🥩〕staking

[gloomy gazelle]

If L1 fees get reduced by that much I’ll be very happy. But from what I read it’s not gonna be quite so awesome as that.

[sage cobalt]

yea but sadly those fees reductions are for L2

L1 should be a bit down but no where close to even 10% for it..

[twilit sinew]

is there anywhere with the historic slp prices? trying to find a chart of it, used to be on zerion i think

[gloomy gazelle]

I agree. I think it used to. But not anymore. I am not sure where to find one. Sorry.

[twilit sinew]

ok if anyone finds one lmk

slash does anyone know what peak slp price was? roughly

[stone vale]

trying to cliam my ILV rewards but keeps failing. Is it only because fees are so high?

and why is it creating 23 transactions? Each with a fee of the same.

[gloomy gazelle]

That should not be the issue unless you used a very low gwei for your transaction.

[gloomy gazelle]

Sounds like a problem that you’d want to fix so you don’t pay tons of gas on failed transactions.

[gloomy gazelle]

Is anything showing up on etherscan or is the problem with your wallet extension?

[gloomy gazelle]

There’s no way to know for sure without more information.

[stone vale]

All it says is "something went wrong when approving the transaction"

Estimated fee is 0.017 and i only have 0.109 in my account thats why i thought it might be that

[gloomy gazelle]

Is it possible that you clicked on a link to a website in an email?

[stone vale]

no its the illuvium website

my wallet works fine aside from this just not able to unstake from illuvium ilv/eth

[gloomy gazelle]

So you aren’t claiming rewards but are trying to withdraw your slp deposit?

[stone vale]

or i should say collect my ILV reward to be more precise

[gloomy gazelle]

Give me ten minutes and I’ll be back online to try and help you in #❓❗〕community-help if you want to share some screenshots or your wallet address.

Unless you want some privacy and then you’d need to contact support on the website. And not use discord for this.

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

[stone vale]

thanks i've contacted the support to say what they say.

[queen grove]

Saw a staking V3 on the roadmap. Anybody have a video detailing that? Main question is how much will it cost to transfer my 20 collections over to a layer 2?

[queen grove]

I got in at 4.4k and it's given me ulcers for 3 years. Think it managed 6k. I have a link in my bookmarks. Gimme a second to go find it.

[twilit sinew]

and did we figure out current price? was it 800 or 1600?

[queen grove]

Yeah, that's still on Zerion. $1650 it looks like. They've taken down the historical chart, but it was pretty close to where I bought in. I think it was 5k maybe 6k. Not higher

[gloomy gazelle]

V3 is so far out that there’s zero info about it beyond that it’ll be on a L2 network. Probably near zero work has been done on it.

[queen grove]

Thought the roadmap said it was Q3 this year

[gloomy gazelle]

Yes.

Sometime in the three months after the yield farming ends on June 30

[queen grove]

The boys have a quick turnaround if that's far out and they haven't started yet. Good for them.
Heard we got some more investors today?

[queen grove]

I've failed you, friend. I can't find it anywhere

[gloomy gazelle]

It seems like the Last few weeks there were. Just hearing about it from Kieran today though. In #💰〕token

[gloomy gazelle]

I could be wrong. Maybe they’ve done work on it.

[queen grove]

Do we know how much longer the runway is or is that in the upcoming economics meeting? K, I'll go to token

[green pulsar]

@gloomy gazelle I was told that if my ILv is staked, even though I can withdraw, as long as I don’t withdraw it, it still gains interest.

[gloomy gazelle]

$21m

[queen grove]

And weren't we supposed to get a small percentage from SUSHI too. It's been so long I can't remember the details. I'm holding this coin out of sheer stubborn oneryness. And because I like you guys

[gloomy gazelle]

No. We stakers on illuvium don’t get $sushi tokens.

[gloomy gazelle]

That’s correct.

[green pulsar]

How can I see the results ?

[gloomy gazelle]

The staking webpage. The dashboard shows info. The pending rewards show your accumulated but unclaimed rewards.
The current APR is displayed in the STAKE page for what 2x weight would be earning at

[green pulsar]

Pending rewards is how much I’m earning ?

[gloomy gazelle]

Shows how much you’ve earned so far but have not claimed.

[worthy lark]

Claiming Rewards

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

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

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

[green pulsar]

Thank you, can I ask also Silv2 balance shows an amount how can I claim that ?

[gloomy gazelle]

You can’t. It’s telling you what is in your wallet. I think.

[green pulsar]

Meaning the amount it shows worth in dashboard doesn’t match my MetaMask amount

[gloomy gazelle]

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

[gloomy gazelle]

Are you reading the sILV2 balance or the sILV2 claimed?

[green pulsar]

Balance on the top of dashboard next to current ILV price

Examples shows $3492.87 in dashboard and on MMask shows $1824.74

[gloomy gazelle]

That’s probably because metamask values sILV2 as what it trades at on uniswap. While illuvium values sILV2 as whatever ILV is valued.

[worthy lark]

sILV2 Token

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

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

[green pulsar]

Oh that sounds confusing , how can I get maximum value what it says on dashboard.

[gloomy gazelle]

Wait… that’s not gonna display a dollar amount on the dashboard though right? The dashboard displays the amount of sILV2 tokens right?

[gloomy gazelle]

Use sILV2 to buy stuff from illuvium. Like a gift card.

[green pulsar]

Shows 24.45 tokens and $3492.87 next to it

[gloomy gazelle]

Ok

I don’t have an active wallet in mobile to look at a live dashboard.

[green pulsar]

This is Desktop

[gloomy gazelle]

It’s similar but not the same. Which is why I was wondering.

[green pulsar]

Look

[gloomy gazelle]

Yep. Same value as ILV.

But that’s only its value when used as an illuvium gift card.

[green pulsar]

$1827.03 on MMask dramaticly lower

[gloomy gazelle]

Correct. Because there’s not currently a way to use sILV2

[green pulsar]

Oh so what can I use gift card on ?

[gloomy gazelle]

So the price on uniswap is not keeping close to ILV

#🎮〕illuvium-beyond wave 3. #🎮〕illuvium-overworld runs and other in game actions after the games launch.

People used sILV2 in the land sale a couple years ago.

[green pulsar]

Yes I own mega city’s and why I have a balance

[green pulsar]

Ok got it , appreciate it thanks for your help

Any update on land, when it will go live or I have to go into that chat ?

[timid plaza]

🐳

[gloomy gazelle]

No date. It’ll be live with the other games are live.

[green pulsar]

Thanks for your help

[timid plaza]

You're welcome

[green pulsar]

Thanks bud trying my best

[timid plaza]

I feel like a brokie next to you

[twilit sinew]

so if i unstake my slp position, the rewards remain staked at the same weight?

[gloomy gazelle]

Yes. Stakes ILV (including vesting/vested rewards) and SLP are in separate contracts and don’t really impact each other.

[high valve]

hi guys how can i take them all in one transaction, some dont have the check box, sorry for my english so i did a screen shot cause i dont knw how to say it

[versed coral]

I think only same pool can be selected at once. So it should state 'ILV' or ILV/ETH'

Or do you have some where it has 'V1' in the front?

[high valve]

yes im in the project since 2021 so i got V1 slp thing but that im happy to leave on, but i think its a bit bugged as now i dont have any check box any more

[versed coral]

V1 cant be selected together with non-V1

[versed coral]

Deselect all again and try. Otherwise try to reconnect wallet

[high valve]

oh ok ill try again, just trying to avoid as much gas fee as possible, (sorry for my english) im french its not easy ^^

[versed coral]

Je pourrais assister en peu avec francais aussi, mais cela n'est pas tres simple pour moi 😄

[high valve]

oh merci, dont worry i manage with google trad and my basic english, thanks for it

[lusty loom]

Wen gwei under 20 so I can claim my rewards?

[gloomy gazelle]

I believe that these batches from prior to v2 staking cannot be withdrawn at the same time as the batches from after v2 staking. They can be grouped separately though. I recommend waiting until the weekend to save on gas fees.

[high valve]

thanks a lot, i will indeed wait, a little to save , i reallyu appreciate you pelican you allways answer me, and help, thx from paris

[storm wolf]

when you claim your ilv from the ilv/eth pool does it even make sense to restake it in the ilv pool right now since there is no rev dis? what are you guys doing?

also if you remove your ilv/eth from the pool then you get your ilv and eth back but you will get more ilv compared to before what you put in since the ilv price was much more higher before?

[silver mesa]

How can I see the rate at which I am rewarded for the ILV/ETH pool? I can see ILV earned daily but it does not show what % is being earned.

Is there a calc anywhere for how much ILV is earned daily for X SLP? This would at least allow me to know at what rate I am rewarded.

After the one year is up do you continue at the 12 month rate if you leave it? Or since you can pull it out at anytime does it go to a lower return rate?

[timid plaza]

Refresh la page si sa fonctionne toujours pas faut les retirer 1 par 1 les autres. C'est chiant pour les frais de gas 🥲

[quasi oyster]

Same return rate except there is only 2-3 months left for staking . After that your weight apply to the Rev Dis if Im correct

[twilit sinew]

do you remember what the lowest price was on slp during the bear market?

i really wish this zerion chart still existed lmao

[gloomy gazelle]

If you are planning on holding ILV then it seems to make sense to stake it. Especially if gas fees aren’t really a concern. If gas fees are a significant concern then maybe consider waiting to stake until v3 staking on an L2 network. But that’ll be sometime after the game launch. So there would be some revdis missed.

[gloomy gazelle]

Something like that. Yeah. The amount of eth and ILV in each SLP token is variable and reasonably complex but lower ILV price does indicate more ILV in each SLP.

[gloomy gazelle]

The staking tab of the staking webpage. Pretend like you are making a deposit with the same weight that the SLP you’ve already deposited has. It will display the apr you are getting. It sounds like you have slp at 2x weight (12-month lockup). This image shows the apr you are earning today.

[queen grove]

There was a time where I was considering Minecrafting myself because it was $800.

Just kidding. I think I saw an 800 but don't quote me on that. I tend to repress bear markets

[storm wolf]

Thanks I did not know of a v3. Will v3 have lp pools also?

[gloomy gazelle]

Probably. I guess so. I don’t see why not. V3 will just be for revenue distribution. Yield farming will be over at that point.

[prisma kraken]

hey

[storm wolf]

Gotcha so only staking ilv in v3

[atomic locust]

does anyone know if it matters if you unstake before an epoch?

[gloomy gazelle]

No. That does not seem likely. Staking will be the same as now. Just on an L2 network. And there won’t be APR rewards. The 3,000,000 ILV allocated to yield farming will have been distributed.

The arrow is not even close the current spot. We are way closer to done.

[gloomy gazelle]

No. You simply stop earning from the moment you withdraw. Rewards are actually accumulating every 15 seconds or say (block by block). But not once you withdraw.

[storm wolf]

So there will be no point in staking since the rev dis never will happen

[gloomy gazelle]

I’m not exactly sure if you are seriously not expecting revenue distribution or if there’s some breakdown in the effectiveness of your and my communication

[potent sable]

Why wouldn't revdis happen?

[timid plaza]

You should change your name for CryptoBear

[grizzled kindle]

yo is my computer just glitching but it shows APY as 0%??...

[gloomy gazelle]

Clear your browser cache to fix that ui error for apy

[merry ridge]

When will the emission end?

[plain olive]

Last Day of June 2024 afaik

[noble osprey]

Rule number 1: never take so serious words from nickname with „crypto” xd

[past spoke]

Hi. Im wondering if anyone else is missing accumulated ILV rewards and Vesting unlocks post Update? right now im missing roughly 19 ILV on the staking dashboard

Update, I see that 11.62 of my ILV has been automatically added to the vesting pool but im still missing 7 ILV that was unlocked from vesting if anyone can help

[umbral lava]

Hi, when I go to Rewards page and when I try to claim ILV rewards the traansaction keeps failing, anyone else experiencing this?

[sterile grove]

any news for staking v3? costing about 0.013 eth to claim ILV now. almost 50usd

[strange violet]

Is there any easy way to see how much ILV you had staked at a certain date?

[sterile grove]

check out the vesting tab?

[strange violet]

That doesn't show already withdrawn tokens unfortunately

[gloomy gazelle]

Not easy. But etherscan history could help. It would be difficult to get a count of your rewards tokens though.

[gloomy gazelle]

No. But It won't be launched before June 30, 2024

[gloomy gazelle]

You should contact support and not trust anyone sending you DMs on discord. Support does not work through discord.

Contact #❓❓〕support through the website shared in the #❓❓〕support channel. Or look for HELP(?) in the top menu of the illuvium website.

[gloomy gazelle]

You should contact support and not trust anyone sending you DMs on discord. Support does not work through discord.

Contact #❓❓〕support through the website shared in the #❓❓〕support channel. Or look for HELP(?) in the top menu of the illuvium website.

[umbral lava]

Will do, thanks!

[dense geode]

Does someone have a link to the slp unstake video? cant seem to find it

[stoic ridge]

question.. i have a SLP that just became unlocked.. i locked it for several months for the multiple.. if i dont withdraw it: 1) do i keep earning on the LP? 2) do i keep earning with same multiple that i locked it at?

[dense geode]

Yes even after lock ends it will keep doing what it did before, untill u withdraw or rewards for slp pool end

[hazy token]

#🥩〕staking message

Not a video but good instructions. Remember to withdraw from illuvium site first. Scratched my head for a bit not remembering to do that

And sushi site might ask you to do a token approval tx before removing slp

[dense geode]

Ye thanks, done it

[loud flume]

Been staking my SLP since mid 2021.
I thought it was also getting rewards in the Sushi ILV/ETH pool. But i have no position on Sushi so am i mistaken ? Because I withdrew my SLP tokens to my wallet?
So when it comes time to withdraw from Illuvium staking ..it goes to my wallet as SLP and I have to go back to Sushi to get my individual ILV and ETH?

[dense geode]

Yes, once u unstake the slp, it will go to your wallet as slp first, then u go to sushi to swap is back to the underlaying assets out of the pool

[loud flume]

no worries. so i don’t get any pool fees from sushi

[dense geode]

Not that i know off, ive seen question about it before and i think the answer is no.

[loud flume]

all good. I had it in my head from way back. but i must be mistaken.

[dense geode]

@spice schooner did something with it to test it, iirc

[spice schooner]

Hey mate, I also had the same question, I raised ticket with Sushi support and they explained the fees are auto added back to the pair, you don't see a separate breakdown un the UI with that version of the pool.

I've been meaning to goto analytics to see the breakdown of fees earnt.

[loud flume]

Confused now .. so on Sushi it does not show I have any position (presumably because I withdrew my SLP and staked on Illuvium).
This is how it should be ?
So when I send SLP back to Sushi (to convert back to ILV and ETH) what happens regarding fees?

[gloomy gazelle]

SLP holders 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. Only a smaller percentage of the fees get turned into SUSHI tokens.

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

[gloomy gazelle]

Sushi analytics is lame now. I used to use their site for analytics when it was good. But now it’s not. apy.vision is the best place that I’ve been able to find now

[strange violet]

I ended up using Illuvium vesting tab, my current total staked plus went through all my transactions to figure it out. Pending rewards I haven't been able to figure out but luckily that didn't matter for my taxes.

For SLP I couldn't find a historical price chart, but through Etherscan I could find transactions from a certain date that showed the amount of ILV and ETH that was in there. That plus the historical price data of ILV and ETH did the trick. Note to self: next time I'm immediately making the snapshot on the day itself 😂

[gloomy gazelle]

You could use a service like koinly

It’s pretty nice. They’ve even recently added imx compatibility

[strange violet]

Nice thanks will check it out next time!

[stoic ridge]

when do rewards for slp pool end again?

[dense geode]

End of june

[loud flume]

So what is ..where do I find.. the price for SLP token ?

[sweet viper]

Anyone here having trouble withdrawing their vested IVL? I keep getting a notification that there is a gas issue. Is there a way around this?

[autumn verge]

Is there a timeline for V3?

[candid kettle]

No forecast at the moment.

[lusty hull]

Hey all, i'm trying to withdraw ILV from the V1 vesting pool. When I click withdraw it gives me an error "Cannot estimate gas" and then goes no further. Any idea what I do here?

[gloomy gazelle]

@sweet viper @lusty hull my guess is that you are experiencing similar errors. But I can’t be certain.

One possibility is that it’s a rounding error. Try editing the number of tokens by taking the last number off the long line of decimals. For example 1.3490851716199583 becomes 1.349085171619958

Otherwise contact support for more secure help.

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

[lusty hull]

Thanks for the help. The rounding didn't seem to work. I'll try contact support

[sweet viper]

Rounding it work! Thank you sir!

[brisk surge]

You using ledger? Try using another wallet to interact with the website

[lusty hull]

No just using MetaMask. Tried on both Chrome and Brave browsers but still have this strange issue

[dark depot]

curious if I have ILV rewards, should I stake them now isnce it is about to end? or should I wait? is there any benefits if I waited? do I still have to wait a year for it to vest?

I will have to stake it in the end anyways right to get the revdis if there are any right? if I stake it now I will get some rewards from staking right?

just it will stop in July 2024. will my staking after June not be vested for 1 year?

[wintry halo]

You must be staking to be eligible for revnue distribution, so I would say it is definitely worth while to stake; if you are interested in that. NFA

[dark depot]

I am planning on staking anyways not really taking anything out

I've been here since the beginning.. so.. I am looking to stake.. so I guess I should just restake now. What is a good amount before staking. What would you wait till before staking .

[wintry halo]

Personally I don't usually wait to stake, I just get it all in the pot and sit back and relax. Only thing I will wait for is cheaper gas fee's - but that is all personal preference
There is no benefit of waiting, if that's what you mean

[dark depot]

I would have 2.7 ILV from now to end of June. I assume that is when the rewards ends.

not much.. ah well I guess it is up to myself. Yeah Thanks Kieran

[cinder escarp]

What do you mean with restake? If they are already staked you can let them stay there and they will be eligible for rewards and revdis until you take them out

Even if the staking period is over

[stone crane]

Hmm

[gloomy gazelle]

That is the end of yield farming rewards.

[haughty forum]

I’m very new, but had a similar question…I’m looking at the staking screen and it looks like there are 80k ILV left in the staking rewards pool. Are we thinking yield will come from some type of revenue after the 78th Epoch?

[lusty pecan]

Yes revenue distribution

[gloomy gazelle]

⤵️⤵️⤵️

[worthy lark]

Illuvium Revenue Distribution

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

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

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

[shy storm]

Is staking weight taken into account for revenue distribution?

[gloomy gazelle]

Token weight is. Yes.

Pool weight is not.

[cinder escarp]

What is the difference in token weight and pool weight?

[gloomy gazelle]

Token weight is the weight of your deposit. Up to 2x weight.

Pool weight is in regards to how the yield farming tokens are distributed. For every 1 that goes to the ILV pool 4 go to the SLP pool. It’s how the APR is calculated. Nothing to do with revdis.

[candid plover]

Hi guys, over a year ago I stacked slp after creating the pool on sushi swap. a month ago I withdrew but over time I forgot that I had to go through sushiswap and I sent directly to my metamask, it cost me eth fees but nothing happened on my wallet. Is there a way to correct this error?

[gloomy gazelle]

I assume that you are trying to say that you withdrew your deposit but never removed your liquidity.

Here’s how to remove the liquidity so you have eth and ILV . #🥩〕staking message

[candid plover]

I clicked on claim rewards, but it didn't send me anything just cost me a fee. So the pool will still exist?

[grizzled kindle]

from my understanding when you claim the stuff out of the SLP pool the illuvium gets locked in the ILV pool for 12 months

[versed coral]

Was able to claim some juicy rewards now. Gotta use low gas

[storm wolf]

when the ilv/eth and ilv pools finish in June 2024 will the ILV staking still continue and we receive apr or will there be no more rewards?

[cinder escarp]

No yield rewards, only revdis

[gloomy gazelle]

Oh. You claimed rewards. You did not withdraw your deposit. That’s different. See below…

⤵️⤵️⤵️

[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]

Here’s a video that covers the basics. https://www.youtube.com/watch?v=_n-XDMkxYLM

[bright pewter]

Staking ILV - Why can't you guys make it so that I would not have to withdraw to MM but just stake it again. Gass fees are killing us small stakers out here. Make restaking free!

[versed coral]

Actually, when you claim rewards they are automatically staked/vested for 12 months. And for unlocked deposits, theres no need to get them out to MM and restake, you can just leave them in for rewards

[bright pewter]

Let me get this clear, I vested for 12 months, now they are unlocked, but I dont need to take them out and put them again in for vesting, the rewards will still be coming?

[versed coral]

Exactly. You can just leave them there as unlocked and enjoy rewards 🫶

[bright pewter]

OMG, I have lost so much on gas fees previous times 😦

[versed coral]

The only reason you’d want to take out and restake is if you want to change your weight of deposit. Say you staked for 1 month earlier and want to have it with more weight

[versed coral]

At least no more waste now

[bright pewter]

Thank you very much!

[versed coral]

You’re welcome

[bright pewter]

I dont read up on anything regarding ILV, I just stake it and forget it, if it would be written in bold that I dont need to take them out it would have saved me a lot. Learned alot today. 😄

[versed coral]

I think with revDis rewards they aren’t automatically staked and vested. With them you can decide whether you want to claim and stake afterwards

[candid kettle]

Revdis does not remain locked; only the rewards remain locked mandatory after the claim is made in ILV.

[versed coral]

Next time you can also just ask those things here, I am sure there are many who will help you

[versed coral]

I can’t remember how it was when I claimed the revDis from landsale. The IlV went straight to MM if I recall correctly

[candid kettle]

After claiming Revdis, the ILV goes straight to the wallet without a locking period.

[gloomy gazelle]

Gwei at 30 today means I’ll be claiming this weekend. Sub 20 I hope.

[versed coral]

I claimed yesterday at 25. Was good

[cinder escarp]

Will we get staking v3 on layer 2 before yield farming ends? Or any news on staking v3 in general?

[versed coral]

Next year

[cinder escarp]

Oh I thought it would be in open beta

[regal marten]

Development on it will start somewhere this year, with a release aimed at next year is what I heard.

[gloomy gazelle]

Definitely NOT before yield farming ends.

[spice schooner]

Lots of people made this mistake hehe, including me at first.

[outer solar]

@gloomy gazelle

[gloomy gazelle]

How can I help?

[outer solar]

Help with this

[gloomy gazelle]

Read the message below the question.

Staking continues. Yield farming ends.

?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

[outer solar]

Okay thanks

[storm wolf]

Ok what happens if you stake but there is no rev dis.

[gloomy gazelle]

Then your ILV is eligible for voting in DAO elections.

Unstaked ILV is not eligible for voting

[storm wolf]

Ok so then the rewards will end.in june

[gloomy gazelle]

Exactly. Because those are YIELD FARMING REWARDS. And yield farming ends on June 30

[storm wolf]

Ok I was really enjoying the rewards . The rev dis may take forever to start

[gloomy gazelle]

Yeah yield farming was awesome. I struggle to imagine revdis ever comparing to the apr that eth/ilv SLP ever had.

[storm wolf]

Exactly

[gloomy gazelle]

Hard to match $300,000,000+ magic money over three years.

[pseudo jasper]

Anyone know when Staking will end?

[gloomy gazelle]

Staking will never end. But yield farming rewards will end on June 30, 2024 (the APR will end).

Staking will continue to make your ILV eligible for revdis and for voting in DAO elections.

[cobalt bobcat]

For RevDis do you need to have ILV staked, in IMX wallet, or personal wallet? what triggeres the RevDis..basically? nevenmind it right there above me.

[gloomy gazelle]

ILV staked.

[cobalt bobcat]

SLP staking for APR is done June 30th, does SLP go away, and then just stake ILV for RevDis?

[gloomy gazelle]

The ILV side of SLP will continue to earn revdis as it has in the past.

[cobalt bobcat]

Then do you just convert the SLP?

[gloomy gazelle]

You do not just convert. You can leave it staked as slp if you like.

[cobalt bobcat]

does SLP offer anything. or ?

[gloomy gazelle]

But this pinned message is how to remove your liquidity after withdrawing from illuvium staking.

#🥩〕staking message

[gloomy gazelle]

Yes. The ILV side of your eth/ILV SLP token will get revdis and will be able to be used to vote in DAO elections.

But no other rewards.

[cobalt bobcat]

SLP is a pair of ETH/ILV, can see what the ratio is on sushi?

[gloomy gazelle]

Probably. Zapper.fi shows it too.

You can also use math.

The illuvium staking page will show you the $usd value of your total SLP deposits. Half of it is ILV half of it is eth. Then math.

[cobalt bobcat]

that what I was asking. I should of just asked if it was 50/50.

[gloomy gazelle]

Oh. My fault. You did say ratio. Yeah it’s 50:50

[shell scroll]

but the duration of the staking is not relevant for the revdis right? So I can lock the stake for 1 day and then I get rev dis

[gloomy gazelle]

Duration of LOCKUP does impact it. The token weight multiplier is included in the revdis calculations.

2x weight gets 2x more revdis than 1x weight.

[cobalt bobcat]

is there a chart of that?

[gloomy gazelle]

I don’t understand.

[cobalt bobcat]

what qualifies as weight 1? or wieght 2. Time?

I see in on my vesting page,

is the weight affected but the amount of time you're staked in for?

noobish question, but now there is a transtion away from APR and to RevDis, it is more relevent

[gloomy gazelle]

Same as staking has been the entire time. The same thing that has impacted how much Apr you get. The length of lockup when you deposit. 12-month gets you 2x weight.

[shell scroll]

okay but if i have staked it for 12 months and the stake ends i can unstake it anytime theortically and until then I get the full revids?

man this tokenomics are so fire

[gloomy gazelle]

Correct.

[gusty sorrel]

Only rewards from ILV pool are locked for 12 months, but my main funds that i stake are unlocked and usable just after the selected epriod of staking is ended ?

For example , if i stake ILV, im ILV pool for 1 month , i get rewards that are locked for 1 year, but mu main funds are unlocked after 1month and usable again ?

[gloomy gazelle]

Yeah. That’s a glossed over simplification of how rewards work. But yeah.

Deposits unlock when unlocked. Unlocked tokens can be withdrawn or they can stay staked and earning.

[worthy lark]

Claiming Rewards

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

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

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

[potent sable]

Revenue distribution rewards however will be unlocked on claim. This is only relevant when the DAO is generating sufficient revenue however

[candid maple]

Hi, anyone can explain me that how many ILVs are staking for now? I can't calculate the specific numbers....I checked the three contracts, there are 950k( Illuvium: Migrate)+290k(SushiSwap:ILV)+3k(Core pool), which should be 1.27m ILVs staked in total. But I don't know it's right or not.

If calculated according to the current token price （$130), there should be around 2.5m ILVs staked.

Did I miss something? Pls help Sir. @gloomy gazelle

[plucky jewel]

Guys I want to swapback some ILV/ETH slp. But there is not enough liquidity. What to do then? Is it possible to swap somewhere?

I tried app zerion

[bright heart]

You don't swap the LP. You remove liquidity from the pool with it. Check pins.

[plucky jewel]

Yes I know, but still only able to remove liqudity by really small chunks.

But it's ok. I mean 0.13 SLP / tx and I had 4.49 ILV/ETH SLP

[plucky jewel]

I just got what you mean, gor it, thanks!

[gloomy gazelle]

6m is about accurate. You did miss some ILV that is revdis eligible.

Check this out. #🥩〕staking message

The DAO treasury wallet is also eligible. And the claimed ILV rewards that are not yet minted are eligible too.

[next merlin]

anybody having an issue claiming vesting reward?

[cobalt bobcat]

After June 30th, is the SLP token worth having? It does not get APR or RevDis right? Just liquidate it?

[gloomy gazelle]

Unknown. But there aren’t many strong arguments for having SLP after that. #🥩〕staking message

[cobalt bobcat]

Yes If anything I would probally purchase Land with it.

[turbid kiln]

I have not been keeping up with Illuvium that much, but after yield rewards end in June, how are new Silv2 generated?

[edgy socket]

they are not

[turbid kiln]

That's what I thought, thanks

[scarlet arrow]

If I want to stake ILV+ETH coins, should I stake on the ILLVIUM official website or on the SUSHI official website?

[lusty pecan]

illuvium website, fyi staking ends in June I believe, you want to stake only ILV after that to get more rev dis

[brisk surge]

Just by people who have not claimed yet and don't want to lock 12 months. So there might be heaps of sILV2 minted still after 30 June

[brisk surge]

You add liquidity on sushi and after stake it via illuvium website to their contracts

[candid maple]

6m ILVs are staking for now? Wow. Thanks Pelican!

[terse sequoia]

how can i unstake the ilv

theres no such a button

[gloomy gazelle]

Go to the VESTING tab. Click withdraw.

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

[terse sequoia]

Thanks

[fiery spire]

!revdis

[gloomy gazelle]

?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

[storm wolf]

When will rev dis happen?

[gloomy gazelle]

When there’s at least 500eth in the revenue wallet on imx. So probably when the games start selling fuel, so when people start paying to play the games, so when revenue starts coming in for actual real.

The second pin from the top in here. #🥩〕staking message

At the moment there’s nothing for sale. So no revenue. But when the games launch… who knows how much there will be

Maybe a little. Maybe a lot.

[dark depot]

wow.. July 1 2024 is the start of the bull run?

[gloomy gazelle]

Is it?

[magic delta]

👀

[versed coral]

Hey @gloomy gazelle do you know if the 5m that were saved for safety pool will now convert to revDis since there was the new raise?

[gloomy gazelle]

Good question for the council. Since they need to be the ones to decide what to do with the safety pool. My guess is they will wait until there’s proof of revenue.

[static crown]

would we be getting a staking V3 ready for open beta so we can be staked there for revdis? or is that currently not planned yet?

[gloomy gazelle]

No.

[static crown]

ok, so if we want revdis when game first launches, we should just stake now?

[gloomy gazelle]

V3 will not be launched until sometime after June 30 when yield farming ends.

[gloomy gazelle]

We still don’t have a launch date so I don’t know.

But probably

[static crown]

understood, i don't really want to stake now with the high gas fees, just wondering if there will be a new staking option on a layer 2, thanks for the reply.

[plain olive]

V3 planned for q4 according to roadmap

[gloomy gazelle]

Oh lol. I gotta read it

[static crown]

oh i missed that part.. haha thanks for reading it properly like a decent human being

[static crown]

seems like i might miss out on revdis for the first few months... or perhaps stake with 1x weight

[sullen talon]

what are the rewards for staking ilv

[lusty pecan]

check illuvium website for current APY% liquity staking ends in July i believe and then after that you will get revenue distribution when you stake.

[deep minnow]

If i have some Ilv staked in V1 still is it earning rewards?

[gloomy gazelle]

Yes. As long as you did the migration to v2 sometime since March 30, 2022.

You can check by looking at the VESTING tab. The v1 will be white if it’s been migrated. It’ll be red if it’s not been earning since like December 2021.

[deep minnow]

Sweet, it’s white. Thank you 🙏

I love my precious Ilv staked 🥩

[regal marten]

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

[iron ermine]

Hi all! I have a question... what do i have to do with my ILV stacked once the 12 period month finish?? i have to restake? eth fees are high AF

[gloomy gazelle]

Unlocked tokens keep earning just as they did before. Leave it to keep earning. Withdraw it to stop earning.

[iron ermine]

thats what i wanted to read LOL, thanks!

[livid nebula]

Hi, I'm leaving my ILV staked rather than withdraw. I have unclaimed rewards. Can you tell me if these are earning or must I claim them to earn from them?

[cinder escarp]

Rewards still earn yield. However yield farming stops end of June. So not that long anymore

[high patrol]

What happens to all the staked ILV after june?

[cinder escarp]

The yield farming of ilv will stop and they will only be eligible for revdis, revenue distribution. So you get a portion of the revenue the games make depending on the amount of coins you stake and how long

[plain olive]

?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

[high patrol]

Thank you again!

[hidden cove]

what is the staking V3 - layer 2?

[cinder escarp]

Yes

[hidden cove]

What's new in staking V3 please?

[cinder escarp]

Layer 2, as you said

Maybe @gloomy gazelle can answer more in detail

[plain olive]

There was no iip draft for v3 staking, if i remember right, so i don't think there's more to know than the swap from l1 to l2

[misty flint]

hi all..
had ILV for a while on an exc, and just realized I could stake it 😂
I saw that there is an option to do ILV/ETH SLP, with quite a high APR atm..
is it worth it to get the SLP? I saw that itll end soon? or change?

[cinder escarp]

All yield farming, ilv and ilv/eth will end on June 30. After that it is only eligible for revenue distribution but you only get that on the ilv part. So I would go in ilv, but if you think the slp route is still more profitable go for it

For slp you still get it too but only the 50% of the ilv

[misty flint]

understood.
new to the community here. hoping to get some more insights before starting to stake and other things around Illuvium.

Thanks for your explanation sir. 🙂

[cinder escarp]

?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

[misty flint]

getting the SLP would probably cost quite some fees for the whole process before being able to stake I assume?

[cinder escarp]

Depends if you already have the ilv and eth ready to swap. But it will probably cost more anyway yeah

[gloomy gazelle]

Unclaimed “pending” rewards and unclaimed REVDIS are NOT earning. You would have to claim the pending rewards so they start their vesting period. Revdis would have to be claimed and then staked.

⤵️⤵️⤵️

[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.

[cinder escarp]

Oh yeah sorry for missinformation I read it wrong

[gloomy gazelle]

No worries. That happens.

[cinder escarp]

Yeah that's why I usually reference you

[misty flint]

awesome. thank for all the info.. 🙂

[plain olive]

We will need fuel in leviathan? 👀

[gloomy gazelle]

I have no clue. Sorry.

[deft verge]

Hi there can anyone advise what will happen to our staked ilv,...straight ilv when rewards stop. Will it automatically

Be included as part of redivs ?

[candid plover]

hello, I went into the ilv project blindly when I started in crypto in 2021. I will need to know how to check if my pool of my slp is at level v2?

another question when I'm in the Dashboard it says total ilv clamed = 9 but I have none in my metamask, they are still blocked?

[candid kettle]

When you claim rewards in ILV, the ILV tokens are locked for 12 months by default, after which they can be withdrawn to your MM.

In the vesting tab, you can check if your stake is in V2 and the available withdrawals.

[gloomy gazelle]

Yes. It’s already eligible for revdis.

[gloomy gazelle]

Yes. It’s always eligible for revdis.

[deft verge]

Awesome 💯

[jagged steppe]

i just keep it there n its almost 2 years n its still earning...

[gloomy gazelle]

Exactly

[minor reef]

Noob here - how do i upgrade from V1 to V2?

[candid plover]

yes I just saw this thanks, the slps can currently be removed but if I leave them are they still in performance or do I have to block them again?

[frail dagger]

Does anyone know if I have ilv staked in both pools, can I transfer all of them to another wallet without losing my stake weight?

[plain olive]

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

[candid kettle]

The stakes continue to receive rewards and remain eligible for revdis even after the lockup period ends.

You don't need to stake again, just leave it there.

[gloomy gazelle]

Maybe. Maybe not. There’s a button on the upper left side of the DASHBOARD tab of the staking site. It’ll say something like Change Wallet. Try clicking that and it should tell you if it’s possible or not.

[golden temple]

I was trying to figure out a few things. Doesn’t it seem more beneficial to stake in ilv/eth pool.

[gloomy gazelle]

It’s debatable at this point.

There’s the possibility of “impermanent loss” to consider. Look that up online if you need to.

There’s the added steps on ethereum mainnet that cost more gas fees.

Then that the rewards end on June 30, 2024.

Then there’s the stuff discussed in a conversation starting here… #🥩〕staking message

There’s a lot to consider. Let me know if you’ve still got questions after checking that stuff out.

[gloomy gazelle]

SCAMMERS ARE ESPECIALLY ACTIVE TODAY. No one legitimate will help you in DMs.

[candid plover]

thank you, last question when I want to stop the slp I send it to my metamask then I go back to sushi to separate the pool and recover eth and ilv or do I go directly to sushi?

[timid plaza]

What are you talking about I just sent you the 2 eth you asked me for, I'm waiting for 4 back...

[gloomy gazelle]

🤣 I never received it. Sorry. Ethereum is broken I guess.

[sterile grove]

you guys have 2 eth lying around?!?!?!?

[candid kettle]

First, you withdraw the SLP token, then you go to SushiSwap to unwind the token. You will receive ILV and ETH in return.

#🥩〕staking message

[golden temple]

Thanks

[gloomy gazelle]

https://tenor.com/view/peter-griffin-family-guy-perhaps-maybe-gif-16249623

[brisk surge]

@median canyon Hey, Check DM's. Important.

[gloomy gazelle]

Are you guys changing your policy on token supply calculations? You probably should talk the the appropriate person and not the lead game designer. Though I guess Aaron does know a lot.

[deft plume]

Hi I just withdrew a reward that I had finished vesting, I paid the gas fee of $40 but it unlocked nothing, have I just wasted that money or done something wrong ? I don’t get it. It wasn’t labelled V1 if that helps at all, it had no V1 beside it. Does that mean it’s V2 ? I don’t know what it means

[deft plume]

@median canyon dies does this mean the figure on the dashboard is a lie and everything is worth zero ? The block explorer shows it’s gone to some weird address with a ‘?’ But I withdrew the reward as ILV from a .55 SLP worth around $420

I have imported the token contract address from etherscan and the .55 but it doesn’t show combined with the $ amount of the address, is this SLP worthless or can it be sent and withdrawn anywhere ?

[bright heart]

If you withdraw slp it's very possible you're just not seeing it. Slp is only usable in staking and in sushiswap. If you want to verify you have in your wallet you can go to the staking page and see if it shows you have stake-able slp.

[deft plume]

Thanks for replying. So I have imported the contract address from etherscan and this .55 shows as SLP now in my MetaMask, but what can I do with this ? It’s supposed to be worth $420 but is it withdrawable etc ? Convertible ? If so how ?

[bright heart]

Ah sorry for missing this part from your initial message. You can get the underlying eth and ilv from sushiswap. There is a guide in the pins.

[deft plume]

Ahh ok, so I can swap this SLP to either ETH or ILV ? Is it only possible to do within MetaMask swap ? I will check pins now too

[bright heart]

When you remove your liquidity from sushiswap you'll get a 50% ilv and 50% eth.

[deft plume]

All I have is this new SLP token

[bright heart]

If you follow the guide. You can redeem ilv and eth for it on sushiswap.

[deft plume]

Ok il have a look for guide now is that the pinned message thing you mentioned ?

[gloomy gazelle]

This is not new SLP. It’s your original deposit.

Here’s the how #🥩〕staking message

Your PENDING rewards must be CLAIMED

?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.

[gloomy gazelle]

If you claimed them already then they will be in VESTING

All rewards are claimed as either ILV or sILV2

[deft plume]

Thanks man much appreciated. I will have to figure this out tomorrow when I have time but for now, is it safe to say the funds are ok they are worth the $420 the dashboard showed for .55 SLP and I will be able to convert them to $ ?

[gloomy gazelle]

Once fully vested you can WITHDRAW your ILV rewards .

[bright heart]

Peli they already got the slp in wallet.

[gloomy gazelle]

Yeah. Half will be eth. Half will be ILV.

[gloomy gazelle]

Yeah.

[bright heart]

No need to rush. You'll be able to exchange them for usd, just consider all the gas you need to pay. 1 gas to redeem eth and ilv and 2 more for swapping eth and ilv. It can get 100 dollars in fees depending on prices.

[deft plume]

Cool so basically the fees I have paid already to withdraw / unstake to get this SLP token, is only the first gas fee and there is couple more as per the message above / pinned message too ?

[bright heart]

Exactly.

[deft plume]

Cool just while you here now, I just did approve, it was successful (small gas fee like $5), now I will click remove liquidity, the gas fee is around $30, after that will I have some eth and some ILV in my MetaMask ?

Thanks for help everyone, and for to be so quick aswell and detailed. I was bit worried cause it been a while since I checked it, like few years literally 🤤 but all good now. God bless Illuvium team good night

[potent sable]

If u are referring to sushiswap then yeah

[plush nebula]

Hey guys, any idea how to solve the "unpredictable gas limit" issue when trying to withdraw vesting?

[gloomy gazelle]

Lots of potential reasons for this error.
Probably best to contact support.

Support does not work through discord.

Contact #❓❓〕support through the website shared in the #❓❓〕support channel. Or look for HELP(?) in the top menu of the illuvium website.

If withdrawing rewards then One possibility is that it’s a rounding error. Try editing the number of tokens by taking the last number off the long line of decimals. For example 1.3490851716199583 becomes 1.349085171619958

[slim island]

Can someone tell me the difference between sILV2 and ILV? If i withdraw sILV2 its locked for 12 months?

[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.

[slim island]

Thanks

[rose inlet]

Hi, newbie here. Am I better to stake my Ilv on their own, versus Ilv-Eth LP? What are the relative aprs for both? Thanks all

[lusty pecan]

You can find apr on Illuvium website under token

Staking rewards ends in July I think after that anyone staking will get their portion of revenue distribution

[rose inlet]

Thanks. No staking after July 1, sad

[lusty pecan]

Correct, revenue distribution takes the place of staking rewards

If u do stake ILV/eth just know that the eth part does not earn revenue distribution

Only the ILV portion

[queen garden]

Hey there,
i got my illuvium assets on a ledger via metamask but all my staked ILV on another Metamask which is not linked to passport.

Will this give me a disadvantage regarding pb4 registration / airdrop?

[gloomy gazelle]

Probably not. You may just get some on both. But really we don’t have exact specifications yet.

[queen garden]

I thought that it might all run via passport accounts. Do you know if there is any chance to link two ilv wallets to one passport?

[gloomy gazelle]

I doubt it

No idea. I don’t think the IlluviDex works with passport yet

[queen garden]

good point. but that would all be good to know. staking since 2021, wouldnt be cool to miss the airdrop.

[gloomy gazelle]

We all wait for the announcement that will come closer to when the airdrop points leaderboard will be available

[queen garden]

sure. sorry, probably a bit pushy from my end ♥️

[flat dagger]

After reading some of the above, there is a day where we won't be able to stake any more? If so, what happens to all the currently staked ILV? Just moves to revdev?

Is there anywhere to read more about this?

[gloomy gazelle]

No that’s not quite accurate. Staking continues. It’s the yield farming rewards that end.

Staking ILV today makes that ILV eligible for three things:
-Yield farming rewards (which is the apr but will end on June 30, 2024)
-Governance election voting
-Revenue Distribution (through the staking page and the revdis contract)

[flat dagger]

Perfect, thanks again!

[gilded wigeon]

gm.. so i got alot of unlock vesting now, when i withdraw it will i pay separate gas fees/transaction for each vesting?? or i can just withdraw all with just 1 transaction.. coz u know its eth high gas fees

[gloomy gazelle]

You can withdraw the same type of batches in a group. So if you have a bunch of ILV rewards you can withdraw all of those unlocked ILV rewards by clicking the check box. But eth/ilv SLP deposits cannot be withdrawn in the same transaction as ILV rewards. ILV deposits cannot be withdrawn in the same transaction as SLP deposits. V1 and v2 deposits can’t be withdrawn in the same transaction (I think). So there could be a few different transactions but not necessarily for every batch since some can be grouped.

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

[radiant carbon]

I staked tokens in the Ilv pool for a 6-month lock over a year ago. If I want to earn 2x on revdis rewards do I need to claim and restake for a year?

I also staked other ilv tokens for 12 months over a year ago from MetaMask. If I want to change to a cold wallet do I need to claim and restake those tokens from the cold wallet? Thanks in advance for your help

[lusty pecan]

yes

[lusty pecan]

yes

[dense geode]

No, u dont actually, u could move the stake.

[dense geode]

If the stakes u want to move are v2, u should be able to move them to a different wallet.

[lusty pecan]

How?

[dense geode]

on dashboard

[lusty pecan]

this popped up for me after clicking change wallet

[dense geode]

Ye it has to be all v2

Wich might be the case for Tazz

[radiant carbon]

Not sure if v2 - purchased end of November 2022

[gloomy gazelle]

Definitely v2 then. V2 started March 2022

[radiant carbon]

Great! Thank you all for your help.

[lusty pecan]

so can he really move is already staked position from a metamask wallet to a cold wallet without claiming and then re staking under new cold wallet addy?

[gloomy gazelle]

No

[lusty pecan]

ok I didn't think so

[gloomy gazelle]

He can change wallet. But not change weight unless he withdraws.

[lusty pecan]

I was wondering about this question he had "I also staked other ilv tokens for 12 months over a year ago from MetaMask. If I want to change to a cold wallet do I need to claim and restake those tokens from the cold wallet?"

[gloomy gazelle]

You can do this. CHANGE WALLET.

[gloomy gazelle]

You must withdraw anything that does not have the WEIGHT you want it to have. Then deposit it at the weight that you want it to have.

[gloomy gazelle]

Ah. Yeah. The change wallet function can do that.

[lusty pecan]

very cool!

[haughty valve]

do I need to unstake SLP now?

[gloomy gazelle]

No.

[haughty valve]

ok sweet thanks

[gloomy gazelle]

It earns until you withdraw it. Until June 30, 2024. After that no one is earning any apr. Just the revdis. So still no need to withdraw it. But you can when you feel like you should.

[feral marlin]

I think i have been scammed
A few years ago i locked ilv for 12 months and it said my 0,5 become 1,1 after that and now i have checked it is just 0,15 in rewards

Do i miss anything?

[harsh pollen]

Maybe you have staked in the wrong pool?

[candid kettle]

#❓❗〕community-help message

[granite halo]

Wtf is that a real feature?! I have wanted to switch since forever.

Ahh not available for those who originally were V1 stakers?

[gloomy gazelle]

Usually. But you can always try to push the button. It’ll tell you if it works or not.

[granite halo]

True, true! Will give this a shot.

[rugged igloo]

After revenue distribution starts, isn't it better to just take out ILV/ETH pairs, convert ETH to more ILV, and re-stake for more revenue distribution? Or am I missing anything?

[craggy field]

It will be a balance between revenue from liquidity provider fees and revenue distribution.

If the treasury buys 1M in ILV and distributes it, all ILV holders will get like 20 cents per token they hold. (5M tokens staked at same weight would do that)

But if you are the sole liquidity provider, you get about 0.25% of the swap distributed as LP rewards. In the case of 1M that would be 2500 dollars.

So it becomes a tradeoff. Maybe providing liquidity pays off more. But you should also consider that the official ILV/Eth pool may change from Sushi to Uniswap or another Dex. It could even be possible for all trades to go through CEX instead and the dex pools dry up.

[rugged igloo]

Got the concept. So, if I leave the ILV/ETH staked in Illuvium, will I automatically earn the LP reward? Or I need to withdraw, and put into sushi swap?

[gloomy gazelle]

SLP holders 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. Only a smaller percentage of the fees get turned into SUSHI tokens.

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

[quiet depot]

Is there illuvium staking?
How?
Thank you

[gloomy gazelle]

It’s important to note that the APR for staking rewards will end on June 30, 2024

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

[flat dagger]

Thanks for sharing this

[snow lily]

So, if I'm understanding, if I'm holding 1 SLP (regardless if it's staked with Illuvium), right now that's worth ~.207 ETH and ~5.743 ILV. If, hypothetically, the dollar value of ETH & ILV did not change for 30 days. My 1 SLP, would actually be worth >.207 ETH and >5.743 ILV, because the fees from sushiswap are used to purchase the underlying assets?

[gloomy gazelle]

Yes

[snow lily]

Thank you!

[hoary oar]

Anyone know if staking rewards are taxable? Are they taxable when I claim them even if i cant acces them since they are locked ? When they become unlocked after 12 months do they become taxable or it is only when I transfer them to my own wallet ? Im in canada

[gloomy gazelle]

You really need to talk to a Canadian tax expert.

There may be a crypto tax record service that you could use. I use koinly here in the US.

I personally tax my minted rewards as income. rewards are not minted until withdrawn. I have no reason to conclude that this is how it should work for you. Consult an actual tax expert and give them your data in a format that they can work with.

[granite hazel]

I have error to withdraw ILV tokens staked from 2021. With who i have to contact to help sort it ?

[candid kettle]

Send a ticket to support at #❓❓〕support explaining the error that is occurring, and remember, no one from the team will contact you via DM.

[proud osprey]

I am certainly no expert and I agree completely with Pelican, speak to a tax expert in your country, (preferably one that knows a bit about crypto). But generally if you make money then your Govt. will want a slice!

Having said that tax is not normally due until the income is 'realised' (in the UK at least), so until you take it out and you can spend it I would suggest that it's not classed as income. But as always dyor because possible fines for getting it wrong could seriously dent any profits you made 🙂

[lost trench]

A friend asked her accountant who is not crypto dedicated. She was told that until it is in your wallet and able to be spent it doesn't count as income or capital gains. Just keep a separate record of it.

That made sense to me. However, if you use this system, get audited and it is wrong don'tblame me..😂

You can always get a hold of a crypto tax consultant, some will do your taxes, others will just answer questions for a small payment.

[pale terrace]

@gloomy gazelle I PMed you. Keen to get your response on this.

[hoary oar]

Aight ty.

[magic plover]

does this mean only 908 wallets have the weth/ilv LP?

[cyan rampart]

No, it means 908 wallets have LP tokens in them right now. When you stake, LP tokens are no longer in your wallet, which is why the 2 largest Holders are Staking V1 and Staking V2 pools.

[lunar marlin]

What happens when the Staking Epoch ends? Its 73/78

[gloomy gazelle]

The next epoch begins. Each epoch is 2 weeks long. After the last epoch ends then there are no more yield farming rewards. The APR stops.

[cerulean flower]

by the way, when will be staking on immutable? i have the token in binance, to move it the gas fee kill me 😦

[cinder escarp]

Probably in a year or so, no exact dates on that yet

[orchid solstice]

QUESTION ! .... if my 12 month locked staking period is finished and i left the tokens staked and didnt withdraw them. Do i still get RevDis and Staking Rewards ??

or do i need to Relock them

[flat dagger]

If you never withdraw previously locked ILV, its still technically staked correct?

[orchid solstice]

thats what i thought

[candid kettle]

The tokens keep yielding, there's no need to restake them.

[orchid solstice]

Thanks bro man dude

[slender walrus]

hey i unstaked my SLP on the last dip will it still be counted that i had it staked for 2 yrs for the beta access?

[gloomy gazelle]

It reads like how long it was staked for matters.

[cinder escarp]

Tbh it reads like they are looking at current stakes, but yeah would be more logic for the ones that have staked as well(I hope so because I recently changed from slp to ilv pool)

[haughty valve]

claiming rev div is a different contract right?

I can claim ilv and slp pools with one contract but not rev dis right?

[dense geode]

No, the ilv and slp pool are 2 different pools.
u can claim miltiple unlocks from the same contract in 1 transaction.

[worthy peak]

Sooo, wen revdis? Does the pool that collects eth for revdis has enough already? Do i get it right that there are 228 eth now on the IMX IlluviDex wallet https://immutascan.io/address/0x9989818ae063f715a857925e419ba4b65b793d99 for revdis?

[gloomy gazelle]

500eth is the execution time.

[worthy peak]

oh, long way to go thanks!

[gloomy gazelle]

I’m pretty sure that claiming revdis for ILV pool deposits and SLP pool deposits is done in separate transactions. But it’s possible that I’m wrong and the revdis claims allow you to do both in a single transaction, though I am certain that if this is the case, the transaction will cost more gas than if you just were claiming the revdis from one of those two pools

[gloomy gazelle]

https://tenor.com/view/hayley-atwell-agent-carter-captain-america-peggy-carter-long-gif-5153019

[worthy peak]

Btw please remind me, does the staking period influence your stake weight for revdis the same way it does for farming, so that if you stake for 12 months it's x2 ?

[gloomy gazelle]

Yes. And that weight remains even after your tokens unlock. Until you withdraw them.

[haughty valve]

I found that I could do ILV and SLP pools together but had to do revdis in a separate transaction

[gloomy gazelle]

How is gas so cheap the last couple days but was insane this weekend? I get that the downturn was tough but it's bonkers the weekend/weekday comparison.

[inner estuary]

Can someone confirm if your duration staked affects the amount of Revdis you receive?

For example, if you stake for 6 months, do you only receive 0.5 weighting for Revdis?

[pure eagle]

Yes, the weight carries over and affects RevDis the same

[gloomy gazelle]

@wheat bay

Best practice is to hold tokens in a hardware wallet. If you use “metamask hardware wallet integration” (Google that for more info) it’s possible to stake ILV while controlling it with that hardware wallet.

[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.

[wheat bay]

Perfect I will check it! Thank you!

[vernal kindle]

Hi Guy , Can WE get airdrop if WE stack it ?

[plain olive]

out of the homepage about airdrop.
see #📣〕announcements

[heavy peak]

Does that mean no more rewards for staking after June 30?

[vernal kindle]

Oh thx so mutch in sushi swap usdt ilv ?

Can i use base network ?

[plain olive]

Yes, Looks like

[vernal kindle]

Sir

Its next air drop beta ?

Where IS link for Land plz

Can i use base chain ?

[gloomy gazelle]

No

[gloomy gazelle]

The big sushi pool is the eth/ilv pool

[gloomy gazelle]

https://illuvium.io/news/register-now-for-private-beta-4

https://illuvium.io/news/illuvium-airdrop-season-details

[gloomy gazelle]

Check pins in #🎮〕illuvium-zero for more info on land. Look for the infographics for the basics. https://illuvidex.illuvium.io/zero/land

[serene flint]

Hi, I have a question.

What will be the incentive to stake SLP once there is no more epoch? Wondering if the reward of illuvium staking is going to suddenly drop to revenue distribution only.
Thank you

[gloomy gazelle]

Exactly. It will only be revenue distribution only. It’s not that sudden of a drop. It’s been going down the entire time.

Disregard that outdated arrow.

[serene flint]

but it could go from 30% apy to like 2-5% right on the first minute of end of staking ?

[gloomy gazelle]

Sure. But it will actually be 0%. Revdis is not part of the APR/APY calculation

The apr has always been variable. It’s only the total amount of ILV being distributed to stakers each epoch that is predetermined.

[burnt ether]

When apr/apy of stacking ILV ends distribution?

[gloomy gazelle]

June 30, 2024

[burnt ether]

Tks

[hoary sorrel]

Hello! Does anyone know how to download staking info csv files for tax apps like koinly? When I just add my ether address to koinly it doesnt show my staked coins or claimed rewards ect

[gloomy gazelle]

It could! If you identify the initial staking deposit transactions that you made as a staking deposit then it will maintain your ownership during that time. At least for tax purposes. Claimed and vesting ILV has not been minted so there’s probably not a good way to prove ownership using koinly. I just don’t claim owned until I withdraw and therefore MINT those ILV rewards.

[hoary sorrel]

Thanks! 🫡

[serene flint]

So SLP will get higher % revdis then just ILV or is it time to sell SLP? :/

[gloomy gazelle]

SLP will not get higher revdis. It will only get revdis for the ILV half of SLP.

[quaint nymph]

Hi I had recently removed my stake in sushi ilv/eth pool to get some eth for some purchases. I had staked in that pool for 2.5 years. Will that still be considered for the airdrop?

[candid kettle]

Yes, the snapshot took into account the past three years when determining the weights for the airdrop.

[quaint nymph]

btw i freed up some eth and entered back into pool for a smaller position 🙂

[serene flint]

Could price of the SLP crash? Am i in a rush to sell before last epoch? Thanks!

[civic igloo]

Have the snapshot been taken? 🙂

[candid kettle]

yes, April 14th

[noble osprey]

I cant wait to see how many % i have from 50k ILV airdrop pool🌝

[noble nacelle]

If ilv price and eth price dont move, the slp price cannot move.

[serene flint]

Thanks man!

[gloomy gazelle]

Here’s how to remove your liquidity so you get eth and ILV back. That’s what to do once you are done with SLP. #🥩〕staking message

[vital dock]

@candid kettle what if i was staking with a coinbase wallet that i am not using for my main wallet ? Any way i can show its mine for credit thanks

[gloomy gazelle]

Staking does not impact game rewards just the loyalty reward. So that staking wallet would get some.

Each wallet would get some

[vital dock]

Ok thats on chain my other is defi

@gloomy gazelle thanks thats a simple way of taking care of that haha

Any one following air drop tax in usa ?

[gloomy gazelle]

It’s income for me

[vital dock]

fair market value at the time of the drop .

impermanent loss is my first thought

[gloomy gazelle]

I’d think unrealized loss is the more appropriate term but 🤷

[noble nacelle]

Do we have informations on how many people are staking ? Since when ? How many ilv ? Etc etc

[vital dock]

@gloomy gazelle learning ..

[gloomy gazelle]

Yes. The data is available. Thanks to the dune page that @regal marten made long ago. #🥩〕staking message There are some others that have made dune pages and pulled data into spreadsheets as well. But that dune page is very simply to read. But comb through the other pins in here if you want to dig deeper into staking.

[noble nacelle]

That is perfect, thanks.

[dense dome]

Hi, I'm curious about staking in ILV since I really think this game and ecosystem will go viral.
Is there any news or talks about going L2 with ILV, like the staking and the marketplace? Gas fees on L1 have been so horrible for a long time now.
And how can I get even a rough estimate of the amount of ILV I could earn if I staked like 500$ for 12months? I think the data on the staking site is bugged. I'm unable to share a screenshot of it, but the staking page is showing 0% APR.

[dense geode]

Atm we have yield on the stakes, this yield ends at the end of june and this yield will be replaced with revdis as soon as the game is out.
we have no idea how much that will be, the income from the game will decide how much we get in revdis.

[vernal kindle]

Xdddd

[plain olive]

Staking v3 should be on layer2

[dense dome]

Ohh thank you for that info, I hadn't noticed that!

[quasi oyster]

Anybody got estimate Apy from the LP pool post staking ? Is there any plan to give more within the ecosystem or is it only gonna be $ from the transaction fees?

[quasi oyster]

Also approximatively are we talking about rev dis within 2 months or are more like 6 month a way from it ? Cheers guys

[queen forum]

I'm thinking of withdrawing SLP, need some eth for ICP ... but I'm not sure what I'm missing outif I do it now before 30/06 ; as far as I understood it, only the staked ILV will get revdis anyway from 30/06 onwards, right ?

and ah yes, wouldn't it be a good idea for Illuvium to be fully onchain on ICP ?

[pure eagle]

Staked SLP will also get RevDis but only the ILV part of it

[queen forum]

ok, got it, I'll stake the ILV back when pulled out of slp, thnx

[gloomy gazelle]

Whenever revenue starts coming in it should start rolling. 2 months sounds closer to my expectations than 6

[gloomy gazelle]

Just the transaction fees. And that apr has been very low for awhile. Like 1.2% last I checked.

That would increase if volume increases and the sushi liquidity pool shrinks.

[gloomy gazelle]

Seems like it would be a lot of work.

[valid zealot]

If I’ve been staking V1 from the beginning do I need to change anything or am i ok

[gloomy gazelle]

Have you ever done the migration? When v2 launched in March 2022 you needed to take action to keep earning. So v2 contracts could properly read your v1 deposits.

[valid zealot]

Yes i believe I migrated, I’ve been earning rewards

[gloomy gazelle]

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

[valid zealot]

But the dashboard says V1.

[gloomy gazelle]

Then it’s fine. Your v1 should be in a white oval on the vesting tab. Not a red oval.

[valid zealot]

Correct. Cool. Thanks for your speedy and accurate help!

So if I understand it, we keep getting rewards through June, then it is based on game revenue. Should help price I guess

[gloomy gazelle]

Correct.

[warm knoll]

Do you have any problem on the staking website ? suuuuuper slow loading and can't even reach it or log in

[gloomy gazelle]

Seems fine.

staking.illuvium.io/

[warm knoll]

Hmm may need to clean cookie cause for me not even the metamask link to connect show up and everything take 5min to load. Will check later thx

[rancid surge]

why 0%???????

[gloomy gazelle]

It’s probably a display bug. Clear your browser cache and the real data will display.

[small island]

I see the same issue

did a hard refresh, issue still there

looks like the UI intern screwed up

looks good now, APRs are back

[spiral shell]

Hello guys, just unstaked my SLP (ILV/ETH) and I want to convert back to ILV and ETH. Can someone provide me step by step guide for shushiswap? Thanks guys

[gloomy gazelle]

Yes. Check the pins.

#🥩〕staking message

That one

[torpid crater]

Does locking period for new stakes matter anymore with the ending of emissions and moving to revdis? 2 month and 12 month lock get the same reward ratio?

[gloomy gazelle]

The token weight from lockup impacts the revdis calculation. So yes lockup matters.

[torpid crater]

Ok thank you!

[civic igloo]

If I have another stake at weight 2, and want to add another stake with a shorter lockup --> one month, will my first weight be changed?

[gloomy gazelle]

No

Each batch of tokens has its own weight. Check the vesting tab to see the different batches

[civic igloo]

Ok 🚀🚀

[foggy dune]

When I try to stake SLP, I get an error message - cannot estimate gas. Unpredictable gas limit.
Any suggestions please?

[gloomy gazelle]

Use something like revoke.cash to revoke the token spend approval/limit for your SLP tokens. Then the staking page will ask for a new approval for a new token spend limit.

[gloomy gazelle]

Why has it taken so long for this to be how gas works? The priority fees just make sense.

[brisk surge]

Well you had times you could have 1 gwei one block and 100 gwei the next. Now it's just more gradual and a base fee. I used to make transactions with even no gas... good times!!

[kindred moth]

gas fees seem very low right now - for anyone who still needs to claim some sweet sweet ilv

[foggy dune]

Thank you but I don't really understand that process. The first time I was easily able to stake SLP.
Could you explain a bit more about what I need to do please.

[gloomy gazelle]

revoke.cash is a reputable site and often used for defi security purposes. Their site has a nice “how to use” page

The reason you can’t make another SLP deposit is that you have reached the approval limit. You need a new approval limit. The illuvium website will ask for a new approval limit once you have revoked your old approval limit.

[limpid current]

is there a guide somewhere how to get ilv & eth out of ilv/weth?#

[gloomy gazelle]

Yes. Pinned right here. #🥩〕staking message

Let me know if sushi has updated again and I’ll try to update the steps/images again

[limpid current]

Well no, if you have a little brain its easy to follow the steps. It changed a bit but step 7 perfectly describes it.

[gloomy gazelle]

Thank you!

[limpid current]

Now I just wait and think about what color my Lambo will be. Thanks Illuvium.

[gloomy gazelle]

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

[foggy dune]

Thank you for explaining. That was easy 😊

[abstract wagon]

Hello,
I didn't get in completly clear 🙂
Do I have to withdraw and stake again a former locked staking to continue recieving rewards?
Or can I just leave it there and it continues generating rewards?

[cinder escarp]

Leave it

[pure eagle]

If you leave it there you will continue to receive rewards at same weight. No need to re-stake

[abstract wagon]

ok cool thank you guys 🙂
It's also the same for claimed rewards after their locking period?

[pure eagle]

Yes, exactly

[abstract ridge]

its pretty hard to catch high lvl illuvials now!!!!

[pure eagle]

Better try #🎮〕illuvium-overworld channel for this. But yes it's gotten harder

[tranquil fable]

When is the airdrop for stakers ?

[plain olive]

Unknown as far as i know

[dense geode]

in q2 is all we know, so within 1 month i assume

[rich seal]

hi fam, where is possible to check SLP price?

[gloomy gazelle]

Zerion and zapper.fi have it somewhere

[rich seal]

zerion had it, but not anymore, will check zapper.fi

hm, cannot find it 🤔

[cyan rampart]

Zerion isn't traking historical price anymore, but it does still have the current price.

~$1140 right now.

[gloomy gazelle]

It’s also possible to do the math yourself.

Check etherscan for the Sushi liquidity pool.
See how many tokens there are and how much value is in the pool.
PoolValue/tokens=tokenValue

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

The on chain marketcap that etherscan displays is not correct.

[pliant bridge]

@gloomy gazelle I’m considering staking some ILV, but haven’t done much staking as a whole yet. And definitely haven’t dealt w/ vesting periods on any returns.
So, just so I’m clear about vesting periods, I can’t w/d a reward earned in June 2024 until June 2025? And then same for the next month’s rewards, July 2024 rewards not able to be withdrawn until July 2025, etc? Anyone has to wait a year from the first time they stake any ILV to see ANY returns, period?

[gloomy gazelle]

Rewards accrue over time. A little bit every block (not monthly). But even when earned they remain as PENDING rewards that need to be claimed.

See below for how the claiming works.

[worthy lark]

Claiming Rewards

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

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

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

[gloomy gazelle]

Yield farming ends on June 30, 2024. So there won’t be tokens being earned after that date anyways. At least not ones that will be vested when claimed.

The only thing to earn after that is the revenue distribution

⤵️

[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

[pliant bridge]

So it’ll just be the ILV pool w/ the low APR/APY, no Sushi pool?

[gloomy gazelle]

No. It’ll be nothing.

Neither pool will get anything but revdis. No apr for either.

[rich seal]

aa oky, tnx

[meager lintel]

Hey guys, is it still worth to stake ILV/ETH? Or is just the ILV Pool for staking the better idea?

[gloomy gazelle]

Yield farming ends on June 30, 2024. So there won’t be tokens being earned after that date anyways. At least not ones that will be vested when claimed.

The only thing to earn after that is the revenue distribution. And the ILV/ETH deposits only get revdis for the ILV half of the deposit.

The question is maybe not as much about the staking rewards but whether you expect eth or ILV price to increase more.

[lucid mural]

@gloomy gazelle I've got some SLP that's still locked for 3-4 months. Do you know whether those will stay locked when rewards end?

[gloomy gazelle]

They will stay locked until the unlock time associated with that deposit. The end of yield farming rewards does not impact the timing of unlocks.

[dawn lily]

I have some v1 ILV that are fully vested. Am I still earning rev dis on these or do they have to be withdrawn and staked again to gain rev dis?

Also, I see there is staking v3 on the roadmap. Is there more information about this somehwere?

[meager lintel]

That Yield farming ends is clear. But there are still two pools (ILV pool and ILV/ETH pool) to invest. Or will both end at 9th of may?
And because they have so different APY predictions, I was wondering which make more "sense" for my if I want the best ROI and also for the community. It would great if you could clarify it a bit more but thanks a lot until now!

[gloomy gazelle]

Both pools stop receiving the APR on June 30, 2024. Both are receiving ILV rewards from the tokens allocated to yield farming. But since they will all have been distributed by June 30, 2024 there will be no more rewards for either pool. So the benefits of staking would be limited to voting in DAO elections and receiving revenue distributions.

I’m not sure what led you to mention May 9, 2024. That date is not the end.

[rich junco]

Is there an issue with the staking website right now? I approved two withdrawls on rewards at market value and both failed. But they sure did succeed in spending the gas...

[gloomy gazelle]

Probably not a site issue. Do you mind sharing the transaction with me?

[magic plover]

screenshot from the good old days

[hidden current]

Sorry to bother you. But do you think there will be any issue with changing SLP back into eth and ilv at the end of the pool? Like liquidity doesn’t run out or anything like that right?

[brisk surge]

SLP represents liquidity so you'll always get 50 50 of what yours represents as % of the pool.

[hidden current]

Cheers thank you

[shy aurora]

@gloomy gazelle is this the real pelican mod

[gloomy gazelle]

I am the mod. But I don’t dm you. Or anyone. Never trust links in DMs.

[meager lintel]

ok thx dude. 09/05 that was the end of the current epoch. So if I want to invest in the game it's probably the best to go with land or ILV?

[gloomy gazelle]

Probably. Check #🎮〕illuvium-zero pins for more info on land.

[marsh condor]

Do you know if there is any plans to try and maintain deep liquidity within the sushi pool after the 30th June or is the expectation that people will just need to trade on the big CEX's?

I havnt seen any pools finish but I assume it's not going to be good for anyone except Mev bots...

[gloomy gazelle]

I’m afraid the plan is to see what happens and then react.

Primarily because what will happen is rather unknown. The super depth is likely to be significantly thinned. But what will increased volume do? MEV bots probably

[marsh condor]

I'd imagine a lot of Ilv will just be dumped back into the pool once people pull the liquidity. Anyone still locked will get destroyed and the Mev guys are on the other side of the impermanence loss...

I feel like it's not hard to extrapolate that if people aren't getting compensated for impermanence loss but more so their crypto is sitting idle in the midst of what should be a bull market, they are just going to pull the liquidity. Surely it would be better to proactive plan around the most obvious outcome for the betterment of the community and not feed them to the wolves. I'll be long gone but I feel like sentiment is very low at the moment if the one thing that was keeping people above water is then thrown back in their faces it's just going to piss off a new cohort of the community that wasn't angry.

Is there other examples of liquidity rewards programs ending that could provide an idea of the response?

I might be going into conspiracy land but it seems to community keeps getting hung out to dry, the only reason I can reason is to just wait and see would be to allow the liquidity to get thin enough that moving the price is easy for the big holders and they can take a directional bet on the future with leverage if they so choose. The course of action to do nothing doesn't seem to be optimal if one is looking for the best outcome for the largest amount of holders. I'd be glad to be proven wrong but it doesn't sound like a wise plan.

[brisk surge]

Doesn't get any better with a 250k ILV airdrop unfortunately. Only way would be to incentive people to lock up their ILV more, give NFTs or whatever other kind of boosts. I'm expecting a a huge liquidity removal and swap to ETH. If they don't want the token to crash they need to communicate plans now for v3 staking and incentives.

[marsh condor]

Buddy.

I didn't ask for your opinion. You have nothing to say that's worth listening to. Be Gone.

[brisk surge]

You do agree so I appreciate that

More people are finally understanding!

[marsh condor]

I don't. I am actually trying to have a productive conversation to hopefully effect some sort of change in what I see coming up as a big problem. You are here to none stop troll and add nothing to the conversation. If you want to suggest solutions please feel free otherwise shut up.

[brisk surge]

Lol did you even read my message? I have given solutions and suggestions.

And you do agree there is a huge risk in its current state...

Tiktok

The risk of low revdivs has to be managed also for the stakers. They can't just hope for 5 million usd per month. Look at what happened to zero where the expectations have not been managed.

250k airdrop could be redirected back to staking (inclus current stakers who hold the liquidity!)

[marsh condor]

200k airdrop is like 7 months away, i cant find when the 50k loyalty drop is but there probably a similar amount unlocking every couple of weeks so its not that big of an issue. Liquidity crunch is 2 months away, going from 50 million in liquidity to <10million on a market cap of $650 million is going to be a problem not unlocks and airdrops.

There isn't nfts to give that aren't going to cause bigger problems and you couldn't do illvialls it would stuff up the game mechanics. Everything you have suggested is redundant. Perhaps spend less time typing and more time thinking about the actual issue.

[brisk surge]

So explain to me why the locks were introduced in the first place? It was always to reduce sell pressure until the games were well established. Now we are years delayed and the staking is ending. The most logical is going back to the original intend of staking incentives and use treasury ILV they would have given away anyway...

[marsh condor]

You're not familiar with capital structures are you. Equity is a poison pill to fund a company with. That's a very bad idea.

[brisk surge]

Oh I think the tokenomics were messed up from the very beginning with the high yield farming of ILV...

[marsh condor]

Do you need some friends in real life? Seems like you really really just want someone to talk to.

[brisk surge]

You wanna be my friend pls? ❤️

[marsh condor]

Nope

[meager lintel]

How can I get rev distribution after 30th of June? And is just 1 ILV enough to participate with DAO?

[fluid bone]

@gloomy gazelle will staking period affect revenue distribution?

[pure eagle]

We will get RevDis when the game starts generating revenue. Any amount of staked ILV is enough to participate in DAO

[pure eagle]

Yes, staking time affects the weight of your staked token that affects the amount you receive

[magic plover]

@opal elm what are your thoughts on this?

[prime wadi]

Ok, how can I stake ILU? Been buying since 2020 and it is in my wallet! 😳

[dense geode]

Go to illuvium.io and click the logo top left, u will see staking

[opal elm]

There are a few things here:

• Revenue distribution - the 2x multiplier means people who have staked in that pool for 12 months and can unlock at any moment have an advantage. If they unstake and want that multiplier again they will need to restake for another 12 months which could be seen as unideal. We also have the ability to reconfigure the ratios on the pools through an ICCP. Meaning, we could give a higher percentage to those that have staked in the ILV/ETH pool to offset the risk of impermanent loss.
• Cosmetic Bonuses - we can upgrade the contract to include some kind of bonus program where people earn cosmetics if they are staked in the ILV/ETH pool.
• Current liquidity - the amount we have right now is amazing, but it isn't necessary, even if we lost half of the liquidity it would still be more than fine for transactions.
• Fees - LPs like in all pools are incentivised by the fees they earn.
• Potential Future Airdrops - people staked in the ILV/ETH pool earn a larger amount being staked in that pool.
• Conversion - We're likely to see people who unstake from that pool use the ETH portion released to purchase ILV (assuming they have conviction in the project and future revenue distributions and aren't solely yield farming for profit.
• Future Idea - I'm working on something in the background that could completely remove the need for people to unstake but it's too early to discuss. I'll update the DAO once I have more accurate info.

So we have options, there is no need to panic, we may have to reconfigure some things or implement new features if it becomes a problem but we shouldn't react too early because it may not be a problem at all.

[carmine oyster]

So if I understand correctly. People that earned tons of token because they joined LP instead of ILV stacking are now scared for the impermanent loss and the reward they will get ?
I had a bad experience before joining ILV with LP. so Just stacked ILV. we got so much less ILV rewards, and going to be rekt more because people in ILV/ETH asking for more reason to stay in the pool ?.
Waiting 2 years to start revdis. and as ILV staker. I feel rekt with that comments.

Instead. you could give rewards to thoses people that stayed staked in a useless ILV staking program. Close this ILV pool and make revenue distribution only available to the LP ILV/ETH stakers.
So there are no others choice to earn revdis

[cinder escarp]

You mean close ilv/eth? You are a bit contradicting yourself

[carmine oyster]

nah. close the ILV
is that usefull for the ecosystem ?

[cinder escarp]

That doesn't make any sense. Closing ilv/eth more

Since you only get revdis on the ilv part anyway

[carmine oyster]

I joined ILV staking because i was promised revdis. and didn't want to risk impermanent. but if the project need a ILV/ETH pool for swapping. why just not closing the ILV alone staking ?

[carmine oyster]

we need an ILV / ETH pool for swapping reason.
don't get your answer

[cinder escarp]

Swapping what? ILV is on a lot of exchanges already

[carmine oyster]

So if there is exchange, we don't need anymore ILV/ETH pool ? we could close it ? so why do we want to incentive people to stake into

am not a pro in crypto tech. just want to understand.

[cinder escarp]

For revdis, yield farming will end in less than 2 months. But I didnt suggest to close anything just said that it didnt make sense to close the ilv one since you only get revdis on the ilv part

So basically you don't get anything on the eth part, that's why I got out that pool a few months ago when I unlocked

[carmine oyster]

Ok i get it. It's annoying to be force to have the same invest in ILV and in ETH to be able to have revdis. if you want to be more invested into ILV.

[cinder escarp]

I didnt make that up that's how it always was going to be as far as I know haha, maybe @gloomy gazelle can help you

[carmine oyster]

no i know. i was writting my though and realised why it would sux to close this ILV pool.
But it sux to still continue to reward People in that SLP more than in the ILV pool.
People that really believe in ILV. have more ILV than ETH in ratio.
And now to make people stay into that ILV/ETH we want to give them the revdis about what they got in ILV and MORE stuff while they are less believer that full ILV staker ?

[cinder escarp]

Oh like that, yeah I agree. I went out of the pool for that reason. Now with lastminute more incentive feels kinda like a backstab

[brisk surge]

That's actually a really good idea... will minimise price swings too and stabilise the liquidity.

Impermant loss is not supposed to be a thing with proper protocol swap fees and high volume pools.

[hearty lava]

i have issue with 2nd point here, wouldnt that affect land holders? cosmetic bonuses?

if so... come on... we barely surviving here.. i hear d1sks also bring cosmetics or whatever.. why we even have lands

[opal elm]

We don't need to incentivise the pool that much. It is important but not so important that people start selling half their ILV for ETH just so they can get Rev Dis, that would crush the price of ILV in the short term. It's also massively misleading to people who have staked in the ILV pool assuming they will get revenue distributions.

[opal elm]

To generate fuel...

Haven't you being arguing that the blueprints are superficial and just a way for us to placate landholders? Now you are saying you need it to survive?

[hearty lava]

watching the prices in game.. t1 cant produce a stage 1 run in months

ive spent nearly 200k hyperion on shards, that would take decades for t1

[opal elm]

You already know that pricing isn't locked in. But can we not derail this discussion into a land argument please.

[pure eagle]

I usually don't partake in pointless conversations but I always read most of what people write and you ser are something #💰〕token message........ don't bother responding too much because I won't interact any further...... but......this is comedy gold 😉 ......anyways....back to the salt mines ⛏️

[hearty lava]

i dont rly understand what this has to do with land? the entire purpose of the project is to boost token. why wouldnt i believe it can reach 300 $?

[chilly harness]

Locked the ILV/ETH LP pair on Sushiswap for 1 year. Now the LP is "vested" and can be withdraw. Question: does the LP continues earning yield or I need to withdraw and redeposit for another 1 year? Thanks

[gloomy gazelle]

It continues yielding until you withdraw. Or until June 30, 2024 when yield farming ends. After that you’ll just get revdis

[cosmic bridge]

The loyalty bonus for locking up ilv, is that going to be available immediately or go through vesting as well?

[gloomy gazelle]

I’ve not read the current proposal. #1126838877429182506

[rich seal]

hi @gloomy gazelle what would you suggest about staking, to keep SLP and ETH staked or to withdraw it - as you are meantioning that on june 30 there will be no more 'rewards as now' ?

[misty karma]

do you think revdis or fees will out perform

[rich seal]

what exactly are revdis?

[misty karma]

should read up on the white paper, it's revenue distribution so whatever the game makes will be distributed back to token holders. you'll get paid whatever % of ILV you stake compared to all of staked supply. If you don't know revdis you prob don't understand SLP and LP so should also read up on impermanent loss and the risks of LP

[rich seal]

thank you very much for writing this, will definitely check that in the whitepaper. tnx

[misty karma]

np can post more if you have more questions but doing those two things should help out quite a bit

[rich seal]

found something in the wp on the web, but not all the answers.
For example, is ILV on vesting also profitable in yield?

[regal marten]

Yes, ilv that's vested keeps earning revdis. No need to re-stake.

[gloomy gazelle]

⤵️

[worthy lark]

Illuvium Revenue Distribution

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

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

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

[rancid surge]

hey all been away from the ecosystem for a while. re staking I understand it is going towards 0 if not already, so can we unlock our ILV once this hits 0? Or do we just leave it all staked to get revenue distribution? eg Do I need to do anything or just leave it? thanks

[craggy field]

You can leave your stake at 0% Yield rewards. The yield rewards are supposed to be replaced by revenue distribution. All revenue from the project is distributed across the active stakeholders. (Who are locked, or have unlocked since rhey started staking)

Regarding SLP you may have, that is up to you whether and when you want to remove the liquidity from the pool. Just know that the revenue is only distributed to the ILV portion of the stake. So if you werr to put it all in ILV, you would get more revdis. If you keep it in SLP yiu would get those pool-based fees.
Twix! Try both, pick a side. Or eat them both at the same time! You barbarian! 😉

[rancid surge]

and if staking for rev-div does it matter which pool?

[rancid surge]

awesome thanks for that. it was all staked just in the ILV pool

so sounds like nothing to do and look forward to rev distribution

[craggy field]

Alright then as long as you hold faith in the project you wont have to touch it! Only to claim your revdis and perhaps the final yield rewards at the end of june.

[rancid surge]

definately have faith in the project. one of the better ones thats for sure

[craggy field]

Note to self; set alarm for June 30 to claim yield rewards 😉
And we'll see you by then haha

[rancid surge]

💯

[real wind]

Man with so many changes of the original promise about the token maybe just bite the bullet and be realistic and rename it to profit distribution, literally its a misleading title at this state. More of ilv got sold out leaving a lesser % of total rev for the dao to work with, and then since getting realistic now changing so its not actually revenue but profit since its only where costs are basically irrelevant that its revenue and not profit.....

It was already in my opinion unrealistic to have a model where the dao(dev company) only small fraction of the income to work with - it would put it at a huge competitive disadvantage and fundamentally more naive than a stocks system which is basically what ilv is now. And just like stocks, over time big owners will buy up the influence if there is a good business oppertunity when the market gets established. Do not fool yourself if crypto gaming makes it to the very top, big money will treat it the same.

Ill tell you one thing, i'm a realist i look not just at words but also actions, and since the very starts its been nothing but changing stance from the original promise which changing what selling digitally is often catagorized as fraud btw. That said, i know we need runway so i can understand it but its a slippery slope with the line so far already constantly changing and the money just being put into the dao instead of what was promised and its been continuing that way.

I tried asking earlier whats the damn plans and no one answered. So whats the goddamn plans, when are you gonna unleash rev dis? When it goes into open beta? It seems also more money than just the safe pool has already been leeched(and safety pool was idd just another way to funnel money outside the original promise), and should have gone into rev dis already but just ppl staying silent on it and it just happens behind the curtain. From actions i'm not seeing something to trust at this time. Please make concrete plans and stick to them.

[low monolith]

It says "unknown error"

[gloomy gazelle]

Any DMs are scammers. If you’d like to risk being helped in public then ask and post some screenshots in #❓❗〕community-help

But if you’d like the security of privacy then contact support.

Support does not work through discord.

Contact #❓❓〕support through the website shared in the #❓❓〕support channel. Or look for HELP(?) in the top menu of the illuvium website.

[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]

DAO governance is very public and active members were very vocal about the safety pool. #📌〕governance-info

The revdis contract will be activated once there is 500eth in the revenue wallet. That wallet is clearly identified and pinned in #🥩〕staking message and #💰〕token message

[gloomy gazelle]

Both jaganite and I took the time to write detailed responses to your previous question in #💬〕general chat. Did you not see or read them? I can help you find them if you did not.

[real wind]

I waited quite a long time but then i went to bed, and ive been out travelling since just came home today. Thank you for taking the time to answer i will look at those.

[real wind]

Either way i am unable to find a tool that can allow me to easily go through total value of immutable wallets in the past so im going to let it slide rather than look through 40k transactions myself. But i do remember that the inflow rate should have crossed past the threshhold of the first rev dist at the rate it was reaching the then 15m safety pool. Maybe it slowed, maybe it just swept up and into dao development. I'm just gonna let it slide i mostly wanted that address thanks a lot now i can monitor it myself over time.

[gloomy gazelle]

Yeah past history on imx is annoying. I can say that as one that was here watching it… the amount never reached anything above $5m in eth. Which is what went into the safety pool. And should one day be distributed to ILV stakers. That will take a governance proposal to release that $5m.

Illuvitar sales did plummet.

And that was the only substantial revenue

[marsh onyx]

Do Rev divs work as a % of time held or just if you hold at that date?

Are Rev divs on both pools or just ILV?

[gloomy gazelle]

Both pools. But only the ILV half of the eth/ilv

[gloomy gazelle]

Revdis is for those that are eligibly staked at the moment it is processed.

[marsh onyx]

Thanks you and just to be certain. Staked includes vesting?

[gloomy gazelle]

Yes

[sturdy holly]

Hey peeps... if I withdraw ILV from the platform (not sell) is there anything I risk missing out on other than the additional 'standard' rewards I get from having them vested? Just trying to take advantage of the low gas while on offer

[brisk surge]

Can create a tool for it... was planning to have some stats on IMX anyway

Bespoke blockchain. Not liking it though... should go Polygon asap

[gloomy gazelle]

Staked ILV gets the yield farming rewards (ending on June 30), revenue distributions (when there is more than 500eth in revenue to process), and to vote in ILV DAO elections. When ILV is not staked it won’t be eligible for any of those three things.

[sturdy holly]

cheers mate appreciate the advice

[steady path]

Is there an airdrop for stakers?

[candid kettle]

#📣〕announcements message

[rough wagon]

If we reached the end of the staking period and not withdrawn are the tokens still staked or do we need to withdraw and restake?

[pure eagle]

They will still be staked with the same weight, no need to re stake.

[grizzled kindle]

yo just a quick question with regards to the airdrop, how is the aridrop calculated and do i need to do anything to be eligbile been staking for over a year now so quite keen to see the results!

[grizzled kindle]

ah so after june 30th the only benefit from staking is rev dis?

[gloomy gazelle]

Also being a DAO member and voting in DAO elections. But yeah.

[gloomy gazelle]

That snapshot is already taken. Nothing to do but wait for the airdrop.

[grizzled kindle]

ok good to know

[slender valve]

I just received the code, I just started playing, will I receive an airdrop?

[quasi oyster]

You receive a fix amount of airdrop points to participate in the Beta until 28th May after that point will be collected trough actions on all the ILV games. Airdrop will be a bit later but im not sure when. The amouht of $ youll receive will be based on airdrop pts you collected

[slender valve]

ty and how ı get ranger or survivor role

[quasi oyster]

You mean the discord status ?

You earn it by being on the discord long enough . I dont remember if it is related to participating in chat or just passively being part of the group

[cinder escarp]

Its chatting, you get xp every few minutes when you send messages so participate in conversations or ask questions

Ranger is lvl 5 on this server, you can check in #👑〕bot-commands

[storm wolf]

Is staking finished in june?

[gloomy gazelle]

June 30 is when yield farming ends. The rewards end. Staking continues. Staked tokens are eligible for revdis and dao elections.

[storm wolf]

Thx does ilv stayvstaked?

[gloomy gazelle]

Yes. Until withdrawn.

[surreal mesa]

What would incentivize someone to keep LPing for ILV/Eth if it’s more profitable to stake ILV for revdis?

I guess lower liquidity isn’t necessarily a bad thing in a bull market though haha.

[gloomy gazelle]

Currently the only thing that will be an incentive for SLP over ilv after yield farming is finished is the swap fees.

[craggy field]

Isnt ILV featured on a number of CEX? Wouldnt those retain liquidity to ensure trading?

[brisk surge]

Thin orderbooks on CEX at the moment.

Most are just bots.

[fair fiber]

I've got 12 ilv I'm holding in okx, not selling below $1k, should I stake it?

[compact talon]

I wouldn't, unless gas is low or if you have a long term plan

[fair fiber]

Yeah thinking I should wait till it goes live for revdis then see how it's trading then

[craggy field]

Staking 12 ILV would probably net you < 0.1 ilv or something véry small before the end of staking rewards. So for that purpose, probably a no.

But you would be able to unlock earlier if you start staking earlier.

In the end, ILV is the stock token of Illuvium. It is like holding a stock and not being eligible for their dividends. Now, we dont know how large the dividends will be, so it would be a gamble 🙂 you could lock for a month, but it would cost you the staking gas fees which could be pretty costly and the revdis would have to pay that off.

[compact talon]

you have 0,0000015 of the supply, if you were staking and illuvium earns a billion usd, you would receive around 1.5k dollars on revdis, which would be in ilv form, which depends on what price ilv is.

[fair fiber]

Ok great thanks for the info)

[storm wolf]

thanks so on june 30th when the farming stops do we have to manually terminate our farming pools or will the platform just do it for us?

[craggy field]

You dont have to terminate the stakes. You will get revdis instead of yield farming whenever revenue is shared if you have any staked tokens.

So, you would have to terminate/withdraw your stakes by yourself, but you would then miss out on any potential revdis.

[lapis heath]

Has anything been mentioned on the frequency of revdis?

Like quarterly, monthly?

[cinder escarp]

When a certain threshold is met, on the top of my head it was 500 eth?

[lethal kite]

Hi, can I ask if my rewards finished its vesting (12 months), if I do not withdraw, will I still get yield / revdis?

[cinder escarp]

Yes you will get rewards untill you withdraw

[gloomy gazelle]

Yes

[gloomy gazelle]

lol this message had not loaded for some reason. Maybe I had to scroll down. 🤷 you are rocking Brian!

[cinder escarp]

I know you cant be everywhere at once so I try to help out with the standard answers haha

[cinder escarp]

I wasnt sure about this one tho @gloomy gazelle

[gloomy gazelle]

That’s correct as to when it will start.

?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

[cinder escarp]

Ah

Need to remember that command

[gloomy gazelle]

I think there’s another IIP that covers the parameters of how often. It’s basically daily if there’s still revenue to distribute

[steep dragon]

buenas noches amigis

[lethal kite]

Good morning! May I ask, after my rewards have been vested for 12 months, if I do not withdraw it, does my reward still get apr yield or revdis?

[candid kettle]

The stake remains eligible for revdis and continues to receive rewards even after the lock period ends; there is no need to restake.

[lethal kite]

As long as I do not withdraw right?

[solar apex]

hello, do we know what tokens we will be able to lock in staking v3? Is it only ILV or some pair like ILV/ETH (as it was in previous versions)

[pure eagle]

Definitely ILV as you said....Let's wait and see if they will keep SLP but Kieran has expressed many times that he is not worried about liquidity but have ideas how to keep it.....let me see if I can find one of those messages 🧐

#🥩〕staking message

[candid kettle]

yes

[hardy sundial]

Will staking be migrated to ZK or new pools created once rev dis starts?

Want to stake ILV , but waited this long, not sure how to proceed. I have a long term intention.

[cinder escarp]

ZK?

Yield rewards will be until end of June so you won't get as much of that anymore probably. But to be able to get revdis you need to be staked

?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

[hardy sundial]

So this staking protocol will exist once the current bonding curve is complete.. The type of rewards and weight will change?

1st time staker it feels overly complex. Not much time left for the current rewards. What happens next?

[hardy sundial]

yep zkEVM - IMX layer 2 gas less network. Will we have the option to stake ILV and utilize sILV on zkEVM?

[cinder escarp]

staking v3 will take some time, not yet implemented

[novel prism]

Hey guys

Can someone point me to the doc on how to unstake your SLP token

[pure eagle]

#🥩〕staking message

[gloomy gazelle]

What makes zkEVM better for gamers? IMX zkEVM is not gasless. Ah was just reading up on it and it’ll always be gasless for the gamers, it’s the developers that will end up needing to sponsor the gas fees eventually. A significant reason not to move to it for illuvium games. Though writing in solidity is probably a nice perk.

Nothing has been shared about staking v3 yet. Maybe it will be on zkEVM (it does seem a bit unlikely but why not do something special for staking?)

[gloomy gazelle]

Weight does not change. And yield farming rewards END on June 30. After that Staked ILV continues to be eligible for revdis and for DAO elections.

[novel prism]

Thx for sharing. I did this, but sushiswap does not show my SLP LP token but I can see it on ILV dashboard.

On ILV dashboard there is a withdraw option for my SLP/ILV token. Is that the new method now ?

[pure eagle]

Yes, in the vesting tab there is a withdrawal option next to your unlocked SLP

[novel prism]

Got it. Thats what I am using now. Thx a lot @pure eagle

[sharp copper]

Hello. Is there a way to stake your ILV on imx zkevm?

[bright heart]

No. Only on eth mainnet.

[halcyon dust]

Are we almost out of rewards? Any point staking anymore?

[gritty iron]

Hi, do you also play with it?

[sharp copper]

Yeees! 😍Hi! When i have the time. Usualy try to do 1-2 runs every day. Hbu?

[lusty pecan]

For revenue distribution

[gloomy gazelle]

And eligibility to vote in DAO elections

[grizzled kindle]

Anyone know where I can see how much my slp is worth?

[hardy sundial]

secure the protocol , sucure the future

[gloomy gazelle]

Zerion isn't traking historical price anymore, but it does still have the current price.

[gloomy gazelle]

It’s easier to see on zapper though.

$1278 right now

[ancient eagle]

Zapper and search for your address. Gives you the ilv and eth breakdown. Easily the best out there. Debank shows this also.

[meager lintel]

So if you buy ILV today (or better on 1st of July), it is like a share of a company? You can earn in two ways: price goes up and you will get dividends?

And the ILV/ETH Pool will also close on 30th of June?

[halcyon dust]

How do we get out SLP back i wonder

[cinder escarp]

I dont think it will close, just less benefits I guess

[craggy field]

Yep if you buy ILV you buy shares of the company. If revenue is high, stock goes up. And the revenue is directly pumped back into the token and handed out to stakeholders. So a form of dividends (but we dont use that word here because it is slightly different.) It is called Revdis.

The july first is purely speculation. Could be that people get excited about open testnet beta and price goes up before then. But the halting of any staking rewards and the move towards Revdis cóuld be what sparks some selling.

[meager lintel]

I mentioned 1st of Julybecause before you could therotically stake in one of the two pools. Just to clarify how the situation is with beginning of july.

[meager lintel]

And invest in the ILV/ETH pool make less sense / not worth for that short term until end of june, right?

[craggy field]

yeah idk how much you get specifically for now, but it's not that much 😄

[gloomy gazelle]

This should do it #🥩〕staking message

[chilly cobalt]

Where can i stake My ILV ?

[gloomy gazelle]

The illuvium website. #🔗〕helpful-links

#🥩〕staking message

[gloomy gazelle]

It’s good to note that yield farming rewards for staking end around June 30, 2024. Not very long from now.

But staking ILV also makes it eligible for revdis and for DAO elections.

⤵️

[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

[hardy sundial]

Has anyone staked IMX?

[gloomy gazelle]

Yes. I do. The immutable website explains it.

[stray eagle]

hi, one question please. I finished staking SLP. Vested it and have it on my wallet now. how do I change it to another token?

[gloomy gazelle]

#🥩〕staking message

[stray eagle]

Thx!

[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

[glass plume]

I have some SLP, still staking, but unlocked. I did read somewhere that you should withdraw it? Why and what happened with SLP?

[gloomy gazelle]

The only reason to withdraw SLP is to remove your liquidity. And the reasons to remove your liquidity are primarily to swap tokens and to a lesser extent to avoid impermanent loss.

[gloomy gazelle]

Yield farming ends on June 30. So staking rewards apr will be over. So the reasons to be staked will from June 30 will be revenue distributions and voting in DAO elections.

[glass plume]

Okey. Thx for answering

[cinder escarp]

You only get revdis on the ilv part. Thats why its less attractive to stay in SLP when yield farming ends

[crude schooner]

But staking is sill 0% APR in /staking page 😦

[gloomy gazelle]

Clear your browser cache.

[gloomy gazelle]

That too

[gaunt sigil]

Trying to withdraw and getting unpredictable gas limit. Any tips on how to correct this?

[gloomy gazelle]

Depends on what you are attempting to withdraw.

Definitely try clearing your browser cache.

[gaunt sigil]

Vested withdrawal from ILV pool

[gloomy gazelle]

Are these vested rewards or are these vested deposits?

⤵️

[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.

[gaunt sigil]

Figures it out - couldn’t withdraw one of the amounts probably cause it was virtually zero. I unchecked that one and checked the rest then the transaction fired off metamask and was able to confirm

[gloomy gazelle]

Excellent

[noble osprey]

When exactly will revenue sharing start?

[craggy field]

exactly 2 years ago when Land revenue was shared with all staked tokenholders.

There is just no ongoing revenue that can be shared right now. there are no assets you can buy after all. Then there are the trading fees that are not high enough to warrant a sharing. So, whenever there is any revenue coming in, it will be shared.
Probably Open Beta, when the game is on the Main-Net, you can expect revenue to start coming in, which should also be when there is enough revenue to share.

[noble osprey]

lol i know it

[cinder escarp]

?revdis

[craggy field]

?Brian

[noble osprey]

immediately after completing yield farming?

[cinder escarp]

Wtf why isn't the command working

[cinder escarp]

Its already active, just not enough yet to distribute. There needs to be exceeded a certain threshold

[craggy field]

depends on whether the game is out by then. I somewhat doubt it. But maybe the team is comfortable. Nobody knows their schedule. I personally would not mind 3 months of testnet testing to ensure there are no issues on the main net 🙂 If there are issues, we can kiss any revenue goodbye xD

So from my (Totally uninformed) perspective May 28 - August 28 Testnet, and then main net launch and then moon! But again, maybe the team is fine with only a single month of testing. They could be way further ahead than I think. dunno but if they launch past end of yield farming, that just makes for a good buying opportunity xD

[versed coral]

We entered the last two epochs of yield farming

[noble osprey]

I wonder why ILV should be kept in staking after the end of yield farming if there is no information anywhere about what the revue distribution will look like...

[cinder escarp]

There is info

[noble osprey]

so how often will I get rewards for staking?

[cinder escarp]

@gloomy gazelle give revdis info pls, the command isn't working

[noble osprey]

everyday as it is now or once a month?

[cinder escarp]

I can give a vague summary of you want or you can wait for mods

[noble osprey]

so we will keep ILV in staking until we collect 500 ETH in revenue? xD?

[cinder escarp]

That's the basics yeah

[gloomy gazelle]

@cinder escarp has no power

[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

[potent sable]

Hey @gloomy gazelle I have a question for some upcoming stuff

This is the vesting wallet u mentioned in a pin. U said its eligible for revdis. 2.8m tokens seems high doesn't it? Does this include the unreleased yield farming tokens? Or Is that elsewhere?

Oh I just realised this probably includes all the vests etc from staking for public individuals, crap. If I subtract the number from dune that'll give me team/seed tokens total yeah?

On second thought that doesnt sound right. Damn I am surprised this 'team vest' is so high

[potent sable]

@hollow herald are you very across this?

[gloomy gazelle]

It’s weird. Let’s take a closer look.

This site has the best chain info about the vesting address. https://twitter.com/pe1ican22/status/1632436955555467266?s=46&t=p1CJsdlT9FQTl67MJtiL_Q

The SEED unlocks tab

I think what it comes down to is this section at the top of the page.

The 2.25m has already been unlocked and withdrawn. The 4m includes that 2.25m so 4-2.25=1.75m that could be withdrawn right now (like 1m of that is the treasury so that’s eligibly staked for revdis but the other 750,000 is not). The 1m vesting ILV left might be eligible for revdis. But sort of depends on a few things. The still locked upper management tokens (and other team tokens are eligible for revdis or at least they were when revdis was processed after the land sale) but it’s not exactly clear if the vesting tokens from the fund raising rounds are eligible for revdis. It’s probably safe to assume that yes they are eligible.

So the 5.1m+ total mentioned in the contract is the treasury, team, seed, preseed, and leftover launchpad allocations and the revdis those treasury tokens got from the land sale. Minus some tokens that were used outside of the vesting contract I guess. Pretty sure that computes.

[potent sable]

I see I see. So this is the same wallet that has the treasury. Why did I think the treasury was in a separate place hmmm?

[gloomy gazelle]

It used to be. I think.

[vivid ruin]

Im always curious about the current amount of revenue. Would be interesting to be able to see it on the website.

[quasi oyster]

So 1 M of seeds left out of 1.75M is owned by our Treasury ?

[dense geode]

How could anyone predict the future

[gloomy gazelle]

#🥩〕staking message

[gloomy gazelle]

No. The counting and math was not to determine how much the treasury holds. It was determining which contents of a specific smart contract wallet were eligible for revdis. Just check the burn report pinned in #💰〕token and posted in #📣〕announcements to know how much ILV the DAO treasury has.

[hollow herald]

Sorry not sure what you are asking here

[potent sable]

Its all good Pelican knows all

[dusty lance]

When I click "Connect Wallet" on Illuvium's staking site it doesn't do anything on the website. The wallet was connected the other day and worked just fine. The same wallet is selected in MetaMask right now, and it is unlocked, but the staking site doesn't detect any connected wallet.

Uniswap works fine with the same wallet too. 🤔

[dusty lance]

Noticed the Illuvium store is down for maintenance too..

[analog breach]

Exciting times! What they cooking?

[quasi oyster]

Buttered up rev dis toast with vegemite.

[gloomy gazelle]

Clearing browser cache can help with stuff like this sometimes.

[dusty lance]

Same issue. I think the site is having an issue with connecting wallets. The store's entire site is down

Been staking since June 2022 and need to pull some vested ILV out.. =/

Can someone else try the staking site and tell me if they are having issues with connecting their wallet?

[gloomy gazelle]

The store has not been live for months.

[gloomy gazelle]

I just connected using metamask mobile. Worked fine.

I’d guess if your wallet won’t connect then it’s an issue with another wallet extension getting in the way.

Try turning off other wallet extensions that you don’t want to connect to the illuvium staking website.

Metamask also lets you attempt to connect to a dapp (like the staking site) manually. Open metamask and attempt to connect it to the site. Should be top right left of the metamask popup

[dusty lance]

Odd! I am on Chromium in Linux, but everything worked fine last week and a few weeks ago. Now the site doesn’t acknowledge the any wallet is connected.

I’ll have to fiddle around a bit more. Chromium is unmodified except for the MetaMask extension, I use that browser strictly for crypto transactions. I don’t like installing Chrome but have used Brave before, w/ the built in wallet disabled, so I get not having multiple installed.

Btw, UniSwap appears to work fine! At least it detects the newly connected wallet and when I change addresses in MM.

[gloomy gazelle]

Could be wrong network since uniswap will connect to a few L2s.

Other than that I can think of what else to do. Support might want to hear about it to get it fixed on the team end if it truly broken.

Support does not work through discord.

Contact #❓❓〕support through the website shared in the #❓❓〕support channel. Or look for HELP(?) in the top menu of the illuvium website.

[dusty lance]

This! Thank you sir! I had been stuck since MetaMask was set to the Base network. I hope they add a warning about this in the future.

The Connect Wallet button does nothing when the wrong network is chosen in MetaMask, no message or hint at what the issue is.

[subtle plover]

🚀

[limber stirrup]

How ‘weighted’ can your stake go? I’m at 2x now wondering if I just leave it for a few years try get 10x