gone 🐦

[slender walrus]

hey i had slp stacked for 1 year, then it got unlocked but i just left it in. In the new announcment it says sth about slp needed to be stacked for 30 days. Do i have to restake it now or can i just leave it as is

[pure eagle]

Just leave it as is....it will keep the same staking weight

[languid elm]

What are the rewards for staking ILV? I can't seem to find them

[candid kettle]

Stakers receive APR in ILV and have a share in the game profits (revdis). You can track the APR on the stake website.

?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

[languid elm]

I'm on the website but can't find the APR

I found it. Thanks @candid kettle

[gloomy gazelle]

https://tenor.com/view/rod-wave-broken-heart-sleep-sleepless-night-music-video-gif-17105766

[hot lynx]

https://tenor.com/view/those-days-are-gone-long-gone-serious-john-goodman-captive-state-movie-gif-13246101

🐦

[gloomy gazelle]

Wen v3

[wicked ore]

is there light mode on the site? on the dark mode staking i cant see the values

[gloomy gazelle]

Most web browsers allow you to modify the background and text manually in settings

[wicked ore]

im on chrome is there a way to do this?

[gloomy gazelle]

I think so.

Hmm maybe not. Sorry im not very helpful. I’m just on my phone and can’t figure it out

[candid kettle]

There are only a few settings for blurring but none for modifying the font itself. This issue is caused in some versions of Chrome with the Illuvium site for some reason.

[ancient zealot]

hey guys i have a question:
my ilv tokens that are in the "vesting" section and are ready to be withdrawn, if i don't withdraw them they still generate tokens as if they were staked? basically there is no need to withdraw and stake them again right?
Is it the same for SLP?

[gloomy gazelle]

Leave them staked so they keep earning. Do not withdraw them. Once you withdraw them they will stop earning. You do not need to withdraw and stake again for them to earn.

[ancient zealot]

ok thanks !!

[fierce totem]

Looking for advice on how to maximize long-term gain and the pros and cons. I have an ILV/SLP pool unlocking in about ~16 days.

• Would it be better to leave it as-is for another 7 months
• Remove from pool and re-stake as ILV/ETH for 7months (or longer)
• Other recommendations?

[gloomy gazelle]

One option: Leave them staked so they keep earning. Do not withdraw them. Once you withdraw them they will stop earning. You do not need to withdraw and stake again for them to earn.

Another option: withdraw and mark everything all ILV and make an all ILV deposit. So you get more revdis and don’t face any impermanent loss.

[gloomy gazelle]

What weight does the current deposit have?

[fierce totem]

The one coming up in a few days is only 1.08

[gloomy gazelle]

I see. So if you are not concerned about the possibility of ILV and eth prices not moving together (impermanent loss) then there could be value in withdrawing and staking for a longer lockup to earn at a higher weight and APR.

BUT, many people are concerned that ILV will continue to outperform eth in the next year. So know what the decision to stake SLP for longer lockup means.

[hot lynx]

🐦

[unreal flower]

Hello, please someone has the old link for the staking portal before the hack ? In 2021 I staked Link token on illuvium and I see that we can only upgrade from V2 for ILV and ILV/ETH ... So I can't see anymore my Link tokens to unstake them.... If someone has the staking V1 link it should be nice. Thanks

[snow dagger]

the moderator is Tarquinho

[candid hull]

when staking end?

[noble osprey]

staking never end, yield farming end in middle 2024

[hot lynx]

Soon

[gloomy gazelle]

It would be best if you reminded people that DMs are scams and not just identify who moderators are. The reality is that these comments you keep making set people up for scammers to send them DMs impersonating a moderator. Stop making these types of comments. Thank you.

[dry dune]

Do you guys think staking is worth it as just a normal investment without relation to playing the game. Like would it be unwise to put my investment money into staking and my game money somewhere else?

[gloomy gazelle]

Generally the staking does not impact your game money.

[dry dune]

Ik, Im just trying to figure out the best finatial path for staking interms of thinking of it like a stock or investment. Ik that anyone on the illuvium team can't answer sence that would be finatial adfise

[reef cairn]

I personally unstaked my slp and then started another 12month stake on just ILV. Also swapped all eth in the ilv/eth to ILV.

[merry socket]

Is there any calculators/estimators on what revdis may be? Just trying to decide if holding ILv is still worth the effort going forward.

[gloomy gazelle]

It’s pretty much you guess how much revenue the games will produce each month (or whatever timeframe you care to calculate). Then at the moment you can estimate there will be around 6m ILV eligibly staked for revdis.

So there will need to be $6m in revenue for there to be $1 for each staked ILV.

[candid hull]

so what do i get from staking lets say i stake now 2 slp in the midle of 2024 i stop geting rewards?

[gloomy gazelle]

June 30, 2024 You stop getting yield farming rewards. It’s the yield farming rewards that are providing the APR displayed on the staking website.

Revenue distributions would continue

[candid hull]

so its still be a yield just not a one i know before i stake every month difrent yield

[gloomy gazelle]

Yeah. Even the current APR model is variable and you don’t technically know what the APR will be from moment to moment.

[candid hull]

oh ok ty very mach

[hushed forge]

Is anyone else seeing 0% APR in the staking tab on the website? for both pools

[gloomy gazelle]

Clear browser cache.

[hushed forge]

ty

[prime pier]

Hello! I have a ilv/eth v1 stake at least it shows as a v1 and I am uncertain as to if I migrated it in the past, when the window was open. It seems that I am accruing rewards. Should I u stake to try and migrate to v2 or is it ok to stay as is?

[noble osprey]

if i claim my revdis, ILV goes directly to my wallet without any lock time? just free ILV?

[candid kettle]

yes

[candid kettle]

Stakes made in V1 will continue to appear as V1 even after the migration contract is signed; you don't need to restake.

[prime pier]

Thnx mano!

[noble osprey]

all $ from d1sk team liquid sale goes for future revdis?

[gloomy gazelle]

I doubt it. My guess is team liquid gets a cut as well.

[scarlet epoch]

What is then the rate if you leave them staked without withrawing them? Thanks 😃

[gloomy gazelle]

the same rate it’s been earning at.

The rate does not change because of unlock

[scarlet epoch]

Ah ok I wasn't aware of that! Thanks for your input @gloomy gazelle 🤩 Much appreciated 😉

[gloomy gazelle]

The rate can be seen by looking at the stake tab and messing with the lockup time until it gets to the weight that your token are at in vesting tab.

(2x weight is the standard displayed apr)

[gaunt parcel]

So no actual need to migrate to v2
I also recently just jumped on this

I hope it's promising

[hot lynx]

wen it cost $16 in gas to claim rewards .. the ETH system is broken. not ILV's fault just saying

[gloomy gazelle]

V2 is the staking contract that has been live since March 30, 2022. If you just got here you will have nothing in v1 contracts.

[noble osprey]

HOW MANY $ WE HAVE FOR FUTURE BUYBACK FOR REVDIS?

[gloomy gazelle]

I saw 86eth yesterday. (Plus the $5m in the safety pool but that’s not getting processed for revdis anytime soon)

[gloomy gazelle]

#💰〕token message

[half tusk]

Hi anyone online to answer my few staking struggles?

what is weight 2?
In vesting My holdings are:

0.96 ILV
Deposit
2
Mar 27, 2022

I keep it as it is since ages as to withraw it I need to pay 30$ which is plenty for 1 ILV

than in reward I can see:

LV Pool
0.0073 ILV

which I could potenailly claim....

Pending rewards:
0.16 ILV

what can I do with those 3 positions ?
There is literally no logic to withraw it ..... and for now they do not produce any sensible $

[gloomy gazelle]

If you leave it then it will keep earning. Though as you say it’s not going to be earning much. It will be eligible for revdis.

Eventually the network will calm down and gwei will be lower and it will be cheaper to withdraw and cheaper claim rewards. You may want to consider claiming those pending rewards after your withdrawn your other tokens and when you do claim these pending rewards you could claim them as sILV2. Will save on gas that way.

⤵️

[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.

[half tusk]

Eligible for revdis ? That’s cool

Where can I read more about that

And should I think about just maybe adding more to vasting ?

Would it top up already amount which is there or it would start another position

[lean prawn]

Hi there, question: the 1 year vesting period for my ILV/ETH (SLP) staking has recently completed, so my staked amount is now unlocked:

If I do not withdraw any of my SLP or ILV amounts, that means they’ll continue to receive staking rewards as long as I leave it there & don’t withdraw my vested amounts, right?

[gloomy gazelle]

it would create a new position. But multiple deposits could be withdrawn in a single transaction if they are of the same type (i.e. ILV deposits). Anything staked from the same wallet is earning as a group of batches. You would not need to make extra claims or anything like that.

?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

[gloomy gazelle]

Heres more info on revdis

[inner sentinel]

I have something staked from 08/14/2021 and Im not quite sure how to claim my rewards. The only place I can see that I have something is under "vested" which has something called SLP in it

Do I need to upgrade or something?

[gloomy gazelle]

What color is the V1 that is next to that?

[inner sentinel]

white

[gloomy gazelle]

So you are already properly upgraded

What you can do is click on the rewards tab

thats where you can claim 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.

[inner sentinel]

Its saying I have no rewards

[gloomy gazelle]

Check the MISSING REWARDS from the drop down menu as well

[inner sentinel]

no rewards to claim

[gloomy gazelle]

hmmm what weight does it say your SLP tokens in the vesting tab have?

[inner sentinel]

weight is 2 under vested

[gloomy gazelle]

Try clearing your browser cache. Be wary of the weird draining hack that was first reported as impacting ledger.

Today might not be the day to work on this

[inner sentinel]

hey wait. Under the dashboard there is 10 ILV pending reward

but not under rewards tab. strange. Kinda surprised it didnt just....revest itself

[gloomy gazelle]

It does not automatically revest. Becuase you can choose to claim as ilv (to vest) or sILV2

⤵️

[worthy lark]

Claiming Rewards

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

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

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

[inner sentinel]

Is SLP not smooth love potion. Wondering what it is

[gloomy gazelle]

You seem to have trouble remembering what happened in 2021 with illuvium staking

?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

[inner sentinel]

Yeah, I havent looked at this wallet since 08/2021. I cant believe my lazy self went through all that

[gloomy gazelle]

Are you sure? Because if your SLP says v1 but is not in a RED circle then you did the upgrade

in like march 2022

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

Welp... I've gotta go. Don't get scammed

?scam

[worthy lark]

DMs are scams

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

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

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

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

[inner sentinel]

I am 100% sure I did not touch anything. On the transaction history it says most recent activity was 734 days and 10 hours ago

thanks for the help though!

[gloomy gazelle]

Then you would need to upgrade somehow. The staking website should have a popup window asking you to do that. Clear browser cache if it doesn’t.

You could contact support through the website and share some screenshots to help get things figured out. look for HELP(?) at the top menu bar.

[glad arch]

GMGM

[gloomy gazelle]

Staking rewards APY is variable trending down.

[queen oak]

Hi. If I don't withdraw from the SLP stake, will it generate a reward? At what percentage? Thank you

[leaden nova]

Hi, what will happen to SLP stake yields after the emission periods end? How long is each emission period?

[gloomy gazelle]

It will keep earning until you withdraw it. It will earn at the same APR that it’s been earning. Unlocked only means that now you could withdraw.

[lean prawn]

Hi Pelican, I’m getting DM’s from a user “pe1can22#6352” - That’s not you, is it?

Got it, thanks for confirmation - Should I report user? (The profile DM’ing me reads “Illuvimod” as well)

[ember ginkgo]

#🚨❗〕report-scammers

[lean prawn]

Thanks, I just posted info on that channel

[hazy token]

Hey all. When the missing rewards were added in the summer, didn't the blog mention something about a second tranche of "missing" payments at the end of the year, or am I dreaming? (The latter quite possible 🤪 )

[ember ginkgo]

Hmm I don't remember this

[hazy token]

I'm too lazy to find the blog and reread, but might go on a hunt

Ah OK, it is done at the end of staking it seems

' We've worked diligently to fix the missing rewards correctly, and we'll rerun the fix at the end of the staking program to address future missing rewards. This additional fix will have a much smaller impact, as most discrepancies would have been resolved with this first fix.'

[north imp]

Is it possible to transfer stakes to a safer wallet?

[rapid sapphire]

Yes but you unstake first then send out as fast as possible

[candid kettle]

If the stake is in V2, it is possible; contact support at #❓❓〕support to be assisted in the process. Any DM is a scam.

[gloomy gazelle]

This is also inaccurate. You should probably stop trying to help people with stuff that you don’t understand.

[hot lynx]

🐦

[hazy token]

That ratio looking better these days on the SLP. Would be nice if ETH dominates the pamp for at least three more months 🙏. Then convert everything to ILV

[humble oriole]

hi guys, im new in crypto things , how much money ill get if i stack like 2-3k$ ?

is there any % cuz on website i see none :/

[craggy field]

Stay in this server and dont start speaking to people in private. They will try to steal your stuff.

[humble oriole]

dw im scamproff

[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.

[humble oriole]

im an mmo player

[craggy field]

I wont be able to help you out for a bit. Im on my phone as well 🙂

[craggy field]

Maybe a mod will get on and help 🙂

On the computer you should be able to see the projected APY. But those will come to a halt in ~ 6 months. And decrease slowly up till that point

On the other hand, the game may come out early-ish next year. So revenue will be distributed among ILV stakeholders. So it would be up to the revenue you think the game will make.

I wouldnt stake ILV for the staking yield or APR it shows now. Rather research Revdis or revenue distribution. You could search for posts about that in this channel 🙂

If you were to stake 20~ ILV, youd be locking up your money for up to a year and end up paying more gas money than ILV rewards you would get from staking yield 😄
Revdis is different and may be worth it though. But speculation at this point. "Will the game be a success or not"

[humble oriole]

ok i see, thanks for the information, i really appreciated that

[gloomy gazelle]

If there is not an APR being displayed on the staking page then you probably need to clear your browser cache (this is consistently the go to solution for most problems).

[green pulsar]

Hello , how to change wallet to ledger keeps connecting to wrong wallet

[green pulsar]

Actually figured it out, it states I have pending rewards. If I withdraw this does it effect stalled tokens ?

Also it is not showing me stalked token balance

[gloomy gazelle]

You CLAIM 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.

[gloomy gazelle]

Check the vesting tab. Clear browser cache.

[storm fulcrum]

Is there a YouTube tutorial on how to withdraw SLP and convert it into Eth/ILV?

[gloomy gazelle]

Nope. But this step by step with pictures may be helpful. #🥩〕staking message

[storm fulcrum]

Ok this is great! Just to confirm based on this tutorial, the first step would be to transfer my staked SLP into my wallet, right? Then proceed with step 1 here?

[gloomy gazelle]

Yeah. Go to the vesting tab in the illuvium staking page and withdraw what you want to withdraw

[storm fulcrum]

Excellent! Thank you so much

[green pulsar]

The rewards have nothing to do with the coins stalked correct ?

I can pull them Out ?

[gloomy gazelle]

If you withdraw your unlocked tokens the PENDING rewards will still be there waiting for you to claim them.

If you claim your pending rewards your other tokens will still be there as well.

You won’t lose anything by claiming or withdrawing.

[green pulsar]

So rewards are for apy for staked tokens correct

[gloomy gazelle]

The rewards are the return for staking. Yes.

[green pulsar]

Because 12 month is over ,

[green pulsar]

Thank you 🙏🏽

[gloomy gazelle]

No. Because rewards have been accruing the entire time your tokens were staked.

You could have claimed a tiny bit after a few minutes of being staked. And the rewards would have kept accruing after that as well

[void shell]

hi guys i have eth on my wallet to claim Missing Rewards but it shows no balance when i try to

[wispy wharf]

It's about 25% of what is mentioned as their formula is not correct. It's half for the year and another half as indeed 6 month left. So about 15% maybe total for SLP?

[versed coral]

Announcement from Ledger: "We are announcing that by June 2024, users will no longer be able to Blind Sign with Ledger devices."
Does this impact the staking from a wallet using ledger? As far as I know blind signing needs to be enabled in order to do transactions with ILV staking right?

[gloomy gazelle]

If they want people to use ledgers for defi then ledger will figure out a way to make it possible. Or maybe metamask or another wallet extension will figure it out. It’s a far bigger thing than illuvium. Good to keep an eye on though.

[craggy field]

Basically everything needs blind signing. Verify is a joke. It is all about trust in this space.

[wet elk]

Is there a way now or in the future to withdraw multiple coins from different time they unlock? to save gas fee

[cyan rampart]

Yes, you can bundle deposits for withdrawal.

[granite spindle]

Or withdraw bundles for deposits

[willow pendant]

Hey Illuvium staff, how r u guys?
I'm new in staking. have few questions.

I ready some docs but idk exatcly function of APY and APR
any doc about or quick explain ?

one in game, other in pull ? and shows for 1 year period ?

[gloomy gazelle]

It’s a bit complicated. There are some documents that explain it. I’ll share some more below as well.

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

[willow pendant]

thank, i'll check it now

[gloomy gazelle]

This may be more than you are looking for or not exactly what you are interested in. But…

APR for yield farm staking in the pools is variable, trending downwards.

Eventually the APR will go to zero. Because yield farming will be over. That’s like 6 months from now. So the APR is calculating as if the rewards continue like this for the next year. But it won’t. Before then it can technically go as close to zero as possible. But it can also technically go up. It’s variable. Here’s a little more of an explanation.

The rewards calculator determines current the usd value of your staked SLP and it determines the total usd value of all the staked SLP (taking into account any multipliers from locking such as 2x for 52 weeks). Then it determines what your percentage of the pool is. Then it distributes to you that percentage of the ILV rewards that are getting paid out during that block to the SLP pool (as part of the 2 week fortnight). (If ILV is more valuable then the rewards are more valuable) The UI then calculates the USD value of the ILV rewards and is then able to display the APR. It’s a bit complex. But there are spreadsheets pinned in here that calculate it all for you.
However, the APR today is not guaranteed to be the same as tomorrow because in reality the value of the ILV tokens and the value of the SLP tokens and the total value in the pool (and therefore your percentage of the pool) WILL change almost constantly. Therefore the APR is variable.

APY is calculated using that same APR but adding what it would earn if compounded by claiming the rewards as ILV. When claimed as ILV those rewards are essentially staked in the ILV only pool and locked for 12 months so they have they full 2x weight. The APR in the ILV only pool does not vary as highly as the SLP pool because the rewards (ILV) are the same as the thing that was deposited (ILV).

The image below shows how many ILV is being distributed over time. We are just about at the arrow I put on this chart.

[willow pendant]

any of them say something about my apr/apy question ?

[gloomy gazelle]

This is the classic tokenomics article https://illuvium.io/news/9-tokenomics-launchpad-and-reward-details-5894c3b356be

It explains the utility of ILV. A very good read.

[willow pendant]

Great @gloomy gazelle , thnx
excelent docs.

If I stake now $ X in v2, I can claim my rewards in about 72h + -
at this moment APY is at year 53.22% (its avarege, all unstability, ok)

one queston: in few days, I can claim 1/12 and 1/12 month after month, till 12 months? Or I'll claim full 12 monts rewards?

and when its unlocked, I'll have the same ILV/ETH from now, right ?

[gloomy gazelle]

So the rewards start to accrue the moment you deposit them. But the accrual is slow. It’s a tiny bit every 12 seconds. Every block.

[willow pendant]

I don't know if I'm being clear, maybe a linguistic typo. Sorry. Now I'm using a translator.

A basic doubt, just to confirm my understanding.
By staking now in v2, in a few days I can claim my reward, right?
If I do 12 month lock, 2.0 wheight, how much as ilv2, will I claim in a few weeks?

*edited, I mean in % of my investiment

[green pulsar]

Subject to 12 month locking period what does this mean ?

[willow pendant]

is it real time ?
how many ILV staked to get this reward?

[green pulsar]

Staked for 12 months, they pool that I can withdraw, is it still accumulating or just idol?

[gloomy gazelle]

Imagine you deposit $1000 worth of SLP for 12 month lockup: your deposit gets 2x weight and earns at the displayed rate. In one day you will earn 1/365 of the APR. If APR is 53% then that means you’d get like $1.45 worth of ILV to be able to claim in your pending rewards by the end of that first 24 hours.

[gloomy gazelle]

It’s accumulating more. Your tokens will keep accruing rewards until you withdraw them.

[green pulsar]

Ok got it, how can I take rewards and deposit them 1 of my ILV accounts

[gloomy gazelle]

It means they’ll be staked and earning and will be locked for 12 months. You’d only be able to withdraw those rewards at the end of the 12 months.

⤵️

[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.

[green pulsar]

So other 2 pools have not concluded yet I have to wait another 22 days and that will complete 12 months on all 2 pools

[gloomy gazelle]

Staking eth/ILV means you’ll get the same amount of eth/ILV SLP tokens that you deposit. But the underlying value of the eth/ILV can change. You should do some research into providing liquidity and impermanent loss.

[willow pendant]

I did all that research.

as iI said, its a simple, real real simple question
Just never done stake before and wnat to take sure at this lil, really really lil details....

[gloomy gazelle]

You cannot claim all of your rewards in a short time.

[willow pendant]

so its keep farming, till I claim it has? and has gass fee to calm ?

[gloomy gazelle]

Yes. Gas costs to claim.

Gas costs to withdraw at the end.

Gas costs to add more deposits if you ever do that.

[gloomy gazelle]

I’m not sure what the simple question you are asking is.

[willow pendant]

if dont calim, it keep farming in some how, or not. its allready separeted as mine and wont change if I let in wallet ?

[gloomy gazelle]

Rewards will continue accruing until you withdraw. You won’t lose the rewards if you don’t claim them soon or even before you withdraw your deposit. You’ll just need to claim them eventually, if you ever want them. I will warn you that it’s possible that after the end of yield farming rewards on June 30, 2024 there is a chance that at some point there will be a change to how staking works. You’ll want to pay attention to news and #📣〕announcements around then.

[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.

[willow pendant]

My doubts have been cleared now
thanks pelican 😄

[hot lynx]

🐦 ✅

[slow eagle]

Any update on revdiv expectations?

[noble osprey]

about 0.06$ for 1 ILV in staking for now

we have 170eth for buyback now

[timid plaza]

Bullish on homelessness

Not even enough for a big mac meal

[willow pendant]

how much was it in september/october ?

[azure thunder]

can I stake ILV without eth>?

[noble osprey]

0$ because we want to full safety pool at 5m$

[noble osprey]

Yes, but you need eth for gas

[willow pendant]

atm its $ 5.2m? or how much ?

[noble osprey]

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

why 5.2m$? still 5m$

[willow pendant]

cuz its whats show at a spreadsheet downloaded from fixed link here.

gonna check like this now thnx

[vague ingot]

hey in the sushi v3 pool (ilv/eth) there is 122APR currently, If I provide to this pool and stake my LP am I getting 175%APR(122% +52%) Or just the 52%? Am I getting the reward of providing the liquidity pool or just the 52% staking reward?

[vague ingot]

the v3 pool has 113TVL tho just saw that

[gloomy gazelle]

You only get the sushi Apr if you stake in the sushi masterchef staking protocol that distributes $sushi tokens.

If you stake there then you get no ILV. And vice versa

[gloomy gazelle]

As a liquidity provider you still do get the most significant portion of the trading fees that the sushi lp collects. Those fees simply are added to the underlying eth/ILV that makes up the SLP tokens.

[reef cairn]

Is ledger safe now, and does it work with metamask or did they remove blind sign?

[gloomy gazelle]

It still works. I saw something about them planning to remove blind signing at some later date (June 2024)

[snow hinge]

If one were to begin a new 1-year ILV/ETH LP stake now (to maximize the 2x weighting), but yield farming ends in approx. 6 months, does that mean the LP will not earn any yield after the 6 month mark? So it would be locked up for an additional 6 months earning nothing?

[gloomy gazelle]

It will stop earning yield after June 30, 2024. But it would still be eligible to receive 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

[dense bear]

Is there some type of time lock once you unstake Lp rewards from Illuvium to then remove them from the sushiswap pool? I have wasted 4 transactions on sushi swap trying to claim my ILV and eth to my wallet it is confirmed each time but not giving me my tokens?

[dense bear]

Do you know why Sushiswap would allow me to remove my liquidity and claim my tokens over and over again but not send them to my wallet and keep them on the protocol?

[dense bear]

lol all I wanted to do is buy more ILV with the eth and restake the token. Why won’t anyone help me in this community…FFS!

[gloomy gazelle]

Sorry man. Was just having family dinner.

[dense flare]

hostile

[gloomy gazelle]

You could contact #❓❓〕support

[gloomy gazelle]

I’d have to take a look at your address on etherscan to try to figure that out. But it’s best to post stuff like that privately. So support is the good choice.

[gloomy gazelle]

These steps? #🥩〕staking message

[dense bear]

Is there supposed to be a time lock or should you just be able to redeem your slp for eth and ILV straight away?

[dense flare]

no time lock for sure

[gloomy gazelle]

No

I’ll be back online in an hour or two. Sorry.

[dense bear]

Ok thanks for that…there has to be some explanation

[gloomy gazelle]

Any luck?

[gloomy gazelle]

Were you doing the steps in this order? #🥩〕staking message

[midnight lily]

I only tend to check in on the discord once in a while. Can anyone point me to a quick explanation of the purpose of V3 staking? Why is it needed, and what are the important changes/implications?

[ember ginkgo]

Staking on L2 IMX, no gas fee

[midnight lily]

Are there any benefits from updating from V2 aside from that? I assume there would be gas for the transfer to V3. Are there any drawbacks if someone chooses not to transfer to V3?

[ember ginkgo]

No details about that out

[midnight lily]

thank you

[deep plinth]

On the ILV half of the pair, right? Is there a reason why someone might want to keep the ILV/ETH LP once yield farming ends, or would pure ILV be strictly better at that point?

[gloomy gazelle]

Revdis is only on the ILV half.
The reason would be higher conviction in eth, I guess. @deep plinth

[leaden nova]

Hi All,
Looking for info on staking. Does anybody know how much of the staking rewards come from the staking epochs. We are in epoch 65 of 78 and there's only about 30 weeks left. So if I stake for 1 year, how much do you expect the StakedLP pair to fall after the 30 weeks of emissions epochs pass?

[gloomy gazelle]

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

So there’s a 3% reduction every epoch. But APR is variable since various amounts of tokens are staked at any given moment.

There will be 0 yield farming emissions after the yield farming ends on June 30, 2024.

Only revdis.

See above. #🥩〕staking message

[gloomy gazelle]

Here’s an extensive explanation of how staking APR works. #🥩〕staking message

[leaden nova]

ok thanks, another question

I have some v1 SLP stakes which have been staked in 2021 and are ready to withdraw and if I try to click it gives me this message :
"In order to withdraw you will first need to claim your pending rewards. This will be done in 2 transactions - sILv2 or ILV". Does that mean that I will have to wait 1 more year to get back my SLPv1 ?

[gloomy gazelle]

Rewards and deposits are different. Your SLP will be able to be withdrawn immediately

This is how claiming works ⤵️

[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.

[leaden nova]

So if I want to unstake my already passed-1-year-mark SLP stake, I will have to claim revdis for the ILV/sILV (totally unconnected but required action), stake that for an year, and then with a second transaction I will receive the SLP tokens back to my wallet ?

[gloomy gazelle]

No. Revdis does not need claimed. Your yield farming rewards would need to be claimed.

[leaden nova]

got it thank you

[gloomy gazelle]

Yes a second transaction will be needed.

Claim tx. Then withdraw tx.

[noble osprey]

How many ILV qualify to get revdis now?

[candid kettle]

On the stake website, you can track the total amount staked, both in ILV and SLP tokens.

[noble osprey]

lol thanks

less than 3m ilv yes?

[gloomy gazelle]

No. 6m is the estimate. Because it’s not just the public stakers. It’s also the treasury tokens. And the eligible team/vesting tokens.

[vague eagle]

Is there a staking claim that ends on Jan 1st? Or am I about to get my wallet drained?

[candid kettle]

If you received any email with this info, it's a scam.

[vague eagle]

No email, I saw it while I was restaking.

[ember ginkgo]

Is it your vesting that ends?

[vague eagle]

The "missing rewards" tab is a real thing? I'm only asking, because I haven't heard anything about it.

[candid kettle]

There's no need to restake unless you want to adjust the lock weight. Even after the lock period expires, the stake still continues to receive rewards and revdis.

[ember ginkgo]

Oh yes, it's possible you have some there. There was a wrong calculation happening in the staking contract.
Make sure you are on the official website using #🔗〕helpful-links

[candid kettle]

#📣〕announcements message

[vague eagle]

Okay thank you, I'm on the official site. It looked a little to good to be true, and had a deadline. 😅

[candid kettle]

scam

[wraith lance]

Yes its getting crazy out there.

[gloomy gazelle]

Any ILV airdrops will be scams.

[novel jasper]

Happy Xmas bulls and bears 🎄

[ruby tusk]

Bought land a couple years ago and havent done anything with it as i havent been focused on crypto. any recommendations on best ways to get caught up with all things ILV and to see what i can do with the land I own

[lost trench]

You want to get the blueprints from it - 15 in total. Minting date starts for those on January 3.
For land info for to this channel. Read the pinned posts.
https://discord.com/channels/760344898200666112/857471213513605140

[cedar yoke]

is staking website down now?

cant load wallet

[worthy sable]

i dotn think so

ts not.. all fine here

[leaden nova]

Hi, does a v1 SLP stake still earn yields ?

[sly linden]

guys if i wanna stake ILV do i have to pay ETH gas for both approving and then actually staking? is it worthed?

[magic plover]

if open beta gets delayed to Q2, and staking yields ends in Q2, there will likely be a gap where we get no staking yield nor revdis right? only thing we would get is part of the sushi swap yield?

[clever swan]

Is there somewhere I can track the dates and amounts revdis is added beyond just seeing the total amount to claim on the dashborad?

[worthy sable]

why its 0 % on staking.. or i cant see any

all god now

[dense flare]

https://tenor.com/view/god-pray-jesus-christ-sign-of-the-cross-gif-5701179

[eager matrix]

I've just finished a year of stacking. Do I have to unstack and then re-stack to continue getting rewards or can I leave it?

[ember ginkgo]

You can leave it

[eager matrix]

ok thx

[gloomy gazelle]

Revenue is occurring already. It’s just not yet enough to be distributed. But I suspect there will be a “small” distribution before yield farming ends.

Regarding sushi liquidity provider fees: the majority of the fees collected by the AMM are added to the underlying value of the SLP tokens. The smaller percentage of those fees is distributed by the sushi masterchef staking protocol as $SUSHI. Nothing staked on the illuvium website gets those. Only what is staked on the sushi website.

[gloomy gazelle]

You could track the revdis contract using etherscan or something. Check past transactions

#🥩〕staking message

[distant roost]

Should I just stake my ILV or get ETH and provide liqudity on Sushi?

[gloomy gazelle]

Either way can work.
Maybe check this to get some more info about staking and how it works. #🥩〕staking message

[candid pike]

Hello everyone

[plain tapir]

Hello

[candid pike]

Hey how are you

[plain tapir]

Good, welcome if you’re new to the community

[candid hull]

after my ilv/eth slp finished his lock if i dont withdraw i still earn apy?

[vivid ruin]

When is the staking rewards period over?

[candid hull]

no

when the lock period ends

[dense geode]

As long as u don't withdraw it will yield at the same rate

[candid hull]

ty

[versed coral]

Should be end of June 2024 I think

[cunning perch]

In early July yield will end

[worldly sigil]

can i withdraw from all pools at one single transaction? or each one need a separate?

[candid kettle]

You can claim from both pools (ILV and SLP), but the revdis must be claimed separately.

[worldly sigil]

i mean claim from the pool at the end of the locking period

[candid kettle]

You can make the claim at any time, and the stake continues to receive rewards and revdis even after the lock period ends.

[worldly sigil]

so no need to claim and relock it?

[candid kettle]

correct

[worldly sigil]

nice! thanks

[gloomy gazelle]

SLP and ILV will be separate transactions

[worldly sigil]

so still need to pay twice?

[gloomy gazelle]

If you have SLP and ILV.

They are two different contracts. So two different transactions

[worldly sigil]

oh well... at least they are still in circulation, without being claimed 😄

[gloomy gazelle]

Do you have pending rewards? Those also are claimed using a different transaction. Withdrawing and claiming is not done at the same time.

[worldly sigil]

i was asking about the locked up pools

i have a bunch of them which have finished locked period- both ilv and slp

so i was wondering if i click on 3 different unlocked pools, will they come out as a single transaction or not

[gloomy gazelle]

Generally any unlocked ILV can be withdrawn together in a single transaction.

Generally any unlocked SLP can be withdrawn together in a single transaction.

[karmic bison]

Why were the "missing" rewards only able to be claimed and staked and not withdrawn to sILV2? Like you want me to pay $20 in gas for 0.021 ILV lol

[gloomy gazelle]

Dev time reasons I guess. Though claiming as silv2 is usually not a crazy good deal regarding gas. It's usually only 25-50% "off"

[karmic bison]

For sure. Oh well I'll just "donate" my missing rewards lol. Hopefully they get some use by the devs

[ember ginkgo]

That could be millions some day

[gloomy gazelle]

https://tenor.com/view/ilv-nfa-taalik-tiktaalik-illuvium-gif-23319446

[ember ginkgo]

https://tenor.com/view/this-gif-4354544

[gloomy gazelle]

If only

[gloomy gazelle]

@humble notch

@hollow grove

[hollow grove]

Yep

Does Etherscan show when a wallet transfer function is done?

[gloomy gazelle]

It can.

It does

[hollow grove]

Alright let me check and I’ll let you know

[gloomy gazelle]

Here’s an example of someone migrating their SLP deposits. https://etherscan.io/tx/0xea797566a3880649b4a4bcebc155941e7831e52014168232473179081f6b6bb8

[hollow grove]

May i send you the address?

[gloomy gazelle]

Sure

I’m not going to send you a dm

[hollow grove]

Alright I’ll

[gloomy gazelle]

Looks like he’s using the wrong address. He never staked with that one.

Well let me double double check real quick

Yeah.

He transferred his sILV2 rewards to the wallet he’s trying to use. But never used it to stake.

@humble notch hopefully you’re seeing the wallet that you should now be using.
Let me know if you need to see which address it should be still.

[faint sorrel]

What happens when yield is over? Is there any purpose to still be staking?

[noble osprey]

then 100% revenues goes to stakers and landowners

[faint sorrel]

Thank you. Will it also be in the form of ILV?

[noble osprey]

Yes, revenue will be converted into ILV and distributed to the stakers and landowners.

It will be like a buyback ILV from the market.

[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

[sage mortar]

How do we turn our SLP back into ETH / ILV? Maybe I didn’t have enough sleep but I couldn’t figure it out.

[gloomy gazelle]

This is pinned in here. #🥩〕staking message

[sage mortar]

Thank you Ser

[coral pike]

@faint sorrel the above is not accurate it would be more accurate to say

• 100% revenue ( *after considering - *amended to - production costs on certain things and landowner revenue pool) goes back to ILV staked tokens RevdDis pool
• 5% of fuels related sales goes back to landowners "revenue pool" you may find this informative #💬〕general message

[coral pike]

@faint sorrel That is also incorrect. RevDIS is paid out in ILV Landowners get paid out in ETH but need to swap out fuel to the pool in order to receive it.

[gloomy gazelle]

Gwei was 15 last night. But I could not be bothered to get out of bed.

https://tenor.com/view/regret-drinking-hangover-yolo-gif-7263749

[wintry sigil]

Any advice on what to do regarding claiming rewards as sILV2 or ILV?

and if my vesting period ended for the SLP, do staking rewards still occur if I keep my SLP in the pool or do I need to withdraw and restake?

[noble osprey]

only ILV

[noble osprey]

vesting is only lock period, your SLP will be earn yield rewards until june 2024, after the end of yield farming, your SLP will be rewarded in RevDis, only part in ILV, without ETH

[gloomy gazelle]

see below for a description of your choices.

[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.

[wintry sigil]

Thanks everyone

[wintry sigil]

Just to confirm, I staked in the ILV/ETH pool. The duration/lock period is up. Under the vesting page I see I can withdraw my SLP from the pool ( with gas fees). Is there any benefit of not withdrawing? Or should I withdraw to restake?

[granite spindle]

Anyone can share wallet address of treasury holdings,please 👍

[candid kettle]

Even after the lock-up period ends, the tokens staked continue to receive rewards and remain eligible for rewards with the initial weight; there's no need to restake.

[candid kettle]

#🥩〕staking message

[gloomy gazelle]

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

[swift belfry]

Withdrawing to restake would be a mistake.

[candid hull]

if i stake for i year from npw in eth pool in june i will get half the revenue i whould get for onlry ilv?
can someone send a vid or expliin excacly whtas hapaning when that revune distrbiion begines

[candid kettle]

?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

[candid kettle]

For revdis calculation, only the ILV is considered. In the SLP token, you will receive revdis only for the ILV portion.

[candid hull]

oh ty

[turbid folio]

Quick question: even though I can already withdraw my ILV reward tokens, are they still regarded as staked?

[gloomy gazelle]

Yes. Unlocked tokens keep earning until you withdraw them.

Simply so not withdraw them if you want them to remain staked. No action is needed.

[turbid folio]

Apreciate the response bro

I guess I let them sleep there until the price becomes great again. Miss that 2k per ILV, good times 😆

[gloomy gazelle]

It may be worth claiming pending rewards while gas is cheapish.

?claim

[worthy lark]

Claiming Rewards

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

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

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

[turbid folio]

Yes, I took advantage of the opportunity to do that yesterday when the gas was between 8 and 10 haha

[elder parcel]

Is anybody else seeing SLP at $0.00 on the staking overview and the dashboard? I mean the ILV/ETH SLP

I still see it on the Vesting tab but nowhere else.

[candid kettle]

clear the browser cache

[slender palm]

My SLP is also showing $0.00 in the dashboard.

[elder parcel]

Is it also $0.00 on the overview tab?

[slender palm]

Yes

[elder parcel]

Clearing the browser cache did nothing. Seems like it's the system.

[slender palm]

Nope

Also I have Chrome with developer tools open and Disable cache checked

[elder parcel]

On the Overview tab, did you click on ILV/ETH under Total Amount Staked?

[slender palm]

Yes

[elder parcel]

And you see a value there?

[slender palm]

The value is $0.00

Lol I hope this is a UI issue

[candid kettle]

It's a UI error, I checked here and it's the same. It could just be a synchronization error or something like that. The times it happened before, clearing the cache worked, but now it seems more persistent. Hopefully, it will be fixed soon.

[elder parcel]

Seems the most likely. I can see the token is still there on Etherscan and I don't see any huge movement, so doesn't seem like it was hacked.

[elder parcel]

Are you able to report it to someone?

[teal moth]

mine shows 0 also

[onyx brook]

How does staking work and what is the benefit to it?

[candid kettle]

Stakers receive revdis from the profits of the DAO, as well as ILV rewards from the tokens generated by the contract. You can find the details in the pinned messages in the chat.

?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

[gloomy gazelle]

Look for HELP (?) on the website.

[rugged igloo]

I can see the total number of SLP in the dashboard, but just value is zero. Got a scare there.

[chrome pier]

It is an error, clear your browser cache

[hexed solar]

Lol I literally did the same thing just now.

Clearing browser data isn't helping for me, will raise a bug with web team.

Obviously if the SLP is there it can be converted back to ILV and ETH once unlocked, so the value is still there. I expect sushi API for reporting value is playing up, I did notice sushi was slow today.

[median pulsar]

Staking on Eth chain?

[gloomy gazelle]

Yes

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

[hexed solar]

Bug has been raised, most people back from leave tomorrow.

[hexed solar]

(An update, looks to be an issue with sushi subgraph, blockchain team has raised with relevant third parties)

[brazen ocean]

Please get ILV listed on us brokerage Robinhood

[gloomy gazelle]

That’s the first time I’ve seen that request. Do you happen to know how many cryptocurrencies have been listed on there so far?

[brazen ocean]

Don’t know but I do know there’s a good amount. Nd I do know it will bring mass adoption

[gloomy gazelle]

I just checked. 15.

[brazen ocean]

It’s a top top brokerage for stocks and crypto in the us and other countries as well

[thick crypt]

I agree, easy on/off ramp

Hey Pelican, are their any discussions on whats gonna happen to the ILV-ETH SLP providers once ILV staking reward emissions ends this year? Might be a good idea for the treasury to just buy out the SLP tokens in exchange for the same amount in just ILV

[hazy token]

Holy crap, nearly passed out looking at my SLP total this morning 😝

[obtuse ridge]

Hi, my ilv/eth still seems staked. It still shows the amount of SLP. I never moved it. But it isn’t showing any value. Anyone knows the reason for that? Last month I think it still was.
Anything I need to do with it?

[noble osprey]

refresh and clear cookies xD

[tough wren]

Could you fix it? I just came here because of the same

[rugged igloo]

Can someone post here when issue fixed?

[rugged igloo]

Was wondering the same...

[candid kettle]

It's a UI error; the team has already been informed about it. The funds are safe. Try clearing the browser's cache and cookies; in some cases, it works.

[gloomy gazelle]

Only general discussions. Nothing super specific or actionable. There are some options to help provide liquidity if there is not enough.

Centralizing the liquidity to the DAO is probably not the best look. But it is an idea that I’ve not seen before.

[elder parcel]

It's fixed. Was probably a glitch with the Sushiswap API or something.

[hexed solar]

...

It should be fixed now, if you are seeing issues after refreshing browsers it is a different issue.

[rugged igloo]

Checked... Fixed

[obtuse ridge]

Ok thanks. It works now (on desktop) I read something about earning on staking slp stopped? Is that correct?

[obtuse ridge]

It works now on desktop

[gloomy gazelle]

No

[obtuse ridge]

@gloomy gazelle can you help me on what is meant here then? Is my slp still earning?

[gloomy gazelle]

He was referring to when the yield farming rewards would end around June 30, 2024

Unless you withdraw your tokens they will keep earning until June 30. And even after June 30 they will still keep earning REVDIS

?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

[obtuse ridge]

Ok, thanks. Then I’ll keep them staked

[tough wren]

Thank you! I have to check it!

[muted zenith]

Hello i could not Claim my Missing reward . and looks like the option is removed . is there anyway i can still claim it ?

[candid kettle]

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

[bright heart]

This is the official announcement - #📣〕announcements message
It states:

Stakers have until the end of the year to claim missing rewards from the first fix.

[candid kettle]

You can try reaching out to support at #❓❓〕support to see if there's another way to make this claim, but if it's a limitation of the contract, there's no way to make this claim after the period has passed.

[ember ginkgo]

[prisma igloo]

Hi I’m new guys

[ember ginkgo]

Hi new

[gloomy gazelle]

welcome

[worthy lark]

Welcome Survivor!

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

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

[prisma igloo]

What’s mini amount to start staking g

[muted zenith]

Thank you , hopefully somehow they can help me with this issue.

[ember ginkgo]

<@&821154860816793604> scammer alert ⤴️

[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]

Where’d it go?

[gloomy gazelle]

Don’t get your hopes up. The time period to make the claim of those missing rewards is closed.

[balmy tapir]

Hi! My ilv tokens will unlock in few hours, do I need to restake them to earn revdis?

[gloomy gazelle]

No. As long as you don’t withdraw them then those will keep earning and be able to earn revdis.

[balmy tapir]

yey! thank you...

[muted zenith]

well i did see the notice , went to claim but at that time the gas was high and i forgot after that .
life can be hectic you know.

[lusty pecan]

You gotta pay gas fees so I would say at least $100 but the more the better

[obsidian nebula]

so i'm not totally sure that the super easy "change wallet" button on the staking site is a good thing. if someone hacked my computer, would the only thing stopping them from changing my stakes to their own wallet be my wallet password?

[candid kettle]

If they have access to your wallet, they don't need the password to migrate the stake; they can do it directly in the contract. This is a feature to simplify the migration for regular users who have switched to a cold wallet, for example, since most don't know how to interact directly with the contract.

[obsidian nebula]

i'm not as concerned about if someone had access to my wallet because i'm good about protecting my seeds.

but i'm concerned about someone who got access to my computer because that is significantly less secure than direct access to my wallet

i suppose that's another argument in favor of using a hardware wallet

[candid kettle]

The migration cannot be done without the wallet signature, so if someone has access to your computer but doesn't have access to your wallet, it's impossible to transfer the stake.

[gloomy gazelle]

Yeah I guess so.

But if they have access to your computer they could just as easily display your seed phrase and take that too.

[obsidian nebula]

That's True.

With a hard wallet though they would need my hardware, pin and my 48 character passphrase lol 😂 I feel pretty good about that.

[prisma igloo]

Hi guys

[hexed edge]

Has rewards stopped for staking?

And does locked claimed rewards earn?

[candid kettle]

The rewards are still working as usual. Even after the lock ends the stake continues to receive rewards and revdis with the initial weight.

[hexed edge]

Ty good sir!

[dreamy sorrel]

My SLP deposit is unlocking soon, can anyone remind me how that can be turned back into ETH/ILV?

[gloomy gazelle]

Withdraw from vesting tab and then follow this …
#🥩〕staking message

Those unlocked SLP will keep earning until you withdraw them.

[dreamy sorrel]

Real one ✊

[dreamy sorrel]

Mm, ok

[green pulsar]

I’m showing a Balance on sILV2 on dashboard how can I withdraw these tokens into Meta

I’m see what is going on, why does it show the USd total on dashboard different that MetaMask ?

[gloomy gazelle]

Because metamask well base the price off of the sILV2/eth pool on uniswap. The illuvium dashboard will base the price off of the ILV value, The sILV2 value when used to buy something from illuvium, because is like a gift card.

[echo inlet]

just double checking. Even if I withdrew my staked SLP my locked rewards still earn rev dis right? even tho im no longer staking my SLP

[gloomy gazelle]

Anything still in the staking protocol, visible in the Vesting tab, keeps earning. Anything that is withdrawn is no longer there and is not earning.

[echo inlet]

ok so all my vesting rewards are earning even tho im no longer staked with SLP ILV/ETH

[gloomy gazelle]

Yeah. The rewards are separate

[echo inlet]

separate but earning correct?

[gloomy gazelle]

They are separate from your SLP deposit. So they are still earning. And will even if you withdraw your SLP. Yes.

[reef cairn]

When revdivs

[vivid veldt]

Hey guys, I have a lot of unclaimed rewards. Is claiming as ILV and locking for another year a better option than claiming SILV2 then swapping to ETH or unlocked ILV? I'm a little lost as to what to do, any advise would be much appreciated.

[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.

[candid kettle]

The revdis is already operating normally (the safe pool has already been filled).

[candid kettle]

It's a personal answer, it depends on what you want to do. If you want to continue receiving rewards/revdis there's no reason to convert to sILV2 to buy ILV since they don't have a 1:1 value in the secondary market, so you would lose some amount in the process. By just claiming in ILV, it would already be staked. Now, if you need the money for something at the moment, it might make sense to convert to sILV2 and then sell and exchange for other currencies, for example.

[vivid veldt]

Thanks for replying. I have faith, ILV claim it is, a year from now this game is going to be next level.

[hazy ermine]

anyone recieve an email from illuvium on staking V3? trying to figure out if its a scam email

[worthy lark]

DMs are scams

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

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

Support is not provided via DMs

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

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

[worn turtle]

Scam

[worthy lark]

DMs are scams

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

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

Support is not provided via DMs

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

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

[timid plaza]

Sorry to bother you I know you're very busy is this legit ?

[spice schooner]

We had about $10M leave the SLP over the last few weeks, you would think APY goes up because there's more rewards per wallet, but it goes down becaue I think it's more closely correlated to trading volume on the DEX and fees earnt.

[steady trellis]

How do you know they left ? SLP price got destroyed lately so normal that it goes down.

APY is only depending of ILV rewards, so ILV price, rewards are lowered every 15 days and … ILV priced got destroyed = APR goes down, doesn’t matter much a few people leaving the pool.

LP fees do not matters here.

[tardy plank]

Hi All. Any update regarding Staking V3.0? Not that many Epochs/sleeps until the current staking runs down...

[candid kettle]

V3 scheduled for implementation only in Q3.

[spice schooner]

Without seeing the calculation you just assume people are coming and going, but yeah no doubt it's just the price fluctuation.

[magic plover]

I just noticed the revdis got updated, nice

[hybrid canyon]

When will revenue distribution start reflecting on our accounts to claim?

[candid kettle]

It's already working; in the 'dashboard' tab on the stake website, you can check how much you received.

[hybrid canyon]

Checked. I Haven't received anything 😕 🤔. I have a decent amount of ilv and SLP and have staked for 2 + years.

[candid kettle]

You can submit a ticket to support at #❓❓〕support if you believe something is wrong, but no errors of this kind have been reported so far.

[regal marten]

Did you receive revdis distributions? I know they happen on random timestamps, to avoid frontrunning and such. Didn't see any change to my balance on the staking site yet.

[magic plover]

yup, my balance changed for sure. I track these things nearly every week

[jade hound]

rgf

[regal marten]

Do you happen to have an etherscan link where you can see the distribution transactions?

[proud osprey]

I'm not seeing any Revdis either? Been staking ILV for almost 2 years

[brisk surge]

same

[south fable]

I think this is incorrect. No revdis has been distributed recently.

[candid kettle]

#📣〕announcements message

The process is currently being done manually, but efforts are underway to automate it, although it is already working.

[south fable]

This is misleading. This only confirms that the safety pool was filled but I am not aware of any actual revdis distributions.

[fickle ore]

i see revdis but its 0 value...

[magic plover]

actually I made a mistake, I took the revdis from the dashboard page and wrote it down as the revdis of the revdis of the eth/ilv pool, but it was the revdis of the eth/ilv pool + the ilv pool

there has been no revdis 😦

[burnt ether]

Yeah I didn't anything read about revdis alread distributed for stakers. Only that revdis pool would start to work

[lyric needle]

It won't happen till IMX wallet hits around 500 ETH (i'd guess). It's at 194 ETH. They might do a pre open beta distribution but it will be small per ILV.

[south fable]

Yep exactly.

[regal marten]

I added a table with received revdis events for a specific address here : https://dune.com/xastor/illuvium-address-events Just fill in your address, run the queries, and check the bottom 2 tables.

[rare mural]

Can you guys please recommend any staking tutorial?

[gloomy gazelle]

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

[marble flume]

Hey! Why APR on ILV pool it's not showing up?

[candid kettle]

It's a visual bug; just clear the browser cache.

[misty prairie]

Does the duration and weight of ILV staking affect RevDis?