🥩〕staking

[gloomy gazelle]

https://tenor.com/view/bow-bowing-bowemoji-gif-5632989

[coral umbra]

https://gfycat.com/scratchyelatedivorybackedwoodswallow

[eager rover]

Yessssss

[strong wharf]

boffin wise inguuuu

[drifting shell]

Ngl, I would love another massive ILV crash

😂

So I can get more

[strong wharf]

my bags are loaded

[winter acorn]

Same here and will add to my big bag 🚀 to make a bigger bag

[drifting shell]

Always the bigger bag

[sonic wolf]

Hey guys

is it possible to request features for staking app?

Inside the Vesting tab

can we get 2 fields that can show average APY % across all the vesting rewards, that we generating, for both ILV and SUSHI LP rewards, please?

[exotic igloo]

@hexed bough

[sonic wolf]

this way we can have a way to assess for how long to lock

lets say if we buy more ILV

so we can see for how long we can lock it, according to each person's risk profile

[exotic igloo]

Claiming time at 9 gwei

[candid plover]

I caught it at like 6 gwei. Solid.

[sonic lily]

Hey staking SNX will give you ILV rewards and will vest for 12 month ? Is it worth to stake SNX ?

[exotic igloo]

There is 2 days left I believe.

If you already have SNX not staked somewhere it is a good option yes

[tribal roost]

does anyone know how long they think ilv will stay this high?

[hard needle]

Hey, I can't see how to remove SNX from the flash pool? What am I missing?

[winter acorn]

For real, looks like it's not stopping 🤗

🙌 yaay

[wraith heart]

Hey guys - on the medium article ILV/ETH is possible to stake. However on the webiste only Sushi/ILV is present??

oh yeah sorry i am confused.

Thanks!

[tribal roost]

how does ilv work, i heard they have a system to stop bots from buy volatile dips?

[woven ibex]

Governance:
Together, we have the power to shape the future of Illuvium through our community collaboration on game improvement proposals as well as electing the initial model of governance, the Illuvinati Council.

Liquidity Mining:
Here, you will gain more ILV. This will increase your voting power in governance & increase your share of vault distributions.

Vault Distributions:
When you stake ILV, you share in Illuvium's success and earn a passive income of additional ILV, funded through in-game purchases and fees. Vault distributions will only be available once the game and Illuvidex are launched.

For further details read: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[tribal roost]

thank you so much @livid lark

what are the values along the bottom of the graph meant to represent? is it days, months?

[exotic igloo]

Fortnite

[wraith heart]

Sorry to bother again but does this have to be a whole number? Whenever I click stake it doesnt work and tells me to 'please enter an amount' when I have?

[exotic igloo]

Remove decimals

Needs to be 16 decimals max and looks like you have 19

[wraith heart]

Brilliant thanks!

[exotic igloo]

https://tenor.com/view/the-big-short-jacked-jacked-to-the-tits-gif-20860308

[coral umbra]

https://tenor.com/view/nipples-rub-pleasure-gif-13690623

[brisk surge]

Lol, 107

I'm in a hot tub. Come join

[opal elm]

Go to vesting. You can withdraw from there. The rewards will be locked for 12 months though.

[elder pasture]

@wraith heart I had exactly the same right now when I was adding a little bit to my position. Just delete some of those useless digits at the end and should work. Probably some rounding error.

[dusky rock]

We totally ignored Your pullback 😉

[hexed bough]

I'll add this to the list of requested metrics mate, thanks for asking. Improving vesting and dashboard pages is the main priority so we will defo consider this and get back in due course. Any other suggestions or feedbacks specially in this regard are always welcome too

[gaunt mist]

so remember how y'all were running to claim your ILV?

I was like bro relax, you can claim whenever... now I am staring at several claims of 360 sumt'n days and I'm like riiiigghhhttt.... now I get it

[golden sable]

Guys a question, every time I claim there is a new row added to vested page, does it mean that after 1+ year we will have to claim each rewards row invidually? Paying gas fees on each one or how is it gonna work?

Not sure how often should I claim in such case

[fading nexus]

Ok, I am trying to stake my ILV, but for some reason I can only see my ILV in the ILV pool and not in the ILV/ETH pool although I have enough eth and ofcorse some ILV, What am I missing? Does anybody know?

@livid lark Can you help maybe? I am trying through my mobile metamask btw. I've looked through the medium articles, but I am probaly missing something....

[uneven laurel]

did you go to sushiswap and stake your ILV/ETH first?

you need the LP tokens

[manic spindle]

If you want to stake in the Liquidity Pool you need to get SLP first on sushiswap.

[fading nexus]

Ah, I thought just to go to the website and it automaticly did that for me... So I have to add the liquidity in ILV and Eth sushi pool and then go back to the website and click pool?

[manic spindle]

When you provide liquidity on sushiswap you get LP tokens and those are the ones you need to stake on the ILV staking site, yes.

[fading nexus]

Ah thank you very much.

you are very helpfull!

[golden sable]

Guys a question, every time I claim there is a new row added to vested page, does it mean that after 1+ year we will have to claim each rewards row invidually? Paying gas fees on each one or how is it gonna work?
@livid lark @manic spindle

[golden sable]

Any way to know how much gas will be used for that?

[coral umbra]

ILV price less $10

[mental tangle]

It honestly looks made up. That's why I questioned it last time lol.

It's like some kind of glorious dream we're all having together

I suppose so 😅
I'm usually on the bag holder ATH end of crypto

[strong wharf]

haha

@mental tangle I will tell you

I've been in crypto since 2015 and I have never been so sure of a project than ILV

you're in for a ride 😄

[mental tangle]

I felt that way too but I can't be trusted. Obviously. Nice to hear from other people as well.
Makes me feel better for liquidating half my TFSA stocks and getting into ILV
It may not be as much as others but I'm really happy/excited so far

Hoping to get more involved and help see this thing grow.
Only regret is not finding it sooner and locking $$$ into other crypto like a week before finding ILV

[gaunt mist]

Oh wise one, do you happen to have a week chart?

whuuuuuuut

Hmmm, we are outperforming ETH right now... it looks on the rosy end

But, having seen this I am definitely waiting on a pullback. If the 100 is broken, I can then safely buy-in around 100 value.

Though judging from the daily we should be good... I just like to see a retest there instead of greenopalooza

[manic spindle]

Yeah, I don't trust the $100+ as permanent just yet either but there might be a chance we don't go below anymore. Lots of things that could pump further still available (BTC grows, gameplay footage, crypto influencers, overall Axie hype, ...) There will be a pullback for sure, I'm just not sure if that's gonna have us go down below $100 anymore.

[queen horizon]

I think we will go down a bit. Beta launch is still quite a bit away

But thats giving me the chance to accumulate more

[strong wharf]

think so too

[queen horizon]

When the game launches there will be massive hype

Especially with all the influencers promoting

[strong wharf]

agreed

especially if people see the illuvium gamers making $$$

[queen horizon]

Thats such a big factor

How could regular games ever compete with that

ususally they try to rip you off

students will go crazy on Illuvium. Imagine you could earn only 100 USD playing games that are super fun when you were young

lol

If you capture the youth you capture the whole market

[strong wharf]

exactly

[queen horizon]

So excited for how that plays out

parents also wont have any arguments against their kids playing games if they make money lol

[golden sable]

oh no, im not asking about what gas price will be in 1 year, but what are the estimates for gas costs of claiming vested rewards based on smart contract claiming function complexity, but thx anyway 🙂

[whole saffron]

Will these rewards be will be separately claimed ? Or if all of there are available for unlocks, it can be a single claim?

[rustic imp]

Do I have to claim ILV rewards for them to compound or is it done automatically?

[whole saffron]

i hope so

it would be a drag to claim many rewards

well we'll know in 1 year

[coarse harbor]

where'd you pull the usd/t chart from. can only see weth on tradingview?

legend, thanks!
seen people post dextools.io links though never bothered to check it out :/

[frosty vine]

How often are people claiming their rewards and putting them for vesting?

Its a bit crowded once you have claimed a few times as they all have different vesting periods

[manic furnace]

Hi everyone, I'm new here and just wanted to ask, what was the difference between ILV and Shushi LP when staking, besides the APY? Thanks in advance.

[eager ermine]

if you move to sILV does it sill accrue APY ?

[eager ermine]

you take on IL with Sushi LP with ETH/ILV pair

or i should say potential for IL

[manic furnace]

Great thanks for that.

[final steppe]

Yeah it can get crowded when viewing it that way... but it seems many are claiming ILV frequently (whenever gas is cheap and it makes sense to claim) so that they can compound and farm more yield with their vested rewards.

HOW frequent is up to each individual and likely depends on how much they have staked.

[final steppe]

No, yield farming will only occur with ILV and when claimed, the ILV rewards are vested and locked for a year which gives you that APY.
sILV is not vested and is unlocked and it's only use is to be currency spent in the game after it is launched.
So while ETH will be the in-game currency, those who claim sILV from staking can spend that instead 🙂

[eager ermine]

Yep, understood that it could be used in game and not locked but didnt know if it was still eligible for rewards until the game officially launches

thx

[eager ermine]

where does the sushi reward go when you claim rewards on the LP?

[coral umbra]

vesting

[eager ermine]

i mean the sushi you get per day by providing liquidity

[fallow minnow]

Hi, If I unstake the ILV that I currently have staked will I lose any of my pending rewards?

[final steppe]

Hey 🙂 If you are staking your SLP on the Illuvium site to get ILV rewards, there will be no Sushi rewards.
The SLP must be staked on the Sushi site in order to get SUSHI rewards (and in that case, no ILV rewards)

[eager ermine]

Cool thanks!

[dim locust]

Does anybody understand the staking rewards schedule. #28 in Q&A says "A total of 3 million $ILV tokens will be distributed over a three year period." The tokenomics chart in the white paper shows a gradual increase of staking rewards and on the X axis it has 20,40,60,80, but what do these numbers represent over time? Probably % of rewards distributed. But where are we in that timeline?

[uneven laurel]

are you referring to this?

the staking rewards have gradual decrease, not increase

[misty karma]

It's per fortnight on the bars right?

yeah nm

I'm dumb and figured out how to read

[dim locust]

Thank you. I never did see that. Where are we on the chart right now vis-a-vis the 20-80 on the bottom of the chart? I guess an easier question would be, when did liquidity staking start?

[uneven laurel]

we are at the very beginning

it started about 2 weeks ago

[frosty vine]

Cheers mate.

So what is the APY calculation based on?

Usually there is a note saying it is based on compounding once a day for example. Because of the rate of compounding changes the APY

Or is the APY based on not compounding at all?

[coral jackal]

I’m slowing converting myself to the ILV / weth price. Dollars. Pshhh. What is that. Next stop .06 🚂

[tacit mesa]

Hello. Just wanna ask, ILV / ETH pool need the SLP token right?

[manic spindle]

That is correct, yes 🙂

[final steppe]

Ehhhh... the answer for that is pretty loaded since there are many different factors involved 😅 So say you're on the Illuvium website looking at the pools you can stake in.... the APY % you see is going to be the max APY you can get at that point in time IF your token weight of 2.0. But overall, the APY calculation is based on a combination of:

1. Pool weight (for the specific pool you are staking in)
2. Token weight (which can be anywhere from 1.0-2.0 based on what you select for the tokens you staked yourself... or for your claimed/vested rewards it is automatically set to the max weight of 2.0)
3. The number of tokens you have staked compared to the total number of tokens found within the pool itself

#3 above is what is going to cause the overall max APY in each pool to vary. With more and more tokens getting staked within the pools, the APY drops. So for your question about compounding... that DOES affect the APY of the single asset ILV pool, because everyone's claimed rewards from the ILV pool, the ILV/ETH pool, and the flash pool all gets vested in the single asset ILV pool.

[queen horizon]

hehe smart my man

[final steppe]

I know I couldn't really touch on everything @frosty vine
My best recommendation now is to read through the medium article that was published on the ILV Liquidity mining but feel free to ask any additional questions you have 🙂 https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507

[frosty vine]

Thanks once again, I will have a read of it!

[tacit mesa]

thanks. 😁

[tacit mesa]

sir, can i ask 1 more time? when you go to the SUSHI app, you have to convert your ETH or ILV to SUSHI and put it in Metamask right? then you can stake in the ILLUVIUM website.. right?

[misty karma]

You provide liquidity to sushi. There’s a swap tab and a liquidity? I believe it’s labeled. And there you enter how much ilv and eth to put in

For liquidity it has to be both.

Then you’ll get their liquidity token that you deposit on the Illuvium staking site

[tacit mesa]

doescit have to be the same ratio as what they say? ratio of value in USD, or does it have to be 1 ILV : 1 ETH?

[misty karma]

Same dollar ratio

So $1 ilv to $1 worth of eth

Usd

[queen horizon]

You should read up on impermant loss before you provide liquidity

https://www.gemini.com/cryptopedia/decentralized-finance-impermanent-loss-defi#:~:text=Impermanent loss is a decentralized,outside of the liquidity pool.

[brisk surge]

Its is no big deal when it's spitting out ILV like crazy and if you like more eth when you pull out.

Depends on how much you have in though

[finite frigate]

Hello. Asking for a Filipino compatriot. He just converted ILV and ETH to LP token, but chose the slow gas speed. He hasn't yet receive the LP token, how long will he have to wait?

[brisk surge]

You can always speed it up

[queen horizon]

yeah high a[py can compensate

[brisk surge]

If you add more gas to the tx you can get better confirmation time, especially if gas prices increased after you made the tx

[finite frigate]

This is the screenshot he showed me via etherscan

Also, does he need to configure his metamask wallet so that it will show the LP token or not?

[misty karma]

You need to manually add the lp token from sushi to meta

Add the token and let us know if it shows 0

[finite frigate]

How does he manually add the LP token to his metamask wallet? (sorry newbie). Thank you for the response.

[queen horizon]

Dont you have to add the custom token address of the SLP?

[misty karma]

Yeah that’s what I mean add the slp to meta. I don’t have the contract I’m at the gym does anyone have it for @finite frigate? I’ll be home in about 20 if not

[finite frigate]

No worries. Thank you for your assistance.

[queen horizon]

One sec, I try to find

[misty karma]

Thx yo

I’m going to wrap up here then bike home and I’ll tag Ziza if I don’t see it posted when I check back.

[queen horizon]

This should be it: 0x6a091a3406e0073c3cd6340122143009adac0eda

please check someone

[finite frigate]

Thanks for the token hash. Sent him this step-by-step procedure and he knows etherscan (not sure to what extent). Hopefully, he gets it sorted out. https://tokenmint.io/blog/how-to-add-your-custom-erc-token-to-metamask.html

[queen horizon]

Sure thing

[misty karma]

nice looks like you guys got it GL

[queen horizon]

ILV army supporting 😄

[misty karma]

wooo team work makes the dream work

https://tenor.com/view/simpsons-homer-bart-lisa-join-us-gif-13066208

[queen horizon]

hahaha

we will pull them all in

[misty karma]

lol kill them with kindness. AND MY TIKTALIK ARMY

[sinful hatch]

I have staked some $ILV for 12 months locked. I noticed vesting is 12 months. This may be a stupid question but am I locked in for 12 months in total or 24 months before I can withdraw/use my $ILV??

[final steppe]

Not a stupid question at all! 🙂
The ILV you staked is locked for 12 months starting the date you staked it.
Then each amount you vest is locked for 12 months starting on the date you claimed it.

Hypothetical scenario:
You staked ILV for 12 months starting 6/30/2021.
You claimed your first batch of ILV rewards on 7/10/2021.

Your initial staked ILV is unlocked 6/30/2022.
The 1st batch of rewards are unlocked 7/10/2022.

[sinful hatch]

Thanks heaps. Cheers

[waxen edge]

Anyone here have strong opinions on staking ILV vs. the ILV/ETH SLP staking? Trying to get a better grasp on the tradeoffs.

[gloomy gazelle]

Impermanent loss is a significant concern.

Rah has strong opinions

[exotic igloo]

Fuck

He saw me

Hahahha

My only opinion is we getting turbo rekt by gas

When doing SLP keep in mind IL and paying double the gas fees every claim

[gloomy gazelle]

I share this opinion.

[gloomy gazelle]

I’d even think more than double. Since you could just use slow gas to claim/compound ILV only rewards.

[exotic igloo]

Exacly

Fast gas required and SLP gas limit higher

[gloomy gazelle]

Not sure he knows we are having a conversation

[waxen edge]

haha

[gloomy gazelle]

Oh he here

[exotic igloo]

He surprised me

[gloomy gazelle]

https://tenor.com/view/good-evil-star-wars-emporer-palpatine-darkside-gif-4624104

[exotic igloo]

Almost had a heart attack

Rude

Interrupting a conversation like that

[junior shuttle]

have a dumb question

[gloomy gazelle]

Doubt it

Let’s hear it

[junior shuttle]

im trying to join the ilv sushi pool and i know i need the LP to stake it onto the site

i get the LP from sushi

[exotic igloo]

[junior shuttle]

i just cant figure out where lol

[waxen edge]

You're also staking equal values of ETH + ILV, so you'd need the APY to be >2x on the SLP approach to yield more ILV as rewards, right? Otherwise you could just double you ILV position (same input ETH cost) and do the normal ILV staking.

[exotic igloo]

When on sushiswap on the pair

Beside swap there is a liquidity tab

Click there

Add liquidity

[junior shuttle]

Oh i see

[exotic igloo]

If you want to make sure you have to good one

[junior shuttle]

and i just get the proportional amount of ilv vs eth ?

[exotic igloo]

Illuvium.io

Invest

Sushiswap

[exotic igloo]

You put in equal $ amount of both yes

[junior shuttle]

excellent ty

[exotic igloo]

Gives you SLP tokens which represent your share in the pool

Then you stake those tokens on Illuvium

[exotic igloo]

Also a consideration yes

If you are limited on eth

[gloomy gazelle]

Have you seen the APY? It’s more than 2x for SLP

[exotic igloo]

https://tenor.com/view/shhh-shush-silence-nose-gif-17895433

[waxen edge]

haha yes, I've seen it. Just trying to price the risk of IL and make sure on a risk-adjusted basis the SLP APY still outperforms. The rates are not directly comparable because the SLP APY isn't a multiplier on the ETH lockup, only the on the ILV lockup.

[junior shuttle]

its like the first time i sent crypto from wallet to wallet. That nervous feeling haha

[waxen edge]

Still seems very high though, which is awesome

[open spear]

Anyone here from Australia and know when we are taxed from staking? Is it from when we claim it from a reward or claim it from vesting or both? Also would sILV be taxable?

[subtle swan]

Because it is newly earned coins, it will form part of your taxable income rather than capital gains tax. I'd advise having a free consultation with: https://cryptotaxaus.com.au/

[ashen dust]

I didn’t know that! So are you saying if I put $100 worth of ilv and $100 eth into the slp pool and it is saying the apy is 600%. It is 600% only on the $100 of ilv and not the $200 (100eth and 100ilv) that I have staked? I hope that make sense....

[tacit mesa]

anybody knows how u can confirm that you have already received the LP tokens in metamask? im not sure where it should go upon the receipt from the SUSHI liquidity. huhu

[tacit mesa]

relate!!! hahaha

[open spear]

Thanks mate. Yeah already booked in for a consultation. Just wondering at which transaction/s does it count as in my wallet therefore taxable. I'm hoping from claiming rewards to vesting it doesn't count as it hasn't hit my wallet.

[subtle swan]

But it will have hit your web3 wallet, correct?

[open spear]

That's the part I'm not sure on because it goes from reward to vested & locked.

[subtle swan]

Might be a question for crypto tax australia. It's going to be a grey area. Same with the sILV in-game transactions. Does the ATO start gaming Fortnite's vbucks if they start having a dollar value? It's out of my pay grade...

[open spear]

Yeah most definitely.

[primal dagger]

if you dont get a token it shouldnt be taxable (like claiming your locked ilv), but defs consult an accountant

[exotic igloo]

Always send a test amount

[eager ermine]

i prefer to degen and send 5-6 figures with a copy paste and no test transaction

[exotic igloo]

Jeez

This guy has never lost crypto

Big balls

[eager ermine]

sent 20 eth to a burn contract

just lazy really

[junior shuttle]

my method is to verify the first 4 (after 0x) + last 4 and hit send

[exotic igloo]

Hahahha

[candid plover]

Once all our vested ILV begins unlocking in a year do we have to pay gas again on the backend for each chunk vested individually? Or will they just accumulate/combine in a larger pool?

[exotic igloo]

For now its individual

They are going to try something to be able to group all unlocked tokens if you desire to withdraw all

But other than that, pray for L2 hahah

And london update

[candid plover]

Oh Jesus fuck lmao

[ruby wing]

Or just leave staked

HAHA

[mental tangle]

Hey @exotic igloo you mentioned before that you dislike when other games have multiple presales before launch. Would you say that Illuvium is going to avoid having multiple sales? Would it just be the one mystery sale and maybe one more before launch or....?

[candid plover]

Lol yeah. I was hoping they’d all just fall into the same pool as they unlocked atleast for all tokens that are 2x. I can see how having the ones that are weight led differently in the same pool could be complicated.

[gloomy gazelle]

Yup. Forever or till gas is a thing of the past

[ruby wing]

Rev Div forever

would be sweet

[gloomy gazelle]

Did you see the math stormi did? #814313779696238642 message

😵‍💫

[exotic igloo]

Never withdrawing gang hahaha

[exotic igloo]

Should only be the mystery sale yea.

[exotic igloo]

Thats ez

[mental tangle]

Ty

[exotic igloo]

Thats my opinion

Hahaha i have no information on the team plans

[mental tangle]

💩

[elfin tulip]

While attempting to connect my wallet to stake I selected trust wallet but my ILV tokens are on my Metamask wallet. When I attempted to change it to my Metamask wallet, the staking page continues to default to the trust wallet. How do I stop this so that I can connect my metamask wallet?

[junior shuttle]

log out of all wallets and clear cache and try with MM wallet

[elfin tulip]

@junior shuttle Can you explain how to clear cache?

[junior shuttle]

clear your browser history

[elfin tulip]

I cleared cache in browser but the same thing happened. It defaulted to Trust Wallet.

I will try again. Thank you.

[junior shuttle]

@elfin tulip you need to disconnect the wallet from staking.illuvium.io

and connect it again

this time choose the correct one

[opal elm]

IL is sitting at just under 5% since staking launched

[candid plover]

U know of decent software/website to track LPs live? Someone linked me apy.vision but it’s a little janky.

[opal elm]

Use the tools Sushi provides

https://analytics.sushi.com/pairs/0x6a091a3406e0073c3cd6340122143009adac0eda
Into the block

[river scaffold]

Opinions on Sushi LP vs. ILV staking? Roughly what amount would it make more sense to provide LP over ILV staking. 1 - 3 ETH Equivalent, 5 - 10 ETH equivalent? Or is it too hard to determine what IL will be and is simply a higher risk/reward ratio anyway you split it? Minus the transaction fees of coarse so tiny amounts don't make sense

[finite frigate]

Good question. I'm also curious to the answer as I can only currently afford to invest USD200 in ETH and ILV each.

[gloomy gazelle]

The other thing to consider as well is the cost to claim rewards. Rewards from SLP will cost maybe 4x as much gas to claim as ILV only. Two transactions and fast gas to avoid sILV dust

[river scaffold]

Also for LP staking, just for clarification. You need to enter ETH/ILV liquidity pool on Sushi, than stake the LP tokens through the Illuvium site?

[gloomy gazelle]

Correct

[gloomy gazelle]

#🥩〕staking message this post explains a bit more on the claiming transactions. The gas limit is not really an issue anymore. But the other stuff remains.

0x6a091a3406e0073c3cd6340122143009adac0eda

ILV/ETH SLP token contract.

[mental tangle]

Does it do the "double claim" for my LP and $ILV pool rewards if I click on LP rewards to do the claiming?

I've only claimed solo $ILV so far

[candid plover]

Yes. And you’ll get 2 MetaMask confirmations one after the other.

The 2nd one usually costs more than the first.

[river scaffold]

So 4x higher gas cost isnt that bad if its $10 - $30 / transactions and your position is over $2000, $4000 to be safe maybe. an extra 350% APY should more than cover that and hopefully IL. Havent done many LP positions but their starting to make a bit more sense

[mental tangle]

Ok. I probably won't do it for a long while. Getting like mayyyyyybe just under 1 ILV a day between both my pools 😅

[river scaffold]

Also thanks your answers helped!

[candid plover]

Due to the fees there isn’t much difference between daily vs weekly compounding and this is especially true due for smaller amounts.

[river scaffold]

$100 / day is pretty good for passive income lmao

[gloomy gazelle]

Facts

[mental tangle]

Yeah I'll be more like monthly or quarterly

[gloomy gazelle]

So do you know about the risk of impermanent loss?

[mental tangle]

100% agree

Off to bed ttyl

[candid plover]

If you’re getting 1 per day I would probably do every week 1-2 weeks when you can find gas cheap.

[mental tangle]

Thanks for the tip 👍
My maths a little rusty other than Trigonometry

[river scaffold]

I understand the concept roughly.. The price difference and pool weights between the two assets. It makes sense but i couldnt calculate it for the life of me

[candid plover]

Yeah if you got 10 ILV and 200% apy it won’t take long to make up for the gas fee if u can (cheapest is best of course) however you gotta pay gas again on the back end to claim it once it unlocks. Hopefully by then fees are cheap tho

[river scaffold]

And thats the risk/reward part and probably the biggest factor to the two positions? Its impossible to know what IL will be and theres a chance you get hit harder than the APY is producing. Where as ILV staking is pretty safe if you beleive price in ILV will hold or gain in price.

[candid plover]

Yeah basically. For instance ILV has been doing much better than ETH but at the current APY the yield is generating enough ILV to make it up for it.

Overall ILV going up is of course good but if the yield wasn’t generating enough tokens be, you’d better off in ILV single pool. For now LP has kept up though.

[river scaffold]

Anybody trying to time locking periods with the market cycle or just yolo 52 weeks double weight, long ILV 😆

[gloomy gazelle]

2x long man

[queen horizon]

hahaha damn

[river scaffold]

I know this was asked already but I cant find it. If an ILV staking position is entered, transaction is confirmed on Etherscan. Whats causing it to not be visible through the vesting tab?

[queen horizon]

sometimes its lagging a bit

[junior shuttle]

try a refresh

[thin vault]

Anyone know sILV contract address?

[gloomy gazelle]

Check pins in here

[coral umbra]

check pin

[thin vault]

Thanks

[open anchor]

Hi, does anyone know when the next Flash Pool with Universe XYZ will start?

[coral jackal]

Some decent removals from the sushi pool over night.

[manic spindle]

Hasn't been announced yet, just that it is the next one after SNX.

[fading nexus]

Hi guys, when I stake in the flexible pool, do I have to unstake too? And if so, how does that work?

[manic spindle]

Just to make sure nothing is misunderstood here: There is no flexible pool. What you can do, is stake in a flexible way. Both core pools allow you to either just stake flexibly (which means, you can always withdraw at your own will) or you can lock your tokens for up to twelve months when staking (and get up to 2.0 weight per token instead of 1.0 depending on the timeframe). Unstaking/Withdrawal can be done under "Vesting".

[fading nexus]

ok, I am now in the ilv pool flexible, so if I decide to change and add liquidity to the suhi pool and go to that pool, then I don't have to unstake or something. Unstaking/withdrawl is only needed when I've locked?

[manic spindle]

If you want to use your flexible staked $ILV to provide LP then you will have to withdraw them since you need to get SLP tokens on Sushiswap and stake those on the ILV staking site for LP. If you on the other hand want to keep some $ILV staked in ILV-only AND stake something in the LP pool as well, then you simply need to get SLP from Sushiswap with other funds and you can then stake the newly acquired SLP tokens in the LP pool while keeping the other $ILV in the ILV-pool.

[fading nexus]

Ok, thanks @manic spindle Another question. I got the metamask confirmation and the transaction was a succes, bbut where am I supposed to see my Ilv that I placed in the ILV only flexible pool?

I cant seem to see them under vesting or any of those

buttons

[manic spindle]

Have you done two transactions? The first time you stake you will need to first accept it for transactions in general and then the second time you actually transfer your $ILV. Just check under "Dashbord". At the top left you have the panel for "STAKE" showing both core pools and what you have in them. At the bottom center you can see your "ILV Balance". If your ILV are still listed under the Balance instead of "STAKE" then you haven't staked them yet.

[fading nexus]

Ah ok,ok. I just did it. Thank you so much for helping me on thisone. Everything I do for the first time is still a little uncertain in crypto space. although I staked and bought many times before, but thisone is a little different and bring some uncertainty fr me, but thanks again!

[manic spindle]

Don't worry. Glad you were able to figure it out. If there should be anything else, just ask 🙂

[fiery spire]

Hi. Where's the option to unstake the SLP tokens?

[ruby wing]

Check out the vesting tab

[fiery spire]

thanks!

[fading nexus]

Ok, so on sushiswap am I understanding it correctly that I dont nessasarily have to add liquidity to the ilv/eth pool, but that it can be any pool to get my slp?

Just thinking a bit further down the road for me 😉

[manic spindle]

Before considering to add liquidity, if that's something you've never done before, you might wanna read up on "Impermanent Loss" first before looking how to actually provide the liquidity 🙂

[fading nexus]

I have added liquidity before on uniswap, I am familiar with iL

Thats where the rewards are for aren't they?

[fiery spire]

I'm loving the rewards. I've choosen the locked option, and in two days already received 0.16 ILV, that's like $16

[manic spindle]

In that case, you simply need to provide Liquidity on SushiSwap, grab your SLP tokens and stake them on the ILV staking site. Let me try to find the right contract for you.

[fiery spire]

And I only put a little of ETH

[fading nexus]

But does it have to be the Ilv/eth pool or can it be any pool where you get the slp?

That's what I was wondering.

[fiery spire]

Only the pool ILV/ETH

[manic spindle]

ILV/ETH pool

[fading nexus]

But slp is slp isn't it? So I figured how woulld they know if I have another pool where I got the slp from?

Just trying to understand it, nothing more btw.

[fading nexus]

That's a nice result in 2 days!

[fiery spire]

Well I'm curious too now... I've provided liquidity in the past but on Uniswap. And there, you receive specific tokens that represent your position on that pool, isn't it?

[fading nexus]

yes

[fiery spire]

https://docs.sushi.com/products/amm-exchange/liquidity-pools

SushiSwap works the same way apparently

[fading nexus]

Ah, ok, so you get specific SLP tokens, in this case it will be ILV/ETH SLP tokens...

[fiery spire]

yes so it seems

[fading nexus]

Then it makes more sence to me. Thanks for taking that question out of my mind 😉

claiming the rewards is 1 or two transactions?

[fiery spire]

No problem. I was being dumb. I've just checked my transaction history on Etherscan, and I've checked the transaction where I've staked my ILV/ETH SLP tokens. If I click on the token I've staked it goes to this page: https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda

As you can see, it's the ILV/ETH LP token

it's all good

[fading nexus]

lol, never mind we cleared it 😉

[fiery spire]

I think it's only one

[fading nexus]

And it does add up your total balance doesn't it

so the rewards are compunding that way...

Maybe @brisk surge knows this exactly?

[fiery spire]

I think it will show on your balance yes

I have not claimed any yet

Do I need to claim them so they can compound?

[fading nexus]

No, it must be worth the transaction costs, so thats why i'd like to know if it is only one transaction 😉

[fading nexus]

Yes, that's what they told me earlier.

[fiery spire]

Yeah, not worth it for now. I'll wait for gas below 10gwei. And only when I get at least 1 ILV

I've found this

[fiery spire]

#🥩〕staking message

So I need to claim the rewards, and they will be locked on the vesting tab for 12 months

And there I can see them compounding

Ok, I guess I'll add a little more liquidity to the ILV/ETH pool so I can claim the rewards more often 😄

[fading nexus]

haha, exactly my thoughts

ok, see you later, nice talking to you and stormy 👍

[fiery spire]

Nice talking to you too 👍

[hot moat]

has anyone ever had this happen?

i claimed sushi rewards, went through just fine, then claimed ILV rewards 30 s later and it ran out of gas

does claiming sushi also claim ILV and i should just have reloaded the page to see my ILV claimed?

and could that cause the contract to run into an infinite loop?

[exotic igloo]

Claiming the SLP pool claim both pools

[hot moat]

poola

[exotic igloo]

Yes could run into infinite if there was not the sILV claim part of the SLP claim

[hot moat]

🤌

[exotic igloo]

Looks like your gas limit is really low

Did you change it yourself?

[hot moat]

it was the default i never mess with gas limit

[exotic igloo]

Ok

If you are rolling with SLP

Only claim SLP

[hot moat]

yeah idk when i click it now, it sets 201298

[exotic igloo]

Cause it claims both anyway

[hot moat]

yeah im too dumb to read apparently

[exotic igloo]

That is the good one

[hot moat]

i was in kind of a speedrun

still wonder how i managed to fire it with 90k gas

[exotic igloo]

Its odd

@midnight geyser

[hot moat]

i wouldnt eliminate "misclick" as a cause

im somewhat of a DAU

[midnight geyser]

Hey! Yes LP pool also claims your ilv rewards

[hot moat]

yeah we got that far :)

i somehow issued a claim txn with 90k gas limit though

i never change it, so i dont really know how

98,006 is such an odd number aswell, i dont know how i would accidentally type that

[midnight geyser]

So you claimed LP pool and tried to claim ILV pool before the LP pool transactions were mined?

[hot moat]

etherscan claims i tried to claim ILV 30 seconds after confirmation of LP claim

i'll dm you the links to etherscan

[austere agate]

Hi. Tried to stake my ILV. Metamask says it was approved. But it’s not showing as staked on staking.illuvium.io. Any suggestions?

[exotic igloo]

You only approved

You now need to stake

The first time using any dapp you need to approve your currency

[austere agate]

BOOM ! That did the trick. Thanks for your help. 👍

[junior shuttle]

If i claim SLP rewards, it claims ILV as well?

[exotic igloo]

Yes

[gloomy gazelle]

Yea and that’s why you use fast gas so you don’t get sILV while the 2nd transaction processes slowly.

[amber iris]

oh damn this looks like a nice idea to LP & stake

me likeyy

[primal dagger]

dont need fast gas, just need both tx on the same gas so they go through together

[gloomy gazelle]

Oh really…

[primal dagger]

yeah its the time between the 2 tx that causes it

[gloomy gazelle]

I’ll have a chance to try it out later this week I think.

[primal dagger]

and if you put through both at same (low) gas they get processed together

and no slivers

[gloomy gazelle]

I get that. But aren’t transactions consecutive?

[primal dagger]

yeah but when gas is low enough for one tx, it will put through both 99.99% of the time

[gloomy gazelle]

Ah

[primal dagger]

if its not taking 30m+ for your tx's to go through you are paying too much

[gloomy gazelle]

That’s what I’m sayin

Fast transactions are for trading. Maybe.

[primal dagger]

takes a while, then both tx go together is best

[gloomy gazelle]

I set it to 4gwei last week and let it pend for days.

https://tenor.com/view/very-tight-with-the-dollar-cheap-lame-shabby-nbc-gif-13228255

[primal dagger]

eeek

[gloomy gazelle]

Ilv only transaction though

[gloomy gazelle]

Is unnatural yes?

[brisk surge]

I get failures sometimes, I thought it was because of low gas

[onyx topaz]

so claiming the Ilv is 2 transactions, is the first prompt the tx that claims most of it?

[primal dagger]

The first is for ilv only pool, the second is for ilv/eth pool (you always have to claim ilv only first or you end up with dust silv)

[fading nexus]

that's the ilv/eth pool you are talking about? The ilv only just has one transaction when I claim I suppose?

[primal dagger]

Correct

[fading nexus]

ok, the I can calculate when it is worth claiming since I am in the ilv only pool 😉

I just noticed the gas tracker bot, What command do I have to give to see the current gas fee?

ok, so what do the symbols stand for? #noob 😉

[primal dagger]

Speed

[fading nexus]

fast normal and slow. I see now lol

and the number is the gwei?

ok then. thanks.

[hidden field]

hmm, GasTracker was offline on my member list. 👀

[manic spindle]

Happens every now and then. It usually is back at some point.

[hidden field]

It's back!! 😆 Thanks

[eager rover]

any day now pelican

[fading kite]

When launch?

[manic spindle]

!timeline

[woven ibex]

• Numerous partnerships with influencers throughout the
  next months
• Gameplay trailer coming soon
• Mystery Auction shortly coming soon
• Closed beta this summer
• Open Beta / launch in late Q4
• Tier 1 Centralized Exchange listings imminent, date
  unknown.

[manic spindle]

Too long since I saw it the last time:

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-staking-gif-22200244

[fading kite]

How to get rewards?

[mint cave]

open your mouth

https://gfycat.com/academicgreedykomododragon

[manic spindle]

Take a look at these to begin with:
https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac
https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507

[drifting shell]

Feed me the ILV

[mint cave]

https://gfycat.com/perfumedaridchameleon

[mental tangle]

https://tenor.com/view/pitch-perfect-fat-amy-rebel-wilson-my-body-is-ready-horny-gif-3841124

[candid tundra]

Why cant i stake for a locked period?

scroll bar wont work

[manic spindle]

You're sure you are on the "LOCKED" tab when trying to stake? If so, could you show a screenshot of it?

[candid tundra]

yes, it was becuase i had to approve first

thank you

[rancid lagoon]

Hey all, I just recently staked my ILV.

I was wondering do I have to claim my ILV every week like SNX

What would happen if I just leave and don't claim, does the ILV rewards disappear like SNX as well?

[silver oasis]

@rancid lagoonit can be claimed every block ..so roughly every 13-15 sec if u want

[glass carbon]

you can claim when is convenient for you, it will just accumulate

[silver oasis]

and no ..if u dont claim them u don't lose them ...they just stack

[rancid lagoon]

Ahh great

Is there a difference between letting it accumulate and vesting?

[silver oasis]

if u do not claim them..they wont vest..thus they wont add to your compound

[rancid lagoon]

Sorry to clarify something about vesting before answering my previous question, is vesting only for when you want to take out your rewards which you would then get it 12 or 24 months or whatever you chose

[silver oasis]

they will stack ...but wont be part of compound staking

[rancid lagoon]

ahhh I see..

[glass carbon]

yes. you need to claim first and then the vesting period will start (which is 365 days). You can withdraw your vested tokens after that time.

during vesting your rewards are staked in the ILV pool at 2x weight

[rancid lagoon]

So would it be in my best interest to take a similar SNX approach.. meaning claim perhaps every week and vest it?

[glass carbon]

which is the compounding that @silver oasis is talking about

[rancid lagoon]

I see

[glass carbon]

It depends on your situation. if gas is an issue for you you can choose to wait longer

but yes you will miss out on some yield from your vesting tokens in that time. or rather tokens that ~would be~ vesting

[rancid lagoon]

ahh I see makes sense

you're basically balancing whether your claim is sufficient enough to claim given the gas, and when to get the extra yield from vesting

[glass carbon]

yes. also keep in mind the farming rewards do diminish over time as well.

[rancid lagoon]

Is there a common approach that most people do given what you've seen in the discord.. what approach do most people take claiming every day, every3 days a week, etc..?

Just on a discourse perspective

[glass carbon]

it really depends on the size of your stake. as a general trend larger bag holders tend to claim more frequently because their rewards quickly outscale gas costs

[rancid lagoon]

ahh makes sense

My bag consists of the 7.7 airdrop given awhile back.. I guess it might be in my best interest to maybe take a longer timeframe than large bag holders

[glass carbon]

if you check the pinned messages another user made a quick calculation sheet that you can use to estimate when the best time for you is

[rancid lagoon]

ahhh perfect thank you so much

[glass carbon]

but yes if you're just staking the airdrop I'd recommend waiting rather than spending gas frequently

especially with these high gas prices

[rancid lagoon]

very true

Thank you so much for being so patient with me in answering my questions, you were really helpful and supportive

[glass carbon]

no problem friend, glad I could help you out! feel free to ask if you have any other questions 🙂

[rancid lagoon]

Thank you so much, I feel like I'm a part of the community already

[ruby wing]

Welcome 🙂

[rancid lagoon]

Thanks!

[glass carbon]

glad you stuck around since the airdrop days!

[rancid lagoon]

Lolol yeahhh I remember the airdrops of NFTs from long ago too

the holo squizz and others from promotions with other defi projects

Sad I didn't win those.. but wow can't believe time as flown so much

[ruby wing]

Those who are patient are rewarded by the passing of time

[rancid lagoon]

Absolutely

[ruby wing]

you just helped my write my quote for the day

thanks

[mental tangle]

Regarding gas fees/claiming conversation.

If you are making say 1 ILV/day so $100/day

...... Or you have something like that scenario where the value of the ILV itself is far greater than the gas fees should be.

Should it not always be worth it to claim that?

[glass carbon]

you shouldn't be comparing the value of your ILV earned to the gas, rather to the potential rewards you'd get by vesting that value of ILV one day earlier. So if (as an example) you're paying 100$ to claim, you're expecting that value of ILV to generate over 100$ over the year of vesting

[gloomy gazelle]

No. Because you will claim it eventually anyways. What matters is if the amount of ILV you will claim will earn more than your gas fee during the time between the two claims.

[glass carbon]

oh yeah maybe this is a better way of thinking about it

[gloomy gazelle]

1 ILV will only earn a little bit in the next week. 10 ILV will earn more than that in the next week. As single asset staking apr continues to decline the amount of time between each claim should get longer.

[mental tangle]

Thanks for the information fellas, I only just got my (smol)SLP going so I've got some waiting to do

[waxen edge]

I still haven't decided whether I should do single asset or SLP. Is there a substantial risk to doing SLP with a 12 month lock-up? That would optimize for the maximum APY, but I'm not sure what risk that introduces.

[gloomy gazelle]

I’m pretty sure that 1 ILV is currently earning like $0.45 per day when staked.

[gloomy gazelle]

Impermanent loss.

If it was ALL ILV you’d likely end up having a better return on investment.

[waxen edge]

Do you know of any benchmarks for me to get a feel for how much IL can realistically get to? Trying to wrap my head around maximum IL vs. the declining APY advantage of being in SLP.

[waxen edge]

You think going 100% ILV staking is the better ROI if you believe ILV outperforms ETH over the duration?

[gloomy gazelle]

I don’t know man. I feel like the extra ILV you can get as a reward staking in the SLP might off set that though. But smarter people than me say otherwise

[waxen edge]

I did some LP for AXS/ETH last week and my IL shifted AXS down about 20% and ETH up by a little more than 20%. I obviously would have preferred not to lose the AXS

[gloomy gazelle]

Or at least more experienced in staking.

[waxen edge]

Appreciate the perspective. I'm not new to crypto, but very new to LP

[gloomy gazelle]

Yeah. Last I checked I’m missing out on 25% of my gains on the amount I added in Liquidity if I’d just gone all ILV

But that doesn’t factor staking rewards.

Granted I knew this and have most of my stuff in ILV only.

This is my first rodeo.

But I’ve been learning a lot

https://tenor.com/view/studying-school-reading-kid-child-gif-19991265

[waxen edge]

Do you know of anyone around here that is doing SLP with the 12 month lockup? would be great to hear their perspective.

[gloomy gazelle]

@brisk surge is in the SLP but not sure about lockup

Mines unlocked in SLP

https://analytics.sushi.com/pairs/0x6a091a3406E0073C3CD6340122143009aDac0EDa this is what I use to figure IL

Not to estimate future but to see past.

[glass carbon]

I put a bag in SLP for 12 mos. I have already made almost 60% of the ILV I put in back number-wise (which is like 30% of the value of my LP tokens)

initially I kept 20% of my total holdings in ILV as a hedge tho

[gloomy gazelle]

Thanks for sharing. Good info.

[strong wharf]

cmo gas

I have 30 ilv to claim

🤬

[brisk surge]

incredible gainz

[glass carbon]

same actually XD ever since that shiba swap thing

[brisk surge]

I'm locking for twelve months with 14 slp

getting like 5 or so ILV a day with that

[waxen edge]

What do you anticipate might be your maximum IL over the lockup?

[strong wharf]

patience we must have fren

[strong wharf]

chances are very likely that ILV will grow to 500$ or 1000$ when they unlock. Can you imagine that?

that would mean you earn 5000$ a day

that's fucking insane 😄

[brisk surge]

Yeah, I think that will cover IL

it was less than $10k when I put it in

[gloomy gazelle]

Nice. I don’t even have one SLP😝

[glass carbon]

what's interesting to me is that the TVL is so close between the pools. Were we ever expecting the SLP pool to quadruple the ILV one? Only way those APYs ever get close. In my mind's simulation before it went live they just drifted closer and closer until one day they're almost identical

[gloomy gazelle]

Close but not quite.

[brisk surge]

I started LP when it opened and just kept it there

2 eth and whatever the value of ILV was when it opened

I have had some difficulty tracking the IL after that

I staked it and it isn't showing on my wallet tracker anymore

[gloomy gazelle]

https://analytics.sushi.com/pairs/0x6a091a3406E0073C3CD6340122143009aDac0EDa this lets you input your LP date and time and amounts and figures it for you from there.

[brisk surge]

ah, I'll have to fiddle with it

[gloomy gazelle]

There’s a bunch of other stuff too but I’m sure you’ll find the one I mean

[exotic igloo]

Gas is a bitch since shibatrash

Cant claim twice a day anymore

Only during weekends

[brisk surge]

So if we just do super slow gas, it will fail right?

[gloomy gazelle]

At least it won’t process until gas prices go down

[brisk surge]

Hmm, then how do transactions end up failing @gloomy gazelle

that happens sometimes

[amber iris]

failing? they usually don't

slow gas is a baaad idea, dont do it haha

you don't want to deal with it

[brisk surge]

My ILV is nearly at 20 to claim

wennnnn gasss

[gloomy gazelle]

I don’t know. Certain transactions have time limits on them.

[amber iris]

when did this staking/LPing go live?

looks really recent to me

and amazing this coin is up right now

market so bad even other coins doing good things cant catch a bid

[waxen edge]

It's in the same hype cycle that Axie is leading. NFT gaming went zero to one, so all of these projects are getting noticed.

[amber iris]

zero to one, haha good way of putting it

[waxen edge]

I decided to do SLP + 12 month lock-up by the way. I'm in it with @brisk surge for the long haul.

[amber iris]

im thinking about throwing some in here, what yall recommend

what is deal with lockup? different options?

i see a staking menu on the .io site, and sushi has the LP, are they the same thing?

[waxen edge]

Yeah, there's a ton of different multipliers for your risk tolerance in staking ILV.

[amber iris]

how do i see them?

the diff options

[waxen edge]

For the Sushi LP option, you create the pool on Sushi an then stake those SLP tokens in the illuvium staking ui

[mental tangle]

I didn't think twice about the 12 month lock up. But I'm a small fry. I actually have 2 roughly equal weight stakes in LP because after I saw the first I needed moar.

I got into the $ILV solo pool with my main chunk though

[waxen edge]

You can either stake ILV directly or SLPs from the ILV-ETH pool. All of the staking happens at Illuvium.io, you just need to get the SLP tokens at Sushiswap if you go that route. Each options has a Flexible/Locked option to increase your rewards multiplier for longer lockups.

[waxen edge]

I may end up adding an ILV stake later on. I'll wait to see if there's a pullbac in $ILV to accumulate more.

[amber iris]

oooh ok

how do i see the different options

and yeah ive been LP on sushi since day 1

[gloomy gazelle]

https://link.medium.com/qM3QyzVxThb

Try this and then jump back here for more help.

[brisk surge]

@waxen edge awesome!

[amber iris]

ah got it, thanks

im lazy af lmao

sorry

i see, its on a scale

so you can choose how long lockup is and get more for it

hm

ok

[brisk surge]

I gotta keep my eyes on $gods too

[gloomy gazelle]

Yeah fully variable staking lockup

[amber iris]

yeah thats really interesting, never heard of it before

i like the idea

[gloomy gazelle]

Seems supa smart

I’ll be pushing for it in other projects

Not that I’m in many others

[waxen edge]

Is there a date announced for the token yet?

[brisk surge]

Nope. whitepaper soon

[primal linden]

Hi guys, whats the difference between ILV and sILV?

[gloomy gazelle]

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-yield-farm-gif-22324298

[primal linden]

Whats the incentive to claim my rewards in ILV if they will be vested for 12 months

[gloomy gazelle]

sILV is only usable in game. Like a gift card.

[brisk surge]

@primal linden they will make more ILV

You can claim rewards later in sILV

[gloomy gazelle]

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

[primal linden]

So the get compounded?

[brisk surge]

sILV is used in the game

[gloomy gazelle]

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-compounding-interest-gif-22210108

[primal linden]

Long term vision

awesome

[gloomy gazelle]

Yeah. and usable in game Is not very usable yet.

Since game is not out yet

[primal linden]

Game coming this year?

[gloomy gazelle]

Should be December

[brisk surge]

Ish

It's game development, let's be honest with ourselves. (Hopefully before staking unlock)

[amber iris]

so if i claim rewards in ilv, its not really claiming anything, but starting a 12 mo timer?

am i getting that right

and seems like ilv would be the best move

10m total supply, so 30% being put into these rewards?

Oh wow i didn't know AXS market cap was 6B loll

damn.

[brisk surge]

Yes @amber iris I wouldn't claim sILV unless you want to be a huge pay to play whale on day 1

[mental tangle]

I'm probably going to claim ILV until close to launch then maybe I'll snag a couple sILV for game costs. Then switch back to ILV. Maybe rotate as needed

If I'm still making anything In the pools by then :P

[candid tundra]

Can someone give me an example of what pool weights mean?

i cant find anything sound online

[primal dagger]

what % of total rewards go to each pool

right now its 80% to ilv/eth pool 20% to ilv only pool and 5% to snx pool

thats 105% so reduce each slightly 🙂

total rewards in the first 14 days is 100k ilv, gets reduced slightly each new 14 day period

[amber iris]

what is point of claiming rewards at all if they are locked for a year?

oh nvm, im dumb Lol

it starts the timer right?

[primal dagger]

yeah

[amber iris]

id prolly claim like monthly then

no?

unless you putting 6 figures in this lol

[eager rover]

another NFT dropped as soon as i claiming

[exotic igloo]

@cobalt ridge warned about it in degen

[hard needle]

Hey, is it still likely Universe.xyz will be added as a Flashpool?

[cobalt ridge]

It will be over soon.

Half are already minted.

[glass carbon]

xyz is the next pool! #814313779696238642 message

[exotic igloo]

Yes

[gloomy gazelle]

Should be still getting something. but yeah not as much as now

[mental tangle]

Which is perfect because I wouldn't want to miss the insane ILV gains :P

[gloomy gazelle]

sILV will be accepted at 1:1 ILV value in game. So if ILV is worth $200 then 1 sILV will be redeemable for $200 in game use. So sILV will have the same gains as ILV. Just not the staking APR

[mental tangle]

Which is fine. I'd just like to start gathering some at least so I don't have to constantly be feeding ETH into my wallet 😂
It's all moot for at least a year anyway hahahaha

[junior shuttle]

i dont think sILV is usable in marketpalce

so if you want to purchase something from market, will still need to load eth

[gloomy gazelle]

yeah or use what you get with sILV to craft something or catch something and sell for ETH on the market and use that...

[junior shuttle]

that is probably the better way lol

[gloomy gazelle]

https://tenor.com/view/iron-man-working-here-we-go-gif-20203093

#craftforeth

[green mantle]

i have eth in my metamask wallet but when i want to stake tis says 0 balance
i have to buy ilv?

[brisk surge]

welp, I made a mistake and tried to claim, stuck pending forever now

[junior shuttle]

for ilv pool yes you need ilv @green mantle

[brisk surge]

I thought I did fast but then it shot up 😢

[green mantle]

is better sushi lp pool or ilv pool?

[mint cave]

that is up for you to decide

[primal dagger]

sushi lp pool has big impermanent loss, watch out

[ruby wing]

imagine if it pumps to 200

[primal dagger]

that would impermanently hurt a lot

when.

[ruby wing]

You said it not me 😉

[finite frigate]

Hello. I'm asking for a compatriot from the Philippines. What is meant by NaN% in the staking, and why did the estimated annual percentage yield (APY) turn to NaN%?

[exotic igloo]

0 balance

So it cannot calculate

[finite frigate]

Than you. Follow up question: NaN% is an accronym for?

[mint cave]

Not a number

[finite frigate]

Thnx for the answer. Still learning all the jargon and acronyms in the cyrpto industry (e.g. tx for transaction).

[mint cave]

There's a lot to learn :)

[finite frigate]

Good thing I'm a voracious reader and a writer by profession.

[gloomy gazelle]

So if I spend $40 on gas to get my $40 worth of XYZ to stake in the flash is it gonna be worth it? 😖

Maybe if it’s just me and someone with less than $8 of XYZ

[exotic igloo]

Not worth

I have like 4k XYZ left and I am going to wait for the weekend low gas

[tacit mesa]

may we ask where do you monitor your ETH gas? some charts arent updated.

[coral umbra]

https://etherscan.io/gastracker

[coral umbra]

https://www.gasnow.org/

[tacit mesa]

thank you thank you. ❤️❤️❤️

[coral umbra]

we do also have a gas tracker bot

[tacit mesa]

niceeeeeeeee.. 🔥🔥🔥

[glass carbon]

40 😭

[thin stream]

Anyone here staking SNX for ILV? had a few questions

[coral umbra]

ikr.. cant claim too😭

[exotic igloo]

Eth gas station

[gloomy gazelle]

I'm not but what do you want to know? SNX pool is closing soon. like today soon. Which just means there's no more return on that investment. you can wait to withdraw staked SNX for as long as you want

[thin stream]

oh shit I just staked my SNX @gloomy gazelle

[gloomy gazelle]

dang the flash pool doesn't last forever. just 2 weeks total

[thin stream]

oh so what do I do now?

[tacit mesa]

how much do you expect to gain with the flash pool?

[gloomy gazelle]

I'd say leave it and earn what you can. I'm guessing you've got 6 hours... sorry that happened

[solar cedar]

Yeah I knew it was a temporary pool. I couldn't see a way to see time left either

[thin stream]

Where do i find the expiration date on the pool?

[tacit mesa]

so its ending today? 😭

[solar cedar]

But I put some snx in like 3 days ago

[tacit mesa]

how does it fair for you with the 3 days staking?

[gloomy gazelle]

lol

[tacit mesa]

hahaha

[final steppe]

😛

[mental tangle]

Ya immediately said nupe

[solar cedar]

It's better then the native SNX APY by about 2-3 times. So I split some SNX in the flash pool while it lasted.

[final steppe]

Aww Necro

Lol

[mental tangle]

It was bad

[thin stream]

Where do i find the expiration date on the pool? @gloomy gazelle

[mental tangle]

Typed and sent and then saw how it looked 😬

[gloomy gazelle]

That's a great question.

All I know is that it's 14 days from start.

[thin stream]

ugh, how do i unstake my SNX now? lol

[gloomy gazelle]

I'll try and get someone to do something about that at least for the future.

[gloomy gazelle]

its under vesting tab

[thin stream]

Ahh i see it now

[solar cedar]

Last couple days people wont make their gas cost back.

[thin stream]

Spent $50 in gas fees lol and now gotta unstake in 6 hours lol gg

probably not worth it to claim my ILV either

gg

[gloomy gazelle]

#snx message

[mental tangle]

https://tenor.com/view/zach-galifianakis-checkyourself-gif-4709419

[gloomy gazelle]

this is the best info on flashpool

[gloomy gazelle]

claim it later when its 4gwei or something

but even then it depends on your rewards I guess

and you'd have to do another transaction after the 12 month vesting period ends

oh you could claim sILV. That goes directly to your wallet. but it's only usable in game like a giftcard almost

[final steppe]

Illuvium gift card 🤔🤔

[gloomy gazelle]

oh dang I was about to ping folks about the displaying the end of flash pool... but it already says the end block. http://etherscan.io/block/countdown/12830512

I mean I get that it could be clearer but...

[gloomy gazelle]

yeah i've used that metaphor before... seems to work...

[mental tangle]

So, do we expect to see an increase in apy for the other pools when this happens? At least temporarily?

[thin stream]

@gloomy gazelle So I should just claim sILV when I withdraw my SNX then? there won't be gas fees?

[brisk surge]

So, what becomes sILV dust? Does this happen if a claim takes too long?

I've had a claim pending for 4 hours now

[primal dagger]

you get silv from the ilv/eth pool claim when you havent claimed the ilv only pool immediately beforehand

which is what the two tx does (claim ilv only pool, then claim ilv/eth pool)

[gloomy gazelle]

I think there would still be gas fees. But it'd be in your wallet. ILV claim is actually just vesting (restaking) it to be locked for 12 months to earn ILV rewards on those claimed tokens.

[barren tusk]

I'm not asking for much, just 20 gwei gas for goodness sake

it's been days yo

[tacit mesa]

hehe. maybe itll go down tonight. or just wait for the weekends.

[ashen dust]

I feel your pain

[bleak harbor]

Hello

Pls how do I claim reward?😭😭

@vital timbererone

[barren tusk]

are you talking NFT? or Yield farming?

which reward

[gloomy gazelle]

@bleak harbor you claim staking rewards under the rewards tab

Wait did you say you wanted sILV?

check pins and add the sILV contract to your wallet as a custom token

[gloomy gazelle]

https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac sounds like you might be on step 6...

[bleak harbor]

12months?

[bleak harbor]

Yield farming

[barren tusk]

I'm assuming you've already staked then?

[bleak harbor]

Okay

[barren tusk]

So on the staking page there is a tab on the top of the illuvium website page click the rewards tab

there should be a claim button there

you can choose ILV or sILV as a reward

[bleak harbor]

Yes

[barren tusk]

You good? Any issues we can help with?

[bleak harbor]

I picked Ilv

But it’s not going

[gloomy gazelle]

Ok yes. Has the transaction processed? What does etherscan say?

ILV rewards for staking are locked for 12 months. So it won’t get into your wallet yet anyways. But it will restake for you and earn more ILV. You can see it under the VESTING tab.

Gas has been wonky

[barren tusk]

1. It will ask to confirm transaction to claim (cost gas)
2. Your rewards will be locked for 12 months and will compound rewards. And as Pelican says you will view it on your Vesting tab (top of the website as well)

[barren tusk]

I actually just went for the crappy gas lmao 25 something gwei

waited like 3 days now

ridiculous

[gloomy gazelle]

Yeah. Not me. I’ll run out of ETH that way

Though I did start a transaction to get my XYZ ready to stake. I hope gas dips soon or else I’ll be waiting for awhile

[bleak harbor]

Should I claim silv or ilv?

Since I staked silv

[gloomy gazelle]

Impossible

you staked ILV

[gloomy gazelle]

sILV cannot be staked. It is only usable to buy things in the game that is not out yet.

[bleak harbor]

Ok

[gloomy gazelle]

if you want to CLAIM sILV so it can be used in game do that. Otherwise claim as ILV and compound your interest.

But really I’d advise waiting for cheaper gas.

[bleak harbor]

Thanks

[gloomy gazelle]

You can get transactions at like 6 gwei on the weekends. Maybe less

[bleak harbor]

Aiit thanks

I’ll wait then

[open spear]

What's everyone's claiming strategy? I'm thinking of claiming every month as I'll have around 16 ilv and will reduce fees.

[barren tusk]

Most people will claim as often as they can if their capital is higher

the idea being compounding earlier is better because APY is higher for the first 1-2 years

However, if you are playing with smaller capital, you want to wait until it makes sense for you to claim

like I personally do every 4-7 ILV claim hopefully gas is low otherwise I wait

[open spear]

Yeah i understand. If i claim every 4 ILV it will be every week and that's going to be like $500 in fees for a year

[gloomy gazelle]

Yeah the gas price is what really makes the difference for me. If I’m claiming at 4 gwei… that’s a pretty easy return to make in a week with my newly vested staked tokens.

But as yield decreases the time between claims will increase.

[open spear]

yeah hopefully they stay high for awhile but more people are going to catch on.

[gloomy gazelle]

It’s not that. It’s the fact that so much of it is being claimed from the staking. The ILV only pool is gonna be crowded.

The ilv/ETH pool that is a different thing.

[tacit mesa]

what do you mean by that sir?

[queen horizon]

looking forward to the XYZ flash pool

[digital kindle]

I have some SLP stake in the ILV/ETH pool, is there any way to check how much fees I have earned from the LP?

[whole quarry]

Hmm, how long after deposit should rewards being accruing on the flashpools?

[solar cedar]

LP fees add to the value of the LP tokens. But IL reduces the value too (token relative). They somewhat offset each other but only in choppy market behaviour, not a one sided constant uptrend like ILV is doing. So at this point IL would be higher then fees.

Might be able to get this kind of tracking with sites like APY vision and zapper etc.

[river scaffold]

Depends how much you have locked and how fast the rewards pile up. Looks like its rewarded in ILV to 2 decimal points. so you should see .01 once you have a couple bucks in rewards

[whole quarry]

should these two be (weight/unlock) be hyphens?

[digital kindle]

Yes I checked apy vision and could see the IL but the fees section showed 0. Is it already for the generated fees?

[whole quarry]

sorry for the begginer questions.. first time in an ILV flash pool

[hard needle]

hey, dumb question but how do we get back our snx from the flash pool now its finished? I cant see anything in the ui

[river scaffold]

Yeah thats vesting tab and your XYZ is not locked, however your rewards once claimed will still be locked for 12 months I believe.

[mint cave]

vesting -> withdraw

[whole quarry]

Thanks!

[manic spindle]

Does anyone get rewards piled up for XYZ yet? I only got a bit under 5k XYZ staked but with 2.100% for a while and now still 1.500% I at least expected to see a 0.01 as rewards already, but maybe it's still lower than that.

[whole quarry]

Doesn't look like rewards started accruing yet

I'm a pretty significant chunk of the pool and rewards are still at 0.00. gonna check back in the AM and see what's up 😄

[dire steeple]

how long is the xyz flash pool for

[strong wharf]

when does XYZ pool start??

[mint cave]

14 days

started a bit ago, but rewards have not started i think

[dire steeple]

once staked after 14 days the unstake will appear?

[mint cave]

you can unstake at any time you want

there is no lock

[dire steeple]

whers the unstake button

[whole quarry]

https://staking.illuvium.io/vesting

[mint cave]

vesting -> withdraw

[whole quarry]

you can unstake on that link

[dire steeple]

ah cool

[fading nexus]

iL is kind of big when ILV price keeps rising against eth if I am not mistaking? In the ilv/eth pool I mean...

[dire steeple]

yeah would prefer one sided staking in this market

[fading nexus]

me too, was doubting for a while,...

Where can I see the flash pools announced upfront?

and is it worth it swapping between the tokens for just two weeks yield?

Or is it only profitable when you already have the tokens?

[mint cave]

up for you to decide tbh

[fading nexus]

But isn't there a calculation or something about this subject?

[silver oasis]

any1 got any movement in the rewards tab for XYZ staking?

[manic spindle]

https://tenor.com/view/no-cant-believe-sad-cry-gif-14042674

[silver oasis]

shit..i got about half your XYZ staked there but nothing..at this rate prob would of been better off in XYZ DAO haha

i think a good ammount of XYZ would of been 15k+?

or at least 10k haha

[manic spindle]

#🥩〕staking message

Might not have started yet. Maybe similar to core pool staking where there was a bit of time between start of entry and reward accumulation.

But I'm just speculating here

[silver oasis]

y might be some time prior to accruing like with the main ones

to give ppl time to stake..when i did it the TVL was like 23k lol

[whole quarry]

yeah its def not yielding rewards yet

[fading nexus]

Is it announced upfront whichone is the next flash pool?

[silver oasis]

the next one and current active one is XYZ

but in general yes..they are announced upfront

[fading nexus]

Is that in general chat or somewhere else?

[silver oasis]

i think the XYZ was done by Kieran a couple of days ago somewhere on #814313779696238642 , but i'll double check..but i don't know the official msg

#814313779696238642 message

this is where i saw it

[fading nexus]

ok, so basicly; keep your eyes open 😉

[queen panther]

Is gas ever going to chill out 😦

https://tenor.com/view/sad-baby-frown-cry-tantrums-gif-4649018

[silver oasis]

something like that..i mean the active community does get rewarded right? 😁

[fading nexus]

hmmm, yeah, but there are so many topics, that it is hard to get all the messages.

[silver oasis]

just filter them ..easiest way to catch up on the good stuff

the "search by user" opt does wonders

[velvet solar]

hey whats the risk for flash pool staking in the xyz vault? just noticed a high apy

[silver oasis]

none...but the APY will go down@velvet solar

[velvet solar]

oh thanks

did xyz flash pool just release then i assume?

[silver oasis]

yes you are correct

has't even started releasing yield

hmm i think 2k $ would be enough AMI also...that's like 10k XYZ i think

or just a bit over

[velvet solar]

so all our rewards will be locked up for 12 months?

but compounded during that interim?

[manic spindle]

Claimed ILV rewards are locked for 12 months and staked in the ILV only pool with a weight of 2.0, yes. Claimed sILV is unlocked immediately and can be used for in-game fees when the game is live (but the immediate liquidity comes at the price of not getting more ILV and its benefits)

[little herald]

I've staked that amount. Still no rewards. 🤷

[glacial marten]

same

[finite frigate]

(Watching from the sidelines. Just have enough funds for essential paywalled stuff once game launches)

[dire steeple]

whats the eta on rewards , are they actually earning and not showing or not earning at all?

[tacit mesa]

i feel you.. 😢

[tacit mesa]

they are trying to fix as of this moment..

[glacial marten]

shouldnt be too much to fix as this is a simple one sided staking pool

[tacit mesa]

just wanna ask if anyone's already getting some rewards? wanted to make sure before jumping in. hehe

[dire steeple]

nope

[gloomy gazelle]

I think that predicting the apy on that pool is much more difficult. And predicting the ROI is just impossible. However I do believe that the APY in the ilv/eth pool will always remain higher than in the ILV only pool.

[mental spade]

@gloomy gazelle whats the ratio in the ETH ILV pool please

[gloomy gazelle]

50:50

[gloomy gazelle]

!swap

[woven ibex]

You can buy ILV here: https://app.sushi.com/swap?inputCurrency=ETH&outputCurrency=0x767fe9edc9e0df98e07454847909b5e959d7ca0e

In the swap from section, select which cryptocurrency you would like to trade for ILV. ETH is the main pairing and there will be a slight additional conversion fee for other tokens. Click swap, then confirm swap and a new window will come up in your wallet / Metamask. It is recommended to increase the GWEI a little so your transaction gets through. Optimal GWEI can be found by checking the Gas tracker bot in the discord member list and by checking historical gas prices here: https://etherscan.io/gasTrackeristoricaldata

Go to https://www.coingecko.com/en/coins/illuvium and copy the contract address which is 0x767fe9edc9e0df98e07454847909b5e959d7ca0e. Click on metamask, scroll down to add new token. Click custom token, paste the contract address there and confirm.

[gloomy gazelle]

Provide liquidity on sushi and stake the SLP tokens in the ILLUVIUM staking pool

https://staking.illuvium.io/

[tacit mesa]

sir pelican, is there a message here with all the commands you do? @gloomy gazelle

message/post

[gloomy gazelle]

Sorry but using the commands are limited to mods at this time.

But maybe you just want to see all the info… hmm

We might be able to pin it somewhere. But the bot responses are updated occasionally… to match the changing situation.

[tacit mesa]

np.. thanks anyway.. 💕

yeah.. its about trying to filter info and stuff.. cuz we need to process a lotta info.. hehe

we might need that maam ami. 🙂

[gloomy gazelle]

Maybe they could go in #❓〕faq ?

[tacit mesa]

not a problem maam. that was a lot of effort for just 1 person like me.. arigatou.. 🤗

looks good in word.. 💕

[hard sorrel]

APY for XYZ staking says 0 APY, is this an error or have i missed out on the staking value?

[coral umbra]

#xyz

[tight venture]

Are all my rewards being given the rewards section or are any being compounded back into the LP token?

[coral umbra]

yes, in the ILV pool

[fading nexus]

To compound you will have to claim them. But claiming must be worth the transaction costs...

[fresh moth]

Hi can anyone help with unstaking XYZ

[median canyon]

What happens when you try to unstake

[fresh moth]

Ask to Withdrew rewards first did that paid gas fee and still nothing just took out rewards but showing XYZ staked

Went to vesting

[median canyon]

you need to withdraw the xyz not the rewards

can you dm me your vesting page?

[fresh moth]

I just hit withdraw on vesting page then message pops up for taking reward out first

Paid gas fee again but nothing

https://etherscan.io/tx/0xfb02c62a8f8ff9af501d2d9b74c5eec7684989eb2cd97fa71104404f49ac9ecc

Is there an issue somewhere? I don’t understand why I can’t get my tokens out

[median canyon]

Other's haven't had that problem so let me investigate.

[brisk surge]

you have to confirm two transactions - one to claim the single ILV pool and than withdraw XYZ

[regal marten]

Hi guys, have the claiming problems where you could be claiming silv instead of ilv rewards been fixed? Just back from a 2 week vacation..

[median canyon]

Mostly they are fixed. YOu have to claim both at the same time, and it will claim your ILV pool first, then your LP pool.

You might get some sILV dust

[uneven laurel]

i've been using only fast gas since the start and still got some sILV dust, might as well use normal right?

or fast still recommended

[median canyon]

Fast is less about the dust and more about trying to make sure both transactions go through correctly and in order.

It's a pain and I wish we had a better solution but unfortunately we would have to pull everyone out of those pools and it's just not feasible.

The things to keep in mind is the issue is caused by us wanting a way to auto compound your rewards, so you'll get more back in that than you will in sILV or gas spent (unless you have a very small amount staked).

And the sILV will be usable anyway.

[regal marten]

Not minding the silv dust

[uneven laurel]

no worries, the experience is amazing 🙏

@median canyon while i have your attention, i assume we can't do a token split until the farming is over (3 years)?

now that we have started

[silver oasis]

This has been brought to our attention before..and the community decided if it's not done before the staking starts, then it will be a lot more difficult with everyone locked

So i reckon 1st year it will stay like this

But most of us were against it anyway

[median canyon]

Who says you have my attention. Maybe I have ADHD?

That being said I don't think we should focus on that right now, and if there is a solution it would be very very complicated.

My second solution to this was a pretty easy one. It doesn't require us to do anything with the token itself.

[gloomy gazelle]

The staking won't really even end in 3 years. Just the token distribution from the initial dispensary or whatever it should be called

[median canyon]

Yeah it will be millions of years into the future

[gloomy gazelle]

https://tenor.com/view/dmt-ascension-zapillitas-laser-light-gif-12287152

[tight venture]

Is Q4 still the projected launch date? Or is this like a Cardano Q4 which means 4 years lol?

[regal marten]

I'm pretty confident we'll have a game this year, but that's just an optimistic fan's gut feeling 😉

[median canyon]

Yes. Q4 is a public beta. The idea being that we will launch with some of the regions, but not all. And some of the illuvials, but not all.

If anyone wants a leak, the total for the first set will NOT be 150.

[gloomy gazelle]

oh man its gonna be more

so excited

https://tenor.com/view/zombie-shad-corona-funny-face-gif-16694681

[cerulean sierra]

maybe it will be 151, with the community illuvial added to the set

or whampurr, who knows

[median canyon]

lol

[gloomy gazelle]

yessssss

Matt was brought onto the team for a reason

[median canyon]

The database that has them all is more than 150 rows. Quite a lot more

[gloomy gazelle]

oh gosh i was trollin but now... it is true!

[median canyon]

But that's because the Tier 0 are quite a lot, but we aren't counting all of them.

So the true number of distinct entities is higher than 150

[gloomy gazelle]

ahhh I had wondered about that

there it is...

[median canyon]

For instance there are 15 Doka

But we only count 5

Because the stages for the tier 0 don't significantly change. They just get stronger.

[gloomy gazelle]

https://tenor.com/view/eating-popcorn-go-on-listening-im-listening-im-watching-gif-17804318

ahah i see

[median canyon]

FYI we are still having fights on the names of some of them.

[gloomy gazelle]

so is doka based on a bird or not?

[median canyon]

That's a really good question.

[gloomy gazelle]

I am ready to settle any disputes with sage wisdom

the nostrils...

[river scaffold]

I see we have to unstake from the current XYZ flash pool and a new pool will be activated shortly. Any ETA on that pool? too bad have to double spending gas to stake this one but its cost of doing business sometimes

[elder plinth]

If I locked my sushi LP for a year can I take my reward out every month still ?

Or should I wait a whole year too for rewards ?

[gloomy gazelle]

24+ hours I'd think

[gloomy gazelle]

your rewards will be locked once they are claimed. You can claim your available rewards whenever and then they will be locked for 12months from that point

[median canyon]

yeah. Sorry about that. There is no ETA. We have a version on testnet working at the moment and just running some tests. About a dayish I think.

The issue is that XYZ has such a high supply that the variable precision we were using wasn't enough to stop everyone from rounding down to 0.

[median canyon]

Well we still need a name for the stage 2 and 3 Thylacine.

The stage 1 is Dash.