🥩〕staking

[livid light]

ILV rewards will make more ILV and RevDis if and when it comes

[rapid kestrel]

Check your vesting page if you selected ilv they should be there locked for 365 days

[strange hornet]

sILV pool live yet?

[livid light]

It has been on uniswap

[strange hornet]

ohh schweet, danke

[ember ginkgo]

The team is not going to make a pool. But somebody else made a pool on Uniswap

[strange hornet]

sure like last time right, at your own risk

[nocturne tendon]

yes i do have rewards on the vesting page locked up 365, i was wondering what that old silv was

[livid light]

Always ❤️

[ember ginkgo]

No refunds 😄

[nocturne tendon]

not sure if that is suppose to be included in the rewards?

or maybe it already was and the old tokens are just to be discarded? just want to know

[queen garden]

are there news on current apy? at least estimated? 🙂

[ember ginkgo]

#🥩〕staking message

[queen garden]

thanks mate

does anyone know the estimated gas fees to stake in slp pool?

[rapid kestrel]

I also have some old silv, they’re worthless now

[spiral summit]

I didn’t know if a transaction fails, it still takes your money

[nocturne tendon]

yeah i need to know whats goin on with the 109 silv, its a lot of money

[barren valley]

I thought that happened to me too, but it showed up on my account afterwards.
Edit* - was this when claiming the rewards/upgrading?

[spiral summit]

Yes

[rapid kestrel]

Wow thats alot

[proper prairie]

Well the rewards are 10x but revdis is only 0.5 and also ther is impermanent loss (still it should be better than normal pool at the moment) NFA

[barren valley]

Did it say transaction blocked and replaced?

[strange hornet]

Anyone point me in the direction on UNI where i can find the "unofficial, zero responsability, high risk" token name for the new sILV2 to buy and sell please?

[ember ginkgo]

#🔗〕helpful-links

[open flax]

First time staker, should I go with the ILV or ILV/ETH core pool?

[coral pike]

read these it should answer all your questions about staking and the 2 different official pools. #🥩〕staking message

[strange hornet]

I love you Fraggy

[ember ginkgo]

Prove it

[strange hornet]

Ohhh boy.. well uh

[strange hornet]

In the most masculine way possible of course.

[ember ginkgo]

It's ok, I don't judge

[muted valley]

I have staked a few hours ago... but the amont doesn't show up in the dashboard or in staking... does it take time to do that?

[ember ginkgo]

Can you see it in the vesting tab?

[muted valley]

no

[uneven fulcrum]

Do I need to withdrawal and re stake my LP rewards if they are not locked? I cant seem to find a clear answer on this. Only 1 had that had the red V1 symbol. The other 2 are not red but say V1.

I withdrew and re staked with the one that was red but not the others.

[naive hull]

Kinda deep question on how staking works.
After you lock your tokens, where are they? Who owns them?
I'm I giving them to Illuvium and getting them back after the lock period? Or are they in my wallet, just locked for a certain period?

[brisk surge]

They are locked inside the staking contract.

[naive hull]

And the staking contract is on the blockchain?

[brisk surge]

Yes.

[alpine vault]

I can't wait for all the coming soon buttons on the staking site to turn into claim buttons

[brisk surge]

Ownership with crypto is sort of funky. 'You' dont really 'own' anything on the blockchain because your name isnt on it anywhere. Your WALLET owns the coins that are in it but it only feels like you 'own' that stuff because you CONTROL the wallet. If somebody else has control of that wallet, they also essentially 'own' the coins in that wallet.

[naive hull]

I get that, I was just interested on what is going on with tokens after I lock them.

[brisk surge]

That little yield boost when rewards started up was nice.

[coarse igloo]

this is totally bugged right ? 😂

[silk meteor]

Does anybody know exactly what time today staking rewards started to pay?

[regal relic]

I wish it’s not hahaha

[coarse igloo]

nah it totally is, it's what happens when you click stake after opening the details first

[regal relic]

Oh ok so what’s the real APR then ?

[fleet coral]

Ok some one help. Last time.
What is the difference between ILV Pool and ilv/eth pool?
And how/where do I get the SLP to stake?

I want to be able to get gaming tokens the silver to pay for in game purchases

I appreciate any help

[coarse igloo]

i'd recommend you to ask that question to Youtube as a lot of content creators went through the effort of explaining all of this very well and will offer you a way more accurate answer 🙂

[elder dawn]

Search "All You Need to Know about Illuvium Staking! (Deep Dive) Vetemor" on youtube and watch the top video. slightly out of date, but still 90% accurate. (image is Illuvium Staking Explained)

[fleet coral]

And where can I buy the slp?

I've watched a bunch of videos. But my head is fried from work. I'm pretty much brain dead right now lol

[elder dawn]

you need to go to sushi.com, and add to the ILV/ETH pool, when you pool on sushi, you receive a new token representing your share of the pool, a sushi liquidity pool token, or SLP. I would make sure you understand these before diving in. Vetemor does a good job in his video, or watch others on providing liqudity on sushi.

[red holly]

If you scroll up I found some helpful talk about it as well. #🥩〕staking message

[cyan rapids]

can anyone link silv2 chart

[fleet coral]

Thanks and in the ill/eth pool o can get gaming tokens ?

[boreal cape]

sILV2 is the in-game token. You can acquire it as a reward when you stake in EITHER ILV or ILV/ETH pool. But of course, different APYs. You can also buy it somewhere, sorry I forgot where because I don’t buy it 😅

[topaz wind]

@fleet coral, you can buy it unofficially on uniswap but do some research first as there are risks

[topaz wind]

right now you can buy an Silv2 for 225 dollars

[topaz wind]

hey could a mod help me out here, I went to upgrade to V2 and my transactions failed and stole my eth https://etherscan.io/tx/0x0c4a5c0d34d653c130107d2b6ba622f41ff06c05ca2cf1de6b411e382be1c1a8 @cunning perch

[quiet hatch]

I had a look, but don't really understand why it failed. Seems like you had more than enough ETH for gas.

The gas limit seems high, but I can't remeber what the default is... Hopefully someone with a better understanding can help :)!

[topaz wind]

yeah I just used the default metamask gas

[proven timber]

dumb question but how do i create the SLP liquidity token in order to stake it on the illuvium site ?

[alpine vault]

How is the market cap of ILV less than than the value of ILV staked? The staking dashboard says the MC is $402m, and there's $777m staked in the ILV pool + ~140m in the SLP pool.

[topaz wind]

because if they are locked they are not in circulation so therefore not part of the market cap

[topaz wind]

go to sushiswap and there is a tab there to add liquidity

[proven timber]

@topaz wind thnks

[fleet coral]

Where can I buy SLP? I thought that was for axie Infinity

[alpine vault]

ahhh, didn't realize MC only takes into account fully liquid tokens. Would tokens that are vested count towards market cap, or is anything in the staking contract not counted?

[topaz wind]

I dont think vested count either but im not positive

@crimson cipher any chance you could help me?

[quiet hatch]

That's the difference between

Current market cap - comprised of only tokens that are in circulation/liquid
And Fully diluted market cap - based on the max possible supply

So I don't think vested tokens count towards current market cap (those technically haven't been made available yet)

[topaz wind]

@dusky rock or @brisk surge either of you guys on?

or @eager rover

[crimson cipher]

it didn't stole your ETH, if you do a transaction on the blockchain and it fails, the ETH is always consumed

[topaz wind]

why did the transaction fail though?

[proven timber]

Can someone give me a "explain it like im 5" explanation on rewards ? If u lock ur intial investment for 12 months is your reward locked up til then as well ? Not sure i understand the vesting ?

[jolly otter]

Weren't the gas fees supposed to have gotten cheaper on V2?

[topaz wind]

how am I to continue to get my rewards from staking if it wont let me upgrade to V2.

[topaz wind]

so the time that you rewards will be locked up it 12 months from the day that you claimed the rewards. So if you stake in december and claim your rewards in march, then your rewards will be vested and then able to be withdrawn in march

[crimson cipher]

you need to raise the gas limit

[topaz wind]

so you cant upgrade to V2 until you raise the gas limit?

[crimson cipher]

this as nothing to do with V2

it's the gas settings you have, it's the same for every transaction on the blockchain. If you don't give enough gas, other people will take your place in the block and your transaction will fail

[topaz wind]

but I just used the default settings on metamask and still had another 50 dollars worth of eth in my wallet

[crimson cipher]

you probably initiated the transaction when the gas went up, you hit the gas limit so it's didn't take the rest in your wallet that's why you need to raise the limit

[fading bay]

Guys what happen to the SLP after the stakes finishes, i withdraw the SLP token ? and then, if i dont want to stake, have i to convert the SLP again in eth+ilv ?

[topaz wind]

yup

[fading bay]

ty

[fleet coral]

Can you not claim silv2 instantly thought for gaming ?

[fleet coral]

I'm confused. Is this the same slp that axie uses?

[brisk surge]

Slp means sushi liquidity pool i think. It just refers to the lp pair of ilv-eth.

[fleet coral]

So how do I buy? I can't find out how

[brisk surge]

Check pinned messages https://staking.illuvium.io/staking-v2

[fading bay]

you have to make that token

joining eth/ilv in same value ( not numbers ) for example 1 eth ( 3300$) / 5.x ILV ( 3300$ )

[proven timber]

if u have 1 illuvium token and use it to create a SLP token and then staked the SLP in the ILV/ETH pool for rewards. Would you still also receive Rev distributions for that 1 illuvium token when they occur, or would you only recieve rewards from the ILV/ETH pool ?

[fleet coral]

How do you make the token? I can't find anything about that online

[fading bay]

plenty of guide, i thjinkg also a pinned message here

[fleet coral]

I cant find

Fuck this

[uneven fulcrum]

https://www.youtube.com/watch?v=C6YugU4zZr4

[quiet hatch]

I'd you can wait till the weekend, Saturday/Sunday is usually the lowest gas prices by far.

I managed to upgrade the ILV and SLP pool for $10 and $12, at 17gwei and 23 gwei.

It's very odd that the gas limit (which is different from the gwei/gas price) was wrong/too small though.

So perhaps raise the gas little a little, and wait until gwei is ~25gwei or lower if you can

[tight hazel]

Can we claim ilv/eth now without having to claim ilv too? I forgot how that worked in the past

[fleet coral]

Doesn't help. It's different process now

[uneven fulcrum]

Same process just slightly different navigation on the website.

Does anyone know the answer to this question. Do I need to withdrawal and re stake my LP rewards if they are not locked? I cant seem to find a clear answer on this. Only 1 had that had the red V1 symbol. The other 2 are not red but say V1.
I withdrew and re staked with the one that was red but not the others.

[strange hornet]

Dreadfulz is hacked BEWARE

[uneven fulcrum]

I am with you however. No one on this Discord is helpful.

[earnest geode]

As long as you upgraded you should be good. They weren't staked flexible, were they?

I missed the rewards part. I don't think so. As long as they have a multiplier next to them on the vesting page I think they'll still accumulate. The mods are the experts, though.

[earnest geode]

Look up Vetemor on YouTube, he has great explainer videos and walkthroughs. Also check out Illuvium's main YouTube channel. Instructional videos on the new staking. They'll be adding a lot more videos moving forward.

[fleet coral]

All I want to know is how to make thos shitty slp token. I went onto sushi and the opens wallet but then it brings me to page of choosing the illuvium or eth

[main spruce]

You guys think the value of ilv will go back to its highs once the game releases

[ornate loom]

I already answered you in another Channel.

[potent sable]

Where is the slp contract address

[topaz wind]

https://www.youtube.com/watch?v=ytEpbl03vQY watch this video

[gloomy gazelle]

#🔗〕helpful-links

[woven ibex]

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

[earnest geode]

I can't post the link, but if you search for the Sushiswap pools, you can change the bottom token to ILV. Double check all the contract addresses and use the links in #🔗〕helpful-links. I usually hit max for ILV, it automatically matches it with an equal amount of ETH. Once you process the transaction, head to the official Illuvium staking website and stake away. Do check out Vetemor, Scoriox, and Volkin on Youtube.

[potent sable]

Planning on doing updated shorthand vid tonight

[topaz wind]

noice noice noce

[haughty valve]

is there a way I can lock my tokens for longer without withdrawing?

[gloomy gazelle]

!lp be sure to use the legacy tab.

[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.

[gloomy gazelle]

No there is not.

[gloomy gazelle]

The only claim needed to upgrade to v2 is the one that is part of the ILV pool upgrade. It claims all rewards from both pools in a single transaction.

[gloomy gazelle]

Only those deposits that were FLEXIBLY staked need to be withdrawn. The stuff locked in v1 can’t leave v1. But now v2 can read it. This pinned message should help ease your mind. #🥩〕staking message

[uneven fulcrum]

You have to go to sushiswap and click on the liquidity tab to add the liquidity. That is what it turns it to the SLP token. It is in that video I sent the link to.

[gloomy gazelle]

@fleet coral this post shares the new navigation bit…#🥩〕staking message

[uneven fulcrum]

I can currently withdraw it If I so choose. I believe that they were staked for a period of 3 months and became avaliable for withdraw prior to the migration. I would assume they are good since the V1 logo to the left is not red.

[gloomy gazelle]

Yeah that sounds good to me as well

[random sigil]

so i upgraded to V2 yesterday paid the gas and upgraded and still asking me to upgrade today and when i click the link it pops up with 3 error codes anyone can shed light? im sure this has been asked a billion times

[uneven fulcrum]

Thanks.

[gloomy gazelle]

This is fairly new to me. What does etherscan say?

[short notch]

I upgraded the day you could then checked this morning before work and it gave me the pop ups to skip again but I seen I had accrued some new rewards so figured it was working. Did you have rewards there?

[random sigil]

I staked about a little over a month ago so it hasn’t shown any rewards yet but I upgraded yesterday and it went through and today asking me to do it again im not sure what to do because when I hit upgrade it just pops up with error codes

[proud ivy]

Rewards live baby! Yewwwww!! 💜

[gloomy gazelle]

Did the upgrade transactions get processed on etherscan?

You may solve the error popping up by clearing your browser cache

[random sigil]

Yes they did it was like 45$

[gloomy gazelle]

https://tenor.com/view/this-up-gif-8606566

[midnight crow]

Did you just "this" your own post? 🤣 It is good advice by the way!

[surreal crater]

Have the apys updated yet

[gloomy gazelle]

https://tenor.com/view/for-sure-sure-alright-okay-late-night-gif-12884583

[gloomy gazelle]

Yes

[gloomy gazelle]

It helps remind people to look at it.

[midnight crow]

Like restarting your computer. That solves so many problems.

[exotic vessel]

hmm checked above a bit but didn't see any: I'm getting "Error: cannot estimate gas; transaction may fail or may require manual gas limit" and it doesn't let me proceed (when trying to upgrade ILV pool)

[gloomy gazelle]

You may solve the error popping up by clearing your browser cache

[random sigil]

yea that did not work that is the exact error im getting cannot estimate gas

[exotic vessel]

didn't work for me either

[gloomy gazelle]

Did you restart the browser afterwards?

[random sigil]

yes sir

[gloomy gazelle]

Hmm sounds odd. Maybe disconnect and reconnect your wallet. Not sure. I’ll bring it up the chain.

[gloomy gazelle]

Oh wait. Here’s it is. The stake was after the pause started in January.

[gloomy gazelle]

What about you? Did you stake a new deposit between like January 15 and March 24?

[exotic vessel]

nope, been staked for 6 months

[gloomy gazelle]

The v1 contracts were not actually running during the pause. But unfortunately technically it was possible to stake. The team is working on a solution.

[gloomy gazelle]

Well that’s not your problem then. Good.

[random sigil]

I was able to upgrade yesterday paid the 43$ in gas but now it wont let me just that same error code

[gloomy gazelle]

I’m going offline at this point. Sorry guys. Someone will be around to try and help more. I’ll be back online in several hours I think.

[muted valley]

I deposited ILV and ETH for the SLP pool about 3 hours before the start...it sid to do that to get rewards as soon as it opened.... It was done on the blockchain and SLP contract and went through.... the ETH and ILV were taken from my wallet.. When I sign in now I can not see any staked or vested SLP....how do I see what I deposited?

[final steppe]

Hey Gandalf-- so you added ILV and ETH to the SLP on Sushi.
After you deposit your ILV and ETH, you receive SLP tokens in return. Then you must stake those SLP tokens on the Illuvium staking site.
Did you follow those steps as well?

[proud moth]

Maybe you can try different browser. Or try reinstall metamask. @exotic vessel this is for you too

[muted valley]

It gave me SLP tokens.... how do I stake them? I have 2 transactions on Sushi.... 1 to approve it and then the buying of the SLP...how do I stake SLP now?

[final steppe]

Once you have your SLP tokens, you take those and stake them on the Illuvium Staking site.
You can click "Staking" at the top, and then you click "Stake" for the ILV/ETH Pool

[random sigil]

yea that did not work either tried different browser, cleared cache, restarted still saying i havent upgraded when i did yesterday now just that same error code over and over "Error: cannot estimate gas; transaction may fail or may require manual gas limit" and it doesn't let me proceed (when trying to upgrade ILV pool)

[muted valley]

I have attached my wallet and hit stake..... it says I need to approve mu SLP.... I did and charge $4.59 and wait for showing..... goes round and round.... doesn't access my SLP....

[proud moth]

Maybe it's like pelican said. You may wait a bit as the team is working on a solution

[muted valley]

IT says it's working on it.... just won

won't go through.... So there is a problem they are trying to fix?

[brisk surge]

You need to wait for the transaction to complete. It says pending right now.

[muted valley]

How long does it ususally take?

[pale lily]

If i have previously locked v1 deposits that I am now able to withdraw, they are currently earning yield yeah?

[brisk surge]

It’s an ETH transaction so it depends on the gas.

[proud moth]

Have you upgraded the pools? If yes then yes it's earning yield

[pale lily]

yeah I have upgraded the pools, cheers

[median canyon]

Did anyone DM you after you asked for help?

[muted valley]

no...just waiting... and used spped up....been 5 min

[lilac ibex]

Can i DM you about staking please. I'm confused and concerned.

[proud moth]

You can ask here. Aaron might be too busy

[lilac ibex]

So i staked v1 AGESS ago and only 2 days ago I thought I claimed and staked in v2 ILV

Today I checked my vesting and can still see my v1 ILV still locked and the recent claimed amount.

[proud moth]

Have you already upgraded the pools?

[lilac ibex]

Was the v1 suppose to move to v2?

[proud moth]

It doesn't move. The upgrade allows v2 to read v1. Your deposit stilll V1

[lilac ibex]

Is there somewhere I can see total staked? which will be my v1 plus the claim i made 2 days ago?

[misty prairie]

Just a question, but has anyone been able to confirm that the present pace of distributed rewards does in fact match the represented APY? I could be wrong, but it doesn’t seem like it

[proud moth]

The dashboard

[muted valley]

Its been about 20 min... gas at 40 shouldn't take too loong.... I hope this isn't this way when we try to buy land and we can't get the transactions through......I'll keeep waiting ...

Plus I used speed up

[proud moth]

The current gas now is like 50. You might have to wait till it comes down

[muted valley]

Do I just wait... or have to spend more money and cancel the last trade and speed up and send it again?

[proud moth]

I think it would come down to like 20-30. You can wait if you want to save your gas fees

[clever swan]

New Rewards page is so much better combining all the rewards into one claim. thank you to the the team to figuring this out 😁

[trail iris]

Yo the pending rewards is just what has accrued since v2 went live yesterday?

[proud moth]

Yes

[clever swan]

What happens when I press this 'Claim Rewards' button on the dashboard page? Does it take me to the Rewards Page or does it start the claiming process? Reason I'm asking is because that amount is combining my Ilv staking and eth/ilv staking and on the rewards page I have to claim them separately. Does this dashboard button make the claim one fee instead of two fees?

[proud moth]

It should take you to rewards page. There you can claim both pools in one transaction

[clever swan]

who's gonna be the guinea pig 😂

[clever swan]

really? On my rewards page the Ilv and Eth/Ilv are two separate claims.

[proud moth]

You can try click the checkboxes there you will see the total ilv to be claimed below.

[clever swan]

ah that's cool. I guess that answers my original question then because both ways turn into one claim which is awesome

[median canyon]

My only reason to ask is because sometimes scammers will pretend to help. I just want to make sure everyone is safe.

[clever swan]

Great job on the redesign and staking/claiming process!

[median canyon]

On Ethereum layer 1 it can be tough if gas goes up while you do your transaction. Anything 'urgent' people tend to manually select high gas so that it can go through faster. Once we are on IMX these concerns go away.

[muted valley]

I appreciate that Aaron.... When we do the land sale, is there anything we can do to not have the fees and times not be voer 30 minutes from when we send in an offer..... this is terrible..... yo could never know if you have a chance for the land.... and it would make the Dutch Auction fail

[median canyon]

When you upgraded you had to claim your rewards. So as long as you have upgraded then all the new pending rewards will be from just the last 12 hours.

[median canyon]

<@&794843404097028106>

[trail iris]

Dude! They're so juicy, good tidings to you and your fam.

[median canyon]

I think you're pretty new to this. Most understand that you need higher than average gas fees if you have something urgent. It looks like you put in low fees and then on top of that gas spiked. It should be ok.

We can't do the land sale on IMX but the minting of NFTs will be on IMX which means the gas fees for the land sale will be about $4m USD less than if we did the minting on layer 1. Maybe do a few more transactions before the land sale to get a good feel for it so that you can have a successful land sale.

[muted valley]

OK...thanks

all my ohter transactions went through in less tan 30 sec this AM with Gas at 25-30,,,I didn't realize that 48-50 would be sooo sssllloooowwww

[median canyon]

It's dropped down a bit now. It might go through soon.

[misty prairie]

Has anyone confirmed?

I feel like I’m being overlooked right now either because the question has already been answered or maybe just no one wants to ask the question themselves? Either way, still wondering

[static crown]

it happens sometimes... i actually had the same question 10 hours ago and noone replied either... i see my number ticking and it does seem off

[topaz wind]

so if I upgrade only my SLP pool I still get those rewards even though I dont have the ILV pool upgraded yet right?

[proud moth]

I think yes but if you have previously claimed before you should upgrade that too

[topaz wind]

I havent claimed before.

I was going to do both but my transaction failed when I tried upgrading the first time so now I no longer have the funds at the moment to upgrade both pools, just wanted to make sure I could do only one

[orchid thunder]

hey guys i have a few questions:

1. i previously approved V2 but didn't claim reward and didn't do anything else. Today I check its automatically migrated to V2, does that mean my previous reward is lost or accumulated to the new V2 stake pool?

2. I bought 9.25 silV2, each is worth $223 atm, how come dashboard show that it worths $5727?

[hot vine]

1 sILV =1ILV buying power

[topaz wind]

it will be worth the same at 9.25 ILV when using it for purchases within illuivium such as land and gas

[cloud quiver]

totally forgot where the SLP pool is to create the SLP token. I do not see the link on the official links section

[median canyon]

What numbers do you have? Obviously, I think it is accurate.

[topaz wind]

you think its not giving as much as the number says or giving too much?

[orchid thunder]

what about q1?

[topaz wind]

you have to go on to sushi swap and select add liquidity and combine ILV and eth

[proud moth]

Do you still see the upgrade button?

[topaz wind]

only for ILV

[cloud quiver]

There is no link for this? Want to make sure I'm using the right one

[proud moth]

I assume clicking it will claim your pending rewards. Do you see the same numbers in the rewards page? I start to think that you might need to upgrade that pool too

[topaz wind]

I have started to get rewards from the SLP pool so we good

[proud moth]

Posting links might not be allowed here. You can go to sushi -> legacy -> add

[cloud quiver]

True. I got it now. Thanks all.

[static crown]

yeah i think it's giving me more than it should... compared to before the upgrade

[static crown]

i used to get just a tad over 1ILV / day back when the APY was 411%. now i added about 50% more SLP a few days ago, and when i checked my rewards 10 hours ago i already had 1.86

[topaz wind]

I think there was a bug when the staking first came out that for like an hour there were a lot of extra rewards given out but I think it has then since stabalized

[static crown]

yeah it has slowed down, perhaps it's giving out the right amount now

[topaz wind]

I would start the calculation now and see what happens in the next 24 hours

[static crown]

i'll be waiting for the earned daily tab to start showing me the right amount

[topaz wind]

sounds good lemme know what happens

[covert sage]

My friend can't see his claim did he wait to late to get his Silv claim?

[static crown]

probably just needs to add token to his wallet

you can find the sILV2 token contract in #🔗〕helpful-links

[analog iron]

My dashboard shows 7.06 ILV pending rewards but when I go to rewards tab it only shows .05 ILV pending rewards to claim. I only originally staked in SLP pool and I ungraded that last week to V2. Did I miss something else?

[median canyon]

We don't talk about that first hour. Just be happy. 😛

[topaz wind]

haha, unfortunatley I did not upgrade in time to snag those extra rewards, quite distraught but it happens

[median canyon]

No. It can be done whenever. If it says there is no claim then there is either no claim or they already claimed. At least on the wallet that is properly connected. The only claim that is no longer valid is the discord hack issue.

[topaz wind]

I can help him out if he cant figure it out

[median canyon]

Did you upgrade the ILV pool?

[steady trellis]

@median canyon There are no more stake/unstake function in the V2 contract ? Dune don't show me any. 😆 Trying to figure out how to correct my analytics using the V2 now

[topaz wind]

i think its just in the vesting tab no?

[glass urchin]

What happened in the first hour I missed the updates ahhaa

[topaz wind]

and in the staking tab

[hot lynx]

Hi Aaron congrats on V2 release.
Could we have the option to list a separate wallet address for the rewards to lock too , upon claims ?
Ya understand we currently can't move SLP staked Addys.

[topaz wind]

didnt you hear the man, we do not speak of it. But there was some issues with the apy in the very beginning, a few extra coins were handed out

[median canyon]

https://tenor.com/view/encanto-encanto-bruno-we-dont-talk-about-bruno-gif-24554827

[gloomy gazelle]

||I suspect no one that knew was watching chat. There was a short time where there was a bit of a boost. But I think that has been resolved.||

[glass urchin]

Hahaha okay 👍👍👍👍 thanks @median canyon 😂

[gloomy gazelle]

Ah. A father of kids.

[steady trellis]

No no, i'm not dealing with the website and interface I know well all that. Having fun with Dune analytics but can't find any function/table stake/unstake like there was in V1

[topaz wind]

ah mb lol

[analog iron]

I think so.... I only staked in the SLP and I upgraded that pool. Is there a way to tell if I did not upgrade the ILV and only the SLP?

[topaz wind]

did you every confirm a transaction after having clicked upgrade ILV pool?

[cyan rampart]

From Illvium Staking Dashboard:

[astral zodiac]

right - but how do I figure out how they calculate that?

[cyan rampart]

It's equal (+/- 30) to the number of holders, so it's just showing holders.

rip too many screens going

[analog iron]

I hope so 🙂 I honestly don't remember at this point but if I was making a transaction I know I would need to confirm it.

[median canyon]

Does it still give you the option to upgrade ILV pool?

[astral zodiac]

I can't post the link - but google 'how does etherscan calculate the number of holders'

[cyan rampart]

Are you 100% staked?

[topaz wind]

I had upgraded only the SLP pool on the main page but not the ILV pool, but it no longer gives me an option to upgrade the ILV pool

[astral zodiac]

ya

[cyan rampart]

You can search your wallet address in the list to see that fully staked wallets are NOT counted as holders.

Just check how much ILV you hold and go to the appropriate part of the list.

[analog iron]

I don't see the option anywhere on the website anymore.

[median canyon]

Ok I'll look into it.

[topaz wind]

thanks

[weak latch]

Is the max total supply of 7 000 000 going to increase over time or not? Btw congrats on V2!

[analog iron]

Thank you!

[topaz wind]

well the max total supply will be a little higher than that based off of how many of the rewards were claimed as ILV. But after that I dont think they have any plans on increasing that number

[astral zodiac]

okay i see - but I found something

I have to run - but let me know what you think about this.

its on dune

[cyan rampart]

At first glance I'm pretty sure that's for the V1 contracts still, but I'll look deeper.

[astral zodiac]

still relevant data and not much has changed so far

[steady trellis]

Not valid anymore

It's only v1, i've requested the v2 to Dune a few days ago only

[hexed bough]

Hey @analog iron can you DM me so we can take a look?

[maiden wing]

completely unrelated, but why do you display it with decimal points (.00)? should it be just 18,360?

[gloomy gazelle]

Blickter doesn’t do it. That’s probably a question for @hexed bough

[gloomy gazelle]

Super precise! 😂

[random sigil]

Did you happen have any other suggestions on how I can fix the issue with the error code when tryin to get to V2 ?

[gloomy gazelle]

Yes. If vesting rewards are counted we are already over 7.5million ILV. They are just still locked in contracts or not technically minted.

[hexed bough]

Hey @topaz wind, can you also DM me so I can take a look?

[cyan rampart]

Busted!

[gloomy gazelle]

If you send me a link to an etherscan transaction I can confirm that it was upgraded properly.

Carlos may end up needing to look at some stuff too.

[rustic arrow]

Tried to withdraw my original staked tokens which unlocked during the v1 to v2 pause and I ran out of gas...did I just lose $40 worth of eth....

[gloomy gazelle]

Hmm did it take a long time? Did you mess with the gas limit? What wallet are you using? Sometimes a wallet hasn’t been updated and runs bad estimates.

[gloomy gazelle]

Yes. You lost the gas if the transaction failed.

[rustic arrow]

Coinbase wallet. Nope, it had me verify with my thumb then said I didn't have enough and failed

Maybe it spiked right after? That's a bummer

[gloomy gazelle]

Oh. You should check if it actually got sent to the blockchain.

[gloomy gazelle]

Gwei spikes shouldn’t cause it to fail. Not really. But I don’t know what Coinbase wallet does.

[gloomy gazelle]

Whatever you do don’t trust anyone that DMs you first. If you are chatting with me in dm… it’s not me. IMPOSTERs abound.

[rustic arrow]

No worries, no DMs yet haha. I'm sure any second now though...looks like it failed and it shows the eth burned so looks like I lost it I guess

[gloomy gazelle]

Maybe your wallet has a timeout feature. But if it happened quickly it seems weird.

[rustic arrow]

Maybe I did them both too fast?

[gloomy gazelle]

It shouldn’t let you start a transaction if you don’t have enough eth. Oh well

[rustic arrow]

🤷‍♂️ thanks for the help! I'm just glad it wasn't hundreds in gas

[gloomy gazelle]

My guess is that when you did the upgrade transactions yesterday it actually worked. So now that you are trying to upgrade again… it’s not working. Because it was already done. Etherscan has the truth of the blockchain

[random sigil]

Okay so how is this fixed ? Because it’s confirmed on ether scan ?

[hoary jacinth]

@gloomy gazelle @cyan rampart thanks for your help so far with my situation. Looks like I have managed to move the SLP to v2 now after signing a transaction (button appeared to allow this). However I have ILV still in v1 (button to move ILV was there, with an error message then button disappeared).

[random sigil]

I just dm you sorry didn’t see previous messages

[gloomy gazelle]

Yeah. An issue. But I think it’s resolved.

[gloomy gazelle]

Hmm have not DMd me. Maybe your DMs are off. Try adding me as a friend.

[random sigil]

Yea I just added you

[cyan rampart]

Try clearing your browser cache maybe, restarting and trying again?

Did you do anything to get the SLP to go through or did it just show up?

[rustic arrow]

It messed up again I think! It just vested very tiny amounts instead of the whole amount. But I'm trying to withdraw my initial unlocked ILV. I don't understand what it's doing.

I'm so confused on what is going on

[topaz wind]

i dont think they are going to offset it, I think they just fixed it and lucky to anyone who got in

[gloomy gazelle]

Hopefully something like that. It would make sense. Aaron knows about the numbers.

[ruby drift]

I say we vote to go back to the hour we don't speak about....forever. All in favor?

[dark gyro]

Treasury would crash about 3 months in at that rate. So gonna have to pass on that suggestion. 😅

[rustic arrow]

When you withdraw unlocked tokens it doesn't need to vest right? Just the interest you earned on it?

[topaz wind]

so ive done my calcuation and it seems to me that each SLP is making roughly 1 ILV a month, does that sound reasonable for 300% based on prior calculations?

[gloomy gazelle]

Correct.

[gloomy gazelle]

That all depends on how much one ILV is worth and how much one SLP token is worth.

[topaz wind]

huh?

[errant crown]

in my vesting tab, I have a little V1 next to majority of my vesting funds, I have upgraded already. Is this normal?

[topaz wind]

yes as all tokens that were locked before the upgrade happened will still be staked in V1, the upgrade just allows V2 to read them

[errant crown]

ty

[rustic arrow]

So under the vested tab why does it keep adding very tiny amounts of ILV and locking for 1 year after withdrawing failed again? It has me verify twice. Is there 2 transactions that need to occur when withdrawing?

[gloomy gazelle]

You should stop doing transactions until we chat. Seems like something is getting wasted

Send me a tx or your wallet page on etherscan. I’ll take a look. You can share images in dm as well.

[rustic arrow]

DM sent!

[gloomy gazelle]

300% apy on one SLP when one SLP was worth $700 and ILV was worth $60 is very different to 300%apy on one SLP when it’s like $2000 and ILV is $600. What really matters is how many ILV we get.

[topaz wind]

isnt that what I said?

[topaz wind]

the amount of ILV you get from 300% apy wouldnt differ based on the prices of the coins would they?

[gloomy gazelle]

It actually works the other way around. The apy percentage changes based on the price of the coins.

[gloomy gazelle]

Probably you did. I didn’t try to do the math myself. Sorry

[topaz wind]

okay yeah that makes sense, but if there were a 700 dollar SLP and a 3000 dollar SLP but they both had an apy of 300%, would they both generate the same number of ILV?

[sturdy tangle]

has someone come up with an optimum amount of rewards to be withdrawn? Considering the average gas fee against the opportunity cost of not staking it.

[gloomy gazelle]

It’s possible. The apy is based on the value of the rewards compared to the value of the deposit. So it’s doubly variable.

[gloomy gazelle]

!claim

[woven ibex]

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

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

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

[gloomy gazelle]

Use this tool. #🥩〕staking message

[autumn flicker]

Is there a staking upgrade for dummies? I haven't payed attention at all up until earlier today.

[gloomy gazelle]

#🥩〕staking message

[autumn flicker]

Thanks

[autumn flicker]

So If we claim our rewards as ilv they get automatically added to the staking pool and anything we already have staked or in a lp gets the upgrade after doing the upgrade fee?

[gloomy gazelle]

Yes. The stuff locked in v1 stays in v1 even after the upgrade but it then can be read by v2.

[noble lava]

Are there any instructions for exchanging the SLP token back into eth and ilv in sushiswap? I recall a video touched on this last year, but can't seem to find it again. Thanks! Btw, I've connected my relevant wallet in Sushiswap and selected 'my liquidity positions' and nothing appears.

[autumn flicker]

I'm seeing my old lp on the illuvium site under vesting

[gloomy gazelle]

It’s just like the opposite of this #🥩〕staking message

[orchid thunder]

to withdraw ILV, i've already approved the first step, but second step didn't pop up. now i have claimed twice but still couldn't withdraw

[noble lava]

Thanks, so I should see a "remove" option, rather than an "add" option

[gloomy gazelle]

Yeah I think so.

[gloomy gazelle]

What wallet are you using?

[orchid thunder]

metamask

[gloomy gazelle]

It should pull the claim transaction first and then the withdrawal transaction after that. But it’s not popping up again?

[gloomy gazelle]

Mobile or desktop browser

[orchid thunder]

😦 the withdrawal tx didn't come up, deskop

[gloomy gazelle]

Do you plan to restake your ILV after you withdraw it?

[orchid thunder]

yes

[gloomy gazelle]

What weight is it at now?

[gloomy gazelle]

Because you probably do not need to withdraw anything. Since it’s already earning. There may be a transaction pop-up missing but you may not actually benefit from withdrawing and restaking.

[orchid thunder]

1.35 Weight

[gloomy gazelle]

Unless you really want to lock at higher weight you don’t need to withdraw. It’ll just keep earning.

[orchid thunder]

but i haven't stake it on the "Staking" page. im only looking at the vesting page

[gloomy gazelle]

But I’d say wait. Since it’s giving you some issues. Don’t waste gas.

[gloomy gazelle]

Yeah. That’s where it should be. It’s been staked so it is listed in vesting page.

[orchid thunder]

but it say v1, it should b okay? its earning 23.37% APY right now?

[gloomy gazelle]

It’s ok that its in v1. The upgrade transaction allows the v2 contract to read the v1 deposits. Regarding apy Something like that. Yeah.

[alpine glade]

Do we have a calculator updated with the current estimated gas costs in V2?

[sturdy tangle]

this spreadsheet is good but really complex. Sorry Im not that smart. Anyone has a ILV quantity as a rule of thumb to claim with the current parameters?

[gloomy gazelle]

5 ILV.

[gloomy gazelle]

I doubt it. Too new still. You could look on etherscan at the past contract interactions with the new staking pools that are doing what you want and see what the gas limits are. Most the things I’ve looked at were under 200k but I only looked at a few.

[sturdy tangle]

Thanks Pelican. (Y)

[half mica]

hello - who can tell me how i can add liquidity to the staking pool of ETH/ILV ?? sushiswap iis not working anymore to swap in SLP... thx in advance

[gloomy gazelle]

#🥩〕staking message

!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.

[rapid tapir]

Hey xastor I really appreciate your Illuvium Staking dashboard! Will it show the new SLP stakes soon? Because I can only see the unstaked SLP

[ashen nova]

I started skating in ILV/ETH mid Feb - during the 'pause'. I understood that I would still accumulate rewards, but I seem to only have started since upgrading to V2.. Is it correct that stakes established during the pause received nothing during the transition pause?

[supple locust]

Hey all, does anyone have an overview of new gas fees? Is it still 200-300$ to create LP and stake it?

[knotty heron]

Ahh already half an ilv sitting in my rewards, feels good to be back

[unreal atlas]

For those that staked in V2 on Day 1 last week, is it fair to say the current rewards accumulated show rewards for a week? I ask because the number seems way off what I had calculated. Wondering what I have got wrong.

[proud moth]

Can you check the vesting page? your rewards should be there after the upgrade

[proud moth]

#🥩〕staking message

[proud moth]

You can see what you have staked in the dashboard. Are you sure you have successfully staked?

[unreal atlas]

Saw the thread. Unfortunately rewards are way lower than what I anticipated. Hence the question.

[proud moth]

i see. so how did you calculate and what's the numbers?

[rapid tapir]

Lol I’m talking about dune.xyz my man

[ashen nova]

Thanks for answering 🙂 It is the same as it has been since the beginning of my locked staking period on Feb 13. No new rewards and none pending (only those earned since yesterday)..

[proud moth]

oh ok

[unreal atlas]

Rough calculation for the ILV pool. Assuming 20% APY and 52 weeks in a year, each ILV token should get approximately 0.0038ILV per week in rewards. The number currently is way below (90% lower) that for me.

[brisk surge]

No, rewards before emissions restarted were allocated to old stakers. If you only just staked during the pause you have only received rewards from the start of emissions until now.

There were some extra rewards distributed in the first hour or two but it seems to have leveled off now.

So you should have about 12 hours worth of rewards, not a week.

[proud moth]

so it should be like 0.000274ILV for 12 hours per ILV

[unreal atlas]

Thanks much. That makes sense.

[unreal atlas]

That’s much closer to what I have. Thank you for staying with me on this. 👍

[tired junco]

Hey, anyone know how to find out when V1 staking started? Thinking of locking my released LP tokens again but want only want to lock until 12 months after V1 staking started..

[proud moth]

i think it was in july

[ancient eagle]

1st July 2021

[brisk surge]

how do I get SLP for eth/ilv staking?

[potent sable]

Working on slp staking video. Ask questions now or forever hold your peace :)

[cunning perch]

Add SLP address to your wallet through #🔗〕helpful-links

YOu provide liquidity to LP in Sushi with ILV and ETH in same proportions (like $50 ILV + $50 ETH), get the SLP and then stake it in ILV website

[potent sable]

Arash you are fielding a tonne of questions. Anything in particular

[cunning perch]

Regarding SLP? not really. Nothing specific these days.

[brisk surge]

thx alot. Where in sushi do I get the right pair?

[cunning perch]

you can go to Sushi, Legacy, Add

[brisk surge]

ok think i got it thx

[potent sable]

Hahaha fair enough

[young surge]

I want to know about staking. Anywhere I can read about it? Also what's the benefit of staking?

[cunning perch]

read the WP and the mediums in the website #🔗〕helpful-links

[young surge]

Thanks.

[last hazel]

Hi, some of my ILV vesting is still showing V1, is this fine and earning rewards still?>

[cunning perch]

Your stake will always be in V1. Just using V2 features. Hence the name “upgrade”.

[last hazel]

great thanks

[versed coral]

Is the tab with ILV earned daily accurate for you? It is way lower than what I have currently as pending rewards since staking started

[sonic lotus]

no chance that can be right yea? The amount it says for me is minuscule compared to what I’m actually getting

[versed coral]

Yes, exactly. My pending rewards are almost four times more than the daily thing. Even though it hasnt even been a full day yet since it started 😄

[sonic lotus]

Yea exactly

[versed coral]

Maybe it will update in 5 hours when the full day is over

[drifting fractal]

Hey heey heeeeeey, what happens to my staked position in v2 once one month fixed period is over? Does staking continue as flexible if I don’t stake it again?

[proud moth]

it becomes unlocked and keeps staking with the same weight. only if you want to get a bigger weight then you can withdraw and stake to lock it for a longer time

[drifting fractal]

Cool, thanks!

[sly pelican]

Do we have the APY’s for staking up and running yet?

[ember ginkgo]

They are on the website

[sly pelican]

No rush I’m already staked, just inquiring for others. 30/300 ish?

[ember ginkgo]

25.82 / 302.10

[sly pelican]

Thanks ❤️

[potent sable]

dropped my new vid in #🎨〕community-content

[steep haven]

Anyone recieved reward of last 2 months?

[ember ginkgo]

You get them when you upgrade(d) to staking V2

[steep haven]

I upgraded to staking V2 4 days before. Did I recieved the reward on that day?

[ember ginkgo]

Yes

[steep haven]

Thank you

[waxen wasp]

Does anyone know where I can get eth/Ilv Slp on sushi. I can’t remember where it is. Trying to lock into 300%

[ember ginkgo]

The last post in #🎨〕community-content actually is an entire video how to do this

[ancient ore]

really wondering, that there was no video from you 5 minutes before V2 was launched 😛

[waxen wasp]

Ty

[ashen nova]

Hi from Czech Rep. everyone 🙂 I tried to ask earlier, but only got an answer from a person who DM'ed me some shady stuff. Anyway, I started staking in ILV/ETH mid Feb - during the 'pause'. I understood that I would accumulate rewards from the moment of staking, but I seem to only have started accumulating since upgrading to V2 yesterday (I have checked the dash, the rewards, the vesting tabs, etc).. Is there a delay in displaying rewards accumulated by people who started staking SLP during the freeze??

[potent flare]

yeah, staking was paused, the only people that received rewards during that time, were those that were staked prior to the pause and remained staked during the pause. Even those that unstaked some amount, lost their rewards

[spark niche]

Hey bro just trying to get my head around this aswel, as i had ilv/eth staked for 6 months which is now unlocked. So i dont need to lock it into 6 month stake again for it to continue to get the high APY.? Or i do😅🤔
Sorry if this had prob been answered already

[potent flare]

you dont need to re-stake anything

[spark niche]

Sweet cheers

[final steppe]

As long as that deposit remains staked, and you have upgraded to V2, you will continue to earn rewards at that higher token weight 🙂

[ashen nova]

Thanks Shabim, but can it really be correct that people like me who provided liquidity and took on that risk receive nothing (in my case for a period of around 46 days)?!

[potent flare]

Idk bro, it might be correct it might not. During the time I have spent in crypto, I have learned that people invest money into things they do not understand. I believe there will be people who come here in 6 months and complain that "why i did not receive my rewards for 6 months, why did the upgrade not do it automatically, omg omg omg" and etc. Not saying you were throwing money into things you did not understand, but yeah, staking was paused. The systems are not perfect, hacks and things are prevalent. So many people lost money with their silv investments who tried to make fast money quick, and then blaimed the team for the sivl hack since their investments went down the drain. Idk bro, shits complicated, and I feel for people who loose out on things they expected

[potent sable]

Hahaha what do you mean?

[ashen nova]

Sure, I agree with you 🙂 I have done lots of research and I have a lot of faith in this project, and I am even satisfied if I did not accumulate anything in that period, I am just trying to establish if that is the case. I agree it's all new, and imperfect 🙂 Just trying to find out from the team, or fellow stakers whether those if us who staked during the pause were accumulating anything before V2 (because if not we were foolish to take the risk of providing liquidity without reward)

[autumn cloak]

If you staked during the pause(which wasn’t supposed to be possible), no you will not have received any rewards. Only those who were staked before the pause and didn’t unstake during the pause and then upgraded later received rewards for during the past couple months

[hoary verge]

Hello Illuvium people!

[ashen nova]

Thanks for your youtube channel, mate

[final steppe]

I wouldn't say foolish 😛 -- keep in mind, when providing liquidity to these pools, the liquidity providers earn a portion of the fees paid by those who trade in that pool. That's the general incentive. Not all people who provide liquidity in LPs have an option to stake their LP tokens for extra rewards. Just depends on the pool and team behind the tokens, I guess!

[ashen nova]

Thank you, kind sir 👍

[weak latch]

I got a question: I converted to v2 and even stake new slp on v2 but i still see my old stake in vesting with v1 next to it, is that normal?

[ember ginkgo]

Yes, this is normal

[weak latch]

Okay thanks I should get rewards for it correct?

Second question: I see that current total supply is arround 7M and max supply is 10M. The vesting is expecting to give out another 1.5M in ILV token. What about the remaining 1.5M token to reach 10M?

[final steppe]

Correct 🙂 Your deposit is still in V1 but rewards are still being earned and distributed in V2

[ember ginkgo]

For every 1 sILV2 claimed, there is 1 ILV that can't be minted anymore. So let's say for the numbers at the end of staking 1 million sILV2 is claimed. Total ILV supply would be 9 million

[weak latch]

Ohh interesting, that means that we will never reach the theoretical max supply, thanks Fraggy

Do we know that total Silv right now? Since the devs had to redo it

[ember ginkgo]

From what I can see on etherscan atm, there are 202,057 sILV2 tokens.

[final steppe]

What Fraggy said. You can find that on Etherscan by searching the sILV2 Contract address to get the current supply at any given time 🙂

(Official contract address in #🔗〕helpful-links )

[ember ginkgo]

Oh yeah, I should add this so they can look it up themselves. Taking notes here

[final steppe]

https://tenor.com/view/takin-notes-taking-notes-notes-got-it-writing-it-down-gif-11069726

[dry hazel]

Hey guys,
Trying to upgrade to Staking V2 but having issues.
I got my Trustwallet connected via Wallet Connect. Put the transaction through but keep getting an error

Anybody got any ideas?

[untold needle]

It would be nice to know what rewards we had pre-V2 staking to check if we actually did get them back-calculated post-V2?

[proud moth]

What is the error?

[dry hazel]

It doesn't tell me anything. I just get a red ! And when I tap View On Explorer it says Sorry we encountered an unexpected error

[carmine badger]

Can you add to the SLP pool staking the ILV rewards that you just claimed?

[junior stream]

Hello. Im wondering to how buy SLP token after the update. i dont see the liquidity section? can someone help

[proud moth]

Seems like the transaction was not broadcasted. Try restart trust wallet , reconnect it and try again

Also watch out for scammers dm'ing you

[proud moth]

No it will go directly to ILV pool

[final steppe]

No, not immediately. Anytime you claim as ILV, those rewards automatically vest and lock for 12 months in the ILV pool. You can only add them to the SLP pool after they have unlocked.

[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.

[proud moth]

Sushi -> legacy -> add

[junior stream]

there is no approve button when i try eth/ilv

[dry hazel]

I think I got it. I think I was trying to upgrade the wrong option. Forgot it was in ILV/ETH

[proud moth]

You might have approved it already. Have you provide liquidity to this pool before?

[dry hazel]

Yeah got a friend request from an imposter almost right away. Lol
They're just lurking in here to pounce on us

[flint helm]

Upgraded ILV pool to V2 but cant see my 25 ILV anywhere except the dashboard.. is this correct?

[junior stream]

yeah i already have an slp. can i not do it twice??

[proud moth]

How about the vesting page? It should be there too

[flint helm]

yup found it. Its locked for 12 months???

[proud moth]

Approving is a one time thing. Provide liquidity can be multiple times

[final steppe]

You should be able to see your staked deposits in the "Vesting" section

[dry hazel]

So the rewards when upgraded are automatically staked?

[final steppe]

If you claimed your rewards as ILV, then yes, all ILV rewards are locked for 12 months (but they are vested in the ILV Core pool, earning that APY for those 12 months too)

[carmine badger]

Thanks. Helpful info

[final steppe]

If the rewards are claimed as ILV, yes. Essentially, restaked in the ILV core pool, locked for 12 months, and earning the APY of that pool during that time which is compounding your rewards 🙂

[flint helm]

Could I have claimed them somehow without them being vested for another 12 months?

[night pumice]

Hey Everyone! Super stoked about this. I have a question and haven't seen this mentioned but as a first time staker in a liquidity exchange am curious. After the staking period is up, how do we get our ILV/ETH back from the staking pool?

[final steppe]

If you choose to claim your rewards as sILV2, the sILV2 is received in your wallet immediately.

sILV2 is meant to be used in-game to pay for your in-game fees (if you do not want to spend ETH). It can also be used in Illuvium sales such as Land and Illuvitars. But sILV2 cannot be staked or receive RevDis

[proud moth]

When it becomes unlocked you can always withdraw it.

[dry hazel]

I don't hate it. Won't say no to more ILV rewards

[flint helm]

Can sILV be sold? is there a market for sILV?

[final steppe]

What RZ said 🙂 You would withdraw the SLP tokens you have staked on the Illuvium site. Then head to the Sushi site where you originally added your ETH and ILV.

There you can withdraw your liquidity which essentially swaps your SLP tokens for the corresponding amount of ETH/ILV tokens

[night pumice]

Got it! Thank you both @proud moth

[final steppe]

There is not one officially endorsed by the team-- but some sILV2 holders have seeded a liquidity pool on Uniswap. You can find the official sILV2 contract address in #🔗〕helpful-links to search for potential pools on DEXs. Trade at your own risk!

[flint helm]

ok thanks

[flint helm]

I have also ILV/ETH XXX SLP deposited, it is v1. When trying to upgrade the pool the MM is not responsive. Using with Trezor. Is this a known issue?

[final steppe]

Hmm, not that I'm aware of. Although, I've not worked with a Trezor before, sorry! Double check and make sure you don't have any transactions still pending within Metamask, of course. Sometimes that prevents new transactions from popping up.

A common solution has been to refresh your internet browser cache as well as restarting the application

[flint helm]

Will keep trying. If I don’t upgrade I will not get pool rewards? Can I claim and re-stake or still need to upgrade?

[final steppe]

Keep us posted! If you don't upgrade, new rewards will not begin accumulating.
If you have pending rewards at the moment, it is required to upgrade in order to claim them as well.

[lunar lintel]

On the vesting page after migrating will your previous stakes still whow up as v1?

[hoary jacinth]

Both buttons just showed up, SLP looks like it worked after I clicked it. ILV upgrade had an error message. Both show as v1 still but I think that sounds like a legacy thing when you upgrade anyway…

[ionic kayak]

Hi guys, I am a ETH/ILV LP staker. I have upgraded the ETH/ILV pool already, but not the ILV Pool. (My understanding was that ETH/ILV LP stakers only needed to upgrade the ETH/ILV Pool. So, I'm a bit confused here, am I supposed to also upgrade the ILV pool ?! if so, why does it automatically ask me to claim my ILV in the form of ILV or sILV2 ?! I don't want to claim, I just want to keep staking.

[hoary jacinth]

Then after error message on ILV. Button not there anymore.

[flint helm]

There’s a scammer DMinng with “your” username sending links to scammer extension. So you know.

[final steppe]

After the upgrade, previously staked deposits/rewards will have a V1 symbol next to it. As long as it's white, it's good 👍 If it's red, it's like an unlocked deposit that needs to be withdrawn and the re-staked on V2. But just let us know!

[final steppe]

Hey there-- if you are staked in the ETH/ILV pool, you will need to upgrade both pools (because any ILV rewards you claim from the ETH/ILV pool are automatically locked/restaked in the ILV Pool for 12 months).

When upgrading the ILV pool, you will be asked to claim all of the rewards that you had pending in V1 as well as the rewards that were accumulated during the "pause" before V2 went live. That is required in order to complete the upgrade

[final steppe]

Thank you for the heads up! If you haven't blocked them already, please take a screenshot of those messages and post them in #🚨❗〕report-scammers along with their full Discord ID so we can get them banned

[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.

[ionic kayak]

Oh gosh, so I wasn't complete with my upgrade and not receiving rewards :(. Thank you.

Strange, when I try to upgrade, transaction fails even with ample amount of ETH... that's unusual.

[proud moth]

Is there any info in etherscan about why it failed?

[ionic kayak]

"Warning! Error encountered during contract execution [Out of gas] "

[potent sable]

I really appreciate that my friend :)

Btw for anyone not sure how to stake in illuvium I just posted my new tutorial

#🎨〕community-content

[proud moth]

I checked etherscan. Some transactions failed like randomly with the same error message. Maybe you can try again

[gloomy gazelle]

I’ve seen a few of these recently. Something seems to be up with the estimations of how high the gas limit needs to be set. But other times it works. I’m really not sure why it’s happening.

[ionic kayak]

I'll try tomorrow... when gas costs are low. Currently, it's about $50-60

[spare imp]

In terms of vesting, do you have to claim your rewards as ILV before the vesting begins?

[gloomy gazelle]

You may want to consider increasing the gas limit by 5000 or something. That’s not much when many of the transactions have a limit around 200k. I’m thinking that maybe part of it could be how long the transactions are pending for. So an increase in limit can give the tx a little wiggle room.

[flint helm]

Done

[proud moth]

Yes

[spare imp]

so the auto-compounding while vesting only happens after a claim action?

[proud moth]

Yes. The claim makes compounding effect.

[spare imp]

Awesome, thanks for the help!

[gloomy gazelle]

It’s not auto compounding. It’s manual compounding. But yeah. Claim and it compounds into the ILV only pool.

!claim

[woven ibex]

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

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

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

[desert radish]

why does my vesting says V1 on the left even though i upgraded it?

[final steppe]

If it is a locked deposit or locked rewards, they will remain in V1 until the vesting period is complete. But as long as the "V1" is white, you're good to go. You are still earning rewards in V2 👍

[desert radish]

thx, then im good to go. also the ilv pool upgrade made me claim rewards the were vested automatically. what are those aboout? the rewards i got pending? In V1 i remember aaron saying it was better to just hold the rewards and not claiming until v2 is out.

[bleak karma]

if it is white, it means that it is upgraded?

Because suddenly yesterday, the upgrade button pop up again, and im not sure if i did the upgrade correctly now

[gloomy gazelle]

V2 is out. So it’s a perfect time to claim. You are good

[final steppe]

Should be. If it's red, it's likely an unlocked deposit that needs to be withdrawn and restaked.

[desert radish]

ok, its all white so im guessing im good to go. im in for the long run anyway. it's the current staking running on IMX? as once were discussed? or did they just changed the architecture to lower fees?

[bleak karma]

could som1 send a screenshot of how does on etherscan looks the upgrade on the ilv pool, so i can check if i did it? thank you

[ancient ore]

that I was really searching for a video from you, about the just released staking v2 once it was announced 😉

[coral jackal]

how long has the rewards been live for (roughly) ? trying to figure out my daily rate

[bleak karma]

26 hours if im not mistaken

[carmine badger]

Do you need to claim the ILV rewarded to restake or it auto-compounds itself without claiming?

[cyan rampart]

It only compounds after you claim ser!

[carmine badger]

Thanks!! And it looks like you do not have to stake, just claim. Are claimed ILV rewards included in the rev dis as well?

[cyan rampart]

Claimed ILV get automatically staked in the ILV only pool for 12 months. We call this the vesting period.

Claimed ILV are staked, so they ARE eligible for revdis.

[carmine badger]

Gotchu! Thanks!!

[gloomy gazelle]

Here’s one.

[brisk surge]

Is there a logical reason why my rewards staying at exactly 0,01 ILV since a longer time?
Yesterday it moves around 0,001 / half an hour and i could see the progress from 0,001 - 0,002 - 0,003 ect.
After 0,01 they will count only 0,02 ? or what could be the reason?

[bleak karma]

ok, thank you so much

[brisk surge]

Any idea? :/

[final steppe]

It would depend on your staked balance and your APY you're earning on your tokens.

When V2 rewards first went live yesterday, there was a bit of an inflated APY for the first hour or so, so everyone was earning at a much higher rate than expected. After that first hour, the earning rates came down to the proper amounts.

Outside of that, the APY is variable. As more and more people stake in the pool, you may find that your earnings are not as high as the previous days.

[brisk surge]

THank you for your reply,
To be simple will i see 0,00x growth or after the 0,01 there will be the 0,02 the next step sir?

[final steppe]

From what I've seen, it will only show up to 2 decimal places after 0.01. So 0.01, 0.02, etc.

But then on the "Dashboard" page, it will also show the USD$ amount below the ILV amount in the "Pending Rewards" box. There you can see the number increasing in USD even while the ILV displayed may still show 0.01

[wooden wing]

im trying to click the button claim rewards and upgrade yield. but its giving me an error

pls help. my total ILV and pending rewards dont show up anymore

[wooden wing]

it says cannot estimate gas. unpredictable gas limit

[proud moth]

You can try closing all your browser tabs and try again. Or you can try clearing browser cache

[raven hollow]

Hello here I just upgraded my ILV/ETH pool and it took my fee and it didin´t work ....I dont want to try again can some one help me?

please

[surreal mesa]

What day/time did rewards restart for v2? Or how many hours ago?

[raven hollow]

any help around here?

[frosty lily]

@gloomy gazelle sent you a friend request to DM staking question

[gloomy gazelle]

I’ll be unavailable for a little bit still. But I’ll take a look

[pure eagle]

HI, did you check the transaction on Etherscan to see what was the problem with it? It could be your gas limit

[glossy crest]

Hi how do I know which pool should I be upgrading into? The page shows ILV pool and ILV/ETH pool

[wet ingot]

In 5 min it'll have been 28 hours ago

[glossy crest]

Anyone can help pls

[regal marten]

Not sure what you mean, you don't upgrade "into" something else. If you had ilv staked, you can upgrade ilv. If you had ilv/eth staked, you can upgrade ilv/eth. Did you have both staked in v1?

[pure eagle]

This depends on which pool you have your deposits

[glossy crest]

No, I staked under sushi pool previously. Now it gives me the option to choose two different pools. And when I clicked on IlV pool it shows me the total rewards of IlV claimable and when I clicked onto ILV/ETH pool it shows the total SLP value. So which do I click?

Which do I upgrade?

[regal marten]

You'll need to upgrade both.

[glossy crest]

Wtf… does this mean I have to pay twice the gas fees?

[raven hollow]

Yes I just read the medium first ILV pool and then ILV/ETH pool and that´s it

[glossy crest]

Is Illuvium gonna reimburse us the gas fees?

[raven hollow]

yes twice

[coral pike]

no why should they ?? GAS has nothing to do with illuvium at all. Its a fee of the ETH network itself

[glossy crest]

Because we have paid the staking fees before and now we have to be paying all over again?

[regal marten]

you didn't pay staking fees to illuvium, you paid staking fees to ethereum to be able to register a transaction on the network.

[regal marten]

i personally paid 20$ for both upgrades (granted, gas was 20 gwei at the time)

[coral pike]

illuvium does not charge you anything to stake you did not pay any fees to illuvium

Gas is mandatory part of the ETH network. Again it GAS has absolutely nothing to do with ILV its part of doing transactions on the ETH network

this is not the last time either ** every time you claim you will have to pay gas **

its ultimately the end users responsibility they are tracking the gas level and amount of reward they are claiming to make sure they are not spending $50 in gas to claim $10

[hot lynx]

👀 🤣

[regal marten]

did you hope for 400% sir? 😉

[glossy crest]

I know but Gas is now $200 x 2 = $400. It definitely has got to do with ILV cos the upgrade is mandatory right?

[ornate cypress]

Wait till gas lowers, it was only about 40 dollars for me

[glossy crest]

Wow cheap fees.. good on you brotha

[coral pike]

"I know but Gas is now $200 x 2 = $400"
1.yes gas is high right now so you wait till gwei is lower....

"the upgrade is mandatory right?"
2.yes its mandatory

"It definitely has got to do with ILV"
3. no that does not make ilv responsible for gas.It was for the good of the DAO the staking contract was improved

[ember ginkgo]

You want less?

[regal marten]

i think i upgraded right at launch, must have been lucky timing.

but it can definitely pay off to wait a while to send your transactions. gas fluctuates a lot!

[wraith widget]

FYI in case anyone else had the same issue, it looks like the dashboard is fixed and is showing the right amount of total ILV/sILV claimed now!

[broken beacon]

Not for me.... it doesnt show all my vested rewards... i have 50 ilv vested in the pool, it only shows 11, i checked on debank and it shows correctly but on the vesting page it shows only 11

[final steppe]

Hey bridnz-- was the 50ILV all from a single claim and it only shows 11 on the Vesting page? Or is the 50 spread out across multiple claims? One thing to note is that all of the vested deposits/rewards are not included on a single page like they were in V1. If you have more than 6 deposits/vesting rewards rows then there are multiple pages

[broken beacon]

Not a single claim from multiple claims before v2 .. i claimed v2 rewards as silv2 but the previous rewards in v1 are all 50 ilv now only 11 is visible, there is only one visible page, cant find the others

[final steppe]

Hmmm.. that sounds a bit strange.
Just to confirm, are you staked in ILV or ETH/ILV SLP?
If SLP, did you upgrade both the SLP and ILV pool to V2?

[broken beacon]

Okay i staked in slp pool only, over time i had claimed ilv...i sent a direct dm to u

[west shore]

I'm hoping to get some clarification about staking in SLP. When you stake in ILV pool and claim rewards, those rewards are reinvested into your overall staked amount? In SLP you get rewards in the form of sILV 2, so when you claim rewards from SLP, nothing gets added to that overall investment?

[proud moth]

In SLP you can also select what do you want to claim ( SILV2 or ILV) just like in ILV pool. If you select ILV as your rewards it will be automatically staked in ILV pool and vest for 12 months

[west shore]

ok thanks, just wanted some affirmation since I'm planning to stake in SLP but wanted to make sure I knew everything about it before I did so.

[nocturne imp]

after 3 years since start of the staking , wil the rewards be depleted and only revdis remains? instead of rewards+revdis?

[gentle pumice]

Yes

[shell peak]

The rewards that are still locked and have a v1 logo next to them will automatically migrate, or does that mean they already are migrated?

[coral pike]

#💰〕token message <--- if vesting looks like this your fine

[shell peak]

So basically we have to wait until they unlock, then migrate to v2?

[coral pike]

migrate has been removes when they unlock you have 2 choices 1 leave it alone an will continue to earn as normal 2 withdraw and re-stake on v2 other options may or may not be available in the future

[shell peak]

Well my shortest time frame reward unlocking is not for almost another 4 months 😛

[golden dome]

Upgraded my eth/ILV pair to staking v2 but the claim for the shutdown period did not pop up and I dont see any yield for the past 2 months. Am I missing something?

[gloomy gazelle]

The ILV pool upgrade is the one that claims those rewards.

[golden dome]

Okay, sorry maybe im not sure what im doing but where does my yield for the past 2 months show for my staked SLP?

[gloomy gazelle]

If the ILV pool has been upgraded it’s in vesting tab.

If the ILV pool has not been upgraded then it’s in that upgrade window. The part that is ACCUMULATED rewards. The PENDING rewards in that window are the ones from before v1 was paused.

#🥩〕staking message

[golden dome]

Ahh thanks!

[west shore]

Since you can buy sILV 2, will there be a way to exchange it for other crypto?

[regal marten]

not officially. There are unofficial trading pools on uniswap, but take extreme care using these!

[regal marten]

my guess is nobody finds the way to sushi.. 😉

[swift heart]

Does anyone know the approximate difference in gas costs from v1 to v2 if you’re staking to SLP or ILV pool again? Did the gas optimisations affect these gas costs at all or just the gas when claiming rewards?

[regal marten]

thanks for your nice words. i was planning on re-thinking it, and integrating v2 would be a part of that. no timeline yet though, starting with asking dune to decode the v2 contracts and taking it from there.

[warm knoll]

Do you have a link to that amazing dashboard sir ?

[regal marten]

it's pinned as well

[warm knoll]

Ho ? Will check that. Always has dejari / lehael ones

[regal marten]

actually i was mainly curious to know for how long people were staking, but it grew from there..

[warm knoll]

Ahhh this one! Yep definitely nice dashboard! So dune request aren't able yet to see V2 stake yet?

https://c.tenor.com/vNBOXD71os4AAAAM/olsen-twins-thank-you.gif

[regal marten]

some are available, but some analysis is required to know if I have what I need.. if not, more decoding is required, which usually happens pretty fast to be honest (a day or two max).

Thanks for the appreciation anyway guys! Planning to spend some more time to serve the community now!

[lusty pecan]

Im pretty sure I am getting more ILV rewards now than I was before the hack

[vivid ruin]

Really? How do you figure?

[earnest geode]

We all got a lot extra for that first hour. Something like 10x.

[lusty pecan]

I remember only earning like .15 before hack and now im earning around .24. I could be wrong but i checked by taking my total SLP investment which is 12,100 and multiplying that by 2.7 for the APR which should give me 32,670 divided by 356 days a year so I should be making $91 or .14 a day.

[lusty pecan]

Oh really? I didn't know that cool!

[earnest geode]

It was very nice while it lasted. Thought I was losing my mind calculating it lol.

[lusty pecan]

lol same here. Was it because people hadn't upgraded there staking pool?

[earnest geode]

Unsure. There was speculation to that regard, but not sure if it was confirmed. Maybe a misplaced decimal somewhere that was quickly fixed? 🤷‍♂️

[upbeat hazel]

Hey all, I'm new to liquidity pools, I’ve been reading/youtubing loads about them, I think I understand impermanent loss but I’d just like to make sure in simple terms. Say I buy SLP tokens today. And say I stake in the SLP pool for 1 year. 1 year from now, say the value of ILV has gone up 500%, but the value of ETH has only gone up 100% (just using arbitrary numbers here). This is bad because in the pool, the value of each coin needs to remain 50/50 ratio right? So if I were to remove liquidity I’d be getting back more ETH and less ILV than what I had originally put in? And if I just held my original amount of ILV for a year, it would be worth more. Do I have this correct? And Ideally the rewards make up for this. But if I choose rewards in ILV, after one year my rewards are still locked up, depending on when I claimed them?

[cyan rampart]

You have the idea right, yes.

ILV rewards start their 1 year locked vesting period when you claim them, so if you did a claim at 3 mo, 6 mo, 9 mo, and 12 mo, you'd have ILV rewards unlocking at 1y 3mo, 1y 6mo, 1y 9mo, and 2y from the start of your initial stake.

I do recommend Googling an IL calculator (there's a good one on dailydefi that I can't link here because the safety bot hates it) and playing with hypotheticals to get an idea of what your worst case could be.

[upbeat hazel]

Perfect thanks so much

[sterile smelt]

If I plan to claim my reward in SILV2, would I still have one year vesting period?

[final steppe]

Nope! 12 months vesting only applies to ILV rewards.
sILV2 claims go directly into your wallet 🙂

Keep in mind the sILV2 price is only 1:1 with ILV when within the Illuvium ecosystem (in-game or spent in Illuvium protocol sales like the land sale and Illuvitar sale)

[sterile smelt]

Awesome. My next question was if SILV2 can be used for land purchases. You had already answered. Thank you.

[old yarrow]

HEy all, I'm missing the link in the new V2 UI for how to stake SLP (ILV/ETH pair)... can anyone help? 🙂

[cyan rampart]

The basic idea is: Take equal parts of ILV + ETH to Sushiswap (Legacy ->Add tab) and provide liquidity. In return, you get SLP tokens. Take those SLP tokens to the Illuvium staking website, and stake them.

[old yarrow]

Ahhh, the "add" link, that looks familiar indeed. Thank you!

I think I'm a little bit bummed out that the new staking dashboard doesn't show total summed stake amounts anywhere anymore, unless I'm missing it.

Aha, found it. In the chart, if you click into ILV or ILV/ETH, you get that summed view. Great!

[potent sable]

Hahahaha im sorry. Many others cover the topic I often don't do the same unless I have value or information to add. I may need to post anyways but I like to add something

[supple gorge]

By equal parts, do you mean equal value? I'm also in the process of doing it for the first time

[final steppe]

It would be equal USD$ value of each token, yeah! So $1000 ETH and $1000 ILV for example

[cyan rampart]

Yeah, equal value. Ex. $500 of ILV must be paired with $500 of ETH.

[final steppe]

But be sure to leave some extra ETH for gas fees!

[cyan rampart]

https://tenor.com/view/high-five-top-gun-team-work-gif-11071068

[supple gorge]

Thanks! That's what I figured but didn't want to screw it up haha

[heady hazel]

What’s gonna stop people from just buying a bunch of cheap sILV2 outside the ecosystem and spending it for more inside the ecosystem?

[cyan rampart]

Nothing is stopping people from doing this, and it's definitely happening right now.

[final steppe]

What Blick said— that’s part of the decentralized, free market with these tokens. People can buy and sell as they please (when there are active liquidity pools).

sILV2 will only last for so long though. There’s a finite supply and as it gets spent, it is burned 🔥 Once all of the sILV2 is burned, then people will have to spend their ETH and we’re all going to love what that does for RevDis 😏

[heady hazel]

That makes sense. Plus if you get sILV2 from inside the ecosystem then that means you got it for free anyway.

It’d be kinda interesting to see what the out-of-ecosystem sILV2 price will do once game launches. A true free market experiment at play

[faint panther]

What I love about the whole sILV2 workings is every sILV2 claimed an ILV is burnt. Thus in the long term making everyone else's ILV worth more.

[dark gyro]

Best to think of sILV2 like a gift card. People are buying gift cards for a product that doesn’t exist, planning to either use it themselves or to resell later when the value is close to the dollar valuation.

[heady hazel]

Oh, like an arbitrage situation for later? I see. Sounds risky because it’s not a guaranteed thing necessarily.

[dark gyro]

Yep, exactly. You can trade the sILV2 now for a lower price and gain liquidity. And people that are willing to stock up for land sale, illuvitars, in-game spending get a discount.

Since anyone holding the sILV2 has the risk so they’re getting it for a discount

[heady hazel]

I keep forgetting that. This project is not just AAA in graphics but AAA in tokenomics as well

[carmine agate]

buy more sILV2 get your hand on land

[royal thorn]

anyone know the APY yet?

270% lets go

[wary pagoda]

V2 gas fees don't seem much better than before, am I missing something?

[midnight crow]

I think the benefit is that you can claim SLP and ILV rewards with one transaction.

[hidden pebble]

The V2 gas fee is same as V1, so the only benefit is to claim rewards in one transaction? Remember I have seen before that the fee would be reduced after migrating to V2.

[errant crown]

The total gas cost is reduced as per less transactions needing to be performed

[hidden pebble]

Thanks. I thought the transaction fee would be much cheaper such that we can stake and unstake with minimum cost. Now it seems the only good is for claiming rewards.

[static folio]

Hey guys nooby question: if I dont claim my rewards on the protocol, that ILV will never compound? Or is it compounding even if not claimed yet?

[cunning perch]

Yes. You gotta claim for it to start the compounding position and start the one-year lock

[static folio]

So in short i need to wair for the rewards to be worth more than the gas fee to claim, how often people claim?

[cunning perch]

That's your choice. You can claim when gas = 1% of your rewards worth in $, or more. You decide

[atomic lagoon]

Happiness is watching your staking rewards grow 🙂

[midnight crow]

I noticed the ILV earned daily is now showing, but the number seems to be minuscule compared to what I am actually getting in rewards.

[atomic lagoon]

I think it just started counting from when it is live. may be after 24hr we will get accurate data per day.

[tacit acorn]

Can i just confirm -

[brisk surge]

Yes

[tacit acorn]

If i invest say $1000 into ETH and $1000 into ILV. I will recieve (example) 1 SLP token worth $2000. I then stake this for a year and receive lets say 250% APY. When i claim rewards i will recieve 2.5 SLP token ( if prices have stayed the the same) worth $5000. Plus some additional ILV that gets relocked for a year?

I feel like this isn't correct🤯 ^^

[potent flare]

yes, this is not correct. You stake 1 slp. In 1 year you still have 1 slp. the 250% gets lowered every few weeks, and you only receive ILV for those %, that need to be locked for 1 year after claiming, or silv2 that can be used immediately but is lower at market value than ilv

[tacit acorn]

so is the 250% ( or lower) that i recieve in ILV worth equal to intial value or current value and is it ILV value or ETH and ILV value combined?

[potent flare]

its equal to current value, it is both of them combined. For example, when I bought SLP, it was worth twice less than it is now, so it itself grew in value, and I receive the 250% from the value it has currently

[tacit acorn]

perfect, so if i understand correctly, although the compounding effect is great if there is a market pump delaying claiming rewards could have benefits also?

[potent flare]

Hm... Delaying claiming rewards is only beneficial with eth gas. Otherwise, compounding is pretty strong

[tacit acorn]

okay, thanks for your help mate. Very insightful

[severe tangle]

do We get rewards on vesting ilv rewards ?

[low locust]

yup

[willow raptor]

will sILV2 vs eth for land be the same price?

[vast rampart]

if i have slp staked, and i wanna get more and stake more, does it combine them? or will they all be seperate amounts and i have to claim multiple times

[potent flare]

they will have different vesting periods etc, the rewards will combine

[potent flare]

silv2 is always equal to ilv price in the illuvium ecosystem

[willow raptor]

I'm just confused at which one to buy

Which one is the best bet for getting land down the line?

[potent flare]

If your goal is land, then silv2 is the way to go

[willow raptor]

so the only way silv2 is generated is by staking?

[potent flare]

It is the only way it is generated, however you can buy silv2 on the secondary market

[willow raptor]

cant seem to find it on coingecko

[potent flare]

its on uniswap

keep in mind, that is an unofficial pool that is not supported by illuvium. A pool made by people like you and me

[willow raptor]

ahhhh

passively the best APR is the ILV/ETH on the dapp to generate silv2

[junior nacelle]

hello guys, I have a question... I have staked SLP BOTH on v1 and v2... both stakes are locked... I see a note in my dashboard telling me how much "ILV Earned Daily" I am earning... my question is, is this number (ILV Earned Daily) accurate? It seems like its ONLY counting the ILV earned from the v2 stake (NOT the v1 stake), but I am not sure... thanks so much

[potent flare]

it is inaccurate for me

[crystal plover]

Me too

[dusk gorge]

anyone know whats it mean in the dashboard for "ILV Earned Daily"? cause is not the same as my daily reward from staking

[raw basin]

Is it possible to change wallets even if you have been staking for a long time with the wallet?

[junior nacelle]

good to know im not alone!

[amber forum]

am i right to say stakers from v1 staking that migrated to v2 will get double rewards a month after migrations

??

[fresh grail]

No, those that were in V1 will just get the rewards from during the pause. Everyone gets the same rewards from restart of staking in V2.

[amber forum]

on one of the article it stated that if i migrated and didnt withdraw anything i would get double rewards? and that i wouldnt collect it until a month after migration? so i am wrong?

we have all our rewards from v1 then?

[potent flare]

first time I am hearing anything of this sort

[fresh grail]

They might have stated that, but this is the first I have heard of it. Definitely not the case, when we upgraded to V2 from V1 that also claimed rewards from V1 and the pause. No double rewards, but Aaron did call it a bonus because we got rewards while staking was on pause.

[amber forum]

So that’s not a bonus

I was entitled to that if it got paused or not

[fresh grail]

Yer it's a bonus https://discordapp.com/channels/760344898200666112/791148476218081321/959241524657389598

[digital jungle]

finally, 0.4SLP + 2.55ILV staked. So exciting! 🚀

[sick atlas]

I want to stake eth/ilv but the fees are so high. What is the minimum amount you need to stake in order for the fees to be worth it? I tried to use sushi to add liquidity, is there any other platform with lower costs?

[amber forum]

It stated a double bonus on an article…. And it stated you would get it a month after migration! I am certain on that!!

[fresh grail]

Yes, but we never had a migration. Only an upgrade

[fresh grail]

btw where is this article? No one else has mentioned that "double" before from memory.

IIP's change too, so you can't go off old news either

[carmine agate]

just sushi. Wait for sunday morning?

[chilly nest]

hi all

i'm using trezor hardware wallet for staking ilv , but its showing this error, can anyone help?

[maiden crypt]

Hello! I am unable to collect ILV that has accumulated on my staking rewards. I click claim rewards and then i forwarded to another page that shows no token. I just migrated my SLP to the new pool

Never mind i just found out!

[proud moth]

Have you connect your trezor through metamask? If not maybe you can give it a try

[proud moth]

Beware of scammers dm'ing you. Don't fall for them

[tired dirge]

Is there any statistic or way to approximate how many silv/silv2 have been claimed so far in total?

[proud moth]

I think somebody made that. You can check pinned messages

[tired dirge]

Thx I found it 👍

[full stump]

where is the best place to make the slp ?

[potent flare]

sushiswap is the only place

[full stump]

gracias

[stiff glacier]

Hi guys. I’m new to illuvium I staked during the pause about a month ago, I have upgraded to v2 but I haven’t received any kind of reward. Was I supposed to. Also it says v1 next to my vested illuvium does that mean it didn’t upgrade. Sorry for noob questions I did try to find the answers in the YouTube videos but they didn’t really answer my questions

[potent flare]

staking was paused, the only people that received rewards for that period were the ones who staked before it was paused and did not unstake the whole time. If your stake is locked for a long period, it will say v1, when you upgrade it will just read your stake from v1, but it will operate on v2

[stiff glacier]

Thank you. I understand. I’m staked for 12 months when I go to the rewards section it says 0 with no apr are things still paused

[potent flare]

no, it should be fine now. Did you upgrade the pools?

[stiff glacier]

Yes but at the top it say upgrade ilv pool but when I try and do it it says transaction failed

[potent flare]

that shouldnt be there, if it was upgraded, there would not be anything saying to upgrade it. Do you have eth in your wallet?

[stiff glacier]

Yes about 120 dollars worth

[potent flare]

Any stuck transactions in your wallet?

[stiff glacier]

No nothing

[potent flare]

yeah, there is something wrong from your side with the failed transactions. Im not a pro with this kind of stuff, might be a good idea to ask a mod or smnt

[rapid tapir]

Great to hear, thanks for your work we really appreciate you!

[plush jolt]

Staked in ILV/ETH LP, typically used the likes of zapper to track my portfolio. With V2 the figures showing on zapper aren't up to date. Anyone know if this is something likely to work again at some stage?

[potent flare]

but do not trust any DM's, scammers never sleep

[stiff glacier]

Ok thanks for your help I will dig around some more snd then get a mod.

[stiff glacier]

Oh I know thieving gobshites

[final steppe]

I assume that would be something that needs to be done on Zapper's end. Not entirely sure though...

[potent flare]

@final steppe anything you can help with?

[plush jolt]

Yea, agree. Cheers for the response.

[stiff glacier]

When I try and upgrade it says transaction failed could not estimate gas. When I click etherscan it just says something went wrong with no data to look over. Plus I’m sure I upgraded the pool the day it went live and in my recent transactions it has success ticked next to it 🤯

[final steppe]

It sounds like the issue has to do with when you staked... given you said "I staked during the pause," I think that's causing issues with trying to upgrade to V2 for you (and a couple of others that I'm aware of).

The sentiment (and announcement from Aaron here #📣〕announcements message) regarding the "pause" was that no staking activities were permitted, except for withdrawals. So effectively, you shouldn't have been allowed to stake during that time... but seems like some of you found a way 😅

I may need to send your info over to the team. I believe they're aiming to look into cases such as yours... when you get a chance, could you DM me your wallet address?

[autumn cloak]

Zapper is currently working on fixing it; there is some stuff needed to be done on their end to update to V2

[plush jolt]

Brilliant, cheers.

[stiff glacier]

Ok all that makes sense thank you. I have sent a friend request so I can dm my wallet address

[final steppe]

My DMs should be open-- is it not allowing you to message me?

[stiff glacier]

No

[stiff glacier]

I sent my address do you need anything else. Thanks again btw

[final steppe]

Thank you-- I'll send the info along to the team and we'll go from there 👍

[stiff glacier]

Thanks much appreciated

[summer heath]

Has anyone seen an updated staking calculator. @elder dawn i know always put up an awesome one. or is the older version still good

[topaz wind]

Did you get help?

[cyan kraken]

gm all,, so I did the V2 last weeek,, has withdraw icon beside my ILV thats unlocked, still says V1? But I click stake shows no balance? so am I still staked? Like it auto goes v2 if I did what was asked? thx

says literally everything except total ILV stake hahah.. I see a .09 reward already so I must be staked?

and can I lock for more weight?

[cunning perch]

You will see V1 cuz your tokens are on V1 until you withdraw and re-lock on V2. Hence the name upgrade.

You can withdraw and re-stake and lock for longer durations to get more weight ofc

[cyan kraken]

ok great,, so now is time click withdraw andf re stake as I got nmy rewards from the pause correct?

[cunning perch]

You can yeah. Everything you do is ok After you have upgraded

[cyan kraken]

I did migrate last week,, but this is final step then? thx for reply

[cunning perch]

No worries. You didn't migrate. You upgraded. So now you can leave your stakes in or withdraw and do whatever you wanna do with it 🙂

[cyan kraken]

ok makes sense... so am I staked right now? or no

[fleet coral]

Is SLP sushi swap? I'm close to not even bothering staking. 9ts been days no updated videos on hoe to stake SLP

[trim latch]

so after all 3mn $ILV have been farmed staking will only deliver rewards via revenues?

[final steppe]

If all you did was upgrade to V2, then yup! You should be staked and accumulating rewards now. If you take a look at your Dashboard, you should start to see your "Pending Rewards" balance increase over time 🙂

[final steppe]

Hey Greenpiptrader-- yeah, SLP is the Sushi Liquidity Provider token you would receive from adding ETH and ILV tokens to the liquidity pool on SushiSwap. The process should be relatively the same as it was before V2. Overall guidelines are below 🙂

[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.

[final steppe]

Sushi did change up their layout a tad... and Arash outlined the steps to getting the SLP tokens in the pinned messages of this channel too. Or you can click this link here: #🥩〕staking message 🙂

As for videos-- I recommend checking out #🎨〕community-content and then if you still have some questions on certain parts of the process, please let us know and we can try to help

[final steppe]

Correct! If anything is to change in the future, it would have to come to a proposal presented to the council and passed before being implemented into the protocol

[cyan kraken]

greatr thx so no point withdraw and restake unless i want more weight? minbe were unlocked at time of upgrade

[fleet coral]

Ok thanks for this. This is was the first helpfull thing.
So I go to sushi swap send my illuvium and also buy eth. Then send to my wallet

[cyan kraken]

yes it will apear in wallet as LP token,, then u stake the LP

[trim latch]

thx...so will there be an SLP at all when this happens? No one would stake there anymore 🤔

[cyan kraken]

swap, then look for liquadity option and pick ILV and ETH..

[final steppe]

It looks like Scoriox just posted a new video about staking just yesterday too--I haven't watched this yet, but it may help you!
#🎨〕community-content message

[trim latch]

and is the total supply fixed, or can this also be changed via council?

is there a calculation where we can see how many ILV will be distributed for each epoch? ty

I just see the figure for the current one...(epoch 20)

[cyan kraken]

lol so to officially go v2 I need do thjis again? Its making me take my 50$ in rewards from few days pay $40 gas twice lol to move over.. then Im done? this a bit clumsy for sure,, and what is APY? not 20% is it? I have 80 ILV Im deciding what to do

[final steppe]

Did you have a lock period on your deposit in V1 and that period ended so it is now unlocked? Or did you stake flexibly and there was never a lock period?

[cyan kraken]

yes was locked and it ended

[final steppe]

Okay, I see. Yeah that can remain where it is to continue earning at the same token weight but you have the option to withdraw and restake for a higher weight.

[cyan kraken]

ok thx,, so is it at my 1.5 weight even tho un locked? or just the base weight... I do appreciate the answers i have a decent bag to manage

lol I should just swap hahah not that worrried on gas

[final steppe]

Hmm, by having to do it "again", do you mean upgrading another pool or is it asking you to upgrade the same pool?

If you are staked in SLP, you do need to upgrade both the ETH/ILV SLP pool as well as the ILV pool. And upon upgrading the ILV pool, you will need to claim any pending/accumulated rewards that you gained from V1 staking.

Current rates of each pool are below:

[final steppe]

Yeah, if you staked and locked your deposit to get the 1.5 token weight, your deposit will continue earning rewards at the 1.5 token weight until you decide to withdraw it 🙂

[final steppe]

Side note: Beware of any private messages you receive! None of the mods or team members will DM you first.
Anyone who DMs you claiming to help is likely trying to get your money-- don't click any links or connect your wallet to anything private messaged to you.

[cyan kraken]

thank you,, Im single stake only

[cyan kraken]

do again i mean it says V1 still? I think im all good based on your comments,, thx so much

[elder dawn]

Lelahel has the most updated one (pinned), but we likely need to do some further updating with v2. The other big thing we need to account for is the token unlock delay and impact. Working on it, but not ready yet.

[summer heath]

Ooo that’s right, I always get you two confused. For some reason I thought you were the builder. Thanks for letting me know. Can’t wait for the new Calc 😎

[final steppe]

Ah, yeah. After upgrading, you'll still see that "V1" next to your staked deposit but if it's white, you should be good to go. The "V1" symbol would likely be red if it was a deposit that was staked flexibly without a lock period in V1...those need to be withdrawn and restaked.

[fleet coral]

Thanks super helpful. This guy is quality!!

So last questions
If the price stays the same for 6 months I would make back my investment in gaming tokens right?
So any Permenent loss in SLP would not matter as I would of got that money in gaming tokens anyway.
Any profit at the end is a bonus.

Finaly at the end of any staking however long that may be how would you sell SLP to get back eth and illuvium?

[elder dawn]

I had the first one, then the two of us have collaborated. He's just done a better job to keep his updated

[summer heath]

Awesome! Well Thankyou to you both. It’s an awesome tool for us stakers

[cyan kraken]

well the losss happens when u sell the LP token,, so if rewards are higher you are fine... I dont see ETH dying so this price point is rarther safe IMO..

[languid fractal]

i have staked a while back and just checked in, but none off it shows at dashboard. will this be fixed in the near future or do i have to do something? Thx for answers

[proud moth]

When did you have staked? If before January 15th you have to upgrade the pools first. Have you upgraded them yet?

[viral sonnet]

As long as I’ve upgraded both pools for my ETH/ILV SLP stake I should be good right? I did this before v2 went live and I don’t have a way to check for the next few days. Was there another step or am I generating rewards again?

[proud moth]

Yes you should be good

[queen grove]

Unstake SLP tokens back into your wallet, go to Sushi Swap, go to farms, ETH/ILV should be listed there and you click whatever verb they have for "un"providing liquidity, probably "remove from pool."

That should give you equal value to the SLP in 50% ETH 50% ILV

[stiff glacier]

I did thanks

[languid fractal]

have not upgraded no, i do it thrrought celo?

[ember ginkgo]

Celo = scam

[languid fractal]

what a moderator told me to do so

[ember ginkgo]

Probably somebody pretending to be mod. DM's are scam

[cunning perch]

No mod will ever tell you to do so.

[languid fractal]

i stoped ass soon as it asked for recovery phrase

[cunning perch]

Always be vigilant while in crypto space

[languid fractal]

how do i upgrade it then?

[sleek sapphire]

If i have 5 ILV to claim and i claim it now, then i will be able to withdraw them in 12months.

[final steppe]

If you have not upgraded to V2 yet, then if you're on the official Staking website, you should see the buttons to upgrade your pool(s) 🙂

[final steppe]

This is correct. Claiming the rewards as ILV vests and locks them in the ILV pool for 12 months. So that 5 ILV would be earning that APY of that pool for 12 months as well. Then you can either leave them there after 12 months to continue earning rewards or you can withdraw them 🙂

[languid fractal]

thats the thing i cant find those buttons

they dont appear

[final steppe]

Hmmm, are you sure you're connecting the right wallet address to the staking site?

[languid fractal]

yep

[ember ginkgo]

You only see these buttons to upgrade when you have staked before. From what I understand, you are a new staker?

[languid fractal]

i staked january 13

[final steppe]

I recommend clearing your browser cache and refreshing the Staking site as that has cleared issues with visibility for some people.

[quasi raft]

a question regarding LP token staking. If i locked up my LP tokens for 12 months, do I have to wait another 12 months for them to vest after claiming them?

[final steppe]

If the clearing cache/refresh doesn't help, next step I'd recommend is checking your wallet on Etherscan and see if there are any transactions after you staking transaction from Jan 13th

[queen grove]

haha. The ILV Earned Daily is pretty broken.

Making $0.0000013 a day. Daddy Warbucks

[final steppe]

Rewards can be claimed at any time throughout the 12 months. Each time you claim rewards as ILV, that set of rewards will be vested and locked in the ILV pool for 12 months as well.

So in that case, if you waited 12 months and then only claimed your rewards at the end of the 12 months, yes you would wait another 12 months to withdraw those rewards.

[languid fractal]

ok thx, ill try that

[quasi raft]

Alright! Then I wont be rich for 12 more months hahah 😄

[final steppe]

Depending on the amount of rewards you accumulate and what the gas fees look like as time goes on, you could consider claiming your rewards every week, every month, every 2 months, etc. That way you'll have rewards unlocking all throughout the year next year as opposed to one lump sum at the end of 2 years, if that makes sense 😄

But of course, do what makes the most sense for you. Gas fees can be very expensive if you're claiming rewards regularly throughout the year

[languid fractal]

i checked etherscan and it doesent seem like there is anny other transactions after jan 13

[final steppe]

I take it clearing your internet browser cache and refreshing the staking site didn't help?

[languid fractal]

correct

[final steppe]

If you'd like, I can take a peek if you'd like to DM me with you wallet address and see if I can figure out what's going on

[languid fractal]

sure

[ivory sun]

Hi. Does the ILV earned daily account for only ILV staked and not SLP? My numbers doesnt seem right if it accounts for SLP as well

[cyan rampart]

Rewards in the Dashboard are combined for ILV and SLP, you can see them separately in the "Rewards" tab.

[ivory sun]

Yeah I know. I'm talking about the ILV Earned Daily in Dashboard

[cyan rampart]

That appears to be displaying incorrectly right now (at least for me) - Just go off the Pending Rewards and/or Rewards tab.

[ivory sun]

Thanks. Seems to be accounting probably for ILV staking only

[cyan rampart]

I think it might be even less than that, I'm showing $0.000039 daily and my ILV only stake does better than that lol

[tulip folio]

definitely not accurate for ILV staking only. my "daily earned" is too high to be ILV only and too low to be SLP

[ivory sun]

Yeah you are right. Haha

[cyan rampart]

There's been a couple other small issues with the Staking Dashboard display, just things not being calculated properly for display purposes only, everything so far has been actually fine behind the scenes. I wouldn't worry too much about it, I still show my full Rewards value when I actually go to claim.

I would be nice to have the Daily ILV metric be accurate though.

[urban badge]

Can I still leave my tokens in the V1 staking pool till my term ends and still draw interest?

[tulip folio]

yes as long you upgrade. "upgrading" is just keeping your tokens in the V1 staking, but it gives permission for V2 staking contract to read it.

once you're done upgrading if you look in the vesting tab you'll see all of your old deposits have v1 next to them, but they still accrue rewards as per usual

[urban badge]

@tulip folio Will I be hit with a gas fee?

[tulip folio]

yes

[urban badge]

Will I be charged for each stake or the whole pool?

[tulip folio]

Good question. You get one transaction to upgrade SLP and one transaction to upgrade staked ILV.

when you login to the staking site you should see 2 buttons, one for each

[urban badge]

@tulip folio Everything's in ILV but I added a few times. Didn't know if it all ran together.

[tulip folio]

Awesome, so you should get one transaction to claim pending rewards and upgrade all in one go if I'm not mistaken. Although I think I got a small transaction to approve access (it was like $7 for me)

but frankly that might only be relevant for SLP... looking at my transaction history I have 4 total

[urban badge]

@tulip folio Cool, I was thinking $70 three times. What's the end date on the switch?

[tulip folio]

oh my 4th transaction was for staking some new SLP I had

[tulip folio]

not sure what you mean end date. You can upgrade at any time, and you're not accruing rewards if you haven't upgraded.

[urban badge]

@tulip folio Well, gas right now is $80 and kind of feel screwed over. I'll try again later.

[tulip folio]

Yeah if you don't have a ton of ILV waiting then you could wait a day or two for gas to be 30-40 and save a good $40-$50. If you wouldn't make that much $ in ILV in a couple days it makes sense to wait.

[urban badge]

@tulip folio If not earning can I unstake?

[tulip folio]

I honestly don't know, I think if it's vesting or locked then no. If it's unlocked and not earning then probably

[urban badge]

@tulip folio Thanks for your time. Can't say I'm happy about this and would consider dumping my position.

[cunning perch]

you will be charged gas for any TX you do. Stake/unstake/withdraw/claim/transfer, etc.

that's the rule of smart contracts

[urban badge]

@cunning perch Thanks, I just dislike the fact I'm being charged again on a locked stake.

[cunning perch]

Well, this "being charged" part is out of ILV's hands. You'll have to do it anywhere on the blockchain with whichever staking pool or smart contract you interact

[proven timber]

Trying to decide how long to stake for . If i choose 1 month , what happens at the end of the month ? Can I just leave it, and it keeps earning rewards without me doing anything ? Or at the end of staking period must I restake in order to keep receiving rewards. ?

[tulip folio]

you can leave it there, but it will stake at the weight you put it at. so if you stake for 1 year you get 2x weight and earn double, then you can leave it there and keep earning double. If you stake 1 month and leave it for a year you earn a lot less.

[proven timber]

@tulip folio gotcha

[tulip folio]

I just put all mine at 2x weight/1 year lock, but I know I won't need the money. NFA, but in 1 year there's a really good chance ILV will be way higher than it is now. I would just stake 1 year. Maybe you're smarter than me and think there will be a huge spike that you can take advantage before it drops a bunch (like how it was just at 1900 and now is at 650). Good luck if so

[proven timber]

@tulip folio i think IM gonna shoot for something in the middle . I love illuvium s potential, but man i have been burnt so many times on crypto.

[static kernel]

Guys, is it just me, I can not find anywhere in staking v2 dashboard, what is my current APY for ongoing stakes? This is pretty important info for me.

[cunning perch]

you can see the APY of what you will get in the staking tab.

that APY is not fixed though

it will change as more ppl get in and reward distribution drops every 2 weeks

[static kernel]

yes, but I want to know, what is my current APY on ongoing stakes

[bright verge]

when staking in SLP, i need to match the ETH with how much ILV im staking?

[final steppe]

Unfortunately, for those who do not have a 2.0 weight, a calculation would need to be done manually to determine the APY based on other token weights at this time. One option is also to go to the Staking tab and click "Stake" as if you were going to stake... and just select the different lock periods to see the current APY for whichever lock period you actually used for your deposit.

I did bring this up to Carlos and he said he's going to bring some solutions to the team and see if that can be updated. It would be nice to be able to see the APY for each deposit/rewards in the Vesting tab... but then yeah, an overall APY for everything combined would also be pretty sweet!

[final steppe]

Correct-- they must match in USD value. So for example, if you are wanting to get SLP tokens with $1000 of ILV, you would also need to add $1000 of ETH-- $2000 total.

[bright verge]

cool thanks!

[static kernel]

Thank you for answer, this is interesting. How it is possible I am receiving rewards, if there is no easy way to know, how much rewards I should be really receiving? Or is there a way to figure it out at least approximately? Because I can now take out one of my stakes, but without knowing, how much it is now earning in flexible pool, I do not know, if it make sense to withdraw and stake again for longer time period. If my stake weight is for ex. 1,25 is it approximately 300% /2 *1,25?

[ionic kayak]

Hi guys, ILV/ETH LP here. After upgrading both pools, is there anything else I need to do to continue receiving rewards ? I was confusing about the “claim”, is there anything I have to restake or do ? Thank you!

[final steppe]

If you know how long you locked your staked deposit, an easy way would be to go to the Staking page and click on the "Stake" button again. Then select/enter the duration you used for your stake and it will show you the current estimated APY.

With a 1.25 token weight, that would have been a lock period of 3 months if I'm not mistaken so...

[final steppe]

Or calculation wise... if 2.0 token weight is currently 269.02% and you're wanting to find the APY for 1.25 token weight, it would be...

(1.25/2) * 269.02

[fluid prism]

hello i already upgraded my ILV/ETH pool on Mar 24 but im still not seeing any pending rewards

ive been staking since Jan 26, 2022 but i still have 0 rewards

and I still see the button for upgrading ILV and ILV/ETH pools

[final steppe]

Hey Janpatout-- if you upgraded your pools to V2, you should be all set and you should see rewards accumulating in your "Pending Rewards" box of the Dashboard.

As for the claim, if you had pending rewards from V1, you would have been asked to claim them either as ILV or sILV when you upgraded your ILV pool to V2. If you selected ILV, those rewards would have automatically restaked in the ILV pool and they will be locked for 12 months. If you selected sILV2, they would have been transferred to your wallet immediately.

I hope this answers the question!

[final steppe]

Hey Jablo-- Staking activities were halted beginning on Jan 20th as the team started prepping for the upgrade to V2. During that time, the only action available to the community should have been to **withdraw ** any deposits that were already staked. However, it seems some of y'all still managed to submit new stakes during that pause 🤔

For those who managed to somehow stake a new deposit during the pause, there are issues upgrading to the V2 pools. The team is aware though as there were a few others who reported this issue before you. Just waiting on further updates from the team about this specific case 👍

[candid plover]

What does ILV earned daily mean on the staking dashboard?

[final steppe]

Hehe, it's supposed to be just as it sounds, I believe! But the calculation is not currently correct....

[candid plover]

Mine is like 0.00000025 which is well below what i make per day haha

[static kernel]

That is precisely what I wanted to know. Appreciate your response. Enjoy your day Reminisc3nt

[ruby drift]

Calculation is definitely not correct. Same with pending rewards on dashboard compared to pending rewards on rewards page.

Actually, pending rewards on dashboard adds up both pools pending rewards. So it is correct.

[wispy ferry]

What’s the best way to figure out the ratio of ETH/ILV in one SLP at a point in time?

[queen grove]

they say zapper. It's pinned. I don't see it but that's what they say

[gloomy gazelle]

#🥩〕staking message

[halcyon canyon]

Has stacking V2 started yet Nd if yes are there any bugs?

[copper dawn]

Yes, staking V2 is Live: #📣〕announcements message

Everything is operating well from what I see and what has been said by the team.

[gloomy gazelle]

A couple of potential issues are being experienced by those that did contract interactions during the pause from January 15 to March 23. New deposits during that time have difficulty upgrading (They weren’t supposed to stake but some did anyways). The other I don’t have much data on, but those that claimed rewards during that same paused period may not actually claimed their rewards and will probably end up claiming them upon upgrading now.

[sturdy tangle]

If I choose the 12-month period lock on the SLP, after that if I don't withdraw does it still generate yield and rev dis with the same 2.0 multiplier?

[cyan rampart]

Yeah, it continues to generate yield and is eligible for revdis after the lock period ends.

[queen jungle]

can we just play, the hype is to much man

[rugged ibex]

I staked SLP for 6 months, which has now finished. Do I continue to get rewards if I dont withdraw ? Or do I need to withdraw and stake it again ?

[manic brook]

gas supposed to be low rn, what's going on?

[proud moth]

If you have upgraded the pools you will still get rewards. You don't need to withdraw and restake. If you haven't upgraded them yet, please visit the staking page you will see the upgrade buttons.

[ember ginkgo]

It's quite low

[manic brook]

last week I snagged a 15-18. It's low compared to what it was 4 months ago, but higher compared to some of the deals we've been getting recently

[sturdy tangle]

Guys, the multiplier that increases the longer your locking period is valid for rev dis as well or it is applied only for yield farming?

[gloomy gazelle]

The weight for the lockup is part of what is considered for revdis calculations as well.

[brisk surge]

do you need weth for slp pool or just eth, or is it the same

[fresh grail]

ilv and eth. I'm not sure if weth will work.

[rugged ibex]

I have already upgraded. So I will still get rewards even though my 6 months is over ? What rate will I get, the flexi one ? Hard to tell where rewards are coming from as I have the vesting rewards too

[proud moth]

You will get rewards the same weight as your original stake.

[unique acorn]

guys how do i get SLP?

[safe vale]

any good way to calculate how much the ilv/eth LP token to how much money-il/eth amount!!?
Think about adding more to my stake ha 🤔

[proud moth]

Check the latest pinned message

[gloomy gazelle]

[unique acorn]

i did and now i got more questions xD

[gloomy gazelle]

#🥩〕staking message

[gloomy gazelle]

We are all here to learn

https://tenor.com/view/boy-math-school-asia-study-gif-18879119

[unique acorn]

So how does it work when i go on Sushi and add 50/50 Eth/ILV what happens?

[gloomy gazelle]

2 kinds of tokens go in. One new kind of token comes out.

!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.

[unique acorn]

so if i have 5k€ i buy 2,5k in Eth and 2,5k in ILV and i get 5k€ of SLP right?

[gloomy gazelle]

Basically yes.

There will be Ethereum network fees to pay.

[stiff seal]

make sure you have extra eth though for gas

[unique acorn]

how much would gas be?

[stiff seal]

it varies, 40-80$

[gloomy gazelle]

Safest to keep like $200 worth of eth for all the fees

[unique acorn]

is it more when it is a larger amount of cash?

[gloomy gazelle]

You’ll have more fees later

Flat rate for fees.

But it’s variable.

!fees

[knotty river]

Fast: 44 Standard: 43 Slow: 43
Simple ETH TX: $3.13 (0.0009 Ξ)
Token Approval (ERC20): $7.65 (0.0022 Ξ)
Token Transfer (ERC20): $7.3 (0.0021 Ξ)
Uniswap Trades: $18.43 - $30.61 (0.0053 Ξ - 0.0088 Ξ)

[gloomy gazelle]

#🥩〕staking message this may be helpful

[unique acorn]

should we do it via Metamask directly or via Binance?

[stiff seal]

you buy tokens from exchanges like binance, hold your assets in wallets like metamask

[gloomy gazelle]

You could get the ILV and the eth on binance. But for the eth/ILV SLP tokens you need to LP using a wallet like metamask

[gloomy gazelle]

Here is an old video. But it has some good info. Even if some of the technical stuff has changed. #🥩〕staking message

[pearl prawn]

any chance you can unclaim ilv? i was meant to hit silv2 when i did the change over lastweek and only just realised i fucked it

[carmine agate]

nope

[pearl prawn]

i wanted to use my ilv rewards on land fml lol

[carmine agate]

its already written on the chain sorry

[gloomy gazelle]

Sorry man. ILV will be better anyways.

Those land grapes look sour

[carmine agate]

its a blessing tho you can buy cheap sILV2

[safe vale]

👌🏻

[west shore]

You think staking for revdivs will be more profitable in the long run than land? Not arguing your point just asking for your opinion on it.

[coral pike]

NFA just my opinion. #💰〕token message

[brisk surge]

do you stake in the SLP or the ILV pool? I'm trying to figure out which one is best, I haven't been able to find an answer for how the APY is calculated for the SLP rewards. I know how impermanent loss works, just not sure on the APY.

[potent flare]

apy is 300%ish atm. It goes down 3% every 2 weeks + the more stakers there are. Most here stake in both pools