🥩〕staking

[clear cape]

yes

[cunning perch]

after upgrading to V2. you will gt RevDis and YF rewards

[tired cosmos]

v2 isn't necessarily associated with ETHv2 right? So gas fees to get SLP or ILV is still high from Sushiswap, but when staking or claiming that is where gas fees are lower?

[cunning perch]

it has nothing to do ETH 2.0. One things that it does is to revoke the force of having to claim both pool rewards when claiming. and ofc utilizes gas fees as well

[tired cosmos]

Great. Then I will go ahead and get some SLP now and wait until v2 is released before staking.

[brave marsh]

anyone has calculator to get 1 silv per day?

[cunning perch]

the calculators are pinned in the channel.

[brave marsh]

thanks will check.

[cinder dragon]

does everyone get that bonus when staking in v2 regardless of if they staked before?

[atomic lagoon]

only people who staked in v1 will get the bonus for 2 weeks not yielding period.

[stable grotto]

gas fees are stupid high

[sleek ocean]

is V2 implemented and ready for the upgrade?

[clear cape]

2-3 weeks

[sleek ocean]

will be ready in 2-3 weeks?

[clear cape]

Its in week 1 of audit right now. generally takes 2 weeks, but this one is a bit more complex

[sleek ocean]

ok, thank you, I believe once ready it's will be communicated in the annoncements tab

[clear cape]

Correct

[honest anchor]

Is it still a good idea to stake in version 1 if Iam ready now?

[gloomy gazelle]

Gas is low low right now. I mean compared to recent times.

[gloomy gazelle]

#🥩〕staking message check this post to know if you should stake now

[paper prawn]

sup fam , 1 question - if i will buy 3 ILV and put them on stake, i will have sufficient to buy a land when they arrive?

[true vector]

most probably not

[sleek ocean]

why not? the cheapest land will be sold starting from 0,5 eth and doing down in the price since it will be Dutch auction

so 3 ILV that will be more than 0,5 eth definitely

[cunning perch]

he wants to stake 3 ILV. 3 ILV won't gove that much sILV rewards. So if he wants to buy the land or better lands, it's better to use it in other ways.

[sleek ocean]

ah, yes, in this case agree

[paper prawn]

Thank you!

what other ways i can have? other than marketplace can you explain if there are any?

[cunning perch]

You can buy sILV cheaper on th market (Uniswap) to have a more buying power as sILV = ILV price in IlluviDEX. But make sure you read this first #💬〕general message

Or simply use ETH in the land sale

[paper prawn]

ive been reading something about a pool from sushiswap or something like that where you can risk to buy the silv, but i dont know if there will be any whitelist or something similar

[cunning perch]

I explained in my message above

[paper prawn]

yes Thank you Ser!!

1 more question please

i have read that if you stake ilv and then get sILV then we can cure shards and then sell them on the market

do you think 3 ILV is enough to farm for shards? i know there are people investing much more but i need to ask it, Thank you !

[cunning perch]

you can do that with ETH as well. ILV is not used in the game if that's what you're asking. ILV is just the governance token. You can do everything with ETH without being exposed to the tokenomics

[stable basalt]

1

[brisk surge]

Hi guys! Any option to stake and not pay so much gas fee?

[old mauve]

Wait for v2 which should be out in a few weeks

[delicate plaza]

Is there anyway to see what your SLP tokens are worth currently in ILV/ETH ratio? like say i know i have 1.5 SLP tokens - how would i calculate if i were too withdraw today what that would turn into ILV/ETH wise if reversed back? (not planning to - just hypothetical)

[wheat kestrel]

https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda or zapper.fi (in pinned posts)

[delicate plaza]

legend

[potent sable]

So once upgraded to V2 even tho it isn't migrated. Is the claiming the cheaper fees??

[cunning perch]

#🥩〕staking message

Speculation, but should def save some gas esp for SLP stakers

[potent sable]

I see. Yeah this is kind of how I visualised it. Awesome thanks heaps Arash

[cunning perch]

Anytime 🙂

[waxen monolith]

Gm gang, I did a podcast with @opal elm - I think it is a great way to learn about

• What the concept of Illuvium is
• Why they built on Immutable and not Sol or BTC
• Decentralisation of GameFi
• $ILV's Token Economics and staking rewards
• Illuvium’s growth plans and projections
• and more

Check it out here: https://twitter.com/WeTalkFinance1/status/1467852188051513345

It's a great primer for the community. Hope it helps - especially on the staking side of things.

[potent sable]

Everyone's getting interviews with Kieran :P I want an interview

[waxen monolith]

Haha yes - its a great way to market Illuviam - but he's super generous with his time and knowledge. Every podcast is different so I presume you'll learn a bit more from each...!

[heady reef]

hello

[rapid sentinel]

Probably wait until V2. That’s what I’m doing, got 2.5 ilv to stake but since it’s not that much, gotta wait for V2 so gas fees don’t eat to much of the investment

[half ridge]

Can I stake in V2 if I haven’t staked in V1, also what would be the minimum ILV would should stake to make it worth it ?

[cyan rampart]

You can absolutely stake in V2 without a V1 stake, and you get to avoid having to upgrade/migrate if you can wait until V2 is live. There are calculators you can check out in the pinned messages for the second part of your question - There's no true minimum to stake, but it's up to you to figure out what will be profitable for you after factoring in gas etc.

[keen ridge]

@waxen monolith gonna give the podcast a listen now, just for a heads up on the spotify title and description illuvium is spelt as “illuviam” several times so might wanna change ahah

[gleaming brook]

How’s thing Mod? Have not been here much, just keep staking 😆

[brisk surge]

Some users send me DM talking about conect my metamask with celo network for a staking with a better gas fee, this is real or SCAM? I find it suspicious

[signal basin]

I just claimed. Love the low gas.

[atomic lagoon]

Scam. Please report with scammer ID in #🚨❗〕report-scammers

[junior nacelle]

Is the ability to only claim one pool reward going to be available to people who upgrade (not migrate) from v1 to v2? Thanks so much

[gleaming brook]

Fake!

[coral pike]

SCAM!! LINK @cunning perch @mint cave @cyan rampart @worn turtle

[ornate holly]

crazy! thanks frens

[cyan rampart]

Definitely a scam - Try to not post those links in case someone else accidentally clicks them.

[ornate holly]

understood, sorry about that and thanks for the quick help everyone

[cyan rampart]

All good, glad you asked. Do you mind reporting whoever sent you the DM in #🚨❗〕report-scammers so we can remove them from Discord?

[coral pike]

@cyan rampart did you see my ping in #❓❗〕community-help also there was a general mod ping command isn't there ? so you don't have mto tag individuals?

[cyan rampart]

Yes - those people get automatically banned for using the "Illuvimod" tag but it sometimes takes a while for the member list to update.

Like, this guy shows up in search, but isn't here anymore.

[coral pike]

Thats the guy i was talking about. What about the general mod ping ?

[cyan rampart]

"Community Moderators"

[coral pike]

@ com mod?

[cyan rampart]

Yup

Worth noting that only lead mods can ban

[coral pike]

Ok cool that saves me form having to @ everyone i see onlinelol

[cyan rampart]

So pinging community mods is kinda meh unless it's just a link that needs deleted

[coral pike]

ahh ok council can ban to ?

[cyan rampart]

I dunno, but stormi and jeff are both council AND lead mods. I wouldn't try pinging council for bans.

[coral pike]

ok cool you are amazing helpful as always thanks

[fiery iris]

When is V2 going live?

[fathom latch]

Hi can someone help me ?
I m trying to stack ILV/ETH.
I got ETH on my wallet metamask.
I valid the transaction on sushi swap for liquidity

But I don t know why i can t stack on ILV/ETH

[gloomy gazelle]

!lp

[woven ibex]

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

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

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

[gloomy gazelle]

Don’t trust anyone that DMs you.

!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.

[gloomy gazelle]

Maybe later this month.

[gloomy gazelle]

Are you sure you got the SLP tokens?

[fiery iris]

ok thanks

[fathom latch]

I m trying to got the slp tokens but i can't.

Do i need to have 50/50% ETH / ILV ? Or just ETH is enought

[ember ginkgo]

You also need to have ILV

[fathom latch]

Is there a minimum for stacking ?

[atomic lagoon]

for staking no. but just make sure you will get enough rewards to cover the gas fee.

[fathom latch]

Ok

[bright sail]

can i be directed to some guide on where to buy, stake and this v2 staking that I have seen floating around?

[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]

Don’t trust anyone that DMs you.

[bright sail]

let me have a watch and ill ask away in awhile time!

[gloomy gazelle]

V2 Staking Quick Guide:
Upgrade:
If you have a locked stake in V1, you will have to upgrade that stake to V2. This will allow the V2 contracts to read your V1 stake and continue generating rewards. If you do not upgrade, you don't continue generating rewards. Each pool (SLP + ILV) requires an upgrade transaction if you have a stake active in it.

Migration:
Migration is optional. Only unlocked tokens/stakes can be migrated to V2. Migrating to V2 lets you take full advantage of the reduced gas fees that are a part of the V2 staking contracts. Migrating to V2 has additional benefits, such as the ability to change the wallet a locked stake belongs to.

Check pins for more info on v2. There’s not a date for it yet though

[bright sail]

if i stake now, is it under V1 or V2

[gloomy gazelle]

V1.

A founder gave the tip that if you aren’t going to earn more than $300 in rewards in the next few weeks if you stake now then you probably shouldn’t stake before v2 launches.

[bright sail]

are the rewards given daily or? or is there a calculator I can use to check?

[gloomy gazelle]

Rewards are earned every block. Like 15 seconds. They just need to be claimed/vested manually

!claim

[woven ibex]

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

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

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

[gloomy gazelle]

#🥩〕staking message there are calculators like this that are pinned.

[bright sail]

kinda lost on the spreadsheet

when is V2 coming along?

[gloomy gazelle]

Probably later this month.

[gloomy gazelle]

https://youtu.be/64rf_ja61Xg you may find this video helpful

They use similar tools.

[bright sail]

why slp able to offer such a high apy? is it done to attract injection to their ilv/eth liquidity pools?

[gloomy gazelle]

It does that yes.

!read it’s all in the tokenomics

[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

[bright sail]

the rewards for participating in the ilv/eth LP is sushi LP?

[gloomy gazelle]

The rewards are ILV

3million ILV tokens to stakers over 3 years.

[bright sail]

isnt the rewards sushi LP, which is then placed back to staked sushi LP for ILV or sILV?

[gloomy gazelle]

I’m not sure what you mean.

!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]

You take eth/ILV and get SLP tokens. Stake those tokens. Get rewards as ILV.

[bright sail]

In order to somewhat mitigate the risk of Impermanent Loss, you also earn a percentage of the exchange fees from the Sushi pool. (is this earned in ILV?)

[gloomy gazelle]

Ah the swap fees are automatically included in the SLP tokens.

[bright sail]

are this additionally earned on top of the APY for staking Sushi LP? and if yes, is it reflected in the staking or sent to metamask wallet as sushi LP?

[gloomy gazelle]

No

It’s simply included in the SLP token value.

https://help.sushidocs.com/faqs/faqs

The SLP tokens get the trade rewards. But no other rewards form sushi like $sushi or $xsushi since we are staking on a different protocol

[bright sail]

rewards from staking will be compounded and if I will to withdraw them, I have to vest them?

[gloomy gazelle]

!claim

[woven ibex]

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

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

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

[gloomy gazelle]

Manually compounded. But not back into the SLP pool. Only into the ILV pool. Since you get ILV as rewards.

https://youtu.be/7T2WzeXWC4k

[bright sail]

they go back into the red circle automatically when I vest and the period is always 12 months?

[gloomy gazelle]

Correct

That pool is mostly filled with vesting reward tokens

[bright sail]

so if I locked into 12 months for SLP to get ILV, when V2 is launched, I have to upgrade it (by paying gas fees) but will this forfeit the aforementioned APY?

[gloomy gazelle]

ALL apy is variable not Locked in

It depends on how much is staked in the pool and your percentage of that. And how many ILV tokens are being distributed to the pool. As the little chart I shared earlier shows… the number of tokens being distributed reduces by 3% every two weeks.

[gloomy gazelle]

When v1 upgrades to v2 there will be no loss of rewards or future rewards. You are still staked and earning.

[bright sail]

is there like an upgrade button to press?

[gloomy gazelle]

V1 to v2 will be fully explained once it is fully ready.

[bright sail]

alright, thank you for your patience 🙂

[cunning perch]

Yea thats the plan

[green hemlock]

guys, i have some question regarding the staking for the version 2.

i have staked in the slp pool one time, then the rewards earned by the SLP pool earned some rewards so i claimed it and stake it. so currently, i have SLP pool and ILV pool staked. As of now, I have some rewards to claim, can i transfer those rewards to version 2 and stake it in version 2? Regards,

[cunning perch]

Upgrading is pool based, not reward-based and has nothing to do with rewards and migration is stake based and again doesn’t have anything to do with rewards. Logically, after updating, your rewards should already move to V2 (just like the SEED/TEAM tokens)

[keen ridge]

When you wanna add more slp, do I manually need to claim rewards first

[green hemlock]

i see. but how about ILV REWARDS earned from my SLP pool that were staked in ILV pool ? I have to upgrade and migrate to version 2 if I want right? Or does it automatically move to v2? Regards again.

[cunning perch]

After V2, you should be forced.

[keen ridge]

great

[strong forge]

Do I wait for v2 or should I start claiming right now

[cunning perch]

As I said, upgrading/mogration are not Reward-based. So it doesn't matter how many times or from which pool you've claimed. They deal with either your stakes (deposits) ==> (migration) or the pools you have deposited in ==> upgrade

[strong forge]

Sorry do I wait for v2 or start staking in slp right now

[cunning perch]

Claiming rewards is your choice. But in case you have staked SLP, claiming SLP rewards will force you to claim both pools (2gas) while upgrading to V2 won'force you, but you will have to pay (1 gas) to upgrade and (1 gas) to claim either pools individually (whichever you want)

[cunning perch]

Totally your decision. If it's small, maybe wait for V2

[strong forge]

It’s like 10k

[cunning perch]

You could stake now and upgrade to V2 is you want and if you have set some ETH to pay for the upgrading. I would stake $10k now while gas is cheap and then upgrade to V2 AND then I will start claiming rewards ( I'm saying this ONLY IF this is your first time staking and NOT if you have already staked in SLP)

[strong forge]

Also what really is v2. Is it like version 2?

[cunning perch]

There are 5-6 docs recently pinned in the channel. I suggest you red them 🙂

[strong forge]

And thank u for this info . Very helpful

Is the rewards still at like 450

[cunning perch]

Apy won't change by upgrading. It will run its course and reward distribution will drop 3% every two weeks

[green hemlock]

thank you sir for the reply. appreciated.

[quiet hatch]

Hey is it worth holding off on my reward claims until V2 is released?
E.g. can I roll the upgrade and reward claim into a single transaction (or upgrade first, then claim after)?

[cunning perch]

Claiming rewards is optional. Doesn't matter if you claim or don't. Upgrading won't force you to claim. You just have to consider: is it cheaper to claim after the upgrade or before. Esp if you are claiming SLP rewards

[quiet hatch]

Yeah I have SLP, so I just wanted to check my logic of

• Wait for V2
• Upgrade
• THEN do my SLP reward claim as usual (but now I'm doing it using V2 [I'll still wait for decent gwei at the weekend])

I just noticed that we hit 40 gwei the last couple of days, so my claim finger starting to get itchy 😂

[cunning perch]

yeah I understand. If you claim now, you will be forced to claim both pools. If you claim after you upgrade, you can decide which pool is better to claim 🙂

[quiet hatch]

Oh so it doesn't automatically claim from both pools?

I can just choose to claim from SLP or ILV (so only a single transaction)?

Sorry I'm sure you've already answered this a gazillion times 😅

[cunning perch]

yeah. That's why we say V2 is going to be a big help esp to SLP stakers. You upgrade, then you decide which pool to claim.

gazillion is an understatement lol

[quiet hatch]

Ahh I see! I thought it was "claiming both pools at once with a single approval transaction".

Right okay, so after the upgrade, I can just choose which pool to claim from got it!

[cunning perch]

No worries. Even if you could claim both in one Tx would be great. It's the 2 TX right now that is hurtful tbh 😄

[quiet hatch]

Yeah I thought V2 was going to claim both pools in one TX which would be awesome!

But also just being able to claim from SLP only also awesome lol!

So I don't have to pay like $80 to claim 0.01 ILV from the ILV core pool 😆

[quiet hatch]

Cool then I know what I'll be doing now thank you :)! Waiting for V2, Upgrade, then claim my SLP rewards then ^^

[cunning perch]

No worries. Hope it goes as smooth as possible 🙂

[quiet hatch]

https://tenor.com/view/the-simpsons-homer-simpson-good-bye-bye-no-gif-5173989

[dry summit]

morning is there a google doc for charting staking? kinda like this one?

https://docs.google.com/spreadsheets/d/1-nfUupRROpJ9LiBoX5y6ovtjC17CsQUiQ_-qxFcEy-8/edit#gid=1032613482

[potent oasis]

trying to claim rewards, getting this error message every time

[cunning perch]

maybe using low gas or you need to update your wallet/browser and empty cache. If it didn't work, use another browser and make sure you update your Cold Wallet if you use one

[potent oasis]

have tried different browsers and have cleared cache etc, still the same issue

[cunning perch]

try more gas then. It say's "tx underpriced" maybe you need more gas

[rapid sentinel]

Hey, gas fees can only be paid in Ether? If I’m planning to stake in ilv pool or SLP, will need Ether anyways?

[atomic lagoon]

Yes. Gas Fee in ETH only. You need ETH for SLP pool, yes.

[rapid sentinel]

I’m planning to stake a few ILV in ilv pool when v2 is out. Will I need some Eth?

[atomic lagoon]

for ILV pool, you will only need ETH for gas fee. you don't need ETH for the Pool itself.

[rapid sentinel]

Nice, thanks

[ruby drift]

I'm having a hard time finding the answer to my question. Sorry for probably asking the same thing for the millionth time.

I have SLP staking locked for 1 year. I added to the pool once already, before I ever claimed rewards for the 1st time. It made me claim SLP pool rewards (I claim ILV only) in order to add to the SLP pool. I want to add more SLP to the same pool. Do I need to wait for the ILV pool's rewards to get to .01 before I can add/ claim the SLP pool? This is what I was told by my friend, trying to confirm before spending gas to do nothing.

[atomic lagoon]

If you are not adding significant amount, my suggestion is to wait for v2 which will come in about 2 weeks. V2 will not force you to claim for restaking after you upgrade to v2.

[bright sail]

how much of SLP needed to make staking worthwhile?

[atomic lagoon]

Then wait for a good gwei and go for it. Don’t wait for 0.1 reward. NFA

[ruby drift]

OK thank you

[wanton nova]

Hey guys, I've been veeeery busy the past few months and only followed here sporadically. This might have been beaten to death so sry if this was answered a thousand times already... But regarding Staking V2 and the upgrading vs migrating thing. Do I get this right?! I'm staked in both core pools with a 1 year timelock. When V2 goes live I have a 2 week time frame in which I have to upgrade both pools so they create rewards in V2. However, since my tokens are locked I can NOT migrate them and I still have to do 2 transaction witha lot of gas when I want to claim my SLP rewards. Is this correct?

[wanton nova]

Thanks. Bummer

[subtle moon]

Hey I just got here, given that ^^ would it be a good idea to just wait to stake until V2?

[clear cape]

Yes unless u got a big stack (and im not talking about roids)

[versed coral]

Anyone else facing some performance issues when trying to load the dashboard or rewards in staking UI? After connecting my wallet it keeps loading (the loading circle)

[cunning perch]

try updating you browser, maybe it helps

[gloomy gazelle]

If you are going to make another deposit into SLP pool just start making the deposit. It will force you to claim as part of that process. Don’t claim and then start making a deposit.

[ruby drift]

@gloomy gazelle it will add it to the same SLP pool correct?

[gloomy gazelle]

Yeah. Just as a different deposit. Remember you’ll end up needing to migrate each deposit separately when they finally unlock

[ruby drift]

OK. Thank you for the clarification.

[gloomy gazelle]

Gut reaction is Probably like $15,000 to be worth doing before v2. After v2… maybe closer to $2000. Getting SLP tokens today might a good idea. Gas is pretty low. Under 60

[celest flax]

Hello! I have a question. Say the APY for staking over a 2 year period says 65% at this moment, but by the time the 2 years are over, the APY has been reduced to 20%, then how much will I actually receive? Will it be the average between the two?

[keen summit]

Has anyone projected what the APY for the Sushi LP pool will be as more people buy in? I know it goes down 3% every two weeks, but isn't it true there is only so much to be paid out and if a lot of people buy in, the APY could drop a lot?

[gloomy gazelle]

The rewards are accrued a little bit every single block (about 15 seconds) so it’s not so much an average as the actual amount distributed based on the amount of tokens being distributed to the entire pool and the percentage of the pool you hold.

[gloomy gazelle]

However… as more people buy in (and pump ILV price) the value of the ILV rewards goes up and the SLP token experiences divergent loss (IL) therefore the APY calculation appears to be higher. It’s a unique balancing dance

The APY as listed actually projects and calculates including the 3% decreases for the coming year.

[quiet swift]

hello, i have a question. if i want to stake ILV tokens, to get them, can i buy them on binance and then send them to my metamask walle and then stake or is there a better option out there?

[atomic lagoon]

the one you mentioned from binance to MM to stake is the cheapest option that I did.

[brisk surge]

Hi, can we have the global average vesting left?

[quiet swift]

and apparently i can even instal celo after i have my ilv on my MM wallet to have even less gas fee is that right?

[brazen helm]

Hi guys , like to clarify. Does in game rev distribution available to only the ILV pool or does it also flow into the sushi lp pool ?

[warped anvil]

It distributes to your ILV portion of the SLP

So basically whatever you have in the ILV pool and however much you contributed to the SLP

[brazen helm]

Thanks. Does it require me to claim the rewards in sushi lol or can I leave it running

[warped anvil]

You can leave it running, but claiming more ILV over time will get you more Revdis since you're adding your own ILV pool by claiming

[brazen helm]

Lovely. I guess it’s ok for me to stake sushi lol now and only do the claiming when v2 kicks in

[warped anvil]

I hope V2 comes soon. It's expensive to claim these days, although gas is low now

[brazen helm]

Thank you for the assistance, wasn’t clear which pool to stake earlier and claiming. Cheers

[warped anvil]

No problem. Enjoy those rewards. Totally worth it

[neon heath]

HI guys, I'm staking all of my ILV flexible right now

I was thinking about staking 50% flexible and 50% fix
Is that even possible?

[cunning perch]

pinned messages...please read it. simple answer: after V2 (2-3 weeks) Flexible pool will not receive any yield and RevDis

also watch out for scam DMs

[neon heath]

I don't really understand your answer?

[queen grove]

Wait for 2-3 weeks to invest in the flexible pool. In 2-3 weeks we all go over to lower gas contract and stuff staked right now will get left behind. You'll have to move it twice

Honestly unless you're talking bank, I'd wait on the other one too because you get lower gass.

[keen summit]

I read an analogy of a pitcher of water and glasses being filling for SLP. The more people that buy in represent more glasses, therefore everyone getting a little less water. Is there only so much to be paid out and if a lot of people join, will we all make less?

[neon heath]

ok thanks Kalvin for your explanation, I'll see it appear on discord i Guess?

[neon heath]

All my coins are on flexible right now, but as you earn twice as much locked, I wanted to lock them

[queen grove]

yeah, I guess so. I'm a little annoyed at how long it's taken and how garbly the initial info about it was. But of course as long as it's done right, shrug.

Yeah, for that I think you just claim 50% out of the flexible pool and go to restake them and lock them at that point. If you lock them right now you'll still get the 2.0 weight an option to move migrate them to V2 when they unlock. So no downside there except claiming and restaking on L1 gas. Which will be 400 dollars. Better to wait the 2-3 weeks unless you lose 400 with the amount of ILV you're going to stake.

Still gas in 2-3 weeks but hopefully lower enough to make this conversation profitable to you.

[celest flax]

Thanks!!

[neat spear]

Took some figuring out, but I got 0.556 Sushi LP locked for 1 year and in 4 days its earned 0.1 ILV?!
That like $180 in 4 days.
This is the best investment I've ever made lol cant wait to send more ILV to the SLP.
Just posting this incase anyone with small amount of ILV is wondering what staking looks like. Imo its worth it

[queen grove]

$130 at the moment. But yeah. It was 180 a few days ago. Grin.

Pretty freakin great actually. Welcome to the SLP pool party!

[warped anvil]

Agreed 100% I thought I was getting in at a small amount with .8 SLP. It has been very rewarding so far

[nocturne dagger]

What are the benefits to staking and is it too late??

[cunning perch]

!read this fully

[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

[safe schooner]

Hi ! Does someone know why the APY on the SLP pool as decreased more than 3%/2 weeks ?

[cunning perch]

Reward distribution drops 3% every 2 weeks. It's in the tokenomics. APY moves with price as well.

[safe schooner]

Ok the second part of your message learned me something, so if the price goes up, the APY goes up as well or is it the opposite ?

[keen summit]

I read an analogy of a pitcher of water and glasses being filling for SLP. The more people that buy in represent more glasses, therefore everyone getting a little less water. Is there only so much to be paid out and if a lot of people join, will we all make less?

[gentle pumice]

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

[keen crest]

When staking in the SLP pool eth/ ILV, the 400% APY, is that paid in ILV?

[cunning perch]

The APY moves up/down. The more ppl join/exit will also change it, but it has nothing to do with the rewards you receive. Read the article above

[cunning perch]

Was just searching for this. Thx for sharing it

[cunning perch]

What do you mean? Rewards are claimable in forms of ILV or sILV. Thought you knew this

[cunning perch]

The more ppl join pools, well ofc the fewer rewards everyone will get. Hence the example you mentioned

[gloomy vector]

where is SLP token address?

[cunning perch]

Pinned in the channel.

[gloomy vector]

how do i see the pin??

[cunning perch]

Top right next to the 🔔 or on phone, swipe left and see the pin

[gloomy vector]

thanks found it!

[keen crest]

Just checking, I’m not staked, I’m seed, tokens are locked, I have a friend that’s about to drop $50k into the pool, just wanted to be sure.

Thanks 🙏🏼

[cunning perch]

Cool. Make sure to tell him to read about V2 too. It's coming in 2-3 weeks

[keen crest]

Prob worth waiting for this hey, rather than jumping in now.

Might be best seeing as it’s only a couple of weeks.

[cunning perch]

Hmm....if I had $50k I would join now. It's enough to have good chunk of rewards through SLP 🙂

And then one upgrade to V2

[keen crest]

But he is going to have to migrate them over right? Can’t be locked for 12 months if he did it now to get from v1 to v2…?

This is someone that is not overly savy with crypto…

[cunning perch]

Migration is not a necessary. It's an additional option. If he upgrade, he doesn't need to migrate. If he stakes on V2, he doesn't need to do anything at all but to wait for V2

[keen crest]

I’ll have to do some reading, is it in pin post Arash?

[cunning perch]

Hmm, well if he doesn't want the little extra procedure then yeah. Let him stake directly on V2

[cunning perch]

The 5-6 recent pinned messages yeah

[analog oyster]

trying to find aarons pineed messaged about claiming from the slp pool

[cunning perch]

Aarons? 🤔

[analog oyster]

was advised by a youtube video from the channel illuvium academy, video on staking ILV

[cunning perch]

Idk that but if it's pinned messages you are after, you can see them in this channel

[gloomy gazelle]

That’s correct. Here is a simple chart of the amounts being distributed. There is a pinned spreadsheet that has very specific numbers in it.

https://docs.google.com/spreadsheets/d/1z2co3pS7Yq9Hc86t705tU__d-vGuRp6iTTvHta9gOXE/edit#gid=1097421284

[gloomy gazelle]

!claim Actually yeah it’s the oldest pinned message in this channel. #🥩〕staking message

This bot message may be helpful as well.

[woven ibex]

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

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

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

[gloomy gazelle]

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

[crisp spire]

Any news about V2?

[hidden lark]

Hey guys, I only have 1.6 ILV looking to stake. would u suggest to add more to the bag or just stake it? 110usd to stake rn which puts me off..

[cunning perch]

Nothing new. Old stuff

[cunning perch]

Wait till V2 is out (2-3 weeks later)

[hidden lark]

Ok so I dont miss anything not by staking on V1? (such as airdrop or any other bonus)

[cunning perch]

A little rewards maybe. But if you stake and pay gas now, you'll pay gas again to upgrade to V2.

[hidden lark]

Aah ok I see. Thank you

[magic eagle]

guys how should i start staking ?

[hidden lark]

u had me on rewards lol.. already staked

[cunning perch]

!staking

[woven ibex]

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

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

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

[cunning perch]

Watch out for scam DMs

[magic eagle]

what do u suggest sushi staking or ilv ?

[cunning perch]

Don't forget to upgrade when V2 goes live

[cunning perch]

!lp read this. You are the only person that can decide what to do

[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

[magic eagle]

what are the differences ?

when sendin İLV from binance to metamask which mainnet should i choose ?

[gloomy gazelle]

Ethereum mainnet. It’s an erc20 token.

[magic eagle]

!help

[blissful spindle]

Due to an upcoming Discord change, Captcha.bot will be moving to Slash Commands. Please run /help to use this command. Starting <t:1643846436:R>, Captcha.bot will stop responding to commands with the prefix !.

Nobody can see slash commands? Re-invite the bot and verify @everyone has the Use Application Commands permission.

[woven ibex]

MEE6 Plugins Commands

**Commands**

/help commands

**Levels**

/help levels

**Moderator**

/help moderator

**Search**

/help search

[knotty river]

Gas Tracker

Command Prefix

! or %

List of supported commands:

 2. gas           Get ETH gas prices
 3. help          Get list of commands```

For any inquiries, suggestions, or bug reports, get in touch with @Nerte#1804

[delicate plaza]

This is a great spread sheet - when calculating your overall rewards does it include you ILV rewards as if they were straight away restaked in the calculations?

[brisk surge]

When will be v2 for core staking and how it will look to going from v1 to v2?

[cunning perch]

[delicate plaza]

I imagine you might be able to set this as an auto reply for most questions haha

[void furnace]

Can anyone give me a rough idea what it costs to swap Eth for ILV on the Sushi through ILV dashboard? gas is about 100 right now. Just trying to see if it's better to move Eth there and swap or buy my ILV on Crypto.com and pay the flat .04 ILV transfer fee....

[cunning perch]

Only if that were possible lol everything (literally everything) regarding V2 is pinned in the channel. (I, vetemor, derail, blickter, pelican have added to it)

[cunning perch]

You can connect your wallet to Sushi and click swap (but not confirm) and you'll see in your wallet how much it will cost you to the $

[void furnace]

I don't have the Eth in there so it just tells me insufficient funds for now

[magic eagle]

should i stake before the v2 comes out anyway ?

[cunning perch]

You should still be able to do it. When there isn”insufficient funds” it won't let you confirm.

[cunning perch]

It's your choice. You stake now, you gotta upgrade when V2 is out. You stake then, no need to upgrade

[tacit cedar]

Any ETA on V2 being out?

[cunning perch]

2-3 weeks, maybe more

[tacit cedar]

Amazing, thank you ❤️

Will they make a detailed explanation for people like me with single digit IQ?

[void furnace]

It does not make the button live

[cunning perch]

We have added a lot. 🙂 we even did vids and pinned it in the channel

[tacit cedar]

I'll take a look. I spend way too much time in the IZ channel and not enough time here these days..

[cunning perch]

Ah. Not possible then. With Gwei at 100, seapy should be around $30-50 cuz it is not a complex contract. More/less

[cunning perch]

You I always dee you there. You should have a PhD regarding land and IZ rn lol

[void furnace]

so $30-50, plus gas? whats the gas run? Or is that the total cost estimate?

[cunning perch]

No $30-50 gas. What else did you think I was talking about?

[tacit cedar]

Haha, if that's the case, you have a PhD my friend - you're there as much as me

[cunning perch]

Nah I'm not smart enough to have a PhD 😄

[void furnace]

slippage. thought thats what you meant by "seapy"

[tacit cedar]

Smart enough to have invested in ILV early!

[cunning perch]

Ah mistyped. My bad. My phone can't keep up sometimes. No, slippage at min should do. Swapping is usually cheap cuz it's not complex. Staking on the other hand is different

[cunning perch]

Well. We all did. So we’re all smart then 😄

[magic eagle]

what is the minimun ILVthat i need to hold to for staking

[tacit cedar]

Enough to make the gas worthwhile

[magic eagle]

is 0.100 enough ?

[tacit cedar]

That's getting awfully close to financial advice

[lusty mason]

that might be the amount of gas needed IMO

[cunning perch]

What Lashmar said. Also staking right now will cost you more than $100 so....do the Math. Better yet, check with the calculators pinned in the channel

[magic eagle]

i dont even know what staking means i just want to be an earlybird in this game

[cunning perch]

!read this please and you will learn

[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

[verbal heron]

staking is how you get lambos
Staking is locking away your tokens so they cant be sold in exchange for interest rewards

[gloomy gazelle]

Oh. You need the playlist. Watch as much of this as you want. Or just straight to the 5th one about staking. https://youtube.com/playlist?list=PLuTQau_zXjlEV2niELD1mn0lfYlXOkoCr

[cinder dragon]

!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.

[gloomy gazelle]

Yeah. Revdis

!goals

[woven ibex]

Illuvium is not meant to be just a single game but a gaming ecosystem that this DAO wants to develop to such a level that it can compete with gaming juggernauts like Blizzard, EA or Riot.

In 2020 Activision Blizzard's annual revenue was 8 Billion USD. At the time of writing this, their Market Cap is 64 Billion USD with a small dividend yield of 0.50 percent.

Illuvium offers 100% revenue distribution to ILV token holders according to their stake and with a max supply of 10 Million ILV to ever get minted, the revenue per staked ILV will increase with every additional game released.

[static moth]

hey guys! what would you say it's the minimum amount of ilv you should have before considering staking?

[neat spear]

Ahhh I'm Canadian so I watch ILV in Canadian dollars. It's way more exciting that way! 😂 we hit $2400 last week lol

[gloomy gazelle]

1 ILV ($1000+) would probably be enough to stake when v2 staking opens. As long as you stake for the 12 month lockup. And don’t do too many transactions.

But staking between now and v2 would need to be way higher than that.

Since multiple transactions would be added to your fee experience.

[pale trellis]

Staked another 4.7 SLP this morning.

[static moth]

thank you @gloomy gazelle , super helpful as always! any ETA on the v2?

[gloomy gazelle]

Hopefully before January.

The IIP needs voted still. But the contract is already being audited by quantstamp

[static moth]

unfortunately do not have a lot of money on ILV but feel like i'm missing out on the staking

[gloomy gazelle]

It’s ok. Don’t fomo into staking.

Accumulate ILV until it’s worth staking.

Eth fees are significant

Oh v2 document is pinned in here

[pale trellis]

How many SLP are we talking?

[static moth]

I only have ILV not sILV not sure if that's what you're asking

[pale trellis]

You get a higher APY staking SLP which is an equal value combo of ILV and ETH. If you can stake around 2 SLP I believe you will be happy with rewards. Upgrading will be a gas fee maybe around $50-$200

I staked now because I want the rewards to start now and also I want to enter before many others do.

[static moth]

i have atm 0.5 ILV how does that SLP work?

[pale trellis]

In order to get SLP you need an equal share of ILV and ETH and you need to add it to a pool on Sushiswap.

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

When you do so you will get back SLP which you can stake on the Illuvium website.

All this will cost a few hundred in gas.

If you have $1000 worth of ILV only this shouldn’t be an option because you will lose a high % of your capital due to gas unfortunately.

Look at saving more funds for now.

[burnt copper]

I agree with MoonShot.. I'd personally say you should not stake in SLP pool with less than $5-10k total value. Gas fees will cost around $300 minimum to do the staking. You should also wait for v2 staking which happens in around two weeks before doing any staking.

[fresh gale]

ditto

[pale trellis]

Hey off subject do you need to confirm your ENS name when using it as your Discord name?

[fresh gale]

no. didn’t even cross my mind.

[pale trellis]

Just wondering if ENS names are reserved for only owners.

I'm now assuming my ens identity

Yeah I thought Discord and Twitter has some implementation so that if you use an .eth you need to prove you are the owner. That way no one can use your identity.

[fierce chasm]

Hey guys, do we have a potential time window when migrating period starts where we don't earn rewards? I am planing to increase my SLP distribution. But I think this is not worth it, if it starts in let's say the next 7 days. Then I think I will wait before I do this.
Thanks in advance for your reply!

[gloomy gazelle]

https://media.discordapp.net/attachments/859866659011690537/916361302430064680/unknown.png

[gloomy gazelle]

Basically we don’t know. But it will probably be in December sometime.

[pale trellis]

If that stake may earn 0.3 ILV+ per week I'd stake now.

[gloomy gazelle]

Nope. But there will be 2 weeks of no reward production in which to upgrade to the v2 protocol before distributions start again.

[fierce chasm]

thanks one more time 🙂

[gloomy gazelle]

Some good v2 info is pinned in here.

[fierce chasm]

yeah, planning to add up about 20k. This would make about 0.5 per day if I calculated correct by reflecting my actual earnings. THanks for the advise

[fierce chasm]

I will check it

[pale trellis]

Nice one.

[gloomy gazelle]

I was about to say folks can identify your wallet with such specific numbers. But then realized you’re using ens anyways so why should you care. 😂

[fierce chasm]

Would be interesting to know if the "compensation reward" - whatever it will be - for that 2weeks downtime is scaled with the amount that is staked

[fierce chasm]

yep 😄

[gloomy gazelle]

My guess is the amount of ILV that was going to be distributed during those 2 weeks would end up getting distributed during first two weeks it’s live again. So 2x apy

[fierce chasm]

Just feel dumb that I only made a little "let's see what happens investment" as ILV was at 200$... But once more: lesson learned 😄

[opal furnace]

How much rev dis are we expecting per ILV now that they are increasing the prices of land

[gloomy gazelle]

So one bar is gonna be twice as long as normal.

Gonna be insane.

[fierce chasm]

is this final? in every interview I watch that I find on YT, I don't hear any clear decision^^

[fierce chasm]

this sounds very good 🙂 longer rewards for early supporters^^

[gloomy gazelle]

Not official. But council is very unlikely to approve the land IIP at current prices.

[opal furnace]

@fierce chasm don't think it's official but the way Kieran was talking in vetemors interview it sounds like a very high possiblity

[gloomy gazelle]

Except it’s just going to be what we WOULD have gotten but didn’t due to the pause.

[fierce chasm]

propably I should then invest directly into sILV to keep up for my chances lol 😄

[opal furnace]

I could be wrong but Kieran said the land sale could be 50/50. Eth and sILV

[gloomy gazelle]

https://tenor.com/view/nfa-illuvium-wink-ilv-discord-gif-23282501

[gloomy gazelle]

That’s just what would make it nice. It’s not going to be a requirement. That is confirmed.

[fierce chasm]

this is what they planned as a result, but last video he said that he thinks in general he has also no problem about higher sale percentage with sILV cause longterm it makes no difference for him

Playing the ILV game longterm will just result in WAGMI if the team delivers only half of what we are all expecting during this hype phase^^ (And I need to say, too: No financial advise xD)

[opal furnace]

If it is 50/50 eth and sILV we could be looking at $50 per ILV hopefully

Or maybe I'm been too wishful

[fierce chasm]

I stopped calculating possible outcomes. All that comes on top from the first landsale is just nice to have for me

[opal furnace]

Yeah I know this. It's fun to calculate and think about all the crazy possiblitys. Just really looking forward to the day where I can live of ILV and quit work

[fierce chasm]

Yeah, I am a min max calculating guy all in all cause my IRL profession forces me to be like that xD But very time consuming^^ Better investing time in getting some alpha mad make some quick profits here and there to then put it in long term projects^^

but still need to learn to play that alpha game lol - my outcome is not as good as expected^^

Have a good day, evening, night everyone. See you soon again 🙂

[cinder dragon]

How much is one SLP token?

[cyan rampart]

It varies, but you can use this to view the current SLP price. https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

About $5100 rn.

[full surge]

Was wondering what yall would think is a minimum amount of ILV to stake once the v2 is out. I havent got into any of the ILV staking since I am waiting for v2. I have a little more the 1 ILV and will continue to dca if the price drops to a good buy point.

been more dca some of the sILV for use in game but want to start putting attention to ILV as I am very bullish on the game

[cyan rampart]

I think spending any more than 10-15% of your total investment to stake would be inadvisable for the Core ILV Pool. Revdis could skew this, but with regards to YF, you'll be unlikely to see much return if you spend that much on gas to stake, considering claims also cost gas, as does unstaking.

NFA NFA 😉

The SLP pool has such high APY you could probably spend more than 15% on gas and still land in the green, but definitely play with the calcs and decide for yourself

[full surge]

Yeah good risk management strat and just makes sense from a numbers perspective. Just gotta let my other positons pump then I can convert those gains to some ILV. And I worry way to much about impermenant loss when its comes to the SLP pool. I might throw some in it eventually but would rather go with the core pool first.

[lost light]

Hey guys, I’ve been hacked but have my ilv staking

[cyan rampart]

I think there will be a time when the IL in the SLP is more impactful, but the gains are... well they are very good. My IL since staking is about 8%, and I'm at a 25% return already, it's been less than a month.

[lost light]

If there any way I can transfer to another wallet or v2

[cyan rampart]

Once your stake unlocks, you'll migrate to V2, at which point you can change the wallet your stake belongs to.

You can't do anything about it until you migrate to V2, which is only doable once your stake unlocks.

And V2 isn't live yet.

[silent cedar]

At least the stake is locked so it's safe for now

[covert gazelle]

Hey guys, some friends are interested in buying and staking ILV. Should they wait until v2 to save on gas fees? I’m inclined to tell them to buy on sushiswap now and waiting for v2 before they stake. Would the staking APR be roughly the same on v2?

[cinder dragon]

yeah its the same apr

[supple flume]

I claimed my rewards about an hour ago when I the gas reached 40 for a few seconds… but transactions are still pending. Is it normal for it to take that long?

I didn’t pay the gas to speed it up. Just selected the default medium speed.

[cobalt dew]

Hello. Once v2 staking hits, can I unstake my v1 ILV, trade half for eth and then make ILV LP v2?

[atomic lagoon]

yes you can do that. There will be no flexible in v2 so you will need to lock for at least 1 month.

[cyan rampart]

IMO they should wait, unless they REALLY don't care about gas fees. V2 also has other good features worth waiting for.

[bright sail]

Should I just buy slp and stake rather than contribute to Ilv/Eth LP to get SLP

[cyan rampart]

That's pretty normal, if the estimated gas was very low and now is higher, your transaction can be pending almost indefinitely until gas drops low enough. Alternately, you can speed it up.

[cyan rampart]

Is someone directly selling Sushi Liquidity Pool tokens?

Those are only created by providing liquidity, it seems weird someone would sell them directly.

[bright sail]

I see. So SLP is different from SUSHI?

[cyan rampart]

Yeah way different

SLP with regards to Illuvium is Sushi Liquidity Pool tokens, which are ETH + ILV in equal value.

You can only stake those tokens in our SLP pool.

[bright sail]

Been asked a couple times but should I then wait for v2 before staking SLP and ILV?

[cyan rampart]

I would personally. V2 has better features and cheaper gas, and you'll have to upgrade to V2 if you stake in V1, plus possibly migrate. There's a lot of extra gas you can save by waiting. It's up to you though.

[bright sail]

But from now till v2 launches, there’s a 3% decay for yield right?

[cyan rampart]

There's no date for V2, it'll be out after audits pass etc. Should be soon, but could be a while if anything needs revision.

There's a 3% reduction in total rewards distributed every 2 weeks.

That reduction matters, but should only be relevant if you're staking a LOT when you compare it to gas fees.

[bright sail]

Thank you. How will we be notified when V2 is live?

[cyan rampart]

#📣〕announcements

We'll know about it at LEAST 2 weeks before it's live

[kindred marlin]

is it worth staking ILV and is the sushi/ILV pool worth considering?

[brisk surge]

I would say if you are long term on ILV then going with the ILV/ETH is well worth it really depends your timeframe with this.

[ruby drift]

I'm having an issue with adding to my SLP stake. When I go to collect the rewards, choose ILV for type of reward, after I click STAKE, I get sent to Trust wallet, then I get an error saying "error: invalid session".

I've cleared the cache for trust wallet and firefox. I've added to SLP staking previously.

Any ideas on how to fix my issue?

[delicate plaza]

For those who are looking to withdraw and restake for higher yield/weight on V2 - does anyone know yet if it will be cheaper to withdraw (& claim rewards) on V1 OR upgrade to V2 then withdraw (&claim rewards). Basically will the cheaper gas once upgraded on claiming and withdrawing outweight the extra cost of upgrading? Thanks

[loud furnace]

Hello All

I am new to staking. I have a claim question. I am claiming ILV and Sushi LP.

When I click on Claim ILV on the sushi LP side, it tells me I have to claim both the sushi rewards and the ILV rewards. Can I just claim my sushi rewards?

I don't want to cliam my ILV rewards because they are less than the gas fees and therefore doesnt make sense to claim right now.

[atomic lagoon]

you will be able to do it in v2 which will come out in about 2 weeks . you will need to upgrade your pools to v2 when it comes out.

[pale trellis]

Right now when claiming you are forced to claim both. Part of the reason why people are looking forward to the V2 upgrade. Claiming both is double the gas.

[loud furnace]

That was going to be my next question? Does V2 allow me to do just sushi without having to do both?

Thanks guys!!

[pale trellis]

Pretty sure that will be the case. Or you will hit one claim button and it will claim from both pools in one transaction.

[loud furnace]

But it only makes me claim both when I click on the sushi LP claim ILV button. When I click to claim just from ILV pool, it lets me just claim it. The problem is that I only have 0.2 ILV to claim so not worth it yet. Why is that?

[brisk surge]

it is just the way it is set up, if you are claiming from the SLP pool you have to claim both pools

[loud furnace]

gotcha thanks

[bright salmon]

V2 purpose is only to reduce gas fees ?
If i'm stacking ILV in V1 for 1 year what will be the "Special reward" ?

[glossy lagoon]

Hi all- new and had a question. I was thinking of staking on the main site but see most are doing LP at Sushiswap. Is the idea to migrate to main site when it opens or just going for the better APY? Or am I just missing something?

[loud furnace]

If you stake for a year, you get 2x multiplier. What does that mean?

[atomic lagoon]

If the APY is 400% you get full if you locked for 1 year. If not you will get only half. Roughly

[violet token]

New to LPs - are they being held on sushiswap and anyone using sushiswap to exchange ILV for ETH would be using the pools from the illuvium.io site?

[storm wolf]

Anyone know what bonus we get for upgrading to v2?

[brisk surge]

better gas fees

[cunning perch]

Improved fees, better TX options, RevDis, 1 withdrawal, no forced claims upon claiming/withdrawing/staking, wallet change with migrating

[cunning perch]

My PM above 👆 and no one knows about the form of the bonus

[cunning perch]

Read below 👇

[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

[storm wolf]

how can we change our wallet? is it thru upgrading or migrating?

[cunning perch]

They need to be unlocked, so I assume it’s after migrating.

[storm wolf]

ok thanks. so migrating purpose is mostly for changing walllet. you only need to upgrade. you do NOT need to migrate

[cunning perch]

You don't need to migrate. Read this #🥩〕staking message

[marble parcel]

You now how much in gas fees i need to pay (in order to make sushi liquidity pool staking) with this amount of fees?

Fast: 86 Standard: 84 Slow: 83
Simple ETH TX: $7.9 (0.0018 Ξ)
Token Approval (ERC20): $19.32 (0.0044 Ξ)
Token Transfer (ERC20): $18.0 (0.0041 Ξ)
Uniswap Trades: $45.22 - $75.51 (0.0103 Ξ - 0.0172 Ξ)

I will need to do 3 transactions right?

[brave marsh]

when v2 is launched, there is a halt for 2 weeks before we can stake again?

[cunning perch]

You can check in your wallet befor confirming the TX to see how much it will cost you. RN, if this is your first stake, you pay 1 gas for the ILV approval on Sushi, 1 gas to add liquidity, 1 gas for the SLP approval, 1 gas to stake

[cunning perch]

You can stake directly on V2 during the halt. There won't just be any yield

[brave marsh]

okay got it thanks.

[marble parcel]

Uniswap Trades: $45.22 - $75.51 (0.0103 Ξ - 0.0172 Ξ)

[cunning perch]

Different contracts have different fees due to complexity

[marble parcel]

how much it is on total average? I think my capital is not enought to cover the fees...

[cunning perch]

No way to say. Gas varies by the second, and as I said, different TX have different fees. Approval is the cheapest, staking is the most expensive

[true vector]

so do you get revdis while staking in SLP pool? atleast from the 50% ilv, and will be shown in the dashboard?

[valid zealot]

Question for y’all. I staked in the SLP. Was I also able to use those tokens on Sushi swap in the LP? Or once used on ILV they are locked there.

[cunning perch]

Yes. The ILV part receives RevDis

[cunning perch]

I did not understand your question tbh

[valid zealot]

Sorry, let me be clear. Can I both stake the SLP tokens on sushiswap and on ILV. Or if I stake on ILV I cannot then put the SLP tokens into the sushi LP

[cunning perch]

You can stake in whichever pool (ILV and/or SLP) how many ever times and for whatever duration at anytime.

[gloomy gazelle]

Tokens can’t be staked in two places at the same time.

No double dipping that way.

[cunning perch]

Unless I understood it wrongly (apparently lol)

[valid zealot]

That’s what I thought. Then on Algo today the YLDY (defi) platform is offering exactly that which seeems odd.

[gloomy gazelle]

Some might allow it. But it’s not working that way here.

It’d be some sort of shell game I’d think.

[gloomy gazelle]

Kwikiwi was interested in getting rewards as ILV and $sushi

It would be sweet to get it all. But it just makes sense that tokens can only be deposited in one place.

[cunning perch]

Ah. Was hard for me to decipher the meaning of his comment lol thx for clearing it up 🙂

[keen ridge]

If you have already locked in ILV for a year, Is there anything I can do with the ledger x to ensure my metamask is more secure?

[gloomy gazelle]

Is your ILV on the ledger already?

[keen ridge]

Nah, ilv locked on metamask account for a year and then got ledger after doing this? anything I can do?

[gloomy gazelle]

Yeah. It’s a little helpful. Import your wallet into the ledger.

Your keys were once online so there’s no guarantee it’s been in cold storage forever like on a new ledger address. But it’s better than leaving it in a hot wallet.

[keen ridge]

Ok thanks for the info. Ideally would i wait till they unlock and then migrate to ledger wallet?

[gloomy gazelle]

You could do both.

[valid zealot]

In terms of claiming rewards I am waiting until V2 comes out. Rather than doing a claim now and having a smaller amount to claim in a week or two - especially having to claim the ILV pool, that’s a nuiscance for me.

[gloomy gazelle]

Maybe Put it onto ledger now. And put it on a new address in a ledger later. Could even use the same ledger. I’m not sure how easy that would be. I assume you can’t hold two seeds in one device at the same time. But you’d just put it back on a hot metamask version of the seed. And then reset the wallet to a new seed. Tricky. But maybe worth it.

[keen ridge]

Ill def give this a shot cheers for the insight, would connecting ledger to existing metamask prevent any viruses or hackers gaining access from that point on?

[gloomy gazelle]

I’d hope so. Ledger live and their website walk you through the process of importing a seed and connecting to metamask

[kindred moth]

is it worth it to stake ca 5 ILV now or wait for V2 because of the gas fees? Is there any date yet?

[strong forge]

I’ve been trying to decide that for a long time

When does v2 staking start?

[kindred moth]

No exact date yet as far as I know, but it is supposed to be soon.
I just staked into the SLP Pool again, because I already had something in there. I need to upgrade it anyway

I also heard that before V2 there will be a 2 weeks pause for the reward gaining which we will be compensated for afterwards - does someone have info on that?

[strong forge]

So if I have 15 k would it be worth to put in?

[kindred moth]

I think there is a calculator pinned in this thread. Try putting your numbers in there. I am not quite sure if you will find the answer this way, but it is nice to play around with 😄

[livid sandal]

how can I stake ILV?

[fervent trail]

not worth it anymore brotha

[livid sandal]

thanks bro

[random pawn]

Gas fee to high!!!!!

[livid sandal]

what you guys think about AXS staking tho? @fervent trail

[visual bramble]

Hi guys
If I staked SLP to next year, should I do anything for V2 upgrade?
Thanks

[atomic lagoon]

If it is already stake, you will need to upgrade when v2 comes.

[visual bramble]

Yes, it's already stake.
Thank you.

[atomic lagoon]

Check out this vid for more detail

https://youtu.be/wgAZbKX8fuE

[brisk surge]

in the core pool, how much is monthly return considering the 35% APY

[atomic lagoon]

You can try the calculator in the pinned post.

[brisk surge]

which post?

[brisk surge]

I am scared because with the unlocking in order to migratepeople might sell a lot of tokens instead or restaking in the V2

[atomic lagoon]

The locked token will not be unlocked for migration unless the locking period ends.

[brisk surge]

so you can just restake on V2 during the pause period?

[atomic lagoon]

You upgrade.

[tardy swallow]

I heard that it will be possible to transfer LP and SLP stacking to another address, e.g. secured with a hardware wallet, can someone confirm it and provide a date

[cunning perch]

When they unlock and you migrate, you can change your wallet address.

[brisk surge]

in your opinion is it worth to stake now or better waiting for V2?

[tardy swallow]

I understand what you are writing, I know there is such an option, unfortunately I am blocked for a long time, and I would like to move during blocked - I heard that such an option should be available

[cunning perch]

Depends on the size of your stake and if you have staked before and if you wanna pay gas to upgrade/migrate later. If you don't wanna do any of that, wait for V2

[cunning perch]

Wallet change while stakes are locked is not possible. They need to be migrated and migration requires them to be unlocked.

[visual bramble]

Sorry to bother again, how to upgrade from V1 to V2?
Thanks

[cunning perch]

Guides will be published later.

[visual bramble]

Thanks

[unique void]

Already have some staked in slp pool. Want to add more. Will it mean I have to claim rewards twice? Or will the extra slp tokens I put in just accumulate ilv quicker and have an unlock date obviously later than the first stake?

[cunning perch]

If you add now, you will be forced to claim rewards and then add the stake. If you wait for V2, you will upgrade the pool once and then you can add the new SLP directly on V2 without having to claim rewards.

[unique void]

Thanks Arash. Thinking its worthwhile to add now, gas isnt too bad

[tacit pendant]

Hi all - I usually keep up with the latest news but being a mod in another server has definitely reduced my time to focus on ILV. I have all of my ILV staked and they don't unlock for 250 days. Really sorry for the question (assume it has been asked and answer a million times) but when does the migration happen? Gas fee to migrate applies too?

Just check pinned messages!! I want to upgrade to V2 and will wait for guides later. Will there be a 'everyone' announcement when it is live?

[cunning perch]

Hey. Yeah def there will be announcements. Well since you checked pinned messages they you should have a rough idea what you should do. I suggest watching Vetemor’s late vid too just to wrap everything up

[sharp inlet]

Hello, what do I need for 400% lp staking ? Ilv Eth Usdt ?

[prime apex]

Good to stake now or wait till v2 comes out first ?

[cunning perch]

Read below

[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

[sharp inlet]

Thanks

[tacit pendant]

All makes sense now. I will wait for announcement and upgrade then. Thanks for your help

[undone igloo]

Hi, where can you find your withdrawn Sushi LP tokens (ILV/Eth)? I cant see the tokens either in MetaMask or on Sushiswap. Any tips?

[cunning perch]

Anytime 🙂

[cunning perch]

On the staking website, it's in “vesting” section. On Sushi, you should click on “remove” button

[thorny grotto]

for me i prefer waiting v2 to avoid extra gas fees from v1 and v2 is couple of weeks away

[pale trellis]

I staked SLP for 12 months. After 12 months do I earn revdivs off those ILV staked within the SLP pool or only from the ILV rewards that I’ve been claiming?

[cunning perch]

ILV part of SLP receives RevDis after RevDis starts flowing in

[pale trellis]

Good to know.

[undone igloo]

Hmm.. is the picture from the Illuvium site or Sushiswap site?

I cant see it via staking.Illuvium.io so I guess it would be in Sushiswap. Do you have a link to the correct place in Sushi?

[cunning perch]

Sushi.

[undone igloo]

Could you please guide me to the correct tab at Sushiswap? I cant find the pop up-dialoge there. If you have a link that would be great

[cunning perch]

Pop-up dialog? You have Staked SLP in ILV website? (Watch out for DMs. All of it are scams)

[undone igloo]

Yes, on staking.Illuvium.io/vesting. I have not gone through any DM

I have still a majority of my deposits locked. But the ”withdrawn” sushi LP is not longer visable in the list on the vesting tab

[carmine drum]

You have to go to the app.sushi to remove it.

[hearty kernel]

Just a quick question. I staked about 5 days ago. But the counter is still stating 360 days

[carmine drum]

And the problem is???

[undone igloo]

Yes, but I cant find where on app.sushi 😅

Is it beneath the tab ”Pool”, ”Stake” or somewhere else? I cant find to the place @cunning perch is refering to with picture where the ”Add” and ”Remove” are shown

[cunning perch]

So you are locked. There shouldn’t be any withdraw button on the staking website if you are locked. I have difficulty understanding your situation. On sushi the add/remove button is just there. You just have to click on Liquidity not swap thats it

[carmine drum]

there you go.

Arash on phone so the tiny picture cant guide you.

[cunning perch]

Thx Tin for sharing it. Yeah I’m on street don’t have access to my laptop 😄

[undone igloo]

Today my lock period ended for on of my deposited positions on the Illuvium site (Vesting tab)

When the position got unlocked it was possible to ”Withdraw” the position. I did click on the withdraw button and I believe also i needed to confirm that action through MetaMask. When the withdrawn was done/finishen I was trying to locate my Sushi LPs. I could not see them in my MetaMask and they are not showing as Liquidity in the picture @carmine drum is refering to 😟

[carmine drum]

Did you add SLP contract on MM?

[undone igloo]

Yes, I have the SLP contract visibel in MM

[carmine drum]

Did you connect wallet to the app.sushi ?

[undone igloo]

Yes

[undone igloo]

I have the SLP contract visibel in MM, but no position is showen😕

[cunning perch]

Check the Vesting tab. Do you atill see your SLP there?

[carmine drum]

Did you check your address transaction on ethscan?

[undone igloo]

No, I no longer see the SLP position after the withdrawn was finished

It says”succes” on etherscan

[cunning perch]

So you don’t see the SLP in the vesting tab, you don’t see it in your wallet (and you have added SLP address in MM) correct?

[undone igloo]

Exactly

[cunning perch]

Do you have funds in your wallet? Asking to see whether your wallet has been compromised

[undone igloo]

Yes, I have funds there. Eth

Would it help if I paste the ethscan hash?

[cunning perch]

When you connect your wallet to Sushi (the section Tin showed you) does it say you have 0 SLP?

[undone igloo]

Yes, 0 SLP

[cunning perch]

Check your wallet activity. See if you see it entering/exiting your wallet.

[undone igloo]

Hmm.. it looks like the tokens were transfered. 2,709 SLP’s. Though I then tried to swap SLP to Eth on MM. Is it possible that Sushi LP and Axie Infinity SLP (Smooth Love Potion) can have got mixed up during such a swap?!🙀

The sushi LP was worth > 13 000 dollars, while the Axie Inifinity SLPs are worth next to nothing. Could it be that bad that MM have seen the two different contracts as one🙀😿😢

[cunning perch]

That shouldn't be possible though making a wrong TX might result in asset loss. (like sending a token to a wrong address). Let me ask Carlos.

Hey @hexed bough hope you are well. Could you please look into @undone igloo issue? you can read it in the PMs above. I asked the questions I knew could help and the issue is somehow complicated. Thx m8 🙂

@undone igloo wait for Carlos's PM. No one will DM you. Remember that. He'll tag you here.

[undone igloo]

Thanks for helping @cunning perch 🙏 I really hope this shouldnt be possible and it is possible to fix. Though, I am afraid if it could happen to me there will be a great risk that it could happen again for other Illuvium stake holders😔

[cunning perch]

No worries. I'm sure Carlos will give you a better answer regarding the issue.

[undone igloo]

Keeping my fingers crossed 🤞🙏

[hexed bough]

Thanks @cunning perch - @undone igloo can you DM me with your wallet address?

[jovial root]

My understanding is that you shouldnt SWAP SLP for ETH, you should go to Liquidity section and REMOVE IT.
It will then tell you how much ILV and ETH you will receive

[fair locust]

A question - if I go to rewards theres mention the amount of ILV got from staking. Now I can choose between claim ilv and claim sILV. Will I get the same amount if I choose sILV?

[gentle pumice]

I have 0.000000000000006134 SLP that i can't stake. I'm leaving money on the table guys

[livid sandal]

guys what are the best staking options in crypto gaming in general?

[undone igloo]

Yes, that would definetly be the wright way of doing it. But if it is possible to make the misstake of swaping Sushi LP (SLP) as if they are Axie SLP, then the misstake will be done by others as well many times ahead.

Sushi LPs should probably not be possible to be swaped on MM if the way of selling/withdrawing is done differenty on Sushi vs MM. 😕

[cunning perch]

Please DM Carlos. He asked you to.

[cunning perch]

playing and/or investing

[undone igloo]

Yes, I am talking with Carlos👍

[bright salmon]

If I stack ILV in V1 from now for 1 or 2 months, I will be able to receive the special reward ?
After V2 will be there and after my 1-2 months staking, what do I need to do in order to go on V2 ?

[cunning perch]

if you upgrade in the 2-week halt you would get it. When they unlock, you can migrate to V2 if you wanna keep the weight and want cheaper gas or let it ride all the same (no action) or withdraw and sell.

[bright salmon]

What is the cost for upgrading and migrating ? Will it be gas fees on ETH network ?

[cunning perch]

there will def be gas fees and no one knows how much. Upgrading is one TX per pool (2 max) and Migrating will be per-stake + claiming rewards

[bright salmon]

I'm wondering should I stake a small amount on V1 in order to claim special reward ? What will be the reward ?
Or simply wait for V2 ?

[cunning perch]

If it is small, I would wait for V2. (my opinion though and NFA ofc as always)

[bright salmon]

Where can I find more information V1 to V2 reward ?

[cunning perch]

whatever you need to know and has been disclosed is there.

[bright salmon]

Staking Weight = ? the number of time you have staked ?

[silent cedar]

You get a reward multiplier for staking longer up to x2

[fair locust]

A question - if I go to rewards theres mention the amount of ILV got from staking. Now I can choose between claim ilv and claim sILV. Will I get the same amount if I choose sILV?

[cunning perch]

whatever amount you see in "pending rewards" can be claimed as ILV or sILV.

[fair locust]

But if I claim ILV than its more valuable (now) than sILV or not?

Is it possible to lock two times on sushi lp? One lock for ILV reward and one lock for sILV reward

?

[scenic crescent]

No, every reward in the SLP ist going in one reward pot, it doesn´t matter if u stack multiple times or just 1 time and if u click claim you can decide if u pick it in ILV or silv

[cunning perch]

value is realtive. with sILV you can buy land and land can make a 10X in no time. Value is relative to your plans

[cunning perch]

no, sILV is officially only claimable through staking ILV and/or SLP

[fair locust]

Got it - if I lock again an amount on slp pool the whole rewards count together (with my first lock) right?

[cunning perch]

each claim will have its own unique 1-year lock.

[fair locust]

Yeah I know that.. can I maybe pm you arash?

[cunning perch]

Yes you can. Though I'd rather we keep to public channels. So many ppl are falling for scams through DMs and I personally would prefer public channels so ppl feel safe asking Qs and receive answer. But still, you can DM me if you want. I might answer you in like 3 hours. (make sure you DM me and not a wrong Arash. So many impersonation going on)

[queen grove]

Care to elaborate on how Land makes a 10x in very little time?

[cunning perch]

I didn't give a time. said in "no time" 🙂

[queen grove]

Which is even more unlikely. Will still take clarification/leaks 🤞

[cunning perch]

well, nobody knows. That's why I used a modal verb "can" as a possibility. Obviously it's speculation

[fair locust]

There‘s mentioned that we have to upgrade to v2 - but I can‘t find the steps to do it. My situation now: locked staking on SLP pool for 365 days, I have also already pending rewards which I could claim. Pls let me know how can I upgrade?

[queen grove]

Oh, so like, "you should buy Iron stable coin. Iron COULD do a 100x" 🙄

[cunning perch]

you have to upgrade only once (the SLP) and if you have staked (not claimed) in ILV pool as well, you have to upgrade that too (once). Upgrading is pool-based so min 1 time and max 2 times

[cunning perch]

in a world where shitcoins are top 50, anything is possible 😄

[fair locust]

What do I have to do for upgrading? How?

[cunning perch]

guides will be published. For now you can read pinned messages and learn more about it

[fair locust]

so it not started yet? I‘ve read them yeah. Will be maybe a german version of upgrade/migrate thing 😅

So this is just a pre-announce 🙂

[cunning perch]

you can ask in #796853287273758730 and there are people who can help including stormi (Sascha)

[olive oracle]

Why I can’t stake slp but ILV

[fair locust]

Will do thx arash. But V2 upgrade not started yet right?

[scenic crescent]

For SLP you need the SLP token and it doesnt look like u got some

[cunning perch]

No it's not out yet. Will be in 2-3 weeks 🙂

[fair locust]

Ah great 😆 I was already thinking where the buttons are to upgrade 😅.. thx

Other question, the ILV token holders will receive revenues from in-game transactions right? Must be the tokens staked or would we receive also the revenue if I just let ILV on my wallet?

[deep robin]

Will flexible stakers get the v2 bonus?

[final steppe]

Good question! 🙂
Tokens must be staked to be eligible for revenue distributions

[surreal nexus]

Where can we find info on v2 of staking thats coming out in 2-3 weeks?

[final steppe]

With the current proposal, Flexible staking will be removed and the minimum lock requirement will be 1 month. So flexible stakers would have to unstake from V1, and then stake in V2 with a minimum of 1 month locking period.

[final steppe]

Hey Bruce! Aaron posted a PDF outlining the details here: #809220563397902346 message

[fair locust]

But the staking rewards are for a limited time or better say 3 millions ILV‘s right?

So after 3 mill. ILV rewards are distributet to the stakers. I still can stake to get in-game revenues but without ILV rewards?

[final steppe]

Correct! ILV rewards through staking/yield farming will no longer be distributed in that fashion once the 3 million has been given out after 3 years. But if you want to receive revenue distributions, you'll want to keep your ILV staked 🙂 Keep in mind, it's still considered ILV rewards as the revenues are distributed back to the stakers in the form of unlocked ILV tokens

!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.

[fair locust]

Thanks a lot 🙂

Do you think it will take 3 years? Almost 1 million is already distributed 😆

[final steppe]

Yeah, it's set up to take 3 years in the yield contracts but it's not an even amount distributed across that time frame. The bulk of the yield farming rewards are in the beginning and will be much smaller towards the end. So the earlier you get in, the more rewards you get!

[fair locust]

Ah right I forget that!

[final steppe]

More info on the tokenomics found in the Medium article here: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[winter kernel]

Do we know now the estimated fees to move from v1 to v2? I was seeing that we have to do two transactions for each stake we move. Does that mean in ilv pool and slp pool or do we need to move rewards as well?

[deep robin]

Oh sorry, I mean the bonus that is meant to compensate people for the gas fees involved with staking on v2, unless I misunderstood that.

[frail sundial]

@ripe steppe released a video yesterday of @cunning perch explaining the process, you will have to upgrade (1 transaction) per pool so once for ILV and once for SLP if you have stakes in both. And you will need to MIGRATE each stake if you choose to MIGRATE your unlocked tokens fully onto v2.

[olive oracle]

Got it thank you

[final steppe]

Ahh, do you mean the rewards "bonus" being given out to people who upgrade to V2 to make up for the 2 week period of yield rewards being put on hold?

Hmm, for flexible stakers I'm not entirely sure about that considering the function in these cases is just to unstake in V1 and the stake normally in V2, when it's available.... not use the "upgrade" function the locked stakers will be using. I'll see what I can find out.

[deep robin]

Oh my bad, I thought it was for gas fees but since flexible is ending then I’d assume not. Thanks for the clarification

[cunning perch]

You are correct 👍 nice one

[winter kernel]

Do we need to upgrade our stakes to get rewards and redivs?

[cunning perch]

If your stakes are locked, yes

[fair locust]

Pending rewards will occur also revdivs? Or only after I do claim them in ILV?

And do I get revdis for staked & locked SLP?

[frail sundial]

One thing I didn’t hear you cover though, do you have any idea how it will work if you have locked tokens on v1 - upgrade and then lock new tokens on v2 will it still be a single claiming transaction or one for v2 lock and one for v1

[cunning perch]

You will benefit from whatever feature V2 offers after upgrading. Means you will still have to claim in 2 TX (regarding SLP) but you decide which pool to claim, and which not. No more forced claims

@frail sundial here it is confirmed in the original Doc from Aaron. you can claim each pool reward in 1 TX. so if you are staked in both, you can claim both individually now. 👇 (this is unless they add a function (for SLP stakes) to automatically claim both pools in one TX. Either way, it's going to benefit SLP stakers.)

[cunning perch]

only after you claim them. Yes you get RevDis for the ILV part of your SLP

[delicate niche]

Hey im looking for silv can't find it on coinmarketcap or gecko where can I get the adress to add it to uniswap

[cunning perch]

because it's not a token that is officially sold in the market. you can officially get it through staking ILV and claim as rewards. Unofficially, you can buy from Uniswap, but sILV sold on open market is provided by random ppl who needed to have access to fast liquidity as their ILVs are locked. Now they sell it cheaper to be enough of an incentive for ppl to interact with it and buy from them. If it had the same value as ILV, then no one would buy it cuz why would they give up on the compounding effect of ILV and buy sILV that has no use case? having said that, please trade at your own discretion cuz the pool has nothing to do with ILV team/project

[gloomy gazelle]

!contract

[woven ibex]

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

[delicate niche]

Thank you guys

the adress does not show anything on uni or sushi

[gloomy gazelle]

The sILV address?

[cunning perch]

you go Uniswap, click on "manage token list" and add the sILV address and you should see "Escrowed sILV" something like that with a weird logo.

[gloomy gazelle]

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

[delicate niche]

it just showed for some reason it did not earlier

[cunning perch]

give your system a kick. it always works lol

[gloomy gazelle]

https://tenor.com/view/achievement-hunter-axe-kick-gavin-desk-computer-rage-gif-16193591

[cunning perch]

yeaaaah that was the "extreme" mode haha 😄

[gloomy gazelle]

https://tenor.com/view/i-create-i-fix-taping-diy-fixed-it-gif-15534407

[storm fulcrum]

Hi I'm trying to stake in the SLP pool. However, when I click "approve ILV" in metamask (on liquidity tab on sushiswap) my metamask shows "failed" for approve ILV spend limit. Some other context:

• I'm following the tutorial posted by the ILV team on YT. I'm using a ledger wallet with Metamask, and I've approved smart contracts on it. I also have my ethereum app open on the ledger.

[cunning perch]

Have you updated your wallet/Ledger and Browser? and make sure the amount entered is correct and that you have enough ETH to cover the TX (and ofc enough gas as well). If the issue was consistent, make sure you clear cache on wallet/browser as well and if it continued, change the browser.

[storm fulcrum]

Yeah I've tried twice already - I'm approving it based on the amount of ETH that metamask is recommending. Should I be using a different amount?

[cunning perch]

No it should be 50-50 on Sushi and regarding gas, you can change it (add to it) by clicking on EDIT before confirming (on the pop-up page)

[storm fulcrum]

Ok, however it doesn't show any indication that there wasn't enough gas. It just says "failed" on the activity in metamask. I'm just not sure that's the issue. There's no "transaction" ID - should there be?

[gloomy gazelle]

And blind signing is checked?

[cunning perch]

I think he said he "approved smart contract" on it so I guess it is on, unless he has missed it.

[storm fulcrum]

I went to my ledger settings and changed it to "allowed" under "allow contract data in transactions" (ETH app)

[cunning perch]

yyeah after update it becomes "blind signing"

[gloomy gazelle]

Yeah I don’t know the fix needed. Just giving ideas.

[cunning perch]

After updating, that button will be turned off and will be under the name "blind signing". connect your Ledger to Ledger live and check for updates @storm fulcrum

[storm fulcrum]

thank you, looking at that now

[runic barn]

can someone tell me how to unstake?

[cunning perch]

if you are locked, you cannot do anything. If you are unlocked, you can check the "vesting" section on the staking website (watch out for DMs. They are scams

[storm fulcrum]

Ok I've updated the firmware and you're right - the settings changed to "blind signing". I enabled that. Should I try to approve the ILV again?

[cunning perch]

if it asks you, then yeah.

[runic barn]

thank u

[delicate plaza]

With the ability to move your stake to a new wallet being part of V2 - will the stake itself have to be unlocked? Or as long as it was staked onto V2 initially it can be moved to a new wallet anytime

[cunning perch]

migration = stakes have to be unlocked

[storm fulcrum]

Arash, it worked!! Thanks SO MUCH for your assistance here. So great to have you guys!!

[cunning perch]

No problem. Glad it worked it for you 🙂

[quick forge]

minimum for staking

[marble parcel]

Somebody knows how much in average

[cunning perch]

No min as long as it justifies the gas you pay for each step.

[marble parcel]

iI will have to pay in gas fees in order to stake on the sushi pool?

[quick forge]

yea just found that post.. thanks!

[cunning perch]

yep. Definitely (watch out for scam DMs btw. They are all scams)

[delicate plaza]

Gotcha - that solves my question on weather I should withdraw before or after upgrading. I'll upgrade -> migrate to new wallet (and v2 i guess at the same time) -> withdraw and restake at a higher yield

That seems like the better option than withdrawing my SLP tokens -> sending them on eth network to new address -> restaking on that address? correct?

[cunning perch]

Well if you are planning to withdraw (if they are unlocked and your wallet is not compromised) you can withdraw after upgrading (or before if you think you have enough rewards in both pools that justify paying gas for) and then stake directly on V2 when it's out.

[cunning perch]

I think I answered that above too 👆

[delicate plaza]

Perfect - my question was about weather the ability to swap wallets was a feature of migrating - or just a feature that can be done while on V2

[cunning perch]

No worries. It's a feature of having your tokens unlocked, so it should be that of migration.

[delicate plaza]

This is what I was originally planning - but I want to withdraw and restake for 1 year - so I wouldn't be able to switch that to a new wallet until after a year? As I'm technically not migrating at all in that example?

[cunning perch]

Since migration happens when stakes are unlocked, then you can send them to a new address. Idk how this works with unlocked rewards tbh cause logically they would be on V2 automatically after you upgrade the pool. Changing wallet is something that needs further info with How-tos and How-not-tos

We need something like the simple guide that we have for staking. For now we just speculate based on the proposal

[delicate plaza]

True, that makes sense. I guess I need to stop being inpatient and trying to plan everything when it might all become crystal clear once the proposal comes through

[cunning perch]

Haha it's ok to have a plan. Plan two different scenarios and one will happen for sure.

[ripe jay]

Hey guys, can someone please explain to me why illuvium has a staking pool. Is it to distribute revenue generated by the protocol to the token holders or something else?

I will really appreciate if someone can explain this to me or maybe share some article that explains it

[cunning perch]

Staking pool is for ppl to support the project by staking their tokens and earn rewards (yield farming) and Revenue Distribution is what Illuvium gives to the stakers to further keep their tokens staked and interact with the economy/ecosystem in different ways. You can read all about it 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

[ripe jay]

Thanks guys. I really appreciate all the info. I'm trying to figure out the reason behind staking. I mean, i understand the revenue distribution. But for now is just a program to incentivise staking right?. How does the protocol benefits itself by the staking of ppl?

[cunning perch]

This protocol (Illuvium) is a game. One way is to stake and get sILV as rewards and use it in game to further farm stuff and catch Illuvials (which are NFTs) and sell them.

[ripe jay]

I just found my answer in one o these links. I paste the answer if someone is interested

The purpose of the liquidity mining program is to distribute $ILV from the Illuvium Treasury to early Illuvium community members to: 1) achieve a distributed holding of $ILV tokens across more of the Illuvium community, 2) incentivise new people to participate in the Illuvium community, and 3) to enable a more liquid and transparent market for the trading of $ILV.

[cunning perch]

That's literally what I explained and the docs are already in #🔗〕helpful-links for the community to go through and #❓〕faq

[ripe jay]

Sorry I'm new to discord. I appreciate taking you the time to explain

[true vector]

loving the 204.35% apy in slp, will have to decide after land sale to remain in slp or move to ilv pool and lock it up for a year, any thought between these two pools? dont really know how much rev dis we would get in ilv

[cunning perch]

No one knows about RevDis and it will defer everytime. Joining pool is a decision you gotta make by yourself 🙂

[cunning perch]

No worries. Also watch out for scammers. All DMs are scams so don't answer anyone privately

[true vector]

will probably just remain in slp i get rev dis on half of em anyway

[cunning perch]

You will be making way more $ than you would have if you had deposited in the bank. Enjoy it 👍

[tidal leaf]

Concerning the gas fees, does it make sense to stake now or to wait for V2.0. I have 3 ilv I bought on an exchange. I'm completely new to staking, but both the art and interviews I've listened to have me believing in this game. Any insight here for me?

[true vector]

with 3 ilv best wait for v2 or stake when gas fees are really low

[tidal leaf]

Ok great, thank you! Hoping to buy some more if it dips further

[trail sail]

2.0 should be within the next couple weeks so hopefully you don’t have to wait long!

[ionic heron]

Im looking to stake and had accumulated 6 ilv. Is v2 happening this month?

[livid light]

No date that I have seen but should be pretty soon hopefully this month

[tidal leaf]

Terrific! I'm looking forward to it!

[civic hemlock]

Hi guys, I have an SLP staking question. I have staked a bunch of rewards that I have not claimed yet. If I wait until the 12 months until my SLP is unlocked will I receive my rewards? Or will the rewards be auto locked for 12 months at that point when I claim them?

Im wondering if I should claim them now in ILV to get the process going or wait until my SLP is unlocked

[true vector]

ilv rewards are locked in for 1 year the moment you claim them, while silv rewards are unlocked the moment you claim them

[civic hemlock]

Awesome thank you!

[plain hatch]

should i be waiting for v2 before trying to stake? (not currently staking)

[atomic lagoon]

If the amount is not significant, you should wait. You need to weigh the rewards in two weeks vs the gas you would save.

[livid light]

general rule if you have a few $1,000 wait if you have $10,000+ would be worth it for gas/rewards Aaron said at this point to just wait if your going longer terms

keeping the money on V1 is still going to be more to claim rewards then just waiting for V2

[junior nacelle]

Hello all... Does anyone know where I can see info pertaining to how expensive ETH gas fees are at any moment of time? And if I should wait until it might be cheaper? Thanks so much

[livid light]

if you have the member list there is a bot tracking it

It varies pretty much by seconds lol

[junior nacelle]

Wasn't there an excel spreadsheet someone made or something like that? I think...

[livid light]

it would be in pinned messages I think there is

[junior nacelle]

Ah thanks... Do u know how I can see pinned messages?

[livid light]

mobile its top right side same with comp under member list

[atomic lagoon]

You can also use this

https://etherscan.io/gastracker

[junior nacelle]

Ah ok thanks so much! Hey Kuki how's it going :)

[atomic lagoon]

I am good. Thanks! Hope your search on staking going smoothly aa well.

[junior nacelle]

It's good haha I'm feeling better than I was before... I decided I'm gonna stake everything I have now (wheny ledger arrives), and then, just stake with extra income I'll be making from my job when v2 comes around

I learned from being in omi that delays always happen in crypto and I almost expect v2 to be delayed

[atomic lagoon]

Yeah. I am getting used to it.

[plain hatch]

does revdis apply to both ILV and SLP staking or just ILV?

[atomic lagoon]

both but for SLP, it applies to only the ILV protion.

[plain hatch]

Thank you ❤️

first tiime staking trying to ask all the questionsi have lol

[atomic lagoon]

No worry. the discord community is awesome. you can always ask here.

[plain hatch]

yesss everyone is super helpful

[brisk surge]

would it be bad to long term hold in Sushi LP?

[remote forge]

will upgrading be an easy process or is it gonna drain me 1000$ to upgrade XD

[atomic lagoon]

if you are worried, you can always choose to lock only about 1 month. But then the APY will be lower. It will be hard to predict the future though. NFA

[brisk surge]

what about between 6-12 months?

i’ve done some already and made a few gains. But i just wanna hear some other opinions learn more etc

[atomic lagoon]

I am locked for 12 months. if you believe in the project and revDis, long term investment is the way to go. Again NFA

[brisk surge]

yeah i believe in it 100%. Is what you have locked in ILV or the sushi LP? cause i’ve got ILV locked 12 months as well. I guess i’m askin is because i’ve never invested in a thing where it’s like ‘liquidity’, between eth and IlV not sure how to say it. So i just want some opinions on the Sushi LP typa thing. I’ve done some research but it’s kinda hard to understand.

[atomic lagoon]

i put all in ILV for 1 month and changed 75% of it to SLP since early Nov.

[brisk surge]

ah okay, so most of of your investment is in SLP?

[atomic lagoon]

Yeap

[strange hornet]

Hey ILV fam , got a question about revdis... Once rewards are distributed, will those revdis rewards be locked for 1 year from the date received?

[cinder dragon]

!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.

[strange hornet]

unlocked ILV, beautiful, thanks DR BB

[brazen egret]

Oh my goodness. The gas fees are soo low!!!!

[true vector]

hi what does MM say estimated of 76 dollars?

trying to claim and lock up my slp for 1 year, will it really cost 76 dollars? Metamask confuses me

[brazen egret]

If it says estimated 76 dollars. Then yea the transaction should cost around there. Maybe slightly lower or slightly higher depending on the slippage tolerance set on your metamask.

[true vector]

damn thats quite high aint it?

[brazen egret]

Gas is around 50 gwei at the moment. Very cheap compared to a few weeks ago. Which was around 200 gwei

I had this 8 days ago hahahahah

[true vector]

damn etheruem is staright up highway robbery with gas fees, do you manually input gas fees? or just let MM automaticall low, med high setting do it??

[brazen egret]

If you're not very familiar with the settings I'd say just let the MM auto settings do it for you. However, it can save u a bit if you choose to manually input gas fees. Be careful though because if you set it too low the transaction might never go through but i think you can adjust your gas settings on a pending transaction anyway

[true vector]

so i just claimed my rewards as SILV and when i try to withdraw my SLP from the pool it still says to claim my rewards first>

never mind was able to do it, locked it up for 1 year

[random helm]

I have a couple of questions regarding V2. I am currently staked at V1 .

1. When i unlock and migrate to V2, do I keep the weight i had when i was still on V1?
2. When i migrate to V2, do i need to lock my tokens again or are they unlocked?

[acoustic obsidian]

When will V2 be live? I wait for V2 to stake

[atomic lagoon]

May be this will help.

[true vector]

how much gas does it consume to upgrade so that v2 can read my v1 stake in slp pool

[pearl socket]

!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.

[pearl socket]

aww i wanted a yield bearing token

[alpine glade]

Can Gas stay like this until v2 :)?

[austere cliff]

Wow, gas is actually acceptable. Please stay like this until i need to claim my rewards again. Preferably until land sale. K, Thanks, bye.

[soft lagoon]

Question: How does sILV come into existence? Only by claiming stake rewards or are there more ways sILV is created?

[worthy peak]

Minted when claiming happens, yes. The only way.

[carmine drum]

Just by the time we agree to wait for v2 staking to claim, then the gas be like: Hey, sexy 40ish here......

[coral pike]

or it will go up to 500 😆

[lean nest]

That’s what the cougars say

[clear cape]

Ikr

[jagged igloo]

I can't add liquidity on sushiswap... anyone know what's going on?

[bronze vector]

Hi. I have some ILV staked and it's not showing on the dashboard. It say's I have nothing staked. Is this a known issue? Does this have to do with v2?

[atomic lagoon]

does the staking transaction in metamask/wallet went through? make sure you are connect to your wallet with the illuvium website and may be try clearing the cookies and refresh the page again?
definitely this is not related to v2.

[bronze vector]

yes, the transaction went through and everything was working fine for the week or so that I have been staking, just this morning it suddenly doesn't show up

[atomic lagoon]

the website was down for a few min this morning, please see #📣〕announcements
but it has recovered already and should be working find now.

[bronze vector]

that was the first thing I checked 😅

I found the problem

it's some issue with the brave browser. It keeps connecting to the wrong address

[cyan rampart]

Gas is so damn cheap, I just wanna claim xD

[atomic lagoon]

gas is cheap when I have no more money to stake 😦

[cyan rampart]

True haha - Present Me resents past me for jumping on 80 gwei 2 weeks ago

[bronze vector]

clearing the cookies did the trick. Thanks for the suggestion

[jagged igloo]

Can someone verify the option to add liquidity on sushiswap is available? I've tried 3 different browsers and when I select the ETH/ILV pair on the liquidity tab there's no option to actually add liquidity

[cyan rampart]

It all looks normal to me - You're definitely connecting with a wallet that has both ETH and ILV to provide as liquidity?

[jagged igloo]

Yes, atomic wallet with more ETH than ILV

[livid light]

Did you combine the pair? That was the spot I was missing

combine them both to add liquidity and then look it see it worked

You will see them here when they are combined prior to staking

[jagged igloo]

I'm not sure what it means to combine the pair. When I type in how much ILV I want to use the ETH value doesn't update and there's no clickable buttons

Oh, maybe I need to approve the token pair first before it's available

I transferred the ILV from an exchange so that's probably what's going on

[livid light]

Once you have both tokens you have to combine them to provide liquidity

[cunning perch]

so many tokens.....

[jagged igloo]

I can't even swap any tokens on sushiswap right now... It says "Insufficient liquidity for this trade" for every trading pair that I've tried. Not sure what's going on there, but I think once I get that resolved I'll be able to add liquidity

[silent cedar]

You have to have equal values of ETH and ILV in your wallet plus extra ETH for gas to get LP token

[jagged igloo]

Yes, I do. The problem appears to be with my wallet, as I can't make a simple swap either

[silent cedar]

Hmm, which are you using?

[jagged igloo]

Atomic Wallet, which I've used to swap tokens on sushiswap previously so I'm not sure what changed

[silent cedar]

I'm not familiar. My only suggestion would be to disconnect wallet, log out of atomic, then log in and reconnect. GL

[jagged igloo]

Thanks everyone for your help. I'll have to figure out what's wrong with this wallet

[jagged igloo]

Wow, thank you thank you thank you!! I logged out of the wallet on my phone and everything started working!! You rock!

[supple meadow]

When V2 comes out, the ILV vesting rewards are automatically upgraded to V2 when I upgrade my SLP pool correct? Or do I have to upgrade both pools? I have not deposited to the ILV pool just my rewards are in that pool.

[cunning perch]

You upgrade the pools you have staked in (made the deposit ) so min 1 and max 2 times if you have staked in both. Rewards should most probably move to V2 after upgrade (just like seed/team tokens ) as they are not vested yet

[carmine swift]

What are the benefits of staking on ILV?

I see the liquidity provider rewards are 0.25% how often would that reward be received if I experimented with $10k?

[cunning perch]

SLP reward ration compared to ILV pool is 0.8 to 0.2 so they already receive lots of rewards. To learn about V2 please

[delicate plaza]

Not sure if this is the right thread to ask but as the tokens are not "vested" yet - does it count as owning/receiving them at the time of claiming for tax purposes?

[cunning perch]

I have no idea about the tax cuz each country has its own. 🤷‍♂️

[supple meadow]

Is there a new date for V2 release?

[supple meadow]

My tax guy says as long as its vested you dont pay taxes cuz its still in their system but when it goes in your wallet thats when you get taxed. I live in the US

[cunning perch]

2-3 weeks. Might be longer

[brave marsh]

why would anyone invest on ilv core pool if the amount is huge? SLP definitely gives higher return. Will ilv core pool has better revdis than SLP?

[supple meadow]

SLP is more risk

[brave marsh]

But i believe if your investing for long term, then its better to go with SLP.

[supple meadow]

to be clear I am all in SLP.. but there may be impermeant loss in the SLP pool, especially if we go into a bear market

[carmine swift]

I don't understand what that means

[cunning perch]

!read these

[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

[brave marsh]

oh got it, what about the revdis? ilv core has better revdis?

[supple meadow]

you get Revdis from just the ILV portion of SLP but weight you have in your stake plays a big part

[carmine swift]

Thank you

[brave marsh]

oh, suppose the weight is 2.0, and i invest 3 ilv in core pool and same in SLP, the revdis for ilv core pool will be on 6 ilv where as the slp is 3 ilv (1.5 *2). So revis for ILV core pool is better than SLP,
may be in the long run ilv core pool has better return?

[supple meadow]

So the ILV you hold staked in either SLP or ILV pool times your weight is what you get revdis off of, is the way I understand it. So if you invest the same amount in both pools you would get more RevDis from the ILV pool as long as the weights are the same

[tall sapphire]

hey all... I paid gee fees to claim my ILV reward from the LINK pool. Now that reward is vesting for 365 days. How do I get my LINK back though? Do I have to pay another fee to get that back?

it tells me I have to claim those rewards, but I have already claimed them? So confused?

[brave marsh]

got it. will the land sale count for revdis? or its applicable only for in game?

[true vector]

it just tells you that you have to claim then even though you already claimed them once you hit ilv or silv to claim the staked pool you will have your link back just went through the same thing yesterday

[tall sapphire]

Awesome, thank you. Did you have to pay another gas fee?

[true vector]

i claimed my .22 silv went to claim my SLP pool and told me to claim my silv rewards first i clicked on silv and claimed my SLP

Yes you do pay another gas fee though

1. gas fee for claiming rewards then another fee for taking out your staked tokens

[tall sapphire]

okay thank you for confirming

[quiet hatch]

Mr Arash sir... 😅

Is discord search broken at the moment? Whatever I type I get "no results".

I checked pinned and found this #🥩〕staking message

Do we have a more concrete date for V2 yet? Or still "roughly 2 weeks", so around the 13th-ish :)?

[mint cave]

discord search is broken for me too 😄

no concrete date for v2 yet

[quiet hatch]

Phew not just me then 😅

Cool thanks Jeff! My claim finger is getting awfully itchy, especially with the gwei price hitting some decent levels recently (30-40), but I'm trying to hold off till V2 😆 (also just saw it's back to 160 now 😂 )

[cunning perch]

First time someone calls me Mr. Arash 🤣

[mental silo]

Hi! I did staking like 4 -5 months ago.. the apy was 60% at that time.. today finished and i unblocked the tokens.. but i didnt get my staking rewards.. please help..

[brisk surge]

Your rewards will still be vesting. All ILV rewards vest for 12 months in the ILV pool after they are claimed.

[mental silo]

Yes i understand that.. but it wasnt the right amount of rewards

And i had a. Failed transaction

[brisk surge]

Well the rate is variable and it has gone down quite a bit since 4 months ago. A failed transaction wont affect your amount of rewards but you may have to do it again if it didnt go through.

[clear otter]

Hey, how do I unstake my coins?

[brisk surge]

On the vesting tab of the staking page

[clear otter]

Thank you!

[formal dew]

is it possible to claimjust my sushiLP reward

[brisk surge]

Not currently, It should be possible after the upgrade to V2 staking contracts. Hopefully before the end of the month.

[merry socket]

Any date on staking V2 yet? Tempted to claim my rewards but not if V2 rolling soon

[coral pike]

no I am not sure if the council has even set a date for an official vote yet maybe @mint cave could clarify that

[harsh breach]

This is just BS proposal. Make all the locked V1 contracts also migratable or automigrate them on your own. Basically you are saying than anyone who was stupid enough to stake their stuff into locked pool is stuck with the V1 gas fees for up to one year. Thanks, but no thanks really.

[junior nacelle]

Hello all... If I want to DCA my weekly paycheck into staking ILV, and I have already staked one contract in the SLP pool for 52 weeks, what is the best way to go about this? Should I deposit my weekly paycheck into my existing staking contract, or must I create a new contract from scratch anytime I get extra money to stake ILV with? Thanks so much

[cyan rampart]

This is not a proposal, this is an explanation of the basics of how most people will need to interact with V2. If you have major issues with how V2 is being implemented, you can post something detailed in #814313819185741845 . I'm not a blockchain engineer and can't speak to the specifics of how V1 to V2 migration could be done on a technical level.

You can see the actual proposal (which was debated for weeks in a thread in #809220563397902346 ) pinned in this channel as well.

[half ridge]

I am having Trouble connecting my MetaMask wallet to the website so I can stake. Anyone else having this problem?

[carmine drum]

Better using Chrome with MM extension.

[half ridge]

I am

I can connect my Coinbase wallet but not my meta mask that has my ILV and silv

[harsh breach]

is there some hacky way to claim only LP rewards without triggering the ILV stake claim?

[junior nacelle]

Yes, v2 will fix this

[harsh breach]

no it doesn't! currently locked stakes will remain permanently on V1 up until the end of the lockup as the current change proposal is made. I don't want to wait an entire year to get to V2 staking... by that time I expect already V3 to be out on entirely sane blockchain instead of this ETH bs.

[junior nacelle]

V2 isn't out yet

[harsh breach]

yes, but did you read the proposed changes for V2?

[junior nacelle]

Yea

[harsh breach]

so you know what I am talking about - so you should know V2 doesn't change anything for already stakers (in locked pools).

[junior nacelle]

V2 can read v1

[harsh breach]

so? you still need to pay for all the transactions like right now. on top of that you actually need to make additional one time "upgrade" transaction for no benefit at all.

[junior nacelle]

But they will be cheaper on v2

[strong forge]

When is v2

[junior nacelle]

Hello all... If I want to DCA my weekly paycheck into staking ILV, and I have already staked one contract in the SLP pool for 52 weeks, what is the best way to go about this? Should I deposit my weekly paycheck into my existing staking contract, or must I create a new contract from scratch anytime I get extra money to stake ILV with? Thanks so much

[jovial root]

Create new each time, and pay associated GAS fees each time

I think I have like 4 or 5 separate SLP contracts over the past 2 months.

[junior nacelle]

Oh, so if u have more spare money, and want to stake more ILV, you cannot add it to your existing stake, but instead must create new stakes each time?

[jovial root]

Well you can just add it to the Sushi Liquidity pool at any time, even in small amounts. Pay that GAS fee, and get the corresponding SLP.
You can then build up the SLP till it is a large enough amount to make it worth staking in the Illuvium site.

But each time you stake those SLP to the illuvium.io site, that is a new contract, and has its own time lock and weighting

Also from memory (correct me if I am wrong), when you stake new, you also need to collect any outstanding rewards. So there is the Double GAS cost there

[junior nacelle]

Oh ok... But, I see you have staked 5 different times, does that mean you are paying 5 different gas fee events any time you want to claim any rewards from them to get the compounding effect?

[proud sigil]

I think it does. He didn't pay gas to stake but he pays gas to claim.

I'm curious what happens when you want to sell your SLP?

[jovial root]

No, I only pay 2 GAS

1. to claim from SLP rewards pool
2. to claim from ILV rewards pool

So I have 5 SLP staking events,
and 17 ILV staking events (from claiming rewards)

But still only pay the 2x GAS transactions to claim future rewards

[junior nacelle]

Ohhh really? Even though you staked like 5 different times?

[fresh grail]

Correct, you only pay the fee for the 2 pools

[proud sigil]

So you will wait until everything has finished staking and then claim the rewards I assume?

[jovial root]

The rewards from each staking event is calculated separately (based on my amount and weighting) and then combined into the total "rewards" of each pool.

Then when I am claiming, it all claims that TOTAL REWARDS for each pool.

[proud sigil]

thanks @jovial root

[jovial root]

I claim each time I want to stake again, or whenever I feel the GAS is really low.

I pay more in GAS overall, but it helps to spread the unlock dates out 1 yr from now

[fresh grail]

You can, but it's best to claim when the rewards:gas ratio favours rewards. Allows you to compound over time. I aim for gas to be around 1% of my claim

[junior nacelle]

Right, I am thinking about claiming every month or so (I'll be staking 20 ILV initially for my very first stake)

[jovial root]

Also be sure to claim before any potential revdis events, as UNCLAIMED ILV does NOT receive Revdis

[cyan wagon]

V1 to V2 is it using the same platform?

[junior nacelle]

Ohh wow ok thank u so much for the explanation it's a huge help to me... I thought this whole time that every new time I add a stake, it would add ANOTHER set of gas events for whenever I wanted to claim rewards for THAT stake

[proud sigil]

ok so (1) claim when the gas fees are low and you have enough rewards, (2) make sure to claim before any revenue distribution events, if claiming SLV

[jovial root]

I believe so, just different coding to reduce the amount of Blocks required to store the data, and thus reduce GAS fees

[cyan wagon]

so we just need to upgrade? if using the same platform....

[junior nacelle]

How the hell is this so complicated? There really should be way more info online about this so we don't all have to clammer into the discord and just ask tons of questions

[jovial root]

Yes, also check out the pinned calculators.
You can see that Claiming regularly from ILV only pool is a waste of GAS because the APY is low.

But if you have SLP, then it is worth claiming every 2-4 weeks.

Also be aware that in V2, you will be able to claim from 1 Pool only if you want. You won't be forced to always claim both pools

[junior nacelle]

Illuvium should be putting up articles, spreadsheets, diagrams, etc etc etc to explain all this

[jovial root]

The community does a lot of that. Check pinned msgs.

But things are moving superfast.

They have 10 different things happening at once... so it makes it hard.

Plus what level do you stop offering support?
Do you offer it to the tech savvy only?
What about someone who is completely new to Crypto?

So that is where the community can help.

Eventually once the game is near to release, then they will get all that stuff happening.
But for now the landscape and scope is changing too fast

[junior nacelle]

Would u recommend waiting for v2 or staking now if I have 20 ILV (10 ILV + equivalent amount in ETH) to stake in the sushi pool for 52 weeks? I am thinking I should stake now, as my gains over the next few weeks would far outweigh whatever amount I could have "saved" in gas by waiting to stake on v2 directly

[junior nacelle]

Yea, and I really appreciate your help with all these messages, thanks so much

[jovial root]

Personally... I would wait.
Because if you stake in V2, you don't don't to ever worry about Upgrading, Migrating, etc... which is confusing as fuck also...

BUT yeah, you will lose about 25% rewards for the 3 weeks(guess) until V2 is active

[junior nacelle]

Ah ok... But honestly, I think it's very possible that v2 will be delayed, delays happen so often in crypto, haha... Plus, it's not like I will only be staking once, I'll be adding to my stake position every month with more ILV + ETH, so for me personally, I'm ok with starting before v2 occurs

[proud sigil]

Yeh can you clarify, I think missing approx 200% APY (it will go down, so, averaging) for 12 months is worth the gas fees

PS. I'll try and write all of this in a document - feel free to ask questions there. Just starting now. https://docs.google.com/document/d/15_VbkUdGgURs-NCxH1o9lXnhW2EAWK5dHewV1SJVkf4/edit?usp=sharing

[junior nacelle]

Can I ask if you are using a hardware wallet with your staked positions? I am going to be using the ledger nano

[jovial root]

The APY is currently 400+%
So on an annual basis you get 400% returns. On a weekly basis that is about 7.7% rewards x number of weeks not staked.

(Although you do need to factor in that rewards reduce 3% each week or 2 weeks)

[jovial root]

A number of people do use Ledger with Metamask, and it works fine.
(Sometimes there are settings you need to adjust)

Search for LEDGER or COLD WALLET in Discord and read some of the conversations about that.

[junior nacelle]

Ah that's smart, didn't think to search for those keywords, thank u

[jovial root]

No worries.
I'm out now, need to feed the kids

[proud sigil]

thanks heaps @jovial root

[junior nacelle]

Do u think 20 ILV is enough to be financially free in 5 years? Haha 🤣

[junior nacelle]

Ok no worries, thank u so much for all the help!

[proud sigil]

Hey @junior nacelle , I'll do a calculation for you

[junior nacelle]

Oh thank you... Just curious lol

[jovial root]

Search for scoriox videos on you tube.
And aim for 10 years

[junior nacelle]

Ok, thanks so much

[proud sigil]

When do the APY rewards reduce? I can't find this info in the whitepaper.

Is it every week or every 2-weeks?

[fresh grail]

2 weeks they reduce by 3% https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[proud sigil]

@fresh grail excellent thank you

[fresh grail]

no worries 🙂

[craggy linden]

Hi guys. Newbie here. When is the right time i should vest my ILV rewards fr staking?

[proud sigil]

You have to weigh up your GAS price and your ILV rewards.

[fresh grail]

Some of us aim for 1% of gas fee to rewards. Others will take 10% or less

[proud sigil]

Hey Toughman, is the revenue distribution model also in the Medium tool... ? I'm struggling sorry.

[cobalt dew]

Hello. Do we have an ETA on v2?

[proud sigil]

Targeting for The Merge to occur before June 2022.

[craggy linden]

My ILV rewards is worth 200usd now. Ang gwei now is at 68
Do i wait or is it okay? Sorry guys for asking here. I dont have much other choice than to ask the techy ones here 😊

[fresh grail]

I just had a quick look. I don't think it's there. If you have queries just ask here and hopefully I can answer or lead you to where it is.

[proud sigil]

I'm trying to do a spreadsheet to calculate return over 10x years. I think I read somewhere 25% of revenue is distributed to holders of ILV, is this correct?

[fresh grail]

100% of revenue is split between Stakers not Holders.

[proud sigil]

Hey mate, so the ratio you have is 69 GWEI divided by $200 USD. How much is the GWEI in USD? People are trying to get this value below 1%, however, you may be willing to take 10% max.