🥩〕staking

[gloomy gazelle]

we can work on this in #💥〕leaks-discussion for sure

[mental tangle]

On it 😂
Must find pics and class/type info

Pics of fused forms or class/type/morphology?

Kk

[brisk surge]

hot dog, my slow claim went through last night

21 gwei feels good

but I miss 4 😭

[gloomy gazelle]

aha nice

glad I didn't steer you into failed transactions

[brisk surge]

I was sweating. Still cost me like $50 to claim

Pending forever is a big oof. Eth needs to get with the PoS.

I like fast feeless crypto. Not used to whale snail chains.

[elder plinth]

Ok so there’s no point to claim them right ? Only gas fee

Or is there a way to compound ?

[gloomy gazelle]

when you claim the reward it gets compounded... vested into the ILV only pool at 2x weight for 12 months

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

[elder plinth]

Oh nice !

Thanks for the answers, appreciated

[mint cave]

this original looks so wimpy after seeing the edited one so many times 😆

[gloomy gazelle]

yeah you did some sick work

[queen horizon]

so will the new XYZ pool launch in the next 2 hours or later?

[brisk surge]

I wonder how much xyz makes the pool worth it

I only have about $300 worth

[gloomy gazelle]

That would be plenty I'd think... that APY is gonna be pretty high

[brisk surge]

Will it happen in the next few hours?

I'm about to start my show.

Hope not!

[silver oasis]

prob not Trigger

[gloomy gazelle]

no it'll be closer to 24 hours

[silver oasis]

they did say roughly about 24h

[queen horizon]

ok nice

good to know

[regal marten]

idd, in about a day, but no official eta is what I understood.

[silver oasis]

that's highly dependant on the pools APY

i made some calcs and atm with my estimates i would prob be better off selling the XYZ stack that i have instead of staking

but i need to see that APY again when it starts

[manic spindle]

The APY was ~1.200% for quite a while after staking began. Still not worth if that (unlikely) would stay all 14d?

[silver oasis]

i did my math based on a 1200% APY over a 14 days stake vs selling XYZ at current price

the ILV amount in the end was less (price wise) and also vested for 12 months vs having 35% more in USDC now if i sell the XYZ

[manic spindle]

Interesting.

[silver oasis]

but i don't have a massive XYZ bag

[manic spindle]

I only got like 4750 as well but since I already staked once and need to withdraw now, I'm just gonna re-stake and hope for some nice gains that somehow make up for it. Maybe by having a higher XYZ sell price afterwards on top or something 🙂

[silver oasis]

that's what i hope for also..also like your case i have to withdraw now also

XYZ had a pretty wild pump these past 2 days

i think it will retrace a bit soon

so decisions decisions ....

i am probably gonna keep going with the stake also and just sell XYZ after if the price holds

if not ..back to DAO with it

[river scaffold]

Is anybody bullish on XYZ to hold after the staking period is over. I seen Delphi had a podcast with the co-founders. Havent listened to it yet

[sharp spear]

What is XYZ???

[queen horizon]

i think a lot will depend on the APR for the flash pool

at 700% it might be worth it for some people to buy and farm

[river scaffold]

I was thinking the same, selling shortly before staking period is over if XYZ did multiples, convert to ILV and up my ILV pool. Ill look more into it and decide but there's a few good options forsure

[regal marten]

i would call it a nice recovery 🙂

[river scaffold]

When you claim ILV rewards does it compound automatically or is there another step to add the rewards to your pool?

[silver oasis]

most of us haven't bought it ..we farmed it with ILV before the in house staking started

so we don't have a huge amount of it

i mean most of us

and a lot just dumped it after every epoch to buy ILV

[silver oasis]

y i guess so ..hence it had a nice starting price

[silver oasis]

when u claim they get vested for 12 months and if u claim more than once(obv with a big XYZ bag u can have a nice return) yes, they get auto compound

[mental tangle]

Anduro is math guy 👏

[queen horizon]

yeah makes sense. I bought in in anticipation, but sold it already. I made what I would have made with staking for 2 weeks at 700%, so i just lokced it on

in

[silver oasis]

lol here we are talking about gains and shit and mother mainnet and father crypto just take a shit in our porridge

XYZ is falling from the tree haha

[manic spindle]

lol?

From 0.22 to 0.16 that fast? Man, their low market cap really makes it super volatile

[silver oasis]

hehe exactly

2 sells of 30+eth and price tanked 27% lol

[manic spindle]

Guess I'm gonna stake first for sure now 🙂

[queen horizon]

its getting cheaper now hehe

[silver oasis]

lol i just realised XYZ don't even have 1k holders

and i bet more than half are from our community lol

i guess we could get a sweet deal in the staking ..all considered

anyway ..enough about stakes and gains and all this money and wealth nonsense ...netflix and chill

i'm still on holiday for god sake

😂

[manic spindle]

Enjoy! 🙂

[gloomy gazelle]

Check #xyz

There was an issue and a new pool needs to be opened.

[mint cave]

new pool has not been deployed - wait for announcement

[gloomy gazelle]

There’s a lot of holders staked I’m sure.

But that just means it’s off the market

But probably not as many as ILV has

[unborn talon]

Woo, just staked my first 10 ILV

[twin skiff]

hey guys

how does it work with staking SUSHI LP into the Core Pool?

because I just bought some SUSHI, but it doesnt show on the Illuvium site

[glacial marten]

Xyz staking live yet?

[tacit mesa]

not yet.. not everyone has withdrawn from the previous pool..

[gloomy gazelle]

That will not be the deciding factor. I’m afraid Some people will still be on the old one while the new one becomes active.

[tacit mesa]

oh.. i think thats better.. they can start with the new one while the other is still active.. but i thot aaron said they had to get everyone out first? or did i miss something?

[gloomy gazelle]

Ah yes. But it only says that they don’t WANT to start while people are still on the old one. #xyz message

They could and might have to

[tacit mesa]

you went in ahead or r u just waiting for the new one to live?

[glass carbon]

I think you're misunderstanding what the SLP tokens are. It does not involve sushi tokens. There is no way to stake sushi tokens at this time. I'd recommend looking up what liquidity providers are and then come back if you still have questions!

[ember basalt]

so I'm pretty new to staking, I have some rewards in the rewards tab. is it advisable to claim it or just keep it there for more gains?

[trail mountain]

depends on the current cost of gas and the amount of rewards you've accumulated.

[ember basalt]

so if I try to claim it, it will theoretically go to my wallet?

cause I chose the locked option

and I thought I would only be able to claim after 12 months

[trail mountain]

Once claimed ILV rewards vest after 12 months where they auto-compound until then. If you choose sILV you can use that in game once it launches, but I don't think auto-compounds

So if you locked X tokens for 12 months, after 12 months you can unstake and withdraw them. Rewards can be 'claimed' at any time, but if claiming ILV, those rewards also lock once claimed for 12 months and compound until withdrawn

[ember basalt]

so claiming it doesn't really mean go to my wallet but instead reinvest for 12 months.

[trail mountain]

Yes

[ember basalt]

alright understood. thanks for explaining!

[ruby wing]

Any advice for claiming when you have some in both LP and Single asset pools? It is my first time doing it and I dont wanna mess up

[junior shuttle]

if you want to claim both claim SLP pool because it will claim for both

otherwise just claim ilv

[finite frigate]

He said Sushi Liquidiy Provider (LP or SLP) tokens, not Sushi tokens, which is different from each other.

[ruby wing]

Great thanks!

[glass carbon]

bruh #🥩〕staking message

[finite frigate]

Aw, sorry read the 2nd line but scanned the 3rd.

Aw he bought Sushi token T_T

[finite frigate]

Sushi Liquidiy Provider (LP or SLP) tokens are not Sushi tokens. They are different from each other.

[gloomy gazelle]

It will run the two claim transactions one after the other. You will need to approve two transactions. Be sure to use the SAME gas speed. It will claim the ILV only rewards first and the SLP rewards second. It’s time between the two transactions that may result in sILV dust. But if the gas is the same it should process both very close together. (Joe, who really seems to know what he’s doing stated that fast is not necessarily needed it’s the same gas price that matter most) I haven’t claimed mine SLP yet. So I don’t have first hand experience.

[ruby wing]

Thanks!

ur the best

[gloomy gazelle]

It’d be ideal to have enough rewards in each to want to claim both

[ruby wing]

waiting for gas to come down to closer to 15 before claiming

[gloomy gazelle]

Haha

Very smart I’d think.

[ruby wing]

maybe even just gonna wait longer till single d

Sunday could be the play

[gloomy gazelle]

It must. If not today then…

Yeah

[primal dagger]

you can put through the tx anytime if you arent using the account for anything else

my tx always sit there for a few hours before going through

[gloomy gazelle]

Sounds like the same happened for @brisk surge it was pending waiting for awhile but went through over night.

[gloomy gazelle]

Was it for your SLP rewards or something else?

[brisk surge]

SLP. So it was two queued tx

[gloomy gazelle]

Did you catch any sILV?

[brisk surge]

Nope! Actually didn't. Made sure gas was the same for both

[gloomy gazelle]

There it is folks. It works.

Love it thanks man

[finite sinew]

Hi I have a question. If my vested amount was unlocked, will I have the option to restake it? I'm trying to avoid gas fees here.

[simple gull]

Is the flash pool staking with SYN still openV

[gloomy gazelle]

You must mean SNX. no. It’s closed

The XYZ flash pool will reopen in less than 24 hours I think.

[simple gull]

Is the flash pool a once off? Or opens up weekly?

[gloomy gazelle]

The currently listed XYZ flashpool had issues. They are making a new one.

[gloomy gazelle]

The community will propose new flashpools.

The council will vote for them. #809220563397902346

The flash pools last forever 14 days.

Or should

And will likely have more than one chance for SNX staking. But not for awhile.

[simple gull]

Okay thanks. I want to find out more about flash pools with SYN. Where can I find that? Or when will a new SYN flash pool open?

[gloomy gazelle]

Will get to other projects first I’m sure.

[gloomy gazelle]

Ask in #snx

I don’t hold any SNX

I believe there is a synthetic discord

[coral jackal]

I’m going to randomly wake up in the middle of night tonight to low gas prices so I can claim

I’ve decided

Therefore it shall be

[gloomy gazelle]

@daring gale are you looking for this? https://staking.illuvium.io/

[gloomy gazelle]

If you’ve got no other transactions you need to do you could set it low and let it process while you sleep

Checkout this starting here… #🥩〕staking message

[coral jackal]

I know. I saw that. Tried it the other day and had to cancel both transactions which made me feel even worse about not claiming 😢

Very cool that it works like that though

[coral umbra]

https://tenor.com/view/the-simpsons-cheif-wiggum-oh-right-the-gas-cigar-stupid-gif-20374485

it is there

[daring gale]

so after staking you get ILV rewards go straight back into the stake or manually claim every day/week/month?

[coral umbra]

you have to manually claim it. and it will go to ILV pool and vest for 12 months

[gloomy gazelle]

Yup this

@daring gale sushi LP is for those that hold the sushi liquidity provider token from providing liquidity on sushiswap for ETH/ILV

!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]

You wouldn’t swap if you wanted to do this you would PROVIDE LIQUIDITY there. When you provide liquidity you get SLP tokens in your wallet. It’s those SLP tokens that you stake on the SLP pool on Illuvium staking site

[daring gale]

okay thanks for all the help guys

So if I want to go stake my measely ILV i just lock it in for like 26 weeks, and then I need to go claim the rewards every (how long?)

[tribal roost]

Claim whenever you see fit, i am waiting for lower gas fees. You also have to claim everytime you stake @daring gale

[coral umbra]

you can check joe's sheet at pinned msgs if it helps. its up to you to follow

[tacit mesa]

sir @gloomy gazelle . whered ya get the info about the resumption of the XYZ flash pool in 24 hrs? hehe

[gloomy gazelle]

Only an estimate. But from Aaron

[gloomy gazelle]

Probably was in mod chat

[tacit mesa]

copy.

[agile garden]

I already claimed my SNX rewards but when i try to withdraw it asks me to claim again? why do I need to pay gas for 0 claim before exit the pool?

[polar apex]

may be a dumb question, but does the gas fee for staking change depending on how much you're staking / claiming?

[primal dagger]

Nope

[polar apex]

thanks

[primal dagger]

If you are ilv only pool it's just one tx each time. If you're in both pools or only the slp pool then there will be two tx to claim

[polar apex]

yeah i was about to stake on the ILV pool last night but it was something like 30 usd in gas

which i thought was ridiculous, so just going to wait a few days til it comes down

[coarse harbor]

I gotta start using the channels correctly, sorry mate 😩

[manic spindle]

@coarse harbor the weight shown when looking at the details of a pool are related to the overall yield farming numbers. Without any flash pool active, single $ILV gets 0.2 of all the token rewards, while the LP pool gets 0.8. An active flash pool reduces it a bit for both of them depending how much weight that flash pool gets.

[manic spindle]

No worries 🙂 You can find more info here as well: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[coarse harbor]

Ahh perfect, yep that makes sense! Cheers for the knowledge mate, i know you've probably got similar q's asked heaps 😅
I'll give it a read now, thanks again gangsta

ahh makes so much more sense now

"Initial Pool Weight Ratio 96:4
Final Pool Weight Ratio 50:50"

[manic spindle]

That is related to the Balancer Sale, which has been completed a while back already. You want to loom at the part of "Yield Farming Rewards" in that article related to the staking pools

[coarse harbor]

yea i read on to find that out.
last and final question but it doesn't seem to be covered.
So when you claim the ILV rewards in the sushi lp core pool, i'll technically then be earning rewards on top of them. Does this also apply if i choose to claim as sILV?

[manic spindle]

sILV are only for in-game use and do NOT provide any additional yield farming rewards or revenue shares. If you want to liquidate your rewards instantly without a lock of 12 months, then you have to chose sILV to pay for some in-game fees but that comes at the price of wavering the benefits of having more $ILV. There is a trade off only you can decide for yourself.

[swift karma]

any info when will the new xyz flash staking pool will be active?

[manic spindle]

Not yet and #xyz 🙂

[coarse harbor]

yep understood, definitely makes sense to me to claim as ilv now and when the game is released maybe claim a week's worth for in game use 😄
you're a wealth of knowledge brother, hope they're paying ya! 😆

[wary oriole]

Im only going to claim sILV every week now.

[wary oriole]

Actually might do this.

[coarse harbor]

Makes more sense as i don't know how much ilv/silv you'll need for the game but at $100 a token now i can't see it being too much...otherwise it would prevent a lot of users from playing due to affordibility issues.

How long did you lock up for? I just did a week for a test. But will lock it up for minimum 6 months. Not sure if i want to lock for 12 as i want to add to this bag and don't want to have that amount of eth locked up when/if the market crashes if we have another leg up past the 100k zone

[queen horizon]

yeah me too i think

wanna buy all the land

[wary oriole]

Hahaha

[urban scroll]

Just a quick question, How does an outside project go about getting a “flash pool”?

[nocturne shard]

My question is, how do I unstake from the flash pool?

[manic spindle]

One option would be to contact Kieran and discuss it with him to see if that project is something that can be put up for vote to the council.

[urban scroll]

Ok thank you. Just doing a little unofficial scouting atm

[exotic igloo]

Omg gas going down

Will be able to claim tonight

[nocturne shard]

seriously how do you unstake?

[exotic igloo]

Vesting page

[nocturne shard]

form the flash pool...

[exotic igloo]

Didnt see your question before

Yes, either from flash pool page I think they added a withdraw button or from the vesting page where you can see your deposits

[nocturne shard]

oh ok, thank you

[nocturne shard]

No withdraw button on flash pool page yet but vesting page has it

[final steppe]

Correct! 👍
Were you able to successfully withdraw?

[nocturne shard]

Will eventually just waiting for gas to reduce.

[serene fjord]

Very basic question…. Where can i find more details about the xyz flash pool? (How long will it run for, how much ILV are allocated to it, can the rewards be claimed at any time or is there some vesting / i think it’s 12 months?… etc)?

[manic spindle]

Flash pools last 14 days, rewards pile up until claimed. Claiming can be done as sILV (immediately available but only useful to pay for in-game fees) or $ILV (12 months vesting period where they are locked but also staked in ILV pool with a weight of 2.0). XYZ tokens staked can be withdrawn via "Vesting" at any time. Also #xyz 🙂

[serene fjord]

Thanks, for the quick & detailed answer. Any indication of the amount of ILV rewards that are allocated to the pool for those 14 days?

[manic spindle]

I saw that number somewhere but don't have it in front of me right now, maybe someone else can jump in here. In general, you can find yield farm specifics here including the weight for both core pools. Flash pools then take a fraction of that yield while running. Not sure what the weight was for XYZ.

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

[ashen spoke]

IS THE SUSHI/ILV LOCKED STAKE WORKING?

soz caps

[exotic igloo]

Yes

[ashen spoke]

Weird trying to add max stake have equal off both not getting anything

[finite frigate]

Send screenshots so the experts here can diagnose your issue. You can blur out the amounts for security purposes.

[hexed bough]

You first need to get SLP tokens by LP'in in the Sushi pool here:
https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E

[ashen spoke]

oh yeh opps

Lol little bit tired..

thanks

[gloomy gazelle]

“I get an error when trying to claim sILV 'cannot estimate gas; transaction may fail...'. Does anyone know how to resolve this?” Anyone got help for @wise turret ? This was posted in #snx hours ago. I gave only simple help so far

[hexed bough]

soz, I forgot to reply. I did test and I think the issue may be that too much time is passing between clicking claim and following through in your wallet @wise turret. Are you still seeing the issue?

[wise turret]

Thanks Pelican! I only get this problem when I want to claim sILV and not for ILV

I will try again now, but it was almost instant

[gloomy gazelle]

My man is on it. Noice

[unborn talon]

I have a quick question you guys might be able to help with. I staked some ILV yesterday, and already have rewards. If I don't touch the rewards, are they automatically compounded in my initial staking pool, or should I claim them as often as possible to restake them? OR am I completely misunderstanding wth i'm doing 😄

[gloomy gazelle]

You need to claim them for them to compound.

But to save on gas I’d recommend claiming the “right” amount of ILV

[unborn talon]

Okay, so would it be best to wait until I have at least 1 token before claiming then?

1 FULL token that is

[gloomy gazelle]

Check pins for some links to calculating spreadsheets

[gloomy gazelle]

No more like 3+ at this APY

[unborn talon]

Awesome! Thank you so much for the help

[gloomy gazelle]

What matter is how much will your claimed tokens earn before your next claim.

It should be more than you gas cost. Because eventually you’ll be able to claim them later at cheaper gas and in a bigger pile

[unborn talon]

Is there any harm to just let it sit, and accumulate as a reward? Or is that just inefficient for getting a return on investment

[gloomy gazelle]

It will be fairly minor inefficiency.

You could claim at 10ILV and be fairly sure you’d not be wasting gas.

[unborn talon]

Hmm, that makes sense

[gloomy gazelle]

#🥩〕staking message

These files are effective

[unborn talon]

I'm still very new to staking projects, so I really appreciate the suport. I'm excited for this project too, so I want to be sure i'm doing this the right way

[gloomy gazelle]

And simple to use. You just need to copy the file and run the numbers

Hey man me too. But I’ve certainly been learning a lot

[unborn talon]

It's a brave new world out there on the internet with projects like these

[wise turret]

I still get the message yeah, I can't follow through in my wallet at all btw bc I instantly get the message before metamask even pops up

cannot estimate gas; transaction may fail or may require manual gas limit (error={"code":-,"message":"execution reverted: insufficient privileges (ROLE_TOKEN_CREATOR required)","data":{"originalError":{"code":3,"data":"0x","message":"execution reverted: insufficient privileges (ROLE_TOKEN_CREATOR required)"}}}, method="estimateGas", transaction={"from":"0x","to":"0x","data":"0x","accessList":null}, code=UNPREDICTABLE_GAS_LIMIT, version=providers/5.4.0)

This is the message I receive with all the data blocked out

[hexed bough]

Ah shoot. What wallet are you using?

[wise turret]

Just a standard ethereum wallet on metamask

connected with a ledger, if that makes any difference

Yeah tried that as well, same problem

[hexed bough]

Yea likely, we'll take a look mate and get back to you asap

[wise turret]

ok great :)!

[queen horizon]

Ah I thought this info might be better suited for thi channel. Ok, here some data regarding ILV and SLP_ILV stakers. Seems like we have quite some LARPers here 😅 . Just kidding, but nonetheless interesting that not many people are keen on locking tokens longer term.

And here Sushi Pool

Sushi amount is in SLP. so you would have to convert it to the respective ETH/ILV values if you wanna know the exact numbers

[tacit mesa]

yeah, thats understandable i guess.. not everybody reads as much or observes how the community grows or even just read the white papers. majority still fear the speculation. 👽

[queen horizon]

yeah i guess, almost makes me wanna lock it up for 2 years because most people just dont lock it up at all

[tacit mesa]

these guys in the june 2022 unlock were those that got the heads up and i think were the early birds.. quite the bullish ones..

[river scaffold]

Thanks for the charts! I also thought a lot more people would have tokens locked

[queen horizon]

yeah looks like it, and i feel like it is the smart move now with most people not locking anything

[river scaffold]

Higher risk higher reward. Only thing that would suck for locking if ILV did 20x before the unlock period is done and can't take profits. But once unlocking period is done you can leave the tokens in there at the same weight. they don't lose pool weight until you withdrawal even after the locking period which is really cool

[tacit mesa]

hehehe.. until its surefire for the project or that the marlet tells so, the majority will still stay away from the far end.. 😀 and im cool woth that..

[queen horizon]

Your welcome. Yeah it was also a surprise for me. I thought it would have more pronounced spikes around december wehn beta launch was anticipated

[queen horizon]

Yeah seems sensible. I dont think locking in for 1 year now is best, but something like 8-10 months might give a good compromise of higher return and felxibility

[tacit mesa]

yeah, or maybe just make it halfway or so.. we surely cannot predict the future.. but wealth usually favors thoae that think differently..

[queen horizon]

yeah i think i like something around 8-10 months most now. have to play around a bit wit the returns

[tacit mesa]

i think you also have to look at it long term, but depends on how itll perform.. some of the guys i heard are in it for the long haul.. holding until the next projects.. for mid term, itll be for the revenue distribution..

[river scaffold]

I'm definitely long ILV. Being in this discord for the last 3 months and seeing the development you'd be a fool not too, unless your goal is to swing trade

[queen horizon]

yeah long ILV is not a bad choice hehe

[tacit mesa]

yeah . my take . 🔥

ive heard of this since march i think and was kinda disappointed i wasnt able to get to the airdrops and nfts.. 😭 just recently joined the discord somehow..

[queen horizon]

Yeah i havent been actively watching since only lately too

wasnt sure to invest at IDO so I didnt

but now got a nice stash of ILV

[gloomy gazelle]

Interesting info. Did you dig and find it on etherscan and create your own chart or what?

[tacit mesa]

yeah.. didnt ask.. howd yoi get the chart?

[queen horizon]

haha dont ask

it took me over a day

had to work around some issues because i had to scrape from etherscan directly. I couldnt get the unlock date via API so I had to manually scrape it. So I had a Python script litterally opening and closing 3k tabs and downloading every page as an html file. Then some Beautiful Soup and Regex Python action and I got the data I wanted

There must be a better way but I am just smol brain ape

[trail mountain]

Headless browsers are pretty good for scraping stuff, and usually have handy stuff like CSS selectors and ways to navigate between pages. Never done it in Python (only Node), but this article seems cool.
https://usetrove.io/blog/headless-web-scraping-with-python/

[queen horizon]

yeah i tried it with selenium before but had some issues with loading times. thanks for the link ill check it out

[trail mountain]

Ahh right on! 🙏

[queen horizon]

hahahha shit

[gloomy gazelle]

Check #💬〕general the dumper wallet is sharednthere

[tacit mesa]

godly. 🔥. of course from a perspective of someone not as tech savvy as you are.. might want to get advice from you later on.. 😀

[queen horizon]

I am just acript kiddy palying around with python

i would recommend it to anyone

[primal dagger]

nice work!

[gloomy gazelle]

Really so few are locked?

That’s wild

https://tenor.com/view/whoa-illuvium-ilv-illuviumio-yield-farming-gif-22290955

https://tenor.com/view/i-would-put-it-in-what-i-call-a-lock-box-lock-box-advise-just-saying-press-release-gif-13008031

[mental tangle]

Lol, I'm one of the nerds locked for a year :P

[eager ermine]

ive got a pseudo vesting schedule over the next year

i have like 7 different lockups

[queen horizon]

Thank you for your sacrifice 😄

[night cypress]

i keep getting "out of gas" errors when trying to claim my ILV rewards (so I can stake more) even though my gas price is above the current "high" 🤔

[cerulean sierra]

Did you pass by the gas station first?

[raven aurora]

i saw that the staking of SNX is finished ... how do i collect? other staje will be done with SNX?

[cerulean sierra]

First Xyz, then unknown

[amber iris]

What range yall looking to add?

I was thinking if dropped back to like 60-70

[hexed bough]

Hey, can you DM me the tx id and also confirm your wallet + browser setup? If anyone else is having similar issues, can you also do the same? Thank you!

[mental tangle]

Have such small holdings i had to lock for a year to make it worth while 😅

[sonic wolf]

just add 1 or 2 in front of the gas amount

[leaden river]

is there a considerable risk of impermanent loss in the eth/ilv pool?

[mental tangle]

yes

the loss is if you dont invest

nfa

[gloomy gazelle]

https://analytics.sushi.com/pairs/0x6a091a3406E0073C3CD6340122143009aDac0EDa here is the pair and what it’s done so far.

[brisk surge]

How can we stake ILV?

[junior shuttle]

#🔗〕helpful-links under medium articles. May need to scroll a bit.

[brisk surge]

Thanks! 😜

[amber iris]

wait thats it? That's not bad at all

tho ig its from a period of nothing but decline in crypto

[gloomy gazelle]

There is a link to the guide at the bottom of the staking page too. There’s a link to the staking page pinned in here.

[gloomy gazelle]

It depends when you added liquidity too.

[brisk surge]

Thanks! 😊

[amber iris]

ah yeah true haha

[iron owl]

I staked ILV for 12 month and 6 month to test out two staking period. There is only one reward line for the 12 month lock but not a separate line for the 6 month locked. Is that correct? I hope for separate two lines for rewards since they differ in maturity time horizon.

[exotic igloo]

Answered you in #814313779696238642

[iron owl]

thanks

[queen horizon]

Just kidding man. I think its not that bad to lock it up longer

[brisk surge]

If we lock our staking for one year, we can reddem sILV? Or we have to wait one year?

[coral umbra]

if you choose to claim sILV you can use it immediately when the games starts

In game things like curing shards, travel, forging, etc. sILV can be used for this. Anything where you are paying the game directly.

[brisk surge]

Even if the staking is locked for one year, can I claim sILV before the end of that period?

[fervent drum]

Yes

[coral umbra]

yes ma'sm sILV is unlock

[brisk surge]

Oh that is cool! Thanks you all!

[barren tusk]

How did you get this data? Did you compile this yourself?

Also, thanks for sharing!

[sharp spear]

Great work, much appreciated! I just locked up half my ILV for 12 months on Sushi, so we'll see. My thinking is Synthetix was (is) built for the long term, I would imagine the ethos of Illuvium will be similar. They will do whatever they need to do to make it successful.... I staked my other half without lock up to sell if there is a huge run up, just to lower my overall risk. We'll see!

[finite frigate]

Great work! This will help the community's noob programming members. Hope the universe would reward your efforts!

[queen horizon]

scraped it from etherscan in a ver inefficient way

your welcome

[strong wharf]

@queen horizon beast

[queen horizon]

Yeah, the more i think about it the more i like the 1 year SLP lock up

[queen horizon]

haha, thanks

[sharp spear]

And there is no rule you need to lock up everything you have for 12 months, i.e. all or nothing. Lock up a % with which you are comfortable, the rest you can manage in a more flexible way.

[queen horizon]

yeah 100%

[tacit mesa]

glad to see everyone backread what @queen horizon made there.. the man deserves praise fow that..

[queen horizon]

thank you, appreciate the kind words

[exotic igloo]

Gwei is never lowering...

[fading nexus]

It was 20 early this morning Dutch time..

[kind loom]

Been waiting for 1 week 🥲

[exotic igloo]

Claimed at 15 last night

Was still too muxh

[kind loom]

I will wait till it's sub 10

[fading nexus]

The longer you wait, the less it matters if it is a little higher 😉

Or just put more $ in haha, then it matters less and less.

[kind loom]

My stack is not big enough, but I'm broke..

[queen horizon]

i pray every day

[kind loom]

Today is the day, I can feel it 😉

[queen horizon]

please

[brisk surge]

I'll invest a little bit each month 😜

I can't invest a lot, but something is better than nothing 😂

[exotic igloo]

Low gas, withdrew my XYZ tokens from the XYZ DAO

Ready to roll

[wary oriole]

same

[coral jackal]

Finally claimed rewards just now for the first time in a week

Feeling so much lighter 🎉

[wary oriole]

hahahah nice

[tacit mesa]

just over a thousand and were good to go..

[brisk surge]

I'm going to be traveling cross country for 2 weeks and will be on my phone. I've tried claiming on mobile for SLP but sometimes I only get one of the 2 tx , and I can't adjust gas

Any tips for mobile claiming?

[coral jackal]

I’ve had the same issues with mobile. The 2nd transaction never pops up.

[ashen dust]

These gas prices are crazy. Been waiting days to claim and usually the weekend is a good time. I saw it went down to 16 earlier today but I like to claim in single digits. I can’t believe gas is at 44 right now!

[ember basalt]

it was around 16 earlier

hopefully it goes down tomorrow

i'm also waiting to buy sushi lp

[stark apex]

what's the usually time that gas fee are low?

[plucky kite]

Anyone tried buying ETH using WYRE in metamask? My Credit card doesn't work on binance

[rancid rune]

How does Compound Vesting work? I'm assuming it's required to Claim the ILV in order to Vest it but does it go into the ILV Pool where it'll compound your rewards?

you won't get any compounding benefits from rewards until you claim it, correct?

[coral umbra]

correct

[gloomy gazelle]

I have used WYRE on a different thing. It’s ok. Watch out for those fees. Coinbase is good IMO for direct bank transfers

[exotic igloo]

3rd party crypto on ramp fees are crazy

[coarse harbor]

Can you not use the PayID option?
FTX and Binance are the best options, in that order

[plucky kite]

yeah price like 3% of total value

[gloomy gazelle]

Maybe additional fees from credit card company. Potentially at cash advance rates

[plucky kite]

I'll try Wyre instead. also does staking fee is fix or it depends on your total stake value?

[exotic igloo]

ETH transactions don't depend on amount.

[tacit mesa]

hey guys.. just wondering if itll be possible later on to merge stakes? or is it just better to wait until you have higher capital? what are your take?

[exotic igloo]

Merge stakes?

[tacit mesa]

sorry.. my concern is that, i shouldve waited longer to have bigger capitak to stake, cuz i think its too much of a hassle having to many rewards to claim and gas taking up money..

[exotic igloo]

If you stake in the same pool

The rewards accumulate together

So it doesnt mater if you add later on

[tacit mesa]

owwww.. as long as its inthe same pooool.. got it.. i wanted to ask cuz i never tried.. thanks mate..

so basically this answers my question that the stakes you do merges when you make a new one.. ok. thanks for helping.

[polar apex]

if you stake for a fixed period, lets say for example 1 month, after the staking period is done does it automatically move it back into your wallet, or does it go to the flex staking?

sorry if thats obvious, i've only staked on binance prior to this

[exotic igloo]

If you lock for 1 month, your tokens stays staked but they are available to withdraw

They will keep the weight they got from locking 1 month

[polar apex]

oh i see

thanks

thats much better then, i was initially concerned you'd have to re-stake it if you chose to lock it for a shorter duration

[river scaffold]

This is the best feature. Remain staked for 3 years at 2x weight before consider touching it. Once you do unstake, are you able to unstake a portion or do you have withdrawl the whole amount?

Example withdraw 1/2 and leave the other 1/2 at the increased pool weight?

[coral jackal]

I put in an overnight claim at 10 gwei. Took 18 hours but it got filled. Knew I wouldn't be buying anything else today so it worked out. Make sure you use the same exact gas for both transactions if you take this approach.

[exotic igloo]

They are batches

So what you see in vesting is batches you can withdraw

If you all staked in one transaction you can only withdraw all that deposit

You cannot split

Maybe a function to split or withdraw all available unlocked tokens will come later on

[ruby wing]

Time to claim

XD

[gloomy gazelle]

maybe

[ruby wing]

I am ready to go

waiting for sub 10

[gloomy gazelle]

that'd be good

@modern blade do you mean how to connect metamask to https://staking.illuvium.io/ ?

there is a guide here... https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac

[gloomy gazelle]

@devout ginkgo to withdraw you will need to claim the rewards.

To add your rewards to your staked balance you need to claim the rewards. Claimed rewards are added to vesting balances as locked for 12 months.

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

[wary oriole]

Agree

Compounding

[daring gale]

is there a fee associated with claiming rewards?

If I stake for 52 weeks, when should I claim?

[manic spindle]

Gas fees have to be paid when claiming, yes. You need to evaluate for yourself when your piled up stack of rewards is big enough to make paying gas fees worthwhile.

You can try to see if this helps your decision making process: #🥩〕staking message

[daring gale]

makes sense, thanks

[dire canyon]

staking in Illuvium is ILV-ETH or ILV-wETH ?🤨

[manic spindle]

Staking can be done with $ILV only or by providing liquidity on Sushi in the $ILV/$ETH pool and then staking the acquired SLP tokens on the ILV staking website.

[faint shadow]

Hey all, nice to join the community!
Could I ask the learned folk here a few questions?

• when you claim your rewards, is it possible to claim only one of the two types? (I am doing both LP staking and straight ILV staking.) or does it make you claim both sets of rewards at once?

• in the vesting section, how are the re-invested (compounding) rewards shown? Do they appear in the vesting amounts growing, or in the normal rewards area?

• given each claim will have different maturity times in the vesting area, will we be able to claim all vested rewards at once once they have all reached 12 month vesting stage? Or will each batch have to be taken separately once unlocked, meaning lots of separate transactions in future?

[strong wharf]

welcome @faint shadow

I see @manic spindle is already typing so I'll leave it to him 😄

[manic spindle]

• If I remember correctly (someone please confirm), you can claim single pool rewards individually but when claiming LP rewards it has to claim both pools.
• When you claim your rewards they are shown under "Vesting" just like the deposits you staked yourself manually. The difference is that one has "Deposit" the other "Rewards" as data for the "Source" column. The compounding happens by simply more rewards piling up again, because claimed rewards are staked in single pool with 2.0 weight.
• Currently every individual batch has to be withdrawn individually. There might be options to withdraw all or allow for splitting of batches in the future, but no promises on that at this moment.

[mental tangle]

I know if I want to claim I should claim sushi pool.
But if I want to stake a couple more new coins as well as claim I should just go directly to staking, yes? That should also claim rewards at the same time?

[faint shadow]

Appreciate your detailed response mate, thanks.

The fact the all claimed rewards are auto staked back at 2.0 weighting in the single ilv pool is superb!

[spiral flame]

Hey guys. I have some ILV how can I stake on Suhi LP pool?

[strong wharf]

https://app.sushi.com/swap#/add/0x767fe9edc9e0df98e07454847909b5e959d7ca0e/ETH

add liquidity here

than stake your SLP tokens on https://staking.illuvium.io/

@spiral flame

[queen horizon]

Yield on top of yield on top of yield, you just win

[tacit mesa]

hey, @queen horizon , youre here.. just curious how much it had changed in the past few days with the volume of people for different pools as what you have made before.. 😀

[queen horizon]

I guess not much, but havent run the code anymore

[daring gale]

Do you guys leave your rewards for some days before claiming?

i used the calculator and you make profit after about 22.5hours

[exotic igloo]

I only claim during the weekend now

Gas too high during the week

[queen horizon]

Yeah agree, if youre smaller in size you should really be selective about claiming. Sunday is usually the cheapest

[daring gale]

thanks for the tips, i'm definitely small. i'm blown away every day by how much cash you guys have for these projects... one day i'll join you 🙂

[manic spindle]

No one should feel sorry for not having the same amount to invest like others. We're all on our own journey. Every profit you take with you here brings you to a new level 🙂 Also, some here are also just bat shit crazy and simply decided to throw somewhat larger loans at this project instead of continuing to build the business they already had started to invest into tries to avoid a mirror 😄

[mental tangle]

Also blows me away 😜

[queen horizon]

Very important, its not about where you start but where you finish

[tacit mesa]

all this inspiration makes my eyes watery 😭

[river scaffold]

As the man with gorilla hands says. People over estimate what they can accomplish in 1 year and underestimate what they can achieve in 10 years. Invest wisely and for the long term and you might just be a whale come the next decade 🐋

[queen horizon]

100% this

[zinc sluice]

Dont get me excited...you had me at ILLUVIUM

[brisk surge]

@exotic igloo you only claim on the weekends?

[strong wharf]

give us the next twitter post we can raid

LFGGGG

[queen horizon]

I hope so much

Just give me directions, will raid

[candid plover]

Universe.xyz ILV pool is 234% 🤔

[river scaffold]

It's live now?

[candid plover]

I’m talking about the staking ILV on the universe.xyz site

[river scaffold]

Oh strange. One sided ILV pool? Are rewards paid in ILV or XYZ? I'm pretty comfortable having them staked through illuvium personally:p

[exotic igloo]

XYZ

[supple mica]

Hi all newbie to LP and staking.. I am not understanding how to get ETH/ ILV LP tokens to stake. I understand you need to provide equal ETH/ ILV and you can do this on Sushi platform. But whats next after this? Do tokens get added to your wallet and you connect this with ILV staking platform? Just want to get everything right before paying all the gas fees for transactions.

[final steppe]

Hey Riyala! Yeah, once you add the ILV/ETH Liquidity on Sushi, you should receive SLP tokens in that same wallet you had your ILV/ETH in. Then you'll stake those SLP tokens on the Illuvium site.

If you're not seeing the SLP tokens in your wallet after adding liquidity to Sushi, you might need to manually add the token first. The ILV/ETH SLP token contract address is: 0x6a091a3406e0073c3cd6340122143009adac0eda

[candid plover]

The illuvium site will also recognize them automatically in your wallet when you go to stake even if you didn’t add the custom token to your wallet.

I didn’t add the token to my wallet

[final steppe]

True! After adding liquidity to ILV/ETH on Sushi, just attempt to stake in the LP pool on Illuvium and you should see your SLP token amount here @supple mica :

[lethal juniper]

for the Sushi LP, the actual liquidity providing happens on Sushi, and then the staking on Illuvium is just to claim the extra rewards right? so you're getting rewarded there only for maintaining a long term position, and your rewards for actually providing liquidity come from Sushi? just trying to wrap my head around why protocols have you basically stake twice

oh wait just read that the SLP doesn't get you sushi rewards if you stake on the Illuvium site, so I guess Illuvium IS basically giving you those liquidity provider rewards + the premiums for long term positions, nvm

[gloomy gazelle]

Yeah it’s about distributing $ILV to ILV holders and ILV LPs.

[exotic igloo]

Lol my claim I submitted at 13 gwei went through after 2 hours and 18 minutes

LETS GOOOOO

https://tenor.com/view/the-big-short-yes-happy-gif-21062823

Gonna setup one at 10 GWEI for this week hahah

[queen panther]

we can setup at a specific gwei and leave it and it won't be cancelled or failed?

Good to know!

[mental creek]

Curious if you guys are staking ILV or yield farming ILV/ETH?

[exotic igloo]

Yes if doing SLP just make sure both transaction have the same gwei and you can let them sit there until they go through

Glad Joe pointed it

[queen panther]

ouuuuu that is so convenient

[exotic igloo]

But you cant do any other transactions with that address while waiting tho

[queen panther]

ahh i see

[regal osprey]

If you’re staking SLP, how many transactions does it require to do a manual claim of ILV rewards?

Trying to work out how much gas it would cost and how frequently I should claim rewards

[exotic igloo]

You should only claim SLP rewards as it will claim both pools rewards anyway.

It is 2 transactions and depending on the amount you staked it will cost more cause it needs more gas limit.

[regal osprey]

Okay no worries thanks

I think I’ll claim pretty infrequently as I don’t have a large amount staked

[exotic igloo]

I do once or twice a week during the weekend low gas personally.

[stark apex]

Should I stake also in ILV/ETH? Currently i'm investing everything in ILV lol

[exotic igloo]

It represent double the transactions to claim and also to withdraw if you ever want to withdraw them.

So it is your decision and how much gas you are willing to pay.

[stark apex]

I see thank you

[plucky kite]

Hi guys. what's this number below in my rewards tab? is this the reward that I will be getting?

[junior shuttle]

amount to be claimed

[glass carbon]

yeah it just looks like that because it's too small to show up in the 0.00

[plucky kite]

Also does reward accumulate? example I didn't claim the rewards for 1 month. can I claim it in one scoop?

[exotic igloo]

Yes!

You wait for as long as you want

[plucky kite]

Sweet thanks!

[supple mica]

Thank you so much @final steppe makes sense. cheers

[ember basalt]

do we get both ETH and ILV if we stake our sushi lp tokens?

I'm looking at the UI and in the rewards tab it only has the claim ILV button

[exotic igloo]

Only ILV

[ember basalt]

ohh i see. thanks!

[gloomy gazelle]

@cosmic thunder I don’t think there are any limits. You can hold fractional amounts of ILV in the staking

[cosmic thunder]

ok

thanks

[queen horizon]

Damn that must be a record lol

[regal osprey]

If I already have SLP staked (locked for 6 months), can I add more SLP as flexible?

I’m getting an error message saying I need to claim existing rewards first, but when I choose ILV (instead of sILV) and press stake, nothing happens

Or do I have to go back and manually claim rewards first? I only have a small amount of rewards to claim so far, and it wouldn’t be worthwhile doing it just yet, so wanted to check before doing it.

[queen horizon]

yeah you can

everytime you add it is treated as a separate deposit

[regal marten]

@exotic igloo when you claim from slp, you do 2 transactions. the second transaction is about the sushi rewards, but I don't see them in my wallet. is that because they are converted into ilv and put in the ilv pool also?

[queen horizon]

I think you dont get any sushi rewards when you stake into the ILV_SLP pool

[regal osprey]

Any idea why I might be getting an unpredictable gas limit error?

I’m getting same issue as this: #🥩〕staking message

Also using ledger + metamask

[queen horizon]

just increase your gas limit in your transaction

Here the right field just put 1.000.000 in there

[regal osprey]

It doesn’t actually give me the metamask pop up

[queen horizon]

It will only use as much as needed not the whole million

[regal osprey]

Just gives an error message, so there’s no option to adjust settings

[queen horizon]

ah ok, yeah, that sucks. have to wait for someone from the team

[regal osprey]

No worries, thanks for your help anyway

[queen horizon]

no problem, hope this issue gets resolved quick

[wraith heart]

Hey guys I have a question about sILV. I am staking Sushi LP and receiving ILV and I can see the amount of rewards accumulating.
Should I Automatically be receiving sILV as well? If so how do I know how many I have accrued?
Thanks!

Am i correct in saying that I can choose which one I wish to be paid out in?

[fiery spire]

yes

you can choose

[wraith heart]

OK so I dont get both

[fiery spire]

no

sILV you can use right away on the game

ILV will be locked for 12 months after you claim them

[wraith heart]

Ok but the game hasnt started....

[fiery spire]

exactly

so it does not make much sense claim sILV now

[wraith heart]

Let the ILV compound

[fiery spire]

but it makes sense to claim ILV because they will be automatically staked on the ILV pool

exactly

let the ILV compound

[wraith heart]

👍
Thanks for your help.
The game looks pretty cool - I am looking forward to its release

[fiery spire]

I agree, can't wait for it

[queen horizon]

I would choos ILV in the beginnning and wait for beta release to claim sILV

[regal osprey]

Hey, did you figure out how to solve this? I’m getting the same error with a ledger and metamask

[fiery spire]

Anyone knows an easy way to calculate the impermanent loss for providing liquidity on the ILV/ETH pool on SushiSwap?
Just wanted to check if my math is right.

So I've invested roughly 1 ETH on that pool (0.5 ETH and 0.5 ETH worth of ILV), which gave me 2.13 SLP tokens. I've staked that SLP tokens on the Illuvium website, and I can see on the website dashboard that those 2.13 SLP are currently worth $1840.
ETH price at the moment is $1870, so my current loss is $30. Is this correct?

[normal trench]

I want to add to my staked tokens. Should I claim my current rewards in ILV or sILV? will sILV be transferrable to ILV later?

[wise turret]

I have not, @hexed bough were you able to find a solution. I tried again yday and it failed as well.

[fiery spire]

sILV can only be used in game. So until the game is released, it is better for you to claim ILV because they will be automatically staked on the ILV pool and will be compounding. But they will be locked for 12 months until you can withdraw them.

[manic spindle]

ILV = governance token also used for revenue distribution. sILV = utility token used to pay for in-game fees instead of ETH. There has been no announcement in regards to a possible transfer/swapping of ILV and sILV (and personally, I don't see any need for it either).

[normal trench]

gotcha, thanks guys

[exotic igloo]

Did you succesfully staked?

[exotic igloo]

First transaction is to claim the ILV pool rewards. Second is to claim the SLP pool rewards. There is no sushi rewards when you stake your SLPs on Illuvium.

[exotic igloo]

Where are you guys getting an error?

[regal osprey]

I click the stake button and a popup error message from illuvium appears. No metamask popup to complete the transaction occurs, it just goes straight to the error message

[wise turret]

When trying to claim sILV rewards, before the metamask pop up

[exotic igloo]

And what is the error message?

Do you have eth in your wallet to cover the transaction?

[regal osprey]

I got it when trying to stake SLP. Yep I had ETH in the wallet

#🥩〕staking message

This is the error message

[exotic igloo]

@midnight geyser

[midnight geyser]

Hey @regal osprey! Pinged you in private chat

[fiery spire]

Anyone? 👇
#🥩〕staking message

[barren tusk]

two rss at the moment

https://dailydefi.org/tools/impermanent-loss-calculator/

https://analytics.sushi.com/pairs/0x6a091a3406E0073C3CD6340122143009aDac0EDa

For the second one, scroll down, it shows the impermanent loss filtered by date

Have fun nerding out bud 🍻

[fiery spire]

Ok, still confused how to calculate it... 😅

Because I started with 0.2 ETH (0.1 ETH and 0.1 ETH worth of ILV)

and after a week, I decided to put more ETH, making a total of 1 ETH invested

[barren tusk]

go on

[sharp inlet]

Hello, is metamask good wallet to keep ILV and can I stake from there ? Thanks

[barren tusk]

yep, that's the recommended

[fiery spire]

that's all 😄

[barren tusk]

Staking however you will do on the website

[barren tusk]

https://staking.illuvium.io/

[sharp inlet]

Ok, thanks

[barren tusk]

you link your meta mask to the staking website

[sharp inlet]

What's the percentage per year at the moment ? Through ILV ?

[sharp inlet]

Ok, thanks

[barren tusk]

You will also be able to find the APY (percentage per year) also on the staking platform once you've logged in using your metamask wallet

I'm currently logged out atm lol

[fiery spire]

https://staking.illuvium.io/staking/core

150% if you choose the lock option for 12 months, or 75% if you choose not lock the tokens

[barren tusk]

yes

[sharp inlet]

Ok, thanks

[barren tusk]

Basically incentive if you believe in the project

Otherwise you can flexible lock meaning withdraw any time you want

[sharp inlet]

Ok, thanks

[barren tusk]

ok so I would just use the calculator

[fiery spire]

and you can also choose the ILV/ETH pool, which has even higher APY

[sharp inlet]

And any time would be 75%, I believe in project, just want to test first, I bought a bit

[barren tusk]

and you can see the scenarios what happens if ILV increases /decreases drastically or what happens if both rise dramatically

[manic spindle]

Just to clarify, the APY is NOT guaranteed. It is the current APY. This can vary dramatically

[fiery spire]

I've used and I needed to separate my calculation. First I calculated with one week and 0.2ETH and then I calculated with 1 ETH since saturday

[sharp inlet]

I am aware, thanks

[fiery spire]

And my math checks out

[manic spindle]

For the single ILV pool for example two things need to be remember: 1) Every claimed ILV (from any pool) is automatically staked in the single ILV pool with a weight of 2.0 and 2) The payout of ILV in both core pools is reduced by 3% every two weeks.

[sharp inlet]

But you still getting rewards in ILV correct ? Thanks

[fiery spire]

Yes

You provide liquidity for the ILV/ETH pool on SushiSwap, you receive SLP tokens and then you stake those tokens on the Illuvium website

in return you receive ILV or sILV

you can choose

but since sILV are only used in game

[sharp inlet]

Do I need to restake manually or can it be done automatically ? Thanks

[fiery spire]

it's better for you to claim ILV for now because they will be automatically staked and will be compounding

but they will be locked for 12 months

[fiery spire]

you need to stake them manually

[sharp inlet]

Ok I see, thanks

[fiery spire]

after providing liquidity on sushiswap, you receive SLP tokens in your wallet

then you go to the illuvium staking website, connect your wallet and stake those tokens

[sharp inlet]

And do you get rewards daily ?

[fiery spire]

you can choose the flexible option with a current APY of 282% or the lock option where you can choose up to 12 months with an APY of 564%

current APY

[fiery spire]

they accrue with each block

and you can claim them when you see that they are worth the gas fees

[sharp inlet]

I see, I am leaving it for at least 6 months I would say at the moment

How often are blocks ?

[fiery spire]

Ethereum blocks

[sharp inlet]

Ok

Correct 🤣

[fiery spire]

😄

so about 15 seconds

[sharp inlet]

But this big % are on sushiswap specifically ?

Not ILV ?

I mean pool

[fiery spire]

you don't receive from the sushi pool, you receive ILV from the staking

https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac

[sharp inlet]

Ok, I see, I think Ive seen video where guy said if you go for Sushiswap specific pool you getting more Apy and if for ILV pool you getting less, thanks for clarifying it

[fiery spire]

those are the staking pools on the Illuvium website

[sharp inlet]

What's the difference between 2 of them ? Thanks

[fiery spire]

on the Core pools you have

and the Flash pools are pools from partners of Illuvium I think

currently they have SNX and XYZ pools there

[sharp inlet]

Ok I see, and which of two is flexible and locked ? Thanks

[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

[sharp inlet]

For the Core ?

[fiery spire]

you can choose that after clicking on stake button

[sharp inlet]

Ok, thanks

Sick % at the moment 😬

👌🏻

[fiery spire]

I know

that's why I want to throw more ETH at it 😄

[queen panther]

ahhh.....

and weekday gwei is back

goodbye weekend

[sharp inlet]

Yes, that's why I bought few as well 🤗

Is weekend usually better for Gwei or not ?

[fiery spire]

yes

sunday

https://www.gasnow.org/

[sharp inlet]

Ok, will wait till weekend and maybe buy some more ILV, while it's affordable

Or maybe just throw eth there

While ratio is good

Or actually it's not good 😌

[fiery spire]

!tokenomics

[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

[wise turret]

Can you help me too, I have been waiting for quite some time now...

[midnight geyser]

Sure, just messaged you

[brittle pollen]

How long does it take? To be approved?

[exotic igloo]

Depends on the Gwei you used for your transaction?

Right now fast is around 30

Your transaction is still pending

[brittle pollen]

Thanks

[robust plaza]

[mental tangle]

https://tenor.com/view/illuvium-ilv-illuviumio-spirit-bomb-dbz-gif-22291687

[ember basalt]

when i try to stake new ilv, the site asks me to claim my rewards first. my question is, does that add to my gas fees or not?

im assuming it only goes as a single transaction so it shouldn't but i may be mistaken

[cosmic thunder]

good afternoon, I'm trying to make a staking of 1 ilv, and the transaction is not completing it's already been hours and it still wasn't, is there an ilv limit to be stanking???

[ember basalt]

oh nevermind I think I figured it out. when I claim ILV it claims all the rewards so i shouldn't have a problem with gas fees when claiming even for those small investments.

[cosmic thunder]

@manic spindle @cobalt ridge can help me ?

[cobalt ridge]

Can you dm me the transaction address ?

[manic spindle]

My first guess would be gas too low and the transaction still pending.

[cosmic thunder]

@cobalt ridge pvt

@manic spindle I will increase the gas to see

[coarse harbor]

For anyone providing liquidity i just did some calcs.
Had 190 ilv + 10 eth lp'd for 7 days. IL was $5. (roughly 90staked for 5 days and 190 staked for 2)
Though the ILV earned in rewards greatly outweighs the IL. (little over 10 ILV earned)

figures are slightly different, rounded them for ease

[queen horizon]

to be honest i dont even care how many ILV/ETH i put in. with 560% APY the amount of ILV i am printing every day I will probable 3x my initial ILV amount

[exotic igloo]

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-yield-farm-gif-22324807

[queen horizon]

And the most people only stake in flexible, so I even increase my percentage of the ILV network

making me even richer

[coarse harbor]

Yea i'm just swing trading the eth atm, will use that to buy extra eth. I obvously have no where as a big of bag as you haha

[coarse harbor]

Yea locking doesn't make sense to me

[queen horizon]

Yeah if you are swingtrading, then lock up doesnt make sense. I just find it hard to outperform a 560% APR for ILV staking

you must be a god trader

i suck at trading 😄

[coarse harbor]

Nah i'm a rookie
I will want liquidity to front run certain events next year with ilv, that's my reason for not locking up

[queen horizon]

ok makes sense, I will hedge a bit by shorting ILV on a CEX around March, june & July next year

i expect ILV to get listed pretty quick on FTX or other future exchanges

[exotic igloo]

Really??

[coarse harbor]

Shit i didn't even think of it being added to exchanges for that option 😑
sometimes i don't think haha

[exotic igloo]

I wouldnt bet against the vault buying power

[queen horizon]

Yeah, here som numbers I ran a couple days ago #💬〕general message

[exotic igloo]

If you guys think it will do -50% because of VC unlocks you will be surprised

[queen horizon]

Yeah thats why i like the lock up option even more. 560% APR and in March, may you can hedge with futures, which will probable be pretty cheap to short as the game will attract many new users

[coarse harbor]

i only need %5-10 to put a big smile on my face.

[queen horizon]

I dont think so, but taking some risk of for a couple days to see if they turned on the ILV selling bots or are staking seems like a good hedging idea to me

[exotic igloo]

Sure

[queen horizon]

these guys have massive ILV amounts, if ILV ran up to 1k until then I am sure some of them will take some profits

[coarse harbor]

Yea the Eth being locked i don't like also, i mean if we weren't in the current market sentiment i'd probably have a different outlook. But i'm waiting for that big spike down/liquidity grab that i believe is on the horizon

[coarse harbor]

be silly not to

[exotic igloo]

Meh

I dont complicate my life more

Staking for at least 4 to 5 years until next cycle top

[queen horizon]

haha yeah will probably still make you absurdely rich

holding for a longer time in this industry has never been a mistake really

[exotic igloo]

Yes exactly

And I learnt to not touch what I dont understand

So options and stuff like that

Always been buying and holding and it treated me well

Buying the dips

I'm still young enough that I can keep doing it with a 100% crypto portfolio for at least another 35 years

[queen horizon]

thats the smartest way to do it, just observe and learn while becoming rich 😄

[tacit mesa]

luckier are those who entered the 650%+.. did anyone see a 700%?

[exotic igloo]

We saw 800 to 1000% first day

[queen horizon]

Damn dont tell me that, that hurts too much

[tacit mesa]

oh fudge.. that means, there were plenty who got in first with big stash..

[queen horizon]

But it was only like that the first day. Thats how i cope 😄

otherwise too painful

[tacit mesa]

same.. hurt me as well.. but nah.. were still early.. hahaha just keep it burning..

[exotic igloo]

Yea it didnt last long hahah

Whales started swimming in our pool

[queen horizon]

I might or might not have pushed yields down by a few percent 🐵

[exotic igloo]

Hahahha

Fair enough

[queen horizon]

sorry ... 🤷‍♂️

[brisk surge]

M'yield!

[queen horizon]

i promise i wont do it again

[brisk surge]

[cosmic thunder]

my transaction so far has not left the payment to release to be able to stanking, what do I do???

[river scaffold]

Do I misunderstand how APY works? If you lock in your LP tokens qt 800% and 7 days later it's at 550%. Are you not currently earning a 550% APY or is your APY what you initially locked in at?

[exotic igloo]

You should rise your gas

It must be pending at low gas

[exotic igloo]

The current

Its always changing

[cosmic thunder]

@exotic igloo I paid for the faster gas and it still didn't go

[river scaffold]

Ok I thought so

[exotic igloo]

Is it confirmed then on etherscan?

[cosmic thunder]

the transaction doesn't even show up on etherscan

[queen horizon]

Are you sure you submitted the tx?

[exotic igloo]

Refresh the staking page then

Try again

[cosmic thunder]

yes

[cosmic thunder]

what is not approving is an initial fee to start stanking

[queen horizon]

ok

[cosmic thunder]

i am trying to stanking only 1 ilv is it possible?

[queen horizon]

It is, but you should wait until gas prices are very low. To be honest staking 1 ILV is not really worth it as gas will cost you like 20$ for staking

If you just wanna test the system then its fine, but if that is all you should maybe refrain from staking until you have a few more ILV

[exotic igloo]

Waiting for weekend low gas is probably better yes

[queen horizon]

Sunday evening is the best time statistically

[cosmic thunder]

the gas is charged by eth or ilv in the wallet???

[exotic igloo]

By transaction

[cosmic thunder]

so he uses eth in his wallet to charge the transaction??

[queen horizon]

yes, all tx fees are paid in ETH, but seriously if you only stake 1 ILV it will not be worth it

[cosmic thunder]

ok, i buy more ilv to test

[queen horizon]

👍

[queen horizon]

If you lock it for 1 year into the Sushi pool (556% APR) I think 5-10 ILV should be enought to make it worth it

[coarse harbor]

Is it possible in a pool for you to lose 100% of 1 side of your liquidity?

[brisk surge]

Possible sure improbable more likely

[coarse harbor]

Eg. if someone puts in 20 ILV and 1 ETH.
If everyone was just using the pool to buy ilv and using eth to pay. can it deplete the pool down to 0

therefore i'm guessing you'd be at 50% IL

[queen horizon]

no, but if ILV goes to zero, you will hold 1000000 ILV at $0.00 value and 0 ETH

so basically youre broke

[onyx parrot]

If you withdraw ILV rewards, it starts the clock and unable to withdraw for 12 mos?

[queen horizon]

ah damn nevermind, i read it wrong

[coarse harbor]

Nah i mean if the ILV side went to 0, from people just pulling ILV out for ETH. so the ETH pool would be full.

[queen horizon]

yeah, but ILV price would shoot up like crazy

[coarse harbor]

Well on the brightside it'll bring back memories of my youth haha

[queen horizon]

and with the 500% APY you basically get all your ILV back and then some

[queen horizon]

hahaha, back to basics

[coarse harbor]

Yea but this APY is only going to diminish over time

[queen horizon]

yeah but look at the pay out plan in medium article. The APY will stay at 200% if not too many people buy ILV and restake

for the first year at least

[coarse harbor]

Yea i just did a test in the pool for a week. ended up with .5 less eth and +10 ilv (and also earned around 10 ilv for the week)
Though i only added a large amount to the pool for 2 days, for 5 days it was only 90ilv/4.8ish eth

[queen horizon]

so after 6 months you at least tripled the value you put in

[coarse harbor]

at current apy

[queen horizon]

yeah me too, after analyzing that not many people stake longterm i jumped on it and went heavily locked for 1 year, because i will profit proportionally more than almost 80% of stakers

[coarse harbor]

very fair point

[queen horizon]

at current you will make more than triple

yeah at 200% you doubled after 6 months

[coarse harbor]

i really want to just pile in, but i want this shake out to happen first

[queen horizon]

i dont even care how much i put in. IL is a non issue if you look at the APY. If you lock up 1 year

[coarse harbor]

yea i'll have look at this on the next weekly close. If we don't get the shakeout this week i'll bite the bullet and do it. (though i'll only lock to dec this year)

[queen horizon]

yeah, sounds like a plan

[true coyote]

I staked in the sushi pool, do I need to do anything to lock it for 12m to enhance APY or is it auto-locked?

[candid plover]

If you staked it flexible, You are at 1x rewards and u can unstake anytime. There’s a tab on that same staking page where u can move a slider to choose how long to lock for and it’ll show you how your apy changes depending on how long you choose.

[true coyote]

Thanks

[candid plover]

If you staked flexible and want to lock your slp for more rewards you will have to unstake and restake. You’ll have to pay the gas fees to do so.

[sage siren]

So staking ILV is done on Ethereum network, but the game tokens will run on Immutable X?

Like the collectibles and players I mean

Ok thanks for clarifying

[mental tangle]

I have 2 LP pools of 10 ILV

All I care about is that they generate at least 21 overall so I should be good :P
Even if I only have 1 left from each when i take them out in a year I'll count it as a win

[mental tangle]

"Shake out"?
Oh man
I need to go do some learning...

[mental tangle]

This was my reasoning and I just said f it and went for it :P

[coarse harbor]

May not happen mate, just something i'm preparing/positioning myself for

When you lock up in the staking section, that apy is still variable isn't it?

[mental tangle]

Lol I meant I don't know what that means. I'll do some googling later 😂

[mental tangle]

Yes

It changes often. Been relatively stable this week though. I think

I've only been in SLP for a week

[coarse harbor]

Yea makes sense, i just realized if it locked the apy, everyone would have locked when it was 6000% or whatever it was 😅

Also just wouldn't work with whats in the whitepaper, sometimes i asks stupid shit haha

[merry ridge]

What is the best strategy at this point? Staking it on ILV or Sushi LP?

[mental tangle]

Don't worry, I do that constantly

[mental tangle]

It's personal really.
Some people say LP
Some say Single
Some say both
Based on your risk profile and personal situation

[merry ridge]

Thanks

[brittle pollen]

How much ilv is the minimum to stake?

[mental tangle]

Any

I had 10.
But keep gas fees in mind.

[fiery spire]

I'm pulling out all my USDC from Yearn to buy ILV 🙈

Gotta take advantage of these low gas fees right now

[fiery spire]

It was not much really, only 1000 USDC, but the APY on Yearn was ridiculous and I only got like 6 USDC after like 3 months there

I think it's better invested by buying ILV and staking it 😄

But I couldn't resist, so I ended staking one more ETH worth of SLP, locked until February. It's a gift for my nephew that will be born on that month

And last but not the least, I staked one more ETH worth of SLP for myself 🙈

Now the rewards are accruing fast 😄

[regal osprey]

If I already have SLP staked, and I go to stake more SLP, I get a pop up saying I need to claim existing rewards from the pool first. By choosing the option for “ILV” and clicking “stake”, will this also initiate the necessary rewards claim for me?

Or do I need to go to first go to the rewards page and claim before trying to stake more SLP?

[candid plover]

When you stake it automatically claims the rewards before staking. Don’t claim and then stake otherwise it’ll claim ur rewards again. Paying extra fees.

[regal osprey]

Thanks!

[stray flare]

any estimation when new XYZ pool will be up?

[balmy ibex]

Anyone know if you do locked stake for a year can you still claim sILV rewards when game launches

[fading nexus]

Any time you claim you have the choice to claim sILV or ILV. upt to you what you do 😉

[queen horizon]

I would only claim ILV now until the beta is out later this year

[strong wharf]

this

[manic spindle]

Unless you only have a very small stack of $ILV staked and don't see yourself to have enough funds to pay with ETH when the game comes out. Then it might make sense to claim more sILV, I guess.

[queen horizon]

Yeah true, but then gas might eat up a lot

[manic spindle]

You don't have to claim all the time 😉 If you want sILV only, just let it pile up and claim once when needed. No usage or compounding anyway.

If you want primarily sILV, then claim whatever ILV you want beforehand whenever it makes sense with gas and then let sILV stack up until actual use cases are released.

[queen horizon]

Yeah makes sense

[plucky kite]

am i right this is where you stake your eth/ilv pool?

[manic spindle]

You get SLP tokens on SushiSwap by providing liquidity via 50/50 pairing of ETH/ILV, yes. Those SLP tokens you then stake directly on the ILV staking website.

[plucky kite]

Should I convert them to ILV first?

[manic spindle]

Have you provided liquidity for a project before? If not, you might wanna read up on things like impermanent loss first before going that route: https://academy.binance.com/en/articles/impermanent-loss-explained

In general, no, you don't convert your SLP tokens back to ILV. You get SLP tokens on SushiSwap by providing liquidity in form of ILV/ETH (in equal $ amount) and the received SLP tokens are then staked on the ILV staking website.

[plucky kite]

Thank you. I haven't tried it before. maybe I'll try the regular ILV instead

[stark apex]

Guys if I have an existing flexible stake then I add another one. will it be added to the existing stake? or will it be another entry stake?

same with locked

[manic spindle]

New deposits are staked as their own batch and can be withdrawn individually under "vesting" just like every time you claim rewards it is vested as an individual batch

[stark apex]

I see so It's much better to add it in whole instead of bit by bit.

Thank you

[manic spindle]

That also depends on whether or not you want to lock (if so, if everything should be the same time period) and if you want to withdraw everything at once as well later on for example 🙂 Lot's of things go into these decisions sometimes, but you should have all the info now, to make your own. If not, just keep asking here 🙂

[fading nexus]

The yield percentage shown in the ilv/Eth pool, how is this calculated? Do I receive the percentage of the total dollar value that my slp are worth and then claimed/payed in ILV?

[mental tangle]

What about if I stake more in the $ILV
Pool? Will it claim the rewards in just that pool as well?

Pretty sure I already know but I cant recall for the life of me :P

For some reason I was hoping if I add a stake to $ILV pool it would roll in rewards from SLP and $ILV pool.
Probably just $ILV though, yes?

[kind loom]

If you claim ILV, it claims only this one. If you claim SLP, it claims both rewards.

[thick steeple]

When did the rewards for SNX staking end?

[candid plover]

I think it just makes you claim the rewards in ILV pool, not the LP rewards as well. But basically just don’t claim right before you’re gonna stake more because you’ll pay gas twice for clearing the ILV pool rewards. I think I got that right lol

[manic spindle]

Around July 14th/15th depending on timezone etc I think. Flash pools last 14 days, it started July 1.

[mental tangle]

Ok, awesome that's what I thought. Ty

[lament basin]

"ILV rewards are subject to a 12 month vesting period. While they are vesting they compound your rewards."

Does the above mean that if I locked my ILV for 12 months, I do not have to claim my ILV rewards and re-stake them for compounding?

Ok so if I locked 20 ILV, and have 2.5 ILV rewards, the 2.5 ILV rewards are not compounding at the moment...I have to claim them, then stake them in order to be receiving compounded rewards...?

Right, ok, so I do in fact have to claim the rewards, and they go directly into the ILV pool. Yea I will wait until it gets up to 5ILV so it makes sense considering the gas fees.

If I have my ILV locked for 12 months...can I claim sILV to be used in game?

or is that not possible for me since I locked for 12 months?

[glad sleet]

... Is it a bad time to get into the LP pool? Temperature check.

[manic spindle]

Why should it be bad? APY is still over 500%. I wouldn't see much more against it than before. Personally, I will throw something in there if I manage to get some funds together by getting out of other projects. I'm bullish on both ETH and ILV, already got an ok stash in single stake secured and the APY is damn appealing.

But I'm not an expert, so NFA 🙂

[strong wharf]

idd, still good to go

[glad sleet]

I was not insinuating it was bad, just wondering if the downturn of the market had any affect on LP staking choices considering IL and all that.

[glad sleet]

aye, ty.

[manic spindle]

Since both ETH and ILV went down, I'd say no, personally, but if I'd go into LP now I'd always just look long-term anyway and remain somewhat confident that I'd always get more ILV in rewards than I could lose to IL.

[trail mountain]

Debating if should add more to my LP position or just go straight ILV pool

[queen horizon]

If you lock for 2 years then i would choose LP, ILV is the safer option

[trail mountain]

Good point. Gonna do another lock & already in the pool, so might as well...

[queen horizon]

yeah its also a good idea to have some portion flexible

[trail mountain]

Yeah.... I'm sorta on the fence about that... if it's flexible I can take it out when I FOMO at other shitty projects... or when I get tired of seeing red... if it's locked I just gotta sit on my hands (for better or worse)

[queen horizon]

just keep a bit flexible

you still make good yield

but can take it out if needed

[regal marten]

it's one year, right?

[queen horizon]

yeah

and rewards are locked one year from the point you claim them

[manic spindle]

It's UP to one year to be specific 🙂

[regal marten]

indeed 🙂 345 days to go in my case, you can see in the vesting tab

[gloomy gazelle]

Someone I’m helping wants to lock in their SLP staking. So they need to withdraw and restake. But when they got that started they needed to claim their ILV rewards. Fine good. But there are only two transactions being processed for this. The claim and the withdrawal. I feel like there would be three! The ILV only reward claim, the SLP reward claim, and the withdrawal. What am I missing?

I may have to dig deeper into the TXs myself but does someone already know?

[queen horizon]

I only had two last time i withdrew some

[gloomy gazelle]

Did those 2 claim ILV from both pools?

[queen horizon]

ah no sorry, that was the ILV pool

[gloomy gazelle]

Ah

[glass carbon]

maybe the claim SLP rewards and withdraw SLP tokens is same tx?

[queen horizon]

Last time i claimed with SLP 2 tx came up, I claimed both SLP rewards and ILV rewards

[gloomy gazelle]

Seems possible.

[gloomy gazelle]

Yeah exactly. And this interaction should add the withdrawal to that

[queen horizon]

hm ok, i never withdrew SLP, so I am not sure, sorry

[glass carbon]

I would guess since the rewards have to be 0 it needs to be simultaneously claimed and removed from the pool

definitely just conjecture though lol better to ask an engineer

[gloomy gazelle]

I’ll let this stew for a bit and come back before I ping anyone.

[glass carbon]

wait so it didn't work? what's the issue?

[queen horizon]

yeah maybe someone did it already and could report back

[brisk surge]

max 2 txs - never needed 3 and I did all kinds of withdraws, claiming etc.

[gloomy gazelle]

Ok cool. And didn’t catch a bunch of unintended sILV?

[brisk surge]

nope

[gloomy gazelle]

The gas is set low I guess they are hoping for it to process tonight.

[gloomy gazelle]

Cool thanks

[brisk surge]

but i also use decently good gas

tired of waiting too long ^^

[gloomy gazelle]

Yeah makes sense. I’ll let them know. Speed helps.

But I imagine same gwei is still gonna be key

[coral jackal]

My rewards ILV are now contributing slightly over 10% of what my staked sushi pool is generating. This is absolutely glorious.

[queen horizon]

Prinitng money evry day

[coral jackal]

My printed money is printing money. And the best part is I can't do anything to mess it up for a year even if I tried my hardest

[queen horizon]

hahaha, yeah its fool proof

[gloomy gazelle]

Just got a look at the rest of the TX info. The second one has about a double limit... so that one is gonna do both the SLP reward claim and the SLP withdrawl.

[queen horizon]

good to know, thaks for checking

[pulsar heart]

You can tell in sushi how much your lp is making?

[regal marten]

Try https://v2.apy.vision/

I can't see my position anymore in sushi since staking, but can see some analytics there.

[pulsar heart]

That's a good site

[humble ibex]

i'm about to buy my first ILV tokens. Decided to stake it with the LP pool. I've waited for ILV to fall below $100, now its at $88. Hope this is a good first entry! I think the price will come back down even farther, but i am impatient, and i want that 500% APY NOW! 🙂

lock for 1 year = high IQ move?

lets doo it

[regal marten]

i bought at around $85 during the balancer sale! great entry price.

[manic needle]

how can i stake my ILV if ever I bought one?

[ruby wing]

You can find the staking page through the website 🙂

There is also some info about staking on the page with the difference between the core pools

https://www.illuvium.io/

[manic needle]

Ohh Thanks bro

ill check that out

[ruby wing]

No worries let us know if you have questions

[manic needle]

u already bought ILV?

[ruby wing]

Bought during Balancer sale 🙂

So yep

Been yield farming since the beginning it has been great

[manic needle]

ohhh cool

i hope balancer sale comes again hahaha

[ruby wing]

haha, it was the IDO so the first public offering

wont happen again

but there might be a mystery sale and airdrops in the future 🙂 mostly focused on NFTs.

If u check out #📣〕announcements and #768749491171229716 you can see some of the past NFT giveaways/partnerships.

[merry ridge]

I have a question. I just claimed my reward but it automatically staked itself, is there any problem?

Follow up question. If I want to claim the reward for sILV would that happen too?

Ok.

Just checking.

Understood

what about the vesting part. It doesnt show the 0.000 something something unlike the first deposit I just made. Why is that?

I will show it to you in a sec

Ok understood.

I prefer having that decimals lol

💵 its like money is coming in

visually

Oh ok

Sorry about that

https://tenor.com/view/shock-disbelief-stunned-mr-bean-gif-9553766

I would die smiling

[gloomy gazelle]

Live LIVE

[merry ridge]

@livid lark would you have any idea when the flash pool for axs would be?

[merry ridge]

https://tenor.com/view/im-alive-ace-ventura-gif-12802650

[exotic igloo]

Depends on when the XYZ one goes live and if the proposal is accepted.

If it is, it will be right after the XYZ flashpool which lasts 2 weeks.

[merry ridge]

Oh ok

[humble ibex]

what was the balancer sale price start at? $85?

[gloomy gazelle]

Started at $50 and went up and went down to $50ish. And then went up again. BLBP sales are unique. Led to a fair offering for those that were able to pay attention to all the details.

[mental tangle]

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

Low gas perfect time for:

[gloomy gazelle]

https://link.medium.com/zYoPobcN3hb

[regal osprey]

Still getting this error when trying to stake SLP using ledger + metamask. Can’t adjust gas limit because it doesn’t give me a metamask popup when clicking stake, just goes straight to this error message:

cannot estimate gas; transaction may fail or may require manual gas limit (error={"code":-32603,"message":"execution reverted: ds-math-sub-underflow","data":{"originalError":{"code":3,"data":"0x08c379a00000000000000000000000000000000000000000000000000000000000000020000000000000000000000000000000000000000000000000000000000000001564732d6d6174682d7375622d756e646572666c6f770000000000000000000000","message":"execution reverted: ds-math-sub-underflow"}}}, method="estimateGas", transaction={"from":"xxxxxxxxxxxxxxxxxxxxxxxxx","to":"0x8B4d8443a0229349A9892D4F7CbE89eF5f843F72","data":"0x52044ec90000000000000000000000000000000000000000000000000f269f06be8d4cbc00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000","accessList":null}, code=UNPREDICTABLE_GAS_LIMIT, versio

[exotic igloo]

Is your Contract data allowed in your eth app settings?

[regal osprey]

Yes I just entered the LP position now before trying again

[exotic igloo]

@midnight geyser

[eager lynx]

Are you using Chrome with your Ledger + Metamask? If not mistaken that's what it's recommended. I had the same problem. I wasn't getting the popup to approve the transaction and I missed on an NFT project because after getting the popup metamask was throwing an error.

[regal osprey]

Thanks. I tried both Chrome and Brave and got the same error

[eager lynx]

Do you have the Ledger Live bridge active on Metamask?

[regal osprey]

No, how do you do that?

I updated ledger live and ledger firmware. Haven’t activated a bridge though

[eager lynx]

Metamask -> Settings -> Advanced -> User Ledger Live

I must say I didn't activate it as it said it would make all my wallets visible. I didn't like the sound of it

I linked my Trezor to Metamask and had no issues whatsoever

[regal osprey]

I see thanks, I’ll look into that

[eager lynx]

no worries. It would be interesting to know if you decide to activate the bridge and if doing so solves the problem 🙂

[regal osprey]

I turned the setting on, and re tried the same transaction and nothing changed unfortunately

Not sure if there is anything I need to do from within ledger live also if it’s just the setting on metamask?

[exotic igloo]

This only works for Chrome I believe

Brave whitout that option always worked for me

After the eth app update you need to go back into settings to allow contract data

[regal osprey]

Okay I managed to connect to ledger live bridge using metamask in chrome however it didn’t fix the issue, I tried to stake SLP and received the same error message