🥩〕staking

[opal siren]

@steady trellis would love to chat on your spreadsheet mate if you could dm me 🙂

[gloomy gazelle]

Watch out for a scammer trying to impersonate lelahel. Add a user as a friend or start the conversation yourself.

[steady trellis]

Added 👌🏻

[opal siren]

yikes ty

[final steppe]

@marsh juniper With the game still in development, what you have available to you is staking... which allows you to earn more tokens with the ILV you purchased. Some info on that below 🙂

[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

[hollow dome]

Hello guys. Is there still a problem with the SLP pool? On illuvium there is a notification for days.

[final steppe]

Hi Ares! Yes, the sILV minting function is still paused for now so the SLP functions such as claiming, withdrawing, or adding more to your stake cannot be performed. This will get resolved once the team implements V2 of staking. Timeline for that has not been set yet... here's the most recent update from #📣〕announcements :

[stuck quiver]

Just another quick question on the LP staking: the 328% APY for 1 year locked. Is that based on the assumption that you re-stake rewards on a daily basis or is that the pure APY of the LP token alone?

[cyan rampart]

It's the current APR if you weren't to claim at all. Your stake is locked, but the APR listed is not, it's variable.

[signal basin]

So when we claim ILV rewards from the SLP, the rewards go to the ILV pool earning additional rewards, which means APY is actually higher than what is shown, correct?

[pale trellis]

That’s the current APY for staking at that moment not considering anything else.

It’s on a bonding curve because rewards are only given for a few years, so it will continue to go down.

Also as more people stake you will get less rewards because they are spread between more people so more stakers will also cause it to go down.

[stuck quiver]

Great thanks both! Just wanted to confirm the same as JeromeDavid mentioned: if there would be no entry of new stakers, so APY would remain as is, and I would restake my rewards, then potential gains are higher.

Restaking rewards is not considered in the given APR

[spark stone]

Just to confirm, we are able to do the normal ILV staking currently, correct? This is not impacted by the recent breach, correct?

[oblique lake]

hey community, if i buy ilv on binance, send it to meta mask, to stake it on the ilv pool. do i have to calculate a lot of gas fees? is it worth it to stake just 1 ILV or too much gas fee for this small amount of 1 ILV. what is your recommendation?

i found the solana ilv contract address on coinmarket cap. can i stake the solana version too? does anyone have experience with ilv on solana blockchain?

[cyan rampart]

Yeah, that's correct. If you claim rewards as ILV, they are staked in the ILV Core Pool for 12 months, which is additional on top of the displayed APY.

[oblique lake]

i know all about the pool hacking, and that it is paused right now

[hollow trail]

i think 1 ILV is too little compared to the gas fees ( like you'd have to pay 10%+ just in gas )

[cyan rampart]

The APY also decreases over time. The total rewards distributed decreases by 3% every 2 weeks.

The 2 things that cause the APY displayed to decrease are:

Additional Investment in the Pool
The 3% decrease in total rewards every 2 weeks.

[oblique lake]

thank you! what about the sol version?

[cyan rampart]

The APY in the SLP can decrease depending on the token price as well, but that doesn't affect the ILV only pool.

[oblique lake]

does the solo ilv pool has a stable apr?

[cyan rampart]

ILV staking isn't on Solana at all.

[cyan rampart]

No, neither pool has a static APR.

[oblique lake]

is auto compound possible with solo ilv stake?

[cyan rampart]

No, you only get compounding when you claim, and you have to claim manually.

[hollow trail]

stable? no
Calculateble? A bit more than the SLP i think

[stuck quiver]

3% of the current value or 3 actual percent drop?

So 328 / 100 * 97
Or 328 - 3
?

[oblique lake]

thanks for your fast help. love this community and the game!

[hollow trail]

328/100*97 as i've read

[cyan rampart]

3% total. So if in a given block, 100 rewards were distributed, in 2 weeks, there would be 97 rewards distributed per block.

[stuck quiver]

Good tnx

[oblique lake]

i'll invest in land first, any infos when the sILV compensate is coming? the one with the snapshot

[cyan rampart]

Yeah, so a .97 multiplier every 2 weeks, not -3% from the APY.

[worn gazelle]

Does the staking is ok now, can i stake safely?

[modest basin]

Hi, I can’t claim any of my ilv rewards. I’m on trust wallet and I have gotten this error message every time for the past week “cannot estimate gas; transaction may fail or may require manual gas limit (error={"message":"execution reverted: insufficient privileges (ROLE_TOKEN_CREATOR required)","code":3}, method="estimateGas", transaction=“

Looks like this is a known issue being worked on, will sit tight.

[gloomy vector]

where can i find the SLP token address

[simple arrow]

With the gas as high as they are now, what would be the minimum someone would have to stake to make it worth the return

[gloomy vector]

i dont think anything less than 5k is worth it but thats my humble opinion, NFA and do your own research and so on lol

[thorny coral]

So Staking is not working atm?

[final steppe]

Hey there-- Our ETH/ILV SLP will be the 2nd address below 🙂

[woven ibex]

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

[final steppe]

Staking is working as intended if you are staking in the ILV-only Core Pool or if you are staking in the ETH/ILV SLP Pool for the FIRST time.

If you already have tokens in the SLP pool, then you will not be able to add more to that stake at the moment since the since the claiming of rewards from the SLP pool is currently on hold due to the team having to remove the sILV minting function. Once the V2 contracts are live, then rewards claiming will be back.

[thorny coral]

Awesome thank you, how do we earn sILV. By staking ILV?

[final steppe]

Correct 🙂 Staking ILV in either of the Core Pools earns you that APY % you see on the website.

Those rewards can then be claimed either as ILV (which are locked for 12 months and vested in the ILV Core pool to compound your rewards) or claimed as sILV (which are available in your wallet immediately; sILV can be used to pay transaction fees within the Illuvium game instead of using ETH... and can also be used in place of ETH to buy land in the upcoming land sale)

[thorny coral]

Awesome thank you for that information.

[final steppe]

No prob! Feel free to ask any additional questions you might have and we'll guide you as best we can

[thorny coral]

Awesome will do. If I do SLP will I also get rewarded in sILV?

[supple trail]

so i started staking on december 28th with 1 ilv and 1 ILV/ETH LP and 12 month locking . lets say i would increase the LP pool by another 1,5.. can you recommend this? 🙂

at this rate i take 0,2 ILV per month. this would be 2,4 ilv by year at the same rate but apy is decreasing in 2022.. i'm just asking because DYOR and those mathematics are bit too difficult 😄

[elder dawn]

Check out Lelahel's calculator that is pinned. It has a function of estimating rewards for adding more into an existing stake.

[supple trail]

okay thanks, i did, but the calculator is showing me a "minus" rentability :x haha, and another question: why is the ILV price prediction so much? there is about a 5k ilv price in3 years. how should this be going ?

[elder dawn]

Price predictions are always personal preference, as no one knows for sure. Though, if you are asking for 3 year price predictions here, remember you're in the Illuvium Discord 🙂

[lusty pecan]

5k in 3 years is super low in my opinion I see it at 15k 😄

[dull wraith]

Confirm we can still stake our ILV on the Illuvium website?

[final steppe]

Hey -- sorry for the late response-- but yeah, if you choose to stake SLP, you can claim your rewards as either ILV or sILV 🙂

Although keep in mind the team is working to get V2 staking out soon so unless you're staking a larger amount of funds, it may be worth it to wait for V2 to launch (otherwise you may pay a high gas fee now to stake... and then another high gas fee to upgrade from V1 to V2 later).

Just something to consider but not financial advice. Unfortunately we don't have an exact timeline on when V2 contracts will be active

[final steppe]

Ah, my message a few messages above yours goes over that a bit: https://discordapp.com/channels/760344898200666112/859866659011690537/930613328638787584 🙂

[dense flare]

to confirm, V2 will be out before land sale, correct?

not that there is a confirmed date, just asking about whether the release order is confirmed

[fresh grail]

Pretty much confirmed by Aaron in an interview last month. He said because V2 is more important and that almost all progress from Land will be wiped when main game comes out.

[dense flare]

thank you!

can you elaborate on what you mean by all progress from land will be wiped?

[fresh grail]

You will still own the land because it's your NFT, but everything you have done in the IZ game like farming and building is gone besides the Blueprints

[dense flare]

but your resources generated will not disappear, correct?

[fresh grail]

Yes they will, because when the main game comes out. Everyone will start from scratch to make it fair

[dense flare]

ahh i see now

so basically playing the IZ before open beta is practice haha

[fresh grail]

Yep, so make the most of it to get a jumpstart on people

[dense flare]

thanks for your help!

[hollow goblet]

Any progress details to be shared on staking v2? Been checking Wen v2? Daily

[dense flare]

nothing in announcments - https://discord.com/channels/760344898200666112/768749374255398943 yet

[tired cosmos]

Main game probably wont come out until like 2023 with all these delays and issues. Keep it this way so you arent saddened by expectations.

[queen grove]

so progress is wiped as in our stockpiles of resources but doesn't that mean we can't play the game for money because if we sell fuel to other people their stores will be wiped too.

[fresh grail]

Before Open Beta for Main, IZ and it's resources won't be linked to the blockchain and the Illuvidex. So will be like playing with Tier 0.

[queen grove]

well....that's super lame

[peak finch]

hi all. what was the best time (generally) for lower gas fees? i know its not an exact science butt here was a better time than others right?

and....based on all the chatter, is the consensus to wait for v2 before staking?

[gloomy gazelle]

If you’ve got less than $2000 to stake as eth/ILV SLP then waiting is probably the best idea. More than that and you should think it through.

[gloomy gazelle]

Weekends are lowest usually.

!gas

[woven ibex]

GAS fees are an important thing to consider when it comes to transactions on the Ethereum Mainnet. Optimal GWEI can be found by checking the Gas tracker bot in the discord member list and by checking historical gas prices here: https://etherscan.io/gastracker#historicaldata

[peak finch]

i have about $4k each side to stake. still seems a pretty convoluted and difficult process to withdraw/reinvest funds especially with a 12 month vesting period and the cost of regularly vesting 😦

[gloomy gazelle]

!lp yeah it can be a bit much. And v2 will be a bit simpler. You could grab the SLP now and start staking later as well.

[woven ibex]

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

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

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

[gloomy gazelle]

!staking

[woven ibex]

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

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

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

[peak finch]

do i earn anything just by having SLP in the liquidity pool? my main concern is that i cant touch my rewards for 12 months after they vest. so if i lock for 12 months im basically losing control of my funds for 2 years which is a long time in crypto. so just confirming that is correct? i join ILV/ETH pool, stake for 12 months locked. then claim rewards (vest) which are then locked for a further 12 months?

[gloomy gazelle]

Rewards can start vesting before the original deposit is unlocked.

!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.

[peak finch]

ok so even if i lock my deposit for 12 months i can still claim rewards periodically?

[gloomy gazelle]

Yes. But rewards claimed as ILV will need to start a 12 month vesting as well from the time of their “claim”

But sILV will eventually be usable again. And that can be claimed straight to your wallet.

[peak finch]

so if i stake in the ILV/ETH pool i get paid in SILV or ILV?

[gloomy gazelle]

How it works is the rewards are piling up waiting to be claimed/vested. When you decide to execute a claim transaction you have two choices. Claim as ILV or as sILV. (silv is not the SLP token)

[peak finch]

ok...so when claimed either one is locked for 12 months from that vesting date? just wondering why you would claim one over the other?

[fresh grail]

The ILV is locked for 12 months, but silv is in your wallet instantly

[ionic heron]

any advantage to grab the slp now ? since still have to wait

[peak finch]

right so if im only investing for the $$ not wanting to use SILV in game, why would i take SILV?

[gloomy gazelle]

Price changes. You get a tiny bit of value added from future swaps.

[gloomy gazelle]

You can get it into your wallet and potentially swap it for eth. Getting liquidity but not at full ILV value. But this is not guaranteed.

[fresh grail]

Yes if you still intend to stake in the SLP you will receive the transactions fees from the pool while you wait for V2

[peak finch]

ok...so whats is the "value" differential between ILV and SILV rewards? ILV is locked for 12 months but SILV isnt and can be swapped for ETH then sold...so its liquid...but worth less?

say at the time i claim rewards the ILV price is $1000. i get say 0...5 ILV as a reward = $500 but locked for 12 months. what is the SILV equivalent worth?

[gloomy gazelle]

sILV is it’s own token and can trade at whatever value the market decides. Currently it’s not smart to trade the silv token that is getting replaced soon. But eventually…

[fresh grail]

ILV when locked for the 12 months will compound your rewards in the ILV pool. When you claim SILV, think of it as a gift card. Equal value in game, but at a discount outside of it because it doesn't have the same use case

[peak finch]

whats it worth though? if you can exchange it for ETH it must have a monetary value? i get the ILV value and compounding etc...just curious how to somehow value SILV to compare

[gloomy gazelle]

It had been between $200-$600.

[fresh grail]

The current SILV is worth nothing, because they will make a new one after the hack. When it was running it ranged between 1/3-1/2 of an ILV

[gloomy gazelle]

But it moved around a lot.

[peak finch]

cool thanks...it gives me some perspective on the differences. im in for the "long haul" which in crypto is much shorter than normal "long haul". if i stake say 2 SLP = $7500 at the moment for 12 months...i can claim/vest rewards monthly (value should be high enough to manage gas fees) and reinvest on a daily basis into ILV direct staking (at a much lower APY%).

[fresh grail]

Have a look at Lelahel's calculator in the pinned of this channel. It will give you a rough idea what your rewards will be in future to help in planning for it.

[gloomy gazelle]

When you claim the rewards as ILV they automatically get deposited into the ILV only pool. Locked for 12 months to start their vesting time. Technically those ILV tokens aren’t even minted yet. They are just contractually yours to mint when you choose to withdraw them once the do unlock.

!scam never trust anyone that DMs you. They may look like a mod or claim to be support. But they aren’t. NEVER trust a link sent in DM. Especially something about verification for CELO wallet

[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.

[fading bay]

Hi everybody, i'm looking for some help/advices: i'm a very newbie regarding staking, i'd like someone help me understanding what is going to happen as i decide to stake something on the pool. I got 2 Eth from the past and i decided to convert 1 eth in some ILV in order to go on and stake 3 ilv and the corresponding eth in the sushi LP ( actually i understand that is the best option, even if i didn't understand very well why ) . At this point i would convert eth and ILV in SLP ( i should get roughly 1.5 SLP ) and then i will go on staking for 1 year ( i DO believe in this project ) gaining roughly 300%apy ( should be a little more but for easier calculation pretend it's "only" 300% ). At this point i should start getting Rewards that i can claim as ILV ( locked 1 year ) or sILV ( available when the game will be launched ). Now for me arrives the tricky part: let's pretend i claim an amount of ILV 1 week after i start staking, what happen to this ILV ? it goes in a separate pool and starts to generate rewards as well for the year i cannot claim it ? This eventual rewards is added in the main rewards i get from the original stake or i get another reward tab ? the interest i get at the beginning of the staking ( the famous 300% ) mantain the same level for all the duration of the staking ( 52 weeks ) or it get lower as the pool grows ? At the end of the period i can keep my original stake free to generate some rewards? at wich %of apy? if i claim back my original stake, i will receive the SLP in invested ? at that point have i to convert back slp token in the original share of ILV and eth in invest in the beginning?. Thank you for whoever would try to help me and sorry for this long message.

[peak finch]

mate if you read the chat from the last 20 minutes i just went through the same general questions

to answer your question as i understand it...you claim ILV and its staked in the ILV pool for 12 months..i presume this is locked for 12m so gets the higher APY%. subject to how often you do this and the gas fees you pay this will accumulate and compound and you can claim these rewards as you see fit but again subject to fees and if its financially worth claiming too often. each time you claim fees they are locked in the ILV pool for 12 months again and so on. so if you keep claiming ILV rewards from the ILV/ETH pool and ILV pools and reinvest into the ILV pool its building your asset there. the 300% is based on estimates/calculations i dont understand and possibly we cant predict with any certainty...so i presume it will fluctuate a little (not too much as i am hoping for 300% for the 12m). i expect once the 12m is up you can choose to lock it again or continue and stake it at call for half the APY% at the time...or withdraw. when you withdraw i suppose you have to take it out of the SLP pool back to ILV and ETH...then do what you want with it. sound about right ? @gloomy gazelle ?

[fresh grail]

Most of that is correct. When your 12 months locked is up. You can leave your investment in the pools and they will still have the same weigh as when you put them in there prior. No need to relock every 12 months. All Vested will have the same weight as your initial lock or flex ( whatever you decide to do)

[peak finch]

ok...thanks. what part wasnt correct?

so once 12 months lock is finished it still gets the 300% APY without having to lock again?

[fading bay]

ty

[fresh grail]

That's the part you had wrong. It rewards those that run that risk with the longer lock up

[peak finch]

cool. so if i lock for 12m and end up leaving it there for 18m i get the 300% APY (or equivallent) for the additional 6 months?

[fading bay]

so if i stack at 300% apy and i decide not to claim back at the end of the 52 weeks i keep gaining rewards at the original apy i locked, even if in 52 weeks the apy will be lower ?

[fresh grail]

It won't always high apy either. Over time it will reduce, but to offset that in future revdis will hopefully grow and cover the lowering APY of the yield farming

[peak finch]

i think we will get whatever the APY% is during the duration of the 12 months...its always changing

also the price of ILV should be increasing over time as well so you get less ILV but worth more $$

[fresh grail]

Every time you add more to the SLP you can choose what your lock up and weight will be. And when that period finishes you can just leave it in there to get the same weight regardless of if the time is up or not. APY will decrease at around 3% every fortnight.

[ivory wharf]

Whats the issue with the SLP staking pool?

[cunning perch]

Ahh you need to know about SLP atm #🥩〕staking message

[brisk surge]

When I try to claim ILV rewards for both SLP and ILV pool it says cannot estimate gas; transaction may fail. Is this an issue everyone is having that will be resolved soon what's up with this?

[south fable]

same problem here, is this a known bug?

[sacred cosmos]

Its an issue where due to the amount some of it is being converted to sILV which is currently disabled.

[midnight belfry]

wen can we stake slp?

[true coyote]

Yeah this is not a great situation with V2 as a solution without a timeline, forced staking isn't a great look if its allowed to be frozen for a longer time.

[bright heart]

We're still not able to stake into the SLP pool, right? Because the sILV cannot be claimed.

[hot lynx]

Perhaps too long 🤣

[green bison]

First Stake gone in, only 1ILV, however, i had to start somewhere!

[hot lynx]

Best read the pin

[queen grove]

✊

[green bison]

👌

[fading bay]

new to discord too: fastest way to find the pin ?

[hot lynx]

Swipe right to left .. Done 👍🏻

[crimson cipher]

like this

[fading bay]

ty

[high creek]

hello, sorry if a bit late, so i stake my $ilv many months ago that is 1 year locked, and i saw a hack recently in the ilv website (?) that is somehow related to staking if im correct. is my fund there safe or should i do something like transferring it to like v2 wallet? thank you

[brisk surge]

Your funds are safe the hack exists on sILV contract

[high creek]

gotcha, thank you!

[brisk surge]

although the sILV is for the function of claiming ILV/ETH pool and staking SLP other than that you are good

[ocean quiver]

Is there any way to stake without having to withdraw current rewards ? I have $600 worth of ilv in the vesting period and I wanted to stake the rest of my ilv but I am forced to pay $200 in gas to withdraw $10 worth of rewards that I have made from my vested amount ??? This makes no sense, $200 fee to take out $10, then I need to rush to stake my ilv before I make another $0.01 in rewards from the vested amount or it will force me to withdraw the rewards again.

[atomic lagoon]

wait for V2 and you will have that option. 🙂

[ocean quiver]

Amazing any timeline for that ?

[cyan rampart]

Yeah it's frustrating, that is one of the things V2 will change. The only way to stake without claiming rewards NOW is to stake from a new wallet. Personally, I'd wait for V2 to come out. The timeline on V2 got pushed back, as there are additional code audits happening for it, and it also has to include a solution for sILV V2, as per recent #📣〕announcements . Basically ASAP but we don't have a date for when it's gonna go live.

[ocean quiver]

Ok sounds great thank for the information!! I’ll wait for V2!

[wheat stag]

can i has my staked lp pls

[distant coyote]

What's V2?

[cyan rampart]

Updated contracts for staking.

There's an IIP for V2 pinned here if you wanna dig into the details.

[distant coyote]

Ahh yeah, will do. Thanks! New to this project

[cyan rampart]

No problem, feel free to ask any questions 🙂 Also definitely read through the #❓〕faq and linked docs there if you haven't already!

[distant coyote]

Will do!

[tiny void]

Might be kinda late, but is there a reason why the LP token pool isn’t generating rewards?

[spring plume]

hey guys I was about to stake 1 ILV (all i can afford) but thought it was on immutable for zero gas? should i wait for v2 to come out to avoid two gas fees?

i only rly care about sILV rewards so want to start generating it asap so if v2 is far awy ill prob stake now?

[ember ginkgo]

v2 should happen this month

[spring plume]

oh nice ty fraggy!

[winged cloak]

Did someone say V2 this month? or is this speculation?

[ember ginkgo]

That’s the goal

[stoic portal]

i just staked ilv. but paid a huge gas fee for it xD

[supple meadow]

gas fees are insane rn

[young totem]

May i ask if is safe to start staking NOW?
Or just buy ILV and wait The v2 to start staking. ?

[cyan rampart]

It's safe, yes, but I'd wait for V2 anyways, as you will save a fair bit in transaction fees AND not have to upgrade once V2 launches.

IMO just buy ILV for now, stake later.

Also gas is ridiculous right now.

[tawdry saddle]

what is V2?

[hot lynx]

All good now ?

[fading bay]

still gathering infos

[hot lynx]

Ok have a good read 😊
The mods here are really good and the community is positive
Welcome 🤗
I will tag some that I have chatted with as your new to DS @cyan rampart @gloomy gazelle @crimson cipher @cunning perch
Depends on your timezones
Good luck 😃

[fading bay]

eheh ty

[candid plover]

Getting this error when trying to claim on MM. I dont have much ETH in this wallet but I was trying trying to see how much it'd cost to claim atm. "cannot estimate gas; transaction may fail or may require manual gas limit". Anyone else getting this?

[final steppe]

Hey Rawkus! You should be able to claim ILV rewards from the ILV-only pool.... but if you're trying to claim from the SLP pool, this is not possible at the moment.

This relates to the pausing of the sILV minting function as Aaron announced a little while ago. The sILV mint function is used within the ETH-ILV SLP processes so for now, we cannot currently claim SLP rewards or withdraw/stake additional SLP tokens until the V2 contracts are live.

[candid plover]

Oh okay thanks. Any idea if we’ll be able to claim partial rewards on v2? I think ill have a lot more Rewards to claim than id like to spend on the land sale by that time…

[final steppe]

I didn't see anything about that in the V2 proposal draft... so I don't believe that's going to be an option. But the official proposal hasn't been submitted yet so I wouldn't rule it out!

There is also the option to claim sILV from one pool and then claiming the other pool's rewards as ILV, if that helps in your case.

[candid plover]

Sorry if that was a little vague. I mean like if i have 100 ilv in rewards can i claim 50 as sILV and the other 50 as IlV. Oh nvm u got it lol

Mmm yeh maybe i can combine sILV from a few wallets to make it work

Is there an eta on v2 ive been a out of the loop.

[final steppe]

Nah, not yet! Still waiting on an update from the team but I know V2 is what they're working to get out ASAP.
From the latest announcement:

[candid plover]

yeah seems like V2 has to take priority over everything atm given the current situation.

[south anvil]

May seem like a silly question, but: Can you stake multiple times to get both ILV and sILV rewards? For example stake $100 in the ILV pool and select ILV rewards, then stake another $100 as a separate transaction and choose sILV rewards? I apologize if Im missing something here...

[gloomy gazelle]

You don’t decide which your rewards will be when staking. You decide what it will be when you claim. You can do a single deposit and just claim sILV when you want and ILV when you want.

The rewards pile up until you claim them. Then the pending rewards resets to zero (since you claimed them) and the rewards start piling up again.

!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.

[candid plover]

Right but i was hoping I could claim part of my rewards as sILV and part as ILV since i think my ILV claim pool will be more than id like to spend on the land sale by the time im able to claim again.

[gloomy gazelle]

Mmm we will need to see what v2 staking enables. I’m thinking it won’t be possible. But I could be wrong. I remember that happened one time.

[candid plover]

Yeah im guessing not

[lilac lance]

I still have such a hard time understanding the cycling of staking toward claiming...so you have to buy ILV then stake it for a few months which will reward you sILV which when the game is released will allow you what??

[gloomy gazelle]

sILV is like a gift card. Use it to pay for anything in the game that costs money and is paid to the studio. The only thing sILV is not usable for is paying to other players to buy their NFTs.

!earn here’s some stuff sILV can pay for. All of that down there except for marketplace and wagering (since those are paid to other players and therefore must be ETH)

[woven ibex]

In Illuvium there will be several options to P2E:

• sell captured Illuvials
• sell farmed materials
• sell crafted items
• play the marketplace (buy low, sell high)
• wager on battles in the Leviathan Arena
• earn some of the 1 Million ILV set aside for in-game rewards
• …

BUT, while the game will be free to play, in order to participate in the earning part of the economy, a bit of money needs to be invested. A full cycle of travelling, curing shards, etc. is currently estimated to be around $50 (this can still change).

[crisp spire]

Guys, do you think is gonna be possible to change the wallet that the tokens are staked when migrating to V2?

[vestal vine]

Does anyone know when LP staking will become live again?

[gloomy gazelle]

Check the pins.

[gloomy gazelle]

As soon as it’s safe to launch v2 staking.

[crisp spire]

Thanks. Always forget to check the pins.

[midnight belfry]

is it me or is gas price deadly atm

[gloomy gazelle]

Yikes very stupid high.

!fees

[lilac lance]

When is the expected to release?

[knotty river]

Fast: 245 Standard: 245 Slow: 244
Simple ETH TX: $17.26 (0.0051 Ξ)
Token Approval (ERC20): $42.31 (0.0125 Ξ)
Token Transfer (ERC20): $39.94 (0.0118 Ξ)
Uniswap Trades: $99.5 - $165.84 (0.0294 Ξ - 0.049 Ξ)

[gloomy gazelle]

The new staking protocol? February sometime seems the latest possibility to me.

The game. Sometime after late March.

[lilac lance]

Would it be better to wait until Feb to start staking

[gloomy gazelle]

No. Whenever the team launches v2 will be the best opportunity. It will be in #📣〕announcements

[young totem]

mhhhhhhhhhhhh nice to see the gas fee are low RN Kappa !

[lilac lance]

So much to learn so little time

[gloomy gazelle]

!staking is not too bad.

[woven ibex]

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

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

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

[gloomy gazelle]

Check that video out.

And some others from #🎨〕community-content

[lilac lance]

appreciate that...now what is V2 guessing better than V1

[vestal vine]

So is staking down until V2 launch? Also, will V2 launch happen before land sale or will these two things coincide closely in time?

[quaint raptor]

Yeah, updated contract with some extra features (lower fees / single claim for multiple rewards / can change wallets). Most recommendations right now are to wait because you'll have to upgrade a v1 stake to v2 within a 1 week period of v2 going live to continue receiving rewards.

[tawdry saddle]

can someone explain me what is land sale?

[quaint raptor]

You can still stake, you just can't claim rewards and will have to pay to upgrade to v2. If you already have a stake though, you may not be able to add more since that requires claiming existing rewards. As for timelines, v2 will be available before land sale.

[quaint raptor]

Land sale is mostly in #🎮〕illuvium-zero, which is the mobile game that will use land to produce resources used in the main game as well as potential future projects. It'll be purchased with sILV (v2) or eth.

[tawdry saddle]

ty

[gloomy gazelle]

Yeah more efficient gas cost wise. And has more capabilities. Which will also save stakers gas. More info in pins.

[gloomy gazelle]

I think V2 staking will need to happen before land sale. Since v2 is needed for new sILV and new sILV is needed for land sale.

[hot lynx]

Hey Pelican ye that's the order.. to make it work imo

[lilac lance]

What p2e games do you guys play now

[hot lynx]

#799010390201466880 could be an option

[quaint willow]

Could some one explain the pros and cons to staking ilv vs SLP. Obviously there is a higher apy for slp but I also assume a greater risk? Any other comments. Any suggestions on how I should split my money in these pools?

[elder dawn]

I would check out this table, or my articles on Publish0x (linked in my profile). How you distribute or which you choose is up to your risk tolerance and goals. #🥩〕staking message

[gloomy gazelle]

Staking is only down for SLP. But you could still stake SLP with a new wallet. But you’d want a significant amount to make that worth it. $5k value or more. Not sure.

Claiming any pool as sILV does not work either.

[quaint raptor]

Probably not even $5k until the gas prices stop this nonsense 😂

[gloomy gazelle]

Yeah gas costs should be under like 80 gwei. I aim for under 50 gwei honestly.

[quaint willow]

Wow thanks for sharing!

[stoic portal]

thx guys i think i paid so much gasfee that i wont get any good returns on IVL staking xD

[harsh breach]

wen v2 staking? can I already upgrade?

[harsh breach]

what is new silv? does "new silv" make current seemingly worthless silv remain worthless?

[brisk surge]

The new sILV will be a whole new token with a different token address. If you held the old sILV before the snapshot you will receive an equal amount of new sILV and the old sILV remains worthless.

[harsh breach]

thanks for explaining. luckily didn't own any. was just pondering, if I should be buying it up now as it's literally pennies... apparently not.

[winter cove]

How much were the gas fees?

[stoic portal]

150 dollar voor 0.5 ilv

[lunar marlin]

Is staking disabled until V2?

[vast portal]

?

[whole elk]

Hi folks, just checking to see if this is a me problem or all claiming is paused due to the exploit.

cannot estimate gas; transaction may fail or may require manual gas limit

I can claim from ILV pool but not from my Sushi LP pool

[wraith widget]

All claiming from the SLP pool is paused right now bc of the exploit

[neat lotus]

could you take your ILV reward from LP staking > add back some ETH and rebalance it into the LP pool somehow instead of going to ILV-only? or is that not possible

[wraith widget]

I don't think that's possible because those ILV rewards are locked up 12 months after claiming

I think that's why some people claimed as sILV and then sold on the secondary market so they can purchase more SLP and add to their stake (but obv that's not possible atm)

[neat lotus]

alright thanks. just wondering. yeah, that makes sense to sell it off early since they could get such high APY, it'd compound faster and usually be higher return

[wraith widget]

Absolutely, I think everyone has to make that calculation for themselves but at this point I'd imagine a lot of people are stockpiling sILV to buy up land

[neat lotus]

there are a lot of upcoming uses for sILV, that definitely makes sense. also the swap pool has to recover

[wraith widget]

Yup! I believe they're working new sILV right now and it should be done prior to the land sale

[neat lotus]

that would be awesome

[whole elk]

Thanks AstroBee. I don't mean to be a pain but just to clarify, I am trying to claim ILV and getting that error

[wraith widget]

No worries, yes I believe all claiming (ILV or sILV) is paused for the SLP pool at the moment

I also tried to claim ILV a few days back and got the same error and found out almost all actions with the SLP pool (claiming, staking) is paused temporarily

[whole elk]

Thanks very much for the info 🙂

[wraith widget]

Although there are rumblings that some of those actions (claiming/staking) will be available soon. But no one know quite for sure when that will be 🙂

[gloomy gazelle]

Glad to see you back.

[coral pike]

sILV isn't the official token.

its not meant to be traded .

it has no value outside the illuvium ecosystem.

A new unofficial sILV V2 pool is not guaranteed and may not happen right away

There is the possibly someone outside the team could set up a sILV v2 liquidity pool

there is also a possibility some one will drain the pool or who ever sets up the pool could vanish and take their liquidity back the same thing could happen so

FYI: Trading sILV v2 is still unofficial , still not supported by the DAO and and **still at your own risk ** there is still and always will be an inherent risk to trading SILV v2

DO AT YOUR OWN RISK!!!!! (edited)

[spark kiln]

How do the founders based in Australia account for the staking rewards for tax purposes? E.g. If I stake my SLP and I earn rewards in ILV token which I need (to pay ETH gas fees) to claim, when I claim it the rewards are vested for 12 months. How does the tax on the rewards work? Do I claim the ILV token as income from the date that I claimed it? Or do I claim it as income from the date that it is unlocked (i.e. after the 12 month vesting period)? How do I export that data to a tax software e.g. koinly?

[coral pike]

That is not a question for this forum . The DAO is not responsible for peoples taxes . If this is concern of yours and you would like to prepare please consult a tax specialist in your country for the most precise information.

[lunar lintel]

a bit confused by this. i thought you just couldnt take out your initial stake for as long as its locked. youre saying you cant claim ilv rewards to add to your initial stake?

[autumn cloak]

What AstroBee is saying is that people would do an initial stake, then instead of claiming ILV, they would claim rewards in sILV (which are available immediately and go straight to your wallet), liquidate that sILV for ETH, then use said ETH to buy ILV to then pair with ETH to stake SLP. With the hugely high returns on SLP staking, this could be a very profitable strategy

[inner estuary]

When calculating the revdis. Is the number of tokens that will receive the revdis equal to the number of tokens currently being staked? Around 1.5m

[coral pike]

only staked ILV will get revdis AFAIK it would be like if you had $100 and 10 tokens each token would get $10 ( i could be wrong )

[analog turtle]

how much do you need to stake

[gloomy gazelle]

No. The eligible tokens for revdis are closer to 7million. It’s all the tokens held by anyone.

[gloomy gazelle]

Any amount you want. But $1000 in usd is probably the smallest I’d recommend.

!scam don’t trust anyone that DMs you. Mods get impersonated and there’s no one assigned to support in DMs. Don’t use a celo wallet. It’s all scams.

[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.

[analog turtle]

Why’s that, what would you make even off 1000

[gloomy gazelle]

Apy is around 30% for the ILV only pool. So you could get $300 after a year. But you should wait until after v2 staking starts to make your deposit.

If you have more to spend then eth/ILV pool the better option. Much higher apy but also higher costs.

[violet axle]

So right now, just to be clear, I cannot claim rewards from the pools?

[gloomy gazelle]

It can be done. But SLP staking pool often pulls some sILV. But not always.

Most interactions with the ILV/ETH SLP core staking pool don’t work at the moment. That’s because claiming ILV from SLP results in sILV dust and you cannot claim sILV, so that means claiming ILV from SLP is also usually going to throw errors. The same is true for withdrawing from the SLP pool since that requires a claim first. Also adding a new deposit to the SLP pool if you already made a deposit to the SLP pool previously because those also require a claim to clear the pending rewards. (This one has a work around. You can simply stake the SLP tokens from a new wallet that has not staked previously. But waiting for v2 may be advisable for smaller deposits)

Essentially, v2 staking will need to be live before most of the SLP pool interactions will work. But when it’s live things are going to be much smoother.

[violet axle]

Okay. Now one of my wallets may be compromised. My other wallet is not, otherwise I’d see all that Eth stolen by now. That un-compromised wallet also has a lot of SLP and ILV staked - my question is: I see the staking contract has “updatestakelock” function which has a start and end time, presumably for each address. Effectively, I’m inferring they can manually override the lock so I can safely remove all that ILV and restake it on another wallet. Is this possible? @median canyon @opal elm @dry junco

[tight hazel]

I'd gladly sacrifice my sILV dust to stake/claim 🥺

[gloomy gazelle]

Sure. But where does that ILV go then?

If the dust just disappeared there’d be no proof.

Just poof.

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-yield-farm-gif-22316428

It’s possible to get the two claims in fast enough that small stakes don’t need to mint sILV.

But it’s rare it seems.

[tight hazel]

Hehe yeah... it's ok, I'll remain patient for v2, just sucks missing out on a good $200/day in yield + compounding. I could throw my SLP into a fresh wallet but too lazy

Would rather the team take their time to make sure the new system is robust

[light onyx]

Hey everyone im new here, is there a timeline when staking v2 will be released?

Also, how much ILV do you recommend staking for a good APY return? I can only afford 3 ILV at the moment...

[final steppe]

Hey there— no timeline has been announced yet. Hoping in the next 2-3 weeks but stay tuned to #📣〕announcements

As for how much is recommended— the APY is going to be the same % regardless of how much you stake, whether it’s 3 ILV or 333 🙂 It all depends on how often you plan to claim because you don’t want the gas fees to outweigh your returns

[light onyx]

Awesome thanks for clarifying, should I wait until v2 comes out before staking?

[final steppe]

(Not financial advice) but it might be a better call to wait since you’d be paying gas fees now and then also having to pay gas to upgrade to V2 once it comes out… that could easily be $300 in gas eating into your profits at the current GWEI.

Waiting for V2 could give you a little bit of time to accumulate some more ILV as well, if you want to increase the amount you want to stake

[final steppe]

Also BEWARE of private messages! No mod or member of the team will DM you first.

If you’re receiving any direct messages from people claiming to be from Illuvium… scam! Please report them in #🚨❗〕report-scammers

[pine hill]

so wait, don't buy ILV now and steak, wait until V2?

[light onyx]

I have ILV in my crypto.com account, can i send it to metamask? Or should i send ETH to metask and then swap on sushi to ILV? Or it doesn't matter which process i take? Sorry for the newbie questions

[robust knoll]

it doesnt matter

[final steppe]

For smaller stakes, that’s a probable course of action as gas fees have been a bit high recently and you don’t want gas to eat into your profits when you pay fees to stake now as well as pay another fee to upgrade to V2 when it comes out.

So I recommend taking a look at the APY of the pool you plan on staking in and seeing if the rewards you’ll earn in the next 2-3 weeks will be more or less than the gas fees you’ll find yourself paying

[robust knoll]

in fact withdrawing from crypto.com should be better as you incur less cost (withdrawal fee vs gas) compared to swapping

[final steppe]

Either option works! However keep in mind the fees to swap from ETH to ILV on Sushi will be more expensive than buying the ILV outright in a CEX like Crypto.com.

So if you already have the ILV on Crypto.com, I would just send it over to MetaMask when you’re about to stake.

You will still need ETH in your MetaMask wallet as well though (to pay the gas fees for staking/claiming rewards)

[worn palm]

What's the current advice around claiming pending rewards? Are we to hold off right now?

[pine hill]

ok, so if i'm going to buy $60 of ILV to steak right now it's a waste of time?

[cyan rampart]

Yes, don't stake if you only have $60 to invest right now. You'll spend more than all of it on gas fees.

If you're on a small-ish budget, I'd use a CEX to accumulate some ILV, and swap it over to a seperate wallet, like Metamask, when you have enough to stake.

[pine hill]

ok, ty 🙂

[cyan rampart]

I'd say something in the realm of $800-$1000 is right to start staking, depending on how gas prices are.

There are calculators pinned here you can use to help figure out what's right for you 🙂

[gloomy gazelle]

If in ILV only pool. You could claim those as ILV no problem. But you’ll need to make a claim as part of the upgrade to v2 staking as well. So you may want to wait.

Alright. Later guys. I’m gonna get some sleep.

[pine hill]

what would be a good CEX for ILV? crypto.com ?

[cyan rampart]

I believe Crypto.com is a good one if you're in the U.S.

[pine hill]

ah, i'm in Australia

[cyan rampart]

It mostly depends what country you're from, and what exchanges you personally trust.

[warm yarrow]

can somone help me find the gasnow website?

[cyan rampart]

!buy Try Binance then, it might work in AUS.

[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

[worn palm]

Ok thanks, I've been holding off for V2 for quite a while now. I've currently 2x what I'd normally claim pending so it's really starting to build up. Mainly from slp pool though so I'll continue to hold off claiming then.

Good night.

[pine hill]

wouldn't buying ILV on Sushi involve a gas fee?

[warm yarrow]

why gas is cost so much right now is it even worth to stack right now?

[oblique cargo]

yes ,but then you can stake or unstake , on bianace they will be just on the exchange

[pine hill]

i only have a small amount though, so i was going to keep it on an exchange until i have enough to steak

[fresh grail]

You can use Kucoin, Binance, Coinspot and Swyftx

[brisk surge]

I have three things that interest me:
1 If I stake an ILV, can a reward silv be used immediately to buy land?
2 Does it matter if we get ilv in the normal pool or in the sushi pool? Will the prize be in silv or in token sushi?
3 What is the price of Silv to ETH?
Тhanks in advance

[cunning perch]

Hey M8. First watch out for DMs. They are scams

[cunning perch]

1. You can claim sILV and buy land (but after sILV is fixed. It's not functional atm)
2. You can add SLP and/or ILV in their own pools and choose whicever reward you want. ILV will be locked, sILV will not. (Though staking SLP has issues atm unless you stake for the first time)
3. sILv always has the same value of ILV in ILV ecosystem. Outside of it is not related to ILV but the open market cause you buy from hand (if there is a pool)

[brisk surge]

I ask about the price of Silv because it had reached a price of 500, and at the same time the price of ilv was close to 1300. How much silv should I have to be equal to 0.5 ETH?

[cunning perch]

As I mentioned, sILv in the open market can be anything. Atm sILV in the open market is worthless and is worth 0 whatever price you see. So please don't buy it. sILV V2 will be handed out with Staking V2 later. To see how much it is worth in ETH for land, it all depends on ETH and ILV prive when the land goes live

[brisk surge]

Last question, if I steak in a sushi pool (after it works) will the rewards for Silv be bigger than if I stacked in a normal pool?

[severe mural]

Regarding staking ILV, which is better option (less costly) to move ETH from binance and swap it for ILV, or to move ILV to metamask and just stake it from there?

[cunning perch]

Yield, yes. LP receives 80% of the rewards, while the normal ILV pool 20%

[cunning perch]

If I wanna buy ILV, I'll do it on Binance, transfer it on Eth mainnent to MM and then stake it. This is more cost-efficient than buying ILV from a DEX.

[severe mural]

Thats what i thought, also i noticed that on KuCoin transfering ILV to metamask is costing less ILV.

One more question, when L2 comes out, we still need to have ILV on metamask eth mainnet, right?

[cunning perch]

Originally, buying on a CEX is gas-friend;y, though some CEXs like Crypto.com charge you for the money transfer. Binance doesn't afaik.

[cunning perch]

Yes. ILV will always be on ETH whether on L1 or L2

[vital kayak]

Great Watchmen pin!

[cunning perch]

Wasn't it the pin of the dude that died? The guy the daughter of whom didn't know she was his daughter? I have fade memories regarding watchment 😄

[severe mural]

@vital kayak ,,It's a joke. It's all a joke''

[tiny void]

Are the current APY’s sustainable for the long term?

Also can you have both locked and flexible stake going on at the same time?

[cunning perch]

No. They will change.

[cunning perch]

Flexible pool will be revoked by the introduction of V2 (in a month or less)

[pine hill]

i got from coinspot, ty 🙂

[jolly rain]

Hello bro, do we get Rev-dis on staked rewards ?

[cunning perch]

Hey buddy. On staked (deposited) batch and claimed ILV rewards, Yes. On "pending rewards" nope 🙂

[jolly rain]

Ok. that is great, thank you

[sudden wagon]

Is that the current timeline for V2, <1 month?

[cunning perch]

It's a guess as nothing has been mentioned. But we need it fast since the rewards need to be claimed and new sILV generated

[sudden wagon]

Yeah, I'm waiting for V2 to claim, I'm being as patient as I can. Thanks for the info, you're a saint helping everyone out.

[scarlet void]

Hi Arash, regarding "(Though staking SLP has issues atm unless you stake for the first time)", do you mean SLP pool could still work now if we are first time staking?

[cunning perch]

Happy to help 🙂 you will be able to claim even before V2 since rewards will probably be stopped for some time in order to stop the sILV dust minting #🥩〕staking message

[cunning perch]

Hey 🙂 yeah. Staking SLP for the second or more time means you will be forced to calim rewards first. Now if you don't have SLP rewards, then sILV dust will not be minted, therefore SLP goes through. Unless SLP as a whole has issues (which is possible). I wouldn't stake any SLP until the link above starts

[sudden wagon]

That's confused me a bit.
I have SLP staked, and have therefore also accrued some staked ILV (I've no interest in sILV at this point)
My issue currently is that claiming rewards forces me to claim from both pools but it's an annoyingly small amount coming from the ILV pool, that I'd rather not claim until it's worth the gas.
I'm waiting on V2 to fix this because then both pools can be claimed in one transaction right?
Has anything about my strategy (wait till V2, claim everything at once, save gas) changed with the sILV issue?

[scarlet void]

Thank you so much, it's clear to me now... 🙂

[cunning perch]

If they stop the rewards (until V2 is implemented) since there is no sILV or any other rewards for that matter, claiming SLP rewards will not incur sILV dust and the TX goes through

[quaint cradle]

I have the exact same strategy and the exact question whether it is valid. 🙂

[sudden wagon]

I'm not worried about failed transactions, but about incurring multiple transactions from claiming both the ILV and SLP pools. I'd rather not claim the ILV pool but it forces me to currently. Hoping that'll all still be streamlined in V2.

[spring basalt]

Hi guys. I got 1.something ILV staked at 44% back than. at this rate I am not going to get to my 0.44 ILV reward after my 52 weeks end. How come?

[gentle pumice]

Every two weeks you get 3% less rewards

[spring basalt]

Oh ok

[gentle pumice]

And if more people join the pool you will get less rewards too.

[spring basalt]

Alright. Thought is was fixed since I locked but ok. Locked so I hodled for sure

[gentle pumice]

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

[quaint cradle]

Again, I’m in the same boat and hope the claiming is joined together in V2. Claiming super tiny amounts of ILV is a waste of time for everyone.

[cosmic trellis]

Hey y'all I have a bunch of tiny amounts of ILV staked from claims when staking more. Will I be able to move all of these to V2 when it comes out in a single transaction or will I have to pay gas for every vested amount?

[mortal widget]

where can i stack my ILV?

[final steppe]

Hi Clorxo-- so when it comes time to upgrade, you only need to process an upgrade transaction once per pool.

So 1 upgrade/gas fee is you're only in the ILV pool.
2 upgrades/gas fees if you're in both the ILV pool and the ETH/ILV SLP pool.

Once upgraded to V2, if you have multiple vested REWARDS balances, you will be able to unstake all of the unlocked rewards tokens within a single transaction.

DEPOSITS are different though. Once your DEPOSITS unlock (like that 1 ILV in your screenshot and any others you might have), you will then need to pay a gas fee for each deposit to migrate them to V2... the initial "upgrade" doesn't move your deposit over to V2.

[final steppe]

Hey there-- info on staking below. We recommend staking directly on the official Illuvium website 🙂

[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

[mortal widget]

ty

[vital kayak]

Yes the old veteran Watchmen “The Comedian”, who was played by Jeffrey Dean Morgan aka “Negan” on the Walking Dead series

As the Comedian who’s smily pin got blood splattered

[edgy pivot]

hi is staking back open, wasnt it closed for a minute?

[worthy peak]

Oh Negan was horrific and amazing!

[wraith token]

So when 3mill rewards are done we will be living off of in-game revenue right?
Trying to find more details on the in-game revenue if anyone knows, the help would be appreciated.

[cunning perch]

Right. I knew I had seen him somewhere. Watched the Walking Dead just because of him otherwise I would have quit watching it a loooooong time ago

[cunning perch]

yes. RevDis. here:

[woven ibex]

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

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

[hollow goblet]

Daily check - any update on sla v2 timeframe?

[severe mural]

😁

[south anvil]

I just got a DM from a "Perry Robot" that v2 staking is now live at 1000% APY...

[median canyon]

Report it.

It’s a scam obviously.

[south anvil]

Yeah I figured....got a laugh out of it though

[pale trellis]

I’ve got 25 ILV in pending rewards to claim. I should have just claimed them a week ago. How far is V2 looking now?

[cunning perch]

Banned whatever Robot I could find again.

[vital kayak]

Agreed!!

[winter cove]

In an interview yesterday Kieran said that staking is on hold until V2 is launched.

https://www.youtube.com/watch?v=BTgHxvcBhas - See at 31 minutes and 15 seconds.

[winter cove]

Is staking on hold or is it active?

[cunning perch]

SLP has issues. ILV pool is fine afaik

[final steppe]

Staking is still active! The rewards are still being distributed to stakers in both the ILV and ETH/ILV SLP Core pools, as usual 🙂

However, it's just not possible to process a rewards claim for SLP pool right now until the V2 contracts are up. Because of this, it's not possible to withdraw SLP or add more to the stake (if you have rewards pending)... since that would also require you to claim.

People can still stake in the ILV-only Core Pool or stake in the ETH/ILV SLP Pool for the FIRST time and don't already have pending rewards.

[winter cove]

Thanks. How much would it cost in gas fees to stake approx 3.5 ILV + 1 ETH? Assuming I can find a time of the day when the gas is reasonably low.

[elder dawn]

see this pinned message and calculator by vetemor. you can enter eth price and gwei and it will give you estimates for the staking steps. #🥩〕staking message

[tiny void]

Would it be recommended to stake LP tokens right now? Or should I wait until after the migration to V2

[cyan rampart]

NFA but I'd wait for V2. Of course I've been saying that for a while now, and V2 got delayed a bit because of increased code audits and the sILV ordeal, so it's up to you! If you have a LOT to stake, it may be worth paying the gas fees to upgrade later and stake now.

[tiny void]

In order to transition we just have to pay gas fees?

[cyan rampart]

Yeah, upgrading from V1 to V2 will cost gas, we don't know how much exactly yet.

Your stake will also be locked in V1 and interacting with V2, so you won't have the full functionality of V2.

#🥩〕staking message

[lunar marlin]

wait, what the hell? 700+ gas? DUDE

[gray crag]

fees.wtf airdrop is ongoing right now, gas will suck all day!

[restive arrow]

time to move to a layer 2 like Matic and get away from those ETH fees

[weak notch]

sorry to go off-topic, but do we know when we can claim our ILV rewards?

[coral pike]

any updates will be in #📣〕announcements if you don't see anything new in #📣〕announcements then there has not been an update

[peak finch]

i can see my stake and rewards in zapper....just no feature to claim which is because of the upgrade in progress? not ready to claim but i dont even get a screen that shows me rewards earned on illuvium. only see it on zapper

[atomic lagoon]

This may help answer
#💬〕general message

[dusty quarry]

Hi! New comer to ILV here.

Just wondering, are the gas fees for staking really supposed to reach 160$?

[gloomy gazelle]

!Fees are high at the moment.

[knotty river]

:fuelpump: Current gas prices

Slow :turtle: | **>10 minutes**

167 Gwei

Average :person_walking: | **3 minutes**

167 Gwei

Fast :zap: | **15 seconds**

169 Gwei

Fetched from etherscan Use !help to get the list of commands

Fast: 169 Standard: 167 Slow: 167
Simple ETH TX: $11.6 (0.0035 Ξ)
Token Approval (ERC20): $28.51 (0.0086 Ξ)
Token Transfer (ERC20): $26.85 (0.0081 Ξ)
Uniswap Trades: $67.3 - $112.06 (0.0203 Ξ - 0.0338 Ξ)

[dusty quarry]

What would the average price be if I may ask? 🙂 fairly new to the ETH block chain as well, but I do know that it is infamous for it's high gas fees hahahaha

[gloomy gazelle]

!gas

[woven ibex]

GAS fees are an important thing to consider when it comes to transactions on the Ethereum Mainnet. Optimal GWEI can be found by checking the Gas tracker bot in the discord member list and by checking historical gas prices here: https://etherscan.io/gastracker#historicaldata

[gloomy gazelle]

Try the historical data to check. But I don’t do transactions over 100 gwei. I try for under 50 most time in the past months.

[dusty quarry]

Thanks for this! 🙂

[tacit timber]

Hi I bought 16 illuvium tokens last year on sushiswap and staked them paying gas in ETH.

I now see illuvium can be bought on Binance. Can I buy more tokens on Binance and add them to my staking pool? I guess I will be using the Binance smart chain and pay gas to stake in BNB? Is this possible?

When I want to sell, can I withdraw all my tokens using the Binance smart chain?

[ember ginkgo]

You can buy ILV on Binance and send them to your metamask and add them to the staking website.
As far as I know it's not possible to stake in BNB

[ivory fog]

illuvium is on ETH network not Binance smart chain network so you must do activity on ETH network only

[sacred cosmos]

Yes. Buy in binance. Withdraw to your MM. Connect MM to staking.illuvium.io and stake.

[sonic lotus]

But make sure you send it to ETH Mainnet on MM

[midnight belfry]

wen stake!?

[hazy token]

hey folks, I've been a bit out lately, just catching up. Is there an approx date for the transition to staking v2?

[cunning perch]

Nope. Not yet

[hazy token]

ok, thanks!

by the way, if I add to my stack on the SLP pool and stake, when it comes to transitioning to Staking v2, would there be different tx for each addition and the various vesting periods, or would everything transfer in one tx? (i might have explained that very badly 😆 )

[cunning perch]

If you mean upgrade, then it's 1 time per pool. So depends in which pools you have deposited. If you have only ever deposited in SLP, the it's just 1 TX. If you have done in both pools, then it's 2.

[hazy token]

OK, great, so even if I am in each pool with various vesting periods, it would only be 2 tx 👌

(yes, upgrade!)

[cunning perch]

Yeah. We have only 2 pools, so it's min 1 and max 2 times only. Migrating though is different.

[fading bay]

Sorry to bother with another Gas/claim question: anybody has an optimal chart when to begin to claim ILV? I staked SLP, if i claim reward it goes to wich pool the ILV or the SLP ? thank you

[cunning perch]

It goes to ILV. For now claiming SLP rewards have issues.

[quaint raptor]

I'm sorta new to eth and gas. I noticed some transactions are consistently cheaper than others... like actions outside transferring coins. Anyone know where I can read to understand that more?

And to relate it to ILV, will the v2 upgrade be cheaper and the migration be more expensive?

[cunning perch]

Everything regarding V2 is pinned in the channel and the rest here

[woven ibex]

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

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

[quaint raptor]

I've been through those and understand the majority of it but didn't see anything addressing the gas question. Sorry if I missed it.

[cunning perch]

any interaction with smart contracts on ETH mainnet needs gas. But the amount is not fixed and varies by the second

[quaint raptor]

Yeah I understand gas fluctuations but is it incorrect to say some actions are cheaper than others? I forget what it was but there was an approval step for example that was around $20 when transaction events were $80+

[cunning perch]

yeah. transfer, swap, approve are usually cheaper than staking/claiming/LP

[quaint raptor]

There we go, thanks! And will v2 upgrade and migration both fall into that category?

[cunning perch]

yeah ofc. They are smart contracts themselves. **Upgrade **is done max 2 times, but **migration **happens when the tokens are unlocked and as many deposits you've made + claming rewards (2 tx for each deposit) though it's optional if you had upgraded your pools.

[quaint raptor]

Ah okay, so still adds up but a lot better than the higher priced actions. Thanks for the info!

[fading bay]

there is the chance to get back the amount of SLP i staked on another wallet ?

[cunning perch]

If it's locked, it has to be upgraded first (when V2 is out) and then yes, you can move it (when upnlocked) to another wallet all of which cost ETH as gas

be advised that scammers probably know this too.

[fading bay]

so this means the first who upgrade will get money ?

[hot lynx]

This is a problem many hacked wallets sadly face .. without any options presented ...at this stage 😭

[craggy field]

Don't say that you are new to ILV lol you will be swarmed by scammers! Ignore all DMs!!!

[crimson cipher]

Hi i'm new too

maybe the scammers will DM me and I can have them banned xD

[craggy field]

Yea wouldn't be a bad idea to have a bot create new accounts, join the server, bait bots and ban them 😛 #anti-bot Botting

[river ridge]

I'm new, but for real

[brisk surge]

Hey all.
I wanna be sure for staking..
If i lock 1 ilv for 1year i get 2ilv?

[autumn cloak]

No. You get 2x rewards, which right now I think is a 30% return for regular ILV pool

[brisk surge]

Short question. Is it a good idea to wait with putting ilv into the staking pool because of the upcoming change to V2? Because there is gas fees associated with upgrading to v2. noteable: I already have ilv in the staking pool

[autumn cloak]

Depends how much you have. If it is a lot, may be worth doing it now so there is more time for rewards to accrue. Also, keep in mind that if you are already staked in the SLP pool, you'd have to use a different wallet if you wanted to stake now since sILV minting is paused. Personally, I would wait to stake until V2

[brisk surge]

So if i lock 1 lv for 12months after i get about 1.3ilv yes?

[elder dawn]

very likely less than that. the apy isn't fixed and decreases 3% every two weeks and with new people joining

[autumn cloak]

You would get about .3 ILV in rewards plus your initial 1 ILV that you staked. But the APY is always dropping, so realistically it would be less. With the rate it is dropping I think you might only make .1-.2 overall

[brisk surge]

yeah i have like 2 ilv staked in the ILV pool not in the slp pool. And i have another 2 in my metamask. But if i stake now i dont have to pay two times gas fee? because its the same?

[autumn cloak]

I believe so yes. You'd only be claiming rewards from the ILV pool. NFA, but for staking 2 ILV, I'd just wait

[brisk surge]

ok but why wait when i dont have to pay more in gas fee?

[autumn cloak]

Oh I just mean you don't have to pay the double gas like when having to claim rewards from both pools prior to staking. There will be further gas reductions in V2, so it should be cheaper to stake

[brisk surge]

oh ok. I have no intention to get out my ilv. wanna stake a lot more just beginning:)

[brisk surge]

if i dont have to pay gas fees twice everything good:)

[brisk surge]

How much gas fees for stake 2ilv?

[fading bay]

Can someone explaine me what happen when V2 goes live, what I should do? Atm I got only some SLP locked for 1 year

[elder dawn]

see the calculator by Vetemor pinned, and linked here. enter current gwei and eth price and it will let you know. there really isn't a difference by number of ILV #🥩〕staking message

[elder dawn]

check out my pinned article (picture of a steak) - it will let you know different scenarios and how V2 will affect you. In short, if you're locked and just in the SLP, you only need to upgrade, and its a single transaction

[hybrid dock]

hello i need help and some quetions , i have 1 ILV that i would like to Stake but not sure how its works and Its asking me to pay always high fees above 150$ is that normal , can someone help please?

[elder dawn]

Yes, staking fees are high right now. There is an upgrade to staking V2 coming "soon" that should reduce costs, but not clear yet when or how much costs will be reduced. Check out ETH network gas tracker fees to wait for a low priced time to stake. Personally, I have had good luck on Sundays around 8 AM UTC for the low point of the week, but still expect to potentially pay about $100 in ETH. Generally I look for 60 gwei or lower to do my transactions.

[hybrid dock]

Thx man i will try it so when staking ILV U GET IN RETURN Sliv Based on the apy right ?

[elder dawn]

you can choose when you claim whether you get sILV or ILV. Also remember, whenever you claim, that is another transaction with gas fees, so claim strategically and make sure its worth it. Right now, staked for a year, 1 ILV generates around 0.0008 ILV per day

[hybrid dock]

Alright that’s help a bit but can we claim daily?

[rapid kestrel]

Yes you can claim daily but you have to pay eth gas fee everytime you claim. You will want to see if your rewards are worth it.

[elder dawn]

you can claim daily, but you will lose a huge amount of money to gas fees. You'll claim 0.0008 ILV (worth $0.70) but it will cost you $60+ dollars in ETH to do so. Don't do that.

[hybrid dock]

Right i agree so is not really worth to stake only 1 ilv right

[topaz acorn]

I bought 5 a 1400 lol

[hybrid dock]

As im looking to get a land i have only 1 ilv but not enough for tier 3

[hybrid dock]

C bon ca mais mnt c plus bas tu peux en prendre plus ca va remonter c sur

[rapid kestrel]

Right with news of v2 coming out soon, you might want to hodl and wait

[hybrid dock]

Yes i will hold my 1 ILV THEN 😉

[elder dawn]

A couple things here - first, remember ILV isn't a currency for in game use, so if you want to buy land, you'll need either ETH of sILV. Secondly, if you're staking for sILV rewards, right now, I'd predict staked for a year will yield about 0.2 ILV with a lot of potential variability based on how things go. Staking 1 ILV may be fine, but to make it financially viable, be sure to stake at low transaction fees, consider never claiming until you want to withdraw, and consider holding for longer than a year, taking advantage of both yield farming rewards and revenue distribution. If you think you would withdraw sooner, its unlikely your rewards will exceed your fees. Hope that helps.

[hollow arch]

Hello I have a question will this community adopt the Pulse chain? I herd , researched and found to be true we will get copies of our coins on this gas free chain, a fork of Eth ,Will we be battle for Pulse? I have so many questions and curious no one talks about this?

[verbal heron]

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

[verbal heron]

🤦‍♂️ HEX is a scamcoin and Richard Heart is a scammer. Also this belongs in #799010390201466880

[elder dawn]

The goal is for most of Illuvium to run on Immutable X, which should eliminate transaction fees for most of the project. Further staking improvements and land sale still to be determined.

[hollow arch]

Thank you Deraji I understand that , however that is not answering my question..

[verbal heron]

bro you are shilling, please talk in #799010390201466880

[signal wraith]

when will we beabe to pull out our rewards to re-stake 😭

[cunning perch]

Rewards when you claim them and after a year. For now until pools start working, let them pile. Not a bad thing, you can pay good gas for more ILV

[pine grove]

is there a "let it ride" staking option, that after the 1 year auto compounds the silv into staking pool and locks for another year?

[hollow goblet]

Hopefully v2 introduces auto compounding per epoch to avoid gas fees

[pine grove]

or L2

Doesn't seem like any non major coins on Arbitrum on Optimism yet, would be nice if ILV was the breakthrough

[hollow goblet]

Sandbox is on polygon

[elder dawn]

After your lock period is up, you'll continue to earn at the same pool weight, just with the ability to withdraw whenever you like. As of now, all rewards still must be claimed to compound. Only ILV can be staked, and the sILV are never locked or earn rewards.

[hot lynx]

Guys no one can claim anything on the current LP V1 until V2. high gas low gas doesn't matter.
The process creates sILV dust
All flexibility in that regard has been taken away.
It's unfortunate and best you know the correct situation

[brave heath]

Is it if I stake my lLV or Sushi, I need to do vesting for 12 months periods to claim my reward ?

[atomic lagoon]

If you select your rewards as ILV, yes.

[storm wolf]

question. currently we cannot claim our ilv rewards from the staking protocol? when i click on claim it says transaction erro

[coral pike]

#📣〕announcements

[ebon acorn]

I have my money in ethereum on my crypto.com wallet right now and I am waiting for illuvium staking v2. Would you recommend me to buy the LP token right now and wait for staking v2, or should I keep everything in eth and buy the SLP token when staking v2 is released?

[tidal eagle]

So, I was saving up a bunch of rewards to be claimed as sILV, but then the land sale was delayed and now ILV is unclaimable. I definitely did not want to store up this much sILV, am I just screwed now? as far as splitting up what I want to claim.

[sacred cosmos]

You need ILV + ETH to swap it to SLP.

[ebon acorn]

I know

[sacred cosmos]

So why would you not buy ILV tokens when its been cheap lately

[ebon acorn]

Im just wondering if it’s better to hold eth or eth and ilv or if it’s better to hold the slp token

[ebon acorn]

I have ilv too on crypto.com but I will probably sell it and buy it from MetaMask again because it’s to expensive to send ilv to MetaMask.

[sacred cosmos]

Ive done ILV on binance and transferred it to MM. Its a set transfer price. like 0.005 ILV or something.

And its always better to so swap it to SLP right away when ILV price is cheap. The amount of ETH youll need to match your ILV will be higher if the price goes up.

[lunar lintel]

it would be expensive to buy on a dex as well

for me it was .04 ilv to send 1.2 to metamask from crypto.com i think

i cant use binance in ontario, canada but if you can use binance thats your best option for sure

[ebon acorn]

I am holding ilv too. Let me ask the question again😂:
Should I keep ilv and eth until staking v2 is out, or should I swap it into the slp token right now and keep the token until staking v2 is released

[ebon acorn]

It cost me 0,005 ether to send ethereum and 0,04 ilv to send illuvium

So sending illuvium is much more expensive than sending eth

[gusty chasm]

Any timeline for v2 staking live?

[sacred cosmos]

I answered this in my reply. I would swap to SLP already since it'll cost less eth to match the current ilv price vs the ilv price going higher. Remember you match the amount of eth based on the usd value.

[ebon acorn]

That’s right. But if ilv will really increase I would miss the opportunity to gain profit with it, because the token will increase less because of rebalancing

[brisk surge]

just confirming we are still unable to claim rewards from our SLP?

[ebon acorn]

So..., would you guys recommend to HODL eth and ilv until staking v2 and switch it then into the SLP Token or would you recommend to switch it into the SLP token right now

[true coyote]

Just curious did you do the IL math here?

If ILV runs you don't get that full value in your SLP tokens so worth considering holding ILV if you think its going higher

[sacred cosmos]

The amount of ILV tokens you get from staking (especially 12 months) more than covers IL.

[true coyote]

Yes but to stake smaller amount into L1 is not recommended right now so to do it today and wait I think is a bad idea no?

[sudden wagon]

If you think ILV ⬆️ then buy half ILV and wait. If you think ILV ➡️ then buy LP when gas is low and wait. If you think ILV ⬇️ then wait in eth. Nobody is answering you because it requires knowledge of several moving parts that nobody currently knows about, like future prices, gas prices, size of your stack etc.

[pastel knoll]

Don't have access to my metamask at the moment to connect (or maybe I can't until the fix goes out) but what are the current apr / apy?

[sacred cosmos]

I was recommending to change it to SLP already then wait for V2. but I have no idea how much he has to stake tbh.

[tiny void]

Can you stake LP tokens at all right now?

[subtle aspen]

i dont think so

[turbid brook]

Hey guys! Need help and info with staking 🙂 was deciding between ILV or Sushi LP. ILV seems pricey and is locked for 12months regardless after the first 12 months correct? Like ....need to lock for 12months to get 31.49% APR, and then vest it for another 12months before being able to withdraw? However Sushi LP, can lock 12months for 329.91% APR and can be withdrawn anytime after that initial 12 months? don't need to vest it for another 12months??

[crimson cipher]

ILV Core Pool AND Sushi LP Pool can be locked for 12 month to get more rewards that right but every rewards need to be vested.

Fictionnal number for the purpose of demonstration:

• You stake 10 ILV for 12 month on 15/01/2022

• You get rewards (Yield Farming rewards) imagine you get 1 ILV by the 30/01/2022 and you decide to claim that 1 ILV, this reward will be locked for 12 month after you claimed it

• You will also get revenue distribution imagine you get 0.5 ILV by 01/03/2022 from the land sale, this reward is not locked and can be withdrawn at any time

• 10 ILV locked until 15/01/2023 (initial stake)

• 1 ILV locked until 30/01/2023 (claimed yield reward)

• 0.5 unlocked (revenue distribution)

[turbid brook]

Ahhh ok....is it worth staking not 1 full ILV amount? I was thinking Sushi LP cheaper? what tokens and how do i stake in the Sushi LP pool??

[crimson cipher]

also this is the ATH of the ILV token

!lp

[woven ibex]

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

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

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

[crimson cipher]

this is the guide to stake in the SLP pool

you should also check, V2 stacking that is supposed to come out soon

^ Article about stacking V2

[turbid brook]

OK thanks heaps for the info! but i think it lost me at impermanent loss possibly for providing liquidity hahaa

Hmm maybe i'll get partial ILV and stake it.....but not sure if worth it or not

[craggy cliff]

Is impermanent loss an ongoing thing (i.e as prices continually change) or only comes into effect when actually removing your tokens from the pool?

[burnt copper]

In my opinion, it is only worth staking in SLP pool if you have minimum 1 SLP (2 ILV & 0.5 ETH) total value of $3,500. Fees to do all the transaction will be between $300-400.

[burnt copper]

Impermanent loss is an ongoing thing. You only realise the 'loss' (or gain) when you see back the SLP tokens to get the ILV/ETH back on uniswap

sell*

[craggy cliff]

So the loss is realized on selling, however the constant price fluctuations add up over time? (I.e. it's not just based on prices at the time of selling the SLP), correct?

[supple trail]

i added 1 ILV + ETH in SLP pool back when it was about 1k ILV and about 3700 USD for eth. im thinking about adding some more into the SLP pool when V2 launch. Could be profitable on longterm sight right? ILV will be some over 5k worth in a couple years...

[glacial herald]

Hello quick noob question

In order to stake in the sushi LP i need to provide sushi+eth liquidity ? To get LP tokens?

[supple trail]

LP tokens are = ILV / ETH on sushi swap 🙂

[glacial herald]

I did that but it showed me 0 available to stake

[olive relic]

Having been in this market for years this is one of the issues that’s prevented me so far. Let’s say you have $5K budget for this and you stake $2.5K ETH and $2.5K ILV, if the staking contracts get updated and there’s an new pool you end up having to pay about $300 in fees to get out of the old one and again into the new once. Over the course of a few years you could pay $1,000’s in these type of costs and nobody knows what they will be

I’m starting to feel even some staking contracts have this risk because of the ETH fees - If Illuvium is moving to Immutable X eventually isn’t it just better to wait? Or am I misunderstanding something?

This happened to me over on Uniswap and 1Inch and I barely broke even, yet as a trader doing this sort of thing on Binance I made a 2x on similar projects because I wasn’t hampered by insane fees

[olive relic]

This is sound advice, are you with the illuvium team sir? Or just a kind hearted community member, how can we be sure that the contracts we enter won’t be updated into versions that require restaking? Do you know when staking on Immutable X may be possible?

[mighty rover]

Hello. I heard that there's a calculator for staking vs IL in the pinned message, but I'm not sure which one it is. Could anyone let me know about this?

[dusk goblet]

Hi, I haven't been able to claim rewards from the SLP. I just claimed from the ILV pool. When i try I get a red error message "cannot estimate gas, transaction may fail...." and it doesn't go through. Am I the only one?

[cunning perch]

Because SLP has issues that are being fixed. They have written it in every single page on the staking website

[coral pike]

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

[teal echo]

Its been over a week (maybe two) since this message went up, and we can't withdraw SLP (bc of the rewards). no other updates?

[cunning perch]

It's actually because of the sILV halt that causes the reward issue, but no other updates. They are working to merge two things into one (plus auditing through 2 external companies and do 1 internally) and some members having Covid has furthered the delay.

[elder dawn]

I'm just a community member who has been following the project for a number of months. The team has been transparent on updates, and the restaking topic has been debated here extensively. IMX is just hope, but the goal for as much of the project as possible, particularly as gas fees continue to be high.

[woeful pendant]

I have some silv dust in the slp so withdrawing it wont work. Now, if I want to add to my SLP stake, will it try to withdraw the silv first?

Want to know if I can even add to my SLP stake if I have silv dust that's not claimed yet.

[cunning perch]

For now sILV has been halted an SLP reward claim has issues. So you can't do either

[woeful pendant]

ok, so the contract does try to claim silv during the staking trx. Thx

[cunning perch]

In SLP reward claims on V1, yeah.

[maiden wyvern]

can people start new ILV staking ? or do new people need to wait for fixes

[cunning perch]

You can stake in the single pool. SLP has issues. But if you can wait, wait for V2. Will happen soon.

[unkempt zealot]

is it currently possible to remove my ETH/ILV LP from the stake? It's unlocked.

it has pending rewards

[cyan rampart]

I don't believe you can currently, as you have to claim rewards to withdraw a stake, but SLP claims are disabled because of sILV.

[unkempt zealot]

is it worth trying? 👀

[cyan rampart]

I wouldn't waste the gas, if you read back a bit you can find other people with the same issue.

[burnt seal]

Can we still not buy into the Sushi LP yet? Want to get some earn some SILV before the land sale come around.

[covert sage]

Any updates on sILV fix

[coral pike]

any updatewill be in #📣〕announcements if you do not see anything new there has been no update

[cunning perch]

The are putting two updates together, so better to wait and stake directly on V2 if you haven't staked already

[fallow leaf]

Guys I have a question I staked ilv sushipool for 20 weeks locked, do I get my full staking back or will there be funds missing?

[cunning perch]

Already answered in #💰〕token where you asked the same Q

[spice vortex]

Arash when V2 finally does come out will it be announced and flagged so everyone sees it or will it only be brought up in this staking channel. Almost been 2 weeks since I made SLP and really wanting to stake and get in on V2 before land sales but it sounds like the land will come right after the V2 so no sILV will be made. Main thing is a Flagged announcement when V2 comes out so people get dinged and can stake.

[autumn cloak]

It’ll definitely be a big thing posted in #📣〕announcements

[scenic crescent]

If V2 is out they will 100% post in in the announcements channel

[brisk surge]

Dumb question but it’s all good to claim ilv rewards yeah?

[tawny arrow]

Any updates on when we'll be able to claim rewards from sLP pool? It's been a while since I've been able to claim anything there.

[craggy cliff]

after the release of staking V2

[tawny arrow]

Yeah, but any idea or time estimate when that will be?

Also curious, will be any compensation for those of us not able to claim and restake ILV from the sLP pool? We are losing out on restaking profits we would've gotten if we were able to claim and stake in the regular ILV pool

[ebon acorn]

okay thanks

[brisk surge]

So don’t claim ilv either?

[tawny arrow]

Yeah, we can't claim ILV from the sLP pool because of a bug with sILV. It's been like this for a while

[brisk surge]

Thanks

[midnight crow]

Any chance v2 comes in the next 8 days?

[craggy cliff]

maybe

[gentle valley]

<@&821154860816793604> <@&795142782133207063> can we have some announcement on resolving the issue with staking. Not being able to claim for so long is costing in terms of APY from ILV not being able to migrated out of rewards from ILV/ETH to ILV pool and for some that is significant. The cost of gas outside of the weekends also plays into this.

[craggy cliff]

This will be resolved with the launch of staking V2. Watch #📣〕announcements for details

[crimson cipher]

The team is working hard to get those issues resolved as soon as possible but as you can see in the announcements, since they was a exploit in the old contract, they are going through move audit check to make sure something like this doesn't happen again

[pale trellis]

If they give each SLP staker an extra ILV we will be thankful.

[tawny arrow]

I'd settle for an exclusive in game NFT for SLP stakers only 😈

[tulip folio]

Def frustrating. I had just converted a bunch of funds into SLP, enough that it would be netting me $300/day in ILV rewards, but I can't stake it.

But considering team members have COVID I'd rather I lose my $300/day and they get better.

[gentle valley]

Totally get this unfortunate incident and that the team is working around the clock under difficult circumstances. Just really asking for an ETA if possible.

[tulip folio]

Yeah an ETA would be nice.

I could theoretically stake under a different wallet, but then I'd have to claim rewards and pay gas in two places... without knowing how long this will be going on I can't make the judgement of whether I should stake that SLP in another wallet.

[gentle valley]

Yeah don't do that man, understand your circumstance though

[peak finch]

I can claim it up to the point of paying gas fees then I turn back. I don’t have enough to make it worthwhile yet. But are you saying if I select it and pay the gas it still won’t let me claim?

[tulip folio]

are you staking ILV or SLP?

[peak finch]

Why can’t you stake it?

Slp

[tulip folio]

I already have an existing stake of SLP with rewards pending.
I can't add to my stake without claiming rewards.
I can't claim pending rewards because of sILV dust that's part of the process.

[peak finch]

Right…I can’t claim silv rewards but looks like I can claim ilv rewards.

[tulip folio]

It shouldn't even let you get to the point of paying gas unless... maybe if it's your first claim of rewards then there's no sILV dust? I don't know, but it's highly unlikely your claim would actually work.

[peak finch]

Ok when I get enough I can try. But definitely let’s me get to hit “send” in MetaMask and make it happen

[sleek salmon]

sup fam, my locked staking ends in a few days but if I don't claim it will it just continue staking OR automatically go back to my wallet? thanks!

[pale trellis]

Continues to be staked.

[unkempt zealot]

totally. one of my stakes just unlocked today. I planned for unstaking it today.
It sucks don't be able to follow the original plan in a market so volatile.

[gritty canopy]

I staked some in flexible pool and thought it could be flexible with lower APY, but now I can not withdraw flexible pool for days when I need that money, you can’t imagine how this costed me. Would I be compensated in any way?

[tiny void]

You’re being compensated at 300%apy+

When are gas fees the cheapest? Weekend mornings?

[craggy cliff]

weekends.... time depends on your location in the world 😉

[cyan rampart]

Used to be Sunday nights (NA timezones), but it's been all over lately.

[mighty rover]

Hello. I heard that there's a calculator for staking vs IL in the pinned message, but I'm not sure which one it is. Could anyone let me know about this?

[cyan rampart]

This one is decent. #🥩〕staking message

There's lots of fairly simple IL calculators available, I think some of the spreadsheets have IL as well (Lelahel's for ex).

[mighty rover]

Okay thanks! Let me take a look at the one you linked first.

[hot lynx]

Hey @cyan rampart how are you mate 👍🏻

[cyan rampart]

Pretty good sir, and yourself?

[hot lynx]

Good mate long term view same as you 🙏🏻

Omg the other channel wants to be semi side tracked again 🙃

[cyan rampart]

NOPE!

[hot lynx]

Nice 👍🏻 great move to fix the other 🤣 Now back to #🥩〕staking 🤣
It's kind of a laugh and a cry thing

[cyan rampart]

You can't claim SLP rewards right now, as the sILV function is still disabled, and it's necessary to claim SLP rewards.

[vague thistle]

Just realized

[gloomy gazelle]

Actually that’s not accurate. Flexible staking would get half the APY of 12 month locked.

[mighty rover]

Hi I've taken a look at this and this seems to be a calculator if I were to provide liquidity on Sushi, right? If it is, is there a calculator to calculate the amount of ILV we get after 1y of staking vs the IL after 1y if ILV or ETH rises to a certain price?

Is the Lelahel spreadsheet I'm supposed to be looking at?

[cyan rampart]

Yeah, Lelahel's is good, I haven't personally used the others, but there are quite a few pinned that you can use to estimate rewards.

Note that all calculators make some assumptions, so you should be aware of the assumptions made (because no one can predict revenue or increased TVL in the pools accurately).

They do a pretty good job at trying though, using projections.

[mighty rover]

I see. Okay thanks. From a quick glance, seems like IL is very insignificant because the ILV we receive is significantly higher from staking SLP tokens, that is, if ILV continues to have the same or higher value.

[cyan rampart]

Yeah, the intention is that the APY should outweigh the IL you'd experience, but that's not guaranteed for all cases.

[mighty rover]

Mm okay let me check out the sheet first. Thanks for the pointer.

[hot lynx]

Ye and currently please understand you can not claim on Flex SLP due to the lock caused buy sILV dust a few weeks back 😌 this includes locked SLP people wanting to claim sILV
We are jailed due to bad code.
The hack

[coral pike]

Please speak for yourself only . Not all of us who are staked in SLP feel jailed

You do know that Flex is being removed in V2 ?

[coarse terrace]

Is there a reason the flex is being removed?

[gloomy gazelle]

Yes. To prevent frontrunning revdis.

I believe it’s 1 month minimum staking lock

[coarse terrace]

Wow thank you for the quick response!

[gloomy gazelle]

I’ve been lurking. 😂

[brisk surge]

Oof, I just realized I can't claim. Been afk a bit too long gotta read up

[gloomy gazelle]

Yeah. We’ve pinned the basics in here. V2 staking will bring us to where everything should be.

[mighty rover]

What is the form of rewards obtained from staking SLP? Will the rewards be 300% APY frok my staked SLP in $ value in the form of ILV?

When we claim rewards, it will be restaked for another 1 year, is that right? Does this restaked reward have the same APY as the originally staked token?

[gloomy gazelle]

Rewards are ILV (or sILV) and it gets staked in the ILV only pool for the 12 month vesting period. Then it unlocks and you can do what you want with it. (Leave it staked or withdraw)

[woven ibex]

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

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

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

[gloomy gazelle]

The apy is based on usd value of your SLP tokens. Not just the ILV portion.

[mighty rover]

Oh I see got it. But the reward will be in the form of ILV that will be staked as well, but with the ILV-only pool's APY (30%ish)?

[gloomy gazelle]

Yes

[mighty rover]

Okay thanks.

[stark jetty]

I just added liquidity to the sushi pool 2 days ago and now I can't see anything in the pool. Could this have been hacked?

[cunning perch]

Did you get SLP and stake it on ILV website? 👇

[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]

Watch out for DMs they are scams

[stark jetty]

@cunning perch Thanks, they are comin at me. I added SLP contract to my wallet, everything looked right. I could look at my liquidity but it is completely gone now - and now the wallet I used shows no ILV token and no SLP tokens, like those addresses were never even added to the wallet, but I can see the transactions on etherscan, however there is one transaction that pulled the remaining ETH out of my wallet that I didn't authorize, so I'm not sure what happened

[gloomy gazelle]

That sounds bad. Like someone has your keys.

But I could check the transaction. Can you think of what that transaction might be? Like an old one that got posted late?

[stark jetty]

@brisk surge yeah, is it ok to post the transaction # here?

[gloomy gazelle]

It really is since it’s just public chain data. But if you want you can DM it to me. Keep it private. But I won’t DM you first.

It may look like me. But it’s not.

Ok got it.

So that was you providing liquidity. But a few transfers have happened since then.

Sorry for the bad news.

[gloomy gazelle]

Wait was this user in your DMs? Seems sketchy to me.

[hot lynx]

If you did the staking to a fake site they can also take your cryto.
Need to make sure 100% it's the correct Illuvium staking site 👍🏻

https://staking.illuvium.io/rewards

[small island]

some times the Sushi UI does not show LP positions even if they exist

Do a hard refresh / clear the browser cache, then go to the page below, liquidity tab, and add ILV underneath ETH
the UI should then show your position, if it is still there

[tame summit]

I want to ask if i stake the sushi lp in the core pool on 1/1/2022and it generates the rewards
I claim the ilv return once on 1/7/2022
On 1/1/2023 I can get back the sushi lp and 1/7/2023 can get back thr claim of the ilv
But can I get the rewards between 1/7/2022-31/12/2022
If yes when can i get it
🙏🏻 thanks

[small island]

@stark jetty alternatively you can use zapper.fi, connect your wallet and check if it shows your LP position

[gloomy gazelle]

Unfortunately that’s not the issue. That wallet has been wiped.

[small island]

zapper is a good tool for inspecting your wallet assets, including LP. They also support Illuvium staking so that it should show up

[gloomy gazelle]

But for next time zapper is nice.

[gloomy gazelle]

Taking the rewards as sILV is the option. And it will be available to do that once v2 staking launches. Check the pins in here.

[long canopy]

Hey guys is there something wrong with the rewards? I want to claim ilv but ilv pool is showing zero it definitely should be more than this.

[brisk surge]

Is Illuvium.com scam?

[fresh grail]

Yep

Correct site is .io not .com

[hot lynx]

⏫

[plain nest]

Can we claim Ilv atm or not? cannot estimate gas; transaction may fail or may require manual gas limit (error={"code":-32603,"message":"execution reverted: insufficient privileges

[tiny void]

How many ILV are generated per month for one SLP token?

[cyan rampart]

APY (12 month lock): 330%, SLP Value = $3500, ILV value = $850.

Yearly Rewards = $3500*3.3 = $11550
Monthly Rewards = $962.5 = 1.13 ILV per month, at current prices. This ALL changes when prices change or there's more investment in the pool.

[fresh grail]

Yes and do it quickly

[brisk surge]

Thanks

[graceful walrus]

if i for exaple stake in the flex ILV pool, if i withdraw the ILV i staked in, are there gas fees for that aswell or only for the rewards i would claim?

[hot lynx]

You will be locked for SLP claims on V1 until V2

[limpid current]

During the 12 months locking period can I swap my rewards to SLP?

[unique vine]

Hello guys is stake V2 out...?

[quick dirge]

nope

[split dove]

Hi , im new in Iluvium , i saw stacking has issues. If i stack ilv now , will the system memorize my rewards until the v2 or is it better to wait the v2 launch?

[atomic lagoon]

unless you are staking like $10,000 worth or above, I would recommend to wait for V2. NFA.
also don't trust any DMs!

[mellow hull]

Trying to claim ILV from the SLP

[timber sequoia]

normal

[mellow hull]

It won't let me do a claim

Is it because of the sILV exploit? I thought we could still claim ILV.

[split dove]

thanks i trust only people in this Discord 🙂

[atomic lagoon]

check pelican22 | Illuvimod message in pinned.

[mellow hull]

That answers my question. Sorry for the confusion.

[dull wraith]

Confirm we can still stake in the ILV pool?

[wraith charm]

Gm

[weak latch]

When V2 is gonna come out, will I be able to claim ILV to stake SLP right away? Or will i have to wait the whole year to re-stake?

[craggy cliff]

you will migrate your existing stakes over to V2 so they will keep their same staking time. It basically gives staking V2 the permission to read and process your V1 stakes

Staking and claiming for SLP will be reinstated upon V2 staking launch

[weak latch]

No what I mean is: when you claim ILV instead of SIlv you have to wait 1 year to "claim" it, instead of claiming it, will i be able to re stake right away?

[craggy cliff]

ah I understand. When you claim as ILV it is auto-staked for 1 year in the normal ILV pool

[rancid plover]

@dull wraith It looks like the answer is no. Look at 2 posts above yours and read the pinned message by pelican22.

[charred anchor]

any word on when the ability to claim ILV will be restored?

[craggy cliff]

as soon as V2 staking launches

[charred anchor]

oh damn, i thought they would try to fix it before

[craggy cliff]

will hopefully go live in the next few weeks

[charred anchor]

thanks for the info 🙂

[weak latch]

Perfect, thank you

[craggy cliff]

sure thing

[void galleon]

Is it possible to stake in the SLP pool right now? I have both ILV and ETH but have not yet combined them for liquidity or staked them yet

Sorry, the Sushi LP pool

[tulip folio]

You can trade your ETH and ILV for SLP tokens, but can't stake the SLP tokens.

unless you haven't staked any SLP before, you can start staking only, but adding more SLP to an existing stake requires you to claim, and you can't claim because of sILV dust

[winged sandal]

can I start staking right now or should I wait until the new sILV is out

[dull wraith]

Only talks about the SLP pool not the regular ILV pool.

[rancid plover]

@dull wraith Yes, but since you can claim sILV in the ILV pool, I believe what he is saying applies to the ILV pool as well. Would this be correct @gloomy gazelle ?

[lyric oxide]

I have a friend that wanted to stake some in slp for the first time and he is telling me he is unable...based on your post he should be able to tho yes?

[craggy cliff]

slp staking / claiming is disabled until V2 staking

[lyric oxide]

Copy, thats what I was understanding. Told him it could be up in the next few weeks. Hopefully before end of month

[south comet]

people waiting to buy ilv until V2 ?

[final steppe]

Waiting to buy? I would say not.... people can currently buy ILV without issue. Many may be waiting to buy just because they are waiting for certain prices.

However many are waiting to stake ILV until V2 👍

[south comet]

got confused lol, some reason I confused V2 with a tokenswap, thanks for clearing it up

[final steppe]

Hey, no prob! Let us know if you have anymore questions 🙂

[quaint raptor]

Pretty sure what he's asking is fine, right? For a first time staker there are no dust problems, you can stake but not claim.

[craggy cliff]

Ah, not sure about any differences for first time staker. You could be right. Maybe someone else could chime in.

[umbral crane]

cant claim rewards anymore?

hmm jus backread damn

[final steppe]

Hey Cash-- yeah, you should be clear to stake for the first time... however, depending on how much you're trying to stake, it may be worth it to wait for the V2 contract to be live.

Gas fees aren't the cheapest thing... Keep in mind as you will need to pay gas fees for your transactions now to stake PLUS you'll need to pay gas fees again when it comes time to upgrade to the V2 protocol.

Just some things to think about.

[harsh hazel]

Hi folks, why are some addresses able to claim rewards, even though this is disabled?
Looking at https://etherscan.io/txs?a=0x8B4d8443a0229349A9892D4F7CbE89eF5f843F72, some of the transactions are successful, while others fail.
e.g. successful: https://etherscan.io/tx/0xf258a1c18ccab3f507b168d104df5b2a6d6dbbf4fd58dd6adcb8bc9a87ce0e1c
not successful: https://etherscan.io/tx/0x90545fac337af27358b2d4c3091c86c748d968894b24f3afefec1c77d050077d

I'm keen to understand how/why the contracts work.

[quaint raptor]

Yep that makes sense. I've been waiting anyway (new wallet) but I started waiting 2 weeks ago so I sorta wish I didn't now lol. Hoping v2 comes soon b cause each day is more regret. 😅

[final steppe]

Ahh, I feel ya! I mean, it's up to you. The sooner you stake, the sooner the rewards start to accumulate, right? 🙂 Again, just try to calculate how much you might accumulate in the next few weeks... if you feel it's a substantial amount, then you're free to stake! (I'm just speculating V2 might be implemented within the next 2-4 weeks but what do I know?! Best to wait for an official update from the team via #📣〕announcements )

It's hard to gauge what the cost to upgrade from V1 to V2 will cost gas-wise since I'm not sure how complicated the smart contract is. So if you don't want to live with all of this regret, you can stake now, of course. Just be weary of the upcoming gas fees you'll need to pay to upgrade to V2.

If the fees are less than the amount of rewards you've accumulated between now and then, you come out on top! If the fees cost more than the rewards you've accumulated, you might be back to having a feeling of regret. It's hard to know but....

The choice is yours

[wide star]

Are unclaimed ILV considered as being staked?

[final steppe]

Hey Revann! Unclaimed ILV are not present in a staking pool, no.

The ILV rewards would need to be claimed to begin their 12 month vesting period... and they'll be staked in the ILV core pool for those 12 months.

[wide star]

ok thanks

[gloomy gazelle]

It has to do with the size of the stakes and the users ability to get the two transactions to process quickly back to back. If there is not ILV earned in the time between the two transactions then there is no need to mint silv to clear newly earned pending rewards .

[gloomy gazelle]

@dull wraith
Oh I see. Nothing is changed except sILV claims. Which also affects most SLP transactions.
I didn’t mention sILV claims being turned off since that had been shared in #📣〕announcements previously. But I can update. ILV pool is good to go.

[dull wraith]

Tracking ILV pool is good to go! Thanks

[rancid plover]

@gloomy gazelle Thank you for correcting my assumption. 🍻

[quick swan]

Hello, Kinda new to the crypto scene and i'm interested in staking in the pools. Is it too late to invest or should I?

[craggy cliff]

It's never too late to invest in solid projects. The game hasn't even launched yet so in many ways you're still early.

[lyric oxide]

Afternoon. I'm trying to stake for the first time for the sushi pool. I understood that I should be able to but the wallet won't connect

Any advise

[gloomy gazelle]

Beware or people DMing you. It’s safest to assume all DMs are scams. Some impersonate mods. Others claim to be support. Others try and get you to “save” gas by using a new celo wallet. None of that is legitimate.

[gloomy gazelle]

Beware or people DMing you. It’s safest to assume all DMs are scams. Some impersonate mods. Others claim to be support. Others try and get you to “save” gas by using a new celo wallet. None of that is legitimate.

[gloomy gazelle]

Metamask wallet usually works well. Often clearing cache and restarting browser can help get the connection to work.

[lyric oxide]

Someone did infact. I just laughed. Silly scammers

I was able to connect. However having a tough time with the sushi swap LP transaction

[gloomy gazelle]

Reading pins may be helpful. There’s a lot of reasons to wait until v2 staking launches to make your deposits. But it is possible to stake now. But be sure that it’s going to be worth the extra gas fees.

This about LP process 👇

[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]

Check pins in #🚨❗〕report-scammers to help get rid of scammers in this channel.

[mighty hamlet]

To migrate, can we swap and change it to another wallet immediately? Would it require any gas fees for the migration?

[cunning perch]

Migration is to keep the weight. To swap you need to withdraw which results in token weight loss. Either way your tokens are unlocked by then and you can decide what you wanna do

[gritty canopy]

when is the V2?

[cunning perch]

Can be in a week to a month. No date yet

[still kindle]

How does the community feel about a back dated timestamp for rewards to be collected in V2 ? Even if spread over the 4-6 weeks that rewards cant be claimed or give user choice on what date to use ? I am also worried about a fair size cliff edge 12 months after V2 go lives if all rewards vest on that day and are locked for a year

[gritty canopy]

I even cannot withdraw my flexible pool...

which I staked for "flexible"

[atomic lagoon]

personally I do not mind. I have about 10 ILV to claim but I can wait if this means something better for the future. Don't worry about a tree when you are going for a forest 🙂

[cunning perch]

Whatever SLP in whichever pool is staked can not be withdraw due to sILV claim

[gritty canopy]

I know thats why I am saying its not fair to flexible pool holder, its not the agreed contract terms now while when I staked for elxible. I have both fixed and flexible staking...

[cunning perch]

You might not be able to withdraw it, but you are getting rewards for it. It's not like it's sitting idle and make losses 🙂 but I hope it is fixed so you can withdraw.

[gritty canopy]

not trying to not understanding, just hope the management acknowledge this and give us some satisfying solutions soon

[rain crest]

So long story short - no claiming rewards in ILV at the current moment? Just want to double check before I try anything. 🙂

[still kindle]

https://tenor.com/view/success-100-great-gif-16111463

Step away from the screen - dont press any buttons.... 🤣

[rain crest]

👌

[brisk surge]

No ETA on V2 where withdraw is possible? Seeing how sensitive this is and the risk of a significant price drop as no one have been able to withdraw for a extended period, I would appreciate if you gave more frequent updates on the V2-process with a firm timeline

[trim latch]

Guys I cant withdraw from the LP atm....always Shows some error due to Gas....any ideas?

[carmine badger]

Hello there! whenever I try staking my LP in illuvium, it says cannot estimate gas, transation may fail

[cunning perch]

explained it here #❓❗〕community-help message

[hot lynx]

I feel your locked pain going into week 3 🥺 could have been days .. looks like months Jan Feb

[hot lynx]

Best wait to V2 so you don't get any V1 effects 👍🏻
V2 should have good code and be battle tested 🙏🏻

[meager jungle]

Guys can I stake using two different wallets (like a MM wallet and a Coinbase wallet), or one person can only stake with one wallet?

[fading bay]

I got some stake locked: there is a chance to gain rewards to a different wallet from the original where the stakes came from?

[quick swan]

When does v2 come out?

[cunning perch]

You can stake with 200 wallets. They will have their own address. No worries. But can't compound in one if that's what you are asking

[cunning perch]

The possibility to claim rewards to a different wallet has not been confirmed yet.

[cunning perch]

Weeks to a month

[quick swan]

Cant I just migrate what I staked in v1 to v2?

[fading bay]

Ty

[fading bay]

Would it be possible to DM a mod directly ( I dm you so pretty sure not a scam )

[meager jungle]

Cheers

[cunning perch]

You can DM mods ofc (the ones with their DMs open). I will try to keep to public channels as scammers are using my name already to scam ppl.

[fading bay]

Got scammed with your name unfortunately

[lean edge]

is it still ok to claim ILV from sushi LP?

[cunning perch]

Sorry to hear that. That's one reason I have my DMs closed and will answer everything in public channels

[cunning perch]

No. Has issues atm

[hollow spade]

Hi, is it possible to cancel a transaction that dont get throw? I set amount for Gas fee that ETH never reach so the transacion just locked the gas fee amount and i cant use it.

[harsh hazel]

You can send a zero value tx to yourself using the same nonce as the pending tx. Make sure it has higher gas than the pending one.

[outer mauve]

good morning guys! I wanted to ask if I claim my rewards While they are vesting they compound your rewards. tat means that they will go automatically to my SLP that is staked and I will keep recieving rewards?

[cunning perch]

They will compound in ILV pool. Check vesting tab in the website

[outer mauve]

but on my ILV pool? I am on the vesting tab but I dont understant the compound, it autocompounds on my staked or it just sits there for 12 months

[outer mauve]

You have a lot of scammers using your name, I just reported 4

[cunning perch]

Yeah in you ILV pool. U see “rewards” and weight “2”

[cunning perch]

They are relentless and not humans.

[outer mauve]

so claiming its beneficial when fees are low, but for now is better to wait for V2 and for the team to fix the SLP pool

[cunning perch]

Yep. 🙂

[hot lynx]

Yes V1 sets of sILV dust and locks

[hot lynx]

Hey mate how are you ✌️
Looking at the #📣〕announcements message
Just now V2 maybe be up to 3 months away 👀

[cunning perch]

Hey. It will be way sooner. 🙂

[ebon acorn]

@cunning perch I’ve spoke to someone in my dms and this person had your name and profile. I assume it’s a scam. It was 2 days ago and I thought it was you until I read that there are scammers here using mod names, so I checked and he isn’t you. What should I do now? Can you dm me and I’ll send you a screenshot of his profile?

[cunning perch]

Send his Full Numeric ID in #🚨❗〕report-scammers

[ebon acorn]

Okay

[hot lynx]

Who knows 😏

[eternal lagoon]

hi. why some addresses are successfully unstaking ETH/ILV LP and claiming rewards?
this address for example just successfully unstaked some SLP and rewards from the pool . this contradicts the official info
https://etherscan.io/address/0xe72daeac569e8b997cbbbe1f6a0c5a7b9fbbb420

[cunning perch]

Smaller stakes have a higher chance to withdraw or stake without generating sILV dust. It's a shot. Might not go through always

[ionic heron]

Can I shift my stake from MM wallet to MM-ledger wallet once v2 is out ?

[cunning perch]

Not unless your tokens are unlocked

[ionic heron]

how about in situation where wallet security is compromised?

[cunning perch]

If your wallet is compromised, there is very little anyone can do to save your funds

[hot lynx]

Best put it in the #814313819185741845 channel as it's a good idea that has effected a number of people

[harsh hazel]

Would be awesome if the upgrade to V2 allowed you to send it to another address.

[cunning perch]

Locked tokens can't be touched with or without V2. This is a fact and confirmed

[rich swan]

How do we get our money out of this project as fast as possible?

[quick swan]

Sorry but what's the point of the V2 pool, how is it any better than V1?

[rich swan]

Hopefully not hack able

[cunning perch]

Gas-efficiency, RevDis, better claiming options, possibility of wallet change through Migration and security.

[craggy cliff]

V2 STAKING will have lower gas fees and more secure contract

[halcyon knot]

whats this pool that is counting down says only 13 days left until farming ends

i was on the page looking at it but now i can not get back to it dose anyone have a link

[craggy cliff]

Illuvium (dot) io > staking. maybe a flash pool you're talking about, so it's limited time

[halcyon knot]

ya i keep going there but not the right page dont see the option for bnb

[brisk surge]

anyone know where we are now on the ILV rewards distribution chart?

[cunning perch]

ILV and BNB have nothing to do with one anothjer. BNB is offered by scammers

[eternal lagoon]

other address seems to be unstaking their LP without claiming any rewards. Example:
https://etherscan.io/address/0x6ab4b5384bc6b06c4e9e88832b5929232ef73cdc
how??? are they interacting directly with the contract without using the UI on the website?

[crimson cipher]

This is a scam

!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.

[vital kayak]

@sacred cosmos just shared an updated scam alert sheet 🌟

[cunning perch]

I answered you here (also they seem to have processed their rewards (claimed) #🥩〕staking message

[eternal lagoon]

they claimed? i got confused 'cuz there is no "process reward" tx in the log, only a Unstake tx.

[cunning perch]

This one has 2 “process rewards” I told you if it's small there is a chance it will succeed. The amount they withdrew was less than 1 ETH. That's tiny

[queen grove]

Can we please get a petition together to keep them from calling it sILV v2

Why not call it sILVer and right 2 horrible wrongs at the same time.

[craggy cliff]

stated in the medium article they already said sILV V2 is a temporary name

[neat sail]

I cant see an UNSTAKE after staking my SushiLP what am I missing?

[cyan rampart]

It shows up in the "Vesting" tab, but unstaking SLP is not possible right now, because unstaking uses the sILV function, which is disabled right now, and will be until Staking V2 is live.

[neat sail]

ok how long are we talking? Just wondering...

[cyan rampart]

ASAP, but there hasn't been a definite timeline. The contracts are going through audits right now AFAIK.

[hard gust]

Hi

[neat sail]

ok thanks. Are all my rewards truly locked for 12 months even though I do not lock the stake?

[cyan rampart]

ILV rewards are locked for 12 months, yes. When sILV claims are back online, sILV is not locked.

[neat sail]

awesome thanks! U have been great help! When V2 staking is live do I need to do anything or my current stake will automatically be V2?

[cyan rampart]

Check this message out (it's pinned as well) #🥩〕staking message

[fading canopy]

Can someone link decent video with SUSHI staking threats or mistakes explained ?
SOLVED, sorry asked to quickly.

[shadow tartan]

is there a way to check if your sILV transaction is reimbursable?

[brisk surge]

Have you read the latest medium article? https://medium.com/illuvium/update-on-silv-exploit-and-discord-security-incident-71de1c96df6

[shadow tartan]

yea, but just browsed thru it really quick

[gusty falcon]

I just staked my ILV. The "Claim sILV" is darkened. Once the sILV v2 is online, will I be able to get sILV v2 rewards? I'd like to claim my reward as an sILV so that I have a currency to use once the game is released.

[autumn cloak]

Should be able to do that yes

[solid tiger]

There is no bnb staking. Sounds like you got scammed. Maybe you we're on Illuvium dot com and not on Illuvium dot io

[burnt cedar]

After reading the update on sILV exploit, it's still not clear for me if I have anything to do if I staked ILV and ILV-ETH LP token (from sushi swap).
Will I still have my sILV rewards after the release of sILV v2?

[thick nexus]

i have a Question , right now i have silv before the snap shot and right now i planning to do staking on sushiLP pool , will there be any error if i do that now?>

[autumn cloak]

You don't need to do anything. Any sILV you had as long as you had it before the hack will be automatically replaced with sILV V2

[burnt cedar]

even the unclaimed sILV?

[autumn cloak]

If you decide to claim rewards as sILV once that opens up again, it will just be claimed as sILV V2. Simple as that

[burnt cedar]

ok thank you very much for the explanation 🙂

[glass urchin]

When the staking V2 comes out, do you have to automatically re-stake or can you actually choose not to stake (if your ilv is currently in say the 12 month lock up on staking V1)

[lone pine]

Hi guys, might be a dumb question... But I´ve staked a bit of illuvium in the core pool, and to begin with it did gain yield.. bit it haven´t gained anything for a while. Is it simply just because that there arent that many buying in at the moment and therefore the main pool haven´t increased in value? - I read somewhere that it is because i haven´t claimed my ILV yet, and it will only gain yield for a certain amount... Somone who can help?

[cyan rampart]

It should still be generating yield, it's possible the APY just dropped to a point where you're not seeing increases as often. Staked ILV should always generate yield.

[lone pine]

ty for the quick reply, I was just wondering

[cursive cargo]

hi the faq led me here and i‘m wondering if there is a guide i can read up on what staking is: risk, drawbacks, expected roi the differences between the pools and such any help is welcomed👍🏻

[fresh grail]

There is a fair bit of information in the pinned section. Deraji has his own Publishox, which has a lot of articles in relation to staking. Keep in mind some info might be out of date now that SILV V2 is coming out

https://www.publish0x.com/@Deraji

[sacred sable]

Can we withdraw our SLP tokens if they have been unlocked on Illuvium staking website ...

[craggy cliff]

not until staking V2

[sacred sable]

Damn, so everything is frozen?

I'm not new to Illuvium btw, been pretty up to date, just thought it meant that you couldn't take your rewards as sILV.. didn't realize that sushi is completely frozen too.. 😳

[cyan rampart]

To be specific - You can't withdraw SLP strictly because you can't claim rewards. You can't claim rewards for stakes in the SLP pool because it uses the sILV function, even if you're only claiming ILV.

It's a compound problem xD

A relies on B, B relies on C, C is disabled, therefore A is disabled.

[sacred sable]

Makes sense. Appreciate the thorough explanation

[hidden pebble]

Hi guys, I have locked my staking 1 month ago and it has already passed. Do I need to withdraw and re-stake again in order to earn rewards or I can still earn ILV with the current stake (but i guess staking with be on flexible apy?).

[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

[midnight crow]

You can keep it going with the rate you locked it at.

[hidden pebble]

Thanks, so I can still earn ILV with the locked rate even the lockup period is over.

[quaint nymph]

Hi - when I try to Claim ILV from Sushi LP pool and ILV pool to vest, I am getting an error saying - "Cannot estimate gas.... insufficient privileges... UNPREDICTABLE_GAS_LIMIT.. "etc

is the claiming ILV rewards from the pools put on hold or something?

[brisk surge]

Yes did you read the annoucements?

[quaint nymph]

I did, i thought only sILV claiming was put on hold. Is the ILV claiming also put on hold then?

Should I just wait for the hold to be removed?

[weak notch]

i really want to claim my ILV rewards....

[gloomy gazelle]

Any DMs about using a celo wallet to make it work are a scam.

[midnight crow]

Yes. If you want to lock it for longer and get a higher rate, you will have to restake.

[brisk surge]

Do we have an estimate date of the V2?

[hot lynx]

Up to 3 months #📣〕announcements message

[hot lynx]

Don't we all brother we are locked 🔐 and being unfortunately punished for bad code... week 3 stay 🙏🏻 we love those that kill us the most sometimes 🙏🏻

[hot lynx]

Yes why did they lump them together
If they have different timelines

[pliant whale]

I didn't just read the post. Probably V2 first on the list.

[hot lynx]

Everything in SLP creates sILV dust and that locks us all up
Flex or sILV claims or SLP claims ... All off the table my friend 🙏🏻 up to 3 months V2 announcement as per DS

[stoic ridge]

i was originally going to wait for sILV, but figure it may still be a few months so decided to compound into ILV.. but i cant claim my rewards (looking to just get ILV, claiming from my ILV/WETH and ILV pools).. help?

[stoic ridge]

ah ok so i cant claim even ILV rewards in meantime?

[cunning perch]

ILV claims result in claiming sILV dust. sILV is halted. So, TX fails

If you haven't touched it after the nuke, you'll get it.

[stoic ridge]

ok, i havent

hi Arash, added u as a friend if needed

[stoic ridge]

@cunning perch can you ban this scumbag? was dm'ing me trying to get me to basically fk up.. can send further ss's if necessary but fk him

pretty good opener by him 2: [10:19 AM] Arash | IIIuvimod: Hey kazuya
[10:21 AM] Arash | IIIuvimod: You can delete your last comment. Scammers can prey on our conversations
[10:21 AM] Arash | IIIuvimod: If you have any further query feel free to Dm me

[cunning perch]

Can you send his full ID?

[cunning perch]

You didn't add me. Make sure you send a request to me not scammers.

[hot lynx]

⏬

[hot lynx]

#📣〕announcements message
Take care 🙏🏻

[stoic ridge]

i already blocked and deleted, sorry i guess i cant give full ID now.. but yeah he just dms whoever asks any q's here

[raven nacelle]

Is it impossible for me to withdraw my staked SLP from the pool atm? They were locked up for 4 months but are now unlocked.

[unkempt zealot]

i had the same question. Some people are getting to withdraw small deposits, some don't have the same luck. you can try using the illuvium.io UI, but there is no guarantees and you may just waste gas

[raven nacelle]

It just tells me that it can't estimate the gas fee and I'm not even allowed to try 😔

[unkempt zealot]

yes, i had the same problem. ROLE_TOKEN_CREATOR needed

i even tried writing directly on the contract via etherscan, but MM says the transaction is expected to fail and so i didn't submitted the transaction

however if you look on the contract on etherscan, some ppl are getting to withdraw

I don't know if they are doing something different

[raven nacelle]

Ty for the answer, let's hope we get some fix on this :) I'll let you know if I get it working!

[gleaming brook]

When will the staking issue be corrected? I can't claim the SLP pool currently. Thanks

[unkempt zealot]

no ETA yet. however yesterday kieran mentioned 3 months for land sale, staking v2 and illuvidex

really painful to not be able to manage our positions in the bearish market conditions we are.

[craggy cliff]

where did he mention this?

[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.

[gleaming brook]

Thanks. I just want to claim the rewards and continue staking. Will wait then

[mighty rover]

Hello. I tried using Lelahel's sheet to project staking rewards. However, when I changed the amount staked on the Summary sheet, the daily rolling and graph on the first and second sheets don't change. Could anyone help me with this?

[steady trellis]

Can you checked the “advanced calculation” sheet, is updating the daily values in the yellow column solving your issue ?

[unkempt zealot]

last announcement. not a ETA, just mentioned en passant

[craggy cliff]

ah ok, I've read all that thanks. Thought your comment was about new info that those things were not coming until 3 months later.

[warm knoll]

Still 8.3 the last version? Btw when you put a starting date recent it show more reward at the end of the process than if you put a older date (with same configuration, just switching starting date). Should be the opposite no?

[mighty rover]

Okay let me check later. Thanks for the pointer.

[fading bay]

Unfortunately, writing this message today is useless, i got scammed 4 days ago this way 😦

sorry, useless to me, very useful to others

[celest yacht]

Quick question...are you guys able to claim rewards for Slp pools?

[crystal plover]

No. It’s deactivated due to the sILV debacle

[eternal lagoon]

some ppl seems to be able to process ILV rewards (not sILV). either you try it at your own risk (may waste gas) or just wait for v2.

[tight hazel]

I'm glad the team is spending time to make v2 bulletproof, can't wait for it to be ready though! Anyone think we'll have it by end of Jan?

[celest yacht]

I got the error while ttying to claim..im gonna wait

[craggy cliff]

jan/feb. no date yet

[tight hazel]

I have so many ILV to claim, bummed it's not compounding but oh well

[raven nacelle]

So even if we want to remove our position in the Liquidity Pool on Sushi, we are not allowed to because Illuvium is holding those tokens hostage atm?

[tight hazel]

If it's staked then yeah, I believe so

[raven nacelle]

Ye since we can't claim the staked rewards, which I fully understand. Don't see why they want to hold the SLP tokens hostage though?

[tight hazel]

I think it's written into the smart contract so there's not much they can do, but I haven't looked too closely at it

The message on the staking dashboard, "A fix will be deployed as soon as possible." Is kind of misleading if the "fix" is releasing v2

[brisk surge]

Illuvium isnt holding your tokens hostage, they just have paused the minting of sILV. So if you can find a way to claim without minting sILV then you can withdraw.

[brisk surge]

Lol i get your defensive spirit scoot.. when silv minting was first suspended, we could all unstake our slp . Then somedays later it was gathered we can’t anymore because of silv dust.. I want to claim Ilv NOT some silv Dust. This was not disclosed till after slp withdrawal is suspended. We didn’t sign up for this ‼️ so literally they are holding our slp hostage

[craggy cliff]

hostage
hŏs′tĭj
noun

1. A person (or thing) held by one party in a conflict as security that specified terms will be met by the opposing party.
2. One that serves as security against an implied threat.
3. One that is manipulated by the demands of another.

Not correct usage. Your funds are not hostage as Illuvium is not requiring anything of you to get your funds back. Actually the opposite, they are working their a** off to make it happen ASAP. Many of us, including myself are affected by this. However every action from the team is to make things right so we're not stressed about it.

[brisk surge]

The problem is that the contract interaction to claim the SLP pool can sometimes generate sILV dust. I assume you staked on Illuviums staking contract so by approving the staking transaction this is EXACTLY what you signed up for. You just didnt understand.

[brisk surge]

It was actually a misused word. But you get the point with your last statement

[craggy cliff]

I hear you and understand your frustration. However, that frustration should be directed at the hack(er), not the team that is doing their best to rectify the situation. We're all in it together my friend.

[brisk surge]

So you say sometimes ( so some people can actually withdraw their slp?… @craggy cliff I wasn’t directing i was just trying to let @brisk surge know that @raven nacelle wasn’t all wrong about that statement… yes there was an hack. But whose fault ?

[brisk surge]

Yes, you can go look at etherscan and see that people are withdrawing from the contract. Im not sure how, I saw somebody mention using gas high enough to complete both transactions at the exact same time so there is no time for sILV dust to build up.

I havn't tried it myself since I dont really have a problem waiting another week or two for them to roll out the V2 contracts.

[brisk surge]

Well that was me earlier, it was aaron that provided that explanation. I was all mad when i saw someone unstaked about 90slp from the pool. I suspected a foul and decided to air it.. and I have searched the whole web but not seen a solution or how to go about it

[brisk surge]

Commenting on the last part. V2 v2 v2 … Bro i have been here since November. And since then all i hear mod say is v2 will be out in 2 or 3 weeks time. Some even said late December, then shifted to early January. We are on the 18th‼️….i rather they don’t talk at all about the 1 or 2 weeks and keep saying no date yet than making us think it’ll be out in 1-2 weeks…. Personally i had a bet that v2 will be in MARCH. Goodnight bro

[brisk surge]

Well the contract is immutable so the team doesnt have any control, If someone else is doing it, you can too. It probably requires a bit of blockchain knowledge though.

Regardless, nobody wants claims and withdraws to be having problems. The issue is with a contract so until the new ones get deployed we are just gonna have to suck it up. But it isnt somehow that Illuvium is preventing you from withdrawing, its the contract.

[brisk surge]

I mean you could go read the #📣〕announcements channel that pretty clearly explains why there have been delays. But yeah you can just continue throwing a fit as well, Its up to you.

[brisk surge]

Okay Bro. Thank you and Kudos to the illuvium team. They are superb…. Anyone following the conversation should know it’s just a matter of concern about one’s hard earned funds. No hate for whoever. I BELIEVE IN ILLUVIUM. I STAN ILLUVIUM ‼️…we will BE THE BEST. Thank you @brisk surge

[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.

[hot lynx]

It's understandable flexibility and freedom has been removed from SLP and sILV claims and unstaking.
Stakers are getting pain for bad code.

Take care mate

[tawny arrow]

I'm not angry at the ILV team or anyone, but I am curious if there is any discussion on compensating SLP stakers for this? We are losing out on money by not being able to claim and restake, also any claims we eventually make will be locked in longer.

I'd suggest a cool ingame NFT as a reward for SLP stakers. I think that'd be a relatively inexpensive gesture that'd go a long way in making people feel better about this.

[brisk surge]

Kieran did mention something about an NFT reward for everyone who was effected by the sILV issues. I know one of the added functions of the V2 staking contracts is to integrate the ability to airdrop NFTs to stakers.

[quaint cradle]

The reward should have nothing to do with sILV issues but for SLP stakers who are affected by their inability to claim and withdraw SLP tokens as per the message above.

[brisk surge]

Yes thats correct, SLP stakers are unable to claim and withdraw because of the issues with sILV.

[quaint cradle]

I’m simply reiterating the call for some love to the SLP stakers.

[brisk surge]

Yes, SLP stakers are effected by the sILV issues so they would recieve the above discussed benefit.

[cunning perch]

bye sILV? Like goodbye? 😄

[tawny arrow]

If I understand correctly I think that people harmed by the sILV hack were compensated already for lost funds by the ILV team. SLP stakers are one group who hasn't received any compensation for this issue yet. That's why my post was only focusing on that sub-group for the compensation

[cunning perch]

hmmm...seems you got it wrong then. No one has got hurt unless they hurt themselves by buying after the snapshots. And, No one has been compensated anything, yet. The LP and the ones before the snapshots will be compensated.

[brisk surge]

I assume if they are going to compensate people for temporary loss of liquidity they would give the same compensation to both sILV owners as well as SLP stakers. The issue is due to the exploit in the contract for sILV minting and will prevent users from interacting with the SLP pool as well as trading sILV. So both groups have experienced temporary loss of liquidity.

[tawny arrow]

Fair, there's a lot going on in this industry and I definitely may have misunderstood. I'll look forward to details on compensation for SLP providers then. Thanks for the response

[cunning perch]

Sure. Details will come in step by step with every update the teams makes. They've been having lots of interviews since then and very open in terms of compensating ppl. So, yeah, it will be fine. 🙂

[brisk surge]

Hey guys i have already staked some eth-ilv flexible (around 60k$) and want to buy and stake some more now maybe 20k$ or so, what would you suggest should i wait till v2 comes to stake it all togehter or is it still worth staking right now? Or does it even work atm?

@brisk surge I will suggest you stake now and not wait for the V2, V2 SILV cannot be staked

[cunning perch]

Staking on top of SLP is not operational atm. You should be able to do it soon. Having said that, staking in ILV pool should be operational. You can decide when is the best time to stake

[brisk surge]

Ah ok thx, and i guess at the time it is possible again it will be on v2?

[cunning perch]

When V2 is up, everything should be fine

[brisk surge]

Ok then ill just wait till its working again thx 👍

[unreal wyvern]

hey guys

is there anyone who can explain what's the difference between sushi LP and ILV stake beside the APY difference

[craggy cliff]

I have a private question, may I send you a FR > DM?

[unreal wyvern]

Are we really getting %300 apy

[craggy cliff]

for SLP that is current APY (I think a bit more) that reduces over time/number of investors in pool

[unreal wyvern]

and nothing different than usual staking right?

[unreal wyvern]

I am just trying to understand the difference between LPs and staking

[cunning perch]

yep sure

[craggy cliff]

says you aren't accepting friend requests and have to add me 😂

[unreal wyvern]

Oh so it's more risky

[cunning perch]

make sure it's me 🙂