🥩〕staking

[cunning perch]

Please check pinned messages for complete info regarding V2.

[wide forge]

Yeah i'm reading but the rewards part is still a bit confusing. Having unclaimed rewards do i need to claim them before upgrading or migrating or i can let them be and claim them on V2 ?

[cunning perch]

Number 1 in the picture above: Claiming rewards will be optional if upgrading.
Number 2: it will be a requirement if migrating

[wide forge]

Ok so in the migration case: I claim the rewards and let them vesting and then i can migrate unlocked tokens from v1 to v2.

[cunning perch]

When you click "Migrate" it will pop up a TX that forces you to claim rewards and then it will migrate it. So it's 2 TXs. You don't manually claim. Be advised that to migrate, your tokens need to be unlocked.

The HOW-TO part will most probably be made clear before V2 goes live.

[cunning forum]

Can we migrate to V2 if our tokens have been locked for 1 year?

[cunning perch]

literally in my PM above I said your tokens need to be unlocked if you wanna migrate 🙂

[wide forge]

After that when the vesting period is over the transaction to widraw will be on v2 and thus cheaper right?

[cunning perch]

yeah. Withdrawal will not force you to claim pending rewards and if gas is also optimized, then it should also cost you less $

[cunning forum]

So if we can’t migrate to V2 due to our tokens being locked, will we still get yield rewards and redivs?

[outer mauve]

I am getting a headeach with all this Staking V2, hopefully the team will come up with some news and they will make it easy to understand. All I want its to leave my ILV staking for a long time and not worry about it, one day come back when ILV will cost 10k one coin and then claim.

[cunning perch]

gotta have to upgrade your pools Please check the pinned messages for detailed info regarding V2.

[outer mauve]

pined message was great! thank you

[cunning perch]

Many people have explained it in very detailed ways in pinned messages. I suggest you read them all. Also Vetemore has made two vids about it. I would say there is enough info out there and in here.

[outer mauve]

basically just upgrate and continue the yield where you left it (if you have it locked like me)

[cunning perch]

yep. Just upgrade it if you have staked on V1. Done. Unless you want more weight if you are not locked for 1 year and your tokens are unlocked.

[outer mauve]

I am locked for one year and another one for 2 months, so I will just uograte and continue enjoying the rewards

[cunning perch]

easy pisy 😛

[cunning forum]

Ok thanks for the help that clears it up

[polar parcel]

hey everyone, quick question. is there a 1-year vest on staking rewards regardless of when you claim? i.e. if i was to let my rewards accumulate and then claim a year from now, there would be a further 1-year vest? or is there an end date on vested rewards

[cunning perch]

The moment you claim, it will be locked for 1 year while compounding with a weight of 2X, generating more rewards. This is regardless of the duratuion of your stake.

[polar parcel]

thanks arash

[fair brook]

If i want to stake 1 ILV in the ilv/eth staking choice with 400%+ apy, should I do so now or wait for v2 to come out

[cunning perch]

wait for V2. 1 ILV is a very small investment and the gas you are gonna pay for every claim will be terribly high. Esp since you plan on staking in LP. I personally wouldn't do it. But that is NFA.

[blissful sky]

Date for v2?

[balmy relic]

Nothing yet

[cunning perch]

That is the website integration of it. The mechanics behind it is the one that matters most not aesthetics 🙂

fasten your seatbelt. Q1 is one hell of a ride 🙂

[fair brook]

Do I have to buy ETH in order to stake in LP

[balmy relic]

If you don’t have the LP tokens, you’ll need ETH to buy the LP. If you already have the LP, you’ll still need ETH for gas.

[cunning perch]

!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

[fair brook]

Would the gas fees really eat me up if I want to invest 1 ILV. So 600$ ETH $600 ILV?

[cunning perch]

Yes. cuz investing now costs you about $100 which is 10$ of your initial investment and rewards won't be that much to compensate. check the calculators pinned in this channel.

[fair brook]

Bro I’ve paid 300$+ one transaction. If the gas fees are only 100$ if I put $600 ETH and $600 ILV, I don’t mind if I do

Also is using crypto.com app gonna work just fine?

[brisk surge]

Yes crypto.com works fine

[cunning perch]

well, we share the facts. You are the one who has to decide what's best for him 🙂

[fair brook]

Anyone have the perfect YT video on how to stake in LP ?

[brisk surge]

!staking

[woven ibex]

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

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

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

[brisk surge]

It's at the end ^

[fair brook]

Hey y’all, what’s the APY for Sushi LP right now? I haven’t bought my ILV yet so i can’t look

[brisk surge]

371.25%

[fair brook]

thats meh, so once V2 comes out there will be more stakers, meaning that % will drop. Correct?

[brisk surge]

Over time as more rewards are given out the % goes down, 3% every 2 weeks (fortnight)

[fair brook]

So basically, if I don’t mind gas fees, staking now is the best choice since the % will drop.

[brisk surge]

Yes longer amount of time in the staking is good and the gas isn't super high

[fair brook]

so inorder to stake 1 ILV, I should go ahead and buy $600 ETH and $600 ILV. And 100$ of that will end up going towards gas, which leaves me with 1 ILV staked?

[brisk surge]

If you are doing LP then you would be getting SLP and at the current price it would be less than that.

[fair brook]

SLP. uhhhh

[brisk surge]

SLP = ILV/ETH

[fair brook]

Ok. So is that bad or good

[brisk surge]

It's good you can see it here https://app.zerion.io/invest/asset/SLP-0x6a091a3406e0073c3cd6340122143009adac0eda

[fair brook]

mmmmm. So I won’t be recieving ILV.

[brisk surge]

You create SLP pair with ILV and ETH

[fair brook]

Can I turn my SLP into ILV?

[brisk surge]

SLP is 50% of ILV at the ratio when you put in ILV and ETH to create the Sushi Liquidity Pool token

if that makes sense

[ancient elk]

!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.

[fair brook]

no bro. Cause I can only sell ILV n crypto.com app.

[ancient elk]

!ILV

[woven ibex]

🚫 Leviathan, you can't use that.

[brisk surge]

!ilv

[woven ibex]

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

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

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

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

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

[fair brook]

At the end of staking/vesting period

[ancient elk]

👍 👍

[brisk surge]

You have to go from crypto.com to MetaMask

cause you need to interact with the staking platform you can't do that from crypto.com

[fair brook]

Oh so I can’t even use crypto.com at all

[brisk surge]

You can to get ILV if you want but it would be easier to get ILV from sushiswap

!staking

[woven ibex]

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

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

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

[brisk surge]

Watch the Youtube video at the end it explains the entire process for you

[fair brook]

Bet , brb

[ancient elk]

Where can I find the Tokenomic Picture in our Group?? 😆

[brisk surge]

What do you mean by picture?

[ancient elk]

Today somebody posted here a picture where everything was written:D

[ancient elk]

Wohoo thank u 👍 👍

[clear cape]

That’s a scam website mate

Use offical links on the server to find the proper staking website. Be careful mate

[flat brook]

Make sure to revoke site permissions if you connected via metamask.

[earnest geode]

#🔗〕helpful-links message

[cunning perch]

Claiming rewards is your choice. You will not be forced to claim before/amidst/after the upgrade. You decide what works best for you

[flat brook]

Has anyone done the math to calculate the amount the staking pool would accrue if all lands sold at their suggested price?

[proud sigil]

Hey guys, need some help if possible. I have SLP staking with illuvium but it doesn't show up in my wallet.

[cyan rampart]

People have speculated on how much revenue distribution there could be from the land sale, but it's obviously just speculation. It depends on how much of the revenue is sILV and how much is ETH, which in itself depends on starting prices and the price of ILV at the time of the sale.

For that reason I don't read into speculation too much.

[cyan rampart]

!staking You staked your SLP tokens you obtained by providing liquidity on Sushiswap on the official website and they are not showing up?

[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

[proud sigil]

Thanks for the reply mate, appreciate your help.

I can see my SLP on the Illuvium website, however, I can't see it in my MetaMask wallet. I have the SLP token in my wallet but it reads as 0. Is this correct or did I fuck up somewhere? Has been like this for 2 weeks now. I can log in to Illuvium dashboard and see my SLP there staked, but, I can't see that I own SLP within my wallet.

Thanks!

[cyan rampart]

Yeah, when you staked your SLP you literally sent it to be locked in the smart contract, so it's no longer IN your wallet. It is, however, only accessible by YOUR wallet.

You haven't fucked up, that sounds normal.

[proud sigil]

Ok great thanks for the clarification, good to know I still own it 😉

Really really appreciate your reply, thank you so much.

[digital leaf]

Is there a staking calculator that takes into account not only rewards from the staking pools but incorporates potential RevDis into the calculation? I have used Lelahel's for the staking pools and watched Scoriox video about the revdis but is there a way to combine the two?

I want to forecast values for if I compound everything back in and never take anything out

[cyan rampart]

I'm fairly certain Lelahel's calc handles revdis.

[digital leaf]

Well I asked last night and the consensus seemed to be that it didn't as it was an unknown?

[wicked sail]

This is correct you're good, it won't be on in your metamask if it is in the pool earning rewards.

[cyan rampart]

I haven't played with it much, so I'm not sure what assumptions are made for revdis, but it's definitely included.

Obviously take any projections on revdis with a grain of salt, it's literally impossible to predict how much revenue there will actually be.

Hence all the scenarios.

[digital leaf]

Yes RevDis is def included but I assume that it is a simple calc that just shows you what your potential earnings might be for a particular balance and yield. I don't know, but I dont think it compounds it back into the mix, rather it assumes you will take it out each month. I know watching Scoriox video that compounding your revdis has a very significant effect on the outcome and so would be good to see it added on top of the normal staking compounds.

[cyan rampart]

Could be something Lelahel could integrate. From where I'm sitting, banking on the compounding effect of speculative revenue values gets kind of meaningless, but you are correct that in practice, compounding your revdis ILV will definitely matter. I'm just not sure sticking a number on it is gonna be super accurate with the level of incomplete information we're dealing with.

[flat brook]

It's like a total return swap I guess.

[cyan rampart]

It would definitely compound any error in the speculative values you input.

[flat brook]

A perennial modelling problem

[digital leaf]

Sure, understand we dont know the value but it should hopefully be significant 🤞 after all thats what most people are interested in I believe. Would just need a few boxes to let you put in some estimations, just like you do for the token price? @steady trellis

[keen burrow]

What is L1 and L2?

[delicate cloak]

Layer 1 and layer 2. Ethereum is layer 1. Immutable X and Polygon are layer 2s.

[versed vortex]

Hi! Can I buy ilv directly from binance then transfer to wallet?

[fading kettle]

I have SLP unlocking today, if I restake it for heavier weight, what transactions would be involved?

[modern comet]

what is redvis ?

[cyan rampart]

!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.

[cyan rampart]

Unstake (this would also trigger a Claim of one or both pools depending on whether you've claimed before), Stake. Could be as much as 4 txns if you're quick. If you aren't quick, you might have to claim again before staking.

[delicate plaza]

If you're quick? So if you claim rewards to withdraw and there's sometime between the withdraw actually completing it will try make you claim again?

[carmine drum]

Yes, just be sure to use the ERC 2.0 to transfer

[cyan rampart]

If enough rewards accrue between your "Unstake" claim and your "Stake" action, you would have to claim rewards again. I'm not completely clear on what the threshold is though.

I recently unstaked a Core ILV stake and restaked the SLP after swapping some of the ILV for ETH, and did not have to claim again, but my stake is only smol, so I had very few rewards between the unstake and the restake.

[delicate plaza]

Is there any option to discard the rewards if they are smaller than the gas fee?

[cyan rampart]

There will be in V2, but currently there is not.

For that matter, V2 won't make you claim rewards to unstake/restake.

[delicate plaza]

Gotcha. But it will make you claim rewards to migrate if I remember correctly

[cyan rampart]

Yeah, when you're clearing stuff out of V1 you'll have to claim rewards.

So unstaking/migrating if your stake is in V1 would still involve a claim, but any new stake would be made into V2, and therefore you wouldn't have to claim rewards.

Basically if your stuff is still locked in a V1 contract it will still have to play by the V1 rules, but once it is in the V2 contract, it plays by V2 rules.

[delicate plaza]

Sweet gotcha. thanks

[steady trellis]

Can you go to « advance calculation » sheet, and look at the revdis column, I’m not sure it goes into the calculation of the claiming timing and so on, don’t have access to the sheet right now, but you can have a look. If I did things well it’ll be added to everything, if not I’ll have to correct that 😋

It’s very difficult to setup because many possibilities between restaking all or part of the revdis, or cashing out, …

[radiant sorrel]

Hi fam, where can I learn more about current APY of diff pools?

[jovial root]

Illuvium.io

Any other site that says you can stake for 1000x or some shit is a scam

[pulsar cobalt]

Hello,
I am trying to claim rewards on the site. I have done this before, but this time I get an error message. "Error: Unknown Message"

What should I do?

[pulsar cobalt]

I tried again to claim ILV rewards, and I am still having the same issue

[jovial root]

Do you have ETH in your wallet for GAS.
Is your wallet connected and unlocked?

[pulsar cobalt]

I have .1585 ETH avaliable

Looking at my meta mask activity log. it says
"Transaction created with a value of 0 ETH at 19:38 on 12/20/2021"

[nova marsh]

Would 3k be a worthwhile start for staking? I am thinking of doing the SLP pool but I want to get a decent amount of funds in there but those are the only expendable funds I have at the current moment

[jovial root]

In my opinion, with current APY, yes.
NFA

[jovial root]

That is definitely enough ETH for GAS.
Have you tried restarting computer?

[mighty bolt]

Can we now add to our stake without claiming?

[nova marsh]

Appreciate ya;)

[jovial root]

In V2 that should be possible. But at the moment when you go to add to your stake, it will require it to claim as part of the process

[mighty bolt]

Wait I have pay to upgrade? Dang I’m behind when does this go into effect

[jovial root]

In about 2-3 weeks. They still getting it audited for safety etc.

There are lots of great videos explaining the process

[mighty bolt]

Man this is getting confusing

[jovial root]

Well you are participating in a game that is at the forefront of Gamefi technology... and crypto itself is a technically challenging concept for most.

BUT there are some really simple pictures and videos to help explain the process.

But basically you upgrade your pools to allow the new V2 pool to read your V1 stake. This will then allow cheaper and easier staking and claiming for all transactions in the future

[mighty bolt]

Thank you

[jovial root]

Check out the PINNED messages for more info

[pulsar cobalt]

I restarted my computer and tried again, but still running into the same error

[jovial root]

Ok, going to need to get a Mod involved to try and track it for you.

Please wait until 1 is available.
Also ignore ALL DMs of people trying to help you. They are scams

@eager rover hey mate, any chance you could give @pulsar cobalt a hand to solve his problem

[pulsar cobalt]

ya, People been trying to DM me, but I'm not trusting anything outside this channel

[eager rover]

sure you can DM me

[jovial root]

DM Sheep and see how you go. Sorry I couldn't help more

[pulsar cobalt]

issue is resolved, thank you

[jovial root]

Awesome to hear!!

[analog oyster]

Hey guys do we know when stalking v2 goes live?

[atomic lagoon]

probably a few days after new year based on the latest interview between Aaron and Vetemor.

[analog oyster]

Amazing, thanks

[atomic lagoon]

when you have no money and nothing to stake or claim

[versed coral]

I claimed yesterday at 33 gas. Still happy about that

My very first sILV at that

[jovial root]

Even with low gas... still costing me like $180 to do the double pool claim

[slender hound]

Hey guys. Do you know if I can claim the rewards? I thought it's locked for 1 year but the button is clickable and prompts metamask too.

[sacred cosmos]

yes! You claim the rewards so that the 1 year vesting period would start and you get compounded interest

[shy fable]

Is there an update on V2 timing?

[jovial root]

Early January

[harsh idol]

whats the apy on the stake ?

[cunning perch]

You can always connect your wallet to the staking website and check it out. Don't have access to my wallet or I would have told you.

[harsh idol]

Got it

might be a dumb question I haven’t been really readin up on the project but there is future use for the coin right. Like in the game?

[hot lynx]

Zup

[cunning perch]

Not for ILV. YOu can use ETH or sILV in the game(s)

!read

[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

[uneven flare]

Kieran said that they’re talking on switching balancer pool from sushi. What would change?

[cunning perch]

Nothing should change and it is still not certain info that it's possible. Gotta have to wait for more info

[hot lynx]

Hey mate Zup

[hot lynx]

Bet your super happy your lira is in Crypto 👍🏻👍🏻

[cunning perch]

Hey. Doesn't matter tbh. It goes up and then down. cash is trash in whatever currency tbh.

[hot lynx]

I mean it's good for you right

[cunning perch]

Yeah sure. Holding a superior currency is always better. But this is off-topic here 🙂

[hot lynx]

I bet your glad you #🥩〕staking ILV rather than holding lira or USD in a bank .. on the topic 👍🏻

[cunning perch]

No regrets 🙂

[hot lynx]

Ofc Habib

[cunning perch]

That's Arabic 🙂

[uneven flare]

Is there any chance that SLP does not provide yield rewards anymore? Kind of concerned… xd

[cunning perch]

SLP will always provide Yield until YF ends. Even after then, if you keep it staked, the ILV part of it will continue to receive RevDis.

[kindred moth]

i heard there will be a short period before v2 where we do not get rewards. This period is supposed to be compensated somehow. Was there any word on what the compensation will be? Hoping for Illuvitars 😄

[ruby drift]

Is there a minimum requirement of rewards available before you can claim the rewards? I keep getting an error when trying to claim slp rewards. There's a good amount of ILV in SLP pool, only .05 in the ILV pool

Keep getting an error saying Invalid Session on trust wallet. Trust Wallet help says its an issue with the DApp.

[brisk surge]

I would say you want your rewards you are claiming to be a lot more than your actual fee anything else wouldn't make any sense to claim.

[ruby drift]

It's over 7 ilv on slp pool. I just can't figure out why I'm getting this error message

[brisk surge]

Did you try refreshing the website, closing your browser, and reconnecting to your wallet on the site?

[ruby drift]

Yes sir. I even cleared the cache for both browser and trust wallet. I tried to do it on my computer too but when I claim it just grey's out the claim ilv/silv buttons and does nothing (probably because trust wallet isn't pc compatible).

[brisk surge]

What browser are you using?

[ruby drift]

Chrome

[brisk surge]

I doubt Chrome would be the issue but you could always try using Firefox and see if you still get the same issue.

[ruby drift]

I'll try that. I wonder if I'm able to use metamask instead of trust wallet. I'm new to using these wallets.

I think it's a twist wallet issue though because I don't get the error until after I enter my password on TW when trying to claim

[brisk surge]

You could try that https://adaascapital.com/how-to-import-trust-wallet-to-metamask/

If trying a different browser doesn't work then switching to MetaMask should.

[ruby drift]

OK. I will see what I can do. Thank you for your assistance. Wish me luck!

[lethal plinth]

Or why not try the Metamask web

[drowsy wigeon]

will i be forced to claim my pending rewards on v1 when v2 kicks in?

[atomic lagoon]

you won't be force to claim when you upgrade. but might need to claim if u migrate.

[neat stump]

when is v2 going live?

[cunning perch]

In January. Date unknown

[wicked sail]

Will it be before the land sale?

[atomic lagoon]

most likely given land sales might be only around mid Jan.

[wicked sail]

Word I want to make sure I claim ILV before the land sale 😄

[normal tundra]

Is there a way to figure out how many rewards I’d receive between now and January to decide if I want to stake now or not? Would I use one of the figures in the calculators here?

[delicate cloak]

Lelahel's pinned one should help

[normal tundra]

Thank you! Would I just use the daily rewards estimate and multiply that ?

[delicate cloak]

The total rewards distributed from the staking contract decrease by 3% every 2 weeks. But for calculating a ballpark, I think that would suffice. There probably won't be major changes to the pool size in just a month. Just expect it to be a little less than your calculations.

[normal tundra]

Ok great! I’ll try figure it out ☺️ thank you so much

[delicate cloak]

No worries, just post again if you have questions. NFA, but basically if you're doing the ILV only pool and it's <10k, prob worth just waiting. If you're doing SLP with 10k+, probably worth it. Might even be worth it with less. I am just guesstimating from my own rewards and not used a calculator. And obviously not financial advice 🙂

[chrome kelp]

Hey guys, does anyone know if selecting a claim in the rewards tab will impose the choice on all my stakes or is the choice per individual stake?

[delicate cloak]

Currently you can claim in all sILV or ILV. And it claims all pending rewards iirc

[chrome kelp]

Yes I see those choices but I was wondering if one stake could have a different reward than another?

[delicate cloak]

They stack together once they're in the same pool

[chrome kelp]

ah ok, sry I should have said I have some in the ILV pool and some in LP

looking to get ILV reward from ILV pool and sILV reward from LP pool

[delicate cloak]

When you claim LP, it triggers a claim from the ILV only as well.

[normal tundra]

I think I have around 1.6 SLP I was thinking of staking. I’ll do some calculations later when I get home and see. Thanks for your help!

[delicate cloak]

I'm gonna ballpark 2.5ILV in a month. But don't hold me to it! Lol

[delicate cloak]

Also Vetemor's calculator is useful for gas calculations. Not sure how familiar you are with Eth mainnet, but there's off peak times of day where it's cheaper gas. There's a few gas tracker websites which show it on a graph so you can figure out an optimal time for your local time zone.

[normal tundra]

Ok I’ll check that out too 👍 I am newer to all of this so it all helps! Thank you!

[storm crescent]

If i claim my SILV,can i send it straight into my metamask and sell it on sushi or is it vested as well?

[delicate cloak]

sILV is immediately liquid

[storm crescent]

Thanks a ton mate!

[delicate cloak]

No worries. Keep in mind there's a pool on Uni but it trades for less than half the price of ILV

[verbal egret]

Does anybody has also this problem on TrustWallet? The selection wont work it just flickers shortly

I want to upload video

[jovial root]

Guys don't click links. You dont know if above link is virus

[grizzled axle]

Hello. Havent checked our discord for a while, any updates on V2?

[hot lynx]

My wife we had a baby daughter today 21/12/22 also off topic 😂

[cunning perch]

congratulation 🙂 That is a very nice date to have a baby girl on .

[cunning perch]

please describe the problem you are having and refrain from sending links in public channels.

[hot lynx]

Yes thank you 👍🏻

[cunning perch]

Link deleted

[cunning perch]

No new updates

[keen sequoia]

hey guys, does the website is having problems loading metamask right now ?

nevermind, it works now!

[quaint cradle]

Hi all! I'm currently staking ILV selecting the flexible option. If I want to lock up my stake is there a simpler way of doing so other than withdrawing the SLP tokens and then re-staking them choosing the locked option? Thanks!

[verbal egret]

Im not a scammer but you can't know for sure you are right

[atomic lagoon]

if you are in flexible option, you will need to withdraw and restake with at least 1 month lock when v2 comes anyway. I would recommend you wait for v2, withdraw and restake in V2. that would save you a lot in gas.

[cunning perch]

No one said you are. But please don't share links. No one should. Describe the issue and we will try to help you fix it

[quaint cradle]

Ok thanks! Will everyone who is currently staking now have to withdraw and re-stake when V2 comes?

[atomic lagoon]

everyone who stake as flexible. not the ones who locked.

[quaint cradle]

Understood. Thanks again. Do we know how far away V2 is?

[atomic lagoon]

I am guessing first week of Jan based on the latest Aaron's interview.

[verbal egret]

I understand. The problem is that nothing shows up in my wallet. I choose "Connect Wallet" equally where and nothing shows up. Just a very quick popup

[quaint cradle]

Ok, so we're talking "weeks" probably, not "months" it seems. Grateful for the info!

[cunning perch]

Try using "Wallet Connect" and choose TW there. If that doesn't work, you might need to update your wallet/browser.

[quaint cradle]

But if I have to withdraw and restake anyway come V2, and pay gas, etc, why not do it now anyway, and enjoy the higher APR? 🙂

[verbal egret]

What you mean with Wallet Connect?

[quaint cradle]

By the way, I assume admins don't DM here?

[atomic lagoon]

then you will need to upgrade to v2 which will cost you gas.

[atomic lagoon]

admins don't DM and I won't DM too.. all DMs are scam.

[cunning perch]

Wallet Connect

[quaint cradle]

Hmmm since it's probably a few weeks away might wait. Thanks again.

[atomic lagoon]

If you think the reward u gets in 2 weeks would out weigh the gas, you can always go for it. 🙂 NFA

[quaint cradle]

I've got a DM from you and a DM from Arash going on at the same time. LOL. Sheeeesh

[cunning perch]

scammers everywhere

[atomic lagoon]

Please copy the ID and report in #🚨❗〕report-scammers 🙂

[cunning perch]

like they are competing. Idiots

[quaint cradle]

Ok, reporting both.

Sorry for another question. I don't see how to update to V2 now. I do see that I can withdraw the flexible SLP tokens and then restake them as "locked." (Of course for gas each way). Is this the way to do it?

[atomic lagoon]

the upgrade to v2 is not out yet. so you won't see it now.
that's the way. withdraw, restake, system will ask you to claim whatever reward you have in SLP pool.

[quaint cradle]

Ok got it! And when V2 comes, if I am then locked with the SLP tokens I don't have to do anything?

[atomic lagoon]

when v2 comes, you will need to upgrade the SLP pool once. that's all.

[quaint cradle]

Thanks again!

[atomic lagoon]

There will be 2 weeks of no yield when v2 comes. so don't worry if u see yield not increasing when v2 comes. They will give a bonus to compensate for 2 weeks (no detail what the bonus will be yet).

[quaint cradle]

Fairly easy and gas not too crazy - all done. Have withdrawn SLP from flexible, claimed all ILV from both pools, which are now vesting, and staked the SLP into locked. Thanks again for all the help!

[verbal egret]

Thank you that worked for me as a workaround 👍

[cunning perch]

Glad it did. 🙂 (watch out for DMs. Scammers are everywhere)

[verbal egret]

One was writing me while I asked here, they time it perfectly

I laughed at him and reported 😄

[cunning perch]

well done

[verbal egret]

He/She used an accent on his name

[wraith charm]

when V2 staking? end of year or now in January? Thanks!

[cunning perch]

January

[tame inlet]

if you have rewards pending from V1 before V2 and claim them after V2 will they be locked up for 2 years?

[cunning perch]

Nothing will be locked for 2 years. Ever.

[tame inlet]

Ok. That's because I staked pre V2, correct?

or did they do away with the original 2 yr lock up plan?

[cunning perch]

No. doesn't matter when you stake. Nothing will be locked for 2 years. Max locking is 1 year and ILV rewards will also be locked for 1 year after you claim them whether on V1 or V2.

[tame inlet]

Ok. cool. Thanks.

[slender hound]

Hi Arash, how do i figure out when YF ends?

[cunning perch]

YF will end in July 1st 2024, but staking (for RevDis) is everlasting.

[slender hound]

Thank you. and also wanted to confirm, if i just let the rewards sit and not claim it, it does not earn compounded interest right?

[cunning perch]

yep. "pending rewards"don't do anything and don't receive anything. You gotta claim.

and watch out for DMs cuz all are scams

[slender hound]

yes, I have received a lot from Arush and Arosh 😄

[cunning perch]

make sure you report them.

[cobalt dew]

Hello. Does anyone know how many ILV/mounth a 80k LP worth can get with curently apr? Is there a calculator or something?

[untold mantle]

When V2 comes, do we need to withdraw tokens and restake? or it's all done autoamtically?

[cobalt dew]

Are ilvs going to unlock when V2 hits? I mean, I have some ilv in farm and want to make lps. Is it possible with V2?

[fast wraith]

What exactly do I need to select in order to stake ILV and get sILV? For „rewards“ and then „core pools“? There it says at the end in the overview only that you get ILV as rewards and not sILV.

[jovial root]

Do you have any ILV staked at the moment?

[fast wraith]

Not yet

[jovial root]

How much are you planning to Invest/Stake?

Because this may determine which option is best for you

[fast wraith]

I'm not sure yet. I would only be interested to know where exactly I have to stack to get sILV.

[jovial root]

Ok, so if you want to Stake ILV now to get sILV to use in less than 1 month for Landsale... it may not be worth it. Because you would need to stake about $5k+ worth and pay $300+ in GAS fees just to earn 1sILV in that time. And 1x sILV wont buy you land.

You would be better to just buy sILV from Uniswap.

However if you want to Stake ILV for the long term (2-3 years) So that it keeps earning you sILV for you to use in game during the next couple of years... then it can be beneficial to Stake around $2k

However if you want to buy Land, to play Illuvium Zero, and use that to generate fuel for you to use in the Illuvium Main... then you may be better trying to buy 4x sILV from Uniswap for around $1400 and that should get you a T1 land during the Auction

Not financial advice- just my own opinion and understanding

[fast wraith]

Thanks a lot for the answer! 👍🏼

[jovial root]

Welcome. It probably seems complicated, but that is because the game and investment methods are intended to suit a lot of different people with different goals.

And well the Tokenomics and Revenue Distribution model is ground breaking for the community.

[fast wraith]

I got you. 👍🏼

[flat brook]

Thanks for this! Is there any risk for only getting 4x sILV? Or is that the starting auction price for T1 lands?

[jovial root]

Always risk. But 4xsILV is equal to purchasing power of 1xETH
Most people are expecting T1 to sell for a price between 0.5-1 ETH.

So personally I feel 4xsILV is a good holding amount.
And just watch the Auctions to try and find the bargains.
Remember its 3 days of sales.

Maybe you will get lucky and buy your first land for only 2xsILV, and can try and get a 2nd one

[finite saffron]

How much ilv should you stake so that its worth paying the gas fees?

[delicate plaza]

There is a calculator pinned

[young wave]

I read through what I could find in this thread and the internet but I could not find the answer to a question. I am currently staking with the SLP tokens and this is locked until January, but I will restake it for maximum amount of time.

For the past 5 months I have been collecting my rewards and starting the vesting "calendar". Thinking that this was a smart way to do it. However, now I think I am wrong.

1. If I don't collect my rewards, are my rewards effectively compounding with my originally staked amount and therefore creating even more rewards?
2. Are my vesting rewards earning anything extra like a percentage or compounding or just sitting there waiting for the vesting time period to pass?

Thank you

[jovial root]

Unclaimed rewards earn nothing.
Claimed/Vesting rewards are added to the ILV pool, which gain rewards at 35% APY

[young wave]

Thank you so much for the clarification. I truly appreciate it.

[jovial root]

Claimed/Vesting rewards are also eligible for Revenue Distribution.

And the 12 month Vesting period starts from the date you claim them.
So if you Staked for 6 months, and o ly claimed at the end of the 6 months, you would still need to wait 12 months for the rewards to vest

[young wave]

Thank you. I understood this actually. About the added one year for vesting from the moment I claimed. I all of a sudden had doubts but you answered them well and thank you again.

[jovial root]

My pleasure.
And good on you for being early enough to be having these problems 😄
Most people are just Wen Freebies haha

[ornate kiln]

Quick question, When will staking v.2 start? In next week, two or next month or few months away, any conceptual timing? Reason, I need to restake, but unsure if to wait or just stake today.

[atomic lagoon]

most likely in the 1st week of Jan based on the latest Aaron's interview.

[nova marsh]

should i wait for v2 or just stake now

[limber stirrup]

I would do everything in my power to do the right thing

[atomic lagoon]

if the reward you gain in about 2 weeks out weigh the gas fee of upgrading, then you can stake now. if not, you should wait.

[nova marsh]

Well what would the base amount be to negate the gas fee of upgrading

[atomic lagoon]

I would say about $150+ in reward at least. just my guess.
if you are staking less than $3000 amount, then I would wait.. NFA

[nova marsh]

I was thinking of staying almost exactly 3 grand

I may just wait for the holidays to pass however and then sort out my staking situation. I would appreciate any help I could get getting into the SLP pool. Is the best way tj acquire ILV through uniswap for someone based in the us.

[atomic lagoon]

you can try crypto.com and KuCoin

[uneven cobalt]

Me too

Which staking gives the best return?

[atomic lagoon]

In terms of APY, SLP is about 10 times higher so obviously SLP. But SLP is subject to impermanent loss and you get revDis only on the ILV portions of SLP.
So the decision is yours. NFA. 🙂

[uneven cobalt]

Should do both?

[atomic lagoon]

Personally, I do 70% SLP and 30% ILV. again this is just me. NFA.

[young harness]

Hi, I currently have 181.63 USD (.16 ILV) in rewards from staking, is that too little to claim? I'm worried about gas fees.

[atomic lagoon]

yes. better to claim around when gas is 1% -5% of your reward. IMO, I would wait till around 1.5ILV or more to claim.

[young harness]

Thank you for the advice!

[queen garden]

hey friends. anyone claimed recently? i really need to claim my rewards since i didnt due to gas fees for a really long time. does anyone know how much it costs atm? i can only see the first transaction when clicking on claim rewards for SLP which was around 75 dollars yesterday. appreciate!

[cunning perch]

For SLP should be around $150 in total then. Give or take. Maybe more maybe less

[queen garden]

wow.. 🤯

[atomic lagoon]

gwei is around 40 which is not bad. but I know @cunning perch only claims at gwei 20 😛

[queen garden]

thanks for the answer mates

does this happen sometimes? 20 gwei?

[cunning perch]

Haha. Yeah I only claim in the absolute lowest as possible 🙂

[cunning perch]

Very unluckily. Been months since I saw 25 GWEI and it happened a week ago again.

[queen garden]

ah okay 🙂 it says first transaction is 70 dollar with 40 gwei

since 80% of my rewardsa are in SLP. is it possible to only claim the SLP?

[cunning perch]

Not on V1. Claiming SLP rewards will force you to claim both pools. V2 had fixed this

[queen grove]

Why claim now anyway? V2 is so close man. It's not worth it.

[queen garden]

V2 is not saving me fees is it?

[queen grove]

I understand it drastically reduces the gas price. Arash can confirm

[cunning perch]

V2 and claiming are irrelevant. You can always claim if you have enough rewards that justify gas. If not, that can wait to upgrade first and then claim. But it won’t be a forced claim of different pools.

[queen grove]

Unless you are claiming such an amazing amount of ILV that your claimed ILV will produce the equivalent of the $70 gas fee in the next three weeks, it's not worth it.

[queen garden]

Okay cool. I mean i am far from a whale. I got like 6 ILV rewards. Which is much for me but 150$ still does give me harsh feelings since the first transaction shows me 75$ fees

[cunning perch]

I would only claim now if I had more than $10k in my rewards in total. If not, i would wait for V2. But that is me and my opinion.

[queen grove]

And I've had the experience that the first gas fee is from the ILV pool and is actually less than the gas fee to claim from the SLP pool.

[cunning perch]

Yes claiming SLP rewards is more complex hence more expensive.

[queen garden]

Alright. I am gonna wait the 3 weeks then 😄 Just to be sure. I dont need to claim all rewards gathered during v1 to start claiming with v2?

[cunning perch]

When you upgrade to V2, (after you pay the gas to upgrade), you will claim all pools in 1 TX. There is a V2 leak in #🚰〕leaks

[queen garden]

lovely mate. then i will just wait!

[wanton nova]

Hey, is it like this? Because if so that's great and I misunderstood how it works. I thought the claim all pools in 1 TX only works for staked ILV that was migrated (not just upgradet) and that it is not possible yet to migrate ILV thats time-locked.

So all upgraded ILV will have the benefit of improved claiming? If thats the case what does migrating do?

[cunning perch]

No when you upgrade you get whatever V2 offers. Upgrade is a MUST. Migrate is not necessary and is only your choice.

[cunning perch]

Upgrade is pool-based not stake/claim-based. So in whichever pool how many ever times you have “deposited”, you will upgrade that pool only once. So if you have only deposited in SLP, the you upgrade only once. If you have deposited in both pools, then u upgrade maximum 2 times.

[wanton nova]

I still don't quite get what migrating does but I'm happy that my upgraded time-locked pools will have V2 benefits. Thanks 👍

[cunning perch]

Upgrade = a permission to read your V1 stakes as if they are staked on V2 (gotta do it)

Migration = physically moving V1 stakes to V2 (you don’t have to do it)

[frigid remnant]

I am staking ILV on V1 with weightage of 1. Just trying to decide the best course of action

1. If I do nothing now, I will have to upgrade (which cost gas) when V2 is live, but that will also require a lock of 2 years.
2. Separately, if I withdraw now and stake in V1 (both of which cost gas) with a weightage of 2, I still have to upgrade (which again cost gas) to V2 but the weightage will only be 1 years instead of 2 years.
3. Also, I have claimed some ILV rewards, which are currently vested in V1 with weightage of 2. Will each one of them require an upgrade or is it a mass upgrade?

[cunning perch]

If you are staking flexibly, you have to withdraw and re-stake (and claim rewards) with or without V2 cuz flexible satakes will be rendered obsolete when V2 is out.

Nothing will be locked for 2 years. Max weight (2X) require you to lock for 1 year. If you do it now, you will have to upgrade. If you do it on V2, you don't have to upgrade.

[onyx topaz]

Where did people get the 2 year lock from

[frigid remnant]

Oh I see. I was probably writing based on old information. I had the impression that the V2 lock will be 2 years if I try to stake in V2 based on discussions sometime back. Apologies for not catching up but there's a lot of discussion since a few months back.

So if I read you correctly, V2 is still 1 year for the max weight. So if that's the case, then my course of action will be

1. Do nothing and wait until V2 is out, I withdraw, claim rewards and restake. Max weightage for 2 with 1 year lock. No need to upgrade.

2. I withdraw, claim rewards and restake now with max weightage for 1 year lock. Then upgrade when V2 is live.

So the difference is Option 1 I can save an upgrade cost and Option 2 I start the 1 year lock earlier.

[cunning perch]

Initially in the first proposal people were required to lock for 2 years to get 2X weight

[cunning perch]

No worries

1. Yep.

2. Yep.

And yep. you can go with either. Upgrading shouldn't be very costly as it is min 1 and max two times if you are staked in both pools. But you can now decide which decision works best for you.

[frigid remnant]

Yup, that's right.

[frigid remnant]

Thanks much for the clarity!

[cunning perch]

anytime my friend 🙂

[runic spoke]

My biggest concern about getting into staking ilv is the gas fee's,
can this be solved with layer2 at some point or will it be like that for aslong its build on eth?
tried to google gas fee's for add/remove LP it said about 25$ sounds cheaper then i expected(thought it would be more like 100$)
or is this becuse i need to do multiple transactions? Thanks

[cunning perch]

V2 is going to be gas-friendly, and V3 will be on L2.

No dates for either, but V2 will be in 2-3 weeks

[runic spoke]

oh thats awesome

do you have a guess at what the price would be with v2?

[cunning perch]

Price of the token or gas? cuz neither is certain.

[runic spoke]

the gas, just what area it could be in if i want to stake my ilv, should i expect it to cost 300$ or 50$ havent used eth for awhile sorry

[cunning perch]

It's pretty low atm. Hasn't been around 20-40 for months.

I would put like at least $100-200 for gas on the side (for lots of purposes like staking/claiming/withdrawing/transferring/approving...)

[runic spoke]

i see, thanks for your time sir

[chrome kelp]

what's the minimum to be able to claim? I have 0.0016 in pending reward and the claim buttons are greyed out.

[cunning perch]

Probably when Gas is not more than the value of the reward.

[cobalt dew]

Hello. Does anyone know if when v2 hits, all ilvs are going to unlock? I have some in farm and want to swap half to eth and make lps. Is it possible?

[cunning perch]

V2 is pool-based not token-based. Therefore, what is locked will remain locked until it is unlocked.

[cobalt dew]

thanks

[quiet vortex]

I can't connect my metamask through the computer to the ILV (platform) while the cell phone connects normally, what could be happening? @cunning perch

[cunning perch]

Make sure your browser (the one with MM extension) is updated, cache cleared. If it didn't work, change the browser

Also watch out for DMs. They are scams

[quiet vortex]

@cunning perch thanks

[storm karma]

Open for suggestion, I have staked before for 4 months I think and I can now withdraw it, the problem is the gas fee would eat up the rewards, also have another stake that is still currently locked, don’t know what to with the reward, is there any other way? My staking would be nonsense because of the gas fee

[mystic thorn]

There is no way around the gas fees sadly. What I would suggest doing is late at night on the weekends the gas is usually extremly low so you could wait til then to pull out the rewards

[storm karma]

😦 how bout if I withdraw it using sLIV? (In game currency) should I still pay the gas fee?

[mystic thorn]

Yes you will still have to pay the gas fee sadly ☹️

[delicate cloak]

I think it is a lower gas fee though as it doesn't restake it to compound

[mystic thorn]

If you want you can then sell that sILV immediately for more eth for your next staking transaction

[storm karma]

Haven’t read yet the staking v2 but when it comes out it doesn’t do anything with the current setup? We should still pay for the gas fee?

[mystic thorn]

What do you mean when you say “setup”? The layout of the website will be different and you have the option to upgrade from v1 to v2 And the gas fees will be less then they were before

[storm karma]

So you mean I could wait for the v2 then upgrade what I have in vested? That way it could lower the gas fee

[storm karma]

Hope so, I’m not on my computer so I can’t check

[cloud quiver]

Do you all think it’s still worth staking about another significant amount in SLP and locking for 1 year? I first staked in august a significant amount and will be staking more or less the same amount . Or are SLP rewards expected to dramatically decrease come March?

[cunning perch]

No one can tell what will happen in the future or if there will be a drastic price drop or not. The ones staking in SLP should already accept all the risks that come with it. If you have staked a major amount in SLP you should already be in a lot of gain. Staking from now on is whether you believe in YF or RevDis. Either has uts own benefit and depends on which you wanna bet on.

[cyan rampart]

There's no doubt in my mind that SLP rewards will continue to decrease over time, that's baked right in. I think the start of the token unlock schedule will accelerate that, but I don't think the APY is gonna fall off a cliff in March. I'm anticipating 3-6 months after unlock starts, the APY will be fairly impacted by freshly unlocked ILV being pumped into the SLP. NFA ofc 😛

[coral pike]

So will there become a time were the ILV core pool is better due to spending the eth on more ILV for revdis ?

[cyan rampart]

I won't speculate on stuff like revenue, it's way too unpredictable, and that statement relies entirely on some projection of what revenue could be.

[coral pike]

i am asking more general will APY drop to a point where is no longer relevant

[cyan rampart]

It's certainly possible that at some point before the end of YF, the ILV Core Pool could outperform the SLP.

[cyan rampart]

That depends on what is relevant to you. The APY should always be substantially higher than anything a traditional investment would offer, but I don't think it will be triple digits forever.

[coral pike]

Well its not something i have to worry about till next November 😆

[cunning perch]

@cyan rampart I thought for a sec you were talking to yourself 😄 the pfps of both of you are so dark

[cyan rampart]

I'm fairly unconcerned about it TBH - the APY will drop, but we'll start getting revdis. If the game is a smash hit, we'll exceed the profitability of YF rewards with revdis alone. I think anyone invested knows that everything hinges on the success of the game.

[coral pike]

https://tenor.com/view/hehehehehealloo-gif-23984201

[delicate cloak]

I would assume we don't see crazy RevDis in the first 12 months after launch due to sILV usage. I think we will still see some but it'll be limited by that.

But after that, all bets are off. I think it'll be a hard pick between SLP or ILV only for staking.

[cyan rampart]

I think it'll be less than 12 months before sILV is dry. Human nature is to use it if you got it 😛

[cunning perch]

most likely, but the fact that all the important stuff should be run through the market and Fuel is not pegged to $ can have an effect on the number of ETH trades.

[delicate cloak]

"smoke 'em if you got 'em"! Lol. That is a great point though. So many variables!

[coral pike]

i am not ether when it unlocks in November i see what the reality of the situation and the forecast is there not going to waste brainpower on it till then ether way I amwith Illuvium and ILV for the long term

[cyan rampart]

brb, going to the store xD Smoked em all

[stiff thicket]

quick question: if I stake ilv through the website is it locked?

[crimson spindle]

Hey @cunning perch thanks for all the help on the various questions. My question: I read in the IIP that you must be vested for 1 month in the flexible pool to be eligible for any rev dis on those allocations. Will V2 recognize your time vested in the flexible core pool?

[cyan rampart]

You choose whether you lock it or not. You can stake flexibly with no lock, or with up to a 12 month lock, which gives your tokens a higher weighting with regards to rewards you'll get. A 12 month lock cooresponds to double rewards when compared to a flexible stake.

[cunning perch]

Hey. Sure. When you stake and lock for 1 month you get a weight. V2 will read that weight. So if you stake for 1 month now or later, after the upgrade, you will get RevDis and Yield. You have got to lock at least lock for 1 month.

[crimson spindle]

so I did not lock many of my core pool flexible stakes, however, they were staked many months ago. will those be eligible for rev dis?

[cunning perch]

Nope. As long as they are staked Flexibly, they will be considered flexible. And since Flexible stakes will be rendered obsolete by V2, you won't get anything when V2 is out regardless of when you staked them in the Protocol. 🙂

[crimson spindle]

yikes

so i will essentially miss out on all land sale rev dis even if i lock now?

[frank crest]

Ah, right Arash. In similar situation to Lizo: I've got some of mine becoming flexible next week after finishing an initial 6 month lock. Does it make sense to relock them before upgrading and migrating?

[cunning perch]

No you will get it as long as you have locked for at least one month before land happens. You can do it even now (not now. When gas is cheaper) and then upgrade to V2 when it's out.

[crimson spindle]

so i would need to cash out all flexible stakes and restake for 1 month to be eligible for rev dis?

[cunning perch]

if you want more weight, you have 2 options:

1. let them sit there. When V2 is out, upgrade your pools, withdraw, and restake and lock for longer durations to have more weight.

2. withdraw before V2, and then restake on V2 and not pay for upgrade gas. But this will not be gas friendly if your stake is small.

and if you are happy with your weight, you can weight for V2 and migrate your tokens to V2 without having to withdraw them.

[cunning perch]

yep. V2 will read the weight. Fledxible pool is Bye Bye

[frank crest]

Thanks, relock makes sense for RevDis. Not too worried about the weighting on these.

[cunning perch]

well that's def a decision you can make 🙂

[opal tulip]

See it this way.
sILV is like revenue already priced in. Unknowingly.
Minted sILV will automatically reduce the max supply of ILV. This will bring down the diluted mCap, making ILV worth procuring for future investors. MCap down will mean token is cheaper and if it is deemed cheaper than its book value, investors will buy it.

RevDis from ETH will be a direct price action on the ILV. ILV will be bought up and distribute to the stakers. It is up to the stakers if they want to liquidate it or add on to their stakes or provide more liquidity to capture future volatilities.

That said, timing a revDis is important as there should be a reward cycle effect of buying up and selling down but it will not breach the original floor before the revDis.

To add on, the reward cycle imo is beneficial to liquidity providers as it will incur more volume through the pool. This translates to more income for the LP

[stiff thicket]

guys the flexible staking, is there a waiting period when I pull it out, and whats apy

[delicate plaza]

I just realized - once yield rewards end in 2024-5 or whenever - sILV will technically slowly cease to exist as it can't be minted anymore?

[delicate plaza]

No waiting period

[cunning perch]

By V2, Flexible staking will be revoked (2-3 weeks)

[cunning perch]

There might be a proposal to let you claim RevDis as sILV. So things might change

[verbal heron]

https://gfycat.com/glitteringgrimyamericanbittern

[delicate plaza]

Ah makes sense. There's no lock period for RevDis is there?

[cunning perch]

Nope. Free will

[scenic leaf]

Hello, I just staked some Eth to the Illuvium pool (very excited about this game btw!!). I am wondering what it means for 24 days until farming ends. Does this mean I will recieve some Illuvium tokens by that time?

[delicate cloak]

Sorry if you just "staked" ETH, you were most likely scammed. You can only stake ILV or SLP (Sushi token with ILV/ETH combo)

[mystic thorn]

there is a scam going around saying you can now stake ETH for 1,000% APY if you have done this i am sorry but you have been scammed most likely

[scenic leaf]

Bummer...it does look like I was scammed. Thank you everyone...only lost about $150 so not the biggest of losses.....

Still very excited for this game of course! haha

[scenic leaf]

Do I need to worry about how my wallet is now connected to this site at all? I don't think I do, however I would like to make sure. Never fallen for a scam like this before

[mystic thorn]

well did it tell you to type in your 12 word phrase. If it did your wallet may be compromised. If not, then you should be fine

[scenic leaf]

Certainly not...I also use cold storage. So thanks haha just wanted to make sure

[jovial root]

Be sure to remove the comnection/permissions for that site in your wallet

[scenic leaf]

just did that! thanks

[scenic leaf]

Do I have to worry about anything else? someone is telling me that as long as I signed the first transaction, that means they have the power to spend more eth of mine. However, after disconnecting my wallet and having cold storage I don't believe that is true.\

[jovial root]

Ummm I have heard that there are some smart contracts that give them the power to do other stuff with your wallet.
But I don't know how accurate that is

[scenic leaf]

interesting...that is hard to believe. I believe a private key is required to create a signature. Even after giving them my signature they cannot then find my private key to make further signatures for further transactions. That would defeat the whole purpose haha

[jovial root]

Yes I agree with this.
And maybe the stories online are just people who don't want to admit they were stupid enough to give out Seed phrase

[scenic leaf]

Ya, I will believe it when I see it. I can't even make a transaction on my own pc with wallet without grabbing my hardware wallet. Hard to imagine someone could design a contract to send funds from my account with out the signature from my hardware wallet either

Still unclear how to actually stake ILV though haha

[scenic leaf]

Perhaps there is a way to check this: https://metamask.zendesk.com/hc/en-us/articles/360052511372-I-ve-been-Hacked-Scammed-Unauthorized-transactions-on-my-Account-. I used the allowances checker on this site, and I noticed decentraland had unlimtied acces to my MANA. Curious

[delicate cloak]

Etherscan also has a token approval checker and let's you check what sites you're connected to. You can remove permissions that way too. In theory, you should be good then. But I'm not familiar with all the ways scammers work their scams.

There's a few of the content creators do staking videos. I know Volkin does one for sure. It all goes through staking.illuvium.io just so you make sure you have the proper url

[scenic leaf]

how do i use etherscan to check what sites im connected to? metamask has the same capability, and I am only connected now to things i recognize

[delicate cloak]

Search etherscan token approval checker and should pop up. Or maybe even on the menu of the main etherscan page

[delicate cloak]

It's through the etherscan website I'm just on mobile now to try find the link. But it's easy to find.

[scenic leaf]

found it. thanks

[scenic leaf]

i got on it, and next to "connected to web3" it says $39.82 at risk. What does this mean?

[delicate cloak]

Honestly I'm not sure. I only learned of the tool recently and thought it was cool but haven't had anything like that

[scenic leaf]

haha sounds good. It is a very nice tool. Thank you

[delicate cloak]

No prob. I can't even remember what it said when I checked my wallet as it wasn't anyway alarming for me, just seemed "normal".

[cunning perch]

@scenic leaf if someone with my name or any Mod’s name is DMing you, it's scam. Don't fall for it

[scenic leaf]

damn......thank you...that was a scam..i sent them the transaction id for my previous scam....wow i am a mess today

[delicate cloak]

Never respond to DMs

[cunning perch]

Be very careful. Those thieves use ppl’s names to scam ppl. They are greedy AF. Well if F was greedy then they are the masters.

[scenic leaf]

yup....im realzing that haha

[scenic leaf]

should i be worried that i sent him a transaction id of mine?

[cunning perch]

If you haven't clicked in any link or haven't connected your wallet to any link that is sus or haven't entered your SEED phrase anywhere, you should be fine. But check your wallet to be sure. And report that &$&$@ in #🚨❗〕report-scammers

[scenic leaf]

nope ...no link....no connecting my wallet to anything else...no SEEd of course!....sheeesh...i got so many people dming me after i sent the inital mesage.....now i understand how many scams there are here

[cunning perch]

Yep. They are after your money. The world couldn't get any dirtier.

[scenic leaf]

someone replied...telling me i used illegit website...verified that this https://staking.illuvium.io/ was the real website...then proceeded to tell me import my meta mask wallet into a celo wallet. Didn't send me a link, but told em to import my wallet via a seed phrase...was that also not real? I didn't do it of course but

[cunning perch]

You click on their “celo network” and you can kiss your funds goodbye. ILV is on ETH mainnet and is not going anywhere.

[scenic leaf]

ya he didnt send me a link though which was odd, but ya i figured putting my seed phrase into their stuff would be stupid....man im pretty shook haha

[cunning perch]

Good. Follow the link here if you wanna stake

[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]

!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

[carmine drum]

Morning Arash!

[cunning perch]

Hey Tin. Wassup m8?

[carmine drum]

Can I ask you quick question?

[cunning perch]

Ofc. Ask as many as you want

I'll answer if I know

[carmine drum]

Is it true that when we reset our ledger nano X and set up as new device, a brand new 24 seed phrase is generated?

[cunning perch]

Resetting it giving new seed? I don't think so. Each device has it's own integrated seed. Cuz changing it can change the wallet address and that is not healthy. Never heard anything about it tbh.

Even if someone steals it, messes with the IC, they might get the 24 word seed. That 24 word are actually numbers that connect that a device to the block chain. The seed matters. Not the device.

[carmine drum]

So, 1 device is pegged with one and just one seedphrase?

[jovial root]

I thought you could import any Seedphrase into a Hardware wallet

[cunning forum]

If you reset your ledger and set it up as a new device. A new randomly generated 24 word seed phrase will be generasteis

[cunning perch]

Not exactly. If for some reason your device malfunctions, you can order a new device and add your current see there. I've hear you can use a seed generated by Ledger with Trezor even

[carmine drum]

No, I mean generate a brand new 24 seedphrase from a used nanoX

[carmine drum]

this is what I want to confirm

[cunning forum]

I wouldn’t buy a used ledger. It could be hacked

[cunning perch]

In theory if one device is set as a brand new advice, yea I might act like one and give u a new seed (in practice can also be true )

[carmine drum]

No, it’s mine.

[brisk surge]

Just get a new one. The cost of a new ledger is very little compared to the potential loss from a poorly secured wallet.

[cunning perch]

You should be able to use any CW with your current seed. That seed is where your tokens are tied to

[carmine drum]

Yeah, I got 2, but just not feel safe about the one that has battery issue, I have sent it back to the factory.

[craggy field]

It would make no sense that your ledger = your seedphrase. When someone wants to scam you they would reset your ledger and voila get your seedphrase.
Ofc they give new seedphrases every time. I mean you can try yourself on your new ledger lol

[cunning perch]

Personally I just connect my wallet to claim and done. Turn off until the next claim haha. One Ledger for one token/wallet.

[cunning forum]

If you reset a ledger it is wiped clean and the seed phrase is erased from the device. If you could just reset a ledger by entering the pin incorrectly 3 times it would be a huge security flaw

[cunning perch]

If you have sent it to the main factory under guaranty it should be fine! Idk. I would buy a new one and connect my current seed with it. Not gonna let even the factory touch it. But that’s just me and I'm paranoid

[carmine drum]

One more thing: Is it safe when writing seedphrase(set up new device) to a paper note with the cable connected to the computer?

[cunning perch]

I wouldn't write any seed on any digital note. Just write on a paper or use a steel capsule

[carmine drum]

Thank for confirming, mate.

[cunning perch]

Or like me code it

[craggy field]

I did just that, and no problems detected for the past 4 months.
Your ledger is so prehistoricaly designed that it is almost impossible to mess with through the cable alone. Unless you have 500 different types of malware on your comp ofc.

[jovial root]

Or have lots of kids and name them after the seedphrase

[carmine drum]

ofc it’s a hard paper, not digital.

[cunning perch]

Yeah. Write it, hide it and make sure it never sees light again until judgement day

[cunning forum]

Technically it’s ok to enter the seed phrase while the ledger is connected to your computer but I’m extra paranoid so I make sure it’s disconnected from my pc and no cameras can see what I’m doing lol

[cunning perch]

You have cameras in your house? lol

[jovial root]

If your seed phrase is visible on the computer while you write it down, and someone has remote access to your computer, or screen capture... it is possible for them to record it.

But also possible they hack your Webcam or Phone camera and record you writing it by hand

[craggy field]

Webcam

[cunning perch]

I wrote mine on the kitchen counter.

[cunning forum]

No just my webcam and phone. But I would also worry about you house cameras if you have them. I’ve heard stories of those being hacked

[jovial root]

Also possible your roommate has a camera setup to watch you undress, and may inadvertently record your seedphrase

[scenic leaf]

I have always wondered. Say I use a ledger for different wallets but they all hold ETH, if my SEED became comprimised, coudl they retrieve all my ETH across all wallets all at once?

[cunning perch]

I think I lost trust in my cat now.

[jovial root]

Although it sounds like I am joking... it is honestly scary how difficult it is to truly secure what for many is a life changing amount of coins!

[cunning perch]

In crypto one SEED getting compromised all funds associated with it are at risk no matter what wallet they are in

[cunning perch]

Yeah so thats why you should take care if your device, seed and security and not click on any links. Otherwise it’s pretty easy.

[scenic leaf]

including all different tokens? ETH ADA etc? Say I had ETH and ADA on one ledger...one day needed to restore my wallet but the wallet i restored is not compatible with ADA. Does that mean it would only restore access to ETH until i used the SEED with a ADA wallet?

[cunning forum]

Yeah they would have access to all the coins/tokens associated with that seed phrase

[cunning perch]

Yep. All of it.

[cunning perch]

If you connect one Ledger for example with lots of wallets, always remember that the wallets are just showing the tokens, it's the seed that holds them. That seed is the key that is connected to the block chain. If you lose it or someone access it, it's like handing your house keys to a thief and leaving the country for X-mas, coming back to a naked house

[scenic leaf]

lol ya ok. I thought this was the case...just wasn't sure how it practically worked. So if i were to go on another laptop of mine...type in my SEED phrase into metamask, id see my funds. and my funds would simply be accesible from two places. that what the scammers do right? its not like it turns off one wallet and turns another on?

Im often think about how it would work if my pc pooped itself and i needed to restore all my funds from all my wallets haha

[cunning perch]

One seed can be used in lots of systems in MM for example. My MM is set up on my Surface Pro, Mac and my iPhone and all show my tokens

[carmine drum]

Home Alone seri huh?

[cunning perch]

Yeah I was actually thinking about that 🤣 childhood memories

[scenic leaf]

lol! I see...i just realized after all of this time that my MM wallet becuase it uses a trezor and i have another eth wallet somehwere with trezor actually share funds. So two wallets access the same address.....thank you for this help Arash. its really nice speaking to the real you haha

[cunning forum]

Exactly! That’s why you should never type your ledger seed phrase anywhere. If your laptop was hacked they could see what seed you entered and take the funds associated with that seed. The best thing about a ledger is that the seed is generated offline so it never interacts with anything online

[cunning perch]

Anytime 😄

[jovial root]

Hahahha "the real you". Brilliant

[cunning perch]

They have deformed my names. Those #€¥}%. They guy left the server before I could bann his ass. Got the ID a bit too late

[scenic leaf]

oh of course. I often advice familyt memebrs on purchasing their first crypto...always I reiterate "never ever ever give someone this seed or put on PC". I think i just never actually udnerstood how it worked accross wallet etc

[cunning perch]

Just make sure you bury that seed somewhere dark and never let it see the light again and you'll be fine. Also don't click on links and don't answer DMs

[scenic leaf]

@cunning perch I have a question now, becuase the scammer was trying to convince me that it is possible to sigh a transsaction on a fake website that would be a smart contract that would allow someone to have full acess to your funds. Is this possible? is this why Etherscan says that Iluvium has access to all my ILV and decentraland has all acces to my MANA, its possible for a scammer to grant themeselves all access to your ETH?

[modern comet]

when v2 ?

[cunning perch]

Anyone having access to your wallet can have access to any fund it holds. And the fact that it's DFi you lose custody, you can bid your tokens goodbye.

[cunning perch]

January.

[modern comet]

okay thanks

do I need to claim the reward now? or wait for v2 after upgrade?

[scenic leaf]

but they wouldnt have access to ym wallet unless they have my trezor right?

[cunning perch]

Damn. I hate typos. My phone can't keep up

[cunning perch]

Claiming is optional. Check pinned messgaes

[cunning perch]

If they access to your Trezor seed, they have access to anything it holds in any wall on any platform

[modern comet]

I mean, will it be automatically claimed during the upgrade or will it need to be claimed again?

[scenic leaf]

but no access if only to my signautre right? seeing a signature is not the same as gainign access to private key or SEEd

[cunning perch]

Nope. As I said. It's optional. Therefore you have the option to claim or not

[cunning perch]

I have heard signing a false contract can compromise your wallet, but can't confirm that. You can do some research on it to be sure

[modern comet]

okay thanks arash

[cunning perch]

Anytime 🙂

[bright salmon]

Where can I find information about the end of staking rewards ? Rewards end 30th June 2024.

[delicate cloak]

I couldn't find a date on here. Just says they'll run for 3 years and I think it was June or July but not sure of exact start date. https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac

[warm token]

is the v2 staking up yet?

[jovial root]

Early January. Still going through security audit

[clever swan]

does anyone know if the team, treasury fund, Pre seed, and Seed tokens needed to be staked before they are unlocked?

[jovial root]

They are not staked, they don't receive any Staking Yield.
They are locked, and will unlock a % each month starting March

[clever swan]

awesome, thanks for the detailed response, much appreciated

[jovial root]

#💰〕token message

[brisk surge]

Technically they are staked in a 0 weight pool which makes them eligible for Revdis but they get no rewards from yield farming.

[tough vessel]

Hi. Currently I have 1.852 staked ILV with a weight of 1.54 that will be claimable 95 days from now (90 days had already passed since I staked my ILV). If I'm going to claim it on January once the v2 is implemented, will the weight of my staked ILV become 0 and I will only get 1.852?

[atomic lagoon]

do you mean claim or withdraw? If you continue staking even after v2, also long as you don't withdraw, you will continue to earn the same weight as u originally locked. you just need to make sure you upgrade the pool you stake in once when v2 comes.

[tough vessel]

What will happen if I withdraw it and stop staking it?

[atomic lagoon]

if you withdraw, then there will be no yield anymore on the 1.852 that you originally stake.
you will still get yield for ILV rewards that you claimed (in vesting) with 2x weight.

[tough vessel]

I see. I better just wait then. So once the v2 is implemented, all I need to do is upgrade it right? No other steps to do?

[atomic lagoon]

yeap. you just need to upgrade (pay gas), and that's it.

[storm robin]

ha so confused

[tough vessel]

Thank you. You're very helpful. One last thing if you won't mind. You had mentioned something about rewards. Currently I have 0.15 ILV as rewards due to ILVs that I staked. I'm planning to claim it as an sILV once the game is launched. Will it be doubled by the time I claim it ?

[storm robin]

soooo newbie here, am i suppsoed to stake ILV or Sushi?

[atomic lagoon]

If you accumulated 0.15 ILV in 90days , you will get something less than 0.15ILV in the next 90 days due to the fact the APY has dropped and there is also 3% drop in APY every 2 weeks. So I would expect less than double.

[atomic lagoon]

Sushi pool gives you higher APY 370% ~ but subject to impermanent loss. you will also only get revenue distribution on ILV portion of your sushi LP. so you will have to decide yourself if higher APY is worth it or not. 🙂

[tough vessel]

I see. Thank you.

[storm robin]

hmm ok thanks

[brisk surge]

Why do we have to claim the ILV when staking SLP for a second time? I mean its a problem when gas fees exceed the small rewards of these unwanted claimed ILVs...

[outer mauve]

Good morning, is it true that there is a 3% drop of the APY every 2 weeks on the SLP ?

I Staked on SLP pool for 10 weeks LOCK, how can I make the lock higher? do I need to wait 10 weeks, unstake and then stake again?

[atomic lagoon]

Yes. There is 3% drop in APY for both pools. But APY is also affected by how many ppl add in or withdraw the staking amount.
Unfortunately you will have to wait 10 weeks to withdraw and restake.

[unique void]

Sweaty, if you get any DM messages ignore them. Coming on here saying you are a newbie is red flag to scammer bull

[outer mauve]

if I dont withdraw I keep getting the same APY I locked for in the beggining ?

Right now I am getting around 20 dollars per day, I think it is a really good passive income and I think the price of ILV and ETH will stay stable, I hope, so my plan its to hold it for many months and only Unstake and claim rewards when the profit its big enough to pay for fees.

[gaunt ermine]

Is it currently worth waiting for staking v2 to come out if I want to stake for the first time?

[outer mauve]

it depends when its V2 coming live, as its not an easy change it might still take a while, but also it will be good for you to stake when the V2 comes out, so you dont need to migrate, in the end its your choice.

[gaunt ermine]

I think I may just wait, patience is a virtue 😁

[atomic lagoon]

If you don’t withdraw, u will continue to get the same weight as originally locked even after the original locked period is over.

[neat stump]

what is the differences between the core pools? (not talking about APY wise)

[atomic lagoon]

Sushi LP is subject to impermanent loss. you will also only get revenue distribution on ILV portion of your sushi LP whereas full amount for ILV pool. so you will have to decide yourself if higher APY is worth it or not.

[meager agate]

Is staking 1 extra ILV pointless now before v2?

[atomic lagoon]

yes. for 1 ILV, I would wait.

[high valve]

hi guys i wanted to add more in my pool but they ask me to withdraw what i have before first ,and i dont want,is their a way ? or am i doing smtgh wrong ?

[atomic lagoon]

nope. if you want to add more to staking, you will have withdraw. Unfortunately, there is no way around it.
But you can wait for v2. Once v2 is live and you upgraded your staking to v2, the system will not force you to claim to restake.

[high valve]

oh ok thx

[terse igloo]

Hi guys, who took ILV out of the Silv pool? After the claim, they did not receive my Ilv wallet, instead they were stuck in the ILV pool for 1 year. What to do ? How to pick them up?

[faint panther]

If you claim ILV it will be vested for the amount of time you locked in. For example I locked in for a year and I claimed some reward, it will vest 1 year from my claim.

[terse igloo]

but why does it show in Vesting that ILV is locked for 1 year. To be more precise, he is staked

[old mauve]

Claimed ILV will be vested for 1 year no matter how long you locked your stake

[uneven flare]

Does anyone know what type of ERC20 transaction the upgrade to v2 Will be/cost?

[rapid wraith]

Hey is there anywhere that states how much sILV is earned by staking in comparison to ILV?

[coarse dune]

Hey, I locked my stake in for 3m and it will unlock in a couple weeks. Do I have to pull it out and re-stake or can I just let it keep staking?

[cyan rampart]

On the website, you're able to see the total Rewards distributed (1.04M). You can compare that to the total sILV in circulation to figure out the ratio, currently there is 113k sILV in circulation. https://etherscan.io/token/0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2

[cyan rampart]

You don't have to pull it out, it will continue to generate rewards at the weight you originally locked it at.

[outer mauve]

what does it mean will be vested for a year?

If I locked it for a year, after a year can I unstake and claim my rewards and sell?

[outer mauve]

so all my rewards I cannot claim them for 12 months?

[rich canyon]

exactly

[old mauve]

You cannot withdraw them for 12 months

[outer mauve]

why do I have the option to withdraw then on the UI?

[old mauve]

Unless you claim sILV

[outer mauve]

so lets say I put 1 ILV locked for a year, I would need to wait 2 years to claim my rewards?

[old mauve]

If you claim at the end of the lock, yes. But you can claim rewards at any time and multiple times

[outer mauve]

so confusing, I though I could leave my ILV staked for 12 months and afther the 12 months I can just unstake and claim my rewards

so then I should Claim a day before the lock its finish ? so I dont need to wait for another 12 month to claim

[old mauve]

No, whenever you claim rewards, they will be vested for 12 months.

[outer mauve]

I shouldnt have staked, I should have just kept my ILV, I am retarted

[old mauve]

No it’s ok. You will receive revdis with staked tokens

[outer mauve]

after claiming I cant sell it ?

[old mauve]

If you claim ILV you have to wait 12 months to do anything with those rewards. If you claim sILV, you can sell it on the unofficial exchange

[outer mauve]

but sILV doesnt have the same value as ILV

[old mauve]

The value of sILV will be pegged to ILV for in game purchases but sILV sells for less rn because it currently doesn’t have a use case

[outer mauve]

so I just claim and keep it on my wallet for 12 months doing nothing, I cant even restake it?

[craggy field]

when you claim ANY rewards as ILV, those rewards get re-staked with a locking time of 12 months before you can unlock and withdraw it. So no, it doesn't sit in your wallet at all once you claim. You will have to wait 12 months before it gets there.
Your initial stake does not re-lock every time you claim.

[outer mauve]

and it happens the same with the SLP pool?

I should have done more research, basically Unless ILV does great in the next 2 years I am fuck**

[craggy field]

you can claim as sILV and sell that right now 🙂

[outer mauve]

paying the fees ans sILV its cheap, not worth it

[craggy field]

then yes, ILV has to succeed 1 year as then your initial investment will unlock! 🙂

[old mauve]

It can still be fine. Revdis will be given in unlocked ILV

[craggy field]

this is also true!

[outer mauve]

because for example not it tells me claim 1 ILV or claim 1slv for example, but I will sell my ILV for 1000 and my SILV for 300, so I am losing 700 dollars

[craggy field]

if ILV dips to 100 during the year it is locked then you would have won 200$ 😏 (Not saying it will obv)

[outer mauve]

whats revdis, sorry if I sound stupid

if ILV goes to 100 I gould have lost so much money I wouldnt care for 200 $

[placid flame]

if i have 1ilv in reward from LP Staking when can i get it out? Can i take it when the staking period i initially entered ends?

[craggy field]

you could go to #❓〕faq and read up in there. a lot of stuff is already written out 🙂 You can also go to #🎨〕community-content and listen to hours and hours of pinned interviews! Stop being so lazy and DYOR! (no offence)

[outer mauve]

you are 100% right and i am sorry for being a pain in the ass!

[muted zenith]

you can only withdraw 12month after claiming your reward

[outer mauve]

this 12 month vesting will be the same after V2 staking?

[old mauve]

No worries at all. Revdis is revenue distribution. 100% of in game purchases will be rewarded to token stakers

[outer mauve]

yeah, thats why I staked for revenue distribution

after watching many internviews of kieran I came to the conclusion that if the game its succesful i SHOULD BE STAKING

[muted zenith]

Vested Rewards get Revdis right ?

[old mauve]

Yes. They get locked in the ILV pool which receive revdis

[atomic lagoon]

everytime I watch the interviews, I just want to go buy more ILV.

[outer mauve]

So to resume all rewards are vested, including staking and in game sales rewards, in a way this is smart, because if not everyone will be selling and the price will go down. When we invest in Illuvium it has to be with a future mindset, the only thing I am worried its ETH gas fees, but I hope that gets fixed with the V2. Merry xmas everyone !

[muted zenith]

Thanks

[muted zenith]

Revdis are Unlocked

[coarse dune]

That's what I though! Thanks!

[quasi spade]

Question for everyone - I have about $200 eth in Coinbase - worth it to buy ILV to stake? Coinbase doesn't have ILV listed. I do have metamask. I also plan on playing the game

[old mauve]

Probably not staking with current gas fees. Might want to wait until v2 comes out

[quasi spade]

wont I still need to pay gas fees with v2?

[old mauve]

Yes but they should be reduced significantly

[quasi spade]

thank you

[finite eagle]

The V1 to V2 has me super confused. The more I read the more confused I get lol. Migration and upgrade is the same thing in terms of moving over the staked ILV, correct? The only difference is if I upgrade I have to pay the high gas fees currently but if I migrate I pay the new, lower fees.

Both will incur fees when I migrate or upgrade, but the lower fees apply to migration when you go to claim? Is that right? So if I upgrade, when I claim rewards, even if technically in V2, these claims are subject to the old fees?

Sorry to be a burden here I'm just trying to wrap my head around this.

I still have not staked anything, but I'm looking to stake at least 5 ILVs next week in the SLP pool.

If V2 is to take another 3-4 weeks, I should easily be able to make any fees back quite quickly. Therefore, it makes sense to stake right now and don't worry about the fees because I would be ahead.....

Is that right lol?

I guess my point is that I shouldn't worry about migration or upgrade fees because the benefits of staking immediately would significantly outweigh any costs.

[old mauve]

Sure. You can still trade for ILV if you want but it is probably better to wait for v2 to stake. NFA

[boreal cape]

Need some confirmation here. If I upgraded to v2 and try to stake again. Am I still required to claim my rewards first before staking? And is that staking considered to be in v2 or I still have (if I want to) to migrate it after unlocking?

[finite eagle]

If you listen to Vetemor's Youtube video he explains this. Granted, I'm still trying to figure it out myself

[boreal cape]

Ok. I’ll check it. Thanks.

[past falcon]

Does anyone know what that means?

[cunning perch]

you have a falied TX. (0.62 ILV)

[past falcon]

Yes, I can see that. But the problem is that it discounted it from my rewards without adding it to my staking

On Etherscan the transaction was successful

On MM it said that the transaction was rejected. But the fees were deducted all the same

[coral pike]

GAS transactions fees are deducted always it does not matter if it success or fails

[past falcon]

Ok, I can see that. But why did it deduct the ILVs from my Illuvium account without adding them to my staking account?

[coral pike]

have you checked your vesting tab?

[stoic radish]

If I got to withdraw ILV after vesting period, and it says “Before you can withdraw, you first have to claim your existing rewards in this pool. Because we compound your rewards into the ILV pool, if you select ILV, the rewards in that pool will first be claimed before claiming rewards from other pools.“

Does this still mean my ILV rewards will be locked for a year?

[granite verge]

When I go to claim my ILV it connects to my Coinbase wallet on my phone but then just stays spinning when trying to load up the confirm payment fees. Anyone else having issues with that or am I doing something wrong?

[past falcon]

Oh, my bad😫

It's there...

[stoic radish]

I might be more inclined to take sILV if the ILV is gonna be locked for a year. I’ve already locked some ILV up, and it’s still 309 days away.

[ember ginkgo]

You don’t have to lock it it you don’t want

[stoic radish]

Oh really? So if I claim it during this withdraw ILV won't be locked?

I staked 25 ILV, and the rewards are 1.53 - so not really worth it

[ember ginkgo]

Ah my bad. You are talking about staking rewards. Those wil be vesting for 1 year yeah.

[stoic radish]

OK gotcha. Damn. I might just take the sILV then. Do we have a date for land sale yet?

[ember ginkgo]

Not worth it? That’s gonna be like $5k for free

[stoic radish]

What is, the 1.53 ILV?

[ember ginkgo]

Probably mid / late January

[ember ginkgo]

Yes

[stoic radish]

Ha, that would be awesome!

Now, another question you might be able to answer. If I withdraw, and claim the rewards.. does it claim rewards in other pools too automatically? I've got 9.93 ILV in my SLP pool.

[ember ginkgo]

Somebody else will have to help you with this one

[stoic radish]

Cool. Thanks brother!

[cunning perch]

Sorry was busy cooking 🙂 is it fixed now?

[cunning perch]

whatever claims you make in form of ILv will be locked for 1 year compounding in ILV pool. Everything happens AFTER you claim it.

[fair locust]

Dears is V2 already out?

[ember ginkgo]

No

[fair locust]

Thx

Is it better to wait for claiming rewards in ILV for V2? Have them now on pending rewards

[cunning perch]

claiming has nothing to do with V2. you can decide if it is better to claim now or upgrade then claim

[fair locust]

Thx arash - very helpful as always

[past falcon]

Yep

[cunning perch]

anytime my friend 🙂

[cunning perch]

Awesome 🙂

[finite eagle]

@cunning perch Hi, so even if I stake now, I can upgrade and claim the rewards in V2? And it is true that the 2.0 weight will be only available to those who stake for 2 years locked or those who were "early adopters"? That means I makes sense, since I want to stake for a year, to stake now to take advantage of the 2.0 weight, correct?

I know "it's not FA", but I just mean if I want to be considered an early adopter I need to stake before V2

[cunning perch]

you can stake now, upgrade to V2, then claim using the V2 features.

No. max weight is 2X and you will be required to lock 1 year, not 2.

[finite eagle]

Alright, thank you. Seen Vetemor's Youtube video on V2 and he said if you want a 2.0 weight when V2 is released you need to stake for 2 years. But obviously he said it incorrectly or this was changed.

So there is really no downside to staking now lol besides the fee to "upgrade" which should be far outweighed by the benefits of staking now.

Truly appreciate the help.

[cunning perch]

Hmm....maybe you heard it wrong cuz I and @ripe steppe did an AMA and went through the locking duration and we have confirmed it to be 1 year. Maybe the initial proposal is what you are talking about. In that case, yeah, it used to be 2 years. Downside can be the gas if your your stake is not big enough. Otherwise it should be fine.

You are very welcome

[crisp spire]

Guys, any news about stake v2?

[cunning perch]

Nothing new

[crisp spire]

😩

[ripe steppe]

https://tenor.com/view/fat-boohoo-cry-baby-gif-10647085

[crisp spire]

😂

[boreal cape]

Hi @cunning perch. One quick question. If I stake after I upgrade to V2, is that “staking” already in V2 or I still have to migrate that (if I want to) to make that staking V2 official?

[finite eagle]

Maybe it was the initial proposal. Thank you for clearing that up. Thanks

[cunning perch]

whatever you stake after V2 is live will be directly on V2. Gotta need to upgrade the ones you made on V1 though.

[cunning perch]

anytime my friend 🙂

[stoic radish]

Got it, and when I claim from one pool... does it automatically claim rewards from the other pool?

[cunning perch]

this should answer you #🚰〕leaks message

[stoic radish]

So it appears in V2 you will be able to choose which pools to claim rewards. But for now, if I claim in a ILV pool it will still claim my rewards in my SLP pool?

[cunning perch]

The opposite. If you claim SLP rewards, it will force you to claim ILV pool too. This will not be the case in V2

[stoic radish]

Oh OK... so if I just wanna claim my 1.53 rewards from my ILV pool rewards... my SLP rewards won't be affected. I gotcha!

[cunning perch]

yeah It should be like that on V1 🙂

[stoic radish]

OK sweet. Thanks brother! I have 9.93 in rewards in my SLP pool and didn't wanna touch that

[cunning perch]

Anytime. you know what is best for you 🙂 make sure you have a plan and you are GMI

[stoic radish]

No doubt! I was already in SLP pool for a while, and I had some leftover ILV in my metamask and decided to stake it a few months ago for 60 days instead of just letting it sit there. Now its unlocked.

[zinc sedge]

hi I've got an issue with the staking. I'm staked for a while now and recently the staking rewards on dashboard have stayed stagnant. is there an issue?

to be clear I haven't unstaked or tried to withdraw

[cunning perch]

your stake/rewards might be small and the fact that APY and rewards distribution drop continuously, might have made it slower. But nothing will be stagnant.

Also watch out for DMs. They are all scams

[zinc sedge]

yeah the scammer looks exactly like you and is super fast

[cunning perch]

He wants your money. Make sure you send his full ID in #🚨❗〕report-scammers and I'll ban him.

[zinc sedge]

i have 3.39 ILV and in a 4 week period the rewards have not increased seemingly

[cunning perch]

You could check with pinned calculators to see how much you should get, but since 3 ILV is small, I suspect it's the same reason I gave you. Give it a few more days, if it was still the same, We'll ask a Dev

[zinc sedge]

alrighty thanks

[boreal cape]

Yup. Planning to upgrade first then stake. Thanks. Oh, btw, am I required to claim rewards first before staking after I upgrade?

[cunning perch]

Claiming rewards is optional. you will decide whether you wanna claim before it/ amidst it/ after it

[boreal cape]

By “it” you mean staking, right? Not upgrading.

[cunning perch]

it = upgrading

[boreal cape]

I am planning to claim my rewards after the upgrade. So after I upgrade, I will not be forced to claim my rewards (as it is right now) before staking. Is that correct?

[cunning perch]

Yep. As I have mentioned, Upgrading is pool-based, not stake/reward based. So it doesn't have anything to do with your staking/claiming procedure.

[vestal scaffold]

Hey guys, I want to stake some money and want to ask you if it‘s the Right Time to do it now. If yes in what Pool, would you lock it and for how long? why would you do so?

[boreal cape]

Thanks so much. Appreciate it.

[cunning perch]

anytime 🙂

[boreal cape]

What pool depends on how much you’re planning to stake.

[ivory prism]

well it kinda does because if every time you claim, you start the vesting period, and you wont be able to migrate to V2 the rewards that haven't vested

[cunning perch]

No one can help you with that. You are the one who should decide where and how much to put in. Make sure you know everything regarding staking and make sure you go through the pinned messages. Start 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

[vestal scaffold]

Thank you!

[cunning perch]

rewards will not have to be migrated/upgraded and you certainly won't be forced to claim before/after upgrading to V2 and therefore upgrading has nothing to do with claiming 🙂

[vestal scaffold]

Hey, how can I Exchange my ilv to silv?

[obsidian nebula]

gotta do your own research my friend.

[obsidian nebula]

i use uniswap

[dusty crow]

how long are your coins locked in the stake pool when you stake ilv?

[somber token]

Hey I know that the flexible pool will be gone in v2 and currently I have slp staked in there, so if I am trying to move it to the locked pool I would have to claim current ILV rewards, unstake my slp then restake it in the locked pool and Would each of these steps cost gas?

[tight oyster]

Hi, i have questions plz, I have to restake some SLP, i want to lock them for 1 year, is it better to wait for the V2? what will happen for the V1 staked SLP and ILV? And last question, to be sure, if we don't claim rewards (from ILV or SLP stake) they don't coumpound isn't it?

[knotty island]

I'm having some errors with my claiming please help

[true vector]

it depends if you have about 20k or more to invest should probably stake now as the rewards you get will outweight the potential savings on gas fees, yes non claimed rewards dont compound, they get vested for 1 year at the time you claim them

[knotty island]

Every time I try to claim the reward it says error?

It says error 400

@ancient tundra @median canyon @exotic igloo

[frosty zephyr]

Just staked a few coins for 52 weeks. I’m not sure if that was ideal but let’s go 😂

[static crown]

Is there a date for V2 yet?

[coral pike]

nothing official yet

[static crown]

ok thanks

[broken herald]

weeeeeeen

[broken herald]

I'm about to capitulate and claim my rewards paying gas

[viral sonnet]

is there a way to calculate estimated token rewards from staking or what i could expect? for example if I stake 3 ILV locked 12 months?

[fresh grail]

There is a calculator in the pinned section that will do exactly that

[worthy pond]

LFG

[copper locust]

Is there a way to see when my ILV can be unstaked? And is there a button that shows up when you can unstake?>>

[ember ginkgo]

https://staking.illuvium.io/vesting

[copper locust]

Ah thanks

[outer mauve]

after vestinf, withdraw them from the protocol, I need to pay fees again? so you need to pay fees to claim and to withdraw?

[cunning perch]

You pay gas to withdraw/stake/approve/transfer/swap/remove/upgrade/migrate/claim...

[tight oyster]

Hi, i had staked SLP for 1 year (weight 2.0), at the end of the 1 year period, my SLP is unlocked ok, but i see in my vesting board that even if the period of 1 year is finished (i can withdraw the SLP) , the weight is still 2.0 . So my question is, do i have to withdraw and restake it for 1 year to keep benefit of the 2.0 weight or does the 2.0 weight continue even if my SLP is not locked anymore as it is shown on the vesting board?

[mystic thorn]

Even after your SLP unlocks it still have that 2x weight and is getting you the full APY it just means you are now able to take it out

[tight oyster]

Oh nice, thx a lot Nixatar!

[mystic thorn]

Happy to help 😎

[atomic lagoon]

Nothing to do with .com
.io is the correct one.

[lilac jasper]

so its a scam website?

[atomic lagoon]

Yeap. You might want to delete it. The mods don’t allow to post the scam site.

[atomic lagoon]

Also don’t trust any DMs. You can ask here in the channel openly.

[tight oyster]

I don't understand one thing about weigt and calculated APY
The % APY shown in the Core staking board is 380%
So if i have for example 6090$ SLP staked for 1 year, i will get 380% APY ?

[atomic lagoon]

If 380% stay the same everyday for 1 year, theoretically yes. But APY will change as ppl add/remove staking and there is 3% drop every 2 weeks.

[tight oyster]

ok, so if i have 1.38 weight, 380% is 2.0 weight, so 1.0 weight is 190% and 1.38 is 190 x 1.38 = 262.2%?

[atomic lagoon]

Sounds about right. But I wouldn’t use it to calculate exact amount I would get per day. It can be a rought estimates but actual amount may varies a bit.

[tight oyster]

ok thx Kuki, i try to estimate what i get a month if i restake my 1.38 weight to 2.0, if it's really worth it or not

[rapid sentinel]

Damn why v2 is delayed so much

Every 2 weeks I feel the pain of losing 3% apy

[sly terrace]

Is the weight of 2 only applied during the 12 months that it is locked in or does it still applied to staked ILV after the 12 month period?

[cunning perch]

Losing 3% reward distribution is better than losing all your funds due to an error

[cunning perch]

If you stake for 1 year you get 2X and your stake will keep the weight even after being unlocked, unless you withdraw

[silent cedar]

All ILV rewards are auto staked for year and get 2x by default right? I mean I know this, but just triple checking.

[cunning perch]

yep. Anything locked for a year gets 2X weight

[dusk carbon]

Hello, merry christmas

[hot lynx]

Merry Christmas people!

[dusk carbon]

Can I stake with binance smart chain Network and metamask?

[atomic lagoon]

you can only stake via ETH network with metamask.

[dusk carbon]

Damm ok thanks

[cloud quiver]

Any suggestions on what I should do with my next move? (NFA of course). Option 1: stake $15k in SLP immediately. Then in 2 months continue to gradually stake 17 ILV that I have unlocking late February in SLP. (approx 4k in SLP each month over the next 5 months.) OR option 2: stake nothing now and wait until end of Feb and stake that 17 ILV w/ approx. $25k in ETH for a total of $50k in SLP (assuming token price is $1.5-$2k at that point)

[atomic lagoon]

If it is me, I would stake $15k in SLP now. For the second part, it is hard to decide now. I would wait and see. NFA ofc.

[wooden sonnet]

im having trouble staking... can i still enter the core pools?

i dont get an activate button and when i press the staking for LP it says i have 0

[fair jackal]

hi

is it possible i shift staking from my current wallet to a new wallet ?

[cunning perch]

Not if you are locked. Check pinned messages for V2

[cunning perch]

Make sure you follow LP if you wanna sale in SLP

[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

[somber token]

Hey I know that the flexible pool will be gone in v2 and currently I have slp staked in there, so if I am trying to move it to the locked pool I would have to claim current ILV rewards, unstake my slp then restake it in the locked pool and Would each of these steps cost gas?

[royal valley]

is layer 2 staking out yet ?

[delicate cloak]

There's no ETA for L2 staking. It's a long ways away

[tender steeple]

When you stake, and it’s locked, do you have to wait the x amount of time to get any rewards?

[atomic lagoon]

the rewards are given every 15sec. but you decide when to claim as they accumulate.

[tender steeple]

So then when the time runs out what difference does it make? And once you collect would you still be getting rewards?

[atomic lagoon]

sorry, I misunderstood what you meant.
if you claim as ILV, it is locked for 12 months. You can only withdraw the ILV rewards 12 months after you claim.
if you claim as sILV, you can get it immediately but u can only use it in-game or for land sale.

[tender steeple]

Ok thank you 🙏🏼

[somber token]

I do not want to spam my same message but I have asked a question multiple times and they have not been answered ☹️, I know the mods are busy but it would be a big help if someone answered my question.

[atomic lagoon]

yes they would cost gas. If you are planning to restake anyway, wait for v2 and restake.

[winged zenith]

Hi guys when V2? wondering if i should stake LP now or wait for V2

[atomic lagoon]

it should be somewhere around 1st week of Jan. If it is less than $5,000, I would wait. NFA.

[winged zenith]

ah great thank u

[open tusk]

Hi all, I was planning on staking in Nov but never got around to it, just looking into it now and I see there was a v2 change, for people staking for first time, the whole v1 vs v2 thing doesn't matter right? this is still on the ETH BLockchain and not on any layer2

[wicked sail]

V2 will have cheaper gas fees for staking and claiming rewards

[scarlet mirage]

Has anyone here managed to stack using Trezor?

[silent arrow]

I do !
works perfect.
only downside, I managed to only use the 1st eth adress, didn t managed a way to use diferent adress that I have on my trezor

[final sky]

hey folks - im not new to defi and staking, but I see no option to remove my SLP tokens in the ILV/ETH pool, theres thie link to sushi to create/buy LP tokens, but no option to remove your SLP tokens from the illuvium website. I had my LP tokens locked up for a number of weeks, that lock up expired a couple weeks ago. I then claimed my ILV to begin the 12 month vesting. I now want to go remove my original ILV/ETH SLP token...but theres no option to do that

Are my initial SLP tokens of ILV/ETH also locked up for 12 months? Even though I chose the flexible lock up period which has now expired.

nevermind - its under the VESTING tab - hidden. sneaky sneaky

[scarlet mirage]

I tried without success... I had to create a MetaMask wallet, link it with my Trezor, and manage the stack from there.

[cunning perch]

well it's not that hidden 😄 it's a very big tab haha

[bitter hearth]

if i whant to stake in the SLP pool, and i buy slp tokens for 1ETH and 3.4Ilv, am i getting apy on the ILV part of what i invested, or am i getting the ilv apy on 100%of my SLP token?

[ivory tusk]

100%

[void gyro]

@cunning perch

[cunning perch]

yes?

you just tagged me? weird. lol (watch out for DMs. They are scams) @void gyro

[vocal sigil]

Hey guys i am trying to stake ILV but it says that it cant estimate the gas fee and wont allow me :/

[burnt hill]

Happy holidays everyone 😄

One question, i had unlock SLP and i went in to withdraw, but i didn't claim my rewards before on SLP, when i choose withdraw from the vesting LP tab, it appear two transactions, but it only appear to claim rewards from ILV Core Pool and the Unstake not from the SLP pool :S it means i will lose my unclaimed rewards from SLP pool ?

[proud moth]

i think it will automatically claim it during withdrawal

[proud moth]

try reducing the decimal points. ex. you want to stake x.xxxxxxxx ILV -> try reducing it to x.xxx LIV

[viscid glade]

what is layer 2 staking

[atomic lagoon]

May be this will help
https://youtu.be/MwH0noF6QBA

[livid bone]

Can anyone pls help with my queries ?
-If staking ILV produces SILV yield , does that inflate the price of the token?
-ILV tokens are meant for staking and holding only , it can’t be used to purchased land or in game items?

[craggy field]

There is a cap of 10M tokens which is made up of ILV + sILV. So claiming sILV will reduce the supply of ILV. The choice to claim the rewards in sILV is there to give the holders liquidity for in-game actions. ILV cant be used for in-game items, that is what sILV is for.
Yes sILV claiming could result in too much sILV on the market which could result in that price dropping. But since its price is pegged to ILV in-game the actual value is the same whether the sILV market value declines or not.

[opal tulip]

It will deflate the $ILV directly. As every sILV minted, the corresponding ILV from the total supply will be burnt.

Claimants in sILV are heroes. They are doing the whole community a favor by reducing the diluted Market Cap and thus making ILV cheaper vs its book value.

[empty haven]

does the ilv and sushi lp have a vesting or lock period?

[ember ginkgo]

Once you claim reward, you have 1 year of vesting if you claim ILV. For sILV it’s instant unlock

[brisk surge]

good day guys, I’d like to staking, should i wait for v2 or is that okay now?

[atomic lagoon]

if you are not staking more than $10,000++, I would wait for v2.

[rapid kestrel]

You will be paying higher gas now compared to waiting for v2 launch which will cost lesser gas to stake

[brisk surge]

thanks man, i'll buy some ilv and then i put them on staking

[atomic lagoon]

also don't trust DMs!

[brisk surge]

what is the best way to buy ilv and then move them in staking?

i have some problem with binance

[atomic lagoon]

you can try crypto.com or KuCoin

[brisk surge]

then can i move them with metamask or another wallet?

[atomic lagoon]

yeah. you can move to Metamask from either. I haven't tried it myself though but should work.

[brisk surge]

ok man, i'll wait for v2.

thanks man, i appreciate

Merry Christmas to all

[silent arrow]

hello !
Some news on the dev side to be able to see multiple adress on trezor, it still only offer me the option to connect my 1st adress on my trezor

[cunning perch]

If you are using MetaMask, you can check to see which address is connected to ILV staking page

[silent arrow]

for the scammers "no need to dm me bitches ;)"

[cunning perch]

You know they do. They are stupid. 😄

[silent arrow]

for some personal reason I prefer to have as much as possible web3 connection directly from trezor.
more thing you do, the more chance something go sideways.

so yes atm I am using through MM
but I talked to a dev here a month back and he said he ll look into it to fix thix

so just come for some news, maybe on the v2 they are working to make it ok

[cunning perch]

Ah so if a dev is following up you can tag him here.

[silent arrow]

yeah, didn t remember who was it xD, i ll try to find my old message with the search

[cunning perch]

It should either be Carlos or Pedro unless you have talked to someone else

[silent arrow]

search in discord is a pain in the ass !

@hexed bough hey any news on this 😉
#❓❗〕community-help message
🙂
#🥩〕staking message

[trail cosmos]

What’s the pay at know

[timber cradle]

I wish we could move the Sushi pool to curve v2

[obsidian nebula]

Why, what's up with curve v2?

[tired cosmos]

Wen

[timber cradle]

CRV rewards on top of ILV (maybe even CVX)

[radiant flower]

You recommend me staking ILV or SLP? Looking for what can me more profit and benefit in the ILV ecosystem

[gritty sparrow]

How doea staking benefit me again??

[radiant flower]

Merry Christmas by the way!

[exotic flicker]

Any wack to view current staking pools apy without connecting a wallet ?

[coral pike]

376.53 when i checked ealier today

[radiant flower]

Guys, what is the difference of staking ILV and SLP?

[hexed bough]

Hey mate, this is something we'll look to get into the platform for initial launch of staking v2, but if not it will certainly come shortly after the initial release.

[silent arrow]

no worries thank you ! 🙂

[coral pike]

#🥩〕staking message

[brisk surge]

anyone else getting a contract integration failed when trying to stake?

[fierce galleon]

woah woah

so am i now locked OUT of V2 staking? Til my locked stake time is up? the fuck?

so now my stake is no longer generating any money? motherfuckker. is there no way to remedy this?

[coral pike]

V2 isnt even active yet and no ..nothing will be locked out..you will still earn as long as you upgrade

[broken herald]

Why isn't staking V2 out yet? what the hell is taking so long...

[coral pike]

audit

[broken herald]

right, audit during the holidays might not be the fastest

[broken herald]

I still have to claim my rewards for the first time, i'm at a point where i feel i have enough (2.5 ILV) but since V2 is coming i should probly wait... so i'm getting impatient

[coral pike]

I am to its almost been 2 months if not done by end of next week I'm claiming losing too much compounding lol

[fierce galleon]

i thought it already happened. thanks. because they say there is only a 2 week window to upgrade

[broken herald]

well it depends don't claim unless gas is like 50 or less

[coral pike]

you can still upgrade after the the 2 weeks you just wont get the bonus and noo the bonus hasn't been reveled

[broken herald]

also you will have to pay gas again to upgrade when V2 is out so if you claim and V2 gets out right after its double gas

[storm karma]

you mean it would double coz the network will be flooded?

should I claim my reward now or should I wait for the v2? any thoughts?

[carmine drum]

Wait

[sharp hawk]

so if I'm getting just getting started would I want to wait for V2 before I put in my first stake?

[earnest geode]

Really hard to say without giving financial advice. I have one slp staked since September. I got another 1.15 a week and a half ago and staked it flexible until v2 releases. I'm not staking anymore ilv until v2 though.

[sharp hawk]

yea my budget isn't big so paying gas twice is a big no go for me

[pale trellis]

What’s the eta on V2?

[fair terrace]

Hi all. Similar question. Just bought my first ILV. Am realizing that staking can get complex. Am wondering if I am better off to wait for v2. Does anyone know if there is any big benefit of staking now in v1 before v2 goes live?

[midnight crow]

It all comes down to gas fees. So, there is a threshhold of ILV that you need to make it worth it to stake now in V1. Above that, you should make enough to make up for the gas fees. Lower than that, the gas fees involved will be more than you would make staking now.

[fair terrace]

Thanks. What is that threshold?

[midnight crow]

Great question, to know that we would have to know when v2 will be launched and what the gas fees will be when v2 launches. We could give an estimate, but it would be speculation. Probably if it is less than 2 or 3 ILV it is best to wait, more than 10 you could pull the trigger now - NFA.

[fair terrace]

Oh, ok. I thought v2 was just round the corner. But am a newbie, so probably not correct. Do we not have an estimate for V2 date?

[midnight crow]

It should be around the corner, maybe 2 weeks or so.

[fair terrace]

Thanks!

[vestal scaffold]

afaik has eth 2.0 3 phases, we are at phase 0 and phase 0 did launch at 2020. there are two phases to go, I would say a couple of months at least...

[brisk surge]

guys ive been attempting to claim rewards and i keep geting a error and a fail for the transaction. Does anyone know if there is a issue at the moment?

[distant lake]

They're talking about staking version 2

[topaz raven]

hey guys can someone link me to something that can explain staking in pairs and difference between staking in a pair and vesting

https://www.publish0x.com/ilvfi/the-ultimate-faq-illuvium-slp-liquidity-pool-staking-xrnxvzo
thanks ❤️

[vestal scaffold]

oh

[steady lodge]

hello guys, in the docs, they said the rewards are compounded automatically in you have chosen the locked rewards. What does it mean "compounded", Isn't it the rewards remained unclaimed and cannot be added to the current LP pair ?

[cunning perch]

!claim

[woven ibex]

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

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

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

[burnt seal]

Is it still worth it so stake, say, 4 silv now to build some revenue before the land sale?

[brisk surge]

When we can buy land?

[coral pike]

nothing official Dutch auction will be held mid to late january

[coral pike]

you cant stake sILV

[ocean aurora]

are you guys staking in Slp or ILV?

[lunar marlin]

I accidentally staked for 7 days instead of the period I wanted. Will I be able to recover my full amount in 7 days to restake it at my desired period?

[elder dawn]

Yes, you'll have to withdraw and then restake though so multiple transactions

[steep haven]

Does anyone are buying silv for the land sale?

[gleaming gulch]

are you better offering waiting to claim staked rewards all at once to reduce gas fees?

[unreal prawn]

Hello people! 🙂 How much cheaper will the gas prices be after V2? Are there specific numbers?

[cunning perch]

No specific numbers. The fact that it will fewer TXs makes it gas-friendly

[cunning perch]

This will already happpen with V2. Claim all in one go

[earnest geode]

Check the community content area for some great videos. Or search for Vetemor on YouTube, he has some excellent instructional videos.

[unreal prawn]

Mh, yea would like to know what "gas-friendly" means but i guess we will see that soon 🙂 Ill just wait with my claims then i think and hope for the best 😄

[cunning perch]

you can check pinned messages for more info regarding V2. and you won't have to wait for cheaper gas if your rewards already justify it. if not, yeah, wait till you upgrade and then claim.

[wanton cave]

i have been claiming my rewards every week but just now my transaction is failing and is just saying error. is this because of staking V2 is coming?

[cunning perch]

No. probably you need an update/cache cleared or use sufficient gas

[wanton cave]

ok will try thank you. i never have had a issue before

[cunning perch]

It's ok. sometimes happen. if it was persistent, change the browser

[unreal prawn]

Yea, the rewards aint that high so it really comes down to the specific numbers. But ill wait, thats definitely the safer option in my case.

[bitter dock]

When is v2 coming out, is there a date?

[cyan rampart]

After it passes the quantstamp audit. At this point it seems likely that'll be early January, as a lot of people take the holidays off to be with family.

[bitter dock]

Sounds good, thank you!

[obsidian nebula]

When v2 is live,

If I have slp staked in v1 and it has been upgraded but not migrated.

And also I have slp staked on v2

How will claims work?

Would I claim both in on txn on v2?

[crimson grove]

anyone who try to stake Eth in V2?

[cunning perch]

The claims will be the same as on is already on V2 and the other is also read by V2 as if it was staked on it

[cunning perch]

There is no ETH staking in ILV.

[obsidian nebula]

Be careful. ETH only staking on illuvium is not real. It's a scam

[crimson grove]

@Quantum waaahhh someone message me and send me link about Staking in Eth . thanks for info

[obsidian nebula]

Glad you asked befor you sent ETH! Whew😆

[cunning perch]

Please send their full ID in #🚨❗〕report-scammers so we can ban them and don’t share scam links in public channels

[crimson grove]

@brisk surge thanks already report it as scam. sorry for the link.

[rapid sentinel]

Hey, just read an article from 1 week ago saying that v2 Ether 2.0 was delayed to June 22’
Do you guys know something about it?

[obsidian nebula]

I haven't seen anything on ETH 2 in a while.

[cunning perch]

The person you tagged was a scammer. I banned him

[hollow trail]

guys

if i'm correct, 3m illuvium will be distributed during staking

I heard the staking will take 3 years, but only 6 months have passed and already 1.06m have been distributed

[fresh grail]

The rewards drop by 3% every fortnight

[hollow trail]

every 2 weeks?

[fresh grail]

Correct 🙂

[hollow trail]

is that an approximation or the real value?

[fresh grail]

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

[supple flume]

Will V2 surely be implemented before the land sale? I’m just not sure if I should claim my rewards already since they are piling up and not compounding. 😞

[fresh grail]

Aaron said in the interview with Vetamor that V2 will take priority. They could release the land sale before V2, but no point as everything will get wiped before main game launch

[supple flume]

Ok. Thanks for the update. Think I will claim ILV rewards now and then claim sILV before the land sale then.

[alpine mica]

Hi there. I've been trying to read about what is the approximate excepted yield of staking and locking 1 unit of ILV over a year in either the ILV pool or in the ILV/ETH pool. As in if I were to stake 1 unit of ILV in the ILV only pool, would I expect to receive 10% (0.1 ILV) in one year? What is the expected % over a year for one unit can someone help with that?

[fresh grail]

Check the pinned of this channel. There is a great calculator created by Deraji that will help with approximating your rewards

[lunar marlin]

Is it possible for me to change my lock period without having to wait for its current period to end first?

[autumn cloak]

Nope. You are locked in

[timber totem]

Hello, I am planning to stake ILV tokens in January. Are these already in v2? is v2 in place now?

[tender crest]

Hi all. For the land sale, I keep hearing about Metamask but my sILV is linked through a Coinbase wallet. Will that be a problem or no?

[mystic thorn]

It is not in place yet should be in a few weeks

[timber totem]

Thanks

[gilded wigeon]

Gm guys..is there an estimate when is V2 staking?

[mild cosmos]

Hi! trying to get the hang of staking. Will the flash pools be available again and if they are when would we know when we can stake in them again?

[topaz raven]

when they say 100% of in game profits will be destributed to ILV stake holders what profits is it talking aout? isnt most of the sales p2p?

[quaint cradle]

I’m locked for a year in the ILV/ETH Sushi LP pool. Is there anything I have to do when V2 launches? Or all good?

[atomic lagoon]

you will need to upgrade it once when v2 comes.

[craggy field]

All transactions in-game have a 5% fee that goes to the vault and will be re-distributed over all ILV stake-holders. The vault buys ILV tokens with that money, and sends the ILV to the holders in the form of revdis. There are only 10M tokens total, (ILV+total sILV = 10M) so your slice of the revdis grows quickly the more tokens you have and keeps growing as more sILV is minted.

[quaint cradle]

Ok thanks. Do we have an idea of when V2 launches?

[atomic lagoon]

probably around 1st week of Jan. no confirmed date yet.

[storm karma]

Just notice that sIlV is way cheaper than ILV, if I claim my reward as sILV wouldn’t it be unfair?

[atomic lagoon]

it is all about do you want the money now or 12 months later.
some claim sILV to cash out now and to play the game.
some prefer ILV for long term value, investment and revDis.

[craggy field]

The market value is lower right now as there is no use for sILV. the first place to use is the upcoming month with the landsale. That is also why the price is rising.
During the landsale, when buying in-game assets, sILV=ILV in value.

[storm karma]

But when I claim the reward it would be the same for ILV right? Sample is if my reward is 1.5 ILV then when I claim it as SILV it would still be 1.5 sILV

[stray eagle]

Yes

[storm karma]

got it, thanks everyone