🥩〕staking

[cunning perch]

If you stake directly, you pay gas. If you withdraw, you pay gas. If you withdraw and wanna stake, you pay 2 gas 🙂 (just for RevDis)

[delicate plaza]

Ok gotcha thanks!

[austere fjord]

Anyone know why I keep getting this error message when trying to stake ILV?

[cunning perch]

Haven't seen that before. Are you using enough gas (enough ETH)?

[austere fjord]

I am. Even bumped it up a little. I think.

[cunning perch]

Potential error can be fixed by updating browser/cold wallet, changing browser to Chrome or FireFox, clearing Cache on wallet and browser and using sufficient gas.

[austere fjord]

On it. Thanks.

[vague heart]

what happens when ILV staking rewards gets fully distributed?

[cunning perch]

I answered you in #💰〕token

[willow viper]

got the same.. just paid 200$ on gas.. even though the recommended ETH amount was covered. Nothing happend.

[worn palm]

Just out of curiosity. If I'm already staked for 12 months and I decide I want to change wallets. Can I somehow change the wallet associated with my staked tokens?

[cunning perch]

With V2, (after moving to V2), you should be able to change wallets yeah

[worn palm]

Ah awesome, thanks

[delicate plaza]

Nice, this bodes well for my ledger upgrade!

[gentle axle]

I'm here from the general staking convo

[vague heart]

Lol lets continue here...

[craggy field]

Yes if ILV price rises very hard then the amount of ILV in your SLP tokens will be less.
If you had 10ILV in SLP then it decreased to 8 this last month. But you gained ~4-5ILV back through yield farmkng
If the price of Eth however rises quickly you might see more ILV per SLP token. But who thinks that will happen with a game like Illuvium lol we will moon so your SLP ILV will become a little less

[vague heart]

this is impernant loss?

[gentle axle]

My thoughts on the SLP. I had 3.4 ILV which is now about 2.68 ILV in the sushi pool. This is because Illuvium increased in price faster than ethereum did (I think). So of course after a while if ILV's price skyrockets you will have less ILV in your SLP combo coin, but you will still be accumulating mad rewards in the staking pool.

So overall, it's still worth it.

[craggy field]

Yeah the actual gains from SLP last month were ~2.5x the IL so still really really good.

[vague heart]

whats slp

[craggy field]

Sushi liquidity pool tokens the second core pool

[vague heart]

does my eth go up then? if my ilv goes down?

[craggy field]

Yes if ILV is bought out then ETH is dumped into the pool so you will have a higher amount of Eth per SLP token.

[gentle axle]

In a way that's actually still awesome

[vague heart]

this is so interesting.

is there impermenant loss in non LP staking?

[craggy field]

No, impermanent loss only occurs when two tokens deviate in price in a liquidity pool. The other core pool only has ILV so if ILV fluctuates thats it.

[craggy field]

I mean you could see the holding of one token compared to the other as IL... if one token grows quicker than the other and you bought the wrong one you are losing out. But thats not IL :p that is just sad

[raven seal]

Any recommendations on Staking platforms?

[vague heart]

I dont understand this, because I didnt buy one or the other, I had to buy both to participate in LP

[craggy field]

Yeah it just doesnt occur in ILV pool. No impermanent loss there.

[vague heart]

Mind if I friend you @craggy field ? No more questions today I promise 🙂

[craggy field]

Sure mate im no guru though i still ask my own fair share of questions to Arash and other mods :)

[vague heart]

well the journey is better together

[brisk surge]

Hey, how many times are fees deducted when staking ILV on core pool? There is one to alllow the website to spend my ILV. Is there any other?

[sand cloud]

Allowing spending and staking

[brisk surge]

So 2x fees?

[delicate plaza]

Yeap

[brisk surge]

Is there any fee simulator? not sure I have enough ETH on wallet for both and don't want to waste

Allow spending one is around 20-25$ atm. Is the staking one around the same or as expensive as a swap?

[craggy field]

It is pinned in this channel the one named vetemor made a calculator.

[brisk surge]

Is the allow spending a one time fee?

One time per wallet or everytime when interacting with staking?

[sand cloud]

Should be one time per wallet

[azure orchid]

thinking of apeing but want to understand the staking - if I stake in the core pool then I get 43% APY - are the rewards on a daily basis? then, when I collect, what do I get, ILV which will be locked for 12 months and keeps staking? does anyone have a calculator to model all of this?

[slender remnant]

Hey guys, am I right in saying that if I want to unstable and then restake at a higher multiplier it will be 3 gas payments?

[sand cloud]

Withdrawing is a reward claim + the withdraw and staking again

So yes, 3 transactions. Buy staking v2 should help with thid

[slender remnant]

Thanks, but staking v2 will be a 2 year lockup?

[azure orchid]

can anyone help me understand this? so any rewards get locked up when you claim them but keep staking? is this the right way to think about it? any calcs around that show the mechanics? thanks frens, I want to ape

[manic spindle]

!claim 🙂

[woven ibex]

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

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

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

[main thunder]

Hello. I want to ask if the apy seen on the dashboard is in terms of ilv?

[azure orchid]

Great thank you - I like it because the automatic locking may be tax efficient too - no tax until they vest. @manic spindle in order to get the Rev Distribution, do I have to be staked ? I have aped now..... the fees for staking are insane at the moment - $180

[strange onyx]

so what's the difference between staking and yield farming/

[azure orchid]

/contracts

[manic spindle]

!revdis yes 🙂

[woven ibex]

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

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

[azure orchid]

Thanks @manic spindle I have staked now! does anyone have the contract for staked ILV so I can add to Metamask?

!contract

[bright heart]

@weak notch after you remove your liquidity will you come back here and tell me if you got any additional rewards? I think we're eligable to those, but wanted to make sure.

[weak notch]

This is actually my first time doing LP, so I really have no idea what im doing

[bright heart]

I'm new to it too. So I'm curious about every step.

[weak notch]

Im trying to figure out what impermanent loss is

[bright heart]

It's exactly the thing you asked about. If you put 11 ILV and 3 ETH, now you'll probably get less ILV and more ETH. Because ILV increased more rapidly than ETH. So the impermanent loss comes in a way of missed benefit if you only held the tokens themselves.

[real nebula]

The balance between the two tokens is always 50/50 in USD valuation, regardless of how much of each you initially put in. If one of the tokens spikes, you get a smaller overall gain in USD than just holding the token.

[weak notch]

I didnt fix the stake, went for the flexible option

[weak notch]

Im watching youtube, you can add me and we can dicuss together

[azure orchid]

Ok I answered my own question. Here is the contract for "staked" ILV that you can input manually on Metamask: 0x25121EDDf746c884ddE4619b573A7B10714E2a36

it would be good if this can be listed in helpful links folder.

[bright heart]

You should interact with staking only from the official website.

Also look for !contracts messages if you want manually to search for the contracts.

[slender remnant]

Hi guys, I've tried to withdraw my link from the flashpool, I've done two withdrawals now but the link is still not back in my wallet? Any ideas what I'm doing wrong?

[brisk surge]

Do i understand correctly that there is a way to stack undirectly and avoid gas fees?

[brisk surge]

I mean stake

[azure orchid]

go to bottom of your assets list in MM, click on "import tokens", click on "custom token", paste the address, give it a name (does not come automatically), and insert like 3 decimals and click "add custom token" and you should see them

[azure orchid]

no, you always need to pay gas

[bright heart]

@brisk surge For some tokens binance allows their own staking opportunities, maybe they have/will have ILV.

[weak notch]

How do I get my SLP back to Eth/ILV?

[marble mountain]

Hello! is there a breakdown on how many tokens will be unlocked for staking? I want to see how the staking rewards will change over time

[bright heart]

Here: https://app.sushi.com/remove/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E

[cunning perch]

Nope. Staking = you pay gas. No way around it

[urban basalt]

unless you could stake within layer 2 (eg IMX)? or is that or can that not be a thing?

[slender remnant]

Can anybody help with this? I've now unstated and claimed rewards from my link twice but my only option is still to withdraw and claim more rewards? I can't get my link out?

[modern laurel]

That gameplay in free world, grafics look cool but it looks kinda empty nothing around like crafting, npcs, cities ( i know its a no-civilization planet but still)

[marsh onyx]

How often do you pay ETH gas when staking?

[finite leaf]

Maybe dumb question but, Would I earn a part of the future revenue distribution if I stake into the sushi swap ILV/ETH LP pool? Or is it only if you stake into the code ILV pool?

Core*

[atomic lagoon]

if you stake in the Sushi LP you will get revDivs for the ILV portion of your SLP.

[finite leaf]

Thanks 🙏🏻

[gilded pollen]

is there any guide on how to stake?

[atomic lagoon]

you can find guide videos in Pinned messages

[gilded pollen]

ill check them, thanks

[hot lynx]

!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

[marsh onyx]

How often do you pay gas? Just when setting up contract or every time you get rewards

[atomic lagoon]

I just realized that the reward I get from staking per month is higher than my salary before tax =/

[quartz tartan]

!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

[agile fiber]

lol same

And by the time we can claim it a year from now, could be x2-x3 our annual salary for one month reward

[wind quiver]

The ILV rewards that I earned in the LINK flash staking pool are locked for 12 months correct? If that's the case what happens if I click the "claim ILV" button on the rewards site?

[real nebula]

Gas fees are never going down again, eh?

[delicate cloak]

They're locked for 12 months from when you claim them. If you don't claim, they're just kind of stuck in limbo not doing anything.

[real nebula]

I’ve had an alarm set for when it hits 50 for days with no notification...

[next ruin]

They start earing APY once you claim as well. @wind quiver

[delicate cloak]

Lol gotta break outta this ATH for ETH and have people not taking profits/having the network be less congested. I don't see it hitting 50 gwei with all this action...

[wind quiver]

Ahh thank you!

[next ruin]

https://tenor.com/view/embarrassed-sad-cry-smile-interview-gif-4461765

[wind quiver]

Perfect. Thanks! What APY will be earned on those claimed rewards? The same as if I was in the ILV core pool?

[next ruin]

ILV core pool at 2x token weight.

[wind quiver]

Great. TY!

Next question 🙂 I can't figure out how to unstake my LINK now that the Flash pool rewards have ended.

[next ruin]

On the "Vesting" tab you should have a withdraw option

[wind quiver]

Thanks

[quaint nest]

Hi mina-san, anyone have a easy explanation into what staking is ? Like why do I get rewards for staking ? What benefits do other people or the ecosystem get for me staking my ILV ? Thanks for the help jus trying to understand a little mre

[steady trellis]

No. It’s just free money. None, actually it bad for them. And a question you haven’t asked, staking will also give you revdis (=dividends)

[tacit vigil]

why when i try to collect the rewards it ask me for 2 transactions?

[tough shoal]

damn thats a nice chunk!!

[tough shoal]

but yes always 2 transactions when claiming from Sushi LP

[tacit vigil]

why?

[next ruin]

The way the contract is structured right now, the pending rewards from the ILV only pool must be claimed as well. Potential for this to change with staking V2, but no revised proposal or timeline out for that at the moment.

[tacit vigil]

1 year start from the time i got the rewards or from the time i do Claim?

[next ruin]

Claimed ILV is locked for 12 months from the time of the claim.

[brisk surge]

🤮

[clear cape]

really hope we see sub 100 on the weekend lol

[next ruin]

https://tenor.com/view/oof-ooooof-gif-12896777

[brisk surge]

Even sub 100, I can't claim unless it's less than $100 to do so. I have to claim lp and the main pool. 😦 at the same time or else

[tough shoal]

same, i need to claim my rewards so i can stake my recently bought ilv lol

[clear cape]

even at 40 gwei it costs more than 100 usd to claim slp bro lol

[brisk surge]

i know. Gonna have to take a loan

[lethal helm]

Looks like we have to stake it at staking.illuvium.io

[next ruin]

SLP tokens staked on the Illuvium site are eligible for RevDis, but only on the ILV half.

[prime pewter]

Just purchased a few shares a few days ago and was hoping to stake them but been reading all this impermanent loss stuff and it's pretty scary lol are none of you guys that are staking worried about that?

[next ruin]

400%+ APY easily outpaces IL risk for now. As YF rewards decrease over time there will be a point where it has to be seriously weighed, but we're not close yet IMO.

[prime pewter]

I appreciate the response. The fact that we have to lock our shares in for 12 months is what's making me the most hesitant tbh because my understanding is that the rewards can decrease within that 12 month period

And if share prices dis substantially that's scary as well

Dip**

[next ruin]

You can stake flexibly for half the APY or anywhere in-between as well. The rewards will decrease approximately 3% every two weeks naturally and will further reduce based on new people staking in the pool. I get being wary about locking up if the price takes a dive. Personally, I'm looking at this as a very long term investment so 12 months is just the start of how long I'm holding ILV. But yeah, it's something every individual has to weigh.

[prime pewter]

By "stake flexibly" do you mean that I'm able to enter the pool for less than 12 months? Everything I've read up until now indicated that the 12 months was a mandatory term

I'm a bit of a noob lol hope you don't mind all the questions

[next ruin]

Your initial investment can be locked up for up to 12 months, but it doesn't need to be locked at all (you get a sliding scale when you stake). Claimed ILV rewards will be locked 12 months from the time you claim (staked and earning additional rewards), no getting around that one.

[prime pewter]

Ahhh ok, so that reduces some potential risk in return for less APY

[next ruin]

Exactly.

[prime pewter]

That's not bad at all then

Less risk less reward

[next ruin]

With gas as high as it has been, the fees to stake/withdraw can get pretty crazy. So keep that in mind as well when planning your strategies. There's a gas calculator spreadsheet for all that pinned in this channel.

[prime pewter]

I was literally just about to bring up the gas fees! They're fucking insane, although I can't complain as I'm holding a few ETH long term lol

Is the whole impermanent loss scenario only possible on the Sushi pool or both Sushi and the ILV one?

[clear cape]

Just Sushi

[next ruin]

Impermanent loss only applies to the liquidity pool https://academy.binance.com/en/articles/impermanent-loss-explained

[clear cape]

God i remember how aids it was when i first tried to wrap my head around these things, rip new people

[next ruin]

Yeah, IL took me a bit of time to get comfortable with and I'm an accountant irl. Can't imagine trying to learn something like this if not at least a bit knowledgeable about financial topics ahead of time

[clear cape]

As well as the whole creating a SLP token etc, it's somewhat complex without any prior experience/knowledge

And then actually understanding what is going on top of it

[next ruin]

Yep, I had some exposure to crypto prior to this project - but this one made me actually learn about wallets / chains / DEXs / LPs / block explorers / etc

And it's wild that with as much as I've learned in the past few months I have still barely scratched the surface in the crypto space

[jovial stump]

I have a question, I’ve heard we will have to pay fees to transfer from staking V1 to V2 is that correct ?

[next ruin]

You would have to make a transaction to migrate to V2, yes. How complex (and therefore how expensive) is not known at this time. I would personally expect it to at least be similar to the initial fee to stake though.

[jovial stump]

Thank you for your answer, and will it be mandatory ?

I mean to migrate or can you stay on V1 say if it’s not worth it to pay the fees ?

[next ruin]

I don't want to answer for sure without a final proposal, but my understanding is that you could leave your stake alone - but once your stake is unlocked it will need to be migrated to receive RevDis. Once again, we haven't seen a final proposal so this is just what I have gathered from the initial proposal and the following discussion. I could be wrong - just need to wait for the finalized proposal to get answers for certain.

[cyan rampart]

It will almost certainly require interaction to migrate to v2, just because of the nature of the v1 contracts.

[jovial stump]

I see thank you, and do we have an approximate date for the release ?

[prime pewter]

Oh crap, I thought it was both lol yeah you're both right though this is a lot to wrap my head around lol

[cyan rampart]

No date yet - the final IIP isn't even proposed yet. V2 is in development though. Once we have a final IIP, and if/when it passes, we'll likely have a rough timeframe.

[prime pewter]

So does the flexibility with how long you need to lock or not lock your ILV tokens apply to the ILV pool as well or just Sushi?

[next ruin]

Both pools feature the ability to lock on a sliding scale from no lock to one year with the same impact to token weight / APY

[proud merlin]

I can’t even remember how to purchase/stake ILV. Got in at $400. Seems like a long time ago.

[cunning talon]

Hey I have looked at a few youtube videos but still cant figure it out. What are the differences between the two staking pools?

[whole saffron]

ILV pool - you only stake ILV, no Impermanent Loss, lower APY
Sushi LP pool - you stake ILV/ETH LP tokens that you get from providing liquidity in sushiswap, subject to IL, higher APY

[next ruin]

#🥩〕staking message

[cunning talon]

ok thanks. Any chance you could explain the liquidity in sushiswap. Wouldn't it be more risky to stake only ILV rather than ILV/ETH?

[next ruin]

#🥩〕staking message

[onyx python]

!fess

[cunning perch]

what do you wanna know friend?

[cunning talon]

hey sorry last question. What if I purchased ILV now as im expecting it to continue to rise in price, and then decide which pool to stake later. Would that be possible? or a bad idea?

[cunning perch]

you can stake whenever you like. If you stake later, you might have to stake on V2 and if you want 2X weight, then you might have to lock for 2 years. Good/bad idea belongs only to you 🙂

[cunning talon]

thanks, yea I would be planning on staking within the next few weeks. However, I am trying to purchase ILV very soon. I just want to do more research on the pools before I stake my money

[cunning perch]

sure. You are always welcome to ask whatever Qs you have and we'll happily help you 🙂

[prime pewter]

Sounds like the ILV pool has much less risk than Sushi - to me sounds like the biggest thing to factor is gas fees - is this a good summary? If so, last question lol - what are the risks of the ILV pool?

[cunning perch]

The ILV single pool is sure cheaper and safer and therefore gives you way fewer rewards as there is no risk of IL.The only risk is that if you lock, you won't be able to sell and the normal risks of contract errors that might happen to all crypto.

[prime pewter]

Amazing! This Discord chat is awesome, thank you

[cunning perch]

Glad you are happy. Feel free to ask whatever is on your mind 🙂

[prime pewter]

Is there a way that I can take a look at the details of the ILV pool APY etc. if I don't lock? Would be useful to know before transferring my tokens from Crypto.com

As well as knowing the exact gas fees?

[cunning perch]

you can always connect a raw wallet and see the APYs. before that make sure you know everything about staking and read this too. it can help you: #🥩〕staking message

[prime pewter]

What is a raw wallet lol

[cunning perch]

an empty wallet 😄 or your wallet. doesn't matter. any wallet

[prime pewter]

Got it

Much appreciated dude

[cunning perch]

anytime 🙂

[prime pewter]

I don't have any of the listed wallets my ILV tokens are on Crypto.com

[brisk surge]

You can use the crypto.com defi wallet. Its walletconnect compatible.

[prime pewter]

Is Metamask better?

[cunning perch]

MM is the wallet that Majority of the community uses. (esp the browser extension) as they can also use it with a Cold Wallet like Ledger

[prime pewter]

I've been seeing a great amount of people using it, I'm going to create one. My only current wallet is my Ledger for my bigger long positions everything else is on my Crypto.com exchange app

[cunning perch]

CEXs keep your keys. I wouldn't risk my money with them 🙂 They are just a bridge

[weak notch]

May I ask if I claim SILV, there is no way to swap that into eth right? If I claim ILV, it goes into 12 month vesting period staked at 2.0 weighting again? How about the rewards for that 2.0 staking? Well that go into vesting as well? Then you’ll never be able to withdraw

[brisk surge]

If you claim sILV you can get ETH from it from the uniswap pool

[next ruin]

There will be consistent vesting periods for YF rewards until they are done in 3 years, yes. That is, unless there is a proposal to end the mandatory vesting (I expect this will happen once we are one or two years on, honestly).

[weak notch]

Oh wow okay, I thought the only way to use it was to spend in game, and not allowed to swap for eth or between other players, but looks like I’m wrong. 1 $ILV = 1 $ILV?

[brisk surge]

So currently one sILV isn't 1:1, since it's on uniswap and it's free market you can see the price for it here https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da

sILV will be 1:1 with ILV in-game though

[weak notch]

So in game, u can spend SILV ILV and ETH

except SILV only for in game purchases, ETH and ILV all purposes?

[next ruin]

ILV can not be spent in the game. Correct on sILV and Eth though.

[weak notch]

Ok, so ILV only for staking, which generates SILV for in game use, and ETH can be used for in game use plus trading with other players?

[viscid stream]

How much time can take staking ilv+metamask with low gas fee? It's already 10minutes past. Is it normal?

[next ruin]

You've got it. ILV also allows you to vote for council members and if any governance topic goes to community vote.

[cyan rampart]

My longest txn took 3 days, but I set it up for cheap gas. If you've lowered the recommended gas, it can take a LONG time.

[weak notch]

Sounds good, and I guess the main value of ILV is the ability to share 100% of in game spending plus rewards, the give you SILV, then you can swap that for cash on uniswap, but at a discounted price?

[brisk surge]

in game you will spend ETH or sILV, also will be used for the upcoming land sale

[next ruin]

So, only the yield farming ILV rewards are locked. Once RevDis starts, there won't be a lock on those rewards.

[cyan rampart]

Fiscally, it's Staking Rewards + Revdis. Voting with ILV is quadratic though, so even with a relatively small stack you have a disproportionate say compared to whales. At least, that's the goal.

[weak notch]

Okay this is great, revdivs I read are 100% of all in game revenue plus external revenue?

[cyan rampart]

100% of all revenue generated through Illuvium and anything related, including collabs, merchandise etc.

[next ruin]

All Revenue generated by the DAO. This game, future games, merch, etc

[weak notch]

Okay, I’m locking in $30k, WGMI

[next ruin]

https://tenor.com/view/ilv-illuvium-one-of-us-wolf-of-wall-street-gif-23354367

[cyan rampart]

It's worth noting that this could be changed by the DAO - for example, there's discussion in #904047003246411798 about potentially doing 1% of revdis to animal preservation charities.

[weak notch]

I’m awfully late to the party tho I bought in at $1200

[next ruin]

When I first bought at $300 people thought they were late to the party. Just sayin'

[silent cedar]

Not as late as those who buy after launch

[cyan rampart]

We'll see who is actually late in about 12 months when we're launched and hosting the largest prize eSports event in history 😮

And then again in a year or 3 when we have another game launching, with another one in development etc.

I still think we're all early TBH

[next ruin]

https://tenor.com/view/archer-sterling-archer-my-penis-can-only-get-so-erect-penis-dick-gif-5428707

[weak notch]

ILV tokens will moon, if this really takes off and the revdiv really picks up

[silent cedar]

The looooooong game

[cyan rampart]

I don't think most people, even some ILV holders, really understand the potential. Staking started in July, and the token price was like $60. We're about 5 months in, and the MCap is $785M. Axie's biggest month of revenue was something like $380M, and their model isn't set up to generate revenue the same as ours is.

Imagine adding $380M to the MCap per month, with a large chunk of tokens staked to be able to capitalize on that revenue. Imagine exceeding Axie's revenue 😮

It legit makes me sweaty to think about the potential.

[next ruin]

https://tenor.com/view/the-big-short-jacked-jacked-to-the-tits-gif-20860308

[weak notch]

No doubt, assuming we can even get to half of axie infinity, we are still all going to make it

[cyan rampart]

Agreed, even bearish projections are still insane, and I do think we'll exceed Axie's revenue.

[weak notch]

thanks to everyone's help, i joined the club

awesome community 💯

[oak surge]

At this point the only barrier to staking is the gas fees.. it's been insane

[patent robin]

Can i ask talk me though how re stake my tokens?

[wheat grotto]

When the first year stake comes to an end with all the ILV I’ve accumulated can I restake that for another year? Would I have to match the amount with ETH to stake SLP again? I know v2 will give me some options but I’m not 100% clued up on it I dont really know how it works

[cyan rampart]

!staking I can help you out if you want, or you can check the video here.

[woven ibex]

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

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

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

[cyan rampart]

The basic idea for staking the Core ILV Pool is: Get ILV into a MM or other compatible wallet - Go to the staking website, choose a lock period (or stake flexibly), and stake your tokens.

[patent robin]

Yeah i am already staking, I need help restaking. Will i have to claim my rewards in order to restake my tokens that just became unlocked?

Would you mind jumping into a voice chat. Not sure if i am explaining this correctly

[cyan rampart]

Oh I understand. Go to the Vesting tab, withdraw your stake. This will claim rewards when you do it. Then just stake again normally. Note that if you leave your ILV staked, it will continue to generate rewards at the weight you originally staked it at.

[patent robin]

Awesome this helps. So i can leave it and it will still generate Staking rewards? Because I am trying to save up my rewards to claim as sILV for land once it becomes available. Thats why i dont want to claim and restake. But if i dont have to do anything and its still generating more tokens i wont touch it.

[cyan rampart]

It will continue generating rewards until staking v2 (which we don't have a timeline for) is released, at which point you'll have to migrate your stake. I don't have a ton of info about what the process will look like, but for the time being you don't HAVE to restake unless you want to lock at a higher token weight or something.

[patent robin]

You are awesome! Thanks!!

[vernal obsidian]

Will staking v2 be on IMX sidechain?

[wheat kestrel]

It will be on ETH but the transactions will be cheaper due to optimizations they are making.

[obtuse cloak]

Hi, apologies if this has been answered elsewhere... I've look and can't find an answer. I'm in this for the long term having purchased and staked a while back. But looking to move rewards to vesting and the gas fees are crazy. My question is - will there be a bridge to Immutable X for LPs (don't think this would be possible?) and (more importantly) rewards? Happy to sit and wait if this was to be the case. It would save $100s in gas.

[cyan rampart]

Ultimately it would be awesome to move staking to L2, but I don't think IMX can handle our staking infrastructure as is. It's definitely something to shoot for in the future though. I wouldn't wait around for it unless you're SUPER patient 🙂

To be super clear: To my knowledge, nothing is planned or in development to move staking to IMX.

[rich seal]

hi, one question please. When I will get 1 ILV reward, can i claim it and reinvest it with ETH into a SLP token and add it into the LP ? thank you for answer and have a nice day

[cyan rampart]

When you claim rewards as ILV, they are automatically staked in the Core ILV Pool for 12 months (we call this vesting).

There's no direct way to reinvest rewards into the SLP currently.

[rich seal]

tnx for answer. okay, so how can I add my SLP tokens to my LP ? only by buying ILV on market and makr SLP on sushiswap with ETH and add this to pool?

[tranquil obsidian]

Hey guys,
when the token is staked, where does those staked token go? does it just sit in the pool and does nothing during the lock period?

[cyan rampart]

Well your SLP tokens are basically a receipt for your stake in the LP. By definition, holding SLP tokens means you're already in the LP.

If you're talking about moving rewards from unclaimed to the SLP, you could (and I advise doing some research on this before pulling the trigger):
Claim rewards as sILV
Sell sILV on Uniswap
Use the ETH recieved to buy ILV
Stake ETH + ILV back into the LP.

This is a gas heavy string of transactions, and you lose about 50% of the "value" of your rewards by claiming and selling sILV, but it IS possible to do things this way.

[cyan rampart]

It sits in the pool, yes. It's held in the smart contract managing that pool until it unlocks (or until you withdraw it, if it's flex). It doesn't "do" anything, but during the time your stake is active, you will generate rewards based on the APY for whichever pool you've staked in.

[rich seal]

interesting, thank you! so do you recomend this? or any other option? to maximize outcome?

[limber otter]

How many % ILV are staked? Where to check it?

[elder dawn]

I track it personally here (top of dashboard tab), or you can always take the TVL and divide by price. https://docs.google.com/spreadsheets/d/1Pm6b54YRTjdv6cDmWwudyejk2aA8XSEB5CgzKWe1N20/edit?usp=sharing

[cyan rampart]

Miss you sir! Hope you're doing well

[elder dawn]

thanks @cyan rampart Just been busy with the real job. need to not get fired (since revdis hasn't kicked in yet). Hopefully i have enough time to be more involved soon! I'm always lurking and happy to help though 🙂

[brisk surge]

HI, sorry if this question has already been asked.....we have ILV Pool and SLP Pool --- is Revdis only going towards ILV pool or both? Thanks

[elder dawn]

any staked ILV gets revdis. so the ILV portion of the SLP is eligible

[brisk surge]

awesome thank you

[rotund finch]

whats the apy %

[brisk surge]

43% for ILV 444%for LP

[rotund finch]

whats LP

[brisk surge]

Sushi Liquitdity Pool for ETH/ILV pair

[rotund finch]

ahhh thanks

[near violet]

Yo - How to i get my ilu on Binance to stake it via the website? Send to metamask through an eth deposit?

[brisk surge]

Yes you want to take your ILV from binance to MetaMask

[brisk surge]

If you are going from 2 different chains - I believe u must bridge the tokens across first -- there is a Binance Bridge on their website

[near violet]

thanks team

[bright cave]

Great job! Thanks!

I think maybe you could add up a separate sheet, to calculate Circulating ILV Staked /Circulating ILV

[elder dawn]

Thanks for the feedback and updated - Top of the dashboard is now

[ripe steppe]

74.5% staked! Nice!

[bright cave]

additional one sheet for the IVL token holder follow up? daily numbers and change ratio etc..

[radiant crow]

Love that stat ❤️

[bright cave]

bro, you are awesome!

[sacred cosmos]

Awesome work! This info needs to be made known to everyone. Especially those focused on token price

[grizzled hawk]

Anyone else having issues with the staking? I am trying to claim my current LV and re-stake SLP and I have paid $500 in gas fees and this has dropped twice in the last two days

[brisk surge]

Which transaction is failing for you? It sounds like youre trying to do a withdraw, then a staking transaction?

[grizzled hawk]

I go to stake SLP and it will open up the first window to claim ILV, and then another to stake (taking it to an estimate of 500 in gas) and then it will fail with the initial claim

[brisk surge]

Check your wallet address on etherscan and make sure there are no pending transactions.
If that doesnt work you might accidentally be noncing your first transaction with the second. If this is the case there will only be one failed transaction each time you tried to claim insetad of the 2 you approved.

[bright cave]

74.5% is really high, axie's staking ratio is 30% yesterday before Katana
gone online

[grizzled hawk]

Nothing pending

[brisk surge]

Im no expert, If you want to DM me your wallet address i can try to take a look, Otherwise someone smarter than me will have to help you out. I havn't heard of anyone else having problems so its probably something on your end, I just dont know what.

[grizzled hawk]

I will flick you a dm, thanks!

[hushed valley]

Thank you for the addition! Is there somewhere on the spreadsheet that I can use to calculate when it’s more cost effective to be 100% just ILV versus 100% SLP? (Benefits of revdis start outweighing benefits of Yield Farming)

[lavish pivot]

I dont understand if you stake 1ILV for 1year and lets say the API is 50% dont you earn 0,5 ILV after 1year? or have i missunderstand it?

[open pebble]

dependes the weight

[elder dawn]

I've played around with that in my calculator, but haven't shared it publicly. Too much unknown and too complex for me to want to be associated with potentially talking people into it. Gas fees are hugely impactful for smaller investors, and the variability of the sILV/ETH pair make that a critical factor. I shared more details on my blog (publish0x.com/ilvfi) recent, but not planning to release the sILV to SLP calculator.

[lavish pivot]

what does weight mean in this case?

[elder dawn]

weight isn't the key factor. weight is already accounted for in the apy - it's pool growth. You're correct, if the APY was steady, 50% means 1 ILV yields 0.5 ILV in a year. however, since all claimed ILV ends up in the pool, and after March there will likely be more circulating tokens finding their way to the ILV pool, the 50% APY is likely to decrease over time

[lavish pivot]

i watched a youtuber talking about staking he said if api = 50% you invest 1IVL you will have 0,18ILV after 12months , this makes me confused

i dont know if im allowed to post that youtube link in here?

[elder dawn]

Lelahel and I are the two making the calculators, and we're doing our best to project pool growth over time. The main site only accounts for the 3% rewards decrease, but can't account for pool growth. We're trying to model that as well, as aside from major news, it's been fairly reliable. Feel free to dm me and we can chat there as well

[proven mason]

Hm, the March token influx is actually a really important point. Granted, I'm already fully invested anyway, but that'll be good to keep in mind as far as keeping APY expectations reasonable.

[atomic lagoon]

I have invested 16.16 ILV (without locking) and i get 0.01 ilv per day = 3.65 per year, divided by 16.16 so 1 ilv without locking will give 0.225 ilv per year. if locking will be around 0.451 ilv (so APY seems correct). these are just rough numbers btw.

[dusty temple]

isnt apy 44% apy aprox with locked

but at current amount doesnt seem like its even near 40% APY annually, feels a lil lower

[plush nebula]

Guys do we know the % of $ILV that's locked in staking?

[brisk surge]

Yes you can check here https://dune.xyz/xastor/Illuvium-Dash

[silent apex]

Any ILV you make from both pools will be vest for 1 year right?

[brisk surge]

You can use those numbers to calculate that

[brisk surge]

Yes it does

[gloomy gazelle]

Yeah. Deraji has it included in his form pinned in here. It’s like 74%

[silent apex]

@brisk surge Does that mean if I stake 5 ilv and get 5 ilv eventully then I will onyl be able to get my 10 ILV at the end of 365 days? or do i get like 1 a month

[brisk surge]

I recommend putting those numbers in this calculator https://cooper1903.shinyapps.io/stakingyield/

[gloomy gazelle]

Depends on how long you lock your initial deposit for and when you claim.

[silent apex]

@gloomy gazelle What does that mean? Like what if I lock 10 ILV for 3 months

[plush nebula]

Sucks that we cant really claim daily as gas is more than rewards lol

[brisk surge]

It depends when you are claiming and from which pool but hopefully v2 will be out soon and solve those problems.

[gloomy gazelle]

Your deposit is available to be withdrawn after the lockup of three months.

[silent apex]

Will i be able to withdraw all the ILV after those 3 months and sell it immediatly?

[gloomy gazelle]

Your initial deposit. Not your rewards.

!claim

[woven ibex]

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

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

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

[silent apex]

Oh and you get sLIV right away and can sell it?

[gloomy gazelle]

Correct

[silent apex]

Is there big price diff? between them?

[gloomy gazelle]

Yeah

!ilv

[woven ibex]

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

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

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

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

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

[gloomy gazelle]

!silv

[woven ibex]

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

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

[gloomy gazelle]

I’ll share the price points

https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da sILV

https://www.dextools.io/app/ether/pair-explorer/0x6a091a3406e0073c3cd6340122143009adac0eda ILV

[chrome wasp]

hi guys, is there any way to claim just the reward from SUSHI-LP not both pool? since the reward from ILV pool for me is very small and i prefer to leave it there until it's big enough

the gas is insane

[clear cape]

there isnt unfortunately

[chrome wasp]

😦 ..cry

[clear cape]

hopefully the weekend is somewhat nicer

[chrome wasp]

wish i could reject the first one and accept the 2nd one

but ty anyway

[fathom jay]

If you stake ILV for 10 weeks, after that time is up do you need to re-stake that ILV to continue getting rewards?

[nimble vault]

I have been waiting for gas to subside for weeks to swap into ILV. And now I realize that if I had just paid the dang gas weeks ago, the gas would be paid for in the appreciation

[pale trellis]

No after the period is up it is technically still staked if you leave it.

[brisk surge]

I finally did it $380 for SLP claim, then $350 for normal claim.

....owie

[sacred cosmos]

Hope the rewards was 10 of the total gas.

[brisk surge]

I let it go too long, was a bit more

[chrome wasp]

man 380$ x2 gas is just not right..

[brisk surge]

It hurts, but yeah, it was a financially sound decision nonetheless (on paper). Claiming all that ILV to compound at 2x in the pool...otherwise it wouldn't be compounding

I sold my ENJ investment to do this

[chrome wasp]

i know i know but still

[somber radish]

What’s the benefit of claiming sIlv vs Ilv?

[gloomy gazelle]

!silv

[woven ibex]

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

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

[gloomy gazelle]

!fees

[knotty river]

Fast: 87 Standard: 87 Slow: 86
Simple ETH TX: $8.16 (0.0018 Ξ)
Token Approval (ERC20): $19.96 (0.0044 Ξ)
Token Transfer (ERC20): $19.05 (0.0042 Ξ)
Uniswap Trades: $47.17 - $78.91 (0.0104 Ξ - 0.0174 Ξ)

[gloomy gazelle]

Look at the gas price!

[dusty temple]

insanity

but thats cheaper side already

[desert lark]

Hi everyone, I was wondering how long does it take for staking to process? It's been like 8 minutes and it's still pending

[clear cape]

Set gas higher

[dusk gorge]

to claim reward, how many layer of gas i need to go thru?

[thin ruin]

whats the difference between staking and liquidity pool ? since I have no idea how the APY difference so far

are they associated with risk that stakers gotta take ?

[violet forum]

Hi guys, I’m already on Step 6 where I’m supposed to choose whether to select “Claim ILV” or “Claim sILV”, but this thing did not pop-up. Step 5 was successful! What should I do now? I want to finish this Staking process. My ILV Token has already been removed from my Coinbase Wallet, so how should I continue on Step 6 now? Thanks!

[dusk gorge]

if you just stake, there wont be reward for you to claim. You need to wait the reward to be generated

[desert lark]

wow got lucky, the transaction pulled through and I only paid $98 when I thought i was gonna pay $130

[violet forum]

To Stake your ILV, according to their site staking.illuvium.io there are like Step 9 for you yo follow, and I’m stuck on Step 6

I did not completely finish yet my staking

[desert lark]

Are rewards awarded weekly? biweekly? monthly?

[dusk gorge]

Your dashboard got any ILV staked?

[sacred cosmos]

Every 15 seconds you get a portion

[sacred cosmos]

If this is our first time to stake. You should be done since your ilv is no longer in your wallet. You can check this by going to dashboard to see the ILV staked.

[desert lark]

Thank you!!

[violet forum]

I thought I was supposed to select on what to claim for reward if either ILV or sILV. So the Step 6 of Staking does not apply to us who just tried the Staking for the first time and only apply if you are Staking for the 2nd time and so on?

Since I did not finish Step 6, what reward would I get when the time comes? Would it be automatically sILV?

[desert lark]

Are rewards simple or compounded?

[cunning perch]

After claiming, if claimed in form of ILV, they will compound. If claimed in the form of sILV, they will be released to be used in game/land sale/Illuvatar auction

[cunning perch]

!claim can help you with your question

[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.

[dusk gorge]

To claim reward, how many layer of gas i need to go thru? Trying to estimate before i claim

[cursive nimbus]

super green here: when i put my ILV/ETH on sushiswap into liquidity i got a Sushiswap LP token- which i used to "stake" on the illuvium website; but now when i go back to sushiswap it no longer sees the $$ i added into liquidity; is that because when i staked it on illuvium it shows up for them now and no longer for me in my wallet until i get it back in my wallet?

[cunning perch]

Are u planning on claiming SLP it ILV pool only?

[dusk gorge]

I already staked in SLP

[cunning perch]

Part 3 should contain your answer #🥩〕staking message

[cunning perch]

When you stake, you literally put your tokens in the pool and out of your wallet. They will not be in your wallet unless you withdraw from the website

[dusk gorge]

Ah i see. Currently i dont have anything in ILV pool so does it mean that i will only incur one gas for now

[cunning perch]

Even tiniest ILV pool rewards will have to be claimed first. Like even if you have 0.00001 ILV there which you def should have

[dusk gorge]

Ok. So each claim reward i need around $80 for each gas (so total $160 cost to claim?)

[cunning perch]

Depending on gas on the day of your claim, you might yeah.

!contract @cursive nimbus and also read this #🥩〕staking message

[woven ibex]

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

[wheat grotto]

Morning @cunning perch , are you around for long? Have a couple of questions I’d like to ask if I could dm you?

[cunning perch]

Hey man. I'm around for now. Gonna have to go to work in a couple of hours

[wheat grotto]

Ok to DM you? It shouldn’t be an easy few answers to clear everything up

[sacred cosmos]

That is correct since those steps presupposes you have pending rewards that is claimable. Since it's your first time then there's nothing to claim and you skip it.

[cunning perch]

Sure no worries

[thick kraken]

hey guys will there come a time when we dont have to pay huuge gas fees for claiming ilv rewards? if so, is there a date for that?

[fresh grail]

When V2 comes out you will pay less fees, but no exact date yet.

[median canyon]

Still some debate about how it should be configured. But don't worry, eventually people will see that I'm right. 😛

[sacred cosmos]

Let it not be said that Aaron ever lacked confidence.

[lone patrol]

Hi, please tell me, when I can unstake LINK in flash pool, thanks for your answer

[median canyon]

I'm only confident in the things that I know well. That being said I was being facetious.

[cunning perch]

Hey. Yes. you can withdraw. 🙂

[lone patrol]

I can´t

[cunning perch]

Look in "vesting" section

[lone patrol]

great🥳

[rough lintel]

yes, that is correct.

[brisk surge]

Hello, Can anyone tell me the sILV contract address please

[cunning perch]

!contract why most certainly sir.

[woven ibex]

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

[brisk surge]

Do u guys recommend the ILV core pool or the one with a higher % return with sushi

[cunning perch]

It all comes to your decision and your risk taking. Make sure you watch some good vids in #🎨〕community-content to get some ideas and read this about Liquidity Pool below and also my PM here #🥩〕staking message

[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

[jovial stump]

Hi guys ! Is the ILV part of SLP eligible for revenue distribution ?

[cunning perch]

Yes 🙂

[jovial stump]

Great thanks !

[sonic lotus]

Hey guys, I'm sure I read this before but was looking for some clarification! Is V2 implementation supposed to help cut down gas fees too?

Would appreciate any info on this 🙂

[brisk surge]

Guys i want to claim my rewards as sILV but not all rewards, i can ? Or i can only claim all rewards in silv ? thank's

[elder dawn]

Each claim is all ILV or all sILV. No way to split it. And a goal of staking v2 is to reduce gas fees but further details are still TBD until we see the final proposal

[brisk surge]

ok thank's if i claim every months, i will not be able to control how silv i hold to but land, thank's

[elder dawn]

Determine how much sILV you want and claim when your available rewards hit that. I would just try to do it once to minimize gas fees. Each time you claim you pick either sILV or ILV, so the only way to control the mix is how often you claim

[brisk surge]

Yep i will do that hihi

[warm knoll]

just to be sure. What's the actual price of SLP ? On etherscan it's 3,057.41 but it's not moving at all. While on zerion is show 4900

[elder dawn]

go with zerion. even they had issues a few days ago, but it seems to be correct now.

[warm knoll]

so slp around 5k now ?

[elder dawn]

yes

[warm knoll]

thanks. That change quite a lot the rewards prediction from your excel 😉

[kindred nebula]

heys guys im looking at staking, just wondering what the minimum stake is in the core ILV pool?

[atomic lagoon]

there is no minimum stake. but please take note that gas fee can be around $100+ so please make sure you get enough reward to cover the gas fee and make profit. you can check out the staking guide videos in pinned message to learn more.

[kindred nebula]

thank you ill check them out

[digital leaf]

I'm trying to claim my ILV in my liquidity pool. Can I just claim this rather than the ILV in the normal pool. Its giving me two transactions with the normal pool first, trouble is I dont want to claim the normal pool because there is virtually nothing in there, certainly not worth the gas?

[brazen egret]

Sorry for the late reply, unfortunately you'll have to complete both transactions at the same time as this is how it works.

[mild path]

Hi I have a question I put 0.389 SLP in the liquitity pool on Recent transactions its Approve Sushi LP spend here https://etherscan.io/tx/0xc958cb3f70d1ff3dcb15a92e1ac0fdc940e66cfec2c287ce182a477b85b06a25 it shows success when I go on stacking it shows balance 0 what can I do ?

[prime pewter]

Good morning friends, quick noob question here... I need to transfer my ILV from Crypto.com to MetaMask in order to stake it... am I paying gas fees twice or just once on the initial transfer? And when is gas the lowest?

Like after its been transferred to MetaMask am I paying gas fees again to transfer them to the stake pool?

[ember ginkgo]

I think you'll have to pay to transfer to metamask, pay to allow to interact with the staking pool and pay to start staking

Gas usually lower in the weekends

[prime pewter]

Holy crap 3 times? That's crazy

[ember ginkgo]

Don't forget you also need to pay to claim rewards

[open pebble]

dont forget to donate a kidney

[lime moth]

I have a little question regarding staking rewards, I am staked in SLP locked for 12 months. APY% has dropped short time ago to around 380% then now back to over 450% APY, the thing is, the amount of ILV I was generating per day and still generating is the same. Is this normal? is it tied to the ILV's value?

[alpine chasm]

anyone know when V2 staking available

[clear cape]

yep tied to ilv's value, the amount of ilv you are receiving will be decreasing over time

[lime moth]

oh i see, thought i could generate faster with higher APY, nooo xD thanks for the info though

[rapid valve]

probably a dumb question but can you sell your $ilv even if you have them staked on illuvium.io, and what would happen, would you lose your stakes?

[summer heath]

I believe the only options are to either un-stake, or sell SILV. but i could be wrong

[rapid valve]

@summer heath yeah I've been wondering how it works like for example if you stake 1 $ILV on illuvium.io is it stuck there for a specific amount of time and you not being able to sell it

[summer heath]

Yea, so you can check out the slider. its weighted differently for the lock up that you choose. So for me, I locked it up for a year. Other people may not choose a lock up at all. the longer you lock, the more Yield your investment will generate and the graph on the website in staking kind of shows. does this make sense?

when you claim rewards... Daily , weekly, Monthly etc..... those are locked for a year if you claim ILV. If you claim SILV than those can be sold on the open market.

[rapid valve]

think I get it thanks!

[hot lynx]

Gas is $300 plus

[autumn cloak]

@pearl drum you choose what you want to claim rewards in, so how much ILV or sILV you claim is entirely up to you!

[pearl drum]

Ok so I have to pick one ore the other?

I guess silv would help me progress in the game faster but I think the ILV would be better from an investment standpoint

[autumn cloak]

Correct. When going to claim rewards you have two options: claim ILV or claim sILV. If you choose to claim ILV, it is claimed and put into a 1 year vest. If you choose to claim sILV, it is immediately released to your wallet

[pearl drum]

ok immediately is huge though

[cunning perch]

Gotta love it when ppl contribute and help one another. Thx bro

[cunning perch]

!claim should help you a lot and also this: #🥩〕staking message

[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.

[autumn cloak]

Just know it is valued less than ILV, so don’t expect to have 1300$ price on it

[pearl drum]

what will we use to buy land? eth or Silv?

[autumn cloak]

Hey I needed a TON of help when I first joined, so I’m just returning the favor😄

[cunning perch]

either of them

[summer heath]

finally Staked my way to become an ILV fish. Woooo

[cunning perch]

fish is the wat to becoming a whale. Welcome m8

[summer heath]

One day, just have to keep plugging away. I plan on re-staking any REV/DIS when it comes out

[cunning perch]

Smart. You don't need to re-stake. With V2 there should be a button to stake directly without withdrawing firts

[summer heath]

Oooo Sweet! excited to see how V2 works and if and how to migrate over from V1.

[cunning perch]

migration is for the time your tokens unlock. then it should be like a transfer from wallet 2 wallet with gas 🙂

[summer heath]

Ooooo I see. just curious, since you likely have more experience than myself. do you recommend I use a Ledger when the migration happens. Im currently on an Isolated Meta mask wallet that only is used for ILV staking.

[cunning perch]

Well HOT wallets are online wallets and can always be compromised. Cold Wallets keep your keys offline and whatever happens they will be safe unless your keys are compromised physically or if you sign unknown/scam websites that might hack them (idk if that has happened concretely, have just heard rumors).

[summer heath]

Makes sense. I should have used an Isolated Ledger in the first place. I have one on standby anyway so if the option comes up to migrate over I'll try to figure it out or ask you guys for help if i get stuck

[cunning perch]

Sure no worries. Protect your SEED with a tank. 😄 This is ILV we're talking about

a premium token

[summer heath]

100%. your right

[prime pewter]

Is there a calculator or anything of the sort to figure out how much gas I'd pay to stake?

[summer heath]

I haven't seen one. I tend to wait until gas is lower than 100G. like 2am on sat or Sun is where Ive found the best. with that said, Gas has been crazy the last 2 weeks

[cunning perch]

gas varies by the sec. No one knows how much it would be when you are planning to stake

[agile ginkgo]

Which is the better option to stake with?

[hot lynx]

Except you my friend 30's alert 👀🤣

[cunning perch]

!claim is something you need to keep in mind and you have to decide that and no one will ever tell you and has the right to tell you to do what with your money. Compare the facts: ILV pool is safe but gives you very few rewards. LP runs the risk of Impermanent Loss and therefore gives you more rewards. Also this can help you understand how many TX you need for claims #🥩〕staking message

[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.

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

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

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

[cunning perch]

planning to see it on Sunday cuz I badly need a claim 😄

[hot lynx]

My SLP has blue balls 🤣

[summer heath]

If its at 300Gw than I know that you guys beat me to the punch. haha

[cunning perch]

300 and I won't even bother checking my Dashboard 🙂 Actually tbh I haven't checkd for like 2 weeks.

[rapid sedge]

Just wish the ETH gas fees were lower. I've got some ILV on binance, but the gas fees to send to metamask and stake on ILV site is CRAZY. Any advice?

[hot lynx]

Back in the good old ETH days .. before the deflationary weeks .. 30 Gwei .. ahh those were the claims

[cunning perch]

gotta wait for lower gas if you wanna stake. That's the only advice

[cunning perch]

Today I saw 80. I'm keeping my fingers crossed for 30 this weekend

[hot lynx]

$500 on triple gas ⛽⛽⛽ to stake SLP now

[agile ginkgo]

I should’ve bought $ilv last night when gas was lower

[hot lynx]

I saw 80 also went to the dashboard and hit refresh and it was 119 .. then 145 .. game over no go ... 😅

[summer heath]

Were in early times for crypto. like 28K modem times. we will all be laughing in 5 years from now about how difficult it all was before eth Sharding brings gas down by 1/16th and Layer 2s are making things even faster and easer

[cunning perch]

No even gonna try today. 🙂

[hot lynx]

Agree

[cunning perch]

ofc. You'll be paid back whatever you spend now. Gotta have to spend it first though 😄 I'm gas broke haha. Can't compromise atm

[summer heath]

100%, these are the times for us techie types to get a leg up. when its easy everyone will be doing it.

[cunning perch]

Anyhow. talk to ya'll later. Work is calling

[vapid thorn]

I just hope my 3 ILV will get me some good returm

[rapid sedge]

As long as you Hodl, you will smile all the way. Patience rewards.

[hot lynx]

Hey @cunning perch will V2 use IMX ? that listed 3 hours ago and did a 55x ..

[summer heath]

Sweet bag of ILV your growing. keep plugging away and re-staking. compound interest is an amazing thing

[vapid thorn]

I’ll go at it little by little. Glad to be a part of this.

[hot lynx]

Welcome both +2

[summer heath]

Absolutly same for me

[cunning perch]

Nope. Staking and IMX have nothing in common 🙂 IMX is for the in-game stuff

[surreal valley]

Thinking of dropping a massive amount on staking. It’s 400% correct? And what the lock periods?

[atomic lagoon]

12 months for 400%+

[brisk surge]

I would really like to migrate my ILV stake to a different place some day for more security. With it all unlocking different times this makes it very difficult. I wonder if this is a feasible feature request.

[distant lake]

Hey everyone. I staked some ILV and then staked some more, and it looks like I lost the rewards from the first staking. Is this right? Anyone know what happened?

[proud moth]

rewards should went straight to vesting. check the vesting page. it should be there

[surreal valley]

Sweet thanks

[distant lake]

So basically it got reinvested and started over at the 1-year lock-in?

[proud moth]

yes

[lean nest]

I found it tough to decide if I should claim sILV or ILV. I’m staking a smaller portion in ILV pool and I wonder if it’s worth claiming sILV since we don’t know who much you’ll get for 1 sILV in the game. How are your guys thoughts on it?

[brisk surge]

I would say if you have a smaller stack and see yourself playing the game more than having sILV would be a good idea, all depends on your timeframe and goals.

[surreal valley]

You will need some sILV to play the game or buy land so keep that in mind

[sand cloud]

1 sILV should be a ton for in game stuff since it's pinned to ILV value, but the costs are gonna be 10s of dollars

[lean nest]

I mean, I will definitely play the game but I’ll probably not have enough sILV to buy land. But the amount of sILV I can get might pay back with it usage to sell captured Illuvitars. It’s a interesting discussion.

Thanks for your opinions. It’s just an open discussion and no advice of course

[royal sun]

just to clarify if u you choose locked u can earn sILV but if flexible its ILV? I just staked my first ILV yesterday and its showing my rewards at ILV only. paid 180 in gas fees 🙈

[tawny lynx]

I claimed rewards from sushi LP, approved on MetaMask , and it somehow created NINE transactions on my etherscan, paid gas for all of them , and my rewards are still showing as claimable , they have not appeared in vesting

Lost 400$ in gas somehow

[lean nest]

I think there is a warning using metamask on mobile. But if you use pc I have no idea

[brisk surge]

Yes you can decide to claim your rewards in either sILV or ILV.

[hollow herald]

Can I stake ILV directly from my ledger? Without going through MetaMask?

[brisk surge]

I don't think so when you check select wallet on staking.illuvium.io they have an option for Trezor but not for Ledger, but you can always connect your Ledger with MetaMask.

[hollow herald]

Yeah. Probably an easy fix. But I can’t figure out how to see my MetaMask account that’s connect to my ledger on my phone.

[pine maple]

Hello! If I were to claim my rewards, can I restake it in the LP, or does it automatically go back to the normal pool?

[brisk surge]

when you claim your rewards which are either sILV or ILV, neither of which can be staked in the SLP pool as they are not SLP tokens, they autimatically get staked in the normal pool

[pine maple]

Thanks! So to be clear, there is no option to provide additional eth so I can throw those rewards into the LP right?

[clear cape]

@low fern you need half eth and half ilv to create the liquidity token

[low fern]

Thanks

[clear cape]

You cannot put any rewards generated into LP. you would need to create more SLP for that

[pine maple]

Ok so to confirm. I CANT take rewards in ILV and add in my own eth to create more SLP tokens. I must purchase the ILV separately to create any more SLP tokens?

[clear cape]

Yes

[gentle axle]

Does anyone know if staking flexibly with SLP and withdrawing rewards every 2months for vesting is a decent approach? It will be compounding. Or will locking for 1 year give waaay more reward at the end?

[cunning perch]

Hey. Well ofc locking for a year gives you more weight and therefore more rewards. Claiming is also dependent on your stake size and how much you are will king to spend on gas

[gentle axle]

Thanks, so when you lock in your SLP you cannot claim your rewards at any time? or is it simply that your initial SLP is locked for a year but you can still send rewards for vesting whenever you decide it while considering gas fees etc.. ?

[clear cape]

Do it 1 year man, that approach just sounds crap. Or at least a 6 month solid lock

[cunning perch]

When you Lock yous stake (in whichever pool) you can claim when ever you want. This can help you with gas:#🥩〕staking message

[gentle axle]

Ohhh then it makes so much more sense to lock it. I had assumed that both my rewards AND my initial stake were locked for 1 year. Knowing I can withdraw rewards for vesting anytime is great

[cunning perch]

Your ILV rewards will always have to vest for a year. If you stake in the FLexible pool, you can withdraw your stake any time. That's where you get fewer rewards due to the 1X weight

[gentle axle]

Yup I know about the vesting part, but If somehow every 3 months I send rewards for vesting, then in 1 year from now every sequential 3 months I can withdraw ILV. Like some sort of constant income - eh I mean just some thoughts..

[clear cape]

The constant income will be revenue distributions

[gentle axle]

Revenue distributions will be locked in any way? I mean things I can cash out and go pay my rent with

[fierce galleon]

I also cannot See my ILV tokens on the phone app (i'm using apple) I can only ever see my ILV tokens on my meta mask via my computer. Been that way the whole time

[clear cape]

Rev distributions are unlocked

[cunning perch]

have you added the token address manually to your wallet?

[low fern]

I’m considering selling 2 of my 5 tokens so I can buy ETH for SLP. The yield is just so high

[fierce galleon]

Yup. It refuses to show on the Phone app. Scared the shit outta me cause I dropped $1k on it first buy. I thought i got scammed and it disappeared.

[cunning perch]

So you have added the token address and where did you buy it from?

[raw orbit]

Do u have to own a whole ilv to stake? And where do u stake then in the exchange we bought them like Crypto.com?

[gentle axle]

Reading this about revdis has left me even more confused and no idea if what I have is currently eligible or not: https://www.publish0x.com/ilvfi/illuvium-revenue-distribution-explained-xlzeyom

[cunning perch]

Hey. It's NFA, but I suggest try staking more than 1 ILV or the gas will he horrible for your claims. ALso, to stake, you need to have them in your wallet. I believe Crypto.com wallet is compatible with ILV website too. Not sure.

[fierce galleon]

i bought Ethereum on MetaMask and Swapped it into ILV tokens... also via MetaMask

[cunning perch]

Ask your questions and I'll help you

[cunning perch]

I mean did you swap it using Sushi?

[fierce galleon]

i have zero idea what blockchain was used by MetaMask. All I know is I did it right from the application. Sushi's Gas prices are always so ridiculous. so nope

[cunning perch]

Well that's what I can't figure out. You bought ETH from MM. Where did you get the ILV from? cuz afaik MM doesn't sell ILV. 🤔

[fierce galleon]

I dont know man. I get super stoned and go into these meditative states and just make money. By the time I come down i'm likke..... ohhhh snap... look at what i did. fuckk yeah.... GAINS.

[cunning perch]

Well I guess there is something off here. @manic spindle do you know if MM sells ILV directly? is it possible? Cuz I can't figure out this problem tbh

[gentle axle]

Thanks, here goes: I have some SLP currently staking, flexible (planning to save up to re-stake it for 1 year lock). So far it has generated some ILV as reward, which is unclaimed. What part is eligible for revdis, my ILV fraction within the SLP token which is currently staked, my unclaimed ILV reward that is still accumulating from the SLP being staked? both? Now, say I claim my current reward and it is sent for vesting for 1 year with a weight of 2. Does that compounding vesting reward count for revdis? I see that there are dates about which 'portion' of ILV tokens are eligible etc.. which is indeed confusing as well. Sorry for this lengthy chunk I hope I made sense, thank you

[manic spindle]

To my knowledge there is no way to get ILV directly from within MM. Would be new to me.

[cunning perch]

OK. the simplest version:

1. your SLP = ILV + ETH.....so the ILV part (how much ever) gets RevDis.

2. unclaimed rewards WILL NOT get RevDis until you claim them in form of ILV. After you claim them, they will be locked for one year with a weight of 2X and WILL 100% get RevDis 🙂

[fierce galleon]

I just DM'd you a screen shot of it

[gentle axle]

Awesome, yep that does clarify it. What about the date cut offs mentioned in the link I sent, are they true?

[cunning perch]

Just checked. I have no idea what that is tbh. 1st time seeing it. 🤷‍♂️ Well if you have added the addresses below manually to MM, then you should see the tokens. If not, I don't know where you have bought them from

!contract

[woven ibex]

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

[steep knot]

Just bought ilv on binance, what should I do if I want to stake? newbie here

[fierce galleon]

!contract

[cunning perch]

didn't understand the dates. Can you elaborate?

[cunning perch]

already sent you above 🙂

[fierce galleon]

what am I supposed to do with those addresses?

[cunning perch]

Hey. You can watch this first https://www.youtube.com/watch?v=C6YugU4zZr4

[cunning perch]

add the addresses manually to MM. "add token" and paste the ILV address and add it

[gentle axle]

Nevermind I read wrong. 3am I am off to sleep thank you very much for all your help the past few weeks. Cheers

[cunning perch]

Thx. I think he has done something by the photo he sent me but it's all new to me too 🤷‍♂️

[cunning perch]

No worries 🙂 happy to help

[open pebble]

1300 den we go

[fierce galleon]

I dont want to mess up my wallet. or get scammed bro.. I'm too green for this shiz. I sent you the screeny. Its real. I'm not about to throw an unknown addy in this bitsh

[cunning perch]

price in #💰〕token en plz

[steep knot]

Thanks much

[cunning perch]

that is the token address if you wanna see your tokens in your wallet . what scam are you talking about? 🤔

[fierce galleon]

Oh LIT. Yup that did it.

[cunning perch]

lol I'm a Mod man 😄 I will never scam you haha

[fierce galleon]

Now I can see it all easy like friend. thank you. And my bad. I don't even trust nuns bruv. XD

[cunning perch]

You can trust Mods here. 🙂 don't worry about it

[cyan rampart]

This is a good practice 😛 Sometimes people impersonate mods

FWIW adding token IDs to your wallet is a generally safe practice.

[fierce galleon]

Yeah. I dont trust no one. I'm on top of every fucking thing. If you slip one past me you are probably Satan himself. Real fucking talk. I've been through all the scams already. I don't play that shittt

[gentle axle]

I am back for another one, apologies. Do we know a rough plan of much revdis will be distributed per ILV?

[hollow herald]

My problem is that I connected a MetaMask wallet to my ledger on my computer, but I can’t pull up that account on my phone wallet

[cyan rampart]

Between $0.70/month and $25000/month depending what sources you like to listen to.

[cunning perch]

you cannot use the MM-Ledger wallet on phone. It's normal

[hollow herald]

Even the ledger X with Bluetooth?

Or even if I can’t interact with it can I just view it?

[cunning perch]

yep. I use the same thing and can only see the wallet on extention. Ledger X is not MM-phone compatibe

[cunning perch]

you can inly use Ledger Live on phone I believe. that is afaik

[fierce galleon]

I think maybe i purchased the tokens directly from Illuvium via their address? Maybe? I know I didn't use Sushi.com because of how high the gas fees were and the fact that I didn't want to buy siLV. So maybe i bought it through MM via Lynch.io

[cunning perch]

ILV doesn't directly sell ILV. So you might have bough it from somewhere that none of us have heard about.

[quiet hatch]

Does anyone have a link to something that shows what the circulating supply will be at different points in the future? E.g. once the token unlock starts, and every few months after that?

[fierce galleon]

Again. I really dont know how I got it. I got super stoned and deep dived to figure out how to get my money in.... I have shit short term memory. All I know is I gots my monies in as early as I could. and with as little gas fees as possible.

[cunning perch]

you should be able to find the pic (figure) here in the mediums in #🔗〕helpful-links

[cunning perch]

You could always buy from Binance and fully gas-free and be safe. There are legitimate CEXs and DEXs that sell ILV

[fierce galleon]

My bank wouldnt let me buy from Binance.

[cunning perch]

how about KuKoin/Crypto.com?

[quiet hatch]

Gate.io is where I originally bought mine, as I wanted to average in (instead of using sushi/1inch)

[fierce galleon]

can you DM those so I remember them. please senpai. 😄

[cunning perch]

yeah but Gate.io lost our support due to some immoral trades/numbers afaik

[cunning perch]

sure

[fierce galleon]

All I know is that I'm staked now. So my money is safe for the mean time right?

[past ridge]

What is the staking APY/APR?

[cunning perch]

staked? you will only be staked if you stake on ILV website not keep the tokens in wallet if that's what you mean

[brisk surge]

as in what is it definition wise or what is the percentage?

[past ridge]

The % 😄

[cunning perch]

you should be able to connect the wallet to ILV website and check

[quiet hatch]

Faaair, yeah this was before the Binance launch and I can't say I enjoyed my experience on gate lol... Incredibly illiquid.

[cunning perch]

yeah haha 😄

[fierce galleon]

Yessiree. I'm staked at 1.1 ILV Fixed for 24 weeks

[cunning perch]

https://tenor.com/view/clapping-leonardo-dicaprio-leo-dicaprio-well-done-applause-gif-16463566

[fierce galleon]

I wish I was that fella. Either Leo OR the Wolf he's representing. LOL

[quiet hatch]

Found it

I think it's probably different now too, because I think this was before the upper management changed their vesting period.

https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[cunning perch]

the dig bore fruit sorry I didn't send the pic. I'm literally chatting to 5 ppl at the same time in both PMs and DMs 😄 got he hands full

[quiet hatch]

Dig bore fruit? 😂

Edit: ofc I've read this article before, and Derajis, but it's still difficult to tell from them what the circulating supply with by month by month for example, without doing the math myself.

Ah I guess I could try in excel haha

[cunning perch]

I'm at the edge of my English. felt poetic haha 😄

[cunning perch]

it's all rough estimates, though you can find Stormi's vid useful too

[cyan rampart]

You can pretty easily work out a decent estimate at particular points in time. You could also fully chart it if you were into that kind of thing.

[quiet hatch]

Yeah I think I'll have a go at doing it tomorrow in excel/sheets!

I guess it's not that difficult actually, as they're all linear unlocks.

Cool :D

[fierce galleon]

I bid you farewell hombre. Enjoy this glorious day. and grab life by the poosy.

[chrome turret]

What's a solid gas price now-a-days?

[cyan rampart]

If you're having a crack at it, note that the 1M in-game rewards and the 1.8M treasury are basically unknowns. Some portion of them could be circulating beyond March 2022, or could potentially not be.

[cunning perch]

anything under 40 Gwei is good if you can catch it.

[quiet hatch]

Ah yeah also the staking yield is exponential... Ah but it decreases a fixed amount every 2 weeks, I can probably factor that in too xD

[chrome turret]

Is there a good time of day/week?

[fallow halo]

Who’s got a conservative prediction on how much revenue distribution one might get per ILV token per month

[cunning perch]

Weekends usually tend to be lower. Though it's no Guarantee

[cunning perch]

Ah....wrong channel 😄

[cyan rampart]

I struggle to model that properly, I can get within 10% error at any given time though.

[quiet hatch]

I'm still waiting since last weekend for sub 40 gwei 😂

It does usually go sub 40 at weekends tho....

[cunning perch]

well I hope it does this weekend. Badly need a claim myself

[fallow halo]

What is the proper channel?

[cunning perch]

#💰〕token

[chrome turret]

I appreciate it thanks

[quiet hatch]

Do you have a Google sheet you could share to save me getting angry tomorrow at my inability to math 😅 ?

Or at least give me a base to look at 😬

[cyan rampart]

Nah the only times I've tried I just threw some stuff into wolfram

[quiet hatch]

Yeah.... I will also find out whether it only claims the amount from last weekend, or the full amount that has accumulated during the wait!

I'm assuming it's going to be the amount from last weekend though >=[

[cunning perch]

still waiting......your patience is commendable m8 lol

[quiet hatch]

Then I'll get to it tomorrow 😬

[quiet hatch]

A lifetime of being tight 😂

For real though, if it doesn't claim tomorrow I'm going to have to increase the gwei for Sunday and pray it goes down to 40-45 or something 😂

Haven't tried using the "speed up" before yet...

[low fern]

Do you guys think I should sell 2 of my 5 tokens to stake all 3 in SLP? I can’t afford to do it with all 5

[cunning perch]

it should be smooth. That is if gas is cheap. I can't take the word "pending".....I'd go crazy lol

[cunning perch]

well that's a personal decision. Always know how much gas you will have to pay for that

[limber yacht]

gas is so fucking expensive is crazy

[quiet hatch]

Become the pending zen master

It's just nice to not need to check every 10mins "is gwei low enough yet" and then end up missing it and suddenly it's back to like 100+ again.

I just set the transaction on Friday night and usually it claims overnight for me.

But... obviously this week I have experienced the negative aspect, as gwei stayed pretty much above 70-100 all weekend and all week

[cunning perch]

haha I feel you. Well I always wait for the gas = 1% of the value of pending rewards. Has worked so far for me

[quiet hatch]

Mmm yeah that makes sense, may consider that method going forward if gas continues to be silly -_-

[cunning perch]

sure. I have never paid gas more than $35 and I always use fast gas 🙂

[alpine glade]

Using this method, approximately what amount of staked ILV would be needed to be able to do this without having to wait months before claiming lol

I’m DCAing into more and more ILV and would eventually like to stake but I don’t have enough at the moment to make it worth the fees

[cunning perch]

Doesn't matter. I wait if I have to. Depends on your wait tolerance, how much APY you are willing to lose, or which pool you are staking in. In the end, it all come to you and your decisions. That's why it's a manual claim for you to do it whenever you feel comfortable

[brisk surge]

Hello guys! I am new and I may wonder if someone can explain me what is the staking part of this game please?

[alpine glade]

I’m fine with waiting, but I’m more concerned with basically losing my APY to the gas fees making staking not worth it for me. I know it’s hard to put a number on the amount needed to make staking worth it but that’s sort of what I’m trying to find

[cunning perch]

Hello. Welcome. I suggest reading these docs and watching the vid in the pinned messages to have an over all idea. Then if you still have questions, please ask. 🙂

[woven ibex]

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

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

[alpine glade]

And then wait until my DCA reaches that point and go ahead and stake everything. I think I could minimize fees as well by buying ILV on crypto.com and then sending to MetaMask, I wouldn’t have to pay the conversion from ETH if I do it this way

[cunning perch]

Sure. You could do that. You could buy on Binance too and send it to MM. You could also use the calculators pinned in the channel to help you.

[junior crow]

when does 2.0 weight option become no longer available?

[cunning perch]

Probably when everyone stakes with the same 2X weight.

[brisk surge]

Are ALL ILV rewards subject to 12month lock? Even if my staking is Flex? thanks

[cunning perch]

All ILV rewards yes. After you claim them they will get locked for one year. Unless you claim sILV.

[wide lily]

What's the reasoning behind the 12 month lockup? Is it just the rewards or are all of your ilv tokens locked

[trail karma]

the ilv is locked based on what u decide when staking, rewards collected are automatically staked for 1 year if im not mistaken

[wide lily]

So you can decide how long your principal is locked up but you can't get any rewards for a year?

[whole saffron]

every ILV rewards are vested for 12 months the moment you claimed them

and it gets auto re-staked

[wide lily]

Is that the plan forever? So you can never get all your rewards back lol?

Seems like stake > claim which is autostaked > claim those rewards which are then autostaked

Just trying to understand the mechanics

[whole saffron]

better things are coming in V2 staking 🙂

[final steppe]

When you claim rewards, they become vested in the ILV Core Pool and locked for 12 months. Once that 12 month vesting period is up, you are free to withdraw the tokens. Withdrawing will remove the tokens from the pool and link them to your wallet address instead... no 12 month vest to do that.

But yeah, any time you claim ILV rewards from yield farming, those rewards will be subject to that 12 month vesting period. However this doesn't last forever as yield farming rewards will no longer be distributed after 3 years 🙂 So assuming you claim ILV rewards on that very last day of the 3rd year, you'll have all of your rewards back by the end of that 4th year.

After that point, it's just revenue distributions which are unlocked when you first receive them and you're free to do with them as you please!

[chrome slate]

Hi just checking once my slp is unlocked what happens until I restake it again?

[final steppe]

As it stands now, once your SLP is unlocked, it will remain staked in the pool with the token weight you had when you first locked the tokens until you decide to manually withdraw the tokens 🙂

[chrome slate]

Ah I see so it's up to myself if I want to restake with a higher weight

Okay but let's say I do decide to restake, I'll be paying fees once or twice?

[final steppe]

Right now, you'd be paying fees twice, minimum.

You'll pay a fee when withdrawing the tokens.
And then paying a fee to stake them again with the higher weight.

Annnd if you end up having some more ILV rewards accumulate by the time you go to stake again, you may end up paying another fee to claim pending rewards 😮

[chrome slate]

Damn

Well I guess I'll have to claim some silv for the land sale eventually so I guess I'll just go with it but the gas fees are so brutal

[final steppe]

The Staking V2 proposal does aim to make it better for everyone gas-wise in the future... but the specifics of that are not confirmed yet.
So keep an eye out for that when Aaron puts forth the proposal!

[chrome slate]

Yeah I'm really looking forward for that to really maximize the efficiency of claiming rewards or restaking, for now I guess I'll have to stick to good ol 70-100 gas fees at minimum

Thanks for all the help by the way!

[daring sparrow]

Is there any way to transfer stakes ILV to another wallet? I was using atomic wallet but its been hacked...

[low fern]

So imagine someone buys both ILV and ETH to stake SLP. They’d be paying a gas fee 3 times?

And if someone bought ILV, converted some of it to ETH and then staked SLP they’d also be paying gas fee 3 times?

[gloomy gazelle]

Not until the deposit unlocked. And not until v2 has been implemented

[final steppe]

In each of your scenarios, that is possible, yeah.
Also depends on how this someone is purchasing their ILV and ETH 😛
You can technically purchase both with fiat currency on the centralized exchanges and avoid a gas fee(s) that way

But what's certain is that once the ETH and ILV are in your wallet, you will pay a gas fee to provide liquidity and receive SLP tokens.
Then you will pay a gas fee to stake those tokens.
(Ah, you may also pay a minimal gas fee to APPROVE the use of the SLP token before you can actually stake it too 😉 )

[daring sparrow]

thanks - quick followup, will it unlock automatically or will I have to tell it from the website

[daring sparrow]

sadly have 2 ILV stolen 😦

[gloomy gazelle]

It will remain staked unless you withdraw it. Which should help

[daring sparrow]

thank you - would like not to lose all my ILV 😦

[gloomy gazelle]

Yeah. Get a ledger or trezor or something for your next wallet. Hardware cold storage

[fierce galleon]

If i Stake another $1k on top of my previous money stake... what happens? do they combine into the new contract or will it just be adding into the first stake contract or will I be holding two separate contracts? I plan on Staking it into the same Core ILV pool

[gloomy gazelle]

You will have a separate deposit batch. In order to add a new deposit to a pool that you’ve already staked in you will need to claim your pending rewards as part of the staking process. Click stake and it will walk you through it. Do NOT claim from Rewards tab prior to adding another staked deposit.

Eventually with v2 we should be able to get around this and also withdraw all unlocked batches at the same time. But currently we cannot

[daring sparrow]

Yeah learned the hardway, thanks

[daring sparrow]

any idea when v2 will be out?

[gloomy gazelle]

Not really.

A month or 2

Will need to get an official IIP to the council and then get voted

[daring sparrow]

Thanks, mine would unlock for another 200 days, so if I understand right, I would be able to unlock and send to a s wallet directly from the ILV site, correct?

[gloomy gazelle]

The team is working on it even without full approval though.

[gloomy gazelle]

Something like that. It’s not clear. Probably it will be part of the migration process from v1 to v2

[daring sparrow]

Thanks for answering my questions, obviously this is a trying time -_-

[ornate thorn]

hi. is there any way to transfer the staked ilv contract to another address?

[gloomy gazelle]

@ornate thorn checkout this thread

[fierce galleon]

alright. So I am allowed to have two separate staked pools or wouldd you suggest i consolidate it into the same pool?

[topaz ridge]

How much is the gas fee for staking?

[ornate thorn]

mm i see

[fierce galleon]

I paid $160 in gas fees today to stake at around 9:50 AM PST Gas price was fluctuating as high as $280. Gotta find the right time.

and $160 is high in gas. You can theoretically pay as low as $35. I had a serious case of FOMO with my paycheck. was sitting on ILV but I didn't have enough money to cover gas fees to stake it.... sound familiar? 😄

[cyan wagon]

hi just to double confirm, V2 staking for 2x weight locked for 2 years still?

[autumn cloak]

Not confirmed no. In fact, they were talking about getting rid of that. But we just have to wait for the proposal to the council.

[cyan wagon]

alright thank you!

[cinder slate]

when we provide liquidity on the dex do we only add eth? or do we add eth+ILV . Or will it auto split the amount into half eth half ILV?

[autumn cloak]

Are you trying to make an SLP token?

[cinder slate]

and what does weight 78% mean?

yes im in the illuvium dex

[autumn cloak]

Not sure what you mean by illuvium dex. SLP tokens are acquired by providing equal parts ETH and ILV in the liquidity pool on sushiswap and then paying the gas fee

[cinder slate]

oh i guess its sushi lp on the uilluvium site

[autumn cloak]

Gotcha. Yea you just go onto the LP on sushi, and you need to have equal parts ILV and ETH in your wallet, plus extra ETH for gas. You input the amounts, get the token, and then stake it on the website(assuming you are wanting to stake it that is)

[cinder slate]

thank you i get it now ..

[autumn cloak]

👍

[ashen perch]

I’ve switched my network back to etherium mainnet from polygon network but, I keep getting this error message. Does anyone know how to resolve this issue?

[autumn cloak]

Just curious, what wallet are you using?

[idle niche]

Usually works aftee i refresh it

[ashen perch]

Metamask, I’ve tried refreshing but still getting error

[autumn cloak]

Hmm. What browser are you on? If not on chrome, use chrome. If you are, try updating your browser and wallet and clearing caches

[ashen perch]

I think it’s safari, but those are good tips I’ll try that

[brisk surge]

Yeah I would also try closing it on your phone, restarting it, or using a different app but if you have used it before not sure why it would have a problem now.

[ashen perch]

I just started using polygon network and this was first time going into illuvium website

[candid oxide]

can someone explain staking like i'm 5?

[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]

You can watch this video ^ that explains the entire staking process etc

[candid oxide]

aye thankyou kindly

[full sedge]

Hey guys, its been 3 weeks and I'm dying to claim my rewards, is there a way I can set gas limit to 80 and then just wait for it to go thru whenever ?

[nimble tendon]

Set a fixed gas price, but set a high limit so it doesn't get out of gas. Or just wait a bit

[violet forum]

As Tony mentioned, just watch that video created by Rahlord. Gas (GWei) is always too high, so make sure to pop the GasNow site (as Rahlord mentioned) so you can always monitor the different Gas prices. Also when I’m about to confirm the Gas fee, I always change it close to the “Standard” GWei so I can pay less, and although sometimes it will take about close to an hour for the transaction to be processed, at least it still gets the job done.

[kind lark]

Guys, ive been away from illuvium for quite a while. Been very busy outside the crypto world.

I staked a little amount of 0.35 ilv lastaug or sept which i bought when ilv is around 400 to 500ish.

Is my 0.35 from that time so low? Is it still good to add more?

[brisk surge]

Well since that time it has went up in value as the amount you want to stake that's entirely up to you and what you can afford.

[kind lark]

Yeah just saw the value today and was excited to go for more again.

[brisk surge]

Yeah man if you can add more and you are passionate about this project, why not!

[vital kayak]

This is a SIGNIFICANT PROBLEM on METAMASK and iPhone @hexed bough

[civic hemlock]

Hey quick question! I have staked SLP for awhile and have pending rewards. Do I need to claim the ILV to restake for the added percentage? Or is it compounding unclaimed

[vital kayak]

I deal with this a month ago and now it’s staring again this week . @ashen perch turn phone off and on

[elder dawn]

All rewards claimed as ilv move to the ILV core pool regardless of which pool you're in. Unclaimed rewards don't compound

[surreal valley]

Question guys. Because it seems kinda too good too be true. So let’s say I have 10K. If I put it into a SLP pool for 1 week it says I’ll have 200%… so I’ll have 30K in 1 week to cash out for sILV right away so I’m ready for land?

[tepid cedar]

It's APY

[surreal valley]

Ah got it 👍

[tepid cedar]

that 200% is for a year, not a week. So you would have to do the math, but it wouldnt be 200%. more like 4.5% or so

[surreal valley]

Yeah I understand I was confused on what someone said earlier. Thanks for the clarification

[loud furnace]

Ok, I'm super excited, I did my first staking transaction today, and I staked SLP. Now what?

Do I just wait and come back in a year and do it again?

[cyan rampart]

You can watch your rewards accumulate and claim them when you think there are enough to justify the gas fees 🙂

[loud furnace]

But once I claim a portion, they go to the vesting side of things correct?

[cyan rampart]

Correct, rewards start their 12 month vesting cycle once you've claimed them as ILV. If you claim them as sILV, you recieve them immediately.

[loud furnace]

ok so I just started my first stake for one year.

As I claim my rewards, the rewards start their own one year count down corrct? as vesting

[cyan rampart]

Yeah, that's correct, as soon as you claim, that batch of rewards starts their own 12 month vesting cycle.

During that time, they are staked at 2x weight in the Core ILV Pool.

[marble heath]

i staked 1ILV 2 months ago and I'm kind of regretting locking it in for a year. shouldve just traded it. it only gained 0.06ilv and i can't even claim it because gas fees are nowhere near justifiable for that amount

[granite halo]

Gas going dooowwwnnn yes

[loud furnace]

What happens after the one year is up on my original SLP stake? What happens after the one year is up on the vesting ILV?

[loud furnace]

When I claim them, they are moved automatically to the core ILV pool?

[cyan rampart]

Yeah, if you claim rewards as ILV they are automatically staked in the Core ILV Pool for 12 months (which we generally call the vesting period).

Hey, compared to the past week or so, gas is pretty cheap right now...

[loud furnace]

What happens after the one year is up on my original SLP stake? What happens after the one year is up on the vesting ILV?

[cyan rampart]

Your original stake will be unlocked. It will continue to generate rewards until you unstake it. Your rewards will continue on their vesting cycle until they unlock. Anything unlocked (stakes or rewards) can be withdrawn by you at any time.

[loud furnace]

If I decide to stake some more SLP a few months later down the road, will that be treated as it's own transaction and time table, or will it be added to the staking portion I just started?

[elder dawn]

It will be it's own stake with it's own lock up timing, but all rewards are pooled in the same place, so claiming will redeem from both in one transaction

[hollow geyser]

@manic spindle Ive been here since the $300 range and I need your help wth Staking! I never locked my tokens as I was never sure when I would need the money. Im not in a position to lock tokens but confused about how much ILV I was receive cause of the amount ILV has gone up compared to eth. Does the APY% calcuated on the amount USD value of the ETH/ILV you stake?

[brisk surge]

I recommend using this calculator for those estimates every fortnight (2 weeks) the rewards go down by 3%. If you use this site you can calculate that https://cooper1903.shinyapps.io/stakingyield/

[loud furnace]

How long will the APY on SLP and ILV staking last?

[brisk surge]

3 years

[loud furnace]

3 years from when?

[cyan rampart]

The APY can be affected by a variety of things.

The Total Rewards distributed decreases by 3% per fortnight (every 2 weeks). 80% of rewards go to the SLP, 20% go to the ILV Core Pool.

The Core ILV Pool APY decreases with increased investment as well (and increases if there is less investment, which isn't common, as all vesting rewards funnel to the Core ILV Pool)

The SLP is a bit more complicated - the APY can decrease with increased investment in the pool, and can also increase or decrease with price movement of the component tokens.

[brisk surge]

Since June 30th

[loud furnace]

After the 3 years, what will be the incentive to stake?

[cyan rampart]

Revdis, mostly.

Only staked tokens receive revenue distribution.

[loud furnace]

Is that paid out in ILV as well?

[cyan rampart]

Yeah, revdis is paid out in unlocked ILV tokens. It's probably worth a read through the tokenomics of the project, let me find a link.

[loud furnace]

Thanks.

[cyan rampart]

!ilv

[woven ibex]

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

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

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

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

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

[cyan rampart]

Article 9 and 29 cover most of it. I feel like there's one other good read - it might just be the whitepaper tbh

[dull notch]

Hey guys, could you please let me know how much to keep aside for gas if staking in the liquidity pool for the first time?

[brisk surge]

Do you already have SLP tokens?

There is a calculator in the pins that can help with estimating all the gas fees.

[brisk surge]

I would say have around $500 to $1000 worth of ETH just for gas

[dull notch]

Oh thanks guys, found the calculator as well. @brisk surge @brisk surge

[boreal cape]

GWEI below 100, something to behold!

[hollow geyser]

Thaks for this! What im trying to work out the APY is based on the value of the tokens at the time. So when staking when ILV was only worth $350 you would get more tokens as they were worth less correct?

[brisk surge]

You got more tokens before since the amount of ILV distributed was more back then as you can see from this image.

[hollow geyser]

yeah ok, I remember back then it was at 600% APY

So my question is how does the value of the token effect the amount of tokens you get from staking?

[brisk surge]

It's effected by a couple factors including TVL to the total amount staked and also ILV/ETH ratio, if ILV goes up in percent higher compared to ETH then the yield farm APY goes up.

[hollow geyser]

yeah ok, thank makes sense!

[barren tusk]

What's reflected on our staking page is the APY right? Not the APR?

[brisk surge]

Yes

[brisk surge]

God only knows what that number is. It is lower than the current APR last time I checked though.

[barren tusk]

[hollow geyser]

Thanks heaps man

[brisk surge]

I mean its weird to try to calculate APY on something with a variable rate. And whether or not it can or should take compounding into account is a whole nother animal.

[cyan rampart]

In tradfi terms, it's APR. The compounding isn't factored in, because you can claim whenever you want.

TBH I suspect it's called APY because it's "Yield Farming".

[brisk surge]

Yeah, I think it does take into account the future emission reductions though. Which also makes it not APR its just a weird undefined calculation.

[clear cape]

im hoping gas is lower in like 5-6 hours from now on

[hollow geyser]

I hold 10 Ilv and dont stake and feel like I should be ahha

[clear cape]

prob should stake with that amount tbh

[brisk surge]

Unless youre definitely planning on selling within the next couple months it would be worth staking. Especially if you can find gas at like 50gwei.

[hollow geyser]

Yeah but because ILV has gone up by so much I need like 10k worth of Eth to match it for SLP

[clear cape]

you can split it into 5k/5k usd lol

but hey, at least u got liquidty :p

[hollow geyser]

yeah but then I have to sell ILV 😦

[brisk surge]

With the land sale coming up it might be worth holding the ILV or staking in the ILV pool. I think we are nearing the point where the risk of IL actually might rival the yield of the SLP pool.

especially for 'smaller' (less than $25k) stakes.

[gentle axle]

Because ILV will shoot up in value more than eth and decrease in the SLP and that will be cancelling more the ILV rewards it generates?

[brisk surge]

Yeah, ILV going up and reducing the ILV quantity in your SLP plus the decrease in rewards emissions. PLUS revdis will start before too long which favors ILV over SLP from a $ cost perspective.

Impermanent loss is kind of a weird name since you can suffer IL and still be in profit. Its really just an opportunity cost.

[full sedge]

What’s the highest limit I can set?

[vagrant oar]

Say I have a lower amount of $ILV liquid that I am looking to stake in a core pool. Does anyone have recommendations on whether it should be staked in ILV or SLP if it is around 2 $ILV or if it should be kept liquid?

[atomic lagoon]

If you stake 2 ILV in core pool, you will get about (0.02 ILV) per month based on my experience. If you stake in SLP pool, you will get about (0.75 ILV) per month. These are just rough estimate based on how much i got previously. I would recommend to watch a few videos on youtube about staking before you decide. You can find some videos in the pinned message as well. (P.S. the above numbers are all based on 52 weeks lock)

[vagrant oar]

Appreciate the feedback

[atomic lagoon]

You will need to factor in the gas fee in your decision, which can be a bit much for SLP pool

[vagrant oar]

Yes, this is what I’m calculating now as a factor of the pool i choose

[past falcon]

There is a pretty good calculator that helps you calculate the daily returns: https://docs.google.com/spreadsheets/d/1Pm6b54YRTjdv6cDmWwudyejk2aA8XSEB5CgzKWe1N20/edit#gid=1081806308

[past falcon]

And here is one, that helps you calculate the fees of every transaction: https://docs.google.com/spreadsheets/d/1-yorrLEO7051B8ELI7eBtAOohYn8DME4peMPavxcUuw/edit#gid=0

🙏🏻 to @ripe steppe and @elder dawn 😀

[spring parrot]

When I'm about to unstake from ILV core pool should I sign two transactions in my Metamask or just one?

[digital ether]

where else can i stake my Chainlink now the flash pool is finished? preferably a game project but any good project would do, thanks!

[past falcon]

This thread is ONLY about ILV staking. You can put your question here #💬〕general

[agile hearth]

Does the vesting start from the date I claim my ILV reward? Also, the website mentions that the ILV reward compounds during vesting, what does this mean?

[atomic lagoon]

Yes it starts from the date you claim. While the reward are in vesting period, the amount is considered as staking in the ILV pool for 12 months lock and you will get the reward and revDis based on the amount vesting also.

[agile hearth]

Got it thanks 👍

[bright heart]

Hey guys. I tried claiming both my pools as ILV, my first transaction(ILV pool) went through, but second one(SLP pool) failed. Is there no way around me claiming ILV pool again?

[spring parrot]

Hey, could you tell me what is the procedure of unstaking? At first, I should claim unclaimed rewards and then withdraw?

[brisk surge]

You go the staking.illuvium.io go the Vesting tab and then go to your SLP or ILV amount and you should be able to unstake if you didn't lock your tokens for a certain amount of time.

[brisk surge]

You would have to try claiming that pool again these type of issues will not present when v2 staking comes.

[spare crag]

Hi all, I am new to here, I would like to know if I want to stake ILV but I bought in Binance before instead of Sushi Swap, is ETH(ERC20) the only network that I should use to send to MetaMask wallet before staking, even it has a higher gas fee than BSC(BEP20) network? Thank you in advance.

[bright heart]

You should use ERC20. If you fail to use the correct network you absolutely can lose your token. Pay attention to everything during the process and double check addresses and such.

[cyan rampart]

Yes, you should absolutely send your ILV for staking as an ERC20 on the Eth network.

All staking for ILV is done on the ETH network.

[spare crag]

Understood. Thank you both @bright heart @cyan rampart

[bright heart]

https://tenor.com/view/ilv-illuvium-one-of-us-wolf-of-wall-street-gif-23354367

[real tide]

Hi guys, I am still trying to get my head around the Sushi LP core pool. Few month ago I added 0.3 eth/ILV using the flexible option. I just withdrew but I didn't get any ETH or ILV back to my wallet. The reward got sent to the ILV core pool (which I also use).

does anyone know why I didn't get my coins?

[brisk surge]

The rewards for both ILV/ETH and ILV pools are either sILV or ILV so it depends which one you claimed. If you claimed ILV then it's going to add that amount to your staking amount.

[real tide]

Thanks Tony I understand the rewards, but what about my initial coins? The 0.3 ETH and 0.3 ILV i initially put into the pool.

[brisk surge]

Did you lock those amounts if you didn't you would be able to unstake so I would check that first?

u get the LP back -- then go to Sushi to trade it back for those ILV/ETH

[real tide]

ah ok that's the step I missed, thanks man!

[woeful oyster]

One message removed from a suspended account.

[brisk surge]

The rewards automatically go to the ILV pool

[ornate mesa]

what is the link for sILV on uniswap or is it on sushiswap??

[woeful oyster]

One message removed from a suspended account.

[brisk surge]

It's on uniswap https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da

[woeful oyster]

One message removed from a suspended account.

[ornate mesa]

would want to chose ILV over sILV but if its going to be added to my vested pool, if its too little of an amount, maybe in 12 months I could not get it due to high gas fees. advice please? 0.63 ILV rewards only

[brisk surge]

GAS fees can run 100's -- u can check the fees and then cancel

[ornate mesa]

thanks for the link @brisk surge and @woeful oyster

[woeful oyster]

One message removed from a suspended account.

[ornate mesa]

0.63 ILV = 763 right?

[brisk surge]

yes

[ornate mesa]

I think so also. So do I need to do anything to my ILV after I claim the reward? do I stake it somewhere?

[eager fractal]

it's automatically staked for a year, you can see it in the vesting tab
edit: also the dashboard should reflect

[ember rock]

Hello
Can someone put lights on ilv staking??

[brisk surge]

if you claim ILV it will go towards ILV pool and locked

[sacred cosmos]

What you need to know just ask it here and someone will be able to help you

[ornate mesa]

thanks. Sending it rn . . . a year from now . . . well be seeing each other in an Illuvium sunrise!!

[eager fractal]

yes sir, LFG

[woeful oyster]

One message removed from a suspended account.

[ember rock]

I'm planning to stake ILV token
Want to know details about staking rewards

[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

[granite halo]

Gas is going dowwwnnnn I can feel my claim inching towards me.

[brisk surge]

With the rewards you either claim as sILV or ILV

[sacred cosmos]

Watch the video linked by the bot. If you have more questions after feel free to ask it here

[ember rock]

Ok thanks

[brisk surge]

You can also decide to LP

!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

[steady trellis]

.

[brisk surge]

Why is the gas price low but claiming ILV costs still 100$+

[brisk surge]

Currently each time you claim rewards it becomes more expensive then the last time in staking v2 you will not have this problem.

[brisk surge]

But why? It’s getting more expensive while the gwei is getting lower

[brisk surge]

It differs based on the contract. As I mentioned above, ILV ends up being locked for one year while compounding in the ILV pool with a weight of 2X which requires a more complex contract than simply claiming sILV which is merely a withdrawal one. So it makes sense for it to be more expensive to claim.

Claiming sILV has the same price for claiming it

[ember rock]

If I. Stake ilv for 1 year, and rewards are distributed fortnightly, can it be withdrawn??

[cyan rampart]

Rewards are distributed every block. Every fortnight, the total rewards distributed decreases by 3%.

Any time you claim rewards as ILV, they are automatically staked in the Core ILV Pool for 12 months, starting from the claim date.

You can claim rewards as sILV to receive unlocked sILV immediately.

[ember rock]

Mean rewards in ilv cant be immediately exchanged and silv can be immediately withdrawan and used to play game right??

[cunning perch]

Yes. ILV rewards will be locked for one year AFTER you claim them. sILV rewards will be sent to your wallet AFTER you claim them. YOu can choose either ILV or sILV with each claim. For both claims you need to pay gas. Depending on which pool you have invested it, you will have to pay different amount of gas

[ember rock]

Got it
Now if they are not claimed, what will be done??

[cyan rampart]

Unclaimed rewards just sit there waiting to be claimed. They don't accumulate their own rewards or anything, they just build up provided you still have an active stake.

[hot lynx]

Rentability 👀

[hot lynx]

And they do collect RevDis when it's out

[cyan rampart]

Unclaimed rewards don't collect revdis, as they are not staked. Only staked ILV (such as vesting rewards post-claim) collect revdis.

[hot lynx]

The staking claimed or not is getting RevDis

[cyan rampart]

The original stake does, yes, but the question was about unclaimed rewards, which functionally don't exist as ILV yet.

[hot lynx]

Agree that's the part within the question I speak of 😅I do I do I must
The droids you seek are not here 🤣

[ember rock]

Much appreciated 👍👍

[hot lynx]

Welcome follow punk 👍🏻

[sand cloud]

Gas at 80-90 is low. How I miss the times of 30

[cunning perch]

might see 30-40 tomorrow?!!

[sand cloud]

Could be :p but it's still expensive took a look at some other chain fees and almost couldn't believe it

[worthy peak]

https://tenor.com/view/vitalik-gif-21354241

[potent flare]

why would that happen 😮 or just wishful thinking

[cunning perch]

Positive thinking so the cosmos can hear me and drop it to 30 cuz I badly need a claim 😄

[potent flare]

same... my claim is sitting there for almost a motnh already x.x

[cunning perch]

Oh yeah. Mine is two weeks, but still, I don't watch the Dash if gas is high. I won't even bother, but kinda know what I would find if I do 😄

well claiming 200 ILV at 90 GWEI is still good 😛

https://tenor.com/view/holy-shit-holyshit-holyfuckingshit-adam-devine-gif-5108242

[potent flare]

only 150? you poor soul

[cunning perch]

my man....go easy on us

[potent flare]

easy 1.5ilv per day 8)

[cunning perch]

I know where that 150 sILV is going 😄

however unknown, we know T1s starts from under $10k, so.... how high can T2s or T3s go? you could guess 🙂

[ember ginkgo]

What do you know Arash?

[craggy wasp]

✅

[cunning perch]

Exactly what I said in my previous pm and what is pinned in #🎮〕illuvium-zero

Yeah nice job. I hope you get the stuff you are aming for

[sand cloud]

WHALE ALERT

Which tier you going for? 6?

You have 150 sILV and you thinking about 3? Doooood

[ember ginkgo]

If you can't get t3 with 150 sILV, we are all screwed

[sand cloud]

How much sILV you have?

[sand cloud]

Or rich af through revdis xD

[ember ginkgo]

150 sounds pretty prepared

[worthy peak]

I hope so

[lilac agate]

So I’ve noticed the rewards I’m getting for the Sushi LP pool are drastically lower, but APY is still pretty high at 430%

Am I missing some news or something? Did I just think I was getting much more rewards before? Lol

[potent oasis]

how do i unstake my Link from the pool ? do i just claim the ilv rewards

[sand cloud]

Should be in the vesting tab

[hot lynx]

Hey @cunning perch ,btw gas just dipped to unstake at 71 Gwei .. first time in 15 days 😭
Still 200 to $320 in gas why ? And no

[cunning perch]

70 is still good. could be better though. Still can get lower if it is tis low today

[cunning perch]

well.....SLP has it's own complex fas fees ofc

[hot lynx]

Correct and confusing and expensive
Btw I took that staking pinned spread sheet on ILV GAS transaction costs

Wow fast fwd to the days just before ETH 2 .. ETH 10K And 5k ILV

Wow gas is $927 o SLP

Thats going to cause a Jam on the APY ..could blow out to 800% imo
I did the modeling today

[manic jacinth]

I have one question regarding staking..i have staked intially for 3 month, and that is going to over now, if i dont withdraw it, will it continue get rewards? or again i need to stake it?

[cunning perch]

Until the implementation of V2, yes. Your unlocked stake will still get rewards. After the implementation of V2, you will need to migrate your stake there if you need YF rewards and RevDis

[cunning perch]

I'm not a master in that section though 🙂 But we'll see how price moves and how much APY changes

[hot lynx]

Here he is 👍🏻
Welcome back mate 👍🏻

[cunning perch]

atm I'm watching VN's interview 😄

[hot lynx]

It makes #v2staking very very interesting.. IMX needed imo 👍🏻👀🚀

[hot lynx]

Grant he opened his warick name 🤣🤣

[cunning perch]

IMX is the in-game implementation. Staking will always be done on ETH and in the website 🙂

[daring spear]

guys, how much would aprox cost to claim and restake ILV with gas fees atm

[cunning perch]

yes I know. But as an early member, I can't shake VN off so easily 😄

[hot lynx]

No gas .... Feel the force .. zero gas

[cunning perch]

rn for single pool should be around $60-100. SLP def double if not more

[cunning perch]

That's what it will be in the game

[hot lynx]

What did ge say that impact staking ?
Please share good friend

[cunning perch]

what do you mean+ 🙂

[hot lynx]

The interview 👀

[cunning perch]

I've watched 49 mins of it. Not done yet. But nothing should affect staking. It's a whole different world

[hot lynx]

Ok go finish it and tell the #🥩〕staking channel first 👍🏻

[cunning perch]

lol you haven't watched it? you are missing out a lot haha

[hot lynx]

I prefer the short version updates from you my friend

[coarse dome]

anyone notice the total value of claimed SILV?only 60,000silv claimed,but on the market,the number is far more than this

[quiet hatch]

@cyan rampart turns out Deraji has already sorted us out with the token unlocks, see the UnlockChart on his sheet
https://docs.google.com/spreadsheets/d/1Pm6b54YRTjdv6cDmWwudyejk2aA8XSEB5CgzKWe1N20/edit?usp=sharing

[coral pike]

can this be explained more please ? so the first time claim its $1 the next time I claim its$1.50 ..$2.0 > 2.50 etc etc ? why is the amount you pay based on how many times you claimed ?

[sacred cosmos]

Hm... That's not my experience TBH. The gas fees is tied to the gwei. So you just have to wait for lower gas fees before you claim

[coral pike]

That is what i thought to I have no idea what they are referring to

[sacred cosmos]

Same. Hope Tony can expound more on that.

[real jewel]

I just heard about the version 2 staking. When will this be launched, and whats the pros and cons of staking now vs. waiting for the second version?

[silent arrow]

no date set, still have to be approved by the dao.
for is it better to wait, i dont think so, the apy will drop till then, and whatever more expensive it is to enter now you ll probably be having more or at worst case even when v2 come in

[real jewel]

Thanks! Will the process of moving the staked ILV cost anything?

[cunning perch]

When: pretty soon and probably before Land Sale

Pros: will be very gas efficient esp for SLP holders - you will have the chance to withdraw all unlocked tokens at once with one TX after migration - probably gonna be even more dump resistant - you will probably have the chance to stake RevDis directly without withdrawing.

Cons: depends on your perspective and that some points need to be shed light on. Also to get a 2X weight you will need to lock for 2 years and not 1. To me it's not a con, but to many might be cuz ,any are short-term traders and I'm not.

Keep in mind the migration is only for unlocked tokens (and new stakes) and it def costs gas cuz it's will be concluded on a Smart Contract

[delicate cloak]

I thought that last part had been more or less rejected by the community? I know things are still fluid and not confirmed but I was under the impression the 2 year lock was gonna be ditched.

[cunning perch]

2 year lock for new stakes should be there to my knowledge. 2 year lock for unlocked and staked tokens was the one being discussed heavily

[delicate cloak]

I just ask because I'm gonna be putting a chunk of change into SLP and deciding if I want to lock it flex for now until V2 comes out and unsure what I want to do yet.

I want to be the most gas efficient. And gotcha, thanks for clarification. I'm in it for long haul anyway so might still wait for V2. I assumed it would be EOY or roll into next year. Didn't realise it would be before the land sale, which is nice to know.

[cunning perch]

Well all the info might be subject to change, still need to read the revised version.

[cunning perch]

No worries. Well the date is still being speculated on, but logically as RevDis (the major one) is about to be kicked in with Land Sale and it will have to be thorough V2, then V2 needs to happen around Land Sale.

[delicate cloak]

I'll keep my eyes peeled for updates 🙂

[cunning perch]

here there is some ideas you can find helpful #💬〕general message

[delicate cloak]

Awesome thanks, didn't catch that. Was just going back over the IIP too

[cunning perch]

No worries. We'll see what happens. I'm sure it'll be awesome as always and benefit the believers and long-termers more

[delicate cloak]

Yeah if it's gonna be a few weeks + 2 year lock, the extra gas fees are probably worth it for me. The gains in SLP are so fat and they're just gonna drop over time. And then it'll migrate at my 2x weight later.

[cunning perch]

I'm jealous now haha 😄

[delicate cloak]

Who am I kidding though? I'll likely end up staking again in V2 lol

[worthy peak]

wait are you saing if one staked in V1 they will not receive RevDis??