🥩〕staking

[grim cedar]

Hello ! how can I withdraw my SNX from the flash pool ???

??

There is no option to withdraw

I want to withdraw my SNX, but I don't see any option to do that... from the SNX flash pool

[pliant sentinel]

Can i withdraw my ilv after a week?

What is the difference pls i am new to this

[grim cedar]

how to withdraw SNX??

[pliant sentinel]

Sorry for my dumb questions

[grim cedar]

Thanks !

[pliant sentinel]

And if i lock 1 month? Can i still withdraw my ilv?

Now i got it thanks a lot have a nice night

Me again sorry, what does it mean ilv rewards will be locked for vesting?

And if locked for a year do i have to wait another one after the claim? I feel so stupid xd

[strong charm]

Hey guys, still confused on the difference between HODL and staking flexible. I understand I get a small amount of rewards by staking flexible, but I’m looking to sell immediately after the price spikes, is there any difference between HODLing and staking flexible?

Thanks

[pliant sentinel]

I am so confused xd

Thanksssssss

Gotcha

❤️ ❤️

[strong charm]

Does the appreciation of the coin retain as its staked?

[polar apex]

if ur looking to sell in the short term and u have a small amount, don't stake

because you have to pay gas to deposit then claim

[austere creek]

Hi there, I have staked some ILV in the core pool last week, I have bought more ILV to stake and its saying "When you make a deposit, you first have to claim your existing rewards in this pool. Please choose if you’d like to claim your rewards in ILV or sILV."

And when i choose one it does nothing, so im going into rewards and im clicking on claim ILV and the button presses but nothing happens. So i cant even stake this ILV i have sitting in my balance. Can anyone please help me.

[polar apex]

you are meant to click ilv/silv when it prompts u, not claim reward manually. you have to approve the claim via metamask

i think someone else had an issue when they didnt have enough ETH in their wallet to pay for the gas to claim

but other than that i havent heard of a similar issue to yours

[sharp spear]

If the pool is paying a flexible (no lock) rate of 50% APR (plus minus), we can do the calculation. Let's assume 30 USD to stake and unstake (total gas fees to get your ILV in and out). Let's assume you have 1000 USD to invest. You are making 1000 * 50% / 365 = 1.37 USD per day. That means in 22 days, you have more than 30 USD, hence you are in profit. Of course, there are many assumptions there.... But in general, if you are investing around 1000 USD, it's better to stake it if you really don't think you will sell in one month. If you have less to stake, it will take more time to cover gas fees, obviously. And those APR rates will likely continue to fall over time. So today it's around a month of time in the pool to be profitable, if you redo this calculation in one month, you may need much more time...

[polar apex]

agreed, but he basically said he wanted to flip ILV for a quick buck. i doubt he will be interested in the staking rewards, where it's locked for 12 months

[sharp spear]

Yeah, flipping an asset and staking an asset make little sense, unless you have a big bag. At current rates (assume 50%), if you have more than 20k USD invested in ILV, it probably makes sense to stake, even if you are flipping. Every day you make around 30 USD. So assuming you will hold for more than 24 hours.... But even then, the small amount of money made by staking for 5 days (or whatever) makes little sense.

[hexed kettle]

how many tokens are staked right now?

[strong wharf]

120mil $usd worth

[slender ocean]

why not 24 months?

[manic spindle]

12 months is max locking period and gives the biggest weighting bonus possible => 2.0

[slender ocean]

tnx got it...

hey stormi you stake ur coins?

[manic spindle]

Without a question, of course.

[slender ocean]

why is it when i choose ILV only... my ILV balance is there

but if I choose ETH/ILV my balance is zero

[onyx flower]

You need to provide liquidity at sushiswap, then come back and stick that token into the page you are looking at

[slender ocean]

like this?

[onyx flower]

Perfect

[slender ocean]

ok imma be back when i complete this step im just waiting for a few tokens to come in

[manic spindle]

Should be aware and understand "Impermanent Loss" before considering to provide Liquidity, just to be safe: https://academy.binance.com/en/articles/impermanent-loss-explained

[slender ocean]

is my understanding correct... when comparing ILV only vs ETH ILV

ETH ILV is a 50 50 stake pool... so you stake half ILV when compared to ILV only... thus effective return is 300% instead of 600% when comparing to ILV only

if you lose 100% of ILV due to Impermanent loss... this leaves you 200% which is still a lot more than 120+% in ILV only

[manic spindle]

1. APY shown on the staking page is based upon a 12 months locking period and thus with a full weight bonus of 2.0.
2. 50/50 ETH/ILV means an equal amount in terms of $ value not token amount
3. I'm pretty sure that YF rewards are paid out based upon total value of your SLP tokens not just ILV
4. Since this DAO receives 100% revenue share you will have less revenue distribution from your initial deposit compared to going full ILV staking

If the risk of IL is worth it. If the APY will stay up high enough to have YF rewards make up for less ILV to begin with....all these things only you can decide for yourself

It's your financial strategy, we cannot give you detailed answers about the outcome of APY and/or returns in the future

[slender ocean]

done with this step... whats next

done with LP on sushi... what next?

[dusky rock]

TL DR, if ILV will put perform eth big time then solo ILV could be better

[slender ocean]

balance still 0

[dusky rock]

Probably You just approved ilv

On sushi and You didn't add

[slender ocean]

this is correct tnx

ok done... what does 8.78 stand for?

its not ilv... its not eth... what is it?

[grim moth]

The amount of SLP tokens you have

Sushi Liquidity providing tokens

[slender ocean]

oh shit... it thought we talking about axie slp haha

[grim moth]

No you added ILV/ETH liquidity; this pool in the screenshot above is solely for the purpose of staking those tokens

[polar apex]

given the axie ticker, it would probably be helpful to label it more clearly. though it makes no sense why slp from axie would be staked for such huge returns, could see some people not thinking too much and buying slp for that purpose

[dusky rock]

True but doing some research before You toss 20k USD in to something might save You some cash in future 😉

Illuvium is definitely worth every penny but just saying 🙂

[modern comet]

in the metamask wallet we can create multiple accounts, is it safe?

if I create a new sub account and stake $ILV is it possible?

[slender ocean]

i dont see why not

its like me and you staking... just that its you and you

[modern comet]

okei bro thanks ya

[half tinsel]

wait

u can stake slp?

oshi nvm 🤣

[strong wharf]

not that AXS SLP

but the liquidity pool tokens from sushi

^^

[sleek salmon]

hello trying to stake my ILV for the first time and getting confused lol

what's the difference between staking to ILV vs SUSHI LP pool? any notable pro's & con's to know? thank you!

[dusky rock]

Three is good link not that far up that will describe reason why SLP stake is more risky then single ILV

Risky in term of getting less not losing founds

TL DR if ILV would out perform ETH big time in current year then putting 100$ in to sushi LP could give You less profit ( if You count investment + rewards ) then from putting those 100$ in to ILV only stake event if the APY for SLP is 600% and for single just 150%

[sleek salmon]

gotcha, thanks a lot! will go with ILV pool 😆

just tried staking & transaction failed on metamask tsk

should I just try again or anything I should do to avoid a failed transaction? wasted gas fees 🥲

[strong wharf]

yo try again. How many gas did you use?

https://www.gasnow.org/ check here, I always use "fast" gas

[sleek salmon]

my gwei shows 20, how much do you recommend?

[strong wharf]

use 25

then it will go fast in like 30s

from time to time sometimes you get the fail, just unlucky

[sleek salmon]

perfect, 25 worked! thanks a lot! 🙂

I locked it in for 26 weeks. anything I should do on my end or just leave it alone for 6 months?

I mean for the rewards, do you have to claim them every X amount of days/weeks etc..

[strong wharf]

yes, claim them when gas is low because they get automatically compounded

do it maybe when you reach 3 or 4 ILV

[sleek salmon]

alrighty, appreciate your help!

[strong wharf]

no prob Ser

[rocky fox]

I was just thinking about that, in a year from now I see it with larger market cap, but major releases of more supply could influence the price of the token and increase the market cap but keep the price of the token the same, I heard that seed/team ILVs starts unlocking march 2022

[polar apex]

it’s possible, personally i think it boils down to revenue distribution, if it’s done well and the game is successful it’s hard to see these early investors dumping unless they happen to need a large sum of money in a short time

[dusky rock]

Ofc, when token will get unlocked people will take some profit's for sure. Thing is that there is also 100% revenue that will come after 1st year so also selling tokens for big scale might be totally not worth.

By that time there should be already beta and gameplay so we will have more idea about all that stuff

But i'm pretty sure that there wont be major dump's if game will deliver.

Why would You want to sell something that can generate You way more money if You are not in need to obtain cash at that point which i think its not problem there also.

[raw basin]

so what is the ideal situation for the sushi lp pool to get the best outcome? both eth and ilv to go up together relatively on par?

[rocky fox]

I think I'll go for ETH/ILV it's pretty high APY, I doubt it'll skyrocket too fast and too much considering supply will be released, worst case scenario(if it goes upwards) I'll simply get a bit less profits :D, worse than that is if market goes down then that's where the real loss it at hahaha 😄

I was just wondering about the usecases of sILV, can't find on the whitepaper now 😦

[finite shale]

Hi guys

What channel do you use to swap eth for the games token

[woven ibex]

You can buy ILV on the main DEX here: https://app.sushi.com/swap?inputCurrency=ETH&outputCurrency=0x767fe9edc9e0df98e07454847909b5e959d7ca0e , or on the following CEX's

Gate.io (non US residents) https://www.gate.io/trade/ILV_USDT
Bitcoin.com

[finite shale]

Thank youuuu

[modern comet]

does anyone know the hours and days when the gas fee is lowest?

[edgy socket]

I usually go for Sunday, but there are not any hard and fast rules.

[wary oriole]

Any idea when flasgpool start for xyZ

[mental tangle]

Sunday is the best day for sure. Sometimes you can get lucky during the week too Andy.
Just gotta watch it 👍

[manic spindle]

AXS first now, then XYZ

[wary oriole]

Cool

Maybe I will load up on xyz since its cheaper

[coral fulcrum]

I an going to ask a stupid qn… if i just stake in the ilv only pool.. will there still be impermanent loss?

[strong wharf]

No , not possible

you can only end up with more ILV 🙂

[coral fulcrum]

Hey tks alot for clarifying

V appreciate

[strong wharf]

no problem Fren

[modern comet]

Thanks bro

[slender ocean]

When axs?

[full sedge]

hey guys, if i stake $100ILV when will i get back my ROI Approx ?

[knotty dock]

i thought the rewards compounded automatically haha time to claim again on sunday then restake it

[dapper sinew]

Is the sILV that’s earned from staking on a layer 2? Or will eth gas fees be needed to also do transactions in game?

[ruby wing]

I believe sILV will be layer 2 as it is the ingame version of ILV

It will be used for various in game actions such as travel

[rocky fox]

If on the eth/ilv, it'll be 2 months considering the pair doesn't move at all but 99% that won't be the case

[broken creek]

where is the site for staking?

nevermind saw it

[gloomy gazelle]

Yup check pins for good info

[glass mango]

is there different staking method?? my staking time is 1 year but now i can see you can chose how long you can stake it 🤔

[manic spindle]

You can stake flexibly and withdraw at any time or lock your deposit for up to 52 weeks and get bonus rewards

[glass mango]

@manic spindle i staked when it was available .. but i see now different options...

[manic spindle]

I'm not sure, what you mean by that. There has been the option to stake in two Core Pools - 1) ILV only and 2) ILV/ETH - since staking went live four weeks ago. And since that you also had the option to either stake without a locking period or decide to lock for up to 52 weeks for more rewards

[glass mango]

then i didnt read it good, i thought it was only locking for a year.. but no probs.. i am staking with it.. will wait a year and can spend it when 1 ilv = $5k 😉

[manic spindle]

That's the spirit 🙂 Also, having locked for 12 months to get 2.0 weight per token was a good decision in the eyes of many here. So I hope it turns out great for you that way. I locked for 12 months too 🙂

[glass mango]

last question,

is this the reward of staked ilv ?

[chilly abyss]

Yes

[glass mango]

https://tenor.com/view/lets-get-this-party-started-yeah-extremely-excited-kid-gif-15246266

[unique grail]

Nice, what is the difference between claim iLV and Claim $iLV cause i've watched a youtube videos and still a bit confused. Thanks.

[eager rover]

Claiming ILV is claiming the regular ILV token that you initially bought. sILV ( not $ILV) is a token that is able to be used in game ( whenever live ) to spend on immediately.

[kind loom]

Also ILV are locked for a year once you claim, but it compounds to your staking.

[unique grail]

Ohhhh now I understand cause i thought when you claim iLV you will also get an SiLV. Now it is clear to me.

So you only get iLV if you choose claim iLV and get SiLV only if you choose claim SiLV? Is that correct?

[kind loom]

Yes! But there is a situation in which you could end up with sILV dust when claiming the ILV/ETH.

If you are in ILV only you won't have this problem.

[unique grail]

Ohh why is that, can you tell me more about it and is this a problem??

[kind loom]

I think it is because when you claim ILV/ETH, there is 2 tx. If you set a different gwei for each transaction they will not be processed at the same time. I think the sILV dust you get is the reward you accumulate between the two transactions. If you set the same gwei for both transaction, it will not happen.

This might not be 100% accurate, this is my understanding of what has been said here.

But I've always claimed with the same gwei for both transaction and I don't have sILV, so I'm pretty confident about this point.

[brisk surge]

Wait, so It only starts compounding when you claim It?

[unique grail]

I see so it was like you still get the specific amounts based on what you stake. Either way if i end up getting SiLV then as a starter and a beginner there is no problem because i can use it in the game??

[kind loom]

Yep, and the vesting period of 12 months only start when you claim it also.

[brisk surge]

Thats weird

[kind loom]

Absolutely! If you end up with sILV, you can use it in game, so there is no problem about this.

[unique grail]

Yeah ahahaha cause i was scratching the back of my head trying to understand those videos who are already staking. Cause I also plan on staking a small amount on an Unlocked option then claim it when the game launch, is that ok for me?

[rocky fox]

I'm more interested in sILV tbh, do we know some kind of pricings for things we'll need the sILV?

[kind loom]

Yes! Seems like a good strat.

[unique grail]

Now I'm back on track trying to understand the side of staking. Thanks a lot

[kind loom]

The pricings have not been fixed yet.

It's not going to be super expensive I think.

[unique grail]

One thing i am curious also when it comes to exchange platform, which is better to link my soon to be illuvium account, sushiswap or metamask and do they have differences specially in gas fees?

[kind loom]

The game will be on IMX wich is a L2 solution. Unfortunately, I don't know how it's gonna work to link your illuvium account. I think not much details have been revealed yet.

[unique grail]

Ohh sorry if my questions were vague. I mean the wallet address. Example i need ETH to buy iLV, so if i have a coinbased wallet with ETHs and needs to link it with an exchange platform to buy iLV, which one is better sushiswap or metamask?

[glass carbon]

for exchanging tokens? Sushi usually. if you swap through MM there's a decent fee I believe

They're inherently different though cause MM is a wallet

[unique grail]

There now i can sleep peacefully, thank you for clarifying guys. I almost create a MM account. But i'll go with sushi. Thanks again for these helpful info. I'm excited to play.

[kind loom]

I think most people have their ILV on metamask, because since Sushiswap is an exchange, you can only swap your ETH to ILV, you cannot hold your ILV on sushi.

[unique grail]

Yeah i saw a lot of early people uses MM when doing youtube examples of staking. Ohhh No, No i have no plan of holding iLV in case i choose MM. Because i will be Staking the moment i bought iLV in an unlocked option then claim it when the game officially launch 😃 👍

[kind loom]

Ok I think I get it! In this case, you would need to:

1. Send your ETH to MM.
2. Go on sushi, connect your MM wallet, then swap ETH for ILV.
3. You now have ILV in MM. You go on the illuvium staking site.
4. You connect MM wallet and you stake.

[brisk surge]

I am a bit confused. When the locking period runs out and you can withdraw your staked ILV. Are they still earning yield on them or do you have to restake them to earn. Because it still shows up in vesting?

[manic spindle]

Locked ILV where the locking period runs out will remain staked, they will keep their locked weight bonus and keep farming as long as they are untouched. But they can be withdrawn at any time now.

[unique grail]

Yes there that what I'm thinking but I guess i'll choose sushi and i assumed sushi accepts any ETH wallet because I'm actually a mall time miner and my eth will be coming from my machine through its my mining platform and has my ETH wallet address. In short Mining platform with ETH wallet > Sushi > illuvium staking.

[brisk surge]

So if I staked them with a weight of 2.0 (for a year) and the year ends it will earn yield with max weight and no locked up period for eternity (as long a the pools exist) basically.

[wise epoch]

do you guys know how to know how much does a Sushi LP value? previously on the page I could know that but now it doesnt show that

[manic spindle]

Correct

[full moat]

What's the point in staking ILV when Sushi LP is much better?

[wise epoch]

Sushi lp has its downsides

[brisk surge]

impermanent loss

[wise epoch]

You should learn something about liquidity providers, it can have impermanent loss

[ruby wing]

imperm loss is tough rn

rip

Impermanent losers

[rocky fox]

you can hardly lose more than you gain with that APY tho

[wise epoch]

Yeah, a good APY helps with that

Normally bad proyects have ultra high APY to produce people to join at high prices

and then you lose 50% value when you won like 10%

but when its a good project

its a good idea

[rocky fox]

I looked at some scenarios calculated potential impermanent losses, they were down 30% in some of the crazy scenarios and you're also 6x-ing your investment over the year you locked it for 😄

[ruby wing]

https://tenor.com/view/holdon-busy-malcom-in-the-middle-reading-gif-4322887

[midnight geyser]

it should be there again if you refresh the page

[wise epoch]

True, thanks!

Also, I found this https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

[brisk surge]

isn't the impermanent loss pretty much guaranteed with ILV-ETH because they don't move intandem

[wise epoch]

yeah it is guaranteed, the point is the amount, you can lose 10% but win 60%

Thats why you should DYOR, to see if its worth the lose and if you belieave in the project

also you win a portion from the trades, so if someone trades ILV to ETH or viceverza it gives you a small comition

sometimes with only the trades you can recover from the impermanent loss

[brisk surge]

Yes, I agree. Only I don't know if the commission will be significant enough to make a difference. It depends how much people are trading ILV-ETH in the future I guess

[kind loom]

Anyway even with insane IL, I doubt you could lose money with that APY, you will simply make less money than if you went full ILV only.

And if you stake for the whole 3 years, you will make in reward a lot more than your initial investment.

[ruby wing]

Who knows, might be a different story if we go to 2K per ILV

https://gfycat.com/parallelthankfulambushbug

[kind loom]

Can't be worst than that😆

[kind loom]

That's why I'm around 25% in SLP

[ruby wing]

same hehe

40,200 BTC

WOW

[kind loom]

WGMI

[ruby wing]

anyone who is a bear is NGMI

#liquidated

[kind loom]

If it can pump to 60K, I convert all my BTC to ILV

[ruby wing]

Big statement

get that on a shirt

[kind loom]

I don't have much lol

If it was a significant amount, it would be in ILV already

[dusky rock]

Im ready for that APY xD

[spiral flame]

Damn that apy

[merry ridge]

AXS is up!

[dusky rock]

im so tempted to just get some AXS jsut to stake it 😄

for those 2 weeks 😄

[merry ridge]

Why is it showing in vesting weight blank and unlock blank for axs?

[brisk surge]

Is the TVL known?

[glass carbon]

you can't lock AXS it is flex only

[glass carbon]

you can check the staking page for expected APY and current TVL

[gloomy gazelle]

Ooo fun fun times comin

[gloomy gazelle]

It should say on the flash staking page

[finite ravine]

Can i stake my xrp for ilv

[dusky rock]

Should every dedicated member from here start spamming Axie discord that there is option here to stake their AXS? 😄

We going to get banned there anyway 😄

[ruby wing]

Already did

check Degen trading channel

[dusky rock]

😄 😄

[ruby wing]

go reply 😉

[rocky fox]

don't lol, leave it more for us 😄

[grim moth]

While i prefer higher yields too, i guess the purpose of this flashpool is purely marketing driven. we wanna get the axie guys over here

[ruby wing]

I just wanna see how fast I get banned

for spreading good information

[exotic igloo]

Where ahha

[ruby wing]

Axie discord

[exotic igloo]

You posted?

[ruby wing]

gonna talk about AXS/ILV pool

I did haha

[rocky fox]

why get banned for speaking about THEIR partnership? 😄

[ruby wing]

Yup...

[grim moth]

Did they deliberately partnered up with ILV?

[gloomy gazelle]

Lol there is no partnership

[grim moth]

Or did we just add the flash pool

[ruby wing]

lol

[grim moth]

Right

[ruby wing]

no partnership

[gloomy gazelle]

No

[rocky fox]

oh really? 😄 lmao

ah so we're indeed doing the nasty to try and lure them here 😄 😄 smart

[grim moth]

Can i stake my fuckelon or safemoon for ILV?? 😩

[gloomy gazelle]

Why would axies partner with anyone when they have a monopoly? 😜

No

[grim moth]

Lmao im just joking

[rocky fox]

:DDDDDD

[gloomy gazelle]

https://tenor.com/view/absolutely-not-nope-no-no-way-no-chance-gif-17243246

[rocky fox]

yeah that's not how the world operates unfortunately 🙂

[gloomy gazelle]

https://tenor.com/view/you-funny-so-funny-clap-eddie-murphy-gif-13658996

[grim moth]

Want to get some opinions, at how much $ILV earned are you guys processing your rewards? (ILV/eth pool)

[exotic igloo]

Around 50 to 100 now

[rocky fox]

axie have something good, but it's far from the perfect gaming/economy experience so it's totally possible other games surpass them by offering both great economies and even better gameplay/graphics

[exotic igloo]

Gas too high

[grim moth]

Right, my main fear is that in 12 months time we get back into a constant 200+ gwei period. Not worth claiming small amounts then

[gloomy gazelle]

The calculator from Joe that is pinned in here may still be helpful.

[grim moth]

Thanks! Ill check it out

[gloomy gazelle]

It may recommend the shortest possible time frames. Not amounts of ILV. But it’s calculating all of that anyways

[leaden river]

is it worth to get in the axs pool if i'm axs bearish? the 21k ilv apy is kinda luring me

[zenith oxide]

hi yall new here

i saw its on 1inch, is the eth pair on quickswap?

[strong wharf]

not on quickswap afaik

[haughty estuary]

On the calculator, is the number on "hours till you should claim" the interval for claiming?

[gloomy gazelle]

Yes

[mental tangle]

I'm aiming for 4-7 before claim.
I'm a small fry though 🤷‍♂️
Works out to be about once a week so far

Just cherry pick low gas on Sunday

[grim moth]

Could go either way. Trending coins are super volatile. If axs goes up its a win-win

[lunar kelp]

What number do you guys consider low gas?

[tame gust]

What does the 23 hours mean in the flash pool for AXS ?

[unkempt zealot]

it means that in 23 hours the pool will begin to operate

block 12910600 will be created 23 hours from now

[tame gust]

I see thank you

[opaque delta]

Where is the AXS Stake ?

[devout ginkgo]

20 gwei or less is what i would say low

[gloomy gazelle]

I used to think under 10gwei. Now I’m happy with 12.

Under 20 is ok I guess.

The weekend is usually under 20

[potent flare]

that apy gets smaller and smaller every minute x.x

[merry ridge]

its so sad

It would have been nice it stayed at 45K lol wishful thinking

[potent flare]

it will probably be 2k at start +-, still pretty good

[merry ridge]

I dont think it will stay at 2k with the rate of people staking

7400% now

[potent flare]

ILV will still go up in value from all of this, so what ever

[balmy ibex]

What do I need in order to stake in the second core pool the ILV/ETH I believe its called

[ruby wing]

Half ETH half ILV

[balmy ibex]

So if I have ETH and ILV I can stake into it? Do I need a minimum ammount?

[ruby wing]

No min amount required but it doesnt make sense if you have under 20 ILV imo

Actually I guess 15 ILV now

[balmy ibex]

Why is that?

[ruby wing]

Since price is more

[balmy ibex]

Ohhhhh

[ruby wing]

Gas fees are higher

[balmy ibex]

So just stick with the ILV stake for now unless I can get a shit ton of ILV

[ruby wing]

Yup

Basically

Thats just my opinion, if you arent scared of gas fees go for it

[balmy ibex]

Nothing to fear but gas fees itself

[tame gust]

Are Lp staking rewards compounding automatically ?

[pale torrent]

that'll be the 60k added TVL speaking.

about 1,5k AXS were dumped in there...lets see where we are in 22 hours 🙈

[dusky rock]

Im curious if ppl who going to get AXS only to stake it because APY is high will get rekt with some AXS dump 😄

Im tempted to do it myself but i have bad feelings about it 🙂

[spice plinth]

Oh yea didn't even notice that. Hm tempting but AXS has been on such a run lately it's due for some downside..

[slender ocean]

how to see this?

i have some axs that i want to stake

[spice plinth]

https://staking.illuvium.io/staking/flash

[slender ocean]

can i stake now wow

axs will have their own staking right? so we cant lock this up for too long

how long do flash pools normally last

[kind loom]

2 weeks

[slender ocean]

good good

whaaaat? 7600%???

[kind loom]

It will go down as more people stake in it, the APY should remain pretty good tho

[slender ocean]

ok

[slender ocean]

how much of a dump to get rekt?

[dusky rock]

Dunno it might not even happen

[slender ocean]

how is apy determined in flash pools?

[kind loom]

The number of token rewarded is already determined. These tokens are splitted among stakers. The APY is determined by taking the number of token distributed and your contribution of the total staked value in this pool.

[exotic igloo]

In USD

[ruby wing]

https://tenor.com/view/the-big-short-not-selling-sale-no-sale-gif-21062779

[modern comet]

for AXS stake in illuvium flash pool, do you use axs v1 or axs v2 tokens?

[crisp salmon]

AXS staking is 4806.70% ?

[polar apex]

lol it was 7000 an hour ago

dont expect it to hold nearly that high

[tacit mesa]

yeah, same question, why does it have 2 versions?

[modern comet]

I've bought v1, it doesn't work, im sad

should i change token v1 to v2 ? wasted gas costs

[tacit mesa]

yes.. found it.. should be version 2.. cuz its an ETH address..

[tacit mesa]

should be V2.. copy the ETH address.. V1 is for the Binance Smart Chain..

[tacit mesa]

your metamask must have received it via BSC.. change your network there and check..

[tacit mesa]

be careful of the gas.. seems high today..

[modern comet]

😫

[tacit mesa]

yeah.. sorry.. thats just the way it is..

[strong charm]

general market for all coins seems down today... anyone know why?

[polar apex]

it's been up for a few days straight, a correction is pretty much to be expected

[leaden river]

how long the axs pool is going to be around?

[ruby wing]

14 days

[deep pecan]

Hi Guys when i claim my ILV from the sushi LP pool i guessing it keeps accuring rewards from the ILV pool ? Can we then claim those rewards and vest them and basically keep compounding the gains ?

Wow 😆 ty for the fast reply

[slender ocean]

If i locked in for 52 wks... How often can i do this 'compounding'?

[deep pecan]

Is there a way to claim rewards from both pools at the same time to make it one transaction thus reducing the Eth fees ?

ok ty

[slender ocean]

Good to know... Thanks

[faint cairn]

Hey could anyone better explain the flash pools to me? I don't understand how the AXS pool has such a high APY. Is there even a way to lose money with that APY %?

[candid plover]

It hasn’t even launched yet. More people will join and the apy will be less by the time it goes live.

[mental tangle]

The apy will drop as more people enter

[faint cairn]

Oh duh, that makes way more sense...so basically the bet is that AXS will hold its value if not go up?

[candid plover]

You put in your axs and you generate ILV. The only way to really lose money is to pay more in gas fees than the rewards you generate. And yes price fluctuations of the coins themselves.

[faint cairn]

Well I am earning free ILV through the SLP that I am staking. I figure if AXS goes down and the weight is not high enough then I lose money even with the free ILV right

[brisk surge]

but also if you don't have any AXS yet then if you wait for lower AXS prices you miss the flashpool. If I already owned AXS I'd be in the flashpool for sure

trying to decide whether to go for it or not

[candid plover]

What he said. It also only lasts a couple weeks. It’s mainly for long term axs holders since they currently don’t have anywhere to stake their tokens.

[faint cairn]

I am as well, which is why I am trying to wrap my head around this. I feel like I am either over complicating it in my head or missing something

[candid plover]

I wouldn’t base your decision off the currently APY.

[faint cairn]

Right

[brisk surge]

yea, I'd wait for a couple hours or right before launch to see APY and see gas and see if its worth flickin it in there

But its a tricky spot considering how high AXS is relative to its lows, could easily pullback hard while its being staked

and lose out on any potential gains

although, still some sweet ILV

[candid plover]

Yeah I’d say it’s generally a risky play atm. But if you’re bullish on axs or have it already, it’s good to put in.

Axie having a lot of server issues right now too so the coin might tank depending on what happens.

[brisk surge]

I'm probably 10-20% likely to go for it and 80-90% to sit it out. But just keepin it on the radar for consideration. But yea like I said, if I already owned AXS there would be no reason not to do it

[candid plover]

If people sleeping on that pool tho and the apy looks rly juicy, might be worth the risky but like Krome said I’d wait til it’s closer to going live.

[faint cairn]

Yeah...I need to buy more AXS right now for my next breeding cycle

Yeah I am going to wait and see what the APY looks like right before it goes live

I am loving Illuvium the more I learn and look around. Jumped in on the staking today after finding Illuvium

[candid plover]

Nice. Illuvium gonna turn this space on its head.

[brisk surge]

It looks soooo gooood, and staking feels so good

https://tenor.com/view/trippy-ripple-water-feels-good-man-psychedelic-gif-5407951

[polar apex]

a friend who holds axs wants to know if it will be a flex lock on the flash pool or locked for 14 days

any info on that?

cool, thanks

[ruby wing]

Flex 🙂

[balmy ibex]

Anyone know if it is AXS v1 or v2

@timber rune I am looking at you

@timber rune sorry not you

@ruby wing I am looking at you

[potent flare]

v2

[ruby wing]

V2

from what I know

[slender ocean]

what is vesting?

[woven ibex]

There's many terms and acronyms in crypto that can be confusing at first. DAO, DYOR, HODL, ATH, KYC, DCA, DEX. To make this easy, you will find what the terms and acronyms mean using this site: https://coinmarketcap.com/alexandria/glossary Either search through manually or use the Ctrl F search function to find the meaning.

[slender ocean]

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

ok thanks i found this article... looks like it has what i need

ok si I can 'claim' as often as i want... but it needs to be vested for 12 months...

so basically if you staked for 12 months... it would be 24 months before you could do anything with the gains

[spiral flame]

https://tenor.com/view/trust-me-its-worth-it-the-black-mastadonte-yu-yu-hakusho-lets-talk-valuable-gif-17947316

[slender ocean]

while vested... what happens? are they part of the pool still earning APY?

[brittle wadi]

The staking is error?

I have a lot of pending

For the staking

Ang the swap eth to ILV

How many hows o days to wait to verify that?

Spend 6hrs

Ill spend 15$ for gas fee is so slow

[old nimbus]

Wow, seems like Im getting less than half of what I did at the start of staking per day, even with the additional ILV earned+staked.

yeah,

Was awesome.

Those were the days

[gloomy gazelle]

Yup

[old nimbus]

I think ILV was around 40

[gloomy gazelle]

https://tenor.com/view/reminiscing-good-old-day-old-memorize-gif-11810785

[old nimbus]

I was complaining my buy in was 80

lol

[gloomy gazelle]

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

[modern comet]

staked for 12 months and wait 12 months more for reward ? hemm so long

[gloomy gazelle]

Oh wait no.

Too tired to be doing this. Can’t make mistakes. Gotta go. Later y’all

[old nimbus]

Night @livid lark

[sharp spear]

No, it would be 12 months for your principal, and then 12 months from when you claim your rewards. So for example, I began staking about 3 weeks ago. But 1 week ago I claimed rewards in ILV. Those rewards were locked for 12 months from the day I claimed them (1 week ago).

[slender ocean]

ahhh... ok got it...

what happens while a reward is in vesting period?

will it earn apy

[regal osprey]

Yes

It will be staked in the ILV only pool for 12 months at a 2.0 weighting

[slender ocean]

nice...

ok i will vest when my ILV rewards maybe reach 20 or something...

[brisk surge]

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

[rocky fox]

I bought both ETH & ILV for the core pool, but I can't seem to select any amount, it stays at 0, can someone help me? 😄

[brisk surge]

what about XYZ staking? when will be open and how APY¿ THX!

If you are asking for the Sushi LP staking: On sushiswap, tab over to Liquidity. Input the equal amounts of ETH and ILV to get SLP. Then send that SLP to the SLP staking

[vale perch]

first time staking here..just gotten myself 2 ILV token for the core staking. Whats the recommendation duration for fixed staking?

gotcha with a higher risk tolerance i could just stake it for maximum returns. Probably stake them till the game begins open beta, so i could at least use the sILV.

[rocky fox]

it all cost a total of 30 usd eth, at 13,2 gwei, just putting this here for whomever wants to put liquidity next 😄

the rewards start compounding additional rewards once claimed(vested) right? If they idle and are not claimed they don't compound rewards?

[tropic mesa]

what is the current apy or staking?

[brisk surge]

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

[tropic mesa]

thanks but can't connect to wallet from here

[rocky fox]

120% for just ILV staking and 570-580%(and one year lockup)without lockup - 270-280% for ILV/ETH on sushiswap

[brisk surge]

The APY depends on if you lock your stake and how long you lock it for. Flexible staking = lower APY, the longer you lock the higher your APY

[brisk surge]

and yea I believe that's correct, that's my understanding

[tropic mesa]

holy crap, might have to give it a go

[rocky fox]

I just did with the 1-year lockup haha, I believe as long as the game's fine the token will also go up a lot, it's a governance token which will be offering income based on game revenue as well and lots of other things, it's a token with future usecases unlike 99% of the shitcoins out there 😄

also trying to do my part to support the play2earn movement, I love and truly believe in it 🙂

[tropic mesa]

but baby dog coin?

[spiral flame]

I have some SLP staked on flexible and want to transfer it to locked. Is there any way I can do this without claiming the tiny rewards? Because if I understand correctly, what I should do is

1. Claim the "big" rewards
2. Withdraw flexible SLP
3. Claim the "tiny" generated from that little amount of time (waste of gas). How to avoid this?
4. Stake SLP on locked pool

[brisk surge]

Just weigh the options to yourself, how badly you want to switch it to locked etc. I personally just ate the gas fee on my tiny rewards when I wanted to add to my staking and didn't sweat it too much. Up to you

[rocky fox]

depends on the amount probably if it's 500+ USD it'll be worth the gas fees most likely

[austere creek]

Has anyone tried staking twice? I have locked up 6 ilv tokens for 17 weeks at 100%apy. Im trying to stake another 4 ilv tokens but its asking for me claim my ilv tokens i have earned through interest. I have claimed it and paid the gas fees, once its processed i am quickly trying to stake my other 4 ilv tokens but it says the same thing as i gotta claim my tokens i have earned. It seems i have earning interest so fast i cant lock more ILV tokens. I had tried it twice and paid gas fees twice to try get these tokens locked in :(. does anyone know how i can lock them in?

[spiral flame]

Its just my OC is killing me when I see tiny amount of ILV on my vesting 😅

[brisk surge]

I've staked twice, on my second one I just accepted claiming the smol rewards I had and then my second stake went through smoothly

[spiral flame]

Yeah but I have to claim again when I re-stake the one I just withdrew

[brisk surge]

I didn't withdraw my first stake though, so could be different

[austere creek]

Ive tried twice paying 2 gas fees up to $15 each and

[spiral flame]

What im trying to do is withdraw my flexible stake and stake it on locked. So I have to claim, withdraw, claim, then stake

[austere creek]

it just keeps saying u gotta claim your rewards before u stake, and i am.

[spiral flame]

like this

you have to claim the very little rewards generated before you can stake

[austere creek]

i am

[brisk surge]

is your total pending rewards at 0?

[austere creek]

i have done it twice, right after the transaction goes through im trying to lock in my other 4ilvs but in that time its earned like 0.0000000004 of a ILV in those matter of 30 secs

[spiral flame]

this is what im talking about

you have to claim them however small they are

even just after 30 seconds

[austere creek]

ive done it twice

it seems like im earning interest on my first locked in ILVS to fast to lock in more

[brisk surge]

so for me, I didn't go to the seperate rewards tab and claim there. I just clicked stake, I was then prompted about rewards. I clicked yes/accept or whatever, and then it claimed my rewards and deposited my 2nd stake

[spiral flame]

its a month of flexible tho. i just want it locked for bigger apy

I think Im not explaining myself properly 🤔
What I want to avoid is claiming the very little amount of ILV in those little amount of time and paying gas before I can stake again what I just withdrew from flexible pool.

[brisk surge]

If you have any rewards in your "total pending rewards" you have to claim those before you can stake

I did my first stake to get my feet wet, then realized I wanted to stake more. I hadn't really generated enough rewards yet for the gas to be "worth" claiming them in a normal sense. To me, the gas fee for claiming the rewards was worth it to get my second stake rolling and accumulating, even if it wasn't "worth it" for that particular amount of ILV rewards. Now that I have my position the way I like it, I will wait for staking rewards to build up before I claim them again. I just consider the gas fee the cost of tuition for the learning experience.

idk if that makes sense, but just my personal perspective

[manic spindle]

Staking new ILV does require to claim existing rewards but it is still just one transaction

[spiral flame]

Got it. I guess I just have to wait a year before I can get rid of these almost 0 rewards 😆

[regal osprey]

When it says you need to claim first, it doesnt mean go back and manually claim and return to this page before proceeding. It’s saying choose ILV or sILV and we will claim as part of the staking process you are about to commence

It is a bit ambiguous though and the wording could probably be changed to make it clearer, as it is a point of confusion I had myself and have seen others have too the first time they try to do this

[oblique yarrow]

Hey guys, how can I stake on sushi LP ?

in the core pool

[brisk surge]

Have a meta mask wallet with equal amounts of ETH and ILV, with a little extra ETH to cover gas

Then: https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E

[oblique yarrow]

okkk thanks dude !!!

[brisk surge]

Once you've added your ETH and ILV to the sushi liquidity pool, you will get that value in SLP. Then send that SLP to the staking pool on illuvium website

[oblique yarrow]

we have to do it on sushiswap or illuvium ?

for the liquidity pool

I do it before on sushi ?

And after on illuvium ?

[brisk surge]

Do you have the amount of ILV and Eth that you want

[oblique yarrow]

I 'll do it later but try to understand now

before add the amount

[brisk surge]

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

Here's some info on staking ILV

if you want to stake in the Sushi LP pool, you will need SLP. To get SLP, you use sushiswap with equal amounts of ETH and ILV. Then, send your SLP to the Sushi LP pool on illuvium to begin staking

[oblique yarrow]

SLP isn't a token ?

It's something we get by doing the operation on sushiswap?

but I don't find the token...?

[plush pagoda]

staking 4 axs will be worth?

and i should stake it for 1 year? sorry if i ask

[oblique yarrow]

I'm so lost

[brisk surge]

Did you add your ETH and ILV to the liquidity pool on sushiswap to get SLP?

[oblique yarrow]

not now but when I'll do it, I just have to do it and then I'll get SLP but where ? In my metamask? And how I transfer it to illuvium's pool

this is all my fear lol

yeah...

okkkkk thanks so !

I have finaally understand !

[slender ocean]

Can you stake rewards on the ilv eth pool or no?

do the rewards claimed after vesting for 12 months...need to be vested again?

[manic spindle]

No. They remain staked but can be withdrawn anytime after 12months

[brisk surge]

So if I stake in Sushi LP, when the game gets released will I immediately be able to claim my sILV and use it in the game? Or does my sILV have a vesting period?

Also love y’all thanks for being so helpful

[fading nexus]

Yes,

no vesting on sILV

[merry ridge]

Does it happen that they apy goes to 0 because it looks like AXS staking might reach it because of the demand lol

[rocky fox]

It could go lowish but definitely not to the 0 😂

[brisk surge]

So when you stake in the SLP, when you claim your rewards, do you get both ILV and ETH?

A 50/50 split?

Or does it depend on price changes of both?

[merry ridge]

What is the limit for it to go down?

[brisk surge]

Ok. So Ik this has been asked, but I’d like to know if you guys are staking in SLP or ILV only and why, been doing a ton of research on pros and cons but I wanna get your guys opinions

[onyx isle]

whats the difference between single sided staking and ilv/eth SLP staking. pros and cons ? trying to get my head around it. currently just staking a large amount of ILV single sided and happy with the 100% apy returns. but just wondering what i could of done if i went the other direction.

thanks guys 👍

[brisk surge]

Based on my research so far, if you don't plan on selling and playing the long term HODL + interest reinvestment, it seems that the SLP pool is the best bet. Thoughts?

Basically just keeping the principal in forever, and reinvesting the interest.

Because impermanent loss doesn't exist if you don't sell

[strong wharf]

well, you can end up with less ILV if ILV pumps like crazy and ETH does not.

but crazy APY % makes up for that tbh

[brisk surge]

Yea, with the APY you can just reinvest the interest into an ILV only pool

And slowly it gets safer and safer over time

[manic spindle]

RevDis is paid out based on ILV. I think you still would lose out on that if your staked LP stack goes down in ILV

[brisk surge]

Also correct me if im wrong im still stupid brain

God this is so frustrating

thank god I don't have any eth in my wallet yet

Planning on putting $5 grand in sometime this week. I'm going to have 1 wallet with $1k with the flexible plan so I can use that money to play when the game gets released

I'm just not sure how I wanna allocate the other $4k in terms of the ILV only or SLP pool

I was thinking $3k into the SLP, and the other $1k in the ILV only

[manic spindle]

Everyone has their own strategy for that. No clear cut answer possible 😀

[brisk surge]

I know, I just need you to hold my hand and tell me everything is gonna be alright ❤️

lmao

[manic spindle]

I cannot give financial advice but personally to myself I'm easily saying that. No doubts about big profits as long as one is invested and staked somehow 😀

[brisk surge]

I still just have to wrap my head around impermanent loss, going to have to take some research. It seems so simple but it's gonna take me awhile

[long chasm]

To make my staking decision, locked vs flexible

When is the release date of the game?

[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.

[long chasm]

cheers mate

[regal osprey]

I tried to explain it someone here #🥩〕staking message in case it’s helpful for you.

I discussed IL from the perspective of ending up with less than ETH than what you started with, however many people here are mostly worried about it from the perspective of ILV outperforming ETH by a lot, and returns not being as high in the LP compared to just holding ILV only.

[fierce hollow]

I swapped via 1inch and no sign of the ILV in my wallet. How long does it take?

[strong wharf]

did you check your tx?

maybe it's still ongoing

[fierce hollow]

Etherscan says the contract execution is completed. The status is success.

[strong wharf]

did you add ILV to your metamask?

else you wont see it under "assets"

[fierce hollow]

Done. thx. I am such a noob.

[strong wharf]

no prob Ser

we were all noobs at one point 😄

[fierce hollow]

That feeling is a great compensation. Made my day. lol

[restive dove]

How does the pool work exactly? I buy ilv where?

[strong wharf]

Sushiswap

swap ETH for ILV

https://sushiswap.vision/pair/0x6a091a3406e0073c3cd6340122143009adac0eda

click on "Trade"

[subtle aspen]

Have terms for the AXS flash pool been published yet?

Sorry if this has already been addressed but I didn’t find anything after searching

[teal frigate]

I tried to stake my ILV but when it click stake it comes up with error out of gas? I’ve top up my ETH and still same thing. Payed the fee twice now and still not staked?

[exotic igloo]

Check your gas limit when accepting the transaction

Set it to 350 000

It will go through.

[delicate kestrel]

is there a minium ILV when staking?

[spiral flame]

No. I even have 0.0017 ilv staked

[delicate kestrel]

thanks for the reply

[spiral flame]

anytime bud

[shadow silo]

Hey, for AXS Flash Pool, are the AXS also subject to lock-up?

[exotic igloo]

No locking option on the flashpools no

[cursive quarry]

Hi everyone! Is there an article or info on the benefits of staking ILV? I am wondering if it'll open the door for presales or what the earned interest rate is for staking, or any other incentives.

Also, the price has skyrocketed and I missed the boat. Thoughts on ILV current value? still good opportunity or inflated?

[polar apex]

still plenty of milestones ahead, should be more upside on ilv

the earned interest rate you can check on the website directly, it changes with time

right now staking yields are still very high

[cursive quarry]

I don't see ILV on metamask. What wallet does it work with?

[polar apex]

you have to add the token

to metamask

use the contract address from coingecko

https://www.coingecko.com/en/coins/illuvium/usd

or u can click the metamask icon on it and it should add it directly

[cursive quarry]

Yes! I'm very new and still learning!

Thanks!

[polar apex]

yeah, no worries man

people around here are pretty friendly and helpful, can just ask

[cursive quarry]

Sounds like a great community

[polar apex]

it is, happy to find the place before the game launched

[cursive quarry]

Me too.

I see the APY at 120.88%

[polar apex]

it will definitely go down as time passes

and more people stake

but yeah for now the yields are incredible

[cursive quarry]

Is that really going to more tahn souble my investment after the lockup period?

[polar apex]

most likely not

you'll earn it at that rate for the near term, but as more people stake, your share of the pool becomes smaller

and therefore your apy will fall

[cursive quarry]

Do you know the frequency of accrued earnings?

[polar apex]

i believe every 13 seconds or something

basically every block

[cursive quarry]

Nice!!

I'm in.

[polar apex]

sounds good

welcome and lets enjoy the ride lol

[cursive quarry]

Someone told me to exchange on sushiswao for ILV. Is this the right way to get ILV and then go to teh staking site?

[polar apex]

this is the most common way yeah

[cursive quarry]

Ok, I'm heading there to give it a go

[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.

[unique grail]

Hi, good day. Is there a mobile or android version of this Sushiswap platform or it is only available in web? Thanks

[ocean quiver]

Hello all ! New here and trying to stake the ILV I just bought but the staking site says I have a balance of 0.0 any suggestions

[manic spindle]

You need to be connected with your wallet and your wallet needs to be on the Ethereum Mainnet

[ocean quiver]

MetaMask wallet connected and it’s on the main net through MetaMask browser

[manic spindle]

Do you see that your wallet owns ILV when checking on etherscan? https://etherscan.io/

[ocean quiver]

Yup it’s listed under tokens

[manic spindle]

What pool are you trying to stake in? If you have ILV it needs to be the single ILV pool, not ILV/ETH or the AXS flash pool

[ocean quiver]

Eh that worked ! 🙏 thank you

[ocean quiver]

Any pool you would recommend?

[manic spindle]

You need to make that decision yourself. Providing liquidity in the ETH/ILV pool comes with risks for possible higher rewards. Read up on things like Impermanent Loss for that f.x: https://academy.binance.com/en/articles/impermanent-loss-explained

[ocean quiver]

Awesome your great thank you

[cursive quarry]

That was easy, I'm Successfully staked now!

[polar apex]

congrats!

watch the gains roll in

i made more money in an afternoon staking ILV

compared to 2 months of staking DOT

[cursive quarry]

Have you done anything with Sushi LP? I don't know anythign about it.

[polar apex]

lol

i have

[manic spindle]

https://tenor.com/view/one-of-us-gif-11131756

[polar apex]

it's underperformed a lot already though

despite giving yields

[cursive quarry]

Do the earnings remain staked and earn interest also?

[polar apex]

you need to manually claim the earnings

before it starts to stake

the earnings are locked for 12 m

from the time you claim

usually people here will claim only when gas is low / they have a decent amount

in rewards

[cursive quarry]

Ok that's fine with me. I did a 12 month lock since I aim to be long-term anyway!

[polar apex]

yeah, you can enjoy that 2x pool weight

and revenue distribution

[cursive quarry]

Perfect! I love investing and mostly do futures trading so this is fun new territory for me.

This is the most enjoyable investing I have done though.

[unique grail]

WHat is the different between sushi, 1inch, gate.io and bitcoin.com?

[mint cave]

sushi and 1inch are decentralized exchanges, gate.io and bitcoin.com are centralized exchanges

the former run on the blockchain, the latter their own private infrastructure

[unique grail]

Ohhh i see cause i'm having difficulty which one to choose. And on sushi only a few fixed wallet are there such as Binance. I was actually a small time miner and i was thinking of getting off some of my ETH directly to sushi. But i guess i needed to go through first on one of those wallet listed in sushi first such as binance before. Like from mining platform wallet to Binance then sushiswap. Is that right?

[mint cave]

i'm not sure i'm understanding the question, but you don't keep any funds on things like sushiswap/1inch. you interact with the crypto stored inside a wallet like metamask

for example, i mine ETH and my payouts go directly to one of my metamask wallet addresses, and from that wallet i interact with all the dapps on ethereum. sushiswap/uniswap/1inch, all those

[unique grail]

YEs i also mine ETH, to be exact i'm NiceHash user and i can convert some of my BTC to ETH. All though still unclear to me what to do next.

[mint cave]

if your mining payments are being sent to a binance address, you need to set up an ethereum wallet (i suggest metamask) to move the funds into from binance. alternatively(maybe, not sure how nicehash is) you can just send your mining rewards into that metamask wallet

[sharp rover]

How often do you guys claim your $ILV? Is it worth it to claim maybe every time you make 1 full coin?

[mint cave]

https://metamask.io/faqs

[sharp rover]

If I earn 120% on $ILV every time I claim it wouldn’t it make sense to claim often?

[unique grail]

Ohhh ok ok, so in order here is

1. Mining platform
2. Then metamask or binance
3. From metamask or binance to sushi
   Did i got it right?

[mint cave]

sorta

sushiswap and all decentralized exchanges are merely interfaces for interacting with the blockchain. you cannot store anything on them, it's just a way to interact

the 'storing' is happening in your metamask wallet

binance and places like gate.io are both in one, you store it with them, and you trade in the same spot

but they technically own your funds

with metamask, you have ownership of your funds

[unique grail]

Now i'm starting to understand things of how it works.

Sorry to make it a bit confusing, cause i'm trying to do full research and understanding before i throw a few of my cryptos down the business hehehheheh

[mint cave]

lol it's ok, i've been in crypto for 5 years and there are still things way beyond me

it is super intimidating learning new aspects at first too

[unique grail]

Yeah glad to know you guys were so helpful cause i just started mining and getting involved in crypto last year and i feel there's more i need to learn specially in the financial point of views 😁

[mint cave]

the good thing about emerging technologies...you can never know it all...lol

[unique grail]

Absolutely true i believed that. So what i'm thinking tonighy here in my place was convert some of my BTC to ETH. WHile waiting set up metamask or binance. Send my ETH either MM or Binance. Then link either MM or binance to sushi and send my eth there so i can buy iLV and eventually stake.

[mint cave]

you can't link binance to sushi, only ethereum wallets (metamask and similar)

[exotic igloo]

Your crypto is way safer on metamask then on binance anyway

[mint cave]

easiest is, if you have funds already in binance, just send some of those to your newly set up metamask wallet

[unique grail]

Ohh sorry my bad slipped my mind heheheh i forgot

[mint cave]

lol np

[unique grail]

I'll set up my metamask first then do some computation of how much ETH i will need then i'll get back. Thanks 😁

[gloomy gazelle]

The APY in the $ILV only pool will continue decreasing

but yeah claiming when you have decent amout of rewards is smart. Right now something like 10 ILV each claim I guess.

[gloomy gazelle]

perfect

[full lagoon]

Not worth to stake if you only have less than 10 ILV?

[sharp rover]

Cool thanks. Going to wait for 10 ILV for my next claim but didn’t understand how this worked when I first started. Will it cost gas to unvest my tokens? So I did the Sushi LP and first claimed my ILV when I had .06 in rewards just because I wanted to test it out, then claimed again when I had 1.5 ILV day later. But that caused the original .06 ILV reward to claim .0003. To my understanding that .0003 is lost forever due to it not being worth the gas fees?

[gloomy gazelle]

that's a good point. There are plans to make a way for all unlocked ILV to be withdrawn even if its in a separate vesting batch. But, it won't be a simple coding problem. Also, when gas is super cheap... it may be worth it. ALSO that .0003 is still going to keep working for you earning more ILV... just a tiny bit.

All your vested ILV pools the rewards together. So as you claim more you will be able to earn more.

When you claim your rewards from SLP staking you also claim rewards from ILV only staking

by super cheap I may mean ETH2

[sharp rover]

Ahhh okay really appreciate it. So the original .06, the .0003 reward on that, and my 1.5 all get added up? makes sense. By the time I have 10 ILV for my next claim from my SUSHI LP, the 1.5603 of previous claims will have earned I think .06 at current APY which should come close to covering gas at a slow time. Then I’d have 1.5603 + .06 + 10 all earning together. That’s dope

[gloomy gazelle]

yeah that sounds right

[sharp rover]

Cool, thanks for the help!

[paper yacht]

is there an FAQ on this flash staking?

[exotic igloo]

Yes, #🔗〕helpful-links Medium article #28

[paper yacht]

[drifting shell]

I've finally done it

I've now made more in Reward ILV than my SLP tokens are worth

[paper yacht]

does the APY compound daily?

[drifting shell]

https://tenor.com/view/the-only-direction-we-can-go-is-up-hurriwind-smite-going-up-improve-gif-17334144

[gloomy gazelle]

woah

[gloomy gazelle]

no... you compound manually

[manic spindle]

You have to claim manually for rewards to compound

[gloomy gazelle]

by claiming

[drifting shell]

i think he meant the claimed ILV

[paper yacht]

[drifting shell]

as they too compound while they're being vested

[gloomy gazelle]

All vested ILV earns more ILV every BLOCK so like every 15 seconds. But in order to have your unvested rewards start earning you need to claim/vest them

[hushed knoll]

What's the minimum amount to stake?

[eager rover]

Technically there is no minimum amount but it does not make sense to stake 0.0000001 ILV when the gas cost is $20.0

[tight venture]

At what rate are emissions decreasing?

[gloomy gazelle]

3% every 2 weeks

The big thing is that pretty much all that ILV being distributed is getting locked into the $ILV only pool for 12 months at 2x weight

[potent flare]

my pool tokens are stuck at 1.64, are they so slow to come in, or they come in at specific times?

[manic spindle]

Rewards pile up on a constant basis with every block so roughly every 13-15s. It depends on the size of your stack though how long you have to wait to actually see the number grow

[potent flare]

1.64 appeared instantly, i ave 0.5 eth 6.... ILV for an hour

i mean the LP tokens

[manic spindle]

If you had 1.64 instantly, then that's probably what you deposited yourself. That's not gonna change until you manually claim whatever rewards have been piling up for you.

You should only do that when there is enough to make gas fees worthwhile though

Also, claiming rewards will give you ILV not SLP tokens

[unique grail]

Hey mate i've done it. Converting some of my btc to eth and setting up a metamask account. I was also able to confirmed in my mining platform Nicehash the Metamask Address (i guess) and the only way that's stopping me was the high transaction fee of $12. Cause I was planning to send a small amount first just to test if it works and if not i will only loose a small amount. I guess i need to have a clear mind first and think of things before i proceed right?? 😂

[potent flare]

wait you lost me, how could have i added them myself, the only thing i did, was deposit eth+ilv, activated my wallet, and thats pretty much it

[manic spindle]

Have you staked anything yet? If not, then obviously you won't get any rewards yet either.

[potent flare]

what is there to stake? you mean the 1.64 i got?

[manic spindle]

If you received SLP tokens after providing liquidity on sushi swap you need to actually stake those SLP tokens on the ILV staking site

https://staking.illuvium.io/

[potent flare]

oooh......

damn, i literally dont have any gas funds 😄

[manic spindle]

That's needed unfortunately, sorry.

[potent flare]

yea thank you, at least now i know!

[manic spindle]

SLP tokens have to be staked in the Sushi LP Core Pool

[mint cave]

lol yep, be methodical. it's a shame it has become kinda expensive to send small test transactions as of late. growing pains i suppose

[unique grail]

Thanks for all the help here, you are right be methodical since i'm not just simply mining and withdrawing, now i will be involved in staking and maybe in trading so i need to think clearly every step i made. Well i'll try to monitor the Tx fee from my mining platform if it will go down a bit even just $2-3 would be nice. Thanks again sir 😂👌

[mint cave]

you're welcome! 😄

[icy pier]

Do I have to claim my ILV for it to vest?

Or is it automatic?

[glass carbon]

you have to claim, most people wait for low gas

[icy pier]

ty

[cedar swan]

New to staking here, got some questions to ask. So let's say I stake 1 ILV ($160) for a lockup period of 1 year with APY of 120%, in 1 year time I'm looking at a return of 1.2 ILV ($192) which brings my total value to 2.2 ILV ($352). In the instance that ILV's value in a year time drops to $40 for example, then I'm looking at a loss of $72 for staking. Is that scenario correct or am I missing something out? Just for my knowledge if anyone could help!

[gloomy gazelle]

That would be correct but... the APY is variable and will not stay at 120% even if you lock in staking. It goes down as more ILV is in the staking pool.

[valid kite]

Is staking out yet? If so where?

[gloomy gazelle]

Check pins

[valid kite]

Ty

[cedar swan]

Thanks for clarifying! Appreciate it

[sharp spear]

Yes, but I wouldn't phrase it as you are "looking at a loss from staking." You are actually ahead thanks to staking. The loss is from a lower price, e.g. capital depreciation. So yes, your end result, if you sell, is you are down in dollar terms. But thanks to the staking, you are down much less had you simply held and not staked.

[ruby wing]

@brisk surge https://illuvium.io/ stake through the staking tab.

read about gas fees, claiming and the core pools before you stake.

[brisk surge]

many thanks

[bold viper]

So I was reading the medium and there was talk about vesting after the tokens are locked ect

does that mean that if I lock my tokens for 12 months for the 2.0 weight, then vest them, I need to wait another 12 months?

wait, I think I misread that part

locking the tokens...is vesting?

[cunning zealot]

what is the core difference between staking ILV and staking SUSHI LP?

[ruby wing]

Risk of Impermanent loss and the need to have ILV and ETH in the Sushi LP

because of that, there is more risk and higher yield in the LP pool

[glass carbon]

Every reward is subject to a 12 month lock. To start the clock for your rewards you have to claim them and pay a gas fee. You can withdraw your rewards (and sell if you wish) 12 months from that claim date. The rewarded tokens are now vesting. Until the 12 months are over you'll receive staking rewards on the vesting ILV (compounding rewards)

[bold viper]

So I dipped my toes into staking and staked 0.3ILV in a locked pool for 8 weeks. Does this mean I will have to wait 8 weeks to claim them, pay a gas fee, then wait 12 months to receive the ILV?

if I lock it for 52 weeks, after that I would have to wait an additional year until? Same with the flexible pool?

[glass carbon]

you can claim whenever you want to start the 12 month clock but yeah otherwise that's correct

[bold viper]

So I wait until I have something to claim haha first

[glass carbon]

if you claim throughout your lock period you'll overlap your lock and vest period

[glass carbon]

yes haha

[cunning zealot]

I dind´t quite get the risk involved. I mean, i could have some ilv and eth for the gas fees np, but i don't get why one is 400% bigger then the other

[bold viper]

oh thats good-ish

[glass carbon]

but you're right to claim your final reward it'll be a year from your end of lock date. or rather a year from whenever you claim your final reward (which you can't earn until your lock is done)

[bold viper]

would you suggest I stake and lock for as long as I can or try to be quick so I have some funds by the time the game releases?

no, the game releases this year, I won't have time

[glass carbon]

you can choose to earn your rewards in sILV which you can spend in the game

but won't earn compounding rewards

and you can't sell it

[brisk surge]

You can experience impermanent loss with lp tokens.

[bold viper]

I bet people who have been here since the beginning might be in a better position since they would have more time hmm

[ruby wing]

https://academy.binance.com/en/articles/impermanent-loss-explained

[haughty estuary]

If i've staked and locked for 12 months, do i have to manually claim for the lock period to start or is it automatic?

[glass carbon]

you have to claim

manually

[haughty estuary]

thanks @glass carbon

[bold viper]

@glass carbon I thought they overlapped?

[cunning zealot]

Thank you, now i get it

[glass carbon]

they do when you claim manually

[bold viper]

But I only can claim once the locked period ends, then the 12 month vesting period begins yes?

[glass carbon]

no you can claim whenever you want. but like you mentioned you wanna wait until it's worth it

[bold viper]

oh my bad

It makes complete sense

[glass carbon]

that only applies to rewards you claim toward the end of your lock period

[ruby wing]

Great!

[cunning zealot]

Travel fee´s and cured shards can be obtained with the rewars or only with new dollars?

[slender ocean]

how many minutes since the AXS pool start?

[bold viper]

So do we suggest staking in a locked pool for as long of possible for that 2.0 weight? I mean, how much sILV should I try to get in order to have a proper start to the game. (buy shards ect) (disclaimer I barely know how all this works haha)

[glass carbon]

it's up to you depending on your strategy. if you need that money you'd wanna stake flex, if you want long term staking then full send 12 months you know? No pricing released yet so keep that in mind

and remember you can spend ETH as well

[bold viper]

ETH? Where?

[ruby wing]

I think both ETH and sILV can be used for those

[glass carbon]

I mean in game after release, sILV not required

[bold viper]

Hopefully sILV would have the same value on the games market even thought it can only be used in the game

also thanks a ton @glass carbon, Im practically an expert now with your help! Now all that's stopping me is my empty wallets hah

[cunning zealot]

LMAo, justt lend some money from the bank

[bold viper]

... -_-

[valid kite]

so what does the staking process look like for ILV

[slender ocean]

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

[valid kite]

ty

[glass carbon]

Yeah it's pegged 1:1 to ILV not to worry

[glass carbon]

Glad I could help!

[valid kite]

any idea why when i connect my wallet to their website they say I have no sushi

[glass carbon]

did you add liquidity to the pool

[valid kite]

that is waht i am trying to do

when i click stake it says I have no Sushi

[glass carbon]

you need to add to the Sushi LP first to get SLP tokens

then you stake those

[valid kite]

and I woudl do that on somehwere like sushi swap @glass carbon

[glass carbon]

yeah go here

see liquidity?

[valid kite]

is that on the sushi swap platorm or your website

[glass carbon]

you provide on the sushi website

it'll automatically send you SLP tokens when the tx goes through and you stake those on our website

[valid kite]

i am confused

so first step is to stake the sushi on sushiswap

?

[fiery spire]

Do you already have ETH and ILV on your wallet?

[glass carbon]

oh did you buy sushi?

[valid kite]

I have sushi from awhile ago

and i have ETH but am waiting for funds to be transferable to buy ILV

and thought i would stake my sushi in the meantime

[glass carbon]

so the Sushi LP pool refers to the liquidity pool ON sushiswap platform, not sushi tokens themselves

[fiery spire]

That's not it. That's the sushi token from the SushiSwap protocol.

[valid kite]

ohhhhh okay i understand

i understand now, and to enter that pool I woudl go through your website when I have my ILV ?

or sushi swaps website

[fiery spire]

Trough SushiSwap first. That part is not explained on the staking guide unfortunately

[glass carbon]

to enter the sushiswap pool of ETH:ILV you'd use sushiswap website. This requires ILV and ETH. Then you bring the SLP tokens you get from that to our website and stake those.

[valid kite]

okay and the ETH:ILV pool pays out in ILV or ETH? and the SLP token are eual to my inital investment or do am I payed out in SLP tokens

[glass carbon]

it's both because you have to put in equal amounts of ETH and ILV. You can read more about it if you research how Liquidity Providing works. SLP tokens represent your initial investment and you send them back to sushi to get your value in tokens back (but not exactly, look up impermanent loss). Once you stake them in our contract you are rewarded with ILV.

#🥩〕staking message

[valid kite]

okay thanks for the help

[tame flint]

hi just saw this game is it running already?

[merry ridge]

Not yet

[tame flint]

thanks soo need to reserach more about this game

[glass carbon]

#🔗〕helpful-links

[teal frigate]

I’ve tied to stake and the transaction has been pending for almost 10 hours any advice?

[merry ridge]

What is the final APY for AXS staking?

[exotic igloo]

You probably went with a low gwei

Try speeding it up in metamask

[teal frigate]

Yeah I tried to stake twice and it ran out of gas both times so I increased to it to 350000

[odd adder]

to Start staking i need to get ETH to trade in for ILV Right?

[brisk surge]

You need to get ilv somehow, most popular way is to trade eth for it at sushi swap

Then after you have ilv in your wallet you will need some eth to pay for the gas fees

Right now the gas fees are extremely high so I would highly recommend waiting until they get lower

[odd adder]

About how much are the gas fees usually?

[brisk surge]

Can't tell you exactly, I don't usually use eth :/ but someone said that low fees are around 10 gwei (I don't know how much that is :'()

Someone more knowledgeable will probably answer you

[odd adder]

Okay Thank you 🙂

[candid plover]

For what kind of transaction?

Buying ILV on sushiswap?

[odd adder]

No i was thinking about staking ILV

[candid plover]

When you initially stake you have to do 2 confirmations from ur wallet. 1 to let ur wallet connect to the site ($0.50 fee) and then 1 to stake (probably around $10-20 atm)

You can also start the transactions and see what MetaMask pops up with and just reject if it’s too high.

It also takes gas to claim your rewards every time. So you want to let them build up to a reasonable amount before claiming them. Right now at 30 gwei it’s about $30.

So not rly worth it unless you’re claiming a big amount.

[odd adder]

Damn, and the rewards how good are they?

[candid plover]

You can see the apy on the staking site. I think staking ILV is about 120% apy atm if you lock for 1 year

[paper yacht]

does the flash pool automatically return your AXS after the 2 weeks?

[exotic igloo]

No you need to withdraw them

So the secret is to not claim your ILV rewards as withdrawing your AXS will force you to claim those rewards anyway

[sonic wolf]

Dear god, please make ETH 10,000$ and ILV 1,000$ and I wont complain about IL. Thank you!

[misty karma]

Or Satan. Whoever is up for the task.

[naive pendant]

Gas fees fluctuate depending on the activity. High activity increase gas fees especially when highly anticipated NFT projects drop. That's why gas fee was so high earlier today because of Stoner Cats

[gloomy gazelle]

https://tenor.com/view/water-spray-stop-sprinkle-water-spray-bless-and-santize-you-gif-16738689

[misty karma]

https://tenor.com/view/south-park-satan-whatever-eyeroll-rolling-eyes-gif-17227815

[gloomy gazelle]

https://tenor.com/view/whatever-southpark-gif-4990391

[eager cypress]

Question: so if I stake some ilv and lock it in for 3 months, when three months is up I can only access the rewards if I choose silv(the in game currency) but if I don’t choose anything my rewards are locked in for a year and at the end of the year I can access the ilv?

[gloomy gazelle]

Not quite. You can claim/vest your rewards whenever you want to.

Under rewards tab you will see your amount of rewards growing. You can choose to claim either ILV or sILV

sILV is transferred to your wallet to be used in game as you said.

ILV gets vested. Locked into the ILV only staking pool for 12 months. Earning you more ILV.

[eager cypress]

So if I staked say $100 worth of ilv and say after 6 months I had $50 worth of rewards so I have a total of $150 now. At this point I can choose ilv or silv. And if I choose ilv I can’t touch it for a year and I get more rewards, and if I choose silv I get to use it in the game immediately?

[exotic igloo]

Yes

[eager cypress]

Okay thanks y’all

Here’s another question, why are the rewards for the sushi Ilv so much higher than regular staking ilv

[gloomy gazelle]

the risk

And the actual help it gives the project

The sushi LP staking pool is for those that provide liquidity on sushiswap. Equal value ETH:ILV at entry.

Liquidity providing carries a risk of impermanent loss.

You should look it up

[eager cypress]

Gotcha I looked it up, makes a lot more sense now

[oblique yew]

I've been trying to stake to the core ILV pool and it said it failed, it's done this twice now, any advice, lost money on the gas for nothing

[junior shuttle]

with metamask or hardware wallet?

[oblique yew]

Metamask

@junior shuttle

[eager rover]

FUD

[gloomy gazelle]

Are you certain that etherscan is saying it’s failed?

If so I’ve seen a few of these situations come up today. I’m thinking the solution is to increase the gas limit. Not the gwei but the limit.

[brisk surge]

anyone got some beano or somethin? been waiting for this gas to come down

[gloomy gazelle]

Hmm the weekend?

[brisk surge]

https://tenor.com/view/dj-khaled-you-smart-smart-gif-4495825

[slender ocean]

some whale put in a lot of money into the axs pool... now apy is at 20%

huhu...

[sonic wolf]

AXS treasury staking? lol

[oblique yew]

Yeah I confirmed both failed, I will try increasing the limit next time

[gloomy gazelle]

I’d make the increase by a lot. 2x even. If it’s too much it won’t get used.

[sonic wolf]

I usually just put 1 or 2 in front of the gas amount

[ruby wing]

https://media.discordapp.net/attachments/791148476218081321/869574807849697310/trailerpark.gif

synthawhale

[slender ocean]

yes... now im gonna get next to nothing after two weeks... huhu

[gloomy gazelle]

Yikes. Time to dig into that scanner and find that address

[sonic wolf]

why whale? its still gonna use for transaction only necessary amount

even if you put in 10x gas

[ruby wing]

true

[fathom torrent]

hey guys quick question- if I want my staking rewards to compound as fast as possible do I need to claim them?

[sonic wolf]

use calculator

[ruby wing]

yes

depends on how much you have, most ppl claim every 2 weeks, people with bigger bags claim daily

[sonic wolf]

your gas spent must be less then your difference that claim must bring in that time frame

[gloomy gazelle]

Calculator is pinned

[regal osprey]

How many ILV do most people wait to have before claiming? Like 5?

[fathom torrent]

okay I see thanks guys!

[sonic wolf]

so if you claim every two days, your APY delta for 2 days must be > gas cost

[ruby wing]

I wait till I have 4 in each pool

but thats just me

so lets say 5-10

depends on gas

[sonic wolf]

I was claiming every 5 ILV when single pool APY was triple digits

now every 10-20 or greater

[ruby wing]

ya I think im changing my strat to this

gas is too high

and LP pool sucks because of gas

[regal osprey]

Single pool APY is still triple digits?

[gloomy gazelle]

Yeah. Barely. It was 500% for a bit.

@trim stump are you trying to stake?

[trim stump]

yes

[gloomy gazelle]

Do you have a MetaMask wallet setup?

[trim stump]

i used exodus

[gloomy gazelle]

Ah ok

Hmm

[trim stump]

im just trying to get ethereum now to stake

[keen igloo]

Pelican I use metamask. When you guys say remove at 5-10 or so coins, in the actual browser how do you determine that amount is in your rewards?

Just trying to understand before I put any in

[eager rover]

I am even lazier

[gloomy gazelle]

Hmm I don’t see exodus as an option to connect to the staking platform

[gloomy gazelle]

There is a rewards tab that will list the amount of ILV available to claim

[keen igloo]

Under Liquidity -> Remove? Or am I looking at the wrong thing

[gloomy gazelle]

So you are trying to do the SLP pool? If so you need to provide liquidity on sushiswap as ETH/ILV and then use the SLP tokens you get in return to stake in the Illuvium staking protocol

[gloomy gazelle]

Sounds like the wrong thing. Are you on sushiswap or something?

[keen igloo]

Yes. In the metamask browser

[trim stump]

ah ok i'll look into it now

[gloomy gazelle]

https://staking.illuvium.io/

[paper yacht]

who killed the AXS staking apy

[spiral flame]

it went down real quick

[uneven kayak]

so, if I'm staking in the lp, and lets say at the end of the 12 months ILV has pumped and I have more eth than ILV, if I just wait for ETH to pump and balance it out could I theoretically get out of the pool with the same amount of tokens that i got in with (+ lp fees)?

[gloomy gazelle]

Yeah pretty if values get back to the same ratio as what it was when you entered.

[uneven kayak]

ahhh perfect ok that eases my nerves a bit. I don't want to wind up with less ilv than when I started 👌

[sonic wolf]

still 88%

[spiral flame]

How to convert sushi lp back to ilv?

[gloomy gazelle]

Some folks all in the SLP have already earned the ILV they first put in.

[pulsar tulip]

Hi gud I have lock my ilv in the locked contract, is it possible to lock the remaining ILV in flexible? if so will the rewards be combined?

[spiral flame]

Yes.

[brisk surge]

hey man, could you tell me how you converted your ILV into Sushi ILV cant seem to figure it out

[spiral flame]

if you mean suhi lp, I have my eth converted on zapper.fi

[brisk surge]

okay thanks

[random sable]

Hi, is there a way to unstake AXS? the APR dropped, thinking to just lock long term in sushi LP

[manic spindle]

You can always withdraw at any time under "Vesting". If there are more questions specifically about the AXS pool, please consider #axs 🙂

[random sable]

Thank you!

[slender ocean]

It was 20% a few hours ago

[candid plover]

Axs staking pool 18% lmao

What is that a bank?

Now this is a big brain move.

[brisk surge]

https://tenor.com/view/mind-blown-amazed-explosion-space-omg-gif-10279314

[shrewd ingot]

Is it possible to withdraw a stake after I stake it? If I stake 1 ILV, can I later withdraw that 1 ILV?

[manic spindle]

If you don't lock it for a certain amount of weeks, anything you deposit can be withdrawn again immediately after depositing it.

Only your rewards - when claimed - will be vested and thus locked for 12 months and staked in the ILV pool with a token weight of 2.0

[shrewd ingot]

Ok, so rewards will always be locked for 12 months even with a flexible stake but your deposit can be withdrawn immediately with a flexible stake?

[manic spindle]

Correct 🙂

[shrewd ingot]

Thanks 👍

[wind seal]

hi

could anyone guide me here?

about staking?

[manic spindle]

There is an article for that as something to start with:
https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac

[wanton nova]

Hey, the AXS pool got active 10h ago, right?

[haughty estuary]

Hi is there an amount that is "too small" to stake? or is it worth it to stake small amounts?

[mint cave]

you can stake as much or as little as you want, "worth it" is determined by how much the transaction will cost you

[haughty estuary]

ok, ill keep that in mind. Thanks 🙂

[wanton nova]

Hey, when I want to stake more ILV I have to first claim my existing rewards. Do I have to pay gas once or twice? And if once I have a follow up question: Is the claim+stake gas fee higher than the just gas fee?

[manic spindle]

I'm not sure how the claim+stake transaction is set up but claiming rewards when depositing more is necessary but it should only require one transaction.

[wanton nova]

Danke

London Fork can't come soon enough. Gas fees are killing me

We don't know yet the sILV price for ingame actions, right?

And sILV can't be staked, right?

[manic spindle]

Value of sILV is supposed to be pegged to ILV. Prices in-game should be in $ if I remember correctly but can then be paid with ETH or sILV. And no, sILV cannot be staked. If you want to get around the 12 months vesting period of your claimed rewards by going for sILV, then this is one of the downsides of it.

[wanton nova]

Thanks for your effort. But the in-game prices in $ are not out yet, right?

[manic spindle]

No. Any numbers you might find right now are not final 🙂

[coarse harbor]

Holy shit!