🥩〕staking

[cunning perch]

You can use the Chrome Extension version of it. It's pretty easy and handy. But it's on PC not Mobile

[trail river]

looking for a solution different from browser extension. Mobile with wallet connect is fine. Trying to find what are the best options for android and/or iOS (good security and eth defi support)

[cunning perch]

You can check Coin Bureau YT channel. Guy explains about the best mobile wallet apps. Then you can decide what works best for you.

[lyric folio]

Hi team. I thought I understood the fundamentals of staking ILV (in both of the single and SLP), but seem to have 1 gap in my understanding. Or one misunderstanding that I can't get my head around. So I have a question regarding staking rewards (not revdis).
OK, so I understand "A total of 3 million ILV tokens will be distributed over a three year period." But is it possible that the 3 million tokens will be distributed before the three year period is up?

As a theoretical example, say an equivalent of 1 million ILV tokens are staked in the Sushi LP. The SLP will have an average APY of ~500% (approx.) over the next year - since it is currently 547% but dropping 3% every fortnight to 459% after 1 year from today. The 500% average APY with an example of 1 million tokens staked would mean 5 million ILV tokens would be distributed over the next year? This is more than the 3 million tokens available to be distributed. So in that case would the 3 million tokens be distributed after just over half a year? Following that there would be no staking rewards?

I realise I may have some fundamental misunderstanding. I also realise that my example numbers are just example numbers and there are currently not an equivalent of 1 million ILV tokens staked in SLP. Any enlightenment? Thanks team

[trail river]

thanks

[paper wind]

I think the APY reduces the more people stake. The amount of tokens to be issued is fixed.

[trail river]

Q: But is it possible that the 3 million tokens will be distributed before the three year period is up?
A: no. They have a plan to disperse the 3 millions over time. It's a pre planned dispersal with a fixed amount every week

[lyric folio]

OK thanks qq and OnePunch. Your answers align. So my misunderstanding is around the APY. I was under the impression that this was locked (currently 547% and decreasing 3% per fortnight). But if we reached the theoretical numbers in my example, the APY would reduce to ensure the 3 million tokens were distributed over the full 3 years? Still just trying to get my head around this.

FYI I hope no one interprets this as FUD. I am currently staked in the SLP locked for 1 year. Genuinely trying to patch the hole in my understanding before I put more money in 😆

[fresh grail]

Someone had a great analogy for it. Think about you having a full cup of water. Next week another 2 people come in and share your water. You still have the same amount, but now you need to share it. Then in 2 weeks you have 3% less water, but another person comes in. Making it 4 people with 3% less water then 2 weeks ago.

[trail river]

Yes. The APY is adjusted based on how much people are staking and how much tokens left to be distributed . But once the game is launched, fees from in-game purchases will be used to pay rewards to the stakers too. This will also affect the APY, but in a positive way.

[manic spindle]

RevDis won't affect the APY you see for the Core pools. That APY is related to the yield farm rewards being paid out. RevDis will increase the overall amount of rewards you get for staking ILV though, that is correct 🙂

[trail river]

revdis will be used to pay people staking SLP too, right?

[cunning perch]

yes. any stake receives RevDis. In SLP, only amount of ILV in it counts and not the ETH

[trail river]

So after yield farm from initial supply is out (after 3 years), rewards will come from revdis only. So you are saying the APY you see in the core pools will display zero?

[manic spindle]

That's what I would expect, yes, because RevDis cannot be predicted, so how would you even want to calculate an APY? 🙂

[trail river]

I understand it's difficult, because can not be predicted. I don't have the answer. Just trying to figure out what should be presented to the stakers when this happens

[manic spindle]

I'm expecting 0% for the APY to be shown, yes. Simply because the APY is related to the yield farm rewards. I don't know though how the RevDis Claim etc. will be integrated into the UI. Maybe @hexed bough is able/willing already to share some info about that 🙂

[lyric folio]

OK. So the number of tokens distributed in each 2 week period is fixed, and defined from the start. And you will receive your staking rewards based on your % of the pool. So your APY may drop if a lot of ILV is staked (by other people). And the APY may rise if not much ILV is staked (by other people).

So the total distributions over 3 years is 3 million ILV. The AVERAGE distribution is 1 million per year (I realise in reality it is more like an exponential decay). But if 1 million ILV was staked, and the average yearly distribution was 1 million ILV, then the average APY would be 100%. Is that correct?

With exposure and token unlock, I expect a lot more buy in and staking. Also, i'm not sure what '20' is on this token unlock schedule (https://docs.illuvium.io/whitepaper/tokenomics/#token-supply-details), but by that time there will be 7.5 million tokens circulating. It wouldn't be unreasonable for 1 million to be staked at that time.

[mellow hull]

The payout curve is logarithmic and will get close to zero but not reach zero until the payout period ends.

[floral widget]

Less , as it only pay the ilv part

[coral tapir]

the issue I had with getting my wallet reconnected is now resolved. Seems to have been an issue with MetaMask. Still having an issue trying to claim rewards.

[lyric folio]

OK I fixed my understanding. I've just seen the SLP Pool APY go from 537% to 540% because the TVL decreased from 196M to 193M. So the Pool APY does change depending on the TVL. Makes sense now, thanks everyone 😆

I made this while trying to get my head around it all. May end up helping someone (or confusing you more haha) https://docs.google.com/spreadsheets/d/1_tlTZDlhUC4nQ5ussjNPBT-ak1h4rbtnePkLpPMzrfI/edit?usp=sharing

[hollow vessel]

Me too. Can't claim reward. Have you solve this?

[coral tapir]

I have not yet. I’ll reply back when I figure out my fix. When I go to claim I get Error [Object] [object]

[hollow vessel]

Same error friend. I will DM too if I solve it. Thanks

[opal halo]

Hi. My staking period expired last week, I claimed reward but I want stake illuvium again for different pool and period . Have I need withdraw first my deposit illuvium to stake again? When I try to stake on sushi pool my amount is 0

[cunning perch]

!lp you have to withdraw so your ILV goes back to your wallet and then if you wish to join SLP you have to add the same amount of ETH in $ + your ILV and then take the SLP back to the website and stake it

[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

[opal halo]

Thanks

[ornate cypress]

I heard something about v2 staking where now you have to lock up tokens for two years to get 2.0 weight is that true?

[cunning perch]

you can read all about it in #809220563397902346 pinned messages

[sacred sable]

Best thing I did yesterday was go on some websites to try to find a compound interest calculator.. some had a limit of 50 percent as input. Trad fi is finished

[ripe steppe]

Theres a good calculator by deraji in the pins of this chat that is really good (made for ILV and has 1yr and 3yr predictions based on your total stack and what price you see ILV reaching) fun to play with,

[fading nexus]

I have a problem where I can't connect on mobile using metamask app. Is this problem occuring with more people?

[storm cedar]

I hear mobile metamask is having some issues

[fading nexus]

o, ok, so it's a known problem? Do you know if it is getting solved by metamask? I can't find it on their twitter,..

[cunning perch]

Yeah I had a problem with the mobile version a few weeks ago too. I mostly use the extension. Hate the app on mobile

[sacred sable]

That just made my day! Thank you 🙏

[fading nexus]

Hmm,... Hope it will work again soon. I normally connect through the illuvium website with the metamask app on my iphone without any problem, but now it suddenly can't connect grmbl 😡

[cunning perch]

Yeah I never trusted the app on phone anyway that's why I used the Chrome Extension connected with a Ledger

[storm cedar]

Same as me, the best option is to connect to a hardware wallet

[muted timber]

When migration from v1 to v2 happens, should I expected the fee to migrate to be similar to how much it costs to claim rewards now?

[pulsar cobalt]

I'm looking at the core pools. and I see and ILV and Sushi LP. can someone explain the difference? sushi LP has a much higher APY

[cunning perch]

The fee should depend on gas at that time. If you've locked for one year, then probably till then ETH 2.0 will be out. So there wouldn't be a problem

[cunning perch]

! LP 80% of the rewards goes to SLP so it has higher rewards. You can read about it here 👇

!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

[muted timber]

Maybe I'm understanding this wrong, but I'm talking about the IIP of migrating our staking to v2

[cunning perch]

Yes. To migrate you should pay gas as it's a smart contract in itself. So, the gas you pay then should be lower IF ETH 2.0 is out by then (if you've locked your tokens for one year ofc) also claiming fee should be affected by it as well. All depends in gas

[muted timber]

The way I read Aaron's preliminary proposal was that when staking v2 comes out then everyone's stakes will be unlocked so we can move everything over to v2 before earning rewards again, no?

[pulsar cobalt]

asside from the risks of impermanent loss, is there any other risk associated with sushi LP?

[cunning perch]

No. V2 will not have anything to do with unlocking your tokens. After the implementation, when your tokens unlock, you have to do the migration.

[cunning perch]

Price movement, being locked (you cannot touch it) and (for now) 2 had claims for two transactions

[muted timber]

Oh wow okay I completely misunderstood the IIP. I'll make sure to read the official proposal more clearly when that comes out haha

[cunning perch]

Sure. You can ask whatever questions you have as well. But make sure you fully read the proposal. It still needs a bit of clarifications here and there I give you that

[pulsar cobalt]

This is my first time staking anything, so I want to make sure I do things correctly

[cunning perch]

!staking you can read here and ask if you had any questions

[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

[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

[pulsar cobalt]

should I choose to get rewards in ILV or sILV?

[manic spindle]

That is up to you. They serve different purposes 🙂

!ilv

[woven ibex]

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

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

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

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

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

[manic spindle]

!silv

[woven ibex]

sILV is a substitute currency that can only 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. The value of sILV in the game - and for possible sales where sILV is allowed - will be equal to the value of ILV.

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.

[slim phoenix]

I was about to buy Sushi this morning to get my LP tokens when I noticed the price and the Sushi announcement. I guess I plan on sitting on the sidelines now, but is there already a discussion going on about ILV being tied to Sushi?

[cunning perch]

!lp ILV is ON Shushi. You don't need Sushi tokens if that's what your asking. If you're planning on joining LP then you need SLP tokens for which you have to add ETH + ILV. The details can be found here

[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

[slim phoenix]

ok that was my error. that makes much more sense being tied to eth. ty.

[cunning perch]

No worries 🙂

[warm knoll]

btw when you switch eth to ILV on sushi you need to send it back to your metamask wallet ? (with fees i guess). Why not do the switch from Metamask directly ?

[pulsar cobalt]

I just finished staking SLP. I see it on the illuvium website, but is there a way I can see the staked amount in my own wallet?

[slim phoenix]

https://debank.com/ search your address on debank... it should show up there - no need to connect, search only

[pulsar cobalt]

perfect, thankyou

gas fees were quite expensive, is there a best time to do transfers?

[brisk surge]

gas actually isnt bad right now, looks to be around 80 just looking at the gas tracker bot. good gas to look for nowadays (unfortunately) is between 50-80, anything below 50 is a steal

[pulsar cobalt]

wow. to do the transfer from ETH and ILV to staked SLP, I went through about 4 gas fees

It would be great to be able to see the Gas range in the past 24hrs on the website. Currently, the website lets us know the current gas price, but It would have been nice to know the range so I could save a bit on gas

[visual gust]

Has anyone had an issue where your staking balance doesn't show up after you connect your wallet?

[brisk surge]

try throwing a message in #814313819185741845 about it! I also think that would be a nice feature

[brisk surge]

Do you mean you cant see your staking balance on the illuvium website?

[livid portal]

Yeah, I'm having an issue "connecting the wallet" altogether...it stays in the spinny wheel of death...

[visual gust]

@brisk surge yes

[crimson spindle]

I am having the same issue.

[brisk surge]

huh. just went onto the website and im also unable to load my rewards and vesting as well.

[crimson spindle]

It appears we have a problem connecting wallets @hexed bough

[brisk surge]

it says i have no vests. my page loaded.

[crimson spindle]

Carlos will fix it.

[brisk surge]

https://tenor.com/view/praying-pray-snoop-dogg-begging-please-gif-12502205

[cunning perch]

wallet connects, I can see my stake and pending rewards, Vesting keeps on loading and not showing anything. Probably needs a bit of mainenance

[hexed bough]

Yup looking into it now, should have a fix in the next few minutes. Apologies for the inconvenience

[brisk surge]

all good, we appreciate you leaping into action so quickly. it seems as if the dashboard displays the correct information, but as arash said my vesting tab wont load

[visual gust]

Well, at least its not just me having the issue, lol

[fading nexus]

Can you look if the problem I have with connecting on mobile with meatamask app can also be solved?

It used to work like a charm.

[hexed bough]

I was looking into that as well, fairly certain it's an issue with the MM app

[cunning perch]

Thx Carlos. No worries when the best is watching over us 🙂

[plush badge]

POST mainnet.infuria.io returns http status 429 (too many requests)

[hexed bough]

We made a change to how we make requests to the ethereum network to optimise the amount of calls that were made. Something has buggered that change in prod, which we didn't see in testing. We've rolled back the change, and will continue to investigate what caused the problem. Again apologies for any inconvenience peeps. The vesting and rewards pages should be working as expected now.

I've also seen that some people are experiencing issues connecting their wallet, looking into that as well. If you're experiencing this problem, please share details. Thanks!

[cunning perch]

Thanks Carlos. Appreciate the fast response 🙂

[hexed bough]

my pleasure, and a big thank YOU to you and to everyone else that reported the issue

[mellow hull]

Thank you for this

[lilac coyote]

I believe MetaMask was updated today, perhaps what is the root of the issue

[plain marsh]

@hexed bough Follow up to earlier posted issue that others were seeing:
I just restarted to update Chrome, and now when I attempt to reconnect my MM wallet (via WalletConnect) the Dashboard/Rewards/Vesting pages all show the spinning load wheel. I can see my wallet address and recent transactions when I click the address button at the top of the page though. WalletConnect issue? I tried disconnecting and reconnecting, with no luck.

I just opened the site in Brave, and used the direct MetaMask connect (instead of WalletConnect) and it seems to work fine.

[hexed bough]

Hey thanks for sharing this. There is an outstanding issue with the walletConnect 'connector', which we're looking at but it's not a straight forward fix. As you mentioned, you should be okay to use MetaMask instead.. but we will hopefully have this fixed very soon.

[oak oar]

Hey question about staking ilv/eth lp tokens. I staked them for 12 months a month ago. I know my lp is locked for 12 months, but could I claim my ilv rewards and restake those ? Or can I not claim rewards until the 12 months are up too?

[white aspen]

Hi there - there is always a certain risk when farming into a liquidity pool so was wondering whether there was an existing partnership with an insurer in case of an attack against the Slp and the funds were syphoned out as we have seen with other protocols?

[fading nexus]

Hmm,... I am not sure about this lying with metamask. I click connect, then choose metamask and then the menu dissapears. It is not even attempting to make connection to the metamask app or pushing me through to metamask to confirm that I want to interact like it used to do. My guess is that it is something on your site not trying to connect with metamask app.

[hexed bough]

Apologies I thought you were talking about an issue with the MM browser that's built into their mobile app. What browser are you using? - edit: I see the issue you're referring to now. looking into this.

[hexed bough]

You should be able to connect using WalletConnect now, and moving forward. We're going to remove the MetaMask button from the choose wallet modal in mobile shortly. @plain marsh - walletConnect option should be working for you as well now

[plain marsh]

Just tested WalletConnect in Chrome, it did work .. better. It shows my data on the pages.
However - the icon/button/link to the wallet at the top of the page which normally shows the address is empty (just a little ring)... and if I use the refresh button in Chrome it disconnects and requires manually reconnecting. Both of these function as expected on Brave/direct MetaMask connection.

[hexed bough]

Yea I noticed this too, will fix it asap, thanks pal 🙂

[plain marsh]

Welcome! glad to help

[gleaming brook]

Yup…

[gleaming brook]

Can use zapper.fi

Hi All, why is the total amount staked exceeds ILV current market cap? Thank you

[wide eagle]

https://tenor.com/view/math-calculate-confusing-figure-out-gif-6237717

[elder dawn]

current market cap only considers circulating supply. All claimed rewards are uncirculating, but staked. As of this morning, there's over 430k ILV staked that aren't considered circulating

[gleaming brook]

Thank you! Got it, forgot about those staked rewards 🤦🏻‍♂️

[brisk surge]

dang so the price of ILV will just keep going up once these rewards unlock?

[elder dawn]

market cap is the key - as tokens unlock and hit the market, price will likely go sideways or potentially down. Revenue distribution will be the counter to that, as people are incentivized to remain staked, keeping the real circulating supply low

[brisk surge]

so is all staked ILV not in circulation? or is it just the locked ILV that has been claimed?

[elder dawn]

the base staked tokens are considered part of the 630k circulating. At this point, about 500k of that is staked between the two pools at varying lengths of time. On top of that 500k staked, there's another 430k ILV that is claimed yield farming rewards that are also staked, but aren't circulating. That's confusing, apologies.

Trying to break it down more - in the ILV core pool, there are about 300k circulating tokens that are staked, plus another 430k tokens that are claimed rewards (not circulating). In the SLP, there are about 190k ILV that are staked, but those essentially remain in circulation because they can be bought and restaked, as what is really staked are the SLP tokens, which are just a percentage of the liquidity pool.

[ivory sun]

Appreciate the articles about staking/divergence loss and work for the spreadsheet Deraji. Thank you.

[brisk surge]

thank you this answered my question

[cinder trench]

hi

[celest yacht]

Hi...I am planning to stake on LP pool...is there any locked duration or is it free to withdraw anytime?

[elder dawn]

your choice. when you stake, you have the option to stake flexible and earn 1x, or lock for up to 52 weeks and earn 2x rewards

[celest yacht]

Ok great...what makes sense in the long run ...the ilv only or ilv ETH pair?

[elder dawn]

thats up to you. right now, there's more rewards in the liquidity pair, but at a greater risk (impermanent loss, smart contract risk)

[celest yacht]

In both pools ... am I eligible fir revenue distribution?

[elder dawn]

the other longer term risk factor is that only "half" of your SLP stake is eligible for revenue distribution, while the ILV pool will earn full rev dis

[elder dawn]

both pools are revdis eligible, but only the ILV tied to your SLP. For example, today, if you have 1 SLP (~$2700), you "have" ~2.7 ILV. You earn revdis at the rate of your current ILV. Check out my recent SLP FAQ blog post (publish0x.com/ILVFi) and i have examples of how this works.

[celest yacht]

I understand the impermanent loss aspect of it....I think all I need to understand now is what makes sense...claiming reward in sILV or ILV....trying to dig up materials on what makes more sense

[wintry totem]

claiming rewards in sILV doesn't seem to make sense now as you can't spend until land sales open and the ETH fees are HIGH!

I started with the core straight pool. Then I put some in the SL pool. Do what is best for you but I decided to split it between the 2

[elder dawn]

sILV vs ILV is a completely different choice. Depends on what you intend to do. ILV is a long term investment in the project, sILV is a play on land revenue or NFT collection revenue funding your game play

[elder dawn]

agreed. if you intend to claim sILV, unless you want to sell it on the secondary market, claim once right before you want to use it

[celest yacht]

So I can buy land only using SILV?....We can always get SILV on Dex right?

[wintry totem]

In game purchases are done through ETH and sILV

For me the SL pool became more attractive the more I learned about the project because I want to hold ILV longterm and collect as much ILV as I can.

[wind walrus]

SLP is great if you have 3k or higher. Not great for smaller investors

[wintry totem]

Yes, I agree with this advice. Also personal feedback the gas fees have been crazy these days, so just play it smart when harvesting your staking rewards as the fees vary A LOT at different times of the days. Using a gwei tracker will def help save moeny!

[celest yacht]

Sorry for my ignorance....by Slp you mean ETH ILV pair on sushi?

[wintry totem]

Yes

[wind walrus]

Yep. Gas fees limit when you can claim. Preferably you want to claim more now with APY higher but gas makes it difficult

[wintry totem]

We're a community here and happy to help others learn!

[celest yacht]

Thanks for all your help...I have been in NFT gaming from 2017 and after a long break I ma back recently....but I have never seen anything more organized and pro than illuvium...I started my research today and I am pretty convinced so far I will be invest a few on this project

[wintry totem]

Awesome! Stay involved with the Discord! You will learn a ton and it is a cool community!

[violet pier]

Are unclaimed or claimed rewards count as staked for distribution?

[elder dawn]

Just remember, claiming is "prebuying" ILV due to gas. Make sure your compounding rewards are worth the fees

[elder dawn]

Unclaimed dont count for anything. No compounding, no revdis, no voting

[wintry totem]

This, this is really good advice! At first I was so excited to claim I was probably doing it too often! Follow the gwei speeds and claim with fees are low!

[wind walrus]

I look at more than just token value when claiming. I also look at RevDis and Compounding

But it's a fine line

[elder dawn]

For now, it's all the value of compounding relative to gas. If you spend $65 on gas, I'd want to be confident my interest would be worth more than $65 in ILV bought today directly

[wind walrus]

I will normally only pay 20% of claim in gas. So for 800 in rewards I'll spend 160 or less

[lavish pollen]

There's gas indicator in staking page now. Subtle but useful feature 😂

[forest ocean]

oh nice, i didnt even notice until you pointed it out

[gleaming brook]

Compounding effect is still very good at 70% APY. As long as gas is near to 40 Gwei or lower, I will claim. I could be wrong though…

[wintry totem]

Same! Nice!!

[wintry totem]

I have been using an app to follow gwei, it sends me a ping at certain levels.

[gleaming brook]

Which App is that? I am tracking manually using Gasnow on the phone browser

[wintry totem]

I was using Wgii on my mobile, to send pings when it hit pre-set levels

On the desktop, I like etherscan as it shows the gwei speed in the window tag without even opening the page.

[gleaming brook]

Thank you, will check out

[gleaming brook]

Gasnow does that as well 😊

[fringe linden]

zerion has an ios widget for gas that’s pretty legit

[gleaming brook]

It’s now on my Home Screen 😅

[wispy ferry]

I think it can still be good for smaller investors. The earlier you get in the better

[wind walrus]

Maybe, depends on a lot of factors. Main one is gas fees. If V2 helps with that it could open the door for more small investors

[gleaming brook]

I am in full support. Hopefully it open up to more smaller investors especially in the developing countries

[wispy ferry]

Even if you said I'm going to stake $1000 and not touch it for one year. You would break even around 85 days. And it would return $4320 plus your original investment. Its really not too bad. Obviously this is without anything changing but the price can just as easily pump the right way and significantly improve your return. Also doesn't include the next year lock up.

[wind walrus]

I think ETH in general makes it difficult for developing countries to partake in ETH based projects. The TX fees alone can be a day or even a weeks wage.

[wind walrus]

1k total in SLP? 500 in ILV and 500 in ETH?

[cyan rampart]

@wild zinc Unclaimed rewards do not generate rewards. They start their vesting period (and thus start compounding) when you claim them.

[wispy ferry]

Its a rough estimate obviously due to multiple factors that affect the APYs but yes.

And be like 400 and 400. That was with account for 200 in gas fees for initial stake

Even if you said it was 50% of $4320 to account for decreasing rewards, pool size, token weight, etc. Still coming out on top.

Could also claim at the break even point one time to start collecting Rev distribution

[gleaming brook]

Depending and it could be a month too 😓 Probably the reason why Axie scholarship program is successful in some of these countries

[wind walrus]

Did you use Deraji calculator?

[wispy ferry]

I did not

[wind walrus]

How did you factor the APY?

[wispy ferry]

I just took the current which is why I said if unchanged. But you can add a margin of safety. 50% is plenty. I can pull the calc though and see if it holds

[lime hatch]

i cant find it but how often are rewards compounded? daily, weekly?

[wispy ferry]

I don't believe they are. My thought is APYs in the crypto space are not the same as APY in traditional finance.

You will compound when you claim and it rolls to the ILV pool with the token weight maxed.

[wind walrus]

Small bags would need to use Deraji calculator to get a clearer picture. I do think they might be able to come out ahead but with higher risk

[lime hatch]

it compounds at the end?

[wispy ferry]

Oh I definitely recommend a more thorough analysis no doubt. But I do think it will all be profitable in the end. IMO.

[floral widget]

You prob spend $300-400 in gas to buy ilv, eth, create the SLP and do the staking on a bad day

[cyan rampart]

When you claim, your rewards are moved to the Core Pool for 12 months at 2.0 stake weight. So it compounds the whole time it's vesting.

[lime hatch]

ok so i locked it in the lp staking is it going to accumulate starting now?

[cyan rampart]

Think of a claim action as a staking action in the Core Pool with a 12 month lock period.

[wispy ferry]

@wind walrus Especially with Rev Distribution. @floral widget Hopefully we are waiting for a good day!

[cyan rampart]

Your LP stake will accumulate rewards. When you claim those rewards, they are staked in the Core Pool. So there's no compounding until you claim.

[floral widget]

Anyway for claims there is a staking calculator in the pinned message for people to calculate at what point is best to claim

[lime hatch]

so i need to claim every day to maximize?

[bitter dock]

Does anyone else have an issue connecting to metamask on iOS to check their illuvium balance? Or is that just me

[wind walrus]

Just claimed SLP for $90. Happy guy

[floral widget]

You use metamask wallet browser? It doesn’t work for me now

[cyan rampart]

Well, if you have a very large stake, you could technically claim every block. However, claiming costs gas, so it's a balancing act.

[bitter dock]

Ya I'm using the metamask browser

[floral widget]

Use the calculator

[dusk minnow]

The APY goes down as the pool expands, there's also a set reduction every so often as well

[floral widget]

It doesn’t work today , you have to use chrome mobile to access the page then use wallet connect

[wispy ferry]

Free-to-play games brought in somewhere around $13 billion in 2018. League of Legends alone did 1.4 billion. That is some serious cheddar. If this game captures a serious crowd. Rev distribution could be life changing.

[bitter dock]

Oh I didn't know you could connect that way. Thank you!

[wispy ferry]

I know I'm aware. I do have a feeling though most whales are less inclined to stake in the pools because of the Lock up. Sure they may increase but as you said the rewards are declining so there is never a better time than now to stake. IMO I don't see the LP pool exploding in growth.

[lime hatch]

so you add 12 months onto whatever you locked your coins at?

[wispy ferry]

Geniusly created for the community and believers! I love the tokenomics and staking protocol.

[cyan rampart]

Rewards are locked for 12 months from the date you claim them (assuming ILV, sILV is immediately unlocked).

So if you stake, wait 12 months, then claim, it will be 24 months before your rewards unlock. If you stake, wait 3 months, claim, that claim will be unlocked in 15 months from your initial stake.

[lime hatch]

i see makes sense now

[lime hatch]

also am i earning the same % in the stake and then the same during the vest?

[wispy ferry]

Depends on the Pool that you started with. Sushi LP rolls into the ILV pool so you earn ILV pool full token weight. ILV pool rolls into ILV pool so earns the same.

[cyan rampart]

All claimed rewards land in the Core Pool, so they compound based on the Core Pool APY.

[lime hatch]

ok so if im getting 500% now staking ill get 500% during vesting as well

[wispy ferry]

Negative. It rolls into the ILV pool at the 74% ish APY

I think he meant ILV pool not Core pool.

[lime hatch]

alright so i just earn more faster doing lp and get the 74% on however much i manage to get

[wispy ferry]

Basically. But much faster! 🔥

[cyan rampart]

Additionally, the APY is dynamic. And yeah, I did mean the ILV Core Pool, not the SLP. I sometimes just call the ILV only Pool "Core".

Technically they are both core, bad terminology on my part.

[lime hatch]

alright makes more sense now everyone does their apy different lol

its basically a double stake

i can earn a bunch and claim it and then it gets staked again, also when the lock runs out whatever i earned stays there? so if i wanted to, whatever i accumulate compunds for 12 months and then i can sell my inital stake?

probably worded bad, so if i stake 1000 and earn 2000, when the first lock is over i can sell the 1000 and the 2000 will accumulate for the next 12 months?

[wispy ferry]

Correct, kind of. You still own your original liquidity. So yes you can sell. But providing liquidity is at risk for impermanent loss. For me, its not a big deal because I am for both ethereum and ILV so if one's rate of change is higher than the other, Im not disappointed with the outcome.

[lime hatch]

yeah but impartial loss aside it goes along those lines?

[wispy ferry]

Correct. Plus you are still collecting transaction fees from providing your liquidity on the Sushi platform so that's nice.

[lime hatch]

true i forgot about that

[wispy ferry]

A lot of levels to peel back!

[cyan rampart]

That's more or less correct - every batch of claimed rewards will finish vesting 12 months from when you claim them.

This is gonna be a little redundant, but is probably worth it for the sake of clarity.

You stake $1000 for 12 months locked. In 3 months, you claim ILV worth $500. In another 3 months, you claim ILV worth $400. In another 6 months, you claim rewards worth $800.

From the start date of your initial stake: 1 year after your stake, your $1000 initial stake is unlocked and you can unstake it. 15 months after your intial stake, your $500 rewards is unlocked and you can unstake it. 18 months after your initial stake, your $400 is unlocked and you can unstake it. 2 years after your initial stake, your $800 is unlocked and you can unstake it.

[wispy ferry]

Speaking of claiming. When you get that many pools in deep, is there a claim fee on each pool?

[lime hatch]

just wanted to clarify that once you unlock youre free to sell your initial without it effecting your rewards you got already lol

[cyan rampart]

Yeah, anything unlocked remains staked at the weight you initially staked it at, but at any point you can unstake it and do whatever you want with it, including selling it.

Unstaking a stake doesn't effect existing rewards.

[lime hatch]

alright thats pretty much all i needed to know, a lot to wrap your head around lol, thank you

[cyan rampart]

It is, yeah. It took me more than a month to fully understand most of staking, particularly SLP stuff.

IL is a big krangle.

[wispy ferry]

DeFi can get a little complicated 😂

[lime hatch]

i know this isnt the right section but just need one quick answer, is there going to be a scholar program like axie?

[wispy ferry]

Not according to Kieran last I heard because there is no true need for it. But people may do independent ones which technically is different.

And maybe true need it the wrong wording. More like definite need, because you can play and grind it out for free to earn your way up.

Axie has a large barrier to entry.

[lime hatch]

true just like the idea of it haha and seems to work well for axie figured it'd be a nice addition since some people dont have the time or like to play a lot so have someone do it for them and give them a cut where they would make more money than working in their country but anyways appreciate the clarification once again

[cyan rampart]

Scholarships in Axie were required because you can't even play without putting up thousands of dollars in capital. Illuvium should be priced much more reasonably for entry, in addition to having a free to play onramp for people to test it out.

[wispy ferry]

You could always put some feelers out there and see if someone wants to personally offer you a scholarship

[lime hatch]

cool thanks

[wispy ferry]

@cyan rampart Hey man. I have not claimed yet and probably going to tonight. I noticed that the Approve Button is greyed out for the ILV pool when trying to approve. Is this normal?

[cyan rampart]

Are you staked in SLP or ILV Pool?

[wispy ferry]

SLP

Just didn't want to claim if that's going to be an issue for the roll over. Or will it allow me to approve at the time of claiming from the SLP pool

[cyan rampart]

If you're not staked in the ILV Pool, you'll just claim the SLP pool and the rest will happen automatically - if you have to approve 2 transactions when you go for it, that's normal.

[wispy ferry]

Cool. Thanks man.

[vital kayak]

I’d wait til Sunday, gas is generally cheaper Sundays

[vital kayak]

No because it’s Free2Play

[fresh basalt]

what is smart contract risk? there is a possibility that all of my SLP tokens would be hacked or something?

[wispy ferry]

Not too bad right now. Sundays have been running a little hotter than normal it seems.

[wispy ferry]

Always risk of a hack when dealing with any kind of coding and software.

[fresh basalt]

so even if they are staked it still can be hacked?

[wispy ferry]

Yes. They can be but their contract was audited by Quantstamp who is major in blockchain security. And they have audited some very big names. But big names are hacked all the time.

[fresh basalt]

so when staking V2 comes, that is another audit for that?

[cyan rampart]

There's always a chance that someone is able to compromise a system, even if it's audited. It happens everywhere, including in the real world of finance - the main difference is that in crypto, there's no safety net or formal recourse.

[cyan rampart]

There will be an audit on staking V2 before it goes live.

[wintry totem]

Seems like they’re playing it as safe as possible

[cyan rampart]

Yup, the team does their due diligence to make sure things are safe.

[vital kayak]

Wait! V2?! When’s that planned?

[unreal mantle]

what is better Sushi LP stake or regular?

[wispy ferry]

Sushi LP for staking rewards. ILV for Rev Distribution IMO.

[brisk surge]

Regular is less risk

[cyan rampart]

https://discordapp.com/channels/760344898200666112/809220563397902346/887631374578757692

[wintry totem]

Depends how much you’re putting in also. I split it between the 2 core pools

[unreal mantle]

What is the risk or what is being risked? I don't know much about LP but wouldn't the higher % rewards offset most of the risk?

[cyan rampart]

The main risk is Impermanent Loss in the SLP. The higher rewards are intended to offset that risk.

You're borderline guaranteed to have some amount of IL when staking the SLP.

[unreal mantle]

Lets say like 2 or 3 ILV, since didn't get in earlier

[unreal mantle]

How does that work? is it put in X amount of ILV and matching $ amount in Sushi?

[wintry totem]

I think it was @cyan rampart who said earlier the LP pool doesn’t make much sense unless you have 3k or so to put in

[unreal mantle]

is that 3k ILV or $ ?

[cyan rampart]

IL = Impermanent Loss, I'd recommend checking the pins for a calculator and/or watching a video to get informed on how it works. Not sure what an ILU is.

Staking the SLP means you put in the same dollar value of ILV paired with ETH, which is used to provide liquidity to the market. You swap tokens for a LP token on Sushiswap, then stake it on Illuvium's website.

[unreal mantle]

sorry meant ILV

[wintry totem]

With 2 or 3 ILV maybe it makes sense to do the straight pool and keep a close eye on gas fees when harvesting.

[cyan rampart]

Ah gotcha. The main thing about staking the SLP is that gas fees to claim are substantially higher than in the Core Pool, so staking a small amount might not be worth it in the sense that you may not be able to afford to claim rewards often enough.

That's just my opinion though.

[wintry totem]

Lock it up and harvest once a month or whenever gas fees are low and make sense in relation to the amount of ILV you’re harvesting.

[wintry totem]

I think this is good advice!

[cyan rampart]

And some amount of this gas cost is addressed in Staking V2, which isn't live yet (and won't be for a few months), but it's worth investigating if you're interested or concerned about gas.

[unreal mantle]

hmm is that if you're claiming the sILV? Are the ILV rewards automatically staked? I will read the beginner LP in the pinned

[round urchin]

is there any reason staking transactions seem to be in long pending times right now?

I see multiple transactions against the contract pending, but some have been there for quite a while (days)

[cyan rampart]

I claim my rewards in ILV, personally. Claimed rewards are locked for 12 months, I went over this in detail just a bit ago if you wanna read: https://discordapp.com/channels/760344898200666112/859866659011690537/888614410749378590

[cyan rampart]

Did you change the gas for the transaction? If it's been days, it may be worth cancelling the transaction and starting a new one.

[round urchin]

my transaction isn't one that is going for days. I am just looking at the contract ledger

ILV-ETH that is

[cyan rampart]

Oh - People can keep transactions pending for a LONG time if they set their gas super low.

[round urchin]

That I understand, but I see quite a few at what were fast gas rates at the time of their transaction, and still, pending.

[unreal mantle]

Thanks! and holy cow this is alot to take in lol, do you know of any vids off the top of your head that explain this well?

[bronze heart]

if i claim sILV is that locked or free to move around?

[cyan rampart]

!staking This covers most of it, other than that just check the pins!

[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

[cyan rampart]

Claimed sILV is free to move around!

[bronze heart]

sounds good thanks!

[unreal mantle]

Excellent thank you!

[vital kayak]

Holy hell! I just read the governance for staking V2 😵‍💫 what did I just read???

[fading nexus]

😘 Thanks!

[wintry totem]

👍 @hexed bough is the man!

[fading nexus]

For sure, I had bad dreams about it and when I just woke all worked again.

[gloomy gazelle]

Good things good things.

[vivid timber]

When trying to withdraw my ilv from the staking page to my wallet, I get an error message: "cannot estimate gas, transaction may fail"

Any idea what should I do?

[midnight crow]

How many times will I be charged eth fees in the following scenario... 0.65 ILV staked in ILV Pool is now unlocked, but at a 1.08 weight (was locked for 4 weeks, now unlocked). I want to take that .65 ILV and add say 1.35 ILV to it and then stake the total 2 ILV in the ILV Pool for 2.0 weight. How many times will I be charged eth fees?

[gloomy gazelle]

Withdraw button (in vesting tab) will bring up one tx to claim rewards then another to withdraw. Then to stake a new amount (assuming you already hold the 1.35 ILV) you would make a deposit and that will bring up another claim transaction and then the deposit transaction. So 4 tx tops.

[midnight crow]

Thank you so much. So at around $30 per transaction on a good day, it would be about $120.

[vivid timber]

@novel dawn I am getting the same error message when trying to withdraw ilv funds from the staking page to mm. Have you managed to find any fix to this?

[burnt copper]

Tfw you Claim your first $ILV rewards from LP staking 🙌 gmi

[iron pebble]

Crazy how low gas fees are

[pure mica]

heyy, what is the purpose of claiming ILV rewards multiple times in parts? doesn't that just mean that you pay for multiple gas fees?

[manic spindle]

!claim They compound = start earning more rewards as well 🙂

[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.

[pure mica]

thank you a lot but heck, I thought I knew enough to start staking... Is there some kind of doc/vid that explains claiming multiple times? Are there any popular strategies about what % of your ILV to claim and when? Sorry if I am asking for too much but that really hit me 😄

[alpine spoke]

!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.

[gleaming brook]

I keep getting transaction failed when I try to claim rewards. This happen right after I updated Chrome. Anyone with similar issue ?

[dire edge]

One question, when v2 staking begins do you know if the option to stake without locking will remain? Thanks in advance

[cyan rampart]

Flex staking will still be around!

[dire edge]

Okay thanks for the answer

[brisk surge]

so there is staking and then there are the ingame rewards if you stake, will they add up to current apy ?

[terse tangle]

I get the following error while trying to claim: error [Object object]. Never had before lol

[gleaming brook]

Yes the same, when the gas is low now 🤷🏻‍♂️

[terse tangle]

Yeah, it's a pitty 😓

[gleaming brook]

Well just have to let the rewards stack up 😅

[granite halo]

https://decrypt.co/81120/sushiswaps-token-launchpad-hacked-over-3m-ethereum?amp=1

[gleaming brook]

I tried on Firefox, does not work as well…

[granite halo]

Stuff like this is why Staking scares me.

Can we get the contracts like double audited?

[terse tangle]

Well... That's why you must trust the dev team capability and honesty. I'm not scared about the founds tbh, any problem will be fixed

[stable linden]

gas is low boyz 34 gwie

[late wagon]

Finally completed my staking.
I could not do anything on metamask for example approve wallet and couldnt find the problem. So the problem was on chrome metamask.
I downloaded firefox and did everything with no problem.

[stable linden]

ah man sorry to hear that, I'm using chrome atm and seems to be fine, just did rewards withdraw and new slp stake

[late wagon]

Yea np. I staked slp and locked for a year xD i hope its not a bigggg mistake

[stable linden]

it's a risk for sure, but I'm hopeful too

https://tenor.com/view/revolution-final-space-tribore-autobattler-rpg-gif-22423184

[old nimbus]

Hi Guys, I've got an issue with Claiming thats just come up. My last claim was 8 days ago and it was working fine until that point.

Every time I try and claim, I get this error.

Metamask also gives me an error box.

I am using a Ledger Nano S, and I have now updated firmware on my Ledger Nano.

I am aware of the Chrome issues with U2F after V0.90, and turning on the Ledger Live Bridge does not work either.

I have now tried this accross two different Computers, both of which I have used to claim in the past

[stable linden]

I sadly don't have an answer for that but maybe @cyan rampart could help out a bit more or get you talking to the right person

[old nimbus]

I have also now Tried Fire Fox, and it gives me the same error.

[old nimbus]

Cool. Thanks. Wondering if theres been any changes to the website etc...that may have caused this, and if anyone else is experiencing the same.

[stable linden]

there might have been but someone should be able to help you out, a lot of smart cookies here

[old nimbus]

Thanks, ive tried to isolate everything on my end.

[oblique plover]

It looks like Metamask is no longer an option on Mobile browsers, so there appears to have been some sort of change. When I select Connect Wallet, it’s no longer an option.

Can anyone confirm if that was an intentional change? I know there were reports of issues with Metamask on Mobile browsers previously. Maybe they eliminated it as an option to prevent those.

[terse tangle]

I tried to use MM mobile some days ago and they didn't let me scan the QR code, saying that mobile support is no longer available. So yes, they must have changed something

[terse tangle]

Some of us have the same problem, and it's the first time I see it. Maybe is related to MM

[old nimbus]

Looks like its MM and Ledger

[gentle valley]

Go to settings on ledger in the ETH application and make sure Contract Data is allowed

[old nimbus]

Good idea, I didnt check that. But its the same ledger Ive been using for ages.

[gentle valley]

should work

[terse tangle]

It doesn't let me confirm any transaction with ledger, yeah and I claimed the last week without problem but I will check

[gentle valley]

lemme know how you get on

[old nimbus]

hahaha. loooks like that worked.

[stable linden]

ball'n nice, see smart cookies here, nice one Vincent

[old nimbus]

Thanks so much! Not sure how that got turned off.

[gentle valley]

Your welcome mate

[gentle valley]

Oh and if you have stuck transactions that you can't cancel go to settings in MM then Advanced then Reset Account (make sure you have your phrase when doing this shit just in case)

[old nimbus]

Yah, thanks. I pretty familiar with it all. I just didnt check the obvious. L-)

[brisk surge]

Hi Guys, how do I know that the staking process went well?

[kindred moat]

Both me and my friend cannot choose Metamask anymore as the wallet to connect to our Dashboard/Staking on mobile

[ripe steppe]

Because in your dashboard you can see that whatever you staked is indeed staked

[kindred moat]

But now I looked at PC and I can just log in to illivum dashboard with metamask without problem

[ripe steppe]

Try PC or MAC, have heard others have mobile issues also,

[meager prairie]

@ripe steppe are you the vetemor that made those videos???

[ripe steppe]

DM’s as this is #799010390201466880 not #🥩〕staking (but yes lol)

[brisk surge]

Lovely thanks

[meager prairie]

They were awesome... I was trying to explain the tokenomics and staking to a friend the other day and he had difficulties understanding... showed him your video and it cleared it all up for him... thank you!!!

[terse tangle]

I dont wanna miss my track record 😭 do you think that MM is blocking further operations cause I have an error? This transaction wss not signed with ledger so it will fail in every case. I checked the contract data and it was allowed but same mistake again

[gentle valley]

Did you try what I said to spicysauce

[terse tangle]

It was just to check Contract Data allowed in the ETH app of ledger, isn't it? It is allowed yeah. Spicysauce had it off but mine is on

[gentle valley]

You may have to reset then...sorry will loose your track record but wont affect balance and stuff

[terse tangle]

Ok I will do that later then. Many thanks for your support!!

[cyan rampart]

I sadly don't know much about staking via a Ledger - glad it's all sorted 😄

[stable linden]

all good, thanks for getting back!

When you lock in rewards/stake more at 30 gwie https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-staking-gif-22200244

[cyan rampart]

Haha, I was kind of disappointed in myself for not buying more ILV today, but got some sILV instead xD

Daddy needs land!

[meager prairie]

Where was info I can read about claiming rewards and staking a 2nd time on top of my first staking in the slp pool??? Thanks for guidance

[cyan rampart]

Basically, just put in your new stake, it will prompt you to claim rewards, approve all transactions and you're good to go.

[cunning perch]

I wanted to leave my rewards to claim for land, now I’m just curious to try ILV to see if this connection problem is resolved 🤔

[cyan rampart]

If you're liquid at all, people selling sILV for about $200 makes claiming sILV instead of ILV really hard for me.

[meager prairie]

@cyan rampart that's right... thank you... I knew there was a specific thing, but couldn't remember or find it quickly so, much appreciated!!!!

[upper nest]

Hi ! Do you know guys if the XYZ tokens are locked for 1 year just like the ILV compounding rewards ( vesting ) ?

[cyan rampart]

Yup, the important part is to not try and do anything manually - if you claim first and then go to stake, you'll have to claim again and pay gas again.

[cunning perch]

Yeah I guess I'm gonna have to use both rewards and liquidity for sILV 😆

[cyan rampart]

XYZ tokens are unlocked as of a while ago, and are not collecting rewards anymore. You should be able to unstake them in the Vesting tab.

[gleaming brook]

My Ledger contract data was reset to not allowed for some reasons…should be fine now hopefully

[cyan rampart]

The rewards your XYZ generated will undergo normal vesting though, if you claim them as ILV.

[upper nest]

impossible to withdraw

Error message : cannot estimate gas. I use Wallet connect

[cyan rampart]

There were some issues with Wallet Connect earlier, I thought they were resolved though.

[upper nest]

rewards already vesting ( ilv )

[cyan rampart]

Carlos posted something about it...

[upper nest]

oh okay, on this channel ?

[cyan rampart]

Yeah it was in this channel, it might be worth reading through his messages here.

I don't use wallet connect so sadly I can't be of much help.

[upper nest]

yeah thank you im try to find this out with Carlos

Going to lunch right now haha

[cinder basalt]

Been getting this error message when I try staking... "Approve ILV Spend Error: [object Object]"
Using ledger through metamask

[manic cargo]

hello, I staked some ILV's last week and now i staked more, but when i staked more it claimed my reward

[cinder basalt]

I read through the earlier conversation and made sure the contract data is turned on

[wind walrus]

That is correct. It will automatically claim your pending rewards when you add to either pool

[quick socket]

Slightly off topic, what will net a better return: buying the upcoming land sale vs staking?

Land sale is kind like pre-sale

[wind walrus]

No way to determine yet.

[quick socket]

A year from now the land owner may be way ahead.

I am thinking 50/50

[wind walrus]

Depends on a lot of personal choice. I like staking and revdis because the income is almost 100% passive. Land will be more active income.

[quick socket]

Right. Based on other games, the land price can be like those crazy nft's

[wind walrus]

Correct. The ILV token also has a lot of room to grow. I would say get both if you can. I'm going to try

[ripe steppe]

the first land sale will likely be the cheapest land sale, and in future land sales the prices will likely be higher (but there is nothing guaranteed with land, it is personal choice, i also will be doing both because who knows which will be better but also would be nice to have some land) otherwise if you have anymore questions about land checkout #🎮〕illuvium-zero

[brisk surge]

Anyone know why MetaMask connects been taken off the staking dashboard

[wind walrus]

I know MM and Illuvium both did some upgrades and there were some issues yesterday. Mine is working fine now

[brisk surge]

I can’t see an option to connect

[gleaming brook]

Just curious- why did I receive a very tiny amount of sILV when I claimed my rewards as ILV? 🤔

[sand carbon]

Just asking, I staked some xyz in the Flash pool - how do I get those back?

[glossy palm]

I want to change my LP token to locked pool but when I withdraw my reward and then I withdraw Sushi LP. It said that your withdraw cannot estimate gas; transaction may fail or may require manual gas limit.
How could I do?

[spiral flame]

Hi guys. anybody familiar with this MM error?

replacement fee too low (error={"code":-32603,"message":"Error:

trying to claim, im not editing anything.

[plain nest]

To claim rewards in ilv/eth pool, I should click claim ilv on sushi LP, but it will still be two transactions (2 fees) to claim both from sushi LP and ilv pools correct? Can I just claim from sushi LP with one transaction?

[gloomy gazelle]

Not until V2 staking is voted and implemented

[plain nest]

When I click claim ilv from sushi LP it automatically claims ilv pool first, and then MetaMask prompts another transaction to claim from sushi pool

[gloomy gazelle]

Yeah. That is how it works.

[proud merlin]

Staking not showing my funds. Mm won’t connect.

[plain nest]

Cheers bro!

[gloomy gazelle]

Check that you are on ethereum mainnet. Restart browser. Clear cache

[cunning perch]

I just used the Chrome Extension one. MM is there and works fine

[cunning perch]

Are you using MM on phone? if so, there might still be glitches with MM app. I just checked the Chrome Extension and it shows everything

[cunning perch]

Try upping the gas and raising The limit. Maybe it'll help you

[wind walrus]

Correct, you have to claim both

[proud merlin]

@cunning perch
It’s the mobile MM I’m using. How do I clear the cache?

[cunning perch]

For mobile idk really. never really used it. There has been an issue with the recent MM update. Whatever question you have you can always direct it at MM Customer Supprt. I think they are quite helpful

[gleaming brook]

My mobile MM is not working as well…I gave up and use the laptop instead for now

[cunning perch]

Once you get used to the extension, you won't even check the mobile one. It's way better. Maybe not as fast, but def practical

[gleaming brook]

True, just that mobile is more convenient 😅

[cunning perch]

well. As long as you're making $ everything is good. 🙂

[gleaming brook]

💰💰 true 😊

[fringe linden]

In mm mobile go to settings > privacy I believe and you can clear privacy data etc where sites have to request access again

[dry bay]

I can’t recall if I read somewhere. Are the plans so that in the future, we can withdraw batches of ILV on the vesting page whose source was from rewards for one gas fee (rather than individually)?

[cyan rampart]

Yup, that'll be with Staking V2 which you can read in #809220563397902346 - It'll be a couple months before it's live though, it's not even formally proposed yet.

[dry bay]

Great, so I won’t worry about having to pay so many individual gas fees in the future. Thank you for pointing me to governance!

[spice fractal]

I have 0.495 ilv, is it worth to stake it in the ilv pool or should I just hold it instead?

[unreal mantle]

GM all, could someone assist: If someone provided $1500 ILV and $1500 ETH for SLP, how much is the SLP worth? Does it matter when you stake the SLP on Illuvium? Are the rewards earned based on the ILV the SLP represents?

[ivory sun]

Thats around 1 SLP

[cyan rampart]

You'd own $3000 of SLP. APY drops over time, as TOTAL rewards distributed decrease by 3% every 2 weeks (SLP gets 80% of TOTAL rewards), so in that respect, staking the SLP sooner is best.

The rewards you receive are based on the percentage of the SLP pool you own. So if there's 230M in the SLP, and you have $3000 of the pool, you own something like .00013% of the pool and get .00013% of the rewards.

[unreal mantle]

Hmm where does the 500+some(-3%/2weeks) APY come into play?

[dry bay]

See pinned messages for calculators and details. They were very helpful to me. For e.g.https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda tells you how much 1 LP currently equates to ($2,785). Sooner is better than later to stake, especially with gas so low right now. Rewards are based on total amount, so it would be based on $3,000 if you provided $1,500 ILV and $1,500 ETH.

[cyan rampart]

Your .00013% of the pool would be equivalent to collecting 500% APY on your investment.

So if you put in $3000, you'd be collecting 500% APY on that amount yearly. Note that the APY doesn't drop by 3% every 2 weeks, the total rewards distributed drop by 3%. That could (should?) be substantially more than 3% APY, if that makes sense.

I only mention that your portion of rewards is proportional to the chunk of the pool you own because that's how it actually works behind the scenes. There's no weird conversion of the value of your SLP token to ILV or anything like that, you just get rewards based on how much of the pool you own, which is a bit confusing.

For all practical purposes, at the time of staking, (APY * investment in dollars) is what you are generating in rewards as ILV.

[terse tangle]

Still with problems when trying to claim rewards. Error: [object Object] once the transaction is confirmed in MM but not yet in ledger. I have already cleanned browser cache, uninstall and install MM extension from 0, clean the historic, check the contract allow option in ledger and check that the last version of ETH app is installed. If someone have a clue or could fix the same error please let me know!!

[fringe linden]

You should allow the option in metamask as well if you haven’t already

[terse tangle]

The contract one? Where is it?

[ruby sapphire]

Where is this interface viewed?

[rotund sundial]

Staking site -> Vesting

UI bug in https://staking.illuvium.io/staking/core

[ruby sapphire]

I found it thanks

[lime moth]

Hello guys, so i know the difference between ILV and SLP staking and risks, but i wanna ask people who staked SLP, how much ILV does one SLP generate per day with the current APY?

[iron pebble]

Enough to warrant getting into it lol.
Don't have the numbers here but with less than 1 SLP I'm super happy

[lime moth]

Hmm, I needed the numbers to compare with ILV xD

[vast pilot]

Turn on contract data

[iron pebble]

As in, I made 1 ILV in less than a month if I'm not mistaken.
The number isnt really needed for that comparison tho, the APY difference is immense.

[vivid timber]

If I remember well from one of the calculazors, it is currently aroun 0.08 ilv/slp/day if you are locked for 1 year

[rotund sundial]

0.94SLP -> about 0.07ILV/day with APY over 500%

[iron pebble]

In 12 days (started with 0.45 and added 0.3 more) I made 1.1ILV

[lime moth]

Aha okay thanks guys!

[vivid timber]

:o how is that possible?

[unreal mantle]

Even the simple dashboard calculator is overly confusing, it seems there are numerous inputs based on my prediction or calculations of rewards and such that I do not know to get accurate results, so I could punch in a few numbers but I don't know if it is accurate at all, is there a guide that goes covers how to accurately use this? or am I just dumb lol

[iron pebble]

Yeah. Fucked up the numbers, I just woke up. 344 days remaining is 21, not 12 lol. Had 0.45 SLP for like a week and some days and then added the 0.3, there.

[terse tangle]

I already did it on ledger, or may I do it also in MM ??

[wind walrus]

With 9k invested I make .33 ILV per day

[cold vault]

0.33 or 33?

[queen horizon]

I am getting the same problem here as @terse tangle, @cinder basalt and others. When I want to claim rewards I get the Error message: 'Error: [object Object]'. Would be nice if this gets escalated to some technical team member as there has not been any solution posted here. @cunning perch @exotic igloo

Maybe it's an issue with the new Chrome update, I dont know though.

[vast jewel]

I wish 9k would generate 16k per day lmao

[cold vault]

me too 😦

[vast jewel]

I started with just 2 ILV staked, but everytime there is a leak I cant help staking more SLP 😆

[pure shadow]

leak 😆

[vast jewel]

[ripe steppe]

anyone have that link that says how many people are staked rn in each pool?

[ripe steppe]

lol i started on staking 2ILV aswell, and since then only staked SLP, amount keeps increasing lol

[robust gull]

Hi guys

I cant see no more my ilv that I staked 3 weeks back I am using the mobile version of metamask

[ripe steppe]

try on pc or mac maybe?

[robust gull]

Ok ! Will try in my laptop

[terse tangle]

Ok guys, solved on my side but now I'm waiting for cheaper gas prices. In my case: ledger firmware was not updated, but neither ledget live and I was not notified. I had to download last version of ledger live 2.33.1 I think, then the "firmware outdated" message appears in the manager and you have to update ledger to v2.0.0 and reinstall apps. Then remember to change the Allow Contract Data in the ETH app from "off" to "on"

[vast jewel]

I feel better knowing others suffer from the same addiction 😄

[terse tangle]

I saw in reddit that people are still having problems after one or two transactions even with the update, we can see with ledger support in case this doesn't work at all

Btw the new firware works worse than the previous one in my nano S (nano X will have another firmware version)

[lime moth]

With 9k invested I make .33 ILV per day
@wind walrus how many SLP do you own with those? Around 3 i assume?

[robust gull]

On the laptop I see the ilv

[iron pebble]

That's like 5 years of my salary, jeez

[vast jewel]

Hey everyone is on their own timeline. I was broke as dirt in college, just gotta keep working hard for the long term dreams and goals 🙂

[vivid timber]

Help! I cannot withdraw my ILV from the vesting page to Metamask.

When clicking on the withdraw button, I get the following error message:
cannot estimate gas; transaction may fail or may require manual gas limit (error={"code":-32603,"message":"execution reverted: amount exceeds stake","data":{"originalError": ....

As strange as this is, I tried once again, but this time I selected zhe 75% witdrawal option after clicking on the withdraw button. This seems to work, i get no error messages and it seems I could initiate the transatcion.

But why cant I withdraw 100% of my funds, only 75%???

[cunning perch]

I don't think Ledger Live version is that important. I'm using Kaspersky 2020 and it still updates itself. But Yeah I just connected my Ledger and ETH app needed an update which also flipped the Contract Transaction to NOT ALLOWED which I ofc changed it back to ALLOWED. Haven't claimed anything though, yet.

[cunning perch]

So like you have (for example 10 unlocked ILV) in the vesting section and you can only withdraw 7.5 of it?

[terse tangle]

Well the update worked for me. It might not be needed the last version, but I was running the v1.6. Maybe that MM update is not working properly with some versions

[cunning perch]

Oh yours was pretty old then. Mine is 2.29 something I guess. I do believe Ledger Live update is not necessary because it really doesn't make sense to have to uninstall the app every time there is an update.

[vivid timber]

Yes, exactly.

I also tried changing the withdrawal amount manually ( e.g. to 9.99) and value in the provided boxes, but in such a case the "next" button becomes unclickable.

[terse tangle]

Sorry I meant the ledger nano S one! The problem with live is that according to it everything was updated, which was not the case and it is a bug. And you cannot update firmware if the ledger live doesn't provide you the option (as far as I know, you cannot download the firmware from ledger website and intall it without live)

[cunning perch]

Idk really. Maybe @hexed bough can shed some light here for you.

[wind walrus]

Yep. 3.25

[cunning perch]

well ofc you need Ledger Live and the device together otherwise there is no update. I use Nano X, but only use Ledger Live to update it should the need arise. Besides, in Ledger LIve there is no button to update the app tbh. It just shows what version you're using. But, for now I think it should be fine. Anyhow I'll know if it works when I plan to swap or claim 🙂

[vivid timber]

If I have to make a wild guess, I would say that the decimals are somehow off, or the illuvium page handles numbers to a different precision than metamask.

According to the Illuvium webpage, the max available amount I have is 30.94 ILV, but at the same time it also says that 75% of the max amount I have is 23.205000000000002
Could this be something?

@hexed bough , could you please help? I am trying to witdraw 100% of my ILV to MM.

[clear cape]

lol you went from 1000 to to like 30,000 or something pretty quick

[stable linden]

Are some of those locked rewards?

[vivid timber]

No, it is from a single deposit that I have not locked up

[stable linden]

Gotcha, just thought I'd ask as I know when you claim ilv it shows what you have total but that claim is locked. Hopefully they can help

[exotic igloo]

Update your eth app on ledger

[vast jewel]

I read through the whitepaper, then realized how well structured the tokenomics were. Immediately transferred my capital from other projects to ILV

[clear cape]

I did the same when i started, i staked slp everyday for like a week as i learned more and more lol. Spent a fair chunk on gas and fees but doesnt matter in the long term

[vast jewel]

Not to mention Im a tft player so obviously I had to sell a bunch of Axie Infinity stuff for ILV

[clear cape]

In fact im thinking of liquidating my guild of guardians nft's for more SLP right now but on the fence

[clear cape]

Oh mate you're golden, you are going to be great at the game

[vast jewel]

I used to think diversification was for the uber wealthy, but now I think a little bit of diversification is smart

[clear cape]

Agreed. Happy to carry this convo in DMs though, since we are going off topic

[vivid timber]

Actually, I found a PancakeSwap reference to this "cannot estimate gas" error: https://www.followchain.org/cannot-estimate-gas-pancakeswap/

It states that this error happens when there are too many decimal places in the number of tokens.

Now, from the 75% value I assume that I have 30.9400000000000026...66666667ILV, and not 30.94.

Of course it would be OK for me if I could withdraw 30.94 or even 30.93 ILV, but it seems the witdrawal amount can only be changed with the buttons (25%, 50%, 75%, 100%), and cannot be changed by manually providing a value in the otherwise editable "amount" field, because it the letter case the "next" button becomes unclickable.

Can we have a fix for this? I found 2 other guys in the discord history here who had the same error msg.

[brisk surge]

I have yet to claim pending rewards from staking. If I go to do so, can I choose to divide my take so I receive part Ilv and part sIlv?

[brisk surge]

unfortunately you have to claim one or the other

[ripe steppe]

if you have staked in the SLP and in the ILV pool, you can claim the ILV pool without it simultaneously claiming the SLP pool, so you could claim the ILV pool in ILV or sILV, then claim the SLP again being able to choose between the two (this is the only option to split your choice and only works if you are staked in both)

[brisk surge]

Hi guys the staking rewards will be visible after you finish the staking period?

In my dashboard I see how many ILV i have but on rewards section I see 0

[ripe steppe]

staking rewards slowly build up over time (you can see them on the dashboard) and whenever you choose you can claim them you can do so in the rewards section by claiming them in ILV or sILV

[brisk surge]

how long have you been staking?

From June and it’s until February

[ripe steppe]

and you still havent claimed any rewards? and in reward section there are no rewards? screenshots please

[brisk surge]

Am having issue sharing the screenshot.

I didn’t claim any from June and I thought they may come up after I finish the period

[vivid timber]

How is this possible? 0.33 ilv/day adds up to a monthly sum of 9.9 ilv = 5049 usd, which would be a reward that is more than 50% of your initial investment of 9k.

[brisk surge]

SLP has very high APY

[ripe steppe]

is it simply that you have not claimed them? you said there were showing up in your dashboard (they will at no point be added to your stack, you must first manually claim them at which point they go into the ILV pool for 12 months and then when they unlock they can be withdrawn

[raw thicket]

I just staked more ILV after having done so a week ago. The rewards had been accumulating on my initial stake but after adding more ILV for staking just now - the rewards have disappeared and are back to 0. I didn’t claim the initial ones because it was so low but is this how it is supposed to work?

[cunning perch]

Check you ILVs not rewards. When you stake new tokens, it claims your rewards too. Your rewards have probably been added to your stake. You can always check the vesting section

[raw thicket]

Thanks. It was so low in rewards that it was hard to tell if it was also moved or not.

[cunning perch]

No worries. 🙂

[hexed bough]

Hey, apologies, I've not been at home today. I've been made aware of a some issues with the withdraw component, and I'm on my way home to take a look. In the meantime, @raven hawk will be rolling back changes so that the main functionality is restored ASAP.

[wind walrus]

That is pretty close. I've made over 8 ILV in a month.

[vivid timber]

Wow, cool!

[vivid timber]

Thanks a lot, Carlos!

[wind walrus]

APY was 580 when I staked. That's about 45% per month. So a little over 2 month ROI

[vivid timber]

Lovely! I am heading over to the slp pool as soon as I can. :)

[wind walrus]

Wise choice if you know the risks and are comfortable with those.

[cerulean anvil]

I just started staking ILV, and will try to add into it when I can. Looking forward to seeing a nice ROI

[opaque umbra]

I want to start staking but for some reason the pools just keep loading for hours and its not letting me stake if anyone has a solution it would be much appreciated

[full frost]

.stake

what's the command to view staking documentation?

[cunning perch]

If you have set the gas on low, it might take some time. You can add gass in MetaMask in the a activity section

[cunning perch]

!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

[full frost]

Thanks! @cunning perch

[opaque umbra]

is it possible to send a screenshot of what i mean?

[cunning perch]

With your level I don't think so. But if for any reason there is something wrong with the website, the team will fix it soon. Be patient and if the problem was consistent, then we'll start another approach

[opaque umbra]

I'm pretty sure the problem is mine since I can't find anything on youtube and I don't see anyone else with this problem

[cunning perch]

So you wanna stake, connect your wallet, and for some reason the core pools keep pending?

[opaque umbra]

Yes

The same happens when i try to add the ILV token to my MetaMask wallet

[cunning perch]

Maybe there's a problem with your MM. If you're doing it on phone, then the issue might be there. I just check MM-Chrome extension and everything works normally.

[opaque umbra]

I'm actually on the computer

[cunning perch]

Then there might be a problem with your browsers and their caches. Make sure you use the latest updates.

[silver sky]

It might also be related to your hard wallet if you have it working with metamask as well

[grizzled kindle]

Hey there what’s the chart to see how often it’s best to withdraw

[wintry totem]

It depends a lot on gas fees

[austere vault]

when did you stake ?

[wind walrus]

About 31 days ago

[austere vault]

nice for the full year ?

[near bay]

how much u stake?

[wind walrus]

9k

[near bay]

wow thats cool

[austere vault]

im getting .25 a day but only staked for 16 weeks.

[near bay]

how much are u staked @austere vault

[austere vault]

i put up 5.5k august 1st

[alpine forum]

hey guys how do you add your wallet address for the giveaway?

[austere vault]

i got 5 Slp now, but ive added some in the last week so its now im up to .25

[marble heath]

I just staked the ilv I've been sitting on for 2 weeks a couple of minutes ago for $36 and it was on 41 gwei. I've seen 28 gwei in the last hour. Gas fees are juicy right now.

[mystic thorn]

They really dropped from 2 weeks ago

[sudden flint]

Hello. If I placed Ilv, can I cancel the bet. and go to SLP?

[marble heath]

No argument there phew 😂 2 weeks ago i kept seeing 400 gwei which is just unbelievable

[glossy wind]

At one point, I had to quickly take the $77 gas fee because it’s usually $120+

[covert sage]

what is the silv contracrt

!contracts

[mint cave]

it's pinned in #💰〕token as well

!contract

[woven ibex]

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

[elfin dove]

Alright guys

right at this moment what better in your opinion to get into vested/unvested ILV SP or just vested/unvested staking? Knowledgeable about LP and imp loss, just want an opinion for a forecast

[clear cape]

No. once it is locked in, you're locked in

[cyan rampart]

I like SLP, but the land sale and game trailer are likely to be times when ILV pumps and ETH is unaffected, so bear that in mind.

I'm currently staked in ILV Core Pool and wish I had staked the SLP, if that's helpful at all. NFA.

[unreal mantle]

Good good lol who has like 1 SLP (~$3k) staked and how pleased are you with the results?

[remote mauve]

So hard for me to silv. So I may miss out on buying land and .... Should I gather 30-50 silv for land or let it compound? With revdis n dreams of movie deals hard to silv!

[quick socket]

I have a mixed staking pool with multiple SLP added at a different time. How do I view the staking details likee xxx 11 month remain, yyy 10 month remaining, etc

[timber lake]

Does anyone know what the sILV conversion will be? Is it 1:1? Meaning if I have earned 0.5 ILV through staking, if I claim that as sILV, will it be 0.5 sILV or some conversion?

[quick socket]

Yes, it is the same as ilv, 1:1

Does this contract mean 12 month lock: 0x8B4d8443a0229349A9892D4F7CbE89eF5f843F72?

[still bough]

guys i wanna buy ilv on sushiswap but i have no idea what the fees are. Can anyone give me an estimate?

obviously so i can stake it

[still bough]

whens that coming?

[ripe steppe]

all fees within the illuvium ecosystem calculated in one place, just have to imput ETH price and current Gwei (in future this is also pinned in the #🥩〕staking chat)https://docs.google.com/spreadsheets/d/1-yorrLEO7051B8ELI7eBtAOohYn8DME4peMPavxcUuw/edit?usp=sharing

[still bough]

thank you

[high flax]

what are the risks of putting your ilv into the lp pool? i get that you have to provide your own liquidity, but how can that be risky?

[mint cave]

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

[plain marsh]

for the giveaway - locate the OnChain_Partner Bot in the right hand menu and send a message to it that is just your public wallet address. You can use !wallet to verify it has the correct one.

[alpine forum]

Awesome, thanks man

[proper locust]

Have 5.61 SLP staked and earning 0.5 ILV per day

[gilded wigeon]

Hi, maybe this is a noob question but im wondering how the revdis will be distributed? will it be in the form of ILV? coz the rewards im earning in staking now just for staking, so when game is live will the revdis be distributed thru the rewards as ILV too??

[mint cave]

revenue distributions will be in unlocked ILV

you will still need to "claim" that ILV, but it will not be locked.

[gilded wigeon]

Oh so that's the only difference? for staking rewards when u claim it it'll be locked for 12 months while revdis is same rewards but unlock when claimed

[mint cave]

correct

[late wagon]

Im sorry for asking. But i hear this all the time and i dont know what it is. What is revdis?

[mint cave]

!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.

[late wagon]

Omg im loving this project so far. Sadly im only able to stake 750 dollars now. Ty

[low oxide]

Hi, im currently staked for 6 months and wanted to add more. Noob question: Will The additional ILV be added to my current staked for 6 months too, or i can change it to say 12 months?

[mint cave]

every time you add an additional stake, it is its own individual stake

but it will pool its generated rewards with the rest of your stakes, of course

[tulip cloud]

Hi everyone, i'm trying to figure out the total liquidity in the SLP pool. On the Illuvium Staking website it states TVL as being $192 million, however on the sushiLP analytics and etherscan it states $224 million. Thanks kindly

[mint cave]

not all of the sushi LP tokens are staked in illuvium's staking program

for example, there is a large chunk of that pool's liquidity owned by the treasury which is using those SLP tokens to farm sushi instead

[tulip cloud]

Wow

[mint cave]

note - this farmed sushi will likely be used at a later date for an as-of-yet-determined purpose

the community decided that since the ILV staking program is so lucrative, there is a good incentive for the DAO to be farming otherwise unfarmed sushi rewards

[tulip cloud]

Fantastico! Appreciate it Jeff 😄

[mint cave]

anytime

[white aspen]

Hi Guys- Anyone having issue with claiming rewards this morning ? I am using Metamask on computer- contract is allowed on my Ledger but receiving no message to confirm the transaction. Therefore shows as “Contract interaction” pending on my Metamask but cannot move from there as not being prompted for any action on my Ledger… how can I have it fixed ? Cheers!

[grand finch]

Hello how do I add slp to my wallet after adding liquidity

[brisk surge]

you can create a custom token in your wallet using the token address in the pins

the staking site will also detect it even without adding it to the wallet

[gloomy gazelle]

I don’t know. But try searching the discord using this…

in:🥩staking ledger

[queen horizon]

Thanks for the solution

[queen horizon]

Yeah just saw it, thanks

[silver nebula]

Is it possible to add staked SLP or Staked ILV to show up as an asset in MetaMask?

[gilded wigeon]

what is the minimum amount (USD) needed to stake in SLP ?

[turbid lagoon]

Dont understand from the info if I would stake into ILV or sILV. Whats the difference guys?

[mint cave]

!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]

No. But you could use zapper.fi

[onyx isle]

hey team. having weird issues claiming and withdrawing my stake that i have never had before. using ledger with metamask. giving me errors - "cannot estimate gas; transactions may fail." AND 'Error: [object object]" has anyone had the same issue ?

[still kindle]

Hi nbn, Ive not seen that before. If it helps to eliminate ILV side I have in the past few minutes successfully claimed rewards from both pools

[mint cave]

#❓❗〕community-help message

[onyx isle]

legend. cheers

[silver nebula]

Do you know if you can use zapper.fi to export to a CSV, or if there is an API that can be integrated with koinly?

[gloomy gazelle]

I don’t know. I’ve only looked at zapper once. Imma noob really

[onyx isle]

thanks @still kindle will try what @mint cave just sent me and hope that works. i norm claim every sunday and wasnt like it last week

[silver nebula]

I'd just got my portfolio and the documentation all neat before ILV came into my world. Now I have NFI what's what, and income/CG/etc.

[turbid lagoon]

So if understand correctly, ILV is de token representing the game and sILV can be user in-game?

[gloomy gazelle]

!ilv

[woven ibex]

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

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

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

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

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

[gloomy gazelle]

!silv

[woven ibex]

sILV is a substitute currency that can only 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. The value of sILV in the game - and for possible sales where sILV is allowed - will be equal to the value of ILV.

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.

[gloomy gazelle]

Basically yes

[graceful magnet]

This means.... 5000 dollars a month???

[turbid lagoon]

So can u convert ILV to fiat? ( not that i want this, game looks great ) trying to understand what I’m investing in

[turbid lagoon]

Last question: doest ILV staking pool or sushi LP pool Give the same rewards?

[floral widget]

Sushi pool higher return but higher risk

[graceful magnet]

!ilv

[woven ibex]

🚫 LMArno, you can't use that.

[turbid lagoon]

I see ^^ sorry for the questions but I’m looking forward @molten solsticeium

[graceful magnet]

2 months that I consider providing in LP.... Instead si 'just' staked

Now I think I will do it!

[onyx isle]

i have about 600 more ilv i want to stake. am i best to do ilv pool or SLP pool ? i already have a heap in ilv pool. this new lot will be locked for 12 months... i keep trying to do the maths but its hurting my head

if i went SLP pool i would have to split that 300 ilv

[vivid timber]

Guys, how do I move SLP from sushi to MM?

[shrewd mesa]

Hey guys a bit of a dumb question but I’m trying to claim my rewards but the transaction has not been picked up yet and continues to show pending on etherscan - I did not make any change to the recommended fees. What can I expect happens? It’s gone way beyond the estimated transaction time

[obtuse storm]

Hello guys I have questions I have provided flexible liquidity in sushi swap. Today I try to claim reward of 3 ilv but instead going into my wallet it gone to 365 vesting period. I thaught if u use flexible LP then rewards does not vest

[brisk surge]

its probably on your meta mask. Add a custom token using the slp token address in the pins. The staking site should pick it up as well even if your wallet doesnt show it

[cyan rampart]

Rewards always vest for 12 months if claimed as ILV. The only way to avoid vesting is to claim as sILV.

Flexible stake = Your initial stake isn't locked in, so you can unstake it at any point.

[obtuse storm]

Oh ok

I thaught rewards are not vested if I use flexible pool

[cyan rampart]

Are you trying to stake on mobile?

[graceful magnet]

600???😱 😱 😱
And I was proud with my 5 staked

[cyan rampart]

I know a few people have had issues with mobile staking lately.

[onyx isle]

did you go ilv pool or SLP

[graceful magnet]

'simple' pool

It wzs my very first steps in crypto world, was 'hard' to put 1000$ in, and didn't know how slp worked. It was about 2 months ago

[onyx isle]

nice work

[shrewd mesa]

No standard MM transaction from desktop

[graceful magnet]

Hmmm yeah....
I bought 5ilv @200 at that time lol

[cyan rampart]

Gas is still pretty cheap right now, have you tried speeding it up?

[shrewd mesa]

How do I do that?

[cyan rampart]

Click on the pending transaction and find "Speed Up".

In your MM**

[grizzled granite]

Hi does anyone have a chart for when gas prices are relatively cheap and silent

because everytime i claim its basically 200 bucks its a huge burn hahahahah

[cyan rampart]

There's the gas tracker bot in the discord, or you can use https://etherscan.io/gastracker

[grizzled granite]

thanks

there was one time someone posted a chart with the days and hours like a timetable
and specific days and hours has minimal activity, i wonder if anyone has it, if not all good and thanks

[cyan rampart]

The Etherscan gas tracker has a historical gas price tab.

[vivid timber]

Got it, thanks! I staked it, now I let it ride. :)

[hazy token]

1 month staking so far, 11 months to go 💪

[burnt copper]

Remember that if you choose SLP pool, the revenue distribution is proportioned to the ILV tokens only (300), instead of the full 600 if stajed in ILV pool. So revdist will be halved.. but of course the percentage gains are higher. Land sales should generate a lot of revdis in the next 2-3 months when 20% of land is sold. Choose wisely 👌

[onyx isle]

great point!! didnt think of this. where have you got yours ?

[grizzled granite]

my personal plan is just putting into SLP pool

get as much sILV as i can

put that into land

start farming

so profit stream will come from land farming and also SLP pool with redis rewards

as ill get more sILV from LP pool to spend on land, instead of having to use my raw ILV

[cyan rampart]

If you're in it for the long haul, a 12 month locked SLP stake is probably your best invesment (i.e. you think the project will do well). You'll get a TON of ILV in rewards, which you will collect revdis off.

If you wanna be a bit more active, you could flex stake SLP and pull it out to trade back to ILV/ETH before major price events (trailer + land sale).

If you wanna not worry about IL at all and just casually collect some extra ILV and maximize your revdis earnings in the short term, a 12 month ILV stake is probably best.

NFA

[burnt copper]

I am in SLP pool as I didnt realise that revdis is only for ILV at the time I staked! Any ILV you generate from staking in SLP, when 'claimed' goes into the ILV pool and DOES count towards revdist. So it's still the better choice to go for SLP pool imo

[grizzled granite]

yep for me i think SLP, will let me play game with generated sILV instead of spending my raw ILV or more ILV, just let all my spendings come from SLP sILV generation, and redis even halved is fine, and land and the game

if im desperate for money i can swap some sILV on uniswap for 45% value of ILV, not too bad, but ill be saving all my sILV for land soon

[onyx isle]

thanks for all that in put guys

[vivid timber]

Is that really so? Somewhere I read that revdis is proportional to the total value staked.

[mint cave]

revenue distribution for SLP will be given based on the amount of ILV tokens in whatever the SLP amount is

you can see how many ILV tokens are in 1 SLP token here:

https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

[worthy peak]

You just answered the question I was trying to formulate😂

[graceful magnet]

Starts in april

So... I'm not too late I guess?
Even if I'm 'plyzing' with guys who have 600+ ILV 😕

Hmm...what are those lands? When can we buy them? Are they Buyable only with sILV?

[fresh grail]

More info will be in the #🎮〕illuvium-zero channel and it's pinned, but most likely 7-10 weeks and you can buy them with silv and eth

[graceful magnet]

Okay

[vivid timber]

Got it, thanks for the clarification!

[mental saddle]

I think rewards always vest, but in flexible staking you can unstake at any time

[manic spindle]

!claim Claimed ILV always gets vested for 12 months. sILV exists for immediate liquidation of yield farm rewards 🙂

[woven ibex]

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

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

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

[austere parcel]

Hey guys! I might be a bit dense and i haven't used sushi swap a lot...
I withdrew a small portion of my staked SLP and want to swap it for ETH. But i can't find the withdrew SLP?!

[proper jungle]

i was directed here for uhhh, gas transaction calculators, where can i find one?

[manic spindle]

I think you might find something pinned in this channel 🙂

[proper jungle]

okie! thanks for the help

[cunning perch]

In your wallet you mean? Have you added SLP address there?

[wind walrus]

Very close. APY is variable and will continue to go down so It won't stay that good. I'll ride the wave down and get as much as I can.

[graceful magnet]

Omagad
When did you buy your ilv? What price?
I bought my first when it was 200$, I still did a good up 😊
But need more! I went to go further and do LP

[clever totem]

In past I’ve connected MetaMask to Illuvium and could not get sushiswap to load. Now sushiswap loads but MetaMask is not showing as an option to connect Illuvium core pool to. Please help 🤦🏻‍♂️

[cunning perch]

Are you using mobile?

[clever totem]

Yep iphone. It’s weird cause it let me do it last week but now the Illuvium site doesn’t have MetaMask as one of the options to select

Or search

[cunning perch]

The new MM update messed some things up. For an ease of use, try adding MM extension to Chrome and try then. I'm using it everyday and it works fine for both Sushi and ILV

[clever totem]

Ok thnx I’ll give it a shot. What’s MM? Sory very new to this

[cunning perch]

MetaMask 🙂

[clever totem]

Oh duh lol

[main cloak]

@cunning perch I have been experiencing some sort of glitch with my staking at the moment, and I am not sure how to fix it. Is there someone I could contact as support to help me with my issue?

[cunning perch]

Hey. Maybe @hexed bough can help you with that.

[main cloak]

No worries, should I DM?

[cunning perch]

Wait a bit he usually responds to tags.

[main cloak]

Great. Thanks for your help!

[edgy socket]

It's his day off today (Sunday) might take a bit for him to get back to you

[tiny echo]

Hiya guys, I am new to Illuvium 🙂 !

Just finished watching the Staking tutorial from Illuvium academy but I was wondering, what I am curious to get some thoughts on the community on staking. How has it been for you guys staking on Illuvium 🙂 ?

[potent flare]

https://tenor.com/view/dave-chappelle-money-chappelle-king-cash-gif-5008243

[tiny echo]

Brilliant, I guess that sums it up 😂

[marsh oyster]

hello everyone i have a question, the current apy includes the revenue in game and other things for stakers ?

[cunning perch]

Apy and revenue are two different things. If by Revenue you mean RevDis, then it's def two different things. APY now is for Yield Farming

[wind walrus]

Is this question for me? I bought at 410, 440 and 470

[wind walrus]

There is nothing like Illuvium ATM. The game and tokenomics are breaking the mold for crypto games. The rewards ATM are mindblowing

[tiny echo]

Awesome, thanks for sharing on that 🙂 ! Which is better, staking in ILV or ILV/ETH pools?

[wind walrus]

I chose SLP but I understood IL and the risks. Depends on your investment tolerance and dollar amount you are looking to stake

[daring spear]

is it possible to send ILV directlly from gate.io to metamask and then stake it?

[wind walrus]

You should be able to.

[tiny echo]

This is good advice. I am definitely going to think about this. Thanks :)!

[ripe steppe]

This might help in your choice https://youtu.be/7T2WzeXWC4k

[tiny echo]

Thanks for the recommendation! I appreciate this 😄 !

[clever totem]

1 step forward and a couple backwards. Super annoyed any help appreciate…..want to stake ILV. First could connect MetaMask w Illuvium core pool but sushiswap wouldn’t load. Now sushi loads but can’t connect MetaMask wallet. Got advice to install MM chrome extension. Almost worked but now my iPhone says deep link. Not supported when I try scaning QR code to complete this step.

[brisk surge]

So as of now, where are you at? do you have the metamask chrome extension installed? or are you trying to scan the QR on the website with your phone still

[ember ginkgo]

Can't you do it on a desktop? Works best

[clever totem]

I could but would like to ha e it on my mobile device too 👍🏼

I thought I did have it installed but maybe not. Just got to frustrated so had to set the phone down and walk away before it went air born lol

[brisk surge]

Haha I completely understand. I use both the desktop and mobile version, but for ILV stuff I try to stick to desktop. Install the chrome extension and try to connect it, then let me know how that goes?

[clever totem]

Thnx will do have a good one

[vague thistle]

When you stake SLP, it goes into the sushi pool, but when you claim, you get ILV that then stakes into the IPV pool right?

[clear cape]

yes

[livid light]

I wish I could only claim a certain amount of ILV or sILV

depending on the price of land I do not know when to claim the rewards as sILV

[mystic thorn]

im thinking T1 is gonna be somehwere from 1-2k and lvl2 maybe 5k USD

[quaint nest]

Hey I don't know if I have a misunderstadning but I can claim the interest/gains from staking in the sushi pool (even if I locked it for 12 months, I can't claim the capital) whenever I want to start the vesting period, the only problem is that everytime I claim I'll have to pay gas. Although the interest I've gained from staking after a month is sitting there doing nothing. If I start the vesting in the ILV pool it will produce more interest. So although it may cost gas it may be wise that after a month of staking claim rewards so that those rewards can start producing in the ILV pool. I appreciate a lot you taking your time helping to answer this question. Also appreciate any article talking about this

[cunning perch]

!read hey. The more claiming you do from either pool, will be compounded with a weight of 2X and therefore will start generating rewards. Letting them sit there will not be wise if you have enough rewards which justify paying the gas for. Yeah you might pay gas, but later, when RevDis starts kicking in, you'll get whatever you spent back. You can read these docs to help you

[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

[quaint nest]

Hey Arash tahnk you very much, I appreciate you guiding me in the right direction 🍻

[cunning perch]

No problem brother. Happy to help 🙂

[proper relic]

Can you use arbitrum to swap and then stake for lower gas fees?

[gloomy gazelle]

That is not an option at this moment. And I have not heard of any plans to use arbitrum in the future.

[proper relic]

Oh thanks

[quaint nest]

When I claim my ILV rewards from the sushi pool it automatically vest/invests them in the ILV pool or do I have to pay gas to do that too ?

It automatically vest them in the ILV pool

[quaint nest]

Ok, thanks Rojo

[ashen tiger]

This is the best discord interaction I have ever witnessed

[pure mica]

does sushuswap automatically saves some extra eth in case gas price goes up? cuz right now if i click to swap "max" eth it shows me a little bit less than I currently have(want to swap eth for ILV ofc :D)

[unique bear]

Hi @steady trellis, I'm just using your calculator, which is awesome by the way! I'm just wondering why I keep getting a crazy invalid date in the past for claiming the next rewards (1/0/1900) . Even when I set gas to something tiny, it keeps appearing. I'd have thought if Gas was super low that it would be telling you to claim all the time, at least for a date in the future. I haven't gone right into the calculations to find it, but thought I'd first ask if you were aware?

[gloomy gazelle]

Well if you plan on staking you’ll want to save more ETH for gas than even sushi “saves” for you.

[gloomy gazelle]

Yup yup you got there. There are a lot of good things pinned in this channel.

[pure mica]

got it, thansk

[faint moth]

hey stakers...anyone have their pending rewards disappear? haven't been on a bit and have not claimed'

[gloomy gazelle]

Never. Check vesting tab.

Oh you haven’t claimed… the rewards should be pending. Maybe you aren’t properly connected.

[faint moth]

I have my tiiiiiiny xyz that i need to claim. Interesting, I see a 363 pending on .12. Didn't claim, but I'll let it ride. Thx Pelican

[gloomy gazelle]

So a few days ago maybe the staking protocol did something for you… seems unlikely. But if you didn’t do it… You might be able to see how it happened by checking etherscan

[glad flax]

!contract

[woven ibex]

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

[faint moth]

Thx Peli

[floral widget]

Actually I am wondering about the ilv pool APY , it’s at 60+% now and I recall it was distinctly higher last week

[brisk surge]

The more people stake in the pool the lower the APY.

[gloomy gazelle]

Yup. More ILV in the pool. Most of it is the ILV rewards that are vesting.

[wind walrus]

More TVL and lower token price

[gloomy gazelle]

TVL and Tokens being rewarded. Not price. ILV pool APY is based on how many ILV you will receive due to how many ILV you have staked.

[floral widget]

But the drop seems drastic considering I recall it was 3 digits and I actually have to consider which pool to stake, I ended with the SLP pool

[gloomy gazelle]

Once it was 3digits APY in ILV only. But that was months ago.

The chart shows what the tokenomics say about for every 1 ILV given as rewards to the ILV only pool there are 4 given as rewards to the SLP pool.

Also that the amount of ILV given as rewards decreases by 3% every 2 weeks

[hollow sparrow]

The only down side to this staking is knowing you’re going to have to pay the extortionate ETH fees . More things need to be built of BSC….. unpopular opinion? 🤔

[gloomy gazelle]

Yeah unpopular here. There are plenty of rug pulling schemes built on BSC. At least that is what I hear.

[wind walrus]

BSC is a decent chain but being centralized is a huge turnoff. Ethereum is costly atm but that's because it's very secure and projects and collectors will pay extra for that security.

[pure mica]

for how long have you guys been waiting for wallet approval on illuvium website? my metamask says its already been approved but the circle on the website is still spinning. Is that to be expected and i am just being impatient or something went wrong? EDIT. refreshed the page and its gucci 😄

[umbral river]

hey guys, does anyone if it's possible to see the amount of accrued unclaimed trading fees earned by owning the eth/ilv LP from sushiswap?

[brisk surge]

you have to just take the difference in price of the SLP token when you invested and now. You never 'claim' these rewards, it just adds to the total value in the LP.

[steady trellis]

Hi, you need to give me a bit more info for me to understand where is your issue. You can DM me.

[umbral river]

i'm a bit confused by this "Tip: By adding liquidity you'll earn 0.25% of all trades on this pair proportional to your share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.", does this mean the amount of LP token increases while staked in the Eth/ILV pool? Eg. say you staked 1 LP token, would the fees generated on Sushiswap get added to your staked LP token in the ILV/ETH Pool?

[brisk surge]

Im pretty sure your amount of LP tokens stays the same. Its just the value of the LP tokens that goes up.

[zenith thicket]

Swap failed unknown error try increasing your tolerance.” I always got this message when im trying to swap eth to ILV. I aready put the tolerance to 30.00

Slippage tolerance i mean.

[cyan rampart]

If you're making a big buy, be careful with changing slippage, there's been a bot catching people that way.

If you've tried with 30% tolerance, something else is going on.

[zenith thicket]

What is the best and safe tolerance? Thanks

[cyan rampart]

2-3% is standard.

I mean, consider that if a bot maxes out your tolerance, you could pay up to 30% more than the true market price. 2-3% is usually acceptable for people, but it's up to you.

Slippage is just to cover changes in the market price while your txn processes, if that makes sense.

[lost panther]

✌️

[cyan rampart]

So a bot watching for big buys (usually with low gas) can see the txn go up on Etherscan, blast through a txn with super high gas to finish before yours, and thus increase the price you pay (if your tolerance is too high)

It's not usually an issue unless you're making very large buys.

[zenith thicket]

Thank you! Im trying to swap ilv tokens for a week a now but i still recieved that error. Maybe ill try the standard and its not big though

[cyan rampart]

What wallet are you using? Also, are you on PC or mobile?

[zenith thicket]

Im using hardware wallet. And using it on pc

[cyan rampart]

Ledger?

[zenith thicket]

Yes sir.

[cyan rampart]

I haven't used Ledger much but it can cause issues. Check out what Rah wrote here about using Ledger. https://discordapp.com/channels/760344898200666112/814313733287313419/888618166073303090

[brave adder]

Hi I can't connect metamask wallet today?

Would it be possible to unstake lock 365 days?

[gloomy gazelle]

No. It’s locked.

[brave adder]

Ok thanks

[quaint nest]

Will check them out. Thankss

[light gorge]

!silv

[woven ibex]

sILV is a substitute currency that can only 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. The value of sILV in the game - and for possible sales where sILV is allowed - will be equal to the value of ILV.

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.

[cyan rampart]

Most of the bot commands won't work - were you wondering about something? @light gorge

[light gorge]

silv address?

[cyan rampart]

!contract

[woven ibex]

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

[light gorge]

oh i see thank you very much

ilv = 4.6 silv right now?

[cyan rampart]

Umm something like that, it varies a lot on the secondary markets. I got some sILV at about $200 USD ea yesterday, which is like, ILV = 2.5 sILV.

[light gorge]

which secondary markets? sushiswap?

[gloomy gazelle]

Only uniswap right now.

Last I checked today.

[light gorge]

but recommended place to buy ilv is sushiswap right?

[cyan rampart]

Sushi had some yesterday, but it does vary - Typically you can find some on both Sushi and Uni. Or you can use 1inch to figure out where the best price is, and buy directly from there.

[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.

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

[cyan rampart]

We have an official ILV liquidity pool on Sushiswap, but there's no official LP for sILV.

[light gorge]

hmm i see i see thanks @gloomy gazelle@cyan rampart

but how can i swap my silv to ilv then? swap it to usdt or eth first?

[cyan rampart]

I'd just buy ILV for ETH if you're looking for ILV. There's no direct sILV > ILV market AFAIK.

[light gorge]

so i must swap silv to eth then eth to ilv?

sorry little bit confusing here lol.

[gloomy gazelle]

Yeah you would have to multi hop.

[cyan rampart]

If you just want ILV, just use ETH on it in the first place.

[gloomy gazelle]

But unless you want to stake ILV the sILV you have will be the token to get you what you want in game. Or ETH.

[cyan rampart]

Skip buying sILV unless you want it for the land sale or to play the game when it releases.

[rapid granite]

So it’s recommended to buy ilv through sushi swap?

[hot latch]

Hi I have a question. I am staking ILV via locked LP and ILV. I have built up some unclaimed ILV. Firstly this is automatically staked compounded without claiming correct or have i that wrong? I plan to claim all in SILV so if i claim is the SILV gaining intrest or not? If not i would be as well just waiting to claim all SILV for in game currency when the game launch correct? Many thanks please assist. cheers.

[gloomy gazelle]

!but yes

!buy stupid autocorrect

[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.

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]

!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.

[gloomy gazelle]

Your rewards are not compounding unless you claim/vest them as ILV

[light gorge]

So ilv is useless for gameplay? Just for governence token?

[gloomy gazelle]

Correct

!ilv

[woven ibex]

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

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

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

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

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

[light gorge]

Well. in the game i played before, the dev says that a token is for governence token but in practice they make their governence token for cost of breeding lol. I wish that never happen with ilv.

[sonic lotus]

You need to claim them to have them start compounding

[gloomy gazelle]

Haha yeah. That won’t happen. ILV is staked and is for the revenue distribution. And breeding illuvials would cause inflation. And they are intended to be deflationary. So NO breeding.

And there are already plans for other tokens to serve in game needs

Check out some of the pins in #🎮〕illuvium-zero

[limpid forum]

I'm staking for the second time and so I have to claim my existing rewards.

Choosing between either ILV or sILV...

I watched the video @exotic igloo put up on YouTube to perform it all and it makes sense to me the first time but.. this time, when I'm choosing to claim ILV, I'm being charged twice on Metamask for the gas fees.
Am I supposed to accept both of these?? The second fee is like... triple the first.

I bet this has been asked 300x already... sry

[gloomy gazelle]

Probably you are claiming from SLP pool and ILV only pool.

SLP pool has higher fees.

[limpid forum]

Yep that's exactly right, I was wondering if that was the case since it's doubled up on me. Ah gas.. such good times.

[gloomy gazelle]

Yeah it was 30ish gwei 12 hours ago or so

[limpid forum]

Thanks man, I'll be impatiently patient and wait for it to drop again.

[gloomy gazelle]

Yeah there are plans to implement a V2 staking

But it will be a few months till implemented.

It’ll help save on gas.

IIP pinned in #809220563397902346 if you want to take a look.

[limpid forum]

So I've been reading... Im tripling my stakes now, this project is so intriguing and impressive.. Props to all involved,

[gloomy gazelle]

Yeah it’s gonna be fun

[gilded wigeon]

i have a question, all my stake are in ILV pool, i have 1 flexible that i want to wothdraw then im planning to add some more then put it both in SLP ?? u think its worth the gas fees?? considering i have to withdraw my flexible with the rewards, buy ILV then stake in SLP

i saw vetemor video and i realized that SLP can really generate more yields that can account for the risk of impermanent loss

[elfin pumice]

how to get sILV?

[austere parcel]

stupid question but where can i see /exchange my claimed sILV to ETH? i have a balance of 0.58 after claiming, but I can't find the token anywhere in my metamask?

Basically i need a tutorial for how to swap/exchange my claimed sILV to ETH

I really tried but i can't figure it out for the life of me 😵‍💫 🙈

[clever swan]

If I'm claiming rewards for two locked slp stakes and a bunch of ilv stakes then I should just claim the slp rewards and it automatically claims the ilv rewards?

[grizzled kindle]

hey there when i clicked on the slp pool and clicked withdraw it shoudl withdraw both the ilv and slp pool right

or do i have to withdrawa the slp pool a second time

[light gorge]

So illuvials will have same population forever? 🤔 so how can the game expand?

[cunning perch]

Claiming SLP requires two gas TXs. So you claim both pool rewards by paying two gas. So yeah. It'll claim them both

[clever swan]

so only claim the slp pool and it will auto claim the ilv pool

[hollow kelp]

Dont think you can do sILV to eth...

[dreamy pelican]

this stuff is so dumb im unable to withdraw my coins from the flash pool... i didn't anticipate for this "flash pool" to make me wait 365 days in order to get my coins back

is there anyone can help me figure out how to get my XYZ back as i don't care much about my ILV rewards i just want my coins back

[frozen sable]

sILV is in game currency you cannot trade it for ETH or any other crypto. Sorry accidentally deleted last messege

[austere parcel]

As in "not swap for anything"…?; didn't do my DD if that's the case damnit 😂

[austere parcel]

Thanks man, my bad then💩

[hollow kelp]

Like spider said, sILV is used for land sale/in game stuff. You need to have collected ILV rewards to withdraw (after 1 year vesting) to change to ETH

[frozen sable]

I did same thing lol So It should be able to be used to buy some sort of in game nfts then sell those for eth potentially. At least thats what some people are hoping for

[austere parcel]

Oh well, using it later then 🤷‍♂️ 😋

[mint cave]

this is not correct. sILV is an erc20 token that you can trade/transfer or do whatever you'd like with

in-game it has a value that is pegged to the value of ILV at the time of spend, outside the game it will trade at whatever value the secondary market finds for it

there will be no official way to swap the token created by the team, but individuals can do whatever they'd like with the token.

[mint cave]

vesting tab on the staking website -> withdraw

[hollow sparrow]

@wind walrus there is extra but then there is too much…. But I see what you are saying and it’s a fair point. I think if they can sort the fees out we would have seen ETH at a much higher price this run. There is always next one though, time to focus on gaming until then 🤙🤙

[dreamy pelican]

ive done that multiple times

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

which i have no rewards to claim... as ive already claimed them

[mint cave]

so the withdraw will give you 2 transactions at the same time, the first to claim the pending rewards and the 2nd to withdraw the flash pool token

if you had only approved the first transaction previously, without approving the 2nd - then those claimed rewards will have generated more rewards by the time you came back to try and withdraw again

[dreamy pelican]

yes ive done multiple transactions and now those arent allowing me to withdraw anymore rewards

[mint cave]

not sure then - maybe this post/thread can be helpful to you

#884764153292656671 message

[loud anchor]

I have a question when I want to stake a second time I need to claim But after claim I need to pay a second transaction to stake?

[limpid forum]

Correct, you will need to pay 2 transactions. I just did this a few hrs ago. If youre staking in the SLP (im assuming you are), there will be two gas fees, the second gas fee will be about 3x the first one (that was what I found anyway)

[loud anchor]

@limpid forum no I use the ILV pool simple , I need to pay two ? One for claim and one for stake ?

[limpid forum]

Ah, yes, you do.

[loud anchor]

The apy for the ILV pool will decrease to 0 in the future ?

[sonic lotus]

Just bought and staked more! 😄 Let's fucking go!

[cunning perch]

Maybe not zero, but very small probably.

[cunning perch]

https://tenor.com/view/stone-cold-steve-austin-wwe-pumped-hell-yeah-gif-12325054

[lime moth]

Any estimation for SLP’s APY at the end of the year?

[cunning perch]

It's very speculative as many might withdraw their unlocked tokens and leave the pool which would up the price also it is highly connected to the prices of both tokens.

[brisk surge]

When we claim ILV rewards from staked ILV, it doesn't show the rewards we have earned / compounded on our vested rewards that are locked for 12 months, it only shows the weighting... Where can we see this?

[cunning perch]

In the vesting section you should be able to see your claims (rewards) and deposits. After claiming they automatically add to your stake. You can check the number in Dashboard.

[brisk surge]

Ahhh right.

Then does that mean that the unclaimed rewards value of ILV is the sum of both my staked ILV and my vesting rewards income?

[cunning perch]

No the unclaimed will be sitting in their own tab doing nothing really. When you claim it, it'll be added to your stake.

[brisk surge]

Can I DM you ? @cunning perch

[cunning perch]

sure

[warm knoll]

For how long you ll think ETH will go down like this ?

[warm carbon]

hey guys i have questions do we know how many people is actually staking ? for the revenu distribution it will be proportionnal on ILV we stake or number of staker or both ?

[cunning perch]

Hey . RevDis will only be given to ILV stakes. So any staked ILV will get it whether in single pool or SLP. In SLP, the ILV part gets it not the ETH part. For how many stakers you can check this #🥩〕staking message

[stray eagle]

11k stakers in total

Curious about how much we'll get with a few ilv tokens

[warm carbon]

Thanks @cunning perch so it will be proportionnal if i understood

[cunning perch]

yep. Just ILVs receive it.

[late wagon]

Hey. Do i get this right? When i claim ILV from my SLP pool rewards the ILV is automatically locked for 12 months in a stake ?

so if i locked my slp for 12 months and i claim ilv after 12 months i can use that rewarded ILV only 2 years from now ?

[stray eagle]

Yes, if you claim it in periods of 3 months then youll have 4 different pools with a year period ending each one year after you claim it

If only one claim after the first 52 weeks then yes, another 52 weeks

[late wagon]

oh ok thank you. missed that 🙂 i locked 60% of my tokens in ILV pool. could have went all in on SLP then hehe 🙂 np np

[gilded wigeon]

anyone can tell me a rough estimate of how much ILV rewards you can get a week if i just stake 2 SLP?? that's all the budget i have for now just wanna know if its worth it coz of the gas fees

[cunning perch]

There are calculators you can use in pinned messages here in the channel

[hollow kelp]

2SLP @540% apy = 0.8 ILV/week roughly. NB: APY constantly changing.

[gilded wigeon]

Thanks guys appreciate it

[ruby lily]

Hey does SLP also get rewards from game revenue (land sales, etc)?

[stray eagle]

Yes

[wind walrus]

Yes, you will get RevDis from the ILV you have in SLP

[tropic zenith]

Still have a way to stack SLP?

[cunning perch]

you can stake it in LP in Core Pools on the website with no issue

[ruby lily]

ty 4 confirming

[brisk surge]

What’s the max ILV you can stake per day? My MetaMask wallet doesn’t seem to let me stake anymore since I stakes 5ilv for 12 months …. Anyone else having issues ? Or even better , have a solution ? ✅ 🇮🇪

[cunning perch]

Not really. YOu can stake as many times and as many tokens as you want. There is no limit or minimum

[final steppe]

What Arash said above 🙂 The only real "limit" is going to be the ETH in your wallet. You should be able to stake as much ILV as you want in a day, but you do have to pay ETH for the gas fees so just makes sure you have enough ETH in your MM to cover those fees each time.

[brisk surge]

I keep getting an error when I’m looking to stake 20 ILV and error that keeps coming up is “unpredictable gas limit” “cannot estimate gas” “transaction may fail” - trying for the last week or so. Staking from my connected Meta Mask Wallet

[mystic thorn]

have you tried increasing the gas limit of your transaction?

[brisk surge]

How do I do that ? The error comes up after I press stake when the message about having to claim your existing rewards in the pool and I choose ILV. Worked no problem for my first 5 ILV i staked where it brings you to the screen on the MetaMask wallet to confirm transaction

[cunning perch]

before confirming on MM you can edit the gas (above the gas price). you can set it high and raise the limit if you want

[silver nebula]

Has anyone done the maths on claiming sILV with rewards, then selling SILV for ETH/ILV and staking that in LP for 12 months?
which one would you end up with more ILV in?

[cyan rampart]

Are you using Ledger?

@young needle https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac
https://www.youtube.com/watch?v=C6YugU4zZr4

Check both these out for more info, feel free to ask if you have more questions!

[hollow kelp]

You cant sell silv? O.o

[silver nebula]

yes you can, on uniswap

[hollow kelp]

As far as I know SILV is solely an ingame currency rn and cant be traded

[cyan rampart]

You can buy and sell sILV on secondary markets, just keep in mind there isn't an official liquidity pool, so trade at your own risk!

[hollow kelp]

Hmmmk interesting to know. Lower price too understandably

[cyan rampart]

Yeah, there's a lot going on there that I could go into if you're interested (i.e. why the price is lower, why people are buying/selling it etc.), but it's definitely available.

[topaz ridge]

Probably just wait for binance to release silv i think ilv is already listed

[hollow kelp]

Wouldnt that be open to complete abuse to avoid vesting? Will do maths when I wake up tomorrow but given the SLP pool being 7-8x the core ILV pool, unless the price of SILV follows the same trend (1/7th or 1/8th) excluding fees, would be a big swap opp

[cyan rampart]

That's a major part of it, yes. People taking profits and/or reinvesting the ETH gained by selling sILV into the SLP.

[hollow kelp]

ILV not listed on binance yet

[topaz ridge]

Where does coingecko get their prices?

[hollow kelp]

And by the same token ppl can get ILV equivalent for land sale/in game stuff for alot cheaper

[mighty bolt]

Just have to claim rewards, but there is gas so make sure it is worth it, then stake again

[cyan rampart]

Yeah, this probably isn't exhaustive for why people buy sILV, but you can get about 2.5:1 on your ETH for the land sale etc. If you're bullish on ILV, sILV being pegged to ILV for in-game spending means that you can buy potentially appreciative "in-game money" tokens.

This would be a problem if it weren't also decreasing the maximum amount of ILV that can be minted via staking rewards. It ends up being very good for ILV holders as well, as every sILV minted is 1 less ILV that can be minted.

[hollow kelp]

Yea so the secondary market produces a massive reduction in max circulating supply

[cyan rampart]

Not massive yet, but it could be 😄

[hollow kelp]

Yea current 115k volume isnt too large but something. Can see the gas fees being the main issue for retail investors.

[cyan rampart]

I expected some "stockpiling" of sILV before the land sale, I just didn't expect it to be via whales claiming rewards as sILV to sell on secondary markets, I thought it would be direct claiming as sILV.

[cyan rampart]

Yeah, I think we're coming up on 18k sILV minted so far, which isn't massive yet.

[stray eagle]

I'll buy some silv probably for landsale

[whole nexus]

an idea of what can be price of a land ?

[stray eagle]

No

[whole nexus]

A little question: In the Deraji's calculator. What mean " Max Loss to Gas Fees"

[stray eagle]

Hope I can buy one low tier arround 3k dollar

I presume lands will be expensive