🥩〕staking

[cunning perch]

if you're planning long-term, sure. As long as it justifies paying gas for. If short-term, not so much. you will lose a lot on gas

[granite halo]

Any ILV is worth staking, but your gas fees may make it hard to claim often.

Your 2 ILV are currently worth about 1130 USD. Can you add another 1130 USD worth of ETH?

If so, stake in the SLP pool.

If you can't, then maybe go ILV pool, or hold and try selling after the gameplay trailer pump.

[signal thorn]

If I stake in SLP pool, how often should I claim my rewards?

[granite halo]

With 2k worth of SLP staked I would say every 2-3 months at most.

But it is up to you. Please check the pinned calculator to determine which is best for you.

[signal thorn]

Thanks for the help!

[stiff sleet]

for the profit sharing, is that divided by the circulating supply?

[next ruin]

Revenue Distribution is shared with staked tokens as well as the treasury and locked team / seed / VC tokens.

[stiff sleet]

assuming staked tokens is around 3M tokens

[spiral flame]

Illuvium staking page is loading forever. Is it just me?

[stiff sleet]

if illuvium earns 100m per month, profit will be divided by 3M so around 33 USD per illuvium per month

[next ruin]

It's almost 7m eligible tokens atm

[stiff sleet]

thats even worse i guess, so around 14 usd per month per token

[cunning perch]

It's def u bro. Just checked. Everything's fine

[stiff sleet]

assuming they get to 100m per month revenue which Axie Infinity hasnt even reached yet...

[next ruin]

I mean, that's essentially 30% APY not even considering any token appreciation due to RevDis applying constant buy pressure.

[stiff sleet]

Am i wrong with my math? if you have 10 ILV your rev dis for 100m profit with 7m elligible is 140 USD...

[next ruin]

Nope, you've got it. I'm just saying that it sounded like you were implying this was a minimal / insignificant return.

[stiff sleet]

is it? for 5.5k usd investment for 10 ILV you need to wait 3 years of 100m per month profit to get ROI.

is that accurate?

[next ruin]

You'd need to wait that long to double your initial investment if the token price didn't change. You'd need 3 years of 100m REVENUE - not PROFIT. But if token price didn't change, you'd have positive ROI instantly. The tokens you buy and stake are still yours, the value doesn't go to zero / the tokens aren't burned?

That's also assuming you didn't stake / reinvest any of your RevDis tokens to gain a greater share.

[stiff sleet]

yeah but the token price appreciation is due to the expectation of return from RevDis, right?

but if the revdis is not as attractive, token will not appreciate. are there othere use cases for ILV to appreciate?

[next ruin]

The RevDis itself is constant buy pressure and I think there are plenty of folks who would consider a passive 30%+ APY attractive. This is also planned as a long term project with multiple games / merch / media revenue streams that will ALL flow back into those original 10M max tokens.

[stiff sleet]

thanks for clarifying...

[mellow hull]

Plus every sILV created burns an ILV

[clear cape]

Token won’t appreciate says who?

Why does axie appreciate when it has no dividends to begin with?

[mint cave]

99% of crypto are just tokens people hodl and hope "price go up"

with ILV you also get yield from staking and 100% revenue redistributed across all the stakers. a token with an actual P/E ratio. where the hell else are you going to find that in crypto?

[elder dawn]

The only piece you're missing is token weight. Due to weight of staked tokens in the yield farming pools, I estimate it will be around $9.50 per ILV times weight at $100mm. I have a video on this specifically that will be out in a few days as I think the other revdis videos miss this part of the math.

[stiff sleet]

it has utility and demand.

[stiff sleet]

please tag me for the vid.. want to learn more

[clear cape]

Based off this logic, the current evaluation and price rise of ILV is purely speculative based off the game’s revdis potential that is still 6 months from now

Yes revdis helps in the token’s price, but it isn’t going to be the only factor

[stiff sleet]

im trying to learn about the other factors

[clear cape]

Stating token value won’t appreciate if rev dis isn’t spectacular just isn’t a correct statement in my eyes, that’s all

[elder dawn]

Since you said please, here's the video. It's unlisted for now, "premieres" on my channel in a couple days. Here's the staking channel sneak preview 😋 https://www.youtube.com/watch?v=Zp4sgCM8sdo

[stiff sleet]

thank will check it out

[granite halo]

But it is honestly the biggest part of it. Why buy ILV and have to stake it if you can get a better return by just playing the game.

This is honestly a big issue that I keep trying to address. I think without ILV revdis being like 50-75/token a month everyone is gonna dump their tokens at the end of their vesting period.
No reason to stake 250,000$ worth of tokens to get back 10k a year in returns.

That may be fine in the stock market, but not crypto.

My portfolio is 80% staked ILV, but if I can get better returns after the vesting period is over by selling and putting into something else, I would sell my ILV in a heartbeat and just continue to play the game as a p2e game.

[clear cape]

They don’t necessarily have to stake it, ILV can still appreciate in value.

You’re right that the return on revdis has to be somewhat decent though for people to be incentivised to stake (although there is yield farming).

ILV can appreciate it value which is why people wouldn’t want to dump all their tokens

I was referring more to the token value, staking ILV at that stage given yield farming rewards have been sucked up and lock up periods are 2x, yup staking is a whole lot less worth it

[stiff sleet]

this is exactly my point

[manic spindle]

Axie has been as high as 370m 30d revenue already 🙂

[stiff sleet]

but it took them 2 to 3 years

im just looking at it in a ROI perspective. will take 1 year at least for ROI with staking...

and thats assuming they hit 100m monthly profit in the first year...

[manic spindle]

Yes, a couple of people with limited experience. The succes is applaudable, the means of reaching it debatable. Regardless of that though, you can't compare that at all with ILV. At least 50+ USD per staked ILV within 12 months of launch. NFA

[stiff sleet]

how did you arrive with that number? please breakdown the math

[manic spindle]

Easy, roughly 6.5m eligible staked ILV and 370m+ revenue.

[next ruin]

It really bothers me to see ROI used in such a weird manner repeatedly 🤓

[stiff sleet]

so if you have weight of 2 does that mean 100 usd for 1 ILv

[granite halo]

Thanks to Axie the P2E space is on fire. We do have to give that to them.
Thanks to that, people are a lot more willing to invest in and play P2E games.

If they see that ILV has earning potential near or better than Axie AND it is a fun game to play. Then they will jump in.

That is why instead of the 3 years it took Axie, we can do it in 1.

More money floating around looking for a good place to invest. We just have to give them a good product to invest in.

[clear cape]

As well as the fact that the crypto market went parabolic as of recent in comparison to 2 years ago

[stiff sleet]

id assume by the time illuvium generates 300m rev per. month, ILV token is no longer worth 500 USD right?

[manic spindle]

No, rough average ignoring token weight. Only on phone now, so can't go into details here. Token weight isn't relevant for all pools though when it comes to revdis.

[manic spindle]

It will be four digits before even hitting 100m unless that happens in month 1 right away

[granite halo]

Although one good thing is that the less people staked, the more revdis that us stakers do get. So even if the ILV token isn't worth as much as we hope, we can maybe offset that with higher revdis % for the stakers due to less people being staked.

[mint cave]

the lower the price of ILV, the more ILV tokens you get from revdis as well.

something fun to think about

[stiff sleet]

so for 1000 usd per ILV at 300m revenue and 7m elligible. that will take 20 months for ROI?

[next ruin]

https://tenor.com/view/princess-bride-you-keep-using-that-word-i-dont-think-it-means-what-you-think-it-means-gif-15708582

[mint cave]

why are you ignoring the yield farm rewards for this "ROI" calculation

it's very odd

[granite halo]

He is using the crypto definition of ROI.

[clear cape]

Haahah im going to sleep tonight with the word ‘ROI’ spinning in my head

[brisk surge]

Most people are getting 100% ROI in under two months just from staking. Dont worry about revdis till the game goes out lol

[stiff sleet]

sure add 30% apy. that would only shave say 3 months

[clear cape]

Are you trolling?

[elder dawn]

To apply Stormi's number, change the example in my video to $370 million rather than my placeholder $100 million. Based on current token values, it would be $70 per ILV at 2x weight. Remember though, by mid-next year, the number of tokens will increase significantly as yield farming progresses, so my guess is a $370 million month in mid 2022 is likely more $35ish per 2x weight token.

[stiff sleet]

im not, im just concerned no one can really explain this clearly

[granite halo]

You will have approximately 3-5x your initial investment worth of coins after one year.

[brisk surge]

If doubling your money in under a year isnt good enough profits for you i would reccomend a casino.

[clear cape]

SLP pool you get back your initial investment in around 2 months at current rewards

[next ruin]

https://tenor.com/view/im-here-to-confirm-confirm-verify-checking-kevin-smith-gif-15683380

[stiff sleet]

i x10 my coins by just buying low, im just asking about staking benefits and utility of ILV

[brisk surge]

Well we cant guarantee a 10x. sounds like you have it all figured out already.

[next ruin]

If you're big into short term 1000% plays, staking ILV is not the game for you.

[clear cape]

Deraji, we got a high chance to get $20 a token per month right (at the start and onwards )

[stiff sleet]

im looking at how profitable staking ILV is, and based on answers here is its about a year minimum, assuming we hit 300m per month levels of rev.

[manic spindle]

How many tokens do you use? Full 10m? Mid next year 370m revenue should be $50+ 🙂

[elder dawn]

I come at this project from the "conservative" side of investing, being in stock market index funds. A 10% return is a great YEAR. The rewards we're seeing in Illuvium are ridiculous, but with the added risk of principal lock up and no actual product yet. Yes, there are gambles elsewhere that may 10x your return quickly, but many of those will go to zero if you don't get out in time. To me, that's gambling, not investing. This is my risky play.

[clear cape]

Yes let’s just go with that 😄

[next ruin]

Why do you keep acting like your initial investment is gone forever when you are trying to figure out when you are "profitable"? Makes zero sense.

[brisk surge]

Yes, Ignore what everyone has told you and continue charging ahead with your original conclusion.

[next ruin]

Your definition of "profitable" is doubling your money, they are not the same thing at all.

[stiff sleet]

cause i roll profits into something else. i also look for passive returns and how profitable they can be, and if being an early investor will payoff.

i hope that they add utility to ILV

right now its similar to a stock/bond nothing else.

[brisk surge]

Im not sure if you are confused about what stocks are or what ILV is... Sigh..

[clear cape]

Bruh if you can make money based off the discussions we have had, anyone can make it in this world 😅

[stiff sleet]

im not here to offend anyone, but im a bit challenging your calculations..

[brisk surge]

have you accomplished your mission?

[stiff sleet]

i own axies and manage scholars so I kinda have an idea of how much investments i need to put out and how fast i can get them back and start earning profits

[brisk surge]

Ive made 80% of my initial investment in just over a month. You can challenge that calcualtion all you want but its in my wallet so youre not gonna change my mind.

[stiff sleet]

is that because of yield returns?

[brisk surge]

yes

[clear cape]

Bro I told you that you get back 100% in around 2 months lol

[elder dawn]

That was quick math - the only thing that changes from today's ~6.4 million will be the yield farming rewards. By mid 2022, another 1 million YF rewards will be available to claim as ILV and be rev dis eligible. That takes the number to around 7.5 million eligible ILV. Specifically for yield farming, the number goes from 1 million ILV today to 2 million. I expect some seed/team/upper management to find their way to the yield farming pools for rewards, so it's a rough guess, but $30-35 per ILV per $370 million will be closer. At 2 million in the YF Pools, that's 27% of the 7.5 million tokens. At $370 million, 27% or $98.6 million goes to the YF pools. I expect average weight to be 1.7 at that point since it will so heavily skew locked YF rewards at 2x. 2 million tokens x 1.7 weight = 3.4 million "effective" tokens. $98.6 million / 3.4 million = $29 per ILV x token weight. fixed my mistake - close enough for quick math.

[brisk surge]

He's wearing his trollerskates m8 he can't hear you

[stiff sleet]

i guess we are talking about different things, hence the confusion. i was talking about the ILV pool

[granite halo]

I don't think he is trolling. It is common in crypto to consider your initial investment lost because of the volatility.

That is why "ROI" in crypto often means "getting back the money you lost"

[elder dawn]

That's why ROI and APY have lost all their original meaning. Used to represent something entirely different in the fast moving crypto space.

[granite halo]

Look at Axie. Paid 5000 USD for Axies teams and now those teams are worth like 1000.

So ROI in crypto means "how long until I make back my initial investment"

[brisk surge]

If you lose your initial investment its just a bad investment with negative ROI lol

[granite halo]

You buy 50,000 in MSFT and a month later it probably isn't gonna be worth 5000$. That is why I think we need to be aware of the different meaning.

[next ruin]

So we changed the meaning of terms to suit people YOLO'ing into bad projects? Gotcha. Didn't get the memo. I'll keep using it to mean what it actually means.

[stiff sleet]

Since staking has regular returns kinda easier to use ROI

[granite halo]

You can use it to mean whatever you want to.
Terms change based on environment all the time.

"Wow you got me dead" doesn't necessarily mean "I am deceased"

I know it is not the correct use of the term, but hey, nothing is normal in crypto.

[next ruin]

ROI is a term with an associated formula that anyone in a professional space knows and understands.

[brisk surge]

I think we moved the goalpoast for bad investments so these degens dont have to do the math on how much money they lost on dog coins.

I should start counting my "returns" based on how much the value moves from the starting value. Up or down, its all returns.

[deft sluice]

I want to stake in SLP pool. Is it i need to go to reward session to claim my ILV first. Or i just stake in the SLP pool straight without claiming the reward?

[brisk surge]

If you have pending rewards, just go straight to adding your SLP stake. You'll then be prompted to claim the ILV rewards. It will claim and then add your SLP stake in a separate tx

[next ruin]

Don't claim manually first - adding a new stake will automatically trigger you to claim.

[brisk surge]

When you click to stake new tokens it will prompt you to collect pending rewards. Dont manually claim from the pools first.

[granite halo]

I mean you can clown on other investments all you want but people buying ILV right now could be in the same position. Totally possible ILV tanks to 50 or less a coin next year as other tokens unlock and if revdis isn't as expected.

Would you think its cool then to laugh at the people who are investing now?

[next ruin]

And yet, given all that, the actual definition of ROI is unchanged.

[brisk surge]

I sure as hell would consider it a loss not redefine return so that it made it look like i lost less money.

[granite halo]

Meh, I think it is easier to just say "oh you mean crypto ROI" rather than trying to correct everybody who uses it incorrectly. Uphill battle.

[deft sluice]

It mean total 2 transaction? One is cheaper and one is more expensive?

[brisk surge]

Ive lost plenty of money in the crypto space btw and I dont hope for anyone to lose money. I just think its important to be honest about how we are doing calculations so we are all on the same page.

ROI is the same formula no matter what investing space you are in. This "crypto ROI" you have made up just inflates your gains and negates your losses on paper. It doesnt help anyone understand what we are talking about and it makes it hard to properly analyze the value of an investment.

[brisk surge]

Yea I think the one that claims rewards is cheaper and adding to the liquidity pool costs a bit more

[brisk surge]

It should be 3 I think.
1 to claim ILV pool
2 to claim SLP pool
3 to stake new coins

if theres nothing in the SLP pool then just the 2

[deft sluice]

Thanks a lot. I lost around USD200 just to paid for the gas. And still haven't yet. Because i go claim manually 1 time only for three time each.

[brisk surge]

There are some really good videos you might want to check out. Rahlord has one pinned in the comments on this channel and vetemor has a staking video on youtube.
They might help give you a more clear idea of exactly what to do.

[stiff sleet]

sorry for the confusion.

i was interested in RevDis calculation, thats why I used ROI.

It does seem like it would really take a year or so before you get your ROI with RevDis alone even at 300m per month revenue. with current token price of 500+ usd.

if ILV token appreciates thats a different question, but its hard to think how it will appreciate if not for the APY since revdis isnt that attractive atm...

thats why i was asking if there are other utility of ILV i wasnt aware of.

Right now its the APY that is driving the price up... thats what i think..

[deft sluice]

ok

[chilly hound]

I have some questions regarding RevDis:

1. Are the tokens locked?
2. Will it need to be claimed like rewards?
3. Are they automaticaly staked and do they have some weight?

[next ruin]

1. No. 2) Yes. 3) No.

[chilly hound]

Thanks, so we need to stake them like the other tokens and lock them for weight?

[neon crescent]

dumb question: how can i calculate the value of the SLP token?

[mint cave]

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

[brisk surge]

That's up to you

[next ruin]

The exact mechanics aren't 100% clear yet that I know of, but yes you will have to manually stake / lock RevDis ILV.

[chilly hound]

Thanks for answers

[brisk surge]

Well I think it doesnt really make sense to exclude the yield farming from the equation because yes, thats currently part of the reason the price is high.
Keep in mind that ILV for revdis are purchased from the open market which provide a lot of buy pressure on the token price.

While the revdis isnt super high, it will likely be fairly stable and lots of people are looking for relatively safe investments with decent yield.

Revdis has the most potential in the longer run where revenue could be coming from multiple game titles, movies, merch, and esports revenue. There is a lot more than just one game coming out of this pipeline and holding ILV for revdis is a great way to have long term exposure to what could become a massive enterprise.

I also see 1 billion/month as a reasonable revenue target for 2023 if the game is successful in bringing mainstream gamers into the fold as well as sponging up a decent chunk of the growing crypto-game market.

[sand cloud]

Not to mention everything else that is coming, cough nike cough

[ornate cypress]

We might see rev dis in action this week?

[neon crescent]

its for a dynamic spreadsheet, cant scrape it from zerion unfortunately

[elder dawn]

calculating the SLP value directly is complicated, since it is dependent on the ILV price, ETH price, the ratio of the two, as well as swap fees/volume from Sushi. I'm lazy and just look at zerion as well for the current value.

[gloomy gazelle]

!contract does etherscan have the api for what you need? Eth/ILV SLP token is priced on there.

[woven ibex]

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

[neon crescent]

it doesn't seem to be updated at all in etherscan, it's been the same value since i first looked it up :p

[gloomy gazelle]

Oof

[neon crescent]

i mean, i havent tried their api, just scraped the webpage

i'll see if the api is any different tho, thx for reminding me of it :p

[ruby fractal]

Thegraph API might have stuff you can get if you have the correct contract addresses for the pools as well

[wintry bridge]

hey all, does it worth claim the ILV amount I got as rewards and re stake it? does it has any difference from just leave the rewards there?

[mint cave]

check either thing in this post:

#🥩〕staking message

the google sheet has a tab with common claim examples (every X ILV, or every X days)

[gloomy gazelle]

Unclaimed/pending rewards are not earning and have not started the 12 month vesting period. You cannot get the rewards to your wallet as ILV until AFTER they have vested for 12 months.

[queen mauve]

If I remove LP do i loose the rewards or they stay vested?

[gloomy gazelle]

If you withdraw your deposit you will be forced to claim/vest your rewards as part of the withdrawal transactions.

You don’t loose any earned rewards when withdrawing.

[mighty bolt]

Is there a YouTube video for the calculating ILV stake return google sheet explaining it like the book “for dummies” cause i need it lol

New to crypto still

[elder dawn]

Hey @mighty bolt - check out my youtube channel https://www.youtube.com/channel/UClKAmk3x_2iXRT2gWwzdZpw/videos and my blog at publish0x.com/ilvfi I try to take a more fact/educational approach. I'll admit, I'm a little technically deep at times, and I'm working on some more "intro" content. Hit me up if you have questions. Don't be shy on this channel either as there's a lot of helpful people around.

[mighty bolt]

Thank you! Crypto in general is hard, and every time i think i “get it” I don’t haha going check it out now

[elder dawn]

no doubt! good luck and good for you to actually try to learn versus just throwing money at things and hoping.

[mighty bolt]

I put 1 k in staking just because i love the Pokémon nostalgia of the game, and Wanted to be a part of it. Didn’t care about making anything.

Now i wonder if i want to actually make money from this. If so ill pull the trigger if not ill enjoy it anyway lol

[elder dawn]

thats only something you can answer based on your financial situation and investment plans. I'll say, there's a freeing comfort in staking here, being excited about the project, and being locked for a year and not being able to do anything about it as the price rises and falls. Just hang out, get excited, and hope it's worth something in a year 😁

[real tide]

Are you considering staking more or withdrawing the 1k?

[mighty bolt]

Yup the 1k was whateves lol win or lose idc here for the fun.

[mighty bolt]

I would claim the reward then just add more.

Claim as ilv though so it would take 12months to get that but I can add after I claim.

(This is pre-research btw, no clue if it’s good right now)

[elder dawn]

If you're staking more soon, don't claim first. When you stake, it will automatically claim any rewards available. If you claim first, you'll double your transaction fees.

[mighty bolt]

I could have sworn it gives you a notice that you have to claim to stake more….just getting back I’ll check on my computer.

[real tide]

Nice one

I’m still not sure if I claim the ILV or sILV. What would be your strategy guys?

[mighty bolt]

Yeah I can’t check I would need more ilv. But before I can add on to my stake I have to claim

I remember wanted to add more I had won a gambling bet 500, put it into ilv and after all the gas and stuff I wasn’t able to add to my already staked ilv.

I thought it was like eth2 on Coinbase where I can add everyone week/whenever

[brisk surge]

just do it all when you're ready to add to your stake

don't claim first, just go stake and it will prompt you, and just go through the flow like that

[mighty bolt]

That’s what I am saying. You have to claim to add more to what I already have staked

[brisk surge]

If you have pending rewards yes you have to claim them to add

[mint cave]

comes down to personal choice mate, do you want some future in-game spending money, or funds for the land sale? then grab some sILV. do you want to compound your rewards and increase your revdis share? claim ILV

[mighty bolt]

I had nothing pending. It stated I have to claim to stake more. If I had ilv I’d take a picture but won’t do that unless I’m buying more live. Swap cost is 70$ right now

Revdiv for me. My goal to to be super long term

[real tide]

Thanks mate but does it mean that with sILV I got access to it instantly? Versus 12 months vesting with ILV?

[mint cave]

yes that is correct

[real tide]

1 weeks feels like a year in the nft world

[mint cave]

truth

[real tide]

That’s why I might go with the sILV option and use the game as a proxy

[floral widget]

Strangely silv prices are quite depressed compared to ilv currently. It is good value to buy more now. The last time ilv is this high , silv was trading like 260-280, now is still 230

[wheat stag]

anyway to have locked staked ilv moved to lp pool and still locked for same amount of time

[floral widget]

Don’t think you can move to the SLP pool as it requires a different token

[wheat stag]

yeahh understandable.. just kicking myself for locking for a full year haha

[stray epoch]

I see.. how long will the claimed ILV be vested? Another 12 months?

[next ruin]

Claimed ILV is vesting for 12 months from the time it is claimed.

[stray epoch]

Dang, I was thinking I would be able to cash out my earned ILV this December..

[sand cloud]

You can claim sILV and sell it 🤷‍♂️

[stray epoch]

Btw, if I claim it now, will I be given the choice to stake it in SLP pool.

[next ruin]

No, claiming ILV goes straight to the ILV only pool for 12 months. No other options.

[stray epoch]

Well that's disappointing.. :/ I would be willing to spend eth to restake it in SLP.

[next ruin]

You could potentially claim sILV, sell it and re-stake the earnings in SLP. But at current rates you'd be taking a 50%-ish cut to your rewards, so you'd have to run some numbers to see if that would make sense.

And unless you've got a big stack, gas would eat you alive

[stray epoch]

Im not really too keen on converting it too sILV atm.. price is too low and I would definitely take huge losses..

Anyway, thanks!

[next ruin]

Yep, only way you could potentially flip more rewards into SLP atm though. Like I said, probably not worth it to anyone but the whales.

[stray epoch]

Speaking of sILV, where can I obtain it aside from staking? Im trying to find it at exchanges rn. It will probably be worth a lot when the game is officially released

[next ruin]

The pool is on Uniswap, you'll have to look up the sILV contract address to find it. The address is pinned in this channel as well as #🥩〕staking

[sonic wolf]

I recommend buying, instead of gettting from staking

you get it at least 40% cheaper

[real tide]

For sILV?

[sonic wolf]

yes

because when you staking and claiming rewards as sILV, its value pegged 1 to 1 to ILV

so if you have cash on hand, I would rather sock my ILV rewards, and keep buying sILV while there is still a discount

[next ruin]

https://tenor.com/view/feel-me-think-about-it-meme-gif-7715402

[real tide]

Ok I see, I thought sILV had the same value as ILV. Everything makes sense now

[sonic wolf]

in game it does. Not when you buying it now on the market

[silver sky]

It does within the game, in the black market, there is a significant difference so there is opportunity for arbitrage if you have a use case for sILV

[stray epoch]

Where do you buy sILV though? I dont see it in exchanges..

[sonic wolf]

1inch or on dexes

[silver sky]

And you need to import the token via contract to get it, won't show up in dexes otherwise either

[grim otter]

Guys should I stake in illuvium and if I should what are the benefits

[sonic wolf]

you get more ILV + you get share of profits, when game launches.

[grim otter]

What do I with that

[sonic wolf]

plus if you lock now for 2x multiplier, it will take 1 year lock. After staking v2 launch, you need to lock for 2 years to get same multiplier

[silver sky]

Do we have a timeline established on V2 staking?

[sonic wolf]

check the thread in governance. Work on smart contracts already started

[exotic igloo]

A few weeks

Longest is Audits

[sonic wolf]

probably 1-2 months, depending on audit result

[exotic igloo]

We cant control that

[sonic wolf]

he knows much better then me

[grim otter]

How much is it to lock

[sonic wolf]

you pay gas price and you must have some ILV in your wallet

[grim otter]

Like how much ilv

[stiff sleet]

are there other ways to get sILV other than staking rewards?

[near bay]

how do you buy silv then?

[grim otter]

I’m about to buy stake what’s the difference in ilv and sushi lp

[floral widget]

You can just exchange it on metamask using the silv contract code or go to uniswap and search using the contract code, for me I use Zerion , you can get the contract code by typing !contract

[near bay]

ok ty very much

[stray epoch]

!contract

[woven ibex]

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

[grim otter]

How much do I stake in this game to get 2x multiplayer

[floral widget]

If you means 2x multiplier , it got nothing to do with amount , it is based on lock in period, for now is 1 year

[twin maple]

put 1000 bucks in get 5 dollar a day with 2x multiplayer

staking lp token

[merry socket]

Seems the APY has dropped, probably due to more people staking. I staked 3.7 ILV (almost $2k) on 9/15 with 2x for a year, have received 0.05 in rewards so far. Thats aprox $1.66/day. Will claim and add to stake when gas fees makes sense to compound it, but seems a bit slow. Probably minor issue though as real gains will come down the line as the game rolls out.

[open rapids]

Hey everyone.. just curious. I locked 1 ILV for 12 months back in August to gain the 2x Multiplier. What exactly does this mean? Does it mean I get staking rewards based on 2 ILV now instead of 1 ILV?

[ivory tusk]

yes

[open rapids]

Yeah exactly.. once we get a share of the profits.. that percentage should go up for sure.

[open rapids]

Awesome.. thank you

[merry socket]

@open rapids Wondering if i mistakenly did it without the 2x lock, is there a way to check?

[open rapids]

I haven't been on to check my stake in like the last month.. so I forget if it shows. You should be good if it's locked for 12 months.. it's all related to your lock period.

[merry socket]

@open rapids shows pool APY 64.67% but weight 19.61%, not sure what that exactly means. Shows staked but i don't see a time frame. Assuming i did it correct but i've been known to screw up 😂😂

[open rapids]

LOL.. yeah I'm not too sure. Maybe a mod can chime in.

[brisk surge]

Your weight should be somewhere between 1.0 and 2.0

64.67% apy would be correct for a 2.0 weight though. Are you looking on the vesting tab?

[merry socket]

@brisk surge when i click on vesting it shows 1.0, assume i screwed it up. Can i withdraw it then and restake at 2.0?

[brisk surge]

Yeah if it shows weight at 1.0 you should be able to unlock it and re stake.

[merry socket]

@brisk surge first time in 10 days ive gotten the site to display for me

@brisk surge im gonna w/draw and redo it properly. Thx, on.y lost 1% for 2 weeks 🙂

[brisk surge]

I personally havnt had any problems with it but i know people were resolving some of their issues by disconnecting the wallet and clearing the browser cache.

[merry socket]

@brisk surge when i try to claim rewards i get a red circle asterisk and nothing happens?

[brisk surge]

so you want to go to the vesting tab and withdraw the tokens you have vested at 1.0 weight. After that go straight to the staking tab and restake them how you would like.
It will force you to claim the rewards by doing this process, claiming them before is just a waste of gas.

[merry socket]

@brisk surge said i had to claim rewards first.

[brisk surge]

I havnt done this in a minute but I think if you click ok it should initiate a transcaction to claim them.

there is a video by rahlord in the pins that might help you. It goes through everything pretty thoroughly and you can see how stuff is supposed to look.

[merry socket]

get that popup again in top right

[brisk surge]

so if you click withdraw i think itll initiate one transaction to claim your pending rewards, then another to withdraw your staked tokens.

[merry socket]

@brisk surge get that pop up in top right like an error, doesnt seem to be actually doing anything.

Now i lost the connection again, saying i have no rewards. Frustrating to use this website. Im on an i-ad pro which is probably half the problem lol

[charred rampart]

Hey does anyone know what makes up 1 slp?

[brisk surge]

hey sorry I think this ones a little over my head. Maybe one of the mods online can help you.

@cyan rampart @eager rover @brisk surge

[merry socket]

@brisk surge thx for the attempt.

[elder dawn]

Current 0.43 eth, 2.53 ilv. It SLP value divided by 2 divided by each current price. https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

[mint cave]

the "pool weight" is how much of the total yield that pool gets. with no flash pool running, single ILV pool gets 20% of all yield and SLP pool gets 80%. when there is a flash pool it receives 2% of total yield (reducing the single and SLP pools slightly)

[clever swan]

does anyone have that image of the formula to figure out how many ilv rewards one can expect in a day? I think it was the value of your take times the apy divided by 365(?) times something I can't remember.

[brisk surge]

Did you check the pinned messages there are some useful calculators and analytics available.

[clever swan]

yeah I did but it's not there. It was a simple small image of the formula taken from someone's blogppost. Do you know the formula?

[elder dawn]

Here's my sheet where I track rewards per pool per token. Updated daily https://docs.google.com/spreadsheets/d/1Pm6b54YRTjdv6cDmWwudyejk2aA8XSEB5CgzKWe1N20/edit?usp=drivesdk

[clever swan]

nope this wasn't it.

it was a small image file of literally just the formula.

[elder dawn]

Equation for ILV is daily rewards = apy x your current value / 365.

[brisk surge]

You talking about for the distribution of rewards on ILV in the yield farming?

[elder dawn]

It's in my article here. https://www.publish0x.com/ilvfi/apy-is-dumb-what-really-matters-in-staking-with-illuvium-xrnxpmz

Slp formula is daily rewards = (apy x current SLP value) / (365 x current ILV price)

[clever swan]

https://tenor.com/view/my-man-denzel-washington-chuckles-hehe-gif-5032462

[merry socket]

@cyan rampart @eager rover @brisk surge Hoping you guys can help. Staked tokens at 1.0 instead of 2x so trying to claim and restake. Had to claim rewards which i did, had trouble withdrawing but got it to work on 5th try and its back in my wallet.

However now when i try to put it back and stake it says i have to claim rewards before i can stake. When i look at rewards, now it shows 0.00000036 ILV balance like it left a trace in there. Claim button not active, so cant claim that fraction, nor can I stake now. Any help?

[wooden wing]

new to staking, and I read about the V2. I was supposed to enter last night, and have paid the first transaction fee for the ILV core pool. Should I just wait for V2? or is more rewarding to stake on V1? and just have to migrate.. thanks in advance

[silver nebula]

If you're going to lock it in for 2x rewards you need to do as part of V1

[wooden wing]

ok thanks

will migration from v1 to v2 cost us additional gas fees?

[gloomy gazelle]

This it?

[gloomy gazelle]

I’m almost certain there will be transaction gas fees for the migrations.

[clever swan]

yup, this was it. thanks, I should save it somewhere

[timid patio]

question so when I claim my SLIV reward where do you go to see it????

[surreal loom]

Illuvium.io

[dark bear]

In order to withdraw my AXS, would I have to withdraw my current pending ILV/SLP rewards?

Would it force me to when I go to withdraw my AXS*

[brisk surge]

What browser are you using, have you tried refreshing the web page and that would amount for the amount of tokens you have got so far since it wasn't long but i don't think you need to claim to stake again, only unstake and then change the weight.

[brisk surge]

Go to the staking and then flash pools and then unstake your AXS that pool ended a while ago, and you don't need to claim your rewards that is optionable and whenever you feel best to claim those.

[dark bear]

I'm aware it's been ended. I kept it in the pool because gas fees were high for a good bit and I recently got unemployed so I didn't want to waste $100s on gas just to take it out. It will only force me to pay the gas for the AXS withdraw or the AXS withdraw + the ILV rewards?

[slender ocean]

ETA of staking v1 to staking v2 migration?

[tight star]

Hi everyone.

It was mentioned that once I claim my rewards from the SLP pool, my rewards will automatically go into the ILV core pool; and this is also why there is higher TVL compared to the SLP staking pool despite it having a much higher APY.....?

Can someone please clarify what happens when I claim my rewards from the SLP pool? What does it mean that the ILV rewards wil automatically go into the core pool?

[brisk surge]

#887631374578757692

[clear cape]

https://youtu.be/7T2WzeXWC4k

[brisk surge]

When you claim rewards they are vested for 12 months at 2.0 weight in the ILV core pool. You wont be able to withdraw them till the vesting period is up.

So is it normal to be able to add to a stake and claim the pending rewards all in one transaction?

[gloomy gazelle]

For every 1 ILV that is distributed to stakers in the ILV only pool 4 tokens are distributed to the SLP stakers. Why? Because providing liquidity is actually super helpful and has risk and so it is incentivized. ILV only staking is not really as helpful or as risky.

[tight star]

this was perfect. thank you.

[tight star]

okay got it! thank you!

[tight star]

thanks!

[hot lynx]

Hi guys some great discussions over on #887631374578757692 . I don't have access to comment over there . So I comment in the #🥩〕staking channel 👍🏼 - agree @median canyon We have started yes. There are a couple things I want to add to the proposal such as what you wanted added (an option to increase lock on migration) plus a few others.

Next week we will submit. But we have started.
Awsome 😀 ❤️

[gloomy gazelle]

We have tried to figure out why you can’t type over there and have failed repeatedly. Maybe one day… I’ll share your post for now. Honestly I’m sure we can get someone to post on your behalf whenever you’d like.

[hot lynx]

Np I love my ILV community 👍🏼 and I can't wait to play the game and do NFT and V2

[severe bay]

Just a question. Do we have impermanent loss if we pair a token to USDT?

[sacred cosmos]

Tokyo Revengers! Mikey-kun! Sorry had to give props.

[gloomy gazelle]

Yes. That’s possible. Maybe more likely.

[carmine drum]

Ratio changed = IL, it’s inevitable - Thanos confirmed.

[gloomy gazelle]

What are your rigging recently?

[carmine drum]

Many.

[austere vault]

why i'm i not able to withdraw my XYZ from the flash pool

[fickle wadi]

Hello guys,

in order to withdraw my rewards i need to vest them like monthly right?

after vesting they are withdrable i guess kinda lost

[sacred cosmos]

You claim rewards either ILV or sILV. If its ILV then it goes on a vesting period of 12 months. After vesting period then you can do with it whatever you want. Stake, Sell, Hodl. But if you claim sILV its unlocked already. It doesnt go through vesting and can be sold/hodl or use it for buying land for I:Z or in I:Z itself.

[cunning perch]

What error are you faced with?

[austere vault]

Just don’t have the withdraw command

[austere vault]

It’s usually where stake option is I believe

[cunning perch]

Check the “vesting” section

[inner cove]

when i stakes 12 months in the pool and claim my rewards the rewards are part of vesting period (i understans until end of initial staking period, right?) - so why is it senseful to claim the rewards before the end of the 12 month staking period?

[sacred cosmos]

Two words: Compounding interest. By claiming in intervals the ILV rewards you claimed will be vested for 12 months which will earn rewards yet again.

[eager fractal]

to add onto what @sacred cosmos mentioned -
depending on the amount you invested, if you invest a small sum like i did, probably doesn't make sense to claim often due to gas. If you invest a large amount, claiming periodically will allow your claimed ILV to earn more interest (compounding interest)
there's also that issue of liquidity, assuming you want to get those ILV out sooner for whatever reason

[inner cove]

ah, okay, so the rewards will be added the ‚normal‘ ilv-staking pool then automatically?

[inner cove]

i will ‚earn‘ about 500$ in rewards a month - so this might be worth claiming them i guess…?

[sacred cosmos]

Just time your gas fees. I would suggest to go over this video to help inform you of when to claim: https://www.youtube.com/watch?v=7T2WzeXWC4k&t=219s Big props to mah boy @ripe steppe

[inner cove]

thank you 🙏

[sacred cosmos]

Check out his other videos such us staking v2 and revis. Those two might provide guidance as well in your overall strategy in ILV investment. NFA 😄

[short notch]

hey guys i am making a big purchase of ILV tomorrow. Do I need to be scared of staking V2 dropping randomly or is that still a certain amount of time away at least

[manic spindle]

Staking v2 hasn't been approved yet, so it can't drop out of nowhere 🙂

Check this and the following messages incl. Aaron's 🙂
#887631374578757692 message

[short notch]

thanks a lot!

[normal blaze]

$58 to claim both! Not too bad!

[magic ledge]

Are the rewards on slp calculated on the absolute $ value instead of numbers of ILv to eth?

[ripe steppe]

Total $ value (not just value of ILV in the SLP) when it comes to yield rewards

When it comes to revdis u only receive based on the ILV in your SLP

Hence why for now SLP looks like the better way to go (but in future, especially if revdis is high it may not be, but for now it will get u more ILV which will get you more revdis later)

(My opinion not financial advice)

[magic ledge]

So when it comes to staking in the SLp pool, irrespective of the amount of ILv or the price of ILv/eth. If I lock $5000 today, I will always be rewarded on $5000 in sushi lp pool?

[ripe steppe]

No,

If you lock $5000 today, as the price of Your SLP changes, what u receive changes… (but you receive for the total $ value incl. both ILV and ETH within the SLP)

[magic ledge]

So how does it change? Due to price changes in either of ILv and eth? So if ILv goes down, I get less rewards

But wouldn't the price of slp as a whole change and you are holding almost the same %, assuming.

[ripe steppe]

If ILV goes down, your SLP $ value goes down, so you receive less rewards in $ value

But since were imagining the ILV price has fallen, you may actually receive more ILV as the ILV being rewarded to you now also has a lower value (considering ETH price remaining the same)

Hope that clarifies it

[magic ledge]

Hmm so you get more Ilvs to compensate for the decrease in price?

[ripe steppe]

Not necessarily, there are many factors in play here simultaneously (but your APY% can actually drop, but the actual amount of ILV you receive can actually increase, although of course over the long run this will be decreasing 1000%)

Its not to compensate, just that if everything remains the same (no new stakers) And lets say $ value of ETH drops, ILV stays the same, then the SLP pool will decrease in $ size, but the SLP pool receives 80% of all yield rewards (because the price of the SLP pool has shrunk, a greater share of those yield rewards in ILV terms get rewarded to the SLP pool)

It is confusing to wrap ur head around, hope this makes sense (are you actually concerned about this? Or you just want to get your mind around it cos u like to get things? Cos if ur concerned, imo theres no need to be)

You cant use that command
But also why would you try to do that?

Literally spam bro, no bueno

[magic ledge]

I am already locked heavy in core ilv. Regret not doing my ilvs in slps. Then I have also invested a good amount in slp from where I am getting great returns. I wish to invest more and my friend. The questions were by him as he thinks there will be a crash and it will be more efficient to buy more ilv then instead of staking now. My thought is that it doesn't matter. I got the point 60% of it atleast

[eager fractal]

hmm in that case i believe your friend would have to compare (i) expected drop/ crash in ILV price vs (ii) expected returns from staking SLP from now till his expected crash. Imagine that to be a pretty tough exercise though

[magic ledge]

Agreed

But I heavily regret locking my tokens up in ILv pool for 12 months. When I did, returns were 200%, now mere nothing. Should have gone for slp

[eager fractal]

haha cheer up mate, just hope the project flies and you'll still get a decent return. You're doing a lot better than bond and probably most stock investors over the period invested

[dusty hound]

What is slp?

[magic ledge]

It is what it is but I am talking about 200+

[dusty hound]

From which factor is the apy dependent?

[magic ledge]

Is there a way to transfer locked ilv pool to slp? Can we get a vote on this in dao

[autumn cloak]

I don’t think so; once it’s locked, it’s locked

[silent cedar]

Why is the sushi lp so much higher return?

[autumn cloak]

I believe APY drops 3% each week automatically, and it also drops as more and more people join

[autumn cloak]

There is higher risk associated with it

[silent cedar]

Roll the dice, going for the 1yr lock

[magic ledge]

Will this continue into next year? Can I slp for another year

[gaunt wedge]

I just locked ILV 1 for a year. I haven't figured out how to do it with LP sushi. The benefit can still be good, right?

[magic ledge]

I did the same

[autumn cloak]

You can always stake. It’s just the Yield rewards expire in 2024. I don’t remember which month tho. But you can always stake to receive revdis

[autumn cloak]

There is absolutely still a benefit; yes the APY is less, but there is also less risk. Plus, once revdis starts being rolled out, all of your investment is eligible as opposed to half if you had SLP since half of that would be ethereum

[silent cedar]

On sushi you add liquidity ETH/ILV, then you can stake that in the SLP core pool

[strong charm]

hey guys, how is the in game revenue being distributed to stakers? in more ILV?

[cunning perch]

Yes. It'll be in form of ILV

[strong charm]

does this ILV has to vested? or free to use

[cunning perch]

Free to claim. There might be a way to stake it directly if you don't wanna sell it

[strong charm]

amazing

[dusty hound]

Cause you have IL included.

[autumn cloak]

So regarding this, will revdis just go into the rewards section? Or will there be a separate section just for revdis since it doesn’t vest?

[cunning perch]

Probably there will be a separate section added to the website. There we should be able to stake directly (if possible) or withdraw it.

[autumn cloak]

Ok cool. Pretty sure all of my revdis is going straight back into staking lol

[cunning perch]

Same here brother. The more ILV, the merrier.

[autumn cloak]

Yep! Man I can’t wait til the end of this month; once the trailer is released the ball is going to start rolling a LOT faster

[cunning perch]

Sure. This and next month are crucial followed by an explosive winter. We'll have to wait and see. Personally I don't care about $ value anymore. Just need more tokens.

[sand cloud]

I'm excited for next week 👀 drace revdis should be starting

[cunning perch]

Yeah. Even if it's in Cents, it is interesting to get extra $ in the end until bigger chunks start to kick in

[autumn cloak]

Ooh I forgot that is coming soon

[clever swan]

what can we expect from that?

[sand cloud]

No idea, but will be nice seeing revdis in action

[clever swan]

you think there will be some new numerical graphic representing revdis on the dashboard? Has this been mentioned anywhere?

[cunning perch]

#🥩〕staking message

[clever swan]

I just needed to scroll up 5 inches lol. Thanks!

[cunning perch]

No worries 😉

[hollow kelp]

drace?

[autumn cloak]

It’s a partnership illuvium is doing with another game; j think it’s like skins in their game or something. And 25% of the profits from the sales are coming back to us in revdis

[cunning perch]

Death road.io the new partnership

[hollow kelp]

death road?

[merry socket]

@brisk surge Using an android phone/chrome. I googled and figured out how to clear the cache/memory. That worked, i was able to restake at the 2x. Should only be 3 months now to cover the eth gas fees 😂😂, but thx! It worked

[cunning perch]

Sorry death road. My phone changed it to death race haha

[frosty totem]

If you're talking about Deathroad, it's 25%

[autumn cloak]

Ok Thanks. I didn’t remember what the % was

[frosty totem]

That game looks kind of fun

[brisk surge]

So I’m trying to understand impermanent loss, can you actually lose money or just miss out on gains?

[floral widget]

You can lose money as well, let’s say you put eth: ilv SLP , maybe 1 eth to 6 ilv and let’s say ilv somehow fails and drops to 1 dollar. Your liquidity pool will balance to maybe to 0.001 eth and maybe 100 ilv as it auto balance. Not really accurate figures but you get the idea. You will lose the 1eth you put in totally whereas if you just kept eth and ilv, the max you lose is the 6ilv at the start, the eth is still there

[hasty vale]

Hey guys. Link staking availbe and good to go? not seeing an announcement or its own flash pool channel

[floral widget]

Can watch this video it is simple to understand https://youtu.be/_m6Mowq3Ptk

[cunning perch]

It's been live foe about a week afair. you can speak and learn about it in #870290845612507176

[supple portal]

Any updates on when staking V2 will roll out?

[cunning perch]

It's still a proposal. Needs to be finalized, voted on and then start being implemented.

[left shore]

@cunning perch to stake is the sushi pool

i need ILV tokens and the equivalent in value in ETH in my wallet right? and then clikc on stake on the according pool?

[cunning perch]

!LP you can read about it in details here 🙂

[woven ibex]

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

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

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

[left shore]

thx

[supple portal]

Oh okay thank you

[left shore]

@cunning perch normal it takes a while to approve on sushi?

[cunning perch]

If you've set gas on high (fast) and raised gas limit (the latter MIGHT cause an issue if is low) it should go through pretty fast.

[left shore]

ok cool

[tribal wren]

hey everyone

[left shore]

the amounts of gas payed to do all thiese things in mindblowing

[tribal wren]

I have like 90€ in ILV, it's not worth it to stake right?

[left shore]

no

just cost me like 200 to unstake, swap so slp and restake

[hot lynx]

Ye that's the average

160 to 140 is about the best I have done

[brisk surge]

Are we allow to vote?

[cunning perch]

For the proposal, no. Council does. To appoint the members of the council, yes (if you stake ILV)

[brisk surge]

Ok thanks

[cunning perch]

Anytime brother

[manic spindle]

Staking V2 is already being worked on despite not having been approved by the council yet. Chances are slim to none that it won't pass in it's final version and so the team already began developing to avoid wasting any time 🙂

[abstract junco]

so V2 ain't happening?

[gloomy gazelle]

That is the opposite of what stormi said. It will happen when it is ready.

[abstract junco]

aah ok sorry i misunderstood

[brisk surge]

!timeline

[woven ibex]

🚫 Ark, you can't use that.

[final steppe]

!timeline 🙂

[woven ibex]

The current estimates are:

• Closed beta in October / November
• Gameplay trailer end of October
• Illuvatar auction before open beta
• Open beta (launch) on PC & MAC in Q1 2022
• Mobile launch in 2022

Ongoing: Hiring of new Core Contributors, Influencer Partnerships and more

[trail river]

Whats the difference for the current staking?

[cursive gyro]

Sorry, I was reading this so... if someone wants to put 200 USD monthly to staking for example...

The cost of the transactions would be 110.299 USD? Or that is just for the 80 WEI?

[autumn cloak]

Just waiting for them to be finalized and approved by the council

That’s what I understand; but nothing is official and is all subject to change

[wanton rose]

When will the staking rewards be reduced (I think they are reduced every month or so), and does anyone know by how much?

[autumn cloak]

So, revdis will always just be based off sales, and for yield rewards, the APY goes down by 3% a week and then also decreases based on the number of stakers in the pool

[wanton rose]

Does the SLP pool also decrease by 3% a week, or is it different from single staking? Thanks!

[autumn cloak]

They are both the same as far as I am aware

[wanton rose]

So have they decreased by 3% today already? (Every sunday?)

[brisk surge]

The number of tokens distributed drops 3% every 2 weeks. The APY on the SLP pool is based on a bunch of different prices of things.

[wanton rose]

Ah gotcha

[cursive gyro]

Okay now I copied it in my own excel and tried it... I am not understanding something about the scale... isn't 80 Gwei the same as 80/1,000,000,000 ETH? (1 GWEI = 1 billion ETH).
If I scale this up to go with 1 billion GWEI (one ETH) I would be having an insanely high amount of transaction costs, much higher than the cost of 1 ETH.

I think I am missing something... is 1 billion gwei = 1 ETH?

[brisk surge]

Like if ILV doubled in price against ETH the APY would be over 1000%
So look forward to that after the trailer potentially.

[livid light]

get the rewards and stack the coins!

[wanton rose]

Oh for sure, thanks a ton.

[strong verge]

where can i find how much of the circ supply is staked and how much of that is in sILV?

[livid light]

the illuvium dashboards

https://www.coingecko.com/en/coins/illuvium

[strong verge]

awesome thanks!

by my calc 590k+ ILV is staked!! wow! there is almost no circ supply!

[livid light]

Total supply is 7 million, circ supply is 634k

[strong verge]

yep, exactly, 90% of circ supply is staked!

[hollow kelp]

What?

[sand cloud]

Total amount staked also includes eth paired in the lp token and claimed ILV rewards afaik

[strong verge]

ah i thought it was single ILV staking pool.

[sand cloud]

It gets a bit harder to do the exact maths

[strong verge]

i just divided 332.8M / 570 (current ILV price). hence the outcome of 590k+

might be cool to show how much of the circ supply is being staked!

[livid light]

I think it also shows they have 3 million in tokens for rewards so not sure if they count that in "supply"

[dark bear]

Can anyone confirm if I go to withdraw from the AXS flash pool, do I have to pay for 1 or 2 gas transactions?

[livid light]

It should be one for withdrawal, other pool was

[dark bear]

Which one was that?

[livid light]

SNX

[dark bear]

Thank you ❤️

[elder dawn]

Current circulating ILV staked is 485,543 between the two pools. 290k in the ILV, 195k in the SLP. I track it on my dashboard which is the top link pinned here.

[eager fractal]

don't think i saw any replies to your question mate - but in short, given the gas fees, this is not an investment that is worth dollar cost averaging into. Set aside how much you want to invest from the start and lock that in for max yield. APY reduces over time

lump sum rather than DCA, due to high transaction costs

[cursive gyro]

Yeah thanks. The thing is for a uni assignment I need to look for if there is a minimum money requirement, or barriers of entry for staking. Also the "optimal investment" and "try to estimate" (with probably lots of assumptions) the expected return

[cursive gyro]

The high transaction cost is a good point thanks. That is because of the Ethereum network, right?

[eager fractal]

in that case mate Deraji probably already did a sizeable portion of your homework for you.
Check out his vid and corressponding google spreadsheet - may be sth you can work off.
https://www.youtube.com/watch?v=64rf_ja61Xg&ab_channel=ILVFi

[cursive gyro]

Oh thanks a lot

[strong verge]

awesome! i don't see the pinned message. can you tag it please?

[rich junco]

PSA: It's not worth claiming SLP rewards below 4 ILV. Trust me

[sacred cosmos]

how much was gas?

[rich junco]

I paid $54 total

[silent cedar]

ETH mining fees?

[autumn cloak]

I mean that’s still pretty good; you are claiming 97% of the rewards minus the gas

Actually nvm I misread your message; you said below 4, not 4

[rich junco]

Im not sure what you mean by 97%. I claimed 2.27 ILV reward and I am earning less than 1 cent per hour

[autumn cloak]

I was going off you having claimed 4 ILV. (563)*4 - 54$ gas still equals over 97% of the reward

[rich junco]

can someone smarter than me calculate this? What is .00038 ILV worth right now?

[autumn cloak]

Assuming the bot price is correct, $.21

[silent cedar]

1 ILV = 562.87

562.87*0.00038=0.2138906

[rich junco]

Thank you! So for my 2.27 ILV reward that is now earning $.07 per hour. pretty terrible. I now believe that Excel calc someone else put out

[autumn cloak]

Do you just mean like for yield rewards?

[rich junco]

So its my SLP reward. But now its in the Core ILV pool

[autumn cloak]

Ah gotcha gotcha. Yea core earns a lot slower than SLP. I saw the same thing after my first claim

[rich junco]

I mean im not mad or anything its just not worth it to do anything less than 4 ILV vs even the lowest gas fees

At least it starts the unlock faster

[autumn cloak]

I’ve just been following the ‘only claim once gas costs less than 1% of the reward’ rule. I don’t really care how much yield I get off of it, I just want it staked for when revdis comes into play

[rich junco]

Ive heard other people say that too. Prob a good rule to follow. If I followed that rule I would have only paid $12 gas 🤣

[rich junco]

Whats revdis?

[autumn cloak]

All profits from sales in the ecosystem gets distributed back to stakers

[rich junco]

Would it matter what pool its in? like if I keep it in SLP will I recieve less than claiming periodically

[autumn cloak]

There are definitely better and more detailed definitions out there lol

[autumn cloak]

So SLP will always receive less because it isn’t all ILV, half is in ethereum

[rich junco]

Oh wow. When does revdis start?

[autumn cloak]

As soon as we start sales. So the first big one will be the land sale, but we should be getting some small amounts maybe this week from the death road partnership

[rich junco]

Hmm thats interesting. So are you claiming rewards now based on those coming sales? Or waiting right before they go live

[thin hound]

Wait so what is the point of staking?

[autumn cloak]

I’m probably going to wait a bit just because my gas to reward ratio is to high right now

[rich junco]

You earn token rewards for locking your tokens in a pool to provide market liquidity

[rich junco]

Do you know when land sales go live?

[autumn cloak]

We don’t know yet; predicted to be sometime between the end of this month and early November

[rich junco]

Shit I hope they give us a heads up. Would prob be worth it to claim rewards before it happens

[autumn cloak]

We will def know in advance

[thin hound]

Can you help me understand how it provides market liquidity?

[sacred cosmos]

Revdis wont be dropped in one go. Its going to be done in tranches so as not to manipulate the price which also mean our shares will be trickled in too

[rich junco]

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

[thin hound]

Thanks!

[rich junco]

What do you mean our shares will be trickled in too?

I really dont know. Happy to learn

[autumn cloak]

He just means they will pour it in slowly as opposed to all at once. It’s kind of like a salary. Instead of getting the entire salary at the beginning of the year, you get paychecks every few weeks in smaller increments

[rich junco]

But those paycheck im assuming will be based on the total amount of ILV they snapshot at the time ya?

[autumn cloak]

I would assume so, but not sure

[sacred cosmos]

Should be. Also just assuming here. But the council might approve some sort of timing release in the future that might affect it.

[rich junco]

Where can I read more about the revdis? Is it in the whitepaper?

[thin hound]

so what are the risks with liquidity mining?

[sacred cosmos]

Its on the whitepaper but you can also watch this https://youtu.be/QY_NQeNVfsI

[sacred cosmos]

impermanent loss

[verbal sphinx]

Mainly if the price of ETH and ILV were to grow apart by too much. Then you would potentially lose value when converting back to ETH and ILV.

Check out the pin comments on impermanent loss to understand the risk of it

I think it's worth the risk to stake it, but you do your own research and come to your own conclusions :)

[sacred cosmos]

You can use the staking calculators to minimize your risks as well

[rich junco]

@thin hound I agree with both of them. If you ever stake in a 50/50 liquidity pool you should be very bullish on both tokens

[thin hound]

Ok, thanks for the info! @sacred cosmos @verbal sphinx @rich junco

[iron glen]

hey guys, can I check that if I claim ILV rewards from the sushi LP pool, my ILV rewards gets staked into the ILV pool, and that there will be no option to stake it in the sushi LP pool instead?

[rich junco]

Thanks for this. Just watched the whole vid. It sounds like we only earn revdis on vested tokens. That being said I feel like I need to invest more before the 2.0 weight is gone lol

[rich junco]

No option to stake back into SLP pool. I wish haha. It either goes to ILV Core pool or sILV which is unlocked depeneding on your choice

[iron glen]

Haha awesome thanks for the reply

[sacred cosmos]

2.0 weight will still be there in V2 staking. Its just that you need to stake longer an additional year to be exact to achieve the same weight.

[cyan plaza]

Hi going to stake a bit more SLP.... If I understand the process I need to claim my current rewards first?
Is there a posting/video on this that anyone knows of?

[sacred cosmos]

Yes. Youll need to claim your unclaimed rewards before you stake more SLP. So theres going to be two transactions within which you pay gas fees. You might want to check the pinned messages here or watch the staking videos of vetemor deraji chris the illuvial. Lots of informative videos on youtube. Lastly, keep an eye on the gas fees. Youd want to time it right to minimize the costs

[rich junco]

I heard but why in the world would you stake longer for the same weight if you didnt have to

You are already basically staking for 2 Years total with your initial SLP

[sacred cosmos]

Of course its better to stake it now before v2 starts if thats the goal. Some people here are in it for the long run as well. Longer staked = more rewards and revdis anyway

[rich junco]

Yeah but we will make less after V2. Im hoping for a dip back below $500 in the next week to reinvest

[sacred cosmos]

Not sure I follow. How would we make less if its staked longer?

[rich junco]

Before V2 = 2.0 weight after V2 = 1.5 (maybe less I cant remember exact difference). This will be a huge difference in rewards

[elder dawn]

If you are staked in v1, you can convert to keep your same weight in v2. It's a benefit to early adopters.

[rich junco]

Thats my point. To stake before V2 goes live

[sand bluff]

hi guys, I want to stake a small amount ILV, what if I want to reinvest more? says I staked 5 ILV for 12months, then I want to stake 10 more for another 12 months. will they stake together?

[fresh grail]

Each time you stake the vesting period will be from when you lock each time. They will still show up together on the dashboard, but when you click on the vesting tab you can see each batch of stakes and claims

[sand bluff]

so the period is calculated separately ?

[fresh grail]

If you lock at different times yes

[sand bluff]

Thanks, I will do my first stake today👍

[white mirage]

Is this the correct contract for sILV? 0x398AeA1c9ceb7dE800284bb399A15e0Efe5A9EC2

[brisk surge]

Got some tokens unlocking December, if V2 staking was to happen, any chance I could relock those for 12 months to get 2.0 weighting? Or has there already been a discussion regarding this?

[mint cave]

!contract

[woven ibex]

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

[white mirage]

Can you give a good explanation of why people are selling sILV for such a discount?

[gloomy gazelle]

Aaron is rewriting v2 IIP. It will include that option I believe.

[brisk surge]

Thank you, that brings me so much relief honestly 🙂

[mint cave]

some people are selling their rewards as sILV and then reinvesting that into SLP for high returns

[gloomy gazelle]

Would restart the 12 month countdown at the time of migration I think.

[mint cave]

it's a risk, but it could pay off long-term

[gloomy gazelle]

Now he’s telling of all the best moves.

[mint cave]

😄

[gloomy gazelle]

Lol it’s Risky for sure but could pay off.

[mint cave]

it only works in medium to high amounts, as you must consider gas fees eating into your profit

[white mirage]

Ahh, so rewards you claim are in ILV core staking, but they want higher rewards from SLP so selling sILV at a discount to buy SLP and get higher rewards.

[gloomy gazelle]

Yeah can’t be a little.

[mint cave]

and you are temporarily reducing your revdis share as well, if land comes out and is huge - you could receive less revdis

[mint cave]

that's definitely something to consider

many possibilities, no telling the future 😆

[gloomy gazelle]

Maybe waiting to turn the sILV into slp until closer to the land sale… prices would get closer maybe

[elder dawn]

I've done math on the sILV to SLP strategy (of course). Not planning to share that sheet as it has a lot more unknowns than the current sheets. It certainly makes sense for bigger stakes for now, but only for a limited time. The two places it breaks down for my level are (1) missing revdis for quite a while over just claiming ILV, and (2) tax implications of selling rewards. Not worth it for me.

[gloomy gazelle]

Those are the many rubs.

[granite halo]

I feel like.... staking rewards are going down soo fast. Does it just seem that way because Eth is mooning while ILV is only going sideways? Like a week ago we were at 600% APY.

[gloomy gazelle]

That’s not it

[elder dawn]

Honestly, I think a lot of the reward drop is the sILV to SLP strategy. Volume has spiked in the last couple weeks of staking into the SLP. The reward drop is real, not just ILV price movement

That's part of why this is a finite strategy. The more people do it, the worse it is to sell sILV at 40 cents on the dollar.

[obsidian nebula]

just confirming i have this right. revdis is payed in unlocked ILV. meaning there is no vesting period for thos rewards?

and where is revdis going to be distributed? the dashobard? or my metamask wallet?

[gloomy gazelle]

Dashboard of https://staking.illuvium.io/ or somewhere there.

[obsidian nebula]

and it is unlocked on distribution?

[cunning perch]

Yep

[gloomy gazelle]

Yeah you claim it and it goes to your wallet.

[obsidian nebula]

cool. thank you

[topaz ridge]

how many ilv is minimum to stake?

[gloomy gazelle]

There is no minimum. But you’ll want to have enough for it to be worth the gas costs.

[topaz ridge]

where can i check gas price?

[gloomy gazelle]

#🥩〕staking message

!gas

[woven ibex]

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

[knotty river]

:fuelpump: Current gas prices

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

87 Gwei

Average :person_walking: | **3 minutes**

87 Gwei

Fast :zap: | **15 seconds**

88 Gwei

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

[gloomy gazelle]

Gwei is not low at the moment.

[gleaming brook]

And I will just stake it again 😅

[brisk surge]

Boi, I'm seeing $560, can it go any lower? 🧐

[cunning perch]

We are $30 down from yesterday. But let's keep price in #💰〕token 😄

[brisk surge]

Oh, sorry 😆

[clever swan]

but how is the liquidity for eth/silv? if it only makes sense for bigger amounts than selling that amount of silv could drive down the price if there isn't enough buying?

[cunning perch]

Sushi is out of liquidity afaik, but Uniswap still has. I guess by land sale sILV pool might get drained

[clever swan]

I mean ppl claiming silv and then trading it for eth and then ilv to do slp. If it only makes sense for large amounts and there's a lot of slippage, you could drive down the price of your silv as you dump it.

[cunning perch]

Well that's why it makes sense if you have tons. One or two would be a total loss tbh

[cyan plaza]

Hello, okay I have some SLP to add into the core pool.
What will happen if I do not take my current rewards?

[clever swan]

I don't think you're understanding my point. If you claim 500 silv and try to dump it, it will drive the price down since I can't see a big market for it. So it probably doesn't even makes sense to do it at that scale.

[cunning perch]

Yes price-wise sure. But if you need fast liquidity, in a sense, sILV is free money that your ILV is making you. Yes it is the same value of ILV, but knowing ILV would be much more expensive to buy in the future, many don't wanna lose the SLP APY. But ofc, selling it will push the price lower, but by land sale the price might be close to that of ILV as well.

[cunning perch]

Nothing. They will sit there idle and you will never receive them unless you claim them so they start their one-year vesting (being locked)

[clever swan]

yeah I'm only considering the scenarios if you wanted to claim silv to trade for eth/ilv to stake slp.

[cunning perch]

Yep. Lots of scenarios with ETH/sILV being one of them. Would be interesting to see what will happens by and after the landsale

[cyan plaza]

Okay, so I still get them (in the future) but can take them when it is better with gas, etc....
And then from this point the amount of rewards is increased proportionality...

[clever swan]

it would make sense for the team to somehow reward the ppl claiming silv instead of making it equal in dollar mount to eth when purchasing land?

[cunning perch]

!claim Yep. You claim, they will be locked for one year while generating more rewards for you. You can read this in details:

[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.

[cyan plaza]

Great, thanks. Why is it recommended to take them before staking more then?

[cunning perch]

Nah. sILV pool is not authentic and is unofficial and not tied to anything or anyone. Ppl have to make a choice whether to interact with it. We have always known this would happen as anyone can make a pool.

[clever swan]

interesting

[cunning perch]

Don't claim if you are about to deposit a new stake. The latter will claim them for u.

[cyan plaza]

Okay. So I have some rewards now. But I want to stake more... so I can/should just stake more now, and use the calculators to figure out when to withdraw? Got it!

[cunning perch]

Yep. Just stake it and it'll claim your rewards too. Enjoy

[cyan plaza]

Does $110 sound right for the stake/claim?

[rocky mica]

Hey guys, new here. Looking to get into the staking game but had a few questions.

1. Regarding rewards, why is there a 12 month vesting period until you have access to your newly acquired ILV?

#Newbie

[cyan plaza]

There is a way to get tokens immediately, those are sILV, but can only be used in game...
This video has good information on the total picture of the tokenomics. It might help with some questions you have...
https://www.youtube.com/watch?v=6CnaPDb9OOc&t=955s

[rocky mica]

Legend. Thanks for that

[inner cove]

when i wanna add more to the sushi pool, can i just do this or do i have to claim the rewards for my shares there first? or will the current rewards be claimed automatically when i add more?

[cyan plaza]

I just went through this. 🙂
The rewards you have will get claimed during the staking process.

[blazing dew]

I’m trying to stake but don’t have the money for the gas prices 😭

[inner cove]

ah okay, thx, then i better wait some more days to justify the gas price…

[cyan plaza]

Could be right! I went for it today so I could get the compounding benefits started earlier.... I hope that will offset the prices down the road.

[frozen oyster]

is revdis for the drace ilv skins going to be distributed within the coming weeks or will it just be an addition to landsale revdis then given out as a lump sum when landsale revdis comes?

[sacred cosmos]

No information about that. But most likely itll be done before land sale so that the devs can see the first use case in action before implementing it with the bigger revenue coming from the land sale.

[frozen oyster]

great ty, will we see revdis in rewards tab?

[sacred cosmos]

I personally dont know. I hope they do so that we can track it otherwise it would be hard to differentiate it from the usual staking rewards especially if the amount isnt that much for us planktons and shrimps lol

[sand cloud]

Wish we could get some information about it already 🙄

[lethal crypt]

Noob question, I try to withdraw my staked AXS and it says I first need to claim my ILV rewards which is less than $2 with $85 of gas fee, will my AXS withdraw directly once I claim the rewards? Or it will be another process with another gas fee?

[lost light]

hey guys, my metamask has been hacked. I have staked my ILV until december, is there any way you can release those tokens to a different address as the current staking address in the contract has been compromised and i know there is an automated bug in the account which withdraws amounts as soon as it hits in the account. i can provide you with any account details and transaction proof. thanks

is there a way to change my ilv staking address or prevent the funds being released when the staking is over.

[brisk surge]

You cannot change or unlock your staked balance.

[mint cave]

there is no function to do so either

[quiet hatch]

Do we know where we will be able to "see" the revdiv, is there a section in the dashboard for this (separate to unclaimed yield)?

[lone sandal]

How did you get hacked? Did you give your private key?

[cunning perch]

#💬〕general message

[quiet hatch]

Nice okay, so not this time, but soon it'll be in a separate tab, awesome :)!

[cunning perch]

We'll see. I'm sure if there's a perfect way to show it, ILV will.

[cunning perch]

And to confirm #💬〕general message

[quiet hatch]

Niiiiiiiiiiiiiiiiiiice 💪

[lethal kite]

Hi @cunning perch , if I have rewards in both SLP and ILV pool and to claim, I will need to 2 x gas right?

[cunning perch]

Yep. Claiming SLP should trigger both claims and therefore 2 transactions

[lethal kite]

Ok. If I claim just ILV pool? Just one time right? Maybe I let the slp pool grow more.

Also about SLP pool value, it is eth + ilv / sushi token value right? Mine is small at 1.6 only hah.

[cunning perch]

Should be, yeah. You can check SLP price on Zerion.

[lethal kite]

So after yield farming has concluded after 3 years, what can I do with the sushi token? Sell it?

[floral widget]

I think yield farming won’t stop … you just don’t get emissions but only revdis if I am not wrong?

[cunning perch]

It’s your choice. You can convert it back to ILV and sell the remainder ETH to ILV and stake for RevDis, but to get a 2x weight you again have to lock for 2 years.

[lethal kite]

What is the name of this particular sushi pool token? Eth/ilv?

[cunning perch]

SLP

[lethal kite]

https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda, this one I guess.

[cunning perch]

In 3 years Liquidity won't be a problem as many tokens are unlocked so there won't be a need for SLP. You can do what I said above

[cunning perch]

Yeah that's it

[lethal kite]

After the 1 year, I just unlock the token and sell it right or I can leave it in?

[cunning perch]

After one? Sure. If it's unlocked you can convert, or you can migrate it to V2 if it's implemented by then to get more rewards andRevDis without having to lock for 2 years

[glad oyster]

@cunning perch if you staked now until October 2022 and the V2 comes out before that.
I must wait till October to unlock and migrate + i will keep the 1 year lock forever?

[cunning perch]

When V2 is implemented, it will need all the unlocked tokens to migrate there to be eligible to receive RevDis, YF rewards. When then do move to V2, they will keep the weight and will be unlocked. (this is for 2Xs) if your tokens are not with a 2X weight, and you want 2X, then you will have to unstake, and are-stake for 2 years

[glad oyster]

@cunning perch mine are currently staked for max weight until October 2022
If i keep until then, i will have 1 year stake also in v2?

[cunning perch]

When you migrate later in Oct 2022, you will keep the weight and your tokens will be unlocked. There will be no locking for the ones already undergoing being locked for max weight

[cunning perch]

Not shortly. Whenever your yearly lock is unlocked, you can migrate your tokens to V2 to be eligible for RevDis and YF rewards @floral widget

[manic spindle]

@orchid ether I deleted that link. No context and no activity on this server so far - looks shady and we're very cautious here when it comes to people postings links.

[swift stream]

so hey guys
i got some ilv on my binance account
anyone know a good guide on how to use metamask to send it to the ilv staking pool?
i havent ever used metamask so far..

[sacred cosmos]

Try these links:

https://youtu.be/DktsEdU8bm4
https://youtu.be/62AsyR-cNxE

[granite meadow]

Hi guys, if i claimed the ILV from rewards. it will automatically stake in the ILV pool.

Means I can't add ETH and use those to swap > LP token for LP pool correct?

[final steppe]

This is correct.
You'll only be able to pair the claimed ILV with ETH and stake in the SLP pool once the ILV is unlocked after that 12 month vesting period 🙂

[swift stream]

Holy shit
Didn't expect such a specific example
Many thx!

[sacred cosmos]

NP enjoy going down the rabbit hole 😉

[manic spindle]

No because claimed ILV as yield farm rewards are locked for 12 months. No chance to take them out currently.

!silv Nope 🙂

[woven ibex]

sILV is a substitute currency that can only be gained as yield when staking ILV. In game, it can be used to pay for any fee (excluding IlluviDEX trades and Leviathan Arena wagers) that otherwise would be paid for with the main currency ETH. The value of sILV in the game - and for possible sales where sILV is allowed - will be equal to the value of ILV.

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

[left shore]

WIll we have to pay gasfees to get everything in the V2 staking?

[cunning perch]

Yep. It’s still done on a smart contract

[pine sentinel]

Hi team, there are any chance to "buy" siLV at any exchange ???

[manic spindle]

You can see here where it trades: https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2#tokenTrade 🙂

[next ruin]

Yep, there's a pool on Uniswap. You can buy there or via an aggregator like 1inch. You'll have to search the contract which is pinned here and in #💰〕token

[pine sentinel]

Thanks !!!!

[left shore]

i mean to trasfer from v1 to V2, ad hi Arash, back for my daily questions :p

[covert sage]

why isn't ILV showing up in zappier right now.

[silver nebula]

It's showing up for me

[cunning perch]

Yep. V1 to V2 needs gas 🙂 Hi back

[hidden comet]

Does anyone know when you provide liquidity on Sushi and take that LP token and stake it on Illuvium then am I still earning trading fees on Sushi?

[autumn cloak]

I don’t believe so, at least I haven’t noticed any

[next ruin]

Yes, the LP fees will accrue and be reflected in appreciation of the SLP token price.

[autumn cloak]

Oh really? I thought once we staked it we wouldn’t get anything from sushi?

[hidden comet]

How can I tell if I am earning from trading fees?

[next ruin]

Fees simply from providing liquidity on Sushi aren't much. Apps such as apy.vision and others can provide some insights and breakdowns. Your SLP tokens represent your share of the pool and fees go into the pool. They aren't tracked separately like staking rewards. If everything else stayed the same, you'd see the price of SLP slowly rise to represent fees to liquidity providers.

[autumn cloak]

Ok cool. Thanks for clearing that up

[agile fiber]

Anyone here claiming rewards in sILV and selling them? I'm wondering if thats a better strategy: claim sILV, sell on market, use proceeds to buy more SLP. Rinse & Repeat.

[next ruin]

Keep in mind how much gas you'd be spending. Not saying don't, but it probably has to be a large stack to make that worth tbh. Gotta do the math. No way it is worth it for my shrimp ass. 😆

[gloomy gazelle]

#🥩〕staking message

[agile fiber]

Weather I claimed ILV or sILV, would be paying gas fees on a weekly basis for me right now. I can really only see claiming sILV, selling it, and buying back SLP worth it in the short term while the SLP APY is 500%+

[gloomy gazelle]

https://tenor.com/view/ilv-nfa-taalik-tiktaalik-illuvium-gif-23319446

There’s some discussion around that loop up there.

[junior cargo]

I want to withdraw my SLP then restake as locked. Do I need to claim rewards first or can i just withdraw/restake then claim the rewards after?

[next ruin]

I think the withdraw will force a claim. I would not claim manually.

[junior cargo]

Cool thanks. As long as I dont lose it then ill try that.

[next ruin]

Yeah, you won't lose it. I'm 99% sure it will force a claim at withdraw, if not it will stay in pending.

[mystic thorn]

you have to claim your rewards before

[meager prairie]

Has there been any speculation or thoughts regarding how quickly and or how low the slp % will drop and by what rate? Just off the top of my head I think it's traveled from 650% down to the low 500s since mid August ish? Or are there just way too many metrics to even predict.

[cunning perch]

It's purely speculative and totally dependent on the market and the number of ppl joining/exiting tbh.

[meager prairie]

That's what I though... thank you

[grizzled kindle]

Hey there If i withdraw silv can I swap it to eth

[cunning perch]

you can do it half price on Uniswap.

[grizzled kindle]

By half price you mean cheaper swap fees??

[dense relic]

he means at a ratio of 1:2 ILV:sILV (essentially). The value of sILV on uniswap is much lower than the price of ILV

[cunning perch]

no. sILV is being traded at $230 on Uniswap atm.

[dense relic]

**Mind you, that's ONLY worth doing if you are going to put more into the SLP pool. Otherwise, obviously it makes more sense getting ILV. (Unless you need to pull value out early) -NFA but I think ILV is worth going long on

Also, I feel it's worth mentioning that sILV in game will be 1:1 with the value of ILV

[grizzled kindle]

Yeah

[dense relic]

Which just means essentially, as the price of ILV gets more and more and more expensive, stakers will need less and less sILV to play the game at whatever level of activity they wish.

[cunning perch]

Not on topic. Ask it in #799010390201466880

[grizzled kindle]

Whoops

[obsidian nebula]

this is my understanding:

your option if you want to re-stake ILV rewards in SLP is to claim it as sILV and then swap it (at a loss) for ILV and then match that with ETH to stake in SLP

also ILV distributed as revdis (when that starts) will be unlocked and not need vesting. so that ILV can be matched and staked right away in SLP

[gloomy crater]

hi everyone, i am new to this world of cryptocurrencies and staking, sorry for my bad english i hope someone can help me. i have 0.29 ilv staking in ilv pool for 1 year. I know that there are very few, but since it was the first time and I didn't know what I was doing I tried. reading and informing myself better, I realized that perhaps there are so few that over time I will lose more money than I invested because it is not worth claiming (especially frequently) for the gas fee. but if i don't claim i can't put them into vesting. what is the minimum amount of the ilv to stake to make it worth? i was wrong to put 0.29 ilv into staking? Should I stake a bigger amount now? or should I just wait and see what will happen?

[autumn cloak]

Somewhat correct; I do not believe there is a direct swap for sILV to ILV, so you would need to swap sILV for ETH and then ETH for ILV. Everything else I think is correct

[cunning perch]

Hey. You can DCA (Dollar Cost Average) on a CEX (like Binance/KuCoin) and when you have enough, you can stake. The new stake will also claim your rewards as well (like killing to birds with one stone) so you wouldn't have to claim manually. But this is a one-time action. If you want your rewards, you will have to claim. For your stake, gas would be destructive.

[brisk surge]

Is there any way to work out how many ILV I will make in rewards from the ILV I’ve locked up for 12 months at 2x ? Or is that fairly impossible to do as APY keeps dropping every 2 weeks ?

[cunning perch]

Very speculative as you said the APY keeps dropping. There are IFs however. you can go through the pinned messages. I believe you might find the content useful.

[brisk surge]

Thought as much 👍🏼 are staked coins in the locked format eligible for REVDIS if locked until next September and game is live before then and generating income through the DAO?

[autumn cloak]

Yep. Any token staked locked or not is eligible for revdis

[cunning perch]

As long as you are staked, locked or otherwise, you will get RevDis/YF rewards. This is until V2 is implemented. Then when unlocked, if you still want to receive RevDis/YF rewards, you will have to migrate them to V2. They will keep the weight and will be unlocked as well.

[brisk surge]

Smashing ! Thanks a million! This discord is superb I have to say. Some many knowledgable people here! Every days a school day. Rewards I’m assuming on the REVDIS will be in the form of ILV? will they be paid out daily/monthly/ quarterly or annually and subject to a lock up period ?

[next ruin]

Current plan is to pay out several times a week and they will be unlocked ILV

[cunning perch]

No worries. Glad you are happy 🙂 Yes they will be in form of ILv and will be unlocked to be claimed (or perhaps directly staked) and will be paid several times a week at random

[gloomy crater]

Okay thank you 🙏 as I thought I f****d up 😅

[autumn cloak]

Yep! Paid out in ILV. They will be paid out in kind of random intervals a few times a week. And they will be unlocked

[brisk surge]

Excuse my ignorance as I’m only an ILV Holder 3 months but V2 refers to what exactly ? Sorry I’m advance if this is a silly q

[cunning perch]

No you didn't. You learned something new. Now you know what to do. Next time you will make a better plan.

[next ruin]

There is a proposal for version 2 of staking - this will make a few changes, but primarily is designed to make transactions more efficient and require less gas among other things

[brisk surge]

Any timeframe on this do you know ? Or has it been confirmed when? All my ILV is locked up until July / august 2022

[cunning perch]

V2 is a proposal, but will most probably be voted positive and the team is already working on it. By next July (since you mentioned it) it will probably be out and functional

[autumn cloak]

It should be ready before next July though right? I thought I heard maybe by the end of the year

[cunning perch]

yeah. I said July cuz his time frame was July 🙂 V2 might be out in a couple of months. Should have used Future Perfect haha

[autumn cloak]

Ok just wanted to double check. Wanna move my stakes over to my ledger

[cunning perch]

Only unlocked tokens can be moved. 🙂

[brisk surge]

Just trying to figure out how to make the most of the ILV I have when they become unlocked and make sure I never miss out in REVDIS in the future as I never play to sell my holding. I know nothing about the gaming side but as a business opportunity I can’t see any better ones out there based on the research I’ve done and the amount of ground we have to make up and take over from axie. Literally a 25x on that opportunity alone and this is from what I can see a far superior game

[brisk surge]

But unlocked won’t receive REVDIS will they if moved to ledger ?

[cunning perch]

Nice. Since you are staking for 3 months, you have entered in good spot as well. Enjoy the rewards cuz it hasn't started yet tbh. When V2 goes live, you need to migrate your unlocked tokens to be eligible for the continual of REvDis/YF rewards. Don't need to be active, but keep an eye on the Discord and Announcement and ask question and we'll update you.

[cunning perch]

When unlocked, as long as you migrate them to V2, they will receive REvDis/YF rewards. IF you don't migrate, they will stop receiving anything.

[brisk surge]

Absolutely ! 55 ILV and buying DCA every month … rewards racking up .. jigsaw is coming together nicely

[cunning perch]

TO DA MOON. 😄

[brisk surge]

And then to the end of the universe after refuelling 🔥🔥👻

[cunning perch]

Your RevDis will probably be enough to sustain your life. Take it, stake/enjoy it. 🙂 NFA

[brisk surge]

💯 invest / stake / forget / repeat

[brisk surge]

does this mean staked ILV does not receive revdis?

[next ruin]

Once V2 rolls out, you will have to migrate your stake when it unlocks to keep receiving RevDis.

[brisk surge]

dang im locked for a year

[cunning perch]

as long as you are staked, you will receive it. After the implementation of V2, if you want RevDis, you should migrate your unlocked tokens there.

[brisk surge]

Me too 🤦🏽‍♂️

[next ruin]

You're good. While locked you will receive RevDis. Only need to take action when it unlocks to keep getting RevDis

[brisk surge]

OH okay that makes more sense

[brisk surge]

Yipeee 💥

[cunning perch]

You will keep receiving it even on V1 as long as you are locked. relax 🙂

[quick sorrel]

Hi. What is DCA?

Dollar-cost averaging (DCA) ?

[cunning perch]

Yep

[quick sorrel]

Thx 👍

[brisk surge]

I’m in Europe so it’s ECA 🔥👍🏼😘

[obsidian nebula]

When and how will revdice from the DRace skins be distributed?

[autumn cloak]

Not known as of yet, but I would guess sometime in the next week or so

[proper lion]

Hi, I bought a few ILV a couple of months ago but I was traveling at the time and really didn’t put too much effort on understanding staking and other options. What is my best option if I plan on holding and what are the rewards?

[autumn cloak]

With just holding the token, there are no rewards. If you want to get rewards you would need to stake. Here is a good video by Vetemor going over all of the intricacies of staking ILV: https://www.youtube.com/watch?v=7T2WzeXWC4k

[muted moth]

https://tenor.com/view/ilv-goku-illuvium-spirit-bomb-gif-23251509

[brisk surge]

!staking

[woven ibex]

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

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

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

[brisk surge]

the video at the end is a tutorial if you decide to stake

!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

[astral osprey]

If you claimed your rewards in ILV, do you have the option to turn them into sILV for land sale?

[eager fractal]

not directly mate, what's claimed is claimed. That said, you can always sell your ILV and buy sILV

[astral osprey]

thanks! arent they locked up for a year if they come from rewards?

[eager fractal]

ah yep, unfortunately they are..

[astral osprey]

got it. thanks!

[high valve]

hi guys im new to all this, is it normal that it "take time" to add liquidity on sushi swap,for me to get slp thanks for ur answer in advance

[gloomy gazelle]

It can take a few minutes. But much longer than that and the transaction will fail.

[high valve]

oh ok i tried 2 times allready and it failed each time when its more than 30min, shall i try later ? or am i doing smtgh wrong ?

[gloomy gazelle]

Do you know how to check etherscan?

[gloomy gazelle]

What gas gwei level are you setting?

https://www.youtube.com/watch?v=C6YugU4zZr4 this video could be helpful. Skip to the SLP part.

[high valve]

i put all in auto,im ver noob to all this,metamask do it himself i think i just click ^^

[gloomy gazelle]

Yeah gas price is jumping all over the place right now

!gas

[woven ibex]

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

[knotty river]

:fuelpump: Current gas prices

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

109 Gwei

Average :person_walking: | **3 minutes**

109 Gwei

Fast :zap: | **15 seconds**

110 Gwei

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

[gloomy gazelle]

You may want to consider waiting until gas prices are a little more level

[sacred cosmos]

I would suggest to track the gas fees to lower the cost. Also make sure you have enough eth to cover it.

[high valve]

ok thanks a lot guys, yeah i had enough eth, for my transaction and little more still in wallet

[gilded wigeon]

hoping for your advice guys,..i wanted to add my stake but try slp...im a small player and only have a budget for atleast 2 SLP..im thinking of waiting for the dip, just want to ask..if i stake now would the rewards be worth it than waiting for a dip and stake maybe a few days from now?? tthis maybe a noobish question

[brisk surge]

2 SLP is a decent amount. I would say that the rewards you would get are likely to outweigh any potential benefit from price swings. Unless of course you know for sure that there will be a dip in the near future.

[elder dawn]

How long are you planning to stake? Right now, you're missing 0.071 ilv per day flexible or 0.142 ilv at 2x weight. Of you $5700 investment, you'd expect $40-80 in rewards per day. If you can tell me where the market is going in the next couple days, I'd appreciate the heads up 😋

[sacred cosmos]

This is why Im in this community. Im bad at maths. Math god Deraji!

[elder dawn]

I'd rather be good at telling the future. The math says there's more money in that

[gilded wigeon]

I only have 2000$ to stake in SLP..just wanted to try coz i have a few in ILV..Yeah that's the problem, if it will dip OR breakout higher...all i can say is if the trailer go live this might fly even more

[elder dawn]

Okay, same outcome, it's up to you what you think the market will do. Fyi. 1 slp is $2880 right now, so you'll get only 0.69 slp, so you're missing $27 in ILV per day at today's price. Rewards are about 1.4% per day right now, but changes daily

[gilded wigeon]

I have 5 ILV in pool, 1 is flexible so im planing to withdraw it, and 1 ILV in binance..so 2 ILV in total, so all i need is the eth amount of 2 ILV to stake in SLP

i thought 1 SLP is = 1 ILV and eth equal to it right? i dont get it why its $2880 per SLP?

[elder dawn]

Nope, slp is it's own token and changes in value with the price of eth, ilv, the ratio of the two prices, and rises with swap fees. It is not pegged to ILV. You can see the current price here https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

Of the $2880, half is ILV and half is eth, so around 2.5 ilv and 0.43 eth per SLP

[hidden mountain]

Morning people! Could anyone point me in the direction of the est. yield calculator? Know ive seen one somewhere, thanks in advance

[elder dawn]

Lelahel's is the second pin in this channel. Mine uses the same platform, and you can find directions and the link on youtube. Search ilvfi there

[hidden mountain]

Thanks Deraji!

[gilded wigeon]

wow thanks for this, so i totally misunderstood the SLP haha..thanks appreciate it😁

[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

[gray jolt]

do i need 1 ILV coin to stake? or any amount of ILV will do?

[elder dawn]

You can stake any amount, just watch out for gas fees

[gray jolt]

how do i stake Sushi LP? whats the coin name, and where

[elder dawn]

Check out this video for the step by step. You need to add liquidity to the ILV eth pool on sushi. Watch this and see if it makes sense. https://youtu.be/C6YugU4zZr4

[gray jolt]

watching. thank you

[unkempt cape]

Hi Guys, what is your recommendation on How much should you stake?

Since low value staking is not recommended because of gas fee

[gloomy gazelle]

That’s a personal decision based on your ability to invest.

[unkempt cape]

How about 2ILV? Is that enough?

[gloomy gazelle]

If you plan to lock it for 12 months… I’d imagine it would be.

Watch out for gas fees

Maybe look up some videos on staking ILV from deraji and vetemor

[unkempt cape]

Yes gas fees are crazy right now

[gloomy crater]

Hi, why everyone use MetaMask? Can I use trust wallet? Is the same o is it more expensive?

[cunning perch]

You use whichever wallet that supports WalletConnect. Most use MM Web Extension connected to a cold wallet like Ledger to keep their tokens safer.

[sacred cosmos]

Does ledger nano x support ILV sILV? Planning to get one soon

[cunning perch]

You connect it to MM. I don't think they have updated it to directly support ILV, but when you connect to MM, it's MM that needs to support ILV, which it does.

[sacred cosmos]

Bueno! Thats awesome.

[solid dawn]

Is it okay to stake just 4 ILV?

[unique yarrow]

Does anyone know when v2 will be implemented?

[ember ginkgo]

I don't think the gas fee is gonna be worth it tbh but at the end of the ride it's up to you. You'll have to do the calculations

[solid dawn]

Around mid Oct or Nov

[solid dawn]

You mean the gas fees to transfer the sILV's inside the game?

[sacred cosmos]

It would be if (1) you stake long and (2) the time you stake the gas fees are low

[unique yarrow]

No official date announced yet?

[solid dawn]

planning to do a around 6 month period lock.

[sacred cosmos]

https://docs.google.com/spreadsheets/d/1eupQ4baU_GGR3WAk5fDrQI29O4jJcc_bd9ueaiPk-Gg/edit

Lots of calculators on the pinned messages. It will help you manage your exposures

[ember ginkgo]

You have to pay gas fee to claim staking rewards

[solid dawn]

was thinking, would let the rewards grow a bit then claim all the same time.

[solid dawn]

Great chart. I didn't know we could use SLP to stake. I don't see it in the website as an option as well.

[sacred cosmos]

SLP is sushi liquidity pool. its actually on the staking tab. Two types of staking.

[solid dawn]

Sorry was thinking smooth love potion. LAWL. blasphemous!

[covert dune]

hey everyone, quick question, appreciate your help in advance -> lets say that I am going to lock my ILV tokens for 20 weeks, then those 20 weeks end; can I prolong the "locked" period or will I have to pay the gas fees again and "re-stake" it?

[cunning perch]

Hey. You're gonna have to withdraw (gas) and again re-stake on a different smart contract (gas)

[covert dune]

thanks @cunning perch !

[left shore]

Arash, once i claim ILV, they compound for togheter with the stake for rewards. That is clear. But do they also already count for revdis?

[mint cave]

once you claim, they will count for revdis. pending(unclaimed) rewards do not receive revdis

[left shore]

how often do you guys claim? 1/month?

[livid marsh]

I like deraji's strategy of claiming each X amount of ILV. but my stake is so low that it takes a while 🤣

[left shore]

if my math is correct i should be at 4 ilv a month (doubled down since yesterday)

[fresh grail]

between every 3-6ilv and when gas is cheap

[left shore]

i have 4 different things going (staked at differents moments) it's going to cost me loads in gas .....

to transfer them to V2

[turbid drift]

Can you check the SLP pool to see what the ratio of ILV to ETH is sitting at?

[mint cave]

i use this to check:

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

[turbid drift]

Thanks man!

[short notch]

hey guys im trying to stake in the SLP but it says my balance is 0 even though i have 6. Is it because I already have 3 staked in the ILV only pool and I need to claim the rewards first or do I just wait a bit as its not long arrived in my meta mask

[vast grove]

Hi guys some question i have 100$ rewards for the staking, but i have to pay 100$ in ETH Gas to take it to my wallet

Any option to avoid this scam? Pretty bad business pay all the earnings in gas fee

[sacred cosmos]

Dont claim it yet. You only pay gas fees when you claim.

[vast grove]

So i can never get my profits back?

[mint cave]

wait until you generate more rewards - or wait until gas is lower

[sacred cosmos]

How long did you stake? Longer stake = more rewards.

[short notch]

any help on this guys? sorry im just trying to sort this before bed. 11pm here

[sacred cosmos]

Did you swap ETH-ILV for SLP in sushi already?

[void willow]

I know that you can buy ilv on binance but is it also stackable there?

[mint cave]

no, staking is done through the site only

https://staking.illuvium.io/

[sacred cosmos]

stackable meaning you accumulate there before you send to your wallet for staking?

[void willow]

Yup

[short notch]

ive just gone to the site with x amount of eth and x amount of ilv but when i click stake it says i have 0 balance

[sacred cosmos]

You can accumulate then once you have enough then you can transfer it.

[void willow]

Ah perfect thanks

[vague heart]

so whatever rewards we earn throuh flexible staking requires 12 month vetsing before it can be withdrawn? am i reading this right?

[mint cave]

if you choose ILV as your reward, yes. if you choose sILV it is in your wallet immediately

[sacred cosmos]

Ahhh! You need to go https://app.sushi.com/ and go to liquidity. You need to swap your ETH/ILV to SLP first then its SLP that you stake on the site

[sacred cosmos]

If you claim ILV, yes. If you claim sILV its not vested.

[short notch]

ok thanks i will look into it more now i know thanks. really appreciate the help why a stream is going on especially

[vague heart]

but sILV can only be used in game yea?

[sacred cosmos]

No problem! I would suggest you go to youtube. Loads of video on how to stake SLP that will give you the steps

[sacred cosmos]

Yes, earliest you can use it is during the land sale and when I:Z launches. But some here have been selling their sILV to realize profit already.

[mint cave]

in game yes, but also to buy land for illuvium zero, and illuvatars, probably could buy merch in the future from an official store...etc.

[vague heart]

thank you very helpful guys

illuvitars are the monsters?

[mint cave]

illuvatars are a PFP sale in the future

there won't be any pre-sales of any in-game stuff like the illuvials

[vague heart]

Oh.. so the illuvials are obtained through playing?

[mint cave]

yes

[sacred cosmos]

https://tenor.com/view/gotcha-catch-gif-14027322

[short notch]

does it sound about right to provide 6 ilv and the equivalent eth and to only receive 2 point something SLP tokens?

[steady trellis]

yes you can see the ratio here : https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

[sacred cosmos]

Yes. Cause of the price of SLP : https://www.dextools.io/app/ether/pair-explorer/0x13cf86f52d4a3000ca7349ce5cf107c248dfea81

[hollow kelp]

yea 6 ILV + equivalent eth is roughly 6-7k. That should be around 2-2.5SLP

[short notch]

cheers guys. Just covering all bases and going slow and steady making sure i dont fuck up along the way lol

[kindred merlin]

Hi all, anbody know what the multi-colored progress bar indicates under each "vestment" on the vesting page ?
Thanks

[gloomy crater]

Hi, is it better to buy ilv directly on binance , then transfer to the wallet and then staking, or to buy eth, send to wallet, swap on sushiswap to ilv and then staking? Anyone has a clear idea?

[wanton field]

less gas costs on the direct binance to wallet route

[plain stratus]

@queen mirage Continuing our chat from the #❓❗〕community-help channel:
You can't see earned ILV in Metamask as it hasn't hit your wallet yet - it will only show tokens that have hit your actual wallet like sILV (i.e. that can be sold now if you chose to).
The sILV gets created in some circumstances when claiming ILV, usually in tiny amounts. I think it's something to do with when your Core Pool and SLP Pool claiming has too long of a gap between their claiming transactions and/or if there's some fractional amount leftover.
It doesn't matter whether a reward was earned from ILV staking or SLP staking, and whether or not you still have those amounts staked. They all appear the same way on the Vesting page like in the picture and are vested for 12 months from the date of claiming. The only difference will be the icon in the Rewards column - i.e. Core Pool just shows the normal ILV logo, while SLP Pool shows the ILV logo with a tiny Ethereum logo over part of it.
If you can't see any ILV there, are you sure you claimed ILV and not sILV?

[tacit portal]

I have ilv in my MM wallet but illuvium page saying balance is 0,please help

[wind walrus]

Is your MM on BSC or ETH Mainnet?

[tacit portal]

eth

[wind walrus]

Is your wallet connected to Illuvium website?

[tacit portal]

yes

[wind walrus]

Is it staked or are you just holding? Are you looking at the Dashboard?

[tacit portal]

tried it n both my pcnd laptop no difference same problem

[tacit portal]

i want to stake it, rn its just sitting in my wallet

[wind walrus]

Have you tried to disconnect your wallet and reconnect?

[tacit portal]

yes many times

[wanton field]

input your wallet address on https://etherscan.io/ to check if anything funky happened (check all transaction types)

[brisk surge]

Hi, I'm having trouble connecting metamask in brave with ILV Staking website. on metamask moblie it is working. any known issues or recommendations?

Metamask is connected. Website loading forever.

[cunning perch]

If using mobile, make sure your apps are updated. If it didn't work, try using MM web Extension on PC

[brisk surge]

Mobile is working ok!

Brave browser metamask extension is not working

[cunning perch]

change the browser. Use Chrome or FireFox

[bronze wyvern]

Once we have chosen to stack with tokens loked for 52 weaks. When we will want to unstack them we will have to wait 1 year to get back our tokens right ? During that period will we still earn tokens ?
Or is it like one year without earning anything and waiting them to be unlocked ?

[cunning perch]

when you lock, you will get rewards. To actually get those rewards you will have to claim them. If claimed in form of ILV, it will also be locked for a year. if in form of sILV, it will be released to be used in game

[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.

[tired drift]

how much should I expect to pay in gas fees if Import around 100 dollars in eth from binance, swap half into ilv and add liquidity to the ETH ilv LP?

[bronze wyvern]

But when we choose to unlock the tokens initially stacked. We will wait 1 year unitill having them back no ?
I m not talking about the rewards here

I m wondering if during that year will we still earn rewards or no ?

[light gorge]

Gas fee doesnt depend on how much you swap or stake. I think if you wanna stake 100 usd gas fee will higher than you can stake maybe around 100 usd too

[tired drift]

yes, you just sign to farm for a whole year

[tired drift]

ahhh fffff it's so expensiveee

[light gorge]

Yes because you need to add lp first on sushiswap. If you just stake ilv maybe gas fee will be around 40 usd in total

[tired drift]

yess but considering both apy, I prefer to pay a hundred dollars in order to x4 my investment, rather than to pay 40 bucks and just get x0,2

small wallet problem hehe

[sacred cosmos]

been seeing .005 eth as the fee

[tired drift]

unterestinggg

[light gorge]

Maybe you should wait when gas fee relatively cheap like 10 am est i think

[tired drift]

okay thank you very very muchh

[floral widget]

If you are only staking $100 you might as well just keep the token in your wallet and wait for eth2.0 , gas will kill you, I.e gas if you stake the SLP is likely to be more than $100 and you will soon realise you cannot claim any rewards because the final amount is so small and you have to pay $50 to claim each time

[potent oasis]

anyone know if i cancel a transaction how expensive that is compared to just claiming ? i claimed the single pool first and when i try to claim the sushi lp pool i have to do 2 transactions

[cunning perch]

Canceling shouldn’t be costly. You can see if it costs you anything before comforming. Next time try claiming SLP to do the 2 Tx and not the other way around or it'll be 3 TX. Remember than you are receiving rewards ever 15 secs so there are always unclaimed reward in your ILV pool, however small

[potent oasis]

yeah i have to do 3 tx 😐

[cunning perch]

Wait a bit for more rewards to pile up and then claim SLP with 2 TX.

[rotund kindle]

Hey Everyone, I'm looking to add to my existing SLP stake, and have read that if I simply stake the extra tokens, I would have 2 stakes going (2 sets of fees etc) - My current stake unlocks in 2 days, should I withdraw my existing stake, then re-stake everything together including the new amount? What is the best way to add to an existing SLP stake?

[cunning perch]

Hey. If you are planning to lock for a longer term, waiting for the locked one to get unlocked, unstake it, pay two gas for claiming rewards, and then stake all together, might not be a bad idea. You'll have to pay a lot of gas for claiming/staking anyway. You have to decide what's the best case though.

[rotund kindle]

Thanks mate - that's exactly my thought, I originally staked for 2 months to test the waters, now I want to lock everything for 12 months

The gas fees themselves are less of a concern than having everything tied up neatly

[cunning perch]

yeah that's what I do myself. I like round numbers lol

[rotund kindle]

hahaha we would get on well then!

[rapid tapir]

Hey does someone have the link on dune.xyz for the Ranking of the most SLP tokens staked?

[manic spindle]

Not sure if that is what you are talking about: https://dune.xyz/xastor/Illuvium-Dash ?!

[rapid tapir]

Yeah i know this, but there used to be a ranking with the highest SLP balances

[manic spindle]

No idea about that one, sorry.

[granite halo]

Fcking A man. Can we please bring back 35 gwei gas? I have 4500$ worth of ILV and Eth I need to add to my current SLP stake.

[cunning perch]

Don't tell me you still haven't staked since the last time we talked 😄

[cunning perch]

you're BNB is killing me haha 😄

[granite halo]

Just sitting there calling my name"KamSensei, please stake me. Why have you left me here"?

"I am sorry ILV-Kun, I can't afford 100 gwei gas..."

Thing is I am losing 1 ILV a week by not staking. Should probably just bite the bullet tomorrow.

Does anyone know the exact process of adding to the SLP stake?(when you already have rewards and a previous SLP stake)

[sacred cosmos]

Sometimes it goes down to sub 40s. You just need to glue yourself to the chair and monitor it lol

[wind walrus]

Yep, just add more. It will claim your current rewards and create a second SLP unlock schedule

[granite halo]

Yeah my first SLP stake I did at 28 gwei like a week ago and it only cost a total of like 90$ to add liquidity, and stake.

So I just have to click stake in the SLP pool and it will take care of the other stuff for me?

[wind walrus]

Yep

[granite halo]

Awesome. Thought it would be super complicated.

[wind walrus]

It will force you to claim ILV core rewards as well so you'll have an additional TX but nothing you can do about that. It's just the way it is setup on V1

[granite halo]

Yeah that's fine. I just didn't know if I had to do it manually.

[wind walrus]

Nope, it's very simple. Just a few clicks and less ETH in your wallet. 🙂 But juicy APY

[granite halo]

Thanks a lot. Just gotta time it right.

[wind walrus]

Yep, for me it's best around 4-5AM in the USA. Normally drops to about 30-40 gwei

[next ruin]

https://tenor.com/view/chefs-kiss-french-chef-perfect-dish-excellent-food-perfection-gif-20341505

[autumn cloak]

Omg I love that. I’m gonna do that now

[shrewd pivot]

If I stake my ILV for 1 month(locked) would I be able to withdraw my original investment immediately when the month is over?

[fallow halo]

When you withdraw from a stake, can you claim both rewards AND original invenstment as sILV?

[mint cave]

yes

[mint cave]

no

[fallow halo]

So then what is the best way to go from ILV to sILV to be used in game

[mint cave]

convert your yield farming rewards into sILV

[fallow halo]

Not sure how to do this?

[mint cave]

when you claim your rewards in the staking UI, choose sILV instead of ILV as your reward

[next ruin]

Just claiming staking rewards as sILV. You could swap tokens on the secondary market to "convert" the ILV you hold into sILV, but there is no official way.

[fallow halo]

Does sushi swap do it? Want to make sure I can turn my initial ILV investment into enough sILV before the land sale

[mint cave]

no. it is part of the staking mechanism on https://staking.illuvium.io/

!staking

[woven ibex]

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

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

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

[mint cave]

if you are looking to swap ILV directly for sILV you can look up the sILV contract address on uniswap, i believe there is a pool there

[soft prairie]

Hi how long do I need to stake LINK for the flash pool?

[fallow halo]

Okay, and ETH and sILV will be able to be used equally within the game correct?

[next ruin]

Eth can be used for any transaction - sILV can only be used to pay the game (not other players) - so you can't use sILV to buy off the marketplace or place wagers.

[fallow halo]

Gotcha, thanks all

What sort of transactions within the game can sILV be used for if not wagering or the marketplace?

[elder dawn]

all LINK is staked flexible, so your only issue is how much you'll earn while staked. I'd encourage you to read my post in the #870290845612507176 on whether it's worth it given the current rewards. As of this morning, each staked LINK earns about 0.00005 ILV per day (decreasing daily), so for a lot of people, it's better just to buy ILV than participate in the pool.

[elder dawn]

Any transaction with the DAO - travel fees, shard curing, land auction. if it doesn't involve another player, you can use sILV

[fallow halo]

Okay. What if I want to change my stake from flexible to locked, will that cost a bunch in fees or is it easy to do?

[manic spindle]

Right now you would have to withdraw the tokens and re-stake them, so that would be two transactions 🙂

[fallow halo]

Dang

[brave needle]

The fact that for some people is better just hold ILV than stack it is gass fees? I think with 2-3 ILV from binance its viable staking a long period

[clear cape]

Correct, determines how big your bag is and whether the staking period you have will outweigh the gas transactions

[vagrant lake]

Flipped 425 ilv into SLP now earning ~2500 usd daily in ilv locked 4 mos. Wow

[frosty totem]

How many ETH? ^

[drifting elbow]

I guess eh sold half of his 425 of ilv into eth. then added liquitidy, and then also staked, so 222.5 ilv and 222.5 worth of ilv as eth

[nimble kite]

im new 5o crypto really just saw the game and wanted to be apart of it so if i buy the illuvium coin ill somehow be steaking and earning another curreny?

[next ruin]

https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac

[drifting elbow]

You gotta buy the coin, and then decide if you want to stake in the ILV only pool, or the sushi LP pool ( half ILV/Half ETH).
The sushi lp pools pays more, but is risker and has higher gas cost fees.
The ilv one pays less (still alot), is safer kinda and has lower gas

[loud anchor]

Where we can see the revdis from deathroad ?

[final steppe]

This distribution hasn't happened yet, as far as I know. But once it does, we'll likely see it in the staking dashboard... same page where we claim staking rewards, I assume. I believe RevDis is expected to have it's own section/tab on the dashboard in the future but I'm not sure it'll be separated before the Deathroad revdis

[crimson mango]

i wonder if there are any plans on opening staking on a L2 sidechain, god this gas fees are anoying ¬¬

[cunning perch]

For now the only major update is V2 which is gonna be implemented pretty soon afaik.

[crimson mango]

are there any details i can check about that one?

[final steppe]

Hey Zaciel... here is a write-up Aaron did on V2 staking-- and then I also recommend reading the discussion in that #887631374578757692 thread for more of the community's thoughts on it: #809220563397902346 message 🙂

[crimson mango]

tyvm for the response thats usefull

[brisk surge]

Yipeee!! Get those ILV tokens staked 🚀🚀🚀