🥩〕staking

[silk lance]

@woven ibex there there Bot Buddy, I appriciate you...

[foggy bane]

oh wow.. I am having dilemma now whether I should just buy ilv and hodl until they launch the new version in which can save alot of gas fee.
do correct me if I am wrong about the new version thing,I don't know what it call

[cunning forum]

Eth 2.0?

[foggy bane]

yes I believe is that

[lilac coyote]

Staking V2 not eth2.0

[gloomy gazelle]

Oh. If you want to save gas just don’t claim your rewards. The initial staking process is not too bad. It’s the claiming to compound the interest that gets ya.

[silk lance]

Ya'll think 10k on ILV staked for 52 months would be worth it?

[gloomy gazelle]

https://tenor.com/view/lock-it-up-gif-10713574

[silk lance]

Its my whole portfolio

[steady trellis]

52 months ? You mean weeks no ?

[silk lance]

Yea weeks

[lilac coyote]

4.5 year diamond hands

[foggy bane]

thanks for the clarification

[gloomy gazelle]

So has there been an AMA that mentions reduction of gas fees with V2 staking?

[silk lance]

20 ILV worth of rev D rewards seems so small :( I guess its because they pay out in ILV that it will be worth it?

[gloomy gazelle]

I love the idea but not sure it’s gonna get implemented

[gloomy gazelle]

!bliz it’s hard to know what rev dis will look like eventually

[woven ibex]

In 2020 Activision Blizzard's annual revenue was 8,000,000,000.00 USD. At the time of writing this, their Market Cap is 73 Billion With a small dividend yield of 0.50 percent. When a gamer holding ILV buys something in game, they know it goes back into buying more ILV VIA the vault. At the time of writing this ILV's Market Cap is only 45,000,000 USD. You can enjoy getting in before more whales migrate to our ocean.

[lilac coyote]

I thought the idea was to allow claiming SLP rewards but not solo rewards (is separate claims) to reduce gas.

[gloomy gazelle]

Problem with that is then it’s gonna be hard to calculate how much the vesting rewards are earning. #🥩〕staking message

[lilac coyote]

Makes sense now, thanks

[dim moss]

A single coin that is highly speculative is just gambling.

It depends on how old you are and your risk tolerance. Read more about portfolio allocations.

[gloomy gazelle]

Fair. Like investing in Tesla before it was selling cars.

[dim moss]

For every tesla there’s hundred of companies not making it.

[gloomy gazelle]

Yes. But you will need to claim your currently unclaimed rewards as part of the deposit process

[gloomy gazelle]

Exactly. Of course. Let’s keep long threads of this kind of discussion in #💰〕token

[red echo]

is it normal more than 2 hours for aprove the staking?

[terse tangle]

If you chose slow or less gas yeah could be. I reduced a lot the gas some days ago and it took like 6h

[final steppe]

Yep, this is normal! The ILV you staked are now tied to the smart contract address for the staking protocol, but still linked to your MetaMask address so you can vote in the elections as well

Ah, sorry! Yeah, so any claim you do whether it be for ILV or sILV will require you to pay a gas fee. The act of staking additional tokens will also automatically require you to claim any pending rewards that have accumulated, so really no avoiding that gas fee 😅 Just need to try and claim/stake when traffic is low, you have enough rewards to make the claim worth it, and minimize the gas costs!

No prob! Yessss, definitely excited! Glad you’re able to be here with us 😎👍

[unique fossil]

gas is cheap today. Been waiting like 5 days to claim my staking rewards so I can add to my position

[ripe steppe]

The best way to do it is, dont withdraw your rewards, just stake what you want to stake and it automatically withdraws your rewards (and gives u option if in ILV or sILV u want the rewards). Staking automatically adds the extra gas fee for withdrawing rewards and it happens simultaneously all in one go, just simpler this way IMO

And bro, if you’re new to the ecosystem, I encourage you to not be shy, get stuck in, ask questions all over the place, the community is super helpful and there are no stupid questions, good luck 🚀🚀🚀

[red hollow]

Do I need to stake in the xyz in order to be able to play when the game is released to me? Or does staking benefit me in another way? I know this may be a dumb question that’s been asked and answered before. Just joined and have been looking into the discord. Just still have a lot of unanswered questions.

[gloomy gazelle]

No. There is no need to stake in any pool. More info below.

!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

[craggy rock]

!staking

[gloomy gazelle]

Don’t do that please.

It’s already been done

!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

[red hollow]

So staking just earns you more over time. So is staking $500 usd a good investment? Or do I need to stake a lot more to see a useful yield?

[fading nexus]

😳 Cheap?

[gloomy gazelle]

The longer you stake for the longer it earns based on the current variable APY. APY is higher when you lock for longer.

[grizzled cedar]

are you able to take the staking rewards at any time or is there a specific time frame that you need to meet before taking it out

[void marsh]

Love the LP returns

[gloomy gazelle]

So like 6 weeks ago the apy in the ILV only pool was over 100% apy. But the apy ha since dropped and can be expected to continue to drop.

[void marsh]

Yes people are loading up on ilv. You have to get the LP 600%

[gloomy gazelle]

!staking check the video at the end of the bot response. But basically you can claim rewards as the are accruing block by block.

[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]

But even that APY is variable based on TVL and the amount of ILV being distributed as rewards. But yeah. It’s good. But the gas costs may be too high for small bags to overcome even with that high APY. At least there is greater risk in that. Plus IL.

[grizzled cedar]

is meta mask a safe wallet? i never owned any wallet, ive only had a binance account

[gloomy gazelle]

Yeah metamask is great. Just protect your seed phrase. NEVER SHARE IT EVER

[grizzled cedar]

is it still worth it to buy and stake ilv token if youre only gonna buy less than 5 ilv token

[woven ibex]

This is a reminder to never give out your private key (12 to 24 word seed phrase) to anyone.
Nobody in the team will ever ask you to send ETH. There has been increasing activity of DMs in this Discord related to scams and fake giveaways.

Any giveaways/promotions will be announced on official channels. Not in Discord DMs. #🚨❗〕report-scammers in the linked section with a screenshot of the message you got in DM's. Also include the "@ username" in text and we will ban them. We are growing fast and there are targeted scams going around. Only trust links from official channels.

[grizzled cedar]

or its better to hold it and use it when the game launches if you only have less than 5 ilv tokens

[gloomy gazelle]

At current rates yes. If ILV token price goes down drastically that might change things. There is risk based on that and on gas fees. But you’d have similar risks if you were just HODLing ILV.

[grizzled cedar]

whats the best core pool to go to for staking if its less than 5 tokens, i looked at the sushi lp but i dont understand the liquidity feature

[sly tulip]

Hello All, Newbie here and I hope you someone can help me understand the details of my 0.36 SLP. I locked it for 12 months and I am not really sure if I can claim rewards?

[slate scroll]

You will be unable to spend ilv once when we have game you will need sILV or to use eth. Once when you earn any rewards if you are in the pool you can claim them like ILV it will be locked for 12 months from that moment or to claim it like sILV it will be available immediately and you can buy anything in the game

[sinful pond]

That's the right approach--just pick your own %. If someone was claiming weekly before NFT mania landed on us, then they probably should be claiming every 2 or 3 weeks instead since gas has doubled or tripled even at slow times.

[grizzled cedar]

ah okay so ILV is not used in the game but only sILV and the only way you can earn sILV right now is through staking rewards?

[manic spindle]

Correct 🙂

[stone sierra]

Question, when the land for Illuvium zero is sold, does that money get distributed to the staked pools, is that already estimated in the yield or is that just an air drop. Also I was wondering can you use IOS for staking instead of chrome. Thanks

[slate scroll]

And if you decide to claim ilv yes it will be locked for 12 months but it will earn you rewards meanwhile

[manic spindle]

ETH used in land sales will be distributed back as RevDis in form of ILV 🙂

[stone sierra]

Thanks, I guess it just shows up in you rewards? And it can be claimed as sILV or ILV?

[brisk surge]

Yes sir

[slate scroll]

What's your prediction once when distribution of ilv is over what % of ilv will be locked I have a felling it will be more than 90%

[manic spindle]

No, RevDis is paid out as unlocked ILV. No chance for sILV. It has to be claimed manually but the exact UI workflow has still to be disclosed 🙂

[manic spindle]

No idea. Highly depends on how much revenue is being distributed to stakeholders 🙂

[stone sierra]

i am here long term, locked or unlocked no difference!

[slate scroll]

It's just a fun game make your prediction and we can see after 2 years who was closer :)

My guess 88.88%

[slate scroll]

When revdivs are paid is it calculating our weight from ilv/eth pool or only ilv that we have in single ilv pool will earn rev for us?

[manic spindle]

#🥩〕staking message 🙂

[glacial lodge]

What is recommended for staking as minimum?

[ripe steppe]

Yes you can claim rewards, everytime you do claim a reward it will cost you a transaction fee in ETH (so waiting to have enough of a reward for the fee to be reasonable and for a day or time when the fees are lower is recommended), when you do claim a reward, you can claim ILV or sILV, if you claim ILV, from the moment you claim it it will be locked for 12 months and it will be over that time also be earning APY rewards (currently around 80%APY), if however you claim in sILV, it is not locked and can be used, but can only be used in the game when it is out, each time you claim you can choose again, so one time u can claim ILV, next time sILV, you choose everytime you claim, claiming ILV is good for the long term investment in the game and in the token, claiming sILV is good so that you have some currency you can use in the game once it comes out if you dont wish to put in extra outside money in to the game, hope this helps

[swift spindle]

If one claims ILV, is it automatically staked while it vests or does one need to pay the gas fee to stake it also?

edit: you say it's earning rewards so assuming it's automatic? just want to confirm

[proud moth]

Automatic

[swift spindle]

Great, thanks 🙂 Put a bit in last night so excited to get to claim the first time in a bit

[proud moth]

The more frequent you claim, the more frequent you need to withdraw those rewards out.

[cloud quiver]

Can someone explain this to me in layman's terms. My last brain cell does not comprehend

[swift spindle]

What do you mean by this? like if I claim each week on the back end in a year, I'll have to claim them all individually?

[midnight lily]

Yes

[swift spindle]

I could just allow them to continue being staked in a year though, right? More worried about the extra rewards compounding now than I am "withdrawing" them in a year

[proud moth]

Right. I also plan to claim every week.

[swift spindle]

Great, just wanted to make sure 🙂 Thanks for the help y'all! This community is awesome

[crisp patio]

How do I stake into the SLP pool for a second time? It asks me to claim rewards first, which I accept, but it does not add my SLP into the pool. Charges me gas, and it only claims my ILV pool rewards and not my SLP pool rewards. Thanks

[proud moth]

Check out the video in a pinned message from Rahlord. It shows how to stake SLP the second time.

[silver sky]

Thanks for all the resources you guys have on this group + other media, just got my first LP and staking done with the help of it

[brisk surge]

Hello I have only 1.1 ILV, would it still be worth to stake it considering the gas fees etc?

[crisp patio]

Do I have to manually claim the SLP rewards first? Or should this be done at the same time that it is being staked? The video was unclear.

[abstract crown]

There are a couple of calculators in the pinned comments of this channel to help choose what the best frequency might be for you. Based on your inputs

[proud moth]

No you don't have to claim it manually. It will do that for you.

[glacial lodge]

What is recommended for staking as minimum?

[inland girder]

I would like to know that too!

[slate scroll]

My interpretation:
1.in case of rev divs our weight in the pool doesn't matter.
2.if single ilv pool is 60% and ilv/eth 40% rev divs will be distributed 60% to ilv 40% to ilv/eth and then you will get portion of that equal to your share of the pool excluding weight

Of course I can be completely wrong 😂

[river light]

With the current 90gwei gas price. You probably need 50ILV if you want to claim reward daily. Maybe 7ILV for weekly. And 2ILV if you intend to claim monthly.

[inland girder]

OK thanks! That helps already!

[sinful pond]

I think it varies for everyone, but I personally do it at much less % (3% or so). But I haven’t done the math on it so I’ve just been doing it in a purely subjective way

[exotic igloo]

Less than 1% for me.

It's all personal preferences tbh.

[steep siren]

Hello, I think I need some help understanding what's happening, I have some ILV tokens that I would like to stake, and after selecting my options I receive the transaction validation in Metamask, which is saying that the gas price is 133$? is that correct? and it says "insufficient funds"...

[exotic igloo]

That is correct

The gas right now is really high

[forest zinc]

you have to have some eth to proceed to the transaction

[exotic igloo]

I recommend waiting for lower gas

https://www.gasnow.org/

Sub 30

[steep siren]

I thought I might be missing something... that's extremelly high.. damn! thanks! I'll wait then... how much can I consider a "low" gas price?

[brisk surge]

Guys, if I read all of this chat correctly it is not really worth to stake in my case with 1.1ILV..... could someone give me some advice in regards of this? Thanks

[exotic igloo]

Something around 10 to 20 is low and affordable

[inland girder]

If i want to redeem sILV in order to be able to buy in-game-stuff, it would be enough if i only redeem the proceeds at the start of the game. is that correct?

[steep siren]

thanks for the help!

[halcyon oracle]

I think 10/20 will be hard to get if we dont see it coming close to that tomorrow

[inland girder]

redeem -> claim

[exotic igloo]

If you intent to stake 1.1 ILV, I would consider locking it 52 weeks and also waiting for low gas before proceeding. Claiming the rewards only once like 6 to 12 months in depending on the price of ILV.

[exotic igloo]

Yea I just hope for mid 20s now

Probably missed it last night

[abstract crown]

Fees look like they only got down to ~64 last night

[forest zinc]

you can stake and claim the reward only when there is enough to cover more than the gas fee, depending on the amount you stake, it could be one day, one week, one month....

[brisk surge]

thnx for your advice

[halcyon oracle]

I did it at 53, i got the min of today, i was happy couldnt wait anymore xD

[river light]

You can buy in-game stuff with ETH too. If your whole intention is getting sILV, you can buy that too rather than staking small amount of ILV. Gas is a big factor for staking small amount.

[abstract crown]

Nice, not bad then compared to how the fees have been

[inland girder]

Great, thank you for the information! Already have a couple of ilv to stake, but want to keep the transaction costs as low as possible. For this reason i would claim as rarely as possible and at times with low gas prices.

[slate scroll]

I'm doing that always claiming sILV when I add liquidity because I don't want to spend additional money to play the game once when is out

[abstract crown]

Depending on how much you have staked, claiming too little will mean you miss out on potential compounding, so that has to be balanced with frequency/gas fees

[slate scroll]

And of course if land is cheap enough I will buy tier1 with that silv

[inland girder]

Ah ok. understand, thanks!

[inland girder]

I'll try that too

[slate scroll]

But it's up to you if you are willing to spend eth in game better option for you is to compound your ilv and not to claim sILV of course when gas is cheap :)

[inland girder]

are there any discounts planned for sILV compared to eth?

[slate scroll]

I don't think so

[abstract crown]

Welp, went ahead and added to SLP with fees <60

[slate scroll]

Me2 these days when it's 40/50 it looks cheap crazy times :)

[abstract crown]

Yep haha

[wheat venture]

It depends also because the illuvials prices could fly through the roof so much that spending a little in game might be more worth it even with the rev dis I guess ?

I mean I’ve seen how high nfts can go

[umbral crane]

How u guys see the percent apy u have for ur stake atm

Also guys whats flash pools?

[stable linden]

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

[umbral crane]

Nvm found it

[halcyon oracle]

Pray for tomorrow

[umbral crane]

I have a question. How is such high apy possible? Like how does tht work

Feels like too good to be true idk

[abstract crown]

Well it will go down over time and as more people join the pool. It's very typical for even 1000%+ in the early time of a liquidity pool.

[umbral crane]

I kno that but like how

[abstract crown]

So it's typically because of the tokens minting process, which early on mints more tokens per block and decreases over time. So early on you are getting larger rewards and less people are in the pool. Then as time goes on less tokens per block are minted AND more people are in the pool, decreasing your rewards i.e APY%

[inland girder]

how is the APY already calculated? are they not dependent on future sales?

[umbral crane]

I see so its jusbthe nature of crypto and how its minted and were early

[abstract crown]

I believe it's the process I explained above. (If I am wrong someone please correct me).

Yes @umbral crane, correct.

[umbral crane]

Thanks!

[abstract crown]

No problem at all!

[brisk surge]

The current apy is from the staking rewards. Revenue distribution is not included in the apy.
The current APY will decrease over time unless the token price keeps going up.

[umbral crane]

Hey where did u find this? U have a link

[abstract crown]

gasnow.org

[umbral crane]

What percentage of gas fees to reward claims do you guys think is worth it atm.

[abstract crown]

I've always tried to aim for <=5%, but it just depends on what you're comfortable with

[inland girder]

thanks!

[abstract crown]

Oh nice, I didn't realize that. Thanks for the info.

Yeah haha, that makes it nice and easy to see where gas currently is.

[fleet island]

Hum got a bit scared of something guys

[abstract crown]

That would be a very handy feature, that way we don't have to be checking all the time lol

[fleet island]

1 month ago i put some ilv in staking as flexible pool.
when i go in Vesting tab, if i click on withdraw i can retrieve my ilv directly ? or i have to wait 12 month ? (im not talking about reward)

[abstract crown]

If it's in the flexible pool you have the ability to withdraw whenever you want.

[halcyon oracle]

Not stacked = not bloqued

[fleet island]

i don't unstand that "Rewards are subject to a 12 month vesting period before they can be withdrawn."
Why are they talking about the in vesting tab

[halcyon oracle]

rewards you claim are automatically staked for 12 months

[brisk surge]

The rewards have a 1 year vesting. Your original ILV is not locked and can be withdrawn from the staking tab

[abstract crown]

The vested tab shows what is vesting and what is not, along with how long they have to become fully vested, at which point you can withdrawal them if you so choose

[fleet island]

Where ? i don't see whre i can withdraw my original ILV

[brisk surge]

Staking core pools

[fleet island]

Yes and so ? no option to withdraw what i put

[inland girder]

if illuvium hands over all of its income to the stakers, how are the employees actually paid? in form of ilv?

[abstract crown]

They also have tokens staked

[inland girder]

ok

[halcyon oracle]

they are paid with salaries obvioulsy

[fleet island]

Oh this is because i have to claim before my reward token before withdraw my orignal stake ?

[abstract crown]

So that's the brilliant part of the design as well. They get paid the same way the stakeholders do. So they are highly incentivized to ensure that stakeholders are well taken care of as well.

[brisk surge]

Yeah your right it should be under vesting. I locked all my tokens so i cant see what the unlocked ones are supposed to look like sorry.

[inland girder]

nice!

[abstract crown]

It would look like this

[halcyon oracle]

They get paid in dollar too, tokens they receive are like bonus. How can they live if they dont get any cash 😄 ?

[fleet island]

Yes but i was scared of the prompt asking me to chose ILV or sILV where i wanted only to withdraw my original stake.
But yes they are asking to chose for reward before. then i suppose i can withdraw directly

[abstract crown]

Good question, I would expect so as well, but they have their tokens locked for longer than we do and that's how they've stated they also get their revenue. This is just as I understand it, what they get for a "salary" might be entirely different.

[halcyon oracle]

Token is investment

[abstract crown]

Ohhh yes, when you withdrawal or stake more you have to claim your rewards as well. Which you can choose as either ILV or sILV

[halcyon oracle]

you dont live your daily life with your investment. Worst case scenario, the project crash, they wont have worked for months/years for nothing

[fleet island]

Do you think it's a good choice to replace ILV staking by sushiLP staking ?

[inland girder]

maybe in the short term, since they were able to collect money from capital providers, but how is that supposed to work in the long term when all sales are distributed to stakers?

[brisk surge]

If you plan on accumulating

[abstract crown]

No, I understand that haha. Just saying I'm not sure entirely how they operate in that regard.

[fleet island]

what's the drawback of sushiLP ?

[abstract crown]

That part works by the fact that they also have tokens staked, that part we do know for sure.

[brisk surge]

!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

[brisk surge]

read the link at the end ^

[abstract crown]

You can do that, but I haven't tried myself as I heard it can block any future transactions until that one goes through. But could be wrong as you seem to have heard otherwise. Not sure I wanna test it out 😛

[brisk surge]

Also while the risk of contract loss is low its still possible and worth considering.

[fleet island]

Hmm yes that im bit scared, my original stake eth + ilv can't be loss no ? i am retrieving it after stake?

[gusty palm]

i'm doing both

[umbral crane]

the employees were apparently goingi nsane cuz they were paid in illuveum so when there salary essentially 10x they got extremely motivated to work even harder. makes sense to pay in illuveum basically says the better ur work is the higher ur salary will be

[brisk surge]

The amount of ILV you do in LP goes down as the ratio of ILV/ETH changes but you are also getting 60% more of the distributed rewards compared to the ILV only pool.

[gusty palm]

atm i'm thinking compound all rewards into ilv and closer to launch start switching to sILV

i also think ILV is a play on ETH. if ETH does well then ILV will double down. I'm switching out some of my ETH for ILV

[inland girder]

yes, makes sense. as with stock options for start-ups

[fleet island]

Oh i see it's risky

wow it cn make me lose a lot of cash if i am doing this xd

[brisk surge]

High risk high reward

[fleet island]

i am going to stay on my ILV stake, it's safe 😄 , thanks @brisk surge
I am a bit disapointed in maybe 20 days my staking reward is 1.3 ilv 😦

[abstract crown]

Yes, that is how I heard it works as well. That it will pend until the fees get to your set amount and then process. I don't know if there is some time limit however

[gusty palm]

with an APY like this i think you just forget about impermanent loss. the rewards are in ILV which will more than likely compensate for impermanent loss

[fleet island]

depend if ILV and ETH drop both, it's gonna hurt

[gusty palm]

well obviously.

[fleet island]

so no APY won't cover that

[abstract crown]

Depends on the drop and the timeframe in question. Your rewards by that point might be still high enough so you aren't down in total over all

No problem. Yeah that's a good idea and typically the pattern we see with gas fees.

[gusty palm]

i think this is silly, it is mixing up impermanent loss and USD value. if you solo stake and ILV drops then you lose too. the ILV+ETH pool risk i see is if ILV goes up parabolic relative to ETH. if they both go down you are screwed either way

having ILV+ETH could be seen as less downside risk. if ETH goes down ILV goes dwn

[forest zinc]

If you set the gas too low, the transaction can "run out of gas" and you will loose the gas fee so it can be risky to set a low amount of gas (don't know exactly how it happens yet it exist)

[gusty palm]

you can also edit the nonce number if it gets stuck

https://youtu.be/eMEDk5r1rLU

[abstract crown]

I'm in the same spot as you are then actually 🙂 I've participated in being a LP many times, but never with a lock-up period like this. I'm very excited about the game and it's future as well. (Avid gamer myself) And same to you! Cheers.

[wanton nova]

The apy is also influenced by the number of tokens given out as rewards. This number decreases every 2 weeks by 3 percent.

[wanton rose]

hey cooper

[wanton nova]

And AFAIK the ilv price is also part of Apy. But I'm not entirely sure

[abstract crown]

As far as I understand it you are correct in all of that. Although I'm not sure how the price of ILV could be taken as part of the APY%. I haven't seen any documentation on that either, but might be something I have missed.

[spiral summit]

Does claiming rewards stack or for each time to claim, its 12 months for that claim?

[cunning perch]

whenever you claim, your claimed rewards will start their one-year vesting. Every claimed rewards will have its own one-year locking

[patent robin]

i am trying to help a friend out staking his first ILV and my coinbase wallet was able to connect to illuvium somehow and it only allows him to connect to his metamask wallet. All his Eth is in coinbase wallet.

he could send it to his metamask wallet but dosent want to pay for the fees

[junior shuttle]

You staked with CB wallet?

[patent robin]

Yeah! it even shows my current balance on the CB extension the same as the staking page on illuvium

i dont know how i did. lol so is that the preferred method is to use metamask?

[vague eagle]

I have a question, if there is someone with answers. I have doubled the amount of ILV I originally locked in. The value of my Sushi LP is half of my New ILV pool, Does this value not reflect the eth I have in that pool?

[exotic igloo]

Metamask yes

[exotic igloo]

It reflect both assets yes

The price of the SLP token rise or fall with the market value of eth and ILV combined

[manic spindle]

@vague eagle please stop asking the same question in multiple channels. At least give people a chance to answer first. No need to clog the entire server with it, thanks 🙂

[vague eagle]

Okay, hm.. well its quite a bit less than it should be.

[exotic igloo]

SLP not going to moon as fast as ILV only

Its normal

Its one of the downside of staking SLP

Because you are suffering impermanent loss

We talked about it a lot and people still ape in the SLP pool without understanding it

[vague eagle]

Both have appreciated how is that possible?

[exotic igloo]

You have less ILV tokens now

ILV pumped since you provided liquidity

So you have less ILV and more ETH tokens

And eth isnt moving that much

[patent robin]

I have staked all my ILV and SLP using Coinbase will this be a problem do i need figure out how to move it all to my metamask wallet?

[exotic igloo]

You cant move if you are locked.

And your claimed rewards are locked 12 months

[patent robin]

Is it a problem that i have my coinbase wallet connect?

[exotic igloo]

I wouldnt recommend moving unless your wallet is compromised

[exotic igloo]

No

[vague eagle]

@exotic igloo Okay Thank you, I need to look into Impermeant loss a bit I thought I understood it, but I do not. I appreciate your help.

[exotic igloo]

No worries, for example since I locked my SLP I have loss [redacted] ILV tokens to impermanent loss

[vague eagle]

https://tenor.com/view/nervous-sign-of-the-cross-praying-hoping-nico-santos-gif-10946409

[exotic igloo]

So my SLP figures dont really move that much in dollar price

But I get more ILV rewards to compensate.

[vague eagle]

I'm complaining and I've only loss 13, okay. If Eth pumps can it curb the loss?

[patent robin]

Wallets not compromised, just want to make sure i didnt screw something up by connecting my coinbase wallet. Thanks for the help

[icy ocean]

I suppose it should as it is just question of price at current time , it is not like you actually lose anything , it just worth less so you lose on switching at that time

[exotic igloo]

Yes if eth pumps more than ILV

[vague eagle]

@icy ocean my SLP position is worth less than the ILV I put into it. Not including the Eth. I lost something.

[exotic igloo]

On paper

Until you withdraw your liquidity it will move around a lot

[icy ocean]

as I said , it is at current time, it is not like you lost anything per say , for example will make it simple , if you buy in to ILV when ilv is worth 1000, but ILV price droops to 500 , it does not matter what rewards you have, you still on lose , but it comes back to 1000 you gain

[brisk surge]

Evening, I was just after a few opinions. So I’m looking to put about ~$1300 in ETH/ILV pool. Would it be a good idea for me to hold my ILV for now, wait for trailer release and the inevitable coin price rise and then stake. Avoiding some IL and putting more value into the SLP?

Hope that makes sense and that’s obviously assuming the coin price does rise post-trailer

I wouldn't wait if your plan is long term. If you have a fancy strategy and plan to follow through with it there's not much any of us can say to convince you anyway!

I did the LP as soon as it started and am about to do it again

[brisk surge]

Youre talking about waiting till something gets more expensive to buy it. Im not expert with the LP pool but i think the idea is generally to buy low.
oh nevermind i misread this

[clear cape]

That's what i was doing but with a smaller bag, because the trailer wasnt set in stone. and now it looks like it will be delayed for a bit who knows how long...if i didnt have anything staked i would have been missing out on lots of rewards. thats the risk u carry with a strat like that

[brisk surge]

Thanks, yeah that’s a good point to be fair, I suppose there’s no right answers with all of this stuff

[clear cape]

Staking in ILV pool claims rewards from both pools, right guys?

[lilac coyote]

no you can claim the solo ilv pool individually

[clear cape]

so if you put in a new stake into ilv pool, it only claims the solo ilv pool rewards?

[exotic igloo]

It claims all pending rewards

[clear cape]

cheers rah

[gloomy gazelle]

But how do you know it’s probably delayed a bit…

https://tenor.com/view/futurama-sospecha-mirada-look-gif-7194479

[clear cape]

Hahaha, im saying it looks like it, who knows 😉 was basing it off some talk of it in chat earlier

[gloomy gazelle]

Yes… who knows… 😂

[clear cape]

looking awfully suss there pelican... 👀

[gloomy gazelle]

https://tenor.com/view/kermit-dont-be-suspicious-walking-in-well-gif-10951678

[clear cape]

incoming trailer drop 😮

[wanton rose]

calculating 2.5 days from now. ez pz

got that by dividing 5/2 btw

and its a nice number

[brisk surge]

?

[clear cape]

lol was just talking to pelican

@exotic igloo does ur SLP value increase too when ILV pumps, but just as not as much as if u had normal ilv right ? or does it stay near ur initial investment the entire time

[brisk surge]

Getting my hopes up 😂

[red echo]

10 hours right now and still waiting, is it normal?

[wanton rose]

It should say the ETA on the Etherscan transaction

[red echo]

ETA?

[wanton rose]

It'll say the estimated time of arrival, like it'll say maybe >1 HR.

[red echo]

first puts 1>hour but now puts "It appears that this txn is taking longer than usual"

[quaint dock]

Guys it's worth stake ILV to receive Silv? I'm not sure what SILV can buy in-game. Shards and Lands will be purchased by SILV or by ETH? Or will SILV only buy skins and other cosmetics?

[rose arrow]

haven't seen one. But I've been logging daily for past 3 days, and this is what it looks like

ILV
%81.12
%81.01
%80.25

LP
%635.45
%618.3
%617.1

Takeaway is it's dropping very fast, so don't lock your stake with these numbers in mind. Assume it will be far less on average

[ruby wing]

Your SLP value will increase when ETH and ILV increase in value + the sushi fees I think. If there is any divergance of one asset it will be seen in the balance. Good way to check is calc the value of IlV u put in with ETH and compare.

[clear cape]

cheers :))

[brisk surge]

Holy gas fees. Nobody claim rewards for a bit.

[ripe steppe]

looool 900 for fast transaction

[abstract crown]

Have they ever been this high?

[exotic igloo]

It increases wil ILV raising yes

[ripe steppe]

1700 even for a fast one @knotty river

[junior shuttle]

wow it is high as shit

must be another hyped drop haha

[uneven falcon]

Yep, when everyone was buying meme coins in may

[noble bridge]

whats a good easy wallet to store your staked ilv

[lime moth]

Guys, I am newbie here. If i want to start staking should i buy ETH or ILV directly? Also if i may ask, what is SLP and gas fees? 😅

[ruby wing]

!read

[woven ibex]

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

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

[ruby wing]

see pinned staking tutorial 🙂

#❓〕faq

!crypto

[woven ibex]

New to crypto? You may need to undergo Know Your Customer (KYC) verification with a centralized exchange - like Binance, Coinbase or Kraken - to turn your fiat into crypto. You will also need a wallet to hold your crypto. We recommend a free Meta Mask wallet: https://youtu.be/Sc8J98m6SZE.

Make sure to look into GAS / GWEI, as Eth transactions on the ETH network require a gas fee. You can use this historical data to get an idea on GWEI averages: https://etherscan.io/gastracker#historicaldata

There are many people on the Discord willing to help out newcomers but you really should do your homework as well and study this further on your own. DYOR (Do Your Own Research) is an important concept to understand in crypto.

[ruby wing]

!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

[bronze heart]

So if I have both SLP and ILV Rewards, I should claim the SLP one only as it claims the ILV one as well?

[halcyon oracle]

yes

[bronze heart]

ok thanks

[abstract crown]

Haha gotcha

[faint seal]

How much ETH should I save for staking as a starter in order to cover GAS fees? ~ (Don't need specifics just a reference haha)

[junior shuttle]

Check etherscan.io

It changes constantly

[unique bear]

@faint seal I staked when gas was around 40 in the SLP and spent about $120US worth of Eth. 40 is now pretty low for gas, so use that as a bit of a benchmark. But then over the lifetime of your investment you'll want to claim rewards along the journey. Some are saying monthly is a pretty good outcome and that could cost you upwards of $30 per claim and then at the end when you wanna exit and claim $ you'll need more gas again to unstake and swap for $$. So depends on whether you're looking at total just to stake, or whether you wanna keep a Vault of Eth aside for the longer term

[stable wren]

This is quite helpful. I spent $200 on gas just purchasing my ILV. I want to stake but not right now when gas is 232 gwei. I just hope that Eth 2.0 is out by time I unstake. Totally nuts

Correction 316 gwei 😅

[unique bear]

@stable wren crazy times at the moment! Eth 2.0 can't come soon enough but probs well into next year. Hopefully the gains from ILV will significantly outweigh the gas fees spent now, but definitely need to try and find a nice window each time to stake and claim!

[stable wren]

That's the hope! Should go without saying but people should calculate how long they have to keep it staked to breakeven with gas fees to buy, sell, and stake before they consider staking...even at 40-80% apy, it could take a very long time if you have a small bag

[faint seal]

Thanks for the tips!

[unique bear]

No worries! Yeah definitely pays to do a few cakcs, and there's an awesome spreadsheet available in the pinned messages that gives you an idea of how gas and other aspects influence your stake. Worth checking and having a play with!

[proven acorn]

I did stake 2 $ILV that cost me around 1000$, the gas fee was 80$ to be able to stake them. To get my rewards I will spend around the same amount and I think to be able to get those rewards without actually losing money might take ages, Im not sure if Im regreting this already or if its a good idea, I planned to stake sILV to use it ingame, but indeed it seems it will be even more expensive than I thought 😂

And Im not really sure about how the sILV income will be transfered or used in-game so this is like a blind bet somehow

[stable wren]

Yeah, that's brutal. Personally, with a $1000 bag I would minimize the number of claims unless there is major price appreciation

[brisk surge]

Eh, maybe when the game drops it’ll be worth wayyy more as it gains attraction , and the pros > then the loss from the gas bs

[stable wren]

Yes, that's the only reason this is worth doing. All about your investment style. You could claim in anticipation of that pump but my conservative approach is to wait until I know I could sell and cover all the costs. To each their own!

Then of course, there's the point that claimed rewards earn interest too (if I'm understanding it correctly). So you could fairly easily make back the gas if the size of the claim is big enough

[proven acorn]

I do stake because I thoght its worth to have sILV when the game releases, I understood its the in-game currency. I mean Im not staking to get profits or to do trading but I plan to stake sILV to play with it later on when the game releases. But I have no idea how sILV is going to be implemented or how worthy it is to stack it after all, thats why I said its a blind bet for me. If paying fees to get my sILV reward to play in-game results to be useless or unworthy later on, thats the risk.

[stable wren]

Gotcha. Yes, we're all taking a leap of faith on the team here, as specific details are still trickling out. I must say I'm pretty impressed so far with their plan, communication, transparency, and experience. That was the clincher for me in terms of investment

[clear cape]

Multiple lambos or bust crew

[deft wadi]

There's no reason to claim sILV until you're ready to use it so it's a single gas transaction instead of many. Especially if you're not planning on claiming any ILV

[vital kayak]

Exactly what I’m doin, while my friend ask why im not claiming . Just waiting for Land announcement

[deft wadi]

Land coming around October/November and then it's the open beta. Can't wait to play both

[wind walrus]

Question. I just claimed my rewards. I thought claiming SLP rewards would claim both SLP and ILV rewards. I was prompted by MM to pay $42. I chose confirm, after that is asked to confirm $82. I rejected that and looked at my balance and the $42 was taken but SLP wasn't claimed. It cost $42 bucks to claim $4 bucks worth of ILV? I still had to pay another $82 to claim SLP. I thought to claim SLP was one transaction?

[elder dawn]

they are tied together, but two interactions - the price of gas right now, i'm not entirely surprised the total is around $80. i target around $60 to claim at lower gas than this. I'm not an expert on the contract details, just that they say it's to our benefit to have them claim together.

[wind walrus]

Total was $124. Gwei dropped to 53 so I thought I would be ok.

[elder dawn]

yikes. sorry. gas definitely sucks. that seems high, but haven't claimed this week.

[wind walrus]

Why are we forced to claim from ILV Pool? I only had .0083 in ILV rewards. I really only wanted to claim SLP pool so I could start compounding

[real nebula]

they say it is the only possible way to do it

[vital kayak]

Are you using an iPhone and METAMASK? I lost $400 in gas doing that a month ago and @hexed bough helped me figure out how to avoid the bug, in fact now there’s a warning on staking page.

Wish they put a warning about having to claim rewards before staking more ILV on illuvium website staking page, telegram is blowing up over new investors unaware

Always wait for SUNDAY, It’s cheaper gas usually

[wind walrus]

Nope. I was on my MacBook. Gwei had dropped to 53.

[swift spindle]

So when you've staked in SLP, do you ALWAYS have two transactions to claim? One from each pool? Or is that the "bug" you're talking about @vital kayak ?

Or is the bug that if you reject on the second part of the transaction, it'll still charge the gas fee for the first one?

[brisk surge]

Anyone bought ILV on 1inch??

Struggling to figure out how to buy and stake ILV

[wanton nova]

Bit late but I just want to make sure that you can not stake sILV. You can use it for ingame purchases but it's not stake able. Only ILV is.

[bronze shore]

whats the current ratio of ETH:ILV in the LP ?

[gloomy gazelle]

!buy

[woven ibex]

We recommend buying ILV on the main DEX here: https://app.sushi.com/swap?inputCurrency=ETH&outputCurrency=0x767fe9edc9e0df98e07454847909b5e959d7ca0e
After acquiring your ILV, make sure to add the ILV token to your wallet. You can find the contract address at https://www.coingecko.com/en/coins/illuvium and in the case of MetaMask, you can just click on the Fox next to the contract address to add the token.

In case you don’t want to use SushiSwap, ILV can also be found on the following CEX's:

• Gate.io (non US residents) https://www.gate.io/trade/ILV_USDT
• Bitcoin.com

Here is a video that goes into detail how to buy ILV and stake it afterwards: https://www.youtube.com/watch?v=C6YugU4zZr4

[gloomy gazelle]

!swap

[woven ibex]

You can buy ILV here: https://app.sushi.com/swap?inputCurrency=ETH&outputCurrency=0x767fe9edc9e0df98e07454847909b5e959d7ca0e

In the swap from section, select which cryptocurrency you would like to trade for ILV. ETH is the main pairing and there will be a slight additional conversion fee for other tokens. Click swap, then confirm swap and a new window will come up in your wallet / Metamask. It is recommended to increase the GWEI a little so your transaction gets through. 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/gasTrackeristoricaldata

Go to https://www.coingecko.com/en/coins/illuvium and copy the contract address which is 0x767fe9edc9e0df98e07454847909b5e959d7ca0e. Click on metamask, scroll down to add new token. Click custom token, paste the contract address there and confirm.

[steel patio]

1 Eth : 6.1 ILV

[umbral crane]

Boys i have a question. If im gettin 600% apy on my slp what percentage is my rewards stake apy thats vested for a year

[steel patio]

1inch, buying is pretty straight forward, just look for ILV. Staking is all done on illuvium website.

[gloomy gazelle]

Rewards are ILV only. So when you claim and your rewards are vesting that ILV is in the ILV only pool. And that’s somewhere around 80% apy currently I believe.

[steel patio]

Once claimed (only) It's locked in for 12 months at 2x weight in the single staking pool

[umbral crane]

Ok thank you so that gets the apy of the other option.

[steel patio]

Yes, rewards once claimed will show under the vesting tab and will be reflected in your balance for the single stake pool.

[mighty bolt]

never mind i'm a idiot. I forgot I bought more ILV forgetting i could not stake on top of my stake unless i withdraw ILV rewards. Im just siting on ILV

[clear cape]

Damn wtf i staked ILV into ILV pool but it didnt claim my sushi pool rewards, dat normal ?

[steel patio]

Yep

[gloomy gazelle]

Yeah. It’s a different pool. ILV only pool does not affect the SLP pool. But the rewards form SLP pool do affect the IPV only pool because the that is where the rewards end up.

[clear cape]

Ahh kk i asked earlier and got told it did, rip 😦

[gloomy gazelle]

I saw it and felt it was wrong but I was just coming online and was trying To catch up

[clever swan]

I'm still confused how the apy and weight of 2 is correlated. anyone want to eli5 I would appreciate it haha

[gloomy gazelle]

Say you have 2 apples and for every apple you have in the box I’ll give you one apple every year. BUT if you say I’ll keep my apples locked in this box for 1 whole year… then I’ll pretend you have 4 apples and that means I’ll have to give you 2 apples. See 2x weight=2x apy

Too many apples.

[umbral crane]

what does weight mean

[foggy bane]

is this slp pool?

[umbral crane]

yes

[foggy bane]

thats explain the apy is 600%. I have no idea on that weight,need to get someone professional to answer that

[gloomy gazelle]

Try reading my apple story above

[umbral crane]

i get that but what is the weight

[gloomy gazelle]

Oh wait. You mean POOL weight. That’s not the same as token weight.

[eager rover]

Weight is the amount of ILV emission the pool is getting.

78% to SLP, x to ILV only, x to flash pool

[umbral crane]

hmm i think i see what u mean, kinda complicated. i guess its not that important... lol

[gloomy gazelle]

Basically it means for every 1 token that goes as rewards to those staking in the ILV only staking pool 4 tokens are sent as rewards to those staking in the SLP pool.

[clever swan]

wait, you mean you have to give me 4 apples, no?

[umbral crane]

ahhhhhhhhhhh

[gloomy gazelle]

Check this out. It shows the ILV being distributed as rewards over the next few years.

[clever swan]

so even if apy falls, slp still gets 4x the tokens lp gets?

[hot lynx]

What does 20 40 60 .. mean

[clever swan]

one bar is like 2 weeks (fortnight)

[umbral crane]

seems like slp only thing worth it

[gloomy gazelle]

No. My illustration was unlocked apy at 50% and locked apy at 100%. 2x the apy.

[umbral crane]

apy has gone up from yesterday. nice i hope we cud hold this rate for at least a month

[clever swan]

ah you mean 2 apples for every apple locked

[gloomy gazelle]

It’s better yeah. But if there’s 10x the value locked in that pool than you’d be forced to share it with too many others. But all the rewards go to the ILV pool when claimed so.

[hot lynx]

Weeks / months / years may have been easier to read

[gloomy gazelle]

No. That’s 200% apy. That would not fit the example.

You only have 2 apple to start with.

[hot lynx]

As an overlay including the start date

[gloomy gazelle]

But the rate is declining at 3% every two weeks.

[clever swan]

in your example both instances get 2 apples?

[umbral crane]

thats very little, i expected much more

[clever swan]

that's what you wrote I think

[gloomy gazelle]

But yeah. Fortnight is confusing. But I just took that image from the tokenomics article.

[gloomy gazelle]

Say you have 2 apples and for every apple you have in the box I’ll give you one apple every year. BUT if you say I’ll keep my apples locked in this box for 1 whole year… then I’ll pretend you have 4 apples and that means I’ll have to give you 4 apples. See 2x weight=2x apy

[clever swan]

yeah so both yield 2 apples

[gloomy gazelle]

Oh crap

My English

Fails

No it doesn’t.

See 4 apples

[clever swan]

ah ok 👍

[gloomy gazelle]

https://tenor.com/view/chew-squint-kangaroo-suspicious-gif-16503154

[clever swan]

so first instance is 2x weight, and second instance is both 2x weight and 2x apy

[gloomy gazelle]

So sorry I hope you aren’t more confused than before my stupid apple story.

[clever swan]

ah no big deal. I know you just want to explain it to me so I appreciate it man

[gloomy gazelle]

The distributions reduce at that rate. The APY is not the same thing.

[umbral crane]

is there a spreadsheet where i can put my numbers with apy dropping 3% a year to see whati wud get at the end of the year

[umbral crane]

ye it cud drop more if more people join the staking pool, but that would simutaneously increase the token price so its not a bad thing

[gloomy gazelle]

The first instance is 1x weight. What you have is what I use to calculate your rewards. The second instance is 2x weight. 2x what you have is what I use to calculate your rewards. Higher weight increases the APY you will be earning at.

[clever swan]

It's hard to understand because if the token distribution and the ratio between lp and slp is fixed, why does the apy fluctuate? at least to me this is the difficult part to wrap my mind around 😅

[gloomy gazelle]

I have a thing a made. But I don’t just share the document but I can share some numbers. Hit me in dm.

[clever swan]

also if price increases people wil unstake and sell for profittaking

[gloomy gazelle]

The reason it fluctuates in the ILV only pool is because the amount of ILV staked varies. So the amount of the ILV being distributed to each ILV staked changes based on what percentage of the pool their stake represents.

[clever swan]

Interesting. and this is the same reason for the fluctuation in the slp pool?

Or the formula is more complicated for slp since it's also tied to eth and changes in price between eth and ilv.

[gloomy gazelle]

Much more this.

[clever swan]

Ok, thanks, your example actually made things much clearer in my head.

[gloomy gazelle]

https://tenor.com/view/im-here-to-help-you-robert-downey-jr-talking-gif-15991405

[flint lodge]

Is it too late to stake?

[gloomy gazelle]

!staking no

[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

[flint lodge]

If you lock in the stake will it stay at the apy you started at?

[clever swan]

no it fluctuates

[flint lodge]

I thought so

[clever swan]

for slp, but I'm not sure about ilv

[gloomy gazelle]

Yes you are right on both

The rewards are also constantly accruing.

[flint lodge]

Does the return you receive from the apy get paid out at the end of your staking period?

[grizzled hawk]

Hi there, I was wondering if you are able to lock your ILV when they are already deposited as Flexible?

[humble venture]

#🥩〕staking Greetings! I was wondering if I have 1 ILV and I want some SILV what staking pool do I use?

[glass carbon]

no it gets allocated over time and you can claim when gas is low enough for you

[glass carbon]

sorry you'll have to unstake and stake again

[flint lodge]

Oh cool

[glass carbon]

you'll want the ILV pool. Just be warned gas will most likely eat into profits staking 1 ILV

I'd caution against it but DYOR

[humble venture]

How much ILV would you think would be advisable to have?

[glass carbon]

i think 5-10 has been suggested

[wanton nova]

Check pinned messages

[brisk surge]

You reckon $800 worth of each in SLP is a bad idea for me then?

[frozen dock]

You can use this calculator for a rough estimate of how your investment could perform. https://docs.google.com/spreadsheets/d/1gj_tPlLzAdeReC0Ne9BcxKN2OJ6xK1nl-9JJ2YW0WWI/edit#gid=259609908

[brisk surge]

Thanks that’s very useful! I’ll have a play with that calculator now

[wanton nova]

The sheet does include the fortnightly decrease by 3%

[frozen dock]

Oh does it? That's good to know

[wanton nova]

It also assumes more pool participation over time. It's described in the first spread sheet

'This calculator takes into account the 3% decrease in rewards every 2 weeks, and also applies a 3% factor for increased pool participation.'

[frozen dock]

Indeed... my fault for skim reading it 😅

[proud moth]

I love this community! ❤️

[vital kayak]

Me too! 🔮

[steep ginkgo]

Finally staked my SLP!!!

[manic spindle]

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

[forest zinc]

same, finally a good gas price

[steep ginkgo]

Yes 1 week that I ve been waiting

[broken rapids]

Hi guys so when im staking my ilv i just go to core pools and only stake my ilv right and i wont have inpermanent loss right? Just want to make sure im doing it right

[steep ginkgo]

Yes you won't loose them

It's only for those who provide liquidity on Sushi that can have IL

[broken rapids]

Ok thanks much appreciated

My gas fee to stake is 78$ is that the usual price or should i wait for a better price? I dont mind paying if thats the normal prices but if theres times wheres its lower ill wait

[vital kayak]

That’s cheap, because it’s Sunday . Usually like $120-$150

[broken rapids]

Oh wow i caught it on a good time thanks 🙏

[vital kayak]

Sure! I learned in here that Sundays are usually less gas

[broken rapids]

Yea makes sense glad yall are friendly and dont mind my questions im sure yall have heard them asked over and over so thanks

[vital kayak]

You can always get an answer here or one of the Telegram groups, is regarding ILV only post questions here: https://t.me/illuviumprice

[glass carbon]

Just remember this chat is not moderated by us, beware of scammers trying to infiltrate

!scam

[woven ibex]

This is a reminder to never give out your private key (12 to 24 word seed phrase) to anyone.
Nobody in the team will ever ask you to send ETH. There has been increasing activity of DMs in this Discord related to scams and fake giveaways.

Any giveaways/promotions will be announced on official channels. Not in Discord DMs. #🚨❗〕report-scammers in the linked section with a screenshot of the message you got in DM's. Also include the "@ username" in text and we will ban them. We are growing fast and there are targeted scams going around. Only trust links from official channels.

[glass carbon]

I'm going to have to recommend people not ask here for this reason. head to #💰〕token here instead

seems like an ok group just be aware it's unofficial

[marsh tartan]

hey guys

when pulling out rewards in ILV i keep getting 2 amounts come out and paying double gas fees

actually looks like it claims both my amount of ILV is that why?

[cyan rampart]

Yeah, claiming SLP also claims rewards on rewards (which are treated as ILV Core Pool rewards).

That's most likely what's going on.

[wanton nova]

i assume you want to claim awards from the SLP pool and also have ILV in the ILVpool or have claimed SLP pool rewards before?! If so-when claiming SLP rewards- you first have to claim ILV rewards and then SLP rewards. Illuvium page also tells you this: " You will now claim any rewards in the ILV pool, followed by any rewards in the Sushi LP pool

You'll be asked to approve these transactions in your wallet"

[marsh tartan]

yep make sense

[clever swan]

Just claim slp and it will automatically claim ilv first then slp

[lost dove]

When you claim the ILV rewards, I understand it is vesting 1 year. I can see it is added to my ILV stake. Is the vesting period starting from the day I claimed them? If so, does that mean I have separate lockups in the same pool? How can I see what the unlock dates are?

[cunning perch]

You can check the vesting section to see the dates. And yeah. When you claim, the claimed batch starts a new one-star lock up period.

[lost dove]

tyvm!

[hidden epoch]

Quick question, if I withdraw my axs from the previous flash pool am I going to also claim the current rewards in the same tx?

[ruby wing]

To my knowledge no

[inner sentinel]

wait I staked 2 ILV. I see people are talking about gas...isnt that a one time fee?

[meager hemlock]

I have 0.41 SLP staked.

0.41 * 615% = 2.5215
2.5215 / 365 = 0.00690821917
0.41 / 0.00690821917 = 59.35

So in 59 or 60 days I have got in rewards ILV worth of 0.41 SLP?

I staked 1 ILV. And right now I'm getting ~0.04ILV / day. 1 / 0.04 = 25 days. Since when doing SLP it uses equivalent amount ETH I need multiply - 25 * 2 = 50 days to get both ILV and ETH back.

Are the calculations correct?

[ruby wing]

You pay gas on every claim and withdraw/stake since we are on L1. Just dont claim your rewards until they build up to a decent size.

!read

[woven ibex]

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

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

[ruby wing]

#❓〕faq

also good discussion in #🥩〕staking

[inner sentinel]

ah. okay. I set and forget for a year anyways. I thought for a second gas was being used during the year long staking provess

[meager hemlock]

"each time you claim ILV it will be vested to the ILV pool" - what is vested? is it a term?

[ruby wing]

Vested refers to the 12 month period ILV rewards are locked and staked in the single asset pool

[meager hemlock]

never heard word vested used. alright got it - its just a term used here which do what you said

[ruby wing]

!read

[woven ibex]

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

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

[ruby wing]

there are some resources pinned with key terms too

let me find it

[lilac coyote]

Does SLP claiming also claim flash pool?

[wind walrus]

Calculations are a little off. You can't just divide 615 by 365 because the ILV distributed drops 3% every 2 weeks. Plus APY can also lower as more SLP is added to the pool

[meager hemlock]

@wind walrus "APY drops 3% every 2 weeks" -- so 612%, 609% etc for SLP pool? Does this apply to just ILV pool too?
Also are there more variables that influence APY?

[wind walrus]

Once flash pool ends the APY of both ILV and SLP will go back up a little until the next flash pool

[meager hemlock]

"Once flash pool ends" - ends? What you mean?

[wind walrus]

Each Flash pool only runs for 2 weeks and then ends until the next flash pool is chosen

[kind loom]

The ILV distributed drop 3% every 2 weeks, not the APY. The APY can be affected in many other ways.

[wind walrus]

Thanks for clarification.

[brisk surge]

Hello stakers! How much ILV do you think 100 ilv staked at 0 weight makes in a week?

[meager hemlock]

"The ILV distributed drop 3%" - meaning all the people who receiving rewards as a total will get 3% less each 14 days?

[wind walrus]

AXS Flash already ended. Go to Staking/Flash on illuvium website

[proud moth]

Yes

[wind walrus]

The yield farming rewards will only last for 3 years. It started in July and will end three years from then. Amount of tokens dropped will decrease as time goes until YF pool is dry. The good thing is that RevDis will hopefully be in full swing by then and pockets will be happy

[clever swan]

I think it just happened today 😅

[meager hemlock]

I see in flash pools category - XYZ. APY 322.71%. If I stake in this does it work the same way as SLP staking?

[wind walrus]

Not exactly. That will only last 2 weeks. It requires only XZY to stake. Flash pools only make sense if you already own a large bag of that token. Flash pools are only designed to bring attention from other projects to Illuvium

[manic spindle]

XYZ pool will end in 8 days. Click on "Details" and then on the "End Block" and you'll get: https://etherscan.io/block/countdown/13173742 🙂

[meager hemlock]

So it makes 0 sense to buy XYZ just to stake? Instead go core pool staking?

[ripe steppe]

100 ILV staked at 1 weight (not locked) earning 40% APY, thats 40 ILV per year, 3.3 ILV per month, 0.76ILV per week

[ripe steppe]

Not sure if it does, as its temporary, its mostly to encourage people who already have that token to stake it for a bit, give them some ILV and encourage them to get into the game and the token and give them a reason to go down the rabbit hole a bit more

At least thats my take on it…

[manic spindle]

If it would stay at 40% for a year, yes, which it most likely won't since all yield farm rewards drop 3% every two weeks and all claimed ILV rewards from every pool are staked in the ILV only pool lowering it's APY further 🙂

[minor gorge]

Does anyone know if the ILV rewards will be autodelegated back in to the staking , in a compound sense ?

Or do I have to Collect the reward and restake ?

[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.

[brisk surge]

We didn't really get a Sunday discount this week 😭

[nocturne monolith]

Would there be any real benefit to staking half in ILV and half in SLP??

[minor gorge]

Gotcha. Thank you @manic spindle . Looks like I need to claim, so the "locked" reward ILV can auto stake. 👍

[ripe steppe]

IMO, if you plan to stake and lock for over a year, and you plan to put in over $1k, in my opinion its best to go all in on SushiLP, IMO

[meager hemlock]

So yield farming ends in 2024 July?

[manic spindle]

Yes, now after your edit, it's correct. This only applies to yield from staking though. In game yield is different of course.

[clever swan]

is yield farming basically staking?

[ripe steppe]

As the SushiLP rewards you anyway will claim in ILV which then enters the normal pool for staking, and the added APY means you get back your entire investment in 2-4 months which anyways end up in ILV staking, and on top of that you still earn additionally more ILV rewards on top of that from SLP after you get back ur initial investment, its just layers and layers of compounding interest, not to mention further compounding value if/when ILV price goes up and up and up over the coming months/years

[meager hemlock]

Alright, but this confuses me

the last sILV minted is still a 1 year advance on the end of yield farming rewards
#🥩〕staking message

Why he saying only 1 year?

[manic spindle]

It is often used as a synonym by people but it isn't necessarily the same. For example in regards to Illuvium, staking gives you yield farm rewards and revdis. When yield farming ends, you still need to have your tokens staked if you want to keep getting revdis 🙂

[clever swan]

Thanks stormi, always spreading knowledge heree, good stuff man

[meager estuary]

hello, I am new to liquidity pool. Got a question regarding to this, if i stake 1eth+6.2 ilv, the total of my stake is around 6400 usd?

[ripe steppe]

Its the total value of both the eth and ilv

[verbal lintel]

Hi all, I've already staked some ILV/ETH into the liquidity pool. But I'm still trying to get my head around impermanent loss. I've locked for a year, so let's say that I decide to withdraw. And let's say that over the year ETH increases its value by 3x but ILV increases by 4x. How do I calculate what I will get back when I withdraw?

[ripe steppe]

And you get rewards based on the total value (not just the ilv half)

[minor gorge]

If we collect the rewarded sILV, do the sILV get staked too ?

[manic spindle]

The USD value of both will always be balanced to stay at 50/50 🙂

[manic spindle]

sILV does not compound, so no.

!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.

[umbral crane]

How much silv do u think people will claim. Like total is 10mil ilv and lets say people claim 1 mil silv thtll burn ilv and make total ilv only 9 mil right which wud make remaining ilv more valuable

[ripe steppe]

Not sure, but whatever you do ‘lose’ due to realising impermenant loss is insignificant compared to the value of all of the rewards earned along the way if staked for a year (unless ILV price goes to $0 dollars permanently, which is borderline impossible unless the game flops completely)

[umbral crane]

Cuz rn with 10 mil coins 4 bil market cap is like 700$ a coin. For big price we need less ilv lol

[ripe steppe]

Yes this is correct, unlikely 1m will be burned due to this, but all burning helps ilv value yes

[manic spindle]

sILV does not burn ILV, it prevents it from being minted in the first place. The effect on the total supply is the same though, it is reduced. Impossible to predict how aggressively people will go and claim sILV. Shortly before the land sale will be a great first indicator as this will be a sILV rush for sure 🙂

[brisk surge]

^ this, many will claim sILV for land sale and land is expected to be relatively expensive so there is incentive to claim a lot

[umbral crane]

Ye i realized to have ilv really reach a good price need alot of people to claim

[ripe steppe]

Yh ama be claiming sILV for the land sale for sure

[brisk surge]

I also think the market cap will far surpass 4bil...in time

[minor gorge]

But isn't ETH another option to sILV to buy land ?

[verbal lintel]

Hmmm ok...got my pen and paper out to do some math...

[verbal lintel]

Yeah this is what I figured. Seems like a no-brainer to me to stake in ETH/ILV rather than ILV alone. But trying to figure out if I'm missing something

[meager hemlock]

@manic spindle Can you help me with this - #🥩〕staking message ?

[meager estuary]

thanks!

[ripe steppe]

ETH is another option, but ive invested everything im willing to invest into the SushiLP, so only funds i have to play with both for land sales and for in game will be sILV that I claim (which is why first 2-3 months will only claim sILV) then the rest of the time mostly ILV and stake it for the long run (unless im short sILV in game and want a little more later down the road)

[minor gorge]

I see. Your game plan is to claim sILV near future, then ILV the rest of the way. This way you can buy land. gotcha

[manic spindle]

Looks to me like @mint cave was trying to convey that sILV always will have the advantage of providing liquidity a year ahead of an ILV claim. This would be true for the last sILV minted as well. If that sILV would be claimed as ILV instead, it would take 12 months for it to be unlocked. sILV is unlocked right away. But maybe Jeff has time to explain it to you himself in case I got the meaning of that message wrong 🙂

[ripe steppe]

Honestly, I too felt the same at first, cos it seems too good to be true, hence tryna figure out whats missing, spent like 5hrs asking questions on the discord, researching impermanent loss and stuff and its just epic, as far as im aware most if not all of the developers are themselves also staked in SLP, its just the way to go IMO

[meager hemlock]

Very well said. I think thats what he meant. Otherwise it doesn't make sense.

[umbral crane]

Ye jus a conservative estimate

[meager hemlock]

You guys mentioned land sale what is that?

[umbral crane]

In about ten weeks theres gunna auction off land (total pieces of land 106000) for the game

[manic spindle]

Please check the pinned GDDs in #🎮〕illuvium-zero and the proposal in #📰〕governance-news for info about the mini game and its land sale 🙂

[meager hemlock]

mini game?

So its a game inside a game (Illuvium) ?

[manic spindle]

=> #🥩〕staking message 🙂

[verbal lintel]

Nice to hear your vote of confidence! That will tide me over while I (hopefully) figure out the math involved 🙂

[meager hemlock]

Yes, I reading. https://gov.illuvium.io/#/ilvgov.eth/proposal/QmNab3vqQX3q2yTNSo1rwK5PzPgE8QxRnEA13jKz8gWQu9

The Illuvium Game Development team proposes to build a new game. This mini-game will have a smaller scope, and exist in the City Building
genre. The eventual goal is to have the mini-game interface with the main Illuvium game, for the purposes of revenue distribution and NFT
creation

[ripe steppe]

Blizzard has a market cap of around 50Bil i believe, and Blizzard doesnt let you truly own anything in game, or make money from your blood sweat and tears, or as a community vote on and craft the game together as it grows, also many other reasons, i feel a market cap of 100billion or more isnt ridiculous in 10 years

[ripe steppe]

Glad to help bro 🚀🚀🚀🚀✨✨✨✨

[manic spindle]

Let's keep this #🥩〕staking relevant here please and keep market cap, token price etc. in #💰〕token 🙂

[ripe steppe]

👌🏻

[bold knot]

hey guys, am new here and i would like to know what does it mean to stake and connect a wallet on the webpage

[ripe steppe]

Check the info pinned to this chat bro

[brisk surge]

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

[ripe steppe]

👆🏻 my message and slightlylargers message is good info to start with, feel free ask more questions later if you want to clarify the finer details

[cosmic flame]

how do I calculate my rewards if I stake? Im pondering whether I should or not.

[gloomy gazelle]

You can only estimate based on current APY. but since the APY is variable it’s not a perfect science.

[cosmic flame]

ok thanks. And is impermanent loss a risk only if I withdraw earlier than 12 months? or can that also be a risk if I stake the full year

[brisk surge]

Impermanent loss is caused by the 50/50 ratio of ETH to ILV, so it’s a risk no matter what. In my case the rewards are worth it, nfa

[bold knot]

thanks boss

[cosmic flame]

alright I need to keep researching about this concept

[gloomy gazelle]

!LP check these out and the link to the video

[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

[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

[cosmic flame]

ok thanks. So for the best APY I would need as much ETH as I have ILV (same total USD value). Im gonna work on that, I currently have much more ILV

[proud moth]

It's an image...

[meager hemlock]

Ohh I thought it was something different

[modern lodge]

My transaction failed due “out of gas”, but I follow exactly the procedures of Sushi Liquidity.
What could be wrong with that if tI can’t setup the gas ?

[brisk surge]

You likely need more ETH in your wallet to cover gas fees...which are very high right now

[proud moth]

1. Try reduce the number of decimal points to the tokens
   Or 2. Increase the gas limit

[alpine forum]

How do i stake in the sushi LP?

[brisk surge]

https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s

[tall herald]

Hi, I would like to unstack my ILV. I have 0 days but still have them locked. It'd changed now from 1 day to 0 days that is mean that I need to wait next 24 hours?

[brisk surge]

if it unlocks in 0 days i would assume its just a number of hours until you can unstake. so yes, it may be up to 24 hours

[tall herald]

ok thanks

[meager hemlock]

Question about yield farming rewards graph - https://miro.medium.com/max/1400/1*wzkm2sg6PJZD-X-oowsQ0Q.png

Why "fortnight" (every 2 weeks) is more than 80 on graph if there will be only 3 years staking available?
52 weeks * 3 = 156 weeks !== 80 * 2 = 160 weeks

[modern lodge]

Where do I change the limit of the gas on Sushi ?

[proud moth]

It will be on the transaction confirmation dialog in the metamask.
https://metamask.zendesk.com/hc/en-us/articles/360015488771-How-to-adjust-Gas-Price-and-Gas-Limit

[umbral crane]

I think maybe look wher eit started not on zero so yeah, just a guess

[brisk surge]

@neon isle ?

[modern lodge]

Thank you, I use 1Inch so I will look for it

[neon isle]

@brisk surge so i just wanna estimate how much gas im gonna spend so i dont run out of eth while staking. when i check gasnow i see that it cost 20.13$ on sushiswap rn. how many transactions am i gonna do that will cost that amount to stake on the SLP pool.

[strange onyx]

Anybody have a minimum of ILV they go by to make it worth staking? Like I’m not trying to stake just 1 hahaha

[ripe steppe]

Once the yield farming finishes 3 years after the start and there is only revdis, those of us who locked up for a year and our stakes have 2.0 weight, if we never withdrew them after the one year I know that they maintain they 2.0 weight, but once yield farming finishes, will anyone new coming in be able to stake in with a year lock and acquire 2.0 weight or will be be the only ones with 2.0 weight receiving revdis????

[brisk surge]

it costs gas to swap to ILV and to stake your ILV, so you'll want to have enough for at least two gas payments

[proud moth]

I would spare like $300 worth of eth

[brisk surge]

gas is also high now so id suggest waiting and see if it drops to closer to 30

[neon isle]

will it cost the same if it drops to like 40. or is that 300 considering the price rn

[brisk surge]

if gas is lower it will cost less. i assume his $ estimate is off gas prices right now

[neon isle]

is there by any chance i can see the breakdown of that 300? like per transaction? just so i can get my head wrapped around it a bit more

[ripe steppe]

i left 0.15 eth so I have enough for all the transactions for sure and plenty left over to be able to claim rewards down the line (also the inital staking costs are higher than withdrawals as staking is a more complex transaction than just sending eth to another wallet)

[ripe steppe]

have $300 eth, go through all the transactions, and the breakdown will become evident to u when u go thru the process

[neon isle]

i guess thats the only way of knowing for sure, thanks!

[ripe steppe]

best way to learn is through experience, but 0.1 eth at least is good to have on hand in ur metamask for transactions, the staking process is like 2-4 transactions, some with amplified cost due to complexity of staking transaction, when claiming rewards later on will be cheaper gas thanstaking

[proud moth]

Ah sorry i dont have the breakdown of that. But you should keep your eth balance high enough just in case if any transaction fails. 300 should be safe i guess.

[neon isle]

how about claiming from the slp. how much would the gas be at current prices

[proud moth]

You can track the transactions interacting with the contract so you can have a clear estimate of gas you need
https://etherscan.io/address/0x8b4d8443a0229349a9892d4f7cbe89ef5f843f72

[neon isle]

oh nice this is great thanks!

[jagged spindle]

What's the apy% right now on SLP 365 days?

[ripe steppe]

$15-30 per those reward withdraw transactions if u catch low gas fees (can be even lower and once ETH2.0 comes out should be super low gas fees)

[ripe steppe]

over 600%, check illuvium.io go to staking bit

[jagged spindle]

I'm at work was just curious @ripe steppe thanks

[ripe steppe]

Once the yield farming finishes 3 years after the start and there is only revdis, those of us who locked up for a year and our stakes have 2.0 weight, if we never withdrew them after the one year I know that they maintain they 2.0 weight, but once yield farming finishes, will anyone new coming in be able to stake in with a year lock and acquire 2.0 weight or will be be the only ones with 2.0 weight receiving revdis????

[ripe steppe]

precisely 608.37%

[jagged spindle]

Thanks man

[manic spindle]

Pretty sure you'll still be able to stake for a 52 weeks lock and acquire 2.0 token weight after the yield farming rewards are over. Would make no sense to me to differentiate here. Early supporters are already rewarded by getting the yield farm rewards for free. No need to cause an unnecessary divide between old/new stakeholders when yield farm rewards are depleted 🙂

[meager hemlock]

Can you please elaborate more on what I need to look there? I'm new to all this

[proud moth]

For example if you want to estimate the gas cost when staking, look for a transaction with method = "staking" and not in "pending" status. Like this one:

[meager hemlock]

@proud moth Thanks. Love when people provide visuals

[ripe steppe]

yeah thats a good point, i was almost like are we going to eternally have this insane advantage, but to be fair, the fact were getting in now is insane advantage enough, thanks

[dim wagon]

Keep waiting for gas to go down to claim my rewards and it keeps going up more 🙃

[floral scroll]

right? its a joke right now i've been waiting for days as im only staking about a grand

Im so tired of ethereum im too broke for this shit

[meager hemlock]

when you're locked in for 12 months does that mean also double the rev dis?
What is "rev dis" ? 🤨

[brisk surge]

Revenue Distribution.\

[copper dawn]

from the FAQ:

"Frequently, the Vault will buy $ILV from the Sushi $ILV / ETH pool. This $ILV is stored in the Vault and made available for the token holders to claim.*

You can let this accumulate until the value is high enough that you feel it is worth the gas fee. Pool weight is not used for distribution calculations, and instead, the system counts the total number of $ILV per pool and distributes it accordingly. Inside each pool, the token weight and quantity of tokens determine how much of the total $ILV purchase each token holder is entitled to.

*We use the term claim instead of vest because these token distributions are unlocked and do not have to vest."

[meager hemlock]

ok what is the difference between

• yield farming rewards (those are ILV or sILV rewards you get right?)
• Revenue Distribution --- what is this then?
  @brisk surge @copper dawn

[brisk surge]

yield farming allows you to stake your ILV to earn either more ILV or sILV(which can only be used in game). RevDis is the concept that illuvium will distribute the revenue it earns from the game directly to stakers of the ILV token.

[copper dawn]

All of these are explained in the FAQs and whitepaper. I strongly suggest reading through them to have a solid understanding of the project.

[meager hemlock]

So you only receive RevDis if you have staked? or anyone?

[brisk surge]

just stakers i believe. let me check quickly

[meager hemlock]

I tried to find RevDis in whitepaper - didn't see. Is it there?

[copper dawn]

Revenue distribution is only given out to ILV that is staked. It must be staked to receive the reward.

Here are some areas to read from:
Yield, distributions and rewards: https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507
Staking: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be
Staking FAQ: https://www.illuvium.io/staking-faq
FAQs: https://www.illuvium.io/faq

It answers most questions, such as what is sILV vs ILV, what ILV is used for, how to stake, what are the benefits behind staking, when will tokens be unlocked, etc.

[meager hemlock]

So basically until 2024 June stakers receive yield farming rewards in ILV or sILV and after that they only receive RevDis ? Those also give you ILV?

[ripe steppe]

yes, 2.0 weight is for yield and for revdis

[neon isle]

the preseed ILV is included on the revdis right? is their weight also 2?

[ripe steppe]

just stakers

[ripe steppe]

all ilv or slp staked for a full year are at 2.0 weight, once they are unlocked they still are at 2.0 weight forever until they are withdrawn, if u withdraw them then stake them again they go back to 1 weight unless u stake them again with a 1 year lock

[meager hemlock]

Just to be 100% sure - when game launches stakers receive 2 benefits:
a) yield farming rewards in ILV or sILV
b) RevDis --- also ILV???

and by the end of 3 years (2024 June) you will only receive RevDis?? Correct?

[copper dawn]

Correct. Yield is one type of reward that will continue until 2024. Yield rewards are impacted by pool weight and token weight. Pre-seed, seed, team, and treasury do not benefit from this until their tokens unlock.

Revenue distributions (revdis) will be given out when the game launches and during the land sale. It is rewarded to all staked ILV. Pre-seed, seed, team, and treasury will be rewarded with RevDis at x2 token weight. Pool weight does not matter, but token weight will impact revdis.

[neon isle]

yeah but does this include the coins that the founders have? and the ones from the preseed sale.

[manic spindle]

Team and Seed do get RevDis, yes. Their token weight doesn't matter though as they all have the same weight in their "not allowed to yield farm"-pool. See more about this here: #🥩〕staking message 🙂

[neon isle]

oh i see thanks!

[ripe steppe]

yield farming rewards are split 80% goes to SushiLP staked, 20% goes to ILV staked, revdis is equally distributed between everything staked overall not weighted in favour of SLP, rewards for revdis are also received in the same way as yield farming as far as im aware

[final steppe]

Yield farming rewards are also able to be claimed right now-- but yeah, also after the game launches 🙂
RevDis will be in the form of ILV as well.

After June 2024, no yield farming rewards will be issued. But any rewards that were claimed up until July 2024 will still be vested for that additional 12 months until they can be withdrawn (e.g. Claiming rewards in June 2024 can't be withdrawn until June 2025). Aside from that, it will just be revenue distributions, yes!

[meager hemlock]

I know what is pool weight. But what is token weight ? @copper dawn

[copper dawn]

pool weight impacts yield rewards. 3M ILV are distributed as yields until july 2024. 80% goes to SLP and 20% goes to the ILV core pool

[meager hemlock]

Man there is so much info to consume will take me like 6 months I feel 🤔

So token weight is just how much % goes into SLP or ILV pool?

[copper dawn]

Pool weight tells how much of the yield reward goes into which pool. Once there, token weight determines how much everyone receives in that pool

Example, if only the two of us staked in a pool:
Elnath04 stakes the following:
30 ILV at x1 token weight
10 ILV at x2 token weight

Puddles stakes the following:
40 ILV at x2 token weight

Elnath04: (30 * 1) + (10 * 2) = 30 + 20 = 50 ILV staked
Puddles: (40 * 2) = 80 ILV staked

Total staked: 50 + 80 = 130 ILV
Elnath04 staked: 50 / 130 ILV = 38.46%
Puddles staked: 80 / 130 ILV = 61.54%

[wanton nova]

seems like this at the beginning but when you dive into it it usually takes just a few days to fully understand it beccause its just so logical and perfect that it hurts

[ripe steppe]

been consuming hard for around 3-4 days and honestly i feel like ive got my head around enough to feel competent, it is an uphill climb a bit at first, but u just got to be curious, follow the trail of logic, ask questions and interact in the community and within a week of start anyone should have their head around much of it, a month in should be reasonably confident (always keep ur mind open tho to be wrong and to learn, there is a bunch of nuance to all this)

[ripe steppe]

its insanely logical and all the incentives set up in the system are perfect, the incetives for the leadership, for the players, for the stakers, for everyone are in the direction that makes everyone win, its epic!!!!

[meager hemlock]

In your example you said token weight - isn't it actually called pool weight? See picture:

Still not 100% sure I get the difference between those 2 terms..

[ripe steppe]

what u see in the image is token weight, u are adding weight to the token u stake in the pool

[meager hemlock]

why they say pool weight then there?

[ripe steppe]

pool weight, is the fact that the SLV pool is weighted 80% of the yield distribution and the ILV is weighted 20% of the yield distribution

[sonic lily]

How abOut xyz ?

[wanton nova]

see what he highlighted in the bottom of the picture. i agree that it should be token weight and not pool weight.

[ripe steppe]

revdis has no pool weighting, it is evenly distributed amongst pools, token weight does impact on revdis however as far as im aware (but i may be wrong on that)

[brisk surge]

i believe its just semantics. it means you are increasing the weight of your tokens in the pool by 2x

[ripe steppe]

yeah it is semantics, would perhaps be slighty clearer if it said token weight, i dont really have an issue with it but anybody that does feel this is an issue should post it in #814313819185741845 and they may change it

[meager hemlock]

Well they should change that since you are actually changing token weight why they say something about pool weight which is entirely different thing!? 🤔

Small misunderstanding in the beginning can lead to some bigger leaks in knowledge later on, imo

[ripe steppe]

it changes your weight within the pool, sorta the same thing but does have some confusion since the term pool weight is also used to describe something else, for sure message about this in #814313819185741845

include ur image above and explanation, improve the community, post in #814313819185741845 , were all building this together

[wanton nova]

This isn't just semantics this is a clear mistake and should be changed

1. Locking does Not change pool weight and 2. Pool weight isn't changed by 2x but it's 4y higher (and again has nothing to do with locking period)
   Elnath you should post your screen to feedback

[meager hemlock]

alright let me do it

[meager hemlock]

Done - #814313819185741845 message

[azure jewel]

So if you manually claim rewards it automatically stakes and vests for a year correct? I wouldn’t have to do another transaction that requires gas to stake it

[meager hemlock]

From earlier (#🥩〕staking message)

Revenue distributions (revdis) will be given out when the game launches and during the land sale. It is rewarded to all staked ILV. Pre-seed, seed, team, and treasury will be rewarded with RevDis at x2 token weight. Pool weight does not matter, but token weight will impact revdis. @copper dawn

https://miro.medium.com/max/700/1*XtR-DIPQxRjGkqF70meO2A.png
We are now in Yield stage so that means everyone when game launches will get only 1x rewards in RevDis vs those who got in very early are getting 2x?

[ripe steppe]

this is correct, just 1 transaction

heard it somewhere recently, but its around the same as fortnite if their last months revenue was to stay the same for the next year (and its in beta still and isnt even all that good a game gameplay wise lol)

[wanton nova]

see aarons pinned message. i think it works like this. person1 got 10 ILV in pre seed, person2 has 5/+ETH in the SLP pool with token weight 1 (flexble)i and person3 has 5 ILV+Eth in the SLP pool with token weight 2. There is 10 ILV given out as revdis. for distribution it is first looked how many ILV are staked in every pool (pool weight does NOT matter). So preseed pool gets 5 ilv from revdis and slp pool gets 5 ilv. Token weight only matters THEN. I.e. the 5 ILV revdis for the slp pool get split 50:50 between person2 and 3.

[ripe steppe]

yes for revdis pool weight doesnt matter, only token weight, this is correct, ..... but that everyone when game launches will get only x1 token weight, this is not accurate as i recently raised this point, and turns out even after game lauches, even when yield runs out, even in 5 years, anyone who stakes and locks their stake for a year gets x2 token weight, the fact that we are getting in this early and also gaining from the yield and higher APY is advantage enough and plenty for early comers (not to mention getting in at lower price of ILV, cos $500 for ILV is nothing compared to whats to come in the next years let alone in 10 years lol)

[storm cedar]

do you earn ILV and sILV from ILV core pool?

[brisk surge]

yes

[storm cedar]

ty

[maiden crypt]

are there any reason why i would claim my rewards now? from staking LIV

i can claim XXX LIV, but i thought they were locked.

[wanton nova]

wait, answer isnt 'yes'. You can claim your rewards as EITHER sILV OR ILV

[wind walrus]

You don't get both. You choose one

[ripe steppe]

okay so if they pulled in total $4.4bil per year then that means theyre pulling in $84 million per week (in ETH), lets say theoretically they buy ILV with all ETH intake weekly, that means $84 million every week of ILV would be purchased from the market and handed out as revdis, this revdis would automatically when claimed be locked for 12 months, so essentially theyd be buying weekly a shitload of ILV and then locking it for over a year, non stop pushing up the price of ILV, ultimately its the buying pressure created and the lack of selling as it everything bought by revdis is always locked for over a year (and many plan to not sell for over 5 years or only take small profits along the way because the long term investment is too juicy, why sell ur BTC at $1000 (when u baught it for $100) when u can wait for it to hit $1M lol, ....... . ....... otherwise with ur maths i dont think revenue can be used to workout market cap in that way, the better way is to see what is the total market cap of axie then divide that by 10mil and thats what the token price of ILV will be when all tokens are released and the marketcap is same as axie, axie market cap actually happens lol to be $4.4billion lol ... and if that was the market cap of ILV and all 10million tokens were released then 1 ILV would be worth $440 (which is actually lower than today) and this is how you know, based on the price people are currently willing to pay for ILV and the fact that we are barely at the start of the adoption of this game (heck the cinematic/gameplay trailer aint even out yet let alone the game) so is Illuvium going to surpass axie by the time the yield distribution ends in 3 years, i think thats highly likely, if not even earlier, its not like loads of people are super loyal to axie cos its so fun to play or anything its just all that was available at the time and even thats still in beta so actually illuvium might lauch their full game before axie lol

sorry that was a bit long guys

[wanton nova]

during the 1 year lock of your rewards they get rewards themselves. Your rewards are staked for 1 year with token weight of 2 in the ILV pool. there are calculators in the pinned messages to play around with claiming frequency and gas prices

[wanton nova]

claiming revdis does not lock them for 12 month, afaik

[keen crest]

Rev divs aren’t locked

[ripe steppe]

yes, when u claim ur rewards, from the moment u claim them (if u claim in ILV not sILV) those rewards are locked for 1 year in the ILV pool earning yield and revdis when game comes out, the reason to claim sooner is that APY% given through yield is slowly decreasing over time so the sooner u claim rewards the more APY you ear on them overtime

[ripe steppe]

u guys sure?

[keen crest]

100% read the tokenomics

[manic spindle]

Yes, RevDis is unlocked 🙂

[wind walrus]

yes. they are unlocked

[ripe steppe]

@manic spindle does claimed revdis also get locked up for a year?

[manic spindle]

No, then it wouldn't be unlocked 🙂

[ripe steppe]

aahhhhhh okay

[maiden crypt]

what is RevDis?

[manic spindle]

!revdis

[woven ibex]

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

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

[maiden crypt]

okey, so revdis happens when the game lauches?

[ripe steppe]

so then when u earn both yield and revdis at same time (when game comes out but before 3 years) when u claim rewards both revdis and yield are claimed simultaneously, yield is vested for a year, revdis is immediately unlocked but if we so choose we could also lock up revdis rewards for a year and get 2x weight (or lock them up with 1x weight) if we so choose, am i getting the gist?

[wind walrus]

Nope, will start when land sale goes live

[wispy ferry]

I saw that and actually believe Pool Weight in that statement to be in error. I think it should say Token Weight.

[maiden crypt]

any eta on land sales?

[manic spindle]

RevDis will most likely have its own claim option. Final UI workflow still has to be revealed, the team is still optimizing that.

[wind walrus]

10 -12 weeks

[maiden crypt]

cool

[ripe steppe]

yes once the game launches revenue received in ETH by the game will be used 100% to purchase ILV which will then be distributed evenly amongst all stakers

[ripe steppe]

there will be no revdis from land sales??? or? makes sense otherwise that the exact ui and interaction will be confirmed later

[manic spindle]

ETH used for land sale will generate revenue. sILV does not.

[maiden crypt]

i have 2 lp tokens as of now. shoud i go for that sweet 600% apy and 1 year lock=

[wind walrus]

Your info is a little off. Please learn a little more before answering questions

[wanton nova]

this is entirely up to you.

[ripe steppe]

so thats almost a 1 time revdis from all land purchases until the game launches and then at game lauch revdis is live fulltime kinda? and sILV used for land sales, is this simply burned or? (hope this is not entirely offtopic of staking, just tryna full get this)

[meager hemlock]

@wind walrus don't just say he is wrong. Also include what is correct information on matter

[wanton nova]

yes

[wind walrus]

I corrected both his statements. I didn't say wrong, I said off

[wispy ferry]

sILV is planned for burn whenever used for purchases which in turn burns an equivalent amount of ILV reducing the max token supply.

[ripe steppe]

as far as im aware technically doesnt burn that amount of ILV, simply that amount of ILV is never minted in the first place, never even comes into existence

[wind walrus]

that is correct

[wispy ferry]

True but same result

[ripe steppe]

totally appreciate that bro, im kinda operating on the principal right now that 'the best way to learn something is to teach it', so ive been learning as much as i can and now im trying to answer as many questions as i can to really test the extent to which I understand the full nuances involved here, and sometimes yes things get left out or misunderstood and these are pointed out by this awesome community and I learn and grow and continue to expand my comprehension, not about to stop interacting or trying to make sense of everything through my involvement unless multiple community members for some reason find my presence disturbing and wish me gone (which is luckily yet to happen), i like to think at least that i accept criticism and grown from it, were all learning here

[ripe steppe]

ultimately and basically, yes

[wind walrus]

Yep, more Silv = less supply. spend more silv. Mods just like the wording to be correct. They have corrected me several times and i appreciate the education

[ripe steppe]

the mods I have to say are actually awesome, they correct us when were wrong, but ive not once been made to feel stupid for being wrong or anything, really brilliant community i have to say

[manic spindle]

I actually feel bad sometimes to correct people for that but for those not understanding the tokenomics 100% they might suddenly expect sILV claims to burn ILV from the currently circulating supply or whatever other assumption people could make up. So I'd rather be safe than sorry 🙂

[ripe steppe]

you are an awesome person stormi

[wispy ferry]

Good point though. Could be misleading for those who don't understand.

[umbral crane]

Ye i thought it burned it too 🤦‍♂️

[floral scroll]

Guys $3000 gas fee to stake right now

is ethereum broken lol?

[brisk surge]

Obviously

[wanton nova]

another nft drop. see #795845536128303175

[wooden moon]

So when we stake ILV we have 2 incomes: ILV distribution and redvis. right?

[cunning perch]

ILV dis IS RevDis and the ETH in game is used to buy ILV and distribute it with the token stakers

[wooden moon]

isn't there another kind of distribution? we're earning reward now before the game is released

[cunning perch]

the rewards you're receiving now are called YF (Yield Farming) rewards and later you will also get RevDis which is in form of ILV

[wooden moon]

that! so when we stake ILV we have 2 incomes: yield farming and revdis

[cunning perch]

yep. (YF for 3 years only)

[clear cape]

In a way yeah, but keep in mind yield rewards are locked for 12 months

But yes, you get ILV rewarded in 2 different ways

[wind walrus]

Sorta, YF rewards will stop in 3 years. RevDis will continue as long as game makes money

[wooden moon]

so yield farming will happen for 3 years, then we'll have at maximum 10M ILV on market?

[lilac coyote]

It will be less than 10 million because sILV has already been minted.

Of the 3 million ILV for yield farming, each sILV subtracts from that amount.

[cunning perch]

there will never be 10m ILV as the more sILV is claimed, ILV total number is reduced

[wooden moon]

so when ppl take reward as sILV it burns ILV?

[cunning perch]

no. Burnin is deflation. when ppl use sILV, it stops minting ILV and therefore takes it out of circulation, and once used in game, sILV is burned forever

[clear cape]

It stops ILV from ever being minted, not 'burned'. They achieve the same thing but you need to note the difference

[wooden moon]

will we have some kind of time limit to claim revdis reward?

[lilac coyote]

It's an interesting mechanic/aspect to the tokenomics. Any theories on what happens to the liquidity pool as rewards dry up in yr 3? presume some may want to unstake at that point and just go solo ILV pool 100%

[cunning perch]

RevDis is like rewards. It'll keep on piling up until you claim it. ad it will immediately hit your wallet.

[lilac coyote]

Presume other more mainstream LP / CEX listing may obviate the need for the sushi LP

[wooden moon]

do u mean ppl sell their SLP, or ppl sell their ILV?

[wind walrus]

Some might but if you unstake you will lose you 2x weight

[cunning perch]

There will not be YF after 3 years. you can still stake and get Rev. after 3 years (since there is no more sILV), players will only have to spend ETH whcih goes directly for Rev

[lilac coyote]

True on the 2x weight...interested if that is outweighed by IL

[wooden moon]

so we can let it accrue and claim it 3 or 4 times a year?

[cunning perch]

you can claim whatever time you wish and how many ever you like to claim. It's all your choice. gotta be mindful of the gas. that's it. then you can stake or sell or just hodl

[lilac coyote]

presumably if still within the yield farming window you can stake for 2x in the solo pool

[cunning perch]

if you lock it again. 2x weight = one year lock.

[lilac coyote]

future problems to consider

[wooden moon]

after 3 years there won't be sILV anymore?

[cunning perch]

your unlocked rewards will hold their weight unless you withdraw them

[cunning perch]

as YF ends, there will be no more YF rewards and therefore no sILV claiming

[wind walrus]

it can still exist until all is used

[halcyon oracle]

In 2 years there will be a new game in the illuvium space if succesful, so your tokens wont die with the first game

[cunning perch]

your tokens won't die at all. Why would they? if you use sILV, you burn it. ILV will always be there as the governance token.

[halcyon oracle]

what i'm saying is ILV token wont be exclusive for just this game

[cunning perch]

yeah. whatever game comes out of ILV, will use the same tokenomics.

[wooden moon]

how many ILV is being distributed by yield farming?

[lilac coyote]

less than 3 million (less than because sILV decreases this total amount)

[wind walrus]

I believe 3m

[wooden moon]

so 7M is alrdy distributed?

[wind walrus]

No, did you read the whitepaper?

[wooden moon]

I think I didn't, sorry

[lilac coyote]

go to the #❓〕faq for all info

[cunning perch]

!read

[woven ibex]

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

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

[wooden moon]

I had read all medium articles

[cunning perch]

white paper is the first one

[delicate yacht]

Is ilv going to listed on more exchanges in the future?

[cunning perch]

yes, no one ones when. Will all know when the team and the exchange officially publish the news

[wind walrus]

inevitable

[crude gulch]

When do you guys think the gas fees are going to be lower?

[cunning perch]

when NFT minting stops. For now it's gonna be high. the floor has been about 20 so far.

[crude gulch]

Alright, thanks! Do you know if there is a widget on android for the gas fees?

[cunning perch]

I use the bot here on the right side or gasnow.org for detalied info

[crude gulch]

Ok, cool. Thanks!

[meager hemlock]

I received AXS tokens. I need to convert them to ETH so I can buy SLP and stake in Sushi LP pool.

But the problem is that I received them in BSC network. What would be the way to go?

1. Transfer AXS to my Binance account
2. There convert AXS to ETH
3. Send ETH back to Metamask
4. Proceed with staking steps
   ?

[cunning perch]

yeah I would imagine so. Haven't used BSC really.

Don't use Gasnow extension. It's been said it take all the info you type. Not sure though. Google it to be sure. But I've heard from many it's not safe

yeah. let me know what you find. Gotta have to refresh my memory

[burnt wasp]

I have just put everything I own into ILV

[cunning perch]

"everything you own"....even your underwear? 😄

[burnt wasp]

I have kept 2 sets of clothes and a laptop

[cunning perch]

ah good to know. got me worried for a sec 😄

[meager hemlock]

losing profits man 😔

[final steppe]

Okay, so you're wanting to get SLP tokens to stake.
Please know you get those from providing liquidity so you'll need to put in equal $ amounts of ILV and ETH on the Sushi site.
For example, $1000 ILV and $1000 ETH ($2000 total).

So you would like to swap your AXS to ETH, right? One quick option would be that "Swap" button in your screenshot which should give you the option to swap your AXS for ETH. Since it's on the BSC, you may need to pay your fees with the BNB token, like when we pay gas fees in ETH on the ETH network.

If you complete that swap, the ETH you receive will still be on the BSC chain and you could use that Binance Bridge I sent you before to move your ETH from the BSC network to the ETH Mainnet (https://www.binance.org/en/bridge)

[strange shuttle]

Is this correct? So the APY you get today means you could leave your tokens in there and continue to gain the extra ILV for the years to come. On top of that your rewards compound! What I mean by this is that lets say you locked your 1 Ilv for 1 year and your APY is 50% after the 1 year of staking you will have 1.5 ILV you will have the option to pull out your original 1 ILV and or the .50 ILV that you earned BUT the .50 ILV has to vest for 12 months until it can be claimed as ILV but during this time its still earning the original APY which was 50% so after the 12 month vesting period it would be at 1.00 ILV! So now you’ve turned your .5 reward into 1 ILV, let’s also say you kept that 1 original ILV in there during this 12 month vesting period, that ILV is still earning another .5 ilv during that time too. If you keep your original 1 ILV in for 1 year you would have 1.5 ILV and if you kept it in for 2 years you would have 2.5 ILV. 2.0 of that being able to be withdrawn as ILV at that time while the other .5 vests for another 12 months and earns another .5 ILV. So after 3 years you would have 3 ILV in total if you decided to pull out the 1 original ILV after 2 years. Very important to note If you don’t want to wait the 12 month vesting period you can claim the reward as sILV and it can be used in the game immediately. So if a year from now you just want to take your 1.0 ILV and your .5 reward. You could take the 1.0 of that as ILV and the other .5 as silv. sILV will carry the same value as ILV in the game. If ILV is worth $2,000 at that point your .5 sILV would be worth $1,000 as in game currency. Another important note is that you can claim your rewards at any time you do not have to wait for a year to do so. If we use 50% APY again this is how this would play out. So if in 3 months you would have .12 ILV saved up in rewards you could claim it as Silv and use it in the game immediately or have it vest for 12 months and earn interest and claim .18 ILV.

Staking benefits until 2024 of course. Just want someone to confirm this how it all breaks down prior to me releasing the video.

[kindred moat]

I am trying since an hour to swap more ETH to ILV for staking in Metamask but no matter how many times I try, it either gets frozen on "Finalizing" after checking 9 quotes or, much more often, I get "no quotes available". I can't find solutions on google, but I see this problem occurs with other people with other Tokens than ILV. Anyone has some advice for me pls?

[normal seal]

One simple question about total ILV supply. When ppl stake, they can get rewards. The rewards can be vested in ILV or sILV.

When choosing ILV, the ILV is minted at runtime to pay the reward?

In the other hand, when choosing sILV, the equivalent ILV is never minted but the ppl gets sILV instead that can only be used inside the game and is burned when used. So we can understand that the final total supply will be determined on how much ppl will claim for sILV (instead of ILV) during the 3 years period of the YF. Is that correct?

[ripe steppe]

even after yield farming window, u can still stake for 2x in the pools if you lock for 12 months (there will still be the incentive to luck up long term and receiving double weight for the long term stake) (2x weight remains even after the 12 month period until it is withdrawn) as soon as you withdraw it you can regain 2x weight but in order to do so you need to once more go through the lock for 12 months process to get it back

[meager hemlock]

Wow, I was eating and saw you composing message like 5min+, very well said. Even provided visuals is extra points in my book 👍 😎

Anyways, after doing swap I need to go that link in there connect my Metamask and read user guide how to transfer ETH to Ethereum mainnet network?
P.S. How many BNB I need for fees ~ ?

[ripe steppe]

you cannot vest or stake sILV, if you claim as sILV it doesnt get locked, its immediately usable but it only is usable in game ..... when you receive a reward it is not yet minted but it is reserved for you ..... if you choose to claim as ILV then it is minted ..... if you choose to claim as sILV, then an equivalent amount of ILV will never be minted and the total supply of ILV will be that much shorter overall ...... as for total final supply is 10 million minus the total amount claimed in sILV thats correct

[normal seal]

Thank you very much. That is what I expected

[ripe steppe]

the APY you get today is decreasing by around 3% every 2 weeks, fluctuates also depending on how much in total is being staked in that pool (the more people staked the lower the APY) (this will also increase when the game comes out and you also receive revdis for anything you have claimed, revdis will also be received on all land sales), with keeping all that in mind, yes you can stake every reward you claim (and anyway they auto stake for 12 months) but u can keep everything staked forever and forever keep staking any rewards earning and everything will continue to compound, even after 3 years when yield rewards end interest will still be earned through revdis only and the compounding goes on (albeit at a lower rate but still)) and ofc on top of all this compound madness... the price of ILV is also going up IMO so u get the gist

[meager hemlock]

Alright, to swap to ETH I need add this - https://bscscan.com/token/0x2170ed0880ac9a755fd29b2688956bd959f933f8.
Binance-Peg Ethereum Token is this same as ETH. I mean you gave me link to use bridge from Binance.

Will that bridge work with this Binance-Peg Ethereum Token ??
I guess im confused by the name and I'm not familiar enough with crypto to know what is happening exactly. So before I proceed I want some affirmation this is the way to go.

[normal seal]

I am not sure if here is the right place to put this question. But, what is the minimum amount of ILV a person must hold to participate and vote in Illuvium proposals (ICCPs and IIPs). Must be the tokens staked?

[strange shuttle]

so every 2 weeks the APY goes down 3% no matter what you started at?

[meager hemlock]

@strange shuttle No, every 2 weeks total ILV distributed to all people who have staked goes down by 3%.

[strange shuttle]

oh okay yes makes sense, that is what I thought I now see how someone could get confused with my example of 50% being available a year from now!

[final steppe]

I may have had the steps in the incorrect order... sorry for the confusion. Like I was saying, I am not able to use Binance because of where I live
It may make more sense to use the Binance Bridge to move your AXS to the ETH Mainnet.
Then once your AXS is on the ETH network, you can swap it for ETH

[meager hemlock]

@strange shuttle I asked this earlier today you can check answers here - #🥩〕staking message

@final steppe So you saying I should switch order:
transfer AXS to Ethereum mainnet network using Binance bridge.
And then use swap feature?

Also how much BNB is generally needed for fees?

[final steppe]

That is an option, yeah.
Keep in mind with that option, you may need to pay a fee in BNB to use the Binance bridge.
Then a fee in ETH when you swap your AXS for ETH.

[final steppe]

No idea about that, sorry! (I can't use Binance or the BSC network, remember :P)
Someone else may have some more info on that though

[strange shuttle]

@meager hemlock so what is the difference between APY and the ILV distribution dropping 3%? I think I’m still a little confused. I staked at 40% this morning does that mean 2 weeks from now it’s going to drop 3% and I will receive less and less going forward?

[meager hemlock]

@strange shuttle Did you look at the link I provided? I'm new to this as are you. I just know this:

No, every 2 weeks total ILV distributed to all people who have staked goes down by 3%.

Sorry cannot provide more info than that. Wait for others 🙂

[strange shuttle]

@meager hemlock I understand lol no worries, I did go to the link and seen what you asked and what they said but yeah just need more clarification. Seen they said the APY isn’t effected but the ILV distributed is.

[wispy ferry]

Does anyone know if sILV claimed after the game is live will automatically be minted on IMX or will we still need to pay the gas to send it to IMX?

[gusty osprey]

What is the risk of staking in SLP guys ?

[wispy ferry]

Impermanent Loss, usual risks associated with using smart contracts, risk of decreasing LP value if you choose to lock up your LP, etc...

[ripe steppe]

actually dont know, but i dont think the system will change so likely will only be able to claim through the metamask you deposited with (for security and other reasons liekly) and then deposit into imx... (but this is my guess may be wrong)

[normal seal]

I read somewhere that this is the path. You receive in the layer 1 (ethereum) and need to manually transfer to IMX (layer 2) to use inside game

[normal seal]

Does anyone know the answer?

[brisk surge]

Only council members can vote on the IIPs, when the next council nominations are being held you can vote for who you want see in the next epoch for the coucil.

[gusty osprey]

Does that mean that you won’t get as much as yield promised or you will lose money (in ILV) ?

[ripe steppe]

also whatever your ILV value is, the square root of that is the strength of your votes weight (when it comes to voting in a council member) so if you have 1 ilv ur vote is worth 1, if u have 100 ilv ur vote is worth 10, if you have 0.25 ilv then your vote is worth 0.5 (this way votes are more equally distributed and no whale has an insane amount of voting rights)

[gloomy gazelle]

There is no promise of yield percentage for anyone. There is only the report of what the current maximum apy is.

[normal seal]

Thanks @ripe steppe and @brisk surge

[gloomy gazelle]

There is going to be a specific amount of ILV distributed over the 3 years of yield farming. (Shown below) But it all needs to be shared with anyone that is staking at the time. So the APY is variable.

!yf

[woven ibex]

You can yield farm ILV in 2 main pools.

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

[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

[red echo]

01 days 11 hours and 50 minm with the stake pending...u think there is a error?

[gloomy gazelle]

Not likely. The gas gwei is probably too low to have processed

[red echo]

okey thankssss

[stone sierra]

Newb question here, if i claim my rewards as sILV, those tokens do not show up in my metamask account, they show up on the dashboard of my illuvium staking account. They are useable in game only, but will be available for land purchases? Is that correct? Thanks

[gloomy gazelle]

They are erc20 tokens that are in your metamask wallet. Just add the custom contract.

!contract

[woven ibex]

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

[gloomy gazelle]

But yes. You are correct.

[stone sierra]

so i should see them in my metamask wallet, i need to add the contract address?

[gloomy gazelle]

Yes

[stone sierra]

Thank you

[meager hemlock]

i wanted to say that metamask takes a 0.8% fee on top of the gas fee. #🥩〕staking message

I have AXS in my Metamask. Should swap it to ILV in Metamask using its swap feature or in sushiswap? Guy above says sushiswap is better.

Also fast googling confirms that:

A dynamic service fee that ranges between 0.3% - 0.875% is automatically factored into each quote https://metamask.io/faqs

SushiSwap charges a 0.3% fee for all trading pairs where liquidity providers get 0.25% and SUSHI token holders receive the remaining 0.05%.
https://phemex.com/academy/uniswap-vs-sushiswap#swap_fees

Opinions?

[final steppe]

I’ve only ever swapped directly on Sushi 🙂 But have you checked the fees on both? You could start the first step of a swap on one just to see how much your fees would be, then reject the transaction. Then start the swap on the other platform to see your fees. Go with that one if it’s cheaper, or reject and go back to the other platform if it is cheaper

[mint cave]

i'd check out 1inch if you;'re looking to min-max buying

[meager hemlock]

I want to add all available funds to my Sushi LP stake. Thinking now the best way to do it with this balance

[upper swan]

Swap AXS to ETH on sushi and then use zapper.fi to zap into ilv/eth

[clear cape]

Iz zapper fi better than sushi for SLP ?

[upper swan]

It does the same thing just costs less gas

[clear cape]

How much less we talking

[upper swan]

Probably like $40-60 compared to putting the SLP together yourself

[clear cape]

Damn nice

[meager hemlock]

Can I actually see this by trying to buy SLP both on platforms sushiswap and zapper.fi? Rejecting just to see what will be the cost?

[lilac coyote]

just taking a look at it, seems good if you are just starting with ETH?

[upper swan]

https://etherscan.io/tx/0x95dd260da9a1d4f781d3fb3a0e805e90a0cb3f33f17049045055e5c4c5fa18a1

if you look at transactions for the contract on etherscan you can see people entering the pool for roughly $70 in gas

[ashen tiger]

I have staked all I can afford to for the foreseeable future. ILV can moon now please.

[meager hemlock]

That is with zapper.fi right? What about sushiswap link to transaction on that? Maybe it had similiar cost?

[upper swan]

https://etherscan.io/tx/0x0da36602d99435ec1f51d975be8fa6c57333654021e010b58c80993df4c11199/

That guy did it for $46 plus $31 to swap so it's similar gas prices

[meager hemlock]

So in the end there is no difference?

[upper swan]

Looks like it

[abstract comet]

does etherscan have 2fa security on accounts?

[gloomy gazelle]

I can’t remember if that was an option or not

[abstract comet]

yeah I don't think it is, which is pretty weird for a crypto website. Seems like a pretty big omission.

[clever swan]

Yoooo slp apy dropped below 600% 😅

we still gonna make it?😀

[noble bridge]

thats because ilv price dropped

and had large growth in volume in the slp pool

[clever swan]

So price drop + more slp bad

[noble bridge]

bad for apy

remember its pooled the more people that enter the pool the less rewards you receive ie:lower apy, the price going up has been partially what has been sustaining the APY with the rise in pool growth

on top of the fortnight decreased

[clever swan]

I can understand more slp diluting token distribution but how does price factor in since amount decreasing over time is fixed

Ah if price increases ppl unstake to sell

Now it all makes sense i think

So high slp apy wants price increase to offset slp staking increase to incentivize ppl done with their lock or flexible to unstake and take profits

[unique bear]

Hey guys, say you've got multiple staked SLP with differing lock periods (and habce token weights) and for arguments sake, let's say you also have similar in the ILV pool, when you collect rewards from that are coming in from all different individual stakes, are those rewards then divided up and accumulate further rewards based on different token weights?
And at the end of it all, can you claim all the rewards from different pools/Vesting periods all in one go if they are unlocked (saving on a million different individual gas fees)?

[winter sky]

I have ILV in my metamask wallet and the https://staking.illuvium.io/ website is connecting to it when I try to stake to the ILV pool, but not the Sushi LP pool (which is the one I want to stake to). Anyone know why that is, or what I need to do?

[proud moth]

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

[proud moth]

1. Yes
2. No

[unique bear]

OK so regarding point 2. Then one should consider the gas when claiming the unlocked rewards vested for 12 months if you claim too much as well

[proud moth]

Check out the spreadsheet (in pinned message) from Cooper, it may help you decide how frequent you want to claim.

[unique bear]

Yeah I've gone through that spready. Don't believe it accounts for the gas when you transfer back to your wallet, which is essentially double what I'd assumed/hoped for when the time comes to profit back to $$

[gloomy gazelle]

Not only that. Your SLP tokens are not increasing in value as quickly as your ILV reward tokens are. So the APY goes up when ILV outperforms ETH. APY is calculating your return on USD value.

[gloomy gazelle]

!LP check out the info below and the video already shared with you.

[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]

Mate just in regards to this. After getting the SLP token, do I need some spare ETH in my wallet to cover the gas for staking?

[gloomy gazelle]

Yeah for sure.

At current average gas prices you will need at least hundred usd with I’d say to be safe. More to be safer. Even more if you have big bags and are gonna be claiming a lot to make your rewards compound.

[brisk surge]

Thanks

[clever swan]

interesting. so many factors going into whether I can retire early or not 😆

[gloomy gazelle]

Thank you for not saying how can this be right. For some reason I’ve had a lot of people not accept that this is how it must work with the SLP pool apy.

[clever swan]

yeah I never got into financial products before so it's interesting to learn and experience what people are doing on the cutting edge with crypto.

[signal wraith]

Gas eats all the money ;(

[brisk surge]

Hey guys, had a staking related question: the website says that I need to vest my rewards for 12 months - does this mean that I can only have access to my liquidity and have to wait 12 months to get my staking profits?

[gloomy gazelle]

That is correct.

!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]

Watch the how to video

[brisk surge]

THX

[tall herald]

I want to withdraw ilv but got info can not estimate gas transaction ... what to do?

now header not found ...

ok now seems to work

[brisk surge]

i can decide between ILV and sILV when I withdraw the rewards right?

so i can change my mind in 5 months for example

[cyan rampart]

Whenever you claim rewards, and every time you claim rewards, you get to decide whether you want ILV or sILV.

[brisk surge]

thank you, sILV can be immediatly used right?

[cyan rampart]

Correct, sILV isn't subject to vesting at all. It'll claim straight to your wallet.

[lament gull]

ive read somewhere that you can buy eth and stake it without paying for gas fees, any truth to this? if not, where is the best place to buy eth so i can stake ILV at the most efficient way (minimal gas fees as possible)

[cyan rampart]

I don't think that's possible. You can buy ETH without paying gas fees on some CEX's. You can also buy ILV without paying gas fees on some CEX's.

But staking ILV is an Ethereum Mainnet transaction, and it takes gas no matter what. It's also worth noting for clarity: You can only stake ILV or SLP tokens (50/50 ILV/ETH). You can't stake with just ETH.

[clear cape]

man sushi LP pool is madddd expensive these days hahaha

Bruh i tried to stake my SLP twice and it took my money both times but it still didnt go through wtf 🤡

[gentle needle]

How do you check the Sushi LP price?

[clear cape]

usd value / # of slp you have

[quick flare]

looks like APY decrease significantly today after the announcement

[cyan rampart]

SLP went down a bit (591), but Core Pool is still at about 80% rn.

[clever swan]

yeah rewards slowed down considerably last 2 days

[ruby ridge]

Hi guys, probably the question I'm about to ask has been asked before. But I just need some advice before making decision. I've only had 2 ILV atm in MetaMask and am still planning to accumulate more over the months after payday:

1. Should I accumulate all in 1 shot and stake into ILV pool to save on gas fees? aiming at least 5 before year end (ain't no whale here ☹️ )
2. OR to stake whatever I have now and hope the current 80% APY is enough to cover the opportunity cost?
   🤔

[granite halo]

650-591 is more than a bit... are we gonna be at like 200% APY by December?

[clever swan]

we need price to go up so ppl start unstaking and sell

[hollow geyser]

Hey @manic spindle you normally are super helpful! With the Ilv/eth staking pool. When you lock up on sushi swap then lock your SLP on Ilv website if you need liquid for some unforeseen life circumstance can you pull out all of your funds? And if so is there a fee ect?

[clear cape]

Can anyone tell me why i keep losing money when im trying to stake in SLP pool?

I hit confirm when the first pop up comes up and then the second pop up comes up, but then meta mask says 'transaction confirmed' and it takes money out before i even hit confirm for the 2nd pop up

[granite halo]

If I want to stake twice, now with 3 ILV, and then later with lets say 7... besides having to pay gas fees to claim rewards before restaking, is there any other disadvantage I am looking at? Will my old stake, and new stake be rolled into one from there on out?

[hollow geyser]

That’s correct

[manic spindle]

If you locked your stake, there is no pulling out before the lock period is over 🙂

[granite halo]

So I won't have to like click claim rewards on two different stakes(haven't staked yet, so I don't know the UI very well)

[clear cape]

Stormi u got any idea whats up with the thing on my end ?

[hollow geyser]

As always thanks champion

[ember ginkgo]

It says insufficient funds?

[clear cape]

(I think i had enough) but my main question is it still kept charging me for the first pop up that comes up. Was this due to the first pop up that i confirmed? So you get charged for the first pop up AND the second pop up for sushi LP ?

[manic spindle]

You might just have claimed one pool now, yeah. Could check that under Vesting to see if there is something there (unless you claimed sILV then those should be in your wallet)

[clear cape]

Yeah i think thats what happened lol, i pretty much just pissed money away hey. So I claimed for the first pool which is what i got charged for and then i still need to confirm the next pop up to stake my SLP ?

[manic spindle]

Claiming LP pool rewards should be two transactions to my knowledge, yes. 1 for ILV pool, 1 for LP pool.

[clear cape]

ah i see, wish i didnt burn through all this cash for this fml lol

I knew Sushi LP cost double but first time i got rekt by claiming for one pool and not getting my stake down

[ruby ridge]

so it means that it would be better to accumulate ILV 1 shot and stake it 1 time yea? instead of staking say 1 ILV monthly and having to pay for restaking gas fees?

[manic trail]

Welcome to the crew man, I got the same, I also got rekt

[clear cape]

Worst thing is i tried to do it like 3 times so fkn lost like 120-150 usd probably, how many times did you do it

[cyan rampart]

Yeah, if you're on limited capital you definitely want to save your money a bit, buy ILV in one shot, and stake it once - claim only when it's worth it for you and gas is low.

[manic trail]

same 3 times or so when the smart contract was aroung 150$, so apprix 450$
(20% of my Illuvium investment lol)

[clear cape]

Fuck man it's the worst feeling. Im already a bit annoyed because i put ILV into flexi stake a day ago, and then this announcement drops so im changing it to SLP. which means i had to withdraw ilv, change into eth then SLP and now im getting fucked hard lol

i swear to god ILV better pop off for me hahahaha this is ruining my mood today

[manic trail]

Don't let it ruin your mood man. I then also got rekt 300 more dollar because I failed creating the correct amount of LP so I had to restake (Additional fees)

We're in the same boat the at the end fee will be recovered as we locked it 1 year)

[manic spade]

Same!! yesterday i lost nearly 300 dollar as well due to staking & restaking for ilv & slp

[cyan rampart]

It doesn't get your gas back, but I wasted about $150 sending ETH to BSC and then recovering it. I think we've all blown some cash on mistakes before

[clear cape]

Yeah i think it happens to everyone when they are new to the defi space one way or another haha

[manic trail]

We are the reasons gas fees are so high, doing too many transactions because of too many mistakes haha

[clear cape]

Lmfao

[manic spade]

while adding SLP for staking i am sure i had 0.17 SLP but after staking it became 0.12 SLP ...i am sure the gas fees i paid was from extra ETH in metamask....can someone make sense of it?

[clear cape]

Normally i wouldnt care but i locked up so much of my portfolio up that i use to actually live on since im a student and choose not to work, losing more of my liquid funds is a lot more painful haha

[manic trail]

Nope, gas fee should take it on your ETH and not SLP.

[manic trail]

I would take a look at transactions on etherscans to understand what happened 🙂

[ruby ridge]

thanks man 👍 just hope ILV price doesn't spike after trailer release 🥲

[manic trail]

Good news it's postponed for 7 weeks min

[fresh basalt]

Hi guys, kinda new here but have been researching Illuvium for a while now. Any reading or article that has done a fundamental analysis on Illuvium as a company why people are so bullish about it? Thanks!