🥩〕staking

[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

[final steppe]

Reminder to everyone (especially those new to the server) that no mod or Illuvium team member will ever DM you first ⬇️

[woven ibex]

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

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

[agile fiber]

@grave lynx

[lost bloom]

where can I find info on staking V1 vs V2?

[vernal needle]

hi there i have a question regarding providing liquidity in general. if i provide liquidity i gain lp to represente my share. so let say i provided when there was a 100M provided already. and i got 1 LP, what happen half the liquidity gets removed. theoretically, i own more of the pool now so why the LP amount does not change

[leaden hound]

Question about staking, would appreciate some guidance. I staked my Link on illuvium for about $80 in gas. I read it to last until 2022. However, when I check it now, it looks like it's no longer listed as staked and I can just withdraw it. The LINK pool is listed as "Completed." It only accumulated $10 in ilv rewards. Question: is it still staked?

[cyan rampart]

It's staked, but it's not generating rewards. You can withdraw it at any point, the LINK flash pool has concluded.

[gloomy gazelle]

My understanding is that the LP tokens are minted when providing liquidity and burned when you withdraw your liquidity.

[cyan rampart]

The original v2 staking IIP is pinned in this channel. Note that some changes have been made. The revised IIP should be up later this week.

[gloomy gazelle]

Here’s the link and start of the thread that followed. #809220563397902346 message

[leaden hound]

thanks. was it concluded because it reached a total amount staked or specific date?

[cyan rampart]

It was timed, so it hit the end date.

[gloomy gazelle]

Flash pools are short term things. 30 days I believe.

[dull stump]

Hi guys I have this error when staking and dont know how to fix

it says User Denied Transaction Singnature

how to fix it?

[gloomy gazelle]

@manic walrus your question was…
When staking for a 12month period, are you available to withdraw your rewards or does it add it to your staking amount?

!claim There are two options for claiming rewards. Claiming happens manually not automatically.

[woven ibex]

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

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

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

[brisk surge]

How to start staking? I am planning to invest some money. I have money on MetaMask

[coral pike]

Ask and look atthe pinned posts in #🥩〕staking

[radiant saddle]

I stake ftm in Illuvium staking, how can this work?

which chain is right?

[brisk surge]

Hello , i want to stake some Illuvium which wallet should i use ? Thank you. And how can i do that ?

[gloomy gazelle]

!staking watch the video at the end. It’s in ethereum mainnet

[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]

!staking

[gloomy gazelle]

Please don’t spam commands needlessly

[brisk surge]

Sorry

[dusk gorge]

Currently my SLP is locked for one year in V1, will they continue to generate reward after v2 launch?

[jovial root]

Should read the latest dev pins or dev blog. It talks about the transition of V1 to V2, and the fact that V1 stakes will have a 2.0 weight for 1 yr lock, but V2 stakers need a 2yr lock to get 2.0 weight.

So it is actually extremely beneficial to Stake while it is still V1

[dusk gorge]

Yes i know about the weight. Just not sure whether will the locked amount continue to generate reward

Cause the migration only allow for new reward. The locked deposit will be in V1 until unlock

[next ruin]

The revised proposal won't have the 2 year locking to get 2x weight.

[sacred cosmos]

Did someone get back to you on this. It seems you rejected the transaction?

[inner sentinel]

Are the previous pools altered when the new pools come out?

[brisk surge]

Are you referring to the core pools or flash pools?

[brisk surge]

Does one Claim Rewards as part of the staking process or is that done later?

[brisk surge]

Once you have staked either in ILV pool or ILV/ETH pool you can claim your rewards as either sILV or ILV.

Is that done immediately after or is it done at any time?

[brisk surge]

You could claim whenever but it's best to wait until you have accrued a good amount of ILV.

Will it stop accruing once it is claimed?

[brisk surge]

Once you claim your rewards for example if you claim to ILV then that amount goes into your ILV pool compounding your initial. If you claim as sILV then those go directly to your wallet and not increasing your amount.

Cool. Thank you!

[brisk surge]

You're welcome

!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]

There is a good video at the end that will explain the entire staking for process for you if you have any extra questions, feel free to ask!

[jovial root]

In regards to the TREASURY tokens, and the revdis they will receive;

1. do they receive it in the form of ILV, ETH or sILV?

2. is this revdis then locked for 12 months? Or instantly useable?

3. can the Treasury sell the revdis immediately on market?

4. is the treasury revdis what is used for the Capex and Opex costs of building the game?

5. will us as Stakeholders be able to view the audited cashflow accounts of Revenue to crosscheck that in fact 100% of revenue is distributed?

6. are Staff and Management and Partners etc governed by a NO Trading policy either side of revdis? (As it was previously mentioned that on market purchases for the purpose of revdis would be done randomly so people cannot forerun it, but that should also apply to insiders)

[sacred cosmos]

1. Like everyone, revdis is paid in ILV;
2. With the current dashboard, revdis distributed will be part of the same rewards pool so it will be vested once claimed; however, team is working on it that theres two rewards pool one for staking the other for revdis. If revdis by then will be unlocked would most likely be subject of an IIP;
3. Treasury will purchase ILV with the ETH on a staggered basis so as not to create a sharp buying power. Distribution will most likely be done staggered or in one go. This will probably be subject of an IIP;
4. All the VC, seed, pre-seed investments were done to cover all the costs of developing the game and the salaries. Treasury revdis will be used to replenish the treasury pool and in the future pay for the costs should the earmarked funds get depelted;
5. No idea, DAO is a new concept. What were buying in are tokens not stocks of the company so conventional laws and rights of stakeholder may not apply; Perhaps an IIP can provide that kind of information request or reporting. Keep in mind though that the company established is separate entity from the DAO setup we have;
6. I am doing a big assumption here but any Shareholder agreement between the company, VC/investors, and employment contract is covered by a NDA and you may never know. However, to answer the second part, RevDis purchasing of ILV is automated so no one knows when its done. Thats the explanation given to me.

I reserve the right to be corrected by any MOD, Council, or Team. So don't take my answers and assumptions as truth. Im only sharing what ive gathered here in relation to your questions and some creative assumptions lol.

[jovial root]

I still appreciate you taking the time to provide your understanding to my questions, and also looking forward to hopefully having some official reply also.
As I think it is fantastic how much the devs are interacting with the community.

I also enjoy hearing them telling the haters/doubters to fukoff in most of the interviews.
Very much looking forward to the launch and them telling haters to suck my massive obelisk!

[pale stump]

a question about staking: Can I just swap eth to slp token in my wallet then stake to the slp pool?

[manic spindle]

!lp You need ILV and ETH for Sushi LP Tokens 🙂 ⬇️

[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

[pale stump]

thank you guys, i love this community, it's so nice and helpful!

[knotty heron]

There's no way to just claim your rewards from the SLP pool is there, you always have to claim both?

[cunning perch]

V2 is planning to fix it.

[knotty heron]

Sweet.

Was just checking if i couldve been saving on gas this whole time

[cunning perch]

Nope. Claiming SLP has always been a TX procedure

[naive kraken]

Can anyone help understand what the SushiLP Staking Pool does? Like :

• Is the SILV just for providing liquidity for people who want to swap between token (ILV & ETh) or
• Is the money on SILV also be used for lending and borrowing within the sushiswap ?
• Is the reward for Staking in the SushiLP Staking Pool come from just the Vault or is it combined or just from other resources? Like Fee from lending and borrowing within the sushiswap ?
  This topic is very important for me and for my community, If I can get clarity about this matter I could convince them to buy and play illuvium.
  Please help me.

[sacred cosmos]

You might want to watch this: https://youtu.be/dVJzcFDo498

sILV is synthetic ILV token. Its not used for anything outside the illuvium ecosystem.

[naive kraken]

thx I will try to watch it first

[naive kraken]

Ok, I have watched it. The reason I ask if the reward from staking in the Liquidity Pool came from other than swapping between token is that some people make a video content that said sometimes the fund in the LP is being used to lend and or borrow and get a fee from that.
If the case in Illuvium is just like the video you share that it solved my problem.

[dusk gorge]

Currently my SLP is locked for one year in V1, will they continue to generate reward after v2 launch?
Cause locked SLP in V1 cant migrate to V2

[pale stump]

any differences between V1 and V2?

[sacred cosmos]

@manic spindle can you confirm this? In not sure with my answer hahaha

[manic spindle]

sILV is only for use within the Illuvium Ecosystem, yes 🙂

!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.

[sacred cosmos]

I think he wants to confirm the liquidity part. When we stake SLP do we provide liquidity from the whole value staked just eth portion?

[simple arch]

It’s equal parts ETH and ILV. Then as the values of each asset go up and down the assets fluctuate, which is what impermanent loss is. There’s no lending or borrowing though, the rewards are from token distribution at the moment, not many fees at all until RevDis

[fiery jackal]

Will staking rewards always be locked for 12 months even after the game is released?

[simple arch]

The staking period is for a certain amount of all tokens, not forever. It’ll continue for a couple of years from memory

[minor coyote]

I have a question, when reedem cause stake period is finished needs to pay gas fees or the amount staked goes back automatically to metamask?

[sacred cosmos]

Its a transaction so you pay gas still

[minor coyote]

Thx💁😅

And needs to pay gas fees same day that is unlocked?

[simple arch]

You’ll keep earning staking rewards until you claim vested rewards, they’re just unlocked

And still earn RevDis. The idea is that most will hopefully not choose to remove unlocked tokens because they’ll be incentivised to keep it there due to RevDis

[minor coyote]

Thx for explanation, good🙌🏼

When holding ILV, after staking is unlocked, if not withdraw can earn something, yeld farming? or tokens just remain there waiting for be claimed to metamask?

I didnt see this on the follow explanation:
You can find an in-depth video for staking here: https://www.youtube.com/watch?v=C6YugU4zZr4&t=1s

[lean nest]

Will staking only earn revdis after the first claimed session and vesting period starts? Or can i stake a full year without claiming?

[cunning perch]

WHen your tokens are unlocked, if they have not yet been moved to V2, you will stop getting YF rewards and RevDis. If they are on V2, you will get them even if they are unlocked

[cunning perch]

When you stake, you should claim occasionally as the claimed rewards will be locked while adding to your stake with a weight of 2X while receiving RevDis and more YF rewards.

[lean nest]

Got it, thanx

[lean nest]

And it doesnt matter if you claim ILV or sILV regarding Revdis and YF? Just sILV if you want to use the currency in game.

[cunning perch]

you claim sILV, it goes to your wallet. You claim ILV, it compounds to your stake abd generates more rewards. Each time you claim, you will have to pay gas, so take it into account and claim when you have enough that would justify paying gas for 🙂

[minor coyote]

Great, and when v2 comes out? Any date shedule for this?

[cunning perch]

Should be soon. But no dates yet

[minor coyote]

Great thx for supp and kind of help!! Njoy day👌🙌🏼

[silent cedar]

Love the price of ILV right now, definitely going to stake more SLP when gas dips!

[real jewel]

Hey guys, I tried to stake for the first time today. I bought ILV, and had more than an equal amount of ETH ready. However when I tried the liquidity thing, I somehow ended up with double amount of ILV and no SLP. When I try to swap back half of the ILV for ETH it doesnt go through. Any advice? Would be highly appreciated

[sacred cosmos]

Hmm... I think you may have failed to click the liquidity tab?

[real jewel]

Hmm, I dont think I did, But maybe thats it! I dont know Why I cant swap back tho…

[sacred cosmos]

It sounds like you just swapped ETH to ILV. You can do switch back by clicking the small icon that reverses the token. So ILV should be on top while ETH is on the bottom

This is how it should look like to swap ILV to ETH again

This is what the SLP Liquidity pool tab looks like. Its a "+" sign

[real jewel]

Yeah thanks, I think i did that. Now I am trying to swap back some ILV for ETH, and try again.

[celest river]

Make sure you have additional ETH as you will require ETH for the gas in the staking transactions.

[real jewel]

And I am being contacted by someone with Illuvimod in the name in chat, wanting me to do the trade on Celo which I assume is scam?

[celest river]

Go to #🚨❗〕report-scammers and follow the pinned post to report them.

[real jewel]

Yes, But what annoys me is that I cant seem to swap back the ILV to ETH

[real jewel]

Ait, will do!

When I try to swap ILV for ETH, it just says pending. And I cant see the transaction on Etherscan

[celest river]

Very odd. Are you using metamask/chrome?

[real jewel]

Yes MM and chrome

[celest river]

I would suggest logging out of your mm wallet or opening in private browser and try again. Sometimes MM extension bugs out to pend transactions but not send them to the network.

[real jewel]

Ok thanks!

[sacred cosmos]

Ah! I know what happened. So you basically ran out of eth for the transaction so its pending. So you need to push out that transaction by checking the nonce # then you overwrite it or push it out with another transaction (say send yourself some eth) with the same nonce but with faster speed. That way, MM prioritizes the 2nd transaction and cancels out the first.

[real jewel]

How do I find the nonce number?

[sacred cosmos]

click the pending transaction youll see it listed right away.

Read this too: https://help.tokensets.com/en/articles/4089766-how-to-push-through-a-stuck-transaction (pasted the wrong one)

[real jewel]

I cant see the pending transaction tho, it says «Sorry, we are unable to locate…»

[sacred cosmos]

It should look like this when you click MM

Once you click on that it should look like this:

[naive kraken]

Hahaha that's why I ask in the discord

Can someone tell me or where should I ask to have clarity about how SushiLP Staking Pool operates? Whether SushiLP Staking Pool is just providing liquidity for people swap between token (ILV & ETH) and only for Illuvium environment? Or it does like Lending and Borrowing to get a fee as another income? Or?

[sacred cosmos]

Someone provided an answer here: #🥩〕staking message

[naive kraken]

ah ty, I miss that one

[real jewel]

I finally was able to stake SLP! Thanks for the help. Annoying that I have spent too much extra gas money, but hopefully it will pay back anyways. Thanks!

[cunning perch]

Guys please watch out for scams. ppl keep using our names to scam you. watch out for DMs from anyone.

[sacred cosmos]

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

[cosmic flame]

I was going to stake today, but should I wait staking v2? or will the migration be easy/costless?

[cunning perch]

Migration will require gas ofc. But you can wait for the proposal to see whether it's best to wait or stake.

[cosmic flame]

ok, I wasnt sure the migration was gonna cost gas. I think I'll wait then

[sacred cosmos]

If V2 is dropping this week then you should but if it aint, I would invite you to try and compute your per day yield if you stake already. Will that ILV amount for X days be equal or more than the gas fees youd have paid to stake now? You might be missing out on yield while waiting which would be more than enough to cover the money you saved on gas fees

[cunning perch]

beat me to a more complete answer haha 😄

[cosmic flame]

so to calculate the daily yield I just divide the yearly one by 365?

[sacred cosmos]

YESS! My day is complete! Achievement unlocked! lol

[sacred cosmos]

You can also try using Lelahel or Derajis staking calculator pinned in this channel:

Here is the discord link to it: #🥩〕staking message

[cosmic flame]

thank you!!

[hexed robin]

I just started looking into all of this, and I was getting ready to move forward with some staking after watching videos and reading guides. Now I'm hearing about V2? So lost 🤣

[sacred cosmos]

V2 will be addressing the high gas fees and then some. You could wait for it as it's slated to drop maybe dec. But you'd be missing out on some yield now until then. The yield you earned may have been enough to cover the gas fees you supposed save from waiting for V2

[dense oxide]

We're can I dload the beta?

[final steppe]

Participants in the Private beta will be selected by the team after applications are filled out.
No application form is available yet though... see Aaron's latest message in #795444126421483520

[next ruin]

The fees accrued are baked into the current value of your SLP token.

[next ruin]

If you are just curious, you can see analytics like that while staked via apy.vision.

[sonic wolf]

did max lockup time changed back from 2 years to 1 year in staking v2?

[mint cave]

yes

[sonic wolf]

was it in announcements?

completely missed it

[mint cave]

no announcement yet, proposal still needs to be submitted

but the 2 year was changed back to 1 year on the latest proposal version, yes

[sonic wolf]

thanks mate

[mint cave]

yw!

[grave lynx]

hi guys

new to the community but looking to stake around 7.5k thanks to advice from my friend @agile fiber (Obviously also did a ton of my own research). I just wanted to ask this to community members, although I know this info is publicly available. Did you swap ETH-->ILV via SushiSwap and then stake on the Illuvium.io interface?

I was also wondering if this amount makes sense based on the fee structure

[meager prairie]

Yeah... I think you can access that directly through illuvium website... there's a link in the staking tab

[next ruin]

Hey, that's what I did. As far as fees go, if you are able to buy from a CEX that lists ILV (Binance, KuCoin, Crypto.com, Gate.io) it will likely cost you much less to buy directly and send to your wallet to stake, rather than paying the gas to swap via Sushi.

[brisk surge]

What is staking v2?

[cunning perch]

Staking version two. It’s aim is to minimize gas for claims, bring in RevDis and also there might be a possibility yo change wallets.

[shy pendant]

test

[supple meadow]

with staking V2 will it automatically restake us?

[wheat kestrel]

Is there anywhere to check what percent of the circulating supply is currently staked?

[dire ginkgo]

It should really get off the aetherium chain the gas fees are ridiculous

[next ruin]

Game will launch on IMX L2 and everything will migrate to L2 eventually. Will be a while though.

[glossy wind]

Does it matter of you stake now or wait for v2?

[ivory sparrow]

Can anybody help me understand the graph in the excel sheet provided by Lelahel? @steady trellis
Why is there an initial jump?

Basically I want to know the difference in procentage ILV gain over 1 year between a scenario of no claiming and one with claiming every 3 months assuming a initial investment now of 1 SLP 🙂

[cunning perch]

V2 launch date is still not clear. So you might lose some rewards. But if you are not in a hurry, you can wait so you wouldn’t want to pay gas for migration from V1 to V2

[glossy wind]

I see, thanks

[brisk surge]

where can i see sILV price?

[sleek whale]

Hi all. Can anyone help me with a guesstimate of the possible fee I would pay for staking 1 ILV from my metamask wallet?

[boreal cape]

This all depends on the Gwei. You can actually try to stake it on the website and you will see the gas fee but just DON’T go through the transaction if you don’t wanna stake yet.

[warm knoll]

i don't really mind that dip but god that timing. Put everything i had left when it was at both eth/ilv ath 😅 But i know it will rise again stronger !

[boreal cape]

Patience is a virtue ☺️

[sleek whale]

Hi. Thanks for the reply. I haven't connected my wallet as yet because I thought what's the point as I don't have Eth in my wallet. Will the website still let me do a quote?

[boreal cape]

Well even if you do if you don’t have ILV I don’t think you can check. But I believe there are spreadsheets in here where you can the gas fees on different GWEIs in different values of ETH. I just don’t know who has it or if it was pinned, sorry.

[sleek whale]

Thanks for the info. Appreciate it

[gleaming brook]

just clicking for fun. claiming rewards now will cost me $1300 due to the high gas!! V2 cannot come fast enough

[cunning perch]

You def picked the wrong time to have fun lol

[earnest shell]

has v2 timeframe been released yet?

[long moss]

Which claim button do I press to claim from both ILV and SLP pools at the same time?

[worn seal]

where can I find the total # of people staked?

[gleaming brook]

Click the “claim ILV” under Sushi LP. You will then need to sign 2 transactions, one for Sushi LP pool claim and one for ILV pool claim

[gleaming brook]

https://dune.xyz/xastor/Illuvium-Dash

[proud merlin]

Wow! This channel is a shit show.

Sorry! Drunk

[long moss]

Thanks mate

[cyan rapids]

can you secure your locked stakes with a new trezor

[grave lynx]

waiting for 2-4am EST to hop in w a new position around 2 ETH. if gas is low do you all think the fees at this point are worth it?

[steady trellis]

You’ve a column about claiming every month I think, 30 is the number above representing 30 days, increase it to 90 (= 3 months). To be simple the graph is looking only at the second column of the result (= claim every 10 ilv) so you better look at the numbers. If you just play with the columns headers you can tweak and test the frequency of claiming and see the impacts

[brisk surge]

can we sell sILV?

[livid light]

you can but it's much lower price like 1 sILV is $320

[brisk surge]

ah ok yeah naw id rather put it towards buying some land in that case. thanks!

[livid light]

Yup till they roll out and say T1 will be 10 sILV lol

[brisk surge]

lmao true hopefully not. isnt the land sale still scheduled for this year?

[livid light]

Kieran was thinking Jan 2022

With it being super hectic running it during holiday Good choice imo

[brisk surge]

makes sense and then its gonna be a dutch auction so it will be interesting thats for sure

[sudden heart]

Hello newbie here, I was thinking of staking ILV and claiming sILV and I have a couple of questions:

Am I right in understanding that since claiming sILV isn't subject to the 12 month vesting period, I can claim it as sooon as I stake my ILV?

What's the ratio of ILV--> sILV? Is it 1:1?

[slate comet]

I have claimed ILV countless times but for some reason every so often It dosnt claim sushi pool aswell costing me double gass fees.

any solutions?

[jovial root]

Is my understanding correct that everything you claim sILV that it then burns the corresponding ILV?

So that the combined total of ILV + sILV will always = 10,000,000 ??

[gloomy vector]

If illuvium price falls does that mean we earn more ILV from rewards ???

[jovial root]

From resdis yes.
If the sale of land generates $100m and 1x ILV = $1,000 then without factoring in inflation, they would buy 100,000 ILV to be distributed.

If 1x ILV = $500, then they would buy 200,000 ILV to be distributed.

But the reality is that they can only buy as much as is available, and so price will increase. So that revdis benefits those that are staked through distributing ILV... plus those that only own ILV through the significant price appreciation from the purchasing of ILV on market for revdis

So revdis combined with liquidity will eventually balance out to determine market price

[gloomy vector]

But if we’re “yielding” 30-40% from SLP pool doesn’t the price drop mean we earn more ILV than usual to make up for the difference

Since we’re getting paid in terms of amount invested in dollar value then you’d still be earning 30-40% of the dollar value which would equal more ILV because of the price drop

[jovial root]

Not sure how the SLP price affects the yield between the pools. Great question though

[lethal helm]

Only if you recover your existing wallet to Trezor but then you’d have to be really sure your recovery seed phrase hasn’t been compromised especially if you’re currently using a hot wallet.

[shrewd viper]

hi I was wondering what is the ratio of staking ? like how much SILV i get with 1 ILV exemple in a week?

[boreal cape]

Yes. You can claim your reward in sILV which is readily available (will not vest/not locked). But take note to highly consider the gas fee. And yes sILV = ILV in value in the game.

[random helm]

It changes weekly. You could check derajis channel. https://www.youtube.com/channel/UClKAmk3x_2iXRT2gWwzdZpw and play with his calculator

[sudden heart]

Hmmm is there anyway to calculate how much sILV I receive when I stake?

oh nvm I think I found one already

[boreal cape]

There are some spreadsheets available here. But I’m not sure where it is or if it is pinned, sorry.

[sudden heart]

Thanks anyway!

[shrewd viper]

not sure how it works tho, someone can just say an estimationplz?

[boreal cape]

Check the current APY and check how much APY you get in a week and from there you can basically calculate your possible reward.

[sacred cosmos]

It prevents ILV token from being minted. This already affects total ilv supply being diminished. When you use up sILV it will get burned. So at this time you are correct in the equation but as soon as silv is used it will be less.

[shrewd viper]

where can i find the info about the API?

[boreal cape]

That’s in the website in the staking tab.

[jovial root]

I have 9 SLP staked through Sushiswap pool, and it has earned me 0.08 in 3.5hrs

So the time period is quite short so it's not really accurate to extrapolate it forward... but I expect it will earn me 1xILV every 2 days

Current price for 9xSLP appears to be around $40k (SLP is the Sushiswap Liquidity Pool token for ILV/ETH)

And it should get me 15-16 ILV/month
(But keep in mind the rewards reduce by 3% every 2 weeks I think)

And then that ILV gets claimed and also earns ILV (not sure how much, as I don't have any yet)

[shrewd viper]

damn.. big money make money..

[jovial root]

I will agree that GAS cost makes it difficult for smaller guys to maximize their staking.
But the fact is, this is all early days, and the fact that you can buy 1x ILV now and have it be worth multiples of that just by staking it.
And just like BTC early adopters made good money, the real money was made by those holding it for 10years (like any true investment)

So ask yourself what 1xILV be worth when that will grow into Multiples ILV over the years, and each individual ILV will receive a portion of every single dollar this game makes!

[inland tapir]

hey guys I tried to provided liquidity at sushi and the transaction is pending for 10min is it normal?

nvm done

[fathom whale]

Does anyone know if there is greater risk in the SushiSwap Staking compared to regular core staking? If so, what are they?

[atomic lagoon]

you might want to check out this YT vid
https://www.youtube.com/watch?v=7T2WzeXWC4k

[gloomy gazelle]

Twice the token exposure so maybe more risky. It definitely has higher fees compared to just ILV staking. https://www.publish0x.com/ilvfi/what-the-dollar-and-is-impermanent-loss-and-why-do-i-care-il-xnxkekg

[gloomy gazelle]

https://tenor.com/view/all-of-this-pointing-up-there-see-this-gif-14720503

[boreal cape]

Hey guys. I just want to clarify, is the pool weight (ILV = 20%, SLP = 80%) the main basis for RevDis or the actual Amount of your staked ILV?

[sudden heart]

Hey guys, I was wondering is there anyway to estimate how much sILV I can claim per 1 ILV token staked? I checked the pinned messages and the spreadsheets, but I couldn't find anything. (Or I was too dumb to understand any of it haha)

[fathom whale]

Thanks for the references!

[vital frigate]

RevDis doesn't include pool weight right?

[gloomy gazelle]

Oof. Yeah you take your APY (41% in the ILV only pool I think) and you turn it into a decimal… and that’s how much ILV you would get in one year if the rate stayed the same. But it won’t. So what you do is you take that .41/365 and that’s how much ILV you get every day until the APY changes. Then you do the math again.

[gloomy gazelle]

It’s the actual amount of ILV that matters. Not the pool it’s in.

How long it’s been locked for does matter. As in token weight. 1x-2x.

[sudden heart]

Yeah okay, but what if I claim it as sILV? The amount of sILV would be equilavent to the amount of ILV I would've earned w/ the APY if I chose to claim it as ILV, right?

[gloomy gazelle]

That’s correct. The same number of tokens.

Not market value. Token count.

[sudden heart]

Oh okay that clears up alot of my confusion. Thanks alot!

[verbal heron]

https://gfycat.com/glitteringgrimyamericanbittern

[boreal cape]

So basically if I have 1 ILV staked in the ILV pool locked for 12 months. When RevDis comes, say 10 usd worth of ILV per token, I will receive 20 usd worth of ILV because of the weight, right?

[gloomy gazelle]

Basically yeah.

But how much revdis is distributed and token weight in work together to make it tricky to calculate.

Revdis will count all the ILV tokens in all the eligible staking pools and distribute the tokens to those pools based on how much ILV is staked there. Then within each pool revdis will determine how much of that pool’s revdis you get based on your token weight compared to everyone else’s token weight.

[boreal cape]

Thanks. This is how I understand it at first, I just got confused when I saw again the pool weight. Thanks again for clarifying @gloomy gazelle

[gloomy gazelle]

Yeah pool weight is just for staking APY

[sacred cosmos]

Basically itll be based on ratio than a multiplier?

[ivory sparrow]

Thanks alot, I see what you suggest now. Very impressive sheet! 🙂

[tulip plank]

hi, should I bother to stake 1 ILV atm or not I mean because of the fees and does it makes sense, I really did not have time to get my headaround staking

[cunning perch]

If you have 1, I suggest waiting for V2 to be implemented then you can decide if it’s worth it or not. Still, your first stake will cost depending on the gas on that day.

[tulip plank]

Thanks Arash

[exotic rapids]

I'm trying to figure out how many ILV I have... If I have x SLP I have z ILV and Y ETH anyone know how to?

[pale stump]

What’s the difference between staking V1 and V2? Does anyone know?

[cunning perch]

If you have staked it, you can check apy.vision to see how many ILV/ETH your SLP has

[cunning perch]

V2 is going to be gas-effcient and RevDis will be distributed with it. Also there is a possibility if changing wallets. With V2 out, if your tokens are unlocked on V1, they will not get any rewards nor will they get RevDis.

[pale stump]

What if my tokens are locked in staking v1? Can I get revdis?

[cunning perch]

V2 proposal will shed light on the possibility of migrating locked tokens to V2. If it should be done, then even locked ones should be able to migrate. If not, they will have to be migrated when they get unlocked (in this case, as long as they are locked on V1, they will receive rewards and RevDis)

[pale stump]

Thank you! So delighted to be here

[cunning perch]

I’m glad you are delighted 😀

[pale trellis]

You should be able to see in your wallet if it has a defi section. Otherwise this link below is 1 SLP. You can see at the bottom of the page how many ETH/ ILV make up one SLP, though this changes to keep the SLP value balanced.

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

[alpine glade]

Is there a video or a guide on the staking calculator? I am having trouble understanding it

[potent sapphire]

Just used your graphing tool @steady trellis and it was a massive help. Thank you!

[fathom valve]

Has anyone experienced that claiming ILV to take 2hrs? Metamask says it is still "pending". But in etherscan, it says it cannot locate the Txnhash.

[celest river]

@fathom valve Check out this post. ScrubaDubDad may have assisted another person with this last night - but like I said, I haven't personally experienced it so I have no idea how to resolve it.

[fathom valve]

This helps. I think that is what happened to me too. trying this now.

[exotic rapids]

Sweet cheers so 2.1 ILV + 0.513 ETH = 1SLP

[sacred cosmos]

Let me know if it resolved your issue.

[potent sapphire]

About that, but it will be slightly different every time

[exotic rapids]

Yep cheers

[pale trellis]

Did you find it, there’s a great one on YouTube by the creator.

[radiant trout]

any timeline on where v2 is rolling out? and will claiming rewards have less gas fees?

[cunning perch]

No fixed date. And yea it’ll be gas-efficient

[steady trellis]

Welcome 😉

[warm knoll]

And we should be able to both migrate to V2 and change wallet address while keeping our current weight ?

[cunning perch]

Keeping the current weight while changing wallets is what it is aming to do. Needs to be confirmed though

Hey @manic spindle we need a ban here. Two pms up

[celest river]

Tagged him in General too.

[cunning perch]

Thx. Unfortunately can’t ban myself or would have hammered the guy already 😄

[warm knoll]

Yep coze i would like, like many people i guess, migrate to V2 then switch to ledger 😉

[celest river]

LOL He effectively reported himself....

[cunning perch]

We know that changing wallet is possible. Now wether there is a withdrawal required first or the possibility if sending directly from the website needs to be confirmed. Whatever the possibility, i believe tokens need to be unlocked first.

[cunning perch]

We thank him for that 🙂

[warm knoll]

on that matter. When our SLP unlock (and even end in 3 years). When we will stack it again in normal ILV pool. We will lose our 2.0w ?

[cunning perch]

When it is withdrawn, since you change it back to ILV/ETH and adding ILVs as new tokens back in, i would believe that they need to be locked to have a 2X effect

[warm knoll]

Yep so in the end all of our SLP will have to be lock for many years (if we go near the end). Let s say with withdraw in 1,5 years to add back the ILV from SLP into the ILV pool (another 2y to have the weight). So 3.5 year in the end ^^

[warm knoll]

well till our first year unlock we will see how everything is going on anyway.

[cunning perch]

The moment you change your SLP back to ETH/ILV, you adding ILV from its address to ILV core pool, therefore logically locking is required to have an effective weight. That is if there’s anything left of your ILV in your SLP anyway, cuz ILV might be like $10k and IL has sold lots of your ILV.

[warm knoll]

well I hope they will still have some left 😅 Especially if ETH follow ILV growth (at least a little). We should be ok on IL side. At least we would have more ETH to switch to ILV.

[cunning perch]

Sure. We’ll see how it goes 🙂

[dusk gorge]

Hopefully the reward generated in ILV will be able to catch the moon

[warm knoll]

just did simulation. Like if ILV goes 10x and eth goes 2x
Sill having quite IL loss (150%) but just without reward (just holding the tokens) the overall profit is huge.
If you add the rewards that goes insane.

The only risk I see if it's ILV goes crazy and ETH crash completely (or opposite which is worst because the rewards cannot cap the IL)

[craggy field]

When ILV grows, people will buy Eth to use in-game with (i think) a similar fervor to Smooth love potion being used in Axie infinity. Because Eth is our in-game currency. So im guessing Eth will grow alongside ILV unless ILV switches to a different base-coin altogether.

[silent cedar]

Do you think a base coin switch is likely? I don't see that happening.

[craggy field]

no i don't think it will happen anytime soon (if it happens at all). So don't worry about that.

[cunning perch]

you mean using another token than ETH? No that is not happening. It's the soul of ILV. However, I don't think ppl buying ETH will heavily effect ETH price. So, ILV will always have a way of out-performing ETH due to it's small MC.

[frail merlin]

Where is the 1000% apy announcement?

[cunning perch]

It's scam. Please report the full ID in #🚨❗〕report-scammers

[olive jungle]

Guys is it worth it to stake into SLP pool with a total budget of $600 and low gas fee (about 70ish while ETH is 4kish)

[cunning perch]

I don't think so. It's a NFA, but you'll get rekt with the gas you have to pay with very little gains. Imo, $600 can be well-spend in the games than Yield Farming.

[olive jungle]

So its better for me to just stake in ILV pool? Or is the gas fees still too high?

[cunning perch]

I personally wouldn't stake $600 at all. The rewards are not worth the claim.

[olive jungle]

😩 so what do you think is the minimum for staking?

[cunning perch]

(this is just my opinion) I would join ILV pool with at least $4k and SLP with at least $5k in both ETH and ILV ($2500 each) and have like $500 in ETH on the side to pay for gas.

[olive jungle]

I was so hype about investing in Illuvium but the gas fee really kill it, thanks! btw

[cunning perch]

No worries. V2 will probably fix lots of gas issues, but initial investment always needs gas. Aside from that, your rewards will be very tiny with $600 and APY and reward distribution will drop every 2 weeks. Also, your ILV claims will be locked after the claim. That's why I told you, you can make more gains buy spending that $600 in the games than YF. However this is just my idea and def NFA.

[onyx mirage]

i put on eth to stake but now i cant see it anywhere

[cunning perch]

What? What do you mean you put on ETH?

[inland jetty]

where u put it?

[onyx mirage]

to stake it

[cunning perch]

There is no ETH staking in ILV. You might have been scammed.

[inland jetty]

wheree what platform

[cunning perch]

@onyx mirage please refrain from posting scam links in public channels

[onyx mirage]

omg i got scammed

[inland jetty]

yes u got scammed

[onyx mirage]

fml

[inland jetty]

refer this to #🚨❗〕report-scammers

[cunning perch]

Please send the full ID of the scammer in #🚨❗〕report-scammers so they can be banned.

[onyx mirage]

oh sorry

[velvet sinew]

could someone pls explain how AYP for the pools is calculated ? Can´t find anything in the whitpaper or the diskussions.

and, second question, is there a history for the ayp ?

[cunning perch]

APYs started in thousands and dropped and they will also keep on dropping. you can check pinned messages for some calculators and also the staking website. Also you can read the tokenomics here

[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

[gloomy gazelle]

The tokenomics article describes it but it’s a bit confusing. But basically it takes the your percentage of the value locked in the pool x your token weight x the number of ILV distributed to that pool during that block. It also accounts for the future 3 percent decreases in tokens being distributed every 2 weeks. There are spreadsheets pinned in here that do all the heavy lifting for you.

[vernal lynx]

Say I have 1 ILV (not much, I admit, but it's expensiive IMO!) and I pair it with the equivalent ETH and stake. I'm in interested in simply playing the game. Is the best scenario then getting SILV. If I stake long term and cannot unlock it, will I be gathering enough SILV from staking to be able to play the game without having to draw in ETH to pay for items etc. It's all a bit vague. Trying to figure out the best staking scenario

if my goal is playing the game

FYI i read the articles linked above and watch several videos on youtube. Still unsure what the best option is.

[floral widget]

If you have 1 ILV might not be worth it to stake to be honest, you will prob be spending 1 ilv worth of gas sometime down the line

[gloomy gazelle]

You would likely be earning enough sILV that way but as lunar said you’d be struggling through steep gas fees.

[vital frigate]

I would say buy sILV rn when it is cheap

[gloomy gazelle]

It might be more cost effective at the moment to just buy sILV on the market.

There’s no official liquidity pool for sILV but it is the legitimate token.

!contract

[woven ibex]

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

[vital frigate]

In uniswap

[gloomy gazelle]

Currently it’s trading on uniswap https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da

https://tenor.com/view/spider-man-we-one-gif-18212100

[alpine glade]

I found one right before I went to bed but didn’t have a chance to watch it. I’ll take a look at it today and hopefully that will help

[queen hemlock]

Hi there, does anyone know, If I wanna stake more sushi lp to the core pool without claiming my previously rewarded ilv, which one should I choose? Ilv or silv? Thanks

[dusk gorge]

To stake, the system will auto claim the reward

Depending you want receive ilv (locked 1yr) or silv

[queen hemlock]

But do I have to pay gas twice? Once for claiming and once for staking?

[gloomy gazelle]

You will.

[queen hemlock]

And this time the lock period I chose is shorter than last time, does that mean after staking this time the lock period for the previous staking will change as well?

[gloomy gazelle]

No. Just the new batch

!claim There is no selecting what type of rewards you receive when you do the deposit.

[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.

[queen hemlock]

I see I see

Thanks so much

[vernal lynx]

Thx for the warning on gas fees. Thx also @gloomy gazelle So how much ILV would I have to purchase before staking is worth it. 2ILV? 3ILV? I'm late into the this and it's going to be therefore $1K approximately so it might not be practical to stake if it's too costly. Just wondering what be a good entry point for this

[echo quartz]

yoo whats up fam

[gloomy gazelle]

Make a copy of this sheet and you can figure what your fees would look like. There are a bunch of other sheets in the pins here that have helpful tools as well. https://docs.google.com/spreadsheets/d/1-yorrLEO7051B8ELI7eBtAOohYn8DME4peMPavxcUuw/edit?usp=sharing

[echo quartz]

does weight mean that after the period you will have 2x of what you staked?

[gloomy gazelle]

The dip right now is a pretty good opportunity I’d say. But it looks like it could be sideways for a bit still

[livid light]

Accumulation phase of crypto

[gloomy gazelle]

No. Just the rewards are 2x higher.

[echo quartz]

2 x what?

[gloomy gazelle]

Your staking rewards and your revdis. It’s the ILV or sILV you claim.

!claim

[echo quartz]

2 x 41%?

[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.

[vernal lynx]

This is helpful. Thanx for the price estimate breakdown

[gloomy gazelle]

Ah. No. 41% IS the 2x value

If you stake flexible it’s half that apy.

[echo quartz]

I see, so in actuality 2x weight means 100% of what it says on the front page 😛
and 1x weight = 50%

[gloomy gazelle]

Yeah

When you go to stake it displays the actual APY you’d get based on the lockup time you are selecting.

Of course APY is variable based on total value in the pool and how many ILV are being distributed

[echo quartz]

I see thx

[open tusk]

on the staking site i cant select 'fixed' only flexible, is that normal? and we can only do this on ETH network right? is ILV using any layer 2 to reduce gas?

[gloomy gazelle]

Is it the scam site?

!staking this shares legit links

[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

[open tusk]

Yeah it was a scam.. realized it soon after, almost used it 😦

[vital frigate]

Glad you didn't fall for it

[crimson cipher]

I bought some ILV and want to stake them, but i have a question why would someone only stake a portion of their ILV?

[gloomy gazelle]

So they could paper hand it

https://tenor.com/view/just-kidding-jk-reaction-dodgeball-ben-stiller-gif-4385534

[crimson cipher]

Ok thx

[gloomy gazelle]

https://tenor.com/view/illuvium-illuviumio-ilv-yield-farming-yield-farm-gif-22293411

They could also choose to go some in the SLP and some in the ILV only.

!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

[crimson cipher]

Thanks for the info going to read

[gloomy gazelle]

There are some tools worth checking out in the pins as well

[silent apex]

Has anyone actually profited alot from the SLP tokens? I feel like the price divergence of SLP and ETH is pretty big no?

[craggy field]

right now i get about 2% of my initial investment per day as rewards. Granted these are locked but that's pretty huge imo... this is mainly due to the price increase of ILV compared to at how much i bought it at. But even at that price it would be roughly 1% per day.

[silent apex]

And then that will be locked for a year unless you pull out with the sILV right?

[craggy field]

yes

[silent apex]

Gotcha thanks

[craggy field]

btw my SLP indeed decreased quite a bit in value if you compare it with its price in ILV only... It would have been 20% higher in value. But i've gotten about 60% of my initial investment in ILV in this time. So i'm up 40% in ~1.5 months compared to when i had invested it in ILV only.

[silent apex]

ohhhh interestinggggg.... My only problem is the vesting protion. Long term commitments scare me and I wana be liquid 😦 @craggy field

[clear cape]

sure but cant get amazing APY without a catch

[silent apex]

Ohm? Time? etc

[clear cape]

Not sure how sustainable those APY's are for them and the token price as well

[silent apex]

But yeah theres always catch it's just liquid

[clear cape]

Well yeah, the 'risk' is that you wont be able to touch it for a year

That's up to you to decide, whether you are comfortable with rewards vesting for 12 months

[verbal bough]

If I want to transfer ILV from Binance to wallet in order to stake it later on do I have to use ERC20 or can I use BEP20 as well?

[autumn cloak]

Must be on ERC20

[verbal bough]

That is unfortunate. Thanks for information though 🙏

[cyan rampart]

You can always just flex stake your SLP (keep some liquidity) and claim rewards in ILV (some long term investment). Kind of a happy medium, I think a lot of people who aren't 100% sold go that route.

[silent apex]

oh that is a good idea. Thanks! @cyan rampart

[craggy field]

This would not decrease the impermanent loss but would decrease your gains... it is like getting the worst of both pools lol :p NFA tho and idd APY qould still be 5x higher than ILV pool. But with my IL i would have only gotten about 10% (locked) profits instead of the 40% i got now.
Ofc if they remain profits remains to be seen the next year.

[cyan rampart]

If he wants to be liquid, that means he doesn't want to lock his stake. He has direct control over his IL, as he can pull his stake at any time.

Obviously the APY is lower for an unlocked stake, but if he wants to be liquid, that's fair.

[craggy field]

Sure. Well it is too bad if he cant financially afford to lose the liquidity. It is an option but for now im glad i just locked it :) Looking forward to what i have next december 😬

[boreal cape]

true, a year is a long time for some people (like me) for an investment, but doing your research, studying the project and of course, trusting it makes it a bit more easy to stake long term. OHM and TIME has insanely huge APY, but (this is my personal opinion) I can't trust it long term because I don't find it public enough. Short term, sure! (maybe) but I'm a "long-term" guy and watching interviews of the founders helps me on my decision. But of course, the future is uncertain, even "tomorrow" is not a guarantee.

[cyan rampart]

My ILV Pool stake is up in like 12 hours, as soon as gas is reasonable I'll be swapping my investment to a 12 month lock in the SLP 😄

Been sadge for months watching people talking about their SLP rewards haha

[craggy field]

Just please dont put in like 600 SLP... leave some for the small fries among us haha

[silent apex]

@craggy field Lmao talking so alltrustic when no one knows the future of anything. Really hope you investments never take a real hit with a mindset like that. "Too bad" will be the right comment when that does happen

[cyan rampart]

Brah I'm the smallest fry.

If I had enough for 600 SLP I damn sure wouldn't wait for cheap gas lmao

[craggy field]

Yeah ill be crying in chat seriously if that happens hahaha

[silent apex]

Hopefully irl ❤️

[craggy field]

Nah, it is something i can lose. Just would be a sad bean for a while... my future would have work in it again hahaha

[boreal cape]

I have a very small amount of SLP staked, but men! it has 8x yield rewards than my staked ILV (which is 2x the price of my SLP). it's gonna be worth it @cyan rampart

[boreal cape]

just talking about reality 😁

[gloomy gazelle]

@urban vine this is the proper channel for your question. And the answer is neither. Here’s how the eth/ILV LP and staking works

!lp

[woven ibex]

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

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

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

[gloomy gazelle]

!Staking

[woven ibex]

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

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

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

[gloomy gazelle]

Check pins in this channel if you have more questions. There’s a bunch of useful tools and other things to checkout. But feel free to ask I’m here as well. Just don’t trust any DMs

!scam

[woven ibex]

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

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

[urban vine]

Ty and sry !

[gloomy gazelle]

No worries

[rough monolith]

!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]

I have 2x my initial investment in 2 months, so yes.

[dark bear]

Is there any chance that staking v2 releases in the next 24 days? I would like to restake some of my SLP so that it's weight 2 instead of what it's at now before it updates.

[livid light]

So far it was set for Nov... so maybe... they have said V2 is pretty much done in the dev notes

[coral pike]

If i rember correctly it was stated that the new proposal for V2 should be out this week, then it has to go for a vote bythe council

[placid veldt]

Hi there everyone, .....so here's the situation. I had previously staked in both the ILV pool and the Sushi LP pool. I am now trying to stake an additional amount in the Sushi LP pool. I already obtained the SLP tokens and connected my Metamask to the illuvium website. I selected 'stake' for Sushi LP and it states I have to claim my rewards. At this point of the process my question is ....subsequently how many Metamask transactions do I have to confirm because I confirmed 2 and a third one popped up? I rejected it and the tokens did not stake. The SLP is still in my wallet. Of course, I'm a newbie with both Metamask and staking. I tried to follow the video on staking linked above. Any advise would be much appreciated. These gas fees are crazy and I don't want to throw away money on procedural rookie mistakes.

[brisk surge]

I have a question..
mySLP pool which is staked as flexible just ended 2 days ago...
I am just wondering if it will continously provide the same rewards if I make it stay as I am waiting for a lower gas fee...
Because if it is Yes.. I think mine stopped gaining rewards

[sacred cosmos]

3 transactions. The third one was for staking itself. First two is claim ILV from ILV rewards pool then ILV from SLP rewards pool.

[sacred cosmos]

If you staked flexible, it doesnt end. You can withdraw it at anytime. If you dont then it just keeps getting yield at the same token weight

[placid veldt]

So, since I rejected the third transaction I will have to start the process again and pay 3 additional transactions to stake the SLP tokens, correct?

The first 2 transactions automatically fail to claim any rewards because though I confirmed and paid for them I didn't complete the process in its entirety by confirming the third and final transaction, is that right?

[sacred cosmos]

It shouldnt if youre quick about it. If the rewards gained is small it wont trigger. But if youre getting a lot of rewards already then yeah it might

[sacred cosmos]

No, it should have been claimed. You can check that on your dashboard if its 0 ILV for both pools.

[placid veldt]

Appreciate the feedback. 👍

[sacred cosmos]

Did you get to resolve your issue? Let me know if you need more assistance

[atomic lagoon]

Question if I have 1 SLP to stake now, is it better to stake now or once v2 is out? Any pros and cons?

[gloomy gazelle]

You start getting rewards now. You may pay more gas fees today/ this week

[jovial root]

My personal opinion is to stake now, as long as you can afford the gas.
Otherwise you are missing out on the rewards

[craggy field]

If you plan on locking it or keeping it flexible the rewards are greatest in the early months. With a growth rate of 0.88× per month, you should realise that any risks from staking only get larger the later you stake. =con
1SLP is 4K~$ now. So staking it now would cost 400-500$? So you would lose about 10% of your investment compared to V2 where it may be less. =Pro
Would you get that 10% back in 1.5 months? Almost if you go flexible, but probably if you lock it for a year. =Con
Do note that the token could be worth nothing next year. Only do this if you believe in it yourself :) =general advice.

[atomic lagoon]

Thanks!

[verbal heron]

https://gfycat.com/glitteringgrimyamericanbittern

[vital frigate]

The heck is that

[brisk surge]

prefer yellow

[potent sapphire]

A lambo, obviously

[timber brook]

Hello guys. I am looking to invest long term into this project as I think it sounds great. My question is how would you guys advise staking it? I'm thinking 40% ILV, 40% SLP and 20% sILV to keep for future land sales and in game purchases. Be great to get your thoughts.

[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]

!lp

[woven ibex]

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

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

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

[brisk surge]

I would look at the differences between doing ILV only and ILV/ETH depends if you are long on this project I would go with the LP cause you accumulate more tokens this way

[timber brook]

Thanks Tony. I'm looking to go long on the project and re-stake any rewards. So just want to know the best way to stake to maximise return of ILV to re-stake.

[brisk surge]

For sure I would take a look at the pinned messages which have different calculators such as https://cooper1903.shinyapps.io/stakingyield/

[timber brook]

Thanks. Will have a good look at that.

[brisk surge]

No problem and other ones as well but this one I like the most.

[halcyon canyon]

Is it worth it to stake 3000$, half eth half ilv in the slp pool

[timber brook]

Where can I find the current APY for staked ILV/ETH pool, ILV pool and the APY% for ILV pool at token weight 2. Is it on a website anywhere?

[craggy field]

Once you connect your wallet to the main website, you can look at the core pools under staking. Their APY will be revealed to you once you do.

[timber brook]

Brilliant. Thanks.

[craggy field]

Make sure you got the real website :) illuvium.io
Obv

[brisk surge]

https://staking.illuvium.io/staking/core

[timber brook]

100%. Only using official links

[brisk surge]

You go there but I added to the screenshot to show you.

[halcyon canyon]

Can anybody with experience give me some advice

[atomic lagoon]

Yes definitely. You get full 400%+ APY if you lock for one year. If flexible, only half.
I would advise to watch YouTube videos in Pinned message before you do stake.

[timber brook]

Thanks Tony. One last thing. When I enter the figures into the field 'ILV amount in SLP' what figure would I put in as isn't this pool staked 50/50 ILV/ETH? Apologies if I'm being stupid and please point me in the direction of any docs out there that will explain.

[halcyon canyon]

APPROXIMATELY HOW MUCH WOULD THE GAS FEES COST

[timber brook]

Ignore this. massive explanation below the calculator

[atomic lagoon]

@halcyon canyon please check this

[craggy field]

You can check the pinned messages. there is a calculator by Vetemor :)

[brisk surge]

You would estimate by taking the current price of SLP $4,416.41 and then times that by that amount you would be able to purchase.

[halcyon canyon]

Another question I have is logically one slp token would cost two ilv tokens but Im reading its about 4k

How come

[brisk surge]

for example $4,416.41*4 = $17,665 so that would be 4 SLP in this example

[timber brook]

Great. The info below the calc didn't explain this but that makes sense.

[craggy field]

Isnt he looking for the amount of ILV that is inside the SLP? So he would need to check Zerion for the ILV rate per token. Then multiply that with his SLP token amount? 🤔

[atomic lagoon]

As Tony said above one SLP is now around $4416. You need half the value in ILV and have in ETH. Watch the videos in the pinned message. That will help explain better on the process.

[timber brook]

Thanks. Makes sense. Appreciate your help.

[brisk surge]

So ILV Treasury uses the rewards from the pools to buy to increase the price of SLP

[brisk surge]

You're welcome!

[timber brook]

Thanks. Will have a look now. Lot's of information to process but absolutely love the project.

One last thing. Where do I find the figure to put in the field 'APY% for ILV pool at token weight 2'

[craggy field]

Tony shared it in #🥩〕staking we already answered this to you lol
Else you go to the main site, connect wallet and check the core pools.

[halcyon canyon]

Ok this maybe a dumb question but how is that to our advantage, If I buy one slp now and in a year the price doubles. What happens when I convert my one slp back to eth and ilv

Thanks for all the help btw

[craggy field]

If both Eth and ILV double in price your SLP will have its value doubled as well.
If one of the two doubles then you would undergo "impermanent loss". You should google the term to get a good understanding of what that is :P

[halcyon canyon]

I understand that but what confuses me Is that the value of the slp token doesn't seem to follow the price of eth and ilv

I understand the basics of impernant loss

[craggy field]

It follows the avarage of both and had a spike a couple weeks ago (on zerion) due to the ILV value having lagged for a couple days.
1 SLP token consists of fluctuating amounts of ILV and Eth. This amount is calculated with some Sushiswap formula.

[halcyon canyon]

Does the price of the slp token affect you in anyway after you have staked

[craggy field]

Not during the staking no. 1SLP stays 1SLP during the entire staking progress.
Price fluctuations only matter when you sell it after the staking period ends.

[timber orbit]

anyone staking Link on ILV i'm wondering why my APY is not showing and my pending rewards stay the same ..! any thoughts.

[halcyon canyon]

Ok so when you sell you get back half the amount in eth and the other half in ilv

[vital frigate]

!staking

[woven ibex]

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

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

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

[craggy field]

The flashpool is over already i think. Time to claim and re-invest i think.

[timber orbit]

really...shit i thought it would go on for a while....what the fastest way to accumilate ILV

[halcyon canyon]

On last question I'm looking to stake at least 3000$, I'm thinking v2 is supposed to be out before the end of the year, I just want your your opinions on if I should wait to save on gas fees

Any update on the release on v2

[vital frigate]

They will update about V2 soon

[halcyon canyon]

And would I have to wait 12 months if I locked my slp until I can migrate over to v2

[craggy field]

Should be before land sale... with the landsale supposedly being around early january.

[timber orbit]

so i'm gone end Up paying 300$ gas for claiming 250 $ worth ILV ...ohhhh god this is Useless

[craggy field]

Yeah flashpools always were favoring the whales a bit...

[vital frigate]

Don't stake if you don't invest alot, it won't worth the gas fee. I suggest you to buy sILV instead

[craggy field]

Maybe wait up to 2 months before claiming it... possibly V2 might make gas fees a lot lower?

[halcyon canyon]

And would I have to wait 12 months if I locked my slp until I can migrate over to v2

[vital frigate]

There is not much info about V2 rn, i suggest you to wait for the IIP to be released

[timber orbit]

yeah i pull out my link claim it all , Still when you put in 10. K worth off LINK .you don't expect this.. it's telling me a lot on ILV token and land sales..... yeah i'm gone be looking for A exit point for everything ....not having man

[craggy field]

But it would be surprising if they force-locked everyone's tokens another year once they migrate.
You might have to migrate after your locking period is over. But you can expect that your initial locking period wont be changed regardless of migration.

[halcyon canyon]

Honestly, I think I'll will wait. 3000$ might be to small of an amount at this point to make it worth paying all the gas fees. I don't want to be paying high gas fees for a year not being able to migrate over until my tokens unlock. Hopefully v2 reduces the crazy fees

[craggy field]

You could wait a little until gas goes down in the weekend. Dont rush that claim haha and make sure you ask about withdrawing or claiming first. You might have a "claim" transaction popup before you withdraw regardless of having claimed it or something. Not sure about it so do ask or you'll be claiming twice haha

[timber orbit]

Sat Sun is the best time But No i won't be holding any more 10.K worth of link, 35 ILV , they don't need my cash see Yaaaa

and they can keep land Asswell, let the Apes have it all....

[halcyon canyon]

I'll sit on it for a day or two and think about it. Thanks guys you help out a lot with the overall well being of the project by just answering questions from the community

[unique void]

Hi all, help please. Been staking for a couple of weeks now on flexible, want to claim what I have and change it over to locked for 1 year, best way to do this? Im in the slp pool, thanks in advance for any help

[cunning perch]

Hey. If you want to lock your SLP for a year, you should withdraw. So don't claim first. The first you need to do is to withdraw your SLP. It will trigger a 2-3 gas-TX in which it first claims rewards and then withdraws your SLP.

[unique void]

Thanks Arash, assume I will still get to choose between silv or ilv after I select withdraw?

[cunning perch]

No worries. You should still be able to that.

[unique void]

TY

[slender hound]

Hi, If i have an existing SLP staked and locked for 302 days left, and I want to top up more SLP, would the locked days reset?

[timber orbit]

Claim it for what....an paying 2 time 200.$ gas pfff keep it dude don't want it....selling everything, got i see a SNX happing all over again,... i knew it was to good to be true, just wait for wallet witch hold 85% of the ILV tokens when the Bears come ya'll see what happens.

[cunning perch]

You can choose a different locking period for any new stakes you put in.

[cunning perch]

That wallet is the treasury and the seed/team tokens. There is no dumping. I guess you've got it all wrong. It's the DAO wallet

And staking Version 2 will be implemented in a month or two to fix the claiming issues. So, I don't see a long term problem here.

[timber orbit]

well i ques .....you'l find out when the bear come, don't you, Heard it all before....

[cunning perch]

Doesn't matter tbh. Bear market means cheaper ILV to buy and stake. 🙂 that is if ILV follows the same pattern. If not, I'm happy either way, and so are many ppl who are gonna buy cheap ILV.

[timber orbit]

I you i like you'r Antousiam but concider this' when gaming meet financial market, like it's doing, you all live on cloud 9. the bears will bring you back reality, Hard...... rule in markets is everything that goes Up, will come down...And ILV is just a Altcoin dude, like so many others

i'l be buying ILV in the bear for 100$ mark it👀

[cunning perch]

Well as I said, it doesn't matter. How many ever ILV you hold matters not the price of it. Been there 😉 it will just mean more income. Bear market is not scary at all. That is if it ever gets there. You are not taking tons of players into account. No one would care if it's bear market. It's even better for ILV to be in a bear market. Ppl will buy more ETH cheaper and spend it in game, and who do you think profits? The ILV stakers. Cuz they are buying tons every single day. It's all tokenomics

[clever swan]

anyone know if I will be able to move my staking from metamask to ledger with v2?

[cunning perch]

There is a possibility. The HOW of it still needs to be confirmed. We still don't know if wallet exchange requires a withdrawal or you can do it directly from the website. (I would like to think the latter would be amazing)

[timber orbit]

My staked ILV is solid no complains, But they fuck me on my LINK....that crap, reason for me to sell....and the BTC BEARS will make everybody feel the pain, including ILV it's a FACT i'v been there before ....to everybody it's own man

[clever swan]

Also is there any info like the top 10% ilv hodlers have this many ilv tokens?

[brisk surge]

Yes sir you can check https://etherscan.io/token/0x767fe9edc9e0df98e07454847909b5e959d7ca0e#balances and https://dune.xyz/xastor/Illuvium-Dash

[clever swan]

awesome, thanks!

[cunning perch]

Any stakes have been the same. The fact that LINK had 28 days was a privilege to whales. Anyone should know that a 28-day stake is commercial and small amounts won't be that profitable. Esp for the ones who are already in core pools and know how claiming and gas works. No one f-ed anyone over anything.

[vital frigate]

I see this dip as healty dip, bitcoin lose its dominance by alot, when everything going back up, ETH and ILV could free from the shackles of bitcoin.
ETH and ILV is doing good job holding on even if BTC is dropping.

For me this is transitionary periode. And it will keep happening as ETH trying to flip BTC

[eager lynx]

Guys, some time ago I saw some estimates on RevDis per token and can't quite remember what it was said. Would it be realistic to consider $10 per token/month in RevDis when the game goes Live?

[cunning perch]

RevDis is something that needs time to grow. Realistically, I wouldn't expect it to be $10 the first month, but could get to higher prices in the first year. You can check pinned calculators to the channel and see for your self or inquire ppl’s opinions in #💰〕token this is staking channel

[unique void]

Arash can you pm me please

[brisk surge]

Hey bro, does MetaMask work for the sushi staking pool?

[cunning perch]

Hey m8. You mean to add ETH/ILV for liquidity? Sure

[cunning perch]

Sorry brother I never DM anyone. You can ask your Q here and I'll help you. Anyone who who DMs u under our name is a scammer

[brisk surge]

Silly question but how does i make it work? I’ve been staking using the normal ILV core pool. I notice that even though I’ve got ETH and ILV in my MetaMask, when we click on the Sushi LP, it doesn’t read the tokens in my wallet

[cunning perch]

Ofc. You need to have SLP for core pools to read. Follow this:
!lp

Wtf

!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

[cunning perch]

Lol Mozart was sleeping

[brisk surge]

Awesome. Thanks

[atomic lagoon]

If i have rewards in both core and SLP pool. Can i claim one as ILV and another as sILV?

[cunning perch]

you should be able to. I haven't done this, but I think if you claim SLP rewards in sILV, you will not be forced to claim ILV pool rewards. Not sure about this. I hope another Mod can confirm this. (no one will DM you. Anyone who does is a potential scammer)

[unique void]

No worries, scammer tried to get me, lucky enough I got everything into another wallet! Almost identical name to yours and same photo, spun me some story about Celo and lower fees. Report scammer tab not showing in my discord, could you provide the link please

[cunning perch]

#🚨❗〕report-scammers yeah I though he would send you a DM that's why I sent my PM in general warning you. Your PM was asking for it lol.

[coral pike]

PSA: It would be in your best intrest to turn off DM's in discord setting - Any DM about Illvium or any offer to "help" by DM is a SCAM

[unique void]

Been meaning to, will do now, could have been a very expensive lesson! Luckily realised my mistake within seconds, still gets you sweating whilst trying to transfer everything lol

[cunning perch]

Be very vigilant. Glad you didn't fall for the scam. I'm sure the scammer is not happy 😄

[lofty root]

is there a way to reduce the gas fees from converting eth to ILV

[cunning perch]

You can buy ILV from CEXs like (Binance/KuCoin/Crypto.com). Kinda Gas-Efficient

[craggy field]

did you know that kucoin isn't mentioned in the !buy command from Moz4rt? 😄 is this intentional?

[cunning perch]

Yes I know. It will be updated. Working on tons of things. 🙂

[craggy field]

perf.

[placid veldt]

I received a DM from that same scammer, an Arash imposter (Arash | Illuvimod #2206 and #3627 same photo as the real moderater as you mentioned) Also told me to migrate my Metamask to Celo. I'm new to using Discord, Metamask and crypto in genenral but I'm also paranoid! LOL Reported him/her/it a little while ago. I see one must be extremely careful in this space. The scammers are on a relentless hunt. Only they hunt illuvinati. That's their prefererd cyber game. I really hope Illuvium really beefs up their cybersecurity and can meet this challenge like no other space has ever succeeded in doing. This alone would increase the value 100x in my eyes. Nothing like peace of mind.

[tacit lichen]

i need some help, why does SUSHI LP have APY so high compared to ILV APY

And how much $ will i lose (aprox) on $1000 stake and is it even worth it?

^ on fees

[vital frigate]

I think its not worth it for $1000 stake

[gloomy gazelle]

It’s directly higher because for every 1 ILV distributed to the ILV only pool 4 are distributed to the SLP pool.

The reason more rewards are given to the SLP pool is because it is giving actual value to the project. DEEP LIQUIDITY

[tacit lichen]

But why is that is it more risky to stake on SLP? heard something about permanent loss on these kind of staking pools

[gloomy gazelle]

You can make a copy of this sheet and use it to calculate the fees you’ll experience. https://docs.google.com/spreadsheets/d/1-yorrLEO7051B8ELI7eBtAOohYn8DME4peMPavxcUuw/edit?usp=sharing

[gloomy gazelle]

!lp yeah it’s called impermanent or divergent loss.

[woven ibex]

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

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

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

[gloomy gazelle]

https://www.publish0x.com/ilvfi/what-the-dollar-and-is-impermanent-loss-and-why-do-i-care-il-xnxkekg

[tacit lichen]

Thanks a lot, Does the impermanent loss happen a lot and whats your thoughts is it better to stake $1000 now or spend it in game when i comes out cuz i have $1000 budget to "lose" in Illuvium

[gloomy gazelle]

This video and some it the others on the playlist talk about it too. https://youtu.be/7T2WzeXWC4k https://youtube.com/playlist?list=PLuTQau_zXjlEV2niELD1mn0lfYlXOkoCr

[tacit lichen]

"lose" means if i lose it idc about it

[gloomy gazelle]

I gave you the tools to determine that for yourself. I can’t decide for you. Sorry

[tacit lichen]

Okay, thanks a lot for your help

[vital frigate]

If you gonna play the game, then buying sILV is not a bad idea

[gloomy gazelle]

Impermanent loss is not gonna be a huge issue unless there are significant gains in either token. And then you won’t lose value so much as miss out on some of the gains. But with 400% apy you’ll be ok unless one tanks hard

[tacit lichen]

I'm gonna no life the game

[gloomy gazelle]

Yeah just buying sILV is an option. But it’s a short term play as opposed to long term play to get revdis

[vital frigate]

sILV is the way then

[gloomy gazelle]

!revdis

[woven ibex]

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

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

[tacit lichen]

But without ILV i can't be the part of the DAO if im not mistaking

Ty a lot for breaking it up for me, never staked anything before hahaha, and i genuinely hate eth fees with passion

[queen grove]

Wait, why did Taps just say you could stake Chainlink in ILV

[vital frigate]

https://youtu.be/_m6Mowq3Ptk this explain impermanent loss.
Very easy to understand

[final steppe]

Was this an older video? We had a LINK Flash Pool up for 30 days where those who had LINK could stake it and earn ILV 🙂 But that pool has ended.

[queen grove]

🥲 oh

[strange shuttle]

To claim staking rewards you have to have your ILV in Metamask wallet?

[cunning perch]

What? No. Your staked ILV is staked and has nothing to do with your wallet. You can use Trust Wallet for that matters

[strange shuttle]

That’s what I thought as well. Now I’m just wondering why nothing is happening when I click claim rewards

[cunning perch]

Update your browser/wallet, update your Ledger (if you use one), clear cache on both wallet and browser, and if the issue was persistent, change browser.

[strange shuttle]

Does ETH need to be in wallet prior to claiming or can I get a quote first on how much the gas will be then add the ETH?

[cunning perch]

You def need enough ETH in your wallet to pay for fees.

[strange shuttle]

I of course understand that but when I claim I’m going to see how much the fee will be prior to processing the transaction correct?

[cunning perch]

yep. It should pop up in your wallet. But if it doesn't, do the things I mentioned in my previous PM. It should work

[gloomy gazelle]

You can check the cost and reject without having enough eth

[steady shard]

How do I transfer ILV to Stake from Binance?

[crimson creek]

hello guyz. Quick question! If I claim my rewards in sILV do I receive the same number of sILV as of ILV or do I receive more sILV as its currently trading at a lower price on secondary markets? And If I claim sILV should I be able to try to buy lands? Thanks fellas

[vital frigate]

The same, 1 ILV = 1 sILV.
You can buy lands when land sales later on (only with sILV or ETH)

[crimson creek]

thanks! So it's best to buy sILV off market as its trading for far less than ILV.... But a bit risky as well as no clear utility until the game comes out...

[vital frigate]

True

[echo quartz]

if the liquidity pool goes down in value, for example by $200
and my staking rewards are $170
I've still made a loss right?

[icy ocean]

The thing is that you cant get any sILV atm, and probably wont be until after land sale, or if you get lucky.

[next ruin]

WDYM? Looks like the pool is still active to me?

[icy ocean]

where are you looking?

[vital frigate]

Uniswap pool should be active

[next ruin]

UniSwap V3

[coarse dune]

!rev dis

!revdis

[woven ibex]

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

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

[coarse dune]

is rev dis just going to be airdropped into the wallet associated with my stake?

[next ruin]

To the best of our knowledge it will require you to claim it from the dashboard but is unlocked immediately, similar to how sILV is currently claimed.

[coarse dune]

okay sick ty

[gloomy gazelle]

!staking the video at the bottom of the following command shows how. But it just uses extra steps. If you have ILV already just transfer the ilv to your wallet using ERC20. Remember you’ll also need some eth in the wallet to do the staking transactions.

[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

[astral flume]

Staking v2 isnt live yet?

[next ruin]

Revised proposal hasn't even been submitted yet.

[astral flume]

Thanks

[hoary oar]

!contract

[woven ibex]

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

[delicate cloak]

@sterile marsh I try do all my eth activity at the weekend. SLP is still worth it with a bag that size imo. You can always pick up the token now if you're worried about price going up and just wait till weekend to stake.

[sterile marsh]

ahh yeah good call these fees are crazy even at 5 am

cost me $300 to stake

[delicate cloak]

A couple of the gas watch websites have charts so you can gauge the usual low times for your time zone. Night at the weekend is good.

[crimson cipher]

there are so much information (wrong reply was meant for the message above 🙂 )

[delicate cloak]

Yeah it actually is pretty pricey these days. Check Vetemor's pinned calculator. It has drivers where you can alter the eth price and gwei and you can have a target. Not matter what, you're paying a couple hundred $. But its the difference between 200-300 and 600-1000 lol

[sterile marsh]

gotcha thank

[past palm]

what happens to my claimable ilv tokens after adding some slp to my current pool? will they be claimed automatically

[cunning perch]

New staking to ILV pool will claim your ILV with the same TX (though costs a bit more). Staking SLP claims the ILV pool rewards with a different TX (so you will probably need to pay 2 gas). V2 is planning to fix this issue.

[past palm]

understand ty mate

and its always better to claim ILV from sushi pool as often as possible right?

if you forget about gas

[cunning perch]

Claiming is totally your choice. You know what you need and what is best for you. So always have a plan when you wanna claim cuz it'll be gasly (add it to English Vocabulary lol)

[next ruin]

In a world without gas, you'd get optimal returns by claiming every block - obviously not the world we live in, though.

[cunning perch]

https://tenor.com/view/joker-its-a-funny-world-we-love-in-we-live-in-a-society-gif-15694991

[next ruin]

https://tenor.com/view/let-me-tell-you-how-it-works-in-the-real-world-kyle-broflovski-south-park-s3e10-chinpoko-mon-gif-21683005

https://tenor.com/view/man-this-sucks-eric-cartman-kyle-broflovski-stan-marsh-south-park-gif-21569260

[cunning perch]

@next ruin you will be very content after reading about V2 😜

[next ruin]

https://tenor.com/view/stephen-colbert-give-it-to-me-please-now-hand-gif-4674856

[silent cedar]

V2 is my happy

[cunning perch]

I actually love V8. V2 is good for motorcycles 😜

[next ruin]

https://tenor.com/view/emotions-toyed-with-dont-mess-with-me-shawn-spencer-james-roday-gif-10449511

[brisk surge]

So a question again, why are the transaction fees so hi, when i want to claim my ilv i have to pay over 300 dollars to claim in fees. The fees for transactions arent that expensive. Also, I dont get why i have to claim ilv and slp if i only want to claim slp rewards.

[cunning perch]

Claiming/staking are more complex TXs than normal transferring or swapping and therefore cost more. Also, when the Ethereum network is experiencing a high volume of transactions for each new block added to the Ethereum blockchain, there is limited space for how many transactions can be included. ETH 2.0 should fix this issue.

[brisk surge]

When is 2.0 due again?

[cunning perch]

ETH 2.0 is sometime next year. V2, sometime next month or January.

[brisk surge]

Whats the differnence between v2 and eth 2?

[next ruin]

V2 staking is an Illuvium site / contract improvement. Eth 2 is a series of updates to the Ethereum protocol.

[brisk surge]

Hi guys, I have illuvium nft from Opensea, can I staking? And if so, the claim is exchangeable in eth etc ...?

[next ruin]

The promotional NFTs on OpenSea are completely unrelated to staking the ILV token or the SLP token you get from providing ILV/ETH liquidity on SushiSwap. Staking rewards can be claimed in ILV or sILV. I'd recommend a quick look through the #❓〕faq for starters.

[brisk surge]

Ok bro, but I entered the illuvium site and through my wallet he makes me staking, so I asked

[halcyon canyon]

Say staking v2 actually helps with gas fees and I locked my tokens today for 12 months. Do I have to wait until my tokens unlock before I can migrate over to v2

[cunning perch]

This will be mentioned by the proposal. Whether migration of Locked tokens is possible too or not will be pointed out by the revised version

[halcyon canyon]

So the proposal is basically the gameplan ilv holders can vote on?

And is the revised version just a revised version of the proposal after voting

Sorry my last question might be a newbie question. I haven't been in the discord much. Can anyone help?

[craggy field]

When the initial Illuvium Improvement proposal for V2 was shared, we had a long discussion on it and it was decided to be revised. Now yes, this proposal that will come out sometime soon will be the revised version of the initial proposal.
ILV holders could indeed make their statements clear and based on that it was decided to be revised.

[halcyon canyon]

Thanks for the clearing that up. I think anyone who hasn't staked yet should wait. Hopefully the new proposal is released sooner rather than later

[cunning perch]

When the proposal is released, if locked tokens have to migrate, then there is gas involved. If not, then you should wait until they are unlocked so you can migrate (again gas is involved). Now if the former happens, I suggest you wait and stake after V2 if you wanna save gas. If latter happens, then won't matter. You will have to pay 2-3 gas. Anyhow, the proposal will be released soon.

[tawny hare]

Hey I have a question, when the 12 month lock-up period ends for my staked SLP, does it automatically unstake or can I leave it staked and un-stake whenever?

[cunning perch]

If there hadn't been a need to migrate to V2 (which is unlucky) then you can either withdraw (pay gas) or migrate to V2 if you want rewards and RevDis (also pay gas). Nothing is automatic in ILV

[last valley]

So at this point in the project is it still worth staking for the 12 months since the game is coming out early q1 this year?

[cunning perch]

Staking and the games have very little in common. You don't need to stake to play the game. They just complement one another. I suggest reading the following docs:

[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

[tawny hare]

When migrating to V2, will the 12 month lock up period reset?

And just so I'm clear, so after the 12 months I could leave the SLP staked and continue getting rewards?

[cunning perch]

Whether yes/no will be confirmed by the proposal before being approved.

[tawny hare]

Understood, thanks Arash 😌

[cunning perch]

As I said above, you will have to migrate to V2 if you want rewards and RevDis (wether you can also migrate when locked will be made clear, but even if not, after unlocking you have to migrate to V2 as V1 will be rendered obsolete)

[tawny hare]

Okay I understand the migration to V2 - Let me rephrase my question. After the locking period ends AFTER migrating to V2, does the SLP continue to be staked or do you re-stake?

[cunning perch]

As long as you are on V2 and your tokens are locked/unlocked, you will get YF rewards and RevDis if you keep it staked and not withdraw. (that is if by then V3 hasn't changed the rules 🙂)

[tawny hare]

Perfect, thank you

That's pretty dope

[cunning perch]

https://tenor.com/view/correct-donald-trump-yup-yes-yeah-gif-8281757

[last valley]

Okay thank you for the info! I’ll have to read up into this whole shabang once I get off work. Since I still got you could you maybe give me a few pointers to get jumpstarted for future game?

[cunning perch]

No worries, but I do think reading those dox and pinned messages in #🎮〕illuvium-zero should cover all you need to make a plan and get ready for the games

[last valley]

Cool cool! Thanks for your time man. Appreciate it

[cunning perch]

Anytime 😉

[quiet vigil]

Hey guys I tried claiming rewards as ILV but rewards only in the staking pool were claimed and not from the liquidity pool rewards.... can someone help?

[cunning perch]

This: #🥩〕staking message

And this: #🥩〕staking message

can help you.

[tawny sage]

Guys ehmm can you a run a node here and?

i know this is embarssing right but i am no fun of interest rate is staking a coin anywhere close to it. and eventough this is illuvium can you guys also explain how that can be seen in ohm or time ( i know not appropiate maybe dm but im lost)

[sacred cosmos]

There isnt a node for ILV that I know of. Everything being offered is staking on the two pools and occassional flash pools.

[jovial root]

I have a question about sushiswap

I staked in the liquidity pool there, and got my SLP tokens that I then staked on the Illuvium website.

When I go to the Sushiswap website to see the rewards gained there, it says I don't have anything in the pool.

Is that because I staked them to Illuvium.io? And what happens to the .0.25% transactions that the sushiswap earns?

[elder dawn]

You're yield farming through illuvium, not sushi, so your rewards are all on your illuvium.io staking dashboard. as for the 0.25% sushi fees, those are added automatically and are reflected in the price of the SLP token. no action needed to receive those.

[jovial root]

Scammers are trying hard today!

[cyan river]

Lol I didn't even know of the 0.25 fees from sushi

[elder dawn]

yep, 0.25% of every transaction is just added back into the liquidity pool. Utilization of the pool has dropped lately, so don't expect too much from this, but it's something! https://analytics.sushi.com/pairs/0x6a091a3406e0073c3cd6340122143009adac0eda

[brisk surge]

can we buy sILV?

[silent cedar]

Yes

[brisk surge]

on sushiswap?

[coral pike]

FYI on sILV is meant as a in game only coin. because its not official sILV was never meant to be traded its not "supposed" to be traded everything outside that happens is unofficial and not supported by the DAO. Any place it is traded do at your own risk. silv has no official value outside the Iluvium ecosystem

The price ,validity and liquidity can vary between platforms. Buyer Beware

Here is the link you can check the current swap value /purchase https://www.dextools.io/app/ether/pair-explorer/0xa7f72a1ec0ab189998a3eec8b886e6360aff39da

[silent cedar]

Uniswap

[brisk surge]

thank you and yea i knew that part i was just curious since i know well be able to buy land with it

[coral pike]

sILV is = to the value of ILV when buying land for example if ILV is $1000 then sILV is = $1000

[brisk surge]

ok i see but thats only when it comes to buying land?

[silent cedar]

In game sILV is equal to ILV

[coral pike]

anything in game that does not include another player

[silent cedar]

Outside the game, one would expect the price of sILV to approach ILV over time after game is launched, but it depends on what people are willing to sell and pay for it.

[brisk surge]

yeah i see what you mean. and so the items that we will be able to craft and mine for will that be bought and sold in eth or sILV? or is that not confirmed yet?

[silent cedar]

Like @coral pike mentioned, sILV will not be used for transactions involving other people.

[coral pike]

no you cant buy or sell anything to another player with sliv

[brisk surge]

so what will sILV purpose be in the game? to buy in game items like using v-bucks on fortnite?

[silent cedar]

Any in game fee, pay for travel, curing shards, etc.

[mystic kelp]

if i already staked a couple ILV, and im buying the dip now, should i wait for v2 to stake my new ones? or should i stake them as soon as possible?

[fresh gale]

i would stake now; no telling when v2 will be live

[silent cedar]

What is the benefit of waiting?

[gloomy gazelle]

Less and lower gas fees

[atomic lagoon]

what is a good gwei in gas for staking?

[vital frigate]

Below 85

[keen ridge]

40s

[delicate cloak]

You'll be waiting a while these days lol

[gloomy gazelle]

It really is pretty good atm

[keen ridge]

Yeah seems to be getting worse and worse ay

[delicate cloak]

Yeah we've kissed 60 briefly in the past 2 weeks but realistically below 80 is good now 😬

[empty fractal]

If you just have a small amount of ILV, say 1ILV, do you think it is worth staking or will the gas fees eat up any gains? Understand that you also need to pay gas fees when you want to redeem rewards?

[vital frigate]

1 ILV is not worth the gas fee IMO

[dusk gorge]

Yup. Now gas eat up like $400-500

[delicate cloak]

1 is what I consider, maybe worth it with low gas and a good token price and you claim your staking rewards like once a year but really it's better to do more.

[empty fractal]

Ahh okay! Will wait it out till I have a bit more. Thanks 🙂

[vital frigate]

If you are planning to play the game, buying sILV could be a good idea

[summer heath]

does anyone know how i can find sILV on uniswap if its still there

[delicate cloak]

The token address is pinned here and in #💰〕token

[summer heath]

awesome thanks

[placid lagoon]

Sir I have two questions regarding staking rewards and pool.

#1. After the staking period is over, what happens if I just let'em all (rewards+deposit) stay in the pool without claiming? Do they stay as they are, do they still generate yield by compounding?

#2. So ILV rewards are locked for a year, while sILV is immediately usable. Can I take out the sILV and swap it for Eth or something on DEX too?

[vital frigate]

1. They generate yield by compounding
2. Yes, there is ETH/sILV lp in uniswap

[woven valley]

@vital frigate

[vital frigate]

?

[idle umbra]

Is there any place to find the staking contract code?

[crimson cipher]

You mean this ^ ?

[vital frigate]

! contract

!contract

[woven ibex]

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

[idle umbra]

I want to figure out how to implement the staking mechanism👀

[potent sapphire]

What do you mean by that?

[brisk surge]

You can view the contracts on etherscan

[olive jungle]

I've been wondering about security before I'll stake so I have a few question.
Is using Metamask really that risky? I mean if I stored my secret phrase on a paper, can hacker still able to access it though hacking the encrypted code on the web and is using a cold wallet is a must?

[brisk surge]

I would suggest when using MetaMask to pair it with a Ledger or Trezor and connect like that for safe measures.

[olive jungle]

alright

[opal siren]

any way to view staking rewards/positions in a 3rd party analytics program? or are there any public endpoints I can hit with a public key that would return my staked balance(s) / rewards?

[silent cedar]

Zapper.fi might be what you want. It is in the pins on this channel, you may find other useful things there as well.

[opal siren]

wow thank god I knew about zapper but wrote it off months ago, this is seriously improved, tyvm

[brisk surge]

Hi everyone, who knows how much fee does it cost to send Illuvium from Binance to illuvium staking?

[cunning perch]

From Binance to MM, it should cost around 0.0035 ETH. the rest, you can read this: #🥩〕staking message

[brisk surge]

So along with 0.0035ETH of MM transfer, we have to pay gas when we stake?

[cunning perch]

definitely.

[brisk surge]

crap, so it is not worth it staking 1 ILV if you have to pay 0.007ETH. Do you know what is the yearly APY right now on ILV Pool?

[worthy peak]

a hell lot of gas

[cunning perch]

you can always connect your wallet to the staking website and see the APYs 🙂

[brisk surge]

oh right

41% so it's not worth it for 1 ILV

[sour sonnet]

how can someone say its not worth it to stake 1 ilv when we have no idea how much revenue will be generated at land sale and then launch?

[cyan rampart]

Everybody's investment is entirely in their own hands. Some people will think it's not worth it to stake 1 ILV, others will think it is worth it. As no one can see the future, it's hard to say 😛 With current gas prices, you'd be losing something like 15-20% of your investment to gas fees just to stake though, and that's too much for many people.

[sour sonnet]

great point but how would that equation change if the land sale was a smash hit?

[silent cedar]

It's possible it's not worth it. But you get more ILV by staking what you have, so you would have less ILV if you didn't stake. When it comes to SLP there is impermanent loss, so it's possible that you would have less, but it would have to overcome the ILV you gained by staking. Always do your own research NFA.

[cyan rampart]

Everybody is free to run their own numbers based on their speculation of what revenue the game and land sale would generate. There's no hard and fast, or even accurate way of predicting these things.

Obviously massive land sale revenue tilts the scales towards staking. DYOR NFA etc etc.

[pulsar mural]

What are the risk for holding SLP, sorry got to ask again im not clear just now

[cyan rampart]

Impermanent Loss

Basically, your assets will get automatically balanced between ILV/ETH based on the current prices to maximize liquidity.

This means your SLP tokens are constantly changing composition. You could stand to lose money compared to just holding those tokens in the time they are provided as liquidity.

[pulsar mural]

I have just stake my SLP token for 1 year, so do i have to keep on claiming to rewards or can i just leave it?

[cyan rampart]

Rewards start a 12 month vesting period when you claim them, so at some point you'll want to claim rewards. You can leave it as long as you want until you claim though.

[pulsar mural]

Ok thanks i will just leave it for a year then

[worthy peak]

if you not claim you don't get compounding though

[atomic lagoon]

happiness is watching your ILV number grows everyday from staking 🙂

[delicate cloak]

It's great! And you worry about the price a whole lot less because you're locked up. And then just keep getting those sweet rewards 😁

[next summit]

Hey im so new to all this stuff but i believe in this project and i got 5k to spend, why should i invest it in staking?

[tepid jolt]

Im currently staking 4 ILV in flexible mode. I would like to change from flexible to locked so as to increase my weighted payouts. Im trying to minimize gas fees ofc. What is the best way to go about doing this?

[cyan rampart]

No one can tell you what to do with your investment, but one of the primary reasons most people have staked is for Yield Farming and Revenue Distribution.

[cyan rampart]

There's not much you can do - You'll have to unstake + stake, which is 2 transactions. Basically, wait until gas is as cheap as possible (usually Sunday nights for me), and go for it then.

[tepid jolt]

You want to stake (nfa) bec of revenue distribution into perpetuity. The ilv token will be used in all their upcoming games and you get paid for all their games - illuvium is jist the start

[cyan rampart]

!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

[tepid jolt]

Right on, okay I figured but wanted to make sure that wasnt something I was missing. Thanks.

Is there consensus on whether it would be ultimately profitable to stake a single ILV on sushi? Will gas fees rek me? I understand that any feedback is not fin advice and just anecdotal and appreciate any feedback.

[cyan rampart]

You can only stake ILV through Illuvium. Sushiswap allows you to provide liquidity, which you receive SLP tokens for. SLP tokens are also only stakable with Illuvium.

Basically, all staking for ILV/SLP is on Illuvium - Sushiswap is just an exchange, and handles the liquidity pool for ILV + ETH.

Staking a single ILV incurs a lot of gas fees. The TL;DR is it could be profitable, or it could not be profitable, depending on your feelings on ILV price into the future, the amount of revenue generated by future sales and the game release, etc.

If Token Appreciation + Yield + Revdis > Gas Fees to Stake + Claim Rewards, it's worth it.

[tepid jolt]

Got it, thanks!

And slp will allow me to cure shards in the game? Is that right?

[cyan rampart]

Nope! SLP are Sushi Liquidity Pool tokens, and have no utility in game. The in-game currencies are ETH and sILV. sILV is a staking reward which can be spent in game. Note that the primary currency is ETH, and you do not need sILV to play in any way. There's more info about this in the #❓〕faq

[tepid jolt]

Thanks!

[pulsar mural]

When can I start claiming, every week?

[sacred cosmos]

As soon as the claim button is not greyed out. I think around .001 ilv you can already claim but gas will kill you. So most of us wait until the rewards are big enough to dwarf the cost of claiming

[pulsar mural]

Ok so by claiming rewards i would have to pay a gas fee, afterwards theres a need to restake which cost another gas?

[final steppe]

If you claim rewards as ILV, they will automatically vest (restake) in the ILV core pool and be locked for 12 months 🙂 So just one gas free to claim/restake, essentially.

[pulsar mural]

Thanks, much appreciated

Anyway there this guy who added me "Arásh | IIIuvimod#6203" is he a legit mod? If im not wrong mod won't personally add anyone and make a first move right?

[final steppe]

Scammer. If able, please right-click his username so you can copy their Discord ID, and post it in #🚨❗〕report-scammers
One of the lead mods can get a ban in on them
(And yes, correct about the mods. We will never DM you first or make that first move haha)

[pulsar mural]

Done 😆

[verbal heron]

https://tenor.com/view/dave-chappelle-im-rich-bitch-autobattler-rpg-blockchain-gaming-gif-22427900

[final steppe]

!scam

[woven ibex]

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

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

[cunning perch]

@untold python please don't send link here. The give away link is here: #📣〕announcements message anything else might be scam

[dusky vector]

Hi all, I want to transfer Illuvium from my Binance account to my MetaMask wallet, what network should I use? Thanks

[cunning perch]

ERC-20 on ETH mainnet to MM on ETH mainnet

[amber geyser]

Hey, are the rewards I claim from my staked ILV also locked up? And if so are they locked 1 year from the day I claim them or from the day I receive them?

[cunning perch]

yes. ILV rewards will stay locked AFTER you claim them. You can withdraw in one year or migrate to V2. V2 will be out shortly and might change some mechanics. So stay tuned

[amber geyser]

So if I claim now, the reward will be locked until 19.11.22? Or should I just wait for V2 und decide then?

[cunning perch]

If you claim now, yes. the locking duration will also be the same in V2, it's just that it might be more gas efficient.

[hallow sapphire]

Do we have any info at all on V2 APY yet

[cunning perch]

V2 won't change APYs. It's just a migration from one contract to another that offers new utilities like gas-efficiency in claims and possibility of wallet change and ofc RevDis

[hot lynx]

Hey Arash how r u
have you been doing any staking ? 100 Gwei is the new 30 😭

[cunning perch]

Hey bro. Not bad. Contributing 🙂 well, gas hasn't been terribly annoying this week compared to last one though, but yeah, 30 is RIP for now.

[cunning perch]

well there should be a gun pointing at his head. He goes for it he's gonna get shot in the head. lol

[hot lynx]

Ye it's crazy I did the full cycle the other day after 6 weeks of waiting for gas ⛽ to drop..
Buy ETH Buy ILV
Sushi 🍣 pool ILV/ETH
Stake on ILV.io 12 months SLP lock
Claim sILV cause I don't want to to caught out when the land gets announced 😅
GAS X 5 transactions 💰💰💰💰💰
Lucky I ❤️ ILV

[cunning perch]

yeah but you'll get all your gas money back no worries 🙂

[hot lynx]

Agree mate 👍🏻 I want land also .. looking at T2 and T3
I drifted from #🥩〕staking into land . So I am popping over to #🎮〕illuvium-zero
It's the weekend so no zoom calls today 😀

[worn steeple]

this is epic hahahahha

any recommendations on the minimum amount to stake to make it worth it?

considering gas fees

[delicate niche]

did i get a scam mail eth stake 1000 apy

[ivory tusk]

yes

[spring merlin]

single stake minimum would be lower than SLP since SLP will have two transactions every time you claim versus just one if you only single stake. SLP I'd probably say 2-3 ILV + matching ETH to limit gas fees to a reasonable level.

single-staking 1 ILV is reasonable imo

[prisma schooner]

Does staking V2 remove 2x weight? Or was it x2 weight requires 2 years? I forget

[wheat kestrel]

They proposed making it 2 years, instead of 1 year, to get the 2x weight. However, it sounds like it may stay the same for V2 staking and remain 1 year lock for 2x. The details aren’t final though.

[prisma schooner]

Thank you!

So I put in only $2500 ILV $ 2500 Eth
This all started Aug 21st.
So 90 days now and 12.8 ILV earned
Average .14 ILV a day
4.2 ILV a month

IF ILV is equal to $1,000

$140Per day
$4200 a month

did a 50/50 SLP when ILV was $440 put $5k USD.
That same SLP is currently worth $8207 or 1.8937SLP

So an investment of $8207 (not including gas fees should produce similar or a little less ILV per month.

So.. Damn that's some solid return on investment in my opinion, 2 months to make your initial investment back then keep pumping out ILV for every month after.

Of course Its locked for a year so who knows what price will be then.

[barren fern]

Hi guys newbie here

I wonder if anyone can tell me how much SILV I would get from staking $2k ILV for 1 year?

[atomic lagoon]

You can check out the calculators in pinned message. I think you will earn roughly around $800 worth of silv + revDis if i am not wrong.

[barren fern]

And the SILV I get straight away

And I would be able to use that for the land sale would this be correct?

[atomic lagoon]

You get roughly only around $2+ silv per day. So if you are staking for the upcoming land sale, you will not get enough in time to use it.

[clear cape]

Yeah it was pretty known during then you get initial investment back in around 2 months or so, now its like 3

[barren fern]

Ahh okay thank you

So for land sale it’s best to do with eth if I want a chance

[atomic lagoon]

You can swap from USDT or ETH to silv on uniswap and buy land with silv. I think it is about $360 ~ per silv and you can use it for the same price as ILV during land sale.

[brave notch]

steak

[barren fern]

Okay where is the best place to find the correct SILV Address

[atomic lagoon]

You can check in the pinned message in #💰〕token

[barren fern]

Thank you for your help!

[terse raven]

does anyone know how i could find the TVL of the SLP pool?

[lavish fractal]

I've got 1ILV on Gate.io & the only thing I'm offered is a nulled Lending option, what should I do to get staking?

[lusty wyvern]

Hey guys I wanna stake anyone know how to and is it risky

[silent cedar]

!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

[silent cedar]

@lusty wyvern def watch the video above

Also look in the pins and read the impermanent loss. That is in regards to staking the sushi Liquidity Pool instead of staking ILV directly.

[lusty wyvern]

Okay thanks so much

What do u think is better staking in ilv or the liquidity with both Ilv and eth

[silent cedar]

Well again it depends on the amount you are spending and gas for transactions and risk of impermanent loss, but SLP yield is way better reward. There is a calculator pinned that you can use to estimate.

[placid wind]

I am trying to stake my ILV. I go through the process of staking, have enough for the gas fees, and confirm the transaction on my phone and then nothing happens. I keep trying to do it over and over and my ILV is never moved over for staking. Can someone assist, please?

[lusty wyvern]

If I stake 2 ilv into the normal pool for ilv rewards how much will I get back in 5 weeks or 10 do u reckon

It says 24% so does that mean 24% of ilv token back

[jovial root]

My friend asked me yesterday about staking and land etc, and that he had $8000 to risk.

I said that in my opinion, and not as financial advice... if I was in his position now to enter Illuvium, I would buy $2500 of ILV, $2500 of ETH, stake them in the Sushiswap Liquidity pool to get the SLP, and then stake that on Illuvium.io for the 12 months to get the 2x weight.

Then take $2000 to uniswap and buy sILV (should be able to get approx 5.5 sILV) and use that to try and buy 1x T1 land in start of Janaury.

The left over from the $8k to be kept as ETH to use as GAS

Then let the rewards from the Staking build up, don't collect them yet, wait till land sale time, if he is able to buy T1 land with his 5.5 sILV great! Once he has got 1 land, then collect the staking rewards as ILV locked for 1 year (to get the revdis from the land sale)
However if he was not able to buy land with 5.5 sILV in the first 1 or 2 batches then collect the staking rewards as sILV and use that to buy Land.

Just an opinion, not financial advice, and he actually decided to wait and see if the prices drop more next week....

[jovial root]

Be super careful on clicking and clicking, it may be costing you transaction fees everytime.

Also keep in mind that it can take a few minutes (or even 10.minutes) for it to confirm once you click it.

[placid wind]

thanks, still nothing

[jovial root]

Hmm. Might need one of the mods to give you a hand, to confirm which website you are on, what wallet you are using, how much ETH you have for GAS and so forth.
Just don't trust anything coming to you as a DM

[placid wind]

thanks much! @dusky rock @worn turtle can one of you assist me with staking ILV. I am trying to stake on https://staking.illuvium.io/staking/ and my coinbase wallet is connected which has more than enough ETH for gas fees (and is confirmed when Im asked for confirmation of staking from my coinbase wallet to the staking ILV). It all seems to go through but then nothing happens from there. I still have my ILV on my wallet and nothing is staked. Assistance is much appreciated!

[worn turtle]

Are you trying to stake in the ILV pool or the ILV/ETH pool

[placid wind]

ILV pool

ahh, well maybe ILV/eth given it is costing me a lot in eth to transfer?

[placid wind]

im going to https://staking.illuvium.io/staking/core and then click on ILV [stake] and then enter amount etc. After confirming, I get notification on phone to confirm and then nothing happens

[prisma schooner]

This is exactly what I would do, esepcially now that ETH and ILV dipped

[placid wind]

when I go to stake, there are 2 options: ILV or Sushi LP. I click ILV stake, click locked and maximum stake for 50 wks. It asked for phone confirmation (and confirms I have enough ETH for gas fees) and I do that. Then NOTHING. No confirmation, no acknowledgement. nothing. I have tried this 20 plus times today and waited awhile before trying again and nothing at all. Please advise

[worn turtle]

What wallet you using

[placid wind]

coinbase wallet

[worn turtle]

Honestly.... I havent used Coinbase wallet... but if you switched your seed into Metamask or 1inch I can almost say without a doubt you would have 100% less issues

[languid dock]

Do we have an expected date yet for staking v2?

[coral pike]

nothing announced. The proposal has not been released yet and then still has to be reviewed and voted on by the council

[languid dock]

Aw darn. I heard a while back it would be done in November

I guess I'll check back later. Thanks

[placid wind]

bummer, well thanks for you time...ugg, these eth transfer fees are so ridiculous that I dont want to spent more money on yet another transfer. Does anyone else possibly have insights on this?

[worn turtle]

You dont have to transfer

its your exact same wallet

just in a different app

when you open metamask or 1inch you just enter your seed from Coinbase Wallet and all your tokens are there

[urban vine]

People consult. Regarding the LP of ILV / ETH, when ETH goes to 2.0, will there be a problem?

[placid wind]

? I am not able to connect the two and have spent past hour trying to do so with no luck. I cannot enter seed from coinbase, they dont allow that apparently

[brisk surge]

What does it say when you try and use Coinbase Wallet?

[placid wind]

when trying to stake, I go through process on my PC then it needs to verify through my phone and after verifying I have the eth gas fees, it says confirm the stake. I do so and then nothing happens after. I wait for quite some time and try again. nothing works

[urban vine]

Hi consult. Regarding the LP of ILV / ETH, when ETH goes to 2.0, will there be a problem? If I block them in 52 weeks @brisk surge

[dusk berry]

Same issue. I’m using metamask

[gloomy vector]

Hey guys how much to make it worth staking ? 1000? 10,000? With all the gas fees what makes the most sense?

[clear cape]

Problem why?

[atomic lagoon]

NFA personally I would stake for $3k minimum one year lock. You can check out how much you will get from calculator in pinned message.

[gloomy vector]

Where can I find the calculator???

[atomic lagoon]

@gloomy vector click on the message above, it will direct you to calculator post 👆🏻

[urban vine]

Not much understood 😄

[gloomy vector]

Not the best chart for noobs but I have a slightly better understanding

[urban vine]

Sry, I'm really bad at this 😄

[brisk surge]

What do you mean by problem?

[carmine drum]

The issue may occur between the PC and Phone switching process.

[gloomy gazelle]

I’m guessing the question is about if we have ETH locked in a pool and ETH2.0 comes out are there new tokens that we’d be missing out on getting… I’m thinking that’s not how eth 2.0 will roll out anyways.

[placid wind]

any idea on how to proceed? Ive spent my entire Friday night on this unfortunately!

[carmine drum]

Try staking on just PC or just Phone.

[placid wind]

On PC, I have to confirm via phone. I just tried doing it all through phone but same nothingness. I'll wait for 10 min and see if it actually stakes but not sure why there would be absolutely no acknowledgment of transfer after confirming.

[olive jungle]

Is there any other way to stake Illuvium without using Metamask?

[carmine drum]

Does you wallet support browser extension?

@hexed bough Can you give a hand pls?

[placid wind]

coinbase wallet--i dont know but dont think so

[carmine drum]

You have enough eth for tx?

[placid wind]

yes

I cannot stake via pc or phone and have tried for several hrs

[carmine drum]

I have tagged the guy above to help you, I myself dont have much knowledge with other wallets, hope he can reach you asap.

[placid wind]

thank you

[prisma schooner]

Gas is at 83 wtf

[pliant whale]

if people would just take the time initially to get a HW wallet (Ledger or Trezor...) and then install & setup metamask, it would be not only less problematic moving forward but also your funds would be safe... 🔐

We can trust the ethereum network after doing the above 👌

[hot lynx]

65 Gwei 👀 @cunning perch

[cunning perch]

30 tomorrow?

[hot lynx]

That was the old days 6 weeks ago 😭

[cunning perch]

Maybe tomorrow it gives a taste again before going dark for another 6 weeks lol

[hot lynx]

Could be could ...be

I pinged a non staking update in the #883980140479127622 section . My of Ethereum and it's ETH/BTC helps 👍🏻👍🏻 @cunning perch

[hot lynx]

One day our #🥩〕staking ILV will be ..

[subtle spruce]

Hi, just wondering how much will it be better and worth to take the ILV reward out usually ? Like when it has around 5ILV or 10 ? Or there’s any calculator for that

[hybrid gazelle]

So does anybody know when land will go up for sale

[brisk surge]

Well if you plan on exclusively buying land then the fact that sILV currently is on a good discount that could help to get into that.

[slender oar]

Hi! When I am staking in both ILV and SLP pool, can I claim just my SLP rewards ?

[cunning perch]

Hey. check this please. It should answer you #🥩〕staking message

[leaden panther]

Quick question: I staked ILV in the solo core pool 100 days or so ago. I did not realize that I can claim a reward. If I claim it now as ILV will the vesting period of 12months start from now?

[cunning perch]

!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.

[leaden panther]

ok thanks. Then I did not even f*** up by not understanding the system imo.

[cunning perch]

Well sometimes not doing anything is better than doing something wrong

[lavish fractal]

Anyone able to give assistance getting $ILV from Gate.io to MetaMask?

[cunning perch]

Idk Gate.io, but your question might bring some scammers to your DMs. Just be careful. Hopefully someone with knowledge about Gate.io will help you here. (but tbh, it should be like any other CEX, from which you buy UKV and then send it to your MM ETH address)

[lavish fractal]

Yeah I've been getting a few of those recently, had helped a few folks out too. So I am safe to just forward my token to MM eth address by copying clipboard?

[livid light]

Calculator wise it still seems with current rates to claim sILV from rewards, sell it off and invest in SLP pool. Still a good investment?

[livid light]

Even looking at 10k in ILV vs. $3k in sILV sold over the course of one year

it's pretty close overall though due to gas

[delicate cloak]

I haven't run the math but make sure to take gas fees into account. I can see how it would be beneficial over a certain threshold though. I just remember Deraji on Vetemor's channel saying when he ran the numbers, it wasn't very beneficial unless you have heavy bags and even then it comes with added risk.

[delicate cloak]

Lol beat me to finishing my message 😂 but if you time that low gas, it may push you over the threshold to be worth it.

[livid light]

I just question having the ILV vs the ETH/ILV pair

[lavish fractal]

Have any of you guys got experience with Gate?

[livid light]

I do not sorry bro 😦

[delicate cloak]

Yeah as RevDis rolls out, having more ILV is good too. It's a hard one to crack. I've settled for just adding to my SLP bag when I can afford to and vest everything into core ILV and buy sILV as I need it. That's just my strategy. It may not be the most efficient but I'm happy with it.

[livid light]

running the numbers the SLP pool is about $800+ but then you factor in the gas and it's about even honestly, however compounding MUCH higher rewards are not taken into account

[delicate cloak]

Sorry nope.

[livid light]

right now I get one token a day so if through the SLP pool I can get that up to 1.5 or 2 over the next few months I would be happy

[delicate cloak]

That's awesome. Nice sized bag! I got some catching up to do lol

[livid light]

I got into ILV at $300 and ETH was low as well

APY was 640% at that time as well

[delicate cloak]

That's awesome. I spent a few weeks reading/learning where I should have aped in 😂 got into the core around $500 but was at just over 1k before I got into SLP. Still almost 450% or something when I started. I'm happy either way though, still massive potential gains. Just gotta try get a bit more into SLP before release because I bet the APY drops quite a bit then.

[livid light]

Once they start putting massive marketing behind this game it going to moon and then release will bring tons of players if they get it all right

[hexed bough]

Hey, if you still need help, send me a DM and we can go through it

[lavish fractal]

Differences? What do I need to enter this LP?

[sonic wolf]

first pool only need ILV, second pool you need ILV/ETH 50/50

[lavish fractal]

And a liquidity pools purpose is to keep a flow going, that's why it's 10x the returns?

[cyan rampart]

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

[lavish fractal]

I need to get .5 ETH now... Thanks again guys. Need to keep an eye on impermanent loss too I suppose...

[cyan rampart]

A liquidity pool is just that - It supplies liquidity to the market on Sushiswap. It enables DEX trading of the 2 assets it is comprised of. So you can trade ETH > ILV or ILV > ETH so long as there's a liquidity pool.

[sonic wolf]

high risk of being exit liquidity and IL

[lavish fractal]

So safety wise I'd want to stick to my 40% APY

[sonic wolf]

double pool is pretty safe mate

[cyan rampart]

It's up to you - I'll be staking the SLP. It's not like, dangerous, but there's a risk of IL.

[sonic wolf]

i went mostly into single pool before and now I am regretting it

100 ILV in double pool gives same rewards as 1000 ILV in single pool

[lavish fractal]

See I was originally going to buy into ILV at 700, then it hit 1.4, now she's at 1k... Eth dances around like that a lot too. IL these ends seems like a broad chance

@cyan rampart

Oh I need more gas..

[cyan rampart]

Yeah, it's worth using the Gas Calculator pinned in this channel to get an idea of the fees you'll be paying.

[lavish fractal]

$100 in fees, gonna use calculator to see how long I'll be paying that back for

[cyan rampart]

#🥩〕staking message

[lavish fractal]

Hopefully this is all worth it, thanks for the support

[signal basin]

If people in the SLP remove their liquidity, does this increase staking rewards for people that stay staked in the pool?

[mint cave]

Yes

[ornate cypress]

What happens to the slp after YF rewards are finished, is it just going to be a mass exodus

[mint cave]

Equilibrium will be reached when the sushi fees make it worth it to continue providing liquidity like any other standard LP.

But on the whole yes, most will remove LP and do something with that chunk of ETH...like buy more ILV and/or use in game

Assuming, of course, there are no added incentives to provide liquidity from now until then

[unkempt oak]

I’m using brave browser and when I select claim rewards for the slp pool it claims my rewards from the other Ilv pool.

[livid light]

It will claim from both pools that is the way it was built

[unkempt oak]

Is anyone else having that issue? Maybe I’ll clear my browser cache.

[unkempt oak]

But my slp reward stay the same amount. They don’t go down.

[livid light]

you do two transactions one for the first pool and the second for SLP pool to claim the SLP pool if invested in both

[unkempt oak]

Ok thx. I’m still confused lol. I’ll do some reading

[worthy peak]

I had this issue, it means you have no enough gas for second transaction i suppose.

[livid light]

if your not dealing with thousands of dollars the gas eats everything 😦

I just want the V2 to come out, if I remember they said its done

Staking v2
Staking v2 is essentially done, including unit tests and documentation. We will put out an IIP that we are confident will pass, because it has been
discussed with the Council previously. I am personally not happy with all the changes made since the original IIP, but the player base should be,
because you asked for it. Keep in mind that v2 includes upgradability so if things need to be changed it is much easier now. But there won’t be a
v3 until we are ready to deploy on L2. There is no date for that.

I think the IIP comes out Monday

[worthy peak]

Does anyone understand how SLP gets ROI from Sushi? Does every transaction add something to the pool, and thus every SLP gets a little something?🤔

[cunning perch]

Then it was not clear how pools would turn out to be and were def riskier. Now that the success has been made clear, it's less of a risk. We had to make a choice whether to take a greater risk or a much anticipated one

[worthy peak]

But we now understand who dumps the price of sILV

[livid light]

Between NFT games I guess it's time to quit my job...

[cunning perch]

Well, more chancw to buy in. 😄 I think we can provide enough liquidity for all the family members to play ILV now haha

[worthy peak]

All my eth went to ILV, i am eth-poor

[cunning perch]

Yep. Many have already done it, I have started the procedure, and you can follow 😄 the world is in here, nothing out there

[cunning perch]

I feel you brother. You can cry on my shoulder. 😄