🥩〕staking

[viscid glade]

thanks

so after a week you can claim them & then you can vest them? wat is vesting exactly

[final steppe]

Vesting is essentially restaking.
So if you claim your rewards as ILV, those ILV rewards are automatically vested/restaked in the ILV pool with a token weight of 2.0 and locked for 12 months starting the day you claim them. They will earn the APY of that pool as well, so you are compounding your interest and getting more rewards!

[feral seal]

Swap failed: Unknown error: "Error: Error: Unknown address". Try increasing your slippage tolerance. ---- Any help pls? trying to convert eth to ilv in sushiswap

[red summit]

Is there any downside on staking?

[brisk surge]

No because with the ILV only you don’t lose anything compared to ILV/ETH such as IL.

[red summit]

So you are saying that i should start buying some ILV and staking it?

[zenith saffron]

I try to claim once every couple of weeks. I'm surely losing out on some interest but those fees add up real fast.

[ruby wing]

I usually wait till my rewards are significant so Gas fees are minimal relative

[zenith saffron]

yeah i kind of look at is as the overall percentage of ILV relative to whats in the single pool

as opposed to USD value since i'm not sure what thats going to be when this unlocks.

[cloud quiver]

Anyone familiar with APY vision that was mentioned earlier?

[junior shuttle]

Yes they do haha. Already spent ~$600 on claiming. And i only claim every few days.

[lilac coyote]

There is a way to rationally calculate how often you should claim

[spring merlin]

All dependent on your goals. My personal metric is when 1 week of interest from what I claim is equal to what I pay in gas.

[worn zephyr]

I literally stake 0.14 ILV (cause ✨Latin America economy✨) so in 2023 I’ll claim xd

[lilac coyote]

That seems very reasonable

[viscid glade]

does it take a long time for your slp to process? i recently just deposited slp half hour ago & still processing

[signal wraith]

Not normally

[red summit]

Still didnt understand if there is any downside of staking my ILV. Could anyone explaom it to me pls?

[signal wraith]

It cost gas to stake/claim rewards. That could be a downside if you don't plan to stake very much.

[red summit]

So if i dont stake enought it would take a long time to make that gas money with the stacking right?

[signal wraith]

Yes

[red summit]

Is there any value that is the bare minimum to stake if i wanted the stacking profits to surpass gas fees in...lets say 4 months of stacking?

[signal wraith]

You have to do that math yourself my friend. Look at current APY and how much gas fees have been 30-40 lowest. LP is double gas

[red summit]

Im new to staking, how do i calculate the profits of stacking ILV?

[feral seal]

Swap failed: Unknown error: "Error: Error: Unknown address". Try increasing your slippage tolerance. ----- any idea whats this error? trying to swap ETH to ILV in sushiswap

[junior shuttle]

increase your slippage

[wispy nest]

What are the advantages/disadvantages of staking in flash pools?

[rancid sable]

I was wondering the same thing. That APY is looking juicy, but is that legit and whats the catch?

[austere vault]

I was also wondering if the rewards are locked

[honest wraith]

Yes, ILV will be locked for a year after claiming but sILV will be available right away

[rancid sable]

Does that also apply to the XYZ flash staking pool? Will that be converted in sILV?

[lunar marlin]

Am I able to stake both in the flexible and locked pool without any penalty for whatever reason?

[wheat venture]

I wonder if I made the right move staking my measly 4.2 in the ilv pool locked for the full year . Rev dis and staking rewards won’t be a huge amount for such a small number of tokens but still worth compounding if I time the gas right I guess. I’m just going to freak out if the value jumps to like 5k a token and I can’t sell because that’s a lot of money to me lol. But on the other hand go big or go home. The potential for higher highs a year down the line should be greater. .. Hype pump and dumps happen with a new game release. But a year is really nothing should be plenty of stuff happening in that time to grow the game and new stuff and all. I hope

[honest wraith]

Yes you can choose to stake either way but when you go to stake after your first one you will have to collect your rewards regardless of how small it is

[lunar marlin]

When they're collected, are they automatically reinvested?

[honest wraith]

Yes, for 1 yr after collection of you claim ILV , not if you claim sILV

[lunar marlin]

Thanks!

and is the gas fees usually about 30 dollars now or am I understanding it wrong?

[crimson spindle]

It’s possible during the year the vested ilv could produce sizable returns

[honest wraith]

They are low now yes, but depending on traffic and every time you claim it will add another part that it processes so it will slowly get more expensive as you@claim more rewards

[crimson spindle]

I claim rewards at the end of each month for a steady income stream after a year

[brisk surge]

@obsidian lava

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• You acquire either some ILV or some Sushi LP tokens
• You go to: https://staking.illuvium.io/staking/core
• You enter the right pool according to the tokens you acquired
• You decide whether to lock your deposit or not (if locked, you will receive more rewards from yield farming and revenue distribution, but you cannot withdraw your deposit until the chosen locking period is over)
• After approving the contract (if this is your first interaction with it) you confirm the staking of the desired tokens

You can find an in-depth video for staking here: https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s

[brisk surge]

!contract

[woven ibex]

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

[signal wraith]

just staked the rest of available funds lets pray I can pay off my house this time next year.

[cinder lake]

!whitepaper

[raw basin]

If ive locked funds into the LP pool, am I supposed to be compounding myself?

I can see my rewards listed but assumed such was to be automatically pounded on account of the pool being an APY not APR, I also assumed id be unable to remove the rewards at all having locked my stake.

[steel patio]

You have to manually claim rewards.
LP Pool requires 2 transactions (Eth Fees), as you must claim from both pools.
Rewards regardless of locking, are restaked for 12months when claiming.

[simple basin]

So conservatively, you'd have to wait at least 1 year to actually realize any returns?

Sorry newbie here, what's the difference between the "Rewards" and "Vesting" tab?

[toxic harbor]

Can someone prompt me the #info messages from this thread? Im on the phone and i dont know how to reach them. Thank you

[simple basin]

Is my understanding of the overall staking process correct?

1. I stake in the SLP pool and choose a lock period of 1 month
2. During this 1 month, I will generate rewards that can be claimed in either ILV or sILV
3. If i choose to claim the ILV rewards, these will be locked for an additional 12 months from the date of claim
4. If i choose sILV, there is no lock in period - but can only used in-game

[gloomy gazelle]

Sounds correct to me.

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• You acquire either some ILV or some Sushi LP tokens
• You go to: https://staking.illuvium.io/staking/core
• You enter the right pool according to the tokens you acquired
• You decide whether to lock your deposit or not (if locked, you will receive more rewards from yield farming and revenue distribution, but you cannot withdraw your deposit until the chosen locking period is over)
• After approving the contract (if this is your first interaction with it) you confirm the staking of the desired tokens

You can find an in-depth video for staking here: https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s

[toxic harbor]

Thank you

[simple basin]

So the key takeaway for me is that i'll need to wait at least 12 months from the date of claim to realize any returns

[gloomy gazelle]

Unless you want to take it as sILV.

sILV will be usable in the game. Expected to launch in December. It will also be usable in the upcoming land sale. #🎮〕illuvium-zero

[simple basin]

Got it - thanks pelican22 - very helpful. Took me sometime to wrap my head around the mechanics

[gloomy gazelle]

Yeah there are some significant point you don’t want to miss. So far it looks like you are getting it.

[umbral egret]

Hey guys , maybe someone asked before but haven't find anything .... Do you know whats going to be the weight of the pool XYZ ? cheers

[mint cave]

the flash pools receive 2% of the yield farming rewards while active

[sour glen]

What about the XYZ staking? Could someone ELI5 ?

[mint cave]

you stake xyz and get ilv rewards

[sour glen]

1:1 ratio? Because the APY is something amazing

[brisk vector]

That apy is absurd lol. I assume it's because of the high risk of il

[west carbon]

Is the 600% apy on the SLP tokens based off the total value of ETH and ILV provided to the pool or just 600% of the ILV half?

So for example, $500 each of ETH/ILV provided. Would it be 600% apy of $500 ILV orr 600% apy of $1000 total value provided?

[frozen sable]

I can stake my ilv thats on my ledger using Metamask right?

[glass carbon]

$value:$value ratio for apy

[glass carbon]

yes

[glass carbon]

it's by $value of the SLP tokens value

[west carbon]

Awesome. Thanks 👍

[unique bear]

Hey all, if someone hacks your metamask while you're locked away in SLP, upon claiming the staked amount and rewards back to your wallet, is there a way of sending it/linking it to a new wallet?
I'm planning on getting a cold wallet instead to de-risk this, but not sure what the process would be to align the staked tokens to this new wallet. Any help/advice would be appreciated.

[manic spindle]

No. Your stake is locked to the wallet used for staking. You would have to withdraw it and send to a different wallet then.

[unique bear]

@manic spindle OK, so the plan is, don't get hacked LOL.

[sour glen]

What is the connection between XYZ and ILV ? Is XYZ the marketplace that will be used by Illuvium?

[ruby wing]

no, just an early partnership

they had an early flashpool for ILV

[sour glen]

Are the APY being offered really possible? Looks like something is off

[manic spindle]

They are not just possible, they are real and have been paid out for almost two months now already 🙂 But the APY shown for core pools require you to lock your stake for 12 months to get the full bonus of a 2.0 token weight. If you don't look at all then you only have 1.0 and thus half of that APY.

[sour glen]

Sorry, had to be more specific, I'm talking about the XYZ.

[brisk vector]

How long is XYZ pool open? 58 hours?

Looks like there's no lock in for the flash pools

[manic spindle]

If everything would stay as is, then this would be the APY, yes. I can guarantee you though that before it starts in 58hours that more will be staked by then and thus the APY lowered 🙂 Flashpools last 14d and you can check more about xyz in #xyz 🙂

[brisk vector]

Does the pool start in 58 hours or can you stake now?

[queen garden]

good morning lads. i just wanted to stake slp. therefore i claimed my rewards. but after claiming it tells me to claim again in order to stake. 🙈 60 bucks 😅🙈

[ruby wing]

you can stake now but the rewards wont start until then

[manic spindle]

You can stake now but rewards won't accrue until that block in 58h

[brisk vector]

ahhhh got it, super helpful ty!

[forest thistle]

Anyone have an economical solution to claiming staked rewards from 3 illuvium in the core pool? Once a month? Once every 3 months? Any suggestions would be appreciated.

[dense relic]

I just staked in the slp pool, wen lambo?!

[mint cave]

https://gfycat.com/glitteringgrimyamericanbittern

now

[cursive grail]

Hi, I have a question: I have already staked for ILV/ETH pool for lock 12 month. And now, I want to stake flex or lock, so I must claim reward and then can stake right?.

[manic spindle]

You simply stake a new deposit and during that transaction you are required to claim your current rewards. Don't claim manually under rewards and then try to stake. Then you need to claim again even if it's just a tiiiiiny amount 🙂

[dense relic]

yeah so for instance, I had to claim, but when I did the claim was also my stake, so I saved some gas. Don't claim before you stake, staking automatically forces the claim

[cursive grail]

Ok, many thanks.

[stable linden]

jeff i like your humor

[broken wedge]

how do you stake in the slp pool?

[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

[stable linden]

@manic spindle quick Steak 😛 question. The Weight when "locking" just attributes to the apy % correct? Or is there something more to the "weight" from 1 -> 2

[manic spindle]

Token Weight affects your reward calculation for Yield Farm Rewards and RevDis 🙂

[stable linden]

ty https://tenor.com/view/boy-kid-computer-thumbs-up-face-gif-9548945

[vast crystal]

Hi! Will actual core pools stay active until the start of the game?
Or they will change?
It's to avoid max of fees
Thanks

[broken wedge]

so is staking more profitable than just hodling? never staked before

[glass carbon]

They last 3 years from the start of staking

[glass carbon]

It depends on your rewards out weighing gas fees. If you have a larger bag it's generally more profitable, but always do your own research according to your situation

[severe tangle]

Hey guys i been staking now for a while and i have sushi 2 pools. one is locked and other isnt

is there a way for me to combine both. I would like to lock them for max APY 😄

[manic spindle]

You cannot combine them, no. But you can withdraw the unlocked one under "Vesting" and the re-stake it with a locking period for a higher token weight 🙂

Rewards accrue in one pile together regardless of one deposit in a pool or multiple.

[severe tangle]

thanks @manic spindle I will do that!

[sour glen]

Will the XYZ pool only reward for the 14 days that its open? If not, for how long the value will be locked?

[stable linden]

quick feedback from me doing this process, adding the SLP token to my wallet before approving the contract on sushi allowed it to work. might have done it wrong the first time but thought i'd share

[manic spindle]

!claim Rewards will pile up for 14 days and that's it. In terms of claiming those rewards:

[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.

[manic spindle]

For more about the xyz flash pool, we do have a #xyz channel for that 🙂

[vestal skiff]

Does the same apply in this example. I’m staked in SLP but not ILV. I’ll leave SLP pool as it is but want to add ILV pool. Does that auto claim my existing rewards too? Thanks

[dense relic]

Unsure. It would make sense that it would force you to claim ILV pool rewards, it may force you to claim slp rewards too, then it would go into the ILV pool with what you put in there.

[strange meteor]

Hello good day! I would like to ask if there's a minimum amount to get SLP Tokens? It doesn't allow me to confirm adding liquidity

[junior shuttle]

you have both ilv and eth of equal amounts in USD terms?

[strange meteor]

Yes they are. does it have to be really equal amount? like exact? for example $50 ilv and eth?

[junior shuttle]

when you add liquidity should be very close

like no more than 1% difference or something like that

[strange meteor]

oh okay okay. I'll try again

[brisk surge]

Does anybody know the compound interval for unlocked rewards?

[manic spindle]

Unlocked/Locked stakes accrue rewards at the same time every block according to their token weight and the APY at that time.

Unclaimed rewards do nothing

[brisk surge]

hey guys, should I stake basic ILV or should I stake with liquidity?

[gusty palm]

that is up to you. i am doing both

[brisk surge]

im not putting too much into it, so im just wondering if the gas fees are worth it for liquidity yknow

[tidal vine]

are unclaimed rewards generating apy?

what should i do with the ilv i get from staking slp?

[gusty palm]

idk man. you can do a calculation. if you stake in pool 1 for 1 month you will get x amount. then do the same for pool 2. then you can run a scenario on what happens if price goes up

[silent spire]

No.

[manic spindle]

!claim No, unclaimed rewards do nothing.

[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.

[brisk surge]

thanks for the help dude

[silent spire]

Claim them in timely fashion when gas is low. When you claim them, you start generating APY from them as well.

[wanton nova]

Why is there talk about xyz flash pool? Didn't gov voted for a pause of flash pools?

[tidal vine]

oh sick and i keep those ilv? or can there be loss due to staking those? like if i accrue 10 ilv in the second staking pool for 1 year at the end i get all 10 ilv plus the apy?

[brisk surge]

Thanks @manic spindle

So to follow up, from our discussion in the wrong channel.

I can claim as frequently as I like and it continues to auto compound all on top of the various claims with a lock for 12 months?

[wanton nova]

Yes you keep them. They are locked for 1 year after claiming

[tidal vine]

+apy right?

whats the yield on that second pool?

[manic spindle]

Every time you claim ILV that amount of ILV is staked and locked for 12 months, yes. You can see all your deposits/rewards under "Vesting" each with their own entry and locking timer. How often you claim is up to you depending on Gas fees and how fast your reward pile adds up.

[silent spire]

XYZ pool is up in the website already. Will go live in 56 hours. There should have been announcement or something, I guess.

[wanton nova]

When you claim rewards they are locked for 1 year and generate new rewards themselves with a token weight of 2. These rewards have to be claimed as well and are then again locked for 1 year

[silent spire]

It is ~83.71% right now, but will keep decreasing as more ILV is claimed.

[wanton nova]

~ 90%

[tidal vine]

thank you, and so each batch that i put into the ilv stake can be unlocked after 1 year, so it doesnt reset the clock for all?

[silent spire]

Exactly.

[tidal vine]

whats xyz pool? do i need more ilv? haha

[silent spire]

Goto Vesting section in Staking Website, you can see when are your tokens released.

[wanton nova]

You can stake xyz for 2 weeks to gain ilv. In my opinion (nfa) it's only worth it if you already have a lot of xyz

[silent spire]

You apparently need to buy XYZ token. And stake it in flash pool. Somebody must be writing some guide or announcement on the whole thing.

Check #xyz channel

[strange meteor]

Thank you! I can add now. I'll just wait for the gas price to go down. it'll kill me haha

[silent spire]

Gas is low now. Believe me this is one of the lowest in this week. 😄 go go go

[deep mantle]

Which one is better fixed or flexible?

[silent spire]

Depends. Flexible gives low interest but you can actually take it out when things get hot. Fixed if you believe this will be good long term investment.

[finite shale]

I have $70 worth of staked rewards - Gas is $30-40. I heard from somebody that it's worth to claim everytime it hits 1:2

Do you think that $70 staked will earn more than $50 if compounded over a year. (regular stake)

[silent spire]

That's a bad idea.

Do you mean, you have 0.14 ILV in rewards right now? And, is it worth claiming it by paying $30 gas?

[clear cape]

Why is it only worth it then? Is the APY not justifiable for making it worth it?

[brisk surge]

I was never asked to confirm a second tx in mobile.

[deep mantle]

Will I be able to Claim silv if I invest in fixed?

[wanton nova]

Yes, this is my experience with the arx pool. Apy was (I think) lower than ilv pool.

[clear cape]

Damn it’s like 21,000 or some shit, is it rly gonna get down lower to the core APY’s ?

[obsidian brook]

What can you use sILV to purchase in game?

[brisk surge]

@median canyon the second tx just never appeared after sending the first on my mobile device. If I initiate again will it attempt to claim the dust?

Because the claim is greyed out on the single stake, this makes me think if I claim it will do the SLP claim...

Metamask mobile is not recommended for claiming. It's been really weird after the eth update.

[unique bear]

Another. Dumb question for me.... Where is the rewards cash (equivalent ILV) coming from at the moment if the game hasn't yet launched and earning Revenue? How can this be paid out and guaranteed?

[uneven turtle]

When’s the staking pools going to show on zapper anyone know?

[wanton nova]

It depends on total value locked. Rn there wasn't even an announcement.

A fixed amount of ilv will be distributed to the people in that pool. Your rewards depend on your share in that pool.

[clear cape]

How much lower..as in potentially lower than 1000% ? or should it remain around 10,000. Obviously u do not know and NFA, but asking for your opinion

[loud quail]

aaaay, bought in friday and took an insta loss, now in the green LFG

[clear cape]

if ur staking the price movements r irrelevant

[near sentinel]

Kk, I’ve watched the YouTube, read the fuckyous, and am still wondering some things: what’s the lowest i can stake on the SLP? And if I decide to keep adding to my stake over time, I’d this possible?

[spring merlin]

The answer to both questions involves gas fees. You can stake any amount of SLP for as long as you want and add whenever you want. But it has to be worth the cost to stake and worth the cost to claim rewards.

[median canyon]

I'm honestly not sure. Leave it for a bit and see if the transaction fails or doesn't even exist. I know that some people have had luck with reinstalling metamask but I don't usually do it on mobile.

What I can say is that we will have an IIP late next week to upgrade to V2 of the yield farming. It will be a significant overhaul so it's not coming soon, but once it is done it will fix up some of the issues that people have been having. We are prioritising features and lower gas.

[brisk surge]

Yeah usually I'll confirm the single stake tx, then a second for the SLP will pop up. It just didn't pop up. On PC I'll get two right away.

Looking forward to the improvements! Feels like a Metamask mobile issue, like it doesn't want to have a pending tx

[golden bobcat]

I only can afford 1ILV, Should I stake it ? Any advice ?

[signal wraith]

I have had problems on mobile where I never get the 2nd transaction pop-up. I have to do it on my PC now after losing about $60 in gas

[median canyon]

I would say that is maybe not enough.

[golden bobcat]

Yeah, I’m sure part of it will be deducted by gas fees

[exotic igloo]

Not recommended for queued transactions at all no

[median canyon]

I don't want to overplay the improvements, but we are going for a decent size overhaul. We expect as things ramp up were going to get a whole new wave of stakers, and we want things to be easy.

It's not easy at the moment, but you guys are all gigabrains and navigate it pretty well despite the weaknesses.

[signal wraith]

I find the process very intuitive after doing it the first time. The video Rahlords created was very helpful. The only hiccup was the Mobile being weird

[median canyon]

This is mainly due to the User Interface and the work of the community (like @exotic igloo ) to help people know what is going on. The new system shouldn't rely on other stuff to be doing work.

But again, it's not going to be a magic button. (Maybe one day)

[merry quiver]

Hey guys, just read Kieran's update. Can someone enlighten me about this flash pool? And what about the AXS and XYZ pool? Does that mean, ILV also encourages staking other cryptos and we'll get similar rewards like how we're staking ILV?

[tidal vine]

where to get xyz?

[sly temple]

Are the rewards from flash pool staking also vested for 12 months?

[signal wraith]

Sushie swap just like ILV

[full lagoon]

Anyone who did the flash pool before? How much do you stake to get at least a decent rewards?

[knotty dock]

AXS flash pool was swamped not quite sure on XYZ tho

[lime epoch]

Hi guys Is it true that I can still earn % of the transcation under the ilv/eth pool on sushiswap even though I stake my liquidity on Iluvium? If yes where can I check the earning on that?

[tidal vine]

do flash reward only show afer the staking period?

[lime epoch]

The apy on the xyz flash pool will it get lowered the more people stake? and when the 14 days staking period end will it automatically unstake or you need to pay transaction for that as well for the claiming?

[merry quiver]

so many questions now on this flash pool staking 🙂

another question, if staking flexibly in ILV core pools, if you top-up additional ILV's in the future - do you still need to claim rewards first before being able to do so?

coz that's what happened to me when I staked ILV core pools for 52 weeks

[slender ocean]

anyone here can tell what was the apy for the SNX pool? AXS is like only 20% right after the whales went in

[hazy token]

I would like to know this too 👍

[knotty heron]

um is the 6000% apy on the xyz pool legit?

[surreal thistle]

it will go down the more people stake

[slender ocean]

check again after 48 hours...

[knotty heron]

ah okay, does it drop a lot

[slender ocean]

yes it will drop a lot

[knotty heron]

i was gonna say thats insane xD

[slender ocean]

i got in AXS pool @ 5000%... it ended up @ 20%

but that's AXS... XYZ could be higher

[surreal thistle]

it was 20k% an hour ago 🙂

[old yarrow]

Hi all, question on claiming rewards from staking the ETH/ILV sushi liquidity pool. If I claim ILV vis the interface on the site (button), what happens to that ILV?

what if I want to reinvest it? I’ve got a 12 month lock - not far through it yet. Thanks!

[surreal thistle]

ILV claimed on the ETH/ILV pool is locked back in the ILV core pool

[old yarrow]

Ah, I see. And is it locked against the same remaining timeline as the ETH/ILV pool, or is it back to a new 365 days? Even if I have some already staked in the core ILV pool too?

[tidal vine]

new 365 any tokens locked for a year are available

but it doesnt reset the timer on any coins in there already

[old yarrow]

So I can multiple 365 stakes going at once then basically? Also, what’s the amount of ILV that is reasonable to claim and relock do you think from the ETH/ILV pool? I assume there’s general good guidance on what’s not worth it due to fees in and out?

[tidal vine]

i think thats greatly dependent on current gas fees, and yes multiple stakes

[old yarrow]

Gotcha. But essentially I need to take into account 2 gas fees total vs the expected rewards

[surreal thistle]

yep

[tidal vine]

ya its a balance, the most important factor imo being low gas

[old yarrow]

K. What would you do? LOL

[surreal thistle]

I try to aim at gas/rewards <10%

[old yarrow]

Last thing. Can I stake multiple different sushi LP (ETH/ILV) locks as well, if I want to?

[surreal thistle]

I think you can, but unfortunately I'm out of cash to try it out!

[old yarrow]

Ok, just was curious mostly. ONE MORE question… is there any estimated view of APY expectations of the 2 pools over the next year?

[surreal thistle]

for sure, you can't reajust the locked period once you have staked

you have the current APY of both, so you could make a rough calculation. but keep in mind that it repends on how much ilv is locked in staking. so it will probably go down when Illuvium gains exposure

[gentle hazel]

Should we remove our AXS stake or do rewards continue?

[dusk kestrel]

With the flash pool, is the APY only claimable in SILV & ILV when the pool finished and not throughout the weekend?

[old yarrow]

It varies every minute basically right? So if I started at 700%, I can’t expect that to be normal 6 months from now in my stake right? Ie I do I lock my stake rate for a year too?

[tidal vine]

i guess i have been staking for a few hours and dont see any reward

[surreal thistle]

you are correct on the rate. for the locking period, it's more about how much you believe in the game and its economy after launch

I locked for 6 months and I'm now crying about not going full year 😅

[old yarrow]

Haha right, just can’t expect to take my investment * 700% though, not that simple, probably it’ll go down in the next 12 months and average our around 100-400% or something I imagine

[surreal thistle]

I'll be happy with that kind of long term apy!

[gentle hazel]

Should we go ahead and remove our AXS stake?

[dusk kestrel]

Stake fat while the sun is shining bro!

[tidal vine]

is the flash fool snapshot based like at the end they take a snapshot and distribute the reward?
i don't see any ilv accumulating is why i ask

[slender ocean]

its over...

[slender ocean]

im just saying... dont get their hopes up on the xyz pool... it could go similarly

and fyi @gentle hazel we know youre the one who put up $3M in axs...

[gentle hazel]

Sry. I’m new. I was just asking if I should remove my stake. I wasn’t sure whether it meant it was complete from accepting additional stake or whether the rewards have ended for people who have staked.

[slender ocean]

axs flash pool is done... xyz pool is ongoing

[gentle hazel]

Ha. I wish that were the case.

[spiral flame]

If i stake xyz now, will i start earning now? or only after 54 hours?

[tidal vine]

it seams like the earning is after the 54 hrs ive been in the stake for an hour or 2 and it doesnt show reward yet

[hardy orchid]

Im confused, i read up on staking, but whats the difference between flash pools and normal ILV / liquidity staking? Like whats the purpose of flash pools from a company POV?

[merry quiver]

they try to invite people who are invested in other tokens by giving them higher APY

[hardy orchid]

ah i see, so i'll be carrying risk from the value of XYZ after 14 days?

[cloud quiver]

The biggest commitment of my life is about to happen….staking in the SLP 52 😅

[hexed bough]

Are you using latest version of the MetaMask app? Damn, you're the second person that's mentioned this over the last week or so. Defo a MetaMask mobile issue. I'm going to see if it makes sense to add a notice for mobile users so no-one else is tripped up by it

[brisk surge]

@hexed bough yeah, I'm fairly certain if I'd initiated another claim it would have only been for the dust

[pastel jetty]

newbie question here: how do I calculate how much ILV I get from staking X amount of XYZ?
Does it just refer to the amount of $ XYZ is worth?

[trim latch]

so is it possible to change the chosen rewards form ILV to SILV during it is locked?

[brisk surge]

When you claim rewards you choose either ILV or sILV after you make that decision you can't go back hope that helps.

[brisk surge]

I would wait until the flash pool is live since you will have more dilution (lower APY) and it refers to what the APY will be at the time it goes live.

[trim latch]

so u mean right now as I'm still staking I still can choose at the end of staking what I want to claim (SILV or ILV)...correct?

as both of my buttons in the rewards tab are available (ILV and SILV) to calim rewards of

[brisk surge]

No when you go the "Rewards" section you can claim either ILV or sILV. So you can only claim your rewards or the interest you are getting from your initial stake.

[pastel jetty]

yeah, but let's say it's 100% APY for easier calculation. now it's the equivalent of ILV in $ that I can, right? I can buy 100$ worth of ILV and 100$ worth of XYZ and theoretically it would provide me with the same amount of ILV rewards, right? (leave pool weight aside)

[trim latch]

ok lets start from scratch...as Im a beginner....I staked 7 ILV and then 4 ILV...afai remember I chose ILV as reward....When I look at the Vesting tab I see 3 stakes. " from deposit (the ILV I staked) and one marked as Rewards. The latter shows 0.02 ILV and is locked for 365 days. So that means I will be rewarded with ILV with is locked for 365 days. When I go to the rewards tab I see 0.07 ILV claimable as ILV and SILV....So my question now would be how to get the most SILV out of this??? thx a lot

[red summit]

What does iluvium win when we stake our ILV?

[coral umbra]

its free money, if i understand you question correctly😅

[brisk surge]

If they were to both stay 100% but in this current time the ILV pool is 83.40% and once the XYZ flash pool launches I'm sure it will be much under depending on how much is staked.

[cerulean nexus]

Guys I ask here again because I didn't understand well. Yesterday I staked more SLP so it made me claim my rewards of 0.75 ILV. Were this rewards added to the ILV pool as double their weight so 1.5 ILV? Or it just means they are staked at the same % of a 12 months lock?

[brisk surge]

So once you have enough ILV in your claims, once you head to "Rewards" tab you can then decide if you want to claim ILV or sILV.

[brisk surge]

So when you claim rewards it gets compounded into ILV only pool which puts the weight at 2.0 (12 month lock) as the vesting period so over time the more ILV you get into this pool the more rewards.

[cerulean nexus]

Oh ok so double weight just means 12 months lock, got it

[left wharf]

Hey Guys. I took rewards, 1d 7hrs ago.
I saw on my ETH wallet some transactions about 3hrs ago.
I DID NOT THESE TRANSACTIONS.
Did somebody experience the same problem?

I don't think that my wallet got hacked. I still have some ETH in my wallet.

[kind loom]

You did no transaction on your wallet 3hrs ago?

[left wharf]

I sureley did not.

[cyan rampart]

Is it possible that the transactions were left pending? Claiming rewards is a multi-part transaction

[kind loom]

True, if you click on the tx you can see when it was initiated.

[cyan rampart]

IF it was initiated when you claimed rewards, it's not a problem, if it was initiated when you didn't claim any rewards, I'd be concerned.

[left wharf]

Could it be that 1d 7hrs ago, I clicked more than one time on accept, and the pending tx got through, when gas prices allowed to go trough, like 3hrs ago?

[kind loom]

Yea, it could be that. You need to check if its true tho.

[left wharf]

Does somebody know where I can see pending tx in the ETH network?

[cyan rampart]

Just view the transaction on Etherscan

[cloud quiver]

I thought max transaction time was 20 minutes. I am beyond that and it still says its pending

[brisk surge]

Sorry, how do i see how much i earned with ilv-eth pool

and how do i add sushi slp token on metamask?

[tulip cloud]

Guys how much did you all spend for gas fee when staking ilv?

[cyan rampart]

You can set your max transaction time, some platforms have hard maximum times too. I don't think there's a theoretical maximum though - I got something through on 25 gas yesterday and it took 3 hours or so

[left wharf]

I don't get it. Transaction time is 3 hrs 29 mins ago (Aug-21-2021 10:11:15 AM +UTC)
I was not online at this time. I was sleeping.
But on etherscan I can't see when the signed tx was broadcasted in the network.
If the broadcast was 1d 7hrs ago, that would be ok.
Otherwise not...
I am so confused

[cyan rampart]

Initial stake about $45-60 for me, depends entirely on gas though

[left wharf]

At least I have no pending txs in my wallet.

[brisk surge]

Hey guys is there minimum amount needed to stake ilv tokens?

[cyan rampart]

Use the illuvium website, check your rewards there!

@brisk surge No minimum, just pay attention to gas fees!

[dusk rapids]

is mining happening right now or after the timer?

[jovial zinc]

Hi guys

[cyan rampart]

Mining isn't a thing with Illuvium, staking is though! I'm also not sure which timer you're referring to

[lilac girder]

Does any one know if i can switch my stake from flexible to locked?

[stuck lichen]

Yes. Please refrain from posting the same question in different places in the future, thank you c:

[dusk rapids]

sorry I was referring to the Ethereum blocks that get mined for the flash pool staking of XYZ

[glossy dirge]

so guys, what will happen to our xyz coins after the staking period is over?

[brisk vector]

For any of these APY numbers, thats assuming an annual withdraw right? So if you're withdrawing weekly or monthly its actually higher?

[cyan rampart]

The APY doesn't factor in if you claim your rewards and start them compounding.

[stuck lichen]

APY is the current percent earnings from what ever you have staked at the time of staking. It is subject to changes.

[brisk surge]

where can i check gas fees to provide liquidity on ilv

[stuck lichen]

!gas

[woven ibex]

GAS fees are an important thing to consider when it comes to transactions on the Ethereum Mainnet. Optimal GWEI can be found by checking the Gas tracker bot in the discord member list and by checking historical gas prices here: https://etherscan.io/gastracker#historicaldata

[knotty river]

Mltz

:fuelpump: Current gas prices

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

29 Gwei

Average :person_walking: | **3 minutes**

29 Gwei

Fast :zap: | **15 seconds**

30 Gwei

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

[celest pike]

can anyone explain simply bout the flash pools? i know about providing liquidity but i dont know how this flash pool works and how long i need to stake

[brisk vector]

Right just saw the message above, so claimed rewards move to the ILV only pool and compound off of that APY

[cyan rampart]

Claimed rewards are treated as if they were a normal stake for 12 months, if that makes sense.

[brisk vector]

Isn't it normal stake at a 2.0 weighting? So today's numbers its new weighting is say 80% APY?

That makes way more sense. Otherwise looking at the current 650% SLP APY, if you claimed monthly you're actually like 40000% APY + Which made no sense to me

[stuck lichen]

40000 APY, sign me up lmaooo

[glossy dirge]

correct me if im wrong. I need to buy xyz token through sushi swap and then stake it right?

[brisk vector]

Haha yes pleeeease

[stuck lichen]

For the flash pool, yes. XYZ doesn’t have to come from sushi iirc, but it is recommended

[celest pike]

4k apy for xyz, is it worth putting small amount like 100xyz

[glossy dirge]

okay! thanks! What does the timer 50hours mean? Does that mean the pool will close and they will return our initial coin investment?

[brisk vector]

It was 44k last night, looks like that apy will drop off a cliff pretty quickly

[celest pike]

i need this answer too 🥲

[brisk vector]

Its when you start earning rewards, if you stake before then no rewards until timer ends

[celest pike]

damn , anyway does the core pool auto compound? how to make sure im compounding my capital

[cyan rampart]

If you got it, it's worth putting as much as possible in early before the APY drops from other people staking.

NFA ofc.

[glossy dirge]

its not locked or anything right?

[final steppe]

There are no locks on the flash pool. Stake/withdraw as you please, but that XYZ pool will just be open for 2 weeks.

[glossy dirge]

got cha! and the apy that we get it will be used right? even if it goes down?

[final steppe]

Keep in mind the APY for the flash pool is going to show a pretty high % right now because it was just announced. No one is earning rewards at that amount (yet). People are still hearing about it and will get their tokens in. So the APY could drop significantly as people start getting in over the next couple of days.

[umbral lava]

Doesn't staking start in 2 days?

[cyan rampart]

NFA, don't trust randoms on the internet. I should have done more research on the xyz pool, I'm not involved in it xD

[final steppe]

The APY is not fixed. So once the rewards start getting distributed in 2 days, all stakers in that pool will earn the APY at that current time

[glossy dirge]

ahhh got cha! 40k apy was a bait hahah

[umbral lava]

I don't think Illuvium Staking website should be considered a random on the internet 😄

[final steppe]

The pool is available for you to stake your XYZ now so you can stake when the gas seems justifiable to you. But yeah, the rewards won't start accumulating until 2 days from now 🙂

[cyan rampart]

OH I meant me, being uninformed on xyz pool and relatively random haha

I think you're right, APY will continue to drop until the flash pool goes live.

[final steppe]

Not quite a bait-- just transparency in showing what the APY would be RIGHT NOW. But as more tokens get staked in there, the APY will start to lower

[umbral lava]

It's how APY works... it's basically a distribution among the capital, so the more people stake, the more people will need to be rewarded, the lower the APY shown

[cyan rampart]

Exactly the same as the other APY's listed - more tokens in the pool, lower APY.

[glossy dirge]

okay! so the play would be to wait right before the timer ends before deciding if you want to enter the pool or not.

[clear cape]

illuvium rewards r ridiculous lol i havent even staked for 24 hrs, yet my rewards is worth 55 usd already

[umbral lava]

Sushi LP is great. Game is not even out yet, ILV will be worth even more in the future

[clear cape]

For anyone who isnt used to defi LP, the apy is literally something that is too good to be true tbh lol, it's like finding a gem in the sand. even if it goes down to 200-300% thats still a solid amount

[brisk vector]

Imagine how much they'll be worth in a year when ILV is trading at 10x 😉

[final steppe]

That's part of the game, I guess! It's hard to know what the gas fees will be like at that time... but it would be Monday morning for me and possibly higher gas fees. I already had my XYZ sitting around so I just staked when GWEI was below 30 this morning 😄

[umbral lava]

Though it's worth noting that very few LPs succeed in the long term, so it's very critical to DYOR before staking

I have staked into numerous projects that just died out over time

[clear cape]

Yeah the IL on eth and ILV i think is quite minimal. normally its quite risky, but imo, the risk is so small if you believe that this project wont be a flop

[umbral lava]

Seeing the hard work of this team and generally how they deliver, I have no doubts about this project 🙂

[clear cape]

Even a 50% drop, u will come out profitable due to the APY lol (12 months locked)

[umbral lava]

Even with 10% you get 5-10x more than you would if you had cash in the bank savings 😄 Not to mention the inflation which is like 1,5-2% annually

[clear cape]

Btw i only have 0.1 ilv in rewards atm but i want to put 5k in. but should i wait so i dont waste gas claiming the rewards, or should i just throw the 5k in now ?

[umbral lava]

Keep in mind ILV rewards are vested for 12 months

[cunning perch]

Staking claims your rewards

[clear cape]

yup im in it for the long run. i looked at the road map, ILV will be relevant even after launch due to 2022 mobile and 2023 a new iLV game, more people being added into their team

[umbral lava]

Imo this is the best crypto game project out there

[clear cape]

Yeah and it'll cost me gas. so what im wondering is if i should put in my 5k ilv now or wait until my rewards are worth claiming for my next stake. but i think mathematically, staking my ilv will outweigh my costs

[umbral lava]

Gas is not that huge of a deal, especially if you're going with 5k imo

[final steppe]

I think you need to ask yourself how long you would wait... and then try to calculate how much you would earn from staking that 5k during that time if you staked it right now.... would those rewards make it worth paying that extra gas to claim the 0.1 ILV?

[clear cape]

yeah 5k worth is like 100 usd in 24 hours or so lol, it would cancel out quick aF

[final steppe]

(NFA of course, but that's a process that sounds reasonable to me lol)

[cunning perch]

Well that's your choice, but u might lose some APY that's the downside of it. 5k ILV or $5k in ILV? Two different scenario lol

[clear cape]

5k in ilv hahhaa, wish i had enough for 5k ilv

[cunning perch]

U scared me for a moment. Thought a whale is joining to scoop all the remaining APY 😆

[clear cape]

hahaha i only have enough to move smaller caps, dont think ill ever have enough for top 200-300 coins

[umbral lava]

You already have more than majority of the investors out there 😄

[cunning perch]

1 is better than 0 esp if that's in ILV. Make a plan and stick with it and it'll be fine

[wind walrus]

Anyone know what the APY of the AXS Flash pool was?

[cunning perch]

Don't remember really, but I think it could have been lower than the AXE as the latter has more HODLers. Not sure though

[weak lagoon]

I bought the dip and claimed 0.3 ILV so was in a similar situation. Already made another 0.4 ILV since about 3 days ago so I thought it was worth it.

[clear cape]

Yeah, since im not used to ETH gas fees i think it throws me off, especially when you are used to pancakeswap. even though id be better off just staking it anyways hahaha

[weak lagoon]

Yeah i feel you there. It was a heavier gas transaction too. To me, the earlier your stake the better off you'll be long term, time is money with this apy. At least if you're planning on staking a LP over straight up ILV.

[clear cape]

Yeah LP for sure, I think IL scare people away due to the name or not understanding it. after realising what it is and taking into account the rewards, i think the best staking choice is a no brainer IMO.

[cyan rampart]

Yeah, especially when the price is relatively stable. I think there's a lot more "gaming" that can be done with SLP staking compared to Core ILV. You ideally want to stake it when ILV and ETH are rising at the same rate, or stable together.

There's a case to be made for staking ILV Core if you think the price is going to spike in the near future (like, before launch or something).

[cloud quiver]

I have like 4 cancel transactions and 1 speed up transaction in MM. I think I f'd up. Lots of money wasted I think. How to clear out all these transactions? Its never been like this vefore

[cyan rampart]

There's some complicated stuff you can do with nonce that I don't fully understand 😦

Metamask support has more in depth info https://metamask.zendesk.com/hc/en-us/articles/360015489251-How-to-speed-up-or-cancel-a-pending-transaction

[grizzled kindle]

I normally reset my account in settings to clear transactions pending. Doesn't do a thing to you account dw

[cunning perch]

If your transactions fail or take a long time, probably there is a problem with your gas limit. Try increasing it next time you want stake/swap

[cloud quiver]

So how do I clear all of these pending transactions I want to get rid of?

[clear cape]

Swypes answered ya it seems

[grizzled kindle]

Metamask settings, under advanced I think.

[cloud quiver]

Wow I love you Swypes

[cunning perch]

if they are pending, you eitehr have to wait for them to clear out or cancel them.

[grizzled kindle]

All good. Been in your same situation a couple times now 🤗

[cloud quiver]

I didn't even lose any money it seems. I thought you lose money if you cancel.

[cunning perch]

cancellation might require a bit of gas. But next time you wanna try, try speeding up and increasing the gas limit.

[cyan rampart]

I think it depends whether it's actually submitted to the Mainnet yet or not. If it is, it costs gas to cancel (and submit), but if it's still local on your wallet, it shouldn't cost gas.

[grizzled kindle]

I've started upping the gas a bit higher than recommended when I claim now. Saves the stress.

[cunning perch]

yes it does. you pay a bit more, but you don't need to worry.

[jovial zinc]

Hi guys just a quick questions, if you stake LP and lock for 1 year you get maximum APR and earn ILV. Do you earn sILV as well?

[cunning perch]

By staking, you will have to choose which rewards you want to claim. every time you wanna claim, you will have to choose between sILV or ILV.

[jovial zinc]

but ILV rewards are locked or not?

[manic spindle]

Yes, any claimed ILV as rewards from yield farm are locked 12 months from the time of claiming. Claimed RevDis will be unlocked 🙂

[clear cape]

LOL fuck that

[signal wraith]

I have never used a flash pool. Goes the flash pool start when the countdown ends?

[signal wraith]

Yeah staking LP costs double Gas

[clear cape]

I staked lp yesterday, i just dont remember it being 100 usd, gonna wait for it go lower a bit

[signal wraith]

Mine was 75 i think last ight

[clear cape]

fuck i forgot how much mine was tbh, maybe 100 is normal then

[manic spindle]

You can click on the "i" next to XYZ to see the start and completion block of the flash pool. They always last 14d and this one begins to accrue rewards in 48h 🙂

[cunning perch]

it's high now. a few hours ago it was half that

[clear cape]

yeah gonna wait

[signal wraith]

Ok ok I put some in to test out the returns. Have you used the flash pools in the past? Were they good returns?

[manic spindle]

Past flash pools tell you nothing. It depends how much is staked from the XYZ community now. Could be vastly different from prior flashpools 🙂 Also, for anything else about those, we do have specific channels like #xyz in this case or the more general #870290845612507176 🙂

[unique fossil]

I paid somewhere around $40 a couple hours ago, like .015 eth or something

[cunning perch]

for now $30-40 is norm

[brisk surge]

so ILV staking rewards are locked for another 12h months once i claim them right ? not when i earn them ? or is the timer already running down once i earn these rewards but dont claim

[fleet island]

is that normal it's very long staking ?

made 0.76 ilv in 2week of flexible staking 😦

[manic spindle]

Claimed ILV is locked 12 months from the time of claiming, correct 🙂

!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.

[brisk surge]

perfect thanks, just 1 more ... the amount $ shown in SLP is the amount i could theoretically withdraw if it wasnt locked right? so does it show the current $ including impermanent loss ?

[lunar quail]

how do you stake if you used coinbase wallet and sushi swap

to buy ILV

[cunning perch]

better to use MM (MetaMask) you can transfer ETH or USDC and buy directly from Sushi and then stake using MM

[brisk surge]

does anyone have a rough idea of how long the flash xyz stake will last? how long does a black last on average

[kind loom]

It will last 2 weeks.

[brisk surge]

thanks

is there anyway to roughtly gauge how much ilv ill make during the stake so i can then figure how much that will turn into over 12 months

lets say .25 eths worth of xyz

or is that impossible to figure out until the apy is llocked

[kind loom]

It will be possible to estimate once the TVL stabilize. While it keeps increasing, the APY is gonna lower accordingly.

[brisk surge]

yeah i thought as much, were you around for the other flash stakes?
has a average apy formed for each

[kind loom]

APY will not be locked but once the staking start in about 47h, most people will have already joined so APY will remain somewhat stable, I think.

[manic spindle]

APY for AXS and SNX did not develop the same and it probably makes no sense to draw any conclusion to XYZ either. Communities interest in ILV is different. Their token supply and distribution is different...gotta wait and see what happens. Also, for anything else about the XYZ flash pool please use either #xyz or #870290845612507176 thanks 🙂

[brisk surge]

oh sorry bro i didnt see the flash partners channel, thanks for replying tho

[manic spindle]

No need to apologize 🙂 Just trying to keep a bit of order. We're only growing more rapidly every day.

[dawn lily]

Hey all, I’m slowly starting to accumulate some rewards and wanted to make sure I understand the pros and cons of claiming now vs waiting. The main downside, as far as I can tell, is you will pay more gas if you claim more often. The upside is that you will start accumulating more rewards as they are automatically staked for 1 year and you will unlock sooner if you claim more often. Anything I’m not considering?

[manic spindle]

Sounds to me that you did grasp the important things. Just be aware that sILV does not compound in anyway. It is unlocked right away. And in case there is a tiny bit of helpful info for you:

!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.

[dawn lily]

Yes, thanks Stormi. That makes sense regarding sILV. I plan to use ETH to pay for in game fees as I personally feel it’s more valuable to have more ILV.

There won’t be anything that you can only buy with sILV, right?

[manic spindle]

Absolutely valid choice and obviously something everyone needs to decide for themselves. I will - most likely - be in the same boat as you though.

[wild zenith]

Accrued rewards that are not claimed do not have additional token weight right? So you only start accruing at 2x in the ILV once you start claiming rewards right?

[manic spindle]

Not unless some kind of proposal would make it so. And I highly doubt that would be approved by the council. sILV is a finite currency since it can only be claimed as yield farm reward. When the 3M yield for staking are paid out in a bit less than three years, then no sILV can be claimed anymore and while I do expect sILV pumps for land sales and stuff, I still expect the majority to be claimed as ILV. So to base anything on solely being paid with the finite currency sILV would not make any sense to me 🙂

[manic spindle]

Rewards that haven't been claimed don't have any token weight at all. They do not compound yet. Only claimed ILV rewards accrue new rewards of their own and that happens with 2.0 weight then, yes 🙂

[dawn lily]

That was also my thinking. Thanks for the reply.

Im curious to know how often other people claim or if anyone has done a cost/benefit analysis, assuming gas to be a constant or predictable amount.

[elder dawn]

I actually just finished building a calculator to help estimate that. If it's okay with the mods, I'm happy to share here - it estimates the changing APY over time and impact of compounding relative to the gas costs. I also built tabs that estimate the total potential value of staking ILV and SLP, as I constantly see people messing that up in their heads, ignoring the decreasing rewards and likely increase in pool participation. Here's the calculator - if this isn't allowed, I'm happy to delete the post. https://docs.google.com/spreadsheets/d/1gj_tPlLzAdeReC0Ne9BcxKN2OJ6xK1nl-9JJ2YW0WWI/edit?usp=sharing

[dawn lily]

Awesome! This is exactly what I was thinking of making if someone hadn’t already done it. You’re right that you have to factor in the gradual decrease in APY % over time. Not something most people will include in their back of the napkin math.

[manic spindle]

I cannot say anything to the quality yet, but I appreciate the effort and applaud the willingness to share it with the community. Unless someone makes me aware of anything fishy with it, there is nothing wrong with having it in here 🙂

[elder dawn]

I assure you, nothing intentionally fishy, though this is the internet, so I appreciate the skepticism. It's not perfect as there's a bunch of missing data that I'll try to track, but it's certainly closer than most people's estimated math. Hope this is helpful to folks.

[dawn lily]

Very cool! I just made a copy and will check it out later. Thanks for sharing! How often do you claim your rewards, if you don’t mind sharing?

[elder dawn]

I'm still debating, even seeing the math - I've been weekly, but there's not too much impact to decrease to biweekly. That's entirely based on my stake and the current APYs.

Likely over time as more people enter and rates fall, every two weeks is likely the mathematically "correct" answer, but time will tell, as will gas prices.

[noble comet]

for sushi LP, is the APY the same during the whole period locked ?

[dawn lily]

I appreciate you sharing all this. I’m curious where I’ll end once I do the math.

[dawn lily]

The APY % will decrease as more people enter the pool. You can always check the current rate.

[elder dawn]

No, the rate will change over time as a function of the ILV price, number of people in the pool, and time, as the amount of rewards to distribute decrease every two weeks

[noble comet]

thanks guys 👍

what would you do guys with a quite "large" amount of ILV token ? I mean, between staking and providing liquidity ?

[cunning inlet]

I'm bullish on $ILV and $ETH, any reason to NOT stake through the Sushi LP? 1year lock period

[noble comet]

same but ILV can pump much more than eth. whats your opinion on that ?

[elder dawn]

Same - SLP has crazy rewards, particularly at a year lock up. It takes on a ton of risk, as a year is forever in crypto time, but seeing the project so far, I'm bullish. I've already accepted that the money I invested is gone, so if you can live with that outcome, there's a lot of value to be had if this works out. Regarding the value of ILV to ETH, the current SLP rewards way more than make up for impermanent loss in most cases, and if my problem is that I could have bought two lambos instead of one, I'll live with that "loss"

[final steppe]

This is certainly a possibility and will just need to be considered when you estimate your incoming returns. Try to calculate what your ILV rewards will be given what you know... and it's up to you to decide whether those estimated rewards are worth the impermanent loss you could suffer from

[noble comet]

thanks 💪

[cunning inlet]

yeah I think ILV will greatly outperform ETH in 1 year period... However I don't want to go all in on something, and since I'll keep ETH anyway I might as well stake it there

[ornate cypress]

I think the word "loss" is what's scaring people. There's technically an impermanent loss if you don't buy ilv nfa

[wanton nova]

Hey, I created a little app to play around with different claim frequencys and how they affect overall yield https://cooper1903.shinyapps.io/stakingyield

[ancient sparrow]

staking ILV/ETH fee is 60+ USD is this normal? any advice? 😩

[half rain]

i was questioning the same (for ILV staking) and it was asking 60$ for gas fee, decided to just bite the bullet and do it, and the actual amount it ended up using for the fee was about 32$

[wanton nova]

Same for me. Withdrew Today to restake with higher token weight and actual gas fees was Usually just 50% of the watkmate

[elder dawn]

If you're patient, Sunday morning US time (about 18 hours from now) is usually the weekly low in gas fees. Might be potentially half of what the current fees are.

[half rain]

good to know for the future 🙂

[ancient sparrow]

Thanks man, appreciated!

[half rain]

If i Stake/lock for 12 months, the rewards are automatically reinvested to compound the rewards until the end of the 12 month period?

[wheat venture]

the apy went down by quite a bit just since I staked a few days ago it seems like

So the staking rewards drop drastically potentially as the game blows up but then the rev share and token price when unlocked makes up for is the hope ?

[half rain]

ya would imagine as the apy goes down cause of popularity the ILV price will continue to go up 🙂

[wanton nova]

No, when you stake the rewards accumulate until you claim then. Only when you claim them they start to compound and they are locked for 1 year after their claim

[wheat venture]

Well, I’ll just think of it as forcing myself to wait at least a year for potentially higher profits on my tokens with the apy and rev share being a bonus. Not to say it couldn’t spike and drop down while it’s locked but even if it does the same applies as it could go higher

[half rain]

ah ok, so just continues to be a waiting game 😛

[ripe abyss]

How oftern do you get staking rewards?

[manic spindle]

Yield Farm rewards from staking accrue with every block so every 13-15s. How often you actually claim them is up to you 🙂 RevDis will be paid out multiple times per week but not on a fixed schedule.

[cloud quiver]

No matter what I change the gas fee, transaction is still pending. Never happened before. What am i doing wrong

[wild dagger]

how are the gas fees accumulated once u collect your rewards from staking. Are the gas fees affected by how much ILV that you put in the pool?

[deft wadi]

Gas price is very volatile right now. Just have to wait for it to drop for your transaction to get through

[deft wadi]

It just depends on how busy the network is. Amount in your transactions don't matter

[wild dagger]

oh that makes sense, for some reason I thought it was affected by how much u put in the pool lol thanks

[deft wadi]

I use gasnow.org to check

[wild dagger]

yea same, really good website

[cloud quiver]

I amazed how fast it changes. Literally by the second.

[deft wadi]

Yeah it's usually better to do it in the evening after 9pm. PST here

[cloud quiver]

Guess that mean midnight for me. I just never had this problem before. Mos times I would just restart but its been hours of trying and nothing going thorugh

[abstract comet]

hope gas drops to teens like it did last night

[dense relic]

Hey guys, why would someone not be able to confirm an approval on metamask for staking? Got someone in VC asking about it and I honestly don't know how to answer him because I've never had the problem

[elder dawn]

Gas is high right now again. If you can, it tends to be lower on Sunday mornings in the US - say about 17 hours from now.

[signal wraith]

I thought rev dev was what you got back from staking, what is rev dev? Have we been getting it recently or only for the land sale?

[manic spindle]

!revdis RevDis is the share of the 100% revenue paid back to stake holders. This is different from the Yield Farm rewards limited to a three years pay out period 🙂

[woven ibex]

The tokenomics of this DAO include a 100% revenue distribution (could be subject to change - DAO governance). This means that any kind of revenue generated through sales or in-game revenue is distributed back to holders of staked ILV. The same max supply of 10 Million ILV will be used for this purpose regardless of how many games the DAO develops.

Revenue distribution is paid out in the form of unlocked ILV and the payout is done multiple times a week without a fixed schedule. Before paying out revenue distribution, the vault converts ETH spent in-game into ILV by buying it off the market which puts buying pressure on the ILV token and thus supports its price development.

[manic spindle]

!read

[woven ibex]

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

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

[abstract comet]

yeah, I wonder if it's lowest on Saturday or Sunday mornings though.

[elder dawn]

just lower volume on the network. fewest professional transactions, more crypto people sleeping/not working.

[abstract comet]

yes...I know but again is Saturday or Sunday the best

[elder dawn]

i use gasnow.org, they have a calendar at the bottom that shows trends for the past week. Sunday is typically the lowest, though first thing this morning here was pretty good.

[cosmic trellis]

Hey guys would staking more while you have rewards accumulated result in one transaction or two? (One for mandatory claim of rewards and the other to stake your extra ILV?)

[manic spindle]

You are forced to claim your rewards when trying to stake something new. This is done in the same transaction. So don't claim manually and then try to stake. That will force you to claim again even if just a tiny bit accrued in that time 🙂

[cloud quiver]

Anything below 25 is a good gas fee?

[elder dawn]

that's about what i target for. rarely recently you can see something below that, but not much.

[ripe abyss]

Yield Farm rewards from staking accrue with every block so every 13-15s. How often you actually claim them is up to you 🙂 RevDis will be paid out multiple times per week but not on a fixed schedule.
@manic spindle claiming it means you need enough eth to pay the gas fees? Or it will be taken from the rewards?

[elder dawn]

you'll need ETH in your wallet to pay the gas fees

[ripe abyss]

Thanks! Rev Dis are fixed? Or depends on what happens in the game?

[manic spindle]

What Deraji said 🙂 Depositing, Claiming and Withdrawing are all transactions on the Ethereum Network and thus cost Gas fees 🙂

[manic spindle]

!revdis

[woven ibex]

The tokenomics of this DAO include a 100% revenue distribution (could be subject to change - DAO governance). This means that any kind of revenue generated through sales or in-game revenue is distributed back to holders of staked ILV. The same max supply of 10 Million ILV will be used for this purpose regardless of how many games the DAO develops.

Revenue distribution is paid out in the form of unlocked ILV and the payout is done multiple times a week without a fixed schedule. Before paying out revenue distribution, the vault converts ETH spent in-game into ILV by buying it off the market which puts buying pressure on the ILV token and thus supports its price development.

[manic spindle]

Revenue is dependant on how much revenue the game(s) generate 🙂

[ripe abyss]

Thanks

[vague ingot]

why is it so expensive to stake

[manic spindle]

You gotta ask the Ethereum Community about that 🙂

[vague ingot]

i have to pay like 50$ of gas fee, even if the erc20 transfer fee is only 7$ rn...

[manic spindle]

Estimated fees are often a lot higher than they actually will be to ensure that the transactions actually go through. But I cannot give you a guaranteed number on that. I did have fees that were less than half of the initial estimation myself already though.

[austere sail]

Just a quick question for more experienced guys
If you have 1 ILV what will be your choice in terms of staking and reward claiming (ILV / sILV) ?

[cloud quiver]

This is just me but I would claim ILV first

[elder dawn]

theres no use case for sILV for at least another few months. Since it doesn't compound, if you want sILV, just wait and claim once when you can use it.

[ruby wing]

Land buy will be the first potential usecase, maybe even mysterysale or illuvitars (not confirmed and NFA)

[austere sail]

wonder how many sILV you will have to pay for Tier1 land

[elder dawn]

if you want to claim ILV, it will get moved to the ILV pool and compound and start the 12 month vesting period. i made a calculator to estimate the impact of gas fees compared to the relative value of compounding if you're wondering if its worth claiming yet. https://docs.google.com/spreadsheets/d/1gj_tPlLzAdeReC0Ne9BcxKN2OJ6xK1nl-9JJ2YW0WWI/edit?usp=sharing

[ruby wing]

who knows what the market will do

since its a dutch auction

[austere sail]

And considering that 1ETH can be either around 10k by the eoy or 1-2k if we encounter something unhealthy

[ruby wing]

facts

[austere sail]

Anyway thx for your responses guys, appreciate it 🤝

[swift belfry]

Is there an easy brief explanation of what the xyz staking thing is about?

[queen horizon]

10k is inevitable

[manic spindle]

XYZ is a flash pool. Flash pools last 14d and within those 14d they get 2% of the total yield farm rewards paid out during that time frame. Flash pools allow to stake outside tokens but still gain ILV rewards. Flash pools are meant to attract members of other communities and/or rewards future/prior partnerships. Fore more about flash pools, check #870290845612507176 or in the current case #xyz 🙂

[swift belfry]

Thanks for the info. I'll take a look at the other room.

[sage mortar]

Am I supposed to claim rewards before making another stake? If I do not collect rewards prior to staking again do I lose the rewards that I previously had?

[wind walrus]

I believe it will claim automatically

[sage mortar]

And you are correct! Thank you, I was worried. I checked teh vesting tab and the original rewards were there...

[manic spindle]

When staking something more you will be forced to claim rewards as well. Same transaction 🙂 So don't claim manually before and then stake. That wastes gas 🙂

[clear cape]

hahaha crypto price changes by the second bro, not surprising to see gas change 😋

[cloud quiver]

I still can’t get a transaction to go through. Gas fee was like $42 and I made it $50. Is it not enough?

[clear cape]

Does it not allow you to hit the confirm button or can you hit confirm but the transaction is left on pending ?

[sage mortar]

sometimes fate favors the uneducated, now that IM educated, I hope that I can remember!

[warm flare]

!contracts

!contract

[woven ibex]

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

[cloud quiver]

Legit think my MM is broken. I've cancelled transactions, reset, disconnected. Set fees well above 10% current gas fee, waiting 1-2 hours when paying $65 when gas is about 30 rn. Nothing

[dense relic]

did you try resetting it? And doing the thing where you send yourself a 0 transaction. If you have something pending it can mess stuff up.

[cloud quiver]

Resetting it in settings? Did that. No transactions pending. Completely clear. Tried that many times. Pending transactions are clear every time I try to withdraw or start a new transaction. I will try the 0 transaction next.

[exotic igloo]

Check you address on etherscan

Is there pending transactions?

[clear cape]

Send MM support an email

[exotic igloo]

Not needed

He probably have a pending transaction

He needs to nounce it

[dense relic]

Yeah I almost guarantee it myself because to my knowledge it's basically the only thing that can cause that. I just don't know how to fix it myself because I'm sort of new to it. Spoke to someone earlier who had the same issue, can't approve. Tried to tell him what to do but he swears theres no pending.

[exotic igloo]

I know how to fix it he just needs to tell me if he sees a pending transaction on his etherscan

[cloud quiver]

Gonna check ether scan next. I’m using Brave and it wasn’t opening the etherscan website when I clicked it. Need to do that next

[formal moat]

Hey guys is it even worth to do flexible staking ?

[ruby wing]

Yes if you can afford the gas fee

And have a decent size bag

[formal moat]

but you get more when you lock them right ?

[ornate cypress]

Have you tried speeding it up, that worked for me

[ruby wing]

Yes

Check pinned messages and tutorials

[dawn lily]

I ran my numbers through your spreadsheet and also came up with 2 weeks as the right amount of time to claim and stake. I had a few questions about it as well. Thank you for working on this, it was exactly the type of things I was planning to make.

[elder dawn]

Awesome, glad it was helpful!

[dawn lily]

It doesn't look like you calculated RevDis into ROI, is that correct?

[ancient ginkgo]

xyz might increase in value which is good, I staked early so I've already gained more eth

[dawn lily]

Also, it got me wondering if there was a sweet spot between 1 and 3 weeks that was ideal, since your chart only estimates 1 week, 2 weeks, 4 weeks, and 12 weeks.

[junior cargo]

I am staking in both the ILV and SUSHI LP pools. I just want to claim my SUSHI LP rewards as ILV. When I click ‘CLAIM ILV’ next to the SUSHI LP pool it seems to give me the option to only claim both. I want to avoid claiming for both pools. Is this a bug or am I doing something incorrectly?

[elder dawn]

I didn't add rev dis into ROI yet. To me, there's not enough data around revenue to make this meaningfully accurate. We do have a good estimate on yield farming rewards, so I stuck to just evaluating that for now. As for timing between my calculated points, there's not too much difference in the value of compounding, but the more frequently you claim, the more gas plays a role in reducing your return. Frankly, I was just lazy and didn't make that an editable input yet to choose a custom timing of rewards claiming. My gut is to try to look for low gas prices around when I should claim, and just go with that.

[ancient ginkgo]

IF we compound into ILV does the 1 year lock starts fro m the moment we claim it?

[exotic igloo]

Yes

[topaz lantern]

Can someone explain what the difference is between the ilv and sushi lp pool? Why is the apy so much higher with sushi?

[ancient ginkgo]

sushi is yield farming

[elfin aspen]

Sushi is more risk because it’s 50% ETH and subject to price fluctuation

[ancient ginkgo]

impermanent loss

[topaz lantern]

How would the price fluctuation work? Say if ilv goes up and eth doesn't?

[ancient ginkgo]

The bag balances itself out

[topaz lantern]

Ahh, is it worth it?

[ancient ginkgo]

depends on each coin growth :https://www.reddit.com/r/CryptoCurrency/comments/p4u3h1/yield_farming_and_impermanent_loss_explained/

[iron pebble]

One (probably dumb) question, the 12 month lockup on rewards is from the first one you get, or for each reward? Say I earn 1 ILV (to keep it simple) on January 15th 2022, that would unlock on January 15th 2023, right?
Ok, then say I also get some rewards on January 17th 2022, would that unlock on the 17th of 2023 or how does that work? Probably stupid question, I know.

[halcyon oracle]

Rewards of january 17th 2022 are locked till 17th 2023

[iron pebble]

Great, thanks mr Captain KEKW

[real nebula]

what happens if i accept one of the gas fees to claim, but reject the other (I am in both pools)?

[dawn lily]

I think you're right on. It seemed the biggest impact on ROI was how much you paid for gas.

[rancid plover]

@real nebula I believe that if one is denied, then both are canceled out.

[spiral summit]

should i get in now or wait to see if price goes lower

[iron pebble]

Gas fees are pretty low rn

[topaz lantern]

Guys can someone give some advice as to how long I should stake my ilv for and which pool I should use?

[unique bear]

Is there a way you can see the breakdown of rewards being paid by the various pools at any given time? Just wondering if I'll be able to see how much the XYZ pool is contributing to overall rewards if I already have SLP

[spiral summit]

im considering staking 1 eth and locking it for a year since the game drops in december and it will give it time to settle

[topaz lantern]

@spiral summit Which pool?

[spiral summit]

core pool sushi lp is what im leaning towards

[topaz lantern]

so half and half right? Is that how it goes?

[spiral summit]

from my understanding yes. risk is higher but lots of pros to it, if it does go well

[elfin aspen]

I’ve decided I will just claim every 3 months that way it unlocks in a similar way next year

[iron pebble]

For someone with low amounts of ETH/ILV, is it still worth more to stake on SLP?

[ancient ginkgo]

depends on your strategy, may factors at play here

How low are you on eth?SLP requires more transactions so more fees

[spiral summit]

i just converged my eth in lv, but i cant find it?

[ancient ginkgo]

Did the swap conclude?

[elder dawn]

how low are you talking if you don't mind me asking? you can play with my calculator here to see if it makes sense compared to your return in the ILV alone. The lower you go, the higher the impact of gas fees. definitely don't claim often, if ever, as the claim fees are higher for the SLP.
I believe current SLP tokens are around $2700 each, which you'll need in the calculator to estimate the number of SLP tokens you'll get. https://docs.google.com/spreadsheets/d/1gj_tPlLzAdeReC0Ne9BcxKN2OJ6xK1nl-9JJ2YW0WWI/edit?usp=sharing

[elfin aspen]

You need to add the address to your wallet to see it

[iron pebble]

Oh that's great. Right now I have like 1.1 ILV and some ETH (less than $300), so I definitely wouldn't be able to get one single SLP haha. So not worth from what youre saying?

[spiral summit]

yea its showing in my wallet but not in my ilv when i try to stake it

[clear cape]

For smaller investors yes, if you have bigger bags then collecting rewards as they compound more frequently compared to a smaller investor will likely be more profitable.

[topaz lantern]

@spiral summit You need to add it to liquidity first

[real nebula]

actually, I just tested it, and if you accept one and reject the other, the accepted one still processes just fine. at least if you only accept the first one. not sure if the second will pop up if you don't accept the first.

[elder dawn]

Honesty, you'll spend probably $100+ ETH in gas, and then only have about $200 ETH left to do the pair. Fees will be more than 25% of your investment, and that's before claiming. Plus, given you already have more ILV than ETH, that makes the pool more awkward unless you can get more ETH. Not financial advice, but it does not seem worth it to me.

[iron pebble]

Yeah, thought so. I'll probably get more ETH (like $400) in the next month, but I'm not sure if I should wait that much.
Just to be sure, since I have a small amount, if I were to save enough, putting all into SLP would mean having it locked for as long as possible and claiming rewards every few months as to not pay a lot on gas, right?
Same with staking directly ILV but with a much smaller reward, correct?
Thanks for your opinion

[elder dawn]

yep, happy to help. honestly, when you do stake, do some math on when you should claim. the only two reasons to claim are to start your 1-year timer on having rewards available (unless claiming as sILV) and earning compounding interest. given the stake size, gas will eat up a lot of your compounding.

[iron pebble]

The compounding interest would be re-staking what I claimed, right? That's the last question I'll ask for today haha

[halcyon oracle]

I saw someone saying here something like : ~100/1000$ -> ILV pool / ~1000/more -> SLP pool like a sort of scale, dont know if it is appropriate or not

[spiral summit]

do you recommend i stake lv only instead of both since i dont have much eth? @elder dawn

[elder dawn]

your stake stays staked until you withdraw it, even if it's longer than your lock up period. when you claim, your rewards are added to the ILV pool and start a 1 year timer until they are available to withdraw, and they earn rewards at the 2x weight as well. nothing happens to your original stake, and it just keeps earning at the same weight and the current APY. not sure if that answers your question.

[clear cape]

Did you ever determine what is a reasonable claim of ILV to make the compounding worth it in relation to gas fees? what was the general consensus around here, at least 1 ILV?

[cloud quiver]

Totally agree now that I'm finally in SLP. it's almost comical refreshing staking rewards when in SLP. I totally regret locking half my ILV for 6 months in ILV pool. I'll continue to DCA as long as its under 1k and then restake in SLP every month or so

[clear cape]

lol SLP is on roids bro,cant blame u for regretting it

[iron pebble]

Oooh I see, that does answer my question! Thank you very much

I'll probably just save ETH and do SLP then haha

[elder dawn]

you'll need an equal dollar amount of ETH and ILV to do the pool, so if you're limited on ETH, that's probably not a good call for you to do the SLP. The <$1000 do ILV pool, >$1000 do SLP is a rough estimate, but even then, think how much you'll spend in gas as a lot of your investment will be fees. Its tough to say and everyone's situation is different. i just look at the returns and how much is wasted in gas.

[rancid plover]

@real nebula good to know.Thank you!

[halcyon oracle]

For the first deposit in SLP pool, no matter the amount, taking in consideration buying ETH, ILV, and then stakcing, the gas fee for this first operation is around 100$ ?

[spiral summit]

so ILV stake only would be a better choice if i cant get an equal amount of eth, right?

[elder dawn]

Reasonable is relative, and it's what percent of your gain is spent on gas. For me, I don't claim until i'm above 7 or even closer to 10. I'm probably a little more conservative. At a claim of 1 ILV reward, gas will probably eliminate about 10% of your gain from compounding. At 5 ILV, the loss is down to 2%.

[elder dawn]

you need more ETH - you need an equivalent amount to your ILV. You then need additional ETH to pay for the gas fees of each transaction

[elder dawn]

yep. it will be close to $100 with the sushi transactions plus the illuvium transactions from my experience. Maybe a little under at low gas prices

[rancid plover]

@elder dawn I used a 1/3 ratio. 1/3 went to ILV, 1/3 went to ETH = SLP, 1/3 went to ETH fees.😁

[prisma schooner]

The gas fee's make this so unattractive operating in dollar values under $5000. I hope Eth solves gas fees or we use a better blockchain XD

[clear cape]

lol i put in 5k each across 3 different days cuz i was on the fence of how much i should put in, all those fees wasted for no reason

the more i learn about the project. the more i want to put in more lol

[elder dawn]

That's definitely a way to do it. With the rates we're seeing, probably worth it. It just kills my soul to pay such a high percentage of fees. 😀

[halcyon oracle]

@elder dawnthanks

[prisma schooner]

If we didnt want to wait 1 year for rewards.. Could we choose sILV buy in game NFT's then flip them?

[clear cape]

yes

[elder dawn]

I'm in the same camp - I was skeptical and just got in the ILV pool for short term, then moved to the SLP for a year, and now trying to get more together for another year buy into the SLP. I'd do it differently if I started over a month ago.

[rancid plover]

@elder dawn agreed, but if you watch Chico Crypto, he had an episode on ETH gas prices the other day. And from what he said, gas should go down around the end of this year. Which is right around when the game is set to launch publically.

[clear cape]

The APY is just fucking insane the more i think about it, im a pretty good trader but these returns are really tempting me locking up a lot more of my portfolio lol (which is a nightmare for me because i wouldnt be used to having such less liquid funds to fuck around with)

[elder dawn]

Hopefully he's right, as I'm big on ETH as well. That doesn't help us for the next few months though, and the way rewards decrease over time, I want to maximize how much is staked now. At the end of the year, staking rewards will be down 35% from the beginning. Low gas prices will help others drive up our ILV price when they buy in. Now's the time for the max staking rewards 😋

[halcyon oracle]

1 SLP is worth how much atm ?

[rancid plover]

@elder dawn Agreed!👍

[clear cape]

2627 usd

[halcyon oracle]

ok thanks

[prisma schooner]

Ok so im considering taking 2.5k in ILV and 2.5k in eth and putting into Sushi LP.

With an APY of 653% I should earn 6.53 times the ILV I provide liquidity with?

[halcyon oracle]

can you give me a link to see the evolution of SLP price please ?

[prisma schooner]

or is it 6.53 times the value of eth and ILV?

[elder dawn]

the rate changes over time - your earn rate will initially be 653%, but that will change with the price of ILV, the number of people in the pool, and the rewards decrease by 3% every two weeks.

[prisma schooner]

Oh that % does not lock in once staked?

[rancid plover]

@prisma schooner Dude! Are asking hackers to target your wallet? Let's say those are hypothetically numbers.😁

[iron pebble]

I mean, as long as he doesn't hand up seed info or download shady stuff someone sends him, there is no way they can do much with that info.

[clear cape]

lol if it was locked in i would throw all my portfolio into it

[elder dawn]

no. its variable. here's my calculator to estimate what your value would be in a year and if you stay staked through the entire yield farm 3 years. there's a lot of assumptions of how many people join the pool, but it will give you a sense of what's more realistic. https://docs.google.com/spreadsheets/d/1gj_tPlLzAdeReC0Ne9BcxKN2OJ6xK1nl-9JJ2YW0WWI/edit?usp=sharing

My estimate is staking 1.89 SLP today (about $5k worth) should give you about 68 ILV in a year, claiming rewards every two weeks

[rancid plover]

@iron pebble True, but you can never be to safe.

[prisma schooner]

is SLP refering to an eth ilv pair?

[elder dawn]

yes. that also includes your initial stake.

[clear cape]

this is taking into account the variable apy going down, correct?

[elder dawn]

i include the 3% fortnightly decrease, and adds a further increase in population of the pool of about 2% every two weeks

[rancid plover]

@elder dawn That almost $34,000( at current price ) in a year. Not bad in my opinion.

[prisma schooner]

So how does ILV price going up affect an SLP?

[clear cape]

nice. love your contribution here btw, very smart guy no homo

[elder dawn]

no, i would definitely take that. disclaimer - i just like doing math for entertainment, which should be how my estimates are used, not for financial advice 😋

[prisma schooner]

negatively?

[clear cape]

not really, the Impermanent loss you might get from it will be diminished through the rewards u get (most likely)

[prisma schooner]

Like lets say in 1 year eth is valued at 6k and ILV is 1k

[rancid plover]

@elder dawn 😁 No financial advice here.

[clear cape]

that would pretty much do nothing since they both went up at the same rate. so barely no negative impact

[signal wraith]

I have half staked SLP and half staked ILV so I hope ILV goes to 5k haha

[prisma schooner]

I guess a better questions is how is tghe value of an SLP derived?

[wheat venture]

if we get tons of rev share that i claim as ilv and the price shoots up later thats cool to.

[clear cape]

What has the population of the pool been increasing at based off history, 2%?

[elder dawn]

Me picking a number out of thin air so far. It "feels" true, that it has been increasing, but no data on that yet. i just wanted to get something to help me estimate value over time, and that's as good as i can do so far.

[clear cape]

very specific q's but i feel like you know deeply enough to be able to answer that haha. yeah just saw ur resp, still seems like. solid educated guess

[elder dawn]

I don't honestly know - it shifts with the value of the underlying assets, and gains a little from the transaction fees. Why it is what it is, i have no idea. SLP represents just a portion of the pool, so like a token price, the exact number doesn't matter much. I'm in some pools where the SLP token price is in the $100million, and then another pool where it's $155 per SLP. I haven't found a source to explain how SLP price is originally set.

[halcyon oracle]

Where can I find a chart to follow the evolution of SLP please ?

[elder dawn]

I don't have a source for the SLP price evolution, but here's the analytics on the sushi pool pair. lots of good info here to see how swaps are moving, and volume of staking transactions are moving. https://analytics.sushi.com/pairs/0x6a091a3406e0073c3cd6340122143009adac0eda

[halcyon oracle]

Thanks, i'm a newbi, this will be my first experience

[clear cape]

Deraji whats your outlook for ILV, just as a fun speculation Q. 3x by EOY, 5x?

[elder dawn]

https://tenor.com/view/rocket-lift-off-gif-10300477

[halcyon oracle]

Sorry to bother again Deraji, this will be the last (i hope x) ) for tonight, where can i find the value of SLP in real time there ? You gave me 2627$ before

[clear cape]

that was me, i think theres a contact address somewhere out there. but i just divided the amount the website told me i had in usd and divided it by my slp number

[elder dawn]

i really don't know. its fun to be a part of it this early. i think the game play trailer will be a key moment, then the land sale and first opportunity for rev dis. long term, ILV will likely move with rev dis setting value. Its a really unique project, so it's tough to say. Given I think ETH will 3x in a year, and ILV will be above that, it puts us in the $2000 territory. Also depends on Seed unlock action and if there's sell pressure there. Complex enough an answer? 😋

[halcyon oracle]

ooh okay thanks

[elder dawn]

I'd love someone else to share if they have a good way to get it. I literally just take my dashboard and divide the value of my SLP by my number of staked SLP. For other liquidity pools, zapper.fi works well, but it doesn't get the Illuvium pool.

[halcyon oracle]

Yeah i understood with what RT7 told, as I have not yet bought ETH/ILV i couldnt know this value for your excel sheet

[elder dawn]

good feedback - i need to figure out a way to automate that

[analog hamlet]

Is the dollar value on the illuvium website dashboard not good?

[halcyon oracle]

I will buy it between tomorrow and tuesday (depending if my banker block the operation thinking suspicious lever or not since it's the fisrt time I will delve in crypto)

[elder dawn]

its correct - the question was around the price of the SLP token specifically, which doesn't show automatically

[clear cape]

we are talking about SLP token price not ILV

[clear cape]

I discussed this the other day in terms of the sell pressure, lemme find out what i wrote

[elder dawn]

good luck! stupid trad fi trying to protect you from yourself.

[clear cape]

that was my take on it

[halcyon oracle]

@elder dawn Didnt understand the second part of your message

[clear cape]

think he is saying stupid traditional finance, protecting you from your own choices from ur own money

[halcyon oracle]

aaaaah ! make sense xD, didnt get the " trad fi" part

[jade marlin]

hi there
just want to make sure I'm understanding this correctly... if I wanted to stake ILV and take it out as ILV, the soonest would be 12 months coz of vesting? is that right?

[clear cape]

I think we will hit 1 billion MC by EOY or early 2022 if crypto as a whole isnt taking a nose dive, so 3x.

Also taking into account axie infinity's rise and i have a strong belief there will be a market sentiment shift into nft gaming and blockchain gaming in general, kind of like had we had a massive defi burst earlier this year

[elder dawn]

this is more a token price conversation than staking, but the way I see it, starting in March 2022, about 280,000 tokens will unlock per month for the next year. The staking rewards will start vesting in July 2022. Hopefully the revenue is rolling in, so the purchase there offsets any selling. Locking for a year avoids any concern about this, as there's nothing i can do about it. 😋

[clear cape]

yeah sorry, i sometimes get caught up with talking bout wrong things in channels hahaha, since topics are so heavily linked oops

[elder dawn]

you can stake flexible and you can withdraw your original amount at any point. Any rewards claimed as ILV will be locked for a year. If you claim sILV, they are available to spend in game immediately after claiming.

[austere sail]

Great time to stake rn

[lusty sequoia]

can someone explain like staking pls

[elder dawn]

check out the pinned messages here. that should answer a lot of your question

[jade marlin]

oh ok, now I get it, I thought vesting was for all of it, not just the pool rewards
thanks

[pliant whale]

Hi team, quick question, Is there any way to check the earning % (Est APY) of previously Staked and locked ILV/ETH SLP. I have spread my locked SLP over various time lengths, so wondering (if not written down when staked) if there is a way to check this at a later date? I am good now - I can see the Weight, from here I can calculate Est APY based on current weight of 2 Est APY. This max is slowly decreasing though I read somewhere here.

[austere sail]

Sorry for asking that again but just to make it clear and to avoid waisting your time

If you have like 1-2ILV - would you rather choose flexible staking or lock it for some period of time. If lock then for how long? Is it reasonable to lock it for 12 months considering gas fees that probably wont be even covered by rewards from such small amount of ILV

[austere sail]

https://www.illuvium.io/staking-faq#pool-weight

[junior cargo]

I am staking in both the ILV and SUSHI LP pools. I just want to claim my SUSHI LP rewards as ILV. When I click ‘CLAIM ILV’ next to the SUSHI LP pool it seems to give me the option to only claim both. I want to avoid claiming for both pools. Is this a bug or am I doing something incorrectly?

[brisk surge]

In my opinion staking is definitely worth it over just holding the coins in your wallet. If you believe in the project long term you’ll get your stake back eventually in theory, plus ILV/sILV rewards and revdis once the game is released

[clear cape]

1/2 ilv staking will pay your gas fees back.

[elder dawn]

the way they have it set up when you claim the Sushi LP, you automatically claim both reward pools. The devs say that is the lower gas fee way to do it. no way to turn that off.

[junior cargo]

Thanks, do you know if it is a single transaction? Because if not and I have minimal ILV pool rewards it seems the gas will eat it up.

[elder dawn]

I believe it will technically be multiple transactions, but they say its the more efficient way to do it. A quick scan - the last time I claimed from the SLP was about $40 in gas total

[warm flare]

I'm not clear on the point of the flash pools. You stake a different coin and receive similar rates to what what ILV earns in the regular pools?
So an ok deal if you already own the flash pools token?

[unique bear]

When you're looking at the ILV rewards from different pools (ILV, SLP, XYZ etc.) can you see the different breakdowns of the reward components from each? Or does it just hide it all as one value?

[warm flare]

I know for the main 2 core you see different rates...I'm not sure for flash. I'm unclear on the point of flash.

[elder dawn]

That's my take on it - it's more cross promotion and drawing interest in the ILV. To me, given the limited period of time and high gas fees, unless you have a huge bag of the other token, you're going to pay gas to stake, gas to claim, and basically just swap gas for ILV. I'd rather just buy ILV.

[warm flare]

That was my feeling...if I already had a bunch of XYZ but I dont...and dont want to do the dyor to buy any

[austere sail]

I saw plenty of people claiming their ILV rewards, so they had to be on flexible one and ofc sitting with a bigger bags
So the question is whether the flexible staking even makes sense with 1 ILV compared to the the 12 months lock?
Or is it better to stake for 4-5 months to be able to claim sILV rewards by the time of the potential release

[elder dawn]

yeah, i'm not buying a bunch of XYZ just to get more ILV. I'll just get ILV.

[jagged locust]

How often does the total pending rewards update?

[elder dawn]

i believe every block or so - a couple times a minute. basically, often.

[unborn blade]

damn

I wish I just staked on ILV/ETH...
The rewards have been very nice in comparison.
I really like seeing how well it's performing 🙌

[jagged locust]

I should be seeing some amount by now, I would think. Granted it's only been about 15 minutes

[elder dawn]

it depends on how much you have staked. they only show a couple decimals in the dashboard.

[wanton nova]

Dashboard only starts at 0.01 I think

But the reward section shows more decimals as far as I know

[jagged locust]

Dashboard only shows two places of precision. Not sure about rewards, it doesn't show any decimal places

[wanton nova]

And under vesting? Does it show your staked ilv token?

[jagged locust]

It does

I am only staking XYZ at the moment, for what it's worth

[wanton nova]

Ahhh OK they only start in a few hours

Have a look at the announcement. The starting block is mentioned there

[jagged locust]

Ahhh now I understand. The pool lasts 2 weeks

[jagged locust]

Yep, I see it. Thanks, it all makes sense now 🙂

[wanton nova]

You're welcome

[elder gust]

after 12 months is up do i have to restake to recieve the same rewards

[glad path]

Would you guys recommend buying a few xyz to stake in the flash pool?

[vague thistle]

If I stake 10 ILV at say 100% and it stays the same the entire 52 weeks (I know it won't, just an example) and I claim every month...since that claim is staked,, that ends up compounding so that I end up with more than 20ILV right?

[wanton nova]

Pretty sure that the rewards stay staked with the same token weight

[wanton nova]

Pretty sure about this.

[cloud quiver]

Just to clarify, claimed rewards from SLP (or ILV for that matter) are auto staked at weight of 2? So essentially if you have ILV staked in either pools locked for 52 @ a weight of 2, its pretty much like re-staking them in SLP?

[abstract comet]

wow the gas ❤️

[abstract comet]

yes, it's autostaked at weight 2 locked up for 1 year. Not sure what you mean by re-staking them in SLP; it's staked in the ILV only pool

[drowsy cobalt]

Which better. Stake ilv or sushi LP?

[ruby wing]

up to u and depends on how much ILV you have

gas is much more on LP

[drowsy cobalt]

I’m new to this. Can i stake with just 200 dollar?

[cloud quiver]

Earning at ILV apy?

[elder dawn]

You can stake with $200, just know that ETH gas will consume a large portion (estimated $40+) of that with your swap fee getting ILV, then your staking transaction fee.

[lilac coyote]

If you like the XYZ project it makes sense to

[elder dawn]

Yes, all claimed rewards are moved to the ILV pool at 2x weight, earning the current ILV pool APY, regardless of if they came from the SLP or ILV.

[drowsy cobalt]

Thanks bro. So how about the earning if i lock it a year? Is 2x weight = 2x profit?

[ruby wing]

2X APY which is dynamic, not guaranteed profit

APY can fluctuate

[lean walrus]

Is anyone thinking the impermanent losses will outweigh the interest?

[ancient ginkgo]

Look at that xyz surge

[neon wind]

How long will the staking reward for XYZ last?

[drowsy cobalt]

So many of u guys have staked right? Should i go with it? Is the reward worth it?

[ancient ginkgo]

2 weeks

[neon wind]

Will it last two weeks?

[ruby wing]

Up to you mate cant make those decisions for you

[ancient ginkgo]

you can check bloc begining and ending

[lean walrus]

It sounds like if you’re looking to invest larger amounts like 5k It’s more beneficial to stake In the LP, but I’m unfamiliar with how much we could lose with impermanent loss

[ruby wing]

IL at this point wont be too bad IMO in terms of %

but do ur own research

if we go to 10K per token I will eat my words

[elder dawn]

Locking for a year gives you the max APY, or what you currently see listed. Right now, it's about 84% if you lock for a year, half of that (42%) if you stake flexible. what Wadewatts77 said - APY will change over time, so don't count on just multiplying your investment by 84%. Every two weeks the number of reward ILV decreases by 3%, so the APY depends on the price of ILV, the number of reward ILV in that fortnight period, and the number of people/tokens in the pool.

[ancient ginkgo]

If xyz can keep it up for the duration of the pool it won't even matter if apy drops

[lean walrus]

True but if this thing runs 5x then it would be bad right?

[elder dawn]

If the biggest problem in my life is that my ILV only buys me one lambo instead of two, I think I'll live.

[ruby wing]

https://tenor.com/view/vince-staples-fax-it-do-be-facts-tho-its-the-truth-gif-16329641

[drowsy cobalt]

It means we buy ilv and we stake it. So we get rewards and if the coin price go up we also gain profit right

I’m looking to just buy ilv at first but if i staked it, i get rewards from staking

[zealous terrace]

Hey guys, so if I staked my $ILV for 8 weeks locked, can I withdraw my principle amount after the 8 weeks?

[elder dawn]

rewards are paid in ILV or sILV. the value is directly tied to the ILV price.

[ancient ginkgo]

I hope the game loop is fun enough, I got a pokemon itch to scratch

[elder dawn]

yes

[ruby wing]

oh it will be fun

[drowsy cobalt]

Do u guys know about the game? When beta come out, can i play it on iphone or i have to buy pc?

[ruby wing]

!mobile

[woven ibex]

The game will be released on PC first. Mobile is planned for 2022.

[ruby wing]

#❓〕faq

[ancient ginkgo]

closed beta october, open in december

[drowsy cobalt]

How about spec? 😅

[ruby wing]

Not confirmed

keep an eye on the discord

more info coming

[ancient ginkgo]

I don't think it has been released yet, maybe at time of beta

[lavish pollen]

Been reading about apy and weight on Internet, but still don't get it

If I stake 10 ILV for 52 weeks with 86% apy and 2 weight, meaning at the end of the term, I will get 18.6 ILV? What's the weight for?

[zealous terrace]

Hey guys, so if you do locked staking for 8 weeks, can you leave your principle in there after the 8 weeks to continue staking at the same weight ?

Or do you have to withdraw after 8 weeks, or will leaving your principle in there just earn nothing?

[ruby wing]

Check #836632359565656065 i just answered

[zealous terrace]

Thanks!

[elder dawn]

You're combining a couple things here. First, the APY isn't fixed in the pools, it's a snapshot, and being honest, it's likely to go down over time. The price of ILV pushes it up, but as more people enter the pool and time goes on, rewards will decrease. Check out the tokenomics and staking guides pinned to see how rewards decrease every 2 weeks by 3% for three years. Secondly, your weight is already included in the 86% - if you stake flexible, your APY is ~42% today. More realistically, you should expect between 3-5 ILV earned in a year, in addition to the 10 that you staked.

[celest island]

anyone else stuck in the approving staking screen then never approve for the ILV token?

[quick basin]

that happened to me but i left it running for maybe 10mins and eventually went through

[brisk surge]

Hello, so I have successfully stacked ILV and XYZ but for some reason It won't allow me to stack Sushi, what can be done about that?

[strong elk]

how to calculate the fees ?

[brisk surge]

Question:

I have some ILV locked in staking in the ILV pool for X amount of time.

If I wish to stake more ILV, will it automatically be staked and unlock when X time period ends?

Or will I be required to set a new time frame for this addition to my existing stake?

@exotic igloo

[clear cape]

lol rip all of SLP'ers

[prisma schooner]

How do I "provide liquidity" on sushi? I have eth in wallet

[dark bear]

At the end of the day, they will earn more ILV then they could possibly lose.

[clear cape]

Depends, even with a ILV of 10k a token ? Potentially, would have to do the math on that

[dark bear]

I'll quickly explain my situation here. I stake in the SLP and I deposited 1 ILV and the equal amount of ETH. Even if I lose all of the ILV I placed in the pool from impermanent loss. I still profit no matter what the price of ILV is since I have earned more than 1 ILV since I started staking.

[exotic igloo]

Its a different stake.

[exotic igloo]

Check the pinned video tutorial

[rain needle]

I just staked a bunch of XYZ in the flash staking pool. Is there a way to see my staked balance, as I currently I cannot see any evidence of what I've staked except on Etherscan?

[dark bear]

Can't lose more than you put in 🤔

[brisk surge]

Damn!

So a seperate set of rewards also I imagine?

That's rough for gas.

[clear cape]

I dont think you understand how IL works lol...

[exotic igloo]

All rewards pool at the same place.

But everytime you claim, thats a batch. When you will want to withdaw tokens, you will pay gas for every batch you claimed.

[clear cape]

hahaha i paid like extra 300-400 of gas for no reason

[dark bear]

Do correct me if I am mistaken. As ILV price goes up and ETH stays static. The amount of ILV I placed (1 ILV) the highest amount of ILV I could lose is the 1 ILV. What it looks like for me now is I have 0.9 Ilv and 0.118 eth (something like that.)

[clear cape]

because of all these stupid little buys because i wanted to put more into the project every few hours

[dark bear]

Even if ILV Skyrockets and eth stays still. I would lose at most 1 ILV. am I correct?

[clear cape]

you forgot the part where if you had pure ILV from the start without ever converting into ETH

[rain needle]

NVM, found it under Vesting.

[clear cape]

yes it is more likely we wont lose out, but saying it isnt a possibility is not true.

[dark bear]

This I'm not understanding what you mean, can you clarify more?

[clear cape]

If you didnt ever convert your ILV into ETH for the liquidity swap, you would have made more money if you just simply held ILV instead of turning half of into ETH. this is a possibility depending on the price action

the difference between simply holding ILV and if you were to use it for LP is the impermanent loss

Impermanent loss does not take into account the rewards though, so overall, yes it is quite insignificant in our context unless something bizarre happens. either way, you would end up good regardless

[dark bear]

Yes, that's what I was trying to point out ^ I understand the holding vs staking

[clear cape]

I get the idea of what you were trying to say, as in the staking rewards makes the risk negligible. i think u just had to slightly understand a bit more of how it works but i think you do now :))

[strong elk]

Sorry if i'm being more dumb that the average but in the first core pool, whats the diference between them ? the sushi and the ILV only

[dark bear]

I get what your trying to say now! Thank you

That's my opinion ^ as of right now the rewards that I have gotten so far greatly outweighs the IL

[clear cape]

Yup datara the fact of the matter is SLP pool is a no brainer. its good though lol, its better for us when less people are in the SLP pool lol for higher APY for longer

[brisk surge]

You have to claim for the process of auto-compounding to begin though don't you?

[clear cape]

literally getting about 1k usd a day by doing nothing...its kinda fucked

[prisma schooner]

So do I go buy about half eth and about half ilv then use the liquidity tab on sushi?

[dark bear]

Damn I'm getting only $20 a day and I'm loving it

[clear cape]

lol even 20 is so much for the average person, enjoy it while it lasts 😄

[dark bear]

Mind dming me how much you need in order to get $1k a day in rewards? Unless you don't care about public knowing it

[clear cape]

About 36k USD

[dark bear]

That 1k/day is gonna be crazy if you hold it

Damnn that's a nice stack 😩 living the dream

[clear cape]

I started with about 10k usd start of the year and traded myself up to a big portfolio, crypto can change lives

[dark bear]

Honestly can if you know what to do with it, the right trades at the right times

[clear cape]

But please dont feel bad about whatever sum you have or anyone else reading, having 0.01 ILV is better than none at all and we are all going to be much better in the future than we are right now. and thats what matters 🙂

[prisma schooner]

Can anyone help me get sorted out for getting some sLP?

[dark bear]

^ I feel like a king with only like 5 ilv, any amount is great!

[brisk surge]

Hello, a question, so I have successfully stacked ILV and XYZ but for some reason It won't allow me to stack Sushi, what can be done about that?

Basically I swap some on meta mask, but I can't see them in the ILV website, tips?

[prisma schooner]

I currently have eth in meta mask and am on sushi. do I need to do some math and spend half my eth of ILV and leave the other half eth then go to liquidity tab>

[clear cape]

yes

[fallen kettle]

Hey, is anyone going to stake xyz for Flashpool, then turn that xyz intoILV and stake it?

[prisma schooner]

Ty @clear cape

[clear cape]

then after that is finished go into illuvium website and put the slp into the sushi staking pool

[brisk surge]

It won't show there any amount

[prisma schooner]

I have to leave some for gas right>?

Ty you guys rock

[clear cape]

Now tell me something i dont know 😉

[prisma schooner]

I have caught a shark on a kayak

[fallen kettle]

How have I not heard of slp? How does slp fit into the game? I know of XYZ ILV, SILV, ETH lol

[clear cape]

its for the sushi liquidity pool

[true spire]

@clear cape I send you a dm

[exotic igloo]

You have to claim the pending rewards for them to be staked in the ILV pool for 12 months yes.

[prisma schooner]

Ok so if I understand this: You can stake SLP tokens that are obtained by using sushi to get a token called SLP by giving both eth and ILV in equal amounts.
You can earn 600%+ APY on these SLP tokens that APY will go down slowly over time.

The rewards can be claimed any time then vest for 12 months.

Take rewards and re invest or sell for profit?

[proud moth]

I have a question. I claimed ILV twice, once on Aug 1st, 2021 and once on Aug 15th, 2021. Then time goes by a year later like Aug 20th, 2022. Do I withdraw those completed rewards in 1 single transaction?

[steel patio]

Something to think about when timing the claiming of rewards.

Claiming from SLP, you need to claim both pools at once. (Fees)

Those rewards are then restaked & locked for 12months separately.
There will then be more fees again in 12 months.
So you are paying half the fee today & the other half in 12 months.

[fallen kettle]

Has the flash staking pool already started? I thought it wasn't for another 20 hours or so

[steel patio]

I am operating on the assumption, that you would need to interact with each stake separately.
Just something to take into account.

[unique bear]

Is anyone willing to speculate the price of XYZ as people start to swap for it and stake? Do you think this project will Influence it much? It's bloody making some serious gains atm. Wondering if it will go down just as quick as everyone dumps at the end of the 2 weeks flash stake

[strong elk]

can you stake any amount ? or the feeds will eat us alive ?

fees

[prisma schooner]

It seems like the fees incentivize people to do less transactions with larger amounts.

[proud moth]

Thanks. So the more transactions we made in claiming, the more transactions we have to make to withdraw them. 😱

[prisma schooner]

Just wait for Ethereums optimism... optimistically

[fallen kettle]

Aren't eth fees meant to go down with eip? Or is it later on?

[waxen edge]

I believe the XYZ pump is from the article earlier this week about a new fund was formed to invest in NFTs and NFT protocols, naming Universe as one of its targeted investments. Universe was undervalued and overlooked for months. ILV staking will help, but I'm guessing that's just a small bonus to the price action.

[upper swan]

Fees don't go down but they stabilize around a median

[unique bear]

@waxen edge ahhhhh got ya! Just coincidental timing.

[brisk surge]

Hey.

What risks are involve in staking?

[austere sail]

Guys would you rather lock 1 ILV for 1 year or just go flexible?
Or lock for 4 months until the release

[brisk surge]

Okay so what's the benefits I'll get in game in future once it releases if i stake?

[brisk surge]

My friend did flexible

Okay so how much will I get if i stake lile 2 illuvium tokens, by end of 4 months or 12?

Any guesse?

[glass mason]

If I don’t claim my rewards do to the high gas fees will my staking rewards still compound

[brisk surge]

In which one did you stake and why?

Then dm me 🤣

[unique bear]

One of the big questions I would like to know is where does the Rewards ILV come from prior to the Game's rev distributon?
Say I'm in the SLP and get to a point where my ILV rewards end up more than my initial investment, but the game hasn't launched yet. Where does that return come from? What stockpile?

[waxen drift]

I’m new to this and planning to stake. I have extra money let’s say 400usd. Where should I stake it and how long? Thank you

[brisk surge]

@clever swan so if i stake it won't give me any advantage in game? Right? Like any rare items?

[unique bear]

@waxen drift it cost me about $120US just to stake in the SLP. It'll be a bit less for the ILV. For an investment of that size, the gas fees will be critical in your decision.

[waxen drift]

Thanks I’ll do more research on this

[waxen drift]

What is SLP? Sorry I’m new to this

[brisk surge]

Smooth love portion 🤣🤣🤣
I'm kidding

[waxen drift]

Usually how much is the gas fee?

[unique bear]

@waxen drift it's the sushi liquidity pool. Higher risk, higher potential rewards. But gas fees higher to get the cash staked. You have to split Eth/ILV before you stake using sushi swap

[waxen drift]

So for example I will put 60usd in ETh and 60 in ILV?

[unique bear]

There's vids on it circulating how to do it and also the consideration of impermanent loss which you should look into

[waxen drift]

Okay thanks, appreciate your responses. One more thing, is the gas fee a one time thing?

[unique bear]

I researched for 2 days straight on it all before I understood it. I'd recommend you fully get briefed up on it before you lock anything away

@waxen drift trawl up through this thread and you'll be surprised how much awesome info there is

[waxen drift]

Okay thanks.

[waxen drift]

Thank you dude

[unique bear]

@waxen drift All good Bro. The gas fees aren't proportionate to the investment size. They are a fixed fee which fluctuate like crazy. Check on a website like gasnow to get prices. So if you had $400US and had to make 3 transactions to stake each worth $40 then you've spent $120, which means you've only staked $280, so it's gonna be a while before you make that money back, and then when you do, you have to spend more gas on transactions to get it back in your wallet. So you really need to believe in the profuct and make sure you are sending the Max you can afford each time you stake rather than piecemeal

[plucky rock]

gotta invest when gas is low

[unique bear]

@plucky rock yeah man, definitely!

[glass carbon]

!staking in case anyone needs these resources

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• You acquire either some ILV or some Sushi LP tokens
• You go to: https://staking.illuvium.io/staking/core
• You enter the right pool according to the tokens you acquired
• You decide whether to lock your deposit or not (if locked, you will receive more rewards from yield farming and revenue distribution, but you cannot withdraw your deposit until the chosen locking period is over)
• After approving the contract (if this is your first interaction with it) you confirm the staking of the desired tokens

You can find an in-depth video for staking here: https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s

[plucky rock]

can anyone report back on their recent APY returns with staking? are you getting near or match to the estimated return?

[plucky rock]

i was also wondering about this.

[mental tangle]

No.
You have to claim for compounding
Pray for low gas Sunday
@glass mason
@plucky rock

[unique bear]

@plucky rock answer is no. They just sit there until you claim. Once you claim they get vested for 12 months and earn further rewards (compounded)

[wanton nova]

For me they match. But keep in mind that Apy will decrease over time

[wild dagger]

anyone able to explain to me whats the deal with the current flash pool with xyz? The apy is so high! are there any risks to this flash pool
also, if you have to lock it or if its flexible

[gloomy gazelle]

Flash pools don’t get locked. They am only last like 2weeks

[wild dagger]

makes sense, so you have a 34h window to get in

[gloomy gazelle]

The apy depends on how much is staked in the pool. As more people stake XYZ the apy drops.

Actually you can join the pool anytime during the 2 weeks. But there is a short period to stake before rewards start

[wild dagger]

so whats the 34h timer meant for, if you can just join the pool anytime

also is there impermanent loss in the xyz pool?

[gloomy gazelle]

The second sentence I wrote. It’s a warm up period.

[gloomy gazelle]

No. It’s single asset staking.

[wild dagger]

so if thats the case, there are no risks

[gloomy gazelle]

The risk is not getting enough return in your 2 weeks to be worth the gas fees.

Flash pools are NOT for small bags. In my opinion.

You’d need to divide the apy by 26 to get an estimate of what the return on staking would be for the 2 weeks. And I don’t expect the APY to actually stay at 750% closer to 500% I’d say. But I don’t know.

[wild dagger]

sorry for all the questions but why is that? I thought gas fees arent affected by how much you stake. Honestly gas arent even that bad if you manage it properly, especially rn where its like 27 GWEI

[steel patio]

I unstaked from Flashpool and just sold XYZ for profit.

[gloomy gazelle]

The staking fee is not a simple transfer. It’s a fairly complex contract.

[wild dagger]

ah rip, guess I gotta look up how it works than...

[wild dagger]

also yo explain your gameplan my dude 👀 good shit on the profit

[gloomy gazelle]

If you have the XYZ you can see what the gas cost would be by starting the stake transaction but just check the cost and reject it.

[abstract comet]

and divide by 2? The gas limit isn't necessarily (probably isn't) accurate

[wild dagger]

nah rip I dont got any, u able to screenshot it if u can?

[steel patio]

My simple calc at 750% is that you could get ~30% return in ILV over the 2 weeks. Too much risk of XYZ falling as Buying pressure turns to selling pressure.

[gloomy gazelle]

You’ll need to withdraw your XYZ eventually and claim ILV rewards so I wouldn’t divide it even.

[abstract comet]

ah I see, yeah it turns out just about right if you just take that as your total cost

[gloomy gazelle]

Honestly I hadn’t thought it all through but yeah would be close ish

[wild dagger]

how long have you had your XYZ in the flash pool for? Im surprised u made more profit unstaking rather than holding it and waiting the 2 weeks

[spark cape]

Hi I’m about to stake, can i use eth to swap to ilv in sushiswap?

[steel patio]

Yes

[gloomy gazelle]

I forgot to mention it. But XYZ flash pool staking can be discussed in #xyz

[gloomy gazelle]

I think so. But would also include your vesting rewards.

All Claimed/vesting rewards are 2x weight since they are locked for 12 months

[wanton nova]

Apy of tokens with weight 2 is double as high as with weight 1

[gloomy gazelle]

Token weight is fairly simple. You just count your staked tokens and multiply it my your weight (anything from 1x-2x depending on how long it was locked for… 6months is 1.5x) that tells you how much the protocol is giving you rewards for having staked.

Lol yeah Cooper said it way more clear than I did (talk about overthinking)

[fallen kettle]

Hey can trustwallet have SUSHI LP tokens or is it just metamask?

[gloomy gazelle]

I suspect it could. It’s ERC 20 compatible right? But the issue for me would be is it compatible with the Illuvium staking website.

The weight is used to calculate the APY

[steel patio]

You would have to make some assumptions & create different scenarios, 650% APY is likely to fall over time. Best case scenario 650% APY in ILV

[stark eagle]

Hi, is it possible to stake my DAO tokens for this game?

[gloomy gazelle]

Not necessarily true. But yes likely. I have seen the SLP apy pump from under 600% to over 700% becuase of the increase in ILV value

[gloomy gazelle]

Do you mean ILV? Or some other token? Because it’s pretty much only ILV. Which is the DAO token for this game

!staking

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• You acquire either some ILV or some Sushi LP tokens
• You go to: https://staking.illuvium.io/staking/core
• You enter the right pool according to the tokens you acquired
• You decide whether to lock your deposit or not (if locked, you will receive more rewards from yield farming and revenue distribution, but you cannot withdraw your deposit until the chosen locking period is over)
• After approving the contract (if this is your first interaction with it) you confirm the staking of the desired tokens

You can find an in-depth video for staking here: https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s

[tidal vine]

So is the flash staking done at the end of the timer or is that when it starts?

[grizzled kindle]

hey there why does it take 12 months for my ILV withdrawal

[stark eagle]

I have ILV and staking it already. But I also have DAO tokens and thought I can stake them too.

Maybe I’m confused because in the news mail they talk all the time from Ilivium DAO.

[tidal vine]

Dao is a general term

[gloomy gazelle]

If you staked flexible then your weight would be 1x (half of 2x) so you APY would be half of the current APY 650/2

[stark eagle]

Great thx

[gloomy gazelle]

!dao

[woven ibex]

Illuvium is a DAO (Decentralized Autonomous Organization). The governmental body, known as the council, is elected by ILV token holders.

If you have an idea that you feel will improve the game and community as a whole, you should start by sharing your idea in the #802110554784661544 section and getting feedback from the community. If there are no major issues, you could then write a proposal and submit it to the council for review: https://medium.com/illuvium/30-contribute-to-illuvium-game-development-by-submitting-iips-via-github-ccf4bfae30

The council, which should be composed of knowledgeable & experienced members who think critically and accurately, will then - after careful deliberation if your proposal is truly best for the game and community - vote to either accept or reject the proposal.

[gloomy gazelle]

!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

[tidal vine]

I have xzy staked but don’t understand how the flash pool works. After the timer is the event over and I can remove the xyz and vest the Ilv?

Oh I see it starts at a certain block

[gloomy gazelle]

Yeah. Or whenever you want. Because it’s flexible staking.

[tidal vine]

So no rewards yet

[tropic sequoia]

how do you stake xym?

[gloomy gazelle]

Ah. Yeah that’s right the 33 hours is till the rewards start

[steel patio]

Staking -> Flash Pool

[gloomy gazelle]

!staking

[tidal vine]

Hmm I wondering if I should just sell it rn

[woven ibex]

When holding ILV, staking is a way to gain additional rewards from yield farming and revenue distribution. The process for staking is the following:

• You acquire either some ILV or some Sushi LP tokens
• You go to: https://staking.illuvium.io/staking/core
• You enter the right pool according to the tokens you acquired
• You decide whether to lock your deposit or not (if locked, you will receive more rewards from yield farming and revenue distribution, but you cannot withdraw your deposit until the chosen locking period is over)
• After approving the contract (if this is your first interaction with it) you confirm the staking of the desired tokens

You can find an in-depth video for staking here: https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s

[tropic sequoia]

It says to connect to metamask wallet or wallet connect however i guess i cant figure out how to send it over to my metamask

[gloomy gazelle]

Yeah watch the video above. Just don’t use ILV if you want to stake XYZ

[steel patio]

Where do you have the XYZ now?

[tropic sequoia]

kucoin

[gloomy gazelle]

Great question

[steel patio]

& you already have Metamask?

[tropic sequoia]

yes

[steel patio]

It's an ERC20 token, so send it to your ETH Metamask adress.

[tropic sequoia]

okay will try to do that now

thank you!

[gloomy gazelle]

You’ll need ETH in your metamask too. If you are new to using metamask I’d recommend watching the video linked a few posts up ☝️

[tropic sequoia]

no no im not new i was just having a difficult time for a moment but i figured it out!

[fresh abyss]

Guys does anyone know why the suggested gas fee is around 88$ when etherscan only suggests around 13$?

[fallen kettle]

Yup its erc20 compatible.

[grizzled kindle]

hey there i was just wondering that if i was going to withdraw my sushi LP and when i convert it back to my ethereum and ILV will i get the same ETh back or however much fiat its worth

[steel patio]

No.

[grizzled kindle]

so i will get the same Eth as i put in exluding fees

[steel patio]

No

[grizzled kindle]

i will get the fiat worth

[steel patio]

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

[grizzled kindle]

what would i do for future prices??

[steel patio]

Just make up a few to see the effect.

What creates the loss is when the peg changes

ETH unlikely to crash big time against ILV. So biggest risk of loss imo would be ILV crashing.

[manic jacinth]

How to stake ilv from trustwallet? Do i need to first transfer to metamask and then stake it??

[steel patio]

If Eth 3x, & ILV 10X, as long as you leave in a reasonable amount of time APY should easily offset.