🥩〕staking

[celest yacht]

How is staking in the pool for APY has anything to do with the game? Does your VCs invest in illuvium to play for the game?

[cunning perch]

Didn't get your question mate.

I said I want the game to the question “what do you want” 🤷‍♂️ what's wrong with that?

[celest yacht]

If this staking discord channel is the not the right channel to raise concern can you kindly share the reddit for the ILV or the twiiter handle for the founder

[cunning perch]

You can always ask and say whatever you want regarding staking in this channel and we'll help you go through it, though pinging me regarding my answer “I want the game” was weird. So if there is a concern or question that you have, ask and we'll try helping you

[celest yacht]

My concern was due to the v1 issues ....there was loss of compounding and lengthening vesting period for individual with locked staking and how we will be compensated for the same...how ever it seems people in this server are mostly gamers and I am not confident asking questions on my losses for the yields ...so I was trying to figure out who is the right guy in the team to check with

[cunning perch]

lengthening vesting? no vesting period has been lengthened. Emission has been halted meaning you can't stake/claim. Rewards are being calculated as long as you stay in the pool and you will receive them when emission starts. Nothing has happened that needs to be compensated. The only compensation is regarding sILV.

[celest yacht]

So if I had claimed on Dec 2021...I would have received them Dec 2022...also it would have auto compounded earlier...Now since I couldn't withdraw last few weeks...my auto compounding halted and when I will withdraw on Fed 2022 .. I have to wait till Feb 2023 to unlock my rewards....

Not allowing me to interact with the pool resulted in losses and loss of flexibility of my holdings

[ember ginkgo]

He wants compensation because he can't start his vesting time now, the bonus yield is not enough for him.

[cunning perch]

you are just taking Yield into account and have missed out on the Revenue your tokens will receive. Withdrawals are only for the unlocked tokens and you can do it even now, i don't get your concern regarding withdrawals when you say "I couldn't withdraw last few weeks". you might have not been able to claim for a month and a half, but unless you have tons of staking, this really shouldn't have made that big of a loss for you (through not compounding)

[cunning perch]

yes, I get his point. but it's been one month that emission has been paused and flexible stakes and unlocked ones can be withdrwan even now.

[celest yacht]

Every reward I claim...it has 1 year vesting period....So even if I want I cannot withdraw before that..not being able to claim as planned locked up my rewards further..

Yes I have considerable exposure....but the announcement does not reveal what they mean by bonus yield

[celest yacht]

As I stated im in locked staking

[cunning perch]

yes maybe a month or two as it happened to everyone. You might just missing a 2 month compound which will be sped up when emission starts so you get the rewards you were missing out. The bonus was misleading so it was changed to additional. The reward distribution will be sped up and as long as you are staked, you get the rewards and whatever comes with it.

[cunning perch]

I was referring to this sentence "Now since I couldn't withdraw last few weeks". If you are locked, you get your rewards anywway

@celest yacht this is from the announcement and perfectly mentions the point:

"You are free to withdraw any flexible or unlocked deposits. If you do withdraw during this pause between V1 and V2 going live, you will be able to claim your existing pending rewards during the withdrawal step. However, you will not be eligible to claim the additional rewards that make up for us halting emissions. These are only for those that do not withdraw before v2 is live."

[celest yacht]

I am a bit perplexed the compounding loss is so evident but this has not been addressed...whatever I will reach out to my folks in sushi pool to get a better understanding of what is going on...I wanted to understand if there any compensation for the compounding losses and I still not sure I got that answer or it is probably no

[cunning perch]

I mentioned the answer in my PM above, That's the only official answer there is.

[celest yacht]

It says deposit...I am saying pool rewards...you cannot withdraw pool rewards

[cunning perch]

it says deposits as you CANNOT withdraw rewards logically as the first rewards will be unlocked July 1st

[celest yacht]

Resulting in compounding losses

[ember ginkgo]

https://tenor.com/view/gun-shoot-me-gif-14188290

[cunning perch]

This means there will be a compensation by additional rewards for anyone that has their assets locked

[celest yacht]

Ok...you first withdraw rewards from the pool that goes into vesting cycle for 1 year....I am referring to the first withdrawl that goes into ILV pool

That was locked because of the bug

[cunning perch]

I know what you are saying and I believe you are messing out some point of views.

you claim, you will get it the next year. You claim late, you get it next year later.

Unless you are talking about thousands or millions of dollars, I don't see that as an issue to get that specific rewards with a two-month delay while you are getting additional rewards for it.

[celest yacht]

So the bonus yield is the additional reward? Is that confirm?

[cunning perch]

It's exactly as it is said in the announcement. There is no Bonus. There is additional.

[worthy peak]

Btw interesting, why the Team didn't just prolong the staking program to the number of days which it would take to run V2? This additions calculation happening not in smart contracts looks error prone and complicated.

[cunning perch]

like pushing it more than 3 years? I thing it would have messed up the dates. I'm not that smart to answer or suggest anything regarding that haha 😄 You can ping Aaron. IF YOU DARE lol

jking you can ping him any time 😄

[worthy peak]

Ahhah, nah, i think there was a strong reason. Also I may not understand the answer

[cunning perch]

haha Ikr. I think we all feel the same when it comes to the answers

[worthy peak]

All those smartcontracts and DeFi is tricky for a random guy

[cunning perch]

aaaaah random he says. You are one hell of smart guy. Don't sell yourself short

[worthy peak]

Just give us the game already! Wen wen wen

[cunning perch]

we all want it. me, myself and I.

[cunning perch]

Are you ok mate?

That is spamming in Staking channel. So I deleted your PMs

[sturdy scaffold]

Hey guys, it's been a while since I visited the Discord server. Need to catch-up with all the updates. I have some ILV rewards waiting to be claimed, I just want the know if if it's okay to claim it now so the vesting days are running or wait for V2 staking. Any thoughts?

[cunning perch]

hey. you can't claim now. gotta wait for emission to resume (hopefully in a month). staking has been halted

[sturdy scaffold]

Ohh sorry I thought I can claim since the claim sILV is greyed out while the ILV is not.

[cunning perch]

nope. everything has been halted now. You can only withdraw unlocked deposited tokens (which would result in reward loss during the halt)

just sit tight until emission starts

(and upgrade when V2 is initiated)

[sturdy scaffold]

Awesome, thanks for the update!

[sonic lotus]

This is only if they are unlocked right?

[cunning perch]

Withdrawal? Yeah only unlocked tokens can be withdrawn

[golden dome]

wen v2 lol

Jk. Just want to add my new coins to my portfolio so it looks better 😩

[mighty depot]

so the staking rewards still happening at the moment? any idea on the apr?

[torpid venture]

nope. temporarily paused until v2 releases then theyll resume and you migrate your tokens

[mighty depot]

so im not earning any yield right now?

[cunning perch]

Here #🥩〕staking message

[mighty depot]

will we have to approve etc again on v2 and pay all the gas fees all over again?

[cunning perch]

approve? If you are stake you will just need to upgrade that's it

but each claim still needs gas ofc

[grizzled salmon]

what do i love if i withdraw ILV rn? My rewards that i did not claimed ?

[long shadow]

staking is frozen just wait it out...

[grizzled salmon]

i want to withdraw ....not stake new tokens

[outer mauve]

Sorry to ask again! any ideas when is V2 going live? right now will be great, fees are low for updating to v2

[long shadow]

yes, I know but there was a hack on the unofficial silv pool so they are fixing the infostructure before it gets turned back on.

[grizzled salmon]

so its kinda stuck? but on the website it said i can withdraw but i will lose on additional rewards

[long shadow]

I think that if you wait for v2 you will get the pending rewards that have been frozen for the time being.

[long shadow]

Waiting would be the best bet at the moment as you you are still staking you will still get rewarded. That said yes if you claim ilv instead of the in-game token silv then you will have to vest 365 days.

[grizzled salmon]

Guess i wait then ... do you have an info how long v2 will take Till it is live?
Im not so active in this discord lately maybe you can give me an little update

[long shadow]

mid-Feb is all I'm hearing sometime before the land sale.

[gloomy gazelle]

If your tokens are unlocked then you can withdraw them. You won’t lose any rewards that are listed in the rewards tab. But you will not receive any of the rewards that have been accruing in the background during the PAUSE. Those rewards will only be received retroactively when v2 staking launches. For those that were staked before the pause until after the pause.

[grizzled salmon]

Thanks for the detailed explanation.
Can you also say when v2 staking will likely be live? Say mid Feb or end Feb?

[polar abyss]

Staking V2 .. also if im stakin already and not getting any rewards will I get them all at once when V2 is live.. ??

[ornate cypress]

Yes

[cunning perch]

once emission starts, yes

[cunning perch]

V2 will probably (if nothing goes wrong and everything is on track) go live mid Feb and emission will resume 2 weeks after that

[gloomy gazelle]

No I can’t. It all depends on the time it takes for the audits to be completed.

[brisk surge]

Quick question, will the earned rewards through the paused period be automatically added to our vesting, or will we have to pay to upgrade to v2 then also pay to claim our rewards that will be given back to us during the pauses period?

[cunning perch]

you are gonna have to claim them after you upgrade in the two-week V2 halt. They will be added to your "pending rewards"

[surreal vortex]

I need to add the SLP token in Metamask. Can somebody give me that token address? thanks

[cunning perch]

Land is after emission resumes. So, should be around March if not later. But no confirmation. It's just me gussing

[cunning perch]

!contract

[woven ibex]

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

[cunning perch]

Yep, we'll see how it goes

[inner cove]

a question: is the staking paused or will it be credited after the upgrade and is just not shown for the while its paused?

[gloomy gazelle]

I think this pinned post has the answer that you are looking for. #🥩〕staking message

[inner cove]

a perfect, so its just paused and is calculated in the background so to say

[gloomy gazelle]

Yeah. But only for those that were already staked. Not for new deposits.

[inner cove]

yeah, i stake since half a year in the sushi pool

[glass eagle]

is there any timeline on staking v2? feel like it was said a couple weeks...a couple weeks ago

[muted walrus]

mid february

Did they say the APY?

[fresh basalt]

Don't know if this has been asked before but will we also be compensated for the rewards that our unclaimed rewards should have earned. I was to claim my rewards even before 20 Jan but because of the silv hack, I wasn't able to.

[devout seal]

Hey folks in the upgrade you mention on the website a withdrawal option. What does this mean please? Can we take out our all our funds if we wish to transfer to different wallets?

[cunning perch]

only unlocked tokens can be withdrawn

[cunning perch]

no one is being compensated for the compounding effect they should/could have got if they claimed their rewards. There is nothing to compensate for as everyone's plans are different. Someone might not wanna claim at all while someone wanted to claim. you'll just get to claim more when emission starts and will get them with a month daly compared to your original plan

[mystic flint]

do someone know when staking will be up again?

[still jacinth]

with v2

[quaint cradle]

Which should happen in about two weeks.

[native wedge]

Yeah timeline probably shifted. It was a couple weeks, a couple weeks ago. Now its a couple weeks again.

[coral pike]

@mystic flint @still jacinth Please read #📣〕announcements for more information . If there are no updates to the timeline then nothing has been officially announced

[jolly mortar]

can someone just put me at ease. our rewards have been paused but they are still going up behind the scenes?

[coral pike]

#📣〕announcements message

[vale forge]

just getting into staking via lp, I read through the tokenomics section of the WP, but still dont quite understand the math behind weighting for sILV rewards. Can someone point out the doc I need to read, too clarify weighting?

[halcyon gazelle]

Hi, I’ve been staking ILV for the last 6months. It becomes unlocked in 8 days.

I understand that in 8 days I can withdraw my ILV but my Vesting rewards can’t be withdrawn as ILV for another 12 months.

I am in no hurry to withdraw my ILV.

My question: is my best option to withdraw my ILV in 8 days or to re-vest for longer? If I revert for longer; what are the options and what is the process? Thanks

[native wedge]

Your best option is to keep it as is until staking v2 comes out. For the maximum rewards

[rapid kestrel]

Is staking delayed again?

[halcyon gazelle]

Another question; will there be plans in the future to sign in to my staking with my original wallet but then withdraw to an alternate wallet? My original wallet is hacked and has a sweeper on it. So my ILV is safe while staked but I will need to manage the process of withdrawal safety. Being able to withdraw to a nominated wallet would just be so much easier and safer for me. Thx

[undone forum]

Can I stake ILV tokens right now?

[coral pike]

no staking is offline until further notice ( unknown eta) #📣〕announcements message

[undone forum]

Ok so then how does the total amount staked shown on the website go up in value if no new tokens can be staked?

How is that total amount staked calculated? Is that tied to the ILV price? So if the price of ILV doubles in value then the total amount staked doubles in value too?

[coral pike]

magic? also all known official information is in the #📣〕announcements . More information will be given when the #📣〕announcements is updated at a unknown time and date.

[autumn cloak]

Yea it’s based on ILV price I’m pretty sure.

[undone forum]

How exactly? It’s not 1:1…

[coral pike]

they are "guessing" nothing is known officially how it is being calcuated at this time

[undone forum]

Well somebody set it up, and it has to have a formula…what’s that formula…?

[coral pike]

what part of not officially known are you finding difficult to understand ?

[undone forum]

What part of your magic response do you realized is disrespectful to my actual question, it’s not magic dude. I’m actually asking a sincere question and you come back with “magic”

So no I don’t really want to listen to you

[coral pike]

i told you staking is offline you cannot stake now. how the number going up is unknown and irrelevant.

[undone forum]

That’s a subjective statement

Ok I’ll take my question to high ups

[coral pike]

You go an do that 🙂 the announcement posted is from the admin and it clearly states staking is offline .

[autumn cloak]

Not sure tbh; I just know that the total volume does fluctuate based on ILV price. Maybe the calculation is a little harder to figure out with the SLP pool? Not really sure, sorry

[brisk surge]

👆 This

$TVL staked = ILV staked x ILV price + SLP staked x SLP price.

It can also be varying because people can currently withdraw, just cant add new stakes.

[undone forum]

Thank you, do you know where I can find the SLP price? I’m not too familiar with it

[autumn cloak]

Try Zerion. I think you can find it there.

[brisk surge]

I think the best way to view it is through sushi. Etherscan will show you a price but its usually a little bit off, It was around $2900 when I looked earlier today.

[undone forum]

Cool, yeah I’m figuring it out

[tough vessel]

Hi. Just to clarify if I'm going to stake 2 ilv with the weight of 1.5. I should get 3 ilv after staking period right?

[coral pike]

weight only applies to RevDIS also staking is offline until further notice .. no official date stated

[tough vessel]

Thanks. What's RevDIS?

[brisk surge]

Check out the medium article on staking. It goes in depth on how rewards are calculated.

[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

[coral pike]

@brisk surge you have no regard for what the mods request do you ? Community member are not to use bot commands but i guess that doesn't apply to you.

[brisk surge]

??? I dunno what yorue talking about man, sometimes mozart just posts stuff on his own.

[coral pike]

i saw you do it and then delete it so your also a liar

[jaunty cairn]

will I be able to add more SLP prior to V2? I had bought ILV and ETH the day staking went down for v2 upgrades etc etc but I would like to add to my SLP before v2

[autumn cloak]

Unfortunately no. All staking is paused until V2 is live

[jaunty cairn]

big bummer. oh well. Ill just keep saving up and DCA in more until v2 goes live

[keen ridge]

mate just relax you arent a mod so stop trying to govern everyone

[coral pike]

😆 random salty comment is random lol and its up to the community to help the moderators andthe team whenever possible

[brittle ingot]

Hey long time to get in discord rewards are stopped?

[lost vine]

for now you can't claim, but they will continue to accumulate until staking V2 is out, you can claim then

[wispy ferry]

It looks like it is calculated via at least 3 contracts.

ILV core pool ~ $143,905,852
SLP core pool ~ $289,752,790
ILV rewards staking pool (locked rewards) ~ $576,334,488

These amounts fluctuate constantly based on ILV token price and ETH token price. Because SLP is a combination of ETH and ILV, the total amount staked will not double if ILV price doubles.

[ruby scroll]

Sorry if this a dumb question but I'm really confused. If I'm going to stake 2 ILV under LOCKED cathegory with a weight of 1.5. Does it mean I will receive 3 ILV after the waiting period?

[wispy ferry]

https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda

[wispy ferry]

Negative. Total rewards are based on a variety of factors such as emission schedule, how much you are staking compared to others in the pool, etc. The weight of 1.5 is basically saying you are going to get rewards as if you were staking 3 Illuvium instead of 2.

[ruby scroll]

I see thanks for clarifying that!!! 😆

[wispy ferry]

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

Those articles should help. You are welcome.

[peak finch]

just checking in. i see the current ETH/ILV pool has been frozen for a while now. when will the rewards we adjusted and balances start accruiing again?

[ember ginkgo]

They are stilling getting calculated, we just don't see it. Once staking v2 is up, we will have a nice surprise waiting for us.

[sonic lotus]

Oh I am excited to see that claimable rewards number rocket up once it’s all calculated and live again haha

[peak finch]

yeah me too....just asking when

[uncut loom]

When would that be? Moved my ILV from binance to my metamask, cant do anything with it (since no staking) ... got a dilemma now, back to binance or wait till v2 starts, which who knos when that would be?

[ember ginkgo]

What would be the reason to move it back to Binance? Doesn't make a difference in what wallet it is. If I remember correct he team was aiming at mid this month

[vernal needle]

Hi, i am looking to stake when the v2 comes out, but i dont get how the apy is calculated if someone can explain. Let say i provide a 500$ of both coins in liquidity and the apy is 300%. Does that mean i get 3k profit, what if the value of my initial 1k changes

Like if my 1k comes to be worth a 100$ after i provide liquidity, the apy will be applied to the 100$?

[compact cipher]

hey guys, i staked and locked it for 12 months 5 months ago and i claimed a reward and its locked for another 365 days, if claimed the new rewards will it be locked for another 365 days?

[uncut loom]

U can earn a laughable return on ILV on binance, laughable but at least smth. Moreover if V2 takes long time i'd rather have my ILV accumulating even by a small margin.

[vital kayak]

Wow guys. Let’s turn it down a notch, we all friends

[cyan wagon]

yea, % apy most probably will go down with time, and apply to the current value (USD) of your SLP stake

[devout seal]

Cheers for clarification

[hasty yacht]

Yes every claim will need 365 days to unlock

[dull cradle]

is it every claim or every staked batch?

[cyan rampart]

It's every claim, independent of your stakes and other claims.

[dull cradle]

@cyan rampart, thank you. And will each locked claimed ILV be part of revenue distribution later?

or will it be only after it is unlocked and restaked?

[cyan rampart]

So every time you claim rewards as ILV, those ILV start the 12 month vesting period. During vesting, it's treated exactly like a normal 12 month locked stake, so it IS eligible for revdis and yield farm rewards of its' own.

[dull cradle]

Great, this is what I expected. Thank you for the confirmation!

[stoic ridge]

is there any idea when v2 staking may be back online? just checking if it's a days, weeks, or months thing? i'm sure it'll be worth the wait, but just wanting to check in

[hasty yacht]

Should be ready in like 2 weeks, then need another 2 weeks grace period before it gets live , so around beginning of march

[white condor]

So exactly just after all the seed investor & VC investors coins unlock. Nothing sus... "just be patient guys" lol

[coral pike]

your right nothing sus.... so much fear for the unlocking and yes be patient your sarcasm is actually reality ...

[muted walrus]

What was the apy? before the pause? thanks

[unique turtle]

Was around 30% for single and 350% for SLP

[muted walrus]

Correct me please if I am wrong SLP, from 600% to 350%? single from (?) to 30%? What was the starting rate before of single staking? and when did staking start? was it August 2021? Apologies for the queries. thank you.

[atomic lagoon]

Started in early July 2021 if I am not wrong. these rates were from around 8th Aug.

[rapid kestrel]

The staking apy will reduce over time

[small island]

The emission of tokens reduces over time. The APY also depends on the price. So it is possible to see an increasing APY when the price goes up, even if the emission is dropping. Though as a staker it is good to assume a dropping APY regardless.

[gloomy gazelle]

If you have unlocked tokens that you are afraid to hold because you think you’ll get dumped on you are already free to withdraw them and sell whatever you want. Or would you rather keep it deposited so you earn the yield for the paused period? Either way we are all free to make our choice. Unless we already did.

[gloomy gazelle]

Yeah. That is correct. You could check the tool on this post out. #🥩〕staking message
I also tried to explain the apy calculation here…#🥩〕staking message

[urban sky]

I understandg staking v2 is not up yet, and you can no longer do staking v1. However, as i have 1 LP token unstaked, wanted to see what happens if i try to stake. It shows me this message. Any idee why?

can't send pics, idk why. but it says: before you can stake, you have to collect your existing rewards in the pool. why?

[vernal needle]

Hi if i provide 3 ilv in liquidity and same value eth, and the apy is 300%. Will a be getting 18 silv assuming i only claim silv after a year if apy does not change

[urban sky]

sounds right, on top of your LP token. However, i assume the apy will change drastically over time.

[vernal needle]

Before they shut staking down it wad i believe around 350%. If it restarts at same rate when v2 drops how long would it take to drop to 100% any estimations

Like does it drop consistently or it may go down fast at any moment

[autumn cloak]

It is set to drop by 3% every two weeks; that will always happen. But if a whole bunch of people stake at once that will cause the APY to shoot down fast

[brisk surge]

might be a stupid question but if we are staked and rewards are still being calculated why does it now show anything in pending rewards? or is that just not being shown until V2 comes out

[autumn cloak]

Not shown until V2 comes out. You will just get everything you would have earned in a lump sum

[vital kayak]

Posted this in #💬〕general too. METAMASK trending hard on twitter for being down

[vernal needle]

Thx is there a document that goes deep into this

[mighty bolt]

I just want to hurry up and upgrade ao@I can stop thinking about it lol

[autumn cloak]

Probably somewhere, but I'm not sure where. Maybe try one of the articles on Illuvium's Medium?

[mighty bolt]

Will v2 staking but like if I want to add more to my staking pool I won’t need to claim rewards. I can just add?

[urban sky]

ILV is doing a 7x circulating supply this year, from 600k to 4.3mil. I expect either a huge drop in token price, or a huge drop in staking rewards. Probably a bit of both:)

[dull cradle]

hm, staking rewards for sure, but why the token price?

[polar abyss]

why the 7x circulating supply?.. = 7x less value per ilv coin is my thought

[vernal needle]

So the good days of staking slp are over and here i was thinking to jump in

[urban sky]

See tokenomics of the token for why 7x supply. Crucial before you invest. FYI - Price doesn't automatically go down if circulating supply goes up, the people with the new tokens must decide to sell them, for that to happen. That's why i assume staking rewards will go drastically down, as it is likely out of the 7x circulating supply, some, if not most of it will go to staking

[urban sky]

My personal opinion - staking rewards are super high right now, so even if they go down by 90%, you are still fine. Also, staking only makes sense if you are bullish on the game, given the long stake period for good rewards.

[vernal needle]

Fair point most people only stake the only sell silv to get more ilv to restake it

[vernal needle]

If it goes by even a 100% i am fine with that but i dont want to see it go below 100% in rewards, is that of any likelihood to happen in 2-5 months

[dull cradle]

revdis is more important after all

[urban sky]

no clue, not an expert. But 100% is still madness, if you are bullish on the project. I truly expect it to stabilize way lower, given you are doing ETH-ILV. Their goal is for the game to compete with AAA games in general, not blockchain only. And the project itself to go as a top game developer worldwide. Now, of course, this is theory only and 10 years away lol

[wispy ferry]

Getting dumped on wouldn’t be all that bad if you have some capital set aside. Time to buy and stake some more 😎

[urban sky]

true that.

[dull cradle]

well, investment is always risky, never put all eggs into one basket

[urban sky]

Still anyway, not that experienced, but a 7x circulating supply in 1 year is crazy, considering that most people receiving the 7x supply, are already at 200x-600x price. I assume dump is imminent lol

[wispy ferry]

Agreed they should not be. Mine aren’t personally but always prepared for opportunity.

[hidden current]

Hmm now to try find some capital …

[wispy ferry]

To the lemonade stands !!!! Let’s go.

[urban sky]

fyi - if i remember correctly, first 500k tokens where sold at 1 usd, and the next 500k where sold at 3 usd:)

[hidden current]

For what I want to invest I’m going to have to go to street corners 🤣

[wispy ferry]

😂 that works too but in reality I think every single ILV gained will pay off exponentially down the road.

[dull cradle]

unlikely many of them were kept till price jumped to 1k

[hidden current]

Yeah same I just wish I could get a bit more in now to speed the process up

[urban sky]

they were not vested, they did not have access to them. They are getting it soon though:), that's why dump is imminent lol

[dull cradle]

ah, you are talking about angel/seed ones

yes, they've made lots

[urban sky]

Unlocking March 2022-March 2023
500k Pre Seed - 41,666/month
1.5m Seed - 125,000/month
100k Team - 8,333/month

500k pre seeds i think were at 1 usd/coin and 1.5 seed at 3 usd/coin

[wispy ferry]

I hear you. Leveraging other trades during these massive market dumps helps. Obviously with more risk. Working over time at the job when able to slowly buy/stake ILV dips good too.

[urban sky]

I'd keep an eye on for a dip starting with march:), espacially since the game is still fairly far from getting launched

[hidden current]

Well good luck with that I’m putting in loads of overtime atm too. Think this is a massive opportunity

[wispy ferry]

For sure man. That is the smart safest way.

[vernal needle]

My plan is to buy lands with the 6.2 silv that i have, flip it for hopefully good profits and then buy ilv eth to stake. As long ad i buy ilv at a good price think i am fine

[wispy ferry]

It’s a good strategy to free up some liquidity. Worse case scenario is you sit on the land for a bit and play to earn some resources.

I suspect many will use land to free up liquidity earlier

[vernal needle]

Yes if the returns are good, i will keep it for a bit. If i cant get a t2 i will get 2 t1 one for sale one for me

Expect returns to be good as fuel supply will be low at the begging and the game already has massive potential player base

[tawny arrow]

Havent checked here in a while. Was there any announcement on v2 staking or when we can claim tokens stuck in sLP pool?

[wispy ferry]

Even if they aren't the best returns, I highly doubt they will drop below the purchase price. So even if you sold to break even, it still provides an exit for sILV which can be ultimately be converted into SLP for staking.

[loud anchor]

Its better to claim now or wait V2 ?

[hasty yacht]

You can't claim right now, have to wait until V2 goes live, approximately at the beginning of march

[brisk surge]

Does anyone know, with revenue distribution, how often it will be "credited" to my staking account, and will the frequency and timing be random?

[smoky geyser]

It was mentioned in an interview that it will be random frequancy, but i'm assuming it will work out even over a period of 1 month.

[brisk surge]

Yeah, I heard that too.

[midnight crow]

As others have mentioned, I do miss the regularly updated view of my ILV staking rewards. May v2 be swiftly implemented!

[brisk surge]

Also, while I'm at it, did I hear someone say that to get 2x token weight in V2, we have to stake for 2 years?

[midnight crow]

Not anymore. It was the initial plan, but max locking will be 1 year as with v1.

[smoky geyser]

Once were all playing Illuvium and trying to capture every Illiuvial and RevDis is operating, then doesent that mean that the cheaper the ILV price the more the Vault can purchase and distribute to the stakers which has to vest for 1 year, thus easing sell pressure?

[midnight crow]

Does the RevDis need to be claimed and vest for a year like yield farming?

[wispy ferry]

It will allow for more buying but large purchases on a DEX will quickly increase the price. I am not sure how they plan to do the buying mechanism, although that information may be floating around somewhere. As far as sell pressure goes, at the moment Rev Distribution is unlocked. It will need to be claimed which means you can choose to let it build then claim when you desire. Also not sure if V2 proposals have changed this info.

[smoky surge]

when does v2 go live?

[wispy ferry]

Hopefully within the next 4-6 weeks but no confirmed date at the moment. Big process.

[brisk surge]

When does the game go live?!

[wispy ferry]

Hopefully within the next 4-6 months but no confirmed date at the moment. 😂 Worth the wait.

[brisk surge]

My "game goes live" date prediction: July 2022

[coral pike]

FYI "open beta" Aka "live" is officially announced for q1 (around march) - could be delayed but there has been no announcement's stating any delays as of this post.

[coral pike]

no revdis are not locked.

[midnight crow]

It would be nice for the team to give more clarity as far as timeline. I appreciate members of the discord giving their estimates after reading the tea leaves 🙂

[coral pike]

I'm not like that i don't believe in "guesses" and tea leave predictions as some others do . When something is Unknown I say its unknown , if the last thing we herd officially about
open beta says Q1 so in my opinion until there is an updated timeline opened beta can still happen in Q1.

then somone else comes in and gives all the tea leaf predictions lol

[vernal needle]

i read the morning in the discord that the supply of ilv will jump from 700k to 3.5M and the price and rewards should go down, why is that, is there rewards that are not claimed

[delicate plaza]

Seed tokens unlocking. Potential for price to go down as seed investors take profits and sell tokens or they will likely stake them. Which means less rewards for everyone else currently staking.

[gloomy gazelle]

!read some of the tokenomics article on medium

[woven ibex]

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

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

[gloomy gazelle]

It won’t jump. It will increase in a linear slope. Check pins in #💰〕token to see some numbers.

[vernal needle]

when you say less, will it be drastic, we have seen it before silv collapsed that rewards were about 350%, if the majority restake, where can we see the rewards below 100%?

[gloomy gazelle]

It’s a bit a math to figure out how much the total value in the two staking pools would be changed if a lot of the unlocking tokens were staked in them.

[hazy lily]

Whats the current staking rate? website just shows me 0% currently.

[rapid kestrel]

It means price of ilv token will go down and rewards for staking will keep dropping over time right

[gloomy gazelle]

If you make a deposit today you won’t get rewards from that deposit. That’s why it says 0%.

[hazy lily]

Makes sense

[vernal needle]

how many ilv are yet to be unlocked when staking v2 comes out, do we have a number

[gloomy gazelle]

Use the lelehals tool pinned in here to calculate the rate previous stakes are earning.

[gloomy gazelle]

Yeah. Check pins in #💰〕token

Here #💰〕token message a community member did some math

[vernal needle]

a lot of ilv will enter circulation so i would guess that the rewards will shut drastically as circulation will fast double triple ...

staking SLP was very lucrative before because ilv rewards were getting vested but as this vested ilv will start to unlock it going to make it not that worth it. isn't there a tool to calculate rewards based on staked ilv in the eth-ilv pool

[gloomy gazelle]

This. #🥩〕staking message

Just did some math. There’s currently about 215,520 ILV in the eth/ILV SLP tokens staked right now.

[sacred cosmos]

Yes and 1 of them is from me. Woohoo! Im part of the cool kids now

[final schooner]

is there been any updates on the timeline for staking v2?

[midnight crow]

Nope, check #📣〕announcements

[sturdy tangle]

Is there any documents we can see the unlocking schedule of the preseed/seed/team tokens?

[gloomy gazelle]

!read the tokenomics post on medium. But the team updated a big portion of their tokens to be locked for longer. That’s in #📣〕announcements. But a community member ran the numbers and posed it in #💰〕token. It’s now pinned in there. And seems to be quite accurate.

[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

[brisk surge]

None of y'all should care about the token price after you're staked. The only thing that matters is revenue distribution. Don't believe me? It's word for word a quote from Kieran's tweet. Be glad if the token price stays low, so your broke ass can afford to buy more (talking about my own broke ass here)

[wispy ferry]

Unless selling some to buy the dip. Perspective.

[buoyant zenith]

waiting for V2 be like

[gloomy gazelle]

How much revdis you get will be impacted by how long your staked tokens are locked for.

[smoky nest]

Good, so they will do something like :

Sum(ILV_i * weight_i) = total

and then give you the share that corresponds to

Revenue = ((my_ILV * my_weight)/total)

[gloomy gazelle]

Looks close enough

[smoky nest]

ahahahah

[ember ginkgo]

Go sleep plant 😄

[smoky nest]

yeah it is 1:25 AM, I should probably go to bed.

[smoky nest]

but I'm vibing on Grant music

[ember ginkgo]

Ok, 30 more min

[smoky nest]

Thanks dad

[primal condor]

when will v2 staking become available?

do i need to manually migrate to v2 staking? or does migration happen automatically??

[gloomy gazelle]

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

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

[ember ginkgo]

Wait I was told locked tokens can't be moved to different wallet?

[gloomy gazelle]

That’s what it says.

[primal condor]

i have locked stake in V1, can i upgrade that stake to V2 now?

[gloomy gazelle]

No. V2 is not live.

[primal condor]

ok. when is V2 expected to go live. i will set a timer for that date

[gloomy gazelle]

Here’s the info page. https://staking.illuvium.io/staking-v2

[gloomy gazelle]

No date has been set. Contract audits must be completed to security standards. Then it will be in #📣〕announcements

[gloomy gazelle]

Maybe check in two weeks.

[primal condor]

ok. just to make sure V2 staking is not live yet, so i'm not missing any rewards

[gloomy gazelle]

Correct. No worries.

[devout seal]

Hi guys a little more info on transferring compromised wallets would be great please. You mention after moving to v2 we will now be allowed to do that. Just need a bit of info for my little helper so we know exactly what to do and when. Thanks 👍

Soz must have read it wrong. So like before only unlocked tokens can be moved to another wallet right and we have to wait untill our unlock period ends?

[fair locust]

Dears I would like to claim ILV but got this message

I‘ve about 180 usd in eth in the wallet so should be not the proble

[ember ginkgo]

Staking is currently paused

[fair locust]

I dont want to stake - claim rewards

[ember ginkgo]

That is part of staking

[fair locust]

Alright thanks 👍🏻

[gusty chasm]

Is stake V2 live?

[ember ginkgo]

Read 4 messages up

[crystal plover]

You should be cautious stating your holdings in public, especially in the cryto world. Just FYI if you hadn’t thought about it

[hazy token]

Have the incremental 2-week drops in staking APY been on hold since staking v1 was paused?

[hasty yacht]

I think they will calculate it in the bonus which u gonna receive once V2 is live

[hazy token]

OK, so the gradual 3% (iirc) drop will still be happening every fortnight?

[hasty yacht]

I'm sure it will , otherwise it would fuck up the rewards timeline :b

[hazy token]

that's kinda what I figured

cheers tho! (damn slowmode for typing quick replies 😅 )

[hasty yacht]

No worries mate, can't wait to receive the lump sum in my dashboard haha

[red hill]

actually, I dont get this one: why is it good if locked tokens can get moved away when the wallet is compromised? Won't that person who gained access not just move them away? (which is not possible now)

[brisk surge]

You would have to make sure you can move those tokens to a wallet that isn't compromised

[red hill]

yes, but my point is: in many cases the attacker will simply be faster.

[final steppe]

I think another point here is that the team is doing this after seeing the feedback from the DAO and they are acting on it. There were many suggestions/requests from both people who have been hacked and those that haven't so now in V2, the team is providing a chance to the scammed individual to move their tokens to a new wallet address ASAP.

Right now, individuals (scammer and scammed) have this chance to move the tokens but it is only after waiting for the vesting period to complete. In either case, the attacker could be faster but I don't see that as a reason to not implement another possible solution to try and help those who were scammed.

[wooden haven]

I have a question regarding staking API given in the staking app (V1 but this will be probably the same for V2). The displayed API is probably the current theoretical amount, right? It does not take into account that the yield will decrease and the number of staked ILV will increase, right. Therefore the really expected APY will be about half?

[sturdy wren]

it takes into account a linear 3% drop every two weeks or so from the rewards pool that goes until 2024. Anything else, no

[devout seal]

No because there is a sweeper on my wallet from my side and I've removed the scammers one.. Anything he tries to put in will be taken now.

Guys not to good with discord. How do we find previous messages when we return after some time?

[devout seal]

But this is still only for unlocked tokens or unclaimed rewards right?

[final steppe]

For stakes that are locked and on the V1 contract, yes. That is the case if your wallet has been compromised. You must wait for tokens to be unlocked.... withdraw... and try to move them to a new wallet address.

In the future, those who stake on the new V2 contract will have the option to transfer their total position if their wallet becomes compromised. So everything linked to that wallet address within the staking protocol: Deposits and rewards without having to "withdraw" anything.

They would just need to do so before the scammer, of course.

[summer heath]

Has anyone heard an approximate time line before we can migrate from V1-v2? Approximately March?

[ember ginkgo]

Should be mid this month

[summer heath]

Ooo wow . That’s fast for defi. Thanks

[hollow goblet]

They’ve been working on it for a while. Was supposed to be some time Jan but understandable that things take time. It might be off putting for new investors

[devout seal]

OK but aren't we moving all our staked to v2 or is there something in the contract that still keeps it locked then untill the original time? On the bee v2 stakers being able to remove to a new wallet straight away if compromised, surely the scammer will just take it soon as he clears your wallet out? Took me ages to fund a solution.. I guess you can't really win in this situation really

[hasty yacht]

Stakes from v1 can't be moved since they are locked in the smart contract

[final steppe]

Those of us who are staked now on V1 will be upgrading to V2 once it's online... so then we can continue earning rewards. However, anything that is staked/locked on V1 won't fully be on the V2 contract because it is still locked in the V1 contract for the remainder of the vesting period that balance has.

Once the balances on V1 unlock, we will have the option to migrate those balances off of V1 and fully onto V2 at that point if we want access to the added V2 functionalities (decreasing gas fees and ability to transfer positions to a new wallet address).

[devout seal]

Got you 🤙. So if and when we can migrate outlr unlocked staked, would it be better to get my sweeper to take it straight out to a new wallet or upgrade then swap? In writing that I'm thinking remove as quick as I can..

[queen acorn]

Hello guys

[devout seal]

You mention having cheaper gas fees in the last part when fully migrated but won't we get cheaper gas fees when we are just upgrading as I thought that was the point of it?

[coral pike]

you have to upgrade to have ACCESS to the contract that give you the cheaper gas fees...

[devout seal]

Aye so we can upgrade whilst locked and have the cheaper fees then

[coral pike]

yes upgrade is mandatory and can happen while locked migration is optional and that can only be done when unlocked

[devout seal]

Grand 👍

Just a matter of timing the upgrade now with a compromised wallet

[harsh glen]

i think im gonna stake about 5 more ILV. do you think its best to hold off untill staking v2 or should i do it now?

[timber sequoia]

wait

[gloomy gazelle]

Staking before v2 is a complete waste of gas. If someone uses the contract stake today they will need to pay for another transaction when v2 launches to UPGRADE their stake to v2 if they ever want to earn anything.

[junior spoke]

Hey folks, I was hoping someone had some insight. I am pretty new to the crypto world and am not sure what is going on. About 4 or 5 days ago I had attempted to stake some ilv through the website. At the time I believe I didn't have the eth for gas fees so nothing happened as best I could tell. Ok, whatever move on, I'll get some eth and try again later. Then this morning at around 5am, all ILV was pulled from my metamask through the illuvium contract and then aminute or two later all ETH (About $150 worth) was transferred to a different wallet I did not recognize. Very good possibility I am new to the game and misunderstanding what is happening here. I felt I did my due diligence on research but perhaps not. Any help here is greatly appreciated!

[craggy field]

So staking has beenn paused for 2 weeks. So you actually having interacted with the illuvium protocol is low i think.
Also you sending it to a different wallet likely is a scam rather than staking as you would see your assets moving to one of the two core pools instead of a wallet.

So i think you got scammed mate! Double check the URL you used, then if anyone contacted you report them right now in #🚨❗〕report-scammers
Im sorry this happened to you :/

[junior spoke]

Ugh. Do you have the contract number for the legitimate staking protocol?

Just to compare and confirm :/

[craggy field]

0x25121eddf746c884dde4619b573a7b10714e2a36 This seems to be the ILV core pool contract address
0x8b4d8443a0229349a9892d4f7cbe89ef5f843f72 with the ilv/Eth pool contract.

Do tell me if i'm wrong 😄 I am not used to checking transactions etc. :))

[junior spoke]

https://etherscan.io/address/0x767fe9edc9e0df98e07454847909b5e959d7ca0e#code

There are like thousands of ilv transfers to that address queued up or some such

[craggy field]

Yeah as staking is frozen right now i dont think the transactions are going to go through tbh but not sure what exactly will happen

[junior spoke]

Well, it took my money lol

[craggy field]

Can you cancel it?
At least if this is the contract then you didnt get scammed yet. You just have to use aditional Eth to cancel it i guess

[junior spoke]

I'm very confused here :/. I can't tell if it is actually a scam or not

[rocky peak]

if the transaction is still pending you can just cancel it

[craggy field]

It could help if you shared the transaction, but maybe not in the staking chat lol

[rocky peak]

send a transsaction to your self for 0 ETH and make sure it has the same nonce as the pending transaction

[junior spoke]

Does not appear to be pending.

[rocky peak]

so you sent a TX to this contract and it succeded?

this contract that was pasted is the ILV erc20 token not the staking contract

[gloomy gazelle]

This address is the ILV TOKEN contract. Not the staking pools. This is not where you should send anything.

[gloomy gazelle]

!staking works like this. But not now.

[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

[junior spoke]

The contract that initiated the transfer is 0x25121EDDf746c884ddE4619b573A7B10714E2a36

[gloomy gazelle]

https://etherscan.io/address/0x25121eddf746c884dde4619b573a7b10714e2a36 so that is the ILV core staking pool.

But if you use the actual illuvium website shared above it’ll clearly state things are off.

[gloomy gazelle]

Metamask should be able to have the link to View the actual transaction you made on etherscan.

Another thing to check is to confirm that you used the correct website https://staking.illuvium.io/staking/core

[junior spoke]

Yea correct website and I just checked on etherscan, shows that it was sent to the pool contract

Just dm'd you the etherscan hash.

[loud citrus]

Hey I need help

Can someone explain how to stake

[kindred burrow]

Hey guys is it better to stake both on eth and ilv?

[brisk surge]

Staking is paused until the V2 staking contracts are deployed. Check back in 2 weeks.

[carmine drum]

Careful, anyone DM you is a scammer.

[hollow vessel]

Sorry. Is staking reward stop? My reward seems still the same?

A effect of transfer to Staking V2? Any thing to do?

[brisk surge]

The rewards have been stopped if you check here you can read the announcement on it #📣〕announcements message

[hollow vessel]

Oh thanks Tony

[brisk surge]

You're welcome!

[maiden peak]

When we change from V1 to V2 will we be able to change our lock period or does whatever we had in V1 just continue to V2? Or worse, it won’t reset the clock will it?

[gloomy gazelle]

Lock period would not be changed. I believe the only way to set a new lock period (get a different weight) is by withdrawing and restaking. Even after v2 launches.

And still unlocked deposits will continue to earn and will hold their weight.

[maiden peak]

Ok, makes sense. I’m about in the middle of a 1 year lock… just making sure that won’t be extended past my initial lock.

[cold stag]

Hi, I'm new here. Is staking open now? I see staking APY 0.00%

[gloomy gazelle]

It’s paused. Like the website says.

https://staking.illuvium.io/staking-v2

[brisk surge]

What's apr

[hearty scaffold]

Hi All, when upgrading my stake from V1 to V2, will gas fees be representative of V1 prices? Or V2 prices?

[gloomy gazelle]

New deposits earn 0% Apr at the moment. You’ll want to wait to stake when v2 comes out. It had been Around 30% for ILV only and 300% for eth/ILV.

[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.

[storm wolf]

Hi guys. So when v2 comes out do we automatically get upgraded or must we manually go thru steps to do this?

Hey guys!

[wanton nova]

There will be a 2 week window in which you need to upgrade manually, afaik.

[storm wolf]

Thanks that sounds like a lot of work

[wanton nova]

My guess is that it's one click and afterwards claiming will be cheaper in gas. Worth in my opinion.

[gloomy gazelle]

One transaction paid to save on every upcoming staking interaction. Maybe it’s annoying for the 1 ILV stakers. But much more than that and it’s gonna save on gas fees.

[keen tendon]

Sorry if this has been asked but once staking V2 comes out, our staking rewards get auto migrated there but do we have to re-deposit our unlocked LP (ready to be withdrawn now but waiting for V2 to roll out)? So does our LP get relocked for 1 month or are we free to withdraw immediately once V2 is out?

[gloomy gazelle]

Staking rewards would get moved during your UPGRADE transaction.

What happens with deposited tokens depends on a few things. How long were they locked for? It must have been locked for some amount of time (maybe 1 month minimum but I’m not certain). If there were deposited as flexible then they will need to be withdrawn and deposited again at least for 1 month lockup.

If your deposit HAD been locked up but is now unlocked then you will be able to choose to do just the UPGRADE, or UPGRADE and MIGRATION, or UPGRADE and withdraw.

[keen tendon]

My deposit had been locked up, but now is unlocked -- thank you for the explanation! Was trying to avoid a 1 month-lock up ideally haha

[midnight belfry]

are we still getting rewarded even tho its paused or no?

[brisk surge]

Yes

[ripe finch]

any estimated deadline on migration?

[brisk surge]

No estimated deadline yet but just keep checking #📣〕announcements

[ripe finch]

okay thanks! i hope is less than 2 months

[quiet hatch]

Haiii

You are free to withdraw any flexible or unlocked deposits. If you do withdraw during this pause between V1 and V2 going live, you will be able to claim your existing pending rewards during the withdrawal step. However, you will not be eligible to claim the bonus rewards. These are only for those that do not withdraw before V2 is live.

If I want to withdraw a small amount of my flexible ILV, that's staked in the core pool. Will I lose ALL my bonus, or just the bonus rewards for THAT portion of my ILV?

E.g. I want to withdraw some ILV that's now unlocked. It's only about 10% of my entire ILV/SLP - but I don't want to void my bonuses by doing so...

[gloomy gazelle]

It’s a good question that I’ve seen before but I’m not certain of the correct response. I’m afraid that it is possible that all the rewards earned in the pause could be voided because of how the calculation is run in the backend during the pause. Maybe @cunning perch or @mint cave knows for sure

[quiet hatch]

Thanks!

This would be really important to get right, because I absolutely want to get my bonus rewards (on the other 90% of my SLP).

But I would also like to derisk and take a little profit before March unlocks and whilst BTC is moving up a little, etc. etc. (from a small amount of ILV I had in the core pool, which is now unlocked)

[cunning perch]

you lose everything you were supoesed to get **after the halt **(not before it) whether you take out a portion or all.

[quiet hatch]

Wow okay.... so I'm trapped with my trade bag now into unlocks (assuming I want the bonus rewards, which I do, as my remaining 90% is in SLP at 2x weight).

That's very annoying. As it was always my plan to derisk a little of my core ILV around here, before unlocks, to cover my SLP investment for the long term.

[cunning perch]

well can't change the metrics of the contract now. Gotta be patient and hopefully you can withdraw soon should you wish so

[sturdy crest]

Oh crap, I'm in the same situation, works out nicely for the March unlock, means they can dump their bags and leave us chumps locked in when we planned to be unlocked before them, nice.

[hasty yacht]

Nah unlocks start end of march, until then V2 will most certainly be already live

[sturdy crest]

We'll see... the delays keep coming, seems pretty perfect to hold the V2 roll out until after the unlocks.

[hasty yacht]

That implies some malicious intent, if you think the team does stuff like that why are u invested then?

[sturdy crest]

I mean, when I invested this wasn't happening, I have no choice but be invested right now, I'm locked in. I'm not saying that I think that, but I like to be suspicious, helps to keep my from getting scammed. You can't just go blindly trusting everything someone does, especially when there's this much money involved.

[hasty yacht]

I mean if the team were scammers then you writing that in here wouldn't change anything would it ? I understand being frustrated, I'm also staked, but the team didn't plan on being hacked which is why we have to wait now until the audits are finished.

[echo hemlock]

Can I stake normally ILV with 12 month contract or not?

[cunning perch]

not now

[pliant whale]

To confirm, will the bonus/backlog ILV appear during 2-week migration window or after this window? Thanks

[cunning perch]

Probably whenever emission starts (two weeks after V2 has gone live)

[hasty yacht]

Most certainly it will be

[cunning perch]

yeah that 2-week window is for ppl to upgrade to V2 and then emission starts.

[quiet hatch]

Can we withdraw during this 2-week period, or will that also result in a loss of rewards?

[cunning perch]

Until emission starts any withdrawal results in loss of rewards.

[sturdy crest]

Looks like we won't be getting our ILV before the unlock then, not unless we want to sacrifice our rewards.

[hasty yacht]

Unlock starts 31st March not the 1st March

[limber otter]

Hiii any update on the staking?

Will the time gone with no staking now will be compensated?

[hasty yacht]

You are still getting the same rewards, but u will receive them in a lump sum once V2 is live, which should be around beginning of march.

[limber otter]

Got itt.. Thanks

[left shore]

@cunning perch will there be a catch up when staking restarts? Losing precious stakings/time atm

[cunning perch]

You are getting rewards if you are staked. They are just not compounding and later you can claim them in one go

[left shore]

Oh ok, but they dont appear in dashboard?

[cunning perch]

Yep. Just don’t withdraw if you are staked. Any withdrawal = loss of rewards

[left shore]

Ok thx

When ill have to upgrave to v2. Will i have to upgrade and pay gas for every every ILV and SLP i staked? ( i have staked SLP at 2 different times and ILV at 2 different times aswell)

[cunning perch]

Then you pay 2 gas only for 2 TX. Upgrading is pool-based, meaning you upgrade the pool(s) you have deposited in, not the number of deposits you’ve made

[left shore]

Ok thx. Same goes for rewards i guess and since they are ILV. Ill just have 2 upgrades total. ILV and SLP

[cunning perch]

You just upgrade the pools you deposited in. Each once

[left shore]

Ok thx m8.

[kindred idol]

Something I just thought of… I have yet to claim any of my rewards. Once v2 comes out, will I be able to split the rewards between sILV and ILV… or is it all or nothing?

Originally I left my rewards unclaimed so I could claim a bunch of sILV for the land sale, but now I think I’ll have too much and I’d like to claim some percentage of ILV. Is that possible?

[hasty yacht]

All at once unfortunately.

[vague sail]

How many ilv WE need to bought for stalking ?

[ember ginkgo]

There is no minimum

[fading bay]

Still everithing locked right ? no V2 live?

[gloomy gazelle]

!staking make sure you are using the correct site. See below. Never trust DMs.

[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]

V2 is not live. Correct. No new deposits. But unlocked tokens can be withdrawn.

[idle condor]

So I’m just starting to stake my ILV so how do determine which is locked contract and which is a unlocked contract

[acoustic stirrup]

Hi I just joined, I do have some ILV on my crypto.com. does it makes sense to contribute to the pool now? Cheers!

[idle condor]

Would it also make sense to start now or just wait

[acoustic stirrup]

I second that

[autumn cloak]

You have to wait since staking is offline right now. For now just hold on to your ILV

[hasty yacht]

Depends on if you can wait around 3 weeks before u are able to stake. The liquidity pool has the danger of impermanent loss but is also more stable in dollar value terms

[idle condor]

What do you mean by impermanent loss?

[gloomy gazelle]

!lp read below

[woven ibex]

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

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

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

[hasty yacht]

You need to provide 50/50 of Eth and ILV in the liqduity pool. If Illuvium now raises in dollar value more than Eth , you will have less Illuvium tokens in the pool and more Eth

[gloomy gazelle]

Also this may be helpful

#🥩〕staking message

[idle condor]

Thank you both will have to read all that tonight appreciate it

[cunning sun]

got a interesting question in relation to v2 staking. They mentioned that we would be able to unstake the 1 year contracts that we started and withdraw or just keep staked. Reason im asking is because my trezor harware wallet recently arrived and wanted to move my contracts on to there.

[paper shale]

have to wait for tokens to vest, withdrawl them, and re-stake form your hardware wallet address. There is currently no way to move a stake from 1 address to another

[next flame]

Thanks

[brisk surge]

@gloomy gazelle Spam bot is at it again 👆

[gloomy gazelle]

Yeah. We will see what happens next.

[vernal needle]

do we have a formula on how apr for staking liquidity is calculated?

[snow perch]

is there a clear date then staking v2 will lauch? im waiting for it and havent staked so far

[gloomy gazelle]

There’s a lot of things pinned. I’d recommend just using lelehals document that’s pinned in here.

[gloomy gazelle]

No dates have been shared in #📣〕announcements

[snow perch]

ok ty guess its waiting then

[hasty yacht]

Expect around beginning of march

[astral osprey]

I havent claimed in around 2 months and have some pending rewards from before accumulations stopped showing in the dashboard. Can I claim this in ILV? The website is letting me initiate the transaction but I didnt approve it. Don't want to waste gas

claiming as sILV is greyed out but the ILV button still works

[bright obsidian]

Slp burning a hole in my wallet for 2 months now! Any news on V2???

[autumn cloak]

Nope. Probably going to come sometime next month based on how far we are into February now without starting the 2 week upgrade period. Stay tuned to #📣〕announcements

[bright obsidian]

Right on, thanks

[gloomy gazelle]

I don’t think it works but It might be possible but it’s not very useful. Even if you claim/vest Those rewards would not be earning.

[astral osprey]

They would unlock faster. I'm also concerned they may not roll over so I might try and claim them before v2. Just wondering if anyone else had tried.

I did see in the announcements that a final claim before v2 isn't necessary anymore, but it doesn't say it won't work.

[gloomy gazelle]

Etherscan will show what’s been done.

[astral osprey]

True. appreciate the help. Ill probably give it a shot when gas fees go down. We'll see what happens

[gloomy gazelle]

It certainly does seem to work. https://etherscan.io/txs?a=0x25121eddf746c884dde4619b573a7b10714e2a36

[full sedge]

hey guys, I'd like to update my calculations of what my ILV staking earnings would be.
is Deraji's spreadsheet up to date ?

[gloomy gazelle]

The pinned sheet should be pretty good

[deep mantle]

Will I still get rewards after the lockup period of my pool is over?

Like I have 2 pool with same lockup period so..

[sacred cosmos]

Yes its in the announcement. You will get what you shouldve gotten during the paused period provided you didnt withdraw

[orchid cave]

do new deposits get rewards?

[feral flicker]

any update on V2 staking implementation?

[ember ginkgo]

If there was, you would be able to find it in #📣〕announcements

[hasty yacht]

Should be live around beginning of march

[strange haven]

How much ILV should one have to begin considering staking

[ember ginkgo]

That is up to you, you have to decide how much is worth the gas costs

[rotund panther]

do I need at least 1 coin for staking?

Or can I use parts for that staking thing? 🙂

[ember ginkgo]

There is no minimum

[open saddle]

Hi All, has V2 come out? i got some ILC tokens i want to Stake, when should i stake them?

[coral pike]

staking is offline until further notice please see the info in #📣〕announcements if you see no new info regarding this no more official information has been shared by the team and no specific dates have been given

[open saddle]

ok thanks man, ill keep my tokens where they are

[hasty yacht]

Goes live approximately beginning of march so keep em ready ;)

[open saddle]

excellent thanks for the update

[oblique bear]

How Many fees do I need to stake ilv?

[hasty yacht]

U mean transaction fees ? That depends on the latest gas prices. But right now u can't stake, you have to wait until V2 staking is live

[outer mauve]

good morning! any idea qhen can we unstake from the pools?

[oblique bear]

Thanks

Do you know the date?

[brisk surge]

Hi guys i have 1ilv, is it worth to stake it or i will never farm it out? 😄

[rain socket]

It is worth staking

[brisk surge]

But only 1ilv still worth?

[hasty yacht]

The transaction fee would already eat quite a lot of your staking rewards and the claims transaction fee would make it worse, so you shouldn't stake with 1 ILV. Btw you can't stake until V2 goes live somewhere around beginning of march so more Time to save up for more ILV :b

[brisk surge]

I saw at least 100-150$ just to start staking

Same thoughts!!
So is there any staking calcukator fee/reward out there? That can show at least how many ilv should i have to start stake without deficit

[urban verge]

anyway to see how much ILV am I missing till the V2 update?

[hasty yacht]

U mean the staking rewards you are gonna get for the time there were none? U could calculate what rewards u got per day before they stopped it, multiple it by the days staking was stopped and it would be approximately be the amount u gonna receive as a lump sum

[gloomy gazelle]

This pinned message shares a spreadsheet that can be used to calculate gas costs. #🥩〕staking message

This pinned message has a lot of tools for calculating rewards that can be earned. #🥩〕staking message

[short heart]

I’m wondering the same thing. If you figure it out can you share here? I want to stake as early as possible but not if the gas costs more than rewards

[gloomy gazelle]

The two posts linked above should be able to help. There’s a bunch of other things pinned in this channel as well.

[urban verge]

what date did the pause occur?

[gloomy gazelle]

January 19.

[urban verge]

i need 2 more months to be a crab, cool calculator

anyone knows the most recent APY for ILV and SLP before the pause?

[short heart]

Thx! So much good content, I’m trying to watch 2-3 clips a day to catch up

[compact talon]

how much on your opinion it starts to be worth staking?

[hasty yacht]

Tough question , but personally I would probably start staking at 10 ILV

[mild pewter]

Guys, hello!
Does anyone know, how much sILV I would get if I stake 2 ILV for 1 year? Will I get em immideately, or they will be gathering all over the time? And how much?

[old mantle]

May I know when will the V2 launch? Been waiting for almost a month aldy…

And also would like to know if I stake with the ILV pool, how will the interests be distributed?

By monthly or daily?

And can I compound my collected interests immediately and how? Thanks!

[rancid plover]

@urban verge I think it was around 34ish for ILV and 320ish for SLP. That's at 2 weight.

[hollow trail]

the staking-v2 tab mentions bonus rewards, can you tell me how big that'll be percentage-wise

[hasty yacht]

It will be the same rewards you would have got if staking didn't stop

[hollow trail]

ok

[brisk surge]

at the moment i have only 2 ILV so i just pospond staking and farm some more

[hasty yacht]

Good choice, can't stake now anyways

[fathom whale]

Anyone know the timeline for V2 staking to release?

[ember ginkgo]

If everything goes right, probably end of the month

[keen tendon]

End of Feb/Early March

[gloomy gazelle]

The APY is variable so it’s mostly guesses at the best possibilities. Last we knew the APY on ILV only staking was around 30%

Watching the second half of the video may be a little helpful. Or watching another video breakdown of staking.

[woven ibex]

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

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

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

[gloomy gazelle]

!claim

[woven ibex]

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

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

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

[gloomy gazelle]

This message has a helpful tool. #🥩〕staking message

[keen tendon]

Is there open sILV pools currently on 3rd party DEXs (sushi/uni/etc)?

[gloomy gazelle]

The sILV token that is available right now is NOT going to be worth anything. There will be a new token with a new contract out later. We need to wait for that.

[keen tendon]

Okay, thank you!

[buoyant zenith]

Wen v2 🥩

[somber ice]

How to upgrade to V2?

[autumn cloak]

Not possible yet. There will be a 2 week period where you will have to upgrade to receive your missed out on rewards

[vital kayak]

Just sitting here staring at my unstaked ILV 🥺

[somber ice]

Thank you. Just wait or need to operate?

[autumn cloak]

Wait for now. When the upgrade period comes you will have to do it manually

[delicate plaza]

I'm glad I ended up staking mine end of December. Was sitting on it for 3 weeks already at that point as the general consensus was wait till V2 which was "soon"

[gloomy gazelle]

Yeah sILV hack messed things up. But the vulnerability gets fixed now at least.

[sacred cosmos]

Im trying to imagine how much ILV ill sudden get after the pause. Wonder if it would be enough for me to be a 🦀

[autumn cloak]

Sigh. I'll definitely still be a shrimp lol

[delicate plaza]

Yea better now then on game launch.

[gloomy gazelle]

I really want @steady trellis to pull some data and see what the roi during this pause might look like. SLP will be interesting for sure.

[gloomy gazelle]

Or mid land sale.

[delicate plaza]

I'm just torn now because i'll have a whole heaps of rewards to claim and the land sale might shortly be after we can finally claim them. I'd like to get a couple sILV to use for this but definitely not all the rewards stacked up

So will have to choose between having sILV for land sale but having way more than I need (only want a T1), or not having enough and having lots of ILV

[gloomy gazelle]

We were previously able to claim from either the ILV only rewards or the SLP rewards. And THAT will still be doable I’m sure. They won’t be reducing functionality. Maybe even a mix of some kind but I’m not sure.

[delicate plaza]

Pretty much all my rewards will be coming from SLP - I only joined staking november sadly

[gloomy gazelle]

Well at least you knew enough to go SLP. I was a noob still back in June and was too scared of my lack of understanding to provide liquidity with my entire bag. Only like 1/10 of it.

[delicate plaza]

Did you lock most of it up in the normal pool? Oh my

[gloomy gazelle]

https://tenor.com/view/rent-steal-stealing-taking-all-my-money-pay-check-gif-5726624

[candid dove]

If you stake SLP, are the rewards paid as ILV/ sILV still?

[gloomy gazelle]

I had not yet ascended to my new status as All knowing mod.

[gloomy gazelle]

!claim yes

[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]

!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

[candid dove]

Ok cool thanks. Im planning to stake when it’s open again, just wasn’t sure whether to go ILV or SLP

[olive relic]

Is it not open at all times? I thought providing and removing LP had no limits, just staking that had lock periods?

I’m currently sat on some ILV waiting for V2 as I don’t think staking on V1 is worth gas right now as I’ll have to move it soon

When staking V2 launches do you think there will be new LP options that launch alongside it or just updates to existing options at Sushi?

[candid dove]

From my understanding staking is unavailable currently and will be available again when V2 launches.

[autumn cloak]

The staking updates are just updates to the staking contracts to make them more gas efficient as well as introduce a few new things that the community wanted. You can still provide liquidity on sushi right now, you just can't stake it right now since all staking activities are paused until the release of V2

[olive relic]

Sorry for any confusion, I wasn’t talking about staking, I know that, I was talking about providing liquidity when I said it was still open, as the other reply has also confirmed 👍

[steady trellis]

👌🏻 so if I use 21st January as start, and if I use the 15th February as migration. If I’m not mistaken rewards won’t show up during the migration also. And let’s say 2 weeks of migration. So rewards will be visible on the 1st of March. That’s 40 days.

I’ve a calculation for 1.5 months so let’s assume that even if we are 5 days wrong on this. At least a little margin of security if v2 is delayed again a few days.

So for 1.5months starting 21st jan

• 1 ILV staked = 0.03419 ilv rewards
• 1 SLP staked = 1.8885 ilv rewards

Now, as the rewards will be calculated using the day of réactivation “snapshot”, ever unstaking have some positive feedback effect - meaning all this unstaked will apply on rewards from the stop date - hope my logic is the final one and make sense - there will be a little increase for everyone … will try to see if it’s notable or not And repost that

• seems very small impact, not much bonus rewards appear in my simulation :
• ilv : 0.03447 ilv
• SLP : 1.8927 ilv

[vital kayak]

Well, I figure you could amortize at an average of 310% APY daily given previous recent fluctuations

[sacred cosmos]

Too much math. Head hurts. ugh.

[vital kayak]

I’d say if you earn 10 ILV a week before, bet on about 8 ILV a week since January 20th.

[sacred cosmos]

this the only thing im looking forward to once V2 is being deployed. Being able to finally see how much more ILV I got lol.

[gloomy gazelle]

Thanks for swinging by and sharing some numbers.

[steady trellis]

Seems the additional rewards due to unstaking are going to be very very small 😦
I’ve edited my message.

[gloomy gazelle]

Mmm has there really been that few withdrawals? Because any NEW deposits during that timeframe would not counterbalance any withdrawals.

[delicate plaza]

Thanks for this mate that's a big help!

[junior nacelle]

Hello all! Does anyone know how we will be able to know when staking v2 comes out? Should we put on alert notifications for a discord channel? The announcement channel maybe? Thanks!

[gloomy gazelle]

When it’s out it I’m just about certain it will get @ everyone pinged in #📣〕announcements They do stuff like that for big announcements

!lp @median basin read below.

[woven ibex]

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

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

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

[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

[junior nacelle]

Ah ok, thanks so much

[final needle]

Hmmm

Decisions decisions on when staking comes back up.

ILV staking or go for the Sushi pool. Plan on getting anywhere from 100-200 ILV.

[gloomy gazelle]

SLP apy is gonna be about 10x the apy for single asset staking.

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

[gloomy gazelle]

This

[final needle]

Tough one, as both ETH and ILV aren’t exactly “stable”

[gloomy gazelle]

300% though… well it won’t be that forever… so you are right. Higher risk higher reward.

[final needle]

The second I stake, the second ETH runs to 5k guaranteed

I’ll let everyone know when that is so they can prepare their bags accordingly

[gloomy gazelle]

Are you seriously worried about eth outperforming ILV?

[steady trellis]

Will impact rewards :

Reward decrease

• 714 ilv staked
• 39 SLP staked
• 8957 ilv claimed
• 2.8 ilv claimed from flash

Rewards increase

• 15707 ilv unstaked
• 3031 SLP unstaked

So I suppose overall on ilv the rewards claim are cancelling the ilv unstaked. But SLP see a 3000 unstaked. Not sure why it’s so little impact …

[gloomy gazelle]

It wouldn’t make a negative difference for the pause period though. Only stakers that have been in from before the pause will get any of the rewards to be earned during the pause.

[steady trellis]

Not negative, but not a big bump. Claimed rewards will have a retroactive effect and is cancelling the unstaking one. SLP is a 3% decrease..my simulation do not account also for staking/unstaking from now until the activation of rewards … 3-4 more weeks can create a bigger gap in the end 🤷🏻‍♂️

But maybe the reality will be a bit different than what I assumed. For example I didn’t know the rewards of people staking won’t have any rewards during the pause.

[final needle]

Perhaps I read the impermanent loss FAQ incorrectly then. I guess if both, for instance, increase in value while there will be some difference percentage wise in their increase, the loss won’t be huge.

[gloomy gazelle]

Even claimed rewards won’t be earning if they were claimed during the pause.

[gloomy gazelle]

This tool could interest you. #🥩〕staking message

You can use it to calculate impermanent loss by inputing starting and ending values.

[steady trellis]

That’s a very long month and a half stopping the rewards seen like that 😓

[final needle]

Wildly helpful, thank you. So it would take some absolutely massive swings either way for anything to really happen.

[gloomy gazelle]

This tool shows historical IL in the eth/ILV pool. It’s a thing from sushi. #🥩〕staking message

[gloomy gazelle]

Yeah it’s a tricky time. That’s why I called should in. lol

[steady trellis]

Well at least now you can share some simulated numbers with people worried …

[final needle]

Again, thanks a ton.

[gloomy gazelle]

There’s a bunch of great things pinned in here. Some from awhile back.

[final needle]

Just deciding on when to buy ILV now. I’ve cashed out on all my NFT projects over the most recent boom and I’m ready to invest in something a bit more serious (also challenger player in TFT so I’m an auto battler fanatic)

[gloomy gazelle]

Noice.

I’ve only really played TFT on mobile. And I’m not good.

[delicate plaza]

What additional rewards? I thought there were no extra rewards other than the ones we should have got already if they hadn't paused staking (granted you don't unstake)

[gloomy gazelle]

Yeah thank you.

[gloomy gazelle]

Yeah. But technically if staking hadn’t been paused then claimed tokens and new deposits would have ALSO been able to earn. AND those that unstaked would have earned something for their time in as well.

So it’s like a snapshot was taken and only those staked tokens are eligible to earn. And as more tokens are unstaked we that remain get a little bit of a “bonus”. And that rate can’t get lower. Because no new deposits are eligible.

[delicate plaza]

Ah that makes sense. Guess we get to reap the rewards of the last few months of good APY staking before the seed investors come in and ruin our fun haha

[gloomy gazelle]

Lol. Don’t make me cry.

[delicate plaza]

I felt like my dreams were crushed when I was using the pinned calculator and saw what my potential ILV staking rewards coule be after a few years, only to realize that didn't factor in token unlocks getting added to the apy pool 😅 my dreams of leaving the fiat mines gone

[gloomy gazelle]

ROI like THIS for 3 years is too awesome! Really it is too good to be true.

[delicate plaza]

Will just have to dedicate my life to the game and go for the eSports prize money I guess. Seems like the only sensible thing to do now.

[nimble forge]

Any update about v2 staking?

[gloomy gazelle]

No. Any official update will be posted in #📣〕announcements

[celest ingot]

Are we going to get compensated for all the time we haven’t been receiving staking rewards ?

[cunning perch]

if you are staked, you are receiving rewards, but it doesn't show in the UI

[celest ingot]

Ok cool so we are actually receiving all the rewards for the LP it’s just not showing until staking v2 is complete ?

[cunning perch]

yes. If you withdraw any unlocked deposit, you'll lose all the rewards you should have received in the halt

[celest ingot]

Ok thanks 👍🏻 and the APY is currently up to date on the site or no?

[cunning perch]

I wouldn't check the website now. Nothing is accurate, it's all behind the scene

[celest ingot]

Ok what is the current base LP APY?

[cunning perch]

no idea. Haven't checked it. and it should show 0 on the website

[celest ingot]

And how ago did the staking rewards stop showing on the UI? It’s been quite a while right?

[cunning perch]

begining of 2022

[celest ingot]

Ok thanks bud 👍🏻

[tough haven]

hey guys. if i stake for 90 days. are the rewards still locked for 1 year?

[cunning perch]

yes.

[final steppe]

Rewards claimed in the form of ILV tokens will be locked for 1 year (vesting in the ILV core pool and compounding your rewards).

Rewards claimed as sILV (v2) will be received to the wallet immediately as that can be spent in-game instead of spending ETH… once the game is live, of course)

[errant crown]

will it cost gas to migrate over to v2

[tough haven]

thank u for the answer. so if i stake lets say i stake 10 ilv and got reward 1ilv. this 1 ilv is locked for one year but the next reward is calculated from 11 ilv. (so 1.1ILV next reward)
and will there be a new silv pool on pancake/uniswap?

[cunning perch]

both upgrading and migration cost gas yes

[final steppe]

The concept is correct for the most part!

If you have 10 ILV staked and you claim 1 ILV reward, your rewards will then start accumulating based on you having 11 ILV staked instead of 10, like you were saying 🙂

What the next reward will be and when is unknown since the APY is constantly changing over time

[grizzled salmon]

will it be even worth upgrading and migrating 0.6 ilv versus the gas cost?

[cunning perch]

upgrading you must if you want rewards. Migrating, optional when your tokens are unlocked.

[tough haven]

ok but if i claim the 1 ILV it will only locked for 1 year after claim date. and the accumulating is like a bonus

[grizzled salmon]

ok so i dont need to care about migrating because they are locked anyway .... what is the benefit of migrating after updating?

[cunning perch]

even better gas options. That's it for now. Unless something else is added

[grizzled salmon]

lets say you claimed 10 times and all rewards are about 0.4 - 1.3 each ... wont it be better to wait for them to unlock ... collect all and then restake them all in one transaction? would safe alot of guess with all this upgrading/migrating right?

[cunning perch]

claiming won't matter to upgrade. you upgrade the pools you have DEPOSITED in only once. So, it's min 1 and max 2 times in total

Migrating is different as you will be forced to claim rewards as well

[final steppe]

Correct. The 1 ILV you claimed will be locked for 1 year, but during that time it’s vested/staked in the ILV core pool, also earning whatever the APY is during that time 🙂

Once the 1 year lock period is complete, you can either withdraw that 1 ILV or leave it, as it will continue to be staked earning yield rewards but ALSO earning revenue distributions. Don’t forget about that!

[tough haven]

perfect. now i understand. thank u sir

[grizzled salmon]

and the pools are flexiable and Locked for a period?

[cunning perch]

what do you mean?

[tough haven]

ok sry. last question. if i dont claim i dont get the stake bonus/ revenue

[cunning perch]

stake bonus....if you mean the rewards you were supposed to get during the halt, your deposited stakes get it not pending rewards. the rewards will be added to the pending sectiuon when emission starts and then you can claim them to start compounding.

[tough haven]

thx

[grizzled salmon]

could you explain this further ? i think i understood it wrong with the pools you metioned

[cunning perch]

read this #🥩〕staking message

[tough haven]

is there a benefit if u stake in the normal pool and not in the 300% pool? u have much more profit in the other pool.

[cunning perch]

ILV pool will get more RevDis since it's only ILV there. SLP will get half RevDis since it has less ILV. Though it's receiving more rewards. depending on your stake, either/neither/both can be profitable

[tough haven]

yes but its the same thing like in the ILV pool. if u claim the much higher rewards u will get refdis from claimed rewards too? because rewards are in ILV or?

[hasty yacht]

Yes your claimed ILV rewards will also be rev dis eligible

[tough haven]

Ok. And will the Revids getting locked?

[cunning perch]

RevDis is unlocked

[hasty yacht]

Nope rev dis is not locked

[grizzled salmon]

thanks ... questions answered!

[cunning perch]

No problem 🙂

[coral pike]

you keep proving how legendary you are

[hot lynx]

Gas ⛽ is cheap .. shame I can't use it 🤣

[cunning perch]

thx buddy 🙂

[old mantle]

So everyone is staking in the 300% uniswap pool, but not the ILV pool right? Coz the game hasn’t launched yet and no revenue distribution will be given now? @cunning perch

Anyone can answer my question 🙏🏻

Would like to know which pool to be better staked with if Im planning to stake for 1 year~~

[cunning perch]

not that simple. Many are fully in ILV pool. I'm fully in ILV pool but I joined in July

many are fully in SLP and joined in July and have got lots of rewards and have undergone massive IL as well

but their rewards have compensated their loss

so they get even more RevDis now

[final steppe]

All depends on your financial goals. Like Arash said, both pools have plenty of people staked in them 😄

The ETH/ILV pool has more risk due to putting in two tokens and incurring Impermanent Loss…. But as a result, you’ll see higher returns. Be sure to understand what impermanent loss is to help you make your decision.

Then of course, keep in mind gas fees! You’ll need to pay a gas fee (in ETH) for every claim transaction you do. So it’s best to try and calculate your returns so you find good times to claim and not lose all of your profits to gas fees

[old mantle]

Thanks guys

[crystal plover]

I would assume that SLP also get some rev dis, cause it’s half ILV - but not entirely sure.
Can anyone help?

[brisk surge]

in SLP it would just be that amount of ILV in the SLP pair

[crystal plover]

Thanks, as I thought it would be.

[past falcon]

@cunning perch I have a question that may have been answered before.
If I've staked on V1 and want to stake again after upgrading to V2, can I then use a different wallet for it.
I would then have an old wallet with which I initially staked and a new wallet with which I would stake from now on.

[hasty yacht]

Of course that's possible

[cunning perch]

Hey. Well no. If you connect another wallet it shows another address. Now when you migrate your unlocked tokens, u can start staking with that wallet.

You can always stake with different wallets but they will have to run their own course and won't add to the current compounding rewards your wallet is receivng

For example, you have 1 ILV in one wallet and 1 in another. You can stake using both of them. They will have different addresses and will act separately

Now when you migrate all into one wallet, well ofc you can start staking/claiming using the same wallet

[past falcon]

Yes, that's pretty much what I thought. But as long as the staking rewards are linear, it doesn't really matter how many wallets the total amount is divided into.
The only problem is claiming the rewards, because then even more gas fees have to be paid.

[craggy linden]

i have a question guys. please enlighten me. :)
when staking v2 is up. do i need to do anything with my Staked ILV in v1 or just leave it as it is.
i had mine in maximum time 12months locked. so yeah i just need to know so my 5 ILV will have maximum potential gains

[cunning perch]

Yep. Well gas wouldn't be that of an issue with V2 and later V3. Besides your rewards will pay you for it

[cunning perch]

Gotta upgrade it if it's locked

[dense oracle]

Any news on V2 launch date?

[craggy linden]

will illivium release step by step on the process in needs to take?
i do hope so. because i have no idea what I need to do when v2 is up.

side question thou :) in v2 gas fees will ne much lower??

[cunning perch]

not yet

[cunning perch]

even if they don't I myself will make a tutorial video for it.

MUCH lower, no I don't think so. But it will be more friendly

[craggy linden]

thankyou so much for the info 😁
time to hunker down

[dense oracle]

I just looked at what that might cost be as of today it could be close to 12 ILV or sILV or $8,400 at current value. So make sure what you are leaving if you do ne restake.

[long shadow]

is there any news on the v2 and staking I'm itching to offload my SLP it's been in my bag for a bit I could have used it to play the market, but with my luck, it's probs best its stayed there as is. lol

[slim coyote]

Hello to everyone, there is a tutorial for staking? Can i stake directly from crypto.com or i have to use metamask?

[gloomy gazelle]

!staking you do need to use a true defi wallet like metamask. Do not trust DMs. Don’t even consider the celo wallet scam. Tutorial 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

[gloomy gazelle]

Sorry. No news. V2 news will be in #📣〕announcements first.

[slim coyote]

Thanks. Can i stake now? Or i have to wait for the V2?

[fickle whale]

I did that

[gloomy gazelle]

You should wait to v2. Since you would not earn anything at this point and would then have to pay for gas again to upgrade.

[bright plaza]

Is v2 staking is out and does ppl already switched to v2 from v1 staking?

Im still locked in v1 with 0% APY i dont know wat to do i haven't even claimed my rewards nor ilv neither silv

[slim coyote]

Ok, Thanks... I had guessed it but I wanted confirmation. I will wait...

[neon wraith]

When does v2 staking start?

[hasty yacht]

In around 3 weeks approximately

[kindred idol]

You’re still earning the APY behind the scenes if you’re staked in v1. It’ll all get updated once v2 is ready I believe.

[opaque anchor]

Hey guys, I'm looking to play and earn when Illuvium is out, I understand you'd need sILV for ingame purchases etc. So should I stake my ILV, or I need to keep it to play the game itself?

[ember ginkgo]

For ingame purchases you can also use ETH if you want. ILV cannot be used ingame. If you stake it, you can claim sILV as staking reward and use this ingame if you want.

[long shadow]

With about ......... ilv a day you should be able to make a round tip? Fill in the blanks lol

[ember basalt]

hey everyone, can we still claim/vest ilv during this transition period?

[hasty yacht]

No not right now, but u will be able to in approximately 3 weeks when V2 staking goes live. You will also receive the rewards you didn't gain during this pause in a lump sum to claim.

[glad musk]

Was rereading a bunch of Medium content. Wow, I didn't realize the sILV hack was like 5 weeks ago. Time is weird. I don't get to see my rewards accumulating, but I know around how many there should be now, and I did a happy dance lol.

[ember basalt]

thanks

[gloomy gazelle]

!lp

[woven ibex]

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

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

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

[gloomy gazelle]

!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

[tacit vigil]

when we can withdraw our stacks?

[gloomy gazelle]

You can now. But you’d miss out on the rewards you could have earned during this pause.

[tacit vigil]

when pause end?

[gloomy gazelle]

When the v2 staking contract is fully audited and starts to roll out. There will be #📣〕announcements

[tacit vigil]

so my stacking keep getting rewards right now?

[gloomy gazelle]

Yeah

[tacit vigil]

Cool, thanks

[agile fiber]

@cunning perch sorry for the tag, but think I heard this from you or another mod and wanted to confirm.
Is someone able to do a new stake in either pool right now?
Like a new wallet address that has never staked in ILV pool or SLP pool, can they do a brand new stake while its currently paused?

[cunning perch]

Hey. No. Staking is not operational atm. It will be two weeks after V2 has been initiated

[agile fiber]

Okay, that I know, just thought I had heard that but apparently I am wrong.
Thanks for confirming, appreciate it.

[cunning perch]

anytime my friend 🙂

[gloomy gazelle]

On the blockchain it’s technically possible. But it’s still completely useless to do. Since It won’t get counted for earning.

[agile fiber]

Maybe this is what I remember people talking about.
You can, but no point.
Very frustrating not being able to buy during this dip.
Hope v2 comes out like yesterday already

[gloomy gazelle]

You can buy. Just not stake.

[split locust]

any chance theyll allow staking of the nfts as well?

[agile fiber]

Polemos is looking at doing that. You can check out their discord if you wanted more info.
Don't think Illuvium will ever do that.

[hasty yacht]

@plush nebula staking is paused right now, but u will get the rewards you would have got in the pause as a lump sum to claim once V2 staking is live in approximately 3 weeks

[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.

[lean edge]

Hey Guys, If I was staked in v1 protocol, when v2 launches will my rewards vest for 12 months or 24 months?

If I was to restake more ILV that is

[gloomy gazelle]

Vesting rewards will need to finish out their 12 month period.

[gloomy gazelle]

Rewards earned from new deposits in v2 would work the same way. 12 month locked vesting period.

!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.

[lean edge]

Ty sir

[floral widget]

Isn't v2 imitated like 3 weeks ago?

[finite leaf]

gawd i want to stake so hard

[vital kayak]

Yeah read Polemos white paper for some info on that 🙏🏻

[pliant whale]

I'm not dancing until I see the new V2 sILV and bonus/backlogged ILV in my wallet... Then will dance hard core 🕺

[onyx tide]

so we get staking rewards when staking is back up for the period it was down right?

[long moss]

what can be withdrawn? ive got locked sushi LP tokens and locked vested rewards that werent due to unlock til october at least. u saying i can pull these now if i needed?

[gloomy gazelle]

No no. Locked deposits and locked vesting rewards can NOT be withdrawn. They are LOCKED. But unlocked tokens can be.

[gloomy gazelle]

Yeah that’s the idea.

[long moss]

didnt think so, thanks for the clarification

[gloomy gazelle]

Thanks for asking!

[opal ice]

When wil stacking start..approx time

[autumn cloak]

Early next month? Hard to approximate since audits aren't done yet. Could be a while still if the audits bring up issues to fix in the contracts

[opal ice]

From 1900 usd to 550 usd.m

[opal ice]

But every audit has a timeframe within which they need to issue a report or highlight the discrepancies..it shd nt be an open timeline..its a responsibility fr all to adhere to such parameters..

[autumn cloak]

The team wants to make sure it is done correctly, so it will take however long it takes. They aren't rushing anything. I think they are doing 4 separate audits for these contracts. We just have to be patient

[opal ice]

What percentage has been completed yet?

[autumn cloak]

Not known to the public. No need for the team to give us those details. It will be done when it is done

[mint cave]

audits also need to have highlighted issues fixed....it's not a "set a date and it's done" sort of thing

[opal ice]

But a white paper/ update status shd be given to public regarding progress made..otherwise we are totally in dark..not knowing wht is happening..maybe the details are not revealed but some thing shd come out..

[mint cave]

this project is the most transparent one i've ever been a part of

the complaints are really a reach

[opal ice]

The council should update abt it..i strongly feel its the need of hour..

[mint cave]

that is not the responsibility of the council

[autumn cloak]

Trust that the team will do what needs to be done as they always have. No need to update the community on every little part of the audit process

[opal ice]

If its so transparent they should come out with some announcement..and its not a little part..if stacking has stopped ..its serious.

[mint cave]

#📣〕announcements message

• search messages from:Aaron

read pins, etc.

they've been very transparent

[main spruce]

rewards are still being compounded during this time correct ?

[coral pike]

No there is no compounding . #💬〕general message

also how much you receive will depend on if you have made a withdraw beforeV2 starts to quote the announcement by Aaron:

" You are free to withdraw any flexible or unlocked deposits. If you do withdraw during this pause between V1 and V2 going live, you will be able to claim your existing pending rewards during the withdrawal step. However, you will not be eligible to claim the additional rewards that make up for us halting emissions. These are only for those that do not withdraw before v2 is live"

Also there is no exact date for when t his will complete the team will give an update when they have more information . Please check #📣〕announcements for more information if there is no new announcements there is no new information please be patience

[main spruce]

All my silp (eth +ilv) is locked for 1 year

Those rewards are being added that’s what it states on the website ?

[gloomy gazelle]

It says …

What will happen to my rewards?

Your rewards will continue to be accumulated if you remain staked. Once the Upgrade Phase is launched, eligible users will be able to claim bonus rewards added to the V1 pending rewards when they upgrade to V2, based on their own balances, to account for the gap in rewards whilst Staking V2 is launched.

Unclaimed rewards aren’t earning anything. So they aren’t compounding.

https://staking.illuvium.io/staking-v2

!claim and when you claim rewards from SLP pool it locks those rewards in the ILV only pool.

[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.

[main spruce]

Yes I understand, so the ilv that I was being rewarded each day due to the ilv + eth I staked will not be accounted for during this stoppage correct ?

[hollow widget]

Any idea on how many transactions it takes to migrate the following to v2?

1. ilv staking
2. slp staking
3. ilv rewards
4. slp rewards

And if ilv and slp are already unlocked, do we need to relock tokens during migration?

[gloomy gazelle]

So if you have rewards in the pending rewards they aren’t and never were earning anything. They never will be earning until you claim then. You must claim/vest them first. Your deposits and claimed ILV rewards that from before the pause are earning. But not compounding. Just simple earning. That should be received after the v2 staking launches.

[gloomy gazelle]

No need to relock. They can remain staked and hold their weight even when upgraded to v2 staking.

[main spruce]

Yes so my stake is still giving me ilv per day as it was before @ the rate of 325 % approx ??

[gloomy gazelle]

How many transactions I’m not sure. Try watching this pinned video. #🥩〕staking message

[gloomy gazelle]

Yeah

[main spruce]

okay thanks for the clarity

I don’t want all that locked stake doing nothing, now I’m at ease thank you

[gloomy gazelle]

@nimble cypress Check this calculation I’m replying to.

[fair jackal]

estimated when v2 launch guy ?

[hazy token]

everyone waiting. This may be the most commonly asked question on the server right now 😆 .

[fair jackal]

hey guy if i revoke my staking contract ...it will be loss all my staking permanently ?

[sacred cosmos]

If you withdraw your unlocked deposit, you will forfeit the yield you wouldve gotten during the pause period. However, those already earned as a reward can still be claimed.

[cunning perch]

Nope. When it is initiated it will be announced and the two week halt begins. After that, emission starts

[fading bay]

Hi, just a quick question: rewards are paused and iy's a bit that my progression in rewards page is stucked: when V2 will be live i will see an update to the point my rewards should be ? thank you

[cunning perch]

Hey. Every staked token is receiving Rewards in tv background and you can see it when emission starts. It will be added to your “pending rewards” to be claimed

[knotty heron]

Man im keen to see how much ILV in rewards i have to claim by the time staking is back up, gonna be juicy.

[hasty yacht]

Really juiceey !

[ember ginkgo]

I'm also ready to claim my 0.001 ILV

[cunning perch]

elenevteen hundret 🙂

[knotty heron]

Every decimal of ILV will count in the long run mate!

[knotty heron]

You have 1100 ilv in rewards Mr Arash? Is that what you are implying? xD If so congratulations my man thats incredible!

[cunning perch]

1100 has two zeros that I don't have 😄

[ember ginkgo]

👀

[knotty heron]

Ahh okay haha, still a sizeable rewards bag! I thought 'eleventeen hundret' = eleven hundred 1100 xD

[cunning perch]

nah I just like the word eleventeen 😄

[knotty heron]

Lives nextdoor to twelveteen 🧐

[cunning perch]

now gas is 30. when you wanna claim it's 3000

[knotty heron]

Yep... soon as V2 is up gas will be through the roof i bet

[cunning perch]

let's buy gas 😛

[knotty heron]

No because i hate gas xD We must boycott it

[lament vigil]

Might be a silly question, but what’s the likelihood of the APY percentage going up when the land sales are implemented? Am I wrong in saying the revenue is supposed to be distributed to stakers?

[cunning perch]

APY going up? it usually goes down as ppl stake their tokens and reward distribution drops 3% every 2 weeks. Rev will be distributed to stakers based on the number of the tokens they have staked and their weight and has nothiong to do with Yield and APY

[lament vigil]

Easy, thanks for explaining!

[cunning perch]

you are most welcome

[lament vigil]

Does that mean in other words as a staker, we will get a small amount of return from land sales on top of the return we get from staking? Apologies if these questions seem simple.. I’m not real privvy on crypto staking!

[cunning perch]

Hmm, well land sale has nothing to do with Yield if that's what you are asking. Land sale will generate Revenue Distribution and that revenue will go to stakers based on the number of tokens they have staked and their weight.

[lament vigil]

Yeah that’s what I’m asking I guess. So seperate to our yield, we will get a return from land sale as someone who has tokens staked (amount dependent on how much staked and weight as you said)?

[cunning perch]

any purchase with ETH will generate revenue. That ETH will be used (all of it) to buy back ILV from the market (like Sushi) and then distribute it back to anyone who has ILV staked (SLP will also receive it, but the ILV part of it, not ETH part). This is not just a specific feature of land sale. Any ETH sopent anywhere in the ecosystem acts the same

[lament vigil]

Okay cool, thanks for taking the time to explain. Take care!

[cunning perch]

anytime 🙂

[hot lynx]

Hi mate this reminds me of the good old ⛽ days

45 Gwei ... Amazing to see again ... Pre merge ETH 2

[hasty yacht]

I wish we could see the below 20 gwei gas price again, that's real nostalgia for me

[hot lynx]

Sure if course .. I am only taking about the past 18 mths .. me and @cunning perch used to do a prime low gas alert to claim our SLP ILV 👍🏻

[hasty yacht]

One year ago the gas price was still often below 20 gwei 😭

[hot lynx]

Ye it's the X effect when doing SLP staking claims .. that's make it a $120 gas total combined vs $580 👀

[cunning perch]

Yep 🙂

[jovial moat]

Yes bring back the good old days for gas..🙏

[hot lynx]

ETH 2 - L222

[hasty yacht]

I think we I'll be happy when V2 staking is live ;)

[hot lynx]

Yes the end of March will be interesting with V2 and the massive token unlock

[hasty yacht]

Tbh I'm more excited about V2 staking 😅😅

[hot lynx]

Ok 👀

[hasty yacht]

I hope the token unlock won't let my portfolio bleed too much

[hot lynx]

1.5 million tokens DYOR 👍🏻

GN

[hasty yacht]

Not 1.5 million in the time frame from unlock to open beta release, once the beta is out there will be a lot new money

[hot lynx]

Good luck my friends take care 👍🏻 @cunning perch

[hasty yacht]

Yup until march 2023, if you think the game release won't attract new investors with that rev dis then I cant help u lol

[hot lynx]

From March 22

I don't need your help or help
I am an OG

[hasty yacht]

There will be like 160k tokens unlocked per month, yes they may bring the price down between unlock and open beta release , but when there's open beta release there will be many new investors on the sidelines gladly taking the seed pre seed tokens

[hot lynx]

GN I provide what I provide take care

[hasty yacht]

U didn't provide anything besides that tokens will unlock. What's your estimate what will happen then ?

[hot lynx]

Seems you can't be helped by me
Good luck 🤞

[hasty yacht]

Thanks for the non discussion lol. Good night

[hot lynx]

Your discussion was great lol gn

[hasty yacht]

Yup felt more like a monologue lol

[hot lynx]

Speak your view on token price and staking 👀 go ahead we are all listening to you 🙉

[hasty yacht]

Nah I did already , I'm waiting on yours:)

[hot lynx]

👀

[midnight belfry]

is anyone able to claim rewards atm?

[hasty yacht]

No, staking was paused. You will be able to claim rewards again once V2 staking is live in approximately 3 weeks. You will then also receive the rewards you would have got since the stop in a lump sum to claim, so you are in for a suprise ;)

[slender ginkgo]

How do you know it is in approximately 3 weeks

[hasty yacht]

Only one audit left to finish and there will be an activation period of 2 weeks, so I believe 1 week max until the last audit is finished + 2 week activation period

[civic dove]

Is there anywhere else you can currently stake ILV until V2 is up? Rewards just ended at entrdao and am looking for somewhere to deploy my ILV.

[cunning perch]

staking is not possible atm. Gotta hold on to them and then stake when emission starts

[civic dove]

And V2 is 3 weeks out?

[cyan kraken]

still no V2?

[uneven fulcrum]

Definitely glad I got in on staking before the move to V2. Love this project just wish I was a little more knowledgeable about it.

[cunning perch]

not officially. Just numbers in general chat

[cyan kraken]

good call,, its a good place fren

[uneven fulcrum]

@cyan kraken Can't wait ti see what's in store for the future!

[fringe spade]

Hi, the currect rewards are stuck visually right?

[ember ginkgo]

Dayum

[fringe spade]

I will just wait for the staking V2, right, there is nothing else to do?

[cunning perch]

Yes you are receiving them in the background but as @ember ginkgo already mentioned, Dayum that's juicy lol 🤣

[cunning perch]

When V2 is up, upgrade. After emission starts, you can claim (2 weeks after V2 initiation)

[fringe spade]

love it thanks! Will be a tough one choosing ILV or sILV ( for land sale)

[cunning perch]

Let's first get through V2. Land is the next decision to be made 🙂

[fringe spade]

perfect thank you. 👍

[ornate cypress]

@fringe spade Jeff celcius, you are the reason I invested in slp back in August.. I am forever grateful 🙏

[sudden wagon]

I’m sure this gets asked every hour or two but what’s the latest word on V2 release time? I’m so impatient!

[fringe spade]

great to hear that! Keep up, investing is always long term 5 to 10 years

[brisk surge]

Hey I want to join the staking pool. I never did it before. Is there already something like „how to“ or could somebody help me pls. I‘m using binance as broker. So should I buy ETH on Binance, transfer it to my MetaMask and then get the necessary ILV token for the staking?

[ember ginkgo]

Why not get ILV on Binance and transfer it ?

[fringe spade]

did you try to google? there are many videos on that there.

But pretty much, you need the same amount of ETH and ILV in dollar value on your metamask. BUT keep in mind you also need extra eth for the smart contract tx fees

[grizzled axle]

I have tokens staked for a year. when V2 is released, can i claim/unstake it?

[hasty yacht]

Your locked time will stay the same, you can only claim your rewards which will be locked for 12 months. The rev dis u will receive is unlocked

[grizzled axle]

😦 want to unstake it

[fickle whale]

Dos rev dis appears for us in form of sILV?

[autumn cloak]

You can’t unstake until they unlock. So you have to wait the full year

[hasty yacht]

Well this is not visa where u can get refunded mate, the smart contract can not be reversed

[grizzled axle]

you dont say

[hasty yacht]

I mean u asked 3 minutes ago.. but u will be happy about your investment when it unlocks I'm sure ;)

[grizzled axle]

appreciate the reply! its just that the wallet that i used was hacked. and i want to transfer it to new wallet

[hasty yacht]

Aww shit sorry to hear, I think u can transfer your rewards though with v2

[craggy field]

Did you give them access to all your tokens? Or did you give them your seedphrase?

[grizzled axle]

i didnt give any seedphrase. probably a smart contract hack. i bought a hardware wallet right away after that lol

anyway, are you able to migrate to v2 with your staked tokens? or should i wait till its unlocked?

[craggy field]

Can you check your wallet on "etherscan token approvals"?
Just google that, if you approved token transactions then you just have to cancel those somehow.

[grizzled axle]

Yes. thanks already did that. went to debank at removed all approvals 😄

[craggy field]

Oh nice, then yes if your Eth doesnt get transferred away instantly there should be a way to connect your stake to a different wallet :) at leadt... thats what they said once that would possibly be a thing in V2

[grizzled axle]

hackers tried to transfer my ilv. those idiots keep sending eth to my wallet for the fees haah

Now that i think about it.. seems they had my priv keys because they can claim my rewards..

[inner badge]

Any updates on when staking V2 is scheduled to launch?

[rancid raven]

Hello! New ILV holder here and trying to wade through what's going on with staking in the protocol. Is it correct that ILV is currently going through a staking migration from v1 to v2? And if so, should I bother staking at all now or just wait until v2 is live? thx!

[hasty yacht]

Approximately in 3 weeks

[hasty yacht]

You can't stake right now, have to wait until V2 is live

[rancid raven]

Thanks Cheese, will check back in 3 weeks

[hasty yacht]

Oh shit if they have your private keys you might be fucked, maybe when V2 is live u can transfer your rewards + rev dis to a new addres at least, such a feature was discussed but I'm not sure

[hasty yacht]

Yup just keep checking the channel #📣〕announcements once in a while, all the important stuff like V2 will get announced there

[grizzled axle]

To be honest i consider it gone. but still trying to save it lol. what is rev dis btw?

[rancid raven]

Perfect, thanks for the heads up

[hasty yacht]

Revenue distribution, Illuvium will distribute 100% of its revenue to ILV token holders who are staked. Illuvium itself has a treasury of 1.5 million tokens , so will receive 15% of the revenue.

[grizzled axle]

wow

[hasty yacht]

If Illuvium did the same revenue like axie did in August, which were $360 million then you would receive $50 per staked ILV token per month (calculated with 7 million rev dis eligible tokens, since not every of those 10 million tokens is eligible / minted yet)

[grizzled axle]

Is the 15% equally divided?

[hasty yacht]

Nono 100% is divided, but if you are not staked for 12 months then your token weight will be less than 2. Most tokens like team treasury seed pre seed tokens have token weight 2, so you would need to stake for 12 months to get to that number . I just mentioned that since the treasury has 1.5 million tokens they will get 15% of the revenue (actually more since not 10 million tokens are rev dis eligible), so that's how they can pay their employees and costs for the game

[uneven fulcrum]

Once taken goes live again pull your ILV out quick and then transfer it to a different wallet. Might get lucky. I'm honestly still surprised they can get in your wallet at this point. If you have removed the contracts. I wonder if somehow they got your seed phrase with a piece of software they planted on your PC.

[verbal heron]

https://tenor.com/view/when-wen-naru-yummi-yummi-universe-gif-23030317

[hasty yacht]

He is still locked, won't be possible

[gusty magnet]

Guys, when is the staking pool going to be fixed? I cannot add a new pool right now, can I? When is V2 going live?

[uneven fulcrum]

Should have said once the 365 hold period is up.

[hasty yacht]

You mean you can not stake right now ? V2 is going live in approximately 3 weeks

[gusty magnet]

If I want to add another ILV - WETH pool now, can I ? Will rewards roll over normally?

[hasty yacht]

Yes you can buy more SLP, but you can't stake them right now.

[hidden comet]

How do u know its going live in 3 weeks?

[hasty yacht]

I don't know it , I said approximately. Just One audit is left to be finished so about 1 week hopefully and then activation period which will be 2 weeks, so 3 weeks imo

[gusty magnet]

thanks

[elfin aspen]

If you unstake now though, you still get your rewards up until now, correct?

[gloomy gazelle]

You would still be able to get the rewards that are listed as PENDING. But not the rewards that you could receive from the time of the current PAUSE. Those aren’t listed anywhere. They will be applied retroactively once v2 launches.

[frail kestrel]

wen v2?

[brisk surge]

good evening I have a stupid question, if I stack money for 1 month I could not recover my rewards every week?

[cunning perch]

1. you cannot stake now.
2. whatever amount you stake and however long you stake it for, when you claim rewards, it will be locked for a year, unless you claim sILV and you can use it in the game or buy land/Illuivatar (in the future) with it

[brisk surge]

OK, thanks ! And what are the types of rewards that we receive after 1 year?

Just ILV ?

[cunning perch]

if you claim ILV, it will be locked for one yeat after the claim and as I mentioned, if you claim sILV, you can use it in the game or buy stuff with it. You either choose ILV or sILV each time you claim

[brisk surge]

ok, and the APY depends on whether I choose the ILV pool or the ILV/ETH pool ?

[gloomy gazelle]

Those pools do have different APY. But the apy will always be variable.

!staking

[woven ibex]

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

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

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

[gloomy gazelle]

!lp

[woven ibex]

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

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

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

[obsidian brook]

How can I view staking rewards? I downloaded Celo wallet extension but when I go to the rewards page I don't see an option to connect to Celo wallet

[gloomy gazelle]

Oh no. Don’t do the celo. That’s a scam.

If you used your keys to seed that wallet They have your keys. Secret phrase. Whatever it’s called.

Get everything out of your wallet asap.

[gloomy gazelle]

All DMs are scams

!scam

[woven ibex]

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

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

[shadow tartan]

hello, is claiming sushilp staked rewards still not functioning?

[gloomy gazelle]

Correct. The staking site is paused. Don’t trust DMs. Just read the site.

https://staking.illuvium.io/staking-v2

[tender cedar]

❤️‍🔥

@ripe steppe Love the new Video you released bro❤️‍🔥

[sand cloud]

Any news on v2? Last I heard it was in inhouse auditing?

[brisk surge]

if I stake my money for 1 year and recover my rewards at the end of the year, should I wait 1 more year to get them?

[cunning perch]

It should soon be done hopefully. Was brought up in the latest interview in Vetemor's vid

[cunning perch]

The moment you claim your rewards, they will get locked for 1 year.

[sand cloud]

Hello Arash! Long time no see o7 and yeah seemed so from the Aaron update

I've been busy working on my own NFT project 👀 and then got a skin infection 🥲

[cunning perch]

Hey M8. Well I'm talking about last nights interview with Vetemor. Watch it if you haven't yet 🙂

[cunning perch]

ah Hope you get better and GL on your project 🙂

[brisk surge]

And the claimed reward during 1year have more rewards themselves or they don't move for 1 year ??

thanks for all the answers to my questions😉

[cunning perch]

Yes they compound in the ILV pool and will have a weight of 2X generating more rewards

[cunning perch]

Anytime 🙂

[daring spear]

quick question, is it posible to claim my ILV reward from SLP pool or i need to waith for v2?

[cunning perch]

You are gonna have to wait for emission to resume. 2 weeks after V2 initiation

[daring spear]

so no?, and claim buton is awailable and it takes to to finish the proces throu metamask

[cunning perch]

Atm withdrawal is the only thing that works.

And if you do you'll lose rewards (during the halt)

[daring spear]

good thing i asked, gwi is 40..

[cunning perch]

Yep. I wouldn't do anything until further announcement. When V2 is up you'll have 2 weeks to upgrade. After that 2 weeks, you can stake and claim

[daring spear]

they should have disabled claim button

[cunning perch]

It wouldn't work even if you click on it. It will just send an error

[daring spear]

hmm it sends me to metamask to finish the proces..strange

[cunning perch]

Yeah when you confirm it should send an error. Something long and boring to read