🥩〕staking

[torpid venture]

Sweet. Was just making sure thats how it worked. Thanks!

[gloomy gazelle]

Deraji did say that. And he is quite good with the numbers. The apy is down due to the decrease in ILV price.

Thats from 300% to 200% in the eth/ILV pool

The ILV only pool will be down only a little I’d think.

[torpid venture]

Don't get my hopes up with 300%... ill donate a kidney RIGHT NOW

[paper shale]

Still trying to figure out why withdrawing from the pool negates my rewards for the last 3 months. The tokens are basically being held hostage and if i wd them i loose all my rewards for the period since staking went down? That's pretty shitty no matter how you look at it. I just want the rewards i'm owed for the time period i agreed to, which really isnt complicated. They can be sent to the same address that the tokens were staked from, and i'll deal with retrieving them. To have the team tell me "Sorry but your tokens have been sitting there for 3 months for no reason, best of luck" is a pretty shitty thing to say/do

[coral pike]

Aaron explained it in more detail here.
#💬〕general message

and here
#🥩〕staking message

If they make an exception for you they have to make an exception for others. Your situation sucks but it does not exclude you form the rules by default.

[elder dawn]

Very few people have withdrawn over this period, less than 2% for both pools. Very little impact from that.

[inland tapir]

Hey guys, who have SLP token (liquidity providers) need to do something with the stake v2?

it is just that the rewards are back?

[inland tapir]

thanks

[elder dawn]

You'll need to upgrade to continue earning rewards. If only in the slp, only one upgrade transaction

[inland tapir]

and about the rewards locked in vesting?

i thought we were able to upgrade but its just de reimbursements being deployed

[topaz raven]

so just to confirm if i understand this correctly. atm the correction for the previous staking and LP pools aer being rectified - and that is happening right now. There is also an ETH- ILV LP active currently but if i want to do single sided staking as well as staking for SILV not rewards from the LP i have to wait x amount until staking v2 is officially launched but we are super close

have i understood everything correctl;y?

[summer heath]

Great article. We can’t upgrade yet though, correct?

[woven zenith]

Will our v1 staking automatically move to v2 or do we have to "claim" the staking? I ask because I am about to be out of the country with no internet access for 19 days and would hate to lose my investment

[hot lynx]

Best check in 20 days
It's a Jan Feb Mar thing

[gloomy gazelle]

You won’t lose it. It may Miss a couple days of yield. If v2 staking rolls out while you are away you’ll be able to do the necessary upgrade transaction when you get back. But there will be a 2 week period where rewards are paused to give everyone time to upgrade. So there’s a pretty good chance you’ll be fine. But there is small a Chance you could miss that pause window by 5 days or something.

[serene crater]

soon..

[outer hull]

I’m trying to stake but the stake button is grayed out. Can I not stake until the Version 2 comes out?

[keen crest]

So claiming silv2 is available, is everyone able to migrate to v2 now and continue to stake for rewards? Is it all back up and running now?

[sonic lily]

Is staking rewards on pause?

[keen crest]

Yes

Until v2 is launched, if you staked during the pause, you will not of accrued any rewards on that stake

[sonic lily]

I staking since last year , should i do something after upgrade

[keen crest]

Not yet

You’re fine , rewards will still of accrued.

[sonic lily]

Thanks

[rugged juniper]

Any prevision on when staking 2.0 will be released?

[eager fractal]

unfortunately the only guidance is soon bud

guessing they're rolling it out in phases, so they can better tackle the issues (if any) that arises

so with silv2 out now, hopeful v2 will be out within the next week or 2, but that's just my personal opinion

[lavish dagger]

Hi guys, I'm pretty new to Illuvium and I'm trying to figure out how the Staking works. So if I didn't understood bad to stake I have to : 1-Buy the ILV "coin" and then put it in stake on their website. But can I do it now or do I have to wait until silv2 is out?

[hollow trail]

i think you have to wait

[pure eagle]

!staking ,You do have to wait a little bit for the new contracts to start staking again. sILV2 is already out

[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:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

[coral pike]

Staking is offline until further notice please this has more info on staking itself #📣〕announcements message

[lavish dagger]

thanks guys

[paper shale]

Mine as well not stake at all in the future. Nothing saying they wont shut off rewards when upgrading to V3, and the locked tokens will not be earning anything. That's what they're doing right now, everyones capital is hostage and they arent honoring the original agreement. Then they say "2 weeks" for 3 fucking months. SOME OF US CANT LEAVE THEM BE, DO SOMETHING TO RECTIFY YOUR SHITTY ARRANGEMENT

[stone turret]

hi guys, is the staking avaiable only on ETH chain? How many ILV i have to stake to make it worth despite the ETH fees?

[jaunty cairn]

get out of here with that fud lolol

[jaunty cairn]

Yes, only on the ETH chain. You can stake how ever much you want/can afford to risk. Gas fees are currently cheap as hell so any amount will be a good amount to stake imo. I just added more to the SLP pool and waiting for Staking V2 to increase my position.

[cunning perch]

You are getting rewards if staked. What’s this all about?

[cunning perch]

You just asked the same Q in 3 different channels m8

[stone turret]

sorry, no one answered me, so i asked in multiple channels

[paper shale]

When i have to withdraw my tokens in 8 days because i believe the wallet is compromised, i will not be getting my rewards for the last 3+ months.

[paper shale]

When i originally staked my tokens and invested trust in the team, i didnt know 6 months later i would be fucked out of 1/2 my yield. That's what this is about. I cannot leave them to just sit there indefinitely.

[cunning perch]

That's been said waaaay back in January “if you withdraw, you won't get rewards” and compromised wallets is really not something ILV should be held responsible. Something happened to the contract and they had to pause the rewards.

Ppl are missing the point that changing/editing an already operational contract is nearly impossible and its not like “yes you can change your wallet ezpz.”

Buddy, you are getting rewards as long as you are staked. Nothing has been truly paused. I understand your frustration since your wallet has been compromised. But, that's on you.

[paper shale]

True, but they ARE RESPONSIBLY for what "happened to their contract" creating the situation where i cannot withdraw until V2. I didnt lock my tokens for an indefinite period of time, i agreed to 6 months at a certain yield. now it's no longer 6 months, but indefinite. Yall have been saying "2 weeks" for over 3 months. So YES they are responsible for providing my yield, and they had to pivot, same as me.

[sonic saffron]

For the people that are staking now, can rewards be claimed yes or no? I'm not staking anymore just curious

[paper shale]

you're basically saying i am responsible for getting hacked, but they arent. Which is complete hypocrisy. The contract was compromised, right? they are having to fix that, i assume. I'm trying to do the same thing

[coral pike]

yes they can but everything that the person would have received during the is forfeit

[cunning perch]

The contract was hacked and they reimbursed everyone. They held their side. Anything happening to an individual's wallets is their responsibility.

[sonic saffron]

Which period of rewards would you forfeit if you claim to ILV or sILV(2) now?

[coral pike]

https://tenor.com/view/lalaine-dawn-lalaine-dawn-tv-lalaine-just-this-this-gif-17195611

[coral pike]

the silv-2 reimbursement process is completely separate

[sonic saffron]

Yes I got that, but you can claim for ILV (locked) or sILV right? But to get to the question, which period of rewards do you forfeit if you claim now?

First things first : )

[paper shale]

They paused my yield as a result of their contract getting hacked. So no, everyone hasnt been reimbursed, and will not be unless or until V2 is live. Some of us dont have unlimited time to leave the tokens in the pool, if i did i wouldnt have capped my stake period FOR 6 MONTHS

[coral pike]

Do NOT even touch your wallet if you do not want to forfeit what you would have made during the pause until the upgrade starts then only upgrade

• do not claim or withdraw anything until v2 is live

[sonic saffron]

But IF you claim now, which period of rewards do you forfeit, will that be the period since staking V1 pause?

[coral pike]

anything that is not already in your wallet

[sonic saffron]

I see, I see, so you if you withdraw stake or claim rewards now, you will forfeit all rewards since V1 pause (because of issues with sILV exploit etc etc)

[cunning perch]

Your yield has never been paused. As long as you are staked, you are getting it. You say you wanted to withdraw after 6 month. It's not like they are letting you leave empty handed. I'm not taking sides, just pointing out the facts that everythin is as before and nothing has changed except if you withdraw atm so you won't get the rewards during the halt. If you believe you have to withdraw, then feel free to do so and give up on the halt-rewards. I f not, then stay in and wait for a few more days or a couple of weeks. Your discussion regarding “everyone hasn't been reimbursed” will not get anywhere because many many many ppl are ok with what is going on atm.

[coral pike]

here is a couple more explanations form Aaron

#💬〕general message

#🥩〕staking message

[paper shale]

I'm not ok with having to withdraw my tokens and forfeit my rewards. I cannot leave them there, i dont have a choice in the matter. This is what pisses me off so much. Anyone that can use etherscan can see when i staked them, and when i withdrew them, so i shouldnt be "forfeiting" anything. It's just a unique situation, and i'm getting no help from you guys, eventhough your contract was hacked too so you'd think there would be a bit of empathy

[jaunty cairn]

this dude cant even get his ILV rewards for another year anyways, right? There is a 1 year vesting term before the earnings he made become unlocked and his initial stake is unlocked

[paper shale]

correct. Much rather have rewards locked at double weight for a yr than nothing at all. This is about that, I'm ok with them locking the rewards for a yr, i underatnd what theyre doing.

[jaunty cairn]

Right so you are just upset you cannot remove your initial investment then if I am understanding this properly

[paper shale]

correct. But i dont have a choice, if i dont withdraw them someone else will

[cunning perch]

I understand your point and that (as mentioned by @jaunty cairn ) you cannot get your rewards after one year nonetheless. I believe if your wallet hadn't been compromised you wouldn't have been having this convo atm. As I mentioned I get your frustration, but nothing can be done regarding the compromise and its not right to say “no one is being reimbursed” based on an individual predicament.

[paper shale]

That's exactly my point tho, it is a unique circumstance and it wouldnt be hard for the team to help rectify it. The fact that they dont care is unbecoming

it's just frustrating. Life will go on and i will be ok, but if i dont beat this horse to death i wont have the right to say i tried to

[cunning perch]

It's really not that unique. We have to a of ppl that have compromised wallets and nothing can be done about that and this is not just ILV. All DeFi is like this. The contract runs the show not the team. The contract says: you are locked and this is what it is and the team can just add some upgrades (like V2) to it. They care that they saved the sILV pool. They care that they even answer whenever you tag them, but no one can do anything regarding a compromised wallet and their locked/unlocked tokens.

[cunning perch]

You have the right to say whatever that is bothering you and we will help as long as we can.

[jaunty cairn]

Also, they have implemented a fix for this exact situation but it will be released when staking v2 comes around. If I recall users/investors can delegate their stake(s) to go to different wallets in the event of a compromised wallet. Correct me if I am wrong or saying that improperly

[cunning perch]

Yes. When their tokens unlock. Not compromised wallets though. Not much can be done there as more than 1 individual might have access to it.

[jaunty cairn]

This is true. So small misunderstanding on my end then

[median canyon]

It has nothing to do with empathy. There is no way for us to do what you are asking without doing it manually for every person which poses security risks of its own.

We let everyone know the circumstances so they could withdraw right away if they wanted.

[paper shale]

I understand, But i couldnt withdraw rite away the contract is locked. If i could i would have. you guys gettin hacked just added another layer to my already frustrating situation, it compounded my problem. If i could leave them there till V2 is ready, i would because i believe in and support your project 100%. It's just not an option for me under the circumstance, so where does that leave me? here trying to beg y'all to make an exemption 🙃

[median canyon]

Unfortunately we can’t. The choice has been made (and I think it was the right one).

The other option would be to shut off the rewards and make them high at the restart. But that would favour those that stake afterwards and be very unstable.

I feel for your situation but sometimes we have to make the best of a bad situation.

[paper shale]

Which is exactly what i'm trying to do, make the best of a bad situation. the many outweigh the few in regards to your decisions, i do understand that.

[median canyon]

Well we wouldn’t have Ben choosing many vs few. As I said manual calculation would be a larger security concern.

[hot lynx]

It's a tough situation since Jan Feb March and made worse by being locked. When the price has dumped 60% within this locked period.
The unknown and lack of certainity as to when it will be cleared over these past 3 months hurts. A few of us are in this situation. Take care 🙏🏻 hopefuly in March or April it will be cleared. 💜

[sonic saffron]

Hey guys, in the announcement of Aaron on 20-01-2022, he mentions: "Stakers are no longer required to make a final claim in Staking V1. Their rewards will roll over into V2. If you wish to claim these rewards as sILV v2, then you must wait until after the upgrade window."

Does that mean people can claim sILV2 only after the V2 upgrade window (of 2 weeks?) is closed?

I think my question boils down to, what is exactly meant by the upgrade window? And when can you claim sILV2, is that exactly on the day that staking v2 goes live?

[coral pike]

Yes
up grade is process where you allow the V2 contract to read a V1 contract . you can read more about it in this document

[cyan rampart]

Rewards are different than converting your existing sILV to V2, if that makes sense.

So if you want to claim your rewards as sILV V2, you need to wait until after the upgrade window.

The upgrade window is basically a grace period to get your stakes upgraded to V2. Rewards won't go live until the END of the upgrade window, that way people have sufficient time to upgrade.

The alternative to having a grace period to upgrade your stakes leads to some very imbalanced reward distribution in the first few blocks after staking goes live. Someone who upgraded in the first block that staking was live would get a disproportionate amount of rewards. That's why the upgrade period exists.

[frank aurora]

When do we expect to be able to stake to the new contract?

[sonic saffron]

Aaahhh thank you for that "why" sir, I missed that. Yes I referred to claiming rewards. So it's
Staking V2 live -> upgrade window (2 weeks likely) -> end of 2 weeks claims of sILV2 possible

[cyan rampart]

ASAP after audits are finished.

[frank aurora]

awesome news! Thank you. I bought in late December right around when the advice was to hold and wait. Super excited to stake

[sonic saffron]

Wait just to confirm, are you talking about pending rewards since pause (20-01-2022) that can be claimed after V2 upgrade window? Or just in general, rewards can be claimed after upgrade window because then staking starts again

seems both:

[cyan rampart]

My understanding was that everything will remain paused until after the Upgrade Phase (i.e. will be exactly like it is now).

I'm expecting the only functionality available to be: Upgrade to V2

[sonic saffron]

Thanks makes sense, to also not make it too complicated

[cyan rampart]

Yeah I think you run into weird edge cases doing anything more complicated. Fuck edge cases in crypto 😉

[serene crater]

so.. soon..

[grizzled kindle]

Have people made a LP pool for SILV

[coral pike]

sILV-2 Officially has a base value of $0 it does not change by itself .

sILV2 always = <market price> -ILV for in game For Offcial non fuel non player related purchase and special illuvium ecosystem sales.

You need DYOR to find any information about unofficial pools and unofficial value graphs

• sILV v2 is NOT an official investment and it was never intended to be traded or speculated.
• the only OFFICAL way to get SILV v2 is though staking rewards .
• Illuvium DAO will NOT be making an official pool for sILV V2.
• An unofficial sILV V2 pool is not guaranteed and you must DYOR to find it
• the offical sILV-2 contract can be found in 🔗│helpful-links

FYI: Trading sILV v2 will

• be unofficial
• not be supported by the DAO
• be at your own risk
• have inherent risk

[devout seal]

Hey guys when using v2 staking will it be the same sinario. 1 claim ilv and lock it for 1 year or claim silv 2? Is there anything new like claiming ilv straight to our wallets and not locked up? Cheers

[autumn cloak]

Nope same options for rewards claiming except you get sILV2 instead of sILV of course. Still a year lock at 2x weight for ILV rewards

[dreamy wedge]

Hey guys, is staking disable right now ? I don't seems to be able to stake (can't click on the stake button).

[gray narwhal]

Hi guys , can i make a SLP with WETH and ILV , its the same as ETH and ILV ???

no one ?

[devout seal]

Cool cool. Thanks bro 👍

[cunning perch]

It's probably possible. Haven't tried that personally

[polar haven]

Guys quick question, is sushi LP reward available at token unlock, after staking?

[cunning perch]

Sushi LP rewards? you mean the 0.25% that Sushi gives you?

[polar haven]

No, the one that you get when you stake by providing liquidity-- eth/ilv combo

[cunning perch]

Any rewards claimed in form of ILV will be subject to one year vesting = they will be locked for one year after you claim them

[hidden current]

No but any revdis you get is available straight away no vesting for them

[polar haven]

Ok but trying to claim keeps returning errors on the website atm

[cunning perch]

yes that is RevDis. His Q was about Rewards 🙂

[cunning perch]

because it's not operational atm

it will resume 2 weeks after V2 goes live

[hidden current]

Just throwing around random knowledge 🙂 but u got this covered lol

[gray narwhal]

i think WETH is a token with out value , i need to swap into ETH

[polar haven]

Ok thanks... final Q, my staked tokens gets unlocked tomorrow...can i just withdraw to metamask?

[cunning perch]

Haven't tried it myself. Technically it should be possible, but can't give you a definite answer myself. Still gas is pretty cheap so shouldn't be a problem in case you needed to swap it back to ETH

[balmy shoal]

Depending on the market maker, you may be using WETH labeled as ETH, anyway. I think most things 1Inch does are WETH swaps while UNI and SUSHI do have more ETH than WETH pools.

[cunning perch]

If you withdraw, you will lose all rewards you should have got during the halt. I would suggest waiting for V2 before withdrawing so you get those rewards too.

[balmy shoal]

Gas has been reasonably cheap, this weekend. I've unwound some losing contracts at Alpha Homora, made some swaps, claimed some smallish stakes, and claimed my sILV V2. It was nice to do a bunch of things on ETH without feeling mugged, afterward.

[cunning perch]

ikr. it was 16 Gwei today. Sick. It will be 1000 when we wanna claim lol

[gray narwhal]

hi guy , i made Sushi LP but i don tfind it on my wallet

[polar haven]

Looks like there are a few different rewards... not sure which one gets lost but some clarification may help...also, do we still need to use celo?

[gray narwhal]

where is it ?

[cunning perch]

add the contract to your wallet so you can see it. You cannot stake it atm though. #🔗〕helpful-links

[cunning perch]

any ILV reward you should have got during the halt from ILV, you will lose all of it if you withdraw. you will just keep whatever your pending rewards show in the website atm.

[cunning perch]

#everything you need is in #🔗〕helpful-links

[woven ibex]

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

[cunning perch]

here too 👆

[polar haven]

Hmm... any ideas on Staking V2 timeline?

[cunning perch]

awaiting the last audit from Quantstamp. Should be in days or a couple of weeks

[gloomy gazelle]

The DMs about celo are a scam.

[coral pike]

no official date

1 first there will be an announcement to upgrade .

2. Then approximately 2 weeks after that V2 will go live

Please watch #📣〕announcements if you don't see anything new posted there then nothing has been announced yet and there is no official date when it will be

[left shore]

Couple of weeks ?!😒

[coral pike]

see the post above yours it will happen in 2 stages

[keen ridge]

See the post above yours, could be a few weeks for audit to finish

[coral pike]

hmm maybe that is what no official date means ? hmm.... snide remark 0 Logic 1 Logic wins!

[gloomy vector]

Any info on v2 yet??? Been awhile now

[coral pike]

no official date

1 first there will be an announcement to upgrade .

2. Then approximately 2 weeks after that V2 will go live

Please watch #📣〕announcements if you don't see anything new posted there then nothing has been announced yet and there is no official date when it will be

[keen ridge]

#799010390201466880 👍

[molten drift]

So currently we are just waiting for the word to upgrade? Im freaking out because I thought we were already supposed to upgrade

[autumn cloak]

Yep. Upgrade period has not started yet. The team is just waiting for the audit from Quantstamp to come back and then they should be good to start the upgrade period. Just stay tuned to #📣〕announcements and you won't miss out

[molten drift]

thanks dude I appreciate the help

[final bobcat]

What do you guys think is the hold up on v2?

Say something if they intentionally launch past Mar 31

[autumn cloak]

Waiting on Quantstamp audit to come back. As soon as that happens, V2 upgrade can begin. Should hopefully be pretty soon since they’ve had it for awhile now

[final bobcat]

Finding this a bit ridiculous by now. Quantstamp doesn't give dates? Giving the benefit of the doubt but such a convenient reason to delay past Mar 31

[regal relic]

Honestly I don’t mind waiting but I would like to have a way to see my pending rewards to see whereabout I sit

[fading bay]

Guys, who is eligilbel for sILV reimbursment ? is something linked to de xmas scam or something linked to the staking rewards paused due to the level 2 upgrade ?

[hot lynx]

The large token unlock end of March might effect #🥩〕staking

[serene crater]

total suply ilv coins is 10mil.. if market cap of ilv will be around 2billion$ then ilv price can be 0.005$/ilv.. where did i go wrong?

[ember ginkgo]

There will never be 10mil ILV since there has been many sILV claimed already

[quiet hatch]

Mcap = price * supply
2B = price * 10M
2B/10M = $200 (price per token)

(0.005 * 10M supply = $50k market cap)

[serene crater]

oh.. thank you) 👍

[tame wadi]

what is the difference between staking on Illuvium staking portal versus doing yield farming straight up on sushiswap or uniswap? Is there additional bonus to do it through Illuvium itself?

[coral pike]

Staking is offline until further notice please this has more info on staking itself #📣〕announcements message

[cunning perch]

Even if you provide liquidity to Sushi you will have to lock up that SLP you receive from Sushi. Either way it's called Yield Farming. One with providing liquidity with moire Yield and the other with staking ILV with less yield and lower risk.

[autumn cloak]

No. You don’t want to put a timeline on something like a security audit. We don’t want another exploit happening.

[coral pike]

https://tenor.com/view/star-wars-yoda-patience-sw3-gif-21070142

[final bobcat]

What spaghetti code are they auditing? It's just a staking contract, worst case if they're aiming to be really transparent then they should be publishing incremental results if they're "still" working on the fixes. All signs point to deliberate delay so seed on the 31st can start before/at the same time liquidity can possibly be pulled out. I don't like how funds are essentially held hostage by this. Some of us chose to unlock early in exchange of lighter staking weight and now unlock date is just getting pushed further without any compensation. How is that fair?

[autumn cloak]

Don’t know what to tell ya. I do believe that V2 will be live before the 31st tho

[coral pike]

Soo much fear over the 31 ....

[final bobcat]

Obviously only the team has the answer. What I'm trying to wrap my head around is why the community is just taking this delay without a major backlash, whatever the date as long as we get a new contract is that it? The team should allow us to claim before the 31st (if we are already unlocked) because lock periods were decided on strategically

[coral pike]

Perhaps because part of the community in general understands and has patient and does not live in fear over the "unlock" ?

[final bobcat]

No business of yours if someone is trying to avoid the seed unlock date, play your own game. If you get dumped on and still have a smile on your face then more power to you. But objectively speaking the unlock dates were made for a significant reason and if the team won't respect that you might as well manipulate the contracts, there's no line to be drawn. I'm just pushing for what was supposed to happen, be fair and don't brush it aside as FUD

[coral pike]

Personally I am HOPEING for a HUGE dip so Ican buy it.....

[final bobcat]

Totally missing the point. I'll wait for a team member to respond

[dense mountain]

It’s just one of the many risks involved in crypto at the moment , scams and unforeseen circumstances happen

[final bobcat]

I get that but why no effort from the team, for example, move the seed unlock date instead? Wouldn't that be a fair response to just move all the dates forward? I don't know what else but I don't see communication regarding this. At least guarantee the contract is deployed before the 31st to remove the risk of retail getting dumped on

[coral pike]

@final bobcat you may not be aware ofthe but the audit being finished is just the first step

There no official date Live V2 is 2 weeks after the upgrading has been activated

1 first there will be an announcement to upgrade .

2. Then approximately 2 weeks after that V2 will go live

so even if the audit was finished today there is stil a while to wait

[dense mountain]

Yes, the team could push seed unlocks back and make it perfect, however if they’re gonna dump they’re gonna dump. Team is just working asap to get V2 live so seed investors can dump asap if that’s what they want . They themselves haven’t been given a great timeline to work with

[final bobcat]

Again. My issue is not the V2 launch date... rather that V1 has failed and people are unable to get their rewards on time and in the process forced to wait for V2 that will come highly likely after seed unlock

[coral pike]

There have been talks about moving the seed date. Kieran has mentionedthat

but again that is only one side of the coin . if you can look at it objectively . What about the people that don't mind the seed date as it is . Do their opinion not count ?

[ember ginkgo]

I also think Kieran said something about finding a solution for the seed unlocks. They said they would do whatever they can to help the community.

[dense mountain]

It’s the same for everyone wether they push it back or not, doesn’t really matter at all

[final bobcat]

No they're not gonna dump if tokens are locked. I'm taking about everyone unlocking past 31st, that includes private sale participants, other parties, this is a big supply that matters and people are waiting for them. I know people just waiting to dump their share but I digress... don't care when V2 finishes but those able to unlock before seed should be able to, there are other solutions too. They can make snapshots, etc

[final bobcat]

This is so important I can only hope they're good people

[dense mountain]

Yeah but really its all going to be back up and running by the 31st also

[ember ginkgo]

So far they did everything they could to show how good people they are 🙂

[dense mountain]

Idk what more you could want for them , just relax and re stake for another 12 months

[autumn cloak]

Hopefully yea. I think Quantstamp is taking a bit longer this time since they don’t want to screw up again lol

[dense mountain]

Haha big facts, I believe in their ability, insane the amount of work they do

[coral pike]

@final bobcat message form Kieran if it makes you feel any better to hear it form them personally #💬〕general message

[dense mountain]

Lol

[final bobcat]

Objectively is as close to what was made on chain, no? If you don't mind the seed date then you don't, doesn't really argue for much. But for those who do you can't just say hey majority don't care so you also shouldn't

[dense mountain]

So if you were illuvium what exactly would you do ?

[final bobcat]

"just relax and re stake for another 12 months" ? What are you even talking about, I'm pushing to allow withdrawals on time and that's your suggestion

[dense mountain]

How many weeks would you delay? How will you know this information?

[dense mountain]

No way would I withdraw at the moment

[coral pike]

I have no problem with you personally or your concern.

I only objected to the fact that you seem tot believe the community in general should share your personal point of view which is what i took exception to as you stated here and you were impling there was somthing wrong that hey were not .

*why the community is just taking this delay without a major backlash, whatever the date as long as we get a new contract is that it? *

[dense mountain]

All jokes aside though, it’s one of those things where you have to do it on the go, if we are close to seed release and no V2 they will extend, if it’s there before 31st happy days. You can’t be angry at the team for something they haven’t even done yet

[final bobcat]

The answer is a lot of people here are fanboys and will take anything even if it means losing money. I'm not saying everyone should withdraw, withdrawing is an option if you're unlocked – so keep it that way. If you don't want to withdraw then don't

For @dense mountain asking how I would know how to delay. Most basic is just delay for how long the V1 contract was down. How is that not fair? Tell me. Public gets their funds frozen, then seed should also with the same amount of time

I don't care much if they're having "talks" if they won't push through with it, but I'll rest my case when they say either V2 before 31st, or they delay seed/or first round whatever

[dense mountain]

We have been earning ilv during the freeze though. Pushing back seed investors for 3-4 months is rubbish because they are the ones who got this thing off the ground, they should get preference wether they want to hold or dump

[coral pike]

I cant speak for anyone but myself but i can tell you 100% on my perspective it has nothing to do with being a "fanboy" and all about actually understaning the tokenomics which from what we are told from the admins so do the seed holders .

perhaps if you will take the time to understand my point of view it will give you a greater understanding that not all are "fanboys"
#💰〕token message

[serene crater]

legally, this is not an investment .. so we should not have any claims)

[final bobcat]

Really doesn't matter to me if we earn rewards during the freeze if the price dumps, that's a false sense of security like any yield farm inflating. But to your other point, no it's not rubbish to push them back. It's only being fair. It's missing the point again... if you don't draw a line here, where would it be not okay? If they delay V2 to May after 1 month of constant dumping from early rounds is that still okay? How about June?

[dense mountain]

That totally fine , we have a game out and also a buying opportunity , if you believe in the quality of the game it shouldn’t matter what seed investors are doing at all - long term is great - if you want to sell in a bear market that’s fine but you lose in the long run

[final bobcat]

How about V2 in 2025? Still okay to you?

[dense mountain]

No worries at all, I’ll be playing one of 3 illuvium games while I wait

if I needed the money now I wouldn’t have invested in illuvium at all

[final bobcat]

Not sure what you're pointing out but if not legally then ethically. Without any foundation like such Illuvium shouldn't even call itself a DAO

Anyhoo, I'm hoping for the best. Have ILV staked in tranches and looking to just be able to move liquidity as planned and expected. Thanks for the responses

[gusty palm]

is there an date on staking v2? sorry but this is bs! do this during a bear market so all the greedy plebs don't unstake. how long does this take?

[ember ginkgo]

As long as it takes

[vivid ruin]

what are you talking about? we are in a bear markt 😂

[gusty palm]

lol. yeah you are right. what i am saying is the staking change over happened early in the bear. i.e. stopped ppl moving funds. if this lock didn't occur and we were in a long bear ppl would have unstaked

[rapid kestrel]

dam i have to admit we are bearish currently

[gusty palm]

as long as it takes. nice response man

so there is no updated timeline on staking v2?

[rapid kestrel]

lets enjoy this short term high apy staking while it last

[vivid ruin]

@median canyon I was wondering what happens with Tokens that people give up due to unstaking. will they be considered as Ilv or Silv as part of the 3 milion total? basically I dont understand what would happen to those tokens.

[gusty palm]

any update on when staking v2 goes live? @median canyon

[rapid kestrel]

although i have tiny amounts staked

[mint cave]

they just go to those who are still staked

[mint cave]

as soon as quantstamp is finished with their re-audit

[ember ginkgo]

https://tenor.com/view/soon-gif-19121692

[terse roost]

So how about Sushi Swap Liquidity providers? When do we claim sILV2

[paper shale]

Which fucks those of us that have to withdraw. Still pisses me off that the contract i signed and the % i agreed to isn't going to be honored simply because i have to withdraw them on the day i originally agreed to. Complete fucking bullshit. Some of us can't leave them there sitting hostage indefinitely. Yes my wallet was compromised and that is why i have to withdraw, but the team itself just went through an exploit so they should understand sometimes shit happens

[mint cave]

i also withdrew a significant stake. it sucks to lose out, but the sooner you learn to be less angry at things outside of your control the better off you'll be...probably.

[autumn cloak]

If you have sILV2 to claim, it will show when you connect your wallet to the claim website

[vivid ruin]

this is an assumption I also made, I rather hear it from the source 🙂

[paper shale]

I was sentenced to 5 yrs in prison for something i didn't do. Trust me when i say i am a MASTER when it comes to accepting a bad situation simply because you aren't in control, and getting angry will only serve to sabotage the things that you can.

[rapid kestrel]

Seems like people are withdrawing their stake to sell before the incoming token unlock dump. Then maybe buying back in when price are cheaper after dump starts

[gusty palm]

where did you see vesting schedule? went onto the documents and they don't even have a vesting schedule

[gloomy gazelle]

Check pins in #💰〕token the community has figured it out and scoot made a post summarizing it.

[gusty palm]

i found it

[brisk surge]

is it v2 working as expected? It says I am not elegible to claim although have rewards pending on v1

[ember ginkgo]

Staking v2 is not live yet.

[brisk surge]

thanks

[brisk surge]

@brisk surge just pretended to be ilv support and scam me

[ember ginkgo]

Post in #🚨❗〕report-scammers. Add the long discord ID

[brisk surge]

this user just tried to SCAM me as well ..

I think he is planning to keep is user as he deleted the conversation afterwards

[serene crater]

soon..

[gloomy gazelle]

No it’s not the same fraggy.

[covert sage]

I'm having issues with the V2 claim contract. I had money in there didn't take anything out and they say I have nothing to claim how is that possible.

[autumn cloak]

That claim is for sILV2, not for Staking V2. You won't have anything to claim unless you held sILV prior to the exploit

[final bronze]

staking v2 isnt live yet right?

[autumn cloak]

nope

[crystal plover]

Correct

[tired junco]

Hey all, My vested SLP position became eligible for withdrawal today. Before I do that, I just wanted to check that I wouldnt miss out on any pending rewards (e.g. due on V2 upgrade) by withdrawing now?

[native wedge]

You will miss out

[fast blaze]

If you withdraw right now (before V2), you will miss out on ALL rewards since the halt.

[spice vortex]

I have my Sushi LP staked on V 1. It says I can withdraw and I have some ILV i can claim. I am not interested in claiming to sell I just want to know If I am supposed to do something like unstake claim and restake though I do not see a V2 staking live yet? Can I just hold in V1 stake atm and be good?

[spice vortex]

Maybe this awnsers mine as well. Just hdol in V1 for now?

[fast blaze]

You can just stay staked. If you do not unstake they will still generate rewards (even unlocked) at the same apy as before (afaik).
For everything else If would wait for V2.

[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.

[polar abyss]

How come im not eligible to claim reinbursment if ive been stakin the whole time we was waiting for V2 I have not recieved any rewards all this time and thought I could claim now but even though im still in the pool it says im not eligible

[autumn cloak]

You had to have held sILV in your wallet to be eligible to claim anything

[fast blaze]

The reinbursment right now is only for people that held silv (v1) before the snapshot. Rewards will go live when V2 is live, this will be announced.

[polar abyss]

ah ok thanks so still a wait for me then

[autumn cloak]

Yep. Hopefully should be done before the end of the month

[polar abyss]

when did the rewards halt?

[autumn cloak]

January 20th I think? Sometime around that date anyways. May have been the 21st depending on your timezone

[white mirage]

Is the below correct:

1. V2 release date unknown
2. Withdrawing now before V2 release will result in no rewards since January
3. Private investor unlock dates are unchanged

[autumn cloak]

Looks right to me

[white mirage]

So since this is a DAO, how would we get a vote for reimbursing people who want to withdraw and get the rewards as originally agreed during staking process?

[autumn cloak]

Write up an IIP and gain community support.

[sacred sable]

It seems like the problem here is the announcement saying SILV2, is confusing to many people and they are assuming it is V2 staking contract @median canyon
Feel like maybe the wording can be changed a little 🤣
I just see message after message of confused citizens. Even my gf was confused lmao

[cyan rampart]

You're correct that there are a fair number of confused people. I am curious how many of those people actually read the entire announcement, and didn't just see some post on Twitter about it or something. To me, it seems fairly explicit what is going on in the announcement Aaron made. Maybe a line saying "This isn't staking V2" is actually warranted, I know Aaron was joking about that the other day. Between the first sentence and the section on "Who can claim", I think it's pretty clear.

[nocturne garden]

can anyone tell me where the unstaking button is for ilv?

for the ilv core pool?

[median canyon]

I’m not going to use the wrong name.

The name is sILV2. People just refuse to read anything, at all.

[autumn cloak]

Do you mean withdraw? It will be in the vesting tab if your stake is unlocked and withdrawable

[nocturne garden]

ah i got it ty....got mixed up on locked and unlocked stake

[white mirage]

For me it's clear it's sILV v2 not staking V2. I just have a problem with there being no clarity of when staking v2 will come, not mentioning that staking v2 would mean no rewards from January to ? when locking stake, and major private investor unlocks from $1 and $3 at the same time.

[sleek elk]

Folks It's Clearly sILV2 for the new token and V2 for staking its not really that confusing if you read it properly.

[brisk surge]

Can we get some nice Illuvium 4k screenshots / wallpapers...

[median canyon]

I can see that as being confusing. But if you read the actual announcements it makes it clear. So for the people who don't read, sure it could be confusing.

[median canyon]

You know it's a technical reason that we can't do what you want, right? It's not like we just went 'nah. Who cares about people with compromised wallets'.

[surreal loom]

I only read drama, that’s why I’m enjoying discord so much through market dips

[knotty heron]

Keen for V2 to go live so all this confusion and FUD can go away

This is a great project, people just need to be patient

[hot lynx]

Hi Aaron ,
Perhaps it could be done via a transfer fixed stake option. Within the staking contract you have a transfer stake button.

This means you still can not withdraw , unless the time lock is up. However within the lock the user of that wallet can do a transfer to another address and that new address with ( different keys) becomes your stake.

This is done with NFT's on portals. So why not ERC 20 ?
of course the extra button would be needed and it would say . You agree to stake for the same period .. approve pay gas.
Step one pay gas and transfer within the portal and tick the box for accepting the terms and conditions of stake lock.
This fix's wallet issues and those that need cash in an emergency who could sell a locked stake to another party. Perhaps

The upside is a 5% charge in ILV that gets burnt each time this occurs 👀👍🏻. I will post this in feedback also.

I didn't want to ping you direct over there. And a reply here seems good for contextual thought.

Ideas all the best I wait for V2 💜

[cyan rampart]

A bunch of what you've proposed is an existing feature of V2.

From: #809220563397902346 message Also found in pinned messages.

[hot lynx]

Hi Blickter good to chat with you mate 👍🏻 , yes a bunch and not all 🙂

[cyan rampart]

You as well! Do you mind expanding on the differences in what you're proposing? The main thing I'm seeing is that you want a 5% ILV burn every time someone transfers a locked position to a new wallet. I think some people would be pretty upset about that, considering that one of the main drivers for people to change wallets is a compromised wallet, which usually results in a loss of funds to begin with.

I might be missing something you were getting at though.

[hot lynx]

The 5% fees and the ability of people to sell a fixed stake to other people. Fixed stakes will be balance and so provide some shorter terms for buyers.

People may have a family emergency or something and need to sell immediately ?

This may need to be V3 or on the Illuvium Dex as a price of less than market would need to be listed for it to be worthwhile for buyers. Cheaper than buy and stake yourself. and shorter fixed locked balance

We also burn more ILV and I see people only doing this maybe once

[cyan rampart]

It's an interesting idea, being able to sell locked stakes. Are you aware of any precedent for that I could check out?

I do think you're right that it would likely have to be a thing for V3, if at all, just because people aren't able to list locked stakes on traditional DEX, so the team would have to develop the backend to enable that. That would also be my biggest concern - Developing tools like that for the blockchain can be fairly time intensive. It is definitely an interesting idea though.

[hot lynx]

ERC 20 wise I think Compound and Balancer did something around transfer of stake for equity loan. I haven't played in that area of #🥩〕staking for a while.
L2 optimistic rollups might have that fnc on the roadmap.

Our ILV DEX will not be that DEX traditional as it will handle NFT's , land and in game items I think + perhaps transfer of staked balance.

All for a % ILV/sILV fee + market prices

[median canyon]

What you are suggesting isn’t an option for now. Sorry the issues we have aren’t solvable.

What we have done isn’t perfect (for rewards) but it is the best solution. Once we make v3 on layer 2 everything will be perfect. Count on it.

[hot lynx]

Understand no expectation Aaron as this is at the bleeding edge of Defi
Thoughts for the melting pot v3 👍🏻 thanks mate

[pearl prawn]

hey guys should i be doing anything now with my sushi lp from the first staking

or are we still waiting?

[supple meadow]

Just wait for V2 to come out, not sure when that's going to be

[pearl prawn]

beautiful =]

[sonic lotus]

Wen V3? In 2 weeks? 😜🤓

[outer hull]

is it a bad time to buy extra ILV right now so that I could stake it later?

[olive shoal]

How do you buy ilv now?

[outer hull]

through sushi?

[ember ginkgo]

#🔗〕helpful-links message

[outer hull]

if i buy ILV on binance, can I transfer it to metamask?

[ember ginkgo]

Yes

[outer hull]

btw there is no gas fee when I buy ILV on sushi?

[ember ginkgo]

There is gas fee for everything you do on the ETH blockchain

[outer hull]

so wouldn't it be better to buy ILV from binance instead of sushi?

[ember ginkgo]

If you send it from Binance to metamask, you'll also have to pay a fee to Binance.

[outer hull]

yeah thats the only fee i pay

but if I buy ETH from binance and send it to metamask so I can buy ILV from sushi, that would mean i have to pay 2 fees

[ember ginkgo]

Yes, I think so. I'm not a master in this but sounds right

[sonic lotus]

It’s more cost efficient to buy on Binance and then send it across

If you can, buy ILV from Binance and send that straight to MM. that’s the most cost efficient way

[outer hull]

okay thats clarify everything

[outer hull]

1 more thing, When I transfer ILV from Binance to MM, can I use the Binance network instead of Ethereum?

[sonic lotus]

No.

Send it on the ETH mainnet. To your ETH mainnet address in MM.

[outer hull]

so I can't use Binance mainnnet for MM?

[sonic lotus]

When you stake, it’s on ETH, so no.

Network fee for ETH network, Binance to MM right now is 0.051 ILV.

[outer hull]

Since BSC network is cheaper. I thought the only difference is that ETH network is more secure.

alright i will take note of that

[sonic lotus]

Nope, if you are planning on transacting on ETH, don’t try get around the gas. Just deal with it and you won’t cause unnecessary problems for yourself.

[outer hull]

I've been told that. Just wanted to understand it more. Thank you so much

[sonic lotus]

All good. Hope I was able to clarify it a little more for you!

[vernal pier]

witdrawal fees on kucoin are 0.026 ILV

[urban verge]

what will happen if I claim ILV now?

[exotic igloo]

How apy staking in pool eth-ilv now?

[ember ginkgo]

https://tenor.com/view/soon-gif-19121692

[knotty heron]

https://tenor.com/view/its-real-and-its-coming-kate-dibiasky-jennifer-lawrence-dont-look-up-its-going-to-happen-gif-24584630

[limber otter]

When V2? :')

I dont understand why it takes so much time to migrate and set up staking

It has been months. Soon seed investors gonna unlocks (in Mar right).

[ember ginkgo]

External audits take time. There have been 3 of them and now after fixing all the "issues" found by the external audits, they are waiting for the final audit to get a go.

[errant crown]

Would disincentivizing people to unstake via not receiving rewards they should have accrued during this staking down time benefit the private investors who's stakes are about to unlock?

[severe mural]

its 0.05 now 😦

[pliant whale]

I hope a massive extinction level meteor isn't coming.... 😢 Great movie by the way... 😉

[brisk surge]

Wen pigs fly

[brisk surge]

Thats like 50 cent at current ilv price my guy.

[sturdy crest]

If I understand your question correctly then yes, it does benefit the private investors who's stakes are about to unlock. There are people who staked with an unlock time set before the private investors unlock so they could claim rewards and sell up before the big players unlock and dump on the market. Now those people who were planning to sell before the major unlock are screwed and left holding their bags. Surely the major unlock should be postponed just as the people staking for rewards have essentially been blocked from unstaking (in the way they will lose their rewards if they unstake).

[slender remnant]

Hey guys, too lazy to scroll. Any timelines on when v2 staking is happening?

[brisk surge]

Obviously the answer remains no

[brisk surge]

Elaborate rug

[serene crater]

soon..

[hot lynx]

Too lazy to explain 🤣
It's a Jan Feb Mar Apr thing imo

[final bobcat]

Hope they delay seed unlock. Tried to bang the drum yesterday but community has been optimistically just waiting as "it's all up to Quantstamp" 🤷 so let's see

[sonic lotus]

I doubt seed unlock finna be delayed. Team possibly. But seed highly unlikely

[final bobcat]

It's possible, there are discussions already. It's the right and fair thing to do. Team already extended theirs earlier, was a different instance

[brisk surge]

Please dont tag me. It’s depressing as hell to ever think about ILV

[final bobcat]

Well speaking up could move the needle so at least we're making it heard

[sonic lotus]

Quite sure discussion around around team tokens not seed

[final bobcat]

Whose initial buy?

[ember ginkgo]

Balancer sale

[native ember]

Anyone know why I have 0 sILV to claim?

I have over 23 ILV staked and 4.1 SLP in the Sushi Pool. And another 3.37 ILV in rewards to collect. I've been staking for around 9 months and have not touched anything since it all got frozen.

What is the sILV claim in reference to?

[ember ginkgo]

You can claim sILV2 if you had sILV before. Since you claimed your rewards as ILV and not sILV, you don't need to claim sILV2.

[native ember]

ok thanks

[brisk surge]

Oh, you got rugged too?

[ember ginkgo]

I believe @cunning perch already asked you to stop making these useless comments.

[brisk surge]

Oh, my bad

[slender remnant]

That's all I needed to hear lol!

[hot lynx]

No one really knows mate 😉

[slender remnant]

Thanks! That's what I thought, I'm just checking in now and again to make sure I haven't missed anything 🙌

[ember ginkgo]

Any important update should get posted in #📣〕announcements so if you keep checking on that channel, you should be up to date

[slender remnant]

Danke Schone

[hot lynx]

The day its sorted it will get posted in #📣〕announcements . Before that day. No one really knows

[sacred sable]

How did you get rugged?? 😂🤣😂

All your money is gone? Or are you making up your own definition of a a rug..? 🤔

[brisk surge]

Most of its gone, dumbass. And the rest i cant touch caused its locked in the kangaroo staking system

[sacred sable]

No need to name call.. where did it go?

[cunning perch]

Last warning

[ember ginkgo]

Did you even read the #✍〕rules?

[distant laurel]

how it gone ?

[pliant whale]

nothing is gone, except some peoples patience. then they try to bring everyone else down... 🥲

[last acorn]

#📣〕announcements message

Base on this announcement I thought v2 is done and ready? it's not?

[sacred sable]

Just sILV2 ... It's a little confusing sorry

[last acorn]

it's confusing, if v2 is not ready then why people can mint sILV2? what are purpose of this announcement?

[ember ginkgo]

sILV2 is the replacement of sILV

[sacred sable]

I know.. I made a comment last night about this. Staking V2 is not ready, but they released the new claim for those that lost their sILV in the exploit. So if you lost sILV, then you are entitled to the sILV2 claim. However, if you did not lose any sILV, then that announcement doesn't apply to you. And just to clarify again, the full "Staking V2" isn't released yet
@last acorn

[cunning perch]

sILV not ILV 🙂

[ember ginkgo]

👀

[sacred sable]

sILV2 is new version of sILV .... In case you are still confused lol..

[ember ginkgo]

Yeah... I know

[sacred sable]

Can never tell what the eyes mean 🤣

[cunning perch]

If @ember ginkgo doesn't know the difference between sILV and sILV2, it's slipper time.

https://tenor.com/view/marcia-spank-spank-with-slipper-marcia-sensitive-sensitive-gif-12039715

[sacred sable]

https://c.tenor.com/o26xbVTq4OoAAAAM/pp.gif

[final steppe]

I think in that case... Fraggy was giving the 👀 like, "What are you talking about?" because she edited her original comment to show sILV

[winter kernel]

I was told we are still earning rewards for staked ILV and Sushi LP. My numbers have not went up in a long time. Is this a glitch or are the amounts locked until staking version 2 comes out? Just trying to get clarification.

[cunning perch]

If you are staked, you are getting rewards. Emissions has been paused for about 2 months now. So you don't see the updated rewards in the website. Wait for V2

[brisk surge]

I’m just wondering, not trying to be passive aggressive. Genuinely want to know if people are OK with this? Thanks community. I ❤️ ILV

[cunning perch]

Many many ppl are in ILV for the very long run. One or two month waiting for something to be spotless is not the long run. Also anyone staked is receiving rewards, so no problems there. You get to claim it when it's available.

Also many (myself included) don't care about the short term yield.

[brisk surge]

Are you worried about ILV being just a cash grab?

[cunning perch]

ILV and cash grab don't hang in one sentence. Nope. There are very well known ppl working on it that have created the biggest projects ever created in the world of gaming and cenimagraphy and the ones working on the crypto side of it are one of a kind. This might be some investment to many ppl, but to the devs, it’s their lives work.

And never has been shown that a AAA game is released in a year.

[brisk surge]

I’m surprised the price hasn’t fallen further. GL

[ember ginkgo]

Thanks

[cyan rampart]

I'll put this in the simplest terms I can - There's easier ways to run a "cash grab" project. You don't typically have a year worth of art and game development happening with your normal rug.

The staking pause is unfortunate, but is also 100% necessary if you're informed on what's been going on. For that reason, I'm completely okay with it. Everything was, and is, well communicated about why this pause is happening and why it had to happen. I'm not jumping for joy about it, and I understand people who are skeptical because of it, especially when they haven't gotten informed enough to understand why it's necessary.

[brisk surge]

It’s very intricate, i will say.

[cyan rampart]

It's not that intricate, the V1 contracts stopped working properly as soon as sILV became compromised. So you're between contracts that don't work, and contracts that will work.

[brisk surge]

To have everyone who staked ILV not be able to see their rewards for months, and if they touch what they can see, they will miss out on anything that has been accumulated during lockout. Fun.

And now, with the end of march approaching, once the seed investors coins unlock, and i still am unable to see rewards.

This is just an intricate rug. No doubt about it. Crazy there is still ACTUALLY some people here in this discord. But, most seem clueless, and have to be if they cant see what is going on

[cyan rampart]

And there I was wondering where you really stood, your name didn't say it all.

[ember ginkgo]

I wonder what he will change his name too when he realised he was wrong

[cyan rampart]

Easier to just make another new account. 3 weeks on the current one is pretty extreme.

[native wedge]

You can tell who has been rugged before if they are scared about illuvium being a rug pull. There is no reason to believe this is a rug. lol

[ashen dust]

any update on staking? Have they received the audit back and fixing issues? or still waiting on the final audit?

[cunning perch]

waiting on the final audit

[sonic lotus]

The word around discord is “soon” 😜🤓

[ember ginkgo]

https://tenor.com/view/soon-gif-19121692

[cunning perch]

It's either wen or soon. 🙂

[sonic lotus]

I’ve also heard “2 weeks” being thrown around hahha

[cunning perch]

it's always 2 weeks when V2 starts and 2 weeks after that, land. It's always a couple

[ember ginkgo]

I think that's the 2 weeks migration time?

[final steppe]

Which could possibly become shorter than a 2 week upgrade window... according to comment from Aaron yesterday 👀

[ember ginkgo]

True that

[opal tulip]

It would be more profitable to unstake, sell and buy back if there indeed is a dump ...like ....isnt that common sense?... Knowing a dump is impending and take it head on.

[left shore]

i'm here

[cunning perch]

or you can leave some liquidity on the side and buy the dip in case it comes. NFA 🙂

[carmine agate]

hw much apy have u accumulated in yur stake?

if it's less than 30% then yes, im shorting btc at 37k and 34k

[neon wraith]

any news on when V2 will be starting?

[noble orchid]

soon

[hot lynx]

https://c.tenor.com/wamL_NeO8-wAAAAM/bunnies-what.gif

[brisk surge]

Facts tend to hit hard

[surreal mesa]

So rewards are still accumulating just not showing in the UI until V2 goes live right?

[mint cave]

yep

[errant crown]

I don't blame the rug guy for being suspicious, the constantly flimsy timeliness don't help

[mint cave]

there's nothing wrong with being suspicious. the slander is obnoxious and baseless, however.

[vernal needle]

Did those who have staked ilv been able to claim their silv2 rewards or they need ro wait until staking v2

[low locust]

have to wait for V2

[cyan rampart]

Skepticism is healthy, and helps people protect themselves. There's a reason that basically every crypto educator out there spouts off to DYOR constantly. If people want to discuss only one aspect of a project though, that's not really complete research, it's just cherry picking things that fit their narrative. The staking pause sucks. No two ways about it. If we look at it in isolation, it doesn't look great. However, if we look at ALL the data, I think the actual probability of Illuvium being a rug pull is pretty low. There's no reason to put this much work into a rug pull. The ideal time to pull the rug has come and gone. Given the information we have access to, I'm personally confident that the team is developing a game, and not planning a rug pull. This is just my opinion, and ultimately people are responsible for their own investments, so DYOR.

[brisk surge]

No offense, but I don’t think you understand what “slander” is, and those are my opinions

[mint cave]

making false and damaging staments: e.g., "this is an elaborate rugpull" = slander

nice try, i guess?

[brisk surge]

You literally have no clue what it is. 😂

[mint cave]

oh ok

[brisk surge]

I feel for u, i feel for myself. At least i see whats going on here. You accepted an offer to promote this junk lol

[mint cave]

didn't know i was speaking with the arbiter of the english language

i feel honored

[brisk surge]

I just finished 7th grade english. Thats my highest education

[mint cave]

amazing

[brisk surge]

Truly is amazing how people like you exist still. Not many left tho

[mint cave]

i'll give you some time to read the rules

[low locust]

sure, technically slander refers to verbal communication (as opposed to libel, which is written defamation) -- and slander refers to defamation of a person or other party -- but like... doesn't mean you have to be rude about it dude

[autumn cloak]

He was replying to someone named June😂

[dense mountain]

The drugs you’re on are hitting hard

[buoyant zenith]

https://tenor.com/view/meat-slap-that-meat-salt-bae-gif-7897765

[olive shoal]

can we still stake sushi lp now？

[mint cave]

not until v2 staking is live

[olive shoal]

I see. thanks

[modern comet]

can i claim staking rewards now?

[compact cipher]

staking v2 live?

[mint cave]

no

[errant crown]

You have a point in terms of this rug guy dealing in absolutes and claiming he knows with certainty its a rug but his position isn't exactly baseless. This team/project have consistently missed deadlines and broken promises.

[cyan rampart]

Yeah, it's one thing to raise concerns, that's totally fine. Aaron has said as much, I think the team appreciates feedback, even if it's not positive. It's another thing to come in on a fresh Discord account throwing punches and claiming "it's a rug for sure, I know it, you're all idiots". This kind of behavior isn't new, we've seen it before, and I'm sure we'll see it again.

Like, if the team, or even just the Warwicks wanted to rug, they could have done so when ILV was at $1900 for a LOT more than they'd get by "intentionally" delaying Staking V2.

I'm personally of the opinion that they're taking their time, making sure everything is bombproof. It's really important that they get Staking V2 right. Does it suck if you were looking to trade ILV and capitalize on market trends? Yeah, it absolutely does. Is it in the best interest of the project to have staking contracts that don't get exploited? Yeah, it absolutely is.

I've been long on ILV ever since I got involved, and so maybe I don't get as upset by short term turbulence than some other people. The team hasn't given out solid dates for anything in quite a while, and there's a reason for that. People get super salty when "deadlines" (read: estimates) get missed. I think it's reasonable for people to dislike not having exact timelines, concrete dates are obviously very helpful.

I'll also just add that the team has done some things that are pretty above and beyond. Extending the lock on about 1.4M team tokens from 1y to 3y unlock, Kieran reimbursing people for the sILV exploit (for an hour after it happened) out of his own pocket etc. When you zoom out a bit, I honestly don't understand the FUD, it feels like people are just bored.

[analog hamlet]

It’s misunderstanding and lack of patience. We are short term emotional creatures too

[sacred sable]

Why is this dude still in this discord 🤣😂🤣

[mint cave]

he is no longer in the discord

[sacred sable]

Good riddance.. now let's throw some positive energy in here.. 🚀🚀🚀🚀

[mint cave]

https://gfycat.com/hiddenexcellentcicada

[sacred sable]

https://c.tenor.com/SZz7fkWB1R0AAAAM/hype-dance.gif

https://c.tenor.com/uMTPqFIxY3IAAAAM/friends-american-sitcom.gif

V2 is coming brothers!!! And Illuvitars, and Land Sale, and Beta... We good 🔥🔥🔥

https://c.tenor.com/tladXaJGB60AAAAM/the-office-steve-carell.gif

Looking forward to get those rewards.. buying some Tier 2 hopefully 😁😁

[jovial root]

I agree with the Boredom part!
Even myself, unintentionally my thoughts wander into negative territory due to boredom.

The Solution:
Just go and find something to learn about, its a better use of Time and Energy than being in here FUDing, or Crying, or Complaining.

Just chillax, and let it come... we all know it will be worth it, that is why we are here in the first place

https://tenor.com/view/chill-destress-woosah-calm-down-relax-gif-5102209

[gloomy gazelle]

#🔗〕helpful-links message I’ve been excited about this post for awhile now.

[ember ginkgo]

https://tenor.com/view/soon-gif-19121692

You don't need mods, I'm here ^^

All of it or none

What are you taking?

Too rich to have a job?

Nvm ser. Have a nice day

Then don't have a nice day

[gloomy gazelle]

I was about to be.

[sleek elk]

Lol no wonder your impatient for V2 😅

Need to slow down the drugs at school kids

[pale trellis]

Wonder what my reward stack looks like now 😎

Anyway I can query the contract?

[shell peak]

Is there an estimated time frame for v2?

[ember ginkgo]

I hope we will all be happy when we see a number we like

[sleek elk]

No hard date yet but hopefully very soon

[shell peak]

Cool ty just wondering.

[sleek elk]

All good mate nil mistakes wanted with V2 staking/contract and team making very sure of that

[shell peak]

Oh I get it and appreciate it. I have much faith in this project. Wanted to know so I can participate.

[cyan rampart]

I heard soon

[ember ginkgo]

Where did you hear this 👀

[gray crag]

🙂

[brisk surge]

How do we vote if we don't have anything staked? Silly question, sorry. I am new to all this

[fast blaze]

Afaik you cannot vote unless you are staked. And I do not think your question is silly. :)

[olive shoal]

And staking is currently unavailable 😢

[final bobcat]

Keep making fun of people concerned about staking. Good job mods

[white condor]

V2

[ember ginkgo]

wdym

[vague tree]

calm down there

[serene crater]

soon..

[hot lynx]

It's a Jan Feb Mar Apr thing imo

[sweet nymph]

Hello all, i am new to illuvium, may o know is staking is unavailable now?

[ember ginkgo]

Staking is currently paused, we are waiting for an audit on the new contract for staking v2 to be launched. There should be an #📣〕announcements about this coming soon.

[sweet nymph]

Great, thanks for answering🙌🏽

[ember ginkgo]

#💬〕general message

[golden pine]

All good points. I've been scammed and studied scams and this ain't nowhere close to that. All quality projects take time to build so I've always been super patient in the space and well rewarded therefrom. Some more staking V2 updates could be better communicated like "contract auditors are in high demand and short supply and we want to make its flawless so it could be many weeks." Whenever I come every couple weeks I have to dig in the chat for a bit to figure out status. I'm actually okay with repeated delays when communication goes along with it.

[sleek elk]

Yep just try to understand as well mate there were a couple core people from Ukraine working on it and unfortunately due to the invasion it got held up. sensitive topic but we are close and it will be more thorough anyways 💥

[grand prawn]

Wen staking been stop ? For how Long?

[cunning perch]

Since Mid January

[grand prawn]

Cool thanks

[golden pine]

👍

[winter wasp]

I have been here since preILV not goin anywhere

I am Phil and here 4 ever

[tacit vigil]

i cannot collect rewards for my stacking , its 2 months now. what i need to do?

[ember ginkgo]

Wait a little bit longer

#💬〕general message

[old mantle]

Ilv is a scam

[tulip folio]

life is a scam

[old mantle]

Been 2 months already, why dun they do the V2 migration on UAT first and game releasing in Q1 huh?

I hold 100,000 usd worth of ilv and Im disappointed of the team’s progress

Wasted 2 months of staking time

[ember ginkgo]

Why do you say it's wasted? Rewards are still calculated and you'll get them.

[old mantle]

Coz I didn’t stake

I wanted stake on Jan 20th but then it started the migration aldy….kinda pissed me off now

[ember ginkgo]

They are making sure the contract is completely secure. Don't understand why that would piss anyone off

[steady trellis]

So the whole project is a scam because you can’t have what you want at the exact time you want it 🤣

[tulip folio]

I converted some other funds into ILV SLP tokens right around the new year and the pause happened before I got it staked, so around 2/3 of my SLP is sitting there not staked, I get the frustration.

Between the sILV hack and ILV team members getting COVID in Jan, to me it's more important 1) they are healthy 2) we have rock solid contracts. None of this makes the whole thing a scam.

[carmine agate]

https://tenor.com/view/mad-angry-crowd-waiting-the-simpsons-gif-14161923

[carmine agate]

funniest sht i heard the whole week

https://tenor.com/view/afroman-high-baked-gif-5764943

i was gonna stake my dough until i got high
i was gonna get up and find the pool but then i got high
my dough is still in my wallet and i know why

[terse roost]

So boys, help me understand because this shit is getting super confusing, sILV2 is deployed but only people who provided liquidity in Uniswap V3 pool are able to claim? There is also no ETA on when staking v2 will be deployed? Any news on when sILV2 for Sushi swap will be deployed?

[hot lynx]

Best read the pins

[autumn cloak]

Anyone who held sILV before the exploit can claim. Has nothing to do with providing liquidity

[ember ginkgo]

sILV2 is deployed and everybody who had sILV can claim it. It's just a replacement for the old token. There is no ETA on staking v2 because the new contract is having an external audit. This audit should be ready early next week so if there are no issues, staking v2 should be soon after that. There already is a pool for SILV2 on uniswap but this pool is not official and not supported by the Illuvium team. There will never be an official pool.

[cyan rampart]

Anyone who owned sILV V1 before the snapshot can claim sILV2. Liquidity providers for the sILV V1/ETH pool on Uniswap receive sILV2 and at a later date will be able to claim ETH.

Staking V2 is waiting on the last audit to conclude.

sILV2 trading on Uni/Sushi is completely unsupported by the team. There's no ETA and no support for those pools, use them at your own risk.

[terse roost]

You're awesome boys thank you!

Haha fraggy there is some one dming me impersonating you btw, hasnt tried to scam yet - this is his id 950629996534317096

[autumn cloak]

Man I hate scammers. You can post that ID along with a screenshot in #🚨❗〕report-scammers and the leads will ban the fake Fraggy

[terse roost]

thanks friend, will do

[autumn cloak]

Still no date, but seems like the audit will be done next week: #💬〕general message

[cunning perch]

The audit is scheduled for next week. It's different than deployment 🙂

[noble orchid]

Do we have any update on v2? Still no ETA?

[autumn cloak]

Nope. Maybe we see audits finish next week with V2 deploying the following week.

[timber sequoia]

not yet

[noble orchid]

[loud charm]

Haha, you are just mad that you didn't get your stake in before they paused. If you would have gotten that stake ready before they closed for V2 you would have been happy now. I hope they ban you.

[hot lynx]

Hi Arash which audit is that ?
I understand there are three

[cunning perch]

Hey buddy. Quantstamp

[hot lynx]

Ok mate
My understanding is there is three
#1 internal one
#2 external white hat one with Mr Samsung and an
#3 external sign off one with Quantstamp

[cunning perch]

yeah it's the last one and is scheduled for next week

[hot lynx]

Ok they normally run for a while

[cunning perch]

yeah takes a bit of time as ILV is not the only one they need to check.

[hot lynx]

Understand

[tough shoal]

hey guys, do we know if we can move our locked stakes once we upgrade to V2? thinking of getting a ledger to keep my ILV assets on. Thanks

[elder dawn]

You won't be able to move them until they are unlocked, but reportedly once they are unlocked you can move wallets without having to unstake and lose your weight.

[tough shoal]

okay thanks for clarifying 🙂

[brisk surge]

So the quantstamp audit hasn't even started yet?

[silent arrow]

it is, from Aaron, it s supposed to finish early next week.

[cunning perch]

This is the latest update (afaik) we have and that Aaron said it's scheduled for next week early today #💬〕general message

[gloomy gazelle]

Just a reminder that discord members can doubt and fud… so long as they follow the #✍〕rules. The Illuvium team has nothing to hide. There’s really no need to ban people that can’t see that.

[iron pebble]

I don't mean to bring fear nor a threat at all, but the chances of someone doing a rug having exposed themselves so much is 0, or they're dumb as hell. When this much money is in, trying to scam so much people will end up with you losing way more than money. I've seen how easily scammers were found in P2E projects with no KYC/dox. Trying anything stupid like that in this case would be a death sentence and, like I said, nobody would be so dumb to try anything like that.

Besides that, why wait when the project already hit 1.9k, if anything that would've been the perfect time considering we're not seeing that price anytime soon with unlocks coming.

[pliant whale]

Aarons comment from yesterday. The quantstamp audit is scheduled to be finished start of next week. #💬〕general message

[ember ginkgo]

Told you it would be soon

[ripe finch]

one thing that is interesting is these 2 months have been vesting , so investors / vcs are getting their exit liquidity closer, meanwhile retail is no able to click "claim rewards" and start unvesting those rewards for those 2 months.

I would suggest that the rewards returned for the wait would be vested only for 10 months instead of a year, otherwise the VCs got ahead

[delicate plaza]

Yea I hope we can claim all these rewards stacking up before the unlocks start

[fiery steeple]

Hi guys, let's say I've got some ILV and I'm keen on staking SLP once v2 is ready, what are the pros and cons of adding liquidity to sushi and getting the SLP now vs later?

[carmine agate]

do it later

[olive shoal]

I'd like to learn about the pros and cons as well

[iron pebble]

@median canyon is this a possibility?

[fiery steeple]

What's the general rationale behind this?

[carmine agate]

cons
i would wait stake v2 for the yield
ilv is down more than eth, so impermanent loss, no yield to cover it

pro
but you can provide liquidity for the fee income, and gas is low
stake v2 is coming, people might swab eth to ilv because eth/ilv is higher

[carmine agate]

dnt listen to a random person on the internet lol i might be trolling 😆

[fiery steeple]

Lolol thanks

[median canyon]

This is not possible. But keep calm. Some things are possible.

[cunning perch]

Don't share it in every channel please.

[iron pebble]

Ty 🥰

[brisk surge]

Hi Guys,

What do you think how much gas fees we can calculate each claim from core and Sushi pool for the V2 staking ?

I know it depends on the current gwei but, around

Those guys who have participate in the staking V1, what do you experienced?
Also for the approve before the first staking is costs fee if i'm right.

Please make it clear for me 😄
Ty

[cunning perch]

Yes there is always an approval process before the staking one. Check with the pinned calculators to get an estimate how much it will cost you in gas.

[brisk surge]

The pinned calculator is calculate with the V1 or V2 method?
I mean i see it in some previous conversations that V2 will cost less in gas fee.
But correct me if im wrong on this 🙂

[cunning perch]

for gas estimation and APY wouldn't make a difference. V2's gas efficiency is for claiming rewards mostly. It['s all estimation and varies by the second. you can add some more dollars to it just to be sure you have enough Gas

[brisk surge]

The main problem will be here that I'm not even an "ILV crab" hahaha 😄

[serene crater]

so.. waiting next week and one more week for upgrade to v2 pause..

[brisk surge]

i just saw in the calculator, 120$ /claim ?:O
Damn...

[wheat sky]

Hello, will we receive staking rewards while waiting for v2?

[unique turtle]

[dusk kestrel]

Random question
I've seen quite a chunk of people during this transition period unstake and withdraw their stake
When the V2 Staking Opens up, does this mean that everyone who has continued to stake will get increased rewards?
E.G Let's say 10% of both pools Unstaked during the last 2 months, does this mean that everyone who remained staking gets that 10% stack of rewards divided between them ontop of what they were getting already and everyone who unstaked gets 1000x giga rekt?
Just wanted to clarify, thanks!

[primal condor]

is v2 staking live yet?

[ember ginkgo]

It is not

[primal condor]

thx. is there an updated estimate time of v2 stake going live?

[ember ginkgo]

The final audit should be done early next week. When it comes back without issues, things could start moving 🙂

[cyan rampart]

I think Aaron talked about forfeited rewards potentially just being removed from supply. Let me see if I can find the source...

[iron swallow]

what apr can we use to track the pools

since v2 isn't out and rewards have been paused

[cyan rampart]

I couldn't find the source anyway, so it may have been a fever dream. There are definitely options for how things could be handled. @median canyon are you able to clarify what will happen to rewards accumulated during the pause for people who have unstaked during the pause? Will they be distributed evenly to all other stakers who didn't withdraw, or was there something else planned? I'm pretty sure you mentioned it before, but it turns out you talk about "Staking", "V2" and "Unstaking" a lot 😛

[brisk surge]

They are doing the calculation based on a snapshot of who was staked at the start of the pause. To be eligible you must remain staked for the whole pause which they will confirm at the end.

If they wanted to allow people to withdraw they would have to snapshot every block from the start of the pause through the end of the pause and calculate rewards per block for each staked wallet. This would be wildly complicated so they just decided to require people to remain staked, rather than spending weeks of extra time to calculate rewards in a way that only benefit a small minority who want to exit the project.

[paper shale]

Where did you see info about moving wallets while tokens unlocked but still staked? What does "reportedly" mean, who reported that?

[final steppe]

Hey Crypt0burry-- this was something Aaron included in the original draft proposal for V2 Staking

[final steppe]

Correct. The V1 contracts don't have the option to migrate wallet addresses. That's one of the new features coming in V2

[junior spoke]

Anyone have a prediction of the price of ilv will change when staking v2 drops?

[silk kestrel]

It will never drop it seems like

:kekw:

[junior spoke]

Lol well that's also a strong possibility :(

[paper shale]

It's impossible for me to ask for help quietly, unfortunately.. We all know how DM's go around here, so i have to ask the team for help loud and clear. If i could wait it out, i would.

[spice narwhal]

i cant claim my silv2 and i had some staked before the snapshot

[quiet magnet]

u cant stake silv only ilv. u have to wait for v2.. claiming was only for people who had silv in there account

[spice narwhal]

i do have silv that isnt claimed, like my rewards. So it doesnt apply to me?

[tired cosmos]

I should have staked a while back in late November lol. I’m sure the gains would’ve been greater than the gas fee considering how long this is taking..

[quiet magnet]

when v2 comes out u can claim rewards

[spice narwhal]

ok so no action required from my part?

[quiet magnet]

when they announce v2 they will explain what u have to do

[spice narwhal]

ok perf ty

[quiet magnet]

no problem!! rewards are paused too so we will be getting all the rewards we should have been getting when v2 comes out as well

[spice narwhal]

yep ik i though that everyone who staked had something to do today

[quiet magnet]

nope just people who had already claimed silv as rewards or purchased silv had to claim..

everyone who has staking rewards pending is waiting on v2

[spice narwhal]

ok perf ty for clarifying !

[quiet magnet]

no problem!!

[lyric palm]

If the staking v2 is not ready soon, that will mean seed investors will have their vested tokens released while the retail investors ones are locked. That's not good.

[grizzled kindle]

Is there an unofficial pool yet

[carmine agate]

yes on uni

[hot lynx]

Cheap $132 sILV 👀

[dapper grotto]

hi is there a way to calculate what rewards we will be getting since they've been paused it would be great if illuvium could provide a calculator

[gloomy gazelle]

Have you tried using this community made one that’s pinned in here? #🥩〕staking message

[pliant whale]

don't know where you are looking as I see $192 on sILV2 uniswap "unofficial" pool. yeah, it is cheap👍

[hot lynx]

I will buy at 132 as it will be cheap
The mass unlock end of March will trigger this imo

[carmine agate]

yes
thats the plan

[pliant whale]

Ok, your buy price, got it... I don't see the correlation between the start of a monthly ILV unlock and sILV price. If investors claimed as sILV and sold to get liquidity I could see a price drop though...

[hot lynx]

Ping me wen it doesn't happen

[pliant whale]

Once staking V2 is sorted and we approach the land sale, I can see sILV price increasing... What seed investors do with the unlocking ILV I can't predict.... They may even reinvest some after cashing out a bit??

[hot lynx]

It's perhaps a larger conversation beyond #🥩〕staking ping me 😀 on group chat

[pure wagon]

around what day staking v2 will live

[ember ginkgo]

Seed investors also realise the potential of revdivs

[carmine agate]

has anyone done a calculation on projected revdis?

[hot lynx]

Sounds great let's see as the sheer volume will effect ILV and the derivative sILV
expecting 100% of them to not sell 👀 let's see

[pure wagon]

hope the staking v2 will be nxtweek.

[carmine agate]

im trying to find out hw much we will be getting for 1 staked ILV

[pliant whale]

IZ land sale buyers and new ILV liquidity to seed investors is a different market dynamics, different objectives in my opinion... but yeah, let's see 🧐

[keen ridge]

Whether they do or dont will be irrelevant, people will sell - can def see ilv recovering very quickly tho

[carmine agate]

in this bearish market?

[keen ridge]

I mean from this price i can see it dropping a lot and then recovering around end of march

Especially considering It does not seem likely at all that the revdis from landsale will kick in before that let alone if land sale will happen before end of march

[carmine agate]

im interested to see if ILV can decouple

[keen ridge]

Long term I believe it will

[brave needle]

hello!

[carmine agate]

bonjour

[carmine agate]

we need that projected revdis calculation

[pliant whale]

konnichi wa

[carmine agate]

yesterday someone said something about revdis being $5-10$ / month / ILV, assuming $1bn annual rev
that number wont decouple sht

[brave needle]

Can we claim our ILV rewards again yet?

[keen ridge]

I think metaverse in general will decouple with most coins not even earning you passive income, with how great ilv is looking i can def see it as a leader for a while in crypto gaming

[carmine agate]

yea i wont comment on hopes and believes so im out, if you have any estimation to back that up, please ping me

[keen ridge]

How is an estimation any different?

[carmine agate]

https://tenor.com/view/facepalm-really-stressed-mad-angry-gif-16109475

[errant crown]

This would be reasonable if it wasn't for the length of time this is taking to resolve. Why should someone lose 2 months of a promised return if they want to sell their stake at this time. Imagine the lawsuits if this was taking place in a regulated financial market.

[hot lynx]

It's a Jan Feb Mar Apr thing

[errant crown]

perpetually a few weeks away

[carmine agate]

thank vitalik its not

[pallid stump]

When iş staking coming ? They said end of february but we r still waiting

[ember ginkgo]

Final audit should be ready early next week, when this comes back without issues, things could get moving

[next osprey]

i've had ilv locked for a year... so haven't been paying much attention honestly... from what i gather, once v2 is out i should be seeing the rewards that are not showing as of now?

[ember ginkgo]

Yes but you'll have to migrate to v2

[next osprey]

so once v2 is out, my actual rewards count will show. and i'll have to migrate to continue staking for the rest of the initial period that the ilv was locked for?

[ember ginkgo]

I'm not 100% sure when you'll see the rewards but you'll have to migrate to keep getting everything, nothing changes for the lock period

[next osprey]

or will the v change unlock them and then i can choose what to do with them from that point

okey, that answers the locking part of the question... which is kind of my biggest concern at this point... will still have a couple of months to go so i can wait on everything else with no issues i suppose

ty sir

[ember ginkgo]

It's still like 110 days or so right

[next osprey]

a bit more, but yeah... not the issue, just have to pay attention to migrate when the time comes to get current rewards and to continue staking... 🙂

[ember ginkgo]

Keep an eye on the #📣〕announcements. Hope to have something coming up this month

[next osprey]

yeah, always atleast skim through them atleast

[errant crown]

Yield Farm Contracts V2 - September / October (In development)

[mellow hull]

Now I’m confused. So everything is “paused” on staking. Does that mean when V2 launches we start with what we had already farmed in January, or we’re rewards always accumulating in the background and we just can’t see them yet? So if I had 10 ILV that I hadn’t claimed in Jan, will I have 10 at the launch of v2, or will I have 10 plus two months of yield farming?

[cunning perch]

it will be 10 + whatever your share is during the halt (that is if you haven't unstaked/withdrawn)

[mellow hull]

Thank you. That is what I thought but then I started arguing with myself when I was reading what everyone was saying.

[cunning perch]

no worries. aslways ask if in doubt

[sage sonnet]

Oh so it will be more than we’re seeing in the rewards now? What a nice surprise 🙂

[cunning perch]

yeah, IF you haven't withdrawn. That is not a surprise tbh. It's what it's always been 😄

[sage sonnet]

Right right. I haven’t withdrawn. I just kept checking and saw it staying the same. So I’ve been “budgeting” without the rewards for 2 months

[cunning perch]

you'll get everything when emission starts. Enjoy 🙂

[carmine agate]

i could use a rare ribeye steak

[median adder]

does anyone know why I've been staking 8 ILV for the two months but only received 0.1 sliv2?

[fast blaze]

Since January 20th staking is paused. Rewards for the time will be calculated later on, so you will recieve them, if you do not unstake before v2 is online and if you upgrade.

[fast blaze]

What exactly do you mean by "recieved"? The silv2 that people can claim right now is for people that held silv before the snapshot. Sorry if I misunderstood.

[gloomy gazelle]

The silv2 claim that you did was to replace the silv tokens that you previously held. You must have received a tiny dusting of sILV when you did a claim previously. The .1 silv2 was to go to help cover gas costs. You probably have .100532 sILV2 or something. Not just the .1 to cover the gas fees.

V2 staking is not yet live. So there’s no one able to claim staking rewards yet.

[median adder]

OOHHHH

Thank you thank you ❤️

[simple mantle]

Great

[supple meadow]

I thought it was paused before that, wasn't it in December?

[cunning perch]

no pause was mid January

[supple meadow]

thanks

[timber cradle]

Can we transfer our staked ILV to another wallet now? If not, will this option be available with V2?

[paper shale]

will be available in V2, but tokens must be "unlocked"

[timber cradle]

Unlocked as in totally vested? That would suck a lot.

[elder dawn]

my understanding is that reward ILV that are vesting can be assigned to a different wallet, but actual stakes must be unlocked to migrate. Being able to claim into a different wallet will be very helpful for many.

[fading bay]

I got some SLP stacked since the beginning of January, those are locked for 1 year. They have produced some ILV rewards that now seems not to increase due to the v2 lock. I understood that I’m still generating rewards. I need to understand: when v2 is released I will see all the staking rewards immediately or shall I migrate/upgrade ( didn’t understand what I need to do ) first? .
What happen if I click the claim button on my rewards page? Is it possible to start the 1 year timer to claim or it’s not working? Thanks

[honest pond]

Any indication on this?

[grizzled kindle]

Is it true that their is a unofficial SILV pool on uni

[ember ginkgo]

Yes

[grizzled kindle]

Can we claim our silv yet

[ember ginkgo]

#📣〕announcements message

[grizzled kindle]

Sick

[grizzled kindle]

Why is it that when I try to claim silv2 it only says I can claim 0.1 when I’m staking I have 6 ilv stacked up

[ember ginkgo]

Because the sILV2 claim is to replace the old sILV token that is not used anymore.
The 6 ILV you have stacked up will be able to be claimed once staking v2 is up

[grizzled kindle]

Ah damn it

That’s unfortunate since I need to claim to mint an nft next week

[high flax]

any news on when staking v2 will be up?

[silent arrow]

Audit supposed to finish begining of the week, so probably 2 weeks after that

[paper shale]

yes, totally vested. any locked stake cannot be migrated

[umbral chasm]

We need withdraw for stake Eth 2.0 on new staking?

[tight hazel]

No, you “upgrade” in-place which allows your v1 stakes to work with the v2 contract essentially. If your tokens are unlocked or flexable locked, you also have the option to “migrate” to v2 which will reduce gas fees for future reward claims. You'll have to pay some gas in either scenario. There's a write-up that goes into detail here https://www.publish0x.com/ilvfi/illuvium-staking-v2-what-do-you-need-to-do-xxypjew

[quaint cradle]

Thank you for this link. Quite comprehensive and informative. A must read for anyone currently staking or looking to stake ILV or the SLP tokens.

[regal abyss]

What will staking be like after all coins are minted?

[tight hazel]

Good question, you can get a sense of how much longer we'll have yield farming rewards here: https://www.publish0x.com/ilvfi/illuvium-state-of-staking-february-2022-xelwrwn Basically the rewards will taper down over time and eventually run out sometime in 2024 - the idea is that the game would be quite profitable by then and stakers will receive revenue distribution (revdis) for every coin staked. The length of time you stake (minimum is 1 months in v2) determines your yield "weight" for revdis, starting at 1 and going up to 2 if locking for a full year.

There's also the seed/pre-seed/team tokens, those coins are essentially "minted" but don't go into the public supply until they vest according to the schedule https://www.publish0x.com/ilvfi/illuvium-revenue-distribution-explained-xlzeyom

There's also a mechanism where coins are burned when silv is claimed, and coins are bought back from the open market when distributing revenue to token holders, so it get's a little complicated but you get the idea

[carmine agate]

very well written

So basically for a $100m rev, we get $15/ILV?

a monthly $100mil ($1.2b/year) , is only 3% monthly return on current ILV price, or a 36% apr on current ILV price

so actually ILV price increases is not good for new holders

[tight hazel]

Yeah, I believe that’s correct

[carmine agate]

did you write the article? shouldve been pinned

[unreal atlas]

Why is this? Can someone explain. I missed the point.

[carmine agate]

so i guess what kieran suggested on revdis being redistributed to yield is very good for future holders. He must have angered a few OG investors 😆

[carmine agate]

imo rev growth is sticky, means the price growth will be slower than the revenue growth. So new holders who bought ILV at a higher price, higher than pre seed/seed, will see lower revdis/token

yea someone need to re explain wht i just scribbled

my fundamental analysis suggests ILV need to go down to $300 to be attractive. but screw fundamental analysis. FOMO is the way

for me, as a crypto trader, i make 5-10% daily return, or 1,800 - 3,600% apr.
so for an investment in a small market cap token (no offense), it need to offer at least 50% apr

[tight hazel]

Didn’t write but probably would be helpful to pin

Scoriox has some good videos about price predictions and why bear market prices can benefit longterm holders, at some point maybe I’ll try to distill some of the information down

[carmine agate]

yea @potent sable is the perfect guy to discuss price valuation based on revdis projection

ill just do the degen😁

[olive shoal]

Should I buy ilv right now or wait and purchase V2 instead?

[elder dawn]

There is no v2 ilv. Ilv isn't changing, just the staking system. If you're talking silv, only consider silv2 as original silv is useless now

[carmine agate]

fomc on 15th and token release on 31st march, ill wait for the dip

[potent sable]

Yeah always good to grab ilv over time if u think the project will be successful

[hoary yacht]

How come so many people staked their all Ilv and theire is no official announcement of when the v2 will be ready. This is a little worry to be honest.

Everyone have the same answer it's coming up soon

[olive shoal]

I officially own 1 Ilv now 😂

[ember ginkgo]

The team can’t put a date on it because the contract has external audits. Have to wait for the results of those audits

[sonic lotus]

Hey guys, making a video now, just double checking, Staking went live in July 2021 correct?
which should mean the 3M allocated should be done in July 2024!
any confirmation of this would be much appreciated

[ember ginkgo]

Euhm, no

[ember ginkgo]

Still soon

[terse swan]

Hey sup guys ! i have a little question my staking in SLP just unlock ( now i can withdraw ) i want to re stake , but if i withdraw will i have some problem with all the pending staking v2 ?

got my answer nevermind 🙂

[elder dawn]

June 30 start. Feel free to dm me @sonic lotus and I can help. I have a lot of things put together for staking and unlock.

[sonic lotus]

cheers mate! I'll be making a more in depth unlock video probs next week so would love to be more informed before I do that! 😄

[hot lynx]

https://c.tenor.com/himbGmuY4cgAAAAM/turtle-friends.gif

[eager rover]

[brisk surge]

that v2 pdf bouta be sauce

[delicate plaza]

Did someone say leak

https://tenor.com/view/no-samueljackson-stare-gif-10537769

[magic pebble]

i have a question about upgrading my staking to v2 i see im supposed to do that for some bonius incentive but i dont quite see an upgrade button or anything i dont think i understqand

[elder dawn]

V2 isn't yet available. Look for an announcement hopefully next week.

[magic pebble]

ohh ok ty

[rocky fox]

Damn wen staking 2.0 it's taking too long

Delays on staking, delays on game, delays on delays

[ember ginkgo]

The final audit should be ready early next week. If this comes back without issues, things can start moving again. I wouldn't say it's taking too long, I rather have a contract without issues and wait a bit longer

[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.

[swift oasis]

https://tenor.com/view/sad-pablo-lonely-alone-gif-12928789

Me waiting for V2 knowing it could be here any day but also any month from now

[devout seal]

Morning. How much gas will it cost to upgrade please? How many transactions is it? Tia

[delicate plaza]

If gas is sub20 like it is currently, I'd hope it'd cost less than $20

[devout seal]

That'll be amazing

[cyan rampart]

We don't have that info yet, since we haven't seen the new contracts. It shouldn't be much though.

[daring spear]

is it posible to claim ilv rewords wlige gas is low, or we still waitting for v2?

[cunning perch]

gotta wait for emission 2 weeks after V2

[brisk surge]

Dear team, I would like to stake (locked) for 5 to 10 years. Is there a way I can do so, and obtain a discount on a purchase of tokens direct from any team tokens coming due for unlock this month?

Alternatively, is there a way I can stake the tokens I already own, for a longer period, and gain greater rewards

[gentle pumice]

Atm only 1 year lock with weight 2 . There are plans to create a platform for sell locked tokens with discounts but i dont know when it will be ready

[magic plover]

ilv pool in top 10 highest tvl pools in crypto 0_o

[gentle pumice]

https://tenor.com/view/steve-carell-wow-yay-omg-really-gif-15731645

[burnt copper]

Where did u get that from?

[pearl obsidian]

when does the staking start again?

[cunning perch]

2 weeks after V2 deployement

[pearl obsidian]

Oh right dyu know when that deployment is ?

[cunning perch]

Nope. It's soon

[magic plover]

gecko terminal

[hoary jacinth]

I unstaked ILV-ETH sushi LP and restaked with a longer lock period to obtain a higher multiple. When I go to rewards I have 0 ILV rewards from the sushi LP. Why is this?

[gloomy gazelle]

the staking protocol has been paused for awhile now. No new rewards are accruing live. Rewards will only be for those that remained staked through the paused period. Those rewards will be claimable retroactively after v2 staking launches.

Check some of the pins in here. And the silv2 page on the staking website. #🔗〕helpful-links

[hoary jacinth]

Thank you

[alpine vault]

@left shore 10 ILV + eth equivalent in SLP earns the same revdis as 10 ILV. Sorry, I misread your question.

[terse wigeon]

These delays honestly feels like slow rug. We locked our slp for up to 12 months, with that we will be able to use the rewards to buy land and play the game. Now the seeds investors are about to dump on us before we get to use out rewards on stuff that was supposed to be availible 5 months ago

[autumn flicker]

I haven't been here for months. Anything special about this v2 stuff?

[cunning perch]

not atm. Just wait

[alpine vault]

I'm not sure seed investors are going to dump. They'd be forgoing revenue distribution, which is going to by far be more valuable than any token price increase.

Why sell right before a bunch of events that are going to generate a bunch of revenue (e.g., land sale, illuvitars, open beta)?

[terse wigeon]

They are up 500x. I was wondering why is silv2 price holding so well. We cant even claim silv from staking we had there before hack...

[alpine vault]

Yeah, and they might take some profits, but I think pre-seed and seed will be more long-term investors with a 5-10 year investment horizon. Why take 500x profit when you can take 5000x-10000x long term? Where are they going to rotate their profits that's a better investment?

[worldly sigil]

Into salt and buckwheats 😏

[unique bear]

Because any smart investor always takes profits along their journey. Nothing in the future is ever a given

Also, if you think about it, freeing up some profit allows these investors to enter in another seed round and have an opportunity at another 500x or more. Where if they hold in ILV that return may take a while longer, or never happen. They will diversify and conquer.
From a 500x to a 5000x is just another 10x profit, so they may chase bigger gains and sooner with their profit.
Who knows, but for sure there will be profit taking as each of their situations will be different

[carmine agate]

the coming land sale revdis is only $7.5-$15/ token 😆

most VCs has 2-3 years exit strat, they usually pass it on to PE/fund

[grim ruin]

hi. may i ask who are the advertisers of this protocol of stacking in illuvium i would like to stack ilv but i had some question that prefer to ask personally.

[crystal plover]

Staking is not open ATM

been closed for around 2 months now. Noone knows when it will open again. Guesses are around 1 day to 1 month, ish.

[grim ruin]

and whats the benefits of stacking around the opening of the game or land sale is there any point for stacking around this sunjects ?

[crystal plover]

If you want to stake - you should do it as soon as possible. NFA

[empty portal]

I get it, but 36% APR for me at current prices is quite good.

[alpine vault]

Yeah, I agree they're going to take some profits. I think there's a big difference between taking some profits and dumping though. I don't think the price impact is going to be as much as some people are expecting.

[swift oasis]

ILV is not just for ROI, it’s got functionality like governance and in the future more streams of revenue (esports, shows/movies, more games under the up)

[alpine vault]

ILV is more similar to a dividend stock, though. I picked a random number over that time frame, but even if the token price is constant, you're continuing to earn your % of revenue as long as Illuvium the gaming studio is making money. When you sell ILV, you're capturing the price difference and also foregoing all future revenue distribution.

[swift oasis]

It’s going to be a decent bleed look at the market caps and you’ll understand

[alpine vault]

None of us know for sure and are just making our best guess about other people's intentions. We'll all find out soon just how much of an impact the pre-seed and seed unlocking has :)

[sturdy tangle]

It's just my opinion but as an early investor they probably had to enter with a large sum of money each. As their investment has risen 500x - 160x even though they are still bullish in the project is very normal to take some profits to recover initial capital and regain some capital for different projects. From March 22 to March 23 the token availability will go from 600k to more than 3M which is significant dillution. Game theory says if they all hold tight to their positions it would be optimal in the long term but as they are separate entities making calls independently they must sell it first because if they don't others will and they will be left behind. That being said I am bullish in the project and I will take the opportunity to buy more token but my expectations for the next 12 month is that the revdis effect won't offset the realisation of initial profits. Again just my educated guess it can be completely wrong.

[hearty scaffold]

Something else to consider - if seed investors take some profit, which I also expect to a small extent, there will be other investors like myself waiting to take advantage of the price. If this happens before land sale, illuvitars, staking V2, beta, even better!

And then you think that if a little dolphin like me recognises the opportunity with respect to the roadmap, then quite possibly so do the seed investors…. In which case it’s also good as they will hold more than we all expect.

TLDR - either way if seed investors sell or not, it can be beneficial considering the upcoming roadmap

[sturdy tangle]

Agreed

[gloomy gazelle]

The tokenomics post on medium is a good place to start. There’s a few facts below as well. The apy we were seeing before the pause on staking was around 30% for ILV only and 300% for the eth/ILV pool. But with ILV price down it’ll probably be closer to 200% now. But I’m not certain about that 200%. There’s some other mods that have some good info if you have more questions. Don’t trust people that DM you first. There’s a lot of impersonators trying to take folks funds.

[woven ibex]

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

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

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

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

[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:

• Acquire either ILV or Sushi LP tokens.
• Go to the official Staking App.
• Enter the right pool according to the tokens you acquired.
• Decide your lock duration. The longer the lock, the higher the weight.
• After approving the contract, confirm the staking of the desired tokens.

[gloomy gazelle]

!lp

[woven ibex]

Providing liquidity is done via an ILV/ETH Pool on SushiSwap and requires multiple steps:

1. Buy ILV and ETH
2. After approving the Sushi contract you stake a 50/50 value ratio of ETH and ILV
3. You receive SLP tokens. (To see them, add the SLP contract address to your wallet)
4. Stake the SLP tokens through the Illuvium Staking App and set your lock period.

See #🔗〕helpful-links for official links.

[hot lynx]

So much @woven ibex action 🤣

[ashen dust]

I personally don't why anyone that has a long term staked position is worried about seed investors dumping. I actually hope they dump, although I don't think they will. If they dump and the price goes down, then I will receive more ilv from revenue distribution. All I'm trying to do is get as much ILV as I can possibly can before people realize how good the tokenomics are. The seed investors dumping will help me get more ILV. So I say, dump away!!

[gloomy gazelle]

Short term loss is hard to swallow for anyone that feels like they could/should have known to sell the top.

[hot lynx]

Not sure the token unlock has anything to do with more RevDis for you. It's 3M more tokens sold or held or staked it's 3M more simple 😂

[gloomy gazelle]

I don’t fool myself into thinking I’m a good trader. That’s why I’ve accepted whatever gains I can get with staking. Being around when ILV token launched sure was helpful for keeping me in the black. Even though I was down for months.

[hot lynx]

Hi Pelican good to see you mate , same same for me

[toxic spoke]

If we've been staked all this time, we get auto-rolled into V2, correct? no need to make any moves?

[gloomy gazelle]

We will need to do a transaction to get our stake upgraded to v2.

Some more info is pinned

[toxic spoke]

thanks, I'd heard that, but I could've sworn I'd heard otherwise ealier. Thanks!

[hoary jacinth]

Are the notes here still accurate? Anyone that restakes does not earn rewards during the pause period? Seems crazy to me, there is no incentive to stake anything new right now then!

[gloomy gazelle]

The website doesn’t naturally allow you to stake

[hoary jacinth]

I unstaked and restaked my SLP just fine.

[gloomy gazelle]

You may have been able to dig deep to find a way but it’s literally turned off.

[hoary jacinth]

Admittedly this was a few weeks back. SLP was unlocked and I wanted to relock at a higher multiplier.

Since restaking I have earned exactly 0 rewards (on ILV and SLP), which would suggest this was done during the emission pause.

[quaint plover]

so v2 staking come out yet, i am sure this gets asked a lot

[gloomy gazelle]

Yeah that does make sense.

[gloomy gazelle]

Not yet.

[quaint plover]

ah okay no worries, been a few weeks thought i would check in

thanks are we thinking next week? or the usual still a few weeks away?

[gloomy gazelle]

Maybe next week.

Aaron had said audit should be done this week even.

[hoary jacinth]

I unstaked and restaked on 19-Feb. Seems like that was during pause period

[gloomy gazelle]

#📣〕announcements message

[serene crater]

so soon..

[sand carbon]

Wen

[left shore]

Soon

[sand carbon]

I mean game Release

[left shore]

Q3

[olive shoal]

Is there an announcement for delay to q3?

[stark ginkgo]

aprox date for staking v2? 😦

[knotty heron]

Friday

[left shore]

No. You have to go true every interview on the internet to deduct it

[olive shoal]

But I wanna live in illusions and fantasies

[eager rover]

https://tenor.com/view/dog-husky-soon-gif-7801078

[carmine agate]

https://tenor.com/view/dragon-ball-super-saiyan-goku-gif-5009523

[atomic lagoon]

lowest gas I have ever seen

[tawny hare]

Fully agree - I have a decent amount of capital sidelines if the price takes a dive 😄

[tender crag]

Wen?

[carmine agate]

https://tenor.com/view/cat-computer-typing-fast-gif-5368357

[proven valve]

when>?

[stoic arrow]

It’s coming soon. Trust me 🤓

[turbid flicker]

hello everyone, could someone help me? I staked 1.02 ILV approx. 45 days ago, but I see that I have not received any earnings ... did I do something wrong?

[stiff sleet]

i think rewards are paused...

[turbid flicker]

ok, but is it correct that I don't see any compensation?

[cunning perch]

You might have staked on the contract level and therefore will not get any rewards. Your reward accumulation (specifically your rewards and not older stakers) starts after Emission resumption (two weeks after V2 deployment). Staking has been paused for 2 months now.

[turbid flicker]

thanks ... what do you advise me to do? do I take off the staking and wait for the V2?

[cunning perch]

If you have locked it, then it's locked. You can't touch it. You can upgrade to V2 when it's deployed

[ember ginkgo]

https://tenor.com/view/touch-canttouchthis-ucanttouchthis-mchammer-musicvideo-gif-4723913

[turbid flicker]

it has been blocked for a year ... but anyway as soon as the V2 comes out it goes automatically?

ok thanks

[cunning perch]

No, when it is deployed, you gotta upgrade (pay 1 gas) and then it will use V2 features (Yield + RevDis)

And watch out for scams (DMs)

[turbid flicker]

yes, thank you

[olive shoal]

what are the risks of trading silv2 on uniswap?

[carmine agate]

risks? in crypto? 🧐

[olive shoal]

as if I plan to use them in the land sale, what would be the risk

[carmine agate]

you cant sell it back, if there is no pool

[olive shoal]

why would I wanna sell it back if I can just use them in game

[carmine agate]

jeez you asked me what would be the risk

[olive shoal]

sorry, i just didnt consider that reselling would a risk cos I wanna use them anyways 😂 . my bad

[carmine agate]

what if your spouse find out you are spending that much money on a digital land?

[olive shoal]

oh Im single af

[carmine agate]

good

https://tenor.com/view/freedom-horse-shouts-gif-5757772

[olive shoal]

besides my whole family is investing in crypto, but I'm the only one interested in nft games

[spring dew]

eta on when staking resumes?

[ember ginkgo]

Soon

[spring dew]

thx!

[left shore]

Will we keep the timing of ‘this week’? Stay tuned folks! 😳

[digital narwhal]

Have we received any update wen v2 will become available?

[ember ginkgo]

soon

[serene crater]

soon..

[hushed valley]

soon....

[mint cave]

soon......

[left shore]

Soon……

[coral pike]

soon.............................

[brisk surge]

not soon

[verbal heron]

https://tenor.com/view/illuvium-ilv-yield-farming-yield-farm-play2earn-gif-22986338

[brisk surge]

its march 14th and staking isn't here

[queen grove]

So let me say before my main gripe that I'm locked up. I didn't have the flexibility to get while the getting was good anyway so I'm not crazy mad at all of this from a HODL perspective cause I'm stuck until August anyway.

My main concern is that when we come out of the fog on the other side there will be half of what I've calculated should be in there and I won't be able to check the math. The response will be "so many people joined the pool during the communications blackout and you can't expect to have gotten the same rate of return for the past 2 months." It's still not something I would have had control over I guess. I did sign the contract. But if I come out of this shadow having only made 10 instead of 20 ILV over the past 90 DAYS with no way to check new arrivals eating up all the emissions, I'm going to leave the project ASAP actually spread FUD on my platforms. I was here for the overworld/Pokemon-wrangling and I can find that elsewhere.

I guess that was mostly me venting a bit of frustration because I was overly-hyped about this project and now all I get to do on Discord is watch Star Atlas, so I guess what I'm actually saying from a productive side is asking the question: is there a place we can check the math? How many new tokens have been staked since we limited it to new investors instead of those of us who wanted to claim and compound <---I'm kinda mad about this too, but c'est la vie. Death to hackers.

[brisk surge]

There is no dilution from people adding stakes. Only the people who were staked at the start of the reward pause will get rewards from then until staking V2 starts. The only decrease will be from the standard 3% reduction in emissions every 2 weeks.

[queen grove]

They were allowing new stakes for a while. Only restaking was on hold the whole time because of the sILV dust problem.

I agree that this past month where its been super dead has actually been pretty good for us. No dilution at all. We're actually making out like bandits.

[brisk surge]

The contract was paused on 1/19 so since then nobody new has been added to reward calculations. I agree 2 months without any dilution is actually a benefit for most stakers.

[elder dawn]

I just did a video on this yesterday - being selfish, this was the best thing that could have happened to people already staking in terms of rewards - let anyone who wants to leave withdraw, but stop new staking for two months. Before the pause, we were getting 5%+ dilution monthly in the SLP, and 10%+ dilution in the ILV. Since pause, ILV is largely flat (due to people withdrawing claiming as ILV to start vesting due to sILV being out), and the SLP was down 4%. Once V2 and unlock hits, there will be a ton of rewards entering the ILV, and I expect a lot of seed/team tokens to quickly dilute the SLP. Enjoy the last few weeks here.

[brisk surge]

don't worry. there isn't going to be new capital introduced to farm this. Infact in the past 2 months alot of people exited. So you will get more rewards because they forfeited theirs

[elder dawn]

very few people exited - ILV core pool down less than 1% since pause, SLP down 4% since pause. Said differently, the ILV pool is pretty much right where it was before pause (claimed ILV of people exiting pretty much offset people exiting), and SLP is at 96% of the pool volume at the time of the pause. Rewards are around 88% of what they were when the pause started due to the regular 3% fortnightly decay. Don't expect a windfall of rewards due to people unstaking.

[brisk surge]

SLP will get more rewards because people unstaked and sold.

[elder dawn]

they didn't. There were 99,900 SLP tokens staked when the pause started. There are 95,900 SLP tokens today. There wasn't a mass exodus, just a 4% decrease. I'm fine with that as someone in the pool, but total rewards are down over the two months.

At the time of the pause, 1 SLP (at 1x weight) was getting 0.02 ILV rewards per day. Today, accounting for the withdrawals and the fortnightly decrease, I estimate its about 0.0185 ILV per day.

[brisk surge]

You are not including the boost to make up for lost time

[midnight crow]

How many ILV produced from 1 SLP staked at x2 since Jan 19?

[timber sequoia]

there is no boost

[brisk surge]

There is a boost.

[timber sequoia]

Man please, cant do the maths by yourself ?

[brisk surge]

It is on the website under What will happen to my rewards

[timber sequoia]

it was a missunderstood... no real boost, Just dust

[brisk surge]

Why is it still on the website

"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."

[midnight crow]

What is the math? I would be happy to calculate.

[cunning perch]

This is the only thing I see on the staking website.

[brisk surge]

Staking V2 and then What will happen to my rewards

[timber sequoia]

its not a real Bonus... its Just during 2 month we had a better APY du to the freeze périod

[cunning perch]

what ever you had before the pause you will have, whatever you were supposed to get normally during the pause you will get that's it. No bonus

[brisk surge]

Yes, except now there is 4% less people trying to get the same thing

[cunning perch]

@elder dawn explained it pretty much detailed here.

#🥩〕staking message

[timber sequoia]

At the time of the pause, 1 SLP (at 1x weight) was getting 0.02 ILV rewards per day. Today, accounting for the withdrawals and the fortnightly decrease, I estimate its about 0.0185 ILV per day.

[midnight crow]

So, ((0.02 + 0.0185)/2)*54 x2 = 2.079 ILV. Ok. Thanks.

[brisk surge]

There was 1000 ILV to be distributed to 100 people. If 4 people left the 1000 would be distributed to 96 people. Slight boost

[mental tangle]

https://tenor.com/view/saltbae-beat-meat-gif-10596161

[mental tangle]

What if I have 0 ILV bc it's locked in a protocol until $0

[carmine agate]

https://tenor.com/view/wen-reverse-gif-23807834

[brisk surge]

then you sue

[carmine agate]

really need an update on V2

[raw basin]

i stupidly pulled out 3 slp 2 days after staking was paused and i understand i get no rewards for the remainder of my slp that are staked however do i still get my rewards for my illuvium that are staked in ilv only pool?

[carmine agate]

you still accumulating yield if dnt unstake

[brisk surge]

Nope. If you unstake during the pause you get no rewards for the pause duration.

[carmine agate]

sorry forgot to put "dnt"

[brisk surge]

I’m not sure if it’s per pool or per wallet that they check.

[carmine agate]

should be per wallet

they'll compare the snapshot at the hack and snapshot at V2 release

[raw basin]

Ok cool this is getting out of hand how long it’s taking I could stomach losing thousands but now it’s getting into the tens I’m loosing my shit.

[brisk surge]

Audits should be done this week. Hopefully new contracts deployed soon after that.

[small shell]

Ive been gone for a while and wanted to know how to claim sILV2. I already had quite a bit of SIlv and ILV in the stake pool. Is there an instruction

[carmine agate]

https://tenor.com/view/funny-very-sloth-slow-gif-15401812

[celest yacht]

Check the medium article for illuvium

[pale trellis]

I'm ready for V2 staking now.

[ripe finch]

ok I need STAKING V2 TO GO UP. like VERY SOON. I cant take this anymore. every day I am checking staking and it is staying the same. every day, check staking, same staking. I cant take this anymore, I have over invested, by a lot. it is what it is. but I need the staking to GO UP ALREADY. can devs DO SOMETHING??

[carmine agate]

https://tenor.com/view/lol-sloth-happy-relaxed-chill-gif-12988783

[ember ginkgo]

Soon

https://tenor.com/view/marge-simpson-the-simpsons-shy-shame-ashame-gif-16916873

[gleaming brook]

I am still waiting too…

[cinder escarp]

Everybody is

People are gonna give up on this project like this

[ember ginkgo]

The team said big things will happen this month, 2 more weeks to go. Stay strong 🙏

[carmine agate]

https://tenor.com/view/1inch-1inch-exchange-1inch-dex-defi-crypto-gif-24852652

[olive shoal]

I'm excited for this week's interview with Kieran. He is gonna talk about the land and many awesome things

[ember ginkgo]

I feel like we all need a good AMA

[olive shoal]

What does AMA stand for

[ember ginkgo]

Google says "Ask me anything"

[olive shoal]

😂

[cunning perch]

you didn't know?

[ember ginkgo]

This is not an AMA, leave me alone

[cunning perch]

https://tenor.com/view/funny-chanclas-chappal-gif-22220732

headshot lol

[ember ginkgo]

https://tenor.com/view/cat-hide-sofa-gif-5892045

[carmine agate]

i thought fraggy knows everthing, hears everything

[ember ginkgo]

Been a bit busy last week 👀

[carmine agate]

with your 2 "jobs" ?

[ember ginkgo]

Ser, this has nothing to do with #🥩〕staking

[carmine agate]

no sht

ur not a mod you have no power here mwahahaha

[ember ginkgo]

I can be a snitch 👀

[carmine agate]

u know what ryhmes with snitch?

[ember ginkgo]

Somebody pls make me mod so I don't have to be a snitch 👀

[carmine agate]

snitch get stiches

im calling my mom

[ember ginkgo]

That's what a snitch would do

[carmine agate]

https://tenor.com/view/mom-gif-10756105

[queen garden]

Hey lads! Could anyone tell me again how many ilv there are kept back for revdis?

[ember ginkgo]

ILV for revdis will be bought on the open market

[rapid sentinel]

When will it happen?

[carmine drum]

This reminds me of a song that 2 guys on a bike pick up anyone they saw on the street 🧐

[carmine agate]

whts the name of the song

[left shore]

this you?!

[rapid kestrel]

Wen wen wen

[left shore]

think again... he failed us this morning on a routine question😳

[left shore]

soon soon soon

[carmine agate]

https://tenor.com/view/billions-of-dollars-at-stake-ashley-garcia-the-expanding-universe-of-ashley-garcia-a-lot-of-money-on-the-line-a-lot-at-stake-gif-19241044

[cunning perch]

lol I can never throw stuff that good 😄

[queen grove]

How do you check the SLP composition again?

[olive shoal]

they will announce it later this week