🥩〕staking

[ruby wing]

you pay gas when you claim rewards too

[versed hare]

I only have a few so i can only lock once i think. Hc

That will be a while anyways

[ruby wing]

So lets say you have 5-10 ILV it migh only be worth it to claim monthly

[versed hare]

Hmmm i was not thinking that frequent. I was just thinking of the key dates like the December release.

[ruby wing]

Ya good idea

[versed hare]

So maybe stake until end of nov.

[ruby wing]

Some people did before or after ya

[oak peak]

That’s why the apy is so high. No one bullish is LPing?

[ruby wing]

Impermanent losers rip

[brisk surge]

I'm super bullish and LP'ing

but also in the single pool

[oak peak]

Why LP when bullish?

[prisma juniper]

LP team here

[sonic wolf]

i only put 20% in LP pool

still rewards from that is higher then 80% in single pool

[brisk surge]

Because in 2 months time, you can farm back all of the ILV you put into the pool, so even if you were to lose all of it, you're regaining it passively.

[sonic wolf]

but single pool catching up because of the claimed rewards

[sonic wolf]

much faster then that

[oak peak]

That’s a very good point. The apy beats the IL

[brisk surge]

yes im being conservative w estimates

[sonic wolf]

i re-couped all IL losses in 1 week

[oak peak]

Catching up meaning? The compounding effect of staking solo ILV?

[sonic wolf]

meaning my ILV income per hour in single pool is getting closer to fee in double pool

[oak peak]

Ah because the claim rewards from double is staked and vested too

[sonic wolf]

due to claimed rewards that give out 2,0 multiplier

still lost 1200 ilv out of 2000

in double pool

it was converted to ETH at different price points, going from 80$ to 240$

[sonic wolf]

#'s for convenience's sake, i staked less then that

[brisk surge]

Ending up with more ETH is a good problem to have. ILV performance is insane obviously so that's why I'm holding ILV separately in the core pool as well. but idk maybe im too diversified and should have just full aped into ILV

[manic spindle]

I still don't see how the 600%+ LP APY won't outperform the single ILV Pool (which is close to two digits in APY now) easily within 2-3-4 months even if you would lose every single of your initial ILV stake but I might be overlooking something.

And I say this as someone who is 100% in Single Pool atm

12 months locked

[stoic ridge]

I’ll take gains in eth. Plus the thing you’re also missing being in pool 1 is the sweet apy you get on your eth.. where else can I get that?

Just extra capital of mine getting a higher yield

[sonic wolf]

its psychological thing, i rather gain ILV without loosing it vs gain more ILV but loose some as well

[brisk surge]

That was my thoughts as well, I'm already hodling ETH so might as well put it to work

[sonic wolf]

plus double pools are nightmare to report to IRS

bottom line is dont stake in double pool, let me take the risk for you and provide liquidity and suffer instead of you

[brisk surge]

I will suffer alongside you

[sonic wolf]

[brisk surge]

I'm a tax noob so I hope I don't get rekt. I don't mind paying what I owe but I don't want to mess up and have the IRS give me the banhammer irl

[manic spindle]

Yeah, that I understand. But with 600% and 100% isn't it almost guaranteed that in just a short amount of time you'll have more ILV AND all that ETH on top?

[brisk surge]

LP is better - already made 100% of ILV back staking from the beginning - that 100% is now farming at 2x weight in single staking

lp with the lock was easily the best decision if you are in it for the long run

[manic spindle]

Yeah, I figured. Went the safe way, kinda regretting it in hindsight but heck - you always know better afterwards

[brisk surge]

single stakers will get continuously diluted down and LP stakers with lock will get bigger and bigger share of the single staking pool

[brisk surge]

still good - ILV price appreciation makes up for it

[final steppe]

I’m there with you 🙂

[manic spindle]

I would have taken more risk under other circumstances. I had a decent stack when staking began and said to myself that reaching numbers like $1.000+ probably would be enough for me to be free of financial worries for a long time or even forever (depending on RevDis and what I would do with the value of it). So I did't have the balls to bet on higher risk IL since I had 0 experience with it.

[cloud tiger]

question: how do i unstake my AXS?

why no unstake button

[main hedge]

because when you stake, you stake for a specific amount of time

[final steppe]

Yeahhhh, and I was definitely “worried” I’d miss out on too much if I wasn’t locked in prior to rewards accumulating. Really… just too damn excited at the time. I could have left it unlocked for just a few days and I think the realization about LP would’ve hit me after hanging around chat

[final steppe]

Check your Vesting tab 🙂

[cloud tiger]

ah! thanks

[manic spindle]

Yeah, should have kept it unlocked for a while as well. But hey, you gotta start learning at some point. Betting hard on ILV and going ILV 12 months locked might not have been the most optimal decision but it certainly was a damn good one still 😄

[brisk surge]

Can we go back to fudding impermanent loss please? 🙃

[final steppe]

Oh right! Impermanent Losers— I’ve still got all of my initial stake

[mint cave]

"impermanent LOSERS"

[glacial marten]

IL is too dangerous. Stay with the single sided pools

[ruby wing]

...

https://tenor.com/view/you-just-gonna-have-to-wait-to-find-out-fiona-frills-do-you-want-to-know-stick-to-us-stay-with-me-to-find-out-be-with-me-and-youll-find-out-gif-20942100

[white leaf]

hello guys, to know how can i get sILV (i saw i can get it via reward stake) ?

[ruby wing]

Yes sILV can be gained during staking in either pool

!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

[white leaf]

ok thanks for the precision just wanted to be sure about that

[ruby wing]

Yup. I reccomend claiming sILV closer to game launch or once we know more about the mystery and land sale

[white leaf]

i just put some ILV on stake for 16 weeks (to unlock it before december) so its ok i think, did i need a minimum to claim? 🤔

[ruby wing]

No minimum just claim when you get >gas

I claim when I have 5-10 ILV built up

and when gas is 10 GWEI or lower

[white leaf]

okok anyway i'll wait before december x)

[ruby wing]

You only compound when u claim

[white leaf]

🤔

[ruby wing]

and sILV doesnt compound

so lets say I claim 5 ILV, it compounds in the single asset pool at 2X

for 12 months

[white leaf]

so its better to let them stay on stake and i just claim sILV so ?

its on this page where i get sILV ? 🤔

[manic spindle]

That's where you can decided between either ILV or sILV yeah

[white leaf]

ok so i had to go on this page to claim my sILV when the time come that's it?

(when i talking about the time its before the game launch)

[manic spindle]

If you plan on claiming sILV only then you can wait until that point in time where you can actually start using it for something and claim then, yes.

[white leaf]

because actually i can use sILV for something else? 🤔

[manic spindle]

Maybe sILV can be used for some pre-sales but not sure yet. If not, it can only be used at launch, yes.

[charred rampart]

hello everyone. is there a link that explains the sushi liquidity pool?

so far. ive been able to use the sushi exchange, and currently own ilv.

[manic spindle]

To provide 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

[charred rampart]

and the rate of reward depends on the size of the pool, correct?

[manic spindle]

Yes, the APY determines rewards but obviously the size of your stack as well 🙂

[charred rampart]

sure. im curious about the apy.

the current apy of 651% is determined from the current size of the liquidity pools?

if that is correct, how does agreeing to longer lockup periods yield greater results?

[manic spindle]

You only get 651% at full weighting of 2.0 with a 12months lock.

Less otherwise

[charred rampart]

i see

is there a place to see the statistcs on current lockup periods. something that would say here we have this percentage of people locking in at this period, and this other percentage of people locking in at this period, and so on.

[manic spindle]

It might be somehow possible to gather this from the blockchain, but there is no easy overview to my knowledge, no.

[regal marten]

this might be possible using dune analytics, but i'm not capable 😅

would love stats on this as well

[charred rampart]

that third variable is confusing. receiving an slp token. and then the slp token yields a ILV or sILV token

[merry ridge]

I already put in ILV/ETH to sushi what do I do next? How do I get the rewards from Sushi?

[charred rampart]

look above @merry ridge

[brisk surge]

When you stake your SLP tokens you'll start generating ILV rewards. You can claim as either ILV or sILV

[terse valve]

you stake that LP token in the illivium dashboard'

[manic spindle]

#🥩〕staking message

[merry ridge]

So I have wait for it to generate slp?

[charred rampart]

what is an sILV token?

[merry ridge]

before I can start staking it?

[exotic igloo]

No you instantly get SLP token

You stake it

[terse valve]

after you added your liquidity on sushi you should have gotten an LP token, if you go to the illivium dashboard u will be able to stake that token

[manic spindle]

If you put ILV/ETH into LP on Sushi already you should have SLP Tokens now. Stake those on the ILV site

[merry ridge]

Where do I find that?

[terse valve]

its going to be used as the in game currency for the game

[exotic igloo]

Read what he wrote

Its all there

[lethal drift]

should I hold only my ILV token and use if the game released. without staking

[exotic igloo]

ILV is not used in game

[terse valve]

only sILV for in game

[merry ridge]

sorry I am new at sushi LP

[exotic igloo]

!ILV

[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

[merry ridge]

should I add a wallet address to Metamask?

[exotic igloo]

check pinned

all contracts are there

to add the token to your metamask

[lethal drift]

ok thank you.so i need to staked to get sILv reward

[exotic igloo]

Yes

[charred rampart]

how can apy's be defined at different lockup periods if they're dependent on market prices of each asset AND the size of the liquidity pools?

[lethal drift]

how about ETH only we can use it also in game.

[merry ridge]

0x6a091a3406e0073c3cd6340122143009adac0eda <---- how do I add this wallet address? is it under custom?

[exotic igloo]

APY are changing every block

[terse valve]

my strategy right now is to stake my LP tokens and claim ILV as those claimed ILV will generate more. Once the game comes out then ill start claiming some sILV to have an advantage in game

[exotic igloo]

They are USD based

But the amount of token you get is basically always lower over time

[terse valve]

yeah because of dilution

[charred rampart]

okay that makes sense

[merry ridge]

Should it look like this?

[keen crest]

With game rev (when it starts), what currency will it be paid in, eth?

[exotic igloo]

Yes

[merry ridge]

Alright I already added the address it looks like this.

Is this correct?

[exotic igloo]

Well looks like you didnt add liquidity to the pool

[merry ridge]

I add it first before I added this address

[exotic igloo]

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

you added liquidity on that pair?

Or only approved your currencies?

[merry ridge]

Yes I added it there

[exotic igloo]

Go to Illuvium staking and check if you can stake

You probably didnt add liquidity

Otherwise you would have SLP tokens

[merry ridge]

It doesnt show up

[exotic igloo]

You didnt add liquidity

Or it is still pending

[charred rampart]

you're a saint rahlord haha

[manic spindle]

Maybe only approved contract but didn't actually provide liquidity?

[merry ridge]

it shows up like this

[charred rampart]

thats just a swap

[exotic igloo]

You didnt add liquidity

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

click on that

And add liquidity

[brisk surge]

To add liquidity you go over to the right tab on sushiswap "liquidity" and then you need to put in your ILV with an equal amount of ETH (in usd terms) to recieve your SLP token amount

[merry ridge]

Thank you for guiding me.

[charred rampart]

what kind of time periods are you fellas currently staking at?

[brisk surge]

Then you send your SLP to the LP pool on the illuvium website

[charred rampart]

fellas/ladies

[exotic igloo]

52 weeks

i'm in for life

[ruby wing]

https://tenor.com/view/this-is-the-way-mandalorian-this-is-the-way-intensifies-gif-16048235

[charred rampart]

interesting.

[ruby wing]

6.5 months and 12 months for most of mine

20/80% split

[merry ridge]

Wow so much fees

[exotic igloo]

Yes gas is not low

[charred rampart]

why not several say 6 week blocks. to have some room to manuever with volatility?

[exotic igloo]

Cause then you don't get maximum returns

I don't plan on ever selling my capital

Why caring about price?

You have to see beyond that

[charred rampart]

hmm. thats a lot of confidence.

[exotic igloo]

Amount of token > realized gains

[merry ridge]

I dont mind the fees right now

[exotic igloo]

Cause RevDis will be the most important source of income

[merry ridge]

because its small amount compare to the reward

[charred rampart]

without even seeing the game.

[exotic igloo]

I invested all in as soon as I saw the team

[charred rampart]

no the apy's are really attractive dont get me wrong.

i have a large investment.

just hesistant to lock it up.

[exotic igloo]

It doesnt stop after the first game

Have you done some hopium maths?

[charred rampart]

im playing devils advocate. i love the devs. the partnerships. investors. its impressive.

[exotic igloo]

On revenue distribution

It's going to be insane. You want the maximum amount of tokens possible.

Sure you are safe!

Not everyone has the same risk tolerance

If I lose everything it's not killing me

[charred rampart]

why doesnt it stop with this game? the token is going to extend to other games?

[brisk surge]

You can always split your investment up, lock half and do flexible with half if you're concerned about liquidity. NFA, but doesn't have to be all one way or the other

[merry ridge]

Finally I was able to stake it. I should have done this a long time ago

[exotic igloo]

All others games/movies/merch/related projects are all tied to the ILV token

So you get revenue distribution from all of it from the ILV token

[exotic igloo]

Congratz!!

You are in now

[terse valve]

Cofounder confirmed that any additional games/regions will be tied to the ILV token and to the first 150 monsters

[merry ridge]

52 weeks in it for life

[exotic igloo]

https://tenor.com/view/this-is-the-way-mandalorian-star-wars-may-may-the-fourth-gif-21430119

[merry ridge]

Thanks for the guidance.

[charred rampart]

is there a select group that will have access to first gameplay?

[exotic igloo]

You mean beta?

Yes

[charred rampart]

how is that determined?

[exotic igloo]

Selection

[terse valve]

yeah theres going to be a google sheet sign up to beta test

[charred rampart]

google sheet signup haha

[exotic igloo]

Not everyone will make it

It's going to be a selection

[charred rampart]

yeah it doesnt sound very democratic

[exotic igloo]

Why?

[charred rampart]

just pick whomever off the list.

[exotic igloo]

They want professional feedback, not ramdom people just in it to play it

It is a testing phase

[charred rampart]

will these testers get to keep what they catch?

[exotic igloo]

No

Full wipe

Paper money

[merry ridge]

@exotic igloo where do I see the gain from SLP? would it be the same as ILV?

[terse valve]

rewards tab

[merry ridge]

Oh its the same ILV

[terse valve]

shows how much ILV youre earning in real time

[exotic igloo]

Yes you get ILV tokens

Not SLPs

[merry ridge]

Ok got it

[exotic igloo]

Also

Only claim your SLP pool rewards

Its going to claim both pools anyway

[merry ridge]

Oh ok

I will add more in the future then. It looks faster than staking it

@exotic igloo If I claimed the rewards will it be automatically to its respective staking?

[exotic igloo]

When you claim, it will lock the ILV rewards in the ILV pool for 12 months yes

[merry ridge]

Oh its not going to the SLP

Darn it. I really should add more in the future

[exotic igloo]

No haha you don't get more SLP

[merry ridge]

I should have invested first in SLP before staking it. Oh well lesson learned

[charred rampart]

okay guys. I'm going to contribute to the liquidity pool. the slp tokens are generated from this contribution?

[exotic igloo]

Yes

[charred rampart]

it literally doesnt say anything about slp

[exotic igloo]

Where

Sushi Liquidity Provider

[charred rampart]

where you provide liquidity on sushi

[exotic igloo]

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

You just provide liquidity and you get SLPs

It represent your share of the pool

[charred rampart]

yeah im on that page. im just being very careful.

on that page, it doesnt say anythign about slp, just providing liquidity

and why cant i just buy slp and then stake it that way.

[exotic igloo]

SLP is the token for all pools on Sushiswap

They just have different contract

[charred rampart]

smooth love potion

[exotic igloo]

No.

[charred rampart]

thats the only token i see on coin gecko

this is pretty strange to me.

provide liquidity to get a token to stake it somewhere else. seems redundant

is this a common process?

[exotic igloo]

It is what defi is about

All pools works like that

You get a token that represent your share of a liquidity pool

Then you can normally stake that token somewhere to get yield

[charred rampart]

okay. now i understand .

you were operating under the assumption that i understood that part of defi

[exotic igloo]

Ok

[charred rampart]

this is my first time providing liquidity so im cautious

[exotic igloo]

No worries

https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda?a=0x8b4d8443a0229349a9892d4f7cbe89ef5f843f72

This is the SLP token for our pair

With the filter for the staking pool

[charred rampart]

when i make the deposit, it will automatically ask me to add that token to my wallet, or should i create it beforehand?

[exotic igloo]

You add it manually

0x6a091a3406e0073c3cd6340122143009adac0eda

[charred rampart]

thanks

if i hadnt added it manually beforehand what happens? the transaction is denied?

i found it btw

[exotic igloo]

No the transaction will happen

You just wont see it in your metamask wallet if you dont add it

[charred rampart]

fascinating.

kinda tricky

i bet there has been a lot of confusion just in that part alone.

now what happens inside of of the pool itself? does it gain interest on its own through swaps? or is the reward soley dependent on what you do with your slp token?

[brisk surge]

Confused me for a few moments when I started haha

[charred rampart]

yeah i bet a lot of people had their heart sink.

transaction went thru but nothing shows up

[exotic igloo]

Where

You get transactions fees added to the SLP price overtime

Other than that you get nothing if you dont stake it

I'm making a tutorial today

[charred rampart]

okay

[exotic igloo]

Just waiting on low gas

[charred rampart]

low gas...to make a tutorial?

[exotic igloo]

Yes

Cause i'm going through the actual process

[charred rampart]

ah. should i delay as well?

how long does this process take?

i approved the transaction, it went thru, but the assests are still there, and no slp

[brisk surge]

As a complete beginner I managed to fumble my way through it with help from people and pinned messages in around half an hour

I also made a few mistakes, I’d suggest using a MetaMask wallet from the start as I did not

[charred rampart]

yeah im good up until there.

[exotic igloo]

You approved the currencies

Now you need to add the liquidity

You basically allowed sushiswap to transact your currencies

[charred rampart]

okay i need to follow that up with a second action.

[exotic igloo]

Yes

It will be the same on the staking website. You will approve the SLP then you will be able to stake it

[charred rampart]

okay i closed out the window to restart metamask to make sure it wasnt an issue there when i didnt see the exchange in the wallet

so ill have to do it again.

ok success.

[exotic igloo]

Good

[charred rampart]

now for this second part.

you have chosen your rewards in ILV in one year from the original deposit.

[exotic igloo]

It doesnt matter

You can chose everytime you claim

[charred rampart]

ah okay.

[exotic igloo]

But if you had tokens already staked, pick ILV

cause it will force you to claim before staking

Also make sure the gas limit is above 295 000 when staking your SLPs

Or it will fail

[charred rampart]

295,000 gwei?

[burnt hill]

gas limit

[gloomy gazelle]

Not gwei. The limit

Under advanced

[exotic igloo]

Do you want to screenshare and I'll talk you through it

If that makes you feel safer

[charred rampart]

thats on the iluvium dashboard or inside the meta mask wallet?

[burnt hill]

Man something strange is happening with my user 😮 after i answer in any channel i'm only able to see the channel again after it have a new message

[half oriole]

What will be the staking rewards for both the pools be in? sILV or ILV?

[charred rampart]

i dont see limits.

[brisk surge]

You can choose to claim rewards as either ILV or sILV

[exotic igloo]

Because you collapsed the categorie

[half oriole]

When will i get the choice?

[brisk surge]

Depends which pool and how long you choose to lock your stake in for

[burnt hill]

no no mate i didn't. For example i was talking with you on the voice text right? i can't see the channel as of right now.

[half oriole]

Invested for 52 weeks in both pools

[brisk surge]

I can already claim rewards on my SLP in theory, but I have my ILV stake locked in for 12 months

[burnt hill]

but if you answer now there, i'm able to see the text channel again lol

[charred rampart]

i believe im past this point. i have my slp tokens.

is this for the second action in the dashboard

[exotic igloo]

It is just an example of a transaction

Did you stake already?

[charred rampart]

no.

[exotic igloo]

Do you want to go on call

[exotic igloo]

Click on discussion

It's collapsed

[charred rampart]

sure one. moment. i have to find my mic.

[burnt hill]

Oh you are right 😄 thks

[brisk surge]

You can choose to claim rewards whenever you like, whenever the amount of rewards claimed makes sense for the gas fee

[brisk surge]

It's separated

You'd have like 2 stakes so to say

[balmy oriole]

If I withdraw from vesting before claiming my rewards in ilv or sILV will I lose those rewards

[willow crest]

ooo sweet

[tacit parrot]

how do i unstake my ILV/ETH on sushi?

[brisk surge]

I doubt it but idk for sure

[gloomy gazelle]

No. You claim the rewards as part of the withdrawing process

Don’t claim them before hand.

[gloomy gazelle]

You go back to sushi with your SLP tokens and withdraw liquidity. It should be pretty visible there.

[silent spire]

This is quite important. I paid the gas fee twice while restaking.

Don't claim, just withdraw and it should auto claim your rewards.

[merry ridge]

I really want to buy more but the prices are going up.

[lapis lark]

Is it still safe to stake. The prices are unbelievable high

[ruby wing]

Look at marketcap and not price

[gloomy gazelle]

It’s not even 10x from alltime low. That’s nothing.

[silent spire]

Right, it is Sunday, supposed to go down.

[merry ridge]

Yeah hopefully later

[silent spire]

Don't worry too much about gas if you are staking big amount. It is reasonable right now.

[merry ridge]

This has to find support or consolidate one way or another its only a matter of when.

[twilit sky]

it is know if stackers will get access to the closed beta?

[junior shuttle]

check out #795444126421483520

oh wow i have a green name!

cool new title

[silent spire]

Green is nice, congrats 😄

[junior shuttle]

@silent spire thanks!

[tacit mesa]

that what an ILV ETH pool liquidity provider would say.. hahaa

[tacit mesa]

hello rahlord.. i think this was asked before but im still confused about it.. after the staking/vestinh ends, we will still be able to convert the SLP tokens to ETH/ILV right? or should it be converted directly to only 1 of either with the same fiat value?

[brisk surge]

I believe the liquidity pool will pay you out in both tokens, based on the ratio that they are in the pool at the time that you withdraw them

[shrewd ingot]

Anyone know how much we will earn from revdivs when they happen?

[exotic igloo]

You remove liquidity and get some of both tokens

[tacit mesa]

thanks.. 😁

[tacit mesa]

The only thing that will matter is revenue distributions. If Axie is at 1m players by then (looking likely), then we should be at least half that in the first six months. We have six core revenue streams, all active on launch.

Shards (curing)
IlluviDEX fees (5% of all trading)
Imbues
Skins
Travel
Wagering fees (10% of all wagers)

If you want to enter the P2E regions, you will need to pay a small travel fee. To capture an illuvial, you will need to cure a shard; to profit off that Illuvial, you will need to sell it on illuviDEX. So let's break down those fees for a second (none of these amounts are confirmed, and this is NFA.)

Travel Fee = $10
Avg. Curing Fee = $20
Sell Price of Illuvial $100 - IMX receives $1, Seller receives $94 = $5

Vault earns: $35
Player earns: $64
IMX earns: $1

This is one of the loops that considers them "Active". If we have 500,000 players completing a loop X times per day:

Once = $17,500,000 x 30 = $525,000,000
Five = $87,500,000 x 30 = $2,625,000,000

Firstly, think about the buyback pressure that those numbers would put on the $ILV governance token. Keep in mind that doesn't factor in cosmetics, which is the most significant revenue driver in Fortnite, or wagering, which in Crypto, no one should be sleeping on. Secondly, think about the passive income you are receiving that is unlocked.

[tacit mesa]

post by Aaron pinned 📌 on #💬〕general

[wintry yew]

So I tried staking some tokens about 2 hrs ago at a gas fee of like 5$ when it said average was 15$ish, still hasn’t gone through wondering if anyone knows when it may go through

[gloomy gazelle]

Do you know what GWEI ?

[copper dawn]

Miners sort what transactions to include in blocks by gas price. If it's low it might take a long time for the transaction to complete.

[wintry yew]

No 😢

[wintry yew]

Ahhh I see

Long time as in hours or like days?

[inner schooner]

It can possibly take days if your gas is too low

[wintry yew]

Hm ok thanks for the heads up !

[gloomy gazelle]

Check it on etherscan.

[wintry yew]

Ok

[tight lantern]

i am new to this channel. seems interesting. can i have a link for video that explains clearly about illuvium at how investing/staking works?

[gloomy gazelle]

Have you searched YouTube? There’s not an official one

But rahlord may put one out soon

[tight lantern]

i cant understand so much about it new to blockchainsm

[gloomy gazelle]

Yeah it’s such a new thing for most folks. Takes some learning for sure.

[sonic wolf]

https://tenor.com/view/btc-gif-19571379

[tight lantern]

thank you folks.

[gloomy gazelle]

There’s a faq and a medium post on #🔗〕helpful-links

[spring parrot]

are only the rewards locked or the total amount of tokens you stake?

[slender ocean]

if TVL in the IVL stake pool doubles... will the APY halve?

[kind loom]

You decide if you want to lock or not your stake and for how much time. But the rewards are locked 12 months.

[gloomy gazelle]

https://link.medium.com/gOYZe6Obmib

Wait no

[gloomy gazelle]

No. What matters is how many ILV are in it.

If ILV price goes up the TVL goes up. But since the rewards are paid in ilv as well then apy stays the same. Unless more ILV is put in

[gloomy dome]

Sorry if this question has been asked before and for my lack of online knowledge. I can’t seem to connect my MetaMask wallet to iluvium despite doing so previously for staking on my iPhone. Any ideas how to reconnect? I have tried deleting and reinstalling the app already.

[gloomy gazelle]

Do you use the in app browser for MetaMask?

[gloomy dome]

I can try that now but havnt previously

[gloomy gazelle]

It will work I think.

[slender ocean]

if IVL in the IVL stake pool doubles will the APY halve? i think this APY going to drop down hard soon if this is the case

[gloomy dome]

It worked! 🤦‍♂️ thanks heaps

[gloomy gazelle]

In replied with your answer somewhere else.

Oh sorry I miss read what you said. Yeah apy is going down.

It used to be like 600

In ilv only

It is what it is.

I made some calculations of what the ILV only pool APY will be till the end of distributions. And it’s looking on track.

[gloomy gazelle]

Again sorry for my earlier reply. I thought you were repeating the same question. But no you weren’t.

That’s why staking early is so much better than waiting.

[slender ocean]

can you share what that 'track' is like... what is the projected APY by Dec?

[gloomy gazelle]

And even the amount being distributed is going down.

[gloomy gazelle]

Send me a dm.

[slender ocean]

done

[oak peak]

what fortnight are we?

[gloomy gazelle]

2nd bar

middle of it I think

I'm gonna lose track for sure

I need a countdown somewhere

[viscid venture]

Already up $40 from putting $10 in

[ruby wing]

???

how are you covering gas fees

[slow turret]

bought on a CEX, I guess

with a plan to just hodl until the Eth 2.0 merger or until ILV moons enough to afford the gas.

[gloomy gazelle]

then get this post out of #🥩〕staking 😆

[slow turret]

Why? If ILV jumps to 0.5 eth, then withdrawing and staking it will become affordable.

[gloomy gazelle]

just joking around... honestly I think I've seen a few tiny staking positions

[slow turret]

Wow, those stakers are dedicated fans!

[tacit mesa]

hello can i also ask for the 'track'? got quite curious about it.. if its ok with you . 🙂

[gloomy gazelle]

haha sure... dm me @tacit mesa

[open spear]

Where can I find the ETH/ILV value of 1 SLP token?

[exotic igloo]

https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda?a=0x8b4d8443a0229349a9892d4f7cbe89ef5f843f72

[gloomy gazelle]

Sushi analytics and maybe the SLP token contract... both are pinned

or there

[normal blaze]

If I lock my slp for 12 months is there any other risks apart from getting token back at lower price?

[gloomy gazelle]

yes... Impermanent loss

[normal blaze]

How would that happen?

What did u guys stake?

650% return looks juicy though lol

[gloomy gazelle]

you enter your liquidity position a equal weight. By the time you exit your liquidity position one of the 2 tokens outperformed the other. When you exit you will recieve back different amounts of each coin than what you put in. But they will have an equal value.

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

you should check it out

[normal blaze]

Ok thanks 🙏

[normal blaze]

Ok that does sound crap 💩, better off just staking my ilv in core pool right, no risk?

[gloomy gazelle]

lower risk lower reward

higher risk higher reward

hard choice

[barren tusk]

not hard
go 50-50

https://tenor.com/view/pepe-wink-pepe-wink-gif-18805786

[normal blaze]

But u just know ilv will be so volatile in the next year in a good way, and will outperform eth

Can’t see eth going to 30k this year

[winged tide]

Makes sense. I have locked 10 ILV in the pool for 12 months. probably I should have just stacked

[lethal kite]

Better to lock, flexible lock or keep?

[cunning perch]

Depends on your plan really.

[lethal kite]

I am planning to mobilize all my earnings from axie to park in ILV haha.

[normal blaze]

You’ll find out in 12 months i suppose, might pay off really well 🙂

[cunning perch]

It's not really a matter of might. you get rewards by locking longer, so whatever your avg, it'll be lowered. unless you were planning to exit at a certain point. Depends on your plans really

[exotic igloo]

https://tenor.com/view/the-one-he-is-the-one-gif-14744864

[normal blaze]

So if I plan to stake for 12 months and take it out, think it’s worth doing in slp?

[twilit sky]

the fee of claim sILV is high?

[normal blaze]

How high?

[cunning perch]

well you will always have unclaimed ILV (as rewards) that need to be claimed. It's not a matter of worth or not, It's what you think would work out for u best. I myself am in single pool and will be there literally forever.

[cunning perch]

the fee is exactly the same as claiming ILV cuz it depends on gas

[normal blaze]

Which pool? 😁

[cunning perch]

ILV pool. not SLP

[twilit sky]

i SLP cant claim the sILV?

in

[cunning perch]

every pool can claim sILV. you choose your rewards everytime you wanna claim, ILV or sILV

[normal blaze]

After 3 years there won’t be anything left to claim?

[abstract sentinel]

how often do people here claim there rewards?

[normal blaze]

How often do u claim ur rewards?

[cunning perch]

the 3rd year YF will end, the rewards will be fully released a year after. it also depends if you plan on locking your RevDis as well. but in terms of YF, year 4 is the full release

[cunning perch]

depends on your stake and the gas really. with the high gas and lower APY now, I do every 10 ILV

[twilit sky]

there are high risk of some rug pull in sushi right?

[normal blaze]

How much did the last lot cost u to claim?

[cunning perch]

I don't know about that. The high risk of getting into SLP is merely the IL.

[cunning perch]

about $5 I guess. don't really remember

[normal blaze]

So u claimed 2k worth of ilv and it’s cost u $5?

[cunning perch]

I don't remember how much it was worth. it was over a week ago. whan gas is lower than 10 Gwei, it's pretty cheap. at 15, it's OK, more than that, I'd wait to claim more ILV

[twilit sky]

if the token not have any use yet, why you claim?

[cunning perch]

claiming will compound to your stake and generates more rewards. besides, if you wanna withdraw them a year later, you have to claim it. otherwise it'll sit there idle.

[normal blaze]

If u claim 10 ilv and it cost $5 I consider that to be free 😂 I’d be happy paying $100 if I’m claiming 10 Ilv

[cunning perch]

haha. that's why taking gas into account is very important. you don't wanna lose money. The highest fees I have paid have been $13 (ever) I'm good at waiting lol

[normal blaze]

But that’s nothing right, 10ilv is bout 2k worth. How much have u got staked if ur able to claim 10 every week?

[cunning perch]

It was way higher at the beginning. now it's not one week. it drops and keeps dropping. I really haven't looked at the dashboard in like 3 days. lol

[sonic wolf]

yeah not worth it

[normal blaze]

What’s not worth it?

[sonic wolf]

can we ask core contributors to make more animated icons, please?

[cunning perch]

checking the dashboard everyday

[shrewd ingot]

Will revdivs rewards ever stop?

[normal blaze]

U must have 1000s staked to claim that though right?

[mystic temple]

Yow noob question. I invested in SLP instead of ILV now I'm seeing the ilv price go higher. Should I have invested in ILV solely instead?

[sonic wolf]

[cunning perch]

hahaha no way

[sonic wolf]

this is cute as fuck

[cunning perch]

nope. as long as people spend in game, Rev will flow

[manic spindle]

Only if the entire ILV eco systems fails.

Every game released from now on will create RevDis

[cunning perch]

It really depends on your plan. no one can tell you what pool to invest in. it's merely done through the plans you have and what works out for you and you alone

[shrewd ingot]

Hold on… then how the hell are you making 10 ILV a week?!!

[mystic temple]

So currently while the game is not out yet I only earn when someone buy ilv?

[normal blaze]

R u saying ur not a whale 🐳 😂

[cunning perch]

I'm not. whoever said that? lol at the begining when APY was higher (over 300%) the rewards were also higher

[cunning perch]

nope.

[normal blaze]

We can only but dream 🙂 bet u that stormi is a whale though lol

[cunning perch]

no you earn by every block. make sure you claim rewards otherwise they will be sitting there idle.

[cunning perch]

well you should ask him 🙂

[normal blaze]

Haha probably better I don’t know, would just make me sad lol

[cunning perch]

1 ILV is better than 0. remember that. No need to compare and get sad about the things other people have and you don't.

[manic spindle]

<- not a whale. Might be for whatever comes after ILV in the future but not a whale now.

[cunning perch]

there's your answer 🙂 @normal blaze 👆

[manic spindle]

I would have staked 5.000 or even 10.000 ILV if I had the money, yeah, that much I do believe in this. But nowhere near enough funds to get to those numbers 😄

[cunning perch]

that's a lot of Zeroes lol

[twilit sky]

you claim it and stake again?

[manic spindle]

When you claim ILV as rewards it gets automatically locked for 12 months and staked in the ILV pool with a weight of 2.0

[cunning perch]

nope. claming stakes it directly. more complete answer 👆

[open spear]

Thanks. How do I work out how many ETH and ILV per LP token?

[lethal kite]

What about little planktons like me, the ilv reward will take ages to reach 0.5 ilv even, do I still claim or generally just as long as the gas is lower than the reward?

[manic spindle]

50 / 50 split in $ value

[open spear]

ok then divide by LP tokens?

[manic spindle]

The whole SLP staking funnel would be:

• 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

[cunning perch]

as long as the gas is worth it, you can claim. you'll get revenue for that later which would compensate the price you pay for gas. and the rewards will lower your avg anyway. you have to wait longer to claim ofc so you wouldn't pay a lot of gas and claim a tinybit

[lethal kite]

So I guess once the gas is lower than reward I’ll do it, thanks!

I will be staking more. Just maybe on the flexible side.

[cunning perch]

no worries. patience will always be rewarded. make a plan and stick with it.

[lethal kite]

I got in at $240 mark and got 5 more ilv. I am a little bigger plankton now.

Hrm, something went wrong when I want to stake more just now. It failed.

Anyone can help?

I was trying to claim and stake in core pool ilv with 5 more ilv.

[cunning perch]

what error does it give you?

[lethal kite]

😓 out of gas, how to adjust?

[cunning perch]

ok. lemme send you a link

[cunning perch]

#🥩〕staking message

go through the messages. I helped him and it worked. if you needed further help let me know

[lethal kite]

How much do I have to raise it to?

[cunning perch]

whatever it is, put 50,000 more.

if it's 250,000, then make it 300,000

[lethal kite]

I am at the advanced tab. So the current gas limit is 279111, Inadd 50000 to it?

[cunning perch]

make it like 350,000 it should go through

[lethal kite]

Ok I set to 350000

But the 23 gwei too low it says.

[cunning perch]

ok. save it and go with it. I thik you can also use the fast option. it should go through fast

[lethal kite]

Sad, the rejected transaction cost $$$

[cunning perch]

ofc. rejection causes you to lose ETh

[lethal kite]

Is ok. I can bear with it, consider it to be school fees for learning.

It went through, thanks again Arash, if not I might lose even more $$.

[cunning perch]

yep. failure is the greatest teacher. Just don't repeat your mistakes lol

[cunning perch]

anytime 🙂 always happy to help

[lethal kite]

And it’s weird, the gas fee for the successful transfer is less than the rejected one.

Arash, where was the level for plankton crab all the way to whale and dominating whale hierarchy chart?

[cunning perch]

well at least you didn't pay much more than you had to. later the rewards and Rev will compensate for your loss

[cunning perch]

It is in #💰〕token you're gonna have to search for it lol

[lethal kite]

Ya. I am now fully vested. Locked in for 1 year, just click and forget, waiting for the day the revdis and price of ILV to allow me to buy lambos

[lethal kite]

Ok.

[cunning perch]

just don't forget to claim occasionally

[lethal kite]

I will when the gas is low and I have more value reward vs gas.

Faster rate of ilv returns…wohoo!

[normal blaze]

Yes ur right, 21 is all I have but happy with that since i only bought a week ago

[normal blaze]

Me 2 🙂

[cunning perch]

and you're already in profit and that is good. profit will be even higher once Rev starts flowing in

[gaunt mist]

Ok so let me get this straight: I put in my $ILV, that started generating rewards, those I claimed and they were vesting. Do they become a part of my stake, effectively increasing my rewards?

[cunning perch]

yep

[gaunt mist]

Also before claiming?

[cunning perch]

Nope. after claiming they become a part of your stake and add to your weight. (not your weight lol. your ILv weight) but will have different release dates.

[gaunt mist]

Ok then I understood correctly

[cunning perch]

glad you did 😄

[gaunt mist]

Time to claim

[cunning perch]

have fun 🙂

[lethal kite]

Hi guys, I found the chart. I am no longer a plankton, am a shrimp now. Muahahah.

[grizzled granite]

hi friends im kinda new, i want to put 2eth onto siushi ilv staking, i have meta mask and binance how do i buy ILV

and how do i do the core pool locked 12 months 600% yield stake sushi ILV any simple instructions, i read the guide but thats assuming i have ILV and that was the old ILV ETH pool

pls help thanks3

[manic spindle]

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

[grizzled granite]

thx

[manic spindle]

Info about Sushi 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

[grizzled granite]

thanks so much i appreciate it will check it out now

[grizzled granite]

ah i dont know what liquidity is, for the core pol what token is required, cant i just buy illuvium and then stake it in core sushi lp pool? sorry im noob XD

for example if i simply swap my eth for ilv on sushi swap

then get my ilv and stake it in core pool? XD

[manic spindle]

No. My answer to you provides a clear step to step list. This is what you need to do. If you don't understand it you might wanna refrain from providing liquidity and consider the ILV only pool first. That one needs ILV only and is explained in the article I linked before 🙂

[grizzled granite]

oh ! so liquidity option must be used and thats the specific method, ah i guess its a different method altogether, ok i will look into it now thanks alot 🙂

[grizzled granite]

so basically if i have 2 ethereum i need to turn 1 ethereum into ILV tokens

then provide liquidity 1 ethereum and ILV equivalent to 1 ethereum https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E

and i get SLP tokens for both liquidity providing

then those tokens go into the core sushi LP pool right

or do i just provide my 2 ethereum in the liquidity pool at max and get slp back and just go to core and stake the slp i have ? https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E

thanks alot !~!!

[regal marten]

When you provided liquidity to the sushi pool you get SLP tokens in return. Those tokens can be staked in the Sushi LP Core Pool to get ILV rewards.

The other option is to stake ILV tokens directly, that's the ILV Core Pool.

[grizzled granite]

oh ok

like this?

i got 1.6 eth today tomorrow i plan to buy more and want to stake 2 eth total

so i do this? get slp and go to core pool? or do i do it 0.8 eth at a time

[merry ridge]

You should add the instructions to add the wallet address of the SLP. Just a suggestion

[red glen]

hi guys, I just claimed some rewards from the LP, the transaction shows as completed on erherscan but on the frontend nothing has changed. I have refreshed the page multiple times as well. Anyone had the same issue?

[grizzled granite]

the token right haha

ok ill watch the staking video as well lets see

first time staker sorry

[merry ridge]

Its ok.

[foggy gust]

Just want to say thank you for all the great advice given here… I am new to this type of investing, and have read the different guides, watched some on youtube and followed the discord chat for the last 3 days… and decided to give it a go and have just staked my first 10ILV (locked it for 12 month because I belive in the project) everything went smooth 😊👍

[normal blaze]

Well I finally staked my ilv , best savings account I have ever opened 😁

[manic spindle]

https://tenor.com/view/yes-baby-goal-funny-face-gif-13347383

[normal blaze]

So looks like the whole market cap is staked right?

[manic spindle]

No. Flashpool and ETH is in the total staked value shown on the staking page as well

[normal blaze]

Just disconnect my wallet can’t see it, how much is it?

[manic spindle]

AXS flash pool alone is 70m

[viscid venture]

What’s the best app for getting ilv to stake

And how to transfer it to the illuvium site

[manic spindle]

There is an article about staking here: https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac

[tight oyster]

Hi, i heard that the only ILV pool APY will only going down by time, is it true?
I staked some ILV in but i don't really understand the under-mechanism of it

Someone said that APY in ILV pool will foing down because of the rewards claim

[manic spindle]

Claimed ILV rewards are vested in the ILV pool, yes. Also, rewards in general decline by 3% every 2 weeks. For more, you should read about the tokenomics first and then come back if any questions are left:
https://docs.illuvium.io/whitepaper/tokenomics
https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be
https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507

[tight oyster]

Ok thx 🙂

[normal blaze]

Won’t be huge corrections with all this staking right, ?

[manic spindle]

AXS flashpool has 0 influence on ILV price right now since its AXS staked there not ILV. But in general, there is a huge part of circulating supply of ILV staked right now, yes, and this will for sure help to safeguard us from huge corrections.

[grizzled granite]

hahaha i finally did it i got in to the core pool 1.6eth today .4 tomorrow wanna stake a nice round two

i did liquidity 0.8 eth to ILV

and then ilv to eth in same amount and slp i staked core pool locked slv thanks

2.48 slp staked loll

[buoyant scroll]

Hey frens am I doing this right? So if APY won't change and price I would earn around 500$ for one month ?

[manic spindle]

Looks good to me, except that APY for the ILV core pool will keep dropping for sure, while price - in my opinion - will keep going up a lot.

[buoyant scroll]

that's what I thought too 😄 perfect then I will deposit now thx so much

[sick walrus]

Ok so question. I've been reading about staking and I need some help wrapping by smooth brain head ass around the concept. Can someone help me understand the different pools. And how they work and what I should be looking for?

I'm currently invested into just over 2 ILV. Looking to purchase more here this evening and was interested in staking around half of my total investment. But I can't seem to wrap my big dumb idiot head around the concept and what exactly I'd need to do to start even after reading the guides. So if someone can dummy it down for me

[drifting shell]

I've passed 200ILV in staking rewards

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

[slender ocean]

why is LP APY going up instead of down?

[manic spindle]

People might be dropping out because of IL or selling for profits or ..

[thin patrol]

love to see 18 hours wait time

[silk meteor]

Hey guys what a ride it’s been!!! Appreciate all the help from community here. If rewards accrue to like 10 ILV every other day, does it make sense to claim them unless gas price is too high? I think even 5 ILV is worth it??

[cunning perch]

well if gas is cheap and you have enough ILV to claim, claiming will be worth it as it compounds to your stake and starts generating rewards

[slender ocean]

will fees decrease because of eip 1559 on august 4? then we can claim more often

[cunning perch]

probably not. I don't think it's a gas related update, but I might be wrong. ETH 2.0 is gas related for sure

[silk meteor]

Yeah math says I should but its just hard to believe so good 😊

[cunning perch]

enjoy the life-long profits lol

[silk meteor]

I’m in other LPs as well but Will have to see how all these projects turn out, this pool has been amazing and the community is by far the most engaging!

[cunning perch]

glad to hear it. 🙂

[silk meteor]

What I can’t really wait is Rev dis..it’s like owning a part of business and future😃

[stuck rune]

hmmm revenue distributing will be part of staking in the future?

or will it be like revenue is taken to buy more ilv and distributed as yield for staking

[uneven sparrow]

Is there a guide on how to convert my Sushi LP back to ETH+ ILV?

[stuck rune]

ic thats nice! thanks for the info!

[cloud silo]

I just purchased my first ILV, and transferred them into MM. How do I stake?

[cunning perch]

you can either go for SLP or single pool.

[manic spindle]

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

[cloud silo]

Thanks

[mental spade]

Did you say 10 ILV every other day????????

[tight torrent]

Hi. Noob question. What will be the effect for people who are already staking when ILV goes high say like usd 1,000?

[cunning perch]

depends on the pool. for the single asset pool, nothing will happen. for the SLP, IL will happen

[tight torrent]

Thank you for the answer. Why some people are excited if ILV goes up? They plan to buy lambos if ILV goes up to that level lol or maybe I misunderstood.

[cunning perch]

hmmm I really didn't understand your question. If ILV moves up in price they can sell and take profit, but most won't do that.

[tight torrent]

Ah that make sense

Thank you

[cunning perch]

happy to help 🙂

[humble ibex]

Is anyone tracking what percentage of circulating tokens are being staked?

[gloomy gazelle]

#❓❗〕community-help message

the data needed is on the staking page. And of course SLP doesn’t count

[brisk surge]

Nice time to claim

[cunning perch]

agreed. I'll join you

[brisk surge]

True

Would claim if i had something significant lmao

[polar apex]

20 usd in gas for me today on claims

[cunning perch]

I paid $15 now. not baaaaad, not good

[tacit cedar]

Yeah, $14 for both pools just now for me

[cunning perch]

the first RevDis will cover all the fees paid and more

[tacit cedar]

A few days of those rewards being in the single stake pool will cover my gas, lol

[polar apex]

well good timing

gas spiked again, its 42-62 gwei now lol

[cunning perch]

🐳

[cunning perch]

Was waiting for me lol

[tacit cedar]

Haha, just a few weeks build up of my slp rewards

[cunning perch]

Slow earning for me in single pool.

[balmy ibex]

Hows the rewards treating you guys

[thin patrol]

okay not something speciel yet

[cunning perch]

Rewards are just rewards: free ILV whatever the amount, it is awesome, though in terms of SPECIAL, wait to you receive REV

[thin patrol]

yeah i'm not complaining lol

[polar apex]

staking rewards are insane so far

[balmy ibex]

@cunning perch can you point me in the direction where I can read about how REV is going to work?

[polar apex]

will be sad in the future when it's a fraction of what it is now lol

[cunning perch]

All the stuff is in the white paper in the website and #🔗〕helpful-links (I suggest going through all the mediums)

[balmy ibex]

10-4

[cunning perch]

Well IF people withdraw l, they lose their weight and there will be more rewards and Rev for the ones in either pools. The Rev itself will probably be insane and since more players will probably join everyday it will probably go up. So...i don't see the sadness here 😁

[polar apex]

oh yeah the revdiv should make up for it haha, just love seeing the apy in early stages. most other coins im staking are like 9-11% apy...

[cunning perch]

Yes. You can find it in the medium articles. Though since the game is not out and market place and minigame haven't started yet, there's none. Once they start, 100% of ETH used in them will be used to buy ILV several times a week and distribute all of it to the stakers

[cunning perch]

Yeah. I'm curious to know how low ours can go.

[queen horizon]

Guess not that much lower. ILV pool will go down quite quick, but SLP pool will be constant

[cunning perch]

For me ILV pool is more important since I'm in it and it'll probably keep going down. Curious to know how far down it'll go. 😁

[polar apex]

by year 3, i think probably single digit

just looking at the staking reward distribution chart, and likely more staked in the pool

[cunning perch]

Probably. Many (me included) will stake Rev Share as well. Might just take out the cap and stake the rest of it. Token number matters

When YF is done, the ones who fully withdraw will revoke their right to receive Revenue. So....guess what will happen to the ones who have lots of tokens and stay in the pool!!!! Haha

[quick bridge]

in three years I’d expect apy to be a small afterthought/bonus when compared to income from revenue distribution

[final steppe]

Exactly.

[cunning perch]

Well said.

[loud flume]

Anyone have the same issue where claiming in the a sushi pool also forces you to claim from the ILV pool?
Want to claim decent ILV from sushi pool but not efficient to claim from ILV pool

[polar apex]

yeah agreed

[cloud silo]

Should I stake my ILV as ILV or SUSHI LP

[prisma juniper]

I have two friends that would like to stake their ILV but their transaction is currently pending and it has been over an hour now. Should they just wait?

[final steppe]

Not an "issue" exactly... that's intended.
When you claim from the LP rewards, it will automatically claim rewards from the ILV only pool as well, if you have any.

[loud flume]

Well it is an issue on that you pay double gas fees

[cunning perch]

Depends solely on your plans and decision.

[cunning perch]

You can ask them to add more gas.

[final steppe]

That's going to be a decision left up to you! Sushi LP looks promising with the APY being up there but make sure you research Impermanent Loss and understand the risk before making your decision 🙂

[cloud silo]

Which one would you recommend?
I plan on getting high returns, and play the game aswell. Both for the fun and joy of it, but also as an investment/business

[cloud silo]

So sushi lp has a risk, while the other one is just normal staking?

[prisma juniper]

Will do. thanks

[final steppe]

Correct. Sushi LP is where you will be providing liquidity so you will have to have equal amounts of ILV and ETH (USD $ value) So take a look at this article to get a better understanding of the risk: https://academy.binance.com/en/articles/impermanent-loss-explained

[cunning perch]

It's not about my recommendation. Make sure u understand Impermanent Loss fully. @final steppe shared it 👆

[cloud silo]

Sure thing, I will take a look at it!

[final steppe]

Yes, claiming your LP rewards will incur double the gas fees. So it's recommended that you assess your rewards balances in both pools and wait to claim when it makes the most sense to you considering the amount you'll have to pay for gas.

Keep in mind that while you are paying 2x the gas fees... you're getting 6x the APY 😉

[storm estuary]

and we have to buy sushi to stake?

[cunning perch]

No. If you're planning to join SLP, you need ETH and ILV (equal in Monetary value)

[storm estuary]

perfect....thanks...for some reason i had that in my head but i wasn't sure....

[final steppe]

One of the pinned messages from Stormi goes through the process... or you can click here: #🥩〕staking message 🙂

[cunning perch]

no worries 🙂

[storm estuary]

thats exactly what i needed....thanks guys!

this community....and i say this lots....is like non other

[cunning perch]

glad to hear it. we tend to help as much as we can. don't hesitate to ask whatever is on your mind that bugs you or you don't understand

[storm estuary]

i think ive been here since january....possibly february....greatest purchase and greatest project to follow 💯

[final steppe]

@queen patio Yeah you've got two different pools you can stake in... see below

!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

[final steppe]

The impermanent loss you'll read about applies to the ILV/ETH Sushi LP pool.
The ILV only pool doesn't have that risk as you're only staking your one asset.

[queen patio]

Thanks a lot! Mods here are elite

[cunning perch]

haha. 😄 enjoy. don't hesitate to ask whatever you don't understand

[queen patio]

Wen lambo

[cunning perch]

that even I don't understand lol

[queen patio]

I jest 😂

[final steppe]

Same.
Why throw away your perfectly good crypto into a depreciating asset like that?!
(Channeling Rahlord right now :D)

[cunning perch]

EXACTLY. thx for confirming 🙂

[storm estuary]

why didnt i do this when ilv was so much cheaper?😩

thanks for all the help

[cloud silo]

Anyone else stuck at this?
"Before you can continue, you'll first need to approve your wallet to stake your tokens.

Click the button below and then confirm in your wallet when prompted."
Been buffering for 1 hour now

Okey

I did 1 small mistake. I redid it 3 times, cuz i thought it was lagging. SO now i paid feed 3 times hehe 😛

It went through now!

[tacit cedar]

If you have an outstanding transaction, can you 1) turn off the device which I itiated the transaction, and 2) switch the metamask wallet to a different blockchain before the transaction resolves? Nooby crypto questions I'm afraid

I'm happy just to leave the transaction ticking over, for it to execute when gas drops

So looking to do things which won't cause it to cancel essentially

I wanted to shut down my pc but was unsure if that will mess with a transaction initiated on my pc

Amazing, thank you @livid lark <3

[cunning perch]

@livid lark I have a question ✋ : how many transaction can you do at the same time? Does it matter to wait for one to go through and then start another one, or can you do both simultaneously? Just out of curiosity.

Hmmm. so from the same wallet many transactions can run all together

yeah I meant that. so if I run more, one is done then the next moves up

Gotcha. thx a mil 🙂

[half idol]

The exact same thing happened to me yesterday... First time staking

[tacit mesa]

@gloomy gazelle gave a projection for this..

[cunning perch]

Hmmm. Can u send the link?

[summer valley]

try resetting your Metamask, that should cancel any transactions in there

[tacit cedar]

Sorry, I explained it badly. I wanted to make sure they didn't cancel

[tacit mesa]

question.. if i stake more to either pools ( ILV or ILV/ETH), there wont be any additional rewards tab right (merged/compounded rewards)? im thinking the vesting tab will only increase as they are staked at different dates..

[tacit mesa]

thanks.. as always.. 🥰

[tacit mesa]

dm..

[cunning perch]

Thx

[abstract comet]

The ILV/ETH SLP staking reward is on top of the fees I normally earn from just providing LP on sushiswap right? Like even without the staking reward, the SLP should grow in value over time from the 0.25% fees.

[ruby wing]

Correct

ETH + ILV increasing relatively closely and sushi fees will increase value of SLP tokens

🙂

[abstract comet]

thanks

[ruby wing]

https://tenor.com/view/michael-scott-wink-yes-आँख-मारना-gif-5795910

[abstract comet]

so sushiswap itself has its own farming pools...

I assume I can't stake in both that one and the one on illuvium.io?

[ruby wing]

I think they do but rewards are lower and there is less staked? not 100% sure

[abstract comet]

it's really confusing to me because it says there's almost $20 million ILV/ETH SLP staked with 4% APY

that's a sizeable chunk.

4% vs. 600%? I don't understand why there would be any staking there.

[ruby wing]

@manic spindle do you know if the treasury provides any liquidity to this pool?

[manic spindle]

Not from the top of my head. @livid lark maybe?

[ruby wing]

kk

[abstract comet]

I guess it's not too surprising since there's a lot of people owning naked ILV without even staking in ILV only pool.

[final steppe]

I think I'm just a little confused about which pool is being referred to here... I'm guessing the ILV/ETH pool, yeah?

And now just to confirm, the SLP tokens received from the initial liquidity provided by the Treasury is currently staked in the Sushiswap pool and yield farming Sushi rewards, right?

But even with flexible staking it's still

Yeah... you beat me to it

LOL

[abstract comet]

I'm comparing the LP pool on sushiswap itself (paying out Sushi) vs. the LP pool on illuvium.io. If you go to https://app.sushi.com/farm and just look up ILV, you'll find the pool I'm talking about.

[final steppe]

Ahh yeah that's what I was mentioning up above. This likely has to do with the recent IIP that was passed.
Prior to ILV staking going live, the treasury already had SLP tokens from when they initially provided liquidity on Sushiswap for people to begin buying ILV. In the IIP that passed, it was voted that those SLP tokens that the treasury gained early on should be staked on Sushi and earn SUSHI rewards (#📰〕governance-news message)

[abstract comet]

cool, thanks. No point for the treasury not picking up free yield if it's already providing liquidity. Am I correct in assuming that pre-seed, seed, team, treasury cannot stake in ILV only pool either? Is the idea to incentivize the community and leave these rewards for people like me? 🙂

[manic spindle]

Team/Seed tokens will start unlocking linear over 12 months as of March 30 2022. What people then do with their tokens is up to them as far as I know, so they could be staked, I think. Until then, Team/Seed tokens only get RevDis, no chance to YF rewards from staking

[abstract comet]

ok sure, but the current locked (team/seed) tokens cannot be staked?

I think you just said that, so nm

[manic spindle]

This proposal was passed by the council back then: #📰〕governance-news message

[tropic geode]

So. I got a few ILV on Gate.io, do I withdraw that to my metamask wallet to Stake? Because I dont see an ILV token available on Metamask

[manic spindle]

To see ILV on MM you probably have to add it manually. Try the fox icon next to contract top right here: https://www.coingecko.com/en/coins/illuvium or copy the address and add a custom token manually in your wallet. You should also be able to see whatever unstaked balance you have by checking here: https://staking.illuvium.io/dashboard

[tropic geode]

is that it?

[manic spindle]

If you took the contract address from coingecko, then it should be fine, yes. The icon unfortunately is just colored not the official

[tropic geode]

the icons tho 😨

got it from here

[final steppe]

Looks to be the correct one
0x767fe9edc9e0df98e07454847909b5e959d7ca0e

[manic spindle]

Looks good. I have the same icon for ILV on MM

[tropic geode]

so I don't see a different address for ILV. It should be the same one with ETH mainnet right?

[manic spindle]

Doesn't really matter anyway. Got all ILV staked so it's 0 on MM anyway 🙂

[cunning perch]

Idk why MM doesn't upload the token pics. That pretty logo is a colourful ball in MM lol

[tropic geode]

No receive button. So I assume it share the same address as ETH?

[manic spindle]

This is in your ETH Wallet, yes.

[cunning perch]

yes. It's your ETH address.

[brisk surge]

ive been waiting on my SLP to stake for over an hour, any insight?

[cunning perch]

increasing the gas maybe?

[half idol]

Hi, do you have a compound staking calculator that takes into consideration gas fees? I am able to stake only a small amount and want to check whether it is worth it

[cunning perch]

why don't you follow gas prices? you can find it on the right corner or at gasnow.org...........any number below 15 Gwei is considered reasonable

[half idol]

I just want to see when I should claim to max returns

[cunning perch]

@half idol try changing the numbers based on the current ones. it might be close. But I would say claiming/staking is a personal decision based on comfortablity and convenience

[brisk surge]

access has to be requested

for me at least

[cunning perch]

try saving or copying it

[half idol]

Thanks! Just sent the access request. I think I am ok just investing for the long run, so it would be only a mathematical thing... unless I am missing something

[brisk surge]

doesnt even let me load the doc, comes straight to a request page

[cunning perch]

I think you can download it so you won't need an access

[brisk surge]

not that i can see

[thin patrol]

we need acces

[cunning perch]

well it's as I said a matter of preference. in the long run you will have more rewards, but make sure you claim, since claimed rewards will be locked for a year

[cunning perch]

can you download it? go in file and download

[half idol]

yeah I think we need access in order to download it

[thin patrol]

we can't you need to do a "can only look" - "Share with link"

its still "request acces"

[cunning perch]

Idk how to revoke the (access requirement) lemme get back to you.

[thin patrol]

i know give me a sec and i can show

nvm

i can see "Copy of ilv compound calc (ILV)" - Is that the one?

[cunning perch]

yeah

[thin patrol]

yeah i just sent a meessage i chat and can see

[half idol]

Great! I can use it now thanks

[cunning perch]

no worries.

[twilit sky]

sent u request ;P

[rich patio]

Tnx for the dox arash ima try it.

[cunning perch]

No worries guys. I need to figure out how to turn the request requirement off lol

[dense hemlock]

HEy guys. $22,00 staking fee price right now.. is it worth to wait?

[brisk surge]

Maybe wait a bit

I said a bit like i know it will get lower lmao I don't

Just saying maybe pay attention to gas

When I staked I paid 16$

[rich patio]

What is Current apy in the ilv pool?

[brisk surge]

Not sure

[dense hemlock]

ok. I think i will wait a bit

[thin patrol]

probs a good idea

[manic spindle]

108% when locked for 12 months for 2.0 weight

[rich patio]

Tnx

[half idol]

what is the boost in ilv pool?

[cunning perch]

guys try downloading the file and save it on your computers

[olive seal]

do i have to pay almost 30usd to stake my 1 ilv token?

[steady ridge]

Hi guys, I'm new on this staking thing, In the sushi swap, I bought ILV in swap then afterwards, did the liquidity pool thing. Will my ILV be staked at Sushi LP?

[cunning perch]

right now gas is a bit high, so it's probable. Gas won't care really how many tokens are being swapped or staked

[final steppe]

At current gas prices, perhaps. May be best to wait for the GWEI to decrease.

[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

[olive seal]

thx for the answer @cunning perch and @final steppe is it worth to stake 1 ILV token? I have 2.04 now

[cunning perch]

ILV Single Pool Claim

try using this file guys. I don't think it needs access anymore @half idol @rich patio @thin patrol @twilit sky

[cunning perch]

well It's a matter of prefrence. Rn if you stake you pay a lot for gas. but that's a decision you have to come up with. Try using the formula I sent to see how long it will take you to claim so it might help you

[steady ridge]

Thanks much mate

[final steppe]

What Arash said. It all depends on your plan for yourself.

If ILV is a long term hold for you, I'd say it's worth it to stake your ILV so that you can farm more ILV as time goes on. No reason to let it sit there in your wallet doing nothing. And then of course, perhaps wait for the gas fees to go down before you stake it.

[half idol]

will we be able to play the game once it releases with the staked ilv? or will we need another currency to purchase in game staff?

[manic spindle]

Ingame currency is ETH, no ILV needed

[cunning perch]

the currency (main) is ETH.

[final steppe]

Another option is if you have ILV and are staking it, you can claim "sILV" as rewards and that sILV can be used in-game instead of ETH 🙂

[half idol]

Oh ok, great. Just want to be able to transfer part of my initial investment to gameplay eventually after release

[cunning perch]

@half idol did you download the file I sent mate? did it work?

[half idol]

yeah! thank you so much. Just one question, what is the boost?

[cunning perch]

it depends on the locking period. if you lock for 52 weeks (1 years) it will be 2. means you get double the weight. You can see it while locking your tokens

[stray hull]

I am a little confused, I was staking LP tokens with no lockup.. so the apy was hovering around the 315% mark.... I decided I wanted to lock up to get large apy and weight. My assumption was this lets say before i was averaging a reward of .15 a day...... so after locking and apy increasing to over 600% plus the weight of 2 I thought I should be receiving an reward of roughly .6 daily..... however the reward is only half that at .3

[half idol]

and if it is flexible?

[cunning perch]

for flexible I think @manic spindle can be a better reference. Don't wanna mislead you 🙂

[manic spindle]

Flexible staking is 1.0 token weight. Full 52 weeks locking period is 2.0 and in between depends on the amount of weeks you choose below 52.

[half idol]

I see, so it basically is the weight. Thank you!

[queen horizon]

you do get 0.3

[manic spindle]

Yes, locking period affects your token weight which affects your rewards from Yield Farm and RevDis

[stone snow]

just reading through this and all, if someone would be so kind as to simplify what 1 ILV staked in the ILV pool would = in gas fees (whether that is daily or just per claim I do not know) and what I could gain via $ILV in a 52 week lock in? Also related - which pool does give ILV or would I have to do the aforementioned LP swap in the sushi pool to get ILV back?

[queen horizon]

ilv poolm 100%

you can play around on the site and see

[manic spindle]

No one can tell you what you get in 52 weeks because no one knows what the APY will be over time. Right now, when locked for 12 months, your APY in the ILV Pool would be ~108% so that would be your gain over a yeah IF it would remain stable the entire time.

Rewards can be claimed as ILV or sILV regardless of pool choice

Gas fees are fluctuating constantly, so those we cannot predict, sorry.

[final steppe]

Gas fees are going to vary all of the time depending on when you claim...

[stone snow]

yea sorry let me be specific - how often would i pay for a gas fee

im guessing its each time I can claim and i dont have to claim at a specific point right?

[manic spindle]

Up to you. You have to claim manually and you should only do so when there are enough rewards piled up to justify gas fees

[cunning perch]

or use the file I sent above

[final steppe]

You'll pay gas fees when you:

1. Stake tokens
2. Any time you claim Rewards
3. Unstake/Withdraw tokens

[stone snow]

i checked the file and had a brain aneurysm 😂

[cunning perch]

hahahahaha

[stone snow]

okay got it thanks! so the pool links are on here somewhere right?

[queen horizon]

yeah illuvium.io

[stone snow]

i regret not buying 10 ilv when it was at 30 during the dip but i was too concerned about my other holdings 😂

[final steppe]

https://staking.illuvium.io/

[cunning perch]

your regrets hurts me lol so painful I know

[queen horizon]

uuuffff

[stone snow]

yea im big on the ilv future but the crash had me concerned and gunshy, it happens

hopefully you guys just airdrop me some of that remaining ilv tokens 😂

sushi pool at 600% apy.... 🤔

[queen horizon]

yeah many opportunities in crypto

[tight torrent]

Question, if i claim 1lv is it going to be the value now that i am getting after vesting period?

[queen horizon]

yeah

[manic spindle]

When you claim 1 ILV it is 1 ILV and will have the price 1 ILV has when withdrawn 🙂

[cunning perch]

it will be equal to the price of ILV and will add to your weight and compund to your stake.

[tacit cedar]

OK, not sure if this has been answered, or if it's possible, but what happens if eth buys enough ILV that the treasury runs out?

[cunning perch]

like so much ETH is spent in game that it will end up draining ILV from LP?

[tacit cedar]

Essentially yeah. Let's say it's ten years and 5 games from now

[tight torrent]

Thanks Stormi, ethlost, Arash. So it compounds, meaning if i staked 1lv and claim 1lv rewards, it will add up to my 1lv staked? Forever??

[manic spindle]

I think the price would skyrocket too much for that to happen but even if - then we simply pay out ETH as RevDis directly or whatever alternative the council approves.

[manic spindle]

Claimed ILV rewards are yours, they are staked as well and can be withdrawn after 12 months, yes.

[tacit cedar]

Good point. The council would just approve a work around for rev distributions to continue. Thanks :)

[tight torrent]

Thanks Stormi. Are you the apex streamer? lol

[cunning perch]

Yeah as stormi said this will explode the price lol

[manic spindle]

No 🙂

[tacit cedar]

I guess the only way it happens is if the revenue slips under the radar. We expect x players week one but it's 1000 times that. The rev distribution is crazily more than we predict. But still, unlikely and work around are possible

[cunning perch]

yeah what you say is not imprbable. it might be possible, but by the time RevDis gets sooooooo high that would end up buying all the ILV in LP, I guess we'll have more circulating supply. It would be crazy to see after all the games, the Revenue end up buying all X million tokens from LP. the price of ILV will be Atomic then.

[tacit cedar]

It was just a thought experiment really, but glad it has a work around:)

[cunning perch]

yeah. evven if that happens and the Revenue ends up being more than all the ILV tokens, after buying all the ILVs, if there was still Rev left, they can distribute ETH I guess lol I wouldn't mind ETH too haha

[tacit cedar]

First world problems at that point, lol

[cunning perch]

yeah. lots of money Now what do we do with it 😄

[tacit cedar]

https://tenor.com/view/dave-chappelle-im-rich-bitch-autobattler-rpg-blockchain-gaming-gif-22427900

[brisk surge]

Hey, apologies if this has been asked before. I’m thinking about tax in the EU & have only just realised this could be tricky. How does everyone tend to keep on top of this? When you claim, take a note of the amount claimed & corresponding current ATH?

Looking through my vested I can see what I’ve claimed but not its value at the time

[manic spindle]

https://tenor.com/view/shopping-woman-mall-shop-til-you-drop-gif-19449457

[cunning perch]

@manic spindle the master of tax 🙂 that one is for you

[brisk surge]

*current price I meant not ATH

[manic spindle]

I'm gonna pay a shit ton of taxes in the future. I can only buy half of those purses 😄

[cunning perch]

haha. I hope it works out for you. doge as much as you can. Can you help @brisk surge with it? he has tax questions

[olive seal]

can someone explain me how does stake in works or send me something about it? I mean idk how can I earn with it and what kind of rewards can i get or how can I loose on it...

[manic spindle]

Not dodging anything 😄 #799010390201466880 message

[manic spindle]

I keep a list of transactions, yes. When I claim I keep note of amount, current ILV price, gas fees, etc. so I know what value I received and thus have to pay taxes on. You can always look at charts to determine prior days ILV prices if you need to backtrack something

[cunning perch]

wow that was intense typing lol

[brisk surge]

Ha @manic spindle reading that linked msg I can see you hodl for 1 year In Germany & then you don't have to pay tax... is that how it works in Germany? Maybe I should move haha

[brisk surge]

Thanks man

I hadn't thought of the gas price at the time either

[manic spindle]

You can check gas fees in your transactions on etherscan. And yes, in Germany you can sell tax free after holding for a year. If you used tokens for staking like here though that timeframe is 10 years instead. If you want to avoid taxes due to staking etc. do your due diligence 🙂

[abstract comet]

From what I understand, stakers in neither the ILV only pool nor the LP pool receive any kind of token in return, right? So this means it's not possible to transfer the stake to another wallet. If say you stake a large locked amount with one wallet address, you wouldn't have the flexibility to transfer a portion of that stake to another address.

Sorry, I think you misunderstand. I mean a "staking token." Of course you receive ILV rewards.

Like when you stake at sushiswap, you get an "LP token."

OK, good to know. I was thinking about staking from one address, and then in the future distributing as I saw fit to other addresses. But it looks like I need to stake from multiple addresses to begin with if I want my ILV staking diversified over multiple addresses.

[queen horizon]

Lets see if they change that stupid law

[abstract comet]

Usually if you're concerned about the security of your wallet, you'd just transfer all coins to another address right? Just wondering how that would work here. What if you're worried about your address while you're locked in a stake. Would it be a race against time against any malicious hackers for right when the stake unlocks?

[cunning perch]

I believe most people use a Cold Wallet and since Seeds are kinda the only way to access your wallet it's kinda improbable that any hacking can happen.

[abstract comet]

I mean sure...but things happen right? What if you lose your cold wallet at the airport? Again, the usual security measure is to transfer funds to a clean wallet ASAP.

[plain tundra]

Barnbridge BOND staking partner ?

[brisk surge]

@abstract comet It wouldn't really matter if you lost your cold wallet in an airport

[cunning perch]

COld wallet itself means nothing really. I can throw it in a crowd and no one can acess it since it is password protected and to access it they need my 24 seed words. so without it it's useless to them

[abstract comet]

https://blog.trezor.io/what-to-do-if-your-trezor-or-recovery-seed-goes-missing-2b3912d4d053

Proper security protocol is to move funds ASAP if your trezor is stolen.

[cunning perch]

well you should not lose your seeds at any cost.

[abstract comet]

ok, but just to clarify, once you stake from a wallet, you need to wait until the lockup period is over before you can transfer anything over to another address.

[exotic igloo]

Yes

[abstract comet]

thanks

[cunning perch]

what Rah said lol 🙂

[junior shuttle]

If it's a trezor, w/o a question move it out.

[silk meteor]

Guess I’ve become a small shrimp 😂

[brisk surge]

Ballers

casually cashing in 2500 a day

[stray hull]

So your token weight has to do with the distribution you receive for the treasury buying ILV??

[drifting shell]

10 every couple of days makes sense

the APY is quite high. I've essentially made more in reward than my og investment in ILV

[vivid ruin]

Isnt impermanent loss killing your profits? Or does the reward outweight that?

[twilit sky]

if i stake for example 1 ILV, and tomorrow i stake 1 more and next week stake 1 more... later when i claims my rewards, can i claim it all in one?

[sonic wolf]

Those who staked 100k USD 2 days ago, already lost 60k due to IL

[exotic igloo]

You can claim the rewards all at once yes

[sonic wolf]

yes

[exotic igloo]

But everytime you add to your stake, your are forced to claim rewards

[sonic wolf]

50k, not 60k

[terse valve]

will SLP token stakers be eligible for the in game transaction rewards as well?

[exotic igloo]

Yes

[lost dove]

YEs- it has the risk of dampening your gains if ILV was to moon. The pool will have to rebalance buy more ETH to keep it even so essentially you will have less ILV. That is not necessarily a bad problem, let's hope it moon. Conversely, if it goes down in value vs ETH u end up buying more ILV and softens the blow of a downswing. Overall, the main idea is that the APY will compensate you (more than compensate you) for IL.

[junior shuttle]

you cant do anything to it once its been "locked"

need to wait

[fading nexus]

Is there a problem with claiming? I can’t seem to claim my ILV at the moment.

[exotic igloo]

Are you getting failed transactions?

[fading nexus]

It says ‘U2F device ineligible’ while it isn’t the first time for me claiming with my ledger through metamask, and I changed literally nothing....

[exotic igloo]

Did you update your eth app

You need to go into settings and allow contract data in your eth app

Also in metamask disable the Ledger live bridge

Don't have ledger live opened

[fading nexus]

Not working. I didn’t change anything. Don’t understand a bit of it.

I’ll try tomorrow again. Off to bed now.

[wooden geyser]

when I claim rewards it prompts me to claim for both ILV and ILV-ETH. Is there a way to only claim ILV-ETH? I don't have enough staked in ILV for claiming to be worth it, but it prompts ILV first and won't go to ILV-ETH if I reject it

[languid dock]

I'm trying to stake but my transaction has failed 4 times already. Anyone know why?

[thin patrol]

not enough gas

[languid dock]

I have an eth in my wallet

That shouldn't be the problem

Would it be a problem if I already have some staking?

[thin patrol]

no

just put your gas limit up

[junior shuttle]

@wooden geyser no way around it

have to claim both if you want to claim the ilv-eth