🥩〕staking

[sonic wolf]

1 sec

i will post a crazy nice video on IL

[grizzled granite]

hahaha !!!!!!!! its a process for sure XD im going to try my best today gotta stake something hahaha

[serene steeple]

Same here, pay day is tomorrow, and this has been goin around on my mind for a week now

[odd vapor]

yeah me too,

[sonic wolf]

https://www.youtube.com/watch?v=8XJ1MSTEuU0

this video explains IL nicely

[odd vapor]

btw you can't use polygon in il

ilv

[sonic wolf]

nope

ILV will be using immutable x

[vivid quiver]

and have your rewards in that time made up for it?

[sonic wolf]

with current APY, yes

[vivid quiver]

you really have over 300k in ilv ser

wew

cost basis?

<50?

[sonic wolf]

no i have much more, i just used as example

[eager rover]

Yes SM has half the supply

[sonic wolf]

cost basis between 40-80 dollars

[eager rover]

Be nice to him

[vivid quiver]

much mo-re

[sonic wolf]

i did DCA

[sonic wolf]

why is that relevant?

[vivid quiver]

just a staggering amount ser

if i didn't have $500k of illiquid bullshit

i would ape in too

[sonic wolf]

trust me, you want as much ILV as you can get

[vivid quiver]

yeah

trying to get to 1k before it moons too hard

too many nfts

[sonic wolf]

well nfts are good too

[vivid quiver]

im more drawn to the rev sharing

eh i feel this will easily outperform

[sonic wolf]

yeah revsharing will be epic

[vivid quiver]

im thinking of selling my apes

[eager rover]

We all are

[vivid quiver]

for ilv

even though apes are a great long term hold

[sonic wolf]

thats up to you mate

[vivid quiver]

%return wise

i have higher expectations for this

[sonic wolf]

I just bought another 100k USD worth of ILV

[vivid quiver]

it's hard because you have to gauge oppo cost between multiple appreciating assets

[sonic wolf]

at 183$

[vivid quiver]

it's kinda crazy

[sonic wolf]

so pretty bullish

[vivid quiver]

very nice

congrats on your future fortune

(larger-)

😆

[grizzled granite]

synthaman will you stake it all? and do you lock for double or not? sorry thanks

trying to determine whats most profitable methods lol

[vivid quiver]

i was looking for ways to get maximum exposure

but i noticed there are no big cex supporting it

like i cant buy perps on binance for it

not sure what gate offers

holding raw token is okay but i prefer leveraging up hard and setting a stop and leaving it

[short copper]

Just take out a loan on your apes from pennybags

[sonic wolf]

so I did this: 20% double pool/80% single pool

then inside each

[vivid quiver]

alreayd did that

[grizzled granite]

oh

[vivid quiver]

earlier today

xd

[grizzled granite]

nice thanks

[sonic wolf]

i did 60% locked for 12 month

[short copper]

Oof so you're apeless with a bunch of ETH currently

[grizzled granite]

oh ok

[sonic wolf]

then 10% increments every 3 month less

[vivid quiver]

bunch oif ilv* spent it all on ilv

[vivid quiver]

nice, any particular reason for the lower lock periods

or just preference

[sonic wolf]

emergency if I need funds

since I spend all my money on ILV

[vivid quiver]

you're really all in huh

[sonic wolf]

need some plan B

[vivid quiver]

hahahaha what a guy

proper ape

all my nft profits will be channeled into ilv

over the next few months

[grizzled granite]

haha true good plan all the best ILV is fantastic i think itll be great

[raw basin]

sorry to be a pain but where do you find/or work out how much ilv you have lost in the eth/ilv pool?

[tawny lagoon]

Hi! If I stake my AXS tokens, can I unstake it anytime? Is there a lock period? How long? also, I have 100 AXS on my wallet- if I click "STAKE" button, will I be able to enter manually how much AXS will I stake? I don't want to stake all my AXS. Thanks

[sonic wolf]

https://v2.apy.vision/

it gives you breakdown how much ILV you lost and how much ETH you gained

[tawny lagoon]

Thanks Ami.

[dark bear]

Hey guys! If I stake AXS can the AXS be withdrawn anytime I choose or do I have to lock it up for a certain period of time?

I'm blind, I apologize for not looking above me haha

[potent flare]

anytime for axs

[candid plover]

Lmao same. Singled staked some for 4 months in case I need them for god knows what.

[serene steeple]

Bro, if I may, my level of digesting info is crap right now due to work hahaha
Single stake is that you only staked on
One option right?

[manic spindle]

Yes, single staking means ILV only, no liquidity providing with ILV/ETH

[serene steeple]

Aight. The liquidity one is where IL can occur correct?

[candid plover]

Yup

[serene steeple]

Any advantage of staking once vs staking on both vise versa?

Haha it deels like my left brain is at work, my right brain is studying all these

[candid plover]

You have to have both ILV and ETH in equal usd amounts to join the LP.

[serene steeple]

Oh right I saw the vid about this
So if I put in say 10 ILV
I should put in also equivalent usd amount of eth

[candid plover]

Not 10 ETH

Yes

[serene steeple]

I edited hahaha sorry

[candid plover]

Good edit

Lol

So if ILV goes up and ETH remains flat. It will sell off some ILV and buy ETH to keep the balance.

[sonic wolf]

the trick is, do not restake it or withdraw

and it will keep giving you same multtiplier

[candid plover]

100%

Or I’ll withdraw it and throw it in the LP. Can’t tell me nothing

[serene steeple]

I think I am kinda getting it.. kinda lol
So a single stake is like just keeping a hold on your ILVs am I correct on this?

[candid plover]

Yeah and you’ll gain more ILV

Not reliant on ETH at all

[serene steeple]

Gotcha. When you said you staked for 4 months what does that mean?

[fading nexus]

the trick is, do not restake it or withdraw
@sonic wolf you mean on sushiswap I gues? On the illuvium website you can change tactics by changing from flexible into locked or partially locked?

[sonic wolf]

on both pools

if you have multiplier (locked for some time), unless you restake or withdraw, you keep that multipler

[candid plover]

A portion of my investment, I staked ILV in the single asset pool for 4 months.

It’s locked for 4 months. So I get a decent weight in rewards but I can sell it if needed.

4 months = 1.33 weight In rewards

[brisk surge]

When my tokens unlock after 12 months, will they still keep generating 2.0 weight for rewards or do I have to lock them again for 12 months

[candid plover]

They will be 2x weight until u unstake even if they’re unlocked

[brisk surge]

Jheez

[candid plover]

It’s dope

[manic spindle]

One of the reasons why locking 12 months right away CAN be a good choice, yeah

[brisk surge]

Atm I’ve done 25% for 12 months and 75% until December

1.56 average weighting

[raw basin]

thanks mate

[candid plover]

Lp or single stake?

[stiff glen]

Lost eth gas fee while staking ilv transaction failed please help

[daring vector]

Why stake?

[trail jacinth]

[vivid quiver]

to make more money

and prevent getting diluted

[stiff glen]

Anyone what should I put in gas fee

[candid plover]

Gwei may have spiked right after ur transaction

Definitely sucks when it happens. Did your transaction actually fail? You checked it on etherscan?

[regal marten]

Eip-1559 going live on august 4 should alleviate these problems of uncertainty whether your transaction will go through

[candid plover]

Doesn’t solve his problem today tho

[stiff glen]

On metamask it shows failed

[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

[candid plover]

Okay then you have to do it again. In my experience that’s a rare occasion but you can choose rapid/fast for a better chance

[stiff glen]

I choose fast still failed all my ether money is depleting costed me 17 dollars still failed

This was the first one failed then again failed for 17 dollars 😭

[candid plover]

This was to stake, not claim rewards right?

[stiff glen]

Yes

[candid plover]

Dm me

[sterile grove]

hi mates, I did all my transaction yesterday for the Sushi LP (ILV +Eth). I understand that the rewards can be claimed immediately. I have a few questions regarding it

1. the 12 months vesting period only starts once i pressed claim?
2. If i did not claim the reward, does the compounding still work?

[manic spindle]

No compound until you claim. Vesting period starts at the time of claiming

[sterile grove]

thank you for your reply. So i should claim the rewards periodically when the gas fees make sense right? that makes the token work hardest for us?

[astral zodiac]

wait doesn't the vesting period start when you lock it up?

[manic spindle]

Yes. You need to keep gas fees in mind, so when the stack of piled up rewards is big enough to justify gas for you, then you claim 🙂

[sterile grove]

got it! thank you. 🙂 looking forward to the release of the game.

[manic spindle]

For your deposit, yes (if you decide to lock). Not for the rewards you get from staking. Their vesting period starts at the time of claiming

[astral zodiac]

Oh wiild - I'm just seeing that

Great idea - another reason this project is pico

Not for the weak of heart

[manic spindle]

Yeah, this is not a quick cash grab. The team is at ~100+ exceptional contributors by now and the tokenomics are designed for longevity in a similar way.

[astral zodiac]

I love it - great work

Really benefitting from the snx lessons 👏🏽👏🏽👏🏽

[brisk surge]

Yessir

[silent spire]

I am really confused about this, if it is locked for 4 months, how can you take it out.

[candid plover]

You can take it out after 4 months.

If u lock for a year you can’t take it out for a year.

[brisk surge]

What kind of rewards we get while staking?

[wraith heart]

In the tokenomics medium article it states that the predominant in game currency is ETH but then it also talks about using sILV....would someone be able to clarify?

[silent spire]

Got it, I just did stake flexible ILV/ETH. It +300%. Should I have done ILV only, it was only +100%?

[candid plover]

When you stake ILV you can claim reward as ILV or sILV. Ilv rewards are Locked for 1 year. sILV is not locked and can be used to purchase things in game. The main currency in game tho is ETH

[brisk surge]

Thanks. And I must stake 12 months?

[wraith heart]

Yes thanks I understand that but can eth and sILV purchase the same things? Or do they operate differently much like SLP and AXS?

[candid plover]

No. You can stake without being locked but if you lock your token you get a higher yield in rewards up to 2x if you do 1 year

[white badge]

How can I stake my ILV from my Coinbase Wallet? Is it possible? have googled and everything but cannot find anything? Do i have to transfer ILV to metamask to be able to stake them?

[brisk surge]

Send ETH from coinbase wallet -> metamask wallet, then, use sushi to swap eth for ILV

[candid plover]

You can use sILV for basic in-game items. Trading on the marketplace like buying someone else’s illuvial will take ETH. You can use ETH for anything in game tho.

[brisk surge]

I understan. Thanks for the info👌

[brisk surge]

It is not yet clear what will be used sILV

But eth can be used to do everything sILV does

[manic spindle]

ETH = can be used for anything in the game
sILV = can be used for anything in the game EXCEPT marketplace trading

There MIGHT come pre-sales or something where sILV also can be used. No details yet though.

[wraith heart]

Ok Thanks guys! 👍

[brisk surge]

Always here to help

With what I can lmao

[white badge]

how long does it take to verif

to approve wallet?

have been waiting 10min now and its just spinning...

[idle acorn]

Gas is starting to rise today so the trx will be getting delayed as more pricey ones get taken by the miners

[full moat]

Is there a step-by-step guide on how to stake on sushi lp?

[manic spindle]

You take your ILV/ETH here: https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E
You provide a 50/50 ratio of both (in $)
You get SLP tokens back
You take those SLP tokens here: https://staking.illuvium.io/staking/core
You stake your SLP tokens in the Sushi LP pool with whatever locking period you want
You claim your rewards as ILV or sILV (whatever you prefer) whenever enough rewards have piled up for you to justify gas fees

If you never provided LP before though, make sure to understand IL: https://academy.binance.com/en/articles/impermanent-loss-explained

[final steppe]

👌

I say we pin that, @manic spindle. Are you cool with that?

[manic spindle]

Absolutely, there is one by @livid lark already though. Not sure if mine is more clear. I just typed it quickly 🙂

[final steppe]

Ah, true! Perhaps not necessary then. It's actually almost the same message LOL

Thanks for pointing that out 🙂

[full moat]

Thank you very much! 😄

[cunning perch]

No GIFs sorry haha 😄

[pine wraith]

lol

[sharp rover]

Hey guys, searched around and couldn’t find a concrete answer. If I claim sILV, is the ILV that I could’ve claimed burned forever from the ecosystem or will it go back into the 3m yield pool?

[ruby wing]

ILV will be burned 🙂

reducing the total token supply

[sharp rover]

👀👀👀 wow that’s awesome thanks!!

[ruby wing]

but your sILV will not compound but can be claimed right away

so if you claim sILV you will have to wait until someone makes a market for it, or use it in game.

[brisk surge]

i was just about to ask that thanks

[sharp rover]

I might be mixing some stuff up but I thought sILV claimed was converted into USD equivalent (that can only be spent on in game items) instead of there being a separate market.

[ruby wing]

Someone can create an sILV market, just hasnt happened yet

it is possible tho

[sharp rover]

Gotcha cool makes sense appreciate it

[ruby wing]

No worries mate

good luck staking

[vagrant pine]

Hi, was scrolling through the past conversations but I think I'm not too clear on this! After staking and locking in the token for X duration, say a year, can I only claim rewards of staking after 1 year ? Or staking only locks the token for a year and not the rewards, meaning that I will be able to claim rewards after a month and stake them as well?

[manic spindle]

You claim the rewards whenever you think there is enough to justify gas fees. Then they are locked themselves for 12 months and staked in the ILV pool. If you claim ILV at least. sILV would be available right away.

[copper dawn]

@vagrant pine from what I understand, you lock your staked tokens for X duration. As you accumulate rewards they have a one year vesting period. A vesting period is how long you must wait before you can touch the reward.

[next inlet]

I believe ILV rewards are locked for a year also, but not sILV

[vagrant pine]

Ahh! Thanks everyone!

[copper dawn]

Is there any issue with swapping ETH for ILV using a Ledger connected account in Metamask?

[manic spindle]

I use a Ledger connected with Metamask myself and have both swapped ILV on Sushi as well as staked and claimed.

No problems.

[fierce plinth]

So that I understand this correctly, the benefit to claiming (eventually) ILV as a reward versus sILV is that owning ILV tokens allows you to vote on representatives but also will generate passive income as the game makes money?

[manic spindle]

Yes, and during the first three years, staked ILV yield farm additional rewards of course.

[brisk surge]

you can only restake after your ILV has been held for 12 months?

and with the new weightof 2, in restaking it how would rewards work?

[manic spindle]

What do you want to re-stake? If you lock your deposit for 12 months, then it stays staked after unlocking and keeps the 2.0 weighting until you withdraw it. The same is true for claimed ILV rewards.

[brisk surge]

OOOHHH i see. you can stake ILV without locking it

locking it raises the weight

making the rewards greater

[manic spindle]

Correct

[brisk surge]

but i woudnt want to pull that out because its generating me more with the weight of 2

sounds good. thank you

[fierce plinth]

So the ILV I purchased is staked for 1 year fixed, I can claim ILV rewards at the end of that year, which will be vested for another year, but the original amount is free to restake for another year to generate more ILV as long as there is supply right?

Oh I just saw the explanation above. The ILV ALWAYS stays staked unless we remove it? That is wild.

[brisk surge]

if I dont claim my reward, what happens? it continues being staked? would i have to claim my rewards and re stake/lock it in?

[manic spindle]

No, you can claim at any time. Your rewards pile up with every block, so roughly every 15s. Whenever you deem the pile to be big enough to justify gas fees, then you claim that batch.

[manic spindle]

• You stake a certain amount of ILV and decide to lock it or not
• Rewards start piling up for you
• You claim those rewards whenever you want to because there is enough to justify gas fees
• If you claim sILV you have it unlocked right away
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a weight of 2.0
• New rewards start piling up....and so on

[brisk surge]

got it, thanks...again lmao

[copper dawn]

Thanks for the info @manic spindle

[fierce plinth]

Yeah appreciate your patience Stormi. The blockchain gaming thing is new to me. Hoping this one is good and takes off.

[manic spindle]

No problem. We're here to help 🙂

[frozen socket]

Which is better? Stake ILV or stake the SUSHI LP? And how do you stake the latter?

[ruby wing]

!yf

[woven ibex]

You can yield farm ILV in 2 main pools.

ILV/ETH at a 1:1 ratio USD values matched or ILV Only. 3 Million tokens will be distributed through yield farming over a 3 year period, with the first year being 1.8million tokens. Only unlocked tokens can yield farm which is less than 1 million tokens. Meaning, you get the maximum rewards possible. You can lock up your tokens for a maximum of 1 year which can increase your weight in the pool up to 2x. More details will be published before Yield Farming goes live near the end of May. Until then, here is more information: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be If you don't know what Yield Farming is you can start researching here: https://www.youtube.com/watch?v=ClnnLI1SClA

[ruby wing]

There is more risk in the Sushi LP

and you need 1:1 ETH/ILV going into the pool

there are also more gas fees

@trail verge

[brisk surge]

guess im doing both

[ruby wing]

see flexible and locked?

[trail verge]

is ILV stake no impernanet loss?

[ruby wing]

Yes, single asset stake has no Imperm loss

[trail verge]

and its flexible as well?

[next inlet]

I've locked my ILV for one year. Can I just set it and forget it, or do I have to actively claim the rewards?

[ruby wing]

you have a choice yes

[trail verge]

let me try

[brisk surge]

you claim rewards whenever you feel the gas price is worth claiming i believe

[junior estuary]

Any benefit between flexible and locked?

[ruby wing]

!yf

[woven ibex]

You can yield farm ILV in 2 main pools.

ILV/ETH at a 1:1 ratio USD values matched or ILV Only. 3 Million tokens will be distributed through yield farming over a 3 year period, with the first year being 1.8million tokens. Only unlocked tokens can yield farm which is less than 1 million tokens. Meaning, you get the maximum rewards possible. You can lock up your tokens for a maximum of 1 year which can increase your weight in the pool up to 2x. More details will be published before Yield Farming goes live near the end of May. Until then, here is more information: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be If you don't know what Yield Farming is you can start researching here: https://www.youtube.com/watch?v=ClnnLI1SClA

[upbeat spoke]

Hello! How can I know if my stake is successful or not? I got Dropped & Replaced status

[junior estuary]

Ah I see

[trail verge]

!yf

[woven ibex]

🚫 aragorn, you can't use that.

[trail verge]

cant see

the difference between flex and lock

[next inlet]

But I thought the rewards are compounded, errr

[brisk surge]

they do

https://discordapp.com/channels/760344898200666112/859866659011690537/870337930613375027 claimed ILV rewards get auto staked

[junior estuary]

Rewards are compounded automatically?

[next inlet]

They need to address this more clearly ...

[manic spindle]

If you lock your tokens then they give you more rewards while farming.

[brisk surge]

they're here for you to ask questions, the project is actually really well set up

[manic spindle]

You have to claim your rewards manually. If you claim ILV then those are locked for 12 months and automatically staked in the ILV pool with a weight of 2.0 for compounding

[ruby wing]

No you need to claim

[ruby wing]

We are here for any questions, I found everything pretty clear once I read it all

[junior estuary]

So rewards always get locked for 12 months no matter what

12 months from when you claimed

[ruby wing]

Unless you claim as sILV

:))

siLV doesnt compound but you get it right away and can use it in game

[final steppe]

⬆️

[trail verge]

what does sILV do if u claim it

[frozen socket]

To summarize, it is better to stake and stake and stake until game goes live

[brisk surge]

to the team - because the rewards from the ILV pool are smaller than the rewards from the LP pool - can you add an additional option to receive only the rewards from the LP pool - as in the attached photo - this is a proposal, probably many people would be pleased

[ruby wing]

Chill in your wallet waiting to be used in game 🙂

[ruby wing]

YES

[ruby wing]

If you claim LP rewards it claims both

just the way it works I think. Not sure if they can change it.

[trail verge]

will sILV have a monetary value and be tradeable on sushi

[ruby wing]

sILV will be 1:1 synthetic version of ILV

[frozen socket]

Where to get sushi LP?

[ruby wing]

there isnt a market for it at he moment

[ruby wing]

you need to provide liquidity to the Sushi pool

[trail verge]

provide lp on sushi

[ruby wing]

get SLP tokens

then stake those SLP tokens on hte Staking website

[final steppe]

Check out the Pinned Message 🙂

[frozen socket]

Its more confusing I gues..

[ruby wing]

please check out #🔗〕helpful-links and read some of the pinned

[trail verge]

what will sILV do in the game?

[sly vessel]

If I stake am I locked in for a year?

[ruby wing]

just more tx, if you want to do it we can help you figure it out.

Reccomend only doing LP with over 10 ILV

because of the high tx fees

[ruby wing]

you have a choice

can do 0-52 weeks, which impacts your weight

[sly vessel]

weight?

[brisk surge]

Yes, I know, but I want to receive rewards from the ILV pool only after I collect a few ilvs, now there is a large disproportion between the ilv increment from the ilv pool to the increment from the LP sushi pool

[sly vessel]

Sorry, new to staking

[ruby wing]

No worries haha

[upbeat spoke]

I got a Dropped & Replaced status on etherscan and upon checking the recent transaction the approve ILV spend is still loading
until now it's loading, is this normal? 🤔

[ruby wing]

its like at flexible you will get a 50% yield, if you lock for 12 months, you get 2X weight.

[manic spindle]

You can pay for ingame fees with sILV but not for marketplace trades. ETH is the main currency and can be used for everything.

[ruby wing]

Just give it a moment

[frozen socket]

I currently have a decimal value of ILV. Just to be basic and simple, I can stake that to the ILV pool and wait it out?

I cant risk my SLPs now. I'm in the process of returning my investment.

[ruby wing]

I wouldnt do SLP with that small amount

and I would wait to get more ILV to stake. Unless you just want to stake it for 12 months.

[sly vessel]

at 12 months there's no way to remove my tokens from the pool?

[ruby wing]

No

[potent flare]

and it says on sushi, we get 0.25% fees, where are they displayed? I do not see anything on sushi swap

[frozen socket]

Willing to stake for 12 months

[ruby wing]

Being worked on

you are still earning them

[potent flare]

ah i see ty

[half shard]

hello I'm so new here, and still confused with everything . I am trying to back-read most of your messages . but still confused .

[potent flare]

ask questions in general bud

we will asnwer them for u

[half shard]

thanks. just seems like the stake is what I'm confused at . will re-read general.

[manic spindle]

Welcome. You might wanna start with this

!crypto

[woven ibex]

New to crypto? You may need to KYC (Know Your Customer) with a centralized exchange to turn your fiat in crypto. Places like Kraken, Binance & Coinbase for example. Here are some recommendations from the community.
For American residents, Bitstamp, Gemini and Coinbase
For Canadian residents, Shakepay.
For Asian residnets, Gate.io or Binance

You will also need a Meta Mask wallet (which is free)
Setup guide: https://youtu.be/Sc8J98m6SZE . Also look into GAS / GWEI, as Eth transactions on the ETH network require a gas fee. You can use this historical data to get an idea on GWEI averages https://etherscan.io/gasTrackeristoricaldata
You should also really do your homework and study this further on your own if you're new to crypto.

Illuvium will never provide Financial advice and as always, Do Your Own Research.

[manic spindle]

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

[half shard]

thanks I already have my ILV token via metamask but didn't do sushi will check your link above.

[manic spindle]

If you already have ILV in your wallet and want to stake and do so in the single ILV pool, then you just need to go here: https://staking.illuvium.io/staking/core

[half shard]

so helpful . I'm still don't know if it's best to stake or not . still reading your link prior to this one .

[sly vessel]

If the blockchain gaming industry is just starting why do you think this will exist in a year? Surely better games will come out by then

[cunning perch]

pros for staking: 1. you get YF rewards. 2. you can choose to receive sILV and use it in game alongside ETH 3. you receive a share of Revenue.

[ruby wing]

This will be the first AAA game

in blockchain

[cunning perch]

they need to be AAA and will have to compete with ILV and need to have tokenomics set out as good or even better. not impossible, but I don't think anything will come close anytime soon

[quiet oasis]

Hi, i have claimed ILV from REWARDS and its end up locked 365 day, does it generate any staking power for me?

[cunning perch]

it gets compounded to your staked ILV and you'll be able to withdraw a year later

[final steppe]

@hybrid ferry Don't be nervous about staking! Check out this guide: https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac and also the pinned message for more info/steps. Let us know if you have any questions 🙂

[manic spindle]

Yes, claimed ILV as rewards are automatically locked for 12 months and staked in ILV pool with a weight of 2.0

[junior estuary]

how does the revenue share work? this is in the future im assuming?

[manic spindle]

100% of the entire revenue generated through sales or in-game fees is redistributed to staked token holders.

[hybrid ferry]

so I just bought 2.5 Iluviums, I think I'll stake 1.5 for an year and 1 on the flexible side... Am I wrong ?

[brisk surge]

Hmm

[manic spindle]

For more about the tokenomics, please read:
https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be
https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507

[cunning perch]

when the game starts and players spend ETH or sILV in game, based on your token weight you'll receive a part of it. the $ of RevDis is still unknown as the game is not out yet.

[junior estuary]

wow thats going to be massive if this game does well....

[final steppe]

This first game... and all of the future games this team develops 😉

[junior estuary]

that is a very interesting part of the equation

[brisk surge]

Loving the stack gains

[junior estuary]

wasnt sure about the staking yet due to rewards being locked for a year

but i do like the revenue share model

if your buying a large amount lets say 20k usd worth

is it better to do the silv pool

[cunning perch]

the locking prevents dumping. and RevDis (if staked) and YF rewards will lower your avg.

[cunning perch]

if you're ok with IL then you'll get more rewards.

[junior estuary]

yeah i guess if the price explodes you might get alot of IL

[cunning perch]

well. you got it 😛

[final steppe]

Definitely not "wrong" by any means! Each person will have a different plan.
I think this plan works if you want flexibility and think you may sell some of your ILV in the future.
Just remember, if you sell, you will not be receiving extra ILV from staking and you will receive less revenue distributions once the game goes live.

[paper parrot]

apy of 114%? jesus

[cunning perch]

it started from +300%

[paper parrot]

thats still insane

[cunning perch]

well what about ILV is not insane?

[paper parrot]

the fact that the game is not out because i want to play it? XD

[ruby wing]

Haha same here mate

[cunning perch]

be careful what you fish for 🙂 get ready to have your mind BLOWN then when it comes out

[paper parrot]

for sure

[bold bough]

so i can claim sILV, hunt creatures and then sell them instantly for ILV ?

[ruby wing]

ETH but yes!

you will sell into ETH I believe

use sILV to get shards and portals

[flat lintel]

Am I understanding this correctly? So if I stake 1 ILV for 1 year, I get a reward let's say for example an additional 1 ILV so that additional ILV cannot be claimed right away and is locked for another 1 year before I can claim it?

[cunning perch]

you have to claim it then it moves to the vesting section (locked for one year and compounded to your original stake)

[frozen socket]

Perhaps the question is when can you liquidate all your assets?

[cunning perch]

after all the YF rewards are distributed and all the one year lock ups are done

[flat lintel]

Ooh thanks that clears things up for me. Btw if I want to unstake all my staked ILV
including the original ILV, I have to sitll put them to vesting section?

[frozen socket]

Basically that is 2 years? For maximum?

[manic spindle]

Depends on when you withdraw. 12 months from the latest time you claimed rewards would be the time you have everything unlocked.

[cunning perch]

When you stake, you decide how long you stake them for and your deposited stake will stay locked as long as that time, but the claimed rewards will still be locked for a year

[frozen socket]

Daam that gas fee though. Just staked my ILV now.

[cunning perch]

welcome aboard bro 🙂

[frozen socket]

Its just decimals but I guess its worth the wait.. ;)

[half shard]

regarding stake may I ask what is gonna happen if I have confirmed my ILV the transaction with my metamask without choosing if flexible or locked? as I have already gotten my confirmation that my transaction is successful and my ILV is already out in my metamask , and I'm stuck with the screen of choosing flexible or locked but the balance I have is 0.0

[manic spindle]

Sounds like you staked either flexible or locked already

Try and check under "Vesting"

[half shard]

but I didn't choose yet . also my recent transactions in staking.illuvium website is still loading although if I check the status in etherscan it says success

I checked vesting the amount is there

[hidden epoch]

52 weeks lock is the hedge against toilet paper hands, thanks god I locked 😂

[manic spindle]

Then you did approve already and it is staked.

[half shard]

thank you again Stormi .

[bold bough]

what are the benifits of immuatblex when people keep swapping eth/ilv to make money ?

[thorn cedar]

Can someone explain the locked staking to me a bit further? Have some experience with staking protocols, but don’t entirely understand the locked staking mechanism here. Maybe if I use an example it will be more clear to get feedback.

1. if I stake 1 ILV under flexible is that locked for 1 year before I can withdraw the 1 ILV?
2. how about the rewards on the 1 ILV (I.e. let’s say it is staked for 1 year at 100%, so the reward is 1 additional ILV… when will that be redeemable)?
3. what do you have to do to claim the rewards?

I’ll preface this all by saying I’m not planning on being in this short term anyways, but want to fully understand the staking mechanism and nuances

[manic spindle]

0 Gas relates to all the ingame actions like travelling, marketplace trading etc. Imagine you would have to approve this every time with your wallet, pay gas to do it and wait for its execution.

[manic spindle]

• You stake a certain amount of ILV and decide to lock it or not (if locked, you get more rewards but cannot withdraw until the lock is over)
• Rewards start piling up for you
• You claim those rewards whenever you want to because there is enough to justify gas fees
• If you claim sILV you have it unlocked right away
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a weight of 2.0
• New rewards start piling up....and so on

[thorn cedar]

Super clear and fast response. Appreciate it bro!

[flat lintel]

What happens to the original ILV you staked after you locked it for 1 year? where does it go? can you withdraw that already unlike the rewards which are locked for another 1 year?

[manic spindle]

If you locked them, they remain staked and keep their bonus when unlocked until you withdraw them. If they weren't locked in the first place you can withdraw whenever.

[cunning perch]

it took you just one minute to type that fast? damn, you're fast

[manic spindle]

I got my own set of standard responses. Copy/paste, easy 🙂

[cunning perch]

haha 🙂 perfection....as you said. 👍

[brisk surge]

Hi. Is staking only works with ETH? Or directly with ILV possible?

[cunning perch]

you stake ILV. just that. you pay ETH for transactions and gas

[paper parrot]

if i Lock my ILV can i unlok it aswell?

[cunning perch]

depends on the period you locked it for.

[brisk surge]

I've tried to stake with ILV on Illuvium website but it accepts only ETH...

[paper parrot]

if i lock it for 52 weeks can i unlock it anytime i want?

[cunning perch]

staking.illuvium.io

did you do it there?

[paper parrot]

i haven't done it yet planning on doing it tonight

[cunning perch]

nope. it'll stay locked for exactly 52 weeks

[paper parrot]

i see

[cunning perch]

It'll give you rewards and in the future a share of the Revenue. By staking, you will always have ILV to claim, which will take another year to be able to withdraw it

https://staking.illuvium.io/ @brisk surge did you do it here?

[paper parrot]

ok so i also have to wait a year to withdraw the staking rewards?

[brisk surge]

Yes, but it shows only ETH

[cunning perch]

It shouldn't. the website only accepts ILV. ETH is the fee you pay for staking. doing it wrong maybe?

[cunning perch]

any claiming you do will release your reward and locks it one year after claiming 🙂

[paper parrot]

ok

[brisk surge]

I think not because it shows only ETH amount insted of ILV amount

[cunning perch]

send me a dm in private

[sly vessel]

how do I stake on the sushi lp? I have ILV in my wallet and sushi in my wallet

[cunning perch]

you need ETH and ILV to get SLP

[sly vessel]

but when it says amount I can't add anything

[sly vessel]

I have ETH as well

[cunning perch]

the exact amount in $

[sly vessel]

What?

Please speak clearly

[cunning perch]

like $500 worth of ILV and $500 worth of ETH

[sly vessel]

I can stake in ILV pool

[sly vessel]

Do they have to be exactly the same?

[cunning perch]

for the single asset token you just need ILV

[cunning perch]

yes

[manic spindle]

For LP:

• You take your ILV/ETH here: https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E
• You provide a 50/50 ratio of both (in $)
• You get SLP tokens back
• You take those SLP tokens here: https://staking.illuvium.io/staking/core
• You stake your SLP tokens in the Sushi LP pool with whatever locking period you want
• You claim your rewards as ILV or sILV (whatever you prefer) whenever enough rewards have piled up for you to justify gas fees

If you never provided LP before though, make sure to understand IL: https://academy.binance.com/en/articles/impermanent-loss-explained

[clever lance]

Is there Impermenant loss with sushi/ilv staking?

[manic spindle]

It is ETH/ILV on Sushi, but yes.

Providing liquidity comes with the risk of IL

[clever lance]

sorry yes eth/ilv

[cunning perch]

@manic spindle can you help @brisk surge in private? he can speak German

[manic spindle]

Sure @brisk surge just send a DM, english or german

or danish 😄

[cunning perch]

show off 🙂

[sly vessel]

Can the APY change over time? If I lock in at 630% I don't want to get shafted if they change it to like 30% tomorrow and I'm locked in

[cunning perch]

it def can 🙂

[sly vessel]

that's not a smiley face situation

[cunning perch]

ofc it is as we smile and answer.

[ruby wing]

#🔗〕helpful-links read the tokenomics and see the change in token release over time

[sly vessel]

fuck sake

[ruby wing]

nothing is permanent mate

cant give out 600% yield forever

[kind loom]

It's keeping up pretty well tho, so it won't be 30% tomorrow

[junior estuary]

is that true of the ilv staking as well?

[kind loom]

Both pools

[cunning perch]

APY depends on people staking and unstaking. the more people join the lower it goes

[gloomy gazelle]

They do not change it... what matters is how much value is locked in the pool and what your percentage of that pool is and how many ILV are being distributed each fortnight

[sly vessel]

So I don't get SLP tokens back immediately?

[ruby wing]

Also price increase pumps APY too right? I think it is relative to USD value?

[manic spindle]

You get SLP tokens immediately when providing liquidity on SushiSwap. And those you need to stake on ILV staking site then

[cunning perch]

it certainly didn't happen with XYZ. the price of ILV went up and the APY dropped

[junior estuary]

i mean just for the ilv staking not the sushi one

[ruby wing]

Ya but thats different, way less weight

[cunning perch]

ILV single pool will only go down for now as the rewards also move to it. so more tokens, the lower the APY. we started +300%

[sly vessel]

how much?

[iron vector]

When staking and doing the sushi lp, if the price of eth falls but I'll rises, someone told me some ilv is sold to save your losses. (Might be the other way around I'm not sure) but does that mean that you will still receive your 6x ilv or do you risk getting less

[sly vessel]

okay, thanks

[cunning perch]

that was the XYZ pool. different than single ILV pool. in the case of XYZ it dropped from 60% to 30%. for ILV it's a different story as you stake the same token and get the same token as rewards

[gloomy gazelle]

here are some of the numbers before the staking actually started paying out...while people were first starting to get ready for staking to start

[sly vessel]

it's an SLP airdrop i suppose

[sly vessel]

yeesh

[junior estuary]

god wish i was in earlier...lol

[gloomy gazelle]

lol but the numbers are not real because that was pre open. Just the warm up while people were staking for the very first time

[cunning perch]

rn is reality. it'll slowly go down. then it was not real as we were not live

[gloomy gazelle]

yeah it just goes down slowly

[sly vessel]

do I get an SLP aidrop once I confirm the sushiswap pool?

[gloomy gazelle]

its like a swap you get it right away yeah

SLP token address needs to be added if you want to see it in wallet... check pins

[sly vessel]

used to telegram, where would I find pins?

[gloomy gazelle]

or just go to the illuvium staking site and it'll read it and then stake it

top right

[sly vessel]

found it

[iron vector]

When trying to stake it makes me add the matic network. Ive never really used this so do I switch and would it still let me have my eth on there?

[cunning perch]

if you're using MetaMask, make sure you're using the ETH mainnet, not others

[iron vector]

Got it. One more question, sorry if I'm asking a lot. But a 1 week lock says 325% apy. But does that mean after that week I can trade my ilv again? Do I get the 325 and then I can re-stake for another 325?

[manic spindle]

APY = Annual Percentage Yield

That is the return if it would stay exactly that for a full year. Staking less than a year obviously gives equally less in rewards 🙂

[iron vector]

Got it. And I don't need sushi swap for the normal ilv stake right

[cunning perch]

for normal staking in the single asset pool just use ILV website

[manic spindle]

Not if you already got ILV somehow

[iron vector]

Oh that's right. Need to get it from sushi

Appreciate the help fellas

[potent flare]

if i claim the slp reward, will the ilv reward claim too and vice versa?

[cunning perch]

#🥩〕staking message

[potent flare]

ive just read that, either im missing something or not understanding

[manic spindle]

Claiming LP rewards will claim both pools. Claiming ILV pool rewards will only claim ILV pool rewards if I remember correctly.

[potent flare]

ah, ty

[sly vessel]

3 million dollars worth?

holy moly

[ruby wing]

WOW

[shrewd jewel]

we have some wales amongst us

[versed hare]

Hi im still confused on staking

If i stake on variable will i still compound?

[ruby wing]

Your rewards will compound when you claim

they compound at 2X weight for 12 month vesting period

[versed hare]

So not that valuable if not 12 months?

[ruby wing]

Not sure what you mean, the weight increases the yield 🙂

so for example if you dont lock at all, you will earn like 50% APY, but if you lock 12 months you will get 2X that APY.

[versed hare]

Apy stands for?

Average per year?

[ruby wing]

Annual Percent Yield

[elfin wren]

Quick question, does your rewards compound while unclaimed, or does that only start when they are claimed?

[ruby wing]

Check pinned, but to have rewards compound you need to claim

so we reccomend only claiming when your balance > gas fees by a large margin to make it worth it

[versed hare]

So that means if i stake 5ilv for a month then 5x50%(for example)x30/365

Then i deduct gas fees after

[ruby wing]

5 ILV * 50% * (30/365) I think yes

but the 1 month will be a 4 week lock and will give u like a 1.04 multiplier

something like that, Id have to check again

[potent flare]

5 ILV gets u about 20$ per week in additional ILV at the current price. If, the ILV went up 10x, then that 20$ that u claimed becomes 200$ thta u can withdraw in a year

i think about the yield in that way

[ruby wing]

^^^

Good way to look at it

[potent flare]

the only thing bad about that way of looking at it

is that ILV will be up 20x

;p

[ruby wing]

Lol

[versed hare]

Haha

[ruby wing]

Lets hope!

[versed hare]

It wont be the same if i stake flexible and eventually not claim it for 12 months compared to locking it for 12 months?

[potent flare]

if you are not planing to claim for 12 months might as well lock it for 2x gains

[versed hare]

Just thinking cause you will never know if you need that liquidity

[potent flare]

yea, thats why i have some locked up for 12 months, some for 4 months, some for 2m, 2w etc

some unlocked

[ruby wing]

This is the smartest thing to do for some

[versed hare]

Oh must me nice to have a lot of ilv haha

Be**

[ruby wing]

^^ ya it depends how much you have

[potent flare]

well im assuming if you have 5 ILV you are not the poorest person out there

thats like 1k

so maybe uou will continue to invest

atleast 100$ a m

month

[versed hare]

Having major fomos on opportunities right now haha

[ruby wing]

Everyone is

[potent flare]

that never goes away

imagine if you had 5 eth

[versed hare]

always looking for the next big thing and you realize your still late in a way haha

[potent flare]

youd consider yourself pretty well off

well, ILV might and will surpass eth at current price

[versed hare]

5 eth is huge!

[potent flare]

ILV might reach 2k until the end of year

[versed hare]

I hope!!! That is a really good way at looking at things!

[potent flare]

so, something to look forward to

[ruby wing]

#💰〕token

🙂

[versed hare]

It is giving me hope and hype

Hahaha

[potent flare]

good 😛

[versed hare]

Sorry for jumping topics as they are interlinked haha

[paper parrot]

i don't think im gonna lock my illuvium because i want to use it to buy stuff in the game to get a good team

but i will stake it fosho

[ruby wing]

You can use sILV to buy shards and travel fees

[paper parrot]

i don't know what that is can you explain

[shrewd jewel]

Can someone explain to me how the TVL is calculated? For instance for the ILV only pool
Because currently it says a TVL of approx 90 million.
Which does not make sense to me

The reason I'm asking is because I'm playing around with setting up some stats for staking, so I am pulling all event data from the Smart Contract 0x25121EDDf746c884ddE4619b573A7B10714E2a36, which should be the core pool.
Looking at events here, I see that since Ethereum block 12736884 (That was when the staking started) there is APPROX the following numbers:

Staked: 494744 ILV
Unstaked: 222817 ILV
YieldClaimed: 28362 ILV

Which means currently (On Ethereum block 12922589) we have 271927 ILV staked, which with a price of around 204 dollars is 55473108, so approx 55.5m.

Am I missing some data, or am I missing something in regards to how the TVL(Total Value Locked) is calculated? Or is the amount parameter in the events a different currency than what I've assumed?

[brisk surge]

You can not use ilv to pay for things in game. You either use eth or sILV, you can get sILV by staking ilv

[shrewd jewel]

Or should I ask in ask-us-anything?

[brisk surge]

I'd say this is a good spot to ask but I'd suggest to also ask in there. I can't help you with that :'/

[shrewd jewel]

Will post it in both channels 🙂

[gloomy gazelle]

Oof please just post things in one channel.

This one is good

[shrewd jewel]

Alright, will remove from the other one

[gloomy gazelle]

The amount of yield claimed seems very low to me. But data doesn’t lie. Hmm

The yield that was distributed to rewards (but not technically all claimed I guess) is gonna be well over 100k now.

Each bar is 2 weeks

[shrewd jewel]

have in mind the data is only for single ilv pool

not for the pair pool

which has 0.8 of rewards

[gloomy gazelle]

Ah I see. That would add a lot of tokens

[shrewd jewel]

Ran the same script for the pair pool, gave the following values:

"core_pair": {
"CurrentlyStaked": "45597.2925401261494982",
"Staked": "96371.533772958511351256",
"Unstaked": "50774.241232832361853056",
"YieldClaimed": "140240.082666779832982979"
}

CurrentlyStaked = Staked - Unstaked

Have in mind, these are probably in SLP and not ILV

for the pair pool

Staked, Unstaked and CurrentlyStaked --> SLP
YieldClaimed --> ILV

Would be my guess for the amounts

And here everything should be ILV:

"core_single": {
"CurrentlyStaked": "271931.878715972827835695",
"Staked": "494791.313059098519192719",
"Unstaked": "222859.434343125691357024",
"YieldClaimed": "28372.975710862457879114"
}

[gloomy gazelle]

I’d say yield claimed is ILV for both. But maybe not

The numbers match my predictions for ilv claims

[shrewd jewel]

Same for me, but they don't match the TVL values on the site, which is why I got confused, it probably has something to do with the way the TVL is calculated on the site, but I am just curious. So if some developer from the team could shed some light on it, that'd be great

One thing it could be is that the TVL is calculated based on the weight perhaps, so each transaction amount needs to be multiplied by the weight to get the TVL displayed on the site

[hexed bough]

How did you get to 271927? Remember YieldClaimed also goes in to the pool

[dark cloud]

@ruby wing With ILV - I have my tokens setup for staking in my 1inch wallet. What should I do with my other ILV in my Bitmart account? Didn’t see a way to stake within Bitmart. I was going to convert over to USDT then grab more ETH to then transfer into my 1inch wallet but also didn’t want to risk losing a bunch through the process. Any help is appreciated

[shrewd jewel]

Ah, so it should be Staked - Unstaked + YieldClaimed -->

{
"core_pair": {
"CurrentlyStaked": "185837.375206905982481179",
"Staked": "96371.533772958511351256",
"Unstaked": "50774.241232832361853056",
"YieldClaimed": "140240.082666779832982979"
},
"core_single": {
"CurrentlyStaked": "300304.854426835285714809",
"Staked": "494791.313059098519192719",
"Unstaked": "222859.434343125691357024",
"YieldClaimed": "28372.975710862457879114"
}
}

Does that look more correct?

[shrewd jewel]

As for where I got it, I am summarizing all events for these 2 contracts:
pair pool: 0x8B4d8443a0229349A9892D4F7CbE89eF5f843F72
single pool: 0x25121EDDf746c884ddE4619b573A7B10714E2a36

[visual arch]

See you next year boyz

[tight venture]

Is APY based on a daily compound?

[gentle lily]

Hey guys ! I'm new here and i already love this project 💯 .
That's why i want to stake but i think i dont understand everything ... Can someone help me a bit plz ?🙏

[ruby wing]

hey! check out #791148036935516161 #🔗〕helpful-links and #🚰〕leaks

then let me know if you have other questions

[gentle lily]

Thank for answer me ! Dat was quick 😄
I checked that but still got some questions ... 😋

[ruby wing]

No worries, should be able to help

[gentle lily]

So, SUSHI LP = sILV right ? Its the token we can use in game ?

[ruby wing]

!yf

[woven ibex]

You can yield farm ILV in 2 main pools.

ILV/ETH at a 1:1 ratio USD values matched or ILV Only. 3 Million tokens will be distributed through yield farming over a 3 year period, with the first year being 1.8million tokens. Only unlocked tokens can yield farm which is less than 1 million tokens. Meaning, you get the maximum rewards possible. You can lock up your tokens for a maximum of 1 year which can increase your weight in the pool up to 2x. More details will be published before Yield Farming goes live near the end of May. Until then, here is more information: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be If you don't know what Yield Farming is you can start researching here: https://www.youtube.com/watch?v=ClnnLI1SClA

[ruby wing]

when you yield farm, you can claim either sILV or ILV

the sILV will not have a vesting period and can be used in game for shards and travel fees 🙂

you gain sILV rewards through both core pools LP(Sushi) and Staking

[full moat]

If I put $1k worth or ETH and ILV (total of $2k) in SLP pool to stake. Will the 600% APY be of $1k or $2k?

[gentle lily]

Ok nice i'll check out all those infos ! So, for example if i lock sushi LP for 12 weeks, i can use it and convert sILV in 12 weeks, and it gaves rewards during thoses weeks ? (im so sorry im a newbie)

[ruby wing]

Yep thats right

[full moat]

Ohh, so it's more like 300% APY compared to straight ILVs 120%

[ruby wing]

I guess you could look at it like that. You are still earning 600% tho if you lock 12 months currently

[full moat]

Thank you! I finally get it. I just need to learn more about this impertinent loss though. Feel stupid not being able to fully understand it.

[ruby wing]

It can be complicated dw

[gentle lily]

Thank you very much guy ! You'r the best ❤️

[ruby wing]

No worries

#🔗〕helpful-links medium 28 will help too

🙂

[regal osprey]

I think it’s based off the total value of the SLP: #🥩〕staking message

[ruby wing]

Thanks for linking this

[shrewd jewel]

Anyone know where to see the SLP token on coingecko?

[regal osprey]

I’m not sure coingecko has SLP tokens. You will be able to see it on Zapper or Zerion though, in the “Pool” section.

[hexed bough]

Check the poolTokenReserve method in the pool contract. That returns the total number of tokens in the pool

[shrewd jewel]

Yeah, I found out what I was missing in the calculations.. I forgot to include the YieldClaimed from the pair_pool in the single pool, so it makes sense now - thanks for the help

[tight venture]

Is the APY based on a daily compound?

[shrewd jewel]

Ah, I see - was looking for an open api to pull the price and create an overview of which addresses has the most dollar value in illuvium staking currently, wanted to avoid manually finding the price

[hexed bough]

You can see the price here https://etherscan.io/address/0x6a091a3406E0073C3CD6340122143009aDac0EDa

[gloomy gazelle]

welcome to the club

[abstract comet]

what's the reason the the SLP token APY (600%) is so much higher than the ILV pool (around 100%)?

[shrewd jewel]

his token value sums up to 25.26 mil

Finally sorted the list of all stakers in the core pools

[exotic igloo]

Nice!

Wonder where I sit

[gloomy gazelle]

The amount of ILV being distributed to each pool and the amount locked into each pool

Generally for every 1 ILV distributed to the ILV only pool 4 will be distributed to the SLP pool. But that is becuase SLP is for people providing liquidity in the ETH/ILV pool on Sushiswap. They are risking and currently suffering Impermanent Loss.

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

[shrewd jewel]

You could dm me your address and I could tell you, just added positions to all addresses, or I could just share the json file

[gloomy gazelle]

dude you know this community would love to check their status...

[shrewd jewel]

haha true

[gloomy gazelle]

such cool work

[shrewd jewel]

I mainly did it because of my own curiosity

No idea where to put it though

3797 addresses currently have something staked

in the core pools

[exotic igloo]

Im so smol

[abstract comet]

Right but the LP's on sushiswap also get a 0.25% fee from every transaction, so they're already being compensated (at least partially) for the Impermanent Loss. If sushiswap's data is correct, it looks like the APR on the LP fees is only about 50%. So maybe this SLP staking APR is to make up for that.

It's kind of funny how many layer upon layers there are in this whole farming ecosystem.

[gloomy gazelle]

in a txt file and upload it here

[shrewd jewel]

Will do it tomorrow, hopping into bed now

[gloomy gazelle]

good night

[kind loom]

So the number of holder we can see on DexTools is the unstaked ones?

And there is 3797 that are staked

So we should be close to 10k total?

[brisk surge]

anyone that can help me with connecting my metamask wallet to the illuvium website to stake?

[potent flare]

what is the problem with it?

u just press connect and it should do it

[brisk surge]

i press connect, then hit the scan button scan the barcode then the scanner just closes and nothing happens

[gloomy gazelle]

try the copy paste option under the scan code

or if you are using a MM on mobile definitlely use the in app browser

[brisk surge]

just got the browser now haha

thank you

[brisk surge]

i dont see anywhere that i can paste a code to connect to the site

[gloomy gazelle]

are you using the mobile app or the browser extension?

[brisk surge]

browser now

[gloomy gazelle]

ok let me check...

[brisk surge]

Why can't I get SLP tokens on sushiswap? Theres no button or anything

[gloomy gazelle]

!swap

[woven ibex]

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

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

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

[gloomy gazelle]

and go to the liquidity tab

add both ETH and ILV

[brisk surge]

So if I have .5 eth I should swap .25 worth to keep a 50/50 amount?

@gloomy gazelle

[gloomy gazelle]

well a bit little less to save for gas fees

[brisk surge]

thanks bro

love u

figured out how to connect it. you have to open the side panel while in the illuvium website, right click the 3 dots and click connected sites, then manually connect

[gloomy gazelle]

oh good... I could not remember how

sorry

glad it worked

[brisk surge]

no worries, but the website still hasnt registered im connected

[gloomy gazelle]

refresh or restart browser

[brisk surge]

ive probably asked this already but whats the difference between flash and core pools?

[gloomy gazelle]

flash are short term... only 2 weeks

[brisk surge]

oh i see

[gloomy gazelle]

core will be ongoing

!yf

[woven ibex]

You can yield farm ILV in 2 main pools.

ILV/ETH at a 1:1 ratio USD values matched or ILV Only. 3 Million tokens will be distributed through yield farming over a 3 year period, with the first year being 1.8million tokens. Only unlocked tokens can yield farm which is less than 1 million tokens. Meaning, you get the maximum rewards possible. You can lock up your tokens for a maximum of 1 year which can increase your weight in the pool up to 2x. More details will be published before Yield Farming goes live near the end of May. Until then, here is more information: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be If you don't know what Yield Farming is you can start researching here: https://www.youtube.com/watch?v=ClnnLI1SClA

[brisk surge]

yeah core it is. website is currently approving my wallet, wonder how long that will last

[gloomy gazelle]

what browser are you using?

[brisk surge]

chrome

[gloomy gazelle]

should be fine

[brisk surge]

officially staked in ILV and SLP 😎

[kind loom]

Congrats 🙌

[gloomy gazelle]

yeah buddy !

[stuck spoke]

https://tenor.com/view/high-five-apir-news-news-report-alright-gif-4874001

my gifs arent working ig. sad

[fair night]

goodmorning. i want to ask about staking. im a newbie. im trying to connect my metamask wallet to the illuvium staking but i can’t seem to connect it. what can i do?

[gloomy gazelle]

restart your browser may help

[tight venture]

How is APY calculated? Is it based on harvesting rewards and compounding them back into ILV?

[gloomy gazelle]

#🥩〕staking message

[fair night]

thank you i will try. im using my iphone to try to stake. does it also affect the staking proccess? @gloomy gazelle

[gloomy gazelle]

MM mobile app has a built in browser... use that

[gloomy gazelle]

I really don't know why it says APY because it doesn't factor in compounding. its APR really

check the message I linked

This is also relevant... the amount of ILV distributed during each 2 week bar goes down 3 percent every 2 weeks. We are in the middle of bar 2 I think

[shrewd ingot]

So our rewards will go down over time?

[kind loom]

Yes, but you will also have more ILV staked because of your rewards.

[celest mural]

was trying to stake ILV, i have enough Eth for the metamask transaction, but it fails. the thing is, the gasfee was deducted. do you guys have that instance too? ty

[exotic igloo]

Did you only approved?

You have a first transaction to approve, then you need to stake

[tight venture]

Does sILV earn rewards?

[kind loom]

No

[celest mural]

it is already approved, then as i try to stake and transact, it fails on metamask and deduct gasfees.

[exotic igloo]

Do you get a out of gas error

On etherscan?

Try doing the transaction and set a manual gas limit of 350 000 on metamask

It will work

[celest mural]

on ehterscan, it says out of gas, the thing is, i have enough eth on my metamask wallet.

[celest mural]

ill give this a try

[celest mural]

it worked! thanks a bunch!

[solar cedar]

yeah when it says contract out of gas, I think this means the inputted gas limit was too low.

[ripe lintel]

new here... I staked on platform. Is that all I need to do or do I need to drop my ETH address somewhere in here also?

[solar cedar]

I got it a couple times just sending USDC wallet to wallet the other day, which was weird.

[solar cedar]

to do for what ?

[ripe lintel]

🤷 .. nft drop?

[zealous oasis]

Hi everyone, i'm trying to stake a few ILV using the staking page, but always got an error, is staking working ? any advise ? thanks ...

[solar cedar]

There is an NFT drop linked to staking?

[celest mural]

failing on etherscan? try adjusting the gas limit manually to 350 000, it'll work.

[zealous oasis]

😱 wow, thanks, just too expensive for my few eths... but thanks 👍

[celest mural]

got mine failed 2x, gasfees deducted, man, that is still $50. lol

Rahlord saved us on that. 🙂

[kind loom]

Gas is a pain sometimes

[sweet abyss]

Hi, Does anyone know how long your staked tokens are locked up for? In the stake core pools?

[kind loom]

When you stake, you can choose to stay flexible or lock from 1 to 52 weeks. However, the rewards that you get from staking are locked 1 year.

[fair night]

goodmorning everyone! newbie here. im trying to staking using metamask. i have ethereum inside my metamask account but in the illuvium staking page it says the balance is zero. do i need to swap my ethereum to ilv first? or does it automatically convert ethereum to ilv when you try to stake

[brisk surge]

You have to swap it first

[zealous oasis]

same, lost 2 tx 🥲

[brisk surge]

Yes, you need to swap ETH to ILV using sushiswap

You'll then have ILV in your metamask and you can go to the staking page on the Illuvium website and begin staking

[exotic igloo]

Nice!

[sweet abyss]

So if I choose to stay flexible, and I only stake for lets say 2 weeks, my rewards will be given after 1 year? Even if I were to sell my ilv before then?

[carmine drum]

Your reward will be given immediately when you claim, but you just can withdraw it after 1 year.

[sweet abyss]

I see thank you, and the rewards are in the form of ILV?

[exotic igloo]

Yes

[sweet abyss]

Cool

[gloomy gazelle]

@ripe lintel not really… at this time. Just check #📣〕announcements for NFT drawings and when and what to do.

[ripe lintel]

guess I was thinking promo nft rewards

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

[gloomy gazelle]

Yeah I know there may be a chance for earning staking NFTs but it’s not happening now. Maybe later. Oh wait that big wasn’t mentioned in the tokenomics article. Lol

Welcome

[haughty estuary]

Hi guys good day! Claiming rewards adds it to vesting right? and it doesn't stack. So you would end up with a long list of vested rewards each with 12 month lock period? Am i assuming things correctly?

[gloomy gazelle]

Oh it does stack though.

[haughty estuary]

Oh nice, thanks for the clarification

[gloomy gazelle]

Well it compounds your apy

You still get a bunch of separate vested batches. But they are all earning more ILV

[haughty estuary]

Got it. Thanks 🙂

[copper dawn]

I pulled the trigger and swapped some ETH for ILV. Gonna be staking soon!

[brisk surge]

nice

[silent spire]

Hi guys, I am a beginner and staking for the first time. I just staked using ILV/ETH liquidity pool as it had 300% return. I understand that the liquidity pool has half ETH/ILV, so half will be subject to ETH price change and half will be subject to ILV price change when I withdraw from liquidity pool. However, ILV only has 57% return. Why one or the other?

[gloomy gazelle]

Providing liquidity on sushi helps the project. So the yield is higher. 4 tokens for every one to the ILV only pool

[gloomy gazelle]

Also the risk of impermanent loss.

[copper dawn]

if either coin increases enough it can cause impermanent loss. You can roughly calculate it here: https://dailydefi.org/tools/impermanent-loss-calculator/

[gloomy gazelle]

Which has been pretty high

[silent spire]

On it. Researching more on this.

[gloomy gazelle]

Sushi analytics has a tool linked on their page

https://app.sushi.com/swap?inputCurrency=ETH&outputCurrency=0x767fe9edc9e0df98e07454847909b5e959d7ca0e

You can see a nice IL chart and compare to what if would be if you had held only ILV. Or held eth and ilv and not provided liquidity.

It’s good stuff

Not sure where the proper link to the analytics page is. It’s somewhere… lol sorry

On my phone

[silent spire]

That's exactly I need. I want best options, staking ILV vs ILV/ETH. Then, I will do locked staking for some period of time.

I can't see chart

I will search for it, thank you.

[gloomy gazelle]

I’ve linked to it before in here. Maybe I can find it

[silent spire]

That would be awesome.

[gloomy gazelle]

A slightly powerful Tool to analyze IL and other LP data in eth/ilv SLP

https://www.sushi.com/earn/eth:0x6a091a3406e0073c3cd6340122143009adac0eda

Boom

[silent spire]

Awesome, thanks mate.

[gloomy gazelle]

Save that for later

[haughty estuary]

Is there a fixed way the rewards are calculated? if you stake 1 SLP how much ILV/sILV would you get per month?

[gloomy gazelle]

It’s not fixed.

#🥩〕staking message

This post has good info.

It’s all about percentages and token distribution.

If apy is 300% then that’s how much you’d get in a year at that rate. But your rewards actually accrue every block. So like ever 15 seconds.

This shows how many ILV are being distributed every 2 weeks.

[haughty estuary]

Got it, i'm ready to regularly put aside money for this game before all of this all blows up 😆. I'm really new to staking and i'm learning so much, thanks!!

[gloomy gazelle]

It’s exciting territory for sure

Best math I’ve done in years

[silent spire]

The chart shows -2.33USD for my staking in ILV/ETH pool vs HODLing ILV for yesterday. So, since the rewards are greater for ILV/ETH pool than ILV staking, this kind of offsets the negative?

[half shard]

I am also new to staking, and learning . And checked pelican22's link and all jargon to me haha. hope what I did last night was correct with staking.

[gloomy gazelle]

Exactly

[gloomy gazelle]

In it to win it

[silent spire]

Same mate, I staked 50% of all my crypto assets yesterday and now asking questions.

😄

[gloomy gazelle]

But did you lock it for 12 months to get 2x weight?

[half shard]

I am just new to crypto so all what am seeing are a puzzle to me

[gloomy gazelle]

Yo I get it.

[haughty estuary]

a quick read of the FAQ, Staking FAQ and Impermanent loss will help with some of the Jargon.

[gloomy gazelle]

I’ve just started in 2021 personally

Just got lucky to find this one. We all have guys.

[silent spire]

I was afraid, cz I didn't knew much. I was keeping eye on ILV for few weeks and it keep going up, it was FOMO decision. So, thought fexi was the good option. But, now, I will take out the stake and locked for 3mth/1year

[gloomy gazelle]

!define

[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.

[half shard]

how can I verify if it's 12 months lock? last night when I did try staking I didn't see the option and confirmed the transaction in my metamask .

[gloomy gazelle]

Hey be smart

[exotic igloo]

Go in the vesting page

You will see your deposit

If its locked and 2.0 weight your locked for 52 weeks

If you can withdraw you didnt lock

[half shard]

I have the option of withdraw can I still lock it then?

[exotic igloo]

You need to withdraw it and then stake it again under the locked option

You will pay gas to withdraw + claim and then stake again

[half shard]

thank you for the information . I don't know why it didn't prompt last night to lock

[half shard]

thanks . must have missed something last night. I think it's all set now .

[prime axle]

If I stake around 15AXS, how many ILV could I get?

[sharp rover]

$640 at %15 APY - staking open for 14 days I believe

[candid plover]

Not a lot IMO

Considering gas fees

[brittle wadi]

Every stake you have a 12 month ILV reward. That you can withdraw after 12months.

[valid kite]

Gas fees gonna kill me I swear

Can’t wait for ETH 2.0

[brittle wadi]

Every withdraw have a gas fee

[haughty gust]

what is the staking apy?

[valid kite]

Yeah ik, I am locked up so I don’t have to worry about it

The ILV is like 120% apy?? I think

[haughty gust]

120% wow

12months sir?

[valid kite]

The SLP is 560% apy as of 3 days ago

Not sure, I been travelling so I just glanced at it

Just go to their website

[haughty gust]

gotta link wallet before i could the staking page, no worries will figure it out. cheers

[valid kite]

Yeah it’s an easy process tho

As long as you have a wallet

[haughty gust]

aight sir, thanks! :>

[gloomy gazelle]

The APY is variable it will go down but it’s still really high. And it will still be better than most anywhere else.

[jaunty cairn]

went to swap ETH to ILV and add more to my stake job and it was tryna charge me 110 for gas LOL

[ruby wing]

Damn

thats a hard pass lol

[uneven kayak]

How long do you guys think a high APY like this could last once the hype really picks up? Trying to figure out if I might be able to make back my deposit in the LP with rewards before it goes down lower

[gloomy gazelle]

well the single asset APY is dropping more and more as the claimed ILV is getting put in there

the SLP will fare much better since it will maintain a looping effect. if you stake SLP its not really off the market

its actually for sale

like someone is probalby out there buying some of my ILV right now and gonna provide liquidity with it and stake their SLP tokens too. It's a wild system. And that is why IL is a thing

[prisma juniper]

Can you re-stake your SLP token once the initial lock period is over?

sorry, not sure if token is even the right term

[ruby wing]

I believe they will remain staked until you withdraw them

[prisma juniper]

Ahh, thanks. I staked in the ILV/ETH pool for 1yr but just curious if I can restake SLP once the 1yr is up

[ruby wing]

its a good question, im sure that more info will come out

[prisma juniper]

Thanks!

[gloomy gazelle]

actually it stays in with its current weight of 2x until you remove it

[prisma juniper]

Ahhh, thanks! Good to know

[gloomy gazelle]

yeah its pretty sweet

yeah the only reason to withdraw would be to lock in for higher weight. And theres nothing higher than 2x from the 12month lock

[prisma juniper]

Yeaah I have one staked until Feb and I was thinking of re-staking it, as at this point the ILV/ETH pool is the fasting way I can get more ILV as I came in late

[gloomy gazelle]

there's so much of it being distributed to the SLP pool

[modern comet]

does anyone know, when will 3 years end? when did it start and when did it end 3 years?

[prisma juniper]

yeaah i should have gone all in, i dont expect to get anything out of the SLP token itself, just want the rewards haha

[gloomy gazelle]

my brother wants to hold ETH... I'm trying to think of a way to convince him to go into the SLP pool and he can keep all the SLP stuff when he decides to pull and Ill keep the ILV rewards... lol

[prisma juniper]

ahahaha. Yeah, I only have a bit of resources staked but the rewards are so good. It's also the only way that I have a chance of keeping up as token price is rising

[junior shuttle]

it will be a tough to keep that deal once he sees ilv at $2k+ 🤣

[gloomy gazelle]

yeah but he wants to stake ETH on coinbase...

[junior shuttle]

dont you need eth 2.0 for that?

[gloomy gazelle]

doesnt want a defi wallet

too much work

[junior shuttle]

oh

nvm

he doing the cb wallet

[gloomy gazelle]

oh maybe he does need eth 2.0

not really sure what he is planning

[junior shuttle]

yeah if its on coinbase, the 5% yield, it is eth 2.0

[half shard]

Am I missing something? I have only used Metamask and stake my ILV , and am reading are talking about the SLP stuff .

[junior shuttle]

@half shard different pool

slp is the token you get from sushi swap when you add liquidity to the eth/ilv pool

and that is what you would stake into the other pool

so ILV pool and SLP pool

more risk with the SLP pool

[half shard]

thanks thanks.

[junior shuttle]

read up on impermanent loss

[half shard]

I will search this .

[modern comet]

oke thanks bro

[potent oasis]

is there a way to claim only sushi lp rewards ? every time i click claim i have to claim both pools

[gloomy gazelle]

This is the only way

This explains why #🥩〕staking message

[potent oasis]

ok thanks

[barren tusk]

@onyx isle over here

[full lagoon]

In SLP pool, the APY applies on rewards that you get? Or is on the increase on the value of your stake? I noticed that my rewards are increasing on a consistent manner and my SLP stake is fluctuating every now and then

[gloomy gazelle]

The ILV rewards you are accruing are based on your apy.

The apy goes up and down because your SLP token price fluctuates while ILV is currently pumping much harder than eth

and all your rewards are in ILV

So cool thanks

[shrewd jewel]

The addresses that have dollar value 0.0 are addresses that were staked at some point, but have pulled out 🙂

And these are only the core pools, not flash pools

[manic spindle]

Damn. I'm higher than I though 😄 Great work

[ruby wing]

holy

[manic spindle]

10x still incoming 😄

[ruby wing]

I am a shrimp. Top 550 staked tho

[shrewd jewel]

same

[gloomy gazelle]

I got in under top 500. Happy there. But not mostly in SLP so I’ll be losing positions over time

Still happy though.

[tight venture]

Think of impermanent loss as opportunity loss. Look up impermanent loss calculators a play around with it. I think the yield is high enough right now to justify the ilv/eth staking.

[shrewd jewel]

It's public data on the blockchain?

Did you just delete my reasoning? 😅

Whut? No part of it is dox --->

Doxing or doxxing is the act of publicly revealing previously private personal information about an individual or organization, usually through the Internet

It's public information

Several mods saw it before you, no red flags were raised

[ruby wing]

@livid lark I think there was a mixup. Lets all chill, I dont think he meant anything malicious

[shrewd jewel]

Wow, that is some ultimatum.
Currently I am just talking with you and not breaking any rules?
But damn, won't mention you again, seems dangerous

[ruby wing]

Apologies that Stormi, Pelican and I missed this.

[shrewd jewel]

If anyone is interested in knowing their position staking wise, DM me and I will let you know.

[shrewd jewel]

I'm not responding to this anymore, don't want to get hit with a ban hammer for having a discussion

[tight venture]

Let's all chill

[shrewd jewel]

It's all good, I noticed a lot of people were asking for it, which is why I posted it, shouldn't have.

[ruby wing]

Put you in a bad spot, not your fault at all. @livid lark I take some blame for this

Apologies

[manic spindle]

There is no need to apologize here, Wade. That topic can be looked at from different angles. If Ami wants to enforce it, I'm not going to argue it, but you have done nothing wrong in particular by not doing the same.

[shrewd ingot]

When I claim my rewards, for each time I claim them will I have to make a separate transaction + gas cost after they finish vesting?

[ruby wing]

Ya not apologizing for being curious, more so just for putting him in the position.

[ruby wing]

Yes as of now that is how it will work

[shrewd jewel]

and @livid lark I have no malicious intent whatsoever, I was just surprised, which is why I started arguing

[manic spindle]

Right now, yes. We still hope there will be a kind of bundle transaction option in the future but for now there is no guarantee for that. Every batch you claim has to be withdrawn individually. This is the status quo 🙂

[shrewd jewel]

Had no idea this was the case, will remember this in the future

[tight venture]

"price will moon"

[shrewd ingot]

Ok thanks, so I should only claim rewards after it’s significantly higher than the gas cost?

[tight venture]

Exaaaaactly

[manic spindle]

You should always claim when you deem the pile of rewards to be big enough to justify gas fees, yes. Only you can decide when that is for you 🙂

[shrewd jewel]

Alright, had you mentioned the accessibility initially, I wouldn't have started arguing 🙂

My thought was "No one can figure out who it is based on these addresses"

[shrewd ingot]

Ok, that’s probably going to be a while then because as of now my rewards aren’t very large 😅

[tight venture]

Cheers

[manic spindle]

As long as what you get in the long run is more than what you paid in gas, then you got free money 🙂

[jagged spindle]

If I staked some and then wanted to stake more how do I do another pool?

Or add more to it?

It keeps telling me to redeem my rewards but I keep getting charged $9 and nothing seems to happen.

[bold bough]

is 1 sILV backed by 1 ILV

[manic spindle]

When staking new ILV you need to claim whatever rewards you have piled up so far. That is correct and necessary. It is still only one transaction though. You just go to the pool you want to stake in, start staking process and claim the rewards during that staking action.

[potent flare]

they are the same value, yes

[jagged spindle]

@manic spindle yeah I just 5 times by the time it loads

I have new rewards

I’ve literally spent $40 already

Trying to do this

[manic spindle]

The value of sILV is meant to be pegged to ILV. But they are not "backed" per se, because claiming sILV means that the same amount of ILV never gets minted in the first place. It reduces the max supply of 10m ILV by said amount.

[manic spindle]

You shouldn't go on rewards and claim your rewards there manually. That just claims them and new pile up even if only microscopically in amount. You need to claim them WHILE staking the new ILV. Just go on the core pool you want to stake in, click stake, decide upon locking period, click next and follow through from there.

[jagged spindle]

I seriously just did that

It gave me an error and still charged me lmao

Literally this shit so glitchy

Tells me error but then it actually goes through

Never though I’d waste $40 like that

Amazing.

Thought*

[potent flare]

maybe something wrong with gas settings?

happened to me a few times as well

one time because i was pushing it with my gas amount, the other time no idea

[manic spindle]

@hexed bough can you say something to @jagged spindle issues?

[bold bough]

240 tomorrow

[jagged spindle]

It worked finally but I wasted 40&

For nothing

[stuck spoke]

lezgooooo
stake mooooooooore

[vivid tusk]

300 is coming

[queen horizon]

carzy

[bold viper]

!gas

[knotty river]

Voidster

:fuelpump: Current gas prices

Slow :turtle: | **>10 minutes**

14 Gwei

Average :person_walking: | **3 minutes**

23 Gwei

Fast :zap: | **15 seconds**

25 Gwei

Fetched from etherscan Use !help to get the list of commands

[brisk surge]

!gas

[knotty river]

Snoop Chicken

:fuelpump: Current gas prices

Slow :turtle: | **>10 minutes**

14 Gwei

Average :person_walking: | **3 minutes**

26 Gwei

Fast :zap: | **15 seconds**

30 Gwei

Fetched from etherscan Use !help to get the list of commands

[agile basin]

Hey all, how do i stake in the Sushi LP Pool, what assets are needed?

[manic spindle]

• You take your ILV/ETH here: https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E
• You provide a 50/50 ratio of both (in $)
• You get SLP tokens back
• You take those SLP tokens here: https://staking.illuvium.io/staking/core
• You stake your SLP tokens in the Sushi LP pool with whatever locking period you want
• You claim your rewards as ILV or sILV (whatever you prefer) whenever enough rewards have piled up for you to justify gas fees

If you never provided LP before though, make sure to understand IL: https://academy.binance.com/en/articles/impermanent-loss-explained

[agile basin]

thankyou Stormi, i have been reading up on LP but thanks for the heads up.

[cunning perch]

@viscid venture when you claim rewards, doesn't matter when, they will be moved to the vesting section on the website and stay locked for one year. meanwhile they all to your token weight and generate more rewards for you. Now, if you decide to claim sILV, you can use it immediately in game.

[viscid venture]

Silv won’t be as much as ilv tho yeah?

[cunning perch]

it has the same value as ILV. sILV is ILV, but used only in game

[viscid venture]

Ah so you can’t send into a defi wallet and use to stake for more

[cunning perch]

sILV is not used for anything but game purchases.

[viscid venture]

What about ilv in the year of vesting will it still go up in price with the market?

So silv is in game only and ilv you can use to turn to eth or even stake more ilv to gain real life money?

[cunning perch]

ILV is the governanve token that goes up/down with the market and its own market. you can sell it, swap it or stake it

[viscid venture]

Sweet. Very profitable coin then

[cunning perch]

It is. and wait till you see the RevDis. Besides, you need to be staked to receive rewards (in either ILV and/or sILV) and RevDis.

[viscid venture]

I’ll end up staking more ilv and silv to keep profit coming in

[cunning perch]

know that you cannot stake or change sILV. once u claim it, u can only use it in game

[viscid venture]

I’ll keep that in mind

I’ll keep staking ilv then, and use silv to grind creatures to evolve

Also with the evolution does your illuvial go up in price?

Or a rare variant of a illuvial?

[obsidian dawn]

So if i claim Silv that would be instant?

[cunning perch]

the more rare the Illuvial, the higher it'll be worth.

[viscid venture]

And you would sell that in ilv or etherium on immutable X?

[cunning perch]

yes. sILV is instant release, but has no use case for now.

[obsidian dawn]

But it will have after release am i right?

[cunning perch]

the currency for the market place is ONLY ETH

[obsidian dawn]

So if i say stake 10 ilv now flexibly, then unstake for silv at release, i will be able to spend it and earn ingame right?

[cunning perch]

ofc. It'll be used alongside ETH as the in-game currency until the YF is done

[viscid venture]

Sweet I’ll grind out for silv first then get as much creatures as I can and sell for eth 😂

Turn that eth to ilv and I’ll be laughing