🥩〕staking

[cyan rampart]

I haven't used the calc personally, but it's probably the maximum you could lose to gas fees.

[abstract crown]

Do you have to import sILV manually on uniswap/sushiswap to be able to buy/sell it?

[young needle]

Thanks I was just learning the Illuvium from few source and this will be my next source

[civic iron]

Hi everyone !
I have a question : You know how the revenues of the game will be distributed to the stakers, according to the pool ?
Do SPL have a higher percentage than ILV, if yes, do you have those percentages?
Thank's ! 🙂

[scenic oracle]

which stakign gives sILV? I staked and only can see ILV returns

[reef veldt]

you can claim rewards as ILV or sILV

[lilac coyote]

It’s great for tokenomics (more sILV is less ILV minted) and having a liquid sILV market provides a safety net for some stakers.

[cyan rampart]

#🥩〕staking message Yup 😄

[warped anvil]

Hello everyone! My apologies if this question has been answered previously. When migrating from staking v1 to v2, how does it work with unclaimed rewards? Will they migrate as well or will I have to claim everything before the migration?

[cunning perch]

Migration should happen as you will always have unclaimed rewards even after the migration. The moment you enter YF, you will be here for four years (haven't added the 2x year for 2x reward weight) minimum as the moment you claim, you get the reward the next year. So when you claim even in 3rd year, you get the reward in forth (again with 2x weight, you might get it two years later imo) So logically it should already move to V2.

[warm carbon]

Hi the land sale will be only sILV or Eth too?

[reef veldt]

both

[cyan rampart]

Yeah, that's right! sILV or ETH - you can choose which to spend.

[warm carbon]

Thanks

[magic pebble]

can any1 link info i can read on staking v2 and any info on its release date

[wide eagle]

check pinned comments under #809220563397902346 👍

[agile fiber]

I read staking rewards go through 2024? Does this mean you can only stake new amounts through 2024? Or you will only earn rewards from staking through 2024?

[wide eagle]

no you can add when ever but then you will have to pay gas to remove currant pending rewards👍

[manic spindle]

Yield Farm Rewards are limited to three years. RevDis will continue as long as there is revenue and requires staking your tokens as well 🙂

[agile fiber]

Sorry, still new to a lot of this. So the yield farm rewards is the ~70% APY for the ILV pool and the ~500%+ APY for the SLP pool. Those are only paying out for three years?

[manic spindle]

!read Yes, and they will continue to drop over time 🙂

[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

[agile fiber]

Got it. Thanks for the link, too.

[brisk surge]

Why is the sushi lp giving away so high apy‘s? How do they earn money?

[mighty bolt]

For got the term they use but higher risk for loss

[wide eagle]

its more advance liquidity pool, the reason its so high is there is the risk of impermanent loss, but check pinned comments for a more advance explanation

[mighty bolt]

There it is. Impermanent loss* couldn’t remember

[wide eagle]

yes on Sushi LP

[fair bane]

does the sushi lp auto compound?

or just the illuvium pool

[brisk surge]

It auto compounds into the ILV pool.

[fair bane]

ok nice

[sleek glen]

so if i put lp ilv/eth token into staking for a year is there tokens i can receive before that year is up?

i should say if cause i already haphazardly did.lol

shouldn't

[clear cape]

you can take silv as rewards which value is pegged to ILV and can be used in-game

[daring marsh]

After weeks of hesitation and research I’ve finally convinced myself and just staked haha! Feels good to be a part of it 🔥

[proper relic]

you only live once

[storm trail]

For Sure!

[brisk surge]

I’m on a MW 3.0

Cheers mate - I’ve checked all this and no mention of this error or how to resolve it! 🤦🏽‍♂️

[bronze heart]

if we do flexible for ILV stake, are the rewards still locked for 1 year

[gloomy gazelle]

Yes. The rewards are locked. But the deposit is not.

[bronze heart]

ok got it

[gloomy gazelle]

https://tenor.com/view/desi-banks-getting-crunk-happy-dance-hell-yeah-gif-15119215

[junior shuttle]

damn is that gas price real lol. Wonder what dropped

[grizzled thistle]

yeah I do wonder why the gas fees are a lot higher today in general, must be due to the market crash

[sturdy scaffold]

Hey guys, can I restake. my pending ILV rewards (from single ILV pool) to SLP?

[clear cape]

no

[storm wolf]

Would you buy land and why?

[proper relic]

Gas fees dont even look that high right now 🤨

[gloomy gazelle]

Yes. Scarcity. As much as 5% of in game purchases will be using land owners’ fuel tokens.

[grizzled thistle]

yeah they dropped back down this past hour

[gloomy gazelle]

!gas let’s see what’s been guzzling

[woven ibex]

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

[gloomy gazelle]

Here’s the NFT drop that the big culprit in the last few hours. https://etherscan.io/address/0x0ee24c748445fb48028a74b0ccb6b46d7d3e3b33

[rapid flax]

Help please! So about a month ago through Sushi Swap and Meta mask I transacted and got exactly one Illuvium token ($434.00). I then staked and have been watching rewards grow through MetaMask browser since then. Well I log in today to my MetaMask and then go to my browser and it says that I must link my wallet.. however meta mask is not an option. What do I do?

Thanks in advance

[golden pecan]

Quick question.
I staked some ILV a couple months back and have been checking it out about once a month.
When I checked the rewards today it was the same amount that it was a month ago when I checked.
Is there some kind of limit to your reward amount?

[unreal urchin]

Try using wallet connect option. Works for me

[rapid flax]

Wallet connect option?

[gloomy gazelle]

As long as your ILV is still staked it should still be earning rewards.

Did you claim/vest any of the rewards yet? Are you certain it’s the same exact amount of pending rewards or was something being rounded?

Because there often is rounding involved in the UI

[golden pecan]

Thanks, for the reply.
I have not claimed any rewards yet. It may be some rounding but it`s only showing one decimal

[proper relic]

Can someone smart figure this out for me

https://etherscan.io/gastracker#historicaldata Shows 40 gwei

https://crypto.com/defi/dashboard/gas-fees Shows 60-80 gwei… which is the real price?

[gloomy gazelle]

Etherscan knows. Crypto.com wants your money.

[proper relic]

Ah gotchu, thanks

[gloomy gazelle]

But you’ll notice that 40gwei was only processing for like 1 minute.

[scenic oracle]

hi can i check which stakign gives sILV, because I am only getting iLV staking the core.

[floral widget]

When you claim you get to choose to claim in silv or ilv

[lusty jackal]

Hiii guys soo i'm looking to stake and i'm wondering if i've already staked the first time how can i stake the second time?

is it the same process or do i have to redeem the rewards of the 1st stake?

[manic spindle]

Again, the exact same way as before. Go here: https://staking.illuvium.io/staking/core choose the pool you want, click on "stake", choose locking period, you then are asked to claim rewards IN THAT TRANSACTION, and then you approve the stake.

[lusty jackal]

i'm a bit confused sorry

if choose to lock my staking for 52 weeks will i be able to still get my rewards? or until after 52 weeks can i get the reward?

[manic spindle]

!claim Locking a deposit locks that deposit. It has no effect on claiming 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.

[lusty jackal]

if i'm not mistaken from what i read claiming ILV will go straight back to the staking pool and locked for 12 months then after 12 months i can get the ILV for myself?

[manic spindle]

Correct. Only sILV can be claimed as immediate payout.

[lusty jackal]

okay i understand Thank youu

glad i can keep staking and piling it on over time

[main forum]

Hey guys I have a doubt on which pool to stake my money. Would you guys recommend staking on the Sushi Liquidity Pool if my budget is under $1000? (I'm fishing for a gas fee of around 40 gwei)

[potent flare]

that is only your choice. With 1k, gas fees might kill your budget in the liquidity pool

[daring marsh]

As Shabim said this is really up to you but the Reward calculators that are pinned in this channel can help to give you a hint of what makes the most sense for you

[drifting shell]

Approaching 350 ILV from staking rewards. Should be done by the end of the month

[cunning perch]

https://tenor.com/view/thorki-thor-loki-loki-thor-brodinsons-gif-21024877

[drifting shell]

😂 showing off would be saying my average buying price for ILV was $31

[warm knoll]

Ah i m finally part of the SLV stack as well !

[manic spindle]

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

[warm knoll]

so now that i have stack in both pool. The reward are shared right ? (the amount of ILV reward displayed come from both slp and ilv pool ? )

[manic spindle]

You will receive rewards for your stakes in both pools, yes. You claim rewards per pool individually though (claiming LP pool rewards requires to claim ILV pool rewards as well though) 🙂

[warm knoll]

claiming the reward from SLP doesn't claim by default the ILV ones ?

i though i read that on the publish0x blog

[manic spindle]

You are automatically forced to claim both pools when claiming LP, yes. But it is still two transactions.

[warm knoll]

k thanks

[sturdy scaffold]

Good evening! Can I double provide ILV-ETH liquidity in Sushiswap then at the same time stake my SLP in the ILV-ETH staking pool in Illuvium website? I'm wondering if I missed the a step to add liquidity first in Sushiswap so I can also earn their transaction fees.

[gloomy gazelle]

!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

[gloomy gazelle]

Oh I see. You did it the right way. It’s just that now it’s not IN your wallet. So sushi doesn’t know you have it. You still get the swap fees. It goes into the sushi lp pool and your SLP tokens are worth more because of the fees in the pool.

You can see it on zapper.fi

[sturdy scaffold]

Alright thank you! @gloomy gazelle

[wanton field]

Hi can someone eli5 the liquidity pools to me? Do staked SLPs entitle one to revdis as well or is that exclusive to staked ILV?

[sand carbon]

Hm i have paticipated in the xyz flashpool, how Do i get those back?

[manic spindle]

You go to "Vesting" and withdraw them while claiming your rewards WITHIN that same transaction (NOT separately under Rewards) 🙂

[tacit vigil]

balance is 0, i have ETH and ILV why?

[manic spindle]

!staking Sounds like you want to stake into the LP pool. For that make sure to check out this information 🙂

[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

[manic spindle]

!lp

[woven ibex]

Providing liquidity for ILV is done via an ILV/ETH Pool on SushiSwap and requires a few different steps compared to staking only ILV. These steps are the following:

• You acquire a 50/50 ratio of both ILV and ETH (in $)
• You go to: https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E
• After approving the contract (if this is your first interaction with it), you stake your 50/50 ratio of ETH and ILV in the pool
• You receive SLP tokens (To see them, add the SLP contract address to your wallet: 0x6a091a3406e0073c3cd6340122143009adac0eda)
• You go to: https://staking.illuvium.io/staking/core
• You can now stake your SLP Tokens in the Sushi LP pool just like ILV is staked in the ILV pool.

If you never provided LP before though, make sure to understand IL: https://academy.binance.com/en/articles/impermanent-loss-explained

[sand carbon]

Is there a possibility for those who locked there Pool in july to extend the locked timeframe before v2?

[gloomy gazelle]

I assume you mean for those that would unlock after V2? Maybe. But that would likely take a separate IIP. As currently proposed that is not the plan.

Aaron did say if there was enough people that whined enough… but for me that basically means gaining community support

[sand carbon]

Ye, I just locked for 5 month - So mid december but would have done more with those Informations. Otherwise I am unlucky and have to life with 2 years locked rewards 😅

[brisk surge]

i did the same for 3/4 of my tokens lol, would honestly be lovely if i could just extend it to 12 months before v2 happens

[warm knoll]

Where can we got more info about that v2 ? That's suppose to be the immutable right ? What are the other goal of it beside less gas fee ?

The zero gas fee will only be while trading on the illuviDex (the market)

[elder dawn]

Check out the pinned post in governance. V2 is still on ethereum, but lower fees than current.

[warm knoll]

thanks i'll check this out

[sleek glen]

So i have staked the lp token on illuvium, i can see im starting to earn ilv. I lock my tokens for a year. Can i take the rewards out still or do i have to wait til the year is up?

[warm knoll]

you can claim whenever you want

you will have to pays the gas fee though (so better waiting a bit for it to be worth). Lot of documentation on the blog publish0x

[final steppe]

Whenever you claim rewards in the form of ILV, those ILV rewards are locked for 12 months and vested in the ILV pool during that time.

So while you can claim the rewards whenever you want, they cannot be withdrawn until their 12 month vesting period is over.

[wind walrus]

You can claim when the value is high enough to justify Gas fee. If you choose sILV it is unlocked and usable in-game and for land purchase. If you choose ILV it will be locked 12 months from the time you claim but will gain APY and RevDis

[sleek glen]

Ty guys

So if i claim ilv does it auto stake or i have to put in the stakeing pool.

[wind walrus]

Autostake

[sleek glen]

So that will be in the slp pool or the ilv pool

[wind walrus]

ILV Core

[sleek glen]

No way to add eth and put in the slp pool

[final steppe]

Nope.

Automatically vests in the ILV core pool... token weight of 2 though so you get the highest APY of that pool for the 12 months 🙂

[wind walrus]

No. Once Revdis starts you will have that option with RevDis as it will be unlocked

[sleek glen]

Revdis stands for game revenue and what is dis

[wind walrus]

Distribution

[sleek glen]

So RevDis will show up in separate earnings box to use then?

[wind walrus]

I assume. You will have to claim it from what we have been told.

[sleek glen]

Ok. Cool. So last question. To make sure i have things straight. Reward money i should be taking out like once a month maybe so it auto stakes otherwise reward coins just sit there collecting nothing. Is that correct?

[wind walrus]

Correct. Just watch gas fees and claim when it makes sense. There is a calculator pinned in this channel that will help with that

[sleek glen]

Awesome. Thank guys for your time. Appreciate the help. Ty

[wind walrus]

NP. Welcome to awesomeness

[sleek glen]

This is very cool. I love it!

[twin steeple]

Hi, everyone. My 3 month lock for staking just finished. Will it be more profitable to stake in the liquidity pool? I'm familiar with it. It's just I'm not sure if it' still profitable

[wind walrus]

I believe so. Still over 500%

[twin steeple]

Thanks, man. Just a bit hesistant thinking i'm already late in the party.

[wind walrus]

It also depends on the amount you wanna stake

[silver nebula]

Gas fees are significantly higher on LP, so small amounts generally dont make sense.
Staking in LP also diminishes my % of the pool, so if you want to line my pockets more please stake in pure ILV pool

[wind walrus]

Definitely not late. Still very very early. YF is three years and were only three months in

[tiny echo]

Hi guys, I am trying to learn how to put the correct inputs into Illuvium calculator. Can someone teach me if I have 1,000 USD to spend on sILV (500 ILV + 500 ETH), how should I key in the information in the left panel?

[wind walrus]

Convert to figure out how much SLP you would get for your 1k. SLP is 2400 atm so divide your 2400 into 1k

Looks like about .41 SLP

[tiny echo]

Oh I see, what about other information such as "Staked ILV, ILV Rewards (Unclaimed), etc."? Do I just put all of the information as "0"?

[silver nebula]

allow for USD200 in gas fee

[tiny echo]

Sure, so I will assume 1k + 200 (gas fee)

[wind walrus]

If you are starting from scratch all you need to input is SLP. It will spit out info to help you decide how often to claim

[tiny echo]

Got it, that's helpful. And on the rewards distribution, do I just read the row with "ILV earned from SLP rewards"?

[wind walrus]

Sounds right. It will have several claim options like Daily, Weekly, hybrid ect.

[tiny echo]

Thanks @wind walrus ! This is a great start, I will continue exploring the spreadsheet for the time being

[silver nebula]

Actually I just tallied up my initial staking, to trade ETH to ILV, approve ILV, Add liquidity, Approve LP, stake LP took me 659k gwei, or at currently prices USD2 per gas price. So at 100gas price (now) that's 200USD excluding any cost to buy the ETH and transfer from CEX to MM. But would be cheaper at lower gas prices obviously

[sand cloud]

Any information on when staking v2 is going to be released?

[scenic vortex]

Hello, the stacking website is always loading after I connect my wallet metamask, it is normal?

[cunning perch]

The date is not clear yet, but the team is working on it

[cunning perch]

If using phone, there might be a bad connection through WalletConnect. If using the website (extension) it should work just fine.

[sand cloud]

Trying to decide wether to stake now or wait for v2

[cunning perch]

well If you are planning to get a 2X weight, if you stake now, your rewards will be unlocked after one year. If you stake after V2 implementation, you're rewards will be unlocked after 2 years. But still the decision is up to you ans you should take gas into account now

[sand cloud]

2 more questions:
Will moving from v1 to v2 cost gas?
Any idea if we're talking days or weeks for v2?

[cunning perch]

yeah. Any transaction costs gas. I'd say it's a matter of month not week. But that remains to be seen

[sand cloud]

Thank you! I think I'll be staking asap then 🙇‍♂️

[cunning perch]

be mindful of the gas. It's a bit high now

[sand cloud]

Yh ofc waiting for optimal situations for each transaction 🧐

[warped anvil]

The past couple of weeks, the gas has been low on Saturday afternoons (depending on where you live)

[marsh oyster]

i have a question the TVL in core pool ILV is 336,400,000 $ but if we do this TVL/(price of token) we have 336,400,000/450 = 746 000 token but the circulating supply is 634,934.06 ILV

[ripe steppe]

Much of the ILV pool contains tokens which are in there due to claimed rewards from yield distribution (which are locked for 12 months once claimed) until that 12 month vesting period completes they are not circulating

[vapid topaz]

Hi, has the coin98 wallet been removed from allowable wallets for staking? Can't connect mine suddenly now.

Oh nevermind, it's fixed lol

[wraith pilot]

can someone give me a quick guide on how to stake

[next ruin]

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

[wraith pilot]

thanks

[warm knoll]

And I think as you said before. For now nothing will be possible for the people who already stack one year to switch on V2 and increase to 2 years ?

[wraith heart]

Hey is there anywhere I can read more about staking v2? Thanks

[next ruin]

There's a thread specific to the staking v2 proposal under #809220563397902346

[cunning perch]

No as long as you stake now and lock for 2x weight, it'll be unlocked after one year. It all changes with V2

[whole nexus]

Hello, what is the best price of gas to pay ? A amount that is seen often and less are more rare thx i hope u understand my english.. ^^

[brisk surge]

40-50 gwei has been a good area to shoot for.

[cunning perch]

Well you see sub 40-30 you'd better throw everything you got at it.....quite literally lol 😄

[sturdy scaffold]

Hey guys. Where can I find any information about v2 staking?

[cunning perch]

check the pinned messages in #809220563397902346

[sturdy scaffold]

Thank you

[obsidian nebula]

On the website it says that locked ILV compounds rewards while vesting. What specifically does that mean?

[next ruin]

When you claim rewards, they are locked for 12 months "vesting." During that time, they are in the ILV-only staking pool, earning additional APY. Unclaimed rewards do not automatically compound your earnings.

[obsidian nebula]

Does vesting ilv earn a share in revdis?

[cunning perch]

what ever ILV you stake and whatever rewards you claim in form of ILV will receive RevDis

[obsidian nebula]

What is the simplest way to calculate my share in revdis?

[cunning perch]

RevDis is still speculation as neither the game nor the market place is operational yet

[plain marsh]

Anyone else notice that $1,000,000 of ILV that was just removed from the ILV pool and is now slowly being swapped for ETH (since it has dropped significantly) via the pool? Whale on the move...
Remove from Stake: https://etherscan.io/tx/0x67ff28afe3546e0ad18f4c4a94b0d58fee5f91982a48cdcfd3bcaa1a018854fe
Selling 200 at a time: https://etherscan.io/token/0x767fe9edc9e0df98e07454847909b5e959d7ca0e?a=0x32648075ecd353767da2fafef3c56a4283567f12

[iron pebble]

ILV didn't drop as hard as ETH so I guess it makes sense, no?

[cunning perch]

He's probably exiting or planning to buy back lower.

[plain marsh]

Yep - someone just playing the percentages... which def makes sense when you're flexing that large of a wallet.

[plain marsh]

They'll be back in a bit, after ETH pops back, with 1.2M to spend on ILV

[cunning perch]

Sure why not. The biggest ILV sell was 20k ILV that dropped the price from 130 to 80 before skyrocketing to 300. These selling are not scary and def opportunity.

[stray eagle]

Yeah its sinking btc and many alts with it

[cunning perch]

Guys let's keep the price analysis in #💰〕token

[plain marsh]

And sky rocketing Gas. yike! 551 for fast!

[surreal sierra]

Damn thats a good strat i just bought some eth

Once it comes back up will be putting it into ILV or participating in land sale

[neat glade]

just want some advice, i only have 100 dollars worth of eth right now, is that enough for me to stake or i need more because of the gas feeS?

[cunning perch]

You need more to spend on gas rn. It's too high for $100

[neat glade]

😫 damn, i should have found this game earlier oh well.

do you guys have any advice for minimum amount to invest in?

[cunning perch]

There is no minimum and it all depends on your buying power and if it justifies paying the gas for

[next ruin]

The ILV/ETH ratio appears to be rock steady?

[neat glade]

ayt thanks, yup, ill just save more and enter when i can

[surreal sierra]

Ilv is down 7% on the week and eth down 19%

[ripe steppe]

checkout the cost of staking in the different pools (can be found in the link) and whatever the transaction costs of the type you want to stake in id recommend staking at least 10 times that many $'s to make it worth it (10% of your total investment then goes just to transaction fees) (the more you invest the more worth it it is) https://docs.google.com/spreadsheets/d/1-yorrLEO7051B8ELI7eBtAOohYn8DME4peMPavxcUuw/edit#gid=0

[neat glade]

oh nice! thanks, i'll make sure to check thisout

[next ruin]

ILV is down 17% from the 14th. $495 - $406

ILV/ETH ratio is not really moving.

[surreal sierra]

Hmm my bad then, in any case buying the dip

[wanton field]

Hello everyone, what's the difference between staking v1 and v2 and is there any advantage to waiting for v2? I tried looking at governance pins but I'm not sure where to look exactly

[tropic axle]

wondering this too

[cunning perch]

#809220563397902346 message

[hot lynx]

Wow ..

[wheat grotto]

Is it better to wait for staking v2 for my next investment?

I’m thinking of leaving money in ILV (not staking it) in case it jumps back to 600+ for trailer release .. how do I convert the ILV back to ETH if I make a bit of profit and want to spend that on land for the land sale?

[plain marsh]

Here is the document related to Staking V2: https://cdn.discordapp.com/attachments/809220563397902346/887631374411001916/GOV-IIP-011IlluviumStakingv2-150921-0927.pdf. (that one is also pinned on the governance thread)
Here is the discussion thread on Staking v2: https://discord.com/channels/760344898200666112/887631374578757692

[plain marsh]

Swap ILV for ETH on app.Sushi.com - just the reverse of the way you purchased it.

[wheat grotto]

I’ve been using gate.io so it’s the same process as when I deposited the money from coinbase but using MetaMask address to send

[wheat grotto]

I may have a few questions about that document but it’s late, I’ll see if there’s anyone available tomorrow to answer them.. it’s all new to me some bit need dumbing down lol

[obsidian nebula]

When will staking v2 be live?

[lime moth]

Is metamask secure as long as it is not connected to any dangerous site?

[dusk minnow]

This is pretty nice - Even if ILV drops 75% to $100 I can recover most of my initial investment because of SLP + ILV staking rewards...

[surreal parrot]

How long is my LP stake locked if i pick the flexible staking ?

[plain marsh]

Flexible staking is not locked at all...

[surreal parrot]

Ohhh really

[plain marsh]

You could withdraw your Flexible staked ILV or SLP immediately - you would just have to pay the gas fee again.

The ILV that you get as a reward for your stake IS however locked for 1 year from the point that you claim it - but is weighted at 2x for that year.

[clear cape]

called flexible for a reason

[floral widget]

You put value of eth is fixed at 4K which might or might not happen if ilv drop 75% eth might drop 50% too

[dusk minnow]

That's true, I was more looking at the scenario of just the project doing poorly/okay and eth staying mostly flat. ILV makes up most of the value from the staking anyhow once we reach the end of year. If I adjusted ETH to $1000 it's still around 60% of original investment

[exotic vessel]

the double cost of claiming is annoying 😦 an atomic contract doing claim on both pools would have been nice

[exotic igloo]

Major improvements on that coming with Staking V2.0

[open harness]

Reposting to here: Is there a way to re-stake rewards without paying gas fee's? Currently have a few ILV chillin and they are sad they are not with friends.

By this I mean I'm in the liquidity Pool and would prefer to automatically Stake the ILV gains instead of paying gas fees

Thoughts?

[exotic igloo]

You cant.

[open harness]

@Rahlord looking forward to your message about 2.0

[spark cape]

Hello, so the token in binance can be use for stake?

[exotic vessel]

should be like buying through uniswap/sushiswap

[gleaming brook]

Will the Binance listing impact the liquidity pairing with ETH in SLP?

[exotic igloo]

No

[floral widget]

So there will be a new liquidity pool with binance?

[brisk surge]

This isnt a LP on the BSC network. Its the binance CEX offering ILV token.

[floral widget]

But they need the liquidity to sell?

[gleaming brook]

Hence we will see IL in the Sushi LP?

[brisk surge]

They can get it from the existing LP

[clear cape]

yes we are seeing it right now

[gleaming brook]

I can see the ratio is up to 0.19. How to calculate the IL? Thanks

[gleaming brook]

But I am seeing the Sushi LP price going up. Confused…

[clear cape]

The number of ILV tokens you have in that SLP is decreasing

[gleaming brook]

Ok thanks. Anyway I cannot do anything for next 360 days 😅. Just continue collecting my rewards then

[wraith heart]

Is it possible to make more Sushi LP tokens with the rewards from original stakes LP tokens if I have eth? Or can rewards only be used for single side staking?
Thanks!

[chilly lodge]

hey guys if i claim my rewards i still cant get it after a 12 month vesting period so should i just wait until the 1 year is done then claim everything ?

[inner estuary]

Don’t stress about the IL, ETH will kick again after this evergrande fiasco is over

Great to see SLP APY back over 600% 🔥

[inner estuary]

The 12 month vesting period only begins once you claim the rewards

[proper relic]

Why is the apy higher, can you explain please?

[chilly lodge]

oh so its another 12 months from the 12 months that i staked?

[inner estuary]

It’s 12 months from whenever you claim rewards

[clear cape]

apy is superficially higher due to the price of ilv increasing, we arent actually geting much more ilv tokens per day

[inner estuary]

You may claim rewards on multiple occasions throughout the time you are staking. Every time you claim, those rewards will be available 12 months later

[inner estuary]

Not sure what you mean?

[clear cape]

The APY is higher yes due to ILV price increasing but it doesnt mean we are getting more ILV tokens a day im pretty sure

[inner estuary]

The APY is calculated at the time. It doesn’t matter what the token value is. If it’s worth $100 per token and you make 600% in the year, you will receive 6 additional tokens. If the token is worth $1000 per token and you make 600% in the year, you will still receive an additional 6 tokens

[elder dawn]

It actually means we're getting fewer. If staking goes up, rewards go down. I stand by my previous statements - APY is dumb. What matters is ILV earned. Those will likely drop tonight.

[chilly lodge]

wont the price just go down tho since when trading is open in binance people would just sell instantly after prices go up

[brisk surge]

That’s actually not how it works. The APY is calculated based on the dollar value of SLP token vs the dollar value of the ILV rewards.

[elder dawn]

If ILV price goes up, so does the APY. For the regular ILV pool, price doesn't matter. For the SLP, it matters a lot.

[dusk minnow]

What's the rate of ILV payout per SLP at the moment?

[coarse stag]

What is v2 staking everyone talking bout?

[sly bridge]

Binance listing ILV means that I can steak directly from Binance instead of using Metamask? Or Metamask wallet is still needed for the process?

[limber otter]

Whats V2 stacking?

[brisk surge]

Bruh you made a picture!!! I love it.

[elder dawn]

Daily ILV per SLP was 0.03889 as of this morning (at 1x weight). I track it here. https://docs.google.com/spreadsheets/d/1Pm6b54YRTjdv6cDmWwudyejk2aA8XSEB5CgzKWe1N20/edit?usp=sharing

[elder dawn]

Part of my blog post on it. Hopefully some youtube videos coming on this stuff, but those take me longer than writing. https://www.publish0x.com/ilvfi/apy-is-dumb-what-really-matters-in-staking-with-illuvium-xrnxpmz

[elder dawn]

proposal pinned in governance - planned to reduce gas fees.

[silver latch]

Are we able to stake on Binance? Or is it Ethereum main net only?

[coarse stag]

Why I agree. APY will keep going down, but IDC, because the price of ILV will go up A Lot in the next few years, so that 500% might become 200% later, but if it 10x basicly its 2000% amiright?

[austere cliff]

Just wondering, for flexible staking in ILV, is it immediate? or do you have to wait a few days to unstake and then u can sell back? coz some other tokens require a few days to unstake.

[limber otter]

Whats the different between v1 vs. v2 stacking?!

[elder dawn]

Momentary price bumps like this get people all excited, and that has nothing to do with long term value. Yes, I agree - I want the price to be $5000 later, when the project justifies it. That would be awesome. For now, I want more ILV. APY hides the fact that rewards generally decrease.

[coarse stag]

Just watch out for flexible. If you're not doing very large amounts, the fees will eat you and you wont be able to withdraw reward anyways. Id rather say go long time

[elder dawn]

what Bernard said, you can unstake immediately, but you won't get any rewards and a huge gas bill

[coarse stag]

Yes but we all know that, but I agree they should maybe state that. But its the name of the game. Get in before it decrease more

[last summit]

Hi! Is it possible to stake more ILV without unstaking? And If I were to unstake do I lose my rewards? I did 1 year locked staking. Thanks

[elder dawn]

Time in the market beats timing the market, particularly with this staking rewards structure

[dusk minnow]

Before an announcement like this, does binance need to buy a huge bag of ILV to have a reserve to handle trade volume? Hmm wrong channel

[coarse stag]

Good question

[limber otter]

Whats the different between v1 vs. v2 stacking?!

[elder dawn]

you can create a second stake. it will claim your current available rewards, but you can create a completely different stake with a different lock up period

[austere cliff]

yeah, not worried about that, coz im staked in fixed anyhow. Just helping a friend check. Because when u stake something like ADA it takes 1 day to claim, or matic which takes 4 days to claim etc. So if youre staking flexible in ILV or the ILV/ETH pool, does it mean its completely immediate or is it like some other coins which require a day or two to claim.

[elder dawn]

Limited details yet - essentially just they simplified the contract so transaction fees should be lower. Some other planned benefits. There is a pinned description from Aaron in the #809220563397902346 channel

[coarse stag]

I don't know, but I wouldn't do it anyways if it's 1 minute or 1 day.

[dusk minnow]

This staking is kind of different from that staking right? From my understanding, for those you're actually setting aside tokens to secure and validate the network

[sly bridge]

Hi folks, appreciate an answer to this question :) thanks

[limber otter]

Stacking reward wise. the 12 months vesting starts when I claim rewards?

[elder dawn]

correct - when claimed available rewards begin vesting, are moved to the ILV pool at 2x weight, and are locked for 12 months.

[junior shuttle]

Yes.

[limber otter]

What does 2x weight means? 2 times the apy?

[coarse stag]

Yes but again you will probably only get around 1x apy because apy gives false percentage as more people stake it gets less

[elder dawn]

the apy reflects the weighting. the base APY in the ILV pool is 34.5% right now. If you lock for 52 weeks, you earn at 69% (right now)

[ashen burrow]

so i have 0.85 ILV reward from staking. should i pull it out and restake it? im not sure what this part means

[limber otter]

Same question!!

[next ruin]

Any rewards are not earning additional interest while pending. Once you claim ILV, it is locked in the ILV-only pool for 12 months from the point of the claim earning additional interest.

[dusk rapids]

guys how do i withdraw my XYZ?

[ashen burrow]

ahh okay so claim as soon as gas fees make sense so i can keep earning fees on my rewards. gotcha thanks

lowest gas i have seen is 30$ so far, anyone see less?

[next ruin]

That's pretty good these days

[ashen burrow]

sold. ima do it rn haha

[elder dawn]

Just make sure the interest you earn is worth the gas.

[ashen burrow]

i have .85 ILV, yall think its worth?

[ashen burrow]

how much is the additional interest actually

[elder dawn]

Not financial advice, but I dont claim less than about 10. As of today, you earn about 0.00188 ILV per day per ILV, and it generally decreases daily. Up to you what you think that will be worth over time

[ashen burrow]

ahh good call. thanks, yeah the 30$ fee is too crazy

yall staking ILV/ETH sushi pool? considering it, but im always scared of arbitrage losses between the coins

[elder dawn]

Yes, I'm in the SLP. Rewards make it worth it to me for now, though IL got a lot worse tonight with ILV and ETH moving in opposite directions

[dusk minnow]

Thanks for your calculators and posts, super helpful. Have you thought about adding another tab about token unlocks and being able to configuring how much we think will be sold in open market as an additional way to estimate token price?

[ancient wraith]

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

[ashen burrow]

the rewards are paid in ILV on the website AND sushi trading fee pool gains? kinda confused on that part

[dusk minnow]

I believe the trading fee pool gains just goes back into the SLP price

[ashen burrow]

ah to keep it stable?

[elder dawn]

Thanks, I do have another sheet shared where I'm tracking token unlock and claiming. Not sure how to relate that to price, as tonight shows, fundamentals dont really drive price yet

[ashen burrow]

i wish i bought earlier today haha, didnt realize binance was gonna list D;

[limber otter]

No one knows except insider info lmao

[elder dawn]

If you already have staked tokens and are staking more, the first transaction you get will claim your current rewards.

[ashen burrow]

shoulda went with my gut instinct haha

[limber otter]

Hopefully listing goes smooth tho
Market is bleeding harddd

[ashen burrow]

was watching that 410$ price and considered it 😭

[dusk minnow]

This is news probably a net negative for existing stakers IMO since rewards will probably go down due to pool growth. Would be interested in seeing how the pool volumes change the next few days

[ashen burrow]

wait you can stake and claim rewards on the same transaction? 😮

[ancient wraith]

Gotcha.

[next ruin]

Currently, any interactions with the staking contract will force you to claim pending rewards first. You will pay gas for each tho.

[ancient wraith]

Kind of sucks. But cool. Thanks

[ashen burrow]

gotcha tanks

[hollow kelp]

WTF HAPPENED TO ILV PRICE? EDIT: Oh binance

[granite halo]

This price flip should have in theory made APY go up quite a bit. What is SLP at?

[elder dawn]

Back over 600% last I checked. All because of ILV price, not rewards increase

[granite halo]

Holy shit, so it's true. It was barely above 500% before.

[hazy token]

nice to wake up to 😄

[granite halo]

I am 100% staking this weekend.

[elder dawn]

APY in the SLP is directly related to price. The reward ILV is decreasing, they are just worth more now. Presuming more people react the seeing higher APY, It will actually be getting worse to stake in terms of daily reward ILV.

[hollow kelp]

The ILV reward isnt decreasing since its pegged to the SLP price. Since ETH is downing but ILV is going up, the relative SLP price also goes up but not as much (hence the big APY)

[elder dawn]

You're correct. However, the more people that enter the SLP, the fewer rewards each receive. This is why APY trends down when prices are flat. If staking spikes, rewards drop

[hollow kelp]

Yes. The recent increase in APY is due to the ILV price increasing faster than the SLP price but the total staked remaining fairly constant.

[elder dawn]

See the daily rewards graph here. This tracks actual reward ilv ignoring apy. https://docs.google.com/spreadsheets/d/1Pm6b54YRTjdv6cDmWwudyejk2aA8XSEB5CgzKWe1N20/edit?usp=drivesdk

[gloomy gazelle]

SLP value staked did not pump as fast as the value of the ILV rewards did.

[gloomy gazelle]

Yeah I saved that for later.

[gloomy gazelle]

https://tenor.com/view/snow-day-no-school-funny-animals-pin-down-gif-13632436

[elder dawn]

I live to be the cat taking down toddlers. That is my spirit animal.

[hollow kelp]

Nice tool, will be referring back to it later too. One comment though; the graphs would have some viewer bias when comparing pool rewards that way given the ratio differences in axes. Minor comment though xD

[elder dawn]

Yeah, I hear you. Just trying to keep them both on the same chart for general trend. Shows how ILV pool is more impacted by claimed ILV. SLP was calm for a week or so (until now). Order of magnitude difference in rewards between the pools

[hollow kelp]

Binance listing is good but sad. No liquid capital rn and was planning on staking more but think im gonna hold off for now haha

[ashen burrow]

is there any good reason to be claiming in sILV rn? i thought not since the game isnt out yet

[elder dawn]

Same. Was planning a buy/stake next week. Now I need to be more strategic. Volatility incoming.

[hollow kelp]

incoming land sales. Avoids 12 month vest

[ashen burrow]

oooooo big. thanks

[fringe marlin]

will we buy land with ilv?

[hollow kelp]

yea 100%. Gonna be a shakey few weeks i think. Stock up on capital and, if worse comes to worse and we see sub 400, gonna go crazy

[elder dawn]

Some folks are claiming sILV to swap to get liquidity now (mostly whales). There are unofficial pools out there, with sILV trading at a significant discount to face value

[ashen burrow]

oh you can trade sILV rn 😮

[hollow kelp]

You can use sILV/eth as far as im aware.

[elder dawn]

Main currency is ETH. sILV is a substitute for ETH. ILV cannot be used to buy land

[hollow kelp]

https://nomics.com/exchanges/uniswapv2-uniswap-v2/markets/0x13cf86f52d4a3000ca7349ce5cf107c248dfea81 check uniswap

[ashen burrow]

oh damn yeah it is at a major discount tho haha
will not be doing that

[fringe marlin]

should I stake my ILV now or wait?

[ashen burrow]

why not stake now? xD better than sitting in your wallet

[hollow kelp]

Its worth it if you want to buy lands for cheaper. But cant stake. sILV is used for land sale and since sILV:ILV is 1:1, you basically get 1 ILV for 300 USD.

[ashen burrow]

not sure what you mean by that

[fringe marlin]

cheaper?

[fringe marlin]

idk if better pools will come and 12 month lock is a long time

[ashen burrow]

id think that people would claim sILV to buy land only if they dont have extra ETH laying around to purchase

[hollow kelp]

Like sinister said, youre losing nothing from staking (besides locking your ilv for 1 wk+)

[ashen burrow]

i got that 1 year lock on haha

[fringe marlin]

you mean 1 year

[ashen burrow]

you can do flex stake for less gains

[hollow kelp]

No. you can choose to stake 1 wk - 1yr. 1 week unlocks your investment faster but lower weighting (aka APY)

[ashen burrow]

i dont think there will be another ILV stake, unless you are talking about going on other websites

[hollow kelp]

Another ILV stake?

[ashen burrow]

responding to his "better pools" comment

[fringe marlin]

like binance might provide a better staking pool?

[ashen burrow]

ahhh you rite, maybeee huh

i cant use binance so i dont really track that haha

[hollow kelp]

very highly doubt that since the ILV site staking pool is coming from their treasury. Would be surprised if they supplied more tokens to binance for users to go away from ILV's site

[gloomy gazelle]

No way will there be better pools.

[hollow kelp]

heavy arbitrage happening rn on binance hahaa lets see where the price settles

[ashen burrow]

whats that mean? im novice xD

[gloomy gazelle]

Buy low sell high. From exchange to exchange.

[hollow kelp]

low binance volume since new listing; high volatility on price trying to figure out what is fair and using the premium prices on other exchanges to profit

[ashen burrow]

ah so price is volitile rn cause whales

it wont be too crazy right? since its been trading on sushi and 1inch for so long already?

[junior shuttle]

Never know. Only 634k circulating, and most of that is locked up.

[dusk minnow]

Is it selling at a discount or premium at binance?

[pure shadow]

already listed?

[hollow kelp]

14 mins at that is the volume compared to other exchanges with alot more time

[pure shadow]

binance is a big market

[clear cape]

premimum but they more or less are aligned now

[pure shadow]

let's the market design the price 👀

[ashen burrow]

by "premium" yall are comparing to Sushi and 1inch?

[pure shadow]

more ways to buy ilv now

[gilded wigeon]

i thought 24hrs? its already trading in binance now

[pure shadow]

you can trade but can't withdraw?

[ashen burrow]

i think trading started 20 mins ago

[pure shadow]

as i understand from the announcement you can withdraw from binance tomorrow

[ashen burrow]

yeah in 24 hours from now then

[steady trellis]

no they started on time

[dense sable]

Hi. is there anyone competent who can help me with my staking? please PM me

[hollow kelp]

Just ask here xD

[cyan rampart]

Careful asking for DMs if there's sensitive info - there's 130k people in this discord.

General staking questions can be asked here, there's some smart people who can help 😛

[gloomy gazelle]

Yeah public help is safest. Or dm someone trusted

[dense sable]

i made 3 transactions which i paid but everytime it failed. error message on etherscan is (Warning! Error encountered during contract execution [Out of gas]) . But i set gas limit 55K, priority 2 and 74 GWEI. my balance was ok for that...

[pulsar mason]

Hi

[cyan rampart]

I wouldn't adjust gas limit from the default at all. Out of gas means your gas limit was too low, so the transaction didn't get to finish before you ran out of gas.

[dense sable]

but it cost me money 3 times. is it ok? 😦

[cyan rampart]

If your transactions on the ETH network fail because they run out of gas, you unfortunately lose that ETH.

It's not good to change your gas limit to too low!

[stable linden]

hold up, the staking apy can go back up?

[dense sable]

ok...but now i left about 15$ at ETH is it possible to make transaction or i have to add some

[serene sand]

Hi there, am trying to claim my ILV rewards in the rewards tab from staking the SUSHI ILV/ETH LP, it keeps showing up as a transaction error on my metamask though. Am I doing anything wrong? No ETH was deducted from the wallet for the transaction. Just seems odd it keeps showing up as an error, same thing happens regardless if I try to claim rewards in the rewards tab or click on withdraw LP in the vesting tab

[tulip plank]

Amazing ILV seems not to be bothered by the down trend in the market 🙂

[serene sand]

Ok all good, have figured it out! Thanks

[gloomy gazelle]

Well it did get listed on binance an hour ago

[hollow kelp]

Gonna need to add some more for the gas

[obsidian nebula]

i've watched so many videos and i cannot find an answer. i have ilv and i have eth. how do i stake them in the liquidity pool? i go into that pool on the staking site and it says i have. abalance of 0 but i have over 5 ilv and 1.2 eth in my wallet ready to go

[cyan rampart]

Trade your ILV and ETH for Liquidity Tokens on Sushiswap, then take those SLP to the staking website.

[tulip plank]

REALLY? I did not even know 🙂 Thanks for the update

[chilly lodge]

Hey guys does the ilv in binance mean we send from binance directly to metamask then direct to the site and we dont need to go through sushi unless we need to stake liquidated version

[gloomy gazelle]

Yup

[tulip plank]

same situation here 🙂

[obsidian nebula]

ok i think i got it lol. thanks for being there for me as i kinda freaked out...

[dense sable]

what is avarage fee ($)for staking?

[hollow kelp]

Depends on what pool you want to stake in and gas prices at that time.

[dense sable]

dunno. for example ILV core pool with gwei 40-60?

[hollow kelp]

ILV core you just need to pay for:

• Eth transfer to metamask
• Sushi swap ILV
• Place into pool

So probs 100-150

[pulsar thicket]

Hi, last time I claimed my rewards from LP it was just one transaction on metamask. Now it it's two transactions. Has anything changed?

[cunning perch]

Probably you didn't have ILV rewards in ILV pool then. Now you had rewards in both pools so you claimed both with 2 TXs

[echo ember]

same problem here - from website (extension)

[cunning perch]

The MM extension should work fine. I'm using it everyday. It connects to MM without any issues afaik

[cobalt roost]

Hi guys, can somebody help a staking noob out with some staking ILV questions?

[ember ginkgo]

What seems to be the officer, problem?

[cobalt roost]

hahaha thanks Fraggy

[pulsar thicket]

yeah that figures, thanks!

[cobalt roost]

So I staked my ILV in the ILV pool and sushi pool

Now I want to stake more ILV into my sushi pool, but it tells me to get my rewards out. How does it work?

[sweet island]

Hello, im looking to stake on sushi LP but im completely new to the cryptoworld and im wondering how do i calculate how much ETH do i need to have in orden to stake like .15 ETH and .85ILV

[cobalt roost]

It will calculate it for you on the sushi page

[south fable]

where can i find information about staking v2 of ilv?

The upcoming changes to staking that the DAO plans to implement

[molten thistle]

Do we get revdis from the ILV in the SLP pool as well as the straight ILV pool?

[echo ember]

Hi Arash, apologies I probably didn't explain it clearly. MM extension is working fine. The issue seems to be on the Illuvium staking website. When I try to connect a wallet I can see the overlay with the 8 wallet options available. They all work fine except for MM and Trust: their logo is not loaded and it keeps spinning. If I click on one of those two buttons nothing happens. All other wallets look fine.

[cunning perch]

Hm. So on the extension, MM button doesn't work in Staking website? I'll try it in 10 minutes and let you know.

[echo ember]

thanks

[cold delta]

hi!! sorry noob question here - am i able to stake my ilv on binance?

[cunning perch]

Just checked Chrome-MM extension, It works just fine

[slate scroll]

I bought yesterday 1800$ of ilv during the bloodbath and 2000$ of eth today morning I rushed until gas is still cheap to stake and I saw how I need to buy more eth :) finally binance

[cunning perch]

I don't think so and it won't make sense if you could. If you stake in ILV website you get a lot more rewards and also Revenue once it starts flowing in.

[slate scroll]

If you are staking more than 2k$ don't do that you will earn way less at least if you plan to stake long term

Ilv/eth pool is 50% per month right now if you lock for a year that's insane

I'm in both pools probably 40% in ilv single and rest in ilv/eth so I don't really care if ilv moon from here and eth stay the same

[cold delta]

got this! thanks guys

is transferring ILV from binance to metamask any different from transferring ETH? new to all this, sorry haha

[tawny hare]

I put 4k into the SLP staking pool yesterday and woke up to ILV listed on binance, ggs 😄

[cunning perch]

Nah you just send it to the right address and you can start staking. Watch out for the gas

[cold delta]

thanks guys!

[slate scroll]

Welcome to our family!

[glass urchin]

Claim

Error: [object Object]

anyone else geting this error when trying to claim

[cunning perch]

Are you using updated Ledger or have you updated your browser or phone app? Also have you checked the gas?

[gleaming brook]

If you are using Ledger, check that you allow Contract Data in ledger setting

[glass urchin]

yeah checked that its wierd just started happening

[cunning perch]

If you've done all the things above (gas, raised limit, Contract Data on Ledger, updates) it should work

[glass urchin]

yeah very strange happening in brave and chrome with metamask and ledger

will ilv have ledger direct connection

[cunning perch]

Nothing has been confirmed with Ledger. Apparently ILV needs more volume for Ledger to list it. But, everything should work if everything is updated and you use the extension

[glass urchin]

hmmm never mind its not just ilv and other dapps to

[cunning perch]

If you still had problems maybe @hexed bough can help you.

[glass urchin]

just via metamask

[gleaming brook]

If you stake under V1, but claim rewards under the coming V2, will this be locked for 12 or 24 months? Thank you

[glass urchin]

okay thanks guys , i sorted it out. Ledger live wasn't showing there was an update for my ledger, had to reinstall ledger live to get it show the firmware update, werid

[echo ember]

Interesting. I was using Brave and it didn't work. I switched to Chrome and the problem doesn't appear. the issue seems to be on Brave only...

[silent arrow]

works on brave here

[sonic lotus]

Hey guys, just wanted to ask. I've currently got all my ILV staked in the ILV pool as I'm not too sure i understand how the Sushi LP pool works. I was curious if anyone has suffered from impermanent loss? and if I'm just too worried about something that isn't really a big deal.

I want to get involved in the LP but am cautious because I don't really understand fully as of yet.

[wind walrus]

I'm sure over the next year or so anyone in LP will have IL. We expect the ILV token to outpace ETH. I have all my funds in SLP and believe the IL will be minuscule compared to the rewards earned.

[crisp spire]

Guys. I am too idiot to understand staking. I bought ILV on Binance. Am I already staking or should I send it somewhere else?

[normal blaze]

I’ve already earned back what I’ve staked in slp lol

[wind walrus]

No you need to move it to the ETH chain in a Metamask wallet. Then stake on the illuvium website

[wind walrus]

I'm a little over halfway there in only 33 days

[crisp spire]

I have a metamask wallet on my phone. So basically I withdraw it from binance to my wallet and then upload to the illuvium website, right?

[normal blaze]

Nice! Wish I put it all in slp but owell, did 1/3 in slp , 2/3 in ilv

[crisp spire]

And which website is this?

[normal blaze]

And connect ur wallet to illuvium website 🙂

[wind walrus]

Staking.illuvium.io

[crisp spire]

Thank you all. I see if I can do that without screw up.

There is no option for metamask wallet on illuvium staking site. Only 7 wallets there.

[cunning perch]

Glad it is fixed. Chrome has always been ok.

[cunning perch]

if using Mobile, you have to choose Wallet Connect. If using Chrome Extension, It should be a separate option

[hollow field]

Any plans to make binance an option to connect your wallet?

[hardy thunder]

by this do you mean like the Binance chain wallet?

[hollow field]

Erm - I may be asking an idiot question I suppose, out of ignorance, but what Im asking is will I in the near future be able to connect to the ilv website from binance in order to stake, or must I use one of the wallets currently listed on the staking site?

[cunning perch]

Well if Binance wallet is compatible with ERC-20 transactions and can be used like CB wallet, Then it might be a probability. Other than that, as Binance is CEX and MM is a DeFi wallet, many would rather use MM

[hardy thunder]

yea i would say for sure use MM right now and if you are going to stake and locked staking maybe you should get into it now before Staking V2 comes but that just my opinion

[hollow field]

👌 Thanks

[hardy thunder]

all good friend if you have anything else you want to ask or any other question dont be afraid to ask I or others will always be wiling to help

[wheat grotto]

Do you still get revdis staking SLP?

If I don’t get the land I want of IZ I plan on staking a good majority of what I have in SLP and using the rest for overworld purchases

[gloomy gazelle]

You do get revdis for staked SLP. But only the ilv value

[sinful pond]

@elder dawn This is excellent content as usual! @steady trellis too--this calculator is amazing. Thanks very much!!

[steady trellis]

👍🏻

Btw stop piling up silv, I can’t catchup on you anymore ! @sinful pond

[sinful pond]

Haha--I actually haven't added any more sILV since I acquired a bunch on the secondary market earlier on. I'm sure I have more than I need to play the land game but oh well! I was in the top 10 holders for a while but I've dropped to 18th now---people are claiming quite a lot of sILV these days...

[steady trellis]

4000 claimed in the last 8/9h 😉

[cunning perch]

Don't encourage them. We need some too 😄

[cunning perch]

Which means 4000 sILV or 4000 ppl? 😄

[steady trellis]

Silv

[cunning perch]

yeah. 4000 less ILV in the market. everyday four digits gets closer and closer

[steady trellis]

Someone claimed more than 2000 silv in 1 trx

[cunning perch]

true, even before the pool I knew many who were waiting to claim thousands of sILV. So, It would be interesting to see if we end up with 7m tokens after all

[silver nebula]

How do you track sILV top holders?

[sinful pond]

https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2#balances

[rain dirge]

Hi, what is the minimum amount for staking?

[next ruin]

No minimum, just make sure the amount your staking justifies the gas fees

[cunning perch]

There is no minimum as long as it justifies paying gas for. What he said 👆

[rain dirge]

about the gas fees, if I'm not in a rush, can I always choose the slowest option?

[cunning perch]

SLow Gas might take days to go through and if gas drops again or goes up it might not go through at all. Paying a few more bucks is always worth it. (from personal exp)

[rain dirge]

I see. If it doesn't go through, is it lost?

[cunning perch]

Not clear, but be prepared for the worst if it does.

[rain dirge]

got it

thank you

is there a calculator where I can check the amount I can stake to be profitable taking into account the gas fees?

[cunning perch]

You can check the pinned messages.

[ruby lily]

Where is sILV traded?

[cunning perch]

It is unofficial and created by a random person (so watch out), but you can find it in Uniswap or sushi. Sushi is out of liquidity afaik.

[sinful pond]

There's an ETH-sILV swap on Uniswap. Not very much liquidity so if you trade there you will affect the sILV price a decent bit--but it currently trades at a hefty discount to ILV

[shrewd river]

Hard to know how much anyone has in the staking contract though. Etherscan holders only shows what’s actually in people’s wallets.

[sinful pond]

This is for sILV---it can only sit in wallets 🙂 You can't stake sILV. There is a bunch in the Uniswap contract (2nd on the holders list) so that isn't as traceable to a single wallet owner, but the rest really does represent what folks are holding in sILV. What is not shown though is how much unclaimed ILV is out there that folks plan on claiming as sILV

[steady trellis]

In rewards ready to be claimed though we don’t know what can it be

[surreal vortex]

I think we all are excited about the ILV price but should we be concerned about impermanent loss if we have staked in the SLP pool?

[next ruin]

The APY I've gotten staking SLP over the past month means my initial investment could be lost forever and I'm still way ahead.

[fierce plinth]

If I leave rewards that have finished their vesting period alone, will they automatically stay staked or must I take any action when that time comes?

[next ruin]

Any stakes/vesting rewards will keep earning at their given token weight until you pull them out.

[fierce plinth]

Wonderful, appreciate it. I'm not touching a darn thing then haha.

[next ruin]

https://tenor.com/view/mando-way-this-is-the-way-mandalorian-star-wars-gif-18467370

[gloomy gazelle]

This thing is interesting… https://dune.xyz/queries/109153/221218

Currently Just under 6000 ilv distributed per day, It looks like. I mean we could count up the ilv (not in the treasury) and count up the sILV and get a pretty decent account of how many pending rewards there are.

[elder dawn]

Or just ask the resident nerd. I added it to my sheet that you pinned. Its 106k

[upper tree]

Is 0.2 ILVs small? I only have that one staked for like 200 days lol

[gloomy gazelle]

https://tenor.com/view/big-brain-pulp-fiction-samuel-l-jackson-check-it-out-gif-16516913

[elder dawn]

I'm angling hard to be the Illuvium "red shirt guy" before launch. 🙂

[gloomy gazelle]

Lol I see you @swift spindle

[swift spindle]

rip 😄

[gloomy gazelle]

Ok yeah that’s a lot it sILV. And it will add up more the closer we get to the land sale.

[elder dawn]

another huge bump today - 4k claimed today, not counted on my sheet yet since I lag a day. almost 20% of all claimed sILV happened in the last couple hours

[gloomy gazelle]

Yeah I saw that on xastor’s dune app.

Well not really huh.

That was updated 5 hours ago I think.

[elder dawn]

volume on everything ramped up since the Binance announcement

[gloomy gazelle]

https://tenor.com/view/the-simpsons-mr-burns-evil-laugh-evil-laugh-gif-4076853

[coral jackal]

I assume that my LP position is secretly accumulating SLP behind the scenes if though it’s staked for a year. Is that true and is there any way to see how much SLP is there now?

[next ruin]

Your SLP token count will stay the same, but the price of the token will increase to account for the fees accrued.

[coral jackal]

Ah. Right. I was confusing myself with something else. But that cleared it up. Thanks.

[signal glen]

why does it say on the staking, please enter an amount and the max button doesn't work when trying to do so?

[mint cave]

you most likely need to delete a few trailing decimals

[honest parrot]

For the sushi liquidity pool stakers is addition of another CEX a negative event?

[zenith whale]

so i have ILV in my metamask

but it wont let me stake in the Sushi LP

i enter the amount i want to put in and it glitches and says "please enter an amount" which i did..

[mint cave]

because you need the SLP tokens for the sushi LP pool which are acquired by providing ILV/ETH liquidity on sushiswap

!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

[mint cave]

also watch this video:

https://youtu.be/C6YugU4zZr4

[zenith whale]

wow.. what a waste of fee;s i just did then

what if i wanna stake on just the regular 68% one, do i need both eth and SLV?

[mint cave]

the ILV pool is staking just ILV

[brisk surge]

Potentially, having a USD/ILV pair will probably make impermenant loss worse.

[tropic birch]

Do you have a plan to use arbitrum?

[autumn cloak]

Why did the APY for the SLP pool jump back up to 600%? Don’t get me wrong, I’m not complaining, I just didn’t think it was going to go back up

[vivid timber]

If I provide liquidity in the Sushi LP, and the price of eth increases relative to the price of eth,xand then I withraw my liquidity, will I get more ilv back then I provided?

[drifting elbow]

Maybe some people left it

[brisk surge]

because the token price went up relative to ETH. So because ILV is worth more, your rewards are worth more.

[autumn cloak]

Got it thanks

[brisk surge]

the amount of ILV you receive is still decreasing every 2 weeks and based on how many people are in the pool.

what happens if eth goes way back up how does that affect the return of SLP?

[brisk surge]

The return in ILV is unaffected. The APY would go down because of how it is calculated.

[brisk surge]

how is it calculated

[elder dawn]

APY is incredibly deceptive for the SLP. What actually matters is "how many ILV rewards do I get per day?" APY is a way of measuring that, but it doesn't really show what's happening. The top pinned tab is my sheet that tracks real rewards, ignoring prices. My article here discusses how the calculations work. https://www.publish0x.com/ilvfi/apy-is-dumb-what-really-matters-in-staking-with-illuvium-xrnxpmz

[brisk surge]

Deraji's article above has all you need to know and more.

okay sweet thanks

[zenith whale]

are we "guaranteed" the APY that we lock in for 1 year tho? aslong as things run smoothly for that year +?

[next ruin]

No, rewards drop over time and as more people join the pool. Locking only guarantees token weight.

[elder dawn]

no, that's why APY is a poor term for the return. it adjusts constantly, and is based on number of people in the pool, the decreasing rewards every 2 weeks, and for the SLP, the prices of ETH and ILV.

[zenith whale]

@next ruin@elder dawn oh.. was under the impression that when they say " locked" in for a year, means that your locked in for that % at that time...

[elder dawn]

nope - locked just means you can't withdraw your principal, and in return, they are offering the ability to earn rewards at a higher (but still variable) rate.

[ripe steppe]

Which is still awesome, just not totally INSANE lol @zenith whale

[elder dawn]

agreed - I love that I'll be saying "darn, after three months, I'm ONLY making 250% on my investment" (total random number - i didn't look up my projection)

[mossy pagoda]

Binance holders are already in 4th position😳 17,000+ Ilv held already, damn that was quick https://etherscan.io/token/0x767fe9edc9e0df98e07454847909b5e959d7ca0e#balances

[ripe steppe]

#💰〕token not #🥩〕staking but very cool

[mossy pagoda]

Oooh sorry my bad wrong place then haha😅

[zenith whale]

soo i added liq to sushi. but my metamask isnt showing the SLP... but im the status on etherscan says Success

[final steppe]

Hey Nike-- make sure you have added the SLP contract address to your MetaMask as well
The SLP token address will be the 2nd one below 🙂

!contract

[woven ibex]

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

[zenith whale]

ok thanks i got it

what is .6 SLP worth rn?

[final steppe]

The ETH/ILV SLP Token info can be found here: https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda
So around $1600 for 0.6 right now?

[zenith whale]

damn... so im about to go stake on illiuvium website with the slp now they asking for more FEE'S

[next ruin]

Yep, might want to wait for gas to calm down a bit.

[zenith whale]

134$ just to stake.. now since i max the contribution i need to send MORE eth with more fees just to paay more fee's

[final steppe]

Ah, yeah-- On the Ethereum network, any contract interaction such as staking, claiming, buying, etc will have a gas fee associated with it.

[final steppe]

Yeah like Saber was saying, you can wait for gas fees to come down a bit. They are a little high at the moment

[zenith whale]

coin cap showing 136 gwei...

[next ruin]

Yeah, I personally try not to do anything on the network over like 50-ish if I don't absolutely need to.

[primal gale]

wait till tonight

[quick depot]

How much ILV i need to stake?

[zenith whale]

so annoyed about the price of ilv going up that to the 500s cuz yest i was gonnna buy on the dip at 420's but i couldnt get my eth out my dex cuz i changed the my password . and needs 24 hours to be able to withdraw anything

all these dam fee's would have been "covereved" if i bought yest as planned -.-"

[mint cave]

you can stake any amount - the transaction fees will act as a floor of sorts, however

[quick depot]

Ohh, i see. How much would be worth it? at least 0.6?

[mint cave]

depends on your timeframe and what you believe the future value of ILV will be

if you're going to forever stake 0.6 ILV? maybe it's worth it to you to stake now even at high gas

personally i would wait until much lower gas to stake 0.6 ILV, 30s for sure.

[gloomy gazelle]

!gas

[woven ibex]

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

[mint cave]

that's the good and bad thing about yield farming and staking length, it's really all up to your personal risk tolerance

no easy answer 😦

[mellow hull]

Sorry if this has been answered recently: can we claim stake rewards on MetaMask mobile? I know people were having trouble with it.

[gloomy gazelle]

I’ve done it before. But not for awhile. If you are claiming from the ILV only pool it would have the best chance of being fine. SLP pool claims not as much.

[mellow hull]

Thanks for that. Yeah I was looking for SLP claims on mobile 😅

[gloomy gazelle]

With gas this high I’d wait till the weekend anyways.

[gloomy gazelle]

Yeah that’s probably gonna throw the mobile app off. Too many transactions in a row.

You can use the same wallet in a browser extension. Just gotta “recover” it.

[quick depot]

I see. i only play cryptogames on bnb chain, so gas fee is pretty cheap on bnb. Thanks!

[woven ibex]

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

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

[mellow hull]

No problem doing it on the browser, I just wanted a quicker trigger pull if I saw cheap gas lol

[rapid ledge]

Did I read some where you don't get your $ILV rewards for 1 year from the time you hit the claim button (vesting period). From SLP Pool

And after that year they getting dripped out to you?

Thanks.

[cunning perch]

When you claim, It'll be locked for a year. Then if you want, you can withdraw it (pay gas) to receive it in your wallet after unlocking.

[rapid ledge]

I think you will miss out on the compounding effect then correct?

[gleaming karma]

I have a question...if i lock my ilv for 12 month's...then..when i claim i have to wait another 12 month's?

[final steppe]

No, actually! So when you finish the claim transaction, the ILV rewards that are locked for 12 months are automatically vested in the ILV Core pool, so you they will be earning the APY of that pool for the 12 months (and beyond, if you choose to leave them there after they unlock)

[final steppe]

The ILV that you stake at the start and lock for 12 months can then be withdrawn after the 12 months is up.
All along the way, any time you claim ILV rewards, those rewards are all vested and locked for 12 months starting on the day you claim them.

[gleaming karma]

ohhh nice i understand now...but u can claim your rewards anytime?

[final steppe]

Correct!
Just be sure to claim when it makes sense to you, considering the gas fees you have to pay for each claim

[next ruin]

Yep, you can claim pending rewards anytime. Just make sure it makes sense to pay the gas on it.

[gleaming karma]

ok i only staked 1 ilv so probably im going to leave it at least 6 month's.

there is some place where we can buy silv? i cant find even the price...

[cunning perch]

U can try Uniswap. you have add the token address manually

[mighty bolt]

I have another place but it is saved on my computer. I can get it to you in about 6.5 hours lol

[next ruin]

Looks like most trades are on Uni -most recent price is $233 https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2#tokenTrade

[runic eagle]

can i just withdraw a portion of my deposit or do i need to withdraw the whole thing?

[cunning perch]

If V2 adds all together, for now the idea is unstaking all at the same time.

[runic eagle]

ic ic..ty..guess i'll just buy more to do the lp staking instead of unstaking and restaking..haha

[cunning perch]

If RevDis is good, you won't even have to unstake. Who knows. Gotta wait and see

[runic eagle]

haha..yea

i just wanted to unstake a portion to add to the sushi lp...but since i can't unstake a portion, i'll just buy the ilv needed for the sushi lp 😅

[brisk surge]

Thats the spirit! Never unstake, always stake more.

[cunning perch]

You'll probably get enough RevDis to even forget your have staked ILV. 😄

[runic eagle]

Haha.

Funny thing is I was trying to buy more yesterday to do the lp... Then the binance announcement came and made my TX failed because it went over my limit 🤣

[hardy thunder]

hahaha atleast you tried

[cold delta]

is it possible to stake directly from the bsc network on mm? or do i have to bring it to mainnet

[next ruin]

Have to be on Eth mainnet

[keen atlas]

Do you know where you can buy ILV on BSC ?

[runic eagle]

you cant..its only on eth

[keen atlas]

thanks

[runic eagle]

👍

[brisk surge]

Hey guys. How often have you been re staking your ilv?!

[crisp spire]

Guys, I have ILV on Binance and I want to transfer to metamask. Do I need to configure something before on metamask? I saw some videos of people adding the ILV token manually on metamask.

[hardy thunder]

when you add the ILV to the MM i think from BSC wallet you will need to just find the token in MM and then it will show you for you

[crisp spire]

First time I am dealing with crypto. Kinda lost.😩

[hardy thunder]

this depends on if your locked staking or flexible staking but otherwise if you locked staking your ILV go right away into staking again but only the ILV once not the pair

[hardy thunder]

im more than willing to help you through this are you trying to stake?

[crisp spire]

yes. I just withdraw the ILV. Lets see if I can find it on MM.

[hardy thunder]

ok cool what type of staking are you trying to go for

[crisp spire]

ILV as long as available.

[hardy thunder]

no i understand that haha i mean are you just wanting to stake ILV or do pair LP staking. Also it might be better if you want we can chat in one of the voice calls and i can explain more to you how to stake

[brisk surge]

My ILV and SLP are locked 52 week staking. I’m over 1 ILV rewards and was wondering if it’s best to eventually restake that or just let it sit there.

[cunning perch]

Letting it sit there will not help or compound. You need to claim your rewards if you wish to withdraw them later (one year later) or benefit from compounding effect and later RevDis. Just take gas into account

[brisk surge]

That’s what I thought. I just wasn’t sure when was the best time to do it with gas and fees etc

Like monthly or bi weekly. That kinda thought process

[cunning perch]

There are calculators in pinned messages here in the channel that can help you, although you can always claim when you have enough rewards that justify paying gas for. Usually ppl claim when gas is 1% of their unclaimed rewards in $

[brisk surge]

Thanks a ton! That’s actually a nice rule of thumb to think about. I’ll also go through the pinned messages

[cunning perch]

No worries. Happy to help 🙂

[limpid forum]

Is everything on the staking dashboard denominated in USD?

[cunning perch]

You mean the monetary values? Yeah it's USD

[limpid forum]

Yep, thank you mate

[forest zodiac]

how do you think the withdraw unlock on the 23rd is going to effect ILV? Better to wait yeah?

[novel bolt]

So it seems that impermanent loss is a larger factor if either ETH/ILV remain constant and the other changes in value. I'm wondering how much it matters when ETH and ILV grow together?

Expecting both to happen with ETH moving to ETH2.0 and obviously this game being dope as fuc

[forest zodiac]

if it's together then you get the benefit of both

eth2 will see a small drop in price initially because more stakes will be unlocked which will probably be a large profit take for stakers, then it should rebound over time, but that is not financial advise, just my hypothesis

[novel bolt]

Makes sense. Thanks a bunch 🙂 still trying to learn

[wintry totem]

Yeah I was thinking the same! Both projects on a steady growth path!

[white mirage]

How long y'all locked up for?

[wintry totem]

I did the 1 year lock for the 2X

[white mirage]

Just check on a calculator. I was scared of IL so I did single sided staking with 20 ILV. Regret it now. IL really isn't that bad with such high APY

[wintry totem]

I did a mix of the 2 core pools. But not going to lie, that return on the SL pool is 👑 !!

I have not been claiming sILV, only ILV. Maybe closer to land sales I will get that sILV, but for now just trying to grow the number of ILV I have

[novel bolt]

Can't you just swap between them?

sorry if noob question

[zenith whale]

@wide eagle

[white mirage]

No, you can't swap them. If locked you have to wait for them to unlock.

[novel bolt]

Oh right lol

[zenith whale]

@elder dawn what are the reward differences between the staking ILV and SLP? besides APY %

[novel bolt]

https://youtu.be/7T2WzeXWC4k

[elder dawn]

the other con of the slp is only half of your investment is revdis eligible once that becomes the dominant factor

[zenith whale]

ty

[white mirage]

Read your blog, thanks for all the great content. It seems by staking and locking up we're basically providing exit liquidity for early investors.

If we stake for different lock up periods, will we have separate gas fees with each reward claim? So one locked for 20 weeks and another for 52 weeks means I have to pay 2x fees every time I claim?

[elder dawn]

all claims are lumped together. If you're in the SLP, it is two transactions, one for the ILV pool, the other for the SLP, but all stakes in both pools are claimed at the same time. Hopefully Staking V2 brings this cost down further. I have multiple stakes started at different times, and it's all lumped together.

[elder dawn]

true, but we're also getting huge rewards for it. It is also incredibly freeing to be locked for a year, watch the craziness of the broader market or Illuvium last night with the Binance announcement, and not be able to do a darn thing about it. I'm confident i would have sold some or all at some point so far if I wasn't locked. It's forced HODLing, and it feels good 🙂

[white mirage]

Yeah, agree. I'm guessing your lockup ends earlier. Feels good when the price is up, but it will feel even more painful if bull market ends first half next year and then I have to watch my fortunes bleed while I can't do shit about it.

[white mirage]

So I wouldn't pay double gas fees if I locked for 2 different time periods? Thinking of locking until March and another 1 or 2 lockups til June or 12 months.

[zenith whale]

lol gwei is at 300+ right now

[white mirage]

damn, must be some big mint, was <50 minutes ago

[zenith whale]

it went to 500+ like couple mins ago , coming back to earth around 150s

[broken stump]

Is staking profitable when I'm being charged $60USD in gas? (1 ILV)

[brisk surge]

mm, probably but i would wait for lowest gas possible if you're only staking one ILV

[vestal skiff]

Got $48 gas fee earlier for claiming ilv rewards from sushi lp stake. Only 2 ilv but why not at that price. Usually $150-200 gas

[broken stump]

Are the rewards for staking in game rewards?

[humble heron]

This has probly been answered before but has anyone figured out ideal cadence to claim? I have my ILV locked for a year, trying to decide when to claim to take advantage of compounding but not lose $$$ to gas.

[eager bough]

You have the option to claim ILV (out of game, locks for another year and gains compounding rewards), or sILV (in game currency along with ETH, no locking)

[grand finch]

Need answers for these claiming questions.
I staked only on the SLP I'm waiting to next week for my first claim.
I understand that I'll pay gas fees for that claim and those rewards will auto stake on the ILv pool.

On my second claim I'll have rewards to claim in both pools one from my initial staking on the slp and the other for the rewards that I claim on the first time that will be in the ILv pool. When I claim these time ill do it on the slp and it will auto claim the ilv pool, from what I understand.

The question are.
1)all of these statements are correct?
2) I'll be paying gas for both claimings or just one time cause I'll do it on the Slp side?
3)If I stake in 3 different occasions on a same pool, when I claim rewards it will cost me gas x3 or just x1.

I kindly ask for answers from people with previous experience on these cases or an admin, pretty sure it's something a lot of people doesn't know. 👍 🙏

[brisk surge]

yes your statements are correct. you would pay gas for both. when claiming rewards you just claim the total accumulated rewards

[eager bough]

"Ideal" is different for everyone, but there are calculators in the pinned messages that help! I've seen people comfortable paying 10% gas fees, down to people who swear by only 1%.

[humble heron]

Solid ty

[grand finch]

Someone who have claimed these week with gas around 40 who much it costed on ILv and Slp pools?

[elder dawn]

vetemor has his transaction cost calculator pinned - check that out. I'd guess gas in the lower 40s would be in the $60-70 range for your SLP claim. Only ever claim from the SLP, as it will automatically claim the ILV at the same time, but it will be two transactions.

[grand finch]

Thanks I wanted a real data cause I used that calculator from moving my eth from binance all the way to staking slp and it cost me 80$ and the calculator give me 116$ for that

So almost 40 dollars difference

[hollow kelp]

gas is completely dynamic and accounts for Maximum cost

[elder dawn]

I haven't claimed since the weekend, and got low 30s gwei, so it was less than $60. Low 40's gwei i get around $65, and i've claimed up to mid 80's gwei and it cost $160. that's my range of experience claiming the SLP.

[grand finch]

You Mean slp+ilv?

[hardy thunder]

i think he means just SLP

[hollow kelp]

Cost to claim rewards from the SLP pool (dual transaction)

[hardy thunder]

yea its crazy

[elder dawn]

correct - total claim cost of the two transactions when claiming from the SLP.

[grand finch]

Thanks you all

[hardy thunder]

i dont think there is away to see that

you could fo the math yourself tho i think but that is gonna be a challenge

[agile fiber]

I'm trying to send ETH from my coinbase wallet to metamask. I went to settings in metamask and clicke on advanced gas controls; however, when I initiate the transfer to metamask, it pops up and does not show me the screen to be able to set your own GWEI...what am I doing wrong?

[modern trench]

maybe apy vision

just staked some SLP and I see some ILV rewards, do these get staked automatically or do we have to claim then stake?

[next ruin]

I think you need pro for that on vision

[soft cliff]

When I am providing liquidity for Illuvium and am earning the yield in ILV/sILV, am I also earning money for the fees for providing that liquidity on sushiswap?

[brisk surge]

they get staked automatically

[soft cliff]

Is there any calculator to get an estimate of how much I have earned so far?

[next ruin]

To be clear, the pending rewards do not earn interest. When you claim, they will automatically lock in the ILV-only pool for 12 months.

[modern trench]

thank u! gas fees are insane right now

[soft cliff]

lol didn't see that, I provided liquidity when ILV was around $100 so I am very curious how much in fees I have earned from all the volume since then

[modern trench]

ahh i see. need to find the optimal claiming & staking schedule

[soft cliff]

Agreed, there has to be some kind of calculator that can look at the volume traded in the pool since you joined to give an estimate of the fees you have earned

[crimson mango]

btw. if i Stake the ILV directly to the pool, how many times im expected to pay for Eth fees. just one to stake and one to claim?
also if i lock stake am i forced to claim after the unlock period to keep earning?

[brisk surge]

I'm assuming you mean staking on staking.illluvium.io you have will have one fees to approve the stake, and then to actually stake it, lets say you do the SLP then you would have the swap fees for getting the 50/50 ratio of ILV/ETH

[crimson mango]

what if i want to stake without SLP? how many times i have to pay fees?

[austere vault]

this is prob a stupid question due to the high apy, but is anyone worried about IL on the long term stake.

[brisk surge]

Then assuming you already have ILV just two fees

[brisk surge]

No sir since the rewards more than make up for the IL.

[austere vault]

lol thanks what im thinking

[gleaming karma]

if i want to stake on slp i have to have on my metamask 50/50 eth and ilv?

there were some mention about staking on binance?

[gloomy gazelle]

Not that I’ve heard of. It would not be as good as the official pools anyways even if there were something binance put together.

[gloomy gazelle]

!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

[gloomy gazelle]

!staking

[woven ibex]

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

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

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

[orchid thunder]

hi there, i bought more ILV during the dip, im planning to stake on the website, however can someone explain what SLP has to do with ILV? i got alot of SLP not too sure what to do

[elder dawn]

SLP here is the sushi liquidity pool, not smooth love potions. Guessing that may be your confusion

[gloomy gazelle]

https://tenor.com/view/this-up-gif-8606566

[gloomy gazelle]

Checkout what Mozart said about LP

[austere vault]

ayeeeeeee we at 620APY!!!

[sinful hatch]

What causes it to increase?

[brisk surge]

I read when you add liquity to your ETH/ILV pool it automatically vest your tokens you have earned thus far. Is this true?

[austere vault]

guessing price pump, makes some unstake and sell.

[austere vault]

rewards tokens vest after claimed and earn apy plus 2.0weight

[brisk surge]

I knew that. I will just have to try and see cause I wanna add more liquity

[austere vault]

thinking the same, not sure if holding any other crypto makes sense at this point with this apy

[clear cape]

https://www.publish0x.com/ilvfi/apy-is-dumb-what-really-matters-in-staking-with-illuvium-xrnxpmz

[orchid thunder]

ohh thanks for clarify, caz i saw AXS on Flash pool and thought SLP is in the picture too.

[timber briar]

Hello I accidentally locked my stake in for a week and i went to go unstake after much more than a week and i ended up getting charged alot of eth and cannot find my ilv….. who can help?

Please help

[tropic axle]

Well if you claimed it as ilv its going to be locked for another 12 months. Read before you invest.. xd

But you will continue to get rewards from it

[timber briar]

I have the ilv now but i was charged .37 eth says it was sent to a coinbase account

[elder dawn]

Is the ILV token contract in your wallet? Add the token contract to see if that enables it to show up. Or go back to stake and see if you have available ILV to stake there.

[dense wave]

Hello, I bought my ILV on Binance and want to transfer it into my metamask wallet to stake. is there a cheaper way to do this?

[signal sluice]

Hey everyone, I staked 7.5 SLP on Monday and already see 1.2 ILV in Rewards. Has anyone calculated if it makes sense to claim more frequently than once a week if gas is low?

[exotic vessel]

there's a calculator under the pinned messages

[final bobcat]

Are the rewards automatically compounded on the LP pool?

[brisk surge]

Once they are claimed then they receive the 2x weight in the ILV core pool

[final bobcat]

If it's just pending it's wasted yield?

[brisk surge]

Nothing's really "wasted" , once you feel you have enough rewards to justify the gas fee to claim they are then locked in the ILV core pool for 12 months with 2x weight

While they are pending they aren't in the ILV core pool

[final bobcat]

I mean, if you have 1000 ILV rewards unclaimed on the LP pool, does it affect the LP pool rewards in any way (the sushi one, not the LP) or it's wasted because those 1000 ILV could be earning yield on its own if claimed

[brisk surge]

I suppose if you were a whale and accumulated a massive amount and hadn't claimed in a long time then that would be some wasted yield

just find an equilibrium that works for you

[final bobcat]

(the sushi one, not the core)* is what I meant. But got it thanks, slow mode not letting me reply on time haha

[keen ridge]

do you get revdis on your unclaimed rewards? if so what weight

[gloomy gazelle]

Great question. I think the answer is no. I’ve always heard the ILV needs to be staked to get the rewards.

[cyan rampart]

You do not get revdis on unclaimed rewards. Technically speaking, claiming rewards mints those rewards, so unclaimed ILV don't really exist yet, nor are they staked.

[gloomy gazelle]

That’ll be a no for sure. If you could earn revdis on unclaimed rewards then you’d need to count those unclaimed rewards as earned income or whatever taxable asset class they’d fit in. But they aren’t even minted yet.

[keen ridge]

@gloomy gazelle @cyan rampart yeah cheers for clearing that up, does make sense. After V2 we wouldnt even be asking this question anyway ahah so doesnt really matter but handy to know for land sale

[gloomy gazelle]

Lol blickter and I are on similar schedules. But I think it’s morning for him and night for me.

[static hornet]

Hey erybody

If I am staking in the ILV pool, can I stake a second time in the same pool?

It says I need to take out my rewards to do so, does that mean that the rewards will pile up collectively after I start staking the other ILV?

[brisk surge]

When you go to stake for your 2nd time, you will be prompted to claim your pending ILV rewards. Then you'll do a 2nd tx to add your 2nd stake.

[static hornet]

Thankyou, I appreciate it

[gloomy gazelle]

Yeah staking questions and help can be found here usually.

[fossil field]

Im about to stake my ilv and damn gas fees are so high

[static hornet]

Lovely, I just did it. I assume that my rewards went into the amount that I was staking.

[static hornet]

That's ETH for you, at the moment anyway. It'll get better soon, we gotta suck it up for now.

[white mirage]

Do we know anything about staking v2?

[fossil field]

It’s just the gas fees are more than the amount im staking in Ilv

[white mirage]

Will v1 contracts automatically be moved to v2?

[static hornet]

That's tough man - Maybe wait to add more ILV when you can, so it's more worth it. ILV will be around for a LONG TIME. So you're all good

[brisk surge]

click on the vesting tab to see your different stake deposits/rewards. You can also go to: Staking > Core > Details to see your amount in each pool

[eager bough]

#887631374578757692

[gloomy gazelle]

No

Check the iip and the discussion above.

[static hornet]

Cheers!

[white mirage]

Thanks, checked that out, helpful

[gleaming brook]

Will the rewards claim under V1 staking be locked for 12 months or 24 months after V2 staking is implemented ?

[azure jewel]

What happens after your initial stake goes from locked to unlock? Will it still accumulate rewards or does it need to be restaked and locked again?

[manic spindle]

Unlocked stakes remain staked until manually withdrawn. They keep the token weight bonus from their locking periods while still staked 🙂

[azure jewel]

Got it sounds good! Thanks!

[gleaming karma]

if i put 3k total usd on slp staking...
it's going to be aprox 3 ilv and the same on eth...
that's 1 slp or half slp?

[cyan river]

Half eth half ilv

[potent flare]

depends how much slp now costs, if it costs 3k then yes

[floral widget]

Check the % allocation of the SLP and quantity to form 1 SLP https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

[gleaming karma]

yeah but that mean's that im going to have staking 1 slp ? or half slp?

[fresh grail]

I believe you will get 1 and a bit slp

[gleaming karma]

i think that's it...ty

[sonic wolf]

poor link marines

at least they can stake and earn ILV

[cunning perch]

Oh they will be over the moon.

[clear cape]

when will link flash pool come u think?

[cunning perch]

it's up for vote now 🙂 next week maybe? donno

[quiet hatch]

Can anyone tell me what stage on this curve we're at right now, how many weeks has it been since staking started :)?

[sonic wolf]

each line is two weeks

so 1 month = 2 lines

we are like 6 lines in i believe

dont quote me though

[modern laurel]

I set staking for 52 weeks locked and its been a week and it says i can alrady claim my reward ?

[cunning perch]

yes you can. But when you claim it'll be locked for a year and compound to your stake with a weight of 2X

[modern laurel]

Oh ok

[cunning perch]

So if you want your rewards (withdraw later or let it compound) you'd better claim whenever you have enough that would justify paying gas for

[brisk surge]

How often do I have to pay gas fees for claiming?

[ember ginkgo]

You decide when you claim

[cunning perch]

you can check some calculators pinned in pinned messages here in the channel. But you can also do that whenever you're ok and comfortable

[brisk surge]

What the question Is : if I want to claim them, do I have to pay transaction fees once or twice? So once for claiming and once for staking it again?

[cunning perch]

if you wanna claim SLP rewards, yeah you have to pay two gas as it claims both pools rewards. If you wanna claim ILV pool only, then 1 gas should suffice. then it will compound automatically AFTER the claim was a success

[brisk surge]

Hey everyone, I informed myself so far but I still wobble on one point: I have now 5 ILV in the core staking pool 20% for 1 year, locked for a 2.0 weight and ILV as reward. If I come back after 12 months to claim my reward (5 ILVs) are these 5 ILVs automatically logged in again for 12 months or does that only happen when I claim rewards within those first 12months?

[fair hill]

Hi all. I have some SLP staked which is earning me ILV. Am I right in saying that if I claim that ILV and then want to restake it, I have to do this manually (i.e. it doesn't happen automatically)? Also, if I do restake it, I can choose how long this is for? I may want the restaked ILV to be available the same time as the SLP that I originally staked. This would mean I would stake the ILV for slightly less than 12 months. Hope that makes sense.

[floral widget]

It will go into the ilv pool directly and vest for 12 months

[manic spindle]

!claim Claimed ILV from yield farm rewards compounds automatically 🙂

[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.

[cunning perch]

if you don't claim rewards, you'll never get them and they will sit there idle. You have to claim so you can get them a year later and to start the compounding effect. It will happen AFTER the claim

[fair hill]

Thanks all for the responses. So the compounding effect only starts once claimed? When they are unclaimed they do not compound?

[cunning perch]

Unclaimed rewards just sit there idle doing nothing 🙂 like they don't even exist

[fair hill]

Another question if you don't mind. Once I've staked my claimed ILV rewards, they will earn more ILV (in addition to the SLP I originally staked). Now can I claim the rewarded ILV from both these pools together, or do I have to do it separately?

I ask because the ILV that will be staked from my rewards could take a while (on its own) to generate enough rewards to justify paying gas to claim them. Hope that makes sense

[cunning perch]

If you also have SLP, claiming its rewards will claim your ILV rewards too. So you will pay 2 gas for to TXs.

[fair hill]

Excellent. Thanks a lot - much appreciated

[cunning perch]

No worries friend 🙂

[primal gale]

Hi. What’s the rate for ILV to sILV?

[manic spindle]

Within the Illuvium Ecosystem it is 1:1 even if sILV trades below ILV on the open market 🙂

[primal gale]

thanks man

[whole nexus]

someone have the SLP adress please to add to metamask

[gilded wigeon]

It's pinned here

[whole nexus]

yees thank's

[gilded wigeon]

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

[whole nexus]

yes i have thank's, already staked , so happy!!!!

[gusty sonnet]

With the SLP tokens, do you also get the full yield on your eth?

[manic spindle]

Yield Farm rewards take the total value into consideration, yes. RevDis only the actual amount of ILV though 🙂

[near bay]

if you lock stake on the slp can you withdraw your rewards or are they locked also

[manic spindle]

!claim Claiming rewards is no different whether or not your deposit is locked or not 🙂

[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.

[near bay]

cool thank you 🙂

[clever ingot]

So I can stack SLP to earn IIV?

[cunning perch]

SLP (Sushi Liquidity Pool Token) yeah.

[clever ingot]

AHH that SLPP not the axie oone 😄

[cunning perch]

yes that's why I wrote it in full name 🙂

[wheat grotto]

Does the SLP pool receive revdis?

[cunning perch]

Yes. It's ETH + ILV. The ILV part receives it, not ETH

[wheat grotto]

Okay thanks

[vivid timber]

Hi guys. I have a question: what does the slp price depend on? Does it depend on the ilv price? If so, how?

[next ruin]

Value of both ILV and ETH as the SLP token represents a % of the total pool. Therefore it also represents the transaction fees accrued.

[static patio]

Should the staking equal for eth and ilv for slp? Can we make it not equal?

[next ruin]

To add to a liquidity pool you must add an equal value of each token.

[glad gale]

hi guys'

[static patio]

If equal value, do we receive both eth and ilv as dividends?

[glad gale]

1 ILV able to get how many staking per day

[cyan rampart]

Rewards are all in ILV.

[cyan rampart]

APY changes, so this will vary, but if APY is 70%, that's 70/365 = .1917% per day.

So about .002 ILV per day in the Core ILV Pool with 1 ILV staked.

You can do the math for SLP, it's the same idea!

Another way to look at it is 1 ILV will generate .7 ILV a year at 70% APY. Divide that out by whatever timeframe you want to see.

[glad gale]

thanks for your explanation

[static patio]

If we got slp staking at 500% apy, is that guaranteed after a year i get 500% gain?

[glad gale]

sushi LP staking 600 %

[next ruin]

As Blickter said above, APY changes. It naturally drops 3% every two weeks and will vary based on how much is staked. So no, the % is not guaranteed.

[glad gale]

why is it so much diffrent, so is sushi better or just go for ETH/ILV

[cyan rampart]

Just being a nitpicker here: Total rewards drop 3% every 2 weeks, APY can change much more than that.

[next ruin]

#🥩〕staking message

[cyan rampart]

Damn that's a good graphic.

[static patio]

Every 2 weeks apy change, so do we receive our interest every 2 weeks before it drops to new rates?

[cerulean jewel]

i have question about sushi lequidity pool

[next ruin]

APY changes dynamically and rewards are calculated every block.

[cerulean jewel]

does anyone has info about it ?

[cyan rampart]

APY changes literally all the time. It's based on total investment in the pool, ILV price, ETH price and total rewards distributed. It generally holds steady when there's not much price action, but it DOES change by a bit super frequently.

[cyan rampart]

For general info, I'd read the pinned messages in this channel. There's TONS of information available. If you have a specific question, you can ask here.

[frank rampart]

where do you guys stake?

[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

[turbid drift]

With the ETH in the vault that is used to buy ILV from the SLP pool, does it mean the ETH of the SLP is then increased?

the amount of ETH in the SLP pool is then increased?

[floral widget]

This will depends on the price of ilv growth vs eth growth

[next ruin]

https://academy.binance.com/en/articles/what-are-liquidity-pools-in-defi

[cyan rampart]

Temporarily, yes. Liquidity Pools automatically balance their assets, so that would be balanced out fairly quickly.

Like, immediately after a buy, the SLP would contain the ETH used to buy ILV. The pool would identify the imbalance, and immediately start trying to balance the 2 assets to maximize liquidity.

[turbid drift]

Okay i get you! What happens when all ILV set aside for rewards in staking is finished? Is staking then stopped?

[cyan rampart]

!revdis Staking is still required for revenue distribution, so Yield Farm rewards will run out, but staking will not end.

[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.

[next ruin]

ILV must be staked to receive RevDis, so staking will be around as long as the ILV project is set up this way.

[sturdy egret]

is there any admin that can assist to check on my ILV staking status?

[cyan rampart]

You should be able to check for yourself, via the Illuvium website and dashboard! Were you having issues with the website?

[sturdy egret]

Yes, when i try to stake on core pools, my ILV doesn't show up

[cyan rampart]

Did your staking transaction complete?

[turbid drift]

Sorry if i sound stupid, just asking to fill in blanks. So 5% of all sales go to the vault and the other 95% is used to buy ILV from the market?

[sturdy egret]

nope, but i checked that my ILV was transferred to ILV staking

[cyan rampart]

If the ILV has left your wallet, you've completed a transaction. If it's still in your wallet, the transaction didn't complete.

[sturdy egret]

ILV no longer in my wallet, transaction record shows i sent it to ILV wallet. But it doesn't appear in my balance

[cyan rampart]

Are you confident you used the official Illuvium website? There isn't an ILV wallet - you stake ILV and it enters the staking pools, but there is no wallet associated with the project.

[sturdy egret]

0x767fe9edc9e0df98e07454847909b5e959d7ca0e is this a official ILV wallet

it says my coins went to this wallet in the records

it was all done on the illuvium official website

[next ruin]

That's the contract address of the ILV token itself

[sturdy egret]

can i provide the transaction hash here so that someone can assist to check

[cyan rampart]

You can DM me the transaction, I'll try and figure out what's going on.

[next ruin]

One thng to consider is that staking, if I remember correctly, requires approval of two transactions - one to approve interaction with the contract and a second to actually stake.

[misty prairie]

Hey guys, I have a friend who is having trouble staking SLP. Is there a support contact here I can give him to try and help him troubleshoot his issue?

He also is unable to join this discord for some reason

[brisk surge]

@cyan rampart i think could help with this?

[misty prairie]

@cyan rampart would you mind if I gave him your handle to DM you?

[wraith heart]

Hey does anyone here own a ledger wallet and is using it whilst staking ILV?

[cyan rampart]

Go for it, I'll do what I can!

[misty prairie]

And who is @remote quest reaching out about technical support?

[misty prairie]

Thank you!

[cyan rampart]

!scam Probably a scammer, whenever possible we prefer to discuss things in public chat, and a mod will NEVER DM you first.

[woven ibex]

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

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

[cyan rampart]

If he's asking for sensitive information at all, please post a screenshot in #🚨❗〕report-scammers

[misty prairie]

@cyan rampart I figured

[turbid river]

Sorry for the total noob question: If I buy 1 ILV and stake it for 1 year what will be my return?

[wraith heart]

Can anyone help:
I have bought a ledger due to the increasing number of browser hacks. Is it possible to stake ILV through ledger and is it possible to move my currently stake ILV onto ledger?? Thanks!

[cyan rampart]

Depends on the average APY (APY changes over time, generally trending downward as per the tokenomics of ILV), but if APY were 70% for a whole year without changing, you'd generate .7 ILV per ILV staked.

Annual Percentage Yield.

[turbid river]

Is 70% the current APY?

[next ruin]

67% core ILV now

[cyan rampart]

67.4% for the ILV Core Pool with a 12 month lock.

You can always check each pool's APY on the website.

[turbid river]

Thanks. Why is the APY so high with Sushi, is there greater risk involved?

[cyan rampart]

Yup! There's a graphic showing the general risks/benefits to each pool if you checked the pinned messages in this channel.

I'd recommend reading most of the pinned resources to get a good idea of the risks before investing. Always DYOR 😛

[turbid river]

Thanks for your patience, I'm new to Discord, I'll go and read the pinned stuff before bothering you any more ☺️

[cyan rampart]

Not a problem, I'm here to help 😛 If you have more questions after you read through, feel free to ask!

[turbid river]

Will do 👍

[wind walrus]

Nope, 100% goes into vault. At random the vault will purchase ILV from the open market and distribute to all ILV token holders that are staking

[cyan rampart]

Exactly this - The vault is simply there to accept ETH transactions, purchase ILV, and distribute it to stakers. You might be thinking of the Treasury, which will receive revenue distribution by having treasury ILV tokens staked (at 0 weight, and not collecting yield farm, but eligible for revdis).

[warm knoll]

I m also interested into that. I'm thinking about getting a ledger and wanted to know if what i already stack could be transfered to the ledger (because as far as i understood on the ledger webstite you need to create a new account once you have your device and import it to metamask). I m afraid whatever the future claim i ll do they ll stick to the metamask wallet instead of the ledger

[sturdy walrus]

the revenue comes with no gs fee right

Wait, the revenue is in ILV ou SLV?

ok ILV

[cyan rampart]

Revdis is paid out in ILV - you'll have to claim your revdis AFAIK, but you can also let it accumulate until it's worthwhile to claim.

[sturdy walrus]

Do they have intention to bridge ILV?

or they are waiting for ethereum 2.0

[cyan rampart]

To other blockchains? I haven't heard any intention to have ILV on other blockchains.

If you're referring to gas costs, there's #880885576591634492 .

I'm not privy to what the team is planning, but the community sentiment seems to be that 1 of 2 things will help mitigate gas costs.

1. It's possible that eventually all staking/claiming etc. could be moved to a L2 solution like IMX or Arbitrum.
2. Ethereum 2.0 (specifically, shard chains) completely solves gas issues.

These aren't "official" by any means, but seems to be what most people think will help with gas.

[sturdy walrus]

ok tks

[vast grove]

Guys any ideas about how to withdraw my rewards with out pay 100$ in fees because of the scam ETH?

[cyan rampart]

Wait for cheaper gas!

Or potentially, wait for staking V2 if you're not in a rush.

[vast grove]

I have locked my initial deposit stakedç

so no im not in a rush xd

[frosty totem]

So, if you're locked at 12 months you will get the option to be able to stake for 2 years at a higher weight when going over to V2?

[elder dawn]

you'll be able to keep your same weight and lock period converting to staking v2. you won't need to lock for longer to enable the max 2x weight. new people coming in will need to lock for 2 years instead of your 12 month lock to get the same rate

[frosty totem]

Gotcha, thanks 🌊👌

[brisk surge]

Is it stupid from my part to stake only 1 $LIV due to ETH fees? Or should I go for it? 🤔

[next ruin]

I think it can be worth it to stake that. I would wait for a time when gas is <40 though for sure.

[brisk surge]

Bellow 40 is an acceptable staking fee? Someone above is complaining about 100 fee haha

[next ruin]

Gas and the actual $ fee that you spend to stake aren't equivalent. I think there is a calculator pinned that does the conversion for your basic staking transactions.

[brisk surge]

I’ll take a look, thanks my friend! 👍

[next ruin]

This is the one I was thinking of, fyi. #🥩〕staking message