🥩〕staking

[candid kettle]

It never counted; it's part of the stake contract's functionality.

[pearl mauve]

Okay. So if want to stake for redvis the better now is unstake and put all in ILV stake.

[candid kettle]

yes

[wintry sigil]

Are there any other marketplaces to stake or add LP to other than the official website?

because 2-3% APR for 1 year lock period is extremely low

[cinder escarp]

Where did you get 2-3 apr? It will only be revdis at this point

[wintry sigil]

Even for staking?

[cinder escarp]

Yield rewards ended on June 30th

[wintry sigil]

oh, I thought it was just for the LP

[cinder escarp]

No for all

Apr has been decreasing over time that's why the UI might still say 2-3%, guess they need to fix that

[wintry sigil]

I see I see, thanks for letting me know

[cinder escarp]

For more detailed info ask @gloomy gazelle when he's awake

[gloomy gazelle]

Illuvium is no longer providing any further tokens for staking other than revdis.

Technically, most DEXs provide their own sort of incentives to liquidity providers through their protocols. But that’s not really a thing we are able to share info or advice on.

[wintry sigil]

Ok, thank you very much!

[sturdy holly]

Is there any downside to withdrawing any vested tokens that are past the 12 month period? (ie now eligible to withdraw)? Not referring to the LP tokens

No plans to sell just thinking of taking advantage of the low gas

[gloomy gazelle]

Yes. Tokens that are withdrawn will no longer be eligible for revdis or for voting DAO elections. Only staked tokens are eligible for revdis or for voting DAO elections.

[sturdy holly]

ok cheers... so vested rewards are deemed as staked?

[gloomy gazelle]

Yes

[sturdy holly]

is there any calculation on the estimated rediv per 1 ILV vested?

[gloomy gazelle]

Not really. Because it’s based on future revenue. Which is not a known variable.

But simple calculations can be made by assuming that 5-7million ILV are eligibly staked for revdis. So it would take about $5-$7m in revenue for there to be $1 distributed to each staked ILV.

[sturdy holly]

makes sense thanks mate. Appreciate you

[fiery steeple]

does revdis differ based on the lockup multiplier? or was that only for yield farming?

[gloomy gazelle]

Yes it does.

[fiery steeple]

ok, thanks mate

[rapid kestrel]

I just unstaked my SLP

3 years of staking 5.14 SLP and I just calculated I lost 0.7 Eth even after converting all the rewards lol 🔪

[cinder escarp]

why are you comparing in a bear?

[rapid kestrel]

It is a current fact?

[cinder escarp]

you dont expect either to grow?

[rapid kestrel]

I expected it to grow but it dropped 95%

[cinder escarp]

you bought at 1900?

[rapid kestrel]

I bought ILV at 1K+ per token 3 years ago when hype was real and land was supposed to be out 😂

[cinder escarp]

same, wait t thats not true it was around 500

but i also bought a bunch at 38

[rapid kestrel]

Oh well

I fomoed when it was pumping so fast, I remembered binance was pumping to 1800

[jovial forge]

Hey all, I’m new to posting here. I’ve been staking to the ILV/Eth pool for a few years and was wondering if there was any info on the loyalty airdrop. Is this something we will need to claim or something that will be automatically distributed? Thanks

[gloomy gazelle]

The loyalty airdrop will need to be claimed. I’ll share the announcement… hang on

[gloomy gazelle]

#📣〕announcements message

Be sure to read before you just go ahead and claim, because if you claim early before the vesting ends you miss out on the rest that is still unlocking.

[jovial forge]

Thanks!

[sharp orchid]

So quick question for clarification, as I am seeing mixed messages and it is causing confusion and having me second guess myself....

STAKED ILV = REVENUE DISTRIBUTION

It is "Rev Dis" per token. Revenue payout / total staked tokens = $$$ per ILV distributed?

There are no weight allocations? The weights were ONLY for rewards?

Therefore, the following is true (all rev dis is the same for each case below):

10 ILV purchased today & staked for 1 month = "X" Rev Dis
10 ILV staked today for 1 year ="X" Rev Dis
10 ILV staked 1.5years ago and able to be unlocked = "X" Rev Dis

[gloomy gazelle]

Token weight is part of the revdis calculations. So the initial lockup time does matter.

What is not counted is the pool weight. So the eth/ILV pool does NOT get 4x the amount that the ILV pool gets.

[sharp orchid]

Appreciate that - thanks!

[ebon hill]

Why do I keep getting a "can't estimate gas" error trying to stake on the ILV/ETH pool?

[pure eagle]

Try clearing cookies and cache from browser (or try a different on) see if that helps

[versed pilot]

Any devs on here my wallet was compromised last night and they moved my mitre staking account tokens are locked vesting and stake need some help here trying to get it back

[ebon hill]

Still getting error after clearing cookies and cache and using another browser. Is there a minimum amount of SLP to stake?

[pure eagle]

Check the gas limit in your wallet. No there is no minimum SLP amount to stake

[pure eagle]

Oh sorry, you should not stake there anymore. SLP rewards are over as of June 30th

I read too fast and thought you wanted to unstake

[ebon hill]

ahhhh lol thanks

[pure eagle]

Staking will be for Revenue Distribution and only staked ILV tokens will count for that

[turbid folio]

anyone knows where can I see my withdrawn SLP?

[misty ruin]

find the sushi pool for the SLP contract 6a091a3406e0073c3cd6340122143009adac0eda

[misty ruin]

Staked ILV include half of a staked SLP position.

[gloomy gazelle]

That’s true. But making an SLP deposit is not a good idea at this point.

[gloomy gazelle]

Devs have no special tools to assist you. The keys control the deposit and any vesting rewards. If a scammer has your keys they also can control it all. The devs do not have any keys.

Would you please explain again what happened… there seems to be a breakdown in the sentence flow of what you wrote.

Are you saying they seem to have used the change wallet tool?

[frosty mist]

In order to withdraw the ILV/ETH, would like to check if I should firstly "Withdraw" from the staking.illuvium.io/vesting page, then i can see SLP from the sushi.com/pool ?

[gloomy gazelle]

Yes.

That is step 1.

#🥩〕staking message

[fallen kettle]

Hey team, so I'm unable to claim my ILV/ETH v2 tokens from my SLP tokens on sushi swap. I've followed nijafes video but it's failed 5 times. I have spoken to support on metmask and they said my wallet is working fine it must be on the ILV token end. I've tried asking sushi but they never respond to anything. Any ideas?

[dreamy prairie]

Can I confirm that "pending Rewards" are not eligible for rev dis, and only after they are claimed and undergo the 12 months vesting they will be eligible for rev dis?

Thank you

[carmine drum]

You withdraw the SLP to your MM wallet yet?

[carmine drum]

by the time they are claimed, they are eligible for revdis

[dreamy prairie]

So if they sits in "Pending rewards" will not earn rev dis

[pure eagle]

Correct

[austere obsidian]

can i staking my ilv?

[dense flare]

yes

[austere obsidian]

how can i see more infos

[dense flare]

staking page on official website

also in pinned messages

[gloomy gazelle]

Have you tried the steps I’ve shown here. #🥩〕staking message

[fallen kettle]

I'll try them tonight, but I have claimed SLP before. Will update how it goes here.

[fallen kettle]

Not yet, I'll try tonight and update here.

[gloomy gazelle]

?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.

[fallen kettle]

Yup, these are the steps I've tried many times now and it won't work, not sure what to do from here?

[carmine drum]

You have to withdraw the SLP first

[fallen kettle]

The SLP is in my mm wallet, unless you mean something else?

[hazy token]

At which point are you having problems? Is the tx confirmed on MM or not?

Also be careful about scammers DMing you!

[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.

[fallen kettle]

The point I'm having trouble is, I'm not receiving a signature to sign, it says "permit approval with signature" but it's not popping up like on Nijafes video. And secondly, it says the transaction was a success, but I still have 1.2 SLP in my wallet, not ILV and ETH...

[hazy token]

I was having a lot of problems with MM and removed it and started using Rabby. Everything worked fine. Not sure if it would help you

Also, was you sucessful tx maybe just approving the token in your wallet, prior to another tx for moving/transacting?

[lost trench]

Are you using a cold wallet through MM or just a MM? If using a cold wallet maybe try transferring it to just a normal MM?

[sturdy holly]

Hey peeps. Just wanting to be sure before I action it... Am I right in presuming that there is no longer any benefit to having SLP now (eixisting not new). So I should remove my SLP now?

[cinder escarp]

Technically you can leave it for revdis, but you will only get it on the ilv part, so you can also remove the slp and only stake the ilv for revdis

But then yhe ilv will be locked up again so depends what you want

[sturdy holly]

cheers mate appreciate the info

[cinder escarp]

I'm not a mod btw so for more detailed info ask @gloomy gazelle

[fierce surge]

I am trying to stake to ILV Pool from Trezor through MM but I am getting error after submitting dialog. Any idea how to fix this please?

[pure eagle]

Someone was having the same problem. But just so you know liquidity pool rewards are over. The only thing that gives rewards now are staked ILV so that means if you stake SLP only the ILV portion of it will be eligible for Revenue Distribution

[fierce surge]

Thanks I know, I wanted to stake ILV for revdis

[pure eagle]

Oh yeah sorry....fast read again....I thought it was SLP

Try clearing cookies and cache or a different browser....see if that helps

[versed coral]

I had the same issue. What I did is to change the permitted IlV amount on revoke.cash etherscan

[gloomy gazelle]

Yeah the error is due to token allowance limits being reached.

Revoke.cash can help remove your past allowance. Then the staking page will ask for a new one

[abstract lodge]

Someone sell me on why I should stake my Ilv

[versed coral]

RevDis

[gloomy gazelle]

Staked ILV is the only ILV eligible for two things:

Revenue Distribution
and
voting in ILV DAO elections

If either of those things are not important to you then can’t think of a reason to stake.

(Note: there’s ILV outside of the public staking pools that is eligibly staked, see pins in #💰〕token )

[abstract lodge]

How much revdivs goes to stakers

[gloomy gazelle]

See the governance below

[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

[abstract lodge]

At what point are vault revenues distributed

And do d1sk count towards revdivs

[gloomy gazelle]

Once there’s 500eth of revenue waiting for distribution

[gloomy gazelle]

Yes

[unreal prawn]

Hey guys, i try to stake some ilv, using metamask connected with my ledger. In the end of that process it tells me unknow error

[gloomy gazelle]

My guess is your ledger on metamask won’t work for any transactions at the moment. Several have been reporting issues like this. Myself included. I could not swap eth for wBTC on uniswap. I had to remove my ledger address from my metamask. Had to install all updates using ledger live. Then connect using metamask hardware wallet integration again.

Some just said screw metamask and have used rabby.

[unreal prawn]

im trying downloading some updates now on my ledger...lets see. But metamasked worked very well until now for me

[gloomy gazelle]

Same

[unreal prawn]

mh, still not working. strange

i will try it tomorrow again, then i will do some research i guess :/

[gloomy gazelle]

Clear browser cache?

[gloomy gazelle]

These guys had similar issues. #🥩〕staking message

[unreal prawn]

na i got it

the problem is firefox. Ledger and Firefox is not working together anymore with the newst version of firefox. you gotta change the browser to crome or brave or something, sad.

[nocturne pasture]

Hhh

[gloomy gazelle]

Oh I remember seeing that.

[fierce surge]

Thanks also @versed coral . Does it make sense to lock for longer than month? as its just revdis for stakers. Or also lock time affects revdis?

[gloomy gazelle]

The lockup time does impact the revdis because the lockup time changes the token weight multiplier which is included in the revdis calculations

[fierce surge]

so I will receive same revdis whether I am locked for 1 month or 12, right?

[gloomy gazelle]

No.

[fierce surge]

omg sorry 😄 I read "The lockup time doesnt impact"

[gloomy gazelle]

If 12 month lockup gets 2ilv then 1 month lockup would get like 1.08 ILV. 2x weight verses 1.08x weight.

[dense bear]

Is there an expected time for the next rev dis? We haven’t had one in 2 years have we?

[fierce surge]

thanks

[gloomy gazelle]

The idea is revenue distributions will occur when there is revenue to distribute. Likely not too long after the games launch as scheduled on July 25.

[thin palm]

If you have a stake that is past the lock up period, just leaving it alone means you are still eligible for revdis?

[hazy token]

Correct

[dense bear]

🔥

[small salmon]

when will be airdrop for old stackers ?

50.000 ILV as I understand should be distributed, is it correct ?

[cinder escarp]

its in #📣〕announcements of a few weeks ago

[small salmon]

thanks, sir

[storm wolf]

How will the gamr generate revenue?

[gloomy gazelle]

By selling fuel for eth. Players will pay eth so they can take action in the game (using the fuel they just bought)

[jolly torrent]

staking apy is 0?

[gloomy gazelle]

Correct. The 3 years of yield farming ended with the month of June.

Staked tokens still remain eligible for DAO elections and to receive revenue distributions.

[storm wolf]

Thanks. How can you generate fuel? From lands only?

[storm wolf]

When can we expect rev dis?

[gloomy gazelle]

Should be yeah. The dao produces the other 95% that the lawn owners do not.

[gloomy gazelle]

Sometime not too long after there's at least 500eth in the IMX revenue address. Check pins in this channel.

[trail river]

Will ILV in ETH/ILV LP staked tokens be eligible for RevDis?

[wintry halo]

Yes, but only the ILV portion will

[gloomy gazelle]

Yeah

[feral junco]

Hi , i swaped the slp token, Illuv/ eth, can somebody give me the tokenaddress to import to metamask please

Scammer?

[worthy lark]

DMs are scams

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

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

Support is not provided via DMs

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

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

[feral junco]

can you show me the token adress, please

[gloomy gazelle]

?token

[worthy lark]

Token Address

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

[gloomy gazelle]

Liquidity tokens are not technically intended to be swapped.

[gloomy gazelle]

Probably there’s a scammer

[silent wigeon]

Hey Jesse I can only see 237 ETH in that address. What am i missing?

[granite halo]

Likely means they need another 263 ETH before we see revdis. So 800k usd, likely 5-6 months before first revdis?

[silent wigeon]

I think Jesse said there is 500ETH already in there, thats why I asked 🙂

[granite halo]

"Sometime after there's at least 500eth in the IMX revenue address."
I made his statement a bit more concise I think. That is how I interpreted it

[silent wigeon]

ahhh okay that would make more sense then haha

[gloomy gazelle]

Looks figured out.

[fossil sphinx]

I would like to ask how to play this game and how to make money. Can any seniors give me some advice?

[storm wolf]

With 500 eth in the wallet how much is the rev dis per ilv?

[gloomy gazelle]

Last I checked I estimated about 5-6m ILV eligible to receive revdis. So roughly…
$1,681,500/6,000,000=$0.28025 per ILV

There are some other variables like lockup weight and fluctuations in staked ILV and prices but that’s a sane estimate.

[storm wolf]

So you mean 1681500 is the current amount in the treasury

[gloomy gazelle]

No. 500eth is worth about that much usd

I skipped that part of the math. Eth $3363x500=$1681500

Or whatever that was

[burnt ether]

Hey Jesse
Why there is so much ILV eligible? We have way less staked in the website

[gloomy gazelle]

Because the DAO has tokens. And the team members have tokens. And the VCs have tokens. All of those are in the vesting contract. Pretty much all of those are eligible for revdis as well. It’s not just the public staking contract that is eligible.

You can see it in here. #💰〕token message

And other pins in #💰〕token

[burnt ether]

Okay thank you

[lone owl]

Mod - so were done with yield farming and we should withdraw our LP stake?? What about Rev Share.. does that not involve LPs. I dont want to withdraw my LPs if we're still using them for Rev Share??

[lone owl]

Hey Tholky.. little help please.. So just to clarify, we should unstake our LPs, then stake our ILV to received RevDis?

[candid kettle]

SLP tokens receive revdis, but only the ILV portion is eligible for revdis distribution. So, if you aim to maximize this, the ideal is to have everything in ILV.

[silent wigeon]

Curious how would people feel about land staking?

[lone owl]

Also, I just claimed my 40 ILV staking rewards and they havent showed up in my wallet yet.. Can you please tell me whats going on as 40 ILV is a good chunk of change and i'm a little concerned here??

Illuvium staking site says the transaction was completed and gave me this etherscan transaction..

Well I'm trying to paste the transaction but discord wont let me for some reson

Hahahaha.. Nevermind, I just realized thy're gonna be locked for a year.. Didn't know that was gonna be the case but it is what it is.. Thanks

[silent wigeon]

did u claim as sILV2 or ILV?

[gloomy gazelle]

Yeah that’s 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]

Land is an in-game utility asset. Intended to be used.

[remote quest]

when can I claim reward?

[gloomy gazelle]

If you mean staking rewards you can claim them whenever. But I suspect you don’t mean staking at all.

If you ever need help please use #❓❗〕community-help

The airdrop for preseason 1 is not yet able to be claimed. There is not a date set for claiming it yet. However, I personally think it won’t be claimable until sometime after July 18. But there’s not much of a reason for that.

[remote quest]

ty

[lone owl]

Hey if my claim is locked for 364 days can I still stake them and be earning RevDis? I was planning on staking them..

[gloomy gazelle]

They are staked.

The vesting claimed rewards are staked and eligible.

?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]

Anything in the vesting tab is staked.

[lone owl]

?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.

[lone owl]

Thanks for thr help! Good to know they are staked during the lock up period.. How can I see the daily Rev Dis on my staked ILV? I dont see the daily on the dashboard

[gloomy gazelle]

Revdis is not daily. It simply happens when it happens. Revenue needs to start coming in from the games making revenue before there will be revdis.

You can see how much revdis you have accrued in the rewards tab.

There’s been none since not long after the land sale.

[lone owl]

k thanks

[queen garden]

hey starking reward emission finished?

[hazy token]

Yes

[cedar crow]

I have some ILVs in the Loyalty reward now locked on vesting period. Does it also count for revdis ?

[candid kettle]

No, only the ILV in stake counts for revdis.

[knotty nacelle]

Are we currently able to stake new ilv? I just tried a couple times and it brought up an error.

[gloomy gazelle]

Last I knew this should work. I suspect the error has to do with your token spend permissions. You can use revoke.cash to see what ILV spend permissions need revoked. Once revoked the staking page should get you a new spend limit set up.

[knotty nacelle]

Ah gotcha - yeah that's probably the issue. Thanks!

[candid kettle]

https://illuvium.io/jobs

[magic pebble]

When i orignally staked my coins years ago when the price was in the hundreds i was thinking id be able to restake my staked ones to raise the weight is this not possible anymore?

[hazy token]

You dont need to restake. If you originally staked at highest multiplier, just leave them

You cant raise the weight beyond 2x

[magic pebble]

ty

[ancient ore]

as my sLP is still staked in the illuvium web3 app, i get that it is not getting incentivized with ILV/sILV2 as staking rewards are over - but it still an LP, so wont it continue generating trading fees? if so, are those compounded automatically or how does it work? where do the trading fees go?

[gloomy gazelle]

This sushi LP is an old v2 pool. The large majority of It's fees are actually automatically added to the liquidity pool and therefore the value of the slp token itself reflects this increase due to the added fees.

Sushi does offer it's own LP incentives though. Staking any slp token in their MasterChef protocol can earn $sushi tokens. But staking in illuvium's staking protocol is completely separate from that and no sushi is received.

[ancient ore]

thank you mate! i am aware of v2, but thats the way we worked back 3 years ago 😄 well i could ofc stake the token on sushi to gain their incentives, but this will cut my ILV portion from revDis, so this does not make sense to me.

but it is hard to see the token value increasing besides volatility. but i guess if there was a mechanism so see how much value has been added based on fees, you'd provide that.
so its good to know it is "there" 🙂 thank you!

[gloomy gazelle]

Yeah I used to know of a site that could show the data. But the last time I asked sushi about it they said such a site never existed. I was like but... I saw it...

Anyways the best place to get a look might by apy.vision maybe. It's simply not a great system since it's so outdated I guess.

[ancient ore]

will give it a try

[raw creek]

staking is on eth right?

can i go buy coins on sushi and put them to stake now to be considered in revdis or do i gotta wait or smth?

[raw creek]

anyone?

[gloomy gazelle]

Yes it is.

[gloomy gazelle]

You could. Yes.

[timid jolt]

Gm I have a quick question regarding the staking rewards

I see on the dashboard in staking.illuvium.io that 3m/3m tokens have been distributed (as is also outlined in the whitepaper) finishing on epoch 78 which ended on 30/06/24. Taking this into account I can't understand where the APY/APR is coming from for the ILV and ILV/ETH pools

Meaning, where are the rewards that are given out coming from? If all the tokens that were allocated to Yield Farming have been distributed

Would love to know @gloomy gazelle

[gloomy gazelle]

There is no apr. The ui on the website has not been updated.

[dense geode]

?revdis

[worthy lark]

Illuvium Revenue Distribution

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

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

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

[dense geode]

If u mean the airdrop, those come out of the marketing budget / treasury token.

[fervent elm]

Excuse me: Now that the staking V2 rewards are over, is there any way to continue holding ILV to earn interest?

@median canyon @hexed solar @gloomy gazelle

[gloomy gazelle]

It’s not really interest. But staked ILV is eligible to receive revenue distributions and to vote in ILV DAO elections.

See more about revdis below

?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

[fervent elm]

What does staked ILV mean? Is it possible to use both ILV and ILV/ETH?

@gloomy gazelle

[gloomy gazelle]

Technically yes. For a little while longer ilv/eth can be deposited.

But the ILV/eth deposits only get the ILV half counted when the revenue distributions are processed. Because the revdis is split between all the eligibly staked ILV.

There’s also no pool weight in the revdis calculation. The ILV/eth pool does not get 4x the ILV pool as it did for yield farming.

[fervent elm]

It is fully understood that the corresponding rewards will only be issued according to the corresponding ILV staking data, and the corresponding rewards will not be calculated in any form, but only according to the proportion of staked ILV. right?@gloomy gazelle

[gloomy gazelle]

The token weight does impact the revenue distributions as well. How long the tokens were originally locked for. Up to 2x weight.

[fervent elm]

So where and how is it going to work?

[gloomy gazelle]

On the staking page. As it worked before.

[gloomy gazelle]

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

[fervent elm]

So the APR shown now is not right?Because it can't be accurately calculated for the time being

[gloomy gazelle]

Correct. The apr is leftover user interface. The apr is 0.

[fervent elm]

When will the calculation model be updated and the projected earnings re-displayed?

[gloomy gazelle]

Future return from revenue distribution can’t be reliably predicted. There’s not a set amount of revenue that the games will end up making.

Eventually the historical revenue distributions could be used as a model to explain what has happened in the past. But of course past performance cannot be used as a predictor of future performance.

[fervent elm]

Will you redesign the page so that participants can better participate in voting and know their reward?

[gloomy gazelle]

There are plans and efforts already in progress to update the staking site.

[gloomy gazelle]

Voting does not take place on the staking site though.

That’s on snapshot. #📌〕governance-info

[fervent elm]

So will there be rewards for participating in voting?

[gloomy gazelle]

Never has been in the past.

[fervent elm]

Thank you very much for your professional and patient answer, as a coin holder gave me a lot of information, I hope ILV is getting better and better, thank you very much. @gloomy gazelle

[gloomy gazelle]

Happy to help.

[gloomy gazelle]

Remember that I’ll never send you a friend request. That no real support is ever offered on discord at all. Be safe.

[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.

[analog garden]

how to distribute the income to staking when game open beta

anyone know？

[carmine drum]

RevDis button right there in the staking site.

[pliant whale]

Hi, I'm getting a "Failed To Fetch Data" browser error when trying to load Staking page. So Dashboard fields are 0. Already tried clearing cache and restarted browser, but no change. Just me or is Staking page/site down?

[pure eagle]

Pages are being worked on RN....but let me ask about staking UI specifically

[pliant whale]

Thank you 🙏

[gloomy gazelle]

The revdis has been on the rewards tab.

It can be claimed when you decide there's enough to be worth withdrawing.

There's not any other action needed from your side.

[broken hound]

hi. just a quick question. If I want to stake, it asks for a custum spending cap that is set to a rediculous high amount. The addresses seem correct, it is just the amount that seems weird. And what amount? Is that ilv tokens or $ or what? Any ideas?

if I put site suggestion the amount is: 115792089237316195423570985008687907853269984665640564039457.584007913129639935

[candid kettle]

Generally, protocols set a very high number, indicating the total possible use of funds. Make sure it's the correct site and that the request refers to the correct tokens.

The same thing happens if you do a swap, for example. The approval for the use of funds also sets an absurdly large number.

[broken hound]

so if the address is ok I should just leave that amount as it is?

[candid kettle]

You can modify the spending cap (which means the amount of tokens the contract can stake), but if you don't have a specific reason, it's usually best to leave it as is.

[gloomy gazelle]

It’s really up to you. If you set the spending limit to the amount of
ILV that you are about to be staking then you’ll be able to stake that amount. And will have to create a new limit in the future if you attempt to stake additional ILV.

Spending limits are implemented by the ethereum blockchain to help prevent your tokens from being used when you don’t want them to be.

[swift belfry]

Can somebody remind me where I go to see the loyalty reward?

[gloomy gazelle]

Rewards.illuvium.io

[swift belfry]

Thank you. 🙂

[broken hound]

Ok thanks. Love how the “moderators” are d-m-ing right away 😅.

[gloomy gazelle]

https://tenor.com/view/scam-scammer-its-scammer-time-hammer-pants-mc-hammer-gif-26591790

[foggy harbor]

Are there no more rewards? or will there be further rewards in the illuvium/ETH pool?

[gloomy gazelle]

#🚨❗〕report-scammers

[gloomy gazelle]

Only revdis

?revdis

[worthy lark]

Illuvium Revenue Distribution

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

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

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

[foggy harbor]

ty

[broken hound]

Quite curious to be honest what that revdis will be like. I saw mavia had 5m downloads. Not sure but I think illuvium has actually much more retention. So if they can reach 5m and have a fair share of paying customers revdis might become quite interesting passive income.

[quiet hatch]

Hey, does Illuvium still have any need for SLP stakers?

From my understanding it was initially a way to bootstrap liquidity to the ILV/ETH pool which was a requirement for revenue distribution in the future.

But what purpose do SLP stakers serve now, are they it still important, or is there now enough liquidity in general that SLP is no longer required?

Will the SLP pool be used for revdis, or will other DEXs/CEXs be used as well?

Thanks :)!

[pure eagle]

We SLP guys are out...liquidity was required early on but not now YF was our reward but if you g for RevDis only the ILV part of your SLP are getting rewarded

[cyan rampart]

Would likely be a DEX aggregator like 1 inch being used for revdis buybacks. No reason to not use all available liquidity. If DEX liquidity ever gets too low it's possible that CEX could be used, but that's kind of a bridge to cross if/when we come to it. There would be some additional logistics required if that were to ever be the case.

To summarize, ILV/ETH liquidity is still important, it's still used for vault buys, but it's not an absolute crisis if it continues to decrease because there are options if that does happen. Vault buys help support liquidity in their own right, through fees.

[quiet hatch]

Got it thanks @pure eagle @cyan rampart for the details!

I’ll have to weigh up the pros and cons of continuing to hold my SLP then. Considering it’s liquid and at 2x weight I’ll probably keep it staked until I want to sell some ILV and/or ETH in the future 🤝

[analog garden]

redive of staked might be different weights for different length ？

[candid kettle]

The longer the lock period, the greater the weight for the revdis. The weight is 1 for 1 month and 2 for 12 months.

[analog garden]

2 for 12 month？

[candid kettle]

yep

[analog garden]

its unfair，if i stake 12month，just add weight for 1 than stake 1 month

[candid kettle]

Double the weight is significant.

[analog garden]

if stake 6 month , weight 1.6, 3month, weight 1.3?

[analog garden]

my staked rewards will be withdraw to restake?

[candid kettle]

If the rewards are claimed in ILV, they automatically go to a 12-month stake (receiving revdis with a weight of 2). The revdis does not have a lock period; it goes directly to the wallet, just like sILV2.

[analog garden]

my rewards have been lock 12-month , I want revdis use these rewards , so i have to withdraw and stake again?

[candid kettle]

You don't need to stake again; just leave it staked to continue receiving revdis, even after the lock period has ended.

[analog garden]

ok, that great

[storm wolf]

guys do we have to do anytning with our staked ilv? we just leave it on the dashboard staked?

how come it shows zero again? i can see the ilv balance but the value as zero.

what does failed to fetch mean?

[gloomy gazelle]

Some weird network blocker usually.

[gloomy gazelle]

As long as it’s in the vesting tab it’s properly staked and eligible.

[gloomy gazelle]

I’ll check

[gloomy gazelle]

I guess I’m not sure which part of the dashboard you mean. One wallet I still have a microscopic amount of staked ILV in seems to work fine. I don’t have any ILV balance in the wallet so that is listed as 0 ILV. But my staked ILV does give a proper amount and value. This wallet does not have any ILV/eth SLP staked anymore.

[storm wolf]

Thanks it may be the browser

[pliant whale]

Hi, trying to stake more ILV but getting a long "unable to estimate gas fees..." error message. Tried with both Raby and Metamask wallets. Is staking currently enabled?

[steel pecan]

Hello all, for staking i have to transfer ILV in metamask?

[candid kettle]

To stake, your ILV must be in your MetaMask wallet.

[steel pecan]

I understand, thank you very much!

[candid kettle]

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

Otherwise contact support for more secure help. #❓❓〕support

[pliant whale]

Thank you. I am entering a specific round number amount of ILV. The strange thing was that it worked (I could stake) for 1 wallet but got the same error for another wallet?? 😂. Ok will contact support if ongoing.

[gloomy gazelle]

It’s gonna be your approved spending limit has been reached. revoke.cash can help remove the old limit so the site will ask for a new one.

[pliant whale]

Great, that worked 😄. Getting a new Approval request now 👍🏼. Thank you very much 🙏

[dawn lily]

This is probably a stupid question, but ILV that I staked and more earned through staking, some shows "v1" next do it and some does not. It is currently linked to an Argent wallet. Do I need to move all of this to Metamask to be able to use IMX and partipate in the Illuvium ecosystem as it currently stands? That's how I'm understanding it, but wanted to make sure.

[candid kettle]

The stake continues to yield revdis even after the lock period ends; there's no need to withdraw and stake again. The difference between V1 and V2 is that funds can be moved between wallets if necessary.

[dawn lily]

Ok, so am I good to leave my ILV where it is now if I am just planning to keep it staked to earn RevDis? I don't believe my Argent wallet works with MetaMask.

[dawn lily]

Also, is there a change I should be making to the tokens marked "v1"?

[candid kettle]

If your tokens are already staked and you want to receive revdis, just leave them as they are. You don't need to make any modifications. The tokens will only switch to V2 if you restake them, which implies a new lock period.

[dawn lily]

Ok, thank you for your help! I also have some sILV2 in my Argent wallet. I'm assuming that will need to be in MetaMask to interact with the game when it launches.

[candid kettle]

They must be in your IMX wallet to be used within the game.

[dawn lily]

Ok, thank you!

[pearl mauve]

Hello, How can I convert SLP to ILV and ETH?

[cyan rampart]

There's a guide here: #🥩〕staking message

[trim prism]

Withdraw - go to sushi and clear the slp to eth and ilv

[storm wolf]

can we still use the illuvium dashboard on the staking platform?

[pure eagle]

the website is under maintenance it might be funky until the 25th

[abstract lodge]

[hidden current]

are we due another missing rewards thing being handed out due to the staking rewards of SLP being wrong earlier on?

[hazy token]

I asked about that a few weeks back. Iirc the answer was yes, but tbh not sure if it is happening. @pure eagle do you know?

[pure eagle]

I didn't know there were missing SLP rewards.....if that is true then I would expect another missing rewards given back to stakers. I'll ask about it

[hazy token]

Yeah it seems it’s still gonna happen

[pure eagle]

Yeah then the guys will do it....I think all eyes are set on the 25th RN but I will ask about it

[hazy token]

Exactly. Not urgent. At all

[analog garden]

The revdis are distribute continuously or One-time issuance

when open lunch

[candid kettle]

It is distributed continuously as the profits from the game flow into the pool.

The 25th.

[potent sable]

Continuously but its still in bursts. Depending on revenue, once every 24 hours or so seems like the max cadence

[analog garden]

Is there specific white paper ？

[potent sable]

#💬〕general message

[gloomy gazelle]

Good find. I also just added it to this pin
#🥩〕staking message

[carmine drum]

last time sweet revdis was in illuvitar sale, so sweet

[potent sable]

Awesome thank you

[magic pebble]

Is it easier to add money to a website like coinbase then move it or directly into immuteable

in the past i had issues with cards declineing crypto purchases is why i ask

[carmine drum]

Yes you can, it’s called a CEX.

[quasi oyster]

You know how long the maintenance will last ?

[pure eagle]

No ser, but it can not be longer than 54h from now

[quasi oyster]

Why so?

[pure eagle]

Because that is when the game goes live on Main Net

[quasi oyster]

But the staking dashboard and the game arent correlated ?

[candid kettle]

They are different.

[serene lava]

@candid kettle quick question ser. I want to move my SLP back to the ETH and ILV so that I can stake it regularly. What are the steps? Maybe there is a video or thread on it.

[candid kettle]

#🥩〕staking message

[serene lava]

Thank you ser. 🫡

[serene lava]

Any ideas what this is?

[candid kettle]

Are you on the SushiSwap site? If so, it's probably the contract approvals for managing the SLP token.

If you've never done this before, signatures are required. Just make sure you're on the correct site.

[serene lava]

I should be if its detecting it. I will double check

[serene lava]

Done and Done Thanks 🤘

[candid kettle]

nice

[serene lava]

@candid kettle one last thing. Staking currently has 0% APY is that normal?

[candid kettle]

The rewards have just been distributed; now only the revdis counts for the stake.

[serene lava]

Weight is the same?

[candid kettle]

Weight 1 for a 1-month lock and weight 2 for a 12-month lock.

[serene lava]

Perfect. Thanks ser

[abstract lodge]

Is there any higher then 12 month

[candid kettle]

No, the maximum lock period is 12 months with a weight of 2.

[gleaming brook]

If I unstake my SLP and restake the ILV portion for 12 months, will it still be a weight of 2?

[candid kettle]

yes

[gleaming brook]

Thank you

[ornate loom]

Hi! I was able to unstake my SLP token. How do I separate the ETH from the ILV?

[ornate loom]

Found it.

[gloomy gazelle]

[unkempt reef]

Its normal to see on vesting the stake with v1 tag? Even if it was upgraded to v2 long ago?

[hazy token]

yeah, I think it just shows that they are stakes that were originally v1. Please correct me if I am wrong somebody

[pure cove]

Is the ILV/ETH pool still earning 40% APY? And will it earn % in the future or will this end?

[candid kettle]

The rewards have ended; now only revdis is earned through staking.

[magic pebble]

I"m very stuck on getting my claimed SILV into passport from my staked rewards : when im trying to merge my account it says wallet unregistered any suggestions?

[pure eagle]

Staked rewards are on L1....so you have to claim...withdraw to wallet then bridge to IMX passport
#❓❗〕community-help message

[cedar crow]

Can someone explain what determines the ILV/ETH SLP price? I understand it's related to the prices of ETH and ILV respectively, but what are the specific mechanics behind it? Staked for 2 more years but little knowledge about this.

[timid jolt]

Is the RevDis program already active? Or does it go live tomorrow?

Like have people been getting a percentage of revenue already

[candid kettle]

For a token pair A and B with a constant product formula, the price is calculated using: x * y = k
Where:

• x is the quantity of Token A (e.g., ETH).
• y is the quantity of Token B (e.g., ILV).
• k is a constant representing the total value of the pool.

Numerical Example

1. Initial State of the Pool:

   • Quantity of ETH (x) = 10 ETH
   • Quantity of ILV (y) = 20 ILV
   • Constant k = x * y = 10 ETH * 20 ILV = 200 ILV·ETH

2. Change in the Pool:

   • Suppose someone wants to exchange 1 ETH for ILV.
   • The new quantity of ETH in the pool will be x + 1 = 11 ETH.
   • To maintain the constant k, the quantity of ILV must adjust to y'.

3. Calculating the New Quantity of ILV:

   • Using the formula x' * y' = k:

     11 * y' = 200
     

   • Solving for y':

     y' = 200 / 11 ≈ 18.18 ILV
     

   • The amount of ILV in the pool after the trade is about 18.18 ILV.

4. Token Price:

   • The price of 1 ETH in ILV is calculated by the amount of ILV obtained by exchanging 1 ETH:

     Price of 1 ETH = Initial amount of ILV / Initial amount of ETH
                    = 20 / 10
                    = 2 ILV/ETH
     

   • After the exchange, the new price can be calculated by the ratio of the new ILV amount to the ETH amount, but it is generally easier to check the price directly on the trading interface.

As supply and demand change in the pool, token prices adjust automatically to reflect these changes.

It's a bit complex, but that's how the calculation works.

[candid kettle]

It's functioning, but it will be fully operational at launch, as profits will flow more consistently into the pool.

[timid jolt]

Thank you

Something i’m confused about is why the amount of sILV2 shown on etherscan doesn’t math up to the amount of ILV the maximum supply is reduced by. there’s only 158k of sILV2 but the estimated total on the staking stite indicates that there is expected to be about 1.5m ILV claimed as sILV2. do we know what is causing this discrepancy? @candid kettle

[timid jolt]

any ideas on what can be causing this discrepancy?

[cyan rampart]

sILV2 is burned when it gets spent. A bunch has been burned already.

[wispy sandal]

Hi I've been absent for awhile. What is the reasoning behind the ILV pool having so much more TVL than the ILV/ETH pool even though the latter has much better yield?

[cyan rampart]

Yield farming ended about a month ago, so lots of people have been swapping their liquidity positions to ILV only positions.

[wispy sandal]

Sorry but yield farming is referring to ?

The ilv/eth pool? But it seems I can still participate in it 🧐

[cyan rampart]

Yield farming was a 3 year program that started around when staking began. It basically incentivized stakers, with a focus on liquidity positions. That program has ended. So ILV/ETH positions no longer have superior yield, because there is no yield.

As of about a month ago, there is only revenue distribution. ILV is the only token eligible for revdis, and since ILV/ETH positions are only half ILV, many people have removed their liquidity and swapped it to ILV.

You can still stake ILV+ETH. It does still get revdis. But it doesn't get yield. And dollar for dollar it gets half the revdis that ILV only positions get.

[wispy sandal]

So the yield is 0% but the staking page displays 42.28% APR? Or am i missing something

[cyan rampart]

Oh, it shouldn't be. It's 0%. I thought that got fixed already.

[wispy sandal]

Ahhhh okay. in this case that makes much more sense

[cyan rampart]

It's still displaying the old value from before yield farming concluded I guess. Will raise it for the team to adjust.

[timid jolt]

Hi @cyan rampart thank you for the response. Pardon my ignorance, but wouldn't this mean that then if everyone chooses to claim their rewards as sILV2 we'd run out of tokens soon?

[cyan rampart]

Nope. 3 million tokens were allocated to yield farming. Those tokens were NOT minted, they only get minted when they are claimed. So depending what the staker depends to claim as, it decrements that 3M "tokens" pool by an appropriate amount.

Just to elaborate on that a bit more - If I had, for example, 10 pending rewards, I could claim those rewards as ILV or sILV2. If I choose sILV2, 10 sILV2 are minted. If I choose 10 ILV, 10 ILV are minted.

It's not drawing from the existing circulating supply.

[timid jolt]

But what about RevDis rewards? If stakers choose to claim those as sILV2?

RevDis isn't from the 3M allocation right?

[hazy token]

Revdis is ilv bought from the open market

high revdis payouts could imply a lot of buy pressure on the token basically

[timid jolt]

And stakers can onl get RevDis rewards in ILV? Not sILV2

[hazy token]

I think that's right, yeah

[wispy sandal]

Is it accurate that even if I choose to stake in the ILV pool for 3 months, the rewards will be subject to a 12-month vest. i.e 15 months until I can access these tokens?

[timid jolt]

That makes sense thank you

[hazy token]

It also could imply a lot of sell pressure from those receiving revdis 😅

[cyan rampart]

Revdis can't be claimed as sILV2. The mechanic is ETH revenue -> Swap for ILV -> Distribute ILV

Revdis as sILV2 is an idea that's been bandied around a few times, but has never moved forward. Personally, I'm not in favour of it. But to be super clear, the current status for revdis is that it's always ILV.

[cyan rampart]

It would be correct, except that yield farming ended about a month ago. The only incentive to stake now is revenue distribution, which is distributed as unlocked ILV tokens.

What you're saying was true while yield was active. Any yield rewards claimed as ILV were subject to 12 month vesting. It's also true for any pending rewards that get claimed now.

[wispy sandal]

Do I get my original tokens back after the 3 months then?

[cyan rampart]

Yeah, 12 month vesting only applied to rewards. The original staking deposit only has whatever lock period you selected when you staked.

[wispy sandal]

Thanks boss!

[charred ravine]

Hi @cyan rampart - any issues connecting wallets on the staking site? I have metamask unlocked but i cant get the window to pop up to connect

[cyan rampart]

Could be a browser issue, I believe Brave sometimes blocks pop-ups.

[charred ravine]

Ah okay, i am using brave. Let me check

[cyan rampart]

Great browser, but it's very militant about pop-ups 🙂

[charred ravine]

Got it, just needed to play with the settings a bit. Thanks!

[magic pebble]

i seemed to have made my SILV disappaear by trying to add funds to my passport

i can't figure out where my SILV went

[fading kettle]

Good to stake again for revdis? Or wait until launch

[candid kettle]

You don't need to restake; the tokens continue to receive revdis even after the lock period ends.

[fading kettle]

Ah, I mean I have some ILV that I want to stake. Asking if it's a good time to stake it

[ornate loom]

If you are in it for the revdis, then yes.

[gloomy gazelle]

What’s your address that the sILV2 used to be on? What chain was the sILV2 on?

[cedar crow]

I want to stake some ILVs from metamask to the ILV pool. The amount is correct and set for 12 months but it failed with a message showing can not estimate the gas, transaction may fail or may require manual gas limit. Need help,please.

[gloomy gazelle]

Probably need to use something like revoke.cash to change your approved token spend limit associated with the staking contract.

[timid plaza]

#🥩〕staking message. (REV DIS)

[candid hull]

when revids?

[candid kettle]

No date yet, but it's expected by the end of the month. The team is working to remove points earned by bots and similar issues.

[candid hull]

what do you mean points by bots?

[candid kettle]

Suspicious activities have been detected in some accounts, and the team is working to ban these accounts. This is taking longer than expected, but the scores for other players are increasing as these accounts are removed.

[noble nacelle]

Hello, lets say i staked ilv since 5months then i unstake them. The 6th month, rev dis occur. Will i have something for the 5 month i staked ? Or ilv have to be staked the day of the rev dis ?

I hope i am clear enough...

[chilly hound]

Will there be a way to track revenue from the game? Are the wallets already known?

[gloomy gazelle]

Yes. Check pins in here

[gloomy gazelle]

You need to be staked when the revdis occurs.

[gloomy gazelle]

As long as you do not withdraw your tokens from the VESTING page your tokens are still eligible to receive revdis.

[magic pebble]

it's solved now thank you tho ❤️

[chilly hound]

So the illuviudex wallet will be the same for the in-game purchases?

[strange violet]

Was revdis only for staking ILV or also ILV/ETH in the sushi pool?

[gloomy gazelle]

Both. But only for the ILV side of the SLP

[gloomy gazelle]

Yes it should be.

[chilly hound]

Thanks

[fair fiber]

hi team my staking period ended 2 days ago, I can see the ILV in my portfolio, but when I go to staking to take it again it shows my balance as 0 and I cant stake...any advice?

i cant see an option to unstake? where can i find it?

[candid kettle]

In the vesting tab, you can check which staked tokens can be withdrawn.

[fair fiber]

thanks guys appreciate) need that revdis big day today!)

[jovial vine]

why my stakin in the ilv\eth pool no longer generates rewards?

[torpid venture]

Do locked rewards count as a stake?

[strange violet]

Thanks!

[low slate]

What should I do to join the 200,000 ilv pool?

[merry blade]

No reply? 😂

[low slate]

I don't think so

[jovial vine]

I'm still in v1

@gloomy gazelle

ok I read rewards are finished, is there a way to withdraw several SLP deposits in one go?

@candid kettle

[candid kettle]

If they are in V2, they can be withdrawn together. In the vesting tab, you can select which ones you want to withdraw together.

[jovial vine]

I'm still in v1

[candid kettle]

So there's no way; they must be withdrawn individually.

[short fractal]

Does anyone know how to change my SLP back to ILV and ETH ?

Sorry it's the only case I've use a liquidity pool pairing, I'm a total noob with this

[timid jolt]

Gm, I have a quick dumb question

For RevDis, are fees taken also on sILV2 transactions? Or is it only in-game ETH transaction

@candid kettle @worn turtle

[hexed solar]

No revdis on sILV2, think of it like a coupon/gift voucher that some stakers opted to take instead of waiting for ILV rewards. It's not intended to circulate.

[swift wind]

Unstake first at illuvium, then visit the LP pool and withdraw 😃 prolly sushi swap

[oblique mural]

How is Illuvium not a security since it offers revenue distribution?

[trail river]

But why does it matter for stakers? It only affects the boards and scores in-games right? Even if it’s a bot, it can spend money (and later be banned), but the money still goes to the pool and distributed to the stakers, right? And I missing something?

[languid raft]

Hello, do I understand it correctly that 0x9989818ae063f715a857925e419ba4b65b793d99 address holds both trading fees on IMX and any sales of fuel for overworld?

[coarse stag]

Hi. I withdrew my SLP into SILV2 and it looks loike $120 worth SLP became $5 worth SILV2?

nvm had to go sushiswap

[gloomy gazelle]

Yes.

[gloomy gazelle]

This is pinned in here. #🥩〕staking message

[gloomy gazelle]

You should probably talk to someone else about this, not a public discord server.

[gloomy gazelle]

Yeah it’s not just a simple swap. You need to remove the liquidity.

[gloomy gazelle]

I think you mean the play to airdrop campaign. That has nothing to do with staking.

Locked tokens are staked. So are unlocked tokens. Any tokens in the VESTING tab are staked tokens.

[gloomy gazelle]

I was offline away from the internet for a long time. Slept a while too.

[low slate]

So what the roles exactly about the Airdrop campaign

Cuz I'm trying to figure out things but I can't get a whole picture about that I can't find any

[gloomy gazelle]

Basically play the game and complete the missions and milestones to earn points. I’ll find the article for you.

[low slate]

Yeah that will be helpful, will be much appreciated

[gloomy gazelle]

Daily, Weekly Tasks: Keep your gameplay dynamic with various missions, from casual to extreme difficulty.
Milestones: These long-term milestones award more points and even point multipliers.
Time-Limited Missions: The team will tailor time-limited missions to add variety and keep things exciting.

[gloomy gazelle]

This article and the others linked in it describe the missions and the points and how it works. But really it’s pretty straight forward. Do more missions. Get more points. More points than other players means you get more airdrop ILV than other players.

https://illuvium.io/news/transitioning-from-pre-season-1-to-pre-season-2-testnet

[low slate]

I'll give it a look now, Thx for the help 🤝

[analog garden]

The project team will announce the daily income for stakers？ and will redivs distribute tomorrow？

[gloomy gazelle]

I doubt the daily revenue will be announced. Revdis should happen sometime not long after there is 500eth collected in revenue.

[jovial vine]

hi when I whitdraw my SLP I chose silv2 rewards but I didn't receive anything

I got silv instead of silv2

[low slate]

About the open beta (mainnet) for playing illuvium zero do we get points for playing with free land? And is it the same as for the paid land or not?

[normal blaze]

Hey mate is there any point on still holding slp?

[craggy field]

You get yield based on volume in the sushi ILV pool.
And the ILV still gives revdis

[versed coral]

The only point would be if you still want to have some eth while not being forced to have another 12 month lock assuming your SLP has weight 2 and is unlocked. Many people have taken their SLP and restaked as only ILV for revdis

[normal blaze]

Staked it 3 years ago as of yesterday lol, been unlocked for quite some time. Probably gona get hit with impermanent loss right

[versed coral]

Yea it’s unlocked after 12 months if you staked for that duration.
I don’t know never really understood impermenant loss honestly. I just split my slp and restaked in full ILV and kept some eth on my wallet

[jovial vine]

when I whitdraw my SLP I chose silv2 rewards but I got silv instead of silv2 @gloomy gazelle @candid kettle

[pearl mauve]

Hello, I have a question
How can I add SLP contract to Metamask wallet?

I prefer to talk here

[hazy token]

yeah better not to DM people on these questions, keep it in the channel

!scam

[worthy lark]

DMs are scams

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

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

Support is not provided via DMs

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

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

[pearl mauve]

In sushi swap appears 2 pools

Which one I have to choose to remove?

[gloomy gazelle]

Good idea. That guy wanting to help in DMs is obviously a scammer.

[pearl mauve]

@gloomy gazelle can you help me? xd

[gloomy gazelle]

It’s the big one. The v2 pool.

[pearl mauve]

Ty

[gloomy gazelle]

[gloomy gazelle]

I assume you had an old v1 deposit. And you got both. Or you actually chose ILV and got some old sILV due to the old v1 contract doing whatever it must. Ignore the sILV. Look for the sILV2 in your wallet or the ILV in the vesting tab.

@void shell

REVDIS INFORMATION
Revenue Wallets:

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

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

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

[jovial vine]

yea is an old v1 deposit, i chose silv2 as reward but I only received silv I can send you the tx

[signal basin]

It looks like a few people have joined the SLP recently.

[hazy token]

It doesn't really make much sense to join the slp now, does it? I mean rewards are over and trading commissions are pretty low.

[signal basin]

I’m keeping mine in for now. It looks like 960 accounts currently

[fiery spire]

Now that staking rewards are over, does it matter for the revdis the lock duration of the stake?

[hazy token]

the weight matters in relation to how long your lock was. So a 2x weight is the highest which was from a 12-month lock

[cedar crow]

After deliquidity of the SLP , I restaked the ILV part into ILV pool. I am curious after the locked period ex:6 months, do I still have revdis for this ILV part?

[vocal sigil]

Am i the only one where my stakings is not producing atm?

and who are you? 😛

[trim prism]

When works the first revdis mechanism?

[languid raft]

Do we know how much revenue we made since launch on mainnet? Where can we track this?

[mint sluice]

Does anyone know when revenue distribution will start?

is the metamask account ok for the revenue distribution or does it need to be switched to an IMX wallet?

[craggy field]

Once 500 eth in sales have taken place.

[mint sluice]

anyway to track how much eth sales have taken place?

[craggy field]

There should be a wallet where all the eth goes to. I dont know the address maybe @gloomy gazelle can help

[plain void]

probably this one
https://immutascan.io/address/0x9989818ae063f715a857925e419ba4b65b793d99?chartTab=TradeVolume

[craggy field]

Wait what!? 243 eth qlready!? 😮

[plain void]

yes

if this is the right wallet)

[craggy field]

It is the immutable wallet
Not the passport-based wallet. Friend of mine saif it is this one:
0x2208850ea5569617d5350f8cf681031102c1d931

[craggy field]

https://immutascan.io/address/0x2208850ea5569617d5350f8cf681031102c1d931

So this one would be the one. I.e. 33 eth in eth paid in the first 48 hours 🙂

[broken hound]

Any idea when first revdis will be distributed and with what frequency?

[craggy field]

Revdis starts at 500 eth. Then every time 500 eth is available.

Currently we are at 240~ eth on Immutable wallet for all trading revenue for land etc. And we are at 33~ eth from in-game sales since 2 days ago.

So, when that combined hits 500, then the answer is "soon". And then we have to replenish that amount back up to 500 eth.

[void shell]

Thank you

[broken hound]

Thank you for that ample answer my friend. So at this rate it would be distributed every 1 month aprox, correct? 500 eth between staked tokens (any idea how many are staked currently?)

[craggy field]

I dont know the exact number of staked tokens. At the rate it would go now, yes you would have 500 eth per month ish.

I think it was previously mentioned that there are 5-6 million tokens staked. So my estimation would be 500eth/6M per token per month based on current numbers. Note; only second day 😄

[broken hound]

That would be 0,27$ish per token per month. Ok, just to get an idea. 🙏🏻

Yes, it just started. But I like to see those numbers evolving, hopefully north 😅

[craggy field]

Yeap!

[broken hound]

I’m also getting an idea on fuel sales, playing zero non stop 😵. Let’s say with what I have I couldn’t make a living off it but it is a welcome extra.

But like you mentioned, way too soon to really start crunching numbers. Let’s see a few months in

[craggy field]

Yep, gonna be cool to see how things progress!

[trim prism]

276 eth in arround 48 hours = 276 * 3276 $ = 904.176 $ = 18837 $ per Hour * 720 (Hours per Month ) = 13.562.640 = 2,26 $ per Token in Month = 27,12 % APR —- for 48 Hours 👍🏻

[plain void]

in fact, on the wallet that I sent above there were already 200-240 a long time ago. So the progression is incorrect

[trim prism]

Please give us the exact wallets

[plain void]

these wallets above are correct

it's just that 200-240 have been lying in the first wallet for a long time now

[full girder]

How can you participate. You need to stake the ILV tokens on the etherium chain?

[broken hound]

Yeah hope it will be this way someday but for now (33/2)*30 would be 495 eth a month. But it is a bit absurd to calculate on just 2 days being live. Lot of people on holiday, not aware etc. give it 2-3 months and we get the better picture

[mint sluice]

Thank you @craggy field for the explanation. Once the 500 eth gets reached and the revenue gets distributed how can we get that eth? metamask ok or do you need an immutable x account?

[carmine drum]

directly claim on the staking site

[versed coral]

And you’re not getting eth. You’re getting ILV to claim. Then you can decide to stake that as well for compounding revdis going forward

[timid lark]

Wait so there is no rewards anymore? I just added SLP staked for 6 months because it looked like the APY was still like 30-40% in ILV/ETH pool on Illuvium. Was that incorrect and I’ve just locked up ilv and eth for nothing????

[dense geode]

Looks like it, u will still receive revdis over the ilv part tho

[carmine drum]

What is the wallet address to check the revenue so far?

[cinder escarp]

You will still receive revdis over the ilv part but no yield rewards

[timid portal]

So there's no point in staking ILV/ETH SLP? It would be better to withdraw then stake as ILV?

[cinder escarp]

Currently yes, no extra benefit for slp AFAIK

[timid portal]

was there an announcement on this? I think I missed itr

[cinder escarp]

There was an announcement end of June I think that staking yield rewards had ended

[onyx flower]

Lol this needs to be fixed.

[hazy token]

yeah it'd be a good idea to take those APYs off the page

[languid raft]

Hi, would anyone know why doesnt the ETH transfered to the main wallet sum up to the ETH in the wallet? (Checking on immutascan)

ETH transferred in the past cca 4 hours is cca 74 ETH but the wallet balance says roughly 45 ETH

[native grotto]

Idg

[west shore]

Does anyone know how to go back from SLP into ETH and ILV?

[cyan rampart]

#🥩〕staking message

[west shore]

Have people found it worth it to stake their ILV for the 12 month lockup?

I'm not worried about needing my ILV during that time, but unsure if it's worth it at the current rates.

[steady hearth]

Lots of new youtubers covering Illuvium..go check them out, like and subcribe and comment if you like what they present. Yes, slow build.....

[gloomy gazelle]

Sure. I can take a look at the tx.

[gloomy gazelle]

So… the current apr is actually zero. Anything you get from staking from this point forward will only be from revenue distributions.

[gloomy gazelle]

What wallet are you talking about specifically?

[gloomy gazelle]

It’s pinned in this channel.

#🥩〕staking message

[west shore]

yeah, I'm fine with getting just revdivs

I guess if I'm doing nothing else with my ILV might as well

[hollow grove]

Hey everyone! Does anyone know why when I try to connect to my staking it says « failed to fetch » ? It’s been weeks now… thanks guys 🙌🏼

[gloomy gazelle]

Could be due to a regional block or using vpn

[hollow grove]

Oh yeah probably cause I’m overseas. Thanks 👍🏼

[fiery spire]

With 12 month lock you get weight 2x, so you get more RevDis per ILV than someone with only 1 month lock up. Someone correct me if I'm wrong

[foggy socket]

Can we follow somewhere how much there is collected for the revenue distribution? Or how it's gonna distributed at what ratio for ilv stake and when?

[modern jackal]

when I removed my SLP it showed it split it into ~ 13ILV / .25ETH but says there was an error under transactions and only the ETH showed up in my wallet. That's not how it's intended right? I should have received my 13ish ILV too ya? Do I take it up with sushi?

[pure eagle]

Yes, you should receive your ILV

Talk to the Sushi guys

[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.

[languid raft]

0x2208850ea5569617d5350f8cf681031102c1d931

https://immutascan.io/address/0x2208850ea5569617d5350f8cf681031102c1d931

I am checking here. Either the activity is wrong or the total balance is not showing correctly.

[marsh elbow]

You doing at mobile phone or pc?

[languid raft]

PC

[gloomy gazelle]

The two imx addresses in this pin hold the game revenue. #🥩〕staking message

There is not an easy way to determine how much revdis per dollar of revenue that each staked ILV will get.

The exact count of eligible ILV is not easy to determine. The revdis contract does not readily share that info.

The weight of each ILV is even harder to determine.

My general estimate is that there’s 6m ILV eligible for revdis. So there would need to be like $6m in revenue for there to be $1 in revdis for each ILV (this will vary depending on token weight).

[gloomy gazelle]

Are you counting the sILV2 transfers as if it were eth?

[gloomy gazelle]

That’s definitely weird.

Sushi does have a discord server. Probably a good place to find the right place to contact support.

Maybe twitter too. Not much help. Sorry. https://x.com/sushiswap?s=21&t=p1CJsdlT9FQTl67MJtiL_Q

Sushi.com (@SushiSwap) on X

A leading multi-chain DEX deployed on over 30 blockchains, featuring a unique cross-chain swap - SushiXSwap 🍣

Twitter

[mint sluice]

@gloomy gazelle where do you get the 6m ILV eligible for revdis estimate from?

[languid raft]

Yes, I have excluded sILV2

[untold drift]

Do stakers get fuel crate drops?

[candid kettle]

nop

[gloomy gazelle]

I count all the ILV that exists and then subtract the ILV that is not eligible.

And verify by counting the ILV in the eligible contracts.

[gloomy gazelle]

Revdis Info

I made this which may have some information and data sources on it that you could find useful. It’s not official data or anything though.

Updated around September 7, 2025

https://docs.google.com/spreadsheets/d/1zWGI27xSERWN4ZkTTvzJtxpfm9ZkvhLVbmiuCzUvmAs/edit

[mint sluice]

thank you for sharing @gloomy gazelle

[regal marten]

@cosmic turtle staking distributions happen every time 500 eth of revenue has been reached.

The top link here is the wallet where most revenue is sent to : #🥩〕staking message

[gloomy gazelle]

Did you see I added the fuel exchange wallet as well?

https://tenor.com/view/good-boy-pat-on-head-linus-tech-tips-ltt-linus-gif-25658979

[regal marten]

Excellent work, my boy! 😂
Higher than I has expected, glad to see it!

[sterile moon]

So you think is better to stake in ILV only or what you think??? I want to stake

[gloomy gazelle]

Any new deposits ought to be ILV only deposits.

[carmine drum]

is staking working normally these days?

[wintry halo]

Stakings only purpose rn is to receive revdis when it starts flowing. APY has stopped as far as I'm aware

[carmine drum]

I know

[gloomy gazelle]

I have not heard otherwise

[brisk surge]

Hi everyone I’m very new to this, I just staked just now but after I staked it said I need to upgrade to v2 pool have I just stuffed up

[cosmic turtle]

How many times has it been distributed since the game's release?

[regal marten]

Once afaik, during the first land sale.

[cosmic turtle]

After the game was officially released, there was no distribution then, right?

[timid jolt]

Hello! I have a quick question related to governance

I know that only Council members have voting rights on IIPs/ICCPs and that token holders + token stakers can discuss in the governance forums. But:

1. Where can one author an IIP/ICCP? Do I have to be a staker or can I be a holder for this?
2. Can anyone propose members for the IMC before elections through the Google Form? Do I have to be a staker or can I be a holder for this? Can I find this Google Form or is it made periodically available?
3. How can I prove I'm a holder/staker to get access to chat in the governance ideas forum?
   @worn turtle @gloomy gazelle

[regal marten]

That is 6 days ago now, but indeed, not yet!

[gloomy gazelle]

1. You can use #1020759212172775464 to create the earliest stages of a proposal
2. Seems like anyone has been able to nominate for elections. When the nomination period opens.
3. Use #🎫〕verify-asset to get the proper roles.

[gloomy gazelle]

Sounds like a simple error with the popup. Should be fine.

[timid jolt]

That makes sense. So the Google Form to propose for elections isn't available right now?

[timid jolt]

@gloomy gazelle

[gloomy gazelle]

Correct.

[frigid mural]

Hey, does anyone know roughly when rev dis will start or how frequent distribution is?

[craggy field]

Been answered at least 3x in the previous 100 messages.

[brisk surge]

Anyone save me the time of going through 100 messages and telling

[wintry halo]

Excuse my ignorance if I'm wrong, I don't keep up with token/staking stuff as much, but I believe it's when we hit 500 ETH, it gets turned into Revdis

[brisk surge]

What’s the difference between v1 and v2 staking if I stake now am in v2 pool

[wintry halo]

Yeah, V1 was just the really old staking system, it all swapedd to V2 like a year+ ago I think

[brisk surge]

Ahh ok just got confused cause I did stake but then it reminded me to upgrade to v2 but didn’t show me where to do it so assume I’m in v2?

[wintry halo]

If you cleared cache or cookies at some point, it'll just reprompt you, but yeah, you're very likely in V2 if you staked recently

[brisk surge]

Clear cache or cookies in chrome? will that do anything bad . I staked yesterday so will I be fine or is there anyway to check. Last question since I locked my stake in ilv pool. When to rewards and rev dis come. At the end of 12 months? Or no

[wintry halo]

No no, it won't do anything bad, it'll just give you those sort of pop ups again is all. Nothing to worry about

[brisk surge]

If it does give me those pop ups do I need to retake to upgrade ?

Re stake*

[wintry halo]

Nopee, unless you didn't do it in the first place, then you will need to migrate to V2 if it's a stake that was there from like 2 years ago

[brisk surge]

Ok so I just staked yesterday for 12 months so I’ll clear the cookies and cache and if the pop up doesn’t show then I’m in v2?. And how do I claim earnings/ rewards?. I can’t claim anything if I locked for 12 months right?

[wintry halo]

Oh, if you only staked it yesterday, you are absolutely fine
And you can claim rewards etc, but you can't remove that stake until the 12 month period is up

[brisk surge]

Ok perfect so I don’t need to clear the cache? and how often will rewards generate and when you claim them where do they go ?

[wintry halo]

Right now staking is used to get Revdis. APY stopped recently.
Everytime the DAO generates 500ETH in revenue, it will be used to buy ILV back from the open market, and given to stakers

[brisk surge]

Ok so what’s apy , and dao? And how often does it hit 500eth

[foggy socket]

What you guys think would be more profitable: stalen 25 ILV for revdis or buy a T2 land and gain for fuel profits?

[granite halo]

I personally cannot recommend staking ILV at this point and time. Most people who staked in the last bullrun, their biggest regret was staking for 10% APY and then their tokens dropping 80%.

With the current revenue in the game there won't be RevDis for another 2.5 years, and the game itself will shut down a year before that. I would suggest keeping as much ILV liquid as you can, so you can sell when needed.

[carmine drum]

FUD, revdis begins in couple weeks.

[granite halo]

Yeah. No.
Lelahel: Fuel revenues - last 24h

65.3 - 5.17/25 = 0.2eth/h
1650 - 115/25 = 4.6silv2/h

640$/h = 461k/m
5.6% of what the dao need to survive

[dusk monolith]

not enough revenue, not enough to distribute

[carmine drum]

#1267946020407480361 message

You guys must be missing this

[granite halo]

I can 1000000% guarantee you there will be an IIP passed very soon that says all possible revenue will go to the DAO until it becomes profitable. Better to save the game, than try and save ILV token price.

No point in 1 RevDis of 150 ETH, and then the game shuts down.

[carmine drum]

You know what to save the game? It's the demand to own your unique team, which relate to other game mode being developed.
Again, the game just goes live for 6 days, and the marketing strategy hasn't kicked in yet.

[steady trellis]

2 distributions are ready, then it’ll be once a month at the current 0.2eth/hour rate

[carmine drum]

We grow 1500 illuvial owner compared to yesterday, player base increase daily.

[steady trellis]

Ah ? I only see that on the stats, but nice if we grow 1500 player per day !!

[versed coral]

Its approved already 5 to 0

[granite halo]

What is? The 150 ETH cap?

[versed coral]

Yea

[granite halo]

I don't doubt it. What I am saying is that soon there will be another IIP that stops Rev dis until we are profitable.

[foggy socket]

Thanks, i invested mostly in the beginning when tokens had a value around 1000, so i’m still recovering after 2 years, but i’ve build op some liquid ILV. But not so sure about staking right now. And i love playing zero, but not sure how much you can earn with that in a later stage

[granite halo]

Same exact position as you. DCAing and still at a loss. Just hoping to break even some day.

[broken hound]

It does seem to start to flatline near the end. They need more marketing for people to know it exists

[steady hearth]

depending on your country and tax implications, you can often sell you high cost tokens and take a tax loss to offset other taxes and they rebuy ILV (some countries require a waiting period, others not at all).

[prime zealot]

How many plots do you have?

[foggy socket]

Just 1 tier 2 plot

[stark hedge]

what happen to the staking rewards?

im not getting any more reward for staking my ILV

[wintry halo]

Staking rewards in terms of APY have ended. Staking now provides you the ability to receive revenue distribution once it starts

Staking weights etc, still apply, and you will not need to re-stake if you are already staked

[broken hound]

Can you tell me where you can find the amount of unique owners?

[hearty quail]

hello
i am interested in your post
would u please explain me in detail

[gloomy gazelle]

What post are you actually interested in? IZI’s question or something further up?

[stark hedge]

MY TOKENS IS STAKED can i unstake my tokens and still get the revence fistribution?

[wintry halo]

No, you must be staked to receive revenue distribution

[keen gate]

I would stake. To get you money back on a T2 will take about 2 years (from Keiran on an AMA). DCAing down here will bring your cost average down alot and your upside is better compared to the T2.

[desert nexus]

When does revdis start distribution?

[gloomy gazelle]

When there’s enough to distribute. Either 500eth or whatever smaller amount the recent #1126838877429182506 gets approved

[desert nexus]

Thanks, what the wallet address?

[gloomy gazelle]

Pinned here. #🥩〕staking message

There’s two now really

[desert nexus]

Thanks

[keen gate]

@gloomy gazelle what is the difference between the first wallet and the second? Trading fees and sales revenue for the first, but wouldn't sales revenue include fuel? Confusing...

[gloomy gazelle]

No. It’s based on different contracts.

The fuel exchange is a new thing. And the eth (and sILV2) goes to this new address.

[keen gate]

Can you clarify what sales means for the first wallet? Sales of what? I get the fees on the Dex trades

[gloomy gazelle]

Beyond disks.

Anything that is not fuel.

[keen gate]

Merch, etc. gotcha

[gloomy gazelle]

Mostly old stuff I guess at this point. Since moving forward fuel will be used for most everything.

[gloomy gazelle]

Merch is not paid for on immutable x. So not that.

[keen gate]

ah, thats right, how about the app stores revenue, where will that get deposited?

[gloomy gazelle]

Not on imx either. Not sure yet as that has not occurred yet.

But certainly something on mainnet. Likely one of the DAO wallets pinned in #💰〕token

[keen gate]

It is accruing in some bank account linked to the app store accounts for the DAO, I'm sure there are plans to convert that to ILV and deposit somehow

[gloomy gazelle]

Would convert to eth. Then get swapped for ILV. Then run through the revdis contract for distribution

[small island]

is there an estimation for the RevDis that stakers currently earn ? given the numbers so far

[gloomy gazelle]

Should be around $1 per ILV staked for every $5m-$6m in revenue.

Because there’s 5m-6m ILV eligible to receive revdis.

[small island]

5B in upcoming revenue will give me then $1000 per ILV. Nice.

[gloomy gazelle]

Not $1000 per ILV. $1 per ILV. So maybe you mean $1000 in ILV because you have 1000 ILV staked.

[craggy field]

5B in revenue is a 5 with 9 zeroes. That would be 1000$ per ILV token.

[foggy socket]

Thanks for the advice!

[ancient ore]

has revenue distribution already begun? i am staked since 2021, and the only revenue i ever received was after the land sale, not a single digit rose since then - maybe my portion is just too small to see any digit rising. how is the status? can we see somewhere, how much revenue has been distributed already?

[dense geode]

The answer is no.
no revdis has been paid after the landsale.
should start as soon as we hit the threshold set.

[ancient ore]

thank you for this precise answer!! 🙂

and there is also no more "weighting" for locking for longer periods? if you chose 1month and dont unstake, you will continue getting revDis or not?

[dense geode]

No, the weight still applies.

[ancient ore]

sad that it is not being displayed on staking any more

[dense geode]

U can see it in the vesting tab, the weight of your stakes atleast

[ancient ore]

yeah i just see it, would have been nice to give this info by the time of staking but fine. it was like this when we staked years ago

[dense geode]

Your stakes will keep the weight even after they unlock btw. u dont need restake them.
they will keep the same value untill u withdraw the stake

[ancient ore]

thats what i already found out. but it didnt make sense for my SLP position any longer, as revDis only applies for the ILV portion, so i switched to single ILV staking now

as a feedback from my side to the team: please bring back the visualization of the multiplier when staking for longer periods @gloomy gazelle @wintry halo - many thanks!

[white cradle]

Did rewards for staking just stop? Or what's going on with that?

[ancient ore]

last epoch ended 30th of june yes

[dense geode]

Correct, revenue distribution will take over soon

[mental saddle]

Any idea why can’t I connect staking site to metamask? No popup….on the other computer it works fine…

[noble osprey]

not that soon

[dense geode]

sooner then u think

[noble osprey]

bro, we have less than 250eth since over 8 months, we need 500 to distribute

we need 500eth revenue monthly to distribute 1$ to every staked 1 ILV

holding ILV in staking is now unprofitable

thats why we dump

without revenue we are nothing

[dense geode]

Not true, go check iip’s, that we need 1 dollar per token to be self sufficient does not mean we wait with payment until we reach it

Ye threshold is most likely lowered to 150 eth.

[noble osprey]

I will repeat once again: without revenues, it is not profitable for stakers to hold ILV

[dense geode]

Okay great, but that has nothing to do with your original statement about 500eth.

[noble osprey]

illuvium does not have enough revenue to make it worth staking even at its current price

[dense geode]

Oh my god, why do I even talk.
Have a great day, bye

[noble osprey]

nope, because illuvium will distribute revenues until it collects 500 eth

[dense geode]

U are a clown nothing else

[noble osprey]

yes, bye < 3

[noble osprey]

no, I'm telling the truth

[dense geode]

No u are not https://discord.com/channels/760344898200666112/1267946020407480361

[noble osprey]

Current stakers are hoping that illuvium will quickly get 500 eth in revenue, do a buyback and distribute it to stakers, but it won't happen anytime soon. Do the math and do the math

[dense geode]

Yes true we launched a week ago, what do u expect. Clown behavior.

[noble osprey]

ok, but it doesn't change the fact that the 150 eth is definitely coming too slowly, what difference does it make whether it's 500 or 150, it's not profitable anyway

[noble osprey]

im here from the very beggining mate, i have all i in illuvium universe

just say what i see

[dense geode]

Ok 👌

[noble osprey]

look at your pfp and laugh then < 3

[dense geode]

Name a project that did more revenue in first week.

[noble osprey]

I'm sad to admit it, but ronin and axie

[dense geode]

Lies, axie launched in 2018 did hardly do any revenue until 2021

Just to compare, we have done 15x axie's first total monthly revenue in less then 2 weeks in just fuel sales.
only counting eth, not silv2 and not counting any other income, trading fee's, appstore, cosmetics.

Now if u have any more questions or want to leave me a message, u can find me in token chat.

[distant coral]

Is there somewhere we can see revenue up to date?

[gloomy gazelle]

Oh lol B. For billion. You right you right.

[gloomy gazelle]

https://tenor.com/view/oh-well-fine-ok-whoops-oops-gif-20212592

[small island]

its ok, not every can be a rockstar mathematician

[gloomy gazelle]

https://tenor.com/view/तीरचलाना-दिलपेवार-उदास-दिलटूटना-arrow-in-the-heart-gif-14975254

[fresh thunder]

@dense geode you are one brutally honest gud lad

Any other bullish things you can say about the games future for anyone reading? @dense geode

[vivid ruin]

So I just unstaked ilv/eth. how do I exange them for ilv and eth?

[dense geode]

No, just trying to counter pure lies and bullshit, I’m happy to admit I’m wrong when i am, but in this case.. it’s just spitting out complete nonsense over the project while in fact compared to other projects we have a insane start.

[fresh thunder]

Plus compared to other projects, ur here

[sturdy remnant]

why did I stake ILV and not got any revenue ILV rewards?

[dense geode]

No revenue has been paid yet, that’s why

[noble osprey]

there were RevDis once before, but they were so bad that I don't even cry about the current ones

the revenue which you showed, its FEx, Fuel Exchange wallet, and this "revenue" goes to landowners when they start selling fuels... so why you call it "revenue"?

revenue comes through trade volume, which is currently at an INSUFFICIENT LEVEL to cover the profitability of holding ILV in staking. ATM

[dense geode]

U don’t know what u talking about bro, go read some more

[gloomy gazelle]

The revenue on imx network is in the two wallets saved in this pinned message.

#🥩〕staking message

[gloomy gazelle]

Pinned here. #🥩〕staking message

[gloomy gazelle]

This is not accurate. Revenue does NOT come only from trade volume.

Land owners would only ever get 5% of the fuel sales.

How the current eth in that FEX wallet will be distributed to land owners will be by using that eth to buy back fuel (this is o ly because the land owners didn’t have the fuel to be able to list their fuel so the prices for fuel have started at the top rail). The land owners will have been the ones to supply 5% of that fuel. The DAO (illuvium) would have supply 95% of that fuel.

There’s been a few governance proposals about this stuff. It’s a bit complicated.

[celest cosmos]

I have a few ILV staked since the beginning. What I can do with them now?

[radiant field]

Hey is something wrong with the staking UI? All my vesting ILV appears to be gone 🤨

Also there are no staking pools visible

Nevermind, reconnected my wallet and now it's there

[fierce totem]

Since yields have stopped; could someone kindly explain the benefit (or pros and cons) of staking into the ILV/ETH pool

[steady hearth]

none that I know of..except maybe a hedge against ILV falling...but you also have slippage to worry about

[fierce totem]

Thank you

[gloomy gazelle]

Leave them in the vesting tab so they’ll be eligible for revdis and for DAO elections.

Withdraw them and do with them whatever you wish.

Thats it really.

[karmic beacon]

hi Team, scrolling the discord and cant find the offical links to the contacts, please assist

[gloomy gazelle]

What contracts exactly?

?token

[worthy lark]

Token Address

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

[karmic beacon]

land

[gloomy gazelle]

Should be in #🔗〕helpful-links

[karmic beacon]

thats it, dont know why i couldnt find it. cheers

[gloomy gazelle]

That’s a rare request.

The land nft contract can be found on immutascan. Its the same contract used on ethereum mainnet as well (but only 64 are on mainnet at the moment)

[paper trellis]

Dumb question, once the staked ILV has finished it's vested period say 12 months. Once this 12 months is up, one can withdraw the Staked ILV. If one does not withdraw it, do you still earn any further rewards. Or do you need to withdraw and restake to continue to earn rewards. thanks

[hidden current]

hey there are no further staking rewards now. But if you leave it staked you will be eligible for the revenue distribution. So no need to withdraw and restake

[paper trellis]

Does the vesting period makes any difference, thanks

[hidden current]

no. if you staked initially for 12 months you still have the maximum weighting

[broken hound]

If you leave them your weight is x2 so you will get maximum revdis. But there are no more interests like before. Anyway revdis should give you more benefits. Too bad the market is crap right now but just save up your eth until next bull run … whenever that might be

[paper trellis]

Good morning When you claimed your rewards or buy some more ILV one would need to stake to start getting redist benefit or does one just need to hold in their wallet? Cheers

[broken hound]

You need to stake it and even after a year if you want to continue receiving revdis it needs to stay staked

[junior cargo]

is the SLP (ETH/ILV) pool still live? is this finishing soon or should i just leave it staked as is

[pure eagle]

It is still there but YF rewards are over as of June 30th....Now if you leave it youget RevDis from the ILV part of the SLP

[junior cargo]

i see, but it makes sense to withdraw and put the ETH part of the SLP to work somewhere else right? and then restake the ILV ?

[paper trellis]

What if you stake it for say 3months instead of 1 year

[broken hound]

Then you get less revdis than someone who would stake a year. I reckon you get 125% instead of 200%

[paper trellis]

Understand and thank you

[gloomy gazelle]

If you plan to leave your ILV locked up for another 12 months anyways… yes. It’s not gonna make a significant difference to how much revdis you could get

[warm knoll]

could be a good timing to leave SLP if we wanna maximize ilv from liquidity. Basically atl ilv/eth ratio

will keep my ETH part though. In case we see nice dip again

[marsh tartan]

hey guys i have no pending rewards for my staked illuvium did i miss something?

[hazy token]

there haven't been any apy awards since end of June iirc. If you had claimed those, then no, there aren't any more to collect until revdis kicks in

[marsh tartan]

ok great thanks

[bold kindle]

Hi guys!! Is Illuvium staking still a thing right now? Are my staked SLP collecting any rewards at this moment? Thanks!!

[wintry halo]

Staking APY has ended. The benefit of staking now is that you are eligible to receive revenue distribution for your ILV portions of the stake

[bold kindle]

Ohh ok... So if I see that I have a ton of SLP that says "Withdraw" next to it, should I withdraw it and re-stake it in the ILV pool to get the full benefit of ILV, as opposed to just half the benefit of ILV + ETH? Thanks!!

[wintry halo]

That's up to you, and when you wish too due to impermanenet loss and all those scary/funky factors. But if you are aiming to capture Revenue distribution, I would reccomend going into the full ILV pool when you are comfortable withdrawing.

Not financial advise though, but that is how you will capture the most rev dis, ye

[bold kindle]

Ah but simply withdrawing wouldn't trigger the impermanent loss though right?

[wintry halo]

Not until you sell, no. But you would need to sell I am assuming, to get your ETH side back into ILV if you chose too. If you just want the ILV side, then yeah, that can be withdrawn and just put into the correct ILV pool

[visual pine]

my SLP just finished vesting, is there a point to leave it unwithdraw or no?

[gloomy gazelle]

If you leave it in the vesting tab the ILV half will remain eligible for revdis and for ILV DAO elections.

[broken hound]

Does anyone know how the revdis wallet is evolving? How much is made a day?

[hazy token]

there are a couple of wallets we have been following which currently total almost 350 eth

[silk copper]

MY STAKE IS disappear

[broken hound]

can you share the address(es) please?

350 eth since open beta launch or in total?

that seems kind of meager. Can we see active players somewhere?

[hazy token]

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

[broken hound]

I wonder if that is growing or stagnant

[hazy token]

https://immutascan.io/address/0x2208850ea5569617d5350f8cf681031102c1d931?tab=0

[broken hound]

and why are there 2?

[silk copper]

@wintry halo

[candid hull]

when revides?

[cinder escarp]

When we are above the 500 eth threshold

[wintry halo]

Should actually be 150ETH now I believe 👀

Not sure when/if it's getting sent though

[hazy token]

So has this been approved to start ‘at some moment in the relatively near future’?

[dense geode]

It makes sense to lock in the revenue from this month, and start it next month no?

[wintry halo]

Yea, haven't had my attention on this one too much tbf; just been grindin the game and land assuming revdis would happen eventually.
Not sure if this needs to go to Main council or anything or waht the case is to be completely honest; but either way, it's very likely 150ETH moving forward

guess it's just more about 'when' does that start being distributed, cos we are over 150 atm I believe

[cyan rampart]

Yeah, revdis mechanisms mean that we won't know exactly when revdis buybacks will start, but it's been approved on the council side, so it could be any time now.

[cinder escarp]

Oh wow didn't know that

[hazy token]

Thanks 👌

[gloomy gazelle]

Check the pins.

[gloomy gazelle]

It should be in the vesting tab.

What’s your wallet address? I could see check to see what happened on chain.

?scam

[worthy lark]

DMs are scams

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

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

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

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

[warm knoll]

Do you know while unstaking SLP in V1 on top of my SLP i get some old silv1 as reward?

can't unstake all at once on V1 contract as well. forgot about that

[warm knoll]

looks like weird reward bug. Got only this on my first unstake though

[warm knoll]

shouldn't it mean i should have silv2/ilv rewards instead of that old silv1 ? (only 1.5 but still :D)

[warm knoll]

any mod on that ? can send tx

[cyan rampart]

Yeah - If a deposit was in the V1 staking contract, it was set up in a way where it HAD to give you rewards. When you migrated to V2, you essentially gave the V2 contract permission to read the old V1 stake, and give you rewards accordingly. But the V1 contract still has to emit something to you when you withdrew from it, so it gives you sILV. You can just ignore it, it's in addition to your real rewards.

[warm knoll]

So that Silv1 rewards was already claim from V2 at some point ? I'm not missing it somehow.

[cyan rampart]

All your proper V2 rewards are tracked on the website. The V1 contract just additionally spits out some sILV when you're withdrawing from it, because of the way it was set up.

[warm knoll]

k thanks for the info !

[molten latch]

in short and clear words, can someone break it down what revdis is? renue distribution? or what was it

[wintry halo]

It will be triggered as a ILV buy on the open market, when we hit 150ETH in revenue. This has already been met I believe, so it's just a case of waiting for the team to initiate the buyback - going forward it'll be triggered everytime we re-coup another 150ETH
I think the team wanted to automate this system, but for now it has to all be done manually, but it could be sent anytime now, technically

Oh sorry, you are asking WHAT it is

I thought you said when it is

Revenue distribution is basically Illuvium buying ILV on the open market, and distributing that back to the stakers of the protocol. Since APY has stopped from staking, revenue distribution takes over.

But yea, every 150ETH triggers a buy back, and that is given to the stakers. If we have crazy good revenue months, it just means more of them! 🙂

[molten latch]

oh wow, now i get it, thanks as always, i think ima stake some

but definitely will watch some videos about this first about staking and everything

[gloomy gazelle]

The sILV you got is just an old requirement of the v1 contracts that could not really be changed (technically it could have been changed but leaving it to mint the old sILV makes the claim cost less gas). Just ignore the sILV.

?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

[loud flume]

what is the estimated return for each ILV right now ?

[gloomy gazelle]

There is not such an estimate right now.

[mint sluice]

One of the wallets mentioned in the above conversations that are holding the revenue elements just had a withdrawal. Does anyone know if that is part of the revenue distribution process?

249 eth withdrawal one hour ago

and i just saw 99 eth withdrawal from the other

[hazy token]

we have just commented on this is #💰〕token . Both wallets have seen withdrawals

could be revdis movements, but 🤷

[mint sluice]

Thank you @hazy token . is there a process to get a formal confirmation from someone?

[hazy token]

I believe not. Just really a question of obsessively refreshing your staking dashboard 😝

[trail river]

Hi. Does ILV staked SLP tokens still has a multiplier/boost compared to ILV staked in the single ILV pool, right, even for the revdis?

[hazy token]

Slp will only see the ilv half have revdis.

The multiplier depends how long you stake for in either pool

[gloomy gazelle]

There will not be a formal confirmation. Well, at least I would Not expect an announcement until revdis has actually been processed through the revdis contract to stakers.

[gloomy gazelle]

SLP never had a multiplier for revdis. And will not.

[hazy token]

Wasn't there also the 2x weight on revdis in the SLP if you staked for 12mths? Just applying to the ILV half, that is

[gloomy gazelle]

Yes the deposit weight. But not the pool weight. Which is what he was referring to, The multiplier compared to the ILV deposits.

[hazy token]

Ok 👌

[left shore]

Is there a known issue with the fact that on the staking website, it doesn't connect with my MM anymore

[broken hound]

The revdis wallets which helt 249 and 108 eth are now pretty much empty. I think the amount was dropped from 500 eth to 150 eth for distribution.... so I gather 2 are being prepared?

although the balance would be 357. If 2 times 150 revdis, where did the rest go? wallets are basically empty now

[left shore]

@gloomy gazelle

[broken hound]

I have just tried mine and it works like before

[left shore]

weird, my metamask is unlocked and it just wont connect to staking site

[trail river]

Well, it’s being a long time now, but I though I had experience in past that the SLP pool had a higher pool weight, compared to the ILV pool (excluding the deposit time lock weight), just in order to incentivize building liquidity. Otherwise, people could just just buy ILV and stake on ILV pool. What would be the advantages of staking on the SLP pool, if the weight is the same? What am I missing?

[dark depot]

curious

Is ILV considered a security? I am just wondering

looks like it fits these?

with revenue distribution and the way ILV is doing it Is it consider a security in investment

[broken hound]

Well, no expert on this but I think most crypto could be considered securities. Including ethereum. And yet they won that case so who knows.

[dark depot]

yeah.. I am just asking because I am trying to understand

I mean I am no expert, so I don't want to be pulled into the principles office by gary gangster

[granite spindle]

If you don’t go to school, you can’t get pulled into the principals office 🫠

[dark depot]

Okay great

[pure eagle]

That is not true.....all 4 criterias of the Howey test should be met for it to be considered a security. Decentralization challenges one of those.

[pure eagle]

Enough decentralization challenges one of the criteria of the Howey test, if all are not true then the asset in question is not considered a security

[dark depot]

How is illuvium decentralized. Because everyone owns a piece of it?

[gloomy gazelle]

The staking page does not?

Looks fine to me

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

[gloomy gazelle]

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

[ancient ore]

where can i see how many vILV i have?

[pure eagle]

Effort of others

[tough shoal]

i keep getting this error when trying to stake tokens. any advice please

[pure eagle]

clear cookies and cache or use a different browser

If you are using a VPN please turn it off

try this and let me know

[tough shoal]

i tried clearing cookies and cache. i dont use a VPN, no luck, same result

Im using a hardware wallet through metamask. I dont really want to set it all up on another browser if i can help that

[pure eagle]

check the gas limit on your MM wallet and hike it up......but I've seen this error usually gets fixed by web browser change if cookies and cache are already cleared

[dark depot]

everytime I hear cookies I think of cookie monster. so weird technology use that term LOL too cute.

[faint shale]

what is the "revdis" wallet address?
Can you please copy here ?

[visual salmon]

Hi, if I block ILV, will I receive ILVs from airdrop? Thanks for your reply

[pure eagle]

You will receive revenue distribution for locked ILV tokens. For the Airdrop you need to play the game and complete missions

[visual salmon]

Ty, but, you have... any idea of annual or monthly profit for 1, 10, or 100 ilv?

[pure eagle]

That will depend on the revenue.....The game went live a bit over 2 weeks ago I can answer that after the 1st distribution

[molten latch]

can i start staking noe and get anything out of it?

[wintry halo]

You won't get any additional benefits until the revdis is sent; however, if you aren't already staked when it's sent, you will miss it. So you will need to be staked BEFORE they send the payment

so up to you if you wanna risk waiting I guess

[molten latch]

how long does the revdis take?

[wintry halo]

Triggers every 150ETH, and is sent by the team each time we hit that revenue. Since this is the first one there's no time specifically for when its gonna be sent, I assume they are sorting the backend out to do so.
However, it could be anytime now, since we have hit the 150ETH already as far as I know

There was also mentions of the wallet being emptied of ETH, so it could be that they are getting ready to send the first lot through soon; but that's just speculation

[molten latch]

is there a tracker? to know hom many weve hit?

[wintry halo]

#🥩〕staking message

[molten latch]

by sending? what do they send? ILV?

[wintry halo]

They use the ETH to buy ILV off the market, and then it gets sent to people who are staked

[molten latch]

does it affect how much u stake?

or for how long?

[lusty pecan]

Yes the longer you stake the more you get

[molten latch]

so its not how much?

[wintry halo]

If you stake more, you get a bigger portion ye.
And if you lock up for longer with more 'weight', then you will be eligible for a higher weight.

[lusty pecan]

Also this

[wintry halo]

So if you stake your ILV for 12 months, you will get twice as much than the guy who staked for 1 month

[molten latch]

yea i understand nothing, ima go watch stuff about this, if there is content.

[lusty pecan]

https://youtu.be/aeT3rBfmeRU?si=tM5tU3ZKV7Z6rrKx

[molten latch]

thank you so much, 🦦

[wintry halo]

Nijafe always coming in clutch

[gloomy gazelle]

@pure eagle @tough shoal The issue is that the token spend limit has been reached. Use revoke.cash to revoke the ILV token spend for the staking contract. Then the staking contract will ask for a new limit.

[gloomy gazelle]

Check this pin #🥩〕staking message

[gloomy gazelle]

Exactly. Now there is no added reason to stake SLP instead of ILV.

[tough shoal]

ahh makes sense! thanks peli

[pure eagle]

https://media.giphy.com/media/aAOOqnxDj2i59PdLZn/giphy.gif

[trail river]

This is not good. The team must keep incentivizing liquidity builders. The multiplier for staked LSP must be kept, or sometime similar, don’t you agree? This is called PIL (Protocol Incentivized Liquidity) and it’s very important for the long term health of the system and the coin.

[gloomy gazelle]

I’m not really worried about it. The council will deal with it if needed. The 3 years of yield farming is over.

[trail river]

We should. At least for the future.

I am not taking about yield farming. The raw concept of Yield farming involves coin circulation’s inflation. PIL is about using protocol revenue to incentivize liquidity. It’s similar, but different.

If there is no incentive to provide liquidity (or if the incentives are only the trading fees from DEXs), we may risk the coin to have low liquidity and suffer from huge price slippages.

At least for the future we must consider some PIL strategy

[gloomy gazelle]

It is considered but it is not yet been deemed a necessity.

[carmine drum]

it goes to Fundraise address, not sure what that means 🤔

[gloomy gazelle]

lol Arkham can’t even spell Illuvium correctly.

It’s one of the DAO multisigs. This address contains the safety pool and pretty much all the other DAO funds that aren’t ILV.

[stuck skiff]

Hi All. how do you see the claimed ILV reward amount on etherscan??

@gloomy gazelle

[gloomy gazelle]

That is beyond my skills to read. I believe it has something to do with the logs.

[stuck skiff]

Or a history of claimed rewards on the ILV website where they’ve been withdrawn and can no longer see them

[gloomy gazelle]

staking.illuvium.io/dashboard

It’s not a lot of info about past withdrawals.

You’d have to use etherscan for that.

The vesting tab has the current tokens in the staking protocol.

[gloomy gazelle]

I did make this simple filter on etherscan awhile back.

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

If you filter the FROM column by your address you can see a lot of txs there.

Hmm… I may have forgotten how to use the filters properly. You might be able to figure it out anyways.

Oh and change to filter option between FROM and TO to say AND (not the current set up of OR). Then it will list all of your wallet’s related staking txs.

[stuck skiff]

Thanks jesse will try that

[deep pecan]

anyone else having trouble connecting there mm to the staking site ?

[worn palm]

Not connection issues but my balance keeps dropping to $0 (no transaction so I'm not concerned 😅). Guess it's a UI issue

[deep pecan]

maybe they are doing some updates

its the first time ive had a problem

[worn palm]

Maybe the 1 ETH test revealed an issue they're trying to fix

[deep pecan]

Hope so

[cosmic turtle]

I invested 1250 illuvium and it generated me only 0.38 cents, is that right?

[deep pecan]

looks about right

[cosmic turtle]

The staking have already been released, have they already completed the 500 eth? Because I didn't receive anything

[mint sluice]

@deep pecan do you mind sharing your math on why you believe 1250 ILV's adds up to 0.38 cents revenue distribution? thx

[deep pecan]

It looks like they have done a 1 eth distribution test and theres between 5-6 mill staked so devide 1 eth by 5-6 mill and then times by 1250

[cosmic turtle]

I'm telling you what happened, I have 1200 ilv in staking 50 thousand dollars, but in the distribution account there are only 38 cents

[deep pecan]

i believe they have about 348 eth to be distributed atm so times that amount by 348 which will give you a very rough calculation

[north orbit]

Please avoid repeatedly spamming survival missions, as this can lead to encountering Error Code 500, which may lock you out of your account. Currently, the developers have not provided a solution for this issue. Consider this a cautionary note: proceed with survival and arena modes at your own discretion.

[deep pecan]

give them time to give out the full amount and announce that it has been done then if not happy send a support ticket

i cant even connect my wallet so atm i dont have anything to complain about 😦

[hazy token]

Be careful announcing how much ilv you own and watch out for scammers DMing you

[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.

[mild shell]

did you find a fix for this?

[deep pecan]

no not yet

[mild shell]

manually connecting with metamask didnt fix it either

[deep pecan]

no

you have the same problem ? ive tried connecting token trove but same problem

[mild shell]

yup

[deep pecan]

can connect with passport nps

[mild shell]

same here

[deep pecan]

im guessing its their end i can connect to uniswop etc nps

[mild shell]

any updates?

[cosmic turtle]

Almost nothing, it's not just worth staking then, I thought I would take something 2k dollars

What is the staking portfolio?