🥩〕staking

[tribal hamlet]

if i stake 50 dollars for 14 weeks roughly how much am i gonna make profit at this current rate

[supple flume]

There are some calculators pinned that could help you figure it out. 🤗

[junior crow]

this new staking version isnt live yet correcT?

[fresh grail]

Correct, not yet. Soon after the audit is done

[hollow goblet]

Do SLP token holders also get revdis rewards for their ilv portion?

[urban ice]

Ready for Next week you think?

[atomic lagoon]

yes. for people who staked in Sushi LP, they will get RevDis for ILV portion.

[cunning perch]

depends on the audit

[hollow goblet]

What ilv amount would make sense to claim from rewards given current gas fees? Going to wait for v2 to claim ilv rewards

[cunning perch]

It only makes sense when you are comfortable claiming. some do claim when gas = 1% of the value of the total rewards while some would go for 10%

[hollow goblet]

Trying to work out when it would be more profitable to claim based on compounding interest for ilv being staked (weight 2) … i.e. 1 ilv vs 10 ilv

Obviously the longer we wait the less the gas fee, but when would the compounding interest exceed the gas fee

[cunning perch]

You can do what I mentioned in my PM or check with pinned calculators in the channel.

[unkempt osprey]

I just got DMd with a scammer site that is very convincing. It's the same domain name but is a .com instead of .io. Be careful fam, they're advertising a V2 binance pool that I'm sure is also illegitimate.

[cunning perch]

yes that website is scam. and no other pool beside ILV staking website is legitimate. Thx for beiung vigilent and also send the full ID of the scammer in #🚨❗〕report-scammers so we can ban them

[unkempt osprey]

I should've done that first. As soon as I reported them to discord they were deleted/hidden from my list. Will report to Illuvium first next time, ser!

[analog aspen]

hello

[cunning perch]

Hey. Watch out for DMs guys. They are scams

[lunar marlin]

Where can I read more about Staking V2?

[cunning perch]

[lunar marlin]

Any official data for V2 release?

[cunning perch]

January. No date yet

[lunar marlin]

Thank you. Would it make more sense to wait to migrate or simply stake in the beggining of January and instead upgrade when V2 lands?

[cunning perch]

That decision is soley on you. You know what best works for you and investment. For nome it's now, for others it's later.

[lunar marlin]

In this case I'll have to keep reading to better understand the actual differences between Upgrade and Migrate

[lunar marlin]

Ok, so... If I simply deposit in V2, is that still called a Migration?

[cunning perch]

if you deposit directly on V2 you won't need to do anything.

[lunar marlin]

Coolz! V2 staking will have a tab for itself in the main website?

[cunning perch]

#🚰〕leaks message

[lunar marlin]

Interesting! But I mean, will the V1 staking tab still exist or will V2 override it? I mean, where exactly will we hit the Upgrade button? (if you know what I mean)

[cunning perch]

How the website is going to be integrated is not clear. we'll see in January

[paper shale]

Will v2 staking allow me to migrate tokens from a phished wallet to a new wallet address before they vest?

[cunning perch]

you cannot do anything if your tokens are locked. Only unlocked tokens can be migrated to new wallets.

[paper shale]

They are locked currently, but when I was phished 3 months ago I asked about moving them to a new wallet and people said staking V2 will alow me to do that. All I'm trying to do is ensure the asshat that phished me doesn't get to claim my tokens when they vest

[cunning perch]

Yes V2 will help, but only the unlocked tokens. If they are locked, nothing can be done. After you upgrade (in2-3 weeks) you might have the chance to claim your rewards to another address, but that is not yet clear. But the physical movement of locked deposit will not be possible until the tokens are unlocked.

[paper shale]

Rite on. Someone just claimed the rewards yesterday actually, so now it's showing they are locked at 2.0 for 364 days.

[cunning perch]

So they already have access to your stake and wallet and probably know about V2 and its features. It's going to be tough.

[paper shale]

Exactly why I'm trying to figure it out asap. As of rite now the only thing I can do is wait till they vest and be the first to claim. Do they vest at midnight day-of?

I don't think they know about the features though, I'm pretty sure they claimed the rewards thinking they would be released. In reality all the did was spend gas to transfer the rewards to a new lockup period, but I don't think that was their intention

[cunning perch]

depends when and what time you staked them. If they are locked for 1 year then they will be unlocked in exactly one year.

[cunning perch]

They may/may not. you should always consider they know.

[north sundial]

Hi Guys, does anyone know when staking v2 is launching?

[cunning perch]

January. Date unknown

[north sundial]

Thanks Arash

[paper shale]

So they will be unlocked at the same time of day that I staked them? That makes sense and will be helpful in retrieving them

[cunning perch]

probably. Also you need to check to see whether there is a bot in your wallet as whatever enter it might get sent back to the scammer. To do whatever with the tokens, you need to have ETH to cover the gas fees

[paper shale]

I actually recovered some other tokens from the wallet after it was phished, so I'm familiar with the process. The bots are the only element I can't control, but when I transfered eth to retrieve the other tokens it was ok. I was also able to recover the unused eth from the txn.

[winter cove]

When v2 becomes available, if I want to deposit LP, will I have to make it in Sushi? In ETH network?

[cunning perch]

Hope you can save your tokens

[cunning perch]

You will have to follow this always:

[woven ibex]

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

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

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

[cunning perch]

Also watch out for DMs. They are all scams

[paper shale]

Thank you friend. Thanks for the information too, every little bit helps me hopefully keep what's mine 🙏

[cunning perch]

anytime 🙂

[winter cove]

I see. Do you know how much, aprox, will I have to pay in gas fees in order to create an SLP of around 1 ETH with 3.5 ILV?

[cunning perch]

atm gas is high so you will have to pay a lot. No fixed amount as gas is pretty much volatile

[winter cove]

Depending the time of the day, the gas will vary from 50 to 120. If I can create the LP when gas is at 50 do you know how much, aproximately, will I have to pay in gas fees? There are serveral transactions. There is one gas fee to authorize Sushiswap to access my ETH, another gas fee to access my ILV and then another gas fee to create the SLP tokens. Without actually doing it, I can only see the first gas fee for accessing my ILV, which at this time is around USD 35. I estimate that the gas fee for accessing the ETH will be similar. However, the gas fee for creating the SLP tokens is usually much higher, 5-10x the other fees. Is this a correct estimate?

[cunning perch]

Since this is your first time staking and you have no pending rewards in Core Pools, you need to pay gas for Sushi approval, SLP creation, SLP approval im ILV website, SLP staking. The latter should cost more. So if you are planning to enter at 50 Gwei, you should put around $150-200 on the side just to be safe. Then for each claim you will need to pay gas. If you claim rewards on V1, you will pay for 2 TX each time you claim SLP rewards. If you wait and upgrade to V2 (and pay gas ofc) ypu will need to pay for 1 TX. make sure you go through the pinned messages for V2

[winter cove]

And all of this will stay the same when V2 is live, is this correct?

[cunning perch]

claiming will change for sure. would be more gas-efficient.

[winter cove]

However, nothing related to the creation of the SLP will change, correct? Do you have plans for allowing staking of an LP created on BSC network?

[cunning perch]

We will never be on BSC. it's always on ETH mainnet. LP creation is always the same as is with other tokens and other pools. you will have to follow the link I sent some PMs above

[tawny lynx]

i all i have a portion of my SLP stake coming to an end in a few days. if i do nothing, will it just continue to stake? or does it become unstaked automatically?

[worthy canopy]

It'll just continue to stake and it'll maintain the weight according to the original lockup period

[cunning perch]

First I have to warn to be careful with DMs. They are scams. Second, Nothing is automatic in ILV.

If your tokens had been locked and now unlocked, if you are happy with the weight, you can upgrade to V2 when it's live. If you want more weight, you will have 2 options:

A: withdraw now and stake directly on V2: In this case you won't need to upgrade, but you will be forced to claim rewards upon withdrawal.

B: upgrade to V2, then withdraw: this way you pay less gas cuz you won't be forced to claim rewards, but you pay for upgrade gas.

[tawny lynx]

thank you! is V2 live ?

[cunning perch]

As I mentioned "When it's live" so nope 🙂 it will be in January

[fresh blade]

For people that stakes already, when do you get your rewards ? every month ? the 2 of every month ? i couldn't find the information. Thanks !

[magic eagle]

guys should i staje now or wait for v2 ?

[cunning perch]

every 15 seconds. You will have to claim occasionally and pay gas each time

[cunning perch]

That's your choice. If it's small wait for V2

[fresh blade]

ha ok, thank you

[nova marsh]

I’ve heard the lock period is moved up to two years for 2x in v2 is this mot true?

[pure eagle]

No it is not, it was proposed on the first draft but got changed back to 1 year lock period for a 2x

[versed coral]

Just trying to understand, why is the gas shown differently on the illuvium staking website and on sushi swap? For example ilv website is showing 83 gas while sushiswap has over 100?

[cyan rampart]

Probably a function of how often each site is updating their gas tracker, and from what source. I like to use the Etherscan Gas Tracker, as it shows high and low gas prices from every block.

https://etherscan.io/gastracker#historicaldata

[hollow goblet]

I have 3 ilv and ETH locked for 52 weeks on staking v1. I want to add another 3 ilv and ETH for another 52 weeks. I have not claimed any rewards yet. What are the costs for v1 vs v2 to add the second amount? I understand that upgrading will cost 1 gas fee for the slp pool even if I stake twice. But rewards I would incur a higher cost if I stake now in v1?

[hollow goblet]

And does the rewarded ilv auto compound or earn yield if I don’t claim it?

[fresh grail]

In V2 you only have to claim 1 reward if you want unlike V1 when you are forced to claim both. ILV rewards do not auto compound if they haven't been vested yet.

[lunar marlin]

Deposited Stakes that are now Unlocked and are not Withdrawn keep earning yield?

[hollow goblet]

Which are the two rewards in v1?

[fresh grail]

Yes. they will also have the yield rate that you had when locked too

[fresh grail]

Single pool and SLP

[hollow goblet]

Has this from Deraji been pinned yet? I find it very useful https://www.publish0x.com/ilvfi/staking-illuvium-how-often-should-i-claim-pre-buying-ilv-xnxkrdw

[lunar marlin]

thank you toughman

[hollow goblet]

And it’s claim per staked / vesting amount too, so I would have 2 more claims for the new amount

[fresh grail]

In V1 yes. When you add a new stake you are forced to claim both pools. I'm not 100% certain with V2. I believe you only have to claim once or none at all to add.

[hollow goblet]

If I upgrade a v1 to v2 and then claim ilv reward, will that ilv go into a v2 migrated pool?

[fresh grail]

Yep

[grizzled granite]

hey friends may i please kindly ask

ive always been wondering in the core pool, it says do i want to claim SILV or ILV

i usually always take SILV

now i just realised

if i claim ILV

does that compound at the rate of the single pool at 38% or at the LP pool at 363%

thank you

[unique vine]

is it worth it to stack on LP sushi/ILV if i own about 2.5k usd of ILV spot (binance)

i ask since i will pay many gas fee approving contract and the LP etc etc im not sure its worth to do it. advice???

[fresh grail]

All claims will be vested in the ILV pool. So compound at the single pool rate

[unique vine]

advise*

[fresh grail]

Hard to say, but with V2 being so close. If it was me I would wait until V2 seeing as it might only be 2 or 3 weeks away.

[unique vine]

v2 staking that is right...?

[fresh grail]

Correct. Say you stake now. Your rewards may only just cover the fees of migrating and also claiming.

[unique vine]

tks Thoughtman i will hold into V2 and keep an eye on the annoucements. Thanks

[fresh grail]

Use the calculator made my Deraji in the pinned section. Have a rough calculation of the numbers, but it sounds like if you stake now you might be back to square one if you did stake now

[unique vine]

i ll wait for V2 no rush but thanks for the tips, and ll definitely use the calculator then.

[teal talon]

wow I love this community

[ember ginkgo]

And we love YOU

[versed coral]

I have bought one more SLP, is it worth to stake it now or wait for v2 first?

[final mural]

is there any docs where i can get more info on v2 and what its about?

apologies if this is an obvious qn

[stray eagle]

Pinned messages

[jovial root]

In my opinion, if you have 1x SLP, that is a good value, and with GAS cheap
.. I would stake it.

But that is me.. and I have paid more than $7000 in GAS fees in the last 6 months... so probably not a smart man to listen to

[steady lodge]

Hello, i just recently created an LP pool of the ILV-ETH, what does "claiming" mean of the ILV, does claiming mean staking it to the single ILV pool ?

[versed coral]

Hi, I have just staked it earlier at around 50 gas. Also noticed that I only needed to claim the SLP pool rewards as I claimed sILV. Otherwise I would have needed to claim from ILV pool too and pay more gas. But it was not that much so probably was worth it to stake now

[jovial root]

Yes. Unless you choose to claim as sILV

[steady lodge]

thanks ! 🙂

[half light]

Damn when is V2 going to be released!! I want to stake but I'm not sure. the amount of gas I'll have to pay is a lot. 2 x claim fees & migration to V2 gas when that comes out. It's probably what 400+ dollars?

[jovial root]

About that, yes

[urban ice]

how much will cost to stake to V2?

[jovial root]

Not sure. I assume half the current GAS cost but also you can claim separately or together. So greater freedom of choice

[urban ice]

thanks

[analog aspen]

need help working this out

[cunning perch]

watch out for DMs. They are scams

[analog aspen]

righti understand that

[quaint cradle]

Friends, anyone direct messaging you offering to help you is a scammer. Please be careful.

[slate rune]

Any prediction on the staking ILV 2.0?

[stray eagle]

2 weeks

[sleek finch]

Hi there ! Can anyone explain me in details what "staking in the ILV core pool" does ?

I understand "staking in the Sushi LP core pool" refers to liquidity mining ILV/ETH similar in what you will do in Uniswap.

But I cannot find information on the different guides about what "staking in the ILV core pool" exactly does. Thanks in advance.

[brisk surge]

currently it gives yield farm rewards, in the future it'll also give revenue distributions per ILV you hold

[sleek finch]

So the first one is more yield farming and the second is liquidity mining ?
But how these locked ILV are used/invested ?

[shy storm]

Hi, if your staked locked period is over, and you don't take out the ILV or SLP, will it keep vesting at the same weight as the locked stake was?

[midnight crow]

yes

[shy storm]

Clear, thanks

[severe igloo]

How are the stakers nowadays ? 😎 ❤️

[ember ginkgo]

I guess most are happy to stake a $1K stable coin at this APY

[normal tundra]

Hello 👋 I was wondering if anyone could point me in the direction of a website that can help me figure out when the best times are for gas prices?. I wanted to stake but the gas is crazy right now.. 300 Gwei 🤯

[craggy field]

https://ethereumprice.org/gas/
You caught a bad day haha Usually gas is low around 7:00-11:00 UTC time that along with weekends and you should see the lowest gas

[normal tundra]

I did catch it on a bad day haha thank you I’ll have to try and plan ahead for when it’s lower

[nimble basin]

Is there an faq for staking? (trying to understand how it's used/what the conditions are for me getting a return on my staked ethereum)

[cunning perch]

you can go through pinned messages and #🎨〕community-content vids. Also don't asnwer DMs. They are scams

[ember ginkgo]

Yes and please remove this fake link

[cunning perch]

D.O.N.E

[ember ginkgo]

What a ateam

[cunning perch]

def. We rock 😄

[nimble basin]

I would've really benefited from there being some discussion that it was a scam...

[cunning perch]

There are lots of discussions. You can check #🚨❗〕report-scammers

[nimble basin]

just feedback from someone who is new to illuvium. this channel legitimized the scam from my perspective. obviously i need to be more diligent in the future

[cunning perch]

Sure. Always keep in mind that all DMs are scams unless you literally ask a person to DM you and IF that person is legitimate himself

[remote fern]

Hi community, hope you are all doing well! I'm currently looking to stake some ILV, the only thing that worries me a bit is the gas price, It was 233GWEI and now it's 155GWEI. What's the middle point for gas fees? Any suggestion on how much GWEI is ok to pay for?

[versed coral]

I would say wait until it is around 50. It has been around the value quite frequently

[cyan rampart]

I like to wait for 60-80 range personally. It's totally up to you what gas price is acceptable, some people don't care, but others will wait for at least sub-100.

[remote fern]

Thank you so much for the guidance! I appreciate it greatly since I'm relatively new and don't have a basic sense of what is ok to go with regarding GWEI. I want to stake as early as possible into this beautiful project; only the gas seemed a bit too high at the moment.

[tired cosmos]

Status v2?

[queen grove]

Here's an actual educational moment. Appealing to all teachers out there. Could you guys show us the relationship between my amount staked and the reported APY. How do we use the APY to 1st) to project where we will be in 12 months 2nd) to determine monthly yield at that point or just anything. Go wild.

Need numbers for examples? 20 ILV staked in the normal pool. That's not too crazy at this point.

Or of course a youTube video would be fine. 🙄

[jovial root]

Did you check out the pinned msgs here? There are a number of calculators that show it all to you

[queen grove]

Eh, yeah. I know APY calculators, but that's not quite the same as having people walk you through it.

[jovial root]

This is my preferred

#🥩〕staking message

[queen grove]

Looks like fun to play with.

[jovial root]

Watch this video

https://youtu.be/7T2WzeXWC4k

[queen grove]

Seen it

[jovial root]

It is great, because it factors in the decreasing rewards over time and the compounding effect of claims

[queen grove]

Yes, it does look like something that can give me more accurate predictions. I'm not sure I'm making my point clear though.

[jovial root]

Glad you have done your homework before asking (sooo many people dont)

But yeah, not sure what you are asking

[brisk surge]

its impossible to calculate due to unknowns, so, just have to make whatever assumptions you want and see

[queen grove]

Instead of asking the same 10 boring questions over and over ad infinitum in this channel, maybe we could take an hour off and teach each other some actual macro economics like how to do APY and really TRULY understand things like how often you claim rewards affecting your compounding effect and offsetting some of the gas fees.

Looking for other people who know about what their numbers are but don't 100% feel comfortable with tossing those numbers around like a ball and seeing the different scenarios. Looking for a real conversations instead of: uhhhhhh, what's the drop in yield....I mean, what's a fortnight.

Not that I'm trying to make fun of those people. It's hard keeping track of everything. I've put in a lot of work to know the details. But understanding is the real key.

......hm. But for my own personal needs, that calculator looks like it will do the trick. Damn handy
Go on about your business. Thanks @jovial root

[jovial root]

Agree with everything you wrote above about a more in depth actual conversation.
But the truth is sometimes you get exhausted from trying to help the new comers, that your brain just auto functions on that lower level - kind of like an Automode to respond to Wen Land, Why Expensive, Wen NFT etc

Plus.. haven't had my morning coffee yet

[queen grove]

😅 ☝️

[paper shale]

Current apy on staking to core pool is abt 19%. Disregard whatever they quote on the sight. I've had 5 ilv staked for 3 months and the yeild has been less than 20%.

[silent arrow]

because it s $ value and not ilv, it has been explained already 🙂

[cyan rampart]

With a 12 month lock?

[paper shale]

6 month

[cyan rampart]

26 week lock is 24.61% APY rn

If it's been 3 months it makes sense you'd see about a 19% return so far, because the APY was probably roughly 45-50% when you staked, correct?

[paper shale]

But the theoretical apy is adjusted with the term, when you choose the length of the period. When i chose 180 days it quoted 56%. Never at any point were the rewards anywhere close to 50%

Nah, the apy i qoted is the yield from 1 month multiplied by 12

[cyan rampart]

The APY is floating, not locked. So you get the instantaneous APY every block - As more rewards are claimed as ILV diluting the pool, the APY decreases.

I dunno, I was staked in the Core ILV Pool only for quite a while and the APY has always been accurate for me.

[queen grove]

It's pretty close for me (ONCE AGAIN, IF I TRULY UNDERSTAND HOW TO CALCULATE ACTUAL YIELD, 😂). I think since I last collected (19 days) I've gotten 27% with my own calculations. It's not 32% but it's pretty close.

[humble heron]

Can you stake both Core ILV and SLP at the same time? I'm staked in the Core pool now but want to add some into SLP so want to make sure I understand what will happen. TY

[echo ember]

Yes you can. You pay separate transaction fees and rewards are calculated by each individual pool

[trim holly]

Will there be a polygon staking?

[silent arrow]

nop, the game is based on eth netword.
maybe at some point stacking will move to the layer 2 used by the game (immutable x) to avoir fee, but not confirmed yet

[craggy field]

So what i did was guess how much i gained at the start from the SLP pool and ILV pool combined, and compared it to the expected amounts when i claimed my rewards.
This showed me that i had roughly 12% less ILV rewards each month than i should have with 0 decrease, which i then call the growth factor. Then put that growth factor out in a sum calculator; initial amount gained in 1 month * 0.88^n with n = months and i had a rough estimate of the amount if ILV i would have at certain points in time.
This is a moderate point of view as the decrease is quicker when the price is lower as people are less likely to buy whrn the price is high. But with the game coming in it takes that into account as people get hyped and buy regardless of price. A growth factor of 0.97 would be wishful thinking but 0.7 would be too bearish imo.

If i wanted to have the daily growth rate I would do the 30th sqr of 0.88: 0.88^1/30
But this is only an approximation and not truly accurate.

[harsh idol]

anyone send me a link to stake info/video

[jovial root]

Check pinned msgs

[analog aspen]

need help staking

[ember ginkgo]

Start with looking at this video: https://youtu.be/7T2WzeXWC4k
Let us know if you need more help after

[atomic lagoon]

Do not trust DMs! DMs are all scams!

[steel escarp]

how do i unstake my ILV? i don't see an option in the UX

[analog aspen]

got it! cant wait to stake more

this is the gR8

[atomic lagoon]

go to vesting tab. you will see withdraw.

[narrow merlin]

!contract

[woven ibex]

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

[narrow merlin]

Can someone send contract address for SLP to add in metamask?

[atomic lagoon]

0x6a091a3406e0073c3cd6340122143009adac0eda
if I am not wrong

[scenic heron]

hey guys

[scenic heron]

when staking will be started?

[atomic lagoon]

staking has already started since June 2021. 🙂

[hallow perch]

Hi there, sorry if this was answered, but I'd like to stake, however I was told to wait for staking V2, is that true?

[jovial root]

Depending on how much you want to invest. Because the Gas fees are significantly cheaper on V2

[fresh grail]

You don't have to wait, but if what you're going to invest now is too low to cover fees, contracts and migration from v1 to v2 it might be worth holding off until v2. There is a calculator created by Deraji in the pinned post that can help you determine what your rewards might be and it's up to you to make the call on if it's worth it now.

[hallow perch]

What's the amount that would be alright to invest now? There is a lot of fees, even for just buying ethereum O.o

[languid bobcat]

hey guys，my slp staking is expired，how could i unstake？

[atomic lagoon]

go to vesting tab >> withdraw

[languid bobcat]

thx man

[narrow merlin]

Thanks

[maiden musk]

I was DM ed about the staking. Is that a Scam???

[coral pike]

🚨 PSA ITS IN YOU BEST INTREST TO TURN OFF DM IN SETTINGS ANY DM ABOUT ILLUVIUM OR ANY OFFER TO HELP BY DM IS A SCAM🚨

@mossy dust #🥩〕staking message

[lunar marlin]

General rule = if you're DMed, its a scam

[junior pumice]

What is staking ILV?

[cunning perch]

!read the following docs and watch out for scammers. They DM you so ignor and report them.

[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

[untold cliff]

are there advantages/disadvantages staking ILV or slp? i mean the apy for slp is way better

[cunning perch]

https://academy.binance.com/en/articles/impermanent-loss-explained

[hollow blaze]

Hi all. I uncountered the below error whule

Fail with error 'ds-math-sub-underflow'. While I was tryting to stake my ETH - ILV LP. Any advice?

[hot lynx]

V2 👀

[cunning perch]

Make sure you have enough gas to cover the costs, wallets/browsers updated, cache cleared, and if it continued, change your browser.

[cunning perch]

Still some time away 🙂

[hollow blaze]

It worked in the end! The transaction went through 2 times. 1 successful, 1 failed. Weird.

[cunning perch]

might have been a gas issue then. At least it went through. Also watch out for DMs. They are scams. Telling you since you are new to the server

[tired cosmos]

is the latest update on v2 pinned, or can be found elsewhere?

[cunning perch]

everything we know about V2 is pinned. Also Vetemor has 2 vids explaining it

[manic spindle]

We're still waiting on a new proposal for V2 to vote on for the final details 🙂

[tired cosmos]

Thanks. I'm guessing another 2-3 weeks then. Shouldn't have bought SLP early dec xD

[hot lynx]

That developed quick 🤣

[hot nimbus]

How much SLP needed to get one ILV daily as reward?

[atomic lagoon]

20+ SLP

[midnight crow]

22

[midnight crow]

But the return is going down all the time so in a few weeks 22 will not be enough.

[hot nimbus]

Thank you. So it takes about half ILV and half ETH combined. 22 SLP looks like is worth about 100k😕

[midnight crow]

If you think about it getting $1000 a day by putting in $100k is not that bad as an investment (If ILV holds its value and you don't get too much impermenent loss). But, as I said the amount you will get will go down little by little over time. Also, we have March where people who have a ton of ILV can now sell a portion of it. But, then the game is coming out. Many factors! NFA.

[cunning perch]

gone

[ember ginkgo]

Was just tagging you

[cunning perch]

yeah I know that's why I said "gone"=D

[ember ginkgo]

Then why is that message still in #795845536128303175

[cunning perch]

Discord bug

[digital mountain]

I'm new to staking in the game, wanted to do this before land to not miss out. But idk if its better to wait for a possible V2 and wait who knows how long or if its better to just start staking now? any help would be great. Also should i buy straight SILV from UNI for better Land buy in Jan or Should I take the traditional route or maybe both?

[atomic lagoon]

The gas fee you save by waiting for v2 may be only about $100 - $150 max. If you think the reward will outweigh the gas fee, go for it now.
Personally, I would swap sILV from uniswap to buy land. NFA
Most important of all, do not trust DMs!

[digital mountain]

thanks

are their any guilds in this community i don't see a room for it, I would think for this game that can be an advantage.

[atomic lagoon]

you can check out guilds in #899655780033261639 . Feel free to join the one you like.

[valid zealot]

Anyone else see the new scam site “illuvilum” offering staking for ETH and BNB. Watch out people! Scammers

[wet timber]

To restake do you have to withdraw the ILV thats unlocked and go through the process again or is there an easier way?

[cunning perch]

could you elaborate (re-stake)? what do you mean?

[wet timber]

My tokens unlocked and i want to stake them for 1 year

Vesting page just says “withdraw”

[cunning perch]

yeah you gotta withdraw and then stake and lock. you have 2 options:

1. upgrade to V2 and then withdraw and stake on V2 = this costs upgrade gas, but saves you the forced claim when withdrawing.

2. withdraw now and then stake on V2 = this will save you upgrade gas, but you will have to pay 2 gas if you have SLP

[wet timber]

Ok thanks

[wet timber]

Staked 26 ILV for 1 year

[cunning perch]

awesome

[uneven bronze]

Yes. Examine the URL in the link. Is it probably something very close to illuvium but not quite. I recently saw illuvlum.com.

[unique grail]

Hi, quick question before I go to sleep heheheh what should i do next after that number 2 goes to zero or when it unlock?

[cunning perch]

I can give you a similar answer like this #🥩〕staking message

[unique grail]

Oh thank you i'll check that 😁👌

How do i upgrade to V2, I've read that last month Staking will be upgraded to V2 with some good benefits. But how do I upgrade?

[cunning perch]

it's not out yet 🙂 in 2-3 weeks

[unique grail]

Ahh I see I guess I missed out that schedule last time. Which means this will remain unlocked and stay there until V2 launch? And by means of withdrawing it is by converting it back to ETH then to my wallet address?

[cunning perch]

yeah if you let it sit there until V2, it will still get rewards. If you withdraw, you can turn it back to ETH/ILV (whatever is left of it anyway)

sorry

You have ILV. You can withdrwa it and swap it with ETh or whatever you want. I thought you had SLP

[unique grail]

Right cause I am reading the point number 1 and 2 trying to understand it. It's just this was just a test Staking for me way back in August to have a better understanding and to ensure I have full knowledged before betting i guess big amounts heheheh. So in my case best to do was just let it there for a while including the $iLV, then wait until V2 Launch then reStake? That way I don't have to pay extra Gas? Dis i got it correctly 😂

[cunning perch]

yeah in your case, you can just let it sit there and then decide whether it's best to withdraw or upgrade to V2, that is if you wanna continue your stake.

[torpid venture]

Would waiting until v2 drops to invest be the move then?

[unique grail]

Great that's awesome, cause I was just out in the community for a while and fail to catch some latest updates. So all in all it will just stay there and will not go to Metamask cause i will not do any swapping back to ETH right?

[analog aspen]

yoo

[cunning perch]

foe smaller investors, waiting for V2 is a better choice.

[cunning perch]

yeah you will have to manually withdraw it if you want (and be forced to claim rewards)

[unique grail]

ALright thanks so much for clearing things up for me Sir. Keep safe 😁👌

[delicate plaza]

Hey Arash - I've been holding out for V2 but it sounds like the date keeps getting pushed back. Did they confirm it won't be till mid Jan or later now?

[cunning perch]

There is no confirmation yet. Aaron said he's been working on the Dev Blog if I remember correctly. That should provide some updates. But afaik, it is still being audited. Better to be safe than sorry. The delay is worth the wait.

[analog aspen]

getting it done

How are we feeling today guys? Just watched some previews and so stoked !!!

[delicate plaza]

Ok thanks, is the dev blog due to be posted soon?

[cunning perch]

Aaron posts it after the month is over. So should be soon.

[delicate plaza]

Sweet thanks

[silver sky]

If you have a vested stake and claims pending. If you remove the staked tokens, does that automatically claim the rewards? Would it save a tx cost or does it just cost you both?

[final steppe]

If you have rewards pending, withdrawing the staked tokens will also automatically claim the rewards. This is the preferred method if you are planning on withdrawing the staked tokens anyways.

If you pay gas and claim the rewards first... you may need to pay gas to claim rewards again when you go to withdraw staked tokens because a small amount of rewards may have already accumulated in that time between claiming the rewards you had and withdrawing your stake.

[brisk surge]

Damn APY dippin

[hollow goblet]

How much investment would make waiting for v2 a better choice?

[fresh grail]

NFA. At least 5k-10k to make it worth now, but this is a rough number.

[final steppe]

!scam

[woven ibex]

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

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

[hollow goblet]

Thanks! From rate of earning rewards on $5k to $10k seems to make sense

[fresh grail]

5k right now gets you around $40-50 a day in rewards if in the SLP pool locked for 1 year. Any lower you just risk being back at square one or having to fork out more and not lock.

[rapid sentinel]

5K you mean 2.5K ilv/2.5keth or 5K both?

[fresh grail]

Correct, but you'll need to factor in the fact you need some ETH on the side for all those fees too. If V2 comes out within the month might be worth just waiting.

[hollow goblet]

I’m sure the devs could make it so that v1 stakes will work once upgraded to v2. Not sure what the technical blocker would be that prevents locked v1 stakes from fully working with v2

[rapid sentinel]

How much likely is v2 to come out in January?

[wicked sail]

Staking V2 will happen before the land sale?

[mystic thorn]

Yessir

[sharp bone]

When staking In the LP.
Do you still get a portion of the transaction fees when you unlock from sushi?

[jovial root]

I was told that this was already factored into the APY or similar

[rapid kestrel]

It was mentioned before but i might be wrong. Transaction fees from the LP is automatically added into the value of your Slp token.

[unique grail]

Hi, Good morning/Good Day/Good Evening..... Just a follow up question when it comes to Staking as well as on V2 that I forgot to clarify earlier. I just got my small staked amount unlocked, and if I press "Withdraw" from my unlocked staked and also press either "Claim ILV" or "Claim sILV" then they will go to either "Your ILV Balance" or "Your sILV Balance" is that right? And then just let them sit there in the Balance section and wait until V2 launches this January and then reStake them on V2? Cause I forgot to ask if this was Arash means earlier. 😁

[digital mountain]

!contract

[woven ibex]

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

[rapid kestrel]

If you click claim ILV they will be automatically staked in the core ILV pool for 1 year due to vesting period. If you claim Silv it will appear in your wallet and Silv balance ready for use.

[unique grail]

Ohhhh Now I it's getting clearer for me. So it is better to wait for V2 before I stake again? Then the only things that will go on my balance for the mean time is coming from rewards which either I claim ILV or sILV then it will stay there and let it stay there until the game launches?

[rapid kestrel]

Personally i have a small amount so I'm waiting for V2 to claim and upgrade all at once. If you claim/stake a small amount now it is not worth it as V2 comes out you will need to pay gas to claim rewards and migrate again. I saw some numbers here saying if Est 5-10k amounts might be worth it to claim/stake, but I'm not sure on this

and for ILV to show up in your wallet balance you will need to claim it from the vesting tab. Claiming Ilv from rewards will lock them up for 1 year vesting period.

[unique grail]

I see caused I only stake like 70bucks last August this year just to give it a try have better understanding how things works. Waiting for V2 was the best option for this moment especially crypto values are not doing good. That's amazing for those who have invested big amounts and last time I've read and watched about V2 details, it has some amazing features and benefits if i got it correctly.

For sILV maybe I'll just wait also till V2 comes so I can fully decide cause I'm planning to use rewards as sILV and then aave more sILV when everybody is already playing the game and then used it in game whenever I needed or feel to do so. While the ILV side will be mainly for my yearly profits or also get a small amount as timw goes by and use it in game as well. 😋

[radiant stratus]

can silv be steak, too?

[fresh grail]

No, sorry it can't

[knotty heron]

Hey guys, so i connected my ledger to my metamask and did the delete and get new metamask and import method, its all set up and my ilv staking address is now hardware with no seed phrase for it on my pc.

Ive noticed i can still put my password into metamask and access my ilv staking dashboard without the ledger being plugged in, is this normal? But i (or a hacker) wouldnt be able to actually make any transactions or move my unlocked tokens without the ledger being plugged in?

[jovial root]

My understanding is that it is just holding the last "image" of your Ledger account. And cannot actually do any transactions without the Ledger approval.
But someone else should also answer to confirm

[knotty heron]

Hey dude, you were the one that helped me out in the beginning and that video you sent me was perfect so thank you for that.

Yeah okay thats pretty much what i thought but just wanted to confirm.

Well im all secure now! Officially have a cold hardware wallet to protect my ilv!

[jovial root]

Glad I could help, and even more so, I am happy that you took the time and effort to ask, learn and understand the deeper parts of securing your investment in Crypto.
Hopefully it is the start of your very successful journey with Illuvium !!

[knotty heron]

Cheers mate, I have actually been involved with Illuvium since the very beginning, I just never had a hardware wallet until now, i wish success to you too, thanks again.

[jovial root]

Well in that case, I welcome myself to Illuvium, and thank people like you and your early support for helping encourage the Dev team to push as hard as they have!!

[fresh grail]

Am I reading this correctly? You added a ledger to an existing MM wallet?

[jovial root]

Transferred the MM wallet to a Ledger (using Seed phrase).
Then delete the MM from computer (to remove all record of the previous wallet and Seedphrase), then install new MM to create a new Seed and wallet address <-- then use that as a bridge to access the wallet stored on the Ledger

It won't help if your Wallet or Seed is already compromised.
But will help stop it from happening in future (as they would only get access to the Bridge account Seed, not your actual account Seed).

[fresh grail]

Can you still do this if you're Staked?

[jovial root]

Yes. You are not transferring the Tokens or anything, it is just moving the wallet from your Computer to your Ledger

[jovial root]

#💰〕token message

[fresh grail]

Hot damn, I need to do this haha

[fresh grail]

LOl nice. I started to watch that exact video 2 mins ago

[knotty heron]

When he first explained it I didn't really understand but once i watched that video and followed along it all made sense, it is really smart, now my main seed phrase isnt stored anywhere on my pc, only my hard copy. Gives you that peace of mind haha.

[fresh grail]

When I read it before I had to double back because I was like, "wait...no way." I'm the same as you I invested into ILV ages ago so my investment wasn't worth all that much then. Now it's a little larger 100% worth the peace of mind

[knotty heron]

Yeah man, go get that peace of mind!

[sacred cosmos]

Oooh nice to see this catching on. Yeah, it adds a layer of protection to ensure your seed is nowhere in your PC should it get compromised but it doesnt help a wallet whos seed phrase has been shared sadly.

[limber stirrup]

Where is the best place to see our staking information?

Sushi doesnt show me what my pool is doing and how long it has left

[ember ginkgo]

https://staking.illuvium.io/dashboard

[limber stirrup]

You are a gentleman and a scholar

Think i've done something wrong ?

[ember ginkgo]

Whats up

Check the vesting tab on that website I send

[limber stirrup]

just gives me the option to stake

[ember ginkgo]

https://staking.illuvium.io/vesting
Do you see them here?

[limber stirrup]

nope

[ember ginkgo]

Is your metamask connected to the website

[limber stirrup]

Yeah I think I staked through Zapper.Fi or therabbithole or something maybe its played up ?

[ember ginkgo]

You'll have to wait for somebody else to wake up, I don't know 😅

[cunning perch]

You can check the “vesting” tab to see your tokens and vision.apy to check how much IL you’ve undergone.

[fresh grail]

I'm at the final stages now. Did you have a problem where you change to BIP44 and it closes the Bridge? EDIT* Nevermind I got it!!!

[fallow stirrup]

Guys how is the gas fee now is it worth it to stake ?

[ember ginkgo]

Depends how much you are staking 🙂

[fallow stirrup]

I dont have much what will be the minimum and gas fee !

[mystic thorn]

gas right now to stake is probably around 150$

[fallow stirrup]

Oh ok thank you

[mystic thorn]

if you would like to just play the game you can buy sILV

[jagged shard]

If i stake ilv and i want to stake another ilv i pay the gas again?

[atomic lagoon]

yes

[spice vortex]

If you stake a ILV roughly how much are you making in sILV in the vesting that will be able to use in the game. Like 1 ILV staked = how much daily or monthly sILV. I want to stake some ILV so im ready to have some sILV in the game but not sure about locking up for a year if its like .00000001 sILV per day which does nothing for us in the game at launch.

[cunning perch]

you can check withe the pinned calculators.

[rose ridge]

An idea when staking V2 will launch? Got some I want to stake but prefer tot stake in V2

[cunning perch]

January. Date unknown

[silk isle]

Guys Where can i purchase sILV

[cunning perch]

it's not a token that is officially sold in the market. you can officially get it through staking ILV and claim as rewards. Unofficially, you can buy from Uniswap, but sILV sold on open market is provided by random ppl who needed to have access to fast liquidity as their ILVs are locked. Now they sell it cheaper to be enough of an incentive for ppl to interact with it and buy from them. If it had the same value as ILV, then no one would buy it cuz why would they give up on the compounding effect of ILV and buy sILV that has no use case? (that's not question though )

Having said that. please trade at you own discretion as sILV pool is not genuine and not supported by ILV team in any way.

[silk isle]

Thanks for the answer .. I get it its not genuine. But sILV can be used from Land purchase right ?

[cunning perch]

yes

If your Qs are not about staking, you should ask them in #💰〕token or #🎮〕illuvium-zero

[silk isle]

Thanks

[hollow goblet]

Would gas fees and swap fee be cheaper to use ETH on Zapper.fi to deposit into ilv/ETH pool, or to buy ilv and eth separately off exchanges like gate.io and deposit directly into ilv/ETH pool?

[atomic lagoon]

yes. if you can buy from off exchanges, transfer to Metamask and stake, it is cheaper.

[hollow goblet]

Is it cheaper because of swap slippage? I wasn’t sure how much gas fees zapper.if would take, I thought it would be one gas fee instead of two under one contract

[atomic lagoon]

actually if you buy ILV and ETH from binance, crypto.com or KuCoin, the spot buying fee are much cheaper than paying for gas to swap. But I have never used zapper before so I am not sure about it.

[spice vortex]

I see alot of talk about waiting until V2 to stake. Im not sure where to read up on it but if its soon then why would I stake in V1 please just at a hgih level. I dont want to pay a bunch of gaas fees doing extra work to get over to V2 from V1 since etherum sucks for this so bad but Illuviam was worth it to me after seeing the recent game play though Etherum makes me cringe each time i use it when staking coins.

[clear cape]

well you shouldnt. unless its a big amount and the rewards u get will justify the costs

[narrow merlin]

Which is the genuine website address for uniswap?

[spice vortex]

Thanks for the reply.

[paper shale]

app.uniswap.org

[narrow merlin]

Thanks

[paper shale]

np. bookmark all authentic sites so you are never guessing

[hollow goblet]

I just asked on zapper discord - you don’t save gas - the swap and deposit transactions each incur a cost even though zapper handles it in one action

[polar abyss]

If I stake in the core Sushi LP and lock up and then wait for unlock period and then I unlock are the rewards claimed automatic or should i claim rewards before i unlock my pool fund ?

[brisk surge]

imagine when team goes ham on marketing and the real fomo sets in ... cant wait lol

[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.

[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...

[delicate cloak]

It's one of the changes planned for V2.

[brisk surge]

Thx, do we know yet when V2 will be live?

[delicate cloak]

No. It hasn't been approved by council yet as the first proposal had some changes to be made to it. We are expecting a revised proposal soon and will likely be voted on quickly. Once all is approved, it shouldn't take long to implement. We are expecting it in January sometime.

[deft cedar]

What if I dont want to upgrade my stakings to V2? I will pay fees that will decrease my (small) staking earnings to 0 💩 💩

[cunning perch]

If you don't upgrade, you won't get Yield nor will you get RevDis

[zenith thistle]

If your stakings is locked, you still get yield and revdis, right?

[cunning perch]

when V2 is up, after you upgrade, yes

[zenith thistle]

I am now staking and they are still locked for just under a year on V1. I can't transfer them to V2 if they are still locked? So then I don't get any more Yield and RevDis for a little less than a year? I think I don't quite understand?😂

Never mind I read now that you can upgrade if you stakings are locked😁

[cunning perch]

Migration happens when they are unlocked and you certainly won't have to migrate. But upgrading is a necessity and you must do it 🙂

[cunning perch]

yeah that 🙂

[zenith thistle]

Perfect 👌

[agile fiber]

Where can I see the price of 1 SLP ?

[cyan rampart]

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

[agile fiber]

Thank you

[lilac girder]

anyone having issues loading the staking dashboard?

[final steppe]

It loads for me 🙂
But sometimes I have to refresh or reconnect wallet a few times to get it all to load

[ember ginkgo]

Seems to be working for me

[stray eagle]

a question, if you have 16 pending ILV rewards, once you claim, you must claim all as ILV or sILV right? you cant mix

[final steppe]

If you're in both staking pools, you can claim 1 as sILV (do that one first) and the other as ILV.
But you wouldn't be able to split the claim of a single pool, if that makes sense 🙂

[stray eagle]

Im only in SLP, so I have to decide once I claim what I prefer

Will wait few weeks more until landsale to decide

[storm crescent]

Hello community ! I staked few ILVs in the ILV pool at 78% APY, now it is at 32.79% APY. Does the APY get "blocked" when staked or does it decrease over time (3% every 2 weeks) ?

Also, what happens when the ILV pool gets to zero % ?

Thanks a ton 🙂

[cunning perch]

Hey. it def drops. Nothing is fixed. and when it gets to zero it means Yield has ended (July 2024). You can stake or keep your tokens staked for 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.

[storm crescent]

Thank you Arash for your answer. Does it mean that from now on it will only drop for the next 8 months i have locked ?

[cunning perch]

No worries and yep 🙂 reward distribution drops 3% every 2 weeks

[storm crescent]

Damn... I should have staked those bad boys in the SLP 😅 I told my dad to do it in the SLP and he has more rewards in a week than me in 4 months hahaha

[cunning perch]

haha both will be fine 🙂

[cosmic trellis]

SLP won't give any rewards from RevDis and also carries the risk of impermanent loss

[sharp bone]

Is that confirmed. SLP does not qualify for RevDis?

[coral pike]

@cosmic trellis that is incorrect SLP gives REVDIS on the ILV half and if you collect ILV as your reward you will get even more revdis as when the ILV is vesting for 1 year you get revdis at 2x weight and you get ILV core pool rewards compounding

[red hill]

question: when staking SLP, is the displayed APY for just the ILV half (ie do I have to divide it by 2 to have the APY for the total capital)?

also when staking ILV, what is the "amount"?

[red hill]

ok, found the 2nd out myself: amount of SLP

[brisk surge]

No the APY you see is already for ILV/ETH with the correct ratio

[red hill]

ok thx. No idea why I did not do that before, but apparently, I did not... 😄

[red hill]

Question about V2: when I have a locked stake in V1 that cannot migrate yet, will the claimed rewards automatically be in V2?

Second question: if I have a locked stake in V1, will that require an additional claim operation compared to everything is in V2? (in the proposal it says everything could be claimed at once)

And third: is there an estimate about how much less gas is being used in V2?
(or to sum it up: if I stake today, is it a good idea to lock for 52 weeks or should I better lock for only a few weeks? And why?)

[paper shale]

You need to "upgrade" (pay the gas on the upgrade) to V2 to continue to earn rewards on your locked stake. if your staking 10 ilv or more, wait for v2 IMO. No sense in paying gas to stake to V1 and then pay more gas to upgrade to V2 in 3 weeks

If i'm reading the pinned message correctly, it claims that i cannot migrate my staked tokens to a new wallet UNTIL they are unlocked? But if i have to wait until they are unlocked, then that's pointless because i could just send them to whatever wallet i want attached to the stake.
So that means i CANNOT migrate locked tokens to a new wallet address on V2, only the rewards from the locked tokens? This is significant for me because i was hacked and the private keys for the wallet attached to the stake are no longer my own. The only thing saving them from oblivion rn is the fact that they're locked, and i'm going to have to get VERY creative to ensure the asshat that has my keys can't claim them when that fateful day arrives. I have a few ideas already, but i'm open to suggestions.

[red hill]

it's per transaction, so it's less of a problem if I'm staking more. I have already decided that part - I'll do it today. I do not trust software development timelines although the team is welcome to prove me wrong 😄

the question is rather: do I lock for 6-8 weeks or 52 before I hit stake?

[red hill]

that's how I read it - no V2 functions for stakes that are not migrated and you cannot migrate if locked - but better get a confirmation from someone official.

[paper shale]

depends on the apy your interested in. The longer the better, when it comes to reward distributions.

[red hill]

ofc, but it's gross APY minus gas fees - and the latter part could change the outcome 😉

if you are already staking, do you currently need one claim transaction per stack? And if so, how much gas is charged per claim?

[paper shale]

the gas will be the same to stake 1 coin or 100 coins, same txn so same gas fee. You need to pay gas every time you claim rewards, so it makes sense to wait and do it once at the end of the staking period, or if you want them released sooner you can claim whenevr you see fit. if ou never claim the rewards they will be auto-claimed when you "withdrawl" your tokens after they vest and the lockup ends. cheapest way to do it is like that

[red hill]

it's a bit more complicated. If I never claim, I miss the additional gains from the rewards in the ILV pool and the lockup period for the rewards starts much later. So claiming just once is definitely not optimal. I'd expect more something like once per month at least

but no idea what is best practice here - that's why I ask

[paper shale]

Yeah but like you said, the gas cost is going to offset whatever benefit you get from having that reward double weighted for the 1 yr following the claim. If you did it once a month lets say, then that's $50-100 a month x12. pretty much defeats the 2x weight of the reward lockup. I personally wasn't going to make any claims until i withdrew the coins, and then withdrawl the rewards an additional yr after that. minimum txn's and maximum reward apy. Either way the are going to be locked for 1 yr, so it makes more sense to me to have that 2x weight applied to all the rewards at once, and wait out the 1 yr period.

[red hill]

I see

so you actually never claimed, but you estimate it would be $50-100?

[paper shale]

I was hacked, and the person that hacked me claimed rewards day after christmas. it was $50. Gas is completely dependant on time of day and amount of network traffic.

[pure smelt]

Ayo where's my steak

[red hill]

ok, that is shitty. Well, in order to claim, that person needs gas. If you were the superhacker yourself, could you not just have a script that instantly transfers away any ETH and/or ILV that get added to that address?

although that would possibly just work once - the hacker could probably make something up that does everything in the same block

[viral sonnet]

this is speculation but a good read in regards to how often to claim ilv to benefit in compounding interest vs gas cost in v1 https://www.publish0x.com/ilvfi/staking-illuvium-how-often-should-i-claim-pre-buying-ilv-xnxkrdw

[paper shale]

I could try, and i ;m working on something like that now actually. But, i havn't been able to find any legitimate script or bot than can accomplish that. I can see the eth come into the wallet, the claim, and the rest of the eth being removed. But unless i'm sitting and watching the wallet i miss it. Anyone have access to any bots or scripts that can auto-transfer eth from a wallet?

[pure moss]

Hey mate, I was also hacked about a month ago. A hacker withdrew all my silv. Happy for you to dm me and I can go through some of the things I’ve put in place to try and salvage what I have left. I don’t want to publicly announce what I’m doing in case the pos is part of this discord.

[paper shale]

I feel your pain, and agree.

[torpid venture]

so just to be sure, you only need to upgrade if your stake is locked?

[cunning perch]

Yes

[torpid venture]

Thank you!!

[boreal narwhal]

Morning. When is Staking V2? Thanks

[coral pike]

uknown still in audit

[boreal narwhal]

Thanks mate.

[digital mountain]

Can someone help me with understanding the staking slp. I went to suchi swap and liquidated the eth and ilv needed equally from both it approved everything but now i don't see it in my metamask and i dont see stake in illuvium site where does it go then?

[pure eagle]

!contract ,If you already provided liquidity on sushiswap and approved it the SLP token is probably on your MetaMask if you don't see it try adding the contract 👇 manually (once you see it go to Illuvium.io and stake it there)

[woven ibex]

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

[gloomy gazelle]

It’s possible that you approved the SPENDING of the tokens but did not actually provide the liquidity to get your SLP tokens. It takes two transactions. First is approval second is the actual LP. Do you still have that eth and ILV in your wallet?

!lp

[woven ibex]

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

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

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

[gloomy gazelle]

!scam

[woven ibex]

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

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

[digital mountain]

Not the ILV only the eth that was left over

This is what it looks like right now I had 1 ILV and 1 eth so i went to liquidity hit max on ilv eth auto filled in approved the transaction then another after gas fee reflected and then that it nothing happened.

• after that nothing happen but when i go to ILV activity it shows they where used up but then Im wondering where did my tokens go.

[wicked sail]

Your tokens vanished ?

Are you sure they aren't staked or in your wallet?

[opal tulip]

It turned into SLP. Look under liquidity section of sushiswap

You can now stake your SLP into illuvium LP contract over at illuvium.io

[eager fractal]

Hi guys wanna check before the new year turns

Has there been any updates on when staking v2 will be released or still pending further deets?

[brisk surge]

[cunning perch]

Will be in January. Maybe early January

[lean edge]

Hi, if im staked in both sushi and ILV pool.. can i claim ILV from sushi and SILV from ILV pool? bcause i know if i want to claim from sushi pool it makes u claim from both pools..

[cunning perch]

I think claiming sILV from SLP won't force you to claim both pools. But if you claim ILV in SLP, it will def force you to claim both pools. For the first one I'm not sure.

[lean edge]

ty sir

[eager fractal]

thanks mate!

[vital frigate]

Don't mint anything, its a scam. Illuvium Bot is hacked

[scarlet mirage]

Noob question: if for example I have 10 ILV in my vesting, how much ILV will I get if they are locked 52 weeks with 2.0 weight?

[cunning perch]

check with pinned calculators and don't answr DMs. they are scams

[remote fern]

How do I recover from Dropped transaction?

I've tried to stake and my ILV passed but seems I didn't have enough eth to proceed with it. https://etherscan.io/tx/0x0e6bb8b6e9760717453a54e9748621a7dd27e4863fb1714849a954f7ef944884

the thing is that my ILV passed so I have 0 on account now 😐 https://etherscan.io/tx/0x0df47c75314faf65ec0052100d9009f94a3044a7aa1a0c34242eb40f5ad756f6

it's so strange that transaction dropped since I have 78$ more on eth, does anyone know why this happens? Seems I've lost 98.24$ on unsuccessful transaction

[coral pike]

@velvet geode #🥩〕staking message

[coral pike]

@honest vale #🥩〕staking message <------ this is a good read while you wait it as well

[gloomy gazelle]

This is just a token use APPROVAL. Not a transfer or stake or anything.

[gloomy gazelle]

This one did drop. Probably because you clicked stake more than once or something. Because your address definitely did stake the ILV successfully. https://etherscan.io/tx/0x72639be30dc7ebbc5c6abf92604057123b3c4a51283a45ff29a6fb04371fe095

You probably should have waited until v2 but that’s ok.

[remote fern]

Sorry, I'm not up to date, version two of staking or? Should I be worried about that drop or is everything ok?

[eager crescent]

Hey guys! I'm looking to buy some ILV and stake, how do I go through with all this?

[gloomy gazelle]

Version 2 of staking will be important. But it will be announced in advance and the steps to take will be clearly stated and you’ll have like 2 weeks to do it properly.

[gloomy gazelle]

!buy

[woven ibex]

We recommend buying ILV either on Sushi (Decentralized Exchange) or Binance (Centralized Exchange)
Sushi : https://app.sushi.com/swap?inputCurrency=ETH&outputCurrency=0x767fe9edc9e0df98e07454847909b5e959d7ca0e
Binance: https://www.binance.com/en/trade/ILV_USDT
Trading pairs available: ILV/BTC, ILV/BNB, ILV/BUSD and ILV/USDT

If you acquire your ILV on Sushi, make sure to add the ILV token to your wallet. You can find the contract address at https://www.coingecko.com/en/coins/illuvium and in the case of MetaMask, you can just click on the Fox next to the contract address to add the token.

Here is a video that goes into detail how to buy ILV and stake it afterwards: https://www.youtube.com/watch?v=C6YugU4zZr4

[gloomy gazelle]

!staking

[woven ibex]

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

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

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

[gloomy gazelle]

You may want to wait until after v2 staking opens to stake. It will save significant gas in the long term. And probably more than you’ll earn in the short term.

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

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

[eager crescent]

Thanks will do, when does V2 staking start?

[cunning perch]

in January

[eager crescent]

Copy that! Thank you

[brisk surge]

anyone else having issues with the staking portion of the site loading?

[gilded pollen]

The upgrade will only be available only when V2 goes live or can we do that in advance?

[gloomy gazelle]

!staking make sure you are using the correct site

[woven ibex]

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

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

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

[gloomy gazelle]

We need to wait for v2 to launch.

[brisk surge]

right site, already staked

[gloomy gazelle]

Ok. Just making sure. I haven’t checked yet.

[gilded pollen]

Thanks

[tacit veldt]

Will V2 staking come out before land sales?

[frank aurora]

Would this apply to both flexible and locked? Or just one?

[cunning perch]

Flexible will be rendered obsolete and therefore revoked. I'd suggest you check the pinned messages in this channel

[digital mountain]

Nooby question, but if i buy land with silv can that land then be sold on like open see for eth or what not as an nft?

[delicate cloak]

Not a staking question, but yes I don't see why not. It's an NFT, you're free to do with it as you please when it's in your wallet.

[digital mountain]

Is it possible to unstake ILV that was stake under ILV pool and switch it over to SLP with ought taking a big hit?

[atomic lagoon]

you will need to pay gas as below:
withdraw - pay gas
swap half ILV to ETH - pay gas (+ additional gas if you need to approve token to sushiswap)
above can be avoided if you already have equal amount of ETH to ILV.
restake - pay gas
if you stake now, when v2 comes, upgrade (pay gas)
and then there is impermanent loss subject to SLP pool.
But higher APY of SLP can be worth it if you are staking a significant amount. NFA ofc.

[tacit veldt]

I want to stake SLP but dont want to do it if V2 staking contracts are right around the corner. Do you suggest I wait?

[atomic lagoon]

I am guessing the gas fee for upgrading is around $150 max (just my guess). so if you think the reward that you will get outweigh the gas fee, you don't need to wait. But otherwise, I would wait. Again NFA 🙂

[tacit veldt]

Okay thanks, appreciate it. I am very familiar with gas for LP staking, but do we have a rough eta on v2 staking? I can wait it out if need be. Just dont want to wait weeks ya feel me?

[atomic lagoon]

This is the message from Aaron. This is the latest info we have.
#💬〕general message

[digital mountain]

how do you unstake you just go over to vesting and withdraw?

[atomic lagoon]

correct!

[digital mountain]

thank you

[eager crescent]

Hey guys, I have ETH in my metamask but I'm confused on how to swap it to ILV so I can start flexible staking right away. The videos on YouTube just show sushi swap, is this the only way?

I originally bought my ILV on binance but it wouldn't let me send my ILV to metamask

[ember ginkgo]

You should be able to send your ILV over to metamask

[eager crescent]

:/ I'll try to see if I can add ILV from coinmarketcap

I got in now, damn...

[gloomy gazelle]

Maybe. Maybe not. It will be shortly after if not before.

[gloomy gazelle]

Unless you have a bunch of ILV to be able to earn more than $300 in a few weeks you might want to consider waiting to stake.

[merry gyro]

what happens to v1 stake after v2 comes out

[gloomy gazelle]

Deposits will need to be upgraded. Check pins to understand the process better. There’s a lot of info pinned.

[delicate plaza]

So I'm looking to swap my current stakes onto my hardware wallet if gas gets low enough today or tomorrow. So I'll need to withdraw my unlocked slp, send it to the hardware and stake from there. Just wondering if there's anyway to move my current vesting ILV claimed as rewards over to the wallet as well if it's still locked so I can claim rewards all together? Or is this impossible until it's unlocked so I'll be having to claim rewards from two different wallets seperately

[viral sonnet]

vested ILV is technically locked so to my understanding you can't move to cold storage until its unlocked.

[delicate plaza]

Ok thanks - guess I'll just wait a year then migrate it across!

[true vector]

would you guys recommend using uniswap over sushiswap for staking in SLP?? read few weeks ago something bad about sushiswap

[delicate cloak]

The pool is on SushiSwap, there is no staking pool on Uniswap

[gloomy gazelle]

Not yet. Not until v2 launches. You probably won’t need to wait until it’s unlocked. Since it’s not a deposit.

[gloomy gazelle]

SLP are sushi liquidity pool tokens.

[gloomy gazelle]

It’s just $sushi token fud. Nothing about the eth/ILV pool is compromised

[true vector]

ok thanks for the clarrification

[delicate plaza]

Oh great - so I should be able to upgrade and migrate it to a new wallet? Or do I not even need to do that as vesting rewards are immediately transferred over?

[gloomy gazelle]

Upgrade. But not migrate. I think.

[eager crescent]

Does sushi swap give better rewards vs stake in ILV?

[bright salmon]

Yes, but with high reward always come with higher risk. You should master the subject when its about money.

[nimble grove]

Hi. I'm looking to buy some ILV to enter the ILV/ETH pool. The plan is to first swap some ETH to get ILV, and am wondering how much ETH I should keep in my wallet

Like... do I need, say, $500 worth of ETH & $500 worth of ILV in order to enter?

[delicate cloak]

You will need equal value of ETH and ILV to add liquidity to the SLP. If it's only $500 of each, it's likely not worth the gas fees. Not financial advice of course. Ensure to do your own research and due diligence.

[nimble grove]

Appreciate it, thanks

[short tiger]

hi, can we avoid gas fees in V2 staking?

[atomic lagoon]

nope. 🙂 there will still be gas fee but might be cheaper than v1.

[short tiger]

why is that the case? i don't quite get the point of v2 staking actually. do stakers actually get more benefits?

[atomic lagoon]

Have you read the v2 iip proposal in the pinned post? It will be a great place to start.
Basically v2 removes some of the transactions like the system forcing u to claim when u restake, etc. and reduces the gas fee.

[short tiger]

thanks, i've read some of Deraji's materials and a few of the pinned posts, but it's a lot to digest tbh. are the key official documents pinned in various channels? i've been looking for more definitive info about ILV staking, tokenomics, land sale etc but i'm not sure if what i've been reading is from official sources

[atomic lagoon]

most of the documents are pinned. if you are looking for official documents, you should be able to find here also: https://gov.illuvium.io/#/
personally, I watch all the youtube videos and interviews. Volkin, Furry Hippo Gaming, Scoriox, Vetemor, etc. have great content on illuvium.
here is my playlist of interviews if you are interested. https://www.youtube.com/playlist?list=PL9YBezxk3E52ocTl7M12UPcwDhJ5M2VvF

[short tiger]

thanks, I watched a couple of Volkin's videos. Some docs were featured there but I couldn't find them on this discord so I was wondering where they're all located. I'm wary about trusting info provided by youtubers as they tend to exaggerate especially if they are in partnerships.

[gloomy gazelle]

!staking

[woven ibex]

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

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

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

[gloomy gazelle]

!read these medium posts are official. Vetemor and deraji have the correct info about staking mechanics that’s for sure. There is also this spreadsheet pinned that is accurate when used properly. #🥩〕staking message

[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

[modern night]

Just wanted to get your opinion about staking rn,
If you have a thousand bucks each for eth and ilv, would you stake it in slp right away or wait for v2? 😁

[gloomy gazelle]

It’s hard to know. I’ll do the Math in awhile.

[modern night]

I see thanks!

[gloomy gazelle]

It’ll be really close. You’ll earn maybe $25 a day with that

So you’ll earn a bit by the time v2 goes live. It’s hard to know HOW long it will be until then. Aaron said if you can earn more than $300 it’ll probably be worth staking now

[modern night]

That’s alright I think, because I am considering the unlocking period as well, And the apy decreasing overtime

Thanks man, appreciate it!

[short tiger]

to continue earning, we'd have to upgrade to v2, which would also incur additional gas fees right?

[gloomy gazelle]

That’s right. That’s why earning more than $300 is the good estimate of deciding if staking before v2 is worth doing.

[errant crown]

What's the latest timeline for V2 being launched?

[gloomy gazelle]

It’s hard to know. We are waiting for audit to finish. But January sometime is expected

[tawny lynx]

hi all, happy new year! and ive asked before, but just clarifying..

i have a sushi LP stake that just ended. If i dont withdraw it, will it continue to stake and earn rewards as it is?

[gloomy gazelle]

If you don’t withdraw a deposit that is now UNLOCKED then it keeps earning as is.

The stake doesn’t really end. It just gets unlocked.

[cosmic locust]

After my SLP tokens are in my meta mask wallet. Illuvium ballance shows 0 when I try to stake but I can’t figure out why???

[thick mural]

SLP tokens contain both your ETH and your ILV

you have to stake you SLP to the pool on the staking website.

[fresh grail]

because you changed it from just being a ILV token. Now it will be the SLP

[brisk surge]

https://tenor.com/view/wsg-wsb-wallstreetgames-bnb-crypto-gif-22941420

[cosmic locust]

It appears in my metamask. When I’m in the illuvium website and click stake, it shows 0 balance for slp

[brisk surge]

wallet connected?

[cosmic locust]

Yes

Already have both eth and ilv converted into sushi lp

[brisk surge]

sweeeet your almost there

you went to staking, core pools selected sushi?

[cosmic locust]

Yes

[brisk surge]

REEEEFRUSH!

[cosmic locust]

Ive refreshed everything

[brisk surge]

what did you do ? locked or flex?

and you paid the 10 bucks or whatever to unlock sending SLP to illuvium site?

[cosmic locust]

Neither, I click stake, shows balance as 0 so I can’t do either

$10 not aware of that.

[brisk surge]

so yeah you will have to do that

[cosmic locust]

How’s that done?

[brisk surge]

I was pretty baked when I did it....the instructions will be pinned for sure in this thread

[cosmic locust]

Lol my kinda guy. As long as I know that’s most likely the issue I’m sure I can figure it out from here

[brisk surge]

oh yeah. your good

[cosmic locust]

Why’s the amount of slp so low though on my meta mask? 1 Eth halved only ended up like .813 slp

[brisk surge]

I tried to screen shot it but I am pretty wetaded when it comes to computrons on etherscan

[cosmic locust]

All good amigo, appreciate the help

[fresh grail]

Are you following any instructional videos right now?

[cosmic locust]

Yea, but this balance issue didn’t happen in the video

[brisk surge]

Try clearing your browser cache.
if you are using chrome try connecting in an incognito window.
disconnecting and reconnecting your wallet may help too.

[brisk surge]

I just had a similar issue and the fix was disconnecting and reconnecting the wallet (on edge) 100% something to do with timing out?

[tawny lynx]

great, thank you

[cosmic locust]

I’ll disconnect my metamask and close out chrome. See if that works

[brisk surge]

" Carlos | Illuvium — Yesterday at 11:31 PM
Ah awesome. I think this is an issue with one of our services, when the API stops responding for a short time. We're going to be fixing this and handling it more graceful in future, so if there is an issue with the API, it's handled more gracefully in the UI. Thanks for the support anyway, much appreciated. Happy new year! "

[cosmic locust]

Well that didn’t work either ☹️

[brisk surge]

NAAAAAH M*

M8* You have to uninstall metamask completely

make sure you have your recovery phrase!

[jovial root]

1x SLP is nearly the equivalent of 2x ILV and 1xETH.

So SLP qty will always be lower than the amount of ETH you added to liquidity pool

[jovial root]

Wait what... ???

[brisk surge]

YESSUM BAWSE!

[jovial root]

Please confirm you are definitely on the Illuvium.io website

[brisk surge]

this is what Carlos replied to me after I told him my shit wouldnt show regardless of clearing cache or vpn or any of that jazz and i re installed " Carlos | Illuvium — Yesterday at 11:31 PM
Ah awesome. I think this is an issue with one of our services, when the API stops responding for a short time. We're going to be fixing this and handling it more graceful in future, so if there is an issue with the API, it's handled more gracefully in the UI. Thanks for the support anyway, much appreciated. Happy new year! "

[jovial root]

Which channel did you have that conversation in?
As I cannot see any record of it.
And normally ILV staff don't DM.

@cosmic locust any DMs to you will be a scam!! Be very careful

[jovial root]

Do you have 2 accounts?
Suddenly there is another SKELETOR with the same logo as you

[cosmic locust]

Yes, definitely on the illuvium.io website

[cosmic locust]

What kind of scam

[jovial root]

And you are trying to stake the SLP into the Sushi LP pool?? Or are you clicking the ILV pool?

[cosmic locust]

Sushi lp

[jovial root]

There are a LOT of scams. Asking for seed phrases, fake giveaways, trying to send you to wrong sites, trying to get you to click on virus link etc.
So always be careful of any Direct Messages.
In fact nearly everyone turns them off to avoid them.

[jovial root]

Is your Metamask wallet connected to the Illuvium site? And have you unlocked the Wallet (via your password)

[cosmic locust]

Yes it’s connected

[jovial root]

When you click the STAKE button next to the Sushi LP poop, does it bring up the screen showing Flexible and LOCKED?

[cosmic locust]

Yes, it just says shows 0 above balance

[jovial root]

But you definitely have balance showing in your Metamask?

[brisk surge]

I ONLY HAVE 1 ACCOUNT. I

[brisk surge]

Maybe i'm just a cool cat and people enjoy the slide into my DM's. Seriously, I direct messaged Carlos cause my girl Nyepi hooked it up

[jovial root]

Seems they quit after I mentioned them. Have to be extra careful lately

[brisk surge]

Wild! people suck!

[jovial root]

Cool cool.

Well that is definitely an option for Clay if he has all his secret keys etc.

But personally I would wait for a Mod to chat here regarding the problem. Just to be sure

[brisk surge]

For sure. Better be safe than Sally. I was reaching out for a while with no love trying to solve my problem. So when I see another brother thinking their cash may be gone gotta help

[jovial root]

Yeah definitely.

@cosmic locust check the Etherscan and make sure your transaction completed, and that you have the correct SLP token etc.

If it's in your MM wallet... it really should be showing on the website etc

[brisk surge]

did you approve the recipient yet? if you go on etherscan you can see all the approval transactions to allow people to lock and load (NOT A FINANCIAL ADVISOR)😆

[north marsh]

hey guys do yall know how to unstake after you have put into the flexible pool

[jovial root]

Did you check VESTING tab?

[opal delta]

I have tokens. Should i stake. And how do i do it and should i take the token back again when the game launches? Very new to this

[brisk surge]

!staking If you want to stake it's up to you, you can watch the video at the end to help you with this

[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

[rare oar]

Would I still earn ILV even if the lock period is already up?

[atomic lagoon]

yes, you will as long as you don't withdraw the staking amount or the yield farming ends in 2024.

[rare oar]

Thanks. I staked it with by locking it 26 weeks and weight of 1.5.. Lock period already expired last month. Would I still get 1.5 weight in the earnings?No need to restake?

[atomic lagoon]

yes. you will still get 1.5 weight without restaking. Just make sure to upgrade to V2 when V2 comes. No need to restake.

[rare oar]

Thanks a lot!

[coral pike]

@cunning perch I got impatient (I did hold out and wait 2 months for V2 😆 ) and did my SLP claim for ILV the first time i went though the transaction now i see my ILV in vesting and i see a new " ilv stake" on the dash board so everything good now right ?

[cunning perch]

You should see SLP as "Deposit" and ILV as "reward" in the vesting section. If so, all is good 🙂

[coral pike]

Yep I do gas was just too low for me to pass it up and its the new year sooo I just impulse LOL

[cunning perch]

Happy claiming then 🙂 the first claim on the first day of the year.

[coral pike]

https://tenor.com/view/snoopy-yay-celebration-gif-10512230

@cunning perch Let the compounding begin!! 🥳

[cunning perch]

yep. enjoy 🙂

[fierce crypt]

happy new years !! now my question is it work stacking 1 ILV ? for sILV sorry im new to all of this. thanks and have a good one

[cunning perch]

Hey. Didn't really understand your Q

[fierce crypt]

should i stake to receive sILV token or just buy it outright

[cunning perch]

that is your choice. make sure you read this and know it to the bone. #💬〕general message

[fierce crypt]

ty @cunning perch ill read it now

[gilded wigeon]

Hi , question guys, how much is the average gas needed if i want to unstake ILV? and also i have to claim rewards in slp and ilv pool?

[gloomy gazelle]

You would need to claim rewards in both pools. You could make a copy of this spreadsheet to calculate your potential gas costs in usd.

https://docs.google.com/spreadsheets/d/1-yorrLEO7051B8ELI7eBtAOohYn8DME4peMPavxcUuw/edit?usp=sharing

[gilded wigeon]

Hi thanks, i already checked this but i dont think it have the calculation for unstaking..Anyway thanks bro

I just want to unstake my unlocked ILVs and transfer it to SLP but i think gas fees would really hurt doing it 😦

[gloomy gazelle]

Oh the unstake transaction it’s gonna be very similar to a claim. If you want to save gas then click withdraw and then Click sILV. It uses less transactions. Make sure that you don’t click claim from the rewards tab before withdrawing.

[gloomy gazelle]

Actually it’s really important NOT to manually claim from rewards tab before withdrawing

Just click withdraw and the other transactions will be part of the process

I’ll look up the gas limit on withdrawing SLP

[gilded wigeon]

yah coz it will double my reward claiming right? coz rewards are accumulating every few seconds and by the time i want to unstake i need to claim the rewards again..it happened to me way way back hehe

[gloomy gazelle]

Here’s a successful ILV pool withdrawal. About 300,000 limit. And 250,000 used. $40ish at 58 gwei. https://etherscan.io/tx/0x4dbf7f3803840681c7aa59861eafd040aeb99f47ce00d0c77d2cea416313a86c

[spice shell]

Wait, that means if i wanna play and farm to earn i must first staking or what??

[gloomy gazelle]

Here’s and SLP withdraw with a sILV claim. The gwei was at like 75 and the usd cost was under $37.

https://etherscan.io/tx/0x12846bb827c8fc455638727d2d7b83cdb918d0135332b35d5c5759cc96172ca2

[gloomy gazelle]

!staking is a financial investment into the illuvium studio. It can provide sILV which can be used in the game. But staking is not needed to earn rewards in the game. It’s more of a passive investment tool.

[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

[gilded wigeon]

@gloomy gazelle ei bro

[gloomy gazelle]

Oof yeah imposters.

Never trust those DMs.

[gilded wigeon]

is this really you? @brisk surge

[gloomy gazelle]

Obviously not.

[gilded wigeon]

yahh...thats why i checked it here..never trusted dms..can mods ban them?

[gloomy gazelle]

<@&821154860816793604> can we get this imposter banned. Do Not ban @gilded wigeon please ban the fake me

[gilded wigeon]

please dont make a mistake banning me 😭

[cunning perch]

he ded now. For a sec I thought you meant n3ii3n 😄

[gloomy gazelle]

https://tenor.com/view/feels-bad-barton-i-feel-bad-feelsbadman-xset-gif-22269105

[gloomy gazelle]

https://tenor.com/view/cat-leaving-leave-oops-bye-gif-17519616

[manic spindle]

Me too, was already about to pull the trigger. Pays off to always check users first before banning 😄

[cunning perch]

haha 😄

[gloomy gazelle]

I’d have felt bad bad

[gilded wigeon]

Ohh thanks guys...scammer want me to connect to celo network...

[gloomy gazelle]

Lol not even a little

[gilded wigeon]

i was nervous...i love this community, being banned here would not be a good start of the year😭

[gloomy gazelle]

They just want that seed phrase

[gilded wigeon]

Thanks bro ...Happy New Year 😁😁

[cunning perch]

2 lead mods were about to jump on the wrong guy. That would have been funny tbh 😄

[gloomy gazelle]

I’ll be smarter about the ban calls in the future.

https://tenor.com/view/the-office-michael-scott-steve-carell-oops-gif-5026723

[cunning perch]

just delete that chat. He's banned

[gloomy gazelle]

The scammers have tons of accounts. It’s the worst.

[cunning perch]

yeah. Well, I hope ppl get more resilient

[craggy field]

We just need to fill up the remaining spots with good people. Then we can kick the scammers one by one and we are left with 250K cool people xD lets not go up to more spots! Lol

[gilded wigeon]

yup .he told me to tell arash hell be scamming with arash name next. ill probably gonna off my DMs again

[valid geyser]

I just try to claim my ILV reward from both the ILV & SLP used the recommended gas fees but it shows the ILV claim went through but not the SLP claim ? It now shows as dropped on Etherscan. Any ideas what to do ? Will it eventually go through by itself ?

[cunning perch]

1st watch out for DMs they are all scams.

2nd read this #🥩〕staking message

[severe igloo]

What i always ask myself is what would happen when the Merge is live, do you think the fees will drop really low ? Cause i dont think it will have this much effect

But maybe i didnt understand fully the mechanisms which will take place

[delicate cloak]

The merge has many steps. Sharding is what will reduce fees significantly imo. But as the network continues to grow, L2s will continue to be necessary imo.

[valid geyser]

Thanks but that didn't explain what to do now.

[severe igloo]

Fully agree with you

[cunning perch]

On V1, when you claim ILV as SLP rewards, you will be forced to claim both pools. Upgrading to V2 (when it's live) will fix this and you can claim all rewards in one go. I suggest you to we everything pinned in this channel

[severe igloo]

Read 😊

[cunning perch]

Definitely. Nothing can help you more than reading 😄

[valid geyser]

I've done this a few times before with no problem, has something changed in the past month ? I paid the gas fees for the 2 transactions but just shows as dropped.

[cunning perch]

Nope. Been like that since July

[valid geyser]

So have I lost the gas fees for this transaction ?

[cosmic locust]

Are most people staking just ILV or the Sushi LP pair?

[cunning perch]

Probably. Whenever you claim SLP rewards in form of ILV on V1, you pay 2 gas

[valid geyser]

Dam, that was a lot of eth down the drain.

[cunning perch]

ILV should be more as claimed rewards go to ILV pool too.

[cunning perch]

You get everything back through Yield and RevDis. I wouldn't worry about gas long term

[valid geyser]

OK, but I wanted to pull the ILV while I could, then I will want to claim silv after that

[cunning perch]

Claiming ILV triggered the claim of both pools.

[valid geyser]

Yes I understand that as I have done this 2 or 3 times before, never had a dropped transaction though.

[cunning perch]

Dropped TX might mean you probably didn't have sufficient ETH to cover gas fees

[valid geyser]

Yeah I did, I had over double the amount needed. Very strange, maybe I will try claiming again to see what happens. Thats $120 down the drain so far.

[cunning perch]

Gas might be cheaper tomorrow. Not bad now as well. But def do it when you are comfortable, or wait till you upgrade to V2 and then claim.

[valid geyser]

Will I be able to split the reward into ILV and Silv or just 1 or the other on V2 ?

[cunning perch]

#🚰〕leaks message

[valid geyser]

That kind of answers it but I have only a small amount of ILV but a lot more SLP so if I wait till V2 to claim my ILV it may be too late to build up enough silv for the game itself.

[cunning perch]

V2 might be out before land. You can NOT claim and wait to see which drops first. Claiming sILV is instant so shouldn't be a problem.

[valid geyser]

OK thanks for you time. I appreciate it.

[cunning perch]

anytime friend

[robust knoll]

https://discordapp.com/channels/760344898200666112/791148476218081321/926819588526710845

Almost certainly should happen for v2 to come out before land but no guarantees

[valid geyser]

Any ideas on timescale, I seem to remember the land sale is hoping to be in Jan.

[robust knoll]

land sale estimated mid to late jan

[valid geyser]

OK thanks, think I may hold of claiming the ILV in case I need a large amount of silv for the sale.

[severe igloo]

Thanks Arash for answering the questions this fast fren

[cunning perch]

Happy to help 🙂

[carmine badger]

Is this true?

[robust knoll]

yep its stated multiple times by mods and the team

[gloomy gazelle]

Yeah. Check pins in #🎮〕illuvium-zero

[cosmic locust]

Will illuvium zero be pc only starting out?

[cunning perch]

IZ will be on phone and probably browser

[stoic radish]

Hey if I claim my sILV from a ILV pool, will it automatically claim my sILV from my SLP pool?

[zenith thistle]

nope

[severe igloo]

Gotta work for this stakes 😎

[cosmic locust]

Is the slp staking worth it or just staking ILv better. I dunno if there’s a catch

Slp seems too good to be true

Figured as much, ty

[open saddle]

Hi all - so I’m terribly néw to this and I’m asking if there is a very basic way to explain staking 🙈

[midnight crow]

Locking away a certain amount of a token for a certain amount of time for a certain return.

[severe igloo]

I keep it simple and staked on ILV only
Not so fond of the impermanent loss even if i am really bullish on ILV

[wet vigil]

When you claim sILV as a reward for your staking, will you be able use this to buy land in the land sale?

[delicate cloak]

Yes (if you have enough)

[plucky bobcat]

Hello everyone,

I had some bug using MetaMask on Android to stake some SLP. It made an automatic claim that was validated but SLP stacking was rejected however I had the found for it.
But I did the error to try again and again then finally manage to stake my SLP.
But on vesting I can see that each attempt of Staking generated 3 micro staking like 0.00018 ILV.
Is there a way to get rid of this micro staking?

If a moderator or someone could help me to resolve that it would be great 👍

[cosmic locust]

It was said in an interview that you have to pay 100% of the cost with the same token, can’t do half eth and half silv etc.

[final steppe]

Hey there... if you have tokens in vesting and they're unlocked, the only way to "get rid" of them would be to withdraw them to your wallet. But that will cost gas! So likely not a good time to do that right now.

You can continue to let those small amounts vest since they'll compound your rewards (no matter how small 🙂 )

[plucky bobcat]

Unfortunately they are locked. But Will it cost me more gas due to that for my next claiming.?

[final steppe]

Once you have tokens in both the ILV core pool and the SLP core pool, you'll pay gas fees for each when you claim. But no matter how many different vesting balances you have, gas prices will just depend on the traffic on the network.

So whether you have 3 different balances showing in your Vesting tab..... or 300 different balances vesting... your next claim will cost the same in gas fees.

[shadow steeple]

Hey guys if I wanna get into staking should I be going into the flash pools or the core pools

[gloomy gazelle]

Core pools. Flash pools are short term and not running right now. Flash pools are for other projects tokens. They are primarily for whales.

Get them involved in illuvium.

[shadow steeple]

Gotcha I’m pretty new so just trying to get it figured out. I love the project and wanna get involved asap. Get some illuvium token and start staking in core pools

[gloomy gazelle]

!staking

[woven ibex]

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

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

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

[gloomy gazelle]

!lp

[woven ibex]

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

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

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

[gloomy gazelle]

V2 is coming soon. So waiting to stake may be wise.

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

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

Check the pins. There’s a bunch of info on staking

[shadow steeple]

Should I stake until V2 comes out or just wait for V2 in general

Thank you for the help by the way!

[gloomy gazelle]

The idea would be to wait. Ethereum network fees are high.

!fees

[knotty river]

Fast: 73 Standard: 73 Slow: 73
Simple ETH TX: $5.66 (0.0015 Ξ)
Token Approval (ERC20): $13.97 (0.0037 Ξ)
Token Transfer (ERC20): $13.21 (0.0035 Ξ)
Uniswap Trades: $33.22 - $55.11 (0.0088 Ξ - 0.0146 Ξ)

[gloomy gazelle]

Currently Staking transactions would cost $55 or more maybe $100 at that price.

But v2 will improve the efficiency and lower the cost in both the short term and the long term. You’d want to stake close to 30 ILV to make it worth staking today.

Staking in SLP is probably the smart move anyways. But that takes 2k usd at least to make that worth doing as well.

[shadow steeple]

That’s understandable. Thanks for all the helpful information. I’ll be looking for that V2 upgrade for sure. For the staking of illuvium would a couple hundred dollars be worth it?

Or should I just hold illuvium in general

[gloomy gazelle]

Hold the ILV until after v2 is ready to launch. Then check again. Should be later this month. It will be in #📣〕announcements for sure.

[shadow steeple]

Would it be smart to get ILV now. 80$ fee for the swap seems like a lot

[gloomy gazelle]

Buy it on a CEX maybe.

Don’t trust anyone that DMs you. Trying to scam you. Often they’ll say try to use CELO network. Save gas. Put your seed phrase here.

!scam

[woven ibex]

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

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

[shadow steeple]

Sushi swap looked more like only 10$ fee so that sounds a lot better

[gloomy gazelle]

Yeah that’s not too bad. Gas isn’t insane right now.

[echo ibex]

What is the math behind this?

Regarding the 30 ILV statement

[gloomy gazelle]

ILV only pool is at 35% apy. 25 ILV will pull in about $25 a day. At current ILV prices.

[echo ibex]

Ooooh so the statement was only about staking before V2?

[gloomy gazelle]

Yes.

Long term stake 1 ILV or less. But do it after v2 launches.

[echo ibex]

Makes sense. Thanks a lot! Clarification was much appreciated

[tidal jungle]

do you mean long term staking in V2?

[gloomy gazelle]

Yeah

[tidal jungle]

ah okay, I've got some ilv staked now and it's unlocked already, do u think personally that it'd be most beneficial to hold ilv token or restake in V2 or SLP?

[gloomy gazelle]

I mean you could stake now but you will pay more in gas in the coming weeks to get things moved to v2 than you’ll have earned unless you have a significant deposit.

[tidal jungle]

yeah, I don't have that much staked so I was thinking of just holding ilv u til the price goes back up hopefully around launch

[gloomy gazelle]

I feel SLP apy is still fantastic

Staking SLP in v2 will be cheaper than it is now.

[tidal jungle]

okay that sounds good, apy would still be similar I presume?

[gloomy gazelle]

Yeah. In fact apy will be stunning at the start of v2. Because there will have been a pause in rewards. That is going to be made up for during the first 2 weeks of v2.

[tidal jungle]

cool cheers, do you know when that is releasing? also when beta request forms will open?

[gloomy gazelle]

Probably later this month. But don’t really know.

[tidal jungle]

cheers boss

[nova marsh]

So it would be best to wait then by the metric your giving of apy%?

[weak latch]

I just staked 0.69 slp, will I have to move everything when v2 comes and pay fees again?😥

[cunning perch]

To upgrade, yeah gotta pay 1 gas

[weak latch]

Ahh not bad then, thanks for the response and keep up the good work

[cunning perch]

Anytime 🙂

[open saddle]

well thats pretty dam easy 🙂 Thank you!
May i ask a follow up question, do i start investing in the tokens now or should i first try get some land?

[midnight crow]

That is up to you. ILV and land are not dependent on each other. ILV is the governance token and by staking it you can get yield farming and revdis. Land will allow you to play Illuvium zero in a way that you can make blueprints before the main game comes out. Once the main game comes out owning land will allow you to produce fuel which can be sold. Hope this helps and be sure to read the information in the pins here and at #🎮〕illuvium-zero .

[open saddle]

Fantastic thanks - yeah I did read all of it but I’ll need to re read it again to better understand
When does zero get launched ?

[midnight crow]

Sometime after the land sale which should be around mid Jan if rumors are true (no official announcement)

[open saddle]

Ok thanks so much - I’m so keen for this

I love land based games and how this is moving forward. Is there like a WL or anything for this project ?

[midnight crow]

No white list. Everyone starts on even footing.

[open saddle]

That’s really great to be honest. These WLs can be so difficult some times

Thanks for the info. I’m gonna harass u when I got more questions that I don’t understand 🙏🏻🙈 but first let me re read eveyrhing

[midnight crow]

You're welcome. I'm happy to answer as best as I can.

[open saddle]

😬 appreciate ur time and help man thanks

[honest field]

Newb here. I'm about to buy a couple hundred bucks worth of ILV and would like to Stake it and lock it for 6 months. Would it be better to stake in the ILV or Sushi LP pool? Thanks!

Or should I wait for V2(when does that arrive)?

[gloomy gazelle]

For couple hundred I’d say ILV only pool but wait until v2 launches. Ethereum network fees are significant

!fees

[knotty river]

Fast: 83 Standard: 83 Slow: 82
Simple ETH TX: $6.37 (0.0017 Ξ)
Token Approval (ERC20): $15.74 (0.0042 Ξ)
Token Transfer (ERC20): $14.99 (0.004 Ξ)
Uniswap Trades: $37.47 - $62.2 (0.01 Ξ - 0.0166 Ξ)

[balmy elbow]

Can anyone provide a link for a sILV chart/price

[honest field]

Thanks. Do you know when v2 will launch?

[gloomy gazelle]

For any deposits less than $1000 usd value waiting for v2 is definitely the best idea for staking. For deposits more than that there are some factors to consider when deciding to stake before v2 or waiting until after.

[gloomy gazelle]

This month hopefully

[gloomy gazelle]

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

[balmy elbow]

thanks mate

[small adder]

Hi there

[gloomy gazelle]

Yo

Are you on a computer browser or mobile?

[small adder]

When I click stake then it asks me to approve the Wallet first. I do so and signed in with my trezor

[gloomy gazelle]

!staking confirm that you are on the correct site

[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

[small adder]

Browser. Then it gets stuck and I can't sign any transaction

[gloomy gazelle]

Oof trezor… I don’t know about how that works. I use a ledger. I assume it’s similar. But not sure.

[small adder]

But if I use an account not tied to trezoe it seems to work

Is there a James Smith from your mod team. He is contacting me for information on my issue

[gloomy gazelle]

I’d say ask for someone with trezor knowledge… they’ll come by eventually and respond.

[gloomy gazelle]

Scammer

!scam

[woven ibex]

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

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

[gloomy gazelle]

No one LEGITIMATE will dm you first.

[small adder]

Figures as much

[gloomy gazelle]

They may look like a mod. But they aren’t.

Sorry. I wish I could help.

[small adder]

Anyway is there any issue why using the trezor ?

[gloomy gazelle]

Not that I know. I’ve seen some people with an issue in the past. But I think it was resolved

Try searching the discord. In this channel. I’ve gotta go. Sorry. Eventually someone will be by that can help.

[small adder]

Hmmm.....ok then thanks

[small adder]

Ok thanks

[verbal heron]

https://gfycat.com/unimportantgargantuanamurstarfish

[smoky trail]

Hi someone can give me the contract of sILV please? I can’t find it

[viral sonnet]

check pinned messages in #💰〕token

[smoky trail]

I’ve noticed that now

Thanks ☺️

[viral sonnet]

i'd copy paste it for you but it's in your best interest to not get that info from a stranger 😅

[rocky fox]

is there a way to check what my staked SLP is now worth? Tried doing it on on sushi but I need it in my wallet to check so...

[still kindle]

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

This is what I use to track the SLP price

[hollow dome]

Hello everyone. I'm on sushi and I'm having eth and i wanna have lp tokens. Am I able to do this with eth or do I need ilv first?

[craggy field]

Well LP tokens are liquidity tokens that have ILV and Eth as components. So you will first have to buy a bunch of ILV (id say 40-50%) and then go to the liquidity tab in sushiswap. There you will be able to put in both tokens with similar dollar values.
Ex. 5K$ in Eth -> buy 2.3K$ in ILV
You will have +400$ for gas.
Then go to the liquidity tab;
2.3K$Eth + 2.3K$Ilv -> 1SLP token.

You can also check the ILV academy pin from august 8th which explains it all and shows how to do it.

[craggy field]

Also please dont fall for any scams from DMs that might go your way. there are a ton of those going around with all sorts of BS :(

[hollow dome]

Thank you for your response. Actually i wanted to use my eth (almost 1 eth) to stake. But as I understood i have to additionally buy ilv and send them to my metamask wallet. I can't divide my eth to 50:50 eth and ilv?

[craggy field]

I kinda said that you would split up your Eth into ILV+Eth. Ofcourse you can do that just make sure you consider gasfees. Like in my Example with 5K$ value.

[hollow dome]

i got a message from a user in my dm: pelícan22 | Illuvimod#2316
I don't know if he's a scammer or not. He told me to go to the celo website and gave me some instructions.

[craggy field]

Read my message about DMs it is right here as well
You can go to #🚨❗〕report-scammers and send a screenshot + FULL Numeric ID (so like 18 numbers) to get them banned :)

[hollow dome]

I understand the example and i will consider the gas fees 😅

[craggy field]

Please dont fall for the scam sent your way. If you want to see a YT video explaining it then check #🥩〕staking message
Good luck! It is a lot of gas to stake the LP token! Like 200$ orso

[hollow dome]

Thank you sir!

[viral sonnet]

I just staked SLP for the first time an hour ago, if you're curious about gas this was my experience:

swap ETH to ILV $28.69
ILV token approval (first time) $13.62
add ILV-ETH liquidity to SushiSwap pool $36.76
SLP token approval (first time) $10.90
ILV-ETH Sushi LP pool stake contract $54.80
total $144.77 USD @ 50-75 Gwei

(im aware I could've waited for v2 at this point but I believe I will make enough passive to cover upgrade gas fees)

[craggy field]

@hollow dome Here is your reference in gas right now :)

[hollow dome]

Where did you swap eth to ilv?

Gas fees are relatively low at this moment. 😆

[viral sonnet]

Sushiswap 🙂

[hollow dome]

And it does split your eth to a 50:50 proportion eth and ilv?

[viral sonnet]

Ya it's basically 1:1, for example right now if you trade 1 ETH you get 3.61955 ILV back, obviously keep in mind you no longer own that 1 ETH so you'll need to have spare to add into the liquidity pool (+gas), hope that makes sense

So now that you have 3.61955 ILV, to put that full amount into the LP, you have to factor in another 1 ETH and now your total stake = 1 ETH + 3.6 ILV (and it costed you 2 ETH to get to that point so far).

[craggy field]

so you would swap 1.8 ILV instead of 3.6 and you would basically be halving your 1 Eth into 0.5 Eth+1.8 ILV

[viral sonnet]

SLP = 50/50 value of ILV/ETH lmao sorry not great at explaining things

[hollow dome]

Haha it's fine. It makes sense ✌️

[hollow dome]

Yes i think I'll do that. Thank you!

[craggy field]

Make sure you get a little less than 1.8 ILV! this way you will have some Eth left for Gas! I'd recommend like 1.5/1.6ILV

[hollow dome]

I will. Let's see if it works

[runic barn]

hello, not trying to do it but i was just like to know- how do i unstake?

i dont see an unstake button on the site

[hollow dome]

Just staked 0.4 SLP and i paid lots of gas fees:
39.74 $ (swap eth to ilv manually)
13.88$ (approve ilv token)
56.87$(add liquidity)
11.23$ (approve wallet on illuvium)
72.90$ (stake ilv-eth)
Total: 194$

I made the mistake to keep 0.2 SLP in order to stake them flexible and now I need to claim my rewards which will cost another 90-120 $. But I've just 60$ in eth left for gas fees so I'll try to catch a good time for low gas fees to do that.

[worthy peak]

yeah, and the gas is relatively low😏

[jovial root]

Well done to all that did the Staking just now. And thank you for posting your GAS fees and # of transactions. It will help others a lot

[pure eagle]

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

[nova marsh]

Well, I am considering an investment of about 3-5k at the the current moment into the SLP pool

[floral widget]

Wen v2? 🙂

[coral pike]

unknown

[cyan rampart]

Wen audit finished 🙂

[gloomy gazelle]

I’d say use this tool to make some calculations. It could be worth doing sooner rather than later. But maybe not. It all depends on how much eth you want to spend on transactions and how much your deposit will earn.

#🥩〕staking message

[paper shale]

brownnbunny - sometimes if there is another tab, window, or software like exodus running in the background, the trezor will get stuck waiting for conformation from that open tab/application. Try closing any other connection to trezor before staking. If using MM hardware account, make sure the bridge is open in another tab so it can communicate with MM, and allow you to proceed. I had an issue once and realized later that Exodus was running in the background waiting for me to confirm.

[viscid otter]

so when the token unlocks in march happen, does that increase the estimated apy or is that already calculated?

[cyan rampart]

Token unlocks don't directly affect APY. If the people for whom tokens are unlocking decide to stake those tokens, it will affect the APY, but that cannot be calculated - Those people are free to do whatever they want with their tokens. More investment in either pool will reduce that pool's APY.

[viral sonnet]

Hi when you claim ILV from the SLP pool does it compound into the APY% of the same SLP pool or into the regular ILV pool?

[cyan rampart]

Claimed ILV rewards are staked in the ILV only pool for 12 months at a 2.0 weight. The source of the rewards (ILV or SLP pool) is irrelevant to the APY they receive after being claimed.

[coral pike]

@cyan rampart I caved and claimed before V2 😆 how is your resolve doing ?
#🥩〕staking message

[cyan rampart]

I'm chillin! Having a little break from watching charts over Xmas actually helped a lot haha... Plus I missed 40 gwei so it's too late to go back now lol

[coral pike]

I think it was 80 when i claimed i jsut couldn't resist any more😆

[nova marsh]

@gloomy gazelle thank you for your insight I’m going to use the calculator to determine what is best for me 👍

[somber token]

!fees

[cunning perch]

#👑〕bot-commands please

[eager crescent]

Hey guys! I just got a msg from kalya bot, is V2 staking live now?

[cunning perch]

All DMs are scams. please send the full ID (the long one) in #🚨❗〕report-scammers

[tired cosmos]

Staking ain’t coming live until like 2 months later

[delicate cloak]

Anyone DMing you is a scammer. Please read this. Staking V2 is not live and will be announced in #📣〕announcements when it is.

[cunning perch]

staking is live now. Been live since July 1st. Just follow the right path and use the correct website or you'll get scammed

[tired cosmos]

I meant v2. Whoops. 🙂

[cunning perch]

and V2 will be live most probably this month

[eager crescent]

It's says @kaylaRobot

I didn't respond or anything I thought V2 staking was expected this month so I got a lil excited 😅

[cunning perch]

Full ID please. Like this #🚨❗〕report-scammers message

[eager crescent]

My bad, I closed the dm already, I'll get the next one TF outta here

[cunning perch]

thx. make sure you send it in #🚨❗〕report-scammers if you ever got another

[delicate cloak]

You can disable DMs for this server or all Discord too

[eager crescent]

Thanks guys! I did go into my privacy setting to disable 👍🏼

[weak lagoon]

hey all, i'm looking for instructions on how to unstake my LP

It's not showing my liquidity position on sushiswap, is ther something I need to do on illuvium first?

[cunning perch]

1st ignore DMs they are scams

[cunning perch]

Check “vesting” section on ILV staking websites

You can withdraw from there

[weak lagoon]

Okay, I see it, thanks! And then it should show up in sushi to return to ILV/ETH?

[cunning perch]

You will be forced to claim rewards after u press “withdraw” then your SLP will move to your wallet and you can return it to sushi and remove and turn it back to ILV/ETH (whatever is left of them)

[weak lagoon]

Great, thank you Arash!

[cunning perch]

Anytime 🙂

[glass inlet]

Ok, a question. My ILV was stolen 11/8/21 after they hacked my MetaMask. It happened here on Discord. The rewards are still there, how can I claim them?

[cunning perch]

Sorry to hear that. To claim rewards you have to have ETH in wallet to pay for gas. But the scammers also know this and if there is a bot in your wallet, it will scoop whatever you put in it.

[glass inlet]

Says it’s locked

[cunning perch]

Whatever rewards claimed in form of ILV will stay locked for one year AFTER you claim them

[glass inlet]

And?

[cunning perch]

Well apparently you can withdraw after their yearly vesting is done. So if you have “pending rewards” AFTER you claim them, they will get locked for one year.

[glass inlet]

So keep this MetaMask wallet and see if I can claim? Or can I get a new wallet, and is there any way to change the wallet on ILV?

[cunning perch]

Upgraded pools after the implementation of V2, will probably have the chance to claim to another wallet (needs to be fully confirmed) and when tokens get unlocked, they can be migrated to another wallet fully.

[glass inlet]

How can I get like a Trust wallet and get it confirmed?

I do have 2 new wallets just not a MetaMask wallet since I haven’t destroyed the hacked wallet yet.

[cunning perch]

There will be a HOW-TO video or doc to ease the process. Even if there isn't we have influencers that will make vids about it

[glass inlet]

I have to wait for V2 first?

[severe igloo]

V2 might be better for the staking

[cunning perch]

Any change comes with V2 in 2 weeks to a month.

[glass inlet]

What do you mean better for the staking? I’m trying to claim any rewards that are locked before the thieves who hacked my wallet do.

I thought I had locked my ILV for 1 year yet the thieves were able to take it.

[cunning perch]

He means it provides more options than MIGHT also help the ppl in your position.

[cunning perch]

If it wasn't locked, then they could withdraw it yes, but not the rewards.

[glass inlet]

You mean the thieves

It was 100% locked

[cunning perch]

Compromised wallets are very hard to save. V2 provides options for stakers who's wallets have not been compromised, but if anyone beside you has access to it, then saving it is going to be very difficult and tired to chance

[glass inlet]

I bought the Ilv in August and immediately staked it for 1 year

[cunning perch]

If they have withdrawn it, then it was not locked for one year. There is no way around it. It's a smart contract.

[viral sonnet]

Does revdis get paid on the ILV portion of my locked SLP stake?

[glass inlet]

So I’m screwed again is what you’re saying

[cunning perch]

Yes

[cunning perch]

I wouldn't say that word, but in DeFi a compromised wallet is an almost-imposinle-wallet-to-save unless you get lucky and do what I said in my above PMs

[severe igloo]

Take this as an experience tho, smart contracts are risky you have to always check and double check everything you do. I feel you tho, force to you

Try working and get educated on security it will never go to waste. The market is really giving if you stay long term you'll get back on your feet.

[glass inlet]

I would have never been hacked if I hadn’t been on ilv discord. It’s very upsetting being bombarded by scammers on discord

[cunning perch]

Scammer are soul-less creatures that are not humans and they are in every Discord that is making on the way to becoming prosperous. I'm sorry you had to experience that here.

[weak latch]

My question is how did you get hacked? You sent the person your 14 word key??

[glass inlet]

No I was asking a question right here on staked about how to pull my ilv off of staked after the time expired. The person named Philip said I could do that and sent me a link which I followed and that’s where they entered my MetaMask and they stole everything.

He then disappeared off here

And he also changed from Philip to a girls name which then changed again this is to prevent them from being blocked on discord?

[cunning perch]

If ppl provide full ID we'll ban from the root.

[glass inlet]

I reported their names and ids but I now trust no one or their links

[weak latch]

Damn that sucks.. i hope for you that you end up doing a x100 and recup your losses !

[glass inlet]

That’s what I’ve been told

I do not even trust when they say oh you’ve won something on discord

[cunning perch]

When it's too good to be true, it's not true. Also DM helps are all scams

[paper shale]

They can't "hack" your MM wallet. They sent you a link and you entered your seed phrase. It's called being "phished" not "hacked". If they withdrew your tokens then they were not locked in a 1 yr staking position. ANYTIME ANYONE SEND DMS IT IS A SCAM. NEVER GIVE YOUR SEED PHRASE TO ANYONE. no exceptions.

[glass inlet]

Do not trust anything on discord Nothing

Absolutely nothing

Twitter discord telegram YouTube all saturated with Scammers

[paper shale]

I was phished and have 6 ilv still locked to that address. It happens. Take it as a learning experience and never let it happen again. The nest 1-2 yrs in crypto are going to be bananas, there will be other opportunities and you can utilize them. just do yourself a favor and NEVER GIVE YOU SEED PHRASE TO ANYONE EVER. Yes, the space is littered with scammers, like life. It's you that needs to smarten up though, and take it for what it is. Don't FOMO into links that can compromise your assets. Just stay the course and be diligent

[glass inlet]

I trust no one or anything on discord Twitter telegram YouTube ever

[paper shale]

then you are learing

[glass inlet]

It’s all corrupt and just platforms to steal
Is that what you call it? I don’t believe it’s learning, it’s called shunning,antisocial behaviors.

[paper shale]

Total loss for me personally on my exploit will be about $11k. Shit happens.. There is still a great community full of people that are legitimate in crypto. Believing it's "all" scams would be another mistake that will cost you opportunity in the long run. Do some research and know what your doing, and you can avoid the losers and scammers. At the end of the day, they can't take anything form you that you didn't give away by not following good practice and NEVER GIVING UP YOUR SEED PHRASE. see how i keep repeating it? thats intentional

[glass inlet]

I was on Discord before there was crypto in here, I supported Julian Assange, it started here on Discord. We were all United in one goal and we all were friendly and social and helped one another. I had no idea that Discord would turn into this big Scammers meet where they steal everything, which you keep thinking what that could have been used to help Assange. Now I’m completely changed, disgusted. Just when you thought things could get better they get worse

[delicate cloak]

This is kind of going #799010390201466880 . Discord is just another platform and scammers will use any opportunity they can. Hopefully with V2 Staking you can upgrade and try migrate your stake when it unlocks but it will probably be a race with the scammers. Good luck with it.

[paper shale]

That it is, and that it will be. I have a few tricks up my sleeve for the scammers when that day arrives. But hopefully at least some of us can keep our stakes tokens. It wont be easy, but it isnt impossible.

[glass inlet]

It’s not off topic, it just shows everyone how far Discord has gone and lost it’s original purpose. I’m sure they’re making more money. But the purpose has completely changed.

[paper shale]

If it isn't about staked ilv, then it's off topic

[cunning perch]

Discord has always been the first line of questions and help offered by the community and as everywhere else in the world, it is public so anyone can join. We all have to be careful with who we interact. DMs and ppl trying to offer help like validation wallets are def scammers. But to say "discord has lost its original purpose", No, it hasn't.

[brisk surge]

discord is a mids web app lol its not like a place to hold all ur secrets wtf scammers come here because it helps them learn how to hack and what not just like games like ark kids use to learn how to run python scripts and using really any game server to learn how to ddos and use bot nets... just get good. when facing people who use aimbot.... just get good

[paper shale]

exactly. opportunity to improve. Take chess for example, cant get better playing people that suck. life is growth, growth is improvement

[burnt wasp]

Anyway... back to staking. What do we think the APY will drop to once the tokens unlock in March?

[cunning perch]

Doesn't amatter. Unlocked Seed/team tokens are not staked to effect the APY. They are only eligible for RevDis If ppl exit, it will go up and the staked tokens will get more Yield. If many more join, it will drop as Reward Distribution drops.

[brisk surge]

APY on the SLP pool will probably be down to 100% by July.
This was 3 seconds of mental math so take it with a tablespoon of salt.

Revdis should have kicked in by then in a meaningful way though so maybe 25% return annualy from revdis to offset the drop.

[cyan rampart]

If we're talking right when the unlocks start, I reckon we could still be around 300%. APY is a bit of a weird way to measure yield though - We'll definitely be getting less ILV numerically by then, but if we have some serious price action before game launch or after game launch we could see the APY hold steady or even increase.

[gloomy gazelle]

Unlocked tokens could be withdrawn and then staked in the core pools. It would start to make a difference in the rewards apy for sure.

[rapid sentinel]

The 300% apy from SLP pool is applied only to the amount of ILV in the pair ilv/eth or the total amount, ilv+eth?

[cyan rampart]

The total amount, ILV + ETH.

The only thing that factors in ONLY the ILV portion of staked SLP is revenue distribution. Revdis is only paid to staked ILV, so you only get revdis on HALF the value of your SLP investment.

[rapid sentinel]

Oh I see! Thank you

[hollow goblet]

Any updates on staking v2? Still worth to wait for a 3 ilv and ETH investment?

[gloomy gazelle]

!lp at that much usd might be worth doing before v2 launches. It’s gonna earn a bit. I’m not sure. Use this form to help you decide. It will probably be a couple of weeks still until v2 launches. But we don’t know for sure. It all depends on the audit.

#🥩〕staking message

[woven ibex]

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

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

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

[gloomy gazelle]

You should be able to figure out how much you would be earning every day.

[wheat kestrel]

For V2 staking, will it be possible to batch withdraw unlocked rewards as a single transaction (saving on gas)?

[gloomy gazelle]

Yes.