🥩〕staking

[ember basalt]

it can also be argued that locking is a good thing for paper hands people like me

[dry heron]

Haha thanks for the tip !

[abstract comet]

I think an easy way to think about it is that rewards are all autostaked for the max 52 weeks at weight 2.

[urban verge]

when I claim back exchange SLP in sushiswap, how much ETH and ILV do i get back?

[candid tundra]

Can you stake multiple SLP in differing weights and still claim get proper rewards?

[eager rover]

Not sure what you mean by proper rewards, but yes you can stake multiple SLP in different weights.

[wheat kestrel]

Does anyone know about where we are on this chart?

[ruby wing]

Should be the 4th or 5th bar

its fortnite based

[candid plover]

We started July 1st so we should be 3rd bar. 4th bar in a few days.

[woeful knot]

and that option I guess hjas less rewards right? if so, how much % you get with that option

[ember basalt]

yeah the weight is 1x, if you lock for 1 year you get a weight of 2x.

[limpid tide]

Hi! just to confirm, after 52 weeks when I unstake my ILV/ETH if the value of ETH stays the same and ILV is valued 3x the price.. would I get the same value as the ETH on my ILV basically reduced quantity?or I would still get the same quantity even the values are not proportionate to 50/50?

[ember basalt]

you get impermanent loss

[woeful knot]

and how much is 1x haha, if I stake 10k for 1 year with the unlock option, how much I am suppose to get?

[limpid tide]

so lowered quantity of ILV to balance value of ETH right?

[ember basalt]

it depends on the APY, that one gets less the more people come into the staking pool. so look at the staking page in the site, you'll see thr APY there.

APY means Annual Percentage Yield

[ember basalt]

yes you get more eth back than ILV

[limpid tide]

Oh so higher value of ETH proportionate to the Value of ILV that I have, is it the same if ETH goes up and ILV goes down?

[ember basalt]

yes. I suggest you watch the video on finematics channel in youtube regarding impermanent loss. it was very helpful for me.

[limpid tide]

The yields are bonus for me, it's just now that I am curious about such things. I invested because I love the ''AAA'' concept and the game play mechanics'' (auto battler) been always a gamer before an investor 🙂 Thanks for the help!

[ember basalt]

yeah it's a new frontier in gaming and i'm loving it too

[candid plover]

You can see the apy for each pool on staking.Illuvium.Io. The values shown are if you lock for the full year so if u want to be unlocked the apy is half of that value.

[brisk socket]

how long are you guys locking stake for?

[manic spindle]

Personally for 12 months for 2.0 token weight for more Yield Farm and RevDis 🙂

[vague thistle]

a million years

[sinful pond]

What happens after the lock up period ends? Do you keep that stake at the same weight (2.0 etc)? Or does it drop to 1.0 weight and become flexible?

[cinder kettle]

it remains the same (2.0) as i can remember

[surreal thistle]

hey guys ! tiny shrimp here. I was wondering if there is a way to only claim my sushi stake and not the ilv pool stake. cause you know 60 gwei for 0.1 ILV .... but still want to concatenate my 1 ILV from the sushi pool!

[sinful pond]

That's really good if so!

[faint cairn]

Is there anyway to claim ILV from ONLY the Sushi LP pool with out claiming the rewards from the ILV pool

[final steppe]

Your tokens will keep the same weight they had when they were locked until they are withdrawn 🙂

[sinful pond]

Great, thanks!

[surreal thistle]

thanks for supporting the question 😅 hope it hasn't been answered 100 times already ....

[final steppe]

No, unfortunately not. Claiming SLP rewards will automatically claim ILV pool rewards as well. @faint cairn

[surreal thistle]

cheers, i'll try manually set up the gas to cancel the first transaction to a lvl that makes sense... see what happens!

[faint cairn]

Oh my, I totally didn't even see that you just asked the same question. Came in from a completely different conversation with a friend who is also into ILV staking at the moment.....just fired away my question with out looking

[surreal thistle]

ahah np, that's how great minds meet! (or not so great ones...)

although i don't know how many people asked for that, but i would really enjoy to claim each one separately. Since if you are not a whale it doesn't always make sense to claim both at the same time!

[faint cairn]

Yeah I agree, if possible would love to see that utility/functionality added. My Sushi LP rewards are in a claimable spot for me, but the ILV rewards are tiny right now lol

[surreal thistle]

So basically what i'm trying is that i set the first transaction (ILV pool) gas to 16 gwei and cancelled it for 25 gwei, so hopefully it gets cancels for 1.5$ instead of having the transaction pass for 40$. hopefully it will not stop the 2nd transaction (Sushi) to go through later on in the night

please guys, feel free to explain if that's a dumb move! 😄

[civic cypress]

Hello everyone, curious if you can stake ILV/ETH half as flexible and half tied up for 12 months. Having real trouble because after staking half my ILV/ETH it forces me to claim the rewards before staking the rest of the balance. Seems like you can’t do it half one way and half the other? I recognize you can do half staked ILV and half ILV/ETH. But trying to split just ILV/ETH into two stakes.

[copper dawn]

You must claim rewards when staking more. Simply claim your rewards while doing your second transaction. Go stake in the pool you wish, it will prompt you to claim the rewards before staking, then carry out the transaction.

[civic cypress]

Didn’t seem to work because they start earning right away again.

[violet crow]

whats the current apy on staking guys?

[hasty pier]

It’s always on the Illuvium website for staking

[copper dawn]

When staking new tokens to the pool, go to the pool you want, click "stake", it will ask if you want to be flexible for lock for X-weeks. Select what you want and the amount of tokens, then confirm. After, it will prompt you to claim your current rewards. Select ILV or sILV and confirm. Your wallet will open and you can accept the ETH transaction.

[left kestrel]

gas fees are crazy now...

[jolly lark]

In referance to the "Fortnightly yield over time" Yield-curve. How long does each bar last, and where are we now?

[brisk surge]

I believe each bar is one fortnight, not sure how many bars in we are

[jolly lark]

Fortnightly, I'm not familar with the term. I guess I could probably google that one

[brisk surge]

Period of 14 days

Not really a common term in America

[jolly lark]

Ah cool, thanks. 🙂

[vague thistle]

when you stake more, you are forced to claim rewards. Do you pay gas twice, one for the claim and one for the stake?

[neon iron]

Will I still get a badge reward for staking ilv? Or was this a limited promo

[gray egret]

Hi, do you guys know why it cost $50 to stake my SLP tokens in the staking page? I also spent $60 in fees providing liquidity to Sushi.

[tame plover]

Is it advisable to stake for 1 year? we wont need the ILV on game's official launch?

[drowsy wigeon]

you dont need ILV to play the game.

[tame plover]

thank you very much!

[gloomy gazelle]

Gas cost is determined by gwei and complexity of the transaction (limit).

[gloomy gazelle]

That is correct.

[final steppe]

Hey Blakki— badges were only received during the Balancer sale as a bonus. ILV purchases now will just get you the ILV

[neon iron]

Okay thank you, seems like these badges will be rare down the road👀!

[burnt saffron]

Is staking only for the big guns? Like if i had to stake 10 ILV is there any value in that? Or is this for people with 100's of ILV

[gloomy gazelle]

Yeah. It’s all about percentages and earning more than your gas fees. I mean even staking 1ILV should pay for your gas in the long run.

[slender ocean]

anyone know how many hours till axs pool ends?

[slender ocean]

found it

[ember basalt]

if you bought 10 ILV now and the price of each ILV goes up to like 1000, I'd say it's pretty value. plus all the rewards you're getting from staking.

[little grotto]

Quick question... I just got my first reward from staking in the ILV Pool. Do I have to claim by a certain time, or can I let it stack up for a few months and claim it all at once to save Gas fees?

[mint cave]

you can claim at your leisure

[little grotto]

Awesome

I was worried that it worked like Synthetix, and we only had 7 days to claim else lose it...

[viscid ferry]

Newbie here.. Can't make up my mind whether to stake in ILV or SLP pool.. Can anyone shed some light? 😂

[brisk surge]

IlV/ETH liquidity pool on the site shows me that i have a balance of 0 ILV
While ILV core staking shows me the correct balance of ILV.

known issue/solution?

[glass carbon]

You staked in both pools right?

[brisk surge]

Didnt stake anything now. Jut watched but i plan to do both yes

[glass carbon]

Oh ok the SLP pool requires you to have SLP tokens first. You get those by putting ILV and ETH into the liquidity pool on sushi. So you need to have either SLP or ILV for their respective pools

[brisk surge]

How do i put them on Sushi ?

[glass carbon]

On the swap page there's a tab that says liquidity

[brisk surge]

Oh ok

[glass carbon]

Actually look in #💰〕token there's a great video on everything about staking

[brisk surge]

Got to sushi swap than liquitiy pool and put them in there

Will watch 👍 thank you

[glass carbon]

Yeah basically. As long as you're sure you're set on SLP staking

[gloomy gazelle]

It’s pinned in here too

[brisk surge]

I know impernant loss thats why i split on both.
The video helped a lot 👍

[lime epoch]

Hi guys is it better to claim your ilv rewards early so that it will compound while it vested or wait for it to accumulate first? Whats the ideal amount before claiming?

[spring merlin]

What's the explanation for SLP APY increasing from low 600s to 660? Seems like the Total Value staked increased but maybe the Total LP tokens staked decreased?

[slender ocean]

ILV usd value has increased

[spring merlin]

Ahh, makes sense, thanks.

[glass carbon]

there is no ideal, you have to base it on your gas costs vs. claim amount. claim often=more compounding and more gas fee. claim infrequently=less compounding and less gas fee.

[hoary oar]

im trying to decide to stake in core pool or in sushi pool . any tips on what i should do?

[ornate cypress]

Go hard and so the sushi pool if u truly believe. If not then just get what's flexible so you can jump ship if that's what you want to do.

[gloomy gazelle]

Be aware that gas fees for the SLP are going to be 2x-3x what the other one is. Here’s a how to video… https://www.youtube.com/watch?v=C6YugU4zZr4

[quick veldt]

I do have a question in Staking...sorry im kinda new at staking...

Example Scenario:
1 got 1 ILV for $10
1 Stake my 1 ILV when it was $20
12 months later By the time i can withdraw my 1 ILV its now priced $5

Is Staking dependent on ups and downs of ILV price?

[hoary oar]

thx for the video i looked at it. apy is like 6x more on sushi pool. why wouldnt i stake there? i read a little about about impermanent loss but can the impernanent losses make it that you get less profit than staking in core with no impermanent loss? i tried goggling it but still not sure.

[gloomy gazelle]

It’s possible. But unlikely at the current apy. You cannot lose more ILV (or Eth) than the amount you initially put in. So once you earn more ilv than you put in you should be fine.

[quick veldt]

Thank you for this video!!! Very Helpfull!!! 😊👍👍👍

[gloomy gazelle]

So staking has very little to do with token price. In fact if you stake ILV and get rewards in ILV the value of the token doesn’t make any difference to how many ILV you earn as rewards.

The token values do make a difference in what the APY says for the SushiLP pool because the SLP token that gets staked is made of ETH/ILV. So as the SLP token price failed to keep up with ILV the apy continues to increase. But the amount of ILV being distributed would not change.

Token value does of course make a difference in your actual return on investment. The staking can give you more ILV but it doesn’t guarantee that you will have a higher total dollar value at the end of staking.

[brisk wraith]

Guys. I new to this staking thing and ive read the comments above but im still a bit confused. If ive got, lets say $2000 to mess around with, how should i stake/split it into ilv/slp?

[gloomy gazelle]

Have you watched the how to video pinned in here? It’s up to you what you do. Lots of options. What pool to stake in…. how long to lock… or stay flexible…

SLP pool will take more gas fees. And has higher risk. But it has higher rewards.

[brisk wraith]

Watching it right now. So if i decide SLP pool with a 52 week lock, its the highest risk but also potential to be highest reward?

Also staking has nothing to do with the game right?

[dense relic]

you can choose rewards in sILV but that's about it. Oh, and rev redistributions

[gloomy gazelle]

Not the gameplay. But sILV rewards can be used in game.

[brisk wraith]

Ahh i see. Do you guys have any recommendations on how to split your stakes? Or to go all in on one option?

[dense relic]

all up to you really. 1 has impermanent loss though. So...there's that.

[gloomy gazelle]

I won’t give recommendations. You must decide.

[brisk wraith]

Just wanna hear your guys personal take haha

[wispy nest]

hi! question, can i still claim the rewards while my stake is locked?

[manic spindle]

Yes 🙂

Claiming rewards has nothing to do with locking times of deposits

[wispy nest]

okay thank you, i thought i wasnt able to lock it because i could claim the rewards

[brisk wraith]

What does it mean by "impermanent loss"

[dense relic]

I personally think the core pool is the best just because the 700% apr should theoretically account for any IL you may run into, unless something horrible happens of course.

IL is when the ratio is drastically off at the end of the staking period, compared to beginning. The ratio needs to hold pretty stable to not run into IL, the farther away it is, the more IL there will be. But, if the IL is on the side of ILV because it's gone up so much, you're good, obviously.

[mint cave]

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

[woeful knot]

Hello, I can to stake my ILV but with the unlock option, I am on the website but I am not really sure where to go and how it really works

[gloomy gazelle]

Watch this https://www.youtube.com/watch?v=C6YugU4zZr4

[woeful knot]

I saw the video, thanks. Now I still not sure the diferrence between staking in ILV or in sushiswap. I understand that the shushi lp pool gives 6 times more rewars than the ILV?

[manic spindle]

Currently yes. APY could change though for both pools at any time. Also, Sushi LP comes with the risk of Impermanent Loss.

[woeful knot]

OH okay, and what has to happen for an impermanent loss to happen? is it a common thing?

[mint cave]

there is an impermanent loss article linked a few messages above

[manic spindle]

Please take a look at this. IL is a topic that needs to be understood by more than a few chat answers 🙂

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

[woeful knot]

Thank you. so I as as I see it is quite possible for a impermanente loss, which is no good haha

[brisk wraith]

Is there a beneift to "claim" the rewards from your locked stake pool? Or is it better to just leave it in there until the game releases/lock period ends

[hasty pier]

You can reinvest the claimed rewards to compound them but it’s only worth it for a large amount at a time because of gas fees

[brisk wraith]

But when you reinvest, you would have to lock again for 12 months? + pay fees

[hasty pier]

Not entirely sure but I believe you could make it flexible or locked just like if you decide to stake more ILV after you already have some staked

[brisk wraith]

Would it be worth it for an initial stake of $2000 ?

[cyan rampart]

Claimed rewards are locked for a 12 month vesting period, during which they collect rewards at a 2x weight.

So claiming, for example, 5 ILV as rewards is defnitely worth it if you're 1 month into a long stake.

You can't get around the 12 month vesting period on rewards either, and the vesting period starts when you claim rewards, so you technically get your rewards sooner by claiming them sooner.

[brisk wraith]

Can you give a more specific example? I dont follow 😅

[cyan rampart]

I thought that was pretty specific.

This is all hypothetical and the numbers don't matter, but as an example:

[brisk wraith]

Haha sorry im new to this 😓

[cyan rampart]

I stake 5 ILV, after 3 months I have 1 ILV of rewards and want to claim it. I claim it (and pay gas for the transaction), and the 1 ILV is then subject to 12 months of vesting from that point onwards. That means it's now collecting it's own rewards (so I have 6 ILV worth collecting rewards total) and the 1 ILV will collect rewards the same as any other ILV staked for 12 months will at a 2x weight.

You don't have an option whether your rewards lock for 12 months, that's the way the system is built.

[brisk wraith]

So you can claim the rewards but you cant withdraw until the end of the lock period?

[cyan rampart]

From the time you claim rewards, 12 months will pass before you actually have the rewards in your hands.

But they will collect their own rewards during that time period.

[brisk wraith]

Ahh i see. And by claiming the rewards, your basically reinvesting the money you get.

[cyan rampart]

Yes exactly - The takeaway here is that you should claim your rewards as early as gas prices allow without losing large chunks of your rewards to gas.

[brisk wraith]

So best way is to keep an eye on how much the rewards are, then to claim them when theyve just reached above the gas price?

[cyan rampart]

Well if gas is $60 and my rewards are $60, I lose my rewards to gas 100%.
I'd much prefer to lose 5-10% of my rewards to gas at a maximum. Less if possible.

So if gas fees are $30, I'm looking to claim when my rewards are $300+. That's not advice, that's just how much I'm willing to spend on gas to claim rewards. You'll have to decide that for yourself.

[deft wadi]

When you claim your rewards it will become vested which will take 52 weeks to actually remove it. It will still count towards your rewards while it's in the vested stage

[steady trellis]

https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507

it's in there @brisk wraith

[brisk wraith]

Thanks for the help guys

[deft wadi]

I had to read a few times to get it

[steady trellis]

I've a question though. Any of you know any "simulation" on potential earnings ? I saw that 100% of the revenu goes to the vault, and 5% of all player-to-player transaction. Is there any simulation made from Illuvium team on this ? To see something like 100k player we expect 10M revenu and 10M exchanged between player so 500k to the vault ?

So that 10.5M to give back to the ILV owner, with 5M ILV in the stacking that's 2.1$ per ILV ? Something like that

[woeful knot]

I read it but still have a lot of questiosn, and direct example would help a lot. So lets say I stake 100 ILV in sushiswap and the price of ILV goes 5x up, how much would be my permanent lost?

[cyan rampart]

People discussed potential revenue distribution scenarios earlier in #💰〕token .

At the end of the day, it depends on a lot of factors, but revenue distribution could reasonably reach the $10/week per token level if things go well. If things go REALLY well, it could be higher.

I'm not aware of anyone doing in-depth simulations though, it's possible the team has looked at that kind of thing in-house.

[steady trellis]

Maybe a question for the ask-us

[cyan rampart]

@woeful knot https://www.youtube.com/watch?v=8XJ1MSTEuU0&ab_channel=Finematics

Your IL depends on the ratio between the 2 coins you're providing for liquidity. So you can't look at a single coin in isolation unless you can guarantee the other coin will be stable. Unfortunately, most coins are not that stable.

[woeful knot]

right, bur what would happen if I stake now 100 ILV and the price of ILV goes 5x up and ETH 2x up, how bad that would be for me?

[cyan rampart]

IL examples get complicated pretty quickly.

Lets say there are 2 theoretical coins, coin 1 is worth $10 USD, coin 2 is worth $1 USD.

You stake $20 into a liquidity pool, which is 1x coin 1 and 10x coin 2.

During your stake, coin 2 increases in price to $10 per coin.

When you go to withdraw your coins, you only get $20 of coins back in equal USD value (1x coin 1, 1x coin 2), so you've now lost $90 based on your initial investment. Hopefully that is offset by the APY provided, but probably not.

The worst cases of IL are when one coins goes absolutely to the moon while you're staking, and the other coin doesn't increase.

[candid plover]

A real life example. I’ve been in the LP since it started. ilV has gone up 5-6x. ETH has gone up about 1.5x. I have about half ILV that I started with and have doubled the amount of ETH I started with it.

[brisk wraith]

When you decide to vest, is it part of the 12 month lock you initially put in or is it a fresh 12 month lock from the time you vested?

[sullen temple]

This is a great resource for calculating hypothetical IL scenarios....
https://dailydefi.org/tools/impermanent-loss-calculator/

[woeful knot]

oh so you do lose your own ILV that you started with? I though you only lose the potential gains but no your initial ILV that you staked at first time

[candid plover]

Yes the balance between ILV and ETH is constantly rebalancing depending on their prices. To offset this risk participating in the LP yields more ILV tokens than staking ILV by itself.

[brisk wraith]

Can someone confirm this 😅

[candid plover]

12 months from when you claim

[woeful knot]

so basically if I stake 100 ILV, and tomorrow ETH price doubles and ILV price goes 5x up. I could for example lost 50 ILV

[candid plover]

Something like that and doubled the amount of ETH you have approx. you would still have profited but would have made more profits if you had not joined the Lp.

[brisk wraith]

So for an example.
I start staking tomorrow, locked in for 12 months.
3 months later i claim the rewards and they get vested
I would then have to wait another 12 months in order to recieve the full rewards (without claiming during the 12 months)

[left kestrel]

you can claim rewards whenever you want (minimum 0,01 ILV) as soon as you claim it gets vested and locked from withdrawal for 12 months.

[candid plover]

Yeah. Rewards won’t unlock until 12 months after you claim the rewards.

[wanton nova]

to offset this risk the apy is so high

[brisk wraith]

Whats t he worst case scenario you guys think? Is it possible to have a negative?

[junior shuttle]

negative what? Balance?

[honest wraith]

Negative would be both ETH and ILV crashing

[junior shuttle]

you cant get negative. Worst case is 0.

[left kestrel]

not negative, but total lost (=0) if the project crashes, what is unlikly from my point of view

[junior shuttle]

and that is theoretical. Nobody sells for nothing. You wont even reach 0.

[woeful knot]

so basically if ILV goes 5x up, it is better to not stake in the LP right?

[junior shuttle]

Worst case is both assets crashing. So whatever both assets are worth after crash + the pool weight of those assets would be your risk/loss

[wanton nova]

noone can 'answer' this but to offset the risk of impermanent loss the apy is so high. Say ILV skyrockets and ETH does not. When you pull out of the LP you get fewer ILV which is said. But as rewards for staking the LP you get ILV as reward. So you might end up with more ILV anyway. No financial advice

[candid plover]

So far the yield has been good enough to make up for ILVs crazy price action but it is less now than it was at the beginning as far as ILV coins yielded. But yeah you run that risk in the LP. If you think ILV will continue to outperform ETH at this pace then staking ILV by itself is prrrrobably the best route for you. You need to weigh these risks on your own tho

[junior shuttle]

also you would need to consider how long you will lock for.

[candid plover]

Several people including myself put some in single staking and also put some in the LP. You have to pay a gas fee to stake/unstake them separately tho.

[woeful knot]

Thanks everyone for your help!

[deft wadi]

Basically do it if you think the fees you earn will outperform just holding the coin. Thats the downside of the LP pool. If you think ILV will out perform ETH by a lot then the ILV staking pool is the way to go. Of course you can just split and do both pools if you want both bases covered

[woeful knot]

thanks

[deft wadi]

You always end up with more of the under performing coin in an LP so usually wanna do it with things you are good with holding after you exit your position

[woeful knot]

Thanks. So if I stake it ILV itself with the flexible option, the est apy is 47 and the locked option has 99% basically the locked option has double APY, am I right?

[deft wadi]

Yes but your ILV will also be weighted as 2.0 so more rewards for redistribution

[viscid ferry]

Nobody seems to mention about the 0.25% transaction fee earned by LP provider.. Won't that be enough to compensate for the IL?

[deft wadi]

That's a given since you're doing LP

Those fees should be really nice when the game launches and people use the pool much more

[cyan rampart]

I think ILV will actually change hands LESS once people start to realize that revenue distribution is REALLY good.

[deft wadi]

People will need to switch to ETH to cash out and buy in. Only way it would be less is if people stop demanding ILV which its very unlikely to happen

[cyan rampart]

True, I suppose if you're looking to cash out your returns you'll have to swap to ETH. That's a fair point.

I kind of intend to stack ILV long term though, I think what the team is building has long term potential and I'll be hodling!

[deft wadi]

There will definitely be a lot of people HODLing. But there will always be more traders moving in as the total market cap grows

[manic spindle]

I think it is inevitable for ILV to be listed on major Tier 1 CEXs as well and when that happens you might be able to cash out without swapping for ETH or whatnot first. Currently, I probably would go the ILV => ETH => FIAT route as well when it comes to cashing out staking rewards 🙂

[digital kindle]

Stormi, a question about RevDis: I understand that pool weight is not relevant to RevDis, but token weight is. Do you know what weight is assigned to Pre Seed/Seed/Team/Treasury tokens ?

[manic spindle]

I don't, no. I would expect 2.0 since they are locked like staking rewards and only unlock over 12 months starting end of March 2022, but maybe @median canyon is willing to clarify this 🙂

[digital kindle]

If it's 2.0, I'm afraid it'd lead to a big concentration of the RevDis towards them, especially since the YF tokens are distributed over three years

[manic spindle]

Well, I think it's only fair if it is 2.0 to be honest. They have 0 chance to influence it themselves as long as the tokens are locked while everyone else can simply decide to just get 2.0 themselves already. And don't forget that Team/Seed tokens already have been excluded from Yield Farm rewards via staking until they unlock and it's especially the first year where the majority of those are paid out.

[median canyon]

It's a bit like asking what is north of the north pole. It doesn't actually make sense.

I'll try to explain. With distributions from the vault, we first check how many tokens are in each of the pools and we split the revenue based on that. (This is what we mean when we say that the pool weight doesn't matter)

Then INSIDE each pool we look at the token weight and distribute the revenue accordingly. But EVERYONE in the seed / team pool is in the exact same situation so it doesn't matter what the token weight is. You could have a token weight of 9000 each, and it wouldn't matter. The formula that describes this makes it very obvious why that is the case.

So the answer is that the token weight is only relevant in a pool where the token weight can be different between batches. Since the team / seed cannot be so, it is irrelevant.

An interesting side effect of this is that it means that the average weight of the seed / team is exactly 2, but that doesn't have any impact at all. So the batches in the other two pools get a slight bonus in comparison, based on the difference between 2.0 and the average batch weight of the pool.

Hopefully that all makes sense.

[manic spindle]

That makes sense, yes. It also shows that RevDis is paid out slightly different from what I expected, so good to know. Thanks, Aaron! 🙂

[digital kindle]

Thanks Aaron, this gives a much clearer view of the RevDis! I'd say worth a pin :)

[digital kindle]

It will also incentivise seed / team to stake and lock 12 months to get a 2.0 weight in the Core pools in March 2022

[manic spindle]

Correct 🙂

[potent flare]

im having difficulty in understand the difference between pool weight and the token weight

[manic spindle]

Pool weight = How much is paid out to stakes in each pool. For Yield Farm rewards for example it is 0.2 for ILV and 0.8 for LP. This means that if the total amount of ILV rewards paid out at any time, 80% of those go to LP and 20% to ILV.

Token weight = How much does every individual token count in calculations. At 2.0 token weight you basically "own" double the amount of ILV compared to what you actually hold when it comes to calculating how big of a share you hold in that pool.

[potent flare]

ohh i see, thanks!

[modern comet]

if I do stake locked 12 months
example month 8 stake 10ilv
month 9 stake 10ilv
month 10 stake 5 ilv
and month 11 I claim the total reward
is the cost of gas only 1x? or 3x the cost of gas?
because I claimed the prize on all 3 locked ILV stakes

[manic spindle]

Regardless of how many deposits you make or in how many pools you stake, claiming your yield farm rewards will always be done once at a time for all deposits in one pool. This means that you have one yield farm rewards pile per pool where your rewards pile up from all deposits until you claim 🙂

[cyan rampart]

You'd pay gas for each initial stake, your claim would just be single gas though.

I believe ILV and SLP are seperate reward pools though, so if you split between those you'd be looking at 2x gas for claiming.

[modern comet]

awesome, i plan to stake every month, money from my salary, i stake to ilv

[manic spindle]

This is correct, yes. But when claiming rewards from LP pool, you always have 2 transactions nontheless because your claimed rewards always land in the ILV pool and claiming LP rewards claims automatically also ILV pool rewards. That's not the case the other way around 🙂

[cyan rampart]

Oof, even if you're not staked in the ILV pool?

[manic spindle]

As soon as you claimed LP rewards once, you are staked in the ILV pool because your rewards are staked there 🙂

[cyan rampart]

Oh right, that makes sense haha
Staked in ILV via having any rewards at all.

[median canyon]

Ideally we would have it work slightly differently, but because it was only a small percentage change in favor of the main pools we decided to go with the simpler solution.

[candid plover]

That seems like a lot more than a small percentage change than if you took weights into consideration before distributing to the different pools or am I misunderstanding?

[cyan rampart]

I think he was referring to the fact that 12 month stakes in the main pool get slightly more returns than the team/founders pool because the main pool contains stakes that are NOT locked for 12 months.

So if there was $1k to distribute, and 500 tokens in founders pool and 500 tokens in main pool, founders each get $1, but anyone staked for 12 months in the main pool gets slightly OVER $1, while anyone staked for under 12 months gets slightly less than $1.

Meaning that 12 month stakes in the main pool are slightly more valuable than the founders pool because of the spread of stake durations.

[candid plover]

Hm i getcha. Just seems like if they were given the 2x weight before pool distribution it would actually be pretty significant but ofc that depends on the locked amount/duration in other pools. Either way I’m not complaining lol

[median canyon]

The most common weight in the pools is 2.0. So it's not as large as what you think.

[candid plover]

Gotcha. Thx

[cunning perch]

@magic ledge ETH/ILV pool has a higher APY and therefore gives you more rewards, but runs the risk of IL (Impermanent Loss). To understand it, please make sure you read this carefully https://academy.binance.com/en/articles/impermanent-loss-explained

[magic ledge]

Sure I will but how do I control the loss. Is their a way and where can u read about how to enter the pool. Do I need to buy eth or ilv off market?

[cunning perch]

yes, you can read all the **mediums **regarding staking in #🔗〕helpful-links after reading them and understanding what IL is (link above) make sure you ask any questions you have and we'll be happy to help you

[magic ledge]

Thanks

[sly temple]

can you stak SLP in both Flex and locked from same wallet?

[cunning perch]

I think you should be able to that. Haven't done it personally, though

[sly temple]

Will have a go and see if it works😅

[cunning perch]

watch the gas though.

[prisma juniper]

Yeah, you should be able to do that.

[sly temple]

Not so bad today,hopefully no new NFTs beeing mintet the next hour..

[cunning perch]

well it's still high unless you plan to put lots of ILV or SLP in the pools

[sly temple]

its a decent amount,not to concerned abot the Gas,will be locked for a year

[cunning perch]

well. If you're ready for it I bid you welcome 🙂

[sly temple]

i was on the IDO back in march,got my Genesis Nft ready to go later this year:=) but thank you

[analog garden]

how to get SUSHI LP?

[cunning perch]

by staking ETH + ILV in the Sushi Liquidity Pool

[queen garden]

hey lads. is there a minimum yield for core pools? it is constantly declining and i wonder if there is a minimum cap

[quick veldt]

Thanks!!! I Get it now! 😊👍

[cunning perch]

you can add whatever ILV you have if that's what your asking. there is no minimum in ILV really

[queen garden]

Thanks but i mean minimum APY. the APY is constantly declining and i wonder if there is a minimum APY

[quick veldt]

I do have 1 more question tho, If I stake ILV for 12 Months, that means I can take it out yet right? But can I still Add more ILV to stake?

[cunning perch]

send me a DM I'll forward something to you.

[cunning perch]

You stake ILV for one year, It'll stay locked for one year and then you can unstake/withdraw if you wish. you can add as many ILV stake as you want and lock them however long you want.

[quick veldt]

Thanks! Got it! 😊👍

[cunning perch]

no worries 🙂

[brisk wraith]

Question guys.
Let’s say I claim 3 months in (call this claim A) and my reward is vested for 12 months. Then another 3 months later, I claim again (this time claim B) and that reward gets vested another 12 months. Will I be able to obtain my rewards from claim A after 12 months of claiming the initial time or is it going to be part of the 12 months when I claimed during claim B?

Sorry if it’s a bit confusing 😂😅

[manic spindle]

12 months from claiming each individual batch 🙂 It isn't prolonged by a new claim.

[cunning perch]

when you claim, your claimed rewards will have their own one-year lock. So, after a year, you can withdraw the unlocked ones

[brisk wraith]

Okay so your initial claim doesn’t get added onto a new 12 month vesting lock time?

[quick veldt]

Base from Arash's response I think yeah they are a separate batch...

[cunning perch]

when you add your stake for 12 month, it'll stay locked for 12 months. your rewards will also be locked for 12 months after you claim them

[manic spindle]

No. 12 months from claiming A it is unlocked. 12 months from claiming B it is unlocked.

[brisk wraith]

🤗 thanks for the clarification.

[cunning perch]

no worries 🙂

[bold viper]

Can someones tell me once again how to get the token needed for the liquidity pool?

I have not recieved SLP tokens

[manic spindle]

Providing liquidity for ILV is done via an ILV/ETH Pool on SushiSwap and requires a few different steps compared to staking only ILV. These steps are the following:

• You acquire a 50/50 ratio of both ILV and ETH (in $)
• You go to: https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E
• After approving the contract (if this is your first interaction with it), you stake your 50/50 ratio of ETH and ILV in the pool
• You receive SLP tokens (To see them, add the SLP contract address to your wallet: 0x6a091a3406e0073c3cd6340122143009adac0eda)
• You go to: https://staking.illuvium.io/staking/core
• You can now stake your SLP Tokens in the Sushi LP pool just like ILV is staked in the ILV pool.

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

[bold viper]

Yes, I have provided the liquidity through that link

but no slp token?

[manic spindle]

Have you added the token to your wallet, like written in my message? Are you sure you didn't only approve the contract and are still sitting with the ETH/ILV in your wallet and need to swap one more time now?

[bold viper]

nevermind!

I got it! Ahhh nice

[ruby topaz]

I would just like to clarify about impermanent loss. Basically impermanent loss just means that there is a chance whatever yield I got for LP might actually be lesser then if I hodl the coin as it is. The difference is the impermanent loss am I correct?

[austere cliff]

Does sushiswap have an auto convert to LP function? Or do you have to calculate it manually? For example, if i hold 0.5eth in my wallet and plan to provide liquidity for ILV/ETH, is there anyway i can just key in my max amount and it will apportion and swap the correct amount based on my available balance? Just wondering because last time I couldnt figure it out and had to find another website that did it for me. Sorry am very new into the crypto world, so my knowledge isnt there yet.

[cunning perch]

there is a possibility, That's why you get more rewards to compensate your loss.

[digital kindle]

You can use Zapper to do this, sushiswap doesn't auto convert as far as I know

[austere cliff]

Nice, thanks, was hoping there was a way to do it in sushiswap itself. But I guess ill use zapper again.

[brisk surge]

is it worth double side staking if i believe that ilv will go up and eth going up too ?

[cunning perch]

if you mean SLP, then you get more rewards for it. That's a risk you have to take if you plan on doing that

[brisk surge]

yes right, but what kind of risk? is there a risk if i believe that ilv and eth going up ?

[cunning perch]

the risk will be IL (Impermenant Loss). In short it means: If ILV pumps a lot more than ETH, you will end up with more ETH as the pool will sell your ILV and buy more ETH to keep the balance.

[ruby topaz]

Got it. Thx!

[cunning perch]

no worries 🙂

[languid pine]

Good morning peps, I would like to thank everyone who pitch in helping me understand more and more about this "environment" [:

[cunning perch]

hey. glad to hear it 🙂

[brisk surge]

damn so if i say ilv goes 3000$ and eth stays 3000$ its not worth to use that pool?

like i dont rly understand the ratio of loss, if i still keep 150% of ilv then its fine

[mint cave]

check this out

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

[cunning perch]

If ILV jumps to 3k while ETH stops at 3k you'll suffer IL ofc. Be advised that no coin can make that much jump in a day. It will take a while and you are being compensated by higher rewards

[mint cave]

mess around with values, calculate how much you'll get in your LP pool over time, etc.

[cunning perch]

Thx @mint cave for sharing that

[brisk surge]

amazing thanks!

so if my apy is 650% and impernanent loss 37% we if thats the outcome after 1 year ... i take 37% away from 650% apy?

also my last question, doi only realize the impermanent loss when i withdraw from the pool and if it goes back to normal or eth keep raising later the loss is less ?

[median canyon]

Be careful with subtraction. You're looking for multiplication.

[languid pine]

👀

[mint cave]

IL is only made "permanent" when you convert the sushi LP tokens back into ILV and ETH

[manic spindle]

IL does impact your RevDis though even without withdrawing since you gain RevDis according to the ILV you hold.

[vivid ruin]

I am doing 25% of the kapital i have in ilv project as LP, this way i sort of mitigate risk. This is also an option to consider..

[ruby topaz]

Ah. I think I understand better now. So if my aim is ILV so it’s actually more beneficial to me for eth to increase in price faster than ILV’s increase??

And IL is only applicable to those we staked in Sushi LP right? The ILV rewards we claimed that are staked back into the solo pool will be separated by our LP and won’t be subjected to IL?

[manic spindle]

Claimed ILV as yield farm rewards are not affected by any IL, correct 🙂

[vivid ruin]

Also an option to consider 🙂

[midnight eagle]

Hey guys, can I use my iILV to buy shards?

[full sedge]

only ETH

[midnight eagle]

That's what I meant, sorry 🙂

[median canyon]

So a really simplistic calculation that isn't perfectly accurate would be:

(1+6.5) * (1-0.37) = 4.725
If my math is correct.

[manic spindle]

You cannot use sILV to buy shards. Shards are gathered in the Overworld and then cured. Curing them costs a fee and that you can pay with both ETH or sILV, yes. Buying shards though can only be done from other players and the IlluviDEX (marketplace) is ETH only 🙂

[tawny lagoon]

Hi! do u guys know how much is the gas fee for unstaking AXS? I have 49 AXS to unstake...

[brisk surge]

when i add 50 / 50 slp, APY is on the total amount i added right ? if i added 5k eth 5k ilv its 650% on 10k ?

[fast crest]

Does stake ilv only cost an gas fee, too :-)?

[tawny lagoon]

iirc, there;s no gas required to stake. UNSTAKING required gas tho :c

[fast crest]

Okay thanks, not that i swap all ETH to IlV and cant stake them xD

[gloomy gazelle]

This is not correct. Every transaction has a gas fee

[gloomy gazelle]

The APY is on the current value of your staked SLP tokens. The amount of eth/ilv in each SLP is variable due to impermanent loss

[gloomy gazelle]

You will need some eth in your wallet to do staking and claiming and eventually withdrawing transactions.

[gloomy gazelle]

It is variable. Gwei X gas limit (which depends on complexity of the transaction) Also there will be more than one transaction needed to withdraw. You must follow the instructions given in the staking interface. This video covers it well. https://www.youtube.com/watch?v=C6YugU4zZr4

[fast crest]

Thanks :-)

[ornate cypress]

So impermanent loss only happens if the price of eth or ilv goes below what it is when we first put it in? Trying to wrap my head around this

[eager rover]

You can use this to look at how IL affects your pool. https://dailydefi.org/tools/impermanent-loss-calculator/ IL happens when ETH or ILV deviates from the price you put in.

Up or down

[cyan rampart]

IL is confusing if you don't understand how liquidity pools work.

You put in a USD equivalent amount of funds, split between 2 tokens. At the end you get out the same USD equivalent amount of funds, split between 2 tokens.

Between the time you put your tokens in, and take them out, the price can change. The liquidity pool will automatically balance itself so it maintains the same dollar value amount of each token (because after all, the purpose of a LP is to provide liquidity, and it's not doing that if it doesn't have USD equivalent amounts of each token).

IL happens when one or both of the tokens you put in change price at different rates relative to each other.

So if ILV goes way up and ETH stays the same, you're still getting the dollar value you put in back, but you're not realizing the potential gains if, for example, ILV goes up by a lot.

[ornate cypress]

Yeah forget that then.

So the purpose of that pool is just to get the rewards

[eager rover]

It gives the DAO liquidity, which is very important for a project.

[cyan rampart]

It also generally has excellent APY returns to offset your risk. ETH and ILV tend to move together, but aren't guaranteed to. Totally up to you how you wanna stake.

[severe hinge]

In staking, can rewards be taken partially? Say, half for ILV and another half for sILV?

[brisk surge]

I don’t think so. I think you must claim the full reward...which is why many claim weekly/monthly

[ornate cypress]

If you expect price to go up isn't it better to just hodl or do the regular stake. Or is it worth it to put in sushi to get the rewards.

[brisk surge]

Claiming regularly also allows your rewards to compound if you’re claiming ILV

[cyan rampart]

Correct, you can't partially claim rewards.

You can however set yourself up to claim ILV rewards early, and claim sILV rewards when we have a release date, which is what I'm planning to do.

[halcyon pier]

Hi fellows. Is there anyone know how to unstaking the AXS flash pool?

[manic spindle]

You can unstack under "Vesting" 🙂

[halcyon pier]

ty ser

[brisk surge]

Guys if you bought more ILV and stake it for normal ILV staking then you have to claim rewards and the you can stake more right?

Claiming rewards will be gass fess and also stake more again right?

@brisk surge Currently when you claim your ILV regardless if you choose ILV only or ILV/ETH you will have two transactions to claim those rewards and then it automatically goes into the single pool and compounds.

So 3x gass fees until i staked more ?

[brisk surge]

Only two gas fees depending on what the price is of those since it's two separate transactions.

[severe hinge]

Ive staked and locked for 12 months, but im planning to add more and want to just stake it for shorter period, would that be possible? Or it would just add up to the 12 months period?

[brisk surge]

Yes you can choose a different timelock and your rewards would be subject to a 12 month vesting period were those are locked

[manic spindle]

Every deposit is staked for itself. You can just add a new deposit and stake it less than 12 months or not lock at all 🙂

[copper dawn]

You can stake as many times as you'd like. Every time you stake more tokens you specify the locked/flexible option you want. You will see all your staked transactions under the "Vesting" tab

[wanton nova]

Hey guys,

I like fooling around in R and wanted to create a shiny app since forever. With the app one can visualize the fortnightly APY% decay and how reward claiming and gas fees for reward claiming influence the overall yield for a given time. This is something I did to learn shiny but maybe it might bring some entertainment so others as well. That’s why I’m posting it. Please read the disclaimer first to understand that the app is not intended as financial advice and uses assumptions to extrapolate. Anyways here it is: https://cooper1903.shinyapps.io/stakingyield/ Source code can be found here: https://github.com/cooper1903/ILV-ETH-Staking-Explorer/blob/main/shiny_ilveth_reward_explorer.R I hope that this it useful for someone. Feel free to DM me if you have questions or feedback. The appearance of the plot might be adjusted the next days.

[brisk surge]

Sounds awesome I'll check it out!

[brisk surge]

thanks! actually really helpful, appreciate it

[wanton nova]

It works when clicking the first link, right? Thanks

[brisk surge]

yep! messing about with it now

[terse tangle]

Hey guys, I did stake in two different times, with two different %APY, but in the staking website/rewards I can only see the total pending rewards for the last one (the smallest one). However in the vesting page I can see a total reward. Is there sny option to see the profit of each stake individually?

[manic spindle]

The APY at the time of your deposit is not the APY you keep forever. If it changes (up or down) this happens for anything you've staked in a particular pool so far. Rewards pile up per pool. So if you have 10 individual deposits in one particular pool, regardless of their individual locking periods or the APY at the time of their deposit, they accumulate one batch of rewards according to the APY at any given time 🙂

[terse tangle]

Lol, that make sense (as all the stakes and APYs of other coins do) facepalm... Thanks a lot for the clarification!

[iron crater]

Is it worth staking only 100-200dollars considering the gas fees?

[manic spindle]

In general, it could be worth it depending on for how long you plan to hold. At current gas prices I personally wouldn't do it though.

[austere sail]

And with the current market prices. We have not seen a solid pullback yet which is inevitable in healthy market even if its bullish
Otherwise we can drop down massively if we continue growing such way

[iron crater]

What in your opinion is the least amount needed to be worth it?

The plan would be holding for 12 months

[hasty pier]

Personally I wouldn’t stake less than 1 ILV, but $200 could still be profitable if you do it when gas fees are low. Just remember there’s gas fees taking it out too

[iron crater]

Thanks guys

[ornate cypress]

Just locked up 50 ILV for a year... now I pray 🙏

[manic spindle]

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

[silver lantern]

Hey guys, do i need to claim my rewards for them to be counted for staking or does it take into account your unclaimed rewards automatically? For instance, if i stake 20 ilv, and i have 2 ilv of unclaimed rewards. Does those 2 count towards my total stake so it's 22 now or do i have to claim it for it to be in vesting first ?

[manic spindle]

Only claimed ILV rewards begin their 12 months locking period and are staked for compounding 🙂

[brisk wraith]

If you decide to stake in the eth/ilv pool would that have to be 1 ilv and the same amount in usd in eth as well?

[ornate cypress]

When you say staked for compounding does that mean whatever ILV rewards are vested, also accumulate rewards that get vested automatically and compound until 52 weeks is up? If so how often does it compound, daily weekly

[woeful knot]

I understaend that if I stake my ILV with the locked option I get double of APY, but what does that mean to get double of weight too? what weight means

[glass carbon]

yes 1:1 ratio (in USD value)

[muted helm]

Seems no matter what I choose for my subsequent staking, flexible or locked, time period, it still asks me to claim the rewards from before, gas’s fee which is like 10 times of my reward…..

[glass carbon]

it does compound but you have to claim yourself when you feel it is a good time considering gas fees.

[glass carbon]

it means you'll receive rewards as if you had double the tokens you do. so if you lock 5 tokens for the full 52 weeks you'll get the same rewards as 10 tokens unlocked

[hasty pier]

Yes

[glass carbon]

yeah unfortunately you need to clear your rewards pool before staking more

[brisk wraith]

So as you said earlier. Personally you would not invest less than 200. If it’s the eth/ilv pool then you wouldn’t invest less than 200 or 400?

[woeful knot]

so if I lock 10k for 52 weeks, I should get at the end 10k in rewards? so double

[muted helm]

😩😩😩😩😩 now I don’t know what to do with the ILV I newly acquired, lol

[glass carbon]

no that's apy. it's different than weight.

[hasty pier]

Personally I’m only staking in the ILV pool because I don’t fully understand impermanent loss and I think ILV will grow much more than eth, but I would probably use at least one ILV and equivalent eth, so around $750 total to stake in the LP pool

[glass carbon]

10k for 52 weeks rewards=20k for 0weeks rewards

this is not related to how much your $ grows only the proportion of rewards you get

[brisk wraith]

So the best case scenario for Eth/Ilv pool is if both coins go to the moon?

[hasty pier]

I believe so

[slate hatch]

So, AXS token stacking finishes in 11 hours, right? According to this - https://etherscan.io/block/countdown/13001852

[ornate cypress]

No I think there is still impermanent loss, I used a calculator and did just that and it still shows a loss

[brisk wraith]

Ahh that’s interesting.
Makes me wonder in which to invest in more now…

[cyan rampart]

If both coins go up by equal percentages, there is no IL.

[ornate cypress]

Yeah idk about eth going up 13x

[cyan rampart]

It's a fairly simple concept, if the coins don't chance in price relative to each other, you won't have much IL. That can mean they both go down by the same percentage, up by the same percentage, or stay the same.

If one coin goes to the moon and the other does not, there's IL. The percentage difference between coin price increases and decreases is what will cause your IL to increase, but that is intended to be offset by higher APY and collecting some amount of fees.

[cyan rapids]

i guess if you collect alot more ILV from staking in LP,and that gives you more reward from the revenue distribution, its worth risking the IL depending on how it turns out

[vague thistle]

Fucking wow bro!

[wanton nova]

Thanks a lot😊

[brisk socket]

Wow that is a great app man! thanks for ur hard work

It would be awesome if we could also compare gains from staking just ILV, vs gains from SLP (taking into account IL as price changes on a graph)

[lethal kite]

gosh, will the gas fee go down to 20? can't stake for almost a week

[ember basalt]

i bit the bullet at 25 gwei lol

if you're staking a huge amount i think its better to just do it now rather than wait.

[lethal kite]

18 ilv

60 to 70 usd

[ember basalt]

that's a pretty significant amount imo. better just tank the gas. if you've been waiting a week, you probably would've made more on rewards

[lethal kite]

that is true. well...I'll decide

[last falcon]

Okay so if I stake ILV-ETH I get dollar amount invested back at the end. Is it the same for regular ILV or if I stake 10 ILV I will get all 10 back at the end?

[cunning perch]

use the calculator. I think staking areoun 15 - 20 ILV with the gas around 30-35 sounds ok. Not great, but ok considering the price of ILV now.

[lethal kite]

thanks. =]

[cunning perch]

when you stake in the ILV pool you get all back and you decide to unslake or leave it there for Rev. Fos SLP there are lots of variable, you might have more ETH or ILV in the end

[wanton nova]

Thanks :) as written in the disclaimer I don't know if I'll find the time in the foreseeable future but I'll try to include an option to show just ilv staking

[stray steeple]

what the fuck is this GWEI rn like damn

[cunning perch]

I think you should snipe 25 if you see it these days lol

[stray steeple]

fr lmao

[magic laurel]

if i plan on long term hodling is it worth staking just like 100 - 130 bucks?

[eager rover]

Gas fees are a little too high for staking that little. Nonetheless if you have a VERY long holding that it usually is worth it.

[tacit cedar]

Storm, your message in chat was suggesting you expect prices to be very different next July. Is that up from here (due to game success) or down (due to huge unlocks impacting market cap)

[manic spindle]

Claimed ILV from yield farming (not RevDis) is locked for 12 months. If you look at rewards today they are based upon a token price of $370. This looks great of course already, but personally I expect the token price to be a lot higher than that when those rewards unlock in 12 months, so while at today's price you might farm $370 a day (if you get 1 ILV let's say) in reality that isn't really true because you can only liquidate it in 12 months anyway and if the price then is $1.500 let's say, then that's what you effectively farmed "for free" every day right now 🙂

[tacit cedar]

Gotcha, makes total sense. I couldn't work out if you felt the token couldn't support that market if we hit 10m unlocked. What's that... 15b market cap?

[manic spindle]

A bit less due to sILV but with every claimed ILV being locked for 12 months it will take four years from here for the total max supply of ILV to be in circulation. Also, the $1.5k very just for reference, no estimation 🙂

[tacit cedar]

All very useful. Thank you. I trust your thoughts more than my own

[magic laurel]

would a year in the sILV pool be enough to negate fees?

[peak quest]

Hi guys noob question I'm staking locked for 8 weeks ILV token and the cost is $100 gas fee... Is that normal?

[manic spindle]

Depends how much you stake, how the token price develops and how often you claim rewards (as this costs gas too). So very hard to say 🙂

[manic spindle]

Gas is quite high right now with almost 70 gwei. I would wait to see it a bit lower 🙂

[magic laurel]

the context is If i were to stake 100 to 130 bucks and dont claim until every 6 or 12 months

[white mirage]

Anyone having trouble with staking for first time? Transaction keeps failing, says I disconnect my Trezor.

[manic spindle]

I'd be torn right now, to be honest. It COULD be profitable if the token price goes up enough and you don't stake at a time like right now in terms of gas. By 100-130 bucks you mean actual ILV value or do you subtract gas costs from that?

[peak quest]

OK thanks.. For context I'm staking 25 ILV should I just go ahead and do it or better to wait?

[magic laurel]

i mean without gas... I think imma just hodl whatever I have and potentially stake when i get a more reasonable amount

[manic spindle]

25 ILV is for sure worth the stake and I wouldn't wait for something super low like 12 GWEI or so as we had for a while a few weeks back. I still wouldn't stake at 70 GWEI either though. I've seen hours upon hours of possibilities around 30 GWEI the last days so that's what I personally would wait for with 25 ILV and then stake them 🙂

[peak quest]

Thanks I'll wait 👍

[white mirage]

Trying to stake 20 ILV and just do the initial staking contract - keeps failing in Metamask with error that my Trezor was disconnected.

[abstract comet]

don't think that has anything to do with Illuvium. Do a super cheap transaction (send a little eth to yourself) and see if you have the same error. Try unplugging your Trezor and plugging it back in.

[manic spindle]

For ~$130 you would get like 0,35 ILV right now. The APY of the ILV pool is around 95% (if you lock 12 months for full token weight bonus). Now, the APY will go down for sure and constantly. Since you won't claim very often there won't be any compounding anyway so I think we might be able to maybe anticipate an average 50% APY over a 12 months lock. This would mean you would get roughly 0.175 ILV in rewards in a year. If you claim then, your claimed ILV will be locked for 12 months itself (and create some minor compounding which I'll ignore here for now).

In two years from now (one year to let your deposit farm rewards, then one year for the claimed rewards to get unlocked), I personally expect ILV to AT LEAST sit at $1.500, so 0.175 would be worth around $262. If you would pay less gas than that for four transactions (stake deposit, claim rewards, withdraw both when unlocked) then you made a profit.

Now, both the average APY and the token price are variables that are impossible to estimate for sure. It would now be on you to determine if you see those values higher or lower 🙂 Anything higher in either one of them would make it more likely for you to go out with a profit. Same for a net loss if either one of them (or both) would be significantly lower.

Just some food for thought 🙂

[magic laurel]

holy bruh ur insane... I believe that the price is going to be at 1500+ for sure so with that in mind I will probably wait until i get 200 - 300 accumulated and stake it

[manic spindle]

Updated it a bit to make it more accurate because you would need to consider withdrawal gas fees as well and the fact that you will have to wait for a year AFTER farming those 0.175 ILV for a year before they are unlocked.

[wanton nova]

Posting this once more. You can play around with gas fees, Apy and ilv value in this app which I did because I wanted to create an app in R shiny. #🥩〕staking message

[brisk surge]

Hey can I only stake ILV for like 4 months?

[manic spindle]

Yes and you can do that both flexible or locked for 4 months 🙂

[brisk socket]

how much Gwei it costs to stake in the LP?

[brisk surge]

If i stake flexible can i access my ILV anytime i need it? What's that about a 52 weeks lockdown?

[ionic sigil]

damn gas is 🔥
haven't been able to claim my rewards since 10 days ago 😫

[gloomy gazelle]

The 52 week lock is for the rewards. Not the initial deposit.

[gloomy gazelle]

The limit is gonna be as much as 500,000 but maybe less than half of that. Depends on amounts and lockup times maybe. It’s really Beyond me to estimate. You can always check it and reject the transaction.

[dim wagon]

I just tried to claim like 1.2 ilv and it was gonna cost almost $600 in eth uh yeah imma wait lmao

[last summit]

hi im planning to stake 7 ILV but the gas fees is like $500. Is there any other way?

[dim wagon]

Wait for it to go down

[ruby topaz]

Need a bit of advice or suggestion.
I just staked 3 ILV plus it’s equivalent of Eth into LP a few days ago. My reward is currently 0.41 ILV. I’m keen to claim and stake it back so that my contribution is higher and get higher rewards. In your opinion what would be a good amount to claim? Is 1 ILV a good amount to claim or would you recommend higher value? If yes what would you reckon is a good amount given the current gas fees? I understand this is not financial advice but would just like to have a reference point. I’m still very new to crypto so just want to learn more about some good practices. Thanks JB advance!

[last summit]

what a reasaonble gas price?

[eager rover]

Check this out #🥩〕staking message

[eager rover]

Recently around 30 gwei is reasonable

[stray steeple]

holy cow anyone see the 220 gwei?

[last summit]

thank you

so for the staking options, do you still receive ILV tokens when you choose SUSHI pool?

[ionic sigil]

ILV or sILV

[ruby topaz]

Ok. Thanks. Will check it out.

[last summit]

so you still receive the same token as ILV pool?

[next ruin]

Yeah, same options

[gloomy gazelle]

all rewards from any Illuvium staking pool are paid in ILV. Stake in ILV only pool and get ILV. stake sushi LP tokens (SLP) and get ILV. sILV is just syntheticILV it basically is ILV that can be burned and used in the game and can’t be used in staking. When you claim rewards you get to choose if you want it to be ILV or sILV.

[safe niche]

Hi everyone! I have the following issue: I wanted to put my ILV into a liquidity pool, so Ive used Sushi and made an ETH/ILV transaction into the liquidity pool. After a while in my Metamask it was shown as Cancelled / REVERTED. Unfortunately only my ETH are back, but my ILV balance is on 0. This has been 4 days ago. Anyone an idea what the problem is(maybe slipperage was too low I thought first) and how I get my ILV back on the account? Many thanks for any help

[ruby topaz]

Hi. for the calculator i have some question.

1. for the $ in sushi pool means how much I staked? If I have 0.99 slp how do i check the dollar value?
2. the Gas txn i just check the current gas fees right? Do I need to x2 and put in the value or do I just need to put in current gas fees?

[gloomy gazelle]

That seems very weird. You could dm me your tx and I could take a look.

[gloomy gazelle]

1. Your value staked is shown in the Illuvium staking dapp. On dashboard tab

[ruby topaz]

ah thanks!!! hahaha. ok. never really used the dashboard yet. how about the gas fees? do I just enter the current gas fees or do i have to x2?

[gloomy gazelle]

You put the gas fee that expect to actually pay.

[candid tundra]

I have multiple different slp locks. One of them is set to receive sILV rewards and has not changed above it's initial move to around 2.00. that was days ago.. still receiving ilv rewards for my others though.. any inight?

[gloomy gazelle]

Your different SLP deposits don’t earn different things. They all earn the same thing ILV. You just choose when you claim the rewards whether you want them in ILV or sILV. sILV essentially takes and burns the ILV you would have gotten. Also unless you are using different wallets all of your rewards from SLP are pooled together waiting for you to claim them. It’s under the rewards tab.

[daring spear]

hi guys, basic question.. i bought some ILV..looking to stake it. so what is the diferenc between ILV staking and SLP staking (question prob asked milion times:)

[brisk surge]

ILV staking is when you stake your ILV tokens which get 20% of the distributed tokens whereas ILV/ETH is where you stake and get 80% of the distributed tokens due to impermanent loss.

[loud flax]

Metamask account used for staking got compromised. Scammer used a sweeper script on it. Yes im stupid for falling for a scam but is there anyway I can change the metamask account connected to my staked funds?

[gloomy gazelle]

You cannot. I’m sorry

[daring spear]

so if i want to to SLP stake i need ILV tokens and ETH on metamask?

[loud flax]

Gotta look for a way then. thak you.

[brisk surge]

Sorry to hear that man also don't know to much on that topic but give this a read https://medium.com/mycrypto/how-to-beat-an-ethereum-sweeper-script-and-recover-your-assets-b5bb5094c440

[brisk surge]

Yes you need a 50/50 split of ILV and ETH, you can swap half of your ETH on sushiswap for ILV

[daring spear]

ok, how many time gas fees are payed in the proces from sending ETH/ILV to metamask and to stake, and how much is that in usd aprox?

bombardning with basic questions but need the info

[gloomy gazelle]

Not sure exactly. But this video walks you through it. https://www.youtube.com/watch?v=C6YugU4zZr4

[daring spear]

ty

[daring spear]

so, i have some ILV on gate.io, i can transfer it to metamask right?

[junior shuttle]

yes you can

[daring spear]

i use ETH/ERC20 network?

[junior shuttle]

the eth network yes

[daring spear]

if i want to stake in SLP for ex 200USD worth of ILV i need same amount of ETH (200 USD worth) and both bridget to metamask?

[mint cave]

the video linked answers every question you've had thus far

[daring spear]

look, havenot been using metamask before. dont want to screw something, also he was bridging eth in video not ilv. srry for all the questions

[final steppe]

Hey Sana, no worries about asking questions. Did you get everything situated? You would need to have both the ETH and ILV in the same wallet to then add liquidity to Sushiswap. MetaMask is recommended for that.

But keep in mind that you will need to pay gas fees when you add your ETH/ILV to Sushiswap and also when you stake your SLP tokens on the Illuvium website… so you’ll need to make sure you have extra ETH in your wallet to pay for that

[gilded wigeon]

Are we on ATH??😍

[alpine iris]

Why in the world are gas fees $60 for staking 1 ILV? I’m fairly new to staking, so is this normal for ILV?

[final steppe]

Hey Melancon! The gas fee varies depending on how many people are processing transactions on the Ethereum network at the time... so the amount you are staking isn’t a factor. You could be staking 1 ILV or 10000 ILV and the gas fee would be the same.

For that reason, I recommend waiting until the GWEI is low and the gas fees are a bit more tolerable

[alpine iris]

Awesome - thanks!!

[sour edge]

Hi! Any metrics/sites we can monitor these on so we can have an estimate when gas fees are lower than usual? Thanks!

[mint cave]

gasnow.org

there's an average gas price per hour/day of the week panel if you scroll down a bit

[sour edge]

Thanks!

[lucid pond]

I need to wait for gas to go down b4 staking😢 Wish it was on Polygon

[jagged spindle]

Sorry to hear man it happens to the best of us 😦 I lost $700 once…

[jagged spindle]

On the weekend it’s like 20 or lower. Sunday is the best is what it seems like man.

[halcyon hill]

would you guys suggest doing flexible or locked for the sushi swap token

[brave gulch]

How long is left on the AXS flash pool?

[lethal kite]

Hi guys, so AXS flash pool is ending today so what are the steps I should take as I have flash pool reward to claim and restake with my other ilv tokens.

[lethal kite]

I saw around 2 hours plus more.

[torn topaz]

Anyone else having issues with staking? Looks like my wallet was disconnected and now I can’t reconnect it

[exotic igloo]

When you withdraw your AXS token, you will be forced to claim your rewards.

In the same transaction

[hollow widget]

HI, I currently have the following :

1. ILV stake locked at 1.34 weight
2. ILV/ETH locked at 1.23 weight
3. ilv rewards
4. ILV/ETH rewards

Question :

1. How many transactions if I want to re-stake my ILV/ETH to 12 months when it is unlocked?

[rancid plover]

When I make an SLP stake I have to have roughly = ETH/ILV. When I start collecting rewards that will be in the form of ILV (or sILV). Will that offset my ETH/ILV balance? Not including the sLIV.

[lethal kite]

Sure, I have other ilv hanging (not staked ) and some staked (in core pool) so should I just stake the hanging ilv (not staked) which will force me to claim rewards from core + flash, so the claim and restake can be one transaction. After that then I claim out my axs.

[exotic igloo]

You would be forced to claim for staking and for withdrawing

[cyan rampart]

I think that's 5 transactions - 2x claim, 2x unstake, 1x stake.

[hollow widget]

ohh thats a lot... but why is there a 2x unstake?

[cyan rampart]

Because the Sushi LP is a different token than ILV, and is staked in a different pool.

You'd be unstaking your ILV, and unstaking your Sushi LP token.

[hollow widget]

is this applicable even if I dont plan on moving my ILV stake (which is locked) and only plan on restaking the ILV/ETH stake?

[dull bison]

I staked SLP, where do i see the usd value of it? I only see it as "Locked" for x days.

[hollow widget]

you can see it under the dashboard

[dull bison]

Could you send a link?

[hollow widget]

https://staking.illuvium.io/dashboard

[cyan rampart]

Your SLP shouldn't change value, you'll just collect rewards on it.

[hollow widget]

scroll down and you see a USD value

[next ruin]

Say I have SLP staked and locked now. In a month I add more liquidity to the pool and want to stake those additional SLP tokens - how many transactions will occur when staking the additional SLP?

[cyan rampart]

@hollow widget I believe after a locked period expires, you can leave your stake active and it should be at whatever rate you originally staked it at.

I'm not 100% on that.

So you could unstake your ILV/ETH, and restake it at 12 months, and leave your existing ILV stake. That would probably be fine, but your original ILV stake would still be at 1.3x or whatever you had it at.

@next ruin You'd claim rewards (2 transactions), then stake your new SLP. 3 total transactions.

[next ruin]

Claiming rewards is required at that time? And the two transactions are to "claim" and "vest" essentially?

[onyx isle]

got a question - so if you have your ilv staked do you not have any governance power to vote ?

[fierce dawn]

If the game run to end of 2021, stake for 12 months is so long

[cyan rampart]

There are 2 reward pools, one for ILV/ETH and one for ILV. As soon as you have any rewards vesting, they accumulate their own rewards into the ILV pool.

Anytime you claim ILV/ETH rewards, you're forced to claim ILV rewards as well.

So you claim both pools. Then any unstaking action is a transaction. Then any staking is also a transaction.

If you have no rewards collected yet, your ILV/ETH claim would just be one transaction (as there is nothing to claim in the ILV only rewards pool yet).

And yeah, you cannot stake into a pool while you have pending rewards, you have to collect them to stake again.

[next ruin]

Gotcha - so, as I've not claimed yet, the next would just be one claim (assuming I don't claim until then). But any claims past the first will be on both pools.

[cyan rampart]

Yeah correct, if it's your first claim, it would be one claim (ILV/ETH), but immediately your claimed rewards will accumulate their own rewards into the ILV rewards pool, causing all future claims to be 2 transactions, so long as you're staked in the SLP.

[next ruin]

Got it. Thank you!

[abstract comet]

When you started out, did you accumulate a few shrapnel rewards? I have a few under 0.01 ILV that I assume I'll never be able to cash out (since 0.01 seems to be the minimum amount to withdraw)

Unless the devs implement a function to withdraw all vested rewards at once, which would be a godsend. (I hear that is on the todo list at some point).

[cyan rampart]

I can't imagine that's the case, but I haven't looked into governance much. It would be a good question for @manic spindle when he's around, he's pretty well versed in stuff like that.

@abstract comet I think your rewards are all landing in the same pool - You should be able to let scrappy little rewards like that sit there until larger chunks of ILV have completed vesting and then claim them together, if that makes sense. All rewards land in the same pool at a 2x weight for 12 months.

[south nacelle]

not sure if it's been answered, but do I need to claim rewards and restake to compound rewards, or do they automatically compound and you can set and forget?

[dull bison]

Does TVL of ILV and Sushi LP pool affect the rewards? Why is the TVL of the ILV higher than the Sushi LP?

[cyan rampart]

You need to claim rewards to allow them to start collecting their own rewards.

Unclaimed rewards do not accumulate their own rewards.

[abstract comet]

yeah but they have different vesting dates, so they certainly aren't all fungible. The rewards that haven't been claimed I agree are all in the same pool. But as I said, once they all vest, they are all the same so hopefully we can withdraw all of them at once. That hasn't been implemented yet though.

[cyan rampart]

What I mean is, claimed and vesting rewards should be living in the same pool, with different end dates on their lock period based on when they were claimed. I'd be surprised if they didn't just accumulate after vesting finishes. If it's not implemented that way already, I really hope it gets changed, because I'm sure loads of people have little reward batches (whether from re-staking and having to claim or whatever), and making people do 9 transactions to claim .01, .004, etc. would be pretty unfortunate.

[abstract comet]

yeah...that would be unfortunate. And I have considered that worst case scenario already. That's why when considering how often to claim, the mods often say to take into consideration 2 transaction fees per reward (claim and withdraw). But it shouldn't be too hard to do this and would I assume be quite high priority around next summer when a lot of the 1 year lockups begin vesting.

[charred rampart]

So theoretically, what would happen to ilv price of Eth moons? What is the effect of the pool?

[mint cave]

are you asking if the price of ETH moons relative to ILV with ILV remaining stagnant?

[charred rampart]

Yes

[mint cave]

then you get more ILV and less ETH, essentially

[charred rampart]

Hmm. Okay.

[mint cave]

this calculator is pretty useful for what-ifs

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

[charred rampart]

That does help. So it’s important that they rise together.

[mint cave]

indeed, both rising equally is the best outcome

[charred rampart]

Sorry I’m a bit tired and I just staked another 33% of my portfolio for 9 weeks

So while I didn’t record the prices of ilv and Eth at the time of deposit before, I certainly will now.

[lethal kite]

sure, as long as this is the correct step, I know there will be gas for staking more (along with my forced-to-claimed rewards ilv) and also the claiming back of axs

[charred rampart]

Has anyone calculated what the price of an ilv token would be at axie current market cap?

[exotic igloo]

A lot

Hahahahha

[mint cave]

about 15.65x higher than current price, ~$6100

[charred rampart]

Geeze

Well I think ilv should catch some price action from the current axie pump. But it’s gonna be important to maintain pace with ethereum. Any big news due to drop anytime soon? I think Eth pops here in a few weeks.

Also apologies, I’ll move this to general topics.

Sorry I posted the same question in general

[gloomy gazelle]

The TVL of ILV only pool is higher because a lot of rewards have already been claimed and placed in that pool to vest for 12 months.

[mint cave]

no worries!

[gloomy gazelle]

The TVL effects the APY of each pool because your rewards are based on your percentage of the total pool times the amount of ILV being distributed. This chart may help you understand how much ILV is being distributed. My understanding is that a bar represents 2 weeks of the staking period.

[lapis lark]

So we'll eventually arrive to a point where staking isnt really profitable anymore right especially on the 50th week onward.

[median canyon]

Staking is about earning extra tokens. The number drops. If you are in the paired pool then there are some small risks. Over time though people will withdraw which means more yield for those still in. It will be decently stable for a while I think.

[woeful knot]

what does that really mean that the APY is estimate? that means if I stake 10k for 1 year with the lock option, I should get 94% APY as for now, but that could change to like 10% so at the end of the year instead of getting 10k more I will just get 1k?

[lapis lark]

Once they swap out to a stable coin, the ilv gets returned to the reward pool right?

[lethal kite]

the count down is on for axs flash pool, thank you very much, I'll miss you axs flash pool.

time for me to restake my 18ilv + core rewards + flash rewards back in...

[sinful hatch]

what week/fortnight are we currently in?

[mint cave]

we are in the 3rd fortnight atm

[sinful hatch]

struth, we are super early. I thought I was late...lol

[gloomy gazelle]

Yeah it is still really early in the staking

[mint cave]

nope! staking began june 30th!

[lean harness]

is it possible to have multiple core pool stakes?

[gloomy gazelle]

No. It is in the sushi dex pool when they sell their ILV for ETH. The rewards are distributing the token supply. Once they are all distributed then the pool reward distributions are over. And the token supply will be fully diluted.

[glacial lodge]

Any min amount u would recommend staking to see profit?

[gloomy gazelle]

It depends on your gas fees really. As long as you earn more than the gas you pay then you are good. And how much you earn depends a lot on how long you stake for and lock for.

[gloomy gazelle]

Yes. But when you add another deposit to a pool during that process you are required to claim your rewards.

[gloomy gazelle]

Have you watched this video yet? It’s great https://www.youtube.com/watch?v=C6YugU4zZr4

[glacial lodge]

Ight ty man

[lean harness]

thanks!

[glass carbon]

apy should never be taken as guaranteed for a year, it is simply to give you an estimate of the current reward rate at the current moment. Just like mph doesn't require you to be driving for an hour to use that term.

[gloomy gazelle]

Good simile

[wanton nova]

I'm posting this once more for those who were asleep earlier today. I created a little app which visualizes the decrease in staking APY and lets you play around with how different gas prices and the frequency of reward claiming influences your overall yield. See here: #🥩〕staking message

[round jungle]

Noob question, how can I unstake my AXS from flash pool?

[mint cave]

go to vesting tab -> withdraw

[steady trellis]

Hi, do we have any visibility on the possible yield on the ILV stacking, in 1year time ? (once my 52 weeks of sacking are done, to restack ^^)

[round jungle]

Thanks

[gloomy gazelle]

The actual tokens distributed go down 3% every two weeks so there’s that.

But the other thing to consider is that all the tokens distributed so far can then be claimed and staked in the ILV only pool.

[keen fable]

Hey I am sort of new here. So staking of ILV is liquid staking if I get it right? So you have option to stake ETH/ILV pair in same USD value, or only ILV or only ETH tokens and get paid out in ILV token? Or can you get Eth, also ILV I am confused, and where do you do the staking, also on sushiswap like buying the token?

[gloomy gazelle]

Check out this video #🥩〕staking message

It’ll walk you through how it works.

Come back with more questions if you need to

[heavy turtle]

when i click "rewards" on my ILV and choose ILV - during the 1 year wait period is that ILV still staking or no

so like say i have 10 ILV and 1.2 ILV in rewards. I then pull my 10 ILV off the website into my wallet and then i have to wait 365 days click "withdraw" on the 1.2 ILV.. so 1 year later will i have 1.2 ILV or more

[gloomy gazelle]

When vesting it is staked at 2x weight. Because it’s locked for 12 months

MORE

[heavy turtle]

so 365 days later ill have 2.4 ILV? because of the 2x weight or is the math wrong

[gloomy gazelle]

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

[gloomy gazelle]

Not that. It just means your APY is calculated like you have 2x as many tokens staked

[heavy turtle]

right but assuming i pulled my initial invesment of 10 ILV that means its 2X times 0 = zero

[spice cedar]

hello

[gloomy gazelle]

No. Your rewards you earned are then going to keep earning

[heavy turtle]

but then its an endless cycle of rewards being stuck for a year cause then assume 1 year later my 1.2 ILV is ready to pull but then i earn another 3.5 ILV ---- then i gotta wait a whole extra year to get that?!

[shrewd mesa]

If I claim my rewards for staking my SLP does my staked amount get affected in any way?

[gloomy gazelle]

You can claim your rewards as they are earned. You don’t need to wait to withdraw your deposit.

[gloomy gazelle]

No

[shrewd mesa]

Ok great thanks

[gloomy gazelle]

The token distributions don’t go on forever though. Only 3 years

[heavy turtle]

yes but you said my rewards will earn rewards - which means so i have 56 ILV rewards but it takes 1 year to pull so i go to "claim them" but then that 56 rewards earns another 20 ILV over the course of a year then i gotta claim those so theoretically this is a great thing and this process will continue until 2024 - once all the 3M staking pot is exhausted

[gloomy gazelle]

Your rewards are added to your waiting to be claimed section every block (like 15 seconds)

[gloomy gazelle]

Yeah. It’s a nice loop I think.

Plus all staked ILV will get revenue distributions in the form of more ILV.

[winter aspen]

So, if you claim your rewards, can you re-stake/compound them? Are you able to do so in the same pool or you can pick a different staking for the claimed ones?

[gloomy gazelle]

The vault buys ILV off the market with the ETH revenue and distributes it to the stakers. And those are unlocked ILV.

[gloomy gazelle]

All rewards when claimed are automatically locked into the ILV only pool. All rewards are paid in ILV

[gloomy gazelle]

You cannot put staking reward into SLP because it’s only ILV and not ETH/ILV. And certainly not SLP tokens.

[winter aspen]

Okay thank you, are they automatically locked for 12 months exactly?

[ruby wing]

Rewards vest for 12 months yes

at 2X weight and compound in the single asset pool

[candid venture]

how do i swap eth to ilv-eth in sushi swap to stake on the sushi lp pool? I swapped my eth initially from metamask to ilv and couldnt use it

[mint cave]

https://youtu.be/C6YugU4zZr4?t=619

[gloomy gazelle]

Watch this video it’s great

[candid venture]

Thanks guys, appreciate it

[fickle hornet]

Hi guys, question on the "compound your rewards" part. Does this mean that leaving your ILV in rewards. you get the base/flexible staking return?

[wanton nova]

https://www.youtube.com/watch?v=C6YugU4zZr4&t=619s the trick shown here at 15:10 does it work with new gas system as well? do I lower the Max priority fee and max fee or how is it done?

[wanton nova]

The ILV you see under rewards are NOT compounding. You have to claim the rewards. The rewards are then locked for 12 month and THEN they are compounding. The ILV in rewards will be back to 0 and they claimed and compounding rewards can be seen under 'vesting'

[fast crest]

Can i turn off my computer while executing a staking transaction or do i have to wait till it went through ?

[manic spindle]

As far as I remember, there was a solution for staked ILV to still vote.

[fickle hornet]

ok cool thanks. Would be cool if rewards auto flexi staked. save on some gas

[slate hatch]

The Flash Stack for AXS is over right? How can i redeem my AXS tokens and why isn't the "Claim ILV" working on the Rewards tab? 😄

[wanton nova]

yes that would be great but probably not possible technically or something

[mint cave]

this is a good question, we will update or make a new mini-video for the new gas system within metamask as soon as we can

[wanton nova]

thanks a lot 👍

[abstract comet]

you can turn off your computer after you've sent out (broadcast) your transaction.

[fast crest]

Merci

[abstract comet]

there's a new gas system?

[mint cave]

yes EIP 1559 created a slightly altered gas payment system

i don't think metamask has fully rolled out the update yet, as far as i'm aware.

[dark bear]

For each of our staked ilv that we have vested, do we have to individually pay for the gas fees to claim?

To unstake would be better wording

[manic spindle]

Yes, the current setup requires that every claimed batch and deposit needs to be withdrawn individually. This MIGHT be something the team can optimize long-term but there is to my knowledge no guarantee for that, sorry 🙂

[dark bear]

Hey, by that time ILV might be worth a lot and gas fees should be low, shouldn't matter too much! Thank you

[viscid ferry]

Hi.. I'm trying to stake SLP.. I've clicked Max then click STAKE.. it still keeps prompting me to "Please enter an amount".. Can someone help?

[mint cave]

try removing the decimals/typing them back in, i remember something similar to this happening to me once

[abstract comet]

wow thanks, just read up a little on this. It seems metamask rolled it out for mobile but not yet for desktop extensions. Also, it looks like trezor just committed the code for EIP 1559 compatibility yesterday (think ledger is already compatible). So might be a couple weeks...ugh not going to enjoy overpaying on gas

[vernal drift]

after the 52 weeks of staking... if you leave it staked does it resume gaining interest?

[mint cave]

yeah it's not great, but such is the cost of being on the bleeding edge of technology ><

[manic spindle]

Yes. Unlocked deposits remain staked and keep their initial token weight until withdrawn 🙂

[viscid ferry]

Thanks.. The message is gone after removing some decimals.. seems like a system bug with the Max button..

[vernal drift]

i get nothing but smiles learning more and more about illuvium

[slate hatch]

@manic spindle How/when can i redeem the AXS tokens i've flash stacked?

[manic spindle]

You can withdraw any unlocked deposit under "Vesting" 🙂

[slate hatch]

Just found it... Thanks! One follow up question - What do you suggest the best strategy is for withdrawal judging the high gas cost right now? :/

[jagged spindle]

Wait until sunday it usually goes low 20s

[slate hatch]

Thanks bagel friend!

[viscid ferry]

Anyone know how long is the time limit that a Staking transaction must complete within?

[jagged spindle]

@viscid ferry it's pretty quick

[viscid ferry]

Gas price shoot up after I submit my transaction.. Do I need to speed the transaction up?

[jagged spindle]

I don't think so I'm not totally sure tbh

[manic spindle]

You can wait and hope for it to go down again or you can speed up. That's really a decision only you can make 🙂

[viscid ferry]

OK.. just went thru.. phew~😅

[jagged spindle]

was going to say I've never had to speed it up...it's usually super quick

[viscid ferry]

This is my first staking.. A bit nervous.. 😅

[manic spindle]

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

[jagged spindle]

@viscid ferry this is my second one, and it's been nothing but good 😄

[viscid ferry]

https://tenor.com/view/excited-hockey-kid-yeah-i-made-it-gif-12276288

[vernal drift]

enjoy the ride 🙂

also grats on your first stake... i have a good feeling you'll have a great first impression of staking

with these tokenomics... hard to go wrong

[viscid ferry]

Thanks! Yeah, can't believe I've gone through all these steps.. My only experience before this was only to trade cryptos on CEX.. Haha.. The youtube tutorial in the pinned post helped a lot..

[primal halo]

if i stake my ILV on this pool can i still unstake 2 months after or something ?

how do i stake an unlocked deposit @manic spindle

[manic spindle]

You go on the tab "Vesting" and withdraw the deposit 🙂

[primal halo]

okay so thats how you withdraw it, but that aint my question. i haven't put anything on the pool yet

btw how much is the approximate cost for staking right now ?

is 100usd enough?

[viscid ferry]

Should be enough

[primal halo]

okay cool

[viscid ferry]

it costed me $7.7 for approval

[spring merlin]

I think you're asking how to do a flexible stake where you can withdraw at any time? When you hit Stake you'll get the option to choose to either stake with no lock-up or to select up to 52 weeks of lock-up for additional APY.

[viscid ferry]

$37 for staking

[primal halo]

ohhh okay

[sly tulip]

Any documentation I can read about advantages and disadvantages of staking in SLP VS The normal ILV?

Just got here after watching the tutorial video of Illuvium academy

[proud moth]

https://www.illuvium.io/staking-faq

[worthy pond]

@manic spindle ser how is the APY calculated in DP? what is the actual APR?

[cursive grail]

Hi guys, I have a question: If I stake pool ILV or ILV/ETH, it's blocked for 12 month for staking. So When I want to claim ILV rewards, it will have what scenerios: 1. I receive ILV imediately... 2. I have to wait 1 year from the time of claim..... 3. I have to wait 1 year from the time of staking.

[modern comet]

1 year from the time of you claim

[sly tulip]

Thanks sir!!

[worthy pond]

yes ser i understand. but how can the APY translate to APR?

[proud moth]

sorry i was replying to HelloHero. About the actual APR i think it is complicated because the rewards keep going to the ILV pool, and there is the token weight come into consideration too.

[worthy pond]

thanks!

[humble depot]

hey guys

[ruby wing]

Hey Chad

[humble depot]

picking up ilv, whats the best way to stake right now? i dont mind going with risk

the ilv, sushi pool?

[ruby wing]

Up to you, if you have a decent size bag, probably LP

Gas fees are more when you claim in sushi pool

[azure jewel]

I will continue to stake even after the locked period as long as I do not manually withdraw my locked stake correct?

[ruby wing]

So if you have a small bag, I reccomend single asset

[humble depot]

what do you consider large bag and small bag

[ruby wing]

Correct to my knowledge

[ruby wing]

Say 15+ ILV is good for Sushi

[sonic wolf]

fuck, I just passed the point where I no longer have enough ETH to put all my ILV into double pool

[humble depot]

so i need 15 lv and 15 lv worth of sushi

[ruby wing]

No

Watch the pinned video 🙂

But you need ETH/ILV 1:1

[azure jewel]

thanks I did a lock for 18 weeks ending right before december and I don't want to withdraw it once it becomes unlocked so I hope it continues to stake even if the APY flucuates.

[ruby wing]

Makes sense

[humble depot]

will that 696% be paid in ilv tokens?

wow

cool, just locked away 8 slp for 1 year, lets see how this goes lol, see you in a year

[manic spindle]

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

[vernal drift]

man i really wanna get in on the SLP... would 1 ETH worth be a decent contribution to the LP

[humble depot]

no clue, i paid alot of fees to lock them up though

[halcyon hill]

What are the positives and negatives of both pools

[vernal drift]

SLP has more fees and higher risk high reward... (have to consider IL)

ILV staking pool is what i'm in. nice returns for staking and compounding.

[soft snow]

I also choosed ILV staking, just lock it up for 1 year and enjoy

[raw basin]

does anyone know how to check how much your eth/ilv pool has occured imperment loss? or how much each slp is worth?

[austere sail]

Guys what is the minimum amount of gas fee you paid for staking? Cuz 70$ seems ridiculous

[bitter warren]

can i get some help cannot connect metamask with illuvium page

[vernal drift]

minimum? i saw 10 gwei a few months ago

with all these NFT drops lately iono when we're going to see that again anytime soon

[slender ocean]

whats the next eTH update to deal with decreasing gas fees?

[vernal drift]

what browser are you using

[bitter warren]

brave

[vernal drift]

try using chrome... doesn't work on brave... yet?

[austere sail]

using chrome and currently 77$ for staking

[soft snow]

I'm using brave, it was working last month

[vernal drift]

🤷‍♂️

[small wedge]

Sorry for a question that's probably been asked already...

• GAS for staking does not scale with amount of ILV, right? (so better to wait till you can stake a reasonable amount?)
• Is GAS expected to come down, or just don't wait longer & stake asap? 😆

[vernal drift]

sundays tend to be good to me... don't see gwei lower than 20's these days tho

[valid cove]

How to unstake tokens?

[mint cave]

vesting -> withdraw

[ember basalt]

is there a calculator anywhere on how much ETH and ILV i'll get back if i swap out my SLP in sushi?

[small wedge]

Thank you!

[late stag]

Question guys, if I stake SLP will the staked ILV increase or decrease in value with the unstaked? New to LP staking

[worthy peak]

Ok made an SLP stake as well, 700% is too lucrative to pass by🤑

[fair wharf]

So I have ILV and ETH, how do I stake in SLP? Says my balance is 0 on the illuvium site via metamask browser

[manic spindle]

Providing liquidity for ILV is done via an ILV/ETH Pool on SushiSwap and requires a few different steps compared to staking only ILV. These steps are the following:

• You acquire a 50/50 ratio of both ILV and ETH (in $)
• You go to: https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E
• After approving the contract (if this is your first interaction with it), you stake your 50/50 ratio of ETH and ILV in the pool
• You receive SLP tokens (To see them, add the SLP contract address to your wallet: 0x6a091a3406e0073c3cd6340122143009adac0eda)
• You go to: https://staking.illuvium.io/staking/core
• You can now stake your SLP Tokens in the Sushi LP pool just like ILV is staked in the ILV pool.

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

[languid pine]

you need to make de LP tolken on sushi my friend.

[mint cave]

https://youtu.be/C6YugU4zZr4?t=619

timestamped @ providing sushi LP section

[rich timber]

so with huge price increase, does that mean people who bought before will have impermanent losses?

[stuck cloud]

Why would price going up end in losses?

whats the difference between the 100% APY pool and the 700% APY pool in regards to the staking?

[mint cave]

check out the bottom link on this message about impermanent loss

#🥩〕staking message

[mint cave]

yes if they have been staked in the SLP the entire time it is possible

[nova moth]

If I stake only ILV in ilv pool there be only gains?

and I need to claim rewards everyday right? Sorry for stupid questions first time doing this

[mint cave]

correct, only gainz

[mint cave]

you can claim as often or as infrequent as you'd like

note that the rewards do not begin their unlocking period, nor do they start compounding your initial stake until they are claimed.

thus you must calculate your own strategy on how often/what gas levels you'd like to claim at

[strange ermine]

does the staking gas fee every get any cheaper?

[mint cave]

it depends entirely on the overall usage of the ETH network, which is in constant flux

[native stone]

If I claim rewards from the SLP pool, do the ILV token rewards automatically compound during the vesting period in the ILV pool or are they somehow staked in the SLP pool?

[mint cave]

yes, they go into the ILV single pool

[rancid plover]

Does the chrome browser works better than the brave browser for staking?

[rich timber]

does this affect my rewards as well or just the staked SLP?

[fleet island]

Guys i am thiking about staking, i am not sure to understand every thing

if i am staking in core pool ILV i am going to collect sILV over the time ? How can i switch them to ILV

[pale viper]

Hello question on SLP staking. If I claimed ILV can I re-stake it or is it locked for a year?

[final steppe]

I wouldn't think it would make a difference. Both are Chromium browsers... but this is not my field of expertise

[final steppe]

Impermanent loss applies to the initial balances you staked for each token 🙂

[mint cave]

only your SLP

[final steppe]

You will have the option to claim either sILV or ILV... so it's up to you!

[rich timber]

yes I understand that but will it affect how much I earn in rewards?

[nova moth]

Rewards are subject to a 12 month vesting period before they can be withdrawn
what does this mean

[rich timber]

lets say I was earning 1ilv/day in rewards but then suffered an impermanent loss of say 50%. does that mean my rewards will also be limited to a -50% gain?

[final steppe]

Once you claim your ILV, it is automatically vested in the ILV-Only pool with a token weight of 2.0 and also locked for 12 months. So those rewards earn the APY of the ILV only pool for 12 months. So no need to do any manual restaking 🙂

[final steppe]

Hey Steve! Just answered that right above as well 😄

[fleet island]

Someone can tell me if the staking smart contract has been audited ?

[final steppe]

No, it will not. The rewards you earn is based on your SLP token amount staked and that amount remains the same, regardless of the impermanent loss.
You will only see the effect of IL if you unstake your SLP, bring it back to Sushi and go to withdraw your ETH and ILV 🙂

[pale viper]

sad i shoudl've put it all in sushi than ilv pool

[final steppe]

Hey Tuyo! Yes, it was audited by Quantstamp.
You'll find a link to that audit at the bottom of the Staking page

[languid pine]

Why would you say that? 😆

[fleet island]

Uhu if i want to claim stake reward in ILV, it's stuck during 12 month?? @final steppe

[pale viper]

cuz it's faster to earn ILV for ILV pool

[soft walrus]

lol i now understand why the ilv single pool is much larger than sushis

[languid pine]

sure.. but you need more to invest, also the gas fee is more expansive. SLP is for people with more to invest. I might be wrong tho.

[soft walrus]

its cuz rwards are locked up and auto staked into that single pool lmao

[final steppe]

Correct. Once you click "Claim ILV", that ILV is automatically locked for 12 months and vested/staked in the ILV only pool, also earning rewards for those 12 months.

[dusky atlas]

Hi, I’m new to this. I tried staking some ILV but the gas fee was too low so I had to modify it, it was later accepted but now I see a “dropped and replaced” status on the transaction details. Is this normal??

[fleet island]

Aww so we cannot widthraw all 😦.
we still can withdraw the ILV base right ? (in flexible pool)

[hexed lion]

your staked ILV ? Yes, whenever you want

[fleet island]

And the sILV will be used in game? Is there a bridge to swap sILV for ILV

[worthy peak]

the game will be the bridge i suppose

[manic spindle]

sILV is a substitute currency that can be gained as yield when staking ILV. In game, it can be used to pay for any fee (excluding IlluviDEX trades and Leviathan Arena wagers) that otherwise would be paid for with the main currency ETH.

While claimed staking rewards in the form of ILV are locked for 12 months, sILV offers the opportunity to liquidate your staking rewards immediately. The tradeoff for that is that sILV only can be used in-game and does not provide compounding in any form.

And no, there won't be a ILV <> sILV swap 🙂

[fleet island]

If i understand all, imagine we stake 50ILV, we can choose to claim ILV (not widthdrawable for 12 month) or sILV usabile directly in game.
So we don't increase directly the base investment 😦

Hmm okey Thanks @manic spindle So we can consider that staking pool and claiming as sILV is a way to have free in game stuff in the future with sILV earned right ?

[manic spindle]

If you decide to claim sILV instead of ILV as rewards, then yes, you get something to use ingame. It only pays for stuff you could have paid with ETH for as well though.

[fleet island]

Okey, and i am not sure to understand what is "locked", it means that you can't have it back to your wallet during 12month?

[cunning perch]

when you lock it you cannot withdraw it until the locking is over. then you can either withdraw it (and lose the right to receive Rev) or leave it there (and get Rev)

[fleet island]

Okey thanks all, i have all informations 🙂

[hexed lion]

Or relock it for a longer period of time than the first to increased the weight

[cunning perch]

well you don't need to unstake and re-lock. It will already have the weight you locked it with. If you don't need to sell it, then unstaking could be a wrong choice as you revoke the right you receive Rev and if you want to stake and get the weight, you're gonna have to lock it again.

[hexed lion]

Yes, I was trying to say that 😄 I've staked my first 7 ILV for 7 months so I could claim it back by March if things went the wrong way, but as I'm having more and more confidence in the project I regret not locking it for 1 year right away

[waxen vigil]

Where can I find the value of 1 Sushi LP?

[cunning perch]

yeah in that case if you want a 2X weight then you have to lock it again for 12 months.

[cunning perch]

I believe after staking it you should be able to see in on the website in the Dashboard Section

[hexed lion]

Yeah but I have to wait for the whole 7 months before re-locking it for 12 months even tho I'd like to change it right now 😄

[cunning perch]

yep. You've gotta wait for the 7 months to end first. 🙂

[waxen vigil]

You're right. Thank you.

[cunning perch]

anytime my friend 🙂

[plucky vessel]

should i wait to stake til i have a bigger bag? and gas fees lower?

[hexed lion]

Depends of your bag size

[cunning perch]

gas is def high right now. unless you are rich and don't care about it.

[hexed lion]

If you have like 10 ILV to stake, and plan to lock another 10 ILV in 1 month, you can wait and stake by the end of the day when gas fees are going to be around 20

But if you're talking about 0.5 ILV, you might want to wait a bit more

[plucky vessel]

heard, so i only got one now, but imma have 3 or 4 depending on how my day goes by the next few days so can i lock the new ones up just as easily or should i wait and stake them all at the same itme

[plucky vessel]

^

[cunning perch]

you can stake as much ILV as many times as you want. all will depend on how comfortable you are with the gas and how long you want to lock it for.

[plucky vessel]

gotcha gotcha thank you brother ❤️

[wheat kestrel]

I just want to make sure, so ILV rewards (listed on Rewards tab of dashboard) are compounding (earning interest)? and ILV that is vesting (listed on Vesting tab of dashboard) are also compounding?

[cunning perch]

@mental dagger 1) you get YF (Yield FArming) rewards in ILV and/or sILV. 2) you will receive Revenue (100% of the ETH spend in game will be used to buy back ILV and distribute it with the token stakers)

[obtuse violet]

Can anyone explain why the SLP pool APY keeps increasing? I noticed it was 600% a few days ago but now 750% despite higher TVL?

[cunning perch]

what ever you stake and whatever rewards (ILV) you claim will compound to your original stake. The vesting section shows you how long they are locked.

[cunning perch]

one reason might be people leaving the pool. another reason might be the price action.

[mental dagger]

yeah makes sense i just find trouble finding the worthiness of it

[wheat kestrel]

So if for example, I had 1 ILV in rewards, that 1 ILV won’t begin earning APY until it is claimed and is vesting?

[cunning perch]

well. if 1 and 2 that I told you and you think it's not cool, I don't know what surprises u 😄

[cunning perch]

yes exactly. any unclaimed rewards will not receive anything. will just sit there idle playing with their Bs 😄

[mental dagger]

ahaha wish i had spoken to u before i locked it all for only 3months

[cunning perch]

It's ok. after the 3 months are done, you can decide what to do with it. you can again lock them longer if you wish.

[mental dagger]

yeah fair enough

[wheat kestrel]

Ah, glad I asked. So why is the yield quoted as “APY” and not “APR”? I guess in other words, what compounding is used to calculate that APY?

[cunning perch]

it's the annual Yield and will drop 3% every fortnight. So it's pretty high for now

[slender ocean]

what are the chances of claiming LP going to around 20 dollars?

[slender ocean]

its 60 right now

is there like a rule of thumb you follow where the reward should be like 100x of fees to claim

[agile socket]

Does anyone have a suggestion as to a guide or help setting up a liquidity pair for ILV on Sushiswap?

[mint cave]

https://youtu.be/C6YugU4zZr4

[agile socket]

Much appreciated!

[wheat kestrel]

As an example, if I stake $1000, that $1000 is earning whatever is the quoted APY (ie. ~750% right now, but will go down as you point out)?

[mystic temple]

Depends on you really. For me if the reward is equal to the fees, I vest it. My rationale is the earlier it vest the better. For others they wait for the gas to be lower.

Nfa

[slender ocean]

tnx... appreciate the reply 🙂

[jolly ridge]

Does staking for 12 months at the 2x weight basically mean you get 2x the RevDis....based on how much you have staked?

[keen crest]

If you stake your coins in order to receive rev from the treasury, do they have to be locked in for a certain period of time or………..
Can you take them from the protocol whenever you like?

[wheat kestrel]

My understanding is that 2x doesn't factor into RevDis

[halcyon hill]

how long does the approve ilv spend limit take

[fleet island]

So what i learn today 🙂
You have 2 choice for ILV pool (flexible and locked one)

• Flexible you can withdraw your investment at any time.
• Fixed you have a multiplier and you lock X time your stake.

After that you can retrieve your reward in 2 form (sILV or ILV)

• ILV you will be able to withdraw after 12 months (locked during 12 months)
• sILV you will be able to withdraw immediatly.

sILV is the game currency and will be used only in the game 🙂

[wheat kestrel]

That's dependent on the overall network congestion and what you paid for gas. It usually is pretty quick when I use default options on Metamask.

[silk scarab]

can you put half your stake in flexi and the other half in locked?

[fleet island]

i think it's not probleme but it's 2 different transactions

[potent flare]

the 750% LP tho

[hearty scaffold]

So what’s everyone thinking? Locked for 12 months the way to go?

[potent flare]

https://tenor.com/view/maybe-robert-downey-jr-sherlock-holmes-rdj-gif-4384335

[fleet island]

IMO 12 months is very very very long so i won't take the risk to lock something for this time

[hearty scaffold]

That APR is taunting me though

[keen crest]

I wonder if sILV will be tradeable for ETH

[fleet island]

I think it won't, because it would be easy to claim as sILV and swap for ETH to get instant reward

[noble escarp]

Hey, quick question: the 12 month vesting rule applies to flexible staking ?

[keen crest]

I don’t think the game rev taken in ILV is locked, like you can withdraw if you want.

[wheat kestrel]

You are correct. It isn't swappable. sILV once redeemed must be used in game. I saw this in #mini-game this morning. Side Note: I also learned this morning that sILV is burned when transacted, thus reducing the total/max supply.

[wheat kestrel]

That's my understanding too.

[manic spindle]

Correct, RevDis in form of ILV is unlocked 🙂

[keen crest]

Perfect

So if you wanted to take a regular passive income, you could. Like it.

So technically could be traded to ETH etc?

[manic spindle]

Correct. You could trade and swap it or sell directly for FIAT in case ILV is picked up on any exchange that allows for that 🙂

[urban verge]

how do normal people earn sILV besides staking? playing the game?

[manic spindle]

sILV is a substitute currency that can be gained as yield when staking ILV. In game, it can be used to pay for any fee (excluding IlluviDEX trades and Leviathan Arena wagers) that otherwise would be paid for with the main currency ETH.

While claimed staking rewards in the form of ILV are locked for 12 months, sILV offers the opportunity to liquidate your staking rewards immediately. The tradeoff for that is that sILV only can be used in-game and does not provide compounding in any form.

[potent flare]

sILV is only earned through staking

[urban verge]

then what do people get from grinding? like Axie has SLP

[potent flare]

In Illuvium there will be several options to earn 🙂

• sell captured Illuvials
• sell farmed materials
• sell crafted items
• play the marketplace (buy low, sell high)
• wager on battles in the Leviathan Arena
• earn some of the 1 Million ILV set aside for in-game rewards

[manic spindle]

In Illuvium there will be several options to earn:

• sell captured Illuvials
• sell farmed materials
• sell crafted items
• play the marketplace (buy low, sell high)
• wager on battles in the Leviathan Arena
• earn some of the 1 Million ILV set aside for in-game rewards
• …

BUT, while the game will be free to play, in order to participate in the earning part of the economy, a bit of money needs to be invested. A full cycle of travelling, curing shards, etc. is currently estimated to be around $50 (this can still change).

Early on you MIGHT even be able to get to the paid regions just by grinding the free Tier 0 regions and selling items from there because some people will pay for it on the IlluviDex to get ahead.

[civic beacon]

What does it mean core poools? if i have 2 ILV now how much do i earn in a year? anyone, pls?

[lapis lark]

can we like pin this, so future questions can be easily checked.

[eager rover]

The core pool are the main pools for ILV. The alternative are flash pools which allow other projects to stake in ILV for a short period of time to earn some ILV. If you check out the staking website they have approximate APYs to each pool, so it depends which one you choose.

[civic beacon]

Thanks but the core pool is minimum 12 months locked, right? while the flash pool has flexible?

[hearty scaffold]

If I lock my pool tokens up for 12 months is the 750% APR compounding? Or does it get provided at the end of the term?

[eager rover]

No both pools you have the option do either flexible or locked. The locked TIME can be between 1-52 weeks depending on you.

[manic spindle]

No, you can stake flexible in both core pools as well. You just get only 50% of the shown APY 🙂

[wheat kestrel]

Suppose you stake $10K in the SLP pool, are you earning the quoted APY on that $10K or does the APY assume you are claiming rewards optimally or what?

in other words, is that APY really an APR?

[civic beacon]

i see thanks

[brisk surge]

the gas fee for swapping tho :<

[woeful stirrup]

So much impermentent loss

[smoky vigil]

So let's say I stake a few grand in one of the pools and I claim my tokens, they need to vest for 12 months before I can liquidate some of the profits?

[brisk surge]

If you claim as ilv that ilv will be vested for 12 months yes

Regardless if you are flexible staking or locked

[smoky vigil]

okay and if I'm not mistaken, claiming sILV will make me able to use the tokens in game? but I still can't take in out of the ecosystem?

[severe hinge]

Hi, im trying to get ILV thru sushi using my mobile phone- for some reason my metamask wallet isnt available to choose from? Anyone encountered this same issue?

[brisk surge]

@smoky vigil You can use the sILV in game and they aren't locked like ILV is, and you can also use sILV for the upcoming land sale!

Claiming sILV will allow you to use it instantly but only in-game

[smoky vigil]

thanks a lot for the help I appreciate it a lot. So what makes this economy so great is that it's only possible for people that wants to commit for a period of 12 months even if they stop staking after a few weeks using the unlocked pool?

[brisk surge]

Metamask isn't an option on sushiswap, but if you have a ledger or trezor that should work on 1inch

[dull bison]

ILV will be a share on game profits for the game and future games right?

[severe hinge]

I ll probably try that, ive been using sushi but thru my pc, it just this time i dont have access thru my pc

[manic spindle]

Yes, the same max 10m ILV will be used for any game this DAO develops 🙂

[brisk surge]

Yes sir 100% of the game revenue will be distributed to the token holders, and $ILV will be used for all other future games think of ILV is a DAO Game Studio

[dull bison]

Upon maturity of SLP, do you get your ILV and ETH back? Or it is as SLP token that you could sell to either ETH or ILV or any coin?

[brisk surge]

@dull bison Yes you do but you don't get back the same ratio as 50/50 being ILV/ETH let's say ILV is much higher in percent assuming you are staking for a long period of time, maybe the ratio is then 60/40 or 80/20 in which you have more ETH but you also got 80% more of ILV distributed throughout this time!

[dull bison]

Without the rewards, it would be 50/50 still? The rewards are claimed separately right?

[rancid plover]

If I stake for a 12 month lock up, will I need enough ETH in my wallet to make all claims for rewards through out that whole time? Plus whatever I may need to change the unlocked ILV into ETH to continue the staking?

[brisk surge]

No cause 50/50 is only going into SLP but like I said if you assume ILV 2x before ETH does which has happened already then you have a different ratio, this is what we call IL but you would also have much more ETH which isn't a bad thing.

[brisk surge]

You will need ETH (gas money) for claiming rewards but you don't have to claim daily especially where you can see the GWEI (Gas prices) at so best thing I would say is when the gas prices are lower and assess what you are paying in two transactions for claiming to the value you are claiming. Once you claim rewards those rewards are compounded back into ILV pool.

[rancid plover]

So, like everything else, it takes money to make money!😆

Plus every time you make a transaction (i.e. claim a reward) some of that goes to your staked position, right?

[brisk surge]

Yes all of your claimed rewards go towards your staked position and are on a 12 month vesting period

[rancid plover]

I meant some of the transaction gas fees go back to your staked position?

[brisk surge]

No just the actual ILV you are claiming, the gas fee you use goes towards the ETH network.

[rancid plover]

Gotcha! Thank you. Even if your staked position is in SLP? Which is half in ETH.

[brisk surge]

Yes

[rancid plover]

Cool, Thank you.

[dull bison]

Are staking pools available for the foreseeable future? Or they're only open upto a certain amount (ilv/usd/eth) staked? Or maybe time deadline?

[manic spindle]

Core pools will run for three years. They started six weeks ago roughly 🙂

Some important sources of information that everyone interested in and/or new to Illuvium should take a careful look at are:

https://docs.illuvium.io/
https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be
https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac
https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507

[dull bison]

Oh. I thought it was longer than that.. I just got wind of Illuvium yesterday.

If I have $ILV and i dont stake it. I just have in my metamask wallet, will it earn $ETH from game dividends still? Where would the ETH go?

[shrewd river]

Gas fees are pretty brutal for claiming rewards. I'm paying around $80 at 35 GWEI and $225 at 115 GWEI (claiming both pools). London fork seems to have made gas fees incredibly high for the type of transaction we are executing when claiming rewards. Is there anything being done by the ILV team to simplify the transaction or is there anything at all we can do to achieve lower fees (other than the obvious waiting for lower GWEI)? Thanks!

[full sedge]

SLP APY is 751% now, it’s a beautiful thing

[manic spindle]

A) RevDis is paid out in ILV not ETH. B) Only staked ILV are eligable for RevDis, so if you keep it in your wallet, you get nothing 🙂

[halcyon hill]

Why is my stake transaction not completing on MetaMask?

[brisk surge]

Does it say your transaction is pending?

[halcyon hill]

@brisk surge yeah

[halcyon hill]

@brisk surge but it was like 4 hrs ago

[brisk surge]

In MetaMask you can speed up the transaction check https://www.gasnow.org/ and see if you are using Fast gas but it's a little pricy rn but this might be the norm too with EIP-1559 who knows.

[glass surge]

How long would you have to stake to be eligible for revdevs?

[steel zephyr]

does vested tokens are always at the weight of 2 when we claim our staking?

[eager rover]

You are eligible as soon as your ILV is in the pool, flexible or locked.

[eager rover]

Yes

[tall pier]

I see that the contract corresponding to staking SLP in that core pool has a txn on the Ethereum blockchain. AFAIK, that contract/txn spells out how much SLP was staked and how long it's locked, but it doesn't spell out APY/weight/rewards/vesting/etc. Are the details about APY/weight/accumulated rewards/vesting/etc spelled out on a blockchain somewhere? Or is is all on an internal server at Illuvium? Or what?

[glass surge]

Ok thanks 😊. How will the revdevs be paid out, for example let’s say revenue generated from the land sale. Would it be paid as the land is sold bit by bit or all in one go after a certain period?

[eager rover]

I don't know the exact details but you can expect the distribution to happen within a short amount of time

[glass surge]

Ok cool! Thanks sheep

[rich patio]

every transaction made in game (a percent of it) is placed in a vault, the vault then buys ILV tokens and distribute them to ILV stakers.

[glass surge]

Thanks 🙏. I understand that, was just wondering how often it’s paid and how much of it will be paid at a time.

[rich patio]

correct me if im wrong. i believe it's weekly. not yet officialy announced cuz i only heard it in one of kieran's ama's

[glass surge]

Ok 👌🏽

[rich patio]

100% vault distribution.

[glass surge]

Yup 👍🏻 will be awesome. I was just looking for specifics but I’m sure we will find out closer to the time of distribution. Thanks

[fleet island]

When i click "Stake" button got a black screen is that normal ?? 😦

Oh really 60$ fees for the transaction ? 😦

Is that normal 60$ fees ?

[dim wagon]

I tried to claim my rewards yesterday and it was gonna cost like $600 in eth lmao but anything under $100 is about as good as I've seen the last 2 days and I was complaining about spending like 50 last week lmao

[brisk surge]

Really is going to depend on what the gas price is check https://www.gasnow.org/

[fleet island]

it's pretty low
that why i don't understand the 60

[brisk surge]

you're interacting with the smart contract so these claiming fees over time are more expensive and then you have gas prices fluctuating

[halcyon hill]

I made too many requests for stake and they all went through costing me a shit ton

[bold viper]

God damn, the gas fees to add to the liquidity pool are 70USD right now. Is this the norm? Are there simply that many smart contracts?

[white mirage]

If I lock for 52 weeks, I can withdraw original stake plus interest at end of 52 weeks, correct? ILV staking.

[untold bobcat]

Hello, any chance someone could take some time to explain staking, eth/ilv vs ilv, etc, to a noob like me?
I want to invest and keep delaying because I wanna know more but the window of opportunity closing fast with teh ILV price skyrocketing lately.
Ive read most of the posts in medium "9- tokenomics" etc but im not very "in" with crypto talk

[halcyon hill]

If i accidentally loaded up stake requests and they all went through and charged me is there any way to get that money back

[manic spindle]

No, if you lock for 52 weeks you can withdraw your deposit after 52 weeks but your rewards are claimed manually and every time you claim an individual batch is created that gets locked for 12 months of its own and staked in the ILV pool with a weight of 2.0 for compounding 🙂

[white mirage]

ETH/ILV is more risky. Learn about impermanent loss (IL). If you don't know about this, I would say you don't know enough to go that path yet. https://dailydefi.org/tools/impermanent-loss-calculator/

Impermanent Loss = 0 if ETH and ILV move together. The more they diverge, the higher your IL. So if you think ILV will moon compared to ETH, you'd expect more IL.

And here you can see what IL has done in the past for ETH/ILV. As you can see, you'd be better HODLing than providing liquidity over many time periods due to IL. Note, this doesn't include the analysis of the additional rewards you'll get from staking SLP. https://analytics.sushi.com/pairs/0x6a091a3406E0073C3CD6340122143009aDac0EDa

For my part, I feel like I don't understand the risk/reward well enough for providing liquidity. I also know there is more complexity and gas fees associated with providing liquidity. I do have strong belief that ILV will go up relative to ETH. Therefore I'm leaning towards staking ILV.

[sick walrus]

Is it worth claiming rewards throughout or once at the end of stake?

[untold bobcat]

@white mirage what is SLP?

[glass surge]

Throughout if you want the rewards to compound!

[sick walrus]

I'm confused

I'm in the main ilv pool. That compunds?

[glass surge]

Yes

You just gotta claim the rewards, they become staked.

[sick walrus]

Shit I didn't realize that. I only have like .05 in rewards. Didn't think it was worth it with gas prices

[white mirage]

SLP (Sushi Liquidity Provider tokens): https://docs.sushi.com/products/amm-exchange/liquidity-pools

Ahh, so for rewards, if you don't claim they don't compound. Claiming costs gas, but once you do, they'll grow as well and be locked for 12 months from when you claimed.

[sick walrus]

I don't think I added liquidity or anything

[untold bobcat]

@white mirage so say I'm not interested in that part of it because it just looks complicated and I'm not there yet.
I go and buy 5 tokens, and stake them for 12 months in the ilv pool.
What can I expect as a reward after 1 month, for example?

Also, slV and ILV will always have the same value? if I take a reward as SiLV will it not compound anymore, and also not have any use because the game is not out yet?

do I choose between SILV or ILV everytime I take out rewards?

[fleet island]

Where can i withdraw what i deposit in the pool ??

[white mirage]

You can view the current APY, but that changes constantly and generally to the downside as more ILV is staked. My understanding is rewards for staking stay constant globally, but will be split amongst more stakers as more join.

In 12 months I would guess the APY will be much lower than now as more people hear of the game and stake ILV - I wouldn't be surprised by 10% or less. The amount you end up with depends on the APY at each snapshot of time.

As a simple example: if APY is 90% now and 80% next month, then after 2 months you would get an average of 85% assuming you don't claim rewards and restake them.

[cobalt sapphire]

Can someone explain the weighting and how that part works? So if I staked only ILV and locked it for 12mo my APY is 90%. But since the weight for that pool is 0.2 does that mean that only 20% of my investment is going to yield 90% and the rest of it will not bring any return? Thanks

[white mirage]

Where do you get the 0.2 from? I see 2.0 here:

[cobalt sapphire]

I meant pool weighting…

[white mirage]

Since you keep asking, I'll make this so simple a 2nd grader can understand it (kidding):

[untold bobcat]

@white mirage so lets talk in terms of usd, and assume the price of ilv stays at 450 forever and the apy doesnt change in the next month
if I buy and stake 5 of those (2250usd) for 12months on the ILV pool, and take the rewards a month from now, how much ILV/usd would I have in my pool?

Also, if I understood correcly, if I stake the ilv for 12 months, no matter what I will only be able to take anything (that is not silv) out for another 12 months, and the maximum that I'll be able to take out in exactly 12 months is the ammount I initially invested?

[white mirage]

I haven't done maths since I finished Calc 3 and you're not about to trick me into it now. Nice try, demon.

[untold bobcat]

Im just trying to get a picture of how much should I expect to get back by staking 12months on the ilv pool

[white mirage]

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

[untold bobcat]

I've read that and still don't know ahhaha

[cyan rampart]

If APY is 100% when you stake, and linearly decreases to 50% in 12 months (THIS IS STRICTLY AN EXAMPLE, DO NOT ASSUME THESE VALUES).

If you stake 5 coins, and AVERAGE APY is 75% over the year, you'll have 3.75 ILV in rewards at the end of the year.

And yes, your ILV is locked for 12 months, after which you can unstake it, or leave it staked at 2x weight with no lock.

You won't be able to access ILV rewards until 12 months AFTER a claim. So it's up to you when to claim and start the vesting period.

[untold bobcat]

oh so APY means annualy, thats what I was trying to figure out

[cyan rampart]

Annual Percentage Yield

[untold bobcat]

what about Vault, ingame purchases, etc?
Where does all that figures into all of this? or is it only for slp stakers?

[white mirage]

Note, I'm not sure if the compounding is daily, or every 2 weeks as they adjust they apy, every block, etc. But this will be roughly accurate.

[agile socket]

Can staking on Sushi only be done in pairs?

[cyan rampart]

I'd recommend reading the Medium articles if you want to know more about how the vault works, I won't explain it all here.

In-game purchases in ETH are sent to the vault, the vault will buy ILV at random times with the ETH in it, and distribute revenue (revdis) to stakers.

[kind epoch]

So is it safe to assume that there is little to no value in a short term (4-6 month) non fixed stake? At least after gas fees and such.

[untold bobcat]

yeah I've read and understood that part, I was just unsure of percentages and all that, once it happens

[cyan rampart]

@white mirage Rewards are accumulated every block.

[untold bobcat]

@cyan rampart what are the gas fees, generally, for vesting rewards?
Say I wanna compound my rewards monthly, how much would it cost in gas? I know it depends on the current fees but is there a specific gas number?

[dim locust]

HUGE Warning about staking Illuvium SLP. When I removed my ~100 ETH and ~860 ILV from the staking pool, Sushi reduced the number of BOTH coins, not just one in order to keep the balance (aka impermanent loss). So I lost out on the benefit of both coins going up. I lost about $180,000. Don't STAKE SLP!

[untold bobcat]

jesus 860 ilv and I'm thinking about buying 5 XD
BRL is realy suffering here

[dim locust]

I bought SLP Wayyyyyyy lower price

[cyan rampart]

@untold bobcat At about 35-40 gas price I've been paying about $30. I'm not sure the specific amount of gas to claim.

[white mirage]

This is why I'm only going to stake ILV. LP is risky for me when I think ILV will go up massively compared to ETH. Sorry for your loss. I'm sure the early ILV purchase makes up for it. Can you explain in more detail what happened?

[untold bobcat]

well if the calculator is correct and you end up getting around 177 usd in value, its ok to spend another 30 for vesting
you're still up and it compounds