🥩〕staking

[weak lagoon]

After which, time is still money if we accumulate during a bear market.

[noble bridge]

ether has proof of concept, coin does not if the game flops 0 value

[thorn meteor]

I am staking in the ILV pool

[noble bridge]

ether will always have value and ride in cycles,

[weak lagoon]

The game flopping is kind of a hyperbole, though. The game could not be well received at first and completely take off 12 months down the road.

As long as the fundamentals don't change, it's a good investment. Now if the core team throws in the towel, that's another story.

[noble bridge]

is that the trailer fight scene

[noble bridge]

i mean as long people play the game the token has value, if people dont play it for whatever reason token is worthless

[noble bridge]

yes you only pay once

[clear cape]

it was one of the teasers yeah from earlier

[alpine forum]

It is ETH + ILV for the Sushi LP?

[weak lagoon]

Yeah that's fair, but that's part of the risk/reward trade off by entering early. And back to my original point, the longer were staked, the less IL matters in an upside scenario haha.

[clear cape]

I just realised anyone who did SLP staking in the last 2 months would have gotten rekt in short-term impermanent loss lol @noble bridge

[noble bridge]

i mean as long the value doesnt tank essentially u get your investment back plus gravy train

[clear cape]

I think i will too in the short term here when the trailer comes out lol, and barely got much out of my apy rewards, ouch

[noble bridge]

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

well you get like 1.5-2% almost a day kinda plus compounding with withdraw so u would be ok

you just wouldnt be making a killing compared to just holding the coin

[weak lagoon]

Yeah agreed. I don't mean to argue your points, they're all valid. More just focused on the amount of time we can generate this yield as a significant IL mitigant. The crash scenario is definitely concerning but even then, if we lose 30 percent to IL over 3 months, we generated around 150 percent of our stake in the form of ILV.

[clear cape]

I would hope that ETH is solid lol. Good thing is im in it for 12 months thank fuck, eth 2.0 would be close by then hopefully or w/e

but if ILV gets to 10k tho..

[noble bridge]

these numbers are off ether needs to be like reduced by 50%

[weak lagoon]

The IL actually isn't even that bad in the down scenaroo

[clear cape]

Wym?

[noble bridge]

initially

[weak lagoon]

I was thinking it'd be more like 20 to 30 percent if we lost 50 percent eth and 75 percent ilv

[clear cape]

My prediction is ILV mooning and eth remaining stable in those inputs

[noble bridge]

if they move in same direction its good thats why its not bad

[weak lagoon]

Not necessarily, the magnitude of change is the important piece

[noble bridge]

i thought you were comparing if you bought ilv 2 months ago when ether was 50% less and ilv was like 80% less

[clear cape]

naw naw, i was doing now vs if ILV mooned and eth stayed stable

[ripe spruce]

i dont see ETH stable in the next 12 months, ETH2.0 will be released

[noble bridge]

its the direction if the magnitude is similiar theres no big difference. So check it with etherium staying similiar and coin crashing

[clear cape]

Yup i mentioned this before just then and said thank fuck im in for 12 months. Is eth 2.0 in q3/q4 2022 most likely or ?

[noble bridge]

got you my mistake

[weak lagoon]

Yeah so 20 percent IL if ILV drops 75 percent and eth is static

[noble bridge]

on top of a worthless coin i think the IL is the last of your worries 😛

[weak lagoon]

You're absolutely right that were all screwed if ILV crashes though lol.

[clear cape]

yeah i mentioned this, IL is more of an issue going up. if its down, we r fucked regardless lol

[weak lagoon]

Yeah, downside scenario to me says buy more as long as fundamentals don't change.

Edit: a lot freaking more lol

[noble bridge]

and its not so much a Loss in IL if they go up its that you didnt maximize your profits

[ripe spruce]

absolutely, in this scenario at least the APY gain save some bucks ahahah

[clear cape]

Lol i just know id be sitting in my room at 2am going like jesus fuck, i missed out on 200k, or w/e the fuk my IL would be by staking in the wrong pool or some shit hahaha

[noble bridge]

haha

[weak lagoon]

So what's the best case scenario for staking to you guys?

[clear cape]

Im going to pray the stars align and ETH goes up a fair bit and the game revdis is good and apy remains high lol

[ripe spruce]

both mooning

[weak lagoon]

Sorry let me rephrase, without the ratio remaining 1:1 lpl

Ilv/eth isn't going to move sideways in a year

Ilv mooning is absolutely the best case scenario. Even with 40 percent IL

[noble bridge]

I mean ideally there is alot of hype i see this going way above 1500 if the game demo looks good, we have no institutional investment atm and very low market cap, very low circulating volume of coin

[clear cape]

I might be down on IL in the beginning or short-term, but i think the apy might slowly come back in the home stretch and eth 2.0 to clutch up at the end

[noble bridge]

it could easily go above 2500

[ripe spruce]

even more if market cap goes as like Axie

[noble bridge]

Rt there is good chance you also get dividend from land sales potentially 7-15 dollars per ilv owned, plus u r getting roughly 1.5-2.0 a day in new ilv at the beginning

[noble bridge]

i mean if it had that many users its 20x plus just based on comparing market caps

[clear cape]

1.5-2 ilv from the current staking rewards u mean, yeah ?

[noble bridge]

yeah thats dirty math of course

[clear cape]

what is the math behind 7-15 bucks ilv owned btw

[noble bridge]

expected land sale of around 100 milion was thrown out there which will be redistributed to staked

[noble bridge]

the land sale could be much higher or could be lower than it is dispersed based on ilv staked so if there is 9.4 million shares staked roughly 10$ and you get multiple of 2.0

i cant remember the exact math but it was around 7 if not staked and like 14-15 if fully staked

[clear cape]

we have much less than 9.4 mill staked tho right ?

[noble bridge]

theres 600k coin in circulation and 10 million coin total

i dont remember all the calculations and i think alot of coins are necessarily staked but the rough estimate was like 7-15$ dollar redistribution

[weak lagoon]

Yeah I ran some numbers and I'm almost wondering if holding ILV in the single stake pool is the better option lmao.

[noble bridge]

you get half the dividend, and depends on size of investment

[clear cape]

Of the remaining 9.4 mill, they have to be claimed as rewards to be staked. to me looking at this, there's millions of ILV that will not be staked by the time land comes? my understanding

[noble bridge]

i cant remember where i saw the calculations

[clear cape]

If i could go back in time i think i would do a 50/50 split too with SLP and iLV core pool ;/

[noble bridge]

i just remember it was like 7-15$ estimate based on 100 million in land sales

[weak lagoon]

Are you locked 12 months?

[clear cape]

Yeah 12 months

[noble bridge]

why RT?

[weak lagoon]

I just think we're all too bullish to be LPs lol. It's going to benefit the pure ILV holders the most if we see any kind of parabolic move.

[noble bridge]

if you believe in the game your minting

[clear cape]

I think i feel like im very bullish on ILV in the short term anyways and ETH rather stable, i can see ILV doing a 10x while eth remains 3.5-4k. I havent done the math or anything too hard but if this is true, then you put my mind at a bit more rest

[noble bridge]

if its short term parabolic move yes, but remember we are getting rewards in ilv, so essentially we get those gains as well

[ripe spruce]

So many things to consider, I went 80/20 with SLP, but hard to have a right answer to that

[clear cape]

The question is if those gains will match up to the IL, and if the apy stays up high enough to reap it, right ?

[weak lagoon]

I just ran the parabolic move scenario. Don't get me wrong I'll be a happy man, but if I took the same balance to ILV straight you'll end up with much more lol

[clear cape]

Bullish plus im a bit skeptical of how much ETH can push. i guess i really have to hope for bull market and eth 2.0 to bring eth up a lot while hoping the apy, rewards etc make up for it. these are some variables we simply do not know.

[noble bridge]

lets say it goes parabolic and we dont get the 500% move, we are getting roughly 600% plus compounding- gas prices, +dividend and only losing IL which is on the high sided 20-30%

if the APY moves down excessively quickly this might affect things, or if we get parabolic move but all our rewards are locked in for a year than it crashes

[noble bridge]

its really only if its parabolic move than it crashes when u would have sold

but u were forced to hold all your bonus for one year

which there is going to be some devaluation of the coin from march if people collect there reward instead of restaking. Which if game is good they prob restake since they get 2.0 wt

[weak lagoon]

I need to run some better scenarios including some price predictions haha. But if we dip I'm buying ilv and going single asset stake.

[ripe spruce]

locking or not?

[noble bridge]

yes but in purely parabolic scenario u have access to all the capital right away and it could be better if it crashes once u can finally sell your rewards after the one year has vested. However assuming u dont time the market right and the company is decent your guaranteed sick yields

[clear cape]

So eide u think if the game is good we will most likely come out on top under SLP, given the APY remains fairly ok for sushi LP and the parabolic move for ILV isnt too high ?

[noble bridge]

if the game is good we are mint

[clear cape]

That's my strong belief, so gonna try and forget about any IL haha

[noble bridge]

i am not sure exactly how the apy is calculated, i know every 2 weeks it goes down by 2 percent, and it will increase with the price going up, but it also depends on how many people go into the pool. So where things could get more dicey is if big institution decides to throw 50 millions dollars at it or alot of new investors coming in it will lower the apy but i am not sure by exactly how much.

[weak lagoon]

Probably flex during volatile cycles and locked during bear markets.

[noble bridge]

but assuming the price goes up if institions jump in our APY goes up as well

[clear cape]

Yep exactly. I think the price will have to appreciate more in comparison to the new money flowing in, allowing us to keep a high APY.

[noble bridge]

if you believe in the product i would lock, if you believe in the hype and want to catch moves flex

[visual folio]

SLP is just to mitigate risk

[noble bridge]

slp actually can increase your risk, i think you have it backwards:

[gaunt marlin]

If the APY depreciates by 2% every 2 weeks, is there a floor to the percentage or will it approach zero?

[noble bridge]

its mitigates risk if the product is good, it locks you into terrible investment with no escape if the product is bad

[noble bridge]

check the pinned tabs there some charts

[visual folio]

Depends if you locked or flexible. If the game is bad, you have ethereum holding up the price a bit instead of degening entirely into ilv

I see a high asymmetrical bet. There’s no reason for ILV not to be super successful

[noble bridge]

if you were flexible you could sell right away if the game looks shitty before the coins drops to worthless, vs if you locked in even with ether holding it up some, your stuck getting paid in APY with a worthless token so they apy has no value than your initial investment is also stuck for a year in worthless coin

[visual folio]

There’s very little competition for a legit crypto game

[noble bridge]

but none of us have seen any game from them we have seen flashy art, and clips of videos

[visual folio]

Play to earn is nowhere near close to being saturated

That’s why I’ve been listening hours of the ceo interviews

[clear cape]

Are you suggesting that core ILV pool is the much more profitable option in your view?

[noble bridge]

but noone has tried doing what they are doing its so ambitious that there are going to be ton of roadblocks we havent even thought about. The idea is great, the art looks great, but actually achieving there stated goals with gameplay, scale and the economy they want is revolutionary

[visual folio]

They got the money, talent and work ethic and most importanty. The timing is perfect

You can actually watch many videos of behind the scenes work footage. This is no joke

[noble bridge]

i mean they are talking about doing something that is just very all encompassing the idea is amazing, the art and talent is great, but incorporating this scope into gameplay is where the money will be made or lost

[gaunt marlin]

I see it as a win-win. I stake because I believe in the concept they are trying to achieve. If they match the revolution we both want, it's a win for everyone. I'd rather invest in the future of gaming.

[visual folio]

Within 5 minutes of investigating, I knew cryptoblades wasn’t that legit and even that coin pumped

[noble bridge]

i agree timing couldnt be better

[visual folio]

Play to earn is already enough to be successful. I don’t think axie infinity is that amazing in terms of gameplay

[noble bridge]

i am partially staked 12 months and partially staked 4 months

[ripe spruce]

agree, we will only have certain that worth it when the game launches

[visual folio]

If axie infinity didn’t have play to earn. Nobody would really play it

[noble bridge]

axis was the first to get widespread adoption, its the number of users in the third world countries using it to equalize wages.

[visual folio]

Exactly, it wasn’t even the gameplay just the monetary incentives

[noble bridge]

and they were smart about marketing, and the economy to draw more and more players

[visual folio]

Marketing from ilv is pretty good

[noble bridge]

most crypto games are just buzz word pump and dumps

[ripe spruce]

absolutely hahaha

[visual folio]

NFT Pokémon holo cards, land sales etc

[gaunt marlin]

I think one of the largest large scale adoptions we'll see for illuvium is when it reaches mobile.

[noble bridge]

yeah

[visual folio]

Possibly, but a good p2e game. Everyone will find a computer just to make some extra cash lol

[noble bridge]

tbh i almost wish they wernt trying to tackle so many things and just released something that has most of what they want, because there is ton of buzz and not delivering a product for extended time is what could hurt them the most, since there timing is perfect

[ripe spruce]

yeah, its when third world countries will adopt massively

[visual folio]

It takes on average 2-3 years to produce AAA game

[gaunt marlin]

Agreed. Roadmaps are good but hitting destinations is just as important, if not more so.

[visual folio]

Third world countries have gaming centers if they don’t have money for their own computers

[noble bridge]

but this ends up being less people playing

[visual folio]

They’ll have mobile in 2022

[noble bridge]

so they say

[visual folio]

With these graphics, you need a recent iPad or iPhone. iPhones cost more than laptops

[gaunt marlin]

Roadmap says 2022. That's the happy path. We're never on the happy path.

[ripe spruce]

Yeah, but most people will wait to mobile

[noble bridge]

they also were suppossed to have beta and gameplay demos in Q3

[visual folio]

Fomo will arrive if the beta is successful

[noble bridge]

if beta is good we are going to the moon agreed, you just gotta be critical of your investments and look at both sides

[ripe spruce]

I'd say that this is a concern, if they are trying to make PC specs low, so they do the same to mobile

[noble bridge]

otherwise its just another penny stock to the moon reddit thread:P

[visual folio]

For early investing, you can only have confidence with the team

I trust the cofounders, they knows what they’re doing

[noble bridge]

i mean the ceo and his brother dont have that much gaming experience his brother lead a billion dollar startup, but if u look at Interviews he states he only had this idea like 18 months ago

[gaunt marlin]

Everyone in here is early to the game. We're placing investments/staking with the company to produce a quality product. High risk, high reward. How the world works.

[noble bridge]

so its still in the infancy, but for a crypto game its pretty good team

[ripe spruce]

Yeah, but game producer worker on TLOU2, so the team have a solid gaming background in general

[noble bridge]

agreed look i am very excited about this, I just really hope they can deliver on demo/beta

[visual folio]

Steve Jobs had zero experience with tech

[noble bridge]

i think the hype alone is going to drive ilv price crazys with such a low circulating coin

[ripe spruce]

So do I, we all here paying to see, literally hahaha

[visual folio]

Business is more important, you can always find talented tech ppl to complete the idea

[noble bridge]

I think not biting off more than you can chew is important if they just deliver half way decent product with the graphics as good as they are we will do amazing. My only fear is the sheer scope/magnitude of what the CEO's goals are

[visual folio]

It’s not that crazy ambitious, star atlas is crazy ambitious

[noble bridge]

i just hope he can hone in on the tings that really matter so they can have a product in the next year

[gaunt marlin]

That logic is a red herring. I don't think there is a correlation between Steve jobs with Apple and an NFT p2e game on relatively new tech.

This is uncharted territory what they're attempting to achieve.

[visual folio]

Steve Jobs was also attempting uncharted territory

[noble bridge]

decentralizing the entire game so they have no control, there are alot of risky things(ie whale could buy entire town lock up or flood the market with goods), setting road map to have beta by the end of the year when demo isnt even out, mobile game by next year, full player run economy all of this was just an idea 16 months ago, with the first AAA gaming.

[visual folio]

I think those things cab be adjusted right?

I think the team will pivot and find the right product to market fit if there’s a problem

[noble bridge]

every play to win game thinks there company is the next steve jobs though right, so you have to evaluate the product. So far we have only see teasers no gameplay and the whole game is decentralized with player control

[noble bridge]

this is what i am hoping, because look how excited people are, 18k strong discord

[prisma tendon]

Hey guys can anyone help? I'm so bullish on Illuvium but I've been working so much I didn't even realize I could be staking the token right now! Does anyone know if "CORE" Or " FLASH POOLS" is better? Should I just lock it up for the ILV? I think I can afford about 10 ILV right now...

[noble bridge]

flash pools are for alt exchange ie

axs, xyz so if you using ilv needs be core.

[clear cape]

I was backreading about IL and saw what jeff said. What are your thoughts on this elde?

That once ILV rewards exceed the half of the ILV you changed into ETH, it doesnt matter anymore? is there any other variable we are missing? or is the only way this doesnt end up working out then become if the game flops @noble bridge

[prisma tendon]

Thank you!

[clear cape]

It would only if the APY drops enough where it would be hard to make back those ILV tokens I imagine

feel free to give ur input too @visual folio, saw you typing 😛

[visual folio]

I’m overleveraged and I aped into ILV. I don’t care about impermanent loss as long as I make more than the stablecoins I borrowed

[clear cape]

hahaha thats fair

[visual folio]

50% in slp for moon bag and the other 50% flexible single staking in case of margin call

[noble bridge]

this is essentially what i have been saying, and even if the scenario where there is huge divergence in the ether vs ilv the IL wont be that bad because your getting rewarded in ilv which will see that appreciation

[clear cape]

yeah i get what u mean now, its only when the apy gets rekt where it gets hairy. how low of an apy we talking having to get for it to become somewhat on the bad side?

[visual folio]

The nfts are going to be more lucrative than the token lol

[ancient ginkgo]

goal of the game is gain eth right?

[visual folio]

You sell one NFT you can much eth

[ancient ginkgo]

exactly, we raise the nfts then sale them

[clear cape]

yeah gonna be grinding the game in the summer (sydney)

[noble bridge]

really just the holographic ones

that will be super sought after, because there will be multiple of the same initial monsters

i mean i think any of the final forms will be sought after since you have to combine multiple of the other ones

but it didnt sound like there was going to be any 1/1 type rares at least not that have been mentioned yet

[glass carbon]

goal of the game is to have fun 😉

[clear cape]

They will become rare over time. The tinier ones that get used to make the bigger ones will continue being burned. Over time this tiny ones will become more rare than the bigger ones potentially, or very close to it is my theory. Im going to be playing about 12 hours a day though when it's out

[glass carbon]

if you have fun gaining ETH then by all means lol

[noble bridge]

but the other cool thing is you can bet ether in 1v1

with no cap, so if you are sick at pvp you can take on the whales who paid to win and take there rare stuff:P

[gaunt marlin]

I'm wondering if they'll have an API for tournament stuff down the road. I would be interested in creating a deep neural network to classify win percentages based on all factors involved.

[swift belfry]

I’ve staked in all pools and have some money locked up for a year. The real risk that you are missing is that if you lock your money up for a year, you have no way of pulling your money out if the game turns out to be a lot of hype with no substance. It doesn’t matter how many ILV you earn in rewards if those ILV are worth $1 each. Not to mention many people think the next crypto bear market will be here by the time you can unlock and sell your tokens… I’m going to add to my 1 year lock, but you need to be aware of the real risk…

[clear cape]

Yeah there are definitely lots of potential variables, nothing is guaranteed in one way or another. Thanks for the input

[visual folio]

They are going to have the biggest prize money in esports history

[clear cape]

Btw personally i am extremely bullish on the space and the game.

If the game is shit then yeah im fucked. but if the game is good, i think it will not be hit as hard during a bear market. the revenue the game makes is a direct correlation to the value of the ILV token due to revdis. the token will not go down 50% if the revenue of the game remains the same or goes even higher progressively, it simply does not make sense. Even if it does, we are still on top anyways due to rewards and shit, and the price appreciation of the token until that point.

IMO the real risk is yes, if the game is trash. everything is banking on this game being successful

[swift belfry]

Frankly the APY reducing on the slp pool isn’t really anything to worry about. So what if the ridiculously huge APY reduces to close to zero, you still have all the tokens you paid for and make gains on the token price. The game turning out to be terrible is where the real risk lies. So far we have seen… some pictures. This is my biggest investment after Axie, but we are all taking a big risk trusting the devs. It’s a risk I am willing to take, but it’s still there.

[clear cape]

i think this is exactly why the gameplay trailer is so highly anticipated atm for many people.

[indigo bridge]

On YouTube there are some leaks worth checking out

Animations and whatnot, so you would feel more comfortable knowing it's not just pictures

Then again nft pictures are all the rage right know lmao

[swift belfry]

To be honest, Axie is the only thing that has a proven game that people enjoy playing. Every other Axie play to earn copy that is coming out now, using the same economic modelling is just huge promises and some basic graphics. It’s the price we pay for chasing huge returns. We have to be so ‘early’ that all you can do is trust the team and hope for the best.

[wanton rose]

Where was the info about staking again? Was it that IlluviDEX charges 5% fees, and 100% of that 5% fee goes to ILV stakers?

[clear cape]

Sorry but i disagree with you. If you believe ILV is just basic graphics and a bunch of promises, you clearly haven't seen the amount of detail and work that has been going into these projects. The leaks and animations on youtube

Do you really think they have had massive investments from external people and have a team of 100-200 on salaries to dish out something crappy? Obviously you are inclined to your view, but i strongly disagree

Obviously we dont know how good the game will be and all that, sure. but i think we are basing it a lot more than basic graphics and not much substance, that's all IMO.

[wanton rose]

Never said that.. hehe

[swift belfry]

I think there are a lot of people like myself who are willing to put 40% or more of their portfolio into a game that doesn’t exist yet. If I’m willing to do it, why wouldn’t others?

[indigo bridge]

Info on staking is in announcements, check the medium articles

[wanton rose]

Got it! "100% of in-game revenues are distributed back to stakers in the form of $ILV."

[clear cape]

I get what you're trying to say after i re-read it. yes i agree right now we are banking on the game working and being successful, it is a huge model and mammoth task. if it pans out ? chances are we going to be very wealthy. i have lots of faith in this team like you said, and that's all we can do at this point

[wanton rose]

can you guys just kiss already

[clear cape]

If the game flops i believe they will continue to work on it and the price can find its way back though, i dont see ILV ever becoming a 0 token

[indigo bridge]

Yeah and if worried about game flopping just stick to flexible pool

[wind walrus]

Correct. Look at Axie and crypto blades. But making big changes

[swift belfry]

I can easily see crypto blades becoming a zero token, buts that’s off topic.

[clear cape]

ILV wont be a $0 or 90% off from ATH token, i think that is extremely extremely unlikely. this is why im more worried about my IL than the game being a shit show

[visual folio]

Crypto blades is not impressive

[glossy dirge]

Don't the game have energy systems as to not spend the entire day gaming?

[brisk surge]

Hey guys. How do you get tokens to invent in the sushi lp staking?

[clear cape]

Something like that i believe is implemented yes..i do not know if there are things u can do to up ur energy though? i imagine there would be

[brisk surge]

Invent = stake

[final steppe]

!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

[swift belfry]

Then you should jump into SLP with both feet, becomes as long as the game isn’t smoke and mirrors, your APY concern really isn’t an issue… For the APY to go to nothing, it means the token already went to the moon… it’s win win. If you are certain about the game. Which you are.

[clear cape]

Yeah very well said. Also keep in mind when you mentioned the bear market etc, this might mean ILV going down from $5000 down to $2000, not $500 where it is now to $100. Keep that in mind as well 🙂

Risk increases as you get into this project later and later ofc (in crypto), but i think all of us wont have to worry about that fortunately

[wind walrus]

Interesting theory. I can see that as the game progresses

[clear cape]

keep it hush hush so we can take advantage 😉

[wind walrus]

Your secret is safe with me.

[brisk surge]

Thanks! So you buy etherium then add it to liquidity for ilv basically?

[wind walrus]

Yep. Equal parts ETH and ILV in the Sushi liquidity pool will give you SLP. Then stake SLP in Illuvium stake pool

[final steppe]

Correct. You're contributing to the liquidity pool for ILV so you will be adding both ETH and ILV in equal $ amounts.

[brisk surge]

Thanks.

So I would need to swap some etherium for ilv first. Then add both to liquidity?

Awesome

[wind walrus]

Gas fees are crazy atm so you might wanna wait

[final steppe]

Rahlord also created a tutorial video to go through the process of acquiring ILV and then staking for SLP which is in the pinned messages of this channel, if that helps! 🙂

Can have a view of it while waiting on gas fees to drop 😛

[brisk surge]

Thanks! I did notice gas prices are way higher then when I staked in just ilv. I’ll wait to check til I’m finished with work today

[strange onyx]

Being in the gaming space, there are tons of games that looked good. With great promise. That flopped.

So I can see both sides. But it does happen.

[clear cape]

Yup if you read just after that you can see that i agreed and rephrased the view a bit 🙂

[uneven falcon]

@dense zephyr

[dense zephyr]

ohhh..ok,ok thanks for sharing.

[clear cape]

I think a big thing people also overlook as well, is that if the game lacked real burning passion and desire to create an amazing product, they wouldnt have increased their lock in period for their coins

This is very important to note. Gaming companies have financial incentive to not worry about games being bad due to preorders etc..these guys at upper management have no financial inventive putting in all their time and hard work when they locked in their tokens for another few years, only for the game to suck. you can bet your bottom dollar they are working like mad dogs and hungry as fuck, just my view.

[gaunt marlin]

I would agree that upper management locking their tokens down for another, is it 3 years? to vest linearly? is VERY bullish. Gameplay trailer or not. Provides more transparency and invites more trust for the stakers.

[clear cape]

I have watched hours worth of interviews for ILV. I know its obviously very subjective and interpretative lol, but you can just tell when the founders have a strong burning passion to make sure their project is amazing no matter what

[icy ocean]

Can someone explain to me why you need to withdraw rewards to be able to put more staking money?

[clear cape]

Lets say you have 10k worth of ILV and 10k worth of ETH as slp tokens

If ilv goes up but eth remains stable, the slp token should increase in value, right?

[gaunt marlin]

I mean yes, but it's possible you'll have realized impermanent loss. If the token relationship is volatile, the more chance for impermanent loss.

[clear cape]

You mean unrealised i think, right?

As in you will be getting your value increased for your ILV tokens but not eth, which would be half of as much if you were to be 100% in ILV. Yup i get that

[gaunt marlin]

yes sorry. Not until you decide to cash out would they be realized.

[clear cape]

Yeah no worries then. Not too worried then since i think rewards will outweigh IL over 12 months

[gaunt marlin]

I personally am going long on ILV with a touch of SLP.

[clear cape]

Yeah lol i had a fuck tonne of discussions lasting hours long the last few days, from ILV vs SLP pool and how often to claim rewards etc, quite difficult to get it right when u have a big bag so tiny things like this can have a huge difference in the long run

[gaunt marlin]

Again, risk has rewards. If the game is a success, we're all a bunch of winners regardless.

[chilly flare]

i'll need illuvium in-game or just "sILV"... farmed on Stacking?

[wind walrus]

You don't nend ILV for in game at all. If you stake ILV or SLP you can earn Silv that can be used in game. The main currency in game is ETH

[open steeple]

So if i mainly want to make money on my investment i would choose Ilv rewards , and if i want to play the game i choose SIlv rewards would be better right?

[wind walrus]

Correct.

[steady girder]

Are there different benefits for staking either ILV or SLP?

[rain halo]

although sILV could also make you money

[wind walrus]

Yes. Read the pinned info in this channel

[open steeple]

Will us be able to buy Silv? Or it is just rewards to the staking pool

[gloomy gazelle]

there will not be an official liquidity pool for buying sILV. It is just a reward for the staking pool.

!silv

[woven ibex]

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

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

[warm radish]

just staked my 3 ilv feelin good

[wind walrus]

ILV or SLP Pool?

[warm radish]

ILV because i understand it; I don't know enough about impermanent loss, sushiswap, liquidity pools etc. to evaluate the risk

[wind walrus]

Smart.

[brisk surge]

Understandable. I split my small amount of ILV in both pools, the near 700% apr at the time I staked was too good to pass up, I’ve almost made back my original SLP stake in ILV already

[warm radish]

how long was the lock-in for 700%?

[wind walrus]

52 weeks

[brisk surge]

Max, I locked for a year.

[unreal storm]

Can someone tell me how to get my SushiSwap to my Metamask so I can stake?

[warm radish]

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

[unreal storm]

I can't figure it out for the life of me none of the youtubes show how.

ooo thank you!! I haven't seen this video! Thank you Traveller!!

[gloomy gazelle]

thats funny because that's the only video that matters. haha

its pinned in here

[unreal storm]

OMG I did the SushiSwap before I put SushiSwap in my MetaMask wallet. am I screwed it's not seeing my ILV!!! whyyyyyyy meeeeeeeeee sorry it's been a stressful day at work heh

[wind walrus]

You need to add the token to your MM wallet. Then it will be under ASSET

[gloomy gazelle]

!contract add the ilv contract

[woven ibex]

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

[gloomy gazelle]

honestly you should probably add all three of these. Eventually you might want them

[unreal storm]

Ok I am gonna try. I tried it earlier and it gave me an error. Ok I will thx!!

[clear cape]

im praying APY stays up high enough for me to reap the rewards from it nicely enough

[visual folio]

I hope the price has more room to grow

[gaunt marlin]

The fully diluted market cap right now is 4.7B. In comparison, AXS is 18.8B. There's definitely room for the token to grow.

[frigid edge]

Do I need to claim anything to have ILV compound? Or does it do it automatically over the 12 month period?

[elder dawn]

you have to claim to compound. claiming moves it to the ILV pool locked for 52 weeks while it vests. earns at 2x weight

[noble bridge]

what are peoples thought about only locking in slp until February that way you have control over your initial investment while dilution occurs

For ILV, the first major unlock event will occur in March 2022, when the Team, Seed, and Upper Management tokens will begin their unlock. At that point, an additional ~214k tokens will be unlocked each month for the next year. Initially, the pressure will be greater, with circulating tokens jumping over 33% in March 2022 from the current 634k up to 848k. Each month another 200,000+ tokens will find their way to the market, with decreasing impact over time on a percentage basis.

i want to stake some more but considering only staking until feb because of this wonder what other peoples thoughts were

[rain halo]

Don't quote me, but I'm pretty sure upper management has decided to implement a further 2 year lock on their tokens

[noble bridge]

that is excluding the lock up

[rain halo]

wym?

[noble bridge]

its roughly 200k even with upper management exclusion

maybe little less, just in team, early seed investors the best argument is that they stay vested because the tokenomics are good

[chilly flare]

How to work Stacking SUSHI LP???
Stacking SUSHI ?

[mint cave]

https://youtu.be/C6YugU4zZr4

[noble bridge]

i think its hard to exactly say because the price of the coin affects the apy, you could factor the 2 percent drop every two weeks, but there is no way to know how many more join the slp pool which also affects it

[midnight lily]

How often does it compound?

[noble bridge]

everytime u collect your rewards

[midnight lily]

or does anyone else know how often it compounds? I couldn't find that info anywhere

[noble bridge]

you are constantly get rewards every 15

seconds or minutes cant remember and your rewards begin compounding when you collect them

[midnight lily]

thank you!

[noble bridge]

we just have to pray the price of ilv doesnt drop by the time our rewards have vested

but in sense its kinda of pyramid structure that even after your bonus has vested and you can remove your initial investment if the price has remained stable or appreciated you will prob second guess removing it since you are still get apy and 2.0 weight dividends and such

[final steppe]

@glacial rock When you go to click on "Connect Wallet" it should pop up with a big Metamask button for your to connect to Metamask (which should be linked to your Trezor already, right?)

[glacial rock]

Ah, I omitted two things. First, I didn't add ILV token to MM thus it wasn't showing. Second, I had to refresh the page after that and now I am connected! Thank you very much!

[final steppe]

Awesome!! Glad to hear it 😄

[glacial rock]

If you can give me an insight... I see ILV and SUSHI LP and the latter with much higher APY. Is there any reason to choose ILV over Sushi LP?

[noble bridge]

you will still be early either way

you are sitll talking pre-beta, maybe do a blend of staked and unstaked

blend it like Beckham

same man i am thinking of adding third

just waiting for coinbase to clear my bank deposit

i have one vested for 4 months so that the investment is liquid before possible dilution in febuary and in case our timelines for game release super delayed

and the other vested for one year which will suck if the game sucks and your stuck get rewarded in shitcoin only to see your investment dwindle by the time u get out

but the greed is so strong in me

my hope is honestly they tone down there ambition and just deliver a good playable product, because the only thing that scares me is the scope of what they are taking on does not match there timeline, and there are alot of excited people right now and delays can take the wind right out of the sails

hopefully not to much it will decrease our APY even if the price appreciates because of it, we will be locked in:P

[glacial rock]

I am a little confused... Can someone tell me if I can stake in SUSHI LP using ILV in my MM wallet?

[noble bridge]

i mean i guess its good in some ways because they will be locked in as well while we will be able to redeem our rewards first lol

[noble bridge]

no have to create liquidity using blend of ether and ilv

[glacial rock]

Thank you! Do we have an instruction on how to do that?

[noble bridge]

when do i become a mod?

[clear cape]

When you mentioned whales diluting the LP, i would find it interesting if they were to do that. Because they would reduce the APY massively and like you said, they might be vulnerable if they lock in their funds for 12 months while a lot of tokens unlocking is going meanwhile.

Feel like a whale big enough to make a big difference to apy % will go into the ILV pool if anything not the SLP, as i would believe its institutional money. would be surprised if they staked in slp

[noble bridge]

depends if its hedge fund or actual institution

pretty much my thoughts

[clear cape]

Yeah it depends on who kieran was referring to in the interviews regarding it

[noble bridge]

but hedge funds and venture capital they allocate certain amount to high risk and dont have to tell there clients

[clear cape]

Yeah exactly, which makes me think the APY might stay strong for a while. if it does fall a lot, chances are ILV is mooning very hard

[azure jewel]

just waiting for gas to go down until I use my rewards to put more into my stake. when does gas normally go down?

[clear cape]

Yeah most likely

[noble bridge]

i mean we are talking peanuts for VC if they throw 10 million at slp it will move the apy

[clear cape]

U think good chance of them throwing into SLP?

[noble bridge]

prob to early

[glacial rock]

Ah ah ah, I already swapped all my eth to ilv. lol sigh
Thank you 🙂

[noble bridge]

they will want to see proof of concept gameplay or they would have wanted in on initial seed at under 50

[clear cape]

Yep, kieran specifically mentioned some people are on the sidelines due to the gameplay. this is why im thinking post gameplay might be parabolic combned with retail

[glacial rock]

I have no knowledge on why slp has more risk. I gotta watch the video you linked... does it explain why it is more risky?

Thank you! I found an article on the impermanent loss. I will read it up.

[harsh hollow]

How long does a transaction usually take to stake, been waiting 30 minutes? Anyone know

gas fee was like 140$

2

[cunning forum]

I’m trying to stake ILV using my Ledger through MM but it displays my balance as 0. Any suggestions?

[clear cape]

the price increase will counteract the added staking, so not all gloom and doom potentially

[harsh hollow]

@clever swan pretty sure it just went through, it now shows the amount I have staked

[clear cape]

but if it has a sharp correction then yeah might be 200-300% apy bleh

[harsh hollow]

Can't wait for the game !

[glacial rock]

Did you add ILV token to your MM?

[austere creek]

I have staked some ILV tokens in locked up and i just bought more ILV and want to stake them in flexible, its telling me "When you make a deposit, you first have to claim your existing rewards in this pool. Please choose if you’d like to claim your rewards in ILV or sILV." when i click it for ILV tokens it makes me pay a gas fee and then afterwards i am trying to lock my other tokens on flexible and its asking me to claim my rewards again which i did. I have done it twice paying gas fees twice. I dont know what to do? please help.

[rain halo]

Do your unclaimed rewards compound at the same APY as your stake?

[mint cave]

unclaimed rewards do not compound

[rain halo]

claimed rewards compound though right? while vesting

[mint cave]

correct

[abstract crown]

Hi all, just discovered this project today. Looks incredibly interesting!

[rain halo]

ooo so its not just best to leave rewards unclaimed until the end of the staking period. You should claim them periodically so they start compounding

[mint cave]

!welcome

[woven ibex]

Welcome! Wondering where to get started and learn more? The #791148036935516161 section has all the information you need. From a brief overview to links that lead to highly detailed information. Also, be sure to check out these channels in the discord to stay up to date: #✍〕rules #announcements #❓〕faq #💧character-leak

[mint cave]

pretty much, yeah

[abstract crown]

thank you 🙂

[rain halo]

do you know if anyones done the math on how much ILV you should have accrued before its worth claiming

[mint cave]

it depends on your lock duration, current APY, and current gas fees

[rain halo]

but isn't the vesting period 12 months regardless of your lock period?

and isn't APY the same for ILV once claimed whether its from SLP or straight ILV staking?

[mint cave]

no the APY is variable

but yes the ILV rewards all go into the single pool, regardless

[rain halo]

why does lock duration matter then?

[mint cave]

ah, i guess it doesn't really if you're just looking at your total pending* rewards

[rain halo]

ok perfect, sorry just trying to maximise my returns. So many variables to account for

[mint cave]

i gotcha 🙂

[daring crown]

What is the minimum ILV for staking?

[rain halo]

if its of interest I just asked a friend who made a calculator. At current levels if you staked 1 eth worth of SLP you should claim roughly every 80 hrs

[abstract crown]

Possible to share that calculator? Would be interesting to mess with

[rain halo]

I dont have access sorry

[abstract crown]

No worries

[glacial rock]

ILV spend is approved but staking is taking forever... Can I pull out my Trezor wallet? I need to turn off the PC and wonder if it's ok to do so.

[daring crown]

But does the system needs a minimum ILV for staking? Like, needs 0.1 ILV to proceed or something?

[abstract crown]

Thanks!

[clear cape]

if u have a bag over 25k worth, once a week. sub25k probably every 2-4 weeks

[clear cape]

interesting conclusion

[glacial rock]

Ah, it's complete... phew

[abstract crown]

It shows for $500 of ILV in SLP at current rates, you should claim rewards every 30 days.

Oh nvm, that's a value you can change

haha

This is interesting, so if you staked $500 of ILV in SLP for 12 months. You should only claim every 90 days.

I think you put the ILV amount in the SLP. So it figures out how much ETH goes as well. It adds up correctly for me if I do that.

b/c you also put in the price of the ILV. So it knows $500 of ILV is also $500 of ETH

Yeah, it definitely does

[icy ocean]

does compounding get same rate as regular staking? If so I don't see any reason to claim early , only if you feel like you need some founds elsewhere I guess.

[eager lynx]

People must be staking like crazy. APY going down so much

[abstract crown]

I just can't decide whether to lock or not. If ILV goes ballistic it would be hard knowing it's locked away

[rain halo]

unclaimed rewards don't compound

[icy ocean]

well you claim them at the end anyway so they do compound , only difference I missed is that APY can be worse if you wait, then again it might not

[rain halo]

unclaimed rewards just sit there, they don't grow at all

[indigo bridge]

Claimed rewards have a token weight of 2

[icy ocean]

You need to claim them after 12 months anyway and wait 12 months

[rain halo]

yes but if you wait 12 months, for that entire 12 months they are't growing

[icy ocean]

K I see your point now

[clear cape]

its because the price is going down lol

[abstract crown]

So the claimed rewards are locked for 12 months, correct?

[icy ocean]

except sILV

[abstract crown]

okay, and do you have to claim ILV and sILV in separate transactions?

[icy ocean]

As I understand you can chose only one .

[abstract crown]

Okay, I see

[eager lynx]

Yup, that will do but APY was higher a couple days back when the price was at these levels

[abstract crown]

Welp, added my first SLP. Let's see how this goes 🙂

[olive gust]

how do you compute the rewards from the Flash pool?

I staked in xyz at 20,000% APY. That 200x per year. But I compute the rewards, per day, Im not getting what I was expecting

[topaz fossil]

How much would you have to plop into the XYZ pool at the current ILV price to make it worth the gas? Anyone figured that out yet?

[topaz fossil]

Its at 400%

[gloomy gazelle]

The apy is not locked in at the rate it was at when you staked. It is flexible.

[olive gust]

When I staked, it said it s 20,00%.. then now its 400% . The percentage is not based on when I staked it?

[topaz fossil]

No sir

[gloomy gazelle]

!yf

[olive gust]

aah ok.. so the final is 400%? will that still change?

[topaz fossil]

changes every second

[olive gust]

got it

[gloomy gazelle]

It changes based on total volume locked and the value of the rewards

https://www.youtube.com/watch?v=ClnnLI1SClA

[topaz fossil]

@gloomy gazelle know of a calculator someone put together for the flash pools? Debating....

I stopped being lazy

[gloomy gazelle]

Do you mean like (apy/26)*value staked

[topaz fossil]

basically that, but with a little more detail counting gas. I just did a rough napkin estimate and it looks like to make it worth while you would need to put in at least 4k

[gloomy gazelle]

Yes for flash and SLP pools. But not the the ILV only pool. (Since the price of the staked tokens and the rewards tokens are the same the apy is not affected by price swings)

If the staked tokens price go up more than ILV price goes up than the apy would go down.

[deep mantle]

I'm worried that If I stake now.. the price is gonna go down🥲

[gloomy gazelle]

ILV price? I mean it’s possible but this is a very decent dip. And it won’t last long I imagine.

!mc

[woven ibex]

Market cap is the total value of a project, calculated by multiplying token price and circulating supply. It is one of the best metrics for judging the value of a project, because token price alone does not take the existing amount of tokens into consideration. Great projects with a lesser amount of tokens often have a higher token price because of the token scarcity.

Always remember that market cap is a dynamic metric that changes every time the token price or the circulating supply of the token changes.

[deep mantle]

Yeah I hope the bull run continues till the game is launched

[gloomy gazelle]

Have you looked back at the price history of ILV from launch till now? All things considered It did fairly well in may and June.

[visual folio]

Token price has already mooned

[gloomy gazelle]

!mc Find a comparable project that actually has a game launched (if you can) and compare the market caps. I think this still has legs

[woven ibex]

Market cap is the total value of a project, calculated by multiplying token price and circulating supply. It is one of the best metrics for judging the value of a project, because token price alone does not take the existing amount of tokens into consideration. Great projects with a lesser amount of tokens often have a higher token price because of the token scarcity.

Always remember that market cap is a dynamic metric that changes every time the token price or the circulating supply of the token changes.

[gloomy gazelle]

Wait this is #🥩〕staking not #💰〕token

Take your price talk back to where it belongs. #💰〕token this channel is for helping people get staked

[icy ocean]

by the look of it some wales are simply selling of their tokens which they bought early,not a big deal

[gloomy gazelle]

https://tenor.com/view/go-back-shadow-gandalf-lord-of-the-rings-leave-gif-20535150

Metamask put out a new video when they updated the UI to match EIP-1559 https://youtu.be/gsfJywNxpi4

[surreal valley]

Ok please don’t judge I might sound like a newbie here. So what’s the order I need to stake? I just buy ILV on Sushiswap? Then where do I go to stake? Thanks!

[gloomy gazelle]

!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

[gloomy gazelle]

Hey you are fine. Everyone has a first time sometime. You at least seem to have read something

[surreal valley]

Thanks! Yeah I was reading some stuff and got a bit confused 😅

[gloomy gazelle]

The two links above are just what you need.

The second half of the video you may find useful at the stage I assume you are at

[surreal valley]

Thanks! In your personal opinion. Of course not finance advise but is staking locked worth it? Like are the rewards good?

[gloomy gazelle]

Lock for 12 months and get 2x the rewards.

If you have a significant amount to invest the SLP is the way to go. But it takes probably 3-4x the gas fees so there’s that to consider. Which is why SLP is for bigger bags.

[lofty forge]

If you go to the illuvium site, it shows $452,970,539 as global amount staked

but when I go to coinmarketcap, the total market value of ILV is only $294,386,939. How is that possible?

[mint cave]

it includes the value of the flash pool, and the ETH portion of the SLP

[lofty forge]

flash pool only 6m, SLP 150m (of which half is ILV), so the math still doesnt add up

[mint cave]

there's 288M of ILV locked into the single pool

the portion of that pool that are "rewards" are not counted as circulating supply

[lofty forge]

so after 1 year, then the rewards are considered circulating supply?

[mint cave]

yes

[lofty forge]

got it thanks

[lofty forge]

oh yeah one more thing, what do they mean by after ILV is vested, your rewards are compounded? Is it autostaked? Since they are vested, I'm assuming the ILV amount wont appear on my metamask so I wouldnt be able to stake it manually no?

[mint cave]

when you claim your rewards you are beginning the "vesting" period, while they unlock, they generate additional rewards for you. that's the "compounding"

[lofty forge]

how do they generate additional rewards

[mint cave]

so if you have 1 ILV pending, and you claim it, it goes into the ILV single pool at a weight of 2.0. it is the exact same thing as if you single staked 1 ILV for a whole year

[lofty forge]

So it is autostaked into the ILV single pool. Got it! So theoretically if I wanted sILV and make money, right now it's better to claim ILV to compound more rewards, then only when the game is launched should I start claiming sILV

[mint cave]

that's a common strategy for many, yeah

[lofty forge]

solid thanks, just gotta hope the gas fees are not insane, it hit like 300 gwei yesterday

[mint cave]

yeah gas fees hurt sometimes, just gotta wait longer in-between claims when they stay high for extended periods

[lofty forge]

sometimes all the time haha

[deep mantle]

We can't withdraw silv if we choose locked right?

[mint cave]

when you choose your staking rewards you choose between ILV or sILV

!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

[midnight lily]

so just to be clear... you have to pay a gas fee every time you want to claim rewards? and those rewards don't start compounding unless you claim them....? It's over $100 CAD just to claim my rewards right now....

[mint cave]

correct

just wait as long as you need to between claims for it to be worth it for you

[deep mantle]

So it's better to lock for 12 months🤷‍♂️

[midnight lily]

That really is disappointing. Cost over $250 in fees by the time I was actually able to stake, and then it costs over $100 in gas fees to be able to claim, so im guessing by the time I convert back into fiat, all said and done, it will be over $500....

[mint cave]

up to you, the longer you lock the more rewards you generate

[brisk surge]

Is it technically 2 years to actually get the tokens back? Say I lock for 1 year and then claim at the end of the year. Does it then go into the 12 month period?

[midnight lily]

y

[mint cave]

if you waited to claim for an entire year, yes

the locking period begins at the moment of claim

[midnight lily]

if you want to avoid paying $100 in gas fees every time you claim rewards, then yes its a 2 year process

[brisk surge]

Got ya thanx!

[midnight lily]

If you do the math it is kind of insane though. If the APY were to stay at 600% (which it obviously wont), it can really be a crazy amount depending on current prices and the amount you staked.

[brisk surge]

Except in 2 years we’ll probs be in a bear market so most likely price will be much lower 😆. All good though I got mine staked over a month ago, with the plan to claim at the end, but this extra 12 months were unexpected. Guess will just claim some sILV when the game launches cuzz it’s looking damn fine!!

[midnight lily]

Based on the current market cap and the limited supply, I wouldn't be surprised to see the value of ILV tokens rise quite a bit over an extended period of time. I imagine things will ramp up with the launch of the game and the economy within the game may provide some support if we do enter a bear market.

[queen horizon]

yeah until march we could see some crazy price explosion

[storm elm]

sheesh gas fee tilting me

[queen horizon]

yeah its been crazy the last couple of days

[still kindle]

GM to the best community

Quick question (Stormi ?!?!). If you add additional stake deposits to the SLP pool - do you have to stick with the original stake period, say 6 months, or can the further deposit be locked for a different period ?

[manic spindle]

Every stake you make is individually and you can decide locking periods for it or even have some locked with different timers and some flexible 🙂

[compact cipher]

hi guys, when does the compounding effect starts? sry new

[manic spindle]

!claim

[woven ibex]

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

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

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

[compact cipher]

- 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``` batch of ILV means the ILV i claimed right?

[manic spindle]

Yes

[wanton nova]

🎵 every stake you make every move you make I'll be watching you🎵

[still kindle]

Thanks as always Stormi. I have to say this is THE most flexible and advantageous staking I have ever known. Brilliantly thought out

[compact cipher]

so what's the difference if i wait for it pile up and claiming now? and what's in it for me if i claim ILV ASAP?

[manic spindle]

Unclaimed ILV does not compound and you'll have to wait longer for it become unlocked since the locking period is 12 months from the time of claiming

[wanton nova]

If you claim it now it starts compounding with the current Apy. If you claim it in 3 month the apy is most likely lower. It's up to you to decide when gas is worth it

[compact cipher]

so its better ot claim now right even if its not worth the gas? wdy guys think?

[still kindle]

Watch out for gas fees though mm69, they are brutal at the moment so its something of an equation to work out based in your overall values

[queen horizon]

yeah hope they go down soon

[still kindle]

Its impossible for someone to decide whether you should claim or not - its all to do with relative stake values

[compact cipher]

yea, its 85-100usd gas fee and rewards is $4 lol, thanks for the heads up

[still kindle]

In the extreme if you had staked 10,000 ILV then gas fees as a % of the reward are tiny. If you have staked 1 ILV then they are a big % of overall

[wanton nova]

Depends on your stake really. Look in the pinned massages. You can find calculators there to play with gas fees and claiming frequency. Frequency has a lower impact as I initially thought

[compact cipher]

thanks will check it out

[wanton nova]

If you only plan to claim every few weeks it's probably best to do so on Saturday or Sunday. Gas usually goes down to 20 - 25 gwei if you check frequently.

[wanton nova]

👍 but in the end its up to you and what you think how Apy and ilv price will change 🤷‍♂️

[compact cipher]

thanks guys, awesome community, so what's APY? APY right now is 82.19%

[wanton nova]

Annual percentage yield. Google it for a thorough explanation. But it means that if you stake 1 ilv and IF (!! It won't) APY stays like that during 1 year you'll get 0.82 ilv as reward

But Apy will decrease over time! The more people stake the less Apy will be and also the rewards decrease by 3% every two weeks

[compact cipher]

oh okay, so the 82% isn't fixed?

[wanton nova]

Correct. It's the apy base on 'current data' so to speak but with changing data Apy will change

[compact cipher]

thanks very much

[queen horizon]

It should be ok for the first year, but yeah obv decreasing

in 6 months RevDis should kick in also

[midnight lily]

How does the compounding work? Do your rewards only compound every time you claim them, or do claimed rewards compound on a regular basis on their own after claiming them?

[polar nest]

I’m planing to stake 1ilv but it says 120-130+ gwei even though gwei rn is 81

[manic spindle]

You need to claim your rewards as ILV in order to get a compounding effect 🙂

[midnight lily]

ok thank you, and for the SLP pool, is the APY strictly based on the amount of ILV tokens staked or does it also factor in the amount of ethereum? For example, APY right now for a 52 week period is at 600%. Is that 600% APY of the ILV tokens that were staked, or is it based on the dollar amount of ILV and ETH staked together.

[azure jewel]

Just waiting for gas to go back down to 30 before I stake -.-

[inner estuary]

Is the APY% for the SLP variable or fixed? I know the APY% drops each week, but does your APY% remain fixed at the value you begin staking at? Or does it drop in line with the listed APY%

[manic spindle]

APY remains dynamic. Time of staking or even locking has no impact on that 🙂

[inner estuary]

You’re across all the chat rooms! Thanks for clarifying mate

[long jackal]

Hi friends! Wondering if those of you who bought xyz for the flash pool are planning to keep it once the flash pool ends? How has this worked with the other flash pools? Mad rush to dump or do ya'll stick around? 🧐

[manic spindle]

!staking @lethal sky There =>

[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

[unique bear]

@long jackal I bought some XYZ and currently sat in the Flash pool. Xyz has gone down quite a bit since I purchased, so I'll probs hold until at least it gets up above what I purchased it for, otherwise I'll have to suck up a loss!
It's not a life changing amount for me, so I'll probs Hodl for a little while

[manic spindle]

@halcyon dust Staking serves two purposes:

1. Distribute Yield Farm rewards over three years (claimed as EITHER ILV or SILV)
2. Distribute Revenue in form of ILV from all sources the DAO generates revenue from (burnt sILV does NOT generate revenue)

When the three years of yield farming end, RevDis will remain

!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.

[halcyon dust]

Thanks so holding ILV 5 years you will still get revdis from DAO. Will this income the generates be for example people buying skins,shards and land?

[manic spindle]

Any revenue this DAO makes from any kind of sale, in-game (from ALL games developed), ... goes back 100% to stake holders unless a proposal is made and approved by the council to change that in some way.

[halcyon dust]

@manic spindle Thanks. I understand now. 3 year stakers get benefit of both your points this is like a reward for supporting the project early

[manic spindle]

Exactly 🙂

[old yarrow]

Hi all, is there any place that is tracking the stake APY of the 2 core pools over time that they could link me?

[brisk surge]

https://staking.illuvium.io/staking/core you just got to sign in with WalletConnect or MetaMask

[wraith charm]

I am not having luck claiming my staking rewards; are you guys?

[brisk surge]

Are you using the correct gas https://www.gasnow.org/ ?

[formal dew]

im trying to increase the amount of staking i do on LP so i have to claim the rewards first before staking again right

so now that i have chosen to claim my reward in ILV and its locked, can i proceed to withdraw my stake

[obsidian remnant]

Hey has anyone tried to stake on the sushi pool ?

[formal dew]

me

[brisk surge]

If it's flexible and not time-locked.

[obsidian remnant]

for some reason I couldn't because it says my balance is zero

[formal dew]

did u follow the instructions on the video

[manic spindle]

You don't need to withdraw your stake to put more into the LP pool (or in any pool for that matter). You can simply stake a new deposit (you will then be asked to claim rewards during that staking transaction) and this will give you a new staking batch within that pool. You can have as many individual stakes in the same pool as you like and they can all have different locking periods if you wanted to 🙂

[formal dew]

oh i see. i remember someone saying you need to claim reward i thought he meant need to claim the whole sum

[manic spindle]

No, you only need to claim the rewards that have piled up and are still unclaimed. This has nothing to do with the tokens you staked manually or claimed in the past already. It's also important to not claim manually under "Rewards" and then try to stake. This will only lead to you having a tiny tiny bit of new rewards piled up when staking. If you want to stake more, just choose the pool, click on "Stake", decide on whether or not to lock that stake and then you will be asked to claim your rewards within that same transaction 🙂

[hushed locust]

Thanks that was helpful… and I just have to say I giggle every time I look at my staking rewards. It’s 😊great

[wraith charm]

@brisk surge its telling me it will clost $93 to claim my ILV rewards? that seems high with current gas price? Am I missing something?

[tranquil depot]

GOOD EVENING, can someone tell me how top stake SiLP? Im now in liquidity pool but no Confirm Added Liquidity Button PLEASE HELP

[brisk surge]

You are interacting with the ILV/ETH or ILV only contract so it's more expensive then say your normal transaction, and overtime with the current staking the amount of money becomes more overtime. However this should become addressed with staking v2.

[brisk surge]

Have you watched the youtube video already https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s ?

[wraith charm]

@brisk surge I am interacting with the ILV/ETH contract; thanks! What is a rought estimate on staking 2.0?

[manic spindle]

!lp Watch the video Tony shared for step by step guidance 🙂 Also:

[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

[brisk surge]

Nothing has been confirmed yet but it's been talked around a little bit with bringing down these claiming fees and possibility more analytics on the dashboard.

[tranquil depot]

I already watched, sir . Im now have ILV tokens- Im here in sushi swap trying to Add Liquidity but the Confirm Added Liquidity is not here

[formal dew]

quick question, lets say i withdraw my SLP and want to swap it back to ether, how do i go about doing it

keeps prompting insufficient liquidity for this trade

[wraith charm]

@brisk surge thanks for help; ill just start claiming ILV everytime I get 3 ILV to make it more cost effective

[tranquil depot]

I did not acauire 50/50 will this still work?

[manic spindle]

You don't need just ILV, you need ILV/ETH. The video and the message above really says and shows everything there is to it. I don't know how it could be made more easy to follow, sorry. If there still is an issue this might be an issue on SushiSwaps side or you are not connected with your wallet on Sushi (or connected with the wrong network).

[tranquil depot]

thank you sir for the help I will look into it

[abstract crown]

You do need 50/50 to stake ILV/ETH

[abstract crown]

$160 to stake right now O_O

[nocturne monolith]

i’m confused, are you rewarded more for staking ILV or ILV/ETH?

[abstract crown]

ILV/ETH, you can tell by looking at the APY%. Being a LP has higher returns as it also has higher risk. (In the form of IL)

[nocturne monolith]

what is the increased risk??

[manic spindle]

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

[granite halo]

Can someone ELI5 what token weight really means?
The APY stays the same whether you lock or not right?

So how does the token weight change that? You aren't getting 2x APY right?

[manic spindle]

The APY shown when checking the Core Pool page is with a 2.0 token weight. Click on "Stake" on one pool and you see that it is half of that unless you lock for 52 weeks and get a token weight of 2.0 🙂

[granite halo]

Ahh got it, so token weight 2 does in fact affect APY

[drifting elbow]

I'm trying to understand this whole thing, can I connect my metaMask to sushiswap, then use ETH to buy ILV, and then directly from sushiswap (or when I buy stuff on sushiswap connected to metamask, things get sent to my meta??) use the ILV to stake on the ILV pool?

[cunning perch]

when you swap ETH with ILV, you then connect your wallet to the website and stake it there

[abstract crown]

After you purchase your ILV on SushiSwap, you will do that actual staking on Illuvium

[drifting elbow]

After purchasing my ILV on sushi, where does the ILV go to? is sushi also kinda of a wallet? or its already gonna be in my metamask?

[abstract crown]

It's in your MM wallet

[cunning perch]

Swapping is the first step in which you change your ETH to ILV, so it goes to your wallet. You need to add ILV manually to your wallet to be able to see it. Then you connect your wallet to ILV website and choose the pool you wanna stake in

[drifting elbow]

Thanks, do I pay gas when staking ILV, or only when claiming my stake + rewards back to MM?
Edit: found a youtube video step by step, Ill take a look into it, b4 spamming here.

[cunning perch]

Whatever transaction you make (staking/swapping/transferring, claiming, etc) you need to pay gas. yeah 🙂

[nocturne monolith]

Man this token could be crazy in 3-5 years

[cunning perch]

It'll be crazy and grow to be crazier and then transform to insane in years lol

[nocturne monolith]

I can’t see how a project like this would ever become useless or worthless

[cunning perch]

neither could we, but let's keep the complements in #💬〕general and price in #💰〕token 😄

[nocturne monolith]

sorry, just so excited haha

[drifting elbow]

Ok so, only my vested rewards are locked in for an extra 1 year, or my initial staked investmet is also vested for 1 year after I want to withdraw?

[cunning perch]

When you stake, you decide how long you wanna lock them. When you claim your rewards, They will be locked for one year in the vesting section and compound to your stake. You can withdraw anything that is unlocked after their locking period is over.

[drifting elbow]

I guess this means the later, say I stake 5 ILV for 6 months. When I withdraw I have 7.5... out of those 7.5 can I instantly get my 5 back (and the 2.5 stay vested) or the whole 7.5 stays vested for 1 year?

[gloomy gazelle]

You can only withdraw your initial deposit after a 6month lockup. The 2.5 of rewards will start their 12 month vesting countdown when you claim/vest them. Which could be sooner than when your initial deposit unlocks. Or later technically. When you claim/vest rewards is up to you. But you can only do that for what has been accrued so far.

!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

[gloomy gazelle]

https://youtu.be/C6YugU4zZr4 talks about claiming at 14:51

[drifting elbow]

I think I almost get it! sorry for asking so many questions, so lets say after 3 months of staking, I can start claiming part of the rewards (those are gonna be vested for 12 months), and also after 3 more months passes (to my total initial of 6) I can also claim the rest, or whenever I want.

[gloomy gazelle]

Yeah

[drifting elbow]

But everytime I claim, I have to pay a gas fee, so thats why its not worth to do it.

[gloomy gazelle]

If you decided NOT to withdraw your deposit after it unlocks then your deposit will keep earning more rewards until you withdraw it

[gloomy gazelle]

Yeah. Only claim when it’s worth it.

[drifting elbow]

Ok, but keeping the rewards there without start claiming/vested, makes them compound also?

[gloomy gazelle]

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

[gloomy gazelle]

No. Unclaimed/unvested rewards are not earning interest.

They must be claimed/vested. That single transaction adds them to the ILV only pool so the 12 month countdown begins and then they start earning interest as well

[spiral summit]

So you’re saying I shouldn’t claim anything until my stake is up?

Our rewards don’t go away or lose value over time?

[gloomy gazelle]

Not necessarily. Claim rewards when they can earn more rewards value than the cost of gas for transactions. So… some claim when they cost to claim is around 1% of the value of what they are claiming. Those are gonna be some big bags. It might be worth it even as high as 5% but it’s really impossible to know. Since you are saying my ILV value earned from claiming and staking these x amount of rewards in 12 months it is going to be worth more than the ETH I’m paying to do the transaction with.

[gloomy gazelle]

Rewards don’t go away. If you have 3 ILV in rewards that amount will not be reduced. Ever. Value in USD is not the same thing.

Whatever you do don’t claim when gwei is high.

15-30 gwei or lower if that is possible

[drifting elbow]

I'm almost ready to stake, not sure if I understand the IL loss though. so, if the pool is 50/50 in ETH and ILV, if either ILV or ETH starts to increase in value far more than the other, I slowly start losing some kind of money, instead of if I had just holded my initial ETH and ILV, is that it?
Cuz, I kinda expect ILV to increase in price far more than ETH does.

[next ruin]

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

[cedar swift]

What's the lockout period for unstaking?

[manic spindle]

What do you mean? You can withdraw any ILV staked that is unlocked under "Vesting" 🙂

[cedar swift]

I guess I'm referring to other staking protocols. If you unlock ILV, does it take a certain number of days before it is available?

[next ruin]

You can choose to lock your initial stake for up to a year - if you choose flexible, you can reclaim at any time, no wait.

[manic spindle]

If you claim ILV as rewards it takes 12 months vesting before they are unlocked. But anything that is unlocked can be withdrawn instantly via a regular ETH transaction

[cedar swift]

Alright, thanks

[regal marten]

Hi guys, just wanted to toss this in here : https://dune.xyz/xastor/Illuvium-Dash
It's still a work in progress, but it gives some insight into the current staking dynamics.

[eager rover]

This is really cool

[spiral summit]

Does it give you a 2nd accept screen to show the numbers when you hit claim, or once you hit claim that’s it

[gloomy gazelle]

Yeah it pulls up metamask to accept or reject or customize gas

Well that’s if you are using metamask.

[regal marten]

was toying around in dune seeing what's possible. quite a bit if you are persistent 🙂 tnx for the pin!

[wispy mason]

😆

[wraith charm]

Ugh I just claimed my rewards as silv and not ilv - epic fail lol

[gloomy gazelle]

well it’s ok but yeah if that was an accident it’d be annoying

[regal marten]

think : land sale 🙂

[tight oyster]

Hi, i have a question about METAMASK and ILV staked and blocked 52 weeks.
I have staked my ILV from Metamask to Illuvium pool.
i think my current Metamask is compromised, i want to create a new one for security.
Just to confirm, when my ILV will be free to withdraw in 1 year, i will have to use my first Metamask ? (i suppose it has to be the same adress from the first deposit to take back ILV and acces dashboard etc..)
Is there a way to transfert the ILV pool contract to a new Metamask? ( noob question)

[gloomy gazelle]

The staked ilv is linked to you current address and that cannot be changed.

[tight oyster]

ok thx pelican22 😉

[unreal storm]

Hey my ilv is in my coinbase wallet how can I move it some where i get to MetaMask? thx friends!! Srry I am at work lol thx again!!

[final steppe]

How did it get there to your Coinbase wallet? 🤔
Regardless, you have the option to send or transfer your ILV, you should be able to copy/paste your MetaMask address as the destination and it will send the ILV there 🙂

[unreal storm]

Ok I'm learning TEE HEE thx!! ttyl

Its because I didn't watch the video first, honestly. lol YOU LIVE YOU LEARN! Have a great day!

[final steppe]

Yes! We are all learning, always.
Have a great day as well 🙂

[proud merlin]

Trying to stake my ILV but it won’t approve my MetaMask wallet. It’s trying to stake the small amount of ETH I have instead.
ILV second down on the list, is this the problem?

[eager rover]

When you try to stake it will require gas, which is paid in ETH.

!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

[eager rover]

As of right now gas is extremely high, I suggest you wait for lower prices.

[proud merlin]

@eager rover Thanks, I’ll do that.

[bronze heart]

gas fees are insane right now

[clear cape]

wtf...440

[regal marten]

nft's are even worse than the whole foodcoin farming craze..

when gas is high I often check https://ultrasound.money, you can see most active projects in the last hour if you scroll down in the burn leaderboard. Apparently Art Blocks and Superbunnies are to blame! 🙂

[proud merlin]

$260 to stake 1.3 ILV, that’s ridiculous.

[median bluff]

I hear that. I was hoping to get my piddly .77 in, but now I'm just.. holding it

[midnight lily]

the cost of staking is the same regardless of how much you are staking, so you're better off staking a large lump sum one time as opposed to continuously trying to add additional small amounts. Ya it's a large fee up front, but if you do the math, the return is crazy right now when coupled with the possibility of price appreciation on the ILV tokens in the future. Also gas fees tend to be lower at certain times so try to look into when may be the best time for you to move things around.

Has anyone figured out a rewards claim schedule in regards to the best time to claim rewards for compounding in relation to average gas fees? I'd be very interested to see if anyone has come up with anything regarding this.

[exotic igloo]

Optimal for compounding with gas included runs very high gas costs

For example I would need to claim everyday and it would cost me like 150$ usd at 25 GWEI

Instead I claim once a week when gas is low enough.

[gloomy gazelle]

Whale problems…

https://tenor.com/view/illuvium-ilv-illuviumio-whale-yield-farm-gif-22293367

[abstract crown]

Someone sent me this. Pretty interesting tool https://cooper1903.shinyapps.io/stakingyield/

[brisk surge]

How great are the risks involved with smart contract hack in regards to slp. Like I can only remember a couple of big hacks like that last couple years…thinking of moving larger % into slp it’s just too juicy

[gloomy gazelle]

Seems extremely unlikely.

[crimson spindle]

If you have an iPhone make certain you have latest iOS version or metamask doesn’t work properly on Apple devices.

[brisk surge]

Agreed, already have half my crypto stack in the slp….I should prob just chill but my god the gains…

[gloomy gazelle]

The percentage in ILV for many of us is outrageous

[brisk surge]

Once in a lifetime

[gloomy gazelle]

Yeah maybe maybe.

[brisk surge]

Think I’ll wait till I recover my initial capital in like 95 days then go ALL IN

[gloomy gazelle]

We keep on the lookout though.

#795845536128303175

[brisk surge]

At that point it’s straight up fee money…I went from being BTC ETH maxi to straight degen ahaha

[ornate cypress]

Lmao same here

[brisk surge]

Free* like once you recover capital why not

[gloomy gazelle]

I’m at Over 90% illuvium.

[brisk surge]

Same all ILV except ETH in slp…full on believer can’t stop won’t stop

0 concerns about ILV just smart contract risk…I’ll stick to plan and wait till recover capital.

But agreed don’t think there is much of a risk at all, very safe

[ornate cypress]

What do you mean by smart contract risk

[brisk surge]

Someone hacking the liquidity contract on sushiswap…keep in mind I am a total idiot. I know the chances of this are extremely low. But it’s not as safe as just hodling in a hardware obviously

[midnight lily]

Amazing. This is exactly what I was looking for. Thank you.

[abstract crown]

No problem 🙂

[glass carbon]

this is true though good to always keep in mind every contract is not 100% safe. gotta have faith in the devs

[midnight lily]

One thing I wasn't aware of and don't fully understand, why is the APY of claimed rewards different than that of staked APY? How does the APY of the claimed rewards work?

[elder dawn]

The apy on your staked ILV depends on your lock period. The rewards are all at 2x weight and the max apy of the ilv pool

[brisk surge]

Oh totally I have faith considering going all in on slp ahaha

[midnight lily]

Ya that part I understand. But according to the tool that guy sent me earlier, the APY of claimed rewards can differ from the APY that is staked. I'm just wondering how the APY of the claimed rewards is calculated.

For example, when you claim rewards, does that lock in the APY of when those specific rewards were claimed, or are they fluid like the staked APY?

[wind walrus]

Fluid

[elder dawn]

Apy is never locked. The rewards are locked, so apy is a floating number based on number of tokens in the pool, their weight, and the ilv price

[abstract crown]

Yeah that tool has to make some assumptions as it can't know how the APY will change over time

[midnight lily]

Ah ok so is the APY of the ILV reward tokens the same as the APY of regularly staked ILV tokens, and not the same APY as the SLP?

[wind walrus]

I think it's taking the 3% Fortnite reduction with a 2% staking reduction into account.

[elder dawn]

My calculator is pinned as well, I think. I did an update this morning, so it predicts the potential decay in apy. I have a 3% volume increase in the ilv pool for now as all slp rewards end up there also

[clear cape]

yes it has been discussed a lot in here

[gilded wigeon]

Sorry to butt in guys - new to the community! Looking to stake $500 in ILV - thinking if going down the sLP route but unsure if the gas fees will just make it not worth it with that amount. Also worried about impermenant loss - predicting ILV will 5-10x over 1yr... and the effect that will have...What are your thoughts? Sorry if this is an overly basic question

[midnight lily]

Ok last question, is the APY based on the total dollar value put into the SLP (both ETH & ILV) or is it solely based on the amount of ILV tokens staked, and doesnt include the ETH value?

[clear cape]

based on the total dollar value

[elder dawn]

Gas will be the bigger enemy than IL for $500. It all depends on what you expect from ILV price on whether it's worth it. Check out the calculators pinned and try some scenarios. Fyi, gas for the SLP is around $100 to start and higher than ilv pool to claim

[midnight lily]

Awesome, thanks for getting me up to speed everyone. Inquisitive minds wanted to know.

[wanton nova]

Hey, I made the app you are talking about. When you stake your ilv in the ilv pool you can choose for how long you want to lock the ilv. Depending on the time your tokens get a weight between 1 and 2. The apy depends on that weight. If you claim your rewards they are always locked for 1 year and always have a weight of 2 and therefore the highest possible Apy

[clear cape]

Is the IL potential from SLP counteracted by the fact you will most likely make up the ILV tokens you chose to convert into ETH within about 3-4 weeks?

[lofty forge]

Hey after I staked my SLPs on illuvium site, why doesn’t it show under my managed liquidity pool in sushiswap? (My eth/ilv pair I mean)

[midnight lily]

Amazing tool, Thank you for that.

[wanton nova]

You are welcome. Make sure to check out the pinned Google doc tool. It let's you play around with even more variables

[elder dawn]

That's a good point! My ilv calculator doesnt accommodate a different staking and reward apy yet. I'll get that in. Apologies.

[elder dawn]

You're staking with Illuvium and not Sushi. It shows on the illuvium dashboard

[gloomy gazelle]

Not sure what tool that is. But I’d assume the problem is that sushi doesn’t see your SLP in your wallet or staked in their protocol.

[lofty forge]

So I won’t get the transaction fees from the pool?

[gloomy gazelle]

Incorrect. The fees get put into the Liquidity pool as ETH and ILV

It’s already there. Just harder to calculate I guess.

[lofty forge]

ae as in if I stake on illivium.io I won’t get the fees from the pool from sushiswap correct? It’s one or the other?

[elder dawn]

You get the pool fees. They get automatically added with ILV/ETH pair price. Farming rewards come from Illuvium. Every sushi transaction just keeps 0.25% and adds to the pool, which you own a percentage of

[lofty forge]

So I get both the staking rewards AND the pool fees?

[wanton nova]

So when do we get the sushi rewards? When unpairing the slp on sushi?

As in never because ilv is life and we'll be staked forever 😂

[wind walrus]

Yep want that 2x weight

[elder dawn]

Yes, they are just adding to the value of the SLP.It's small, but its there. If you want to know how much you're getting per day, figure out your percentage of pool (your value of slp divided by total pool value), then multiply that by daily trade volume times 0.25%. Its not much, but its something.

You dont get sushi, just more value in the ILV/ETH pool

[wanton nova]

OK thanks. Guess we are all in for the long run so 'not much' will add up

[elder dawn]

I'm definitely not turning it down. And just think how much your share is when the vault buys $100million after the land sales.🤯

[wanton nova]

And later all the revenue...

[short turret]

With staking in the ILV/ETH pool, when rewards are claimed do you receive ILV and ETH rewards

[noble bridge]

Ya that part I understand. But according to the tool that guy sent me earlier, the APY of claimed rewards can differ from the APY that is staked. I'm just wondering how the APY of the claimed rewards is calculated.
For example, when you claim rewards, does that lock in the APY of when those specific rewards were claimed, or are they fluid like the staked APY?

[short turret]

Or just ILV and you deal with the impermanent loss of the ETH as ILV appreciates faster than ETH over the next year

[noble bridge]

I had the same question is this guy, when you claim your reward i get that they get weight of 2.0 but what is the compounding apy they get is it the same as the staked slp or is it close to the pooled ilv staked ?

[noble bridge]

just ilv and you deal with IL

[wanton nova]

Daily volume can be found here, right? https://analytics.sushi.com/pairs/0x6a091a3406e0073c3cd6340122143009adac0eda

[noble bridge]

I am guessing its closer to the 82% of the pooled ilv since the reward is in ILV even if you were staked in the slp pool

[elder dawn]

Correct

[wanton nova]

Apy of claimed ilv is fluid like all apys. What is special about claimed ilv is that the are locked for 1year and have a token weight of 2 = highest possible apy

[elder dawn]

Your staked slp will earn at the SLP pool rate. All ckaimed rewards earn the max ILV pool APY, currently the 82%

[short turret]

What is someone with 5 ILV / equivalent ETH in the ILV/ETH pool currently pulling per day rn at the 600% APY

[noble bridge]

well that depends if the 2.0 weight is being calculated based off the APY of staked slp or apy of the ilv pool if its the highest apy

[noble bridge]

this is what i wanted to make sure about ty

[wanton nova]

The claimed ilv are 'just' ilv. And not slp. Therefore it's Apy of ilv pool

[gloomy gazelle]

Rewards are ILV only do they go into the ILV only pool

[noble bridge]

that what i figured just wanted confirmation.

[gloomy gazelle]

Lol @wanton nova we said the same thing a couple different ways

Dang I should get back to working

[elder dawn]

By my math, $77 or about 0.167 ILV per day. (5 ILV + equal ETH = $4610 times 610%, divided by 365 days)

[noble bridge]

so when price of ilv goes up the APY should go up in slp i assume, the other values that affect apy are what amount of people who are currently staked(ie if more people stake the apy goes down), and of course every 2 weeks the 2 percent drop are there any other factors affecting the apy of the slp

[elder dawn]

Exactly. The other factor is the weight/lock up time that people are staked at, and one more thing, every two weeks rewards drop 3%

[elder dawn]

Over rated. I'm killing time at an airport. But it looks like I'm working.

[noble bridge]

any other factors?

and do we have any idea how much like someone buying into slp pool affects apy, because i noticed big drop that i am attributing to fall in price over the last few days

[elder dawn]

You got them. Fortnightly rewards, number of people in pool, weight of tokens in pool, and the ILV price

[elder dawn]

See ILV price the past few days. You can track number of SLP by dividing the pool total value by the SLP price. You just can't see staking weight. Sushi analytics shows the transactions adding and removing liquidity if you really want to dig in.

[inner spindle]

Is the estimated APY of a staking pool the estimate of rev dis, or are they totally separate?

[mint cave]

totally separate. the APY is for yield farming rewards

[elder dawn]

Totally separate. No basis for comparison to know what rev dis will be yet

[noble bridge]

and so i was considering on making another staking slp good until February where i assume possible dilution begins to come in march if people withdraw ilv up to 200k per month

however now i see you lose a ton of APY because its not just the APY going from like 620 to 450 for the reduced duration the rewards only get 82 percent so you like double losing kinda

[gloomy gazelle]

Isn’t it SLP price too? Which is a combination of ETH/ILV prices.

[inner spindle]

Thanks! So rev dis will be given on top of the APY

[elder dawn]

To me, that's where rev dis comes in. Will it balance any selling pressure from unlock with vault purchase?

[mint cave]

yup

[clear cape]

airport? meanwhile im in sydney with a fuckin curfew lockdown lol

[elder dawn]

D'oh! Yes, I missed one. ETH price plays into it.

[noble bridge]

where do i see the slp price

[clear cape]

divide ur USD value by number of slp

[noble bridge]

like i divide slp price by $154,038,899.02

[clear cape]

if u have 50k worth of usd value in slp pool and 10 slp, then slp = 5k

[noble bridge]

oh duh haha didnt look at that it gives u the value:P

[elder dawn]

Well, off topic but yes, traveling for work, but now forced home due to someone getting the rona where I was supposed to be working. The US is completely different countries in places regarding safety. But I digress.

[inner spindle]

If I leave my tokens that are staked for 12 months, would I continue to get the same APY after the 12 months are up? In months 13, 14, ect.

[gloomy gazelle]

!contract

[woven ibex]

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

[elder dawn]

APY constantly changes (see factors I shared about 15 minutes ago). Rewards continue for 3 years, but decrease by 3% every two weeks. You keep earning at the same pool weight until you withdraw

[gloomy gazelle]

Look up the SLP contract info on etherscan or something.

[noble bridge]

i really hope ilv price drops so i can buy more by the time my funds clear from coinbase

my cost average is pretty high like 500ish

[noble bridge]

when you say track number of slp do you mean as surogate/function of number of people in pool that could be affecting the APY

[clear cape]

why is it taking so long?

[noble bridge]

takes like 4-5 days or something stupid for transfer from bank account

[clear cape]

lol when u always do crypto changes then u go back into irl banks, the fucking waiting times make u want to kys

[noble bridge]

to coinbase before you can transfer the ether

[elder dawn]

Yeah, the number of slp in the pool let's you know pretty quickly how its trending, if more people are joining or leaving. It's mostly joining

[noble bridge]

i mean how could they leave they are staked

i guess if they flexible staked makes sense but majority prob arnt

[clear cape]

yeah people who arent locked in as long or flexible

[elder dawn]

Judging reward distribution, not everyone is staked at 2x weight, so definitely possible some can leave.

[noble bridge]

but staking only just began like what 2 or so months ago and if you greedy enough for slp u prob staking for longer

[clear cape]

I think by december apy is gonna go down to like 200-300%

[clear cape]

yup

[noble bridge]

its really hard to quantify since we dont know the effect of people joining directly has on APY

[clear cape]

Yeah of course it was a random as fuck number. until now, i think apy has been a lot more dependant on SLP price movement it seems

which makes me think if ilv moons, maybe its possible we have a 700-800% apy for a few days lol

[glad sleet]

Can someone shoot me the core ILV only pool APY real quick?

[manic spindle]

81.74% at 52 weeks lock with 2.0 token weight 🙂

[glad sleet]

Thank you! 💜

[wanton nova]

https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda

[brisk surge]

Yes please

[bronze heart]

whats the avg gas cost of claiming rewards right now

SLP rewards

[wanton nova]

Very cool thanks for sharing. How did you - or dune.xyz - get data on the token weight? And does anyone have an idea why so many slp tokens are locked for 364 days? What might be the rationale behind it?

[elder dawn]

Right now? Ridiculous. Literally hundreds of dollars. Gas very high at the moment. Dont have the exact number but I would advise you wait

[bronze heart]

👍

[tulip rose]

Hi anybody know what factors affect apy?

[elder dawn]

Reward ilv available (decreases fortnightly by 3%), ilv price, number of tokens in the pools, weight of the tokens, and for the slp, the eth/ilv token price

[tulip rose]

Ty

[maiden crypt]

If i lock my staking for 4 weeks, will it unstake after 4 weeks or is it just able to unsake if i want?

[gloomy gazelle]

You will then be able to unstake when you want

if you leave it in it will remain weighted as is was when initially staked

[brisk surge]

Claiming from SLP costs $440 right now. Edit: Oh, now 340. Funny what a couple seconds can do

[copper locust]

Anyone know how come the SUSHI LP staking https://staking.illuvium.io/staking/0x8B4d8443a0229349A9892D4F7CbE89eF5f843F72/analytics here seems way higher than the one I see on the sushiswap site? WAnt to check the Pool APY number of 600% is correct as it seems high

[mint cave]

because by staking the SLP you get paid rewards in ILV/sILV

!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

[mint cave]

i imagine whatever you're seeing on the sushiswap site is just the APY from the 0.25% LP fee

[copper locust]

Thanks so I guess the 600% APY also factors in the ILV appreciation lately?

[mint cave]

yes

[copper locust]

Ahhh, is there somewhere that shows the formula used to calculate the APY numbers? Cause I guess it really depends how you factor in price appreciation since i'm wonder whether I want to stake some into the SLP or just leave my ILV in the ILV staking pool

[mint cave]

it's just based on the SLP token value iirc

[copper locust]

Got it thanks

[old yarrow]

This is just the current APY. How can I see movement over time of the staking APY? Like a trend?

[gloomy gazelle]

I’m not sure that data gas been compiled anywhere.

[brisk vector]

For revdis, thats in perpetuity right? It's just the ILV gained from staking APY that cuts off after 3 years?

[wanton rose]

How come the vault (once launched) uses the Uniswap pool to buyback ILV? And not the SushiSwap pool which incentivizes LPs?

[mint cave]

not sure where you read that, it will be buying from the sushiswap pool

[wanton rose]

It’s in 9. Tokenomics, probably will need an update. Okay. Bye jeff.

[uneven flare]

Hello guys, I was wondering, what after 2023/2025? What happens next? Will there be no staking options? And if so, what will be the mechanism to distribute profits

[mint cave]

oooo, yeah we need to update that article with a few things

[wanton rose]

oh with a few things? what do i need to know

[mint cave]

yield farming isn't 4 million tokens, it's 3 million. the missing 1 million is now in-game rewards

[brisk vector]

Curious about this as well. Asked in general

[mint cave]

it's correct farther down the article, but the first image shows 4 million

[mint cave]

you can still stake, there will just be no yield farming rewards

[brisk vector]

Which also means no lock period for staked ILV? Essentially any holder should always be staked unless they're selling?

[mint cave]

you would still lock to increase your token weight, thus your proportion of revenue distribution

[brisk vector]

Ahh token weight isn't just for APY, it also applies to revdis?

[mint cave]

correct

[gloomy gazelle]

I know right?!?!

[glossy dirge]

so i understand that after you claim your rewards, it will be vested for a year. After a year, when I get those rewards, do i need to pay fees?

[brisk vector]

So when forecasting out, the formula isn't actually expected revenue / ~ 10 million, it could be up to / ~20 million

[gloomy gazelle]

I wouldn’t do that math that way. But I guess it could work if done correctly

[gloomy gazelle]

Yes you would pay tx costs to withdraw them

[glossy dirge]

oh god! i have multiple claims that are less than 0.1 ilv because I was adding ilv in the stake pool and it forced me to claim. F

I wish there will be an option to withdraw all rewards in one go.

[gloomy gazelle]

Yeah… hopefully the team works something out

[brisk vector]

How else would you do it to get an estimate on a revdis range? Is there a better way?

[gloomy gazelle]

If you ilv is locked at 2x weight you’d count for double the revdis too. So it balances back to 10mil max. But there has already been thousands of sILV claimed so there can’t be 10mill ilv. Each sILV is one less ILV

[cunning ruin]

i thought you only need to staked it whether fleixible/locked since the only factor is the amount you staked? so we need to maximize our lock period to also get maximum revdis too?

[regal marten]

Hi! I basically look at the stake calls, where the parameter "_lockUntil" tells me the lock duration. Dune has a mechanism where they "decode" calls and events from different contracts. They have a service where you can ask them to decode a specific contract (someone else already did that before me).

On the 364 days, I understand why. I've been wanting to do the same, but then decided not to. I think they assume a lot of people lock up for 365 days and they want to sell before them.

[pure eagle]

Hi everyone got a question, when I stake in the LP, how often are the rewards for it given? daily, weekly?

[unique bear]

Hey all, does anyone know whether you can claim all of your staked ILV in one go if you wait until multiple claims unlock?
E.g. If I claimed rewards on a monthly basis, and they are all staked for 12 months, the first batch will unlock in 12 months from that date, but if I wait say 18 months, can I claim the 6 monthly batches that will have all unlocked by that stage and have it all under one Gas transaction to release?

@pure eagle in my experience they update extremely often. Possibly minutes if not seconds per day

[misty prairie]

hey guys, have the gas fees for staking always been $120+ just to get your tokens in?

[visual folio]

When activity is high yes

[pure eagle]

Thanks a lot

[lilac coyote]

Sushi swap LP fees: are they accrued in the staking pool?

[bronze heart]

If I have multiple SLP Stakes and claim rewards, do I have to claim the individually or does it claim all of them at once

[unreal storm]

can someone help me figure out the amount of ILV that I need to take out of my token to equal 11 dollars for gas fee? lol

I am trying to stake and I am right at the end... but I cannot do mafs easy

[clear cape]

do about 0.03 my kitten

[unreal storm]

Oooo thank you so much!! So I minus that out of the amount I am staking? To cover gas fees?

[clear cape]

ur gas fee is only 11 usd ?

[unreal storm]

that's what it says

[clear cape]

i personally always leave about 0.10 eth in my account to cover for gases etc tbh so i dont wanna give u the wrong info and make u need to make another transaction to cover for gas so ill let someone else answer..

[clear cape]

can u show me a screenshot of ur screen to show me where u r up to in the staking part

[unreal storm]

oh ok I can move some ETH around thank you so much.

[clear cape]

always get a bit of extra eth so u dont need to worry too much about the math or if the gas prices go up a bit more slightly 🙂

[unreal storm]

Oh ok thank you so so much!!!

[clear cape]

can u do me a favour and tell me how much flexible staking APY is atm for the ILV pool ? and how much it is if u lock in for 2 weeks

[left wharf]

Yeah, this year I had a transaction where I payed $120 for gas 😡
But it was urgent, so I was happy that I had the ETH in my wallet to make that transaction.

[unreal storm]

ooooh it was 100 bucks once I tried to approved. K need to move more money around LOL I am almost there!!!! hahaha

[clear cape]

ILV pool or SLP?

[unreal storm]

ILV is what I am locking in should I do the 52 weeks or is that to long?

[clear cape]

That's really up to you. if you need the funds before then, you might want to do it lower. or if you are worried that ilv might crash in price due to a potential bear market etc

[unreal storm]

I am gonna set it and forget it just like my Instapot Air Fryer Rotisserie. Bwahahaha!

[clear cape]

Yeah then probably lock it in for a yr

[unreal storm]

Thank you so much all your help everyone!!! I love you! ❤️ Abundance for ALL!

[swift spindle]

holy crap gas fees are so expensive right now.. trying to buy some ILV and stake but not even worth it unless I was doing wayyy more money

[clear cape]

u think the fees are bad now lol, this is the lowest i seen in hours

[lunar marlin]

$120 gas DUDE 😮

[swift spindle]

My god, any advice on days/times that are typically lower? I really want to get into this project

[clear cape]

Weekends generally, last few days its been crazy due to nfts

[exotic igloo]

@ancient tundra

@swift spindle

[swift spindle]

Cool, thank you 🙂

[visual folio]

Is 100 ilv staking enough for life changing wealth?

[clear cape]

lol what r u doing rah

[exotic igloo]

Change your name right now or face immediate ban.

No one answer his dm

[swift spindle]

Me? Noticed it was a trend in the names on the right so changed it

[exotic igloo]

Its not a trend

It means you work for Illuvium

Which you dont

[swift spindle]

Thank you for the kind explanation lmao

& it's what I saw in all the names on the right when I scrolled down a bit so figured everyone did it. Really could've just said something nicely lol

[exotic igloo]

With the amount of scammers we face these days we have 0 tolerance. Since you are new it is really a danger zone.

The bot didnt ban you instanly so we will have some questions on how you achieved that.

[swift spindle]

cool man still could've had some empathy but I understand your position.

Literally just right-clicked my name and did change nickname..

[umbral crane]

too risky to have empathy bro, people losin lots of money in scams

[exotic igloo]

I did, I talked to you hahah could have just insta ban on sight. We have community members getting scammed letf and right by people saying they are from the team.

No harm no foul thanks

[swift spindle]

Is the gas tracker on the right of the disc how much it would be to stake ILV right now?

[umbral crane]

how many times do you have to pay gas fees in the whole process of sending to metamask, buying ILV then staking

[jagged spindle]

@swift spindle no…

[noble bridge]

damnit i need the price to crash so i can stake more by the time my bank funds are transferable from coinbase

[swift spindle]

Okay, so could you clarify then please?

[jagged spindle]

It’s the different kinds of “speeds” and how much they are right now

[swift spindle]

Yeah, I understand that for the fast, medium, slow. But is that the gas fee that would then be paid when staking into the pools? Or is there not a gas fee for staking?

[left wharf]

Assuming you have a ETH wallet (with Ether in it)

SLP Staking:

1. Get ILV from Sushi
2. Provide Liquidity on Sushi
3. Stake to ILV platform
   4 (many times): Claim your stakes
   5 (many times): Claim your vesting
4. Retrieve Liquidity from Sushi

So it is 6 times plus that you have to pay gas for the SLP

[umbral crane]

steps 4-6 are in the future tho right? only 3 times to get started?

[left wharf]

ILV staking:

1. Buy from Sushi
2. Stake on platform.
   many times: claim reward
   many times: claim vesting

[umbral crane]

my bad whats SLP?

[left wharf]

correct.
Not sure if you have to sign something on the platforms. I had two additional steps which cost only ca. 1/6 of the transaction gas fee.

[left wharf]

Sushi Liquidity providing.
If you provide ILV/ETH liquidity to sushi, you get some tokens (SLPs). Then you can stake those on the ILV platform.

Please DYR: Liq. providing takes some additional risks as impermanent loss.

[gaunt marlin]

When you go to stake more ILV, and it asks you to first claim your rewards, do you have to pay the gas fee for both claiming rewards and staking the new amount?

[umbral crane]

yeah so liquidity providiing higher risk higher reward, staking more safe but both take a year to get your rewards?

[icy ocean]

I am quite sure somone posted way to claim both at the same time

[left wharf]

No...
By claiming the rewards, the rewarded amount is automatically staked in a locked period for one year.

[left wharf]

Both take one year to claim rewards. I wouldn't say that SLP has higher rewards. By now yes, but that's not in the code. Theoretically, there could be times where the ILV staking has a higher APY than SLP staking, but veeery unlikely

[gaunt marlin]

I understand that they automatically vest for an additional year. But after claiming the rewards (and having them vest), is there a second fee associated with adding the new staked amount..
For example:
$1000 already vesting, want to stake an additional 1000$.

1. gas fee for claiming rewards
2. gas fee for staking new $1000?

[left wharf]

Ahhh no

[exotic igloo]

• approving tokens on Illuvium and sushi

[left wharf]

But claiming your vesting costs gas (99.99% sure) after a year of lock

[exotic igloo]

There is a pinned video tutorial guys if you are not sure of the process

You can watch me do it

[silver sky]

When I go to staking page on ILV website for the first time, shouldn't it prompt me to approve staking for wallet? When I try the Sushi LP, nothing pops up and my balance is not visible

[icy ocean]

It should ask to connect wallet

[silver sky]

It is connected

And if I try the Ilv only staking it does prompt me, but not on SLP

[high sierra]

hello guys, sorry to ask. I got small amount of ILV. Should I stake it on ILV only or ILV/ETH? just small amount of 3 hehe

[exotic igloo]

Do you have SLP?

[exotic igloo]

ILV only. The fees of SLP will eat your balance in no time.

[noble bridge]

anyone figure a good way of calculating number of coins staked besides looking at the TVL

[noble bridge]

thats you in the video kudos my man

[umbral crane]

does anyone have a good argument as to why staking is better then providing liquidity?

[exotic igloo]

Thanks ser

[noble bridge]

compounding.....high APY

[exotic igloo]

You can stake while providing liquidity

You stake the SLP token in that situation

[noble bridge]

might want to rephrase your question are you talking about staking locked vs flexible?

[silver sky]

I do not have SLP yet, I do have ILV and ETH and want to stake in the Sushi LP. My wallet is connected but I do not see the balance

[umbral crane]

damn i didnt kno tht. is thati n the tutorial? im jus trying to find th ebest way to go about things. One way you match eth same amount the other is just ILV. not sure which to do

[noble bridge]

ie staking locked you lose liquidity vs flexible you have liquidity

[umbral crane]

i thought both are locked? both as in when you stake vs when you provide liquidity

[noble bridge]

alot of factors, size of investment, fees from gas, long term goals vs short term goals, do you believe in the project, or do you believe in token/short term hype, your thoughts on where ether vs ilv token will go for IL

[clear cape]

Eide quick Q, i want to flip ILV for the upcoming trailer about 3.5k worth. Should i just hold or flexi stake for 2 weeks / lock for 2 weeks? I dont have access to APY numbers for the ILV core pool

[exotic igloo]

You have to get the SLP token from providing liquidity on sushiswap

Look at the pinned video tutorial

[exotic igloo]

You decide if you lock or not your deposit. The rewards you get are ILV tokens and are locked 12 months in the ILV pool once you claim them.

[umbral crane]

i was planning on locking for 12 weeks. my understanding was i could stake or provide liquidity, prividing liquidity gives you higher apy but riskier. i know in both cases your rewards are lcoked for 12 months

[noble bridge]

first do we have confirmed release date, ie how sure are you on your timeline. If known release date you would have to be very price sensitive to gas prices given the short amount of time assuming you get like 340% its little less than 1 % a day so like 14% apy but double gas fee

[clear cape]

I believe the trailer will be out before 10th September

[umbral crane]

im jus wondering why would you do one over the other? stake vs provide liquidity when in both cases your locked for 12 weeeks and then rewards for a year but providing liquidity is jus riskier but higher reward. is that the only different higher risk higher reward?

[noble bridge]

if your unsure on timing prob dont lock

[noble bridge]

if your unsure on timing prob dont lock

[clear cape]

Ah i get what you mean now. I suggested 2 week lock because i think price after trailer will not fall until a week or 2 till after it happens.

But my main issue is if the APY generated will outweigh the gas fees associated with staking, that's all

[noble bridge]

roughly 490 dollars in ilv not exactly because i think the apy figure takes into account compounding which you wouldnt really be doing since your collecting rewards

[umbral crane]

if u collect all ur rewards at once arent the gas fees pretty negligible

[clear cape]

naw my scenario is a lot different to what u r imagining rn.

[clear cape]

490 dollars through staking 3.5k worth of ILV at flexible is what i would get, is what you are saying? fuck lemme move to dms so we dont have a 30 second count down too lol

[noble bridge]

so lets assume 340 percent slp staked vs 80 percent ilv staked. Assuming 1 percent roughly a day at 340 apy, that nets you 490 vs .25% percent a day, yields you 122.50

now subtract double gas fees

[clear cape]

Is APY 80% on flexible ILV pool ?

[noble bridge]

and also if you are in slp and ilv rockets before you go liquid you risk impermeable loss on top

actually i am sorry that figure is wrong its probably closer to like 46 i have to check it on website

[clear cape]

Yeah no i definitely wasnt considering SLP pool because that would defeat the purpose of my flip

My q was more Hold vs flexible iLV pool, but if the rewards from that will outweigh the gas associated with it

[noble bridge]

i mean its very little difference for 2 week period for ILV pool

[clear cape]

Yeah makes sense. Just gonna hold this shit in that case. i wasnt sure since i didnt know the apy associated with that pool

[noble bridge]

oh i misunderstood question, you were comparing flex ilv pool vs just holding ilv token

i would prob just hold token the apy is to low to justify gas price most likely

your daily interest rate is like .115

so if multiple by that by 14 thats the lost apy interest prob not worth the gas

[meager prairie]

@clear cape. @noble bridge. Please don't switch to dm. I'm learning from your conversations. Pain to wait 30 secs. But super helpful for me. Thank you for both of your insights

[swift spindle]

Same

[clear cape]

No worries, cheers for letting us know guys. i forget lots of people read convos here

Regarding why i would choose ILV pool over SPL pool if i wanted to hold in the short term to clarify to you guys, is because SLP pool is 50/50 ethereum and ILV.

If i wanted to hold short term and make the most of the gameplay trailer mooning, it would make sense to hold 100% ILV. Because if i did SLP, 50% of my ethereum will not move and i will be suffering impermanent loss.

[noble bridge]

haha I constantly throw out ideas just get to other peoples insight

[clear cape]

lol see u all the time asking that fucking dilution question of yours 🤣

[noble bridge]

i am trying to gage if people have considered it enough to affect there staking, if they have it means i have to consider it as they might sell there initial investment and bring the token price down

but it seems like so far most have ignored it or not considered it

[clear cape]

That's fair, but remember the unlocking is going to be for seed investors, not really the people who are staked in right now. thts why

[meager prairie]

Yeah... I'm loving these thoughts!!!

[noble bridge]

yes but if people fear it....they change there stake pattern so there initial investment now becomes extra coin that can go to supply if they are spooked by it, which will drive down price

it spooked me enough to divide my staking, well that in the fact there is high chance of parabolic run which slp will miss out on if everyone staked and there is so little of supply especially pre-dilution and post demo/landsale/possible beta/hype

[clear cape]

I agree, i did mention that i believe there is a good chance of a dip in price due to the FUD around it. however i believe the added supply into ilv will be matched or exceeded by the demand for the token by then.

that being said, that is extremely dependant on the game being up and running good by then.

those are the risks you choose if you lock in 12 months for extra rewards. i know you arent as convinced in the game like i am eide, so it would make sense for u to have some staking unlocked in feb

[exotic igloo]

Or considered it non important cause of RevDis and a longer timeframe vision of like 5 to 10 years. Amount of token > token price and realized gainz.

[noble bridge]

yeah but imagine, we all keep staking supply into slp this causes run on supply pool->ILV could easily go lets say to 5k because APY is attractive, and demo/beta/hype or lets just say land sale alone goes for 100 million plus which leads to attractive dividends. If we are staked in SLP we lose not only liquidity but we get boned by the difference in price between ether and slv on top of the price by the time our staking is vested the supply of tokens increases substantially

[exotic igloo]

I wouldnt call 500 a ceiling that quickly ser hahaha

[clear cape]

Why waste claiming sILV over ILV? unless u didnt have the spare fiat

[noble bridge]

you have no idea what land prices will be, but we thank you for the dividends

[noble bridge]

the benefit for claiming sILV is its usuable now and you could possibly by in game item that could 100x

or possibly land which would yield constant dividend thats much higher than ilv distribution