🥩〕staking

[manic spindle]

If you did it like I said, then I have no idea, sorry. Maybe @hexed bough can help or you try it on a PC instead.

[vital kayak]

Now plz, tell me WHICH REWARD button I tap? I tapped one, takes me to METAMASK which didn’t give me a CONFIRMATION screen like 9 times, so I had to RELOAD. I clicked CONFIRM 4 X. I have 16 TRANSACTIONS, for $364 . I’m not seein what you’re saying. Illuvium site has issues

Loop over and over . Like Groundhog Day

[manic spindle]

Please wait for either @hexed bough or @exotic igloo to come around and take a look. It's not going to help anything by flooding the chat with additional screenshots here.

[manic spindle]

Or maybe you get lucky and @median canyon has an idea and time to check it out.

[signal wraith]

So when it happened to me I clicked claim as ILV and clicked stake but meta masked prompted the gas transaction ($30) but NEVER prompted the gas transaction to stake so yes it a cycle of collecting rewards but never staking. Once I moved to my computer I was able to get the 2nd transaction to pay gas to stake.

[vital kayak]

I LOVE ILLUVIUM. Totally researched so many projects and decided go all in . Hope I can stake my new ILV purchases SOON. I need to sleep some now, super depressed 🙁

[vital kayak]

Ok thank you 🙏🏻

[manic spindle]

@subtle igloo

!lp

[woven ibex]

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

[hexed bough]

Hey @vital kayak , I'm sorry you're experiencing issues. Can you send me one of your txs via DM so I can see what's happened?

[vital kayak]

Yes sir. Thank you 😊

[subtle igloo]

thanks @manic spindle

[stoic arrow]

Hi so very newbie to staking. Is there a minimum requirement of staking in Illuvium? or can I stake the smallest amount possible and still get rewards?

[thin patrol]

There is no minimum but it would be really unvise to stake less than what you will pay in gas fee - And of course the more you stake the more you get

[stoic arrow]

I see. Thank you!

[opaque coral]

Hey @manic spindle, when we stake again and claim rewards in the same transaction, is there a differentiation between the rewards of eth/ilv and ilv pools? Basically I want to claim the rewards of two pools and stake some more ilv in the same transaction. Is that possible?

[barren tusk]

In the end was the problem resolved? And if so, how was it resolved?

[manic spindle]

ILV pool can be claimed individually, LP pool always requires claiming both pools if I remember correctly. I'm only in ILV myself, so I cannot speak from experience, sorry 🙂

[opaque coral]

Oh thank you anyway maybe someone who staked on both pools can elaborate

[signal wraith]

When I claimedy SLP it did prompt to claim ILV. In the video he explicitly says when claiming from SLP it requires you to claim from ILV

[hexed bough]

For some reason @vital kayak was only prompted to claim rewards, when making a new deposit, and the transaction to actually make the deposit was not being triggered. This caused them to get into a loop, claiming rewards and never actually making the deposit. I'm looking into this right now. In my initial tests, it's working as it should using metamask mobile on Android. Both transactions appear one after the other. Will test iOS as soon as I can.

[barren tusk]

Yikes, it also seems to be a phone only problem and not desktop/pc. Never had that issue before

[signal wraith]

Same happened to me on mobile it didn't work the first 2 time but the 3rd time I got the 2nd prompted that's how I figured I would just do it on desktop.

[hexed bough]

Well it's working okay on Android/Metamask too, so it might be an iOS only problem. Sometimes though MetaMask mobile stops being responsive and causes weird things to happen. The only fix for this is restarting the app. Maybe it was that. I'll continue the investigations and report back.

[hexed bough]

Oh really? Are you on Android or iOS?

[signal wraith]

I am on Android. Pixel 5

[barren tusk]

Maybe also a good idea to make a PSA, please do not use the staking platform on iOS, working on known issues etc..

[signal wraith]

It also did the same thing when I tried to withdraw my flexible stake. I got the gas fee prompt to claim reward but the gas fee prompt to withdraw never prompted

[naive cloud]

I've noticed that as ILV price rises so does the APY in the SLP pool. Could this continue to offset the drop in scheduled rewards on the fortnightly basis (assuming the price continues to steadily rise)?

[half rain]

was going to try staking my 500$ in ILV but is it just for people you have 1000s of dollars? 80$ fee in etherium just to stake it seems way too high, thats like 4 month just to get the fee back ?

[half verge]

ok

[thin patrol]

@half verge lets talk here - So yeah locking it gives higer APY and later on it will give you REVDIS as well

[half verge]

why cant I answer?

[thin patrol]

There is 30 second cooldown between every message

[vague thistle]

I had this problem and had to switch to PC

[half verge]

got it. this is my first staking experience. I staked for 4 weeks

[thin patrol]

So you locked staked in core pool normal ILV for 4 weeks?

[half verge]

yes. I was not sure how it works. but 90% ROI after one year... wow hard to believe

[half rain]

thats what i was trying to do. 4 weeks, for my 1st time. what was the eth fee you had to pay?

[thin patrol]

yeah it's pretty good im in 2 pool ILV and SLP so i get 56% for flexiable ILV and 760% on SLP pool :)

[half verge]

incredible

so as I said I am new to staking. Is this common to get so much RIO . and why do they call it APY instead of ROI?

[thin patrol]

OKay so yeah it's pretty common in crypto

[half rain]

Annual Percentage Yield

[half verge]

but its basiccaly the same thing right?

[thin patrol]

No because ROI is return on investment - Crypto is really unstable so they do not claim "you investment returned by that time"

[half rain]

ROI is Return on investment, how long it takes to get what you invested back

[half verge]

ah yes.. ofccourse

what other coins have these APY? do you know any other examples?

I have a lot of ADA TOO, But that APY is around 5% i think

[thin patrol]

Pancake swap with all the pool where they are 60 - 600% - And yeah there is a reason why ada is low (ADA is a lot more stable / safe than alot of the tokens with high APY often its high APY = High risk)

[half verge]

I think like 20USD

[half rain]

it wanted 7$ then like 75$ for me :/

[half verge]

OK , sounds good. i will lock up my 30 ILV.. and wake up millionaire after 2 years.. lets gooooo

better suggestions?

[potent flare]

dont forget to claim your rewards periodically to have that compound interest

[vague thistle]

How do you get to a million with 30ILV?

[half verge]

praying

if this is the next pokemon, for sure

[soft trail]

I wanted to add to my current stake and instead it vested it separately (my new deposit and rewards). Will this have a lower return in the long run compared to having it vested in a single entry?

[potent flare]

in order to add to a stake, you have to claim the already accumulated rewards. They are claimed and vested for x2 weight, so its fine

[half verge]

ah thanks!

[soft trail]

Nice. I am locked in for a year. See you all by then. Lmao

[potent flare]

dont forget to periodically claim your rewards

[cloud quiver]

Interesting. Where is the math on this?

[soft trail]

1usd = 50php. There's your math. 😄

[half rain]

If ILV is locked when the game comes out, assuming you cant use it in the game?

[soft trail]

They'll let you use sILV

[half verge]

yes.. it will only compound if you claim ILV right?

[half rain]

sILV is the in game version right? which you have to turn ILV into sILV, which again im assuming you cant do if its locked?

[feral fox]

I have 2 IlV which core staking pool is recommended? Im not sure wich to choose

[half verge]

same question

600% saounds better than 90% bbut whayt is the catcch

[soft trail]

Will do. The gas fees are lame though.

[potent flare]

in order to add to eth/ilv pool you have to add liquidity on sushi with equal ammounts of ILV/ETH then take the SLP token value and stake in in the 700% core pool. This will require ALOT of gas to do. So id you have a small amount its alwasy better to choose the first core pool

[feral fox]

Ok thanks 😊

[half verge]

and with 30ilv?

[potent flare]

it is up to you. I can tell you that i added back when ILV cost 160$, 6ILV/0.5 ETH to the SLP pool, it is doing pretty well for me

[feral seal]

I staked in ILV pool 12months locked. Can i stake on ILV again using Flexible?

[soft trail]

Claiming rewards will vest it right? so locking in for a year, and vesting is automatically another 12 months. does that mean we get our returns after 2 years?

[potent flare]

no, if you lock your investment for 12 months that is only 1 year. if you claim your rewards that will count down 12 months after the moment you claimed it

[potent flare]

yes you can, but in order to do so it will require for you to clam your already accumulated rewards WHILE staking

[feral seal]

so how can i claimed the rewards from when it is locked for 12 months??

[soft trail]

Staking is for the looong run

[half verge]

so I have to claim it every 2 days or so

[potent flare]

your rewards are not locked yet, they will only be locked when you claim them and if u want to stake additonal amounts you will have to claim already accumulated rewards

[feral seal]

and it needs to be vested for another 12months right? vested does it mean it will be lock again for 12months?

ok got it

[potent flare]

doing it one time beats a hundred explanations, until you see it with your eyes you can have your question answered 10 different times without much use

[feral seal]

thanks Shabim

So how will it work if i put ILV for 12months today then another 1 ilv to put in flexible at the same time?

[potent flare]

i do not think it would be worth to put 1 ilv in flexible due to gas, it will take a long time for 1 ilv in flexible to be worth the gas of claiming and staking

[feral seal]

i see. so do you think 2ILV that i put in locked for 12months is enough? i wanted to get the sILV to be able to use it in december

[potent flare]

probably, you should see how much rewards you are getting per 24 hours and multiply that by 4 months and see how much sILV you could get

[vague thistle]

Rewards go down as APY goes down right? It's not like my lock at 100% APY will still be that in 12 months

[feral seal]

nice. then i could use it right away after claiming the rewards right? if its sILV i can get it immediately but if ILV it will be vested or locked for 12months again right?

[potent flare]

yep

[feral seal]

last question shabim sorry, so if i get the sILV as a reward where will it go? in my metamask wallet? do i need to add that token to be able to see? thank you!

[potent flare]

that i do not know, but i suppose so yes, it is an erc20 token afterall

[manic spindle]

!contract 🙂

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV Token: 0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2

[manic spindle]

sILV is a regular token, yes.

[flint tusk]

I converted ETH to ILV on sushiswap in MetaMask 1.5 hrs ago and it’s not showing up? Help please.

[feral seal]

thanks stormi! appreciate it.

[potent flare]

did you add the correct addresses to metamask? message above yours and is your transaction shown as pending?

[flint tusk]

Yes, used the contract address from etherscan, typed in iLV as the token, and I sure about the precision?

[potent flare]

idk try with 0x767fe9edc9e0df98e07454847909b5e959d7ca0e just to be sure

[junior shuttle]

post transaction hash

[flint tusk]

What do I use for that?

[vague thistle]

Check Etherscan

[junior shuttle]

go to metamask where the transaction is and navigate to etherscan

[flint tusk]

0xbedfd8b1c44574f3d9736b5cca75c5001798fef79900184d024a0f2f97120db6

That’s the transaction hash

[junior shuttle]

you have ILV in your wallet

@flint tusk add the token contract address to you metamask wallet: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e

[flint tusk]

Got it thanks!!!

Great community and thanks for jumping in to help. Can’t wait to grow illuvium together!

[stuck rune]

will there be a way to claim ilv pool and slp pool rewrd in 1 transaction? since slp have to always do both?

[meager quartz]

If I LP into the ETH/ILV pool, when I want to claim my rewards in ILV, do they get put into the ILV only staking pool and earn the rewards for that pool whilst I wait out my 365 day vesting period?

[signal wraith]

from my understanding yes

i have also claimed ILV before and it did go into my ILV pool. i am staked in ILV and SLP

[sour glen]

Hi, Are AXS staking already working?

[manic spindle]

The flash pool for AXS has already ended a few days ago 🙂

[sour glen]

Is it going to reopen?

[manic spindle]

Not any time soon, if ever.

[meager quartz]

didnt know we had any interaction with axs

[manic spindle]

Flash pools are a means to introduce ILV to other communities. We had SNX and AXS already, next is most likely XYZ now and then the council is voting on following ones.

[steep quail]

bought another token on this mini dip. Up to this point I have staked my other ILV in the Sushi LP pool. 2 Questions: Is it worth sending one token in to ILV stake as a hedge against impermanent loss? If I do this do I have to claim each separately, or does it roll all in to one reward? Gonna hodl and grind the game.

[alpine bramble]

Hello guys, I'm newbie in crypto here (I've already watched "Illuvium staking tutorial")
I would like to ask you about between LP and ILV pool which one is better in term of profit? my condition is I'll lock up for only 4 months.

[signal wraith]

that is based off your own assessment on what you think ILV and ETH will do and based on the declining apy over the next 4 months with new investors

[lethal kite]

Hi, question question, I have rewards in the axs stake pool, and when I claim the reward and get my axs back, it has double gas fee as metamask pops up 2 different gas fee, is it one to restake the reward and another to transfer the axs back to my metamask?

[signal wraith]

yes

[lethal kite]

ouch~

ouch, ok thanks! those 2 gas fees really negates my staking at all, haha.

[junior shuttle]

you can try to wait and see if it will get lower.

[lethal kite]

kinda like never got lower since the london fork

[signal wraith]

yeah you you gotta calculate how much you the gas fees are with what you thing your profit will be. The more you stake the less gas fees matter because you return is higher.

[lethal kite]

ya but it is just a flash pool

[signal wraith]

exactly why flash pools are not good for small investments

[steep quail]

bought another token on this mini dip. Up to this point I have staked my other ILV in the Sushi LP pool. 2 Questions: Is it worth sending one token in to ILV stake as a hedge against impermanent loss? If I do this do I have to claim each separately, or does it roll all in to one reward? Gonna hodl and grind the game.

[signal wraith]

when you claim SLP it makes you claim both.

[lethal kite]

ahahah is ok

[proven karma]

I made the mistake of buying AXS in order to stake in ILV lol. Could have bought more ILV to stake in SushiSwap but you live and learn. I suppose if you where an AXS early holder flash pool would allow you to get some ILV exposure but being new to both, this experience only help to confirm how much more value ILV token gives us over other projects. Very bulish now.

[fringe spade]

If you had 8.91 ILV to unlock, would you do it now?

[covert plover]

So this is strange, i see the screen that says "Your stakes" and it shows the correct amount staked, and then I select "go to pool" and it just shows my liquidity, when i stakes i selected the "flexible" option. How would i unstake as I don't see the option anywhere?

[spring merlin]

Unlock as in withdraw or Unlock as in claim rewards? jw

[covert plover]

unlock as in withdrawl, i don't actually want to, just to make sure that i can

[spring merlin]

For your question I think the answer is go to the Vesting tab

[covert plover]

Hey @spring merlin that's perfect, and what i was looking for, thanks so much

at 89.21 percent right now, no need to do anything now, but might be taking profits farther down the road

[gentle lily]

Hey guys, just stacked (locked) yesterday, but got one question :
What are you doing with your rewards when you claim ?

[spring merlin]

Mostly people have been claiming as ILV, but some may start claiming sILV to use in-game

[covert plover]

Hey @spring merlin, one more question, does your earned ILV rewards compound, or do you have to claim them to compound interest?

[spring merlin]

You have to claim. My personal calculation for claiming is when 1 week of interest from the claimed rewards = gas fees I pay to claim. But when I started I was fine with 2 or 3 weeks of interest being equal to gas fees just so I can build up the compounding.

[manic spindle]

Only claimed ILV are re-staked and thus compound.

[covert plover]

Thanks guys, yeah I'm going to be looking at those same metrics, always about the gas fees 🙂

[opaque coral]

If you are invested in both pools, what is the optimal way to claim both?

[spring merlin]

If you claim SLP it will claim both pools.

[opaque coral]

And will I pay twice the gas fees?

[clear locust]

where can I find staking analytics? total staked/total supply, etc

[gentle lily]

Hmm so every time you claim, you check gas and if its < or = to the gas fees, you ccan claim right ?
And when you claim, if you claim ILV you reinject it in the pool, or you claim silv to use in game ?

[spring merlin]

Yes claiming SLP is double the gas fees as it claims two pools. It has to clear out the existing ILV pool rewards so it can add to that stake.

[gentle lily]

on the website, overview

[spring merlin]

Yeah, so I'll calculate a week's interest from the claimed rewards. Maybe that's $80 or something. And if 2x gas fees is less than that I'll claim since I stake in both pools.

Though almost every time I've claimed the actual gas fees I've paid have been 20-30% lower than what MetaMask quoted. YMMV.

[gentle lily]

Alright, thanks man !

[clear locust]

thanks, so does the market cap on coingecko not include staked ILV?

[bold viper]

I just mannaged to stake some stuff in the liquidity pool finally

The value of ILV better stay up so I can buy all the tshirts from a small business I found online so it stays afloat

[cloud quiver]

Is there a guide on how to stake ILV through metamask secured by a trezor or ledger? Or should I just piece together multiple youtube videos to figure it out

[fringe spade]

Claiming rewards.

[swift verge]

What are the benefits of staking ILV over SLP? Im ready to stake my Metamask ILV tokens long term and trying to figure out the best route. Appreciate any advice

[fringe spade]

First some normal ILV stake.. then work on your LP pool.. but keep in mind , there are alot of fees.

[elder dawn]

ILV has a different risk profile than staking SLP. SLP connects you to impermanent loss, and requires having equal ETH. Just doing the ILV pool means you're only connected to the ILV price.

[swift verge]

@elder dawn @fringe spade Ok that makes sense. I now feel more comfortable staking into the ILV pool. Thanks for the help

[spring merlin]

My calculation is claim if total gas fees would be less than one week of interest from the newly claimed rewards. In terms of ILV that's probably somewhere around 10 ILV.

Just what I'm going for ofc, claiming at higher or lower amounts might make sense depending on one's staking position or overall goals.

[exotic igloo]

Is it resolved?

[fringe spade]

👍 👍 😍

[viscid bear]

When I claim my rewards, it says they are vested for 12 months, is that 12 months from the day i claim? or will I be able to unstake everything after the 52 weeks I had my ILV staked

[elder dawn]

My understanding is that rewards vest 12 months from the day you claim. Your initial stake will unlock based on your initial lock period, then all rewards will essentially be a rolling unlock 12 months after claim. Example: You staked and locked for 12 months starting 8/1/21, your stake will unlock on 8/1/22. You claim rewards every week starting 8/8/21. That initial reward will vest on 8/8/22, and then each subsequent reward claim would unlock weekly following that.

[signal wraith]

From when you claimed

[viscid bear]

Ok, I got it now.. Thanks guys, maybe I shouldn't of staked for a whole year but the 90% apy looked tasty lmao

[candid sigil]

yeah im afraind after that 12 months everyone will sell and take profit

[elder dawn]

hey, at least the locking is guaranteed HODL. You can't be tempted by the crazy price action and bail too soon.

[candid sigil]

i think ill lock in like 8 months, profit and reinvest atfter

[drowsy wigeon]

Dude no ones gonna sell after revdis kicks in.. theyd be stupid if they did

[elder dawn]

Remember, if you sell, you give up on rev dis. in a year, we'll see the value of that, which may outpace the value of the token itself.

[viscid bear]

whats revdis

[candid sigil]

i dont play the game, im jsut here to make money

[drowsy wigeon]

U get 100 percent revenue back from in game purchases

[viscid bear]

ahhh

[elder dawn]

revenue distribution - the money taken in by the game and a portion (5%) of NFT sales goes to the vault and is distributed to staking token holders

[candid sigil]

so this whole think is about hodling then

[drowsy wigeon]

Its like if u hodl ur token, it makes alot of babies lmao

[viscid bear]

Whats the difference between sLIV and LIV

[candid sigil]

sLIV is for in-game

[brisk surge]

!sILV

[woven ibex]

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.

[viscid bear]

hmm ok

[empty moth]

Good day all! I am new to all this and have a few questions about the staking.
In particular, is there a certain amount that needs to be staked in order to benefit from staking early?

[eager rover]

There is no certain amount, but you need to be aware of gas and the cost of staking.

[elder pasture]

Is there any chance when claiming rewards to claim rewards from LP only? Those gas fees are getting ridiculous again. I just paid 150 bugs just for vesting.

[empty moth]

@eager rover I am aware of gas, what other costs of staking are involved?

For what duration will you benefit from the bonuses mentioned in the white paper?
What are the staking periods?

[candid sigil]

So if i buy for 10K worth of ILY for 0.0003% of the marketcap right now, and then the game bring back 1b in revenue to share, thats 30k in revdis?

[eager rover]

Unfortunately no

[elder pasture]

So I need to pay 150 bugs every week, just to compound. Not cool..

[eager rover]

You don't HAVE to compound every week, you should only do so when it makes sense

[elder pasture]

20 ILV should make sense... but yeah, just not very eco friendly

[eager rover]

Gas is the only cost. You can choose to lock your staking for 1-52 weeks, or keep it unlocked.

[candid sigil]

get rich or die trying

[dusk fog]

As I'm new to YF and all that I have a question. APY in ILV pool is lowered every fortnight, is it the same with the SLP pool or what determines the APY of that pool?

[elder pasture]

I would assume there is some fixed allocation of ILV rewards/day or so. More is in the pool less rewards you get. That means LP is not growing much bigger, while ILV pool is = new people staking and vesting from LP pools.

[real nebula]

if we have to pay separate gas fees for each pool when claiming, why are we forced to claim both simultaneously?

id much rather just claim my LP rewards since they are 10x the amount of my ILV only earnings

i basically lost money on gas fees for the single token vault

[exotic igloo]

#🥩〕staking message

TLDR : cheapest way for the user to compound.

[real nebula]

so you're telling me the most efficient method was to force me to pay $33 to claim 0.03 ILV?

somehow I am not buying that. that math only makes sense if you are balanced in allocation, or heavy toward the single token vault

[dawn junco]

this was my first time staking and i probably won't do it again. a lot of fees and things the official guide didn't mention like having to pay another transaction fee for connecting metamask when clicking "stake" even before the real staking fee. the guide also only talked about having eth for gas fee and didn't say a thing about the sushi lp pool needing matching eth. might be obvious for some, but as a person just following the guide bc i want to support this game, this was a true nightmare. probably lost a lot of money now

[exotic igloo]

Would cost you way more to claim them then re stake them manually. Have you read the message from Aaron? It needs to happen anyway for the calculations.

Nothing you can do about it and we have been saying it multiple time everywhere that SLP is much more costly.

[exotic igloo]

Did you watch the staking video pinned in this channel first?

Would have made it easier for you.

[dawn junco]

I joined the Discord only afterwards

[exotic igloo]

The fee you pay is not unique to Illuvium staking. All applications that are decentralized need you to approve the token you want to use before they can use it.

Also we do not recommend going for SLP even if the apy seems so much better, when you have a small investment. Cause it gets eaten by all the gas fees.

[drowsy wigeon]

What do u co nsider a small investment

[exotic igloo]

Anything under 1000$

You can easily lose 15% of it to fees instantly just by starting to stake SLP

[elder pasture]

Guys, are you sure that calculator for compounding is in hours not days? I am getting that I should compound every 5 hours which does not make much sense at all. According to my calcs it would be more like 5 days to break even 😮

[exotic igloo]

Do not use those calculators.

They are optimized if you have infinite amount of eth to process the transactions fees.

[elder pasture]

Let's say I have. Those numbers are not good.

[exotic igloo]

We where claiming twice a day when the gwei was 5

Maybe the calculator got changed and is not good anymore

It is not official anyway.

[elder pasture]

you provide gas cost there. I did 100 bugs for both pools. Still say 5 hours with my numbers.

[exotic igloo]

You have more than 2000 ILV ?

If not, it is wrong.

[elder pasture]

Now you make me think we are talking about different tables. I am talking about when to compound rewards from LPs.

[exotic igloo]

You talking about the calculator from Joe that are pinned?

I am going to remove those.

[elder pasture]

Please do, those numbers are way off.

[exotic igloo]

I recommend claiming on sundays when the gas is low.

Once a week if it makes sense for you with gas fee.

Otherwise wait for more weeks.

[elder pasture]

That is what I was doing all the time. But today the gas cost with London patch were almost 100 bugs, so I had to go back to drawing board. And I think my 24 SLPs are nothing humongous and it is barely worth to claim it once per week. I pay over half of what I get in vested ILV in a week for gas. Just saying.

[ocean anvil]

hello guys I am new to crypto can anyone here guide me in staking

I already know the process but I dont know where to stake. ILV or SLP?

[exotic igloo]

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

[ocean anvil]

I have a thousand dollars to stake

is it better to stake on SILV OR ILV?

[glass surge]

I’d watch the video Rahlord linked.

[ocean anvil]

I've already watched it but I can't make up my mind on what's better because of the gas fees

[elder pasture]

you can't stake sILV. That is not a token. That is ingame.

[glass surge]

Do you mean SLP or ILV pool?

[next ruin]

sILV is not something you can stake - you are referencing SLP. I staked a similar amount in SLP pool, but I am familiar with crypto transactions and very selective about when I made transactions to minimize gas fees (ended up being over a week, beginning to end). If you are new, it probably makes more sense for you to stake in the ILV-only pool. Far less to go wrong there due to fewer and simpler transactions. Rewards are still great. Ultimately, it is your decision to make.

[ocean anvil]

ohh okay I meant SLP

[glass surge]

Personally I would stake that much in the ILV pool, and only claim rewards when gas is super cheap

[elder pasture]

As a beginer please stay away from liquidity pools.

[glass surge]

Gas could quickly eat up your rewards

[crimson gull]

Where can I view the rewards I get from staking through ledger + meta mask? Staking ILV

[cloud quiver]

As more ILV is purchased and there are more users, will the amount of ILV distributed as staking rewards decline?

[glass surge]

On the staking dashboard

[ocean anvil]

what's the recommended minimum investment in the liquidity pool?

[cloud quiver]

How did you stake through ledger as well? I was trying to find a guide or video on this for added security

[crimson gull]

Thank you Wally, how often does it update?

[glass surge]

It’s the same as usual, the only thing you need is your ledger connected and approve the transaction

[crimson gull]

You have to connect your ledger to meta mask and add ILV as an account and then you sign the transaction with the ledger

[glass surge]

Constantly

[fading nexus]

Every slp provider gets one free t1 land now? 😬🤔😏😘

[exotic igloo]

Lmao

[fading nexus]

😉

[ocean anvil]

Someone said to me that it's already to late to invest in Illuvium because the token is already up by 1500%, what are your thoughts?

[proven mason]

You know, if you make distributions too blatantly in favor of early adopters, it'll stop more people from joining in later.

[exotic igloo]

Yes

[glass surge]

Just do some research, think about where you see the project in the future and invest accordingly.

[proven mason]

And I say this as someone who'd honestly love to get in on an ILV land play. 😛

[rich patio]

were just about to start so it's never late. game not even out yet.

[proven mason]

I mean, yes and no. Yes, if you were going to invest, then a month or so ago would have been a way better time to do so. The question you need to ask yourself is whether you believe in Illuvium as a long-term game and project. Because if Illuvium is successful long term, then the token has every chance of going way higher.

On the other hand, if you think NFT games are a flash in the pan and you're just looking to make a quick buck, then yes, you probably missed your window for massive short-term gains.

[ocean anvil]

thank you for that answer I really appreciate it. I also consider external factorrs and the game itself and I think Illuvium will be the game changer in the gaming industry

[proven mason]

It's really just the pros and cons of getting into a project early. The earlier you are, the cheaper it is, because there's still a lot of risks before the project really gets going. I mean, compared to the initial pre-seed tokens (according to the whitepaper, the first 500,000 ILV was given out at 1$ apiece), the token is up a solid 50,000%.

[glass surge]

@ocean anvil have you read the whitepaper?

[ocean anvil]

I just ran a quick scan I haven't read it thoroughly though

[proven mason]

Right now, the game is still pre-launch. We haven't seen a gameplay trailer, or the economy in action, and there's no shortage of examples of highly-anticipated games that ended up being flops. And if that happens to Illuvium, then the token just wouldn't end up being worth much. With that in mind, there are still some very important risks to consider. But at the same time, if the game comes through those risks without major problems, that's a valid reason for the price to go up.

[exotic igloo]

You should before investing.

[glass surge]

Ok 👍🏼 that would be the first place to go and research. Give it a good read, then look at the mini game “Game design document 📄”.

[proven mason]

Isn't the mini game game design doc about Illuvium zero? I was under the impression that's still dependent on a successful council vote to happen.

[glass surge]

Yeah, that is correct. But it gives you an idea of where we are headed and what the future can bring.

[proven mason]

Alright, cool. Wanted to make sure I understood where things are at.

[finite pine]

Is it worth it to stake ILV if you own less than 1 whole token?

[glass surge]

It might end up costing you more in gas than any rewards

[proven mason]

Depends on whether you're looking for short or long term gains. If you're willing to lock it up for the whole year and wait, then you'll earn more than you spend on gas fees. If you're waiting for the token to spike and sell, it's probably not worth it for you.

[finite pine]

Definitely looking to hold long-term as I believe illuvium will be a massive hit in the Bloch win gaming industry, I just unfortunately showed up to the party a lil late and haven’t had the time to accumulate my tokens

[proven mason]

So here's the deal. You pay the gas fee once to stake, and then once for each time you claim rewards, and then one last time for each time rewards have finished vesting. At current gas prices, you'd be paying something like 0.2 ILV to do each of these things. This isn't necessarily a dealbreaker, but it does mean that to actually see a profit, you'd pretty much want to lock it for the full year, and accept that you can't even claim rewards for a good six months or so

Which, considering the year-long lockup after claiming, means you wouldn't be able to withdraw any of those rewards until around eighteen months or so from now. That could still be a net profit for you, but you're basically all-in on account of how significant the gas fees are.

[finite pine]

Thanks so much for the quick reply and explanation of how the staking system works I think from what you’ve said I’m better off to just keep buying up ILV until I can get a significant bag

[proven mason]

Yeah, that's reasonable. If you intend to buy more ILV in the near future, then by all means wait until then to stake. Especially because you actually have to claim your rewards before you're allowed to stake more.

[gloomy gazelle]

There is a video pinned in here that is a good tutorial on how staking works.

[slender ocean]

Because of the staking pool i wouldnt say its too late... 700% apy is making many lock in for a year... Thus ilv is more unlikely to crash like other coins after a pump

[slender ocean]

what did i say wrong??? lol

ok np

[gloomy gazelle]

You know you can go back and delete this whole mixup if you wanted.

[cloud quiver]

I added some more ILV to my ILV already staked in flex. So of course I had to claim the rewards already accrued when staking additional ILV, when I go to the vesting page the reward ILV is in there but it says it's at weight of 2.0, is this correct? I thought 2.0 weight was only if you did 52 weeks?

[exotic igloo]

Your rewards are locked 52 weeks in the ILV pool.

So this is correct.

[slate flower]

When I'm claiming my rewards, it's saying it's going to cost $60 - last time I claimed rewards I thought it was only a few $, and gas fees haven't increased that much - I could be wrong though. Is everyone else encountering similar prices? And are there plans to reduce the gas price of claiming rewards?

[cloud quiver]

Totally understand that part. But does the weight of 2.0 mean they are doubled once they vest? Or am I misunderstanding the "weight" aspect of it.

[exotic igloo]

It means you get 2 times the rewards on those token while they farm compared to if their weight was 1.0. Also applies to revenue distribution.

[proven mason]

What's doubled is the interest rate you earn.

[jolly ridge]

Wasnt sure that also applied to RevDis....good to know

[exotic igloo]

You won't pay the full amount. When the transaction is completed it will use about half of that amount.

[slate flower]

Ah okay. Thanks for that!

[cloud quiver]

So lets say that staking reward was 1 ILV. It is claimed and waiting to vest. I have 4 other ILV already staked. That 1 ILV is earning rewards at 2.0 while the other 4.0 is earning at 1.0?

[exotic igloo]

Exactly if your 4 ILV are staked flexible.

So it is compouding

[cloud quiver]

Haha wow. Didn't understand that part until now. So there are benefits to claiming rewards frequently, (i.e., weekly, monthly, or quarterly)?

[exotic igloo]

Depends on gas fees.

In the beginning when gas was 5 gwei I was claiming twice a day

Now I claim once a week.

[glass surge]

How much are you guys paying in gas per ILV? I was doing $1 at first but what do you guys think?

[final steppe]

Ugh— the good ol days 😆

[clear pelican]

Question what are the pros and cons of claiming $ILV vs sILV?

[exotic igloo]

About 1$ per ILV yea

Which is worth it hahah

At the prices now

[final steppe]

I guess it’ll depend on how much people have staked, yeah? I’ll usually wait till I’ve got 7-10 ILV waiting and just claim on a Sat/Sun when gas is low. I guess if I were to calculate it like you did… maybe around $0.75-$1

[glass surge]

Yeah lol sometimes I think to myself wth. An ILV is 3 digits here I am waiting for $1 per ILV

[exotic igloo]

Otherwise i'd need a full time job salary just to claim

[exotic igloo]

Hey

!silv

[woven ibex]

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.

[exotic igloo]

!ILV

[woven ibex]

ILV is not needed for gameplay in any way. Instead it has three main functions:

Governance:
Together, we have the power to shape the future of Illuvium through our community collaboration on game improvement proposals as well as electing the initial model of governance, the Illuvinati Council.

Liquidity Mining:
Here, you will gain more ILV (or sILV). Additional ILV will increase your voting power in governance & increase your share of vault distributions.

Vault Distributions:
When you stake ILV, you share in Illuvium's success and earn a passive income of additional ILV, funded through in-game purchases and fees. Vault distributions will only be available from sales and once the game and Illuvidex are launched.

For further details please read:
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

[clear pelican]

So if I will be concentrating more on the gaming aspect it would be better to earn in sILV?

[glass surge]

Ok 👌 I was doing similar but gas has been super high recently. Hopefully tomorrow it will be lower and I can claim! Kills me seeing those unclaimed ILV

[silk meteor]

Maybe this will help everyone.. I struggled with when to claim rewards:
-let’s say you staked to ILV pool or SLP or both and your daily reward averages about 5 ILV (and this will vary).
-so 5ILV x ILV price let’s say 500 x 0.90 for ILV pool apy / 365 days = $6.16 usd you’re earning daily
-So if gas fee is about $60
-it makes sense to claim about every 10 days.
This is how I calculate frequency of claim for me. Pls correct me if anything is off. Happy Farming!

[exotic igloo]

If you want to spend it in game then sure.

Only claim the rewards when the game is live to save on gas fees since sILV doesnt give you more

It doesnt compound and doesnt farm rewards.

[clear pelican]

got it. thanks for letting me know about the ingame benefits using sILV. very important for gamers like me.

[clear locust]

Anywhere to see metrics on locked ILV via time distribution? like % of staked ILV locked for 3months, 1 year, etc

[exotic igloo]

Not yet.

[radiant musk]

I just wanna know estimate figures, if i Stake 1 ilv in the ILV pool and locked it till november how much ILV will i get in 3 months.

[exotic igloo]

Take the APY you get if you lock for that amount of weeks and devide it per 12.

That tells you how much % in DOLLAR amount you make per month if it doesnt change and if the token price doesnt change.

Which will change every 13 seconds

So there is no point in calculating really.

[radiant musk]

I don't know where to find that information, can you not just provide an incredibly rough estimate?

[exotic igloo]

I can show you how to find the information

Go to the staking website and in the core pool click on stake for the ILV pool.

Click on locked and move the slider around for the amount of weeks that you want to lock for.

It will give you a APY estimate.

[radiant musk]

I tried that but I need to connect a wallet before it will show me anything.

[exotic igloo]

Connect your wallet

[raw basin]

what is the formula to calculate the amount of ilv you receive, i feel like since the price hs been going up my rewards have slowed down a touch?

[exotic igloo]

Formula is too complex to be calculated cause you dont have all the variables.

[silk meteor]

Maybe this will help everyone.. I struggled with when to claim rewards:
-let’s say you staked to ILV pool or SLP or both and your daily reward averages about 5 ILV (and this will vary).
-so 5ILV x ILV price let’s say 500 x 0.90 for ILV pool apy / 365 days = $6.16 usd you’re earning daily
-So if gas fee is about $60
-it makes sense to claim about every 10 days.
This is how I calculate frequency of claim for me. Pls correct me if anything is off. Happy Farming!

[exotic igloo]

People in each pool, token weight of every tokens compared to yours, tokens distributed per block, people entering / leaving the pool.

[ornate cypress]

I dont think im understanding. The apy is based on what you put in not the price of ILV

[exotic igloo]

APY is a dollar metric.

So yes the APY goes up if the token price goes up and no one else joins the pool.

[silk meteor]

This is rough estimate. Like Rahlord said there are many variables.. people entering and leaving the pool, fluctuating ILV price, etc.. even the same gas gwei will be different depending on ETH price..but you can only guesstimate what your reward would be if you calculate how many reward ILV tokens you get per hour from the time of staking, and you go from there..daily ILV reward * currnt ILV price *current ILV Pool Apy for 1 yr lock (0.90 if 90%) divided by 365 days will give you a daily usd reward amount

[ornate cypress]

Daily ilv reward in usd ?

[silk meteor]

When you get this rough daily amount, then you can compare it to current gas price to see if it makes sense

[silk meteor]

I’m sorry if I’m making it more confusing 😂

[ornate cypress]

I'm getting $1 in daily earnings but that doesn't make sense to me. I'm getting over 1 ilv a day

[silk meteor]

Yes my current daily ILV reward is around 15 ILV, so 15x529x0.9/365 will give me daily compounded reward dollars if everything stayed the same

[signal wraith]

15 ILV a day what a absolute monster

[ornate cypress]

Seriously... 15 a day lol

[silent spire]

I have ~15ILV at stake

[silk meteor]

If you’re getting 1 ILV reward daily, then 1 x 529 current ILV price x 0.9 yield divide the whole thing by 365 then you get $1.30 usd daily so if gas price is $60 then you should claim every 45 days or so

[signal wraith]

You have like 300k staked O.O

[silk meteor]

I’m sorry didn’t mean to illicit that kind of reaction but just trying to help

[ornate cypress]

Sorry if I'm being hard headed I just don't understand what is this $1.30 figure

[signal wraith]

It's how much you make a day staking 1 ILV I think he is saying.

[ornate cypress]

That's 1.30 per ILV?

[silk meteor]

No you’re not. Guess it just takes a little bit of calculation

[signal wraith]

If you are only in the ILV pool

[ornate cypress]

Oh, no I'm in slp too

[signal wraith]

Do the same calc he just said but use the SLP yield

[ornate cypress]

Wait no it still doesn't make sense because I was bringing in about $100 worth of illuvium a day from core pool ilv. So why is it only 1.30 if I'm getting that much ilv

[signal wraith]

Your SLP stake and your core pool stake give you the same reward

[silk meteor]

It doesn’t matter..calculation is same. Claimed reward gets automatically staked to ILV pool with 2 times weight at current apy of 90%

Instead of clogging this thread, please dm me. Maybe I can clarify a few things

[inner sentinel]

Im trying to wrap my head around this price ratio. at 600% the amount of money to imperm seems like it wouldnt be too bad. Unless Im not understanding this at all

[fathom marsh]

Noob question. I'm in ilv pool and staked at flexible. Is it possible if i stake another and locked for 52 weeks? Will the rewards tab have separate ilv pool and bring out different rewards since they have different apys?

[digital dirge]

i guess yes, cuz more ppl enterd the pool so the rewards got changed, but just thinking

1 ILV is 532bucks, at the moment there are 635,000 tokens in circulation. There are supposed to be 10.000.000 coins in circulation, won't it come to a drastic price fall when the remaining ILV or when the game comes on the market?

[inner sentinel]

I know 3 million are reserved for game rewards or something. if that adds anything to the conversation

do I need to set gas rates or will the pool do all that for me once its in there?

[junior shuttle]

I think 1 million are for in-game rewards

3 million might be staking rewards.

[unreal urchin]

Both staking rewards will accumulates in the same rewards tab. Though they will have different tab at vesting. And apy is not fixed according to the value when you're staking. It will increase/decrease according to total coin staked in the pool.

[fathom marsh]

All clear thank you so much!

[fathom marsh]

thank you!

[inner sentinel]

did they say when land drops were coming?

[honest wraith]

As soon as 12 weeks, could be later depending on voting

[inner sentinel]

Im unfamiliar with gas fees. Do larger transactions cost more gas? This stake pool entry is costing me 52 dollars

[placid kraken]

The gas fees are for transactions that take place on Ethereum's network, and depend on network congestion at the time you make your transaction. If you wait until late at night or early in the morning in the US, you'll be more likely to have lower gas fees.

Someone can probably make a better, more detailed explanation, but this is my understanding at a basic level.

[inner sentinel]

Well, for better or worst Im locked in for 52 weeks. I was freaking out when I saw my max .77 Then I saw they were tokens lol. Is there a way to see how much Im making or is it all at the end

[signal wraith]

On the dashboard you can see your rewards

[cloud quiver]

If I have ILV staked in both flexible and locked, the rewards are grouped together and can be claimed together?

[signal wraith]

Yes

[inner sentinel]

sushi swap site or illuvium for dashboard?

[signal wraith]

illuvium

[inner sentinel]

ah is it this thing? https://gyazo.com/52dcb734453debdbf84ef2ce16e5c571

found it. thanks

[inland maple]

Why is the TVL on coingecko different than TVL on illuvium's website?

[feral seal]

What happen after 12months of Locked ILV? Will i get that ILV back ?

[gritty sparrow]

can still add on my current stake?

[brisk surge]

TVL on coingecko isn't up to date compared to staking.illuvium.io or just checking dextools

[inland maple]

Just wondering why TVL on CG is just 10m USD

[alpine vault]

It will be unlocked, and you can unstake if you like. Note that if you unstake, you would need to lock for another 12 months to get the 2x weighting.

[feral seal]

Thanks wolfehr

[gritty sparrow]

Can I still add to my current stake?

[signal wraith]

Yes you can stake more

[gritty sparrow]

will it add up to my current stake?

[royal parcel]

Just to clarify, you can't withdraw part of your rewards as silv and the rest as ilv, it's either one or the other yeah?

[finite shale]

I still don't understand what SUSHI LP is.. been staking in the regular one. But that 700% sure does look tempting, even if I don't understand it at all haha

[royal parcel]

sushiswap is a dex & to get the SLP tokens you need to provide equal amounts of eth & ilv in the liquidity pool

higher apy as more risk with impermanent loss

[barren tusk]

Wait I think I responded to you about this yesterday? what part are you confused about I want to see if I can help you out

[winter dew]

newbie question. Is it okey to stake now for 12 months?

[magic laurel]

of course

[barren tusk]

Completely fine, just think about your risk tolerance

[magic ledge]

How is the yield calculated on sushi pair

[barren tusk]

The total rewards is distributed as ratio like this
80% sushi
20% single stake ILV

[winter dew]

Thank you

[magic ledge]

Is it on Total pool value or the amount of ILv tokens in the pool?

So you make sushi tokens at 80% and 20% ilv tokens?

[finite shale]

The whole thing about "impermanent loss"

[barren tusk]

You distribute rewards in the form of ILV 80% to sushi pool and 20% to ILV only pool. Next is a % of your holding to the total amount staked in each individual pool

[barren tusk]

The youtube vids are obscure abt this I assume?

[finite shale]

So if I have 10 eth and 10 ILV = I gain ILV but get impermanent loss. or something
I'm not too bright about these things haha, even watching yt or reading about it hurts my starfish brain

I'm using this impermanent loss calculator and trying to understand the math around it

[barren tusk]

Got it, so let me see if I can break it down into step by step

1. When you put into any liquidity pool you need to input equal amts of USD value of each asset
   $10,000 what you have
   $5,000 worth of ETH + $5,000 worth of ILV
   1.54 ETH + 9.48 ILV

[finite shale]

I understand step 1

[barren tusk]

2. That ratio between ETH to ILV is dynamic and will be matched according to market values of each asset
   i.e. in the scenario that
   ETH = $3239 --> $4000 (23% gain)
   ILV = $527 --> $1,000 (89% gain)
   The ratio shifts from approx 6:1 (ETH:ILV) to 4:1

You will end up with less ILV with a higher value, and more ETH

y'know what I'll DM ya

[elder dawn]

this video helped me understand impermanent loss - you give up some upside on just hodling the coin by itself if one of the coins gains/loses way more than the other. The staking pool provides higher rewards to offset this, but much higher risk. you care more about the eth/ilv ratio than just the ilv price https://www.youtube.com/watch?v=8XJ1MSTEuU0&t=86s

[magic ledge]

can some one relink the calculator. I am unable to find it in the chat history from yesterday

[elder dawn]

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

[finite shale]

And how does this affect me and my stake

[elder dawn]

i recommend watching the video i just linked. you are essentially buying a share of the pool. when you "cash out," you will actually receive less of the coin that performs better than you initially put in. Say you add 1 ETH and 6 ILV. ILV continues to go up faster than ETH. When you cash out, you'll get 1.5 ETH, and 4 ILV. Totally just a random example, but that's the idea

[magic ledge]

so if i buy 5000$ worth ogf ILV/ETH pair, what happens. Do i get rewarded on the basis of 5000$?

[slender gorge]

Hey guys do you recommend staking if you plan to go for the land sale? I have $4400 in ILV wasn’t sure if I should stake or just wait and buy the land sale with Eth

[magic ledge]

also when i go to core pool staking, it shows 700%+ but when i click on stake, it shows 350%?

[barren tusk]

locked weight for 52 weeks gives you the 700%

[elder dawn]

Entirely personal preference. I would definitely stake your ILV in some way, unless that's all the money you want to put into the game. I'm more a fan of staking ILV for rev dis, and then use ETH for other purchases, assessing how much I want to commit to the game.

[magic ledge]

Thanks for that

what ahout the return

[slender gorge]

I was planning to use every $ on land. Instead of in game rewards. But… if I can earn some good sILV with that money and do both I would love too

[magic ledge]

so if i buy 5000$ worth ogf ILV/ETH pair, what happens. Do i get rewarded on the basis of 5000$?

[slender gorge]

I’m just afraid I won’t earn enough sILV to purchase some good portion of land

[elder dawn]

Land sale is planned for at least 12 weeks out. (not financial advice) if you want sILV, you could stake in the ILV pool for ~11 weeks, then claim sILV once at the end when the land sale date is confirmed. that only gives you two transactions - one in and one out, and you get more of the resource you want.

[slender gorge]

That’s sounds like a good plan but I’m just wondering how much sILV I would earn by that 12 week period from the 8.3 ILV I have

[elder dawn]

@magic ledge - yes - the current APY on the liquidity pool takes into account your total value staked. I'm in the LP pool, and I'm getting the stated 700%+ on my total value invested

[magic ledge]

lesssgooo all in. there goes the house deposit

just kidding, invest only what you are able to losw

[elder dawn]

my quick math says you'd get about 1.5 ILV in 11 weeks. i'm trying to build a spreadsheet to model it, but I don't have all the inputs, and it will vary with how many more people stake over time. So at today's value, you'd get ~$750

[elder dawn]

that's the spirit! I am actually considering selling my car. 2005 Scion xA, available for 1 ETH or 6 ILV. 😀

[slender gorge]

Yea that would be dope to see the exact calculations of it monthly. Does the rewards pick up during gameplay? Or is it still the same just based off the amount?

[magic ledge]

i am lucky i invested in ILV

[elder dawn]

check out the tokenomics page - the rewards decrease by a relative 3% every two weeks for the next ~3 years. There's a certain amount of the 3 million ILV that will be distributed every two weeks, so the fewer people that are in, the higher the rewards. also remember, ILV doesn't have anything to do with game play, and sILV is an equal value representation that can be used in place of ETH. https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[slender gorge]

Thank you for your help im going to read right now

[magic ledge]

í am thinking locked staking for 12 months, what are massive risks. Did anyone do any sort of workings that they can share

[cold flint]

Don't forget that staked ILVs would get part of the revenue from the Illuvidex when the game goes live. More revenue on market place, more rewards distributed.

[magic ledge]

this token is going no where so risk of going to zero for both eth and ILV is near to NIL

[elder dawn]

I'm in for 52 weeks. my assessment was either this is going to be amazing and we're still super early, or it goes to zero. I'm personally okay with that risk, and I agree that the chance of this crashing is very low. The return on the 52 week lock way exceeds the initial investment. The time to watch will be next March when the seed and team's tokens start to unlock, and then June/July when the 12 month lock up on staking rewards starts to vest.

[magic ledge]

still according to the calcultors, the price going to lets say 150, only gives you a loss of 30%

[cold flint]

So we may see significant movement on ILVs price action in a year or so.

[magic ledge]

wouldnt that outweigh the masive 700%? is my maths right?

[elder dawn]

that's when dilution will start. right now there's only about 600k circulating tokens. if the team/seed token holders sell, it will put more downward pressure on the price

[elder dawn]

you're correct - my math has me holding ~7x more tokens than I initially put in by claiming rewards weekly for compounding for the next year, so that dramatically exceeds the loss in token value. big assumptions there on token price, but feels true to me.

[magic ledge]

using this calculator

[cold flint]

Then I guess minting of new ILV tokens would slow down when people choose to get sILV instead. Considering the possibilty that more actual players are in it for the game and not just for earning on the DeFi section.

[glossy dirge]

will it become bearish after that time? excuse my ignorace

[magic ledge]

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

[elder dawn]

any claiming of sILV will eliminate those ILV from being minted. total supply is 10 million. for every sILV claimed, there will be one less ILV ever. e.g. if 1 million sILV are claimed as rewards, the total supply will be 9 million. distribution is spaced out over 3 years

[dull bison]

If ILV starts to go low, those staked their eth will get more eth? Assuming eth price is constant

[cold flint]

So if you choose to get the sILV, the ILV you could've possibly earned would be sent to the dead address instead?

[elder dawn]

its possible - right now the seed/team tokens can't be sold, just like our staking rewards. when they vest, the can hold, stake, or sell. It will be amazing if we see the team staking for revenue distribution, though there's a chance that more are sold. people need to pay there expenses, so you can't blame them for cashing in a few ILV.

[dull bison]

Yes. The real push would have to be from the game revenues as those will be used to buy ILV. And that has to outpace the selling. It will be really good or really meh.

[glossy dirge]

Got cha! I just hope it won't go back down to less than 500

[elder dawn]

the ILV will never be issued at all, aka, they will be burned. it just decreases the total supply.

[cold flint]

I see. Interesting tokenomics.

[jovial moat]

I had my 1st look at ILV today I'm a YouTuber I mostly talk about veve but wow the token utilities with ILV is insane I can see so much getting burned 🔥

[dull bison]

What happens to the sILV spent ingame? Will it get burned or recycled to ILV or issued again as reward?

Just the fact that sILV can be used to travel the map is a big come on to get it. That can get expensive especially on the early game

[elder dawn]

my understanding is that the sILV are burned. they are just a reward to people staking to use in place of ETH in the game. no reissuing as ILV.

[serene tartan]

Hello, what does it mean by vesting period of 12 months for ILV? Does this mean that after I claim my ILV rewards (say it's under 12 month lock up in the liquidity pool), I will need to wait another 12 months before I can use the ILV?

So I wait 24 months all in all?

[tired breach]

Not quite right. I believe the 12 months vesting period starts when you claim the rewards. Alternatively, you can claim your rewards as sILV which wouldn't require another 12 months. You won't be able to use it until the game releases, tho.

[magic ledge]

Guys i did some quick scenarios. Does this make sense? Can someone check if the rewards are being calculated correcly. I am basing it on the $value staked 1000 * allocation (v vs f) * rates

[prime estuary]

Hi can i check will there be a market place for sILV?

[elder dawn]

the vesting period begins when you hit claim rewards. so, you stake for 52 weeks, but you claim every two weeks during the year. your initial stake would unlock in 1 year, and then you would have rewards available every two weeks after that.

[magic ledge]

any recommended scenarios to run?

[prime estuary]

i.e. where i can trade or sell sILBV?

[serene tartan]

Thanks!

[serene tartan]

Thank you as well. It is clear to me now.

[prime estuary]

can i confirm if sILV can be traded? since it is an ingame currency, can it be traded on decentralised exchange?

[elder dawn]

i doubt there will be an sILV marketplace. they are intended as rewards for stakers to enable you to use your rewards in game sooner. the value is tied to ILV, but being able to trade the sILV would be defeating the lock-up period. most people would want ILV anyway, as they are the same price, and ILV can be used as the governance token

[magic ledge]

anyone please? apprecaite the help

[sonic wolf]

You will be able to use sILV to buy land

[prime estuary]

but then for people that is not staking how can they get access to sILV?

[serene tartan]

Another question, Deraji, how about the compounding effect? Will it compound if I do not claim it? Or I have to claim it for it to compound?

[prime estuary]

Ok. can we confirm if sILV can be used to buy land and when I claim the rewards, i can get it instantly?

[tired breach]

the in-game currencies are sILV and ETH. You don't necessarily need sILV to play. It's just another options for those staking

[prime estuary]

got it. but it is confirmed that we can buy land with sILV?

[elder dawn]

this doesn't consider the rates changing over time. the more people that stake, the lower the rewards. also, there is a built in 3% relative decrease in rewards every 2 weeks. I still think it works out positive in most scenarios given the early rates, but it's more complicated than your calculator.

[elder dawn]

confirmed, you can buy land with sILV. sILV is available immediately after claiming the reward

[worn bridge]

Hey guys how do i calculate how much i would be generating using the sushi LP with $1000?

[kind loom]

The mini game containing the land is not confirmed yet, but there is great chances that if it is, sILV will be usable for that.

[prime estuary]

thanks buddy! very clear now. I am all in!!!! haha

[buoyant rain]

hi guys, where can i best put my eth into staking? is it in ILV with 88.66% apy or in sushi LP that have 742.99% apy?

[ruby wing]

!yf

[woven ibex]

You can yield farm ILV in 2 main pools.

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

[serene tartan]

@elder dawn

[ruby wing]

Imperm loss

[ruby wing]

you need to claim for it to compound

[serene tartan]

thank you. So it is really best to claim say every two weeks?

[ruby wing]

No it depends on your bag

like I only claim when I get to lets say 30 ILV

or 20 ILV

[mystic temple]

Depends on your appetite. I got some in ILV and some in SLP

[ruby wing]

and when gas is low

[elder dawn]

based on my experience, you would get around 0.05 ILV per day right now per $1000 in the SLP. that decreases over time, and is dependent on number of people in the pool

[magic ledge]

how do i calculate the rewards?

[serene tartan]

assuming I am happy with my bag, and gas fees are low,

in all cases, it is better to have ILV as claimed (and vesting) rather than it sitting unclaimed? is that correct?

[ruby wing]

Yes unless you plan on claiming sILV because when u claim sILV it doesnt compound

[magic ledge]

Does the reward calcualtion make any sense? it is simply intial staked value * rate?

[serene tartan]

Thank you very much. That's very clear.

[ruby wing]

Welcome aboard :))

[prime estuary]

"Before you can stake, you first have to claim your existing rewards in this pool. Because we compound your rewards into the ILV pool, if you select ILV, the rewards in that pool will first be claimed before claiming rewards from other pools. You will be asked to confirm these in your wallet."

[magic ledge]

i just found 2 residual ilv sitting around in an excahneg which i bought for like $50. Time to stake

[magic ledge]

anyone please

[prime estuary]

Hi for this message does it mean that my current rewards will be vested over 52 months, then my new minted rewards can only start claiming 52 months later?

which means for my new rewards I will have to 104 weeks to fully claim. (sorry i meant weeks in my earlier message)

forget it, i will just claim sILV

[serene tartan]

From Deraji, I had the same question:

"the vesting period begins when you hit claim rewards. so, you stake for 52 weeks, but you claim every two weeks during the year. your initial stake would unlock in 1 year, and then you would have rewards available every two weeks after that."

[magic ledge]

how do i perform the rewards calculation?

[ruby wing]

There should be a calculator pinned 🙂

[magic ledge]

I did this. so stacked value * rate

[magic ledge]

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

this is the calculator pinned but this wouldn't show the rewards from staking?

[tame plover]

lower gas fee now 🙂

[magic ledge]

what do we get as rewards in the LP pool? ILV tokens?

[crisp canopy]

if i stake and lock my ILV for 12 months. will i be able to claim SILV when the game released?

[keen verge]

Once you have staked your coin, tmr he rewards will start to compound, and you can see it in the rewards tab, you can claim your rewards(ILV/sILV) anytime

[spark kiln]

Do I need ILV in my wallet to pay for the gas fee? Or does it subtract the gas fee from the reward ILV?

[keen verge]

You need ETH in your wallet it will be used as gas fee in any tracsaction that happens on the ETH network

[spark kiln]

Thank you

[cold flint]

O diba? $36 USD gas fee to get $1.32!!!

[signal wraith]

Gas fee will always be there. That is the cheapest gas fee has been all week!

[quick flare]

i only have 2ILV, is it worth staking?

[signal wraith]

Depends on your goals

[spring merlin]

You just wouldn't claim as often with a smaller amount staked.

[raw basin]

is anyone else having troubles with claiming ive done it a few times and had no problems but this time its not processing, i even upped the gas and still pending?

[spark kiln]

Does the gas fee increase based on the ILV staked?

[signal wraith]

No

Actually I can not confirm nor deny.

Mine seems to be the same as everyone else who has mentioned theirs and I'm pretty sure we all staking different amounts

[spark kiln]

Ok, so looks like regardless of whether you stake 1 ILV, 5 ILV or a higher amount of ILV, the gas you pay would be the same.

[signal wraith]

To my knowledge yes

[craggy arrow]

Hi everyone. I wanna stake on sushiLP, can i do it on trezor?

[eager lynx]

Sure, why not? 🙂

[craggy arrow]

I already have a hardware metamask account with ETH on it. Do i need further setups or i can just go and do transactions on Sushi and ILV?

[eager lynx]

You basically link a hardware wallet (e.g., Trezor) with Metamask. From this point, each time you interact with a contract you will have to approve the transaction on your Trezor

[craggy arrow]

Allright, so the sushi LP token can get into my trezor metamask right?

[eager lynx]

It's not like anything get stored in your Trezor but simply put, yes it will go into your "trezor metamask" 🙂 After that, you go to illuvium staking to the SLP and add the LP tokens. You will have to approve the LP to be used and then stake them

[craggy arrow]

Thank you verymuch sir Kingyo. Really appreciate your response

[eager lynx]

No worries. Let me know if you have any problems/questions with this

[raven depot]

If I'm planning to stake in Sushi LP, what's the name of the token in Sushi swap?

[ocean anvil]

If I stake ILV is impermanent loss a risk? What are the other risk when I stake ILV

[fading nexus]

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

[eager lynx]

Impermanent loss can happen if you stake in Sushi LP. If you stake ILV and lock it for a long period of time you wouldn't be able to sell should you need the money or wanted to cut loses in the case of a crash. The rule of thumb is don't invest what you are not willing to lose

[manic spindle]

Carlos helped him out I think, yeah.

[spare light]

Do you need to be locked staking to be privvy to the share of rev? Or does the flexible one also work?
And can you choose what to claim in? sILV or ILV

I wouldn't want to YOLO on an LP , but I don't want it all locked forever either

[manic spindle]

You get RevDis regardless of a locked or unlocked stake. But since token weight counts, you will get less RevDis compared to a 12months lock for token weight 2.0. Also, RevDis is paid out in ILV 🙂

[spare light]

Probably not a bad idea to locked stake for the first year anyways. That's when you'll probably have the most traffic

[spare light]

Probably been asked million times, but as I buy more can I add to current stake easily? Or do I need to redeem and restake every time I can afford another 0.5 ILV

[manic spindle]

You can stake new deposits without touching the old ones. And each deposit can have individual locking periods 🙂

[tardy citrus]

I have just locked my staking for around 4 months. After the 4 months can I lock them again to increase the token weight?

[manic spindle]

When unlocking they will keep their token weight from a 4 months lock until you withdraw. If you want a higher token weight you will need to withdraw and restake with a new and longer lock 🙂

[tardy citrus]

Ok thx

[edgy sparrow]

Hi i staked in the ilv pool and few days ago and was just wondering is it possible to also stake in the sushi lp pool at the same time ?

[eager lynx]

Yes, you can do that. You will have different lock times for your stakes

[manic spindle]

Yes, you can stake multiple deposits across both pools as you wish 🙂 Just be aware though that claiming LP Pool rewards always requires you to also claim ILV pool rewards at the same time, so there will be higher gas fees.

[edgy sparrow]

Thanks for the help

I wanted to invest more into the liv pool but understand I will have to claim my rewards first
Resulting in more fees, so I think ill just put my money into the sushi pool instead.

[eager lynx]

You pay more fees if you stake in the Sushi LP. If you stake in SLP you have to claim from SLP and from ILV pool.

[edgy sparrow]

Ok thank you
I'm looking to hold for a long time. Would you suggest just doing one pool ?

[eager lynx]

That's really personal and everyone will have their own strategy. SLP is highest risk / reward compared to ILV pool. However, it could be the gains from the LP don't compensate the impermanent loss. I don't think anyone can tell you exactly what it's "best".

On the other hand, if you buy $ILV and stake it on the ILV pool you know you cannot lose those $ILV tokens and will get more through staking.

[edgy sparrow]

Ok thanks i will have a think about whats best. Again appreciate the help

[pallid pebble]

So i have to buy the Sushi tokens (pay transaction) - stake it on the illuvium website (pay trans) - get my rewards on the website (pay trans.) - get my rewards on sushi (pay trans.)?

Did i get that right?

[umbral lava]

Just locked the sushi LP for 1 year, now where's my time machine? 🚀

[rose arrow]

Can someone elaborate more on this please? I just staked my tokens. Do I need to claim weekly? Sounds inconvenience. And if so, any idea about weekly required playtime?

High GAS costs represent a barrier for entry, especially for smaller stakers. Since the game has the potential to attract stakers of all sizes we do not force staked token holders to claim their rewards periodically.
Instead, rewards have the option to be rolled over each distribution cycle, so that stakers can claim when it is appropriate for them, to avoid a high percentage of GAS fees. However, to encourage participation and activity in the game itself, the ability to roll over is tied to in-game activity. Effectively, to avoid having to make weekly claims, the linked account must be active for a minimum time period.

[eager lynx]

Correct

[queen garden]

hey there. are there also LP rewards from sushiswap? or just the staking rewards via illuvium staking?

and am i right that i can just calculate 50% of the named APY since half of my provided investment is in eth which is not rewarded?

[eager lynx]

You can claim whenever it's more convenient for you but to get compounding going on you must claim your rewards

[eager lynx]

as far as I know the APY is based on $ value not ETH or ILV

[queen garden]

so if i invest lets say 1000 dollar in LP

than APY is on the 1000 not on the ILV worth 500$?

[rose arrow]

Thanks. The message could use clarification imo.

[manic spindle]

!claim 🙂

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV you have it unlocked right away (sILV is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[eager lynx]

#🥩〕staking message

[rose arrow]

Is this a bot command, or you're talking to me... not sure 🙂

[manic spindle]

Both 🙂

[rose arrow]

Curious, what does the claim command do?

[zealous plover]

hello, tell me why the CLAIM ILV button is not active? Maybe the reward is still too small? or what could be the reason? the reward is now 0.005 ILV. I understand that I will pay 10 times more for gas if I want to withdraw. Just wondering why the CLAIM ILV button is not active?

[manic spindle]

It shows you the info in the next message 😉

[rose arrow]

Aha 🙂

[queen garden]

thx!!

[sly mesa]

need opinion for a peasant like me, lets say i can only afford about 3-5 ILV rn, how would you play it at staking?

[eager lynx]

This is really personal as everyone has its own strategy. With those numbers you can stake 5 ILV in the ILV pool or stake 2.5 ILV/equivalent ETH in the Sushi LP.

SLP has higher APY but there's more risk due to impermanent loss. ILV pool has a lower APY but you know your initial ILV stack won't decrease.

My advise would be to try to understand both pools and then stake to the one you think fits your strategy best

[sly mesa]

ok thank you, will read more.

[normal blaze]

If I wanna turn 2k of ilv into lp I also need 2k of eth right? 4K total?

[eager lynx]

Yes

[normal blaze]

So once staked that would still represent 4 ilv tokens if $500 value st the time, and not 8 tokens? And over a year if it stays at 700% I would 7x the amount back?

[eager lynx]

The APY is based on $ amount you put into the pool. Let's say you start with 4 ILV into the pool. The price of ILV against ETH will fluctuate and at certain points in time you might have more ILV or less than the one you started with. That's a risk you wouldn't have if you stake in the ILV pool as in there you know your stake cannot get reduced

[normal blaze]

So staking in flash pool the apy changes on a daily basis?

[eager lynx]

The more people enter the pool the lower the APY will be, right?

[queen garden]

is it normal that i dont see my liq on sushi as soon as i staked SLP on illuvium?

and can anyone tell me what the value of "SLP" means? how it is constructed?

[normal blaze]

Yes but was asking about reward change depending on eth and ilv ratio value in the pool.?

[eager lynx]

Someone can correct me if I am wrong but as far as I know the rewards are not linked to the pair ratio

[craggy arrow]

Sir @eager lynx, quick question. If i wanna swap liquidity token. Do i need to have ILV first or can i go straight from eth?

[eager lynx]

I didn't quite get that. Did you already add liquidity to ILV/ETH and got SLP tokens?

[craggy arrow]

Not yet. I currently only have ETH

[eager lynx]

Gotcha! If you want to get SLP you must add 50/50 into the Sushi LP. That means, if for example, your budget is 2 ETH you will have to swap 1 ETH for ILV and then add 1 ETH/whatever amount of ILV you got from the swap to the pool.

Remember to keep some extra ETH to pay for gas.

You will need to:

• approve ETH to be swap in Sushi
• add liquidity
• approve SLP to be staked in Illivium staking
• stake SLP in the pool

And finally, have some ETH to claim rewards

[craggy arrow]

Oh so i got to do the math manually then. Thank you so much my kind sir

[clear locust]

Are there any dashboards with % of ILV staked by time? e.g. 20%ILV staked for 3months, 30% staked for a year?

And what can I do with my sILV?

[normal blaze]

So I would still get 7x my original investment of 4K aftet all my claimings if stays at 700% and possibly loose my original investment?

[eager lynx]

You can use it as in-game currency and probably you will be able to use it during the land sale

[clear locust]

ooo land sale, hadn't heard of that. any more details? couldnt find anything on medium

[normal blaze]

And also then if I stake 4ilv/eth does it mean I get 4x7=28 ilv after one year in rewards if it stays at 700% ?

[eager lynx]

#🎮〕illuvium-zero and check the Land Sale thread

[queen garden]

is it normal that i cant see the liq provided on sushi as soon as i staked the SLP?

[indigo wing]

Guys if I stake illuvium can I withdraw that anytime?

[mossy grove]

once youve got 0.01ILV you can claim but you will have to pay fees so its best to wait until you have enough to justify it

[indigo wing]

Hmm I got it thank you so much

[empty moth]

How much ILV should one stake to be considered worth it?

[vital kayak]

@manic spindle could you let @hexed bough know I have an updated on the METAMASK / Mac iOS bug issue he asked us to try? We been out all day preparing for moms memorial , and just tried it and gave some interesting results / feedback, but for some reason I can’t share on the convo thread he msgd me on

[manic spindle]

Well, you just let him know yourself 🙂

[vital kayak]

Im discord dumb and not sure why my msgs to him are failing or I would hun

[mossy grove]

just realised you said withdraw. you cant withdraw your staked amount if youve locked it in for a set time until the lock in is complete, you can however claim your rewards while staking

[vital kayak]

He said to let him know results , so trying. It worked fortunately but had to do certain things

[eager lynx]

You know the price of ILV. You know the possible APY and that to claim rewards gas must be paid. You will have to do the maths to see how much you need to be considered worth it for you 🙂

[sinful pond]

sunday morning! Time to do all your defi transactions while gas is low

[normal blaze]

if I stake 4ilv/eth 4K all up if ilv is 500 ,does it mean I get 4x7=28 ilv after one year in rewards if it stays at 700% ?

[wanton nova]

It won't stay at 700 because there is a 3% decay every two weeks. But I staked 1,5 ilv + eth two weeks ago (for 1 year) and got 0.6 ilv as rewardsap. That's an APR of ~1050

[vital kayak]

Well I hope this gets to @hexed bough bc I can’t send him an update: we followed his instructions to use the Mac instead of iPhone. But we use safari too on Mac so that failed staking again. only way to connect METAMASK directly on Mac only was to download chrome and use the METAMASK extension. We think we successfully staked our new ILV tokens. He said he’s working on the bug we found using iOS METAMASK, so hope this helps . Lost $364 in ETH with Illuvium site kicking us to METAMASK 16 times and only hit “confirm” 3 or 4 of those times. Super sucks but SUPER EXCITED we got 3 ILV staked! So my humble request and GOOD ASS 364 reasons why we should share a beta test besides our experience in beta testing is that we discovered a significant expensive bug , and I promote any project I’m loyal to like a mofo on my 6 groups and 12 Facebook pages where I’m a living Facebook machine 😈💗🙏🏻💁🏼‍♀️😘 that’s all, if email if that is better to do but again super new to discord, I do Twitter and Facebook 24/7
Thanks again for the help Carlos! 😊 #IlluviumForever

[wanton nova]

I only understood half of what you wrote but Happy for you that you got your ilv staked now

[normal blaze]

Ok that’s not bad, so impermanent loss won’t effect rewards right?

[manic spindle]

Yield Farm no, RevDis is going down if IL reduces your ILV.

[mental tangle]

The way I looked at at was this:

Say I put 10 ILV in LP
As Long as that give me back 11 over the year. I feel like I'm coming out on top.

Then no matter what IL does I have gained more than I "lost"
Maybe not technically..... But it made me feel better to think about it like that. More ILV=Winning

Essentially at these apy(which DO fluctuate up and down)

Your impermanent loss is almost irrelevant

NFA

[normal blaze]

Ok so to me it sounds like over a year I will still gain more ilv even if I loose my original investment or some of it right?

[normal blaze]

Yes Thanku that’s what my thinking is telling me lol

[wanton nova]

Seems to me to be like that as well.

[wheat venture]

so this is the link to get started with staking right ? -http://staking.illuvium.io/ i know it probably is legit im just paranoid\

[manic spindle]

That is a reasonable assumption but nothing I can guarantee you or will give a clear advice for, sorry. If the outcome of long-term staking in a LP pool were to be estimated safely without doubts, then there would be no risk involved, would there? 🙂

[normal blaze]

Sushi swap ain’t working on my phone, might have to try on pc, only place to swap eth/ilv to lp right?

[mental tangle]

Stormi is king and he gives good advice.

I'm a hype guy...
Sell your house and put it in LP imo
Nfa.

(Jk don't do that fam ❤️)

[normal blaze]

I see ilv price going to 5k in a year so makes sense to me lol

[wanton nova]

Followed your advice. Can I crash at your place for a year?

[wheat venture]

i might sell some paint and gu cards though. Im fed with immutable and paint just doesnt do anything ever so might as well

[vital kayak]

Illuvium site was making me take rewards on iPhone before staking more , and wasn’t doing double confirmations. So what happened was I was charged a total of $364 in 16 transactions that never popped up on safari METAMASK. Again, thankfully @hexed bough reached out and helped solve the issue, we just had success “I think”. Wish I could message someone with Illuvium to confirm my screenshots

[mental tangle]

Nope sorry that's what the *NFA is for ...

Plus I already followed my own advice and I'm living in the dumpster behind your house

[normal blaze]

😂 ok I’m doing it

[wheat kestrel]

That’s the correct (ie. legit) staking dashboard.

[wheat venture]

thanks

[mental tangle]

Carlos is on the dev team.
And I'm pretty sure he's the actual guy that does the fixing

[wanton nova]

OK you make some space for me behind that dumpster and I won't say a word to the new house owners

[normal blaze]

Make room for me too plz 🙂 a box will be fine

[wheat venture]

i have no idea what im doing never staked before

[vital kayak]

Oh thanks for clarifying 🙏🏻

[vital kayak]

Me 72 hrs ago 💁🏼‍♀️

[wheat venture]

so the difference between sushi lp and ilv pool is ? You have to put eth in to. do they both get the promised revenue rewards when the game starts making money ? a lot more differences then that i take it

[vital kayak]

I’m still fuzzy about the difference, im just a “GO BIG OR GO HOME” type of person

[wheat venture]

is sushi safe ? i thought i always heard of attacks and stuff against it

and i feel you

[vital kayak]

Yes NFA

[lilac coyote]

Big difference in terms of risk and reward. The liquidity pool requires both ETH and ILV at a ~1:8 ratio input but you get a large APY currently on the total dollar figure. The solo pool has a lower APY but you only deposit ILV

The amount of ETH or ILV you withdraw may be different (lower) than when you put it in if the $ ratio value between the two changes substantially

[wheat venture]

i see thanks for the info its a bit confusing

[queen garden]

1:8 ratio?

[lilac coyote]

Most people who are bullish on the project and token will choose the LP with a 52 week lock up. Expect your rewards to be locked up for more than 2 yrs from now tho

[vital kayak]

Great explanation! Thanks!

[lilac coyote]

That’s what it was when I deposited about a week ago, 1 eth per 8 ILV

[vital kayak]

I have no problem with 2 yrs. I learned from so many other projects who have people who got in 2 yrs ago and I just gettin in, that 2 yrs is nothing

[wheat venture]

man thats a big risk. So much faith in the team producing the game. who knows what regulatory stuff or just normal game dev setbacks and issues could come up. its not all about having big names..

[normal blaze]

Yea but 1:1 in dollar value right?

[vital kayak]

https://tenor.com/view/hungry-cute-baby-gif-14458401

[lilac coyote]

If you are comfortable with depositing it and not wanting/needing the rewards for 2 yrs then I think this is a fantastic investment. Also, the lock up is a very positive aspect. People in private equity credit illiquidity with improving gains (OG forced diamond hands)

[lilac coyote]

Yes, that’s a better way of putting it

[vital kayak]

My husband been in bitcoin since 2013, this is life 💁🏼‍♀️

[wheat venture]

then again maybe im just jaded from being strung along by immutable with gu for 3 yearslol. But i wont get off topic.

[queen garden]

yep thats what i misunderstood was well 🙂

[normal blaze]

🙂👍

[lilac coyote]

Yes agreed. The old saying of don’t put in what would rek you if lost. Regulatory is interesting risk because this is going to essentially have a component of gambling too. The decentralized governance is what they are banking on to avoid the ban hammer

[vital kayak]

I feel same with VeVe, but all those now gonna bust out. That’s why I’m now able to embrace a fast moving company with such vision as Illuvium

[queen garden]

but i wonder what the SLP value means

[lilac coyote]

Sounds like they work closely with immutable and are confident but do have a plan B of their own side chain like Ronin/Axie

[queen garden]

does anyone know what the SLP value means? doent really get the value

[lilac coyote]

It’s a calculation of your share% of the total LP multiplied by the amount of each asset

So you divide your number of LP tokens by total supply, then multiply against number of ETH and ILV to get the amounts your are entitled to, then by the price of each asset then add those two numbers together

I may be slightly wrong because I’ve never actually done this calculation. Maybe someone can double check me

[queen garden]

thanks mate

but i cant see my staked values (eth/ilv) somewhere?

[burnt hill]

Anyone having any issue when claim ILV on the sLP pool? It was asking for two transactions, the first one was some single ILV that was compounding but the ILV that was to claim on the second transaction is just not happening at all... Say that the TXn unable to locate

[unreal pelican]

Hey guys, just had a question regarding locked and flexible staking - if I lock my staked funds, am I able to claim rewards whenever during that period, or will rewards also be locked for the duration of the staking period?

[halcyon sage]

Pending rewards are not accruing ILV correct? As in it must be claimed before it starts to compound?

[manic spindle]

Correct. No Claim = No compound 🙂

[halcyon sage]

TY sir

[lilac coyote]

Claim whenever. Just have to determine if the gas cost is worth the expected gain on claimed tokens in the time frame you are looking at

Several variables at play but in general for small numbers once a month seems reasonable, big stacks maybe every two weeks claim… just to give an idea. You’d need to calculate based on your size and current gas cost and current APY of the solo pool

[burnt hill]

Something that i still don't understand the compounding on the vesting tokens how does it work. It says it have a weight of 2.0, but the vesting days are passing but the amount are the same when claimed

[unreal pelican]

@lilac coyote Thanks very much! Is there a compounding mechanism for funds that are staked single-sided (so they can be staked during the 12 month period while I wait for them to unlock)? I imagine there is no way to stake rewards that have been claimed from LPing until 12 months after they are claimed too?

[lilac coyote]

Here’s how it works: you deposit into either or both pools. You get rewards. You claim rewards from either or both pools and these are deposited into the solo pool at your pool weight (2x for 52 week lock). From the time they are claimed they are vested for 12 months

[unreal pelican]

Ah got it! Thanks so much

[gritty charm]

i'm quite new to the liquidity option. for the ilv/eth staking, i know the steps on how to do it in sushiswap. so once stake. the rewards given out is ilv or sILV? when my vesting period ended. i will obtain back the ilv and eth that i stake?

[lilac coyote]

So you can remove your principle pool investments in 12 months and then you would have a ladder of rewards unlocking over the next year

[unreal pelican]

Assuming I lock for 10 weeks I can withdraw the principal after 10 weeks though yes?

[lilac coyote]

Yes

[vital kayak]

Real men do 52

[burnt hill]

Any way to just claim my rewards from the LP tokens only? because those two transactions are just bugging each other out, and i would prefer to accrued more rewards in the single ILV and then claim.

[vital kayak]

Are you using safari browser?

[lilac coyote]

You can choose either ILV which is put into the solo pool for 12 months or you can get sILV which currently has no use but eventually will be used for land sale and other in game items

[unreal pelican]

@lilac coyote is it expected that land purchases will only be supported using sILV? Or other assets too?

[vital kayak]

ETH & sILV for land

[lilac coyote]

When you claim LP request it also claims the solo pool rewards. You can claim only solo pool rewards without the LP though

[burnt hill]

No, brave. Basically i wanted to claim my LP rewards too compound but, it always claims both single pool and LP rewards right? It proceed with the first transaction and claimed the tiny amount on the single pool that was there but the rewards on LP rewards it says that the Txn isn't located anyhere..

[unreal pelican]

Thanks @vital kayak !

[gritty charm]

noted on this. what about the ilv/eth option? same rewards will be given as ILV or sILV to choose?

[vital kayak]

Not sure, but I had similar issues and they were rectified after switching to Chrome browser with METAMASK extension tonight

[vital kayak]

It’s a rich mans game tho, my hopes of land been dashed, but at least I’m happy I’ve got ILV staked this early pre launch 😊🔮

[vital kayak]

Yes but much less %. I went BIG. I’d blow the money on dumb shit anyhow so it’s worth the risk to me

[unreal pelican]

If i have my head around this correctly, claiming rewards as ILV creates an endless loop of 12-month lockups for single-sided staking? Whereas claiming sILV will break that cycle lol?

[gritty charm]

so basically its a safer and better option to stake on ILV instead of ILV/ETH?

[unreal pelican]

@vital kayak so APY on staking rewards is for ILV only then? What are the returns on sILV - is there a set relative percentage to what they are paid in ILV?

[gritty charm]

currently i'm staking on ILV only. thinking whether should i stake ILV/ETH as well. but still new to this and dont know how it works

[unreal pelican]

Curious how sILV rewards calculated given it doesn't appear that sILV is trading anywhere? @lilac coyote

[lilac coyote]

Same choice

[lilac coyote]

It’s 1:1 but you cannot stake sILV. I do not fully know the mechanics of sILV currently

[gritty charm]

i think i roughly understood. thanks!

[lilac coyote]

It’s a good option to do the LP, just know there are additional risk of impermanent loss

[woven rapids]

Guys got a question regarding sILV. The way I understand it is that if I stake $100 ILV that’ll be locked for 1 year. But the sILV (which can be used in-game) can be wdrawn once the game is released, yes?

[gritty charm]

how high can the impermanent loss be? haha

[wheat venture]

Wait so how much eth will I need to stake in the sushi pool

[eager lynx]

The same amount as ILV. you have to add 50/50 liquidity

[manic spindle]

!claim 🙂

[woven ibex]

Rewards from staking have to be manually claimed and GAS fees for those transactions have to be paid:

• When you stake ILV yield farming rewards start piling up for you
• You claim those rewards whenever you deem the pile to be big enough to justify gas fees
• If you claim sILV you have it unlocked right away (sILV is only usable in game as a substitute currency for ETH outside the marketplace and the Leviathan Arena)
• If you claim ILV then that batch of ILV gets locked for 12 months and automatically staked in the ILV pool with a token weight of 2.0 for compounding effect
• New rewards start piling up....rinse and repeat

NB: ILV paid out as part of Illuvium’s Revenue Distribution have to be claimed as well but are not subject to a locking period.

[wheat venture]

Got you

[lilac coyote]

It could lead to loss versus just holding each individual asset. Most people here think the higher APY rewards will out-weight IL

[woven rapids]

Got it, thanks man! 👌

[gritty charm]

ok noted. thanks!

[woven rapids]

Being in the cryptoworld for a while now, it never really is a good idea to “gamble” on 2 highly volatile coins pairs. So yeah I totally agree to just go with just ILV and not the ILV/ETH pair.

[ivory sun]

Just want to confirm. I have staked in ILV pool and plan on doing LP. When I stake in LP, I need to get reward from ILV pool, is that correct?

[lilac coyote]

If your risk tolerance is low to medium I agree. Although it’s all relative. Investing in an unreleased blockchain game would be considered insane risk level by most normies

[woven rapids]

Couldn’t agree more. But hey, that’s why we’re here at the same place though different times lol

[burnt hill]

Not having an option just to claim from the LP pool is just really complicated.. i have spend 60$ to try to claim my ILV rewards from the LP pool and i can't because is just keeping getting stuck claiming 0.01 on the ILV pool...

i'm vesting 0.0000032 ilv because i can't claim only on the LP pool...

[wheat kestrel]

To be fair, ETH is one of the least volatile assets in crypto, outside of a stablecoin obviously.

I think just use the calculator in pinned tweets and see which puts you ahead for your given timeframe. At 700%+ APY and very high APY for the foreseeable future, it’s hard not to come out ahead using the LP pool over the long term.

[woven rapids]

Yep, that’s why I really don’t put much of my port on it. Haha! But will all these p2e projects, I might be rethinking twice about my approach.

[hexed roost]

Screw these gas guzzlers! Axie will not just die from Illuvium but it's gas usage is crazy

[wheat kestrel]

I agree, it’s not one size fits all.

[wheat venture]

Was never a fan of axie as a game. I don’t think the hype will last forever

[wheat kestrel]

I’m okay with it for now. Just burning more ETH.

[hexed roost]

True good for us in a way being staked in ILV/ETH but sick of seeing transactions in pending state

[burnt hill]

Any possible way we could create a new proposals for the withdraw mechanism on the LP pool ?

[hexed roost]

'governance' best place to propose

[scarlet minnow]

Wally you here

[serene tartan]

Once Axie has its own internal dex, this will significantly decrease

[glass surge]

Ok yeah

[scarlet minnow]

So I have .16 ilv to claim . I'm trying unstake 2.0 ILV so I can go after the sILV rewards... I want save on Eth fees I believe that if I unstake myrewards still go in wallet ? I'm trying to save one eth fee wally

[glass surge]

Ok so you don’t need to unstake

Your staking dashboard should look something like this right?

[scarlet minnow]

Yes it does it has both listed

[glass surge]

Ok so what you do is click on ‘Go To Rewards’ or click the rewards tab at the top

It will take you to this rewards page and you can claim either ILV or sILV.

[glass surge]

Click “Go to rewards”

[scarlet minnow]

When I go thier I have 5 different stakes

[glass surge]

What do you mean?

[scarlet minnow]

I'm sorry under invest

[glass surge]

It should look like this

[scarlet minnow]

Vesting I have multiple stakes

[near arch]

hi. what is the minimum for staking on Eth and Eth-Ilv?

[glass surge]

Also of you’re trying to save on eth fees claim it all at once when you want to use it

[mint cave]

there is no minimum, it is all relative to how much gas fees are and will be

[near arch]

so if i were to stake 0.5 eth on corepool. is that ok too?

[grizzled axle]

Noob question here. Is it worth it staking 1 ILV?

[near arch]

which staking is better? ILV alone or Eth+ILV?

[scarlet minnow]

Okay wally thank you. see I'm just confused cause when your staking it gives you the option before stake it is ILV and sILV .. But when you choose one it is not confirmed ? Untill you claim

[old yarrow]

Hi! I’m looking at the ETH+ILV liquidity pool on sushi. On the liquidity screen, it shows entry for both ETH and ILV on the same screen and the ratio changes depending what I enter. If I don’t have any ILV, will it buy what I need using ETH in my wallet? Or do I need to have the required ETH and ILV in my wallet first for it to succeed? (I’m trying to minimize gas fees along the way).

[glass surge]

You mean it gives you the option to claim as ILV or sILV. When you choose one and claim it, then you receive it.

ILV has a vesting period but sILV doesn’t and goes straight to your wallet when claimed

[sinful pond]

You have to swap ETH for some ILV separately first (can also do it on sushiswap) so you have equal amounts worth of ETH and ILV. So it's an extra step

[unreal torrent]

hi guys, do you know when the staking ends? Thank you

[scarlet minnow]

Yes okay i get it .. . quick question will sILV be able to get eth or ILV to exit the game

[old yarrow]

Thanks I figured! Then this creates a special token as I see it, which I then stake through illuvium’s staking page?

[glass surge]

I don’t think so, it can only be used to buy in game stuff.

[sinful pond]

You can stake a small amount just fine. It will just take longer to recoup the cost of gas.

[cunning perch]

sILV is only used in game and has no other use case. you sell your stuff in the market place for ETH

[near arch]

what is the recommend stake on ILV ? 0.5eth will do or 1Eth?

[sinful pond]

Yes--so steps are (1) swap some ETH for ILV on sushiswap so you have equal amounts of both; (2) provide liquidity of ETH/ILV on sushiswap, get SLP tokens in return; (3) stake the SLP on the SLP Pool on Illuvium

[unreal torrent]

hi guys, do you know when the staking ends? Thank you @cunning perch

[scarlet minnow]

@glass surge so let's say Ilv is 1k buy game launch what will sILV be in the game value once launch

[glass surge]

Exactly the same value as ILV, they are connected in price

[cunning perch]

there is no recommendation regarding the size of your bag. it's all relative to your buying power.

[next ruin]

You will always be able to stake IVL? To be eligible for RevDis

[sinful pond]

It's a personal decision---there's risk with any protocol/investment so you have to weigh that for yourself. gas is a bit pricy now so staking small amounts is a little less worth it

[cunning perch]

no worries. Staking never ends. Yield Farming ends in 3 years

[unreal torrent]

ty

[near arch]

thats about it. thanks.

[scarlet minnow]

@glass surge your very patient thank you for helping me understand so this can buy land and other items and illivials

[charred rampart]

im curious, does my sushi lp APY fluctuate up and down with the market?

i locked up at high 600's, now, its low 700's

[glass surge]

You’re welcome ☺️, I thought you were trolling yesterday so didn’t help as much sorry 😅.

[scarlet minnow]

@glass surge sILV has a limited utility you cannot use it in the exchange ! Just for swords and land and that is it

[glass surge]

Yes, it’s just for in game stuff

!sILV

[woven ibex]

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.

[glass surge]

@scarlet minnow give the message above a quick read

[manic spindle]

While some of these commands work for others as well right now, I'd like to ask everyone to refrain from using them. This is something being worked on atm. They are meant for mods/team only and if we decide to open these up for a bigger audience then we'll announce this properly and also list transparently who can use what and the content of those commands, thanks 🙂

[glass surge]

Ok ✅

[scarlet minnow]

@glass surge I red it and seems to me that is connected to ILv value or pegged but the white paper doesnt say this .. if. 1k ILV happens at game launch . You think that this trades at the same us value ... seems to me that sILV is very smart to stake for if you want to play the game
.

[cunning perch]

sILV reduces the total number of ILV. However, It is ETH that generates Revenue. sILV is set for those short on ETH and afther YF ends, it will stop being generated as there will be no YF rewards to claim, and we'll go full ETH

[glass surge]

Yes it trades at the same value

[scarlet minnow]

So sILV is ILV in the game .. .. @cunning perch. If you believe your short on eth meaning that Ilv 3x from here sILV will be one way to bank capitalise on the growth

[brisk surge]

I have a question sir it said 3M of ILV rewards will be distributed in 3 years what do you mean by that? so after 3 years theres no more staking? stake my ILV for a year and plan to stake it again with my rewards if the apy still worth

[gloomy gazelle]

The APY you are earning at does fluctuate to match the stated APY

[tall pier]

A follow-up question for clarity (probably already asked/answered somewhere but this is such a huge thread, so here goes): If I already have SLP staked and I want to stake more SLP, I also have to unstake/restake everything in the ILV pool...but If I want to stake in the ILV pool, I don't have to touch the SLP pool...is that all correct?

[next ruin]

No more NEW tokens will be available via yield farming. You will still be able to stake to be eligible for RevDis

[scarlet minnow]

sILV should be able to be removed from The game right or wrong and coverted into ILV or it will wrapped and traded in a pool .. ?@glass surge @woven ibex

[glass surge]

sILV isn’t ILV in game. It’s the same value as ILV but is essentially for people who would like to spend their yield farming rewards in game. They can use sILV instead of ETH

[brisk surge]

@next ruin Got it sir Thank you

[old yarrow]

Last question. What’s the risk like for this one? Essentially I’m just locked in so I’m banking on ETH and ILV both being same price or higher in a year, also making APY, right?

[scarlet minnow]

@glass surge try to be the last questions lol so sILV is it own coin and the supply is limited.. Or does it print like axie Slp.. in game rewards

[sinful pond]

When providing liquidity you are exposed to impermanent loss, which happens when the tokens change in value relative to each other (like if ETH stays around the same and ILV goes way up, you lose a little value in your liquidity stake). But the high % yield on the SLP stake compensates for that i think. Risks include smart contract glitches and the value of ETH and/or ILV dropping a lot---same as any other crypto investment really. personally i'm very invested in both the ILV and ILV/ETH pools

[brisk surge]

well for my own opinion sILV is very useful while your staking you gain sILV while you are playing you need sILV to use in the game so you dont need to use other transaction fee like eth.

[ornate cypress]

When the ilv set aside for rewards is all out, how do we receive rev dis?

[glass surge]

Yes, and the max supply theoretically possible is 3 million. This is because yield farming rewards are set at 3 million ILV, people can claim those 3 million ILV as sILV instead. Please correct me if I’m wrong guys

[scarlet minnow]

@brisk surge. So if the game is huge successful ilv and silv Will be valuable

[manic spindle]

RevDis has nothing to do with Yield Farm rewards, so yes, when the three years of Yield Farming are over, you still get RevDis for your staked ILV.

[ornate cypress]

Right but in what form if there's no ilv left. Eth?

Assuming ilv is sold out completely

[scarlet minnow]

This board is awesome we need the knowledgeable to share so we can get more stakers

[old yarrow]

Can anyone help explain staking vs YF or link me? 🙂

[brisk surge]

@scarlet minnow For sure sir and to be honest there’s more to come after lunching the game so investing early on for a long term is really good decisyon just for my opinion. the game look very nice the ceo the development team . Im really confident for a long run for this project for sure market can go down but good project always stay and comeback strong

[remote forge]

So are you guys actually getting a 700% return from liquidity pool? I've only staked ilv thus far and am curious how the lp is treating people

[brisk surge]

@remote forge I think to be alble to earn that juicy 700% return in shushi LP you need to stake and lock for a year but if you chose to not lock I think just half of the 700%

[cunning perch]

Staking is a form of YF. You stake to get rewards or provide liquidity in the Sushi Pool for even more rewards, but run the risk of IL (impermanent loss)

[remote forge]

Yeah but that's subject to change depending on how much is put in the pool, but I mean like at the moment it would be giving the 700% in rewards and if it lowers or goes higher than you would be receiving that much % at that given time in ilv rewards right? Like with staking as it slowly accumulates?

[brisk surge]

shushiLp if you lock for a year it will be 722% but if not lock 361%

[remote forge]

I just want to be sure of these things before I put in LP

[sinful pond]

I've been staking for about a month and the % return has fluctuated between 600-750% that entire time. I think affected by # of people staking, price of ILV, prob other factors. But I've gotten a lot of ILV out of it in rewards, more than enough to compensate for impermanent loss

[brisk surge]

@remote forge yes it will change it depends on how much is in the pool so your right . just keep asking the team . actually I want a safer move so I dont stake Lp .I know 700% is really great but I just want to play safe

[sinful pond]

i also stake in the core single asset ILV pool too. the SLP pool has generated much more ILV rewards of course, but the ILV pool isn't exposed to impermanent loss and is simpler

[manic spindle]

And ILV only costs less gas as well. Not saying LP is the wrong call though. Just mentioning it for context here 🙂

[remote forge]

I feel the same way, but as @sinful pond said above, I've been hearing that the gains are ridiculous. Also when you claim LP rewards I believe it goes right to the ILV pool

[sinful pond]

basically, risk-reward for the SLP pool is probably higher risk higher reward than the ILV pool

yes, rewards from both pools go straight into 12 month lockup in the ILV pool once claimed. and yes, gas is more expensive for SLP pool, almost double i think, or at least 50% more

actually this morning i spent about $17 to claim from ILV pool, and $22 to claim from SLP pool, so not THAT big a difference but noticeable

[remote forge]

Well, Sunday is the best day for gas if I'm not mistaken haha, TO THE MOON! 🚀 🌙

Thanks for the info guys 🙂

[sinful pond]

I've been waking up early on Sundays just to do all my DeFi transactions 🙂

[lilac coyote]

maybe everyone else think so too because gas is high right now??

[sinful pond]

gas was 22 or lower earlier---everyone else has woken up now

[remote forge]

Well mornings and nights in the USA are best times

[brisk surge]

@sinful pond same here I always waking up early just to try to invest but when I look my wallet its empty so I just go back to sleep again🤣🤣

people from crypto in USA are we going to canada hahaha freaking laws they want us to stay poor

[sinful pond]

I've been trying to get a handle on my taxes (i live in the USA) and it is immensely complicated.... so fair warning to others!

[cunning perch]

Guys for none-staking discussions please use #799010390201466880 or #💬〕general and for token use #💰〕token

[brisk surge]

sorry about that sir. Have a Good one. ill just talk the 3,3 gang for now

[remote forge]

So is there a number that would offset the current impermanent loss or is that just pure speculation. Like at what number do impermanent losses become somewhat nullified by the gains(assuming ilv continues upwards )

Or do I just still not fully understand the system? If that's the case let me know and I'll try to read more and re-read the whitepages

[sinful pond]

It's a complicated answer. While yields are high during the 2-3 years of yield farming, I highly doubt IL will be much of a factor. This link shows historical IL in the ILV/ETH pair, and you can see even the max IL is around 34% or so (which means would have gained 34% in value just by holding instead of providing liquidity), but during that period you'd also get much more than 34% in ILV rewards so it's still worth it: https://analytics.sushi.com/pairs/0x6a091a3406E0073C3CD6340122143009aDac0EDa

Once the system shifts more to revenue distribution then you kind of just have to see how things go. Can use a calculator to estimate IL, and have to weigh that against the revenue distributed: https://dailydefi.org/tools/impermanent-loss-calculator/ But in general i personally think fear of IL is a bit overblown

if the game flops and generates no revenue, well then... but given the community activity and what we're seeing from the team, I'm bullish on the game so i think long term it's a great investment with high revenue potential

[charred rampart]

yeah i took advantage of the low gas 😉 claimed some rewards. still not cheap.

[remote forge]

I'm pretty bullish myself, without a ton to invest though, I have staked about 1k in the ILV pool a few days ago. Just trying to figure out if a lower amount in the lp pool is a good option assuming things for the game go well

[sinful pond]

It's a hard decision to make--ultimately comes down to your views on the risks/rewards involved. Can't tell you what to do unfortunately! Just know that you'll be in good company either way, given the $286 million locked in the ILV pool and $140 million in the ILV/ETH pool 🙂

[ornate hawk]

hello sir, may i ask? if i already have ILV in gate.io then im transfer it to my wallet(metamask). my ILV in metamask can be stacked or not? or it can only be done if you get the ILV in sushiswap?

[sinful pond]

It should work regardless of where you acquired your ILV, so you should be able to stake your ILV by connecting your metamask to the illuvium staking page

[ornate hawk]

ok, ty sir 👍

[noble haven]

Is it possible to remove your ILV from staking prior to your lock-in period ending? I’m locked for 4 weeks and wondering if I can remove it from staking for a penalty or something

[signal wraith]

negative ghost rider

[noble haven]

Ok thanks. I’m up so much on it, that I want to sell some in to ETH so I can set up an ETH2 node… guess I just have to wait

Does anyone know what % of the total supply of ILV is locked right now or staked ?

[ocean quiver]

It there an easy way to lock your already staked ilv ?

[signal wraith]

you would have to withdraw and restaked as locked

[ocean quiver]

Ah ok I thought so…. 1 more question haha … apy is that locked when you stake or does it keep going down for everyone even if you staked when it said 200%

[mint cave]

APY is variable throughout the length of your stake

[ocean quiver]

Thank you both!

[final schooner]

anyone know what the sILV contract is? Are people claiming sILV yet?

[manic spindle]

!contract

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV Token: 0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2

[manic spindle]

https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2 Yes they do 🙂

[final schooner]

wow almost 4k sILV claimed already

[manic spindle]

That's going to jump up like crazy as soon as the council officially approves the mini-game and thus land sale with sILV as payment option 🙂

[final schooner]

i am guessing the conversion rate between paying in sILV and ETH will be predetermined and locked?

[manic spindle]

There is no conversion from sILV to ETH. sILV value is pegged 1:1 to ILV in game. No plans for any pools on the market. Those might be done by someone else though of course.

[fringe spade]

Just claimed my reards today, what a great feeling

[urban flicker]

Quick question on SLP pool. Will the return % will based from the ILV plus the ETH equivalent or just the ILV value?

Example if we stake 5 ILV plus the equivalent ETH, will it be 700% x 10 ILV or just 700% x 5 ILV?

[signal wraith]

700% varrying on the % change daily of your invest amount. so 5k of ilv + 5k of eth = 10k

you get 700% apy on 10k but the % of the apy changes daily

[urban flicker]

Ok great thank you for the clear and quick response :)

[signal wraith]

you also get your reward in ILV so also depends on the price of the ILV at the time also

[urban flicker]

Ok i understand

[swift verge]

If i'm staking into the ILV pool for 1 year do I have to collect rewards regularly or can I do it all once my staking period is over?

[ornate gazelle]

Hi everyone. I am trying to stake into the Sushi LP core and I already linked my meta mask but it does not let me deposit any ILV.

I was able to stake in the regular core but not the Sushi LP.

[signal wraith]

your rewards are locked for 12 months from the day you claim so if you waited 1 year to claim you would have to wait another year for that reward to be unlocked so 2 years. but if you collect to often Gas prices to collect can eat into your profits.

[manic spindle]

!lp 🙂

[woven ibex]

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

[hybrid wraith]

But you can also just not collect and then collect the sILV (or w/e its called) to do ingame stuff right? Then you'll avoid the extra lockup?

[grand pine]

U have to add ethereum and ilv in the liquidity pool on sushiswap, after u did that u can add to the SLP pool

[signal wraith]

correct. You can claim as sILV and use it in game without a lockup

[signal wraith]

also remember sILV is not staked and there is no reason to pay gas to claim it until you need it.

[ornate gazelle]

I own ILV already and its being held in Metamask. To add it to liquidity I have to swap it again?

[wanton nova]

If I withdraw my axs from the flash pool and I claim the rewards as sILV I don't have to claim the other pools, right? So my accumulated Ilv from ilv and slp pool remain untouched.

[signal wraith]

https://www.youtube.com/watch?v=C6YugU4zZr4&t=9s

[whole elk]

Hi guys, I have a question concerning APY%. If I lock my LP pair at 700% APY is that guranteed for the duration of the locked term or can it drop as more people enter the pool?

[mint cave]

APY is not locked

it will vary

[wanton nova]

It drops when more people enter and also the amount of ilv distributed to the stakers drops by 3% every two weeks

[cloud quiver]

Would anyone like to share what % they are claiming sILV vs ILV?

[signal wraith]

No reason to claim sILV if you are trying to stack it up because you have to pay gas and sILV doesn't currently give you anything.

[exotic igloo]

I am only claiming ILV until the game comes out or the land sale happens.

[final steppe]

This.

[signal wraith]

I am stacking my sILV and will claim it when i think I have enough for the land sale

[urban flicker]

Will we be able to buy a piece of land with a mix of sILV + ETH if we have insufficient sILV?

[final steppe]

Unknown as of now-- but the team is considering it

[ornate gazelle]

Great video thank you! I added ILV to the liquidity in Sushi but the button to approve does not show up...

[urban flicker]

I see ok thanks ill watch out for it

[signal wraith]

you have to have equal amount of ETH in your wallet.

[ornate gazelle]

ohhhhhhh.....

[signal wraith]

sLP is ILV and ETH mixed with equal parts when creating it.

[ornate gazelle]

I understand now. Thank you!

[vagrant garnet]

Can I get my rewards of 1 year y sILV at the beguining of the period? Thanks

[final steppe]

I would also just like to recommend this article... if you're new to providing liquidity and yield farming, it's important to understand the risk of impermanent loss you are facing by providing both ETH and ILV. https://academy.binance.com/en/articles/impermanent-loss-explained

[final steppe]

Hey Khael-- not sure I understand your question. Are you asking if you can get your sILV rewards early?

[vagrant garnet]

Hey there, in the video tutorial they said that the rewards in sILV can be reclaimed instantly

[next ruin]

ILV or sILV accrue at same rate - ILV is just locked for 12 months after claiming, while sILV has no such restriction.

[vagrant garnet]

for use it on the game, so if that's right and I stake for 1 year, today I can claim my reward from 1 year today?

[cloud quiver]

So essentially we are better off claiming ILV and selling for eth for land sale?

[exotic igloo]

Depends how much you produce

[cloud quiver]

Yeah I’m torn on this.

[exotic igloo]

If you think you need to start claiming now for the land sale in around 12 weeks you can let them pool until then and decide then.

[final steppe]

If you start staking today, you can claim your rewards whenever you'd like as long as you see there are rewards available to claim 🙂

[signal wraith]

you can not sell the ILV for eth when you clam it because all claims are locked for 12 months

[vagrant garnet]

I get it, what is locked is the main mony

[signal wraith]

all rewards once claimed will also be locked for 12 months from the day claimed

[final steppe]

Correct. What you staked is locked for 12 months.
For rewards, if you claim ILV, ILV is locked for 12 months from the day you claim.
If you claim sILV to be used in game, that is not locked.

[vagrant garnet]

oh thanks!

help here please, lets say I have 1k and I want to invest it all in play the game

[final steppe]

Not quite. Only ILV rewards are locked for 12 months.
sILV is available to you immediately

[cloud quiver]

Well, I guess sell the ILV i have in flex and still end up with ILV with a weight of 2

[signal wraith]

i know i forgot to say that. I was thinking he was talking about ILV I need to learn to explain everything more, good catch!

[next ruin]

Yeah, this you should be able to do

[vagrant garnet]

I can stake it and claim sILV, for increment the available ammount, in wich pool do you would do it?

[signal wraith]

you can do that

[next ruin]

For 1k, you are probably best in the ILV pool, due to simpler transactions and less gas. IMO

[cloud quiver]

Can we combine portions of ETH and sILV to make purchases in-game or must it be wholly one form of token for purchases?

[next ruin]

TBD, I think

[vagrant garnet]

even thow the ILV/ETH has +600 apy??

[signal wraith]

that is not yet established or voted on. We will have to wait for the proposal to come out

[next ruin]

Up to you, obviously. If you wait for really low gas for each trx you might make it worth. But if you are not careful you will eat up a good chunk of your initial investment.

[vagrant garnet]

still doesn't get why that much transactions... sorry. Lets say I stake 1k in the ILV/ETH for 1 month and it remains with a APY of 600%, then in 1 month i will have 120% in rewards aproximaly?

[brisk surge]

Man

[next ruin]

In that circumstance you would have 50% in one month - you have more transactions because you have to add to liquidity pool first, then stake the tokens vs just staking ILV.

600 / 12 = 50

[vagrant garnet]

thanks I get it now!

[jovial moat]

Guys I have a question when I lock my sILV up say 12 months if the game launch is in 6 months will I be able to make purchases in game with my locked up sILV tokens?

[vagrant garnet]

👍Have the same question

[next ruin]

sILV can not be staked/locked and doesn't earn add'l rewards.

[cunning perch]

You cannot lock sILV. I believe you meant ILV

[cloud quiver]

Glad to see we converted you from OMI. Dump all your OMI to ILV, you'll be happy you did.

[jovial moat]

Lol I'm still on board with omi but ILV is a different animal more on the gaming than a collectible

[cunning perch]

You lock your ILV, then decide to claim sILV tokens if you want to use in the game alongside ETH.

[jovial moat]

I guess what I ment to say is SPL

[cunning perch]

I believe you mean SLP. 😆

[jovial moat]

Lol yes 🤣 lol omi slp ilv so much to learn lol

[cunning perch]

It's ok. Whatever you lock in whichever pool (single asset and/or LP) and lock it in ILV website, you can chose your rewards as sILV and use it in game. Be advised that the Martkey Place currency will solely be ETH. But you can use sILV alongside ETH for in-game stuff like curing shards, traveling, etc.

[jovial moat]

What about the gas fees would it be high being ETH?