🥩〕staking

[gloomy gazelle]

Yes

[misty prairie]

Ooo interesting

[scarlet epoch]

Hello everyone, can someone please advise the % reward for staking in ILV Pool and ILV/ETH Pool? 🥰 Thank you so much. I had a look yesterday and today on staking Illuvium but this information doesn't appear anymore. 🤔

[gloomy gazelle]

Clear your browser cache, and it should appear

[gloomy gazelle]

Yes. What can I do to get this issue resolved?

https://tenor.com/view/full-house-stehpanie-just-hanging-around-uncle-jesse-gif-18766331

[gloomy gazelle]

Scammers getting desperate. Even trying to scam me.

[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]

Please send more DMs to help resolve my problem. I accidentally keep blocking accounts. So use a different account each time until I finally get it resolved

https://tenor.com/view/lewbowski-walter-thank-you-for-that-gif-10949598

[regal marten]

Lol, that is max foolish 😆

[gloomy gazelle]

Three in the last hour

https://tenor.com/view/ln_strike-kylo-ren-laser-kylo-laser-kylo-ren-gregzaj1-gif-21467799

[regal marten]

https://tenor.com/view/fly-flick-finger-flick-finger-pluck-gif-26088403

[golden gull]

is it worth staking ILV for more than 6 month lock up now? I normally do 12 months.

[gloomy gazelle]

After the yield farming ends in like 6 months there would still be ongoing revenue distributions

⤵️

[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

[ember folio]

hey, just playing around with staking. How do I remove liquidity from the ILV/ETH pool? Got SLP tokens.

[regal marten]

See pinned messages

[candid kettle]

#🥩〕staking message

[karmic bison]

So there is currently NO revenue distribution happening, but it WILL happen after staking ends?

[ember ginkgo]

https://tenor.com/view/illuvium-illuviumio-ilv-yield-farming-gif-22225026

[regal marten]

Technically revdis is active since the safety pool was filled end of last year. The reality is that distributions are only happening when certain tresholds are reached and happen at random times, in order to avoid frontrunning. The treshold to start distributions is 500 Eth in the pool and it's currently at around 200 Eth.

Revenue is currently only coming from illuvitar d1sk purchases and illuvitar trading fees.

[karmic bison]

Ohhhh makes sense! Thank you for the info!

[scarlet epoch]

I do apologize @gloomy gazelle not to have thanked you yesterday. So thank you so much for your reply and input 😃 Do you know what happens to ILV/ETH Pool when we reach the end of all the planned epochs? 🤔 Meaning are we still getting some form of APR if our liquidity is still staked and we can't withdraw (1 year staking period)? Thank you so much 🥰

[gloomy gazelle]

Once the yield farming epochs end on like June 30 there will not be any more APR. The current APR does not account for that, it only displays what you'd get if everything continued for a year but exactly as it is today.
However, all the deposits and any vesting rewards will still be eligible for revdis.

⤵️

[worthy lark]

Illuvium Revenue Distribution

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

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

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

[scarlet epoch]

Thanks again for your valuable input @gloomy gazelle 👍

[misty kettle]

Hi am new here, am unable to connect my metamsk on ILV staking

[lusty pecan]

try https://discord.com/channels/760344898200666112/1108308385138479124

[misty kettle]

already did sir

no help in live support

[lusty pecan]

why cant you connect?

what is happening?

[misty kettle]

when i try to connect the wallet (MM) and click on connect wallet it jus rottes for hrs and does not connect

[pine hill]

so does vesting mean i'm staking?

[potent sable]

Is ur metamask set to ETH?

[potent sable]

Yup

[pine hill]

so vesting ears rewards too?

[lyric needle]

what is the current process to move staked tokens to a hardware wallet? I'm all v2

[candid kettle]

Just go to the "dashboard" and then in the top left corner, click on "change wallet

[gloomy gazelle]

In the Illuvium staking protocol as seen on the Illuvium staking site the only tokens that are earning anything should be displayed in the VESTING tab.

[noble nacelle]

Hello, i have a question regarding the end of the staking rewards on the sushi pool :
If i understand well, we wont receive any rewards if we continue to stake our slp tokens right ?
If i want to continue stake ans receive reward, i have to stake ilv tokens in the ilv pool ?
Or any kind of reward will stop ? Even in ilv pool ?

Sorry for my english, it's not my native language.

[gloomy gazelle]

All yield farming rewards will stop when yield farming rewards stop at the end of June 2024. That means there will be 0% apr for both the ILV pool and eth/ILV pools.

However revenue distributions will still happen. Those will be for both the ILV and the eth/ILV pools. However, the eth/ILV pool only gets revdis for the ILV half of the deposit.

⤵️

[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

[noble nacelle]

Thx a lot !

[warm knoll]

still nothing plan officially to insentive people to stay in the eth/ilv pool ?

[gloomy gazelle]

Correct

[broken hound]

where can you see how much is in the pool?

[gloomy gazelle]

Which pool? Check pins in #💰〕token and you’ll find most all the places you could be looking for

[broken hound]

I am not sure I am calculating this correct, but right now there are about 3M tokens staked if I am not mistaken. With current eth prices that would mean you get 0,41$ at the low treshold and 4,10$ at the upper level per staked token. Then the only question remaining is how fast the pool fills up

[gloomy gazelle]

There’s more ILV eligible for revdis than that. The count is close to 6m

#💰〕token message this has the imx revenue address

[broken hound]

thanks mate

[gloomy gazelle]

There’s more than just the ILV only staking pool that is eligible. There’s also the vesting rewards that have not been minted. There’s the ILV in the eth/ILV pool. There’s the Treasury tokens. There’s the individual team tokens still vesting in the team vesting contract.

Additionally I personally would support a proposal to include the nearly 1m ILV for in game yield that the DAO holds to also be eligible for revdis. But that’s definitely not the case at the moment.

[broken hound]

so currently one could say that for every 1 million $ revenue, 1 ilv token will get (1M$/6M elegible tokens)*95%=0,16$ ?

[gloomy gazelle]

Yes

Token weight does impact the exact amount. But basically yes.

[broken hound]

ah true, but I got all staked for 1 year (and about 90% liberated already) so in my case this would hold up

I know we can´t speculate here about how much revenue there will be, but it is fun to do the math at home just guessing numbers

[gloomy gazelle]

Also the 95% may only be if this proposal passes. #1196516944124334100 message
And revenue that is counted as in game revenue is probably not going to include the secondary market trading fees. So the revenue streams that are being sent to LAND or not is pretty specific. But yeah. 5% is minimal.

[gloomy gazelle]

Oh we speculate all the time in #💰〕token

You should see some of the 2021 videos made by #🎨〕community-content

https://tenor.com/view/liftoff-moon-rocket-blastoff-launch-gif-22437697

[broken hound]

I´ll have to check that channel more often then 👍

[gloomy gazelle]

The goal is DAO sustaining revenue. But that may take longer than expected. The recent burn report in #📣〕announcements and pinned in #💰〕token gives an idea as to how much the DAO spends each month. And if the DAO gets about 1/5 of the revenue then… that’s a lot of revenue needed for DAO sustainability

[gloomy gazelle]

https://tenor.com/view/apple-bite-fruit-eat-barbossa-gif-7726678031175706804

[broken hound]

so the team (is DAO?) costs about 1.3M$ each month to maintain currently? So we would need 1.3x5=6.5M$ that x 12 months = 78M$. That is a lot.

and that would be just break even

well, let´s be optimistic and hope there will be a great influx of (paying) players once open beta hits. I saw a video today, about a web3 game called pixels. It apparently went from 5000 players to 100.000 players in about 2 months time. And that game looks like 💩

[noble nacelle]

The rev dis will include fees from secondary market from illuvials trade ? (When they will be tradable ofc)

[noble osprey]

Yes, but pixels case is working by the promissed airdrop, without free money there wont be big increase in players

Just offer some free ILV for gaming and players come here as u wish 🦦🤷‍♂️

[gloomy gazelle]

Yes

[vapid fox]

hi

[brisk holly]

doh, i wasn't paying attention when i staked some SLP in November for 1 year 🙂

[gloomy gazelle]

I’m not certain but there is definitely still the possibility that you end up ahead thanks to the higher apr in the SLP pool

[brisk holly]

oh for sure. but it's locked for months past the closing date. totally my fault

[gloomy gazelle]

Yeah.

[stoic mica]

Hello is there a admin

[gloomy gazelle]

What do you need? #❓❓〕support is available on the website. Do not get scammed on discord.

?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.

[magic plover]

is it possible to stake ILV from cold storage? so not attaching your hardware wallet to an existing private key but generating a private key with the hardware wallet

[gloomy gazelle]

I’m not exactly sure what you mean. But if you want to stake using a hardware wallet then you use Metamask’s hardware connect feature and use your hardware wallet to sign/approve the transactions. Your seed and keys are not exposed or entered into anything to make that happen.

The hardware gets set to “blind sign” but it’s simply blind for your hardware. You read it on metamask and then approve it on the hardware.

[magic cipher]

guys anyone knows if I need to withdraw my ILV and restake it to earn yeld in case it is unlocked?

[ember ginkgo]

No need

[magic cipher]

my rewards seems so low

[safe marlin]

I was also told I don’t need to so I just left mine sitting. I think reward $$ is just real low rn

I don’t even check what I’m getting tbh

[candid kettle]

You don't need to stake again; even after the lock-up period ends, the staked tokens continue to receive rewards and remain eligible for revdis with the initial weight.

[gloomy gazelle]

Working as intended.

[buoyant lotus]

Hello, when staking 2.0? is it worth to re-stake full year ETH/ILV at this point?

[ember ginkgo]

You know you don't have to restake right? You keep earning rewards

[buoyant lotus]

didn't know that, i just get out when i want?

[ember ginkgo]

Yup

[buoyant lotus]

great thanks

[ember ginkgo]

[keen crest]

With staking guys, when unlocking, you have to pay for gas every time you want unlock a reward… if you have multiple rewards staking, gas every time?

[digital jungle]

you can check ✔️ all rewards before claiming them, therefore paying gas only once.

[gloomy gazelle]

Tokens simply unlock over time. They do keep earning when unlocked. They will continue earning until you choose to withdraw those tokens. But when you do WITHDRAW you will need to pay gas. And as space mentioned above, you can withdraw more than a single batch in one transaction.

[hexed edge]

What's roughly the apr/apy for staking? Shows 0 on website

[umbral imp]

I was exactly wondering the same

[gloomy gazelle]

Clear browser cache and it will display properly

[gloomy gazelle]

⤴️

[lime hearth]

Hello I need help for tax purposes? My address doesn't show any remaining ILV wallets? But according to debank, I am holding one.

[candid kettle]

On the Nansen portfolio website, you can see all your tokens in stake, as well as the ones you have in your wallet.

[lime hearth]

Can I see the historical Deposits and Withdrawals on the Illuvium staking dashboard?

[gloomy gazelle]

I used etherscan to filter down to the relevant illuvium staking transactions.

[gloomy gazelle]

https://etherscan.io/advanced-filter?advid=fb56f00638384fa7abc3ce90388625e4

[boreal pier]

i tried to claim rewards and got a error now im out on eth what to do

nvm opened a support ticket

[gloomy gazelle]

#🥩〕staking message

Sushi swap

[brisk surge]

I just withdrew my last slp

And can confirm it does not give you any of the pool sushi fees. Unlike what was advised here before.

[gloomy gazelle]

Welp you are probably not understanding how it works.

The sushi liquidity pool retains the majority fees. Your SLP tokens contained a small portion of those fees. Inherently. No need to claim. Just part of the pool value.

You could read sushi’s documentation all about it.

The relevant info

We don’t stake for the additional sushi rewards. We stake in the illuvium protocol. But that’s just like holding the LP tokens and accumulating the fees only.

[plush nebula]

I get a "cannot estimate gas" error when withdrawing vested ilv, any advice?

[brisk surge]

I definitely do. 1 slp is 1 slp. It does not matter when you received it or give it back. If e.g. you put in 1 eth 1 ilv a year ago for 1 slp. And do 1 ilv and 1 eth today you still get 1 slp... the one from a year ago is still 1 slp with the same value

[gloomy gazelle]

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

One possible solution is to reduce the amount of ILV being withdrawn by like 0.00000000000000002 or something like that. Just remove the last digit from the long string. You’ll basically lose $0.00000000000001 dollars of ILV value but it will work.

[gloomy gazelle]

Ah. You should probably look up how something called impermanent loss works. Because inherently part of being a liquidity provider opens you up to the possibility of impermanent loss. Which occurs when the prices of the underlying assets of a liquidity pool diverge. There’s loss incurred because you as the liquidity provider would have made greater gains or fewer losses if you would simply held the underlying assets separately. For example if you provided liquidity with ETH and with ILV you aren’t actually holding onto the same amount of those underlying tokens.

Here are several images of what actually composes eth/ilv SLP token. These pictures were taken at various times over the last three years. You’ll notice that one SLP token does not always contain the same amount of the underlying assets.

@hollow herald made an interesting video awhile back about some different scenarios and impermanent loss in the SLP pool.

https://youtu.be/NpjgP-i-_Io?si=638cWIKWzdLaeoJV

He does not talk about the trading fees at all. Because no one talks about them. Because they are simply inconsequential and pretty difficult to calculate due to the significant change to the amount of liquidity provided to the pool over time.

[hollow herald]

Yeah, I'm not sure exactly what the trading fees come to, but it might only be like 1 or 2% and to my understanding that just gets added into the SLP tokens.
So this image is for a different LP, but you can see on the right it shows the fees and to the left of that it has liquidity plus fees. Even though fees are added in the LP tokens I own doesnt change.

[gloomy gazelle]

https://x.com/pe1ican22/status/1750915317772304520?s=46&t=p1CJsdlT9FQTl67MJtiL_Q

pe1ican22 (@pe1ican22) on X

@ApyVision is probably the best place to look for information on the trading fees in the eth/ILV Sushi liquidity pool over time.

https://t.co/gFNqBPFgoq

Twitter · Jan 26, 2024, 4:15 PM

[gloomy gazelle]

Yup. Thanks man.

[brisk surge]

Appreciate the elaborations. I know about impermanent loss. Just think logically... how can the fees be added to the slp token if you did not stake it in Sushi contracts? It just can't... just consider a scenario where both prices don't change of ILV and ETH and there are swaps happening all the time generating fees, they remain at 50 50% ratio.... SLP price won't change over time...

We are not getting any of the swap fees when you stake to the ILV contract period.

[gloomy gazelle]

🤷 Sushi’s own documentation literally says the fees accumulate in the LP tokens. Also on chain you can see what happens with the fees when people swap. It just stays in the pool. There’s no transfer of fees out to other addresses. But it doesn’t matter. It’s not consequential. The fees in the eth/ILV pool have generated like 1-2% apr over the last three years. It’s basically nothing.

[gloomy gazelle]

Even chat gpt struggles to be clear. But it got there.

Only a small part of the fees are turned into SUSHI to be distributed to LP masterchef stakers.

Apologies for any confusion. Let me clarify: the fees earned by liquidity providers do not directly increase the amount of LP tokens in existence. Instead, the fees earned are added to the liquidity provider's balance in the form of the tokens being traded in the pool.

For example, if you provide liquidity to an ETH/USDT pool on SushiSwap, you'll receive LP tokens representing your share of that pool's liquidity. As trading occurs in that pool, you earn fees in the form of additional ETH and USDT tokens, which are added to your LP token balance. So, while the number of LP tokens remains constant, the value of those tokens increases as you earn more fees from trading activity in the pool.

[serene shell]

Hi all,, Im on the staking page, and trying to connect my wallet. Every time I click to Connect Wallet, it tries to open my Phantom wallet instead of my Metamask. How can I force select Metamask?

[ember ginkgo]

log out from Phantom wallet

[serene shell]

yah it is

I can't get the page to prompt metamask

@hollow lava are you able to advise?

[hollow lava]

Sorry, this is outside my area of expertise

[serene shell]

can anyone give a tip on this please?

[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]

Turn off other wallet extensions. Maybe clear browser cache.

[gloomy gazelle]

Do not trust any DMs or links sent to resolve this. Support is provided through the website, not here on discord.

[worthy lark]

Token Address

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

[serene shell]

Will try these, thanks pelican

[magic plover]

is there a difference between how illuvium staking yield and revdis is rewarded with regards to pool weight, token weight, etc?

[gloomy gazelle]

Same for everything but pool weight. Pool weight is irrelevant to revdis.

[magic plover]

so once we run out of staking yield and only have revdis as a source, the weth as part of the weth/ilv slp contributes nothing to the revdis?

[gloomy gazelle]

That’s correct.

[brisk surge]

They accumulate under the condition you actually stake them in THEIR contract, that way they can keep track of how much of the fees you would get. Holding an SLP in your wallet or in ILV contracts won't get you anything.

[gloomy gazelle]

But no one gets more SLP tokens.

[brisk surge]

It's an extra claim action you need to do

[gloomy gazelle]

Where does that claim take place?

[gloomy gazelle]

I think I get what you mean now. You are thinking it’s a v3 pool. It’s not. It’s a v2 pool. It works as I’ve described. V3 pools work as you’ve described.

You can always ask sushi support to check.

[brisk surge]

That's a great idea. I might do that as the amount missed out is significant.

[cyan rampart]

It can be helpful to think of this another way. When you provide liquidity, you own a percentage of the liquidity pool. Say 1%, for the sake of the example.

When someone trades using the liquidity pool, a fee is charged. For ILV/ETH on Sushiswap, that fee is 0.3% of the trade's value.

So if someone comes along and makes a $333k trade, there would be a $1000 fee collected.

Of that $1000, 83% goes to the pool itself. 17% goes to Sushi. The fees going to the pool itself are like if someone provided liquidity, but owned 0% of the pool. Consequently, they make your 1% ownership worth more, because the pool gets bigger, and you still have your 1% ownership. In this example, your 1% of the pool would still be 1%, but it would be worth $8.3 more (1% of the $830).

Note that those fees are realized when you withdraw liquidity.

Like Peli said, in V3 pools on Sushi, things work differently, and that can be confusing, especially since Sushi has removed some of their V2 documentation, but ILV/ETH is a V2 pool, as are most of the biggest pools on Sushi. In this image, you can see all the V2 pools, and the biggest V3 pool right at the bottom.

[opaque light]

Hi guys, I staked for 1 month and that period is now over.
I would like to restake but my tokens only show up in the vesting tab not the staking tab.
what do I need to do?
ty

[gloomy gazelle]

Your staked tokens remain staked and you can see them in the vesting tab. It sounds like your deposit is now unlocked. Unlocked deposits can now be withdrawn. But you do not need to withdraw them. They can remain staked and earning at the same rate. But if you want your tokens to have a higher weight then you will need your withdraw and then deposit again but with a longer lockup period.

[opaque light]

ok thanks.
So to restake after the lock period, I need to withdraw to wallet and send back to stake?
ty

[gloomy gazelle]

But it’s still staked until you withdraw it.

You do not need to withdraw unless you want to lock it for LONGER than the one month. If you just leave it as it is now it will keep earning in the same way it did for the last month

[opaque light]

I only staked for 1 month and that period is over

[gloomy gazelle]

You locked for 1 month. It continues to be staked and earning until you withdraw

[opaque light]

oh I see

[gloomy gazelle]

See below for how your rewards work…

[opaque light]

ty sir

[worthy lark]

Claiming Rewards

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

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

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

[serene shell]

Thanks 🙏🏼

[brave needle]

Hello guys! I have a doubt. I got my wrapped ILV/ETH staked for two years (even more).
Do I need to make a withdraw and then stake it again?

[versed coral]

You can just leave them as they are. They continue to earn

[brave needle]

Oh thanks!

[quick pendant]

Hi Blickter, you mentioned in that post that fees are realized only after withdrawal of your liquidity/slp.

Let's say I have been staking the slp for 3 years, and accumulated fees for example 1000$.

How would that 1000$ be distributed once I withdraw? Is it 50/50 in ilv/eth? Does it take the current price of the tokens? If so is it better to withdraw when the pair is lower price?

[gloomy gazelle]

It’s realized just like the impermanent loss is realized only when you withdraw the liquidity. It’s simply included in the balance of ILV/eth you receive after removing liquidity. Anything that uses blockchain data to determine how much one eth/ILV SLP token is worth is including the fees in its calculation of the balance. Price go up you get what you get. Price go down you get what you get.

The fees are never held separately

[cyan rampart]

Peli's explanation is correct - Until you withdraw liquidity, you just have SLP tokens. Any appreciation or loss from the pool being bigger or from the assets diverging in price is realized when you withdraw. There's not any kind of distribution.

[quick pendant]

Got it, tnx guys

[cursive yew]

Sigh, waiting for revdis is taking so so long. So much time passing. 3 years now... really hope we get blockchain components soon and a cool game. Everything looks amazing, once it launches after hell of a lot delays

[fiery nymph]

Once it gets to Epoch 78 ( Around 6 months from now) , all 3mil tokens will be out, it means there won't be any more rewards for staking right?

[cyan rampart]

Correct, it'll just be revenue distribution from June 30th onwards.

[fiery nymph]

Will only staked ILV get rewards then, or just holding ILV will be enough?

[cyan rampart]

Yeah, staking is required to be eligible for revdis (and yield).

[fiery nymph]

Thanks for clarifying.

[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]

Not as relevant to the question as I thought it would be.

[cursive nimbus]

Dumb question from someone too lazy to understand; if I staked ilv and SLP back in 2021 and it’s “unlocked” now, is there any benefit to withdrawing and restaking? Or is it still earning until it is withdrawn

[timid plaza]

Dumb answer from someone who works at KFC : idk bro

[viscid otter]

No benefit more like a disadvantage

[viscid otter]

Still earning with full weight

[gloomy gazelle]

It will keep earning until you withdraw. So if you want it to keep earning do not withdraw.

[versed coral]

Has there been any info about an incentive or anything like that going forward for SLP when staking rewards are ending? I think this topic should at least be adressed now

[dense geode]

i think its pretty well known that all stakes will stop earning yield around June 30th, and this will be replaced by earning revdis.

[versed coral]

I know that. I am talking about leaving the stakes as SLP, hence providing liquidity with ETH which doesnt provide revDis. Is it just expected that all will take out the SLP and move to ILV only?

[dense geode]

well ye, for now u will have to weigh for yourself if the few months of slp yield is worth it for u. or u rather start preparing for the end of yield and go full ilv, at the cost of missing out a few months of yield from slp

[gloomy gazelle]

Some have taken their SLP and gone all ILV. Some have not. It’s possible that the DAO will determine that there needs to be some sort of incentive for liquidity providers. But that’s certainly not guaranteed.

[misty prairie]

Rev dis only after June 30, but will Rev dis begin before then?

[gloomy gazelle]

Depends on when they launch the game and people start paying for fuel and there’s revenue being made.

[full sedge]

Hello what’s the current staking APY for SLP approx?

[gloomy gazelle]

36% is my guess. I’ll check I checked. 42.35%

I was wrong.

[brisk surge]

About 15 20 %

[full sedge]

It’s was around 50% a few weeks ago, why did it go down by so much now?

[regal marten]

It's degressive in time, drops 3% everery 14 days. The program actually ends somewhere in july.

[rich seal]

what can we expect at the end of program? with our staked assets - speaciall SLP ?

[gloomy gazelle]

My guess is that the apr was higher due to the ILV rewards being worth more. There also would have been the 3% decrease. But I doubt there would have been a lot more SLP deposits.

[gloomy gazelle]

revdis only. You can expect 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

[rich seal]

but i still don't have answer; so the SLP token will stay there, in pool? but for a much lower roi? or is going to be autoamticaly unstaked and it will be needed to decouple it into eth and ilv?

[dense geode]

there will be nothing, u can stay staked, and only receive revdis on the ILV part in the SLP u own and have staked.
there is nothing else only revdis that will give u rewards.

[gloomy gazelle]

Yield farming will be over. Which means the APR/APY that’s earned in ILV based on automatic functions will stop. 0% apr after that, no guaranteed return.

But staking will still continue. But the only thing staking will be for will be to be eligible to receive revenue distributions. There’s no technical guarantee that there will in fact be revenue to distribute.

If you never withdraw then your tokens will never be withdrawn. There will never be an automatic withdrawal of tokens. Your SLP tokens will never be automatically removed from the sushi liquidity pool either. You would need to withdraw the SLP from the illuvium staking protocol and then use the sushi website to remove your liquidity.

Here’s how you would remove liquidity. #🥩〕staking message

[misty prairie]

Thai will remove SLP in the form of SLP or will it automatically revert back to ETH/ILV?

[gloomy gazelle]

Withdrawing SLP that was staked in the Illuvium staking protocol will result in SLP tokens in your wallet.

Those instructions for REMOVING LIQUIDITY show you how to take those SLP tokens from your wallet and return them to the liquidity pool in exchange for the eth and the ILV that will then be returned to your wallet.

[haughty valve]

do I have to restake my slp?

or is it autostaked after the 12 months?

[noble nacelle]

It remains staked

[haughty valve]

thanks, so rewards are now 0?

[noble nacelle]

Rewards from the pool ? No you have the same rewards as before.

[haughty valve]

ok im seeing that im earning ilv per day but it says 0 when I go to the taking apr

[noble nacelle]

April is the end of rewards on slp pool

[haughty valve]

do you know what I can do with this 1.5 silv2 dogshit I have?

[noble nacelle]

Wait for the game and use it to buy fuel for playing 🙂

[haughty valve]

yeah thought so, thanks for your help man

[gloomy gazelle]

Clear browser cache and you’ll see the correct apr.

[worthy lark]

Claiming Rewards

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

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

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

[noble osprey]

If yield farming ends on June 2024, when i add some LPs and stake it with wage 2.0 now, can i withdraw them after yield farming end, or i will have to wait 1 year lock?

Is it profitable to add some LP with a weight of 2.0 now to be able to withdraw in 6 months? is this how it works now?

[gloomy gazelle]

It’s locked for the entire 12 months.

[timid plaza]

I think I made a mistake I locked my ilv for 12 months but now I need that money to pay for rent and food what should I do ?

[gloomy gazelle]

It’s probably a bit late to fix that. Maybe kfc managers get a raise 🤷
Not really my area of expertise

[keen crest]

Hi everybody. Got a question...... we have the ability to claim multiple original ILV stakes and use one lot of gas fees to get back in your wallet. Am I right ins saying if you have mutiple SLP staked, and mutiple reqrds that have been vested for a year, you have to individually claim these back using mutiple gas fees....? TIA

[gloomy gazelle]

SLP can be bundled. ILV rewards can be bundled. ILV deposits can be bundled. So that’s three possible groupings.

Unless the deposits are in v1 contracts still. Those take lots of transactions to do pretty much anything.

[brisk surge]

Only for v2 staking

[candid hull]

when revenu distrbion start whould it be matter if i stake for 1 mothe or 12?

[ember ginkgo]

Yes

[real lodge]

So now, if I stake, I don’t get apy but I will get revenue distribution?

[gloomy gazelle]

Correct. V1 staking is transaction heavy.

[cedar crow]

For the ILV/ETH SLP price, Zerion website seems no longer track this asset. Any thoughts about this information?

[gloomy gazelle]

That’s weird.

[gloomy gazelle]

Zapper still has it tracked

[gloomy gazelle]

Revenue Addresses

Here’s the IMX wallet with the IlluviDex trading fees and sales revenue.
https://immutascan.io/address/0x9989818ae063f715a857925e419ba4b65b793d99

The wallet address with the revenue tokens received from purchases of Unified Fuel
https://immutascan.io/address/0xbb7d2d46352ad21e4dfc07db90c9bd1ec2dbb177
(Note: this address is also used on a variety of chains for other types of payments for Unified Fuel)
https://etherscan.io/address/0xbb7d2d46352ad21e4dfc07db90c9bd1ec2dbb177#asset-multichain

OLD Fuel Revenue address ~~Here’s the IMX wallet with the revenue tokens received from the Fuel Exchange. ~~
https://immutascan.io/address/0x2208850ea5569617d5350f8cf681031102c1d931?tab=2

Here’s the REVDIS contract address.
https://etherscan.io/address/0xaa2e727ba59b4fea24d0db4e49a392fdc3e8e778#internaltx

Key governance proposal about revenue distribution parameters.
https://snapshot.org/#/ilvgov.eth/proposal/0xefc13db07b40b6376aaf89687d2259ed41d45b2b028ae1e191c46b204bb9b07d

[cyan rampart]

It's super weird, especially since they still have the breakdown for a SLP token into ILV + ETH components listed, which you can use to get the price with a calculator.

[distant wharf]

debank.com also is decent, I use zapper mostly due to better UI, but sometimes Debank tracks stuff zapper doesn't, and vice versa.

[sonic wolf]

Nothing you can do. Just enjoy rewards and try to find better paying job.

[timid plaza]

Thank you

[sonic wolf]

np. contracts are immutable, so cant pull out, unfortunately

[gloomy gazelle]

Good to see you here

[pliant whale]

Where do you find the ilv SLP price on Zapper? Thanks in advance.

[cedar orchid]

Haha KFC when are you even serious 😉

[timid plaza]

Sadly I am serious....

[cedar orchid]

Impossible and if, you knew that it s impossible to unstake once locked you are a smart worker.

[gloomy gazelle]

I usually am just using the zapper mobile app to track wallets. So here’s what I see. I open the illuvium app section and it shows the ILV/weth pool and shows the slp price there

[timid plaza]

I didn't know and made a huge mistake maybe I will sleep on the street next month

[turbid relic]

How much do we think staking being on layer 1 will affect re-staking revdis?

[gloomy gazelle]

Probably a significant percentage. Last revdis would have needed over 100 staked ILV to produce one ILV of revdis rewards. Most did not claim those rewards for awhile. If at all.

There are plans to move staking to L2. So that will help

[turbid relic]

Doesn't sound like an imminent move or a priority. I can foresee a future with high ETH bull run gas fees and not much benefit to a lot of people in re-staking

[fresh marten]

Do I have to withdraw my ilv and restake it after my vesting period has ended or can I just leave it there for revdis?

[gloomy gazelle]

You can leave it. And it will still be eligible for revdis until you withdraw it. So don’t withdraw it.

[fresh marten]

Thank you

[sonic wolf]

https://tenor.com/view/mr-gif-4358598856990341075

[pliant whale]

Oh, I found it. Thank you very much... Back to over $1k SLP again

[versed coral]

Can you link multiple game accounts to one wallet?

[ember ginkgo]

[marble grotto]

Hey guys I have a question about staking. If I don't claim my rewards, will they accumulate or does it make no difference??

[candid kettle]

The rewards accumulate, but they only start counting towards the 12-month lock period (in the case of ILV claim) and receive revdis/rewards after the claim.

[queen garden]

is there a chance to see current share of ilv and eth per slp token?

[candid kettle]

5.722 ILV/0.205 WETH per SLP token

You can check putting the SLP token contract on zerion.io, and you can view the proportions of each as well as the token's price.

[broken herald]

Hey guys, i unstaked some SLP token and i am wondering how do i sell it back into ETH and ILV

Oh dumb me i was looking for LP on uniswap instead of sushi!

[gloomy gazelle]

Glad you figured that out. We have instructions pinned in here

[gloomy gazelle]

Someone mentioned that Zerion does not have the eth/ilv SLP value tracked at the moment. Pretty weird.

[broken herald]

Wierd indeed, it's blank for me too

It does show the underlying token ratios but not the total price with the graph

[gloomy gazelle]

Zapper has it still

[broken herald]

Didn't know about this one, but it doesn't seem to have total value and graph neither

[gloomy gazelle]

Weirder still. I did find some info though. But no graph. #🥩〕staking message

[storm wolf]

does the lp pools for ilv/eth end next week? if so what happens after that? we can only stake ilv? and will there be a new apr reset?

[gloomy gazelle]

No not next week. The yield farming ends on June 30, 2024.

After that there will be no more APR for any pool.

[broken herald]

Staking will still provide some Revenue Distribution rewards though

[candid kettle]

Here it appeared normal, there's only one message saying that the token value is not being tracked, but you just need to add up the values of both parts.

[storm wolf]

Tgx

[storm wolf]

Will there be any apr for staking ilv?

[gloomy gazelle]

No

Just revdis. Which probably won’t ever be defined as APR. Since it will be highly variable due to revenue

[storm wolf]

If the games are never released how will we get rev dis? They keep delaying

Meanwhile off the grid is being offered ln xbox and shrapnel is releasing soon

[gloomy gazelle]

If you need info let me know. But I won’t stick around for this.

Feel free to check out what revenue has been made after the $5m revenue went to fill up the safety pool.

https://immutascan.io/address/0x9989818ae063f715a857925e419ba4b65b793d99

[strange parcel]

can you claim multiple rewards at the same time, thus paying only one gas fee?

[gloomy gazelle]

Yes.

[storm wolf]

whats this for?

[gloomy gazelle]

You asked about revdis so I handed you data.

[storm wolf]

So 210 eth is the balance for rev dis?

[gloomy gazelle]

Yeah. So far. It sounds like they’ll wait until it hits 500eth to start distributing it.

[storm wolf]

Ok that is promising. They gotta just release everything and get things going

[empty viper]

It appears there are only 10 staking epochs left. Any plans of what happens thereafter? Wll liquidity still be incentivized?

[gloomy gazelle]

There are no plans to continue incentivizing liquidity. If it’s needed then something could happen. But no plans made official yet.

What happens after yield farming ends is that staking will then only be for revenue distributions

[sonic wolf]

lets hope we start getting some revenue before that

[noble nacelle]

The weight x2 is still a stake for 12months ?

[cunning perch]

Yep. It's always been like that. You stake for 12 months, you get the 2X weight 🙂

[noble nacelle]

Thanks, i am making plans for april cause the eth part of slp tokens will be useless in april

[strange parcel]

Thanks!

[gloomy gazelle]

@void shell #🥩〕staking message

[candid plover]

Will there be a way to transfer our LP stake to ilv stake without having to relock?

[cunning perch]

You mean turn SLP to pure ILV and keep the Weight? Nope. In order to turn it to ILV you gotta have the SLP in your wallet and change it on Sushi. So, that means you gotta withdraw it from the ILV staking website.

[candid plover]

Locking for another year? Ew 😂

[swift spindle]

Hi - trying to confirm this:

Am i unable to withdraw deposits, v1 stakes, and v2 stakes at the same time? On the site it looks like it needs to be deposits one at a time, v1 rewards all at once, and finally v2 rewards all at once?

[gloomy gazelle]

I think maybe all rewards can be all together. (I don’t think rewards can still be v1)

But v1 deposits definitely do not get withdrawn in the same transaction as v2 deposits. V2 deposits can be withdrawn at the same time when they are all the same type of deposit (ILV or SLP).

[swift spindle]

I've only got v1 deposits from August through October 2021 - I still see rewards with a v1 next to 'em that are just old xD

If I highlight any from v1 the v2 ones no longer have a checkbox to select

No checkboxes show up for my deposits at all which also have a v1 next to them

[gloomy gazelle]

Oh wow. Old for sure.

[swift spindle]

This is what the mix looks like. As soon as I check v1 (or v2) the selection for the other disappears

[gloomy gazelle]

I forgot how it worked. I moved all mine to a new wallet when unlocked.

[gloomy gazelle]

Yup. That’s how it will work.

[swift spindle]

Gotcha, so v1 rewards and v2 rewards definitely separate. The deposits are all v1 but none have a checkmark next to them.

Does this mean I'll need to claim rewards 3 times to be able to claim each of these? 2 transactions for each deposit * 3 deposits = 6 total?

[hazy token]

Hey can someone link me to instructions about how to exit my SLP? It's been a while and I don't wanna dive in and f**k it up 😳

I want to Exit SLP, convert remaining WETH to ILV, put all in ILV-only staking.

[hazy token]

(Oh damn, the scammers see that kinda message and start DMing me!)

[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.

[noble nacelle]

The site is bugged, it shows 0% apr on both pools atm

[gloomy gazelle]

Clear browser cache to fix that

[gloomy gazelle]

Steps for this are in the pins. #🥩〕staking message

[hazy token]

Great. Thanks Pelican

[hazy token]

Following the instructions, but when I go to "remove ", it tells me that no tokens are found

So I go to "unstake liquidity" and it also says "We could not find any staked LP tokens for unstaking."

But I have SLP tokens, I can see it on the illuvium staking page 🤷‍♂️

Ah, just realised, I need to withdraw from Illuvium staking page first, right?

[static crown]

i was wondering, if we provided liquidity with sushi and obtain SLP, do we still get some benefit from them also? or is SLP only used for staking with illuvium?

[candid kettle]

If you provide ILV/ETH liquidity on Sushiswap or any other DEX, you will only receive a portion of the fees earned from transactions, and you will not receive revdis from the DAO profits.

[crystal mica]

How can I stake ILV from the ledger on illuvium.staking?

[candid kettle]

Simply link your Ledger with Metamask in the 'add hardware wallet' settings on Metamask. After that, you will use Metamask to interact with the stake, utilizing the hardware for confirmation. The stake link can be found in #🔗〕helpful-links

[gloomy gazelle]

Do not trust DMs Bianca is a scammer.

[crystal mica]

Already blocked

[static crown]

do we need to have the SLP in wallet to receive the fees earned?

[gloomy gazelle]

No. The fees remain in the liquidity pool and thus are included in your tokenized share of the liquidity pool (SLP tokens)

[static crown]

ah i see, so we'll get it when we redeem our Eth/ILV back?

[gloomy gazelle]

Yeah. It’s just part of the eth/ILV you’d get when removing the liquidity from the sushi website. #🥩〕staking message

[static crown]

gotcha thanks

[timid flare]

@gloomy gazelle can I DM you about a question please?

[gloomy gazelle]

I prefer to do stuff here. But i just accepted your friend request. Ask in dms and we can go from there. I’m going to sleep now though. I’ll reply in the morning

[drifting sky]

i did this last night,good post in pins. cost me bout $40 in gas over 3 transactions. fuck ETH!

[hazy token]

I have got the process clear now, but still holding off. Will do it pretty soon though. What was gas at when you did your tx?

[shrewd cobalt]

Hi Rangers, a simple question, will be the SLP ILV/ETH stakers getting revdis or it will be only for pure ILV stakers?

[hazy token]

you will get revdis on 50% of your SLP, ie. the ILV portion

[shrewd cobalt]

thanks mate!

[drifting sky]

Bout 17 - 20.

[hazy token]

Ok. Thanks

[carmine oyster]

what will happen to the ILV/ETH if no more stacking reward and only revdis ? (In some weeks, only revdis as rewards).
No reason to keep it into this pool but it's needed for swap ?.

[gloomy gazelle]

Perhaps people will like the trading fees. Perhaps people will like the eth. The depth in that pool is still massive. What will happen in a few months? Who knows.

[carmine oyster]

Oh yeah because stacker in that pool receive the trading fees too. Didn't remember this.

[gloomy gazelle]

It’s the SLP tokens that get the fees. Does not need to be staked.

But still it’s something

[nova surge]

Does it matter to stake ILV in the ILV pool for 6 months compared to e.g. 12 months in terms of RevDis?

[dense geode]

Yes, u only get revdis on your ILV
So in a full ILV stake, u would receive it for your entire stake, in your slp stake 50% is eth, so u only get revdis for 50% of your stake.

[gloomy gazelle]

Yes. The amount of time that you LOCK your deposit matters. It changes the weight multiplier. And the weight multiplier impacts the amount you of revdis your deposits would get.

Note that the LOCK duration is not the same as the length of time that it’s staked. LOCK can end and your deposit will remain staked and earning until you withdraw it.

[nova surge]

Ok thanks! So a 12 month lock duration will earn RevDis x 2, after the lock duration will it remain staked with the same weight multiplier?

[gloomy gazelle]

Yes

[orchid belfry]

Is anyone else having this issue? When I connect my wallet the site shows my portfolio balance at zero but I double checked zerion to see my balance and I still have plenty of ILV & ETH/ILV staked. I can't see any of my balances in rewards or vesting. I cleared my cache and still nothing. Tried it on Chrome and Brave.

[gloomy gazelle]

I recommend contacting #❓❓〕support on the website

They can track it down.

[orchid belfry]

👍

[haughty valve]

what was the exact date staking ends for slp?

[keen crest]

Doesnt staking for rewards in both pools end 30th June?

[gloomy gazelle]

Correct.

[gloomy gazelle]

Staking does not end. There will still be staking for revdis. Even after June 30 when the yield farming rewards end.

[haughty valve]

sure but its no longer worth being exposed to impermanent loss with SLP so I would need to unstake at the date that eneds

[gloomy gazelle]

Seems likely to be true

[shy aurora]

Can I unstake and remove my slp on sushi after 30/06… in case I’m busy

[storm wolf]

So on June 30th we are forced to dissolve out eth ilv slp pools?

[gloomy gazelle]

no. you can leave it as long as you want

[gloomy gazelle]

only if its unlocked

[storm wolf]

But I thought the slp.pools end on June 30th

[gloomy gazelle]

the yield farming rewards end for all staking pools

but the staking pools will still remain live for revdis purposes

[storm wolf]

Ok I was asking about the yield farmimg slp pool. You have to dissolve them.on June 30th?

[gloomy gazelle]

you do not need to

the rewards stop. that is all

[storm wolf]

Ok so what advantage do you have to NOT dissolve them if your rewards become zero

[gloomy gazelle]

theres no advantage that I can think of. You just do not have to do it

[shy aurora]

Is it better to remove slp on sushi when ilv price is higher after 30/6 @gloomy gazelle

[storm wolf]

Basically you have to dissolve them to free up your eth and ilv so you can stake ilv to earn rev dis no?

[gloomy gazelle]

not really.

[gloomy gazelle]

no. Your ilv in the eth/ilv pool will get revdis as well

[shy aurora]

Impermanent loss would be smaller right? If ilv is $600

[storm wolf]

Ok thx. But since ilv.dropped so much from.the last bull run then you have impermeant loss of ilv if you dissolve on June 30th no?

[gloomy gazelle]

No. Impermanent loss would be larger

[storm wolf]

But then you get more eth instead of ilv no?

[gloomy gazelle]

ah. Well I guess it depends on when you deposited.

[storm wolf]

Eth is king so even ilv impermeant loss you get more eth

Sounds like a win win

[gloomy gazelle]

Impermanent loss increases as the relative prices of eth compared to ilv diverges.

the eth/ilv ratio is way down since ath

The real question is what you'd rather have: ilv, eth, 50:50 ilv/eth

[storm wolf]

I think both are good. Doesn't really matter

[brisk surge]

As ILV has been going down you get less ETH and more ILV.

[visual pine]

you know that feeling when you staked for a year, but didn't actually claim the rewards and you though the 12 month vesting period had started and you waited a year to claim only to see another year locked. 🙂

[gloomy gazelle]

I heard of this feeling and that it's not great

?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.

[visual pine]

yea it does kinda suck but i probably wont be selling anytime soon. Illuvium in the long run i feel will be worth it, as we all do.

wait, so now it has a weight of 2, meaning it is generating more rewards??

[gloomy gazelle]

yeah. vesting rewards are earning further rewards

[visual pine]

sweet

does weight of 2 mean if i collected 10ILV from rewards, its a 2x so after the 12 months i will have 20?

[gloomy gazelle]

no. It means you get rewards as if you had 20 staked. But you aren't the only one with that 2x weight. So you will get some more rewards, just not a lot more. Your rewards you juts claimed (10ilv) will still just that amount when you withdraw them eventually.

[lethal kite]

I won't claim my vesting rewards even if I can, let it GROW GROW GROW haha.

[hazy token]

You should claim your staking rewards as they are immediately restaked

[lethal kite]

Yes that I will when it grows to a sizeable amount for me to pay the gas but vestings ones will leave it.

[delicate palm]

Hi, i have rewards from V1 staking, My initial staking deposit has that been upgraded to v2 staking automatically?

Also my stake was in May 2022, if I go to withdraw will there be a time lock before I can claim my tokens?

[candid kettle]

Only the claiming of rewards in ILV is subject to the 12-month lock, the withdrawal of the stake goes directly to the wallet. As long as the stake withdrawal is not performed, the stake continues to receive rewards and remains eligible for rewards even after the lock period expires.

[gloomy gazelle]

The v2 contract went live in March of 2022. So any deposits after that would be in v2.

[full sedge]

What’s the exact date that SLP yield farming ends?

[hallow harness]

Question: after vesting period is ended, do I still get rewards or do I have to withdraw and stake again? I think I continue to collect rewards also after the versting period but I'm not 100% certain.

[candid kettle]

Even after the lock-up period ends, the tokens staked continue to receive rewards and remain eligible for revdis.

[gloomy gazelle]

June 30, 2024.

[lethal kite]

So we have to sushiswap back before the price plummets? Haha.

[gloomy gazelle]

We will see I guess

[gloomy gazelle]

Community Made Illuvium Calculators

These google sheets can be copied and modified to input your own data into the SUMMARY tab. But the DASHBOARD tab has data placed on charts that should be of interest to most ILV stakers.

The TEAM EXPENSES chart may also be of interest.

https://docs.google.com/spreadsheets/d/1w9B6BloNdwsH94KVYpp7eokW4MRyeJBEnrHV94KoKMk/edit?usp=sharing

DISCLAIMER: while this tool is backed by on-chain data there’s also plenty of interpretation and extrapolation put into some of the formulas. Use it for fun and for general information, but always remember to take a moment to do a sanity check.

[restive pendant]

How can i stake ilv?

[gloomy gazelle]

See this pinned video and the pages in the description. #🥩〕staking message

Go to the illuvium website in #🔗〕helpful-links
Stake to our ILV on ethereum mainnet.

⤵️⤵️⤵️

[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]

Yield farming ends on like June 30, 2024

[restive pendant]

Why?

[keen crest]

Whats everybody staking strategy atm? I'm thinking I have yield farmed enough through SLP and ILV pools, love some rev divs but these don't seem to be in the works for s while thinking about cashing into stable for a bit, trading some swings, then waiting for games to commence...

[hazy token]

Hey all. Those of you who removed your SLP from the pool and converted the ETH into ILV to restake, did you do the swap on the same sushi pool or go to a CEX? Where am I likely to get the best result?

[brisk surge]

Sushi has deepest liquidity.

[hazy token]

OK, thanks 🍻

[hazy token]

Finally SLP unstaked! Procrastination is king haha. All SLP converted to ILV and restaked

[gloomy gazelle]

Decent gas for ya

[hazy token]

Not too bad 😬

But it was the best ETH to ILV ratio in a few days so thought it was worth it

[brisk surge]

It is indeed pretty low now good if you think ILV will outperform ETH

[hazy token]

That. Is. My. Hope. 😅

But knowing my luck, it’ll be the opposite

[ancient eagle]

I did the SLP to ILV switch back in August. Ended up being a good call, but now is also a good time.

[hazy token]

I procrastinated for probably the last three months about when to pull out of the SLP and convert it to 100% ETH.

It’s a tough call deciding when the eth ilv ratio is good for withdrawal, but perfect is the enemy of good 🤷

[gloomy gazelle]

Crap. I just realized that I did not actually share the file. Fixing that now. Sorry yall.

Should be fixed now.

[timid plaza]

It's ok for this time

Avoid such mistake In the future please

[gloomy gazelle]

https://tenor.com/view/apology-your-grace-bridgerton-swish-apologize-excuse-me-gif-20294266

[keen crest]

HI there, I've just redeemed my SLP stakes from the staking ILV dshboard, I can see the SLP contract address in the pinned post, where do I put that into my metamask so it appears ? THen I plan to head to sushi swap to switch the toekns back to Eth and ILV, thanks in advance

[gloomy gazelle]

You do not need to add the token to your metamask. If you are going to remove liquidity anyways.

But you can use the ADD CUSTOM TOKEN button or something like that.

[gloomy gazelle]

Here’s how to remove your liquidity #🥩〕staking message

[versed coral]

How do you define a good time for the SLP convert? Is it because you’re getting more IlV than eth right now?

[hazy token]

It can depend on how you want the ratio to go, in favour of eth or ilv. It’s always a judgement call that you have to decide. And the perfect call is almost impossible

Have a look at the eth/ilv chart over the last year or so and you’ll get an idea

[ancient eagle]

It was just the point where ILV had lost so much value to ETH that the amount of actual ILV I would be getting in the pair was 3x what i originally paired. Granted the pair lost significant value, but the farmed tokens plus the 3x in ilv in the pair was enough to tip me over and liquidate the pair. Ended up being close to the bottom and a good call. Could have gone bad too, I guess you just need to determine a spot you're comfortable with and take it.

[versed coral]

Maybe I am not fully understanding this, but doesn’t it in the end always just matter on the dollar value of a SLP token as to how many pure ILV you will get out of them? Or does it consider the ratio when I initially created the slp? So if I were to remove liquidity now, I would get like 6 ILV and 0.2 eth or something like that?

[static crown]

my wallet just got hacked

they've withdrawn most of my funds already from the staking contract, is there a way for me to lock those that are still vesting?

[cedar crow]

On my staking dashboard, both the pending rewards and revenue distribution were zero even though the ILV earned daily looks normal. Other numbers about claimed SLV and SLP were normal. It was still showing zero even I tried re-login and reconnect to my wallet for several times. What happened to the pending rewards and revenue distribution in my account? Can someone help me?

[candid kettle]

It's usually a UI error; clear your browser cache and check if it resolves. If the error persists, submit a ticket to support at #❓❓〕support so they can assist you.

[static crown]

anybody?

[candid kettle]

Submit a ticket to the support team at #❓❓〕support explaining your case, so they can assess the possibility of migrating the staked balance to a new wallet.

[static crown]

thank you

[cedar crow]

Resolved after refresh the browser. Thanks!

[plain thorn]

Man that sucks, been hearing more and more people getting hacked. Do you know what happened? Did you use a hardware wallet?

[static crown]

no hardware wallet. gave private passcode to a fake mobile rabby wallet..

[timid plaza]

How much did you lose ?

[static crown]

total amount around 200k

[timid plaza]

200k$ USD ?

[static crown]

yep

[plain olive]

That's so sad to hear.
I hope you can recover from that and wish you all the best.

[static crown]

thanks man, gotta move some funds and hopefully i can make i back this bull run

[plain olive]

I have faith.
You can do it mate!
Good to hear you still staying positive 👍

[candid plover]

hi guys more than a year ago I had sushilp locked and when I wanted to collect my rewards I forgot that I had to go through sushi, is there a way to rectify this?

[gloomy gazelle]

Where did you make your staking deposit more than a year ago? What site?

Rewards for staking on the illuvium staking site need to be claimed on the rewards tab. There is no need to go to sushi to claim your ILV staking rewards. This is true for both ILV deposits and ETH/ILV SLP deposits.

⤵️⤵️⤵️

[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 plover]

I sent from metamask eth and ilv to sushiswap to make the pool then I locked on the official ilv website

[candid plover]

do you mean that this should have arrived directly on my wallet?

[gloomy gazelle]

No. @candid plover you should read this message.

[gloomy gazelle]

Rewards when claimed as ILV get locked in the contract for a 12-month vesting period. After that time is finished you can then choose to withdraw them. Much like you can choose to withdraw your SLP deposit or you can leave that SLP deposit and let it keep earning until you choose to withdraw it.

[gloomy gazelle]

Could be one of several possible errors.

Maybe this… #🥩〕staking message
Read through some of the messages after that guy’s screenshot and question.

Otherwise contact #❓❓〕support using the website shared in that #❓❓〕support channel.

[gloomy gazelle]

Just because it did not work for him does not mean it will not work for you. It worked for me.

[sleek tangle]

Hi, see if you can help! eth charges me 25 usd for stacking 20 ilv. For a 3% APR, does this stacking make any sense? Do they give anything for stacking in the game or something? thanks a lot !

[hazy token]

You’ll get revdis

[sleek tangle]

Excuse my ignorance, what is redvis?

[gusty sorrel]

If i stake for 1 month , my ILV tokens are ready to use , swap or do anything with them ? But only the Bonus reward from staking is locked for 12 months ? Or the whole amount of staked+gained ilv is locked for 1 year?

[hazy token]

You will get part of the game revenue that will be distributed to stakers

[gloomy gazelle]

No we do not. Be extra careful with this. Many that offer to help with this are scammers.

[static crown]

yes i understand, thanks for the reminder

[gloomy gazelle]

After the month ends and your deposit unlocks then you are able to withdraw the deposit. Or leave it and let it keep earning. Only the claimed and then vesting ILV rewards would have the 12 month lockup.

[austere pilot]

Hi, what's the APR for ILV staking if it's for 1 or 6 or 12 months?

[sonic wolf]

there ya go bud @austere pilot

[ember ginkgo]

SynthaMod

[viscid otter]

you know what to do with this error message when trying to stake ilv?

[gloomy gazelle]

Your token allowance needs increased.

[viscid otter]

how can i do that?

[gloomy gazelle]

I’d say use revoke.cash to revoke your allowance for the staking contract. Then the illuvium staking page will be sure to ask for a new allowance

[viscid otter]

ok thx

[high valve]

hi guys i didnt log in a veryyy long time, i got a bunch of SLP token locked since 2021 ^^ what should i do with them now ? can someone advice should i leave them?

[gloomy gazelle]

If you leave them they will continue earning. Have you been claiming any of your pending rewards?

⤵️⤵️⤵️

[worthy lark]

Claiming Rewards

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

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

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

[high valve]

just normal ilv that i restaked but didnt touch the SLP was wondering what you guys advise to do with them, till when should i keep them their ?

[gloomy gazelle]

Different people do different things. Things that impact your decision are the APR and the potential for revdis and the potential for impermanent loss if the relative prices of eth and ILV diverge.

The Staking rewards continue until June 30, 2024. After that it will just be revdis.

[high valve]

yes im very much not educated on the impermanent loss matter as im french my engl is not perfect ^^ thts why i was wondering about educated people opinion on what to do with slp part,

[gloomy gazelle]

Your SLP will only earn revdis on its ILV half.

[high valve]

oh so i shall leave them their till june and reemove after ?

so sorry if my questions dont make sens, thanks for taking your time to reply me

[gloomy gazelle]

I still have my SLP staked. It’s earning still.

When I withdraw my SLP the decision will be either turn the SLP into all eth or all ILV or leave it as 50:50 and just deposit the ILV half.

At current prices I believe that I’ve been better off as leaving my SLP for the past year or so than going all ILV. I might have been better off as all eth. But I will not run numbers just to see how much I regret past decisions.

[high valve]

thanks a lot yes i think i'll do that till june then convert all slp into ilv is it hard to do ?

[gloomy gazelle]

No.

First withdraw the SLP.
Then follow this.

#🥩〕staking message

Then swap the eth for ILV.

Then stake the ILV.

[high valve]

many thanks , i trully believe in this project hope to earn well from it this cycle

[gloomy gazelle]

Basically whenever you are feeling confident that ilv is going to start outperforming eth by a higher percentage than the percentage APR for the rewards you are earning then that’s the time to switch from SLP to ilv.

[high valve]

thing is im not much educated on the matter, im more an inverstor i dont really follow the market i connect 1 or 2 time a month, so if u can recomand the "easy" way im happy, thats why i was just thinking june as u said before ^^

[gloomy gazelle]

Yeah. That’s probably easiest

[high valve]

one last question if you have the time, if i choose to convert my slp into full eth, does it "sell" my half of ilv ? convert with the "price of the day " to eth ? how does it work ? thanks again for your time

[gloomy gazelle]

It is definitely just selling ILV for eth using sushiswap.

[high valve]

thanks a lot

[full sedge]

Guys how do I take out my V1 from staking?

Hello @gloomy gazelle

[gloomy gazelle]

From the VESTING tab. Click withdraw.

If it throws an error then it could be one of several possible errors.

Maybe this… #🥩〕staking message
Read through some of the messages after that guy’s screenshot and question. Maybe a bunch of other possibilities.

Otherwise contact #❓❓〕support using the website shared in that #❓❓〕support channel. You can also find support by clicking the HELP(?) button on the top menu on the illuvium website.

[thick crypt]

Hi @gloomy gazelle any word on when the staking upgrade will happen? Not sure if it will be on IMX chain

[gloomy gazelle]

V3 staking would only happen sometime after June 30, 2024. It’s true. We are not sure if it will or will not be on imx. Probably will it seems.

[thick crypt]

Thanks bud, correct me if my thinking is wrong here

After June 30.2024 will all ILV tokens be “in circulation”?

I know we have a bunch locked up for tournaments and the treasury

[gloomy gazelle]

Depends how you count ILV as in circulation. I believe even the team’s calculation (used by CoinGecko) needs the pending rewards to have been claimed. And not everything will have been claimed yet. Some calculations only count the ILV once it’s been minted. Which may never happen.

[thick crypt]

Interesting, I always thought that all tokens were already minted, there are a few SILV in circulation which will eventually be burnt

Then after staking we should see some kind of supply shock as no more ILV will be curated via staking

But good insight, I’ll just keep DCA-ing and so will my friends

[plain olive]

Treasury is not minted either, right?

[gloomy gazelle]

The only tokens not minted yet are from # yield farming staking rewards. Treasury tokens were minted at token genesis. They are held in the treasury wallet. The team does not count those as being in circulation. Or the game rewards tokens.

[misty prairie]

Regarding the ILV rewards from staking SLP, those are auto locked for 12 months. That being the case, will those locked ILV rewards be earning revdis at the 2x weight?

[bright heart]

Yea.

[spice schooner]

SLP fees will be gorgeous on this volume:

[bright heart]

Anyone keeping track on how much ETH we have stacked up for revdis? I saw 212 ETH($685,393.97) on IMX. And by the look of the last transaction from the revdis contract, the min amount of ETH to distribute is 250. Soo... soon™?

Maybe I'm missing some ETH or other tokens that are in other wallets.

[vivid cove]

Would be cool to distrubate alittle now with the uniswap hype 💪🚀

[bright heart]

Sadly at this point only royalties are added up to the pool. The next beyond wave should 100% get us across the line.

[vivid cove]

Yeah. Q2 will be really crazy. Only thing now that can fuck this up now is like a ww3 or blackswan event it feels like 😅🙏

[bright heart]

https://tenor.com/view/exorcism-father-mulvehill-evil-z-is-for-zombies-get-out-evil-spirit-gif-22407195

[distant wharf]

GM @steady trellis Did you have any idea how to work out how much an individual wallet was 'missing' from the rewards you had calculated previously? Or any tips to help estimate if not.

[eager flame]

Is there a time when the rewards for staking end?

[plain olive]

June afaik
Hopefully revdis kick in before that happens

[eager flame]

Thanks for the answer.
Will staking with LP tokens become worthless?

[plain olive]

Idk to be honest, got in to late and just staked in the normal pool.
Afaik you are just eligible for 50% of your LP pool worth for revdis, since just 50% of your LP pools worth is in ILV. But i guess a more staking experienced member would have to answer that question.

[obtuse socket]

does that imply that staking plain ILV is 2x Rev Dis of staking same $ amount in the LP?

[bright heart]

Correct.

[bright heart]

Not worthless. Keep in mind staking SLP also acrues the LP trading fees from sushiswap. And the whole DAO will be swapping there.

And ILV/ETH is the top trading pair (in TVL and fees) on Sushi 🙂

[distant wharf]

Yes, but if ILV goes up more than ETH, you are getting drained of ILV tokens (and vice versa), so could end up being less (or more) over time.

[bright heart]

I think this is wrong. @obtuse socket asked if solo staked is earning more revdis per $. Which is correct. And solo ILV is not exposed to impermanent loss.

[distant wharf]

He said "does that imply that staking plain ILV is 2x Rev Dis of staking same $ amount in the LP?". And that is true at the moment you stake. But over time, the 2x ratio will not stay true compared to when you first staked VS if you staked ILV in the first place. If you get my point?

I mean, it is always true at any point in time. But I just want to make it clear, if you are deciding between ILV vs SLP and it's effect on rev-dis, it's not a simple "I'll get 2x more in ILV then SLP" for the duration of my hold, the amount of ILV you have will keep going up or down, vs flat if u did single sided

[bright heart]

In terms of revdis only 1k usd in ILV will bring 2x more than 1k USD in SLP. With same weight.

[eager flame]

With the loss of staking rewards, is there any benefit to staking other than revdis?

[bright heart]

Governance.

[eager flame]

I see! Indeed.

[bright heart]

But revdis is the bigest sell point of ILV token in my opinion.

[eager flame]

When staking in LPs.
Is it more effective to release and change to ILV single before the reward is lost?

[bright heart]

Many people seem to think so. They're frontrunning the end of rewards. But it's speculation. The more people leave the LP, the more money it makes 😄

[eager flame]

Interesting! So the APY goes up when there are fewer people.

[steady trellis]

Can only do some estimate when we know the SLP pool amount and even then it’s very approx, don’t expect much compare to round 1 I suppose

[versed coral]

Are we getting the fees from sushi trading while being staked in the IlV protocol with our SLPs?

[eager flame]

I wondered the same question.

[distant wharf]

what do you mean, 'know the SLP pool amount'? Do u mean total at various points or?

[gloomy gazelle]

Yes. Most of them. But not the portion that gets turned into SUSHI and distributed to stakers on sushi’s masterchef protocol.

Most of the fees get rolled into the underlying SLP token value.

[distant wharf]

And do you know what time period this bug existed for? I had a ton of SLP from August 2021, but mostly went full ILV late 2022 and early 2023.

[steady trellis]

The SLP pool status at the snapshot moment will be used

[versed coral]

So once yield farming ends we receive those rewards instead? Or how are we supposed to receive those from sushi

[eager flame]

When do you anticipate the pool will be depleted?

[steady trellis]

Then you’ll have almost nothing, the big gap is mainly on SLP

[distant wharf]

so what date was it from roughly?

[gloomy gazelle]

No. It’s just in your SLP tokens.

[steady trellis]

Last day of rewards for staking is end June

[versed coral]

Are they added to the value once I remove liquidity?

[steady trellis]

Staking v2 was when ? Can’t remember 🤣

[distant wharf]

around Mar 25, 2022 based on a video . So I would have had say 5-6 months of it I guess. Did it get corrected at a date, or is it wrong currently?

[steady trellis]

Of you didn’t claimed the first side of missing rewards, they are lost for you

[gloomy gazelle]

No. Because it’s a v2 liquidity pool on sushi the fees simply remain in the pool after the swaps are made. That means the value of each SLP token includes the fees immediately.

[steady trellis]

I think last day wasin December

[versed coral]

Ah that sounds good. So basically there’s no action needed for me then.

[eager flame]

When staking with SLP

Advantages
You get susi's swap commission.
You can get revdis for ILV.

Disadvantages
You get only half of the revdis.
The amount of revdis is subject to change depending on the price of ETH or ILV.

I think it is like this...

[gloomy gazelle]

Correct.

[dry dune]

is there still staking left?

[pine maple]

Has there been any discussion on if staking rewards will continue after the final epochs finish in a few months?

[gloomy gazelle]

There are no more yield farming tokens after yield farming ends. So there will be no more yield farming rewards. Just revdis.

[gloomy gazelle]

Yes. The yield farming rewards continue Until June 30, 2024.

[dry dune]

so would it still be worth it to stake?

[gloomy gazelle]

As compared to what?

[dry dune]

before when you could get rewards for longer

if i don't currently own any tokens

[slender walrus]

hey i have a question regarding stacking

the slp token i staked, when i unstake them will i receive the Eth/ILV amount i put into it or will i get the $ amount from the time i put it iin

[candid kettle]

The price of the SLP token varies according to the price of the two tokens relative to each other. This causes their value to change constantly, potentially leading to impermanent loss or gain inherent in any liquidity provision. Currently, 1 SLP is composed of approximately 5.55 ILV and 0.212 ETH, and these values change constantly as the values of the two tokens fluctuate.

[gloomy gazelle]

I’m not certain what this is asking about. But yield farming rewards end on June 30, 2024. Revenue distributions will be made indefinitely into the future for as long as illuvium is making revenue.

[slender walrus]

is there like a graph somewhere that shows how the slp token fluctuated in the past couple months would be interesting

[shell peak]

Someone remind me again where the ILV/ETH LP is staked?

Was is it SushiSwap?

[gloomy gazelle]

Either the illuvium website or sushiswap.

Check some older pins in #🥩〕staking for staking info

[restive egret]

Heya, I have like 0.95 ILV staked with 0.16 ILV reward, is there some better way to claim them rather than 1 by 1 for $30 gas each?

[versed coral]

Accumulate more rewards before claiming and/or wait for lower gas ⛽️

[restive egret]

It's stuck in V1 so haven't got rewards in a while... but thanks for letting me know the options I have fam

Btw last question, I haev a bunch of ILV on Binance - do I get rev distribution for those if I move them to my metamask account instead?

[versed coral]

You might also wait for staking v3 which might be on L2 without gas, but not confirmed and it will probably be next year until then

[versed coral]

No. Only staked IlV get rev dis

[restive egret]

Ah - I'll read more about this in the whitepaper. Thanks mate

[hollow fog]

So does all staking end on June 30th? And do the lockups expire then?

[sonic wolf]

if you keep staking - you get revdis

[hollow fog]

They mail me a check?? Lol I assume they just buy iLV and give it to me? Sorry if it's a dumb question. I haven't been paying attention to this project for quite a while

[gloomy gazelle]

It’s part of the staking protocol. You stake. When there’s revenue distributed then you can see it on the staking webpage and you can claim it when it’s worth spending the gas (eth) to claim it.

[placid zephyr]

I'm Priyashree from Finstreet - India's first crypto education platform and we have Finstreet Media which is a Top Blockchain & Crypto Focused PR and Influencers Firm.

We have connections with 1200+ top performing YouTubers and have delivered to Polygon, AAVE, Balancer, Algorand, Huobi, Celo , MakerDAO and brought amazing results.

We would like to collaborate with Illuvium to create an Awareness campaign.

Could you direct me to the concerned person?

[gloomy gazelle]

Fill out the form below. Wait for team to respond. Do not spam your message in multiple channels.

⤵️⤵️⤵️

[worthy lark]

Collab Request

Thank you for your interest in collaborating with Illuvium. To submit a collaboration request, please use the form available on our support page: http://link.illuvium.io/collab.

[gloomy gazelle]

Sometimes it takes awhile

[vernal drift]

Hi all! I had staked LINK in the flashpool a couple years back and couldn't figure out how to unstake... anyways i can get some help with this? sorry i know this ended years ago...

[candid kettle]

Send a ticket to support at #❓❓〕support so they can assist you with this withdrawal.

[warm knoll]

zerion stop showing price from SLP ?

[gloomy gazelle]

Pretty much yes.

[ashen flax]

We need a Staking V3... X_x

https://tenor.com/view/whale-swallow-gif-21755852

[vernal drift]

thank you!

[ashen flax]

maybe wrong channel to ask 😇 🤷‍♂️ 😂

[misty prairie]

Have you guys seen this before?

I keep getting this notice and I’m not sure if I should proceed

[gloomy gazelle]

Someone else had this recently as well. Could be in need of a metamask update.

Gas is crazy right now too

[misty prairie]

Yeah, I might just bite the bullet on the gas now to be ahead of the June curve

[gloomy gazelle]

At least wait 24 hours…

Weekend rates incoming

[misty prairie]

Oo thanks for that. I’ll keep an eye on it!

[sly linden]

hey guys, if i stake my ILV is it true i will get some Revenue Distribution once the game does live and starts earning??

[topaz wind]

Yes

[short heart]

Weekend rates usually crazy high or lower? It’s been a minute

[gloomy gazelle]

Weekends are usually the lowest gas all week

[prime crater]

If I have been claiming staking rewards regularly, is it possible for me to withdraw the vested rewards all at once, rather than withdraw each one separately?

[hazy token]

I was wondering this. I think I screwed up when I withdrew my 3 SLPs and did them separately. I guess if you tick those checkboxes on the right, it does a unified tx 🤷‍♀️ . So I am thinking, when I want to withdraw from the ILV pool, how can I select multiple if they are on more than one visible page?

[cunning perch]

Whenever you have unlocked rewards, you should be able to check the boxes on the left side of the unlocked positions and withdraw in one go

[hazy token]

Can that function - checking the boxes - carry over various pages of tx?

[misty prairie]

Moving crypto around is one of the most stressful things I’ve ever done

Officially pulled from SLP and all in on ILV pool.

Let’s go RevDis!

[wintry sigil]

Guys quick question, I locked my ILV/ETH pool LP for 3 months (or something) but I have had it for longer. Does the APR stay fixed at the amount I locked it for? If yes, where can I find this original %. If I plan to continue keeping it for longer, should I restake for a longer locked duration?

[ashen flax]

yes, the rate stays the same. If you wanna change it you need to unstake / restake (as far as i know)

(why are illuviums own links blocked???)
Homepage => staking => Vesting => Weight is the 4th column: 2 is 1 year, 1.5 is 1/5 year..

[wintry sigil]

Great Thank you very much @ashen flax

[tawny stirrup]

hi guys ive just staked SLP into ilv staking website for one year , and someone told me they will soon end the staking program based on the date shown 14/3/2024 epoch 78 , is it true?
and will gappen to my staked slp

*and what will happen

[wintry sigil]

please tag me in the reponse to this

[misty prairie]

I'm going to attempt to answer this to the best of my ability, but perhaps @gloomy gazelle can affirm or correct me on the matter.

The SLP staking isn't going to "end" per say. What is projected to end in June are the rewards for staking SLP (which is in fact the primary incentive for staking SLP in the first place). It sounds like your SLP may still be locked post-reward distribution period. (I would be interested to know whether or not they will allow an early unlock feature once rewards cease, but I'm not sure if that's likely). But once they are unlocked you may still withdraw them as usual and swap them back through Sushi for your ETH/ILV pairs.

The active strategy at the moment, since this is the case (and this is not financial advice, but merely speculation), is to begin migrating funds from the SLP pool strictly to the ILV pool in anticipation of the Revenue Distribution expected to occur post-launch.

I know this isn't the best news to hear in your current position, but it isn't the worst news, Your funds will be waiting for you. However, perhaps you could reach out to the admins for some internal support in seeking out the mercy of some sort of buyers remorse, given the circumstance. Who knows, but it's worth a shot. Worst case scenario, nothing changes anyway.

[rapid vapor]

Hey guys, if I withdraw my staked ILV from staking, will my accumulated rewards also be withdrawn too? Or should I withdraw my rewards and then withdraw my staked ILV? (Trying to avoid too many transaction fees)

[tawny stirrup]

thats bad for me i will bot have a chance to get rev des then untill 12 months from now

[tawny stirrup]

up

[rapid vapor]

Also I see this “V1” next to my staked ILV. Is this okay? Im still accumulating rewards with a V1 stake right or should I withdraw that and restake it?

[gloomy gazelle]

Your SLP gets revdis as well. Just for its ILV half.

[gloomy gazelle]

It’s fine. It’s earning.

[gloomy gazelle]

Have you claimed pending rewards?

Rewards and deposits will need to be withdrawn separately. You check the boxes. It won’t let you check the boxes for things that can’t be withdrawn at the same time. But it lets you check the boxes for things that can be withdrawn at the same time.

@tawny stirrup @wintry sigil
@misty prairie shared solid information.
The one idea that perhaps things can be changed with the immutable contract and that locked deposits could be returned early simply won’t ever happen. But other than that it sounds very accurate. Let me know if there’s anything you are still wondering about

[gloomy gazelle]

The APR % does NOT stay the same. The APR is variable. Your deposit simply locks in the token weight. 12 months lock gives you 2x weight. Which gives you the apr % as displayed in the staking page. Whatever is displayed is the rate at which you are earning at the moment that you are looking at the apr.

[gloomy gazelle]

Pretty much everything is blocked. With only a few whitelisted exceptions

[ashen flax]

would expect a *. illuvium .io/* would be usefull and hard to make bullshit^^ 😇

[reef cairn]

Has anyone interacted with ledger-metamask-illuvium. Like is it safe to use ledger with metamask and then specifically is it safe to do so with illuvium dex and staking?

Because Ik there was a hack a while back with the ledger kit and Im not sur eif thats all been resolved or not?

[woeful marsh]

hi. i asked this in community help but just got noticed by a most likely scammer 😄 anyway, i have a V1 in vesting menu, if i withdraw this, can i trade it in sushiswap? if not, how do i migrate to v2? TIA

[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]

After the withdrawal, you can transact normally. DM are scams; be cautious.

[gloomy gazelle]

The v1 just indicates it was in the v1 staking contract.

It’s the same ILV

[gloomy gazelle]

Yeah that’s fine now.

[safe yoke]

hey folks - i had staked LINK on illuvium a while ago, it's not available on the current UI, can someone pls direct me on how to unstake it, or where to find it? thks

[wintry sigil]

Thanks guys appreciate the help @gloomy gazelle @tawny stirrup @misty prairie

[gloomy gazelle]

This pin shows how. #🥩〕staking message

Contact #❓❓〕support through the website or email shared in the #❓❓〕support channel if you want some more hands on help.

[keen fjord]

hi just a quick question : when you claim rewards, you are obliged to wait on year to withdraw ?

[craggy field]

if you claim your rewards in ILV yes, if you claim them as sILV2 then you can do with them as you wish immediately!

[keen fjord]

Ok clear Thank you

[safe yoke]

great thank you. I've emailed support. I think I did most things right, I just get a ludricrous gas fee of 1.3ETH. So trying to figure out how to reduce that to push the transaction across.

[gloomy gazelle]

Weird. Here’s the most recent example of someone successfully withdrawing their link deposit. https://etherscan.io/tx/0xba49767b0eda070d88b2ff451e8865a41c3ad07dc386ea21d736f20b38ac56c8

[ruby ridge]

Hi guys, I've been away for 2 years since I last staked ILV/ETH, it shows I'm still in V1, do I need to migrate to V2 and did I lost out on the staking rewards for not migrating to V2?

[gloomy gazelle]

As long as the v1 indicator is white and not red then it’s fine.

[gloomy gazelle]

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

[half tusk]

will I be ever able to claim it with a profit ?? so far it's no way to do it with gas prices

same as here , I would love to keep staking it - instead of let it be in vasting

[gloomy gazelle]

Do you still have tokens staked?

[gloomy gazelle]

That means it is staked.

Just don’t withdraw it and it will keep earning.

[half tusk]

so all the time % is rising?

[gloomy gazelle]

I’m not sure what you are asking

[half tusk]

you answer made it clear , i'll be back in 2 years ;P or you have better strategy ?

[gloomy gazelle]

When GWEI is 1 that’s when you want to claim your pending rewards.

Gwei is now 101

https://tenor.com/view/gregzaj1-eth-ethereum-etherium-gif-25276399

[sly kindle]

The "Weight" or "2" (for vesting 1 year), is that in effect immediately upon staking? And also, is that weight related to RevDis rewards only, or does it apply to anything else?

[gloomy gazelle]

Yes it’s immediate. The 2x weight impacts how much revdis is received for those tokens.

[sly kindle]

I'm not sure anyone can answer this question but I'll ask it anyway. I had an issue and need to move all of my ILV from one wallet to a new one. So I will unstake transfer and restake. If I lock it for a year I will get the 2x weight. I believe the negatives are a) GAS fees!; b) will have to wait 365 days again before I can withdraw the ILV; c) Would I miss out on a large part of what I would have received in any upcoming airdrops being I would appear as a new staker vs staking since 2021? (also, are there any other negatives I'm not taking into account?)

[gloomy gazelle]

I can’t imagine the age of staking will impact anything in the future.

[gloomy gazelle]

There is a tool to switch wallet control to another wallet. It’s on the site somewhere

[sly kindle]

Whow, are you saying there's a way I can just switch it to a new wallet without needing to unstake and all of that?

[gloomy gazelle]

#❓❓〕support could walk you through that and see if your old wallet is able to use that function (basically just needs to and only v2 contracts)

[gloomy gazelle]

Correct

[gloomy gazelle]

It’s in the DASHBOARD tab. Says Change Wallet

[sly kindle]

Sorry, DASHBOARD tab from where, somewhere on the illuvium.io website?

[gloomy gazelle]

On the staking webpage on the illuvium staking page

[sly kindle]

thanks

Ah, it says "Not eligible, Unfortunately wallets with any history of v1 stakes are not eligible". If I withdraw all my V1 stakes is it still not eligible?

[gloomy gazelle]

It Still would not be eligible .

[sly kindle]

Too bad, new hopes dashed, so then I'll have to do the initial plan

[gloomy gazelle]

Yeah. Sorry to rug your hopes

[sly kindle]

no worries, thanks for the help and info

[misty prairie]

When we eventually claim revdis, will we be able to claim it without a 12 month initial lock on it?

[gloomy gazelle]

Yes. Revdis is immediately withdrawn to your wallet when you claim it.

[misty prairie]

Ok, I thought that was the case but started second guessing. Thank you 😊

[jagged steppe]

hi there. i ve stake for 2 yrs n hav unclaimed ILVs . Do i claim it ? or let it in there so it will continue to grow ?

its way pass my 12months initial lock tho.

[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]

Go to the pending reward tab

[jagged steppe]

i hav pending rewards to claim n also pending RevDis to claim... if i let it sit in there will it accumulate more ?

i staked SLP 2yrs back... isit still accumulating there ? after i claim my Rewards n RevDis ?

[gloomy gazelle]

As long as you have tokens still in the VESTING tab you are still earning. Unless they marked by a red v1

[gloomy gazelle]

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

[jagged steppe]

thanx thanx Pelican... i guess i ll just leave it in there... n then claim it later when it gets more

[harsh charm]

Thank you, been trying to figure out how staking works. >.<

[harsh charm]

I went to approve the staking process for LIV, but when I do I get a "Custom spending cap: 115................................ request" to approve in my wallet.

Am a little confused.

First that is an absolutely huge number.
Second is that supposed to happen?

This is my first time staking anything ever.

[gloomy gazelle]

So that’s pretty standard for most contract interactions. It’s approving your token spend limit with that contract. Best practice is to either edit that crazy number to be barely over the amount that you want to stake or to be the exact amount you plant to stake. Another option would be to approve the large amount and then go back and revoke the token approval.

[harsh charm]

Thank you. The huge number was freaking me out.

[gloomy gazelle]

This guy goes through how token approvals work. https://youtu.be/-_Wt_rbI6oo?si=EFiM_o2fnQU1awBM

It looks more stressful that it has to.

Not sure how great the video is overall but seems fine at a glance

[gloomy gazelle]

Scammers are active today. Never trust DMs.

[worthy lark]

DMs are scams

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

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

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

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

[harsh charm]

All good, my DM's are locked in general. Thank you for the heads up.

[harsh charm]

Will watch! Thank you. Read/watched the stuff on ilv. This can only help!!

[rugged igloo]

What happens when staking v2 runs out? Will there be a v3? Or just wait for revenue distribution?

[gloomy gazelle]

Just wait for revenue distributions. V2 is not additional to v1. It’s the same staking rewards it’s just the new staking contract.

There are plans for a v3 staking contract that will be on an L2 like imx. It’ll be staking for revdis since there won’t be any more yield farming rewards.

[rugged igloo]

Great. Looking forward to more v3 staking announcements soon, I hope

[queen garden]

hey there. are there any revdis calculations/predictions for open beta? how much you could potentially earn per ilv?

[static crown]

vesting funds shouldn't be able to be moved correct?

i had an SLP stake that was supposed to still have around 300+ days vesting is now gone...

[static crown]

@worn turtleit would seem i'm not the only one that had this happen, is there a dev you can talk to and stop the contract?

[static crown]

@hexed solar

[gloomy gazelle]

There’s the movefunds function. If someone has your keys they can change the wallet that is attached to those staking deposits and rewards.

[static crown]

i tried to do that and it said i couldn't since i interacted with v1

[gloomy gazelle]

What transactions occurred that now it’s gone?

[static crown]

it would seem hacker (with my keys) withdrew my staked SLP and cashed out

[gloomy gazelle]

What does etherscan say

Can you show me the tx?

[static crown]

photo or link?
https://etherscan.io/address/0xfbCd56AB1a384e2A42f871E229fc60c92491532b

[gloomy gazelle]

Link

Please

[gloomy gazelle]

They used that function. https://etherscan.io/tx/0x3cc5b182f9706542384157bb6ccf4d1fc175bd551a5edd7481df25f10b6191fb

They did not withdraw.

[static crown]

oh.. why is it that when i tried to change wallet.. it said that i had interacted with v1?

[gloomy gazelle]

Welp the reality is that there are limited v1 interactions with the v1 SLP pool that are still eligible. The function can be called manually on function by writing as a proxy on etherscan.

[static crown]

...

[gloomy gazelle]

Not sure why the staking site would not be able to determine that.

[static crown]

when i contacted support, they told me there was nothing they could do.. i thought my funds would be safe till vesting period was over... and now it's gone

[gloomy gazelle]

I’m really sorry that happened.

[static crown]

this message was directly from support

[static crown]

they've also only moved my SLP from my vesting.. can you possibly assist me in doing that now for my vesting ILV?

[static crown]

also, is there a blacklist function i hear? could you possibly blacklist that address?

[gloomy gazelle]

No I don’t believe that’s a thing.

[gloomy gazelle]

You can try it. But it won’t work.

[static crown]

would it be possible to reverse that transaction? or maybe some compensation?

[gloomy gazelle]

Not possible.
Can’t imagine that will happen.

[static crown]

so migrating current staked ILV to a new contract would also be out of the question if done from your end?

[gloomy gazelle]

No one can do anything to your wallets deposits or rewards unless they have the keys.

[sacred sable]

Can anyone explain why there is staking V3 in Q3 this year ? Aren't rewards ending?

Think I'm missing a key piece here 🤔

[plain olive]

Might be revdis you are missing

[gloomy gazelle]

Yes. You stake now for yield farming, DAO voting, and revdis.

Only yield farming is ending. V3 would include the other two. And the team has mentioned in the past the possibility of using staking to qualify for distributing NFTs even.

[plain olive]

That would be an interesting approach to make up for yield ending

[sacred sable]

Ahhh... Got it. Sounds good man. thanks

[waxen aspen]

what are the benefits of staking? future drop?

[gloomy gazelle]

Stake ILV to get more ILV from yield farming rewards.
You stake now for yield farming, DAO voting, and revdis.

[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]

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

?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

[silver kraken]

Hello, what is the minimum ILV for staking, and how much would the gas fee will be? I'm planning to stake my Arena Rewards moving forward 🙂 thanks

[craggy field]

There is no minimum to stake ILV but your gas fees could look like 85$ i think. So it probably makes sense to wait until you have a 5-10 ILV before staking.

This will be fixed with Staking V3, on IMX. But there has been no update on when and how that will happen.

[silver kraken]

Noted on this, thank you!

[cinder escarp]

V3 will be on l2?

[brisk surge]

Yes they could

[static crown]

what do you mean

[brisk surge]

can be blacklisted to prevent v1 yield. however that would all already be claimed now

[static crown]

if funds were moved. would that mean they're in v2 now?

[brisk surge]

nah the Devs only implemented it to migrate from v1. Very limited use of it... they should have

see here

[static crown]

@gloomy gazelleis this an option? though i lost my funds, at least we can prevent hacker from earning more? still gets around 0.3ILV/day

[brisk surge]

Like here, they didnt implement the blacklist function... missed opportunity

they should have locked all blacklisted addresses out for anything.

[gloomy gazelle]

I’m not on the solidity dev team. I’m not on the team at all. You should talk to the team. As I said before I don’t believe there are ways to do the things you are hoping. #❓❓〕support

[pallid void]

If i already staked my SLP 1 year ago do i need to do something for v2?

[craggy field]

nope nothing! you can keep it on there and it will continue doing what it has been doing even when it unlocks. The moment you withdraw it, it will stop what it's doing! so don't touch it if you want to continue getting rewards!

[gloomy gazelle]

If you staked 1 year ago then you made that deposit into the v2 contracts. You are fine.

V2 staking launched March 30, 2022

[pallid void]

Thank guys

Ilv to 2000$ 🌪️🚀😎

[craggy field]

LOL wen!? 😄
Let's do it tho!

[pallid void]

1/1/25

[craggy field]

i'll mark my calender!

[gloomy gazelle]

https://tenor.com/view/birds-bird-birds-of-a-feather-flock-together-birds-of-a-feather-flock-together-gif-26763805

[pallid void]

Join our project 🦜🦜🦜

[gloomy gazelle]

lol I’ll look it up. You should not shill here though.

[thorny basin]

Is there accurate information on how many tokens have been unlocked?

[gloomy gazelle]

Please don’t spam post in a bunch of channels

[gloomy gazelle]

This pinned message is a good spot to check. #🥩〕staking message

[thorny basin]

Which institution is your market maker?

[gloomy gazelle]

I don’t know what you mean. But the yield farming rewards are provided for the sushiswap liquidity pool. ILV/eth is the largest liquidity pool on sushi. It’s an AMM.

[hardy sundial]

wish this wasn't the case. I ended up selling off assets in a manic rush one night. If the contract had cheaper gas I may still have my cherished ILV

always time to rebuild.

It's a fight for ETH

[thorny basin]

What are the components of the national treasury? Have our treasury funds been depleted?

[gloomy gazelle]

Are you a bot? Please respond.

Here’s the treasury wallet. Plenty of millions in it. #🥩〕staking message

[rapid sentinel]

Hello! About the rewards, when I claim them as ILV it’s automatically restaked for 1y, is it correct?

Also, do I have to pay gas fees to claim them?

[gloomy gazelle]

Yes. They are locked for a year and earning until you withdraw them.

Yes there will be gas fees for any transaction

?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.

[thorny basin]

no not a bot

[cinder escarp]

That's exactly what a bot would say

[gloomy gazelle]

What nation’s treasury are you concerned about? Or was that a translation problem?

[thorny basin]

0x58C37A622cdf8aCe54d8b25c58223f61d0d738aA ， At this address, the treasury should have 150M, INGAME 100M, Have they been used?

[gloomy gazelle]

It looks like you are kind of referring to the USD value of the ILV tokens. For consistency sake, it usually makes more sense to track the ILV that the DAO treasury holds by token count instead of token value.

There are 1.063m ILV tokens in that wallet.

That’s consistent with the DECEMBER burn report pinned in #💰〕token message

But to answer the question… no. Only a relatively small portion of the in-game yield tokens have been used. The larger portion of the ILV tokens held by the DAO are not in the treasury wallet address but are in this vesting contract as indicated in the published and pinned burn reports. https://etherscan.io/address/0x6bd2814426f9a6abaa427d2ad3fc898d2a57adc6
There are other ILV tokens in the VESTING CONTRACT as well.

The ILV tokens are not used as cash by the treasury.

[plush marsh]

do I need to remove my unlocked vested coins? I'm trying to avoid gas and want to keep them staked.

[gloomy gazelle]

Keep them staked and they keep earning until you withdraw them.

[plush marsh]

do I need to re-stake them?

[gloomy gazelle]

No. They remain staked and earning until you withdraw them.

[half saffron]

Hello. I am staking on one of my wallets. Now I have doubts about the security of this wallet. I would like to transfer staking to another wallet. Is this possible?

[half saffron]

And one more important question. An Eth wallet is linked to my gaming account, which is used for staking.
If I link this Eth wallet to a NEW GAME account, will nothing happen to staking? Will it continue normally? Won't it be interrupted? Won't it break? That is: I will link the Eth wallet with staking to a new game account with a new login, password, and email.

[gloomy gazelle]

Staking and game wallets are separate. You can change one without impacting the other.

[gloomy gazelle]

There’s a button on the staking dashboard that says something like change wallet. It should work for wallets that staked only after March 30, 2022. And only some of the wallets that staked before that date. Contact #❓❓〕support on the site shared in that channel if you want more info.

[half saffron]

If I change my wallet, will staking become tied to the new wallet? Will the illuvitars and lands remain at the old address? Will they need to be moved manually afterwards? Or will they also be transferred along with staking?

[gloomy gazelle]

The idea is that your tokens in staking will then be linked to the new wallet address. Your current address will no longer have control.

Staking and NFTs are separate and neither impacts the other.

Any NFTs would have to be moved separately. Because staking and NFTs are completely separate.

[half saffron]

Will unclaimed rewards be lost during transfer?

[gloomy gazelle]

I think you may need to claim them first. You won’t lose anything. The UI on the site is pretty straightforward

[half saffron]

It's about paying for gas. If unclaimed rewards will definitely be burned during transfer, then it’s better for me to take at least something by paying for gas. If they don’t burn, then it’s better not to pick them up for now.

[gloomy gazelle]

They will not be burned. You will not lose anything.

[gloomy gazelle]

Have you gone to the staking site and pressed the button to see what it says?

Please only come back after checking.

There’s plenty of info on the staking page.

[half saffron]

I don't have level 5 in the discord channel, so I can't attach a screenshot. Can I write to you in private messages and attach a screenshot there?

[tame jackal]

Do different weights still apply depending on how long you stake for?

[gloomy gazelle]

Yes

[tame jackal]

Is there an FAQ on that? Or somewhere I can read about it?

[sly linden]

guys is it true that the staking land feature will soon come?

[lusty pecan]

Staking land feature?? There is no such thing

[quaint willow]

OHHHHH Big move this morning!

Do we have a new whale on the scene?

[frozen briar]

I've had SLP staked for about two years and I'm moving some stuff around. Is this normal? Says "Price difference of -39.76%" when I swap my SLP back into just ILV - also curious what the reason behind this is if anyone knows

[candid kettle]

You don’t swap an LP token; you must undo the LP, or this type of spread occurs. #🥩〕staking message

[sly linden]

i reaad in a blog it was a proposal approved by the council

[lusty pecan]

Where did you read this blog?

[cinder escarp]

Haven't heard anything about it

[hoary oar]

Is there a way i can see how much and when i claimed silv2?

[ancient moss]

My ILV/ETH staking period is finished today. But do I need to withdraw it to stake it again? It seems that I have to withdraw it to my wallet and then send it back again to be able to stake it again. Is there no other way?

[brisk surge]

No need.

[gloomy gazelle]

Your LOCKUP period has ended. But it remains staked and earning as it was until you WITHDRAW. So don’t withdraw if you want it to keep earning. Just leave it.

[gloomy gazelle]

Not I’ve heard. This recent governance article did not mention it. https://illuvium.io/news/illuvium-dao-governance-newsletter-february-2024

[gloomy gazelle]

https://illuvium.io/news/42-all-you-need-to-know-about-staking-v2
This is a good start. There’s other things pinned in here too

[lime moth]

What is the price of SLP currently? or where can I see it?

[gloomy gazelle]

SLP is a combination of the underlying eth ILV tokens. You can see the SLP token value on etherscan, and other tools like Zerion and zapper.fi

?token

[worthy lark]

Token Address

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

[gloomy gazelle]

This pinned post walks through how to get your eth and ILV back. #🥩〕staking message

it is not wise to simply SWAP SLP tokens for something else.

[brisk surge]

Can check your address in debank

[brisk holly]

anyone link me to how i can turn my SLV back into ilv and eth?

nevermind. found it in the pins

[marble thorn]

where should I stake here if my ILV is in my metamask l1?

[gloomy gazelle]

ILV pool is just for ILV tokens.

ILV/ETH pool is just for sushi liquidity provider (SLP)tokens . You could get those SLP tokens by providing liquidity on the eth/ILV pool on sushi.

You get to decide what you want to do. APR is flexible for both pools and both stop having an APR return on June 30, 2024. But both pools will continue to get revenue distributions based on how any ILV or staked.

The following video and article are pinned in this channel.

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

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

[hidden current]

So all my SLP is unlocked if I want to take it out. Do you think it’s worth taking out and swapping all to ilv or just hold it til the end of the rewards and then do it? Just happy for opinions not financial advice and all that 🙂

[gloomy gazelle]

I’m too lazy to calculate what the apr would need to be for it to be worth staying SLP compared to going ILV or eth only in light of various potential price trajectories. So I just keep my SLP staked.

Others have pulled their SLP out and gone all eth with it. Others have gone all ILV with it.

[hidden current]

Fair enough, very unhelpful though lol 😂

[gloomy gazelle]

APR is less than 50% and we have less than 4 months to go. So it’s actually gonna be less than 25% return. Do you think ILV will perform better than that in that next 4 months?

Or will eth perform more than 25% better than ILV in the next 4 months?

[hidden current]

Would the apr go up on slp as more people remove? Or is that not a thing

[gloomy gazelle]

Correct. That is an additional factor that could muddy the waters. But that’s also why I kept the apr that high.

Actual rewards reduces by 3% every two weeks. And the apr is not accounting for that.

[hidden current]

Just hoping loads of people remove and the last few weeks of rewards are really profitable

[gloomy gazelle]

Right?

[hidden current]

Ok il just leave as it is and see what happens. Fingers crossed!

[gloomy gazelle]

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

[marble thorn]

thanks!

[granite spindle]

Bro.
This just an appreciation post for you, thanks for everything you do, I been in here a long ass time, and you are consistently the guy helping answer questions and problems, shout out to you sir 🫡

[tame jackal]

Where is the announcement or article on the APR stopping on June 30?

[gloomy gazelle]

It’s been built into the staking contracts from the very beginning. It’s at least loosely described right on the staking page. Each epoch is 2 weeks long and there’s like 8 epochs remaining in the yield farming.

Yield farming APR lasts for 3 years. https://illuvium.io/news/28-everything-you-need-to-know-about-staking-usdilv

And the staking apr began on June 30, 2021. Three years after that is June 30, 2024. It’s close to done.

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

this original article on tokenomics covers this as well.

[drifting maple]

Once the distribution is finished will there be rewards based on fees for the ilv/eth pool like you normally get with sushiswap.

[gloomy gazelle]

SLP stakers are already getting most of the sushiswap fees. But not the portion that gets turned into SUSHI and distributed to stakers on sushi’s masterchef protocol.

Most of the fees get rolled into the underlying SLP token value.

Thats how v2 pools on sushi work. And that will not change as long as the lp is in that sushi pool.

[pale terrace]

@gloomy gazelle I just want to confirm if you know, a while back I join the slp pool via sushi swap and stake the token for ilv rewards, will my slp token also be generating pool rewards via the sushi swap pool? Or is that forgone because I stake the token on the ilv website?

Sorry just noticed you answered that above, I do have another question though

My slp token has been staked for over 12 months but still staked, am I getting the same amount of rewards from my slp token now that it’s passed the 12months?

[gloomy gazelle]

The amount of rewards is always variable. But the weight remains the same even after the token lockup period ends.

So there's no difference in the rewards you are getting now that it's unlocked compared to when it was still locked. Except that there's always a difference in the amount of rewards everyone is getting from one moment to the next moment.

Hopefully that makes sense. It reads like gibberish.

[wintry sigil]

made sense to me

[pale terrace]

Makes sense to me as well, thanks very much

[twilit sinew]

Is there a reason why SLP price isnt tracked on zerion anymore? i would link it but the discord mods dont allow links to be shared...is something going on with the sushi lp pool?

[versed coral]

Once staking rewards end, you can stake IlV without lockup for revDis? Or is it still the same way to have more weight on them if locked for 12 months ?

[brisk surge]

Same method for higher weights

They might change it in v3 staking but unlikely as it takes tokens off the market for a longer time

[gloomy gazelle]

It’s something with Zerion. They stopped collecting the data or something.

[twilit sinew]

is there somewhere else i can see slp price? or calculate by hand?

[gloomy gazelle]

Debank and etherscan. Wait. Etherscan does not give the token value for SLP.

[bleak lion]

Sorry to interrupt, is it ok to ask a question re staking here? Bit of a noob soz

[gloomy gazelle]

Yes.

That’s the purpose of the staking channel

[bleak lion]

Im struggling to see my staked ILV. On my dashboard the only thing that has any number on it is Total sILV2 Claimed

[gloomy gazelle]

What’s on the VESTING tab?

[twilit sinew]

where on debank?

[bleak lion]

no Vests

[gloomy gazelle]

Unsure. I don’t use it. Also I just noticed where etherscan does in fact show the value for SLP. It’s on the webpage title

[gloomy gazelle]

Then it’s not there. Your wallet will have some transaction history on etherscan that may be able to tell you what happened.

[bleak lion]

On the history I can see when the contract started and then three times I received money back but nothign else after that

[gloomy gazelle]

I’m not sure what you mean by “received money back” but that could mean that you withdrew your deposits and your rewards. And with nothing staked then you have nothing there to be earning anymore.

[twilit sinew]

idk if this is right

[gloomy gazelle]

🤷

Gotta be close. $40m/52k

Rough estimate of total SLP value and total SLP token count.

[gloomy gazelle]

I’ve got a few minutes before I’m gonna sleep but if you aren’t worried about it I could take a look at your wallet’s staking history if you share the address. Otherwise contact support for privacy and security and help

[bleak lion]

I didnt can I post a screenshot of my metamask history to show you?

Where dodo I contact support sorry?

[gloomy gazelle]

I don’t think you can in here. Maybe in #❓❗〕community-help

[gloomy gazelle]

Not on discord. Contact #❓❓〕support through the website shared in the #❓❓〕support channel. Or look for HELP(?) in the top menu of the illuvium website.

[bleak lion]

ty

[gloomy gazelle]

Metamask history is bound to the device. Etherscan is the actual blockchain data. Good luck G. Do not trust any one in DMs.

[worthy lark]

DMs are scams

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

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

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

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

[slender hound]

Hi Team, Question:
I claimed the ILV rewards and I have some that have finished the 365 days wait time (but not yet withdrawed) and some still on countdown. Are they considered in the RevDis calculation or do I need to take them out and stake them?

[gloomy gazelle]

Your vesting tokens are staked and eligible for revdis. No you do not need to withdraw and stake them again. They keep earning until withdrawn. Even after they unlock, they keep earning until withdrawn.

[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.

[slender hound]

appreciate it, Pelican. thanks

[craggy slate]

once the ILV rewards are done ... whats in it for the SLP stakers? nothing? you still need the pool for people to swap, right?

[gloomy gazelle]

SLP stakers will get the Same things that ILV stakers get. Revenue distribution based on how many ILV they have staked (note that eth/ilv SLP always has 50% of its value as ILV)

[craggy slate]

why would one keep SLP, if their ETH is not earning any reward? is the % distribution more than pure ILV stakers?

[gloomy gazelle]

Potential reasons include:
-Wanting eth instead of ILV
-Hoping for high volume leading to high fee accumulation in the SLP tokens
-too indecisive to make a decision whether to go just ILV or just eth with the SLP

-hoping without reason for further SLP incentives

[wintry sigil]

do you have the link to this so I can check it

[gloomy gazelle]

https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda

[wintry sigil]

thanks!!

[gloomy gazelle]

Hmm I did just notice a weird thing. There’s more value in the eth/ILV lp address than the slp token marketcap. $86.6m half weth half ILV. I’m pretty sure that The total slp tokens should actually add up to that value.

[cyan rampart]

It's tracking the price wrong

[gloomy gazelle]

Is debank the only place getting it right?

[cyan rampart]

$768.74 on Etherscan when it's showing ~$1660 on Zerion

Zapper seems to have it right as well

[gloomy gazelle]

I keep forgetting zapper still has the SLP value shown.

[gloomy gazelle]

It was wrong. I was wrong. I am sorry.

https://tenor.com/view/michael-caine-i-failed-you-failed-batman-sorry-gif-12862016

[twilit sinew]

if i unstake my principal position, will the rewards remain staked?

[sage cobalt]

hi guys.. is there a way to unstake multiple ilvs all together in 1 transaction, i have multiple ilvs stake in different moments in the last 2.5 years that complete their vesting period but since i include them in separate chunks the fees are killing me

do you think Dencun could help?

[hidden current]

Pretty sure you can just highlight all the ones that have completed the vesting period and withdraw them together

[dreamy prairie]

If I have staked in the ETH/ILV pool, let's say a year ago (for argument sake, the token were in total 0.5 ETH-10 ILV)

After a year with price changed I have now (0.2 ETH-20 ILV) since I receive rewards only on the ILV part (50% of the total) will I receive rewards on 20 ILV staked or on the original SLP Token (10 ILV)?

I was just doing some calculations on the actual value of the SLP and I forgot to add this variant (rewards) and that is how this question came out.

*Ratio of token is not reflective of current pricing!

[distant wharf]

The staking rewards is on the total SLP value in pool (IVL/ETH). The Revenue distribution is on the ILV portion only, at the time of the revenue snapshot

[pale terrace]

Staking site is showing Apr & APY as 0%. Is this a known issue?

[dreamy prairie]

Hi @distant wharf thanks for the reply.

So to confirm one year ago snapshot I would have gotten Revenue distribution on 10 ILV
And if the snapshot would have happened now I would get revenue distribution on 20 ILV.

Are you sure that the rewards are on the total value of the SLP?
I was of the idea that the rewards was as well on the ILV part.

Only on Sushi Swap I would get a tiny % of transaction fees in relation to the total of the SLP Token.

[distant wharf]

If u think of it like this, the normal ILV pool has a specific amount of tokens it gets per day, and the ILV/ETH SLP Pool also has a different amount , that is given to all stakers, based on their % of the staking total. Therefore the SLP staking rewards are based on the total $ value u have (ILV+ETH at each block I guess) vs everyone else. That will end in 3.5 months or so btw (but due to 12 months vesting, u kind of keep getting it drip fed for up to a year later). Anyway, as for the revenue distro, yeah I am confident it is based on your ILV holdings, which is 50% of the SLP in $ value, and the rev dis is given to all the ILV staked in the 2 seperate pools (single / slp)

And the 'fee' for Sushiswap, that kind of just passively accrues to the SLP token itself

[sonic wolf]

wtf claim is 165$

[gloomy gazelle]

https://tenor.com/view/eth-gas-gas-ethereum-eth-nft-gif-24043438

||I am in no way affiliated with the makers of this gif. I had never heard of them until seeing this gif||

[gloomy gazelle]

Transactions to withdraw are started in the VESTING tab. You’ll only withdraw the token batches you select. The other batches will remain staked.

[gloomy gazelle]

what is dencun? Sounds like a scammer trying to scam

[gloomy gazelle]

Brian is correct. You can select multiple batches in the VESTING tab to withdraw at once. Though they have to be the same type of batch. Basically just check all the boxes that the site lets you click.

[gloomy gazelle]

It’s UI error. Clear browser cache to fix it.

[gloomy gazelle]

You seem to be referring to REVENUE DISTRIBUTIONS. What will actually occur Is that when revenue distributions are processed the amount of revdis that you get will be based on the amount of ILV that you have staked (as the ILV part of eth/ilv) at that exact moment. Revenue distributions will likely be processed through the revdis contract many times during that one year period.

The amount of revenue distribution rewards that you have available to claim will increase over time. This is because those revenue distribution rewards will be accruing a little bit at a time as more and more revenue is processed through the revdis contract

[remote sandal]

Dencun is an Ethereum Upgrade happening tomorrow which IS set to help reduce fees, however they will mostly apply to layer 2's, so shouldn't change mainnet too much but may have a marginal impact

[gloomy gazelle]

Thanks for sharing. From what I just read there are expected to be a reduction in average daily gas usage on mainnet by about 5% not more than about 10%. So not huge for mainnet.

[plain olive]

Why not 50%?

[gloomy gazelle]

Good question. I don’t know. In fact it makes me question the percentage I just shared. So… I’ll revise it.

Not sure why I assumed the significant drop would be by 1/2

[plain olive]

Sounds Like insignificant Progress on gas fees 😐

[gloomy gazelle]

L1 has no hope. When v3 staking?!?

[plain olive]

They should rather improve the other 90% 😆

[sage cobalt]

Thank you both @gloomy gazelle @hidden current i will do it like that once Dencun ( latest upgrade for Eth network that will reduce the fees in layer 1 and layer 2 by 90%) 👍