🥩〕staking

[cyan rampart]

The APY is pretty complicated for the SLP. It's calculated off the value of the SLP tokens you stake (so it's for the entire value, not just the ILV portion). Some number of ILV tokens go towards the SLP pool every 2 weeks, and those are split up between stakers based on share of the pool and token weight. Since you're staking ETH + ILV, when the price of ILV goes up, the APY also goes up, since you're being rewarded in ILV. That doesn't increase the NUMBER of tokens you're getting as rewards, but it DOES affect the APY.

I hope that's most of what you were wondering.

[brisk surge]

yes, ty

[verbal heron]

https://gfycat.com/unimportantgargantuanamurstarfish

[keen timber]

I am thinking of staking in the SLP pool for the first time. I have one question: does the APY you get when you stake get “locked in”? Cuz I know the APY goes down as more people stake but do I have an advantage over the people who stake after me? Or does my APY fluctuate too

[potent flare]

apy fluctuates

Otherwise it would be weird, imagine those that staked first, would they be receiving 30k% apy, while others get 300%? nah

[cunning perch]

No it should work without having to claim. What kind of error was that?

Was it a gas issue?

Like ran out if gas? Or maybe cannot estimate gas?

Ok so you need to raise gas limit

Before confirming the TX, you should click on “edit” just above gas price and raise it. For example if it's 250,000, make it 300,000. You slightly pay more, but it will go through

[supple flume]

Got it. I’ll try again. Thank You brother🙏

[cunning perch]

No worries. It's called “gas limit” raise it and you'll be fine.

[supple flume]

It worked. Thanks again brother. 🙏

[cunning perch]

Always happy to help 🙂

[ember ginkgo]

What a nice guy

[quiet hatch]

Damn I just got this "out of gas" error too... reading up.
Is metamask no longer automatically setting the correct gas limit for V2 transactions or something?

[cunning perch]

Well it's the gas limit. I have never faced it as I almost always raise it before any TX. I just don't trust apps to do it for me 😄

[quiet hatch]

Yeah never needed to change the gas limit in V1 - Do you know if there's somewhere I can read what the correct gas limit is for the different actions, so that I can avoid failures in future?

[cunning perch]

I had to change sometimes when claiming on V1. It's a common issue not related to ILV. Limit changes with gas price afaik. Idk any article. Since I'm paranoid, I just raise it and its been a year that all my TX have been don under 45 secs

[quiet hatch]

Oh so there aren't specific gas limits for the different ILV transactions? (I thought the gas limit was based on the size/storage/etc. of the specific transactions?)

Cool okay, I need to go read up on this again, been a few months since I read all about how gas limits etc. work! Thanks :>

[cunning perch]

No worries. Usually 50,000 is more than enough.

[quiet hatch]

Spent the whole day yesterday waiting for decent gas prices, then the first transaction I do just fails and gives the gas away for nothing.... Not even salty... 😭 🤣

[viscid ferry]

Normally I just add 100k to whatever gas limit defaulted by metamask.. and lower the GWEI value to around 20% up from the lowest point in gasinfo.io > Gas Price History chart.

[quiet hatch]

If you withdraw from the ILV core pool, am I correct in thinking it will be the following 2 transactions?

1. Claim pending ILV core pool rewards (SLP rewards can be left pending)
2. Withdraw

[short tiger]

staking wouldn't be closed anytime soon right?

[buoyant jetty]

Hi
Can someone confirm if I'm right.

Before the pause I was staked in ilv pool.
So I have upgraded the to v2 and hade some rewards bit the got locked in the Vesting.
This is al correct? Am I supposed to do something else?

[cunning perch]

No. Withdrawal should be claim-free after upgrading

[cunning perch]

It will never be closed. Yield is up for two more years and RevDis is eternal

[cunning perch]

You just needed to upgrade. That's it.

[bright verge]

what happens when there is a rev dis?

[cunning perch]

You claim it.

[bright verge]

you mean rewards?

[cunning perch]

RevDisn has its own section in Dashbord. You'll have to claim it

[bright verge]

aha ok thanks 🙂

[quiet hatch]

Oh well, it isn't 😅 (I just withdrew some ILV from the core pool, and it states you have to claim first).

[cunning perch]

But you did all in 1 TX right?

[quiet hatch]

No it was two transactions

[cunning perch]

So you paid two separate gas?

Yeah I remember how it works. You withdrew from V1. And V1 always requires two TX even after the upgrade.

This has been fixed for V2 stakes

[quiet hatch]

Yeah it was two fully separate transactions, claim, then withdraw.

Ah hmm, this was withdrawing an unlocked **V1 stake **(it was locked for a few months), perhaps that's why.

I guess there aren't actually any V2 stakes that can withdraw yet (1 month minimum lock) - but those will be claimless withdrawals in the future?

[cunning perch]

Yes exactly. Since you withdrew a V1 stake, you were forced to claim. V2 ones are yet to be withdrawn. (V2 deposits, not upgrades)

[halcyon oracle]

I'm not seeing a very big evolution with the gas fee in V2 or am i wrong ? I've just tested and it's 50$ at 36gwei to claim. Seems the same as before

[spring cipher]

question: I think im missing a piece; when all iLV is claimed or burned, what will happen to revdev and rewards? will rewards be converted to ETH?

[rugged ibex]

ok cool, thanks for your help

[potent flare]

yield farming will stop, reveue distribution will happen with ilv

[hoary fog]

Hello

[crisp glen]

I think i may have done something wrong when i upgraded i doubled my SLP position and with the APY being roughly the same my daily returns is only fractionally better. i don't get it.

[fast trench]

Anybody know what the "ilv earned daily" at the bottom of the dashboard is for? Mine has 7 zeros before the ilv total and it's not even close to what I'm getting.

[frank bobcat]

i just noticed it too..wasnt supposed v2 to be much cheaper in gas fees ?

[proud moth]

When you upgrade your SLP staked should be the same. Unless you deposit more then your SLP stake should increase.

[tight oyster]

Hi, i have a little problem with my claimed rewards
I just have withdraw my SLP form the SLP pool and claimed rewards
The claiming reward transaction is successfull, i can see my rewards in the vesting board blocked for 1 year
but they don't have compound in the ILV pool. I still have the same amount of ILV in the ILV pool than before the transaction.
Is it normal ?

and the same Total ILV claimed than before

[proud moth]

Have you tried refreshing the dashboard page?

[tight oyster]

Thx a lot, it was just the refresh... 😄

[proud moth]

Ah glad to hear that

[crisp glen]

i did increase it in fact i double it but my rewards are not double not even close in fact its only marginally better then i was getting prior to V2. its almost as if im only getting rewards on my new deposit and not on my old v1 rewards. example : had 1SLP was receiving 0.04 daily at 300% now have 2 SLP and im only receiving 0.05 at 296 doesnt seem right.

[proud moth]

Might be much cheaper for v2 stakers idk. Upgraded stakers still can save a lot of gas in this new version because they can claim both pools in 1 transaction

[proud moth]

You can tag one of the mods. They will help you

[bright verge]

all the rewards collected from SLP will be locked for 1year?

[livid light]

in sILV2 it's not locked and ILV yes locked for 12 months

With the lower gas just wondering the perfect time to claim ILV and how often 🙂

[gloomy gazelle]

That I don’t know. But staking is a completely passive roi. Land is a land investment. Profit will primarily be in selling the land. The active return of fuel and blueprints are super cool and will be awesome to be able to play a game and take part in the backbone of the in game economy for Illuvium. But it’s just not the same. I don’t actually think the land looks bad. It’s just that I won’t be getting the t4 that I had initially dreamed of. But I will do what I can to play #🎮〕illuvium-zero on a land NFT.

[noble osprey]

Hello everyone

[gloomy gazelle]

[noble osprey]

I already bought ILV on Balancer. I have a question about the new window that shows the daily staking rewards. It is not working properly for me, wait or can I clear my cookies?

I do not know if it counts badly for me, or for everyone else

[autumn cloak]

You mean like the estimated daily rewards earned? Yea last time I looked at it it wasn’t correct for me either. It only just went live though, so I’m going to wait and see if it balances itself out after a few days

[halcyon oracle]

@gloomy gazelle Hi, so can we have info on the benefit of V2 ? It was supposed to have much cheaper gas fees, but I dont see it for the moment. 50$ at 36 gwei is not cheaper

[noble osprey]

clear cookies doesnt help

[noble osprey]

me to

[gloomy gazelle]

Clear CACHE. Not the same as cookies.

[final steppe]

I suspect not every instance of paying a gas fee is going to be cheaper... although I'm not well versed on every smart contract interaction that is run through the protocol. But as for some of the benefits...

1. if you have rewards pending in both the ILV pool and ETH/ILV pool, you can now claim rewards from both with one gas fee. Previously, you had to pay gas 2 separate times, one for each pool.

2. In V1, as the 12 month vesting period on your rewards completed, they become unlocked for you to withdraw. You would have had to pay a gas fee for each deposit and each rewards vest that has unlocked. In V2 you can unstake all unlocked tokens within 1 transaction.

3. In V1, if you had tokens staked, and you decided to stake more tokens, you had to pay a gas fee to stake, then you were also forced to pay another gas fee to claim rewards (2 extra gas fees if you had to claim rewards from both pools). In V2, you can stake more tokens all you want and don't have to claim your pending rewards.

Overall, that results in quite a bit less paid in gas fees, in my opinion.

[gloomy gazelle]

V2 reduced the number of transactions that will be needed. For some by like 3 times. So instead of paying 3x$50 it’s only $50

[noble osprey]

I did it also

"In that case you’d have to clear bug on the wallet you’re connecting with manually"

@ebon belfry send me that tip on DM, what do you think

[final steppe]

Sounds like a potential setup for a scam tbh. Most DMs claiming to help usually are.

Please do not click any suspicious links or connect your wallet to sites they DM you

[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.

[noble osprey]

i know it, thats why i mention he there

[final steppe]

https://tenor.com/view/suspicious-eyes-chicken-squinting-despicable-me-gif-13584722

[carmine agate]

https://tenor.com/view/supernatural-sam-winchester-jared-padalecki-dean-winchester-jensen-ackles-gif-15645791

[noble osprey]

#🚨❗〕report-scammers

[halcyon oracle]

@final steppe@gloomy gazelle ok thanks for the update. I see now, it wont be cheaper to claim rewards, it was just optimized in some ways that were not practical before.

[limber tangle]

Hi guys, please clear this up for me. If I stake a certain amount of ETH and then a few weeks later, I want to stake some more from the same wallet, does the amount in the pool get updated (compounded) or will another entry be made under the staking tab?

[proud moth]

Yes the amount in the pool get updated and yes that another entry you have to make it under the staking tab

[cyan rampart]

It'll be a new entry, it doesn't update your existing Deposit.

If you did 1 deposit of .5 SLP a week ago and did one today, you'd see 2 deposits of .5 SLP, not one deposit of 1 SLP.

[limber tangle]

Ah that clears it up. Thanks guys.

[final steppe]

Correct. There is also this (see below) but the way I interpret this is the rewards claims gas fees will be cheaper for those deposits which are fully on V2. This would be new staked deposits after V2 went live or any unlocked deposits from V1 which were fully withdrawn and then restaked on V2.

Any locked deposits that are still on V1 but now earning rewards on V2 after being "upgraded" would likely not see this particular benefit. At least that's my take on it

[hot comet]

after the 12 month lock on ilv do the rewards still have to vest each time you claim them?

[final steppe]

Hey IAN-- So say you stake your ILV and lock it for 12 months. You can claim your rewards as often as you'd like throughout the 12 months but know that if you claim rewards as ILV, each set of ILV rewards claimed will automatically vest in the ILV pool and be locked for 12 months as well, starting from the time you claim them.

A hypothetical scenario may help:
You staked 5 ILV for 12 months starting Jan 1st 2022.
You claimed your 1st batch of ILV rewards on Jan 9th 2022
You claimed your 2nd batch of ILV rewards on April 2nd 2022.

Your initial staked 5 ILV is unlocked Jan 1st 2023
The 1st batch of rewards are unlocked Jan 9th 2023
The 2nd batch of rewards are unlocked April 2nd 2023.

But the other option is to claim rewards as sILV2... that is a different token which does not have a vesting period. It will be available in your wallet immediately after claiming.

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

[heady hazel]

So when we got that extra boost of rewards the first hour V2 went live the other day, does that happen to everyone that starts staking or did those first hour peeps just get lucky?

[gloomy gazelle]

https://tenor.com/view/homer-the-simpsons-nevermind-hiding-i-was-never-hear-gif-3521541

Probably just a special treat for the long haulers.

[crisp glen]

@final steppe so I double my slp stake position and upgraded but my daily returns are the same as they were when I had half of what I have now. Did I do something wrong when I upgraded. Seems to me like the apy is the same so my returns should be double what they were prior to v2 right. I could be out in the weeds but it just seems off to me.

[tired cosmos]

Say I have 1 SLP staked for 365 days, and the current APY is 300% (and lets assume the APY is constant of 300% for the sake of example), shouldn't that mean I get 3 SLP (or ILV/sILV2 quantitative value) in 1 year?

[final steppe]

@tired cosmos One thing to note is that you are not earning 300% (or whatever the APY is at the time) on your token count. You are earning an APY of 300% on the $ value associated with the tokens you have staked. 1 SLP months ago prior to V2 and the pause of V1 likely wouldn't be the same value as 1 SLP now.

[bleak karma]

hello, can i dm a mod to ask a doubt about upgrading to v2? i need to send screenshots

[fierce chasm]

in terms of revenue distribution it is already clear, that for the L2-Staking only the part of ILV is taken into account. But at what state? The amount that the staker did put in as he merged ETH and ILV, or is it variable and then half of the value at the moment f snapshot taken? This would have a huge impact of the behaviour for staking. If it is the 2nd one, then if the ILV makes a 10x (and ETH stays stable) after pooling ETH/ILV, then the revenue will become around 50% less.
Thanks in advance for your reply 🙂

I personally hope it will be based on the first method. then it behaves like impermanent loss that only get permanent loos when sold back to seperate tokens. This where you suddenly recieve a different amount of both token then used to pool them earlier.

[final steppe]

Hey Paul-- you can send me a DM 🙂
Although fair warning, I may need to take off in a few!

[muted valley]

I have staked in the SLP pool.... If I have ILV for rewards (for example 5 at some point) and I want to reinvest the 5 ILV so I can compound the rewards, do I take the 5 ILV for rewards and claim then and then stake the 5 ILV and stake them with the amount of ETH needed to buy more SLP? I thought the rewards were locked for another year and gradually released at a certain % every month. How can you stake them to compound your interest if they are locked for another year?

[queen grove]

I think what you are saying is how can I take my accumulated rewards and pin them to ETH for more SLP? And the answer is you can't. They're locked in the ILV-only pool for a year. Like you thought

But they are gonna be earning RevDis (which isn't locked) here soon so that's a plus.

[fierce chasm]

yes and no, you can't directly compound into the V2 pool directly. You can only compound in ILV-Pool. If you want to put into V2-Pool, then you need to claim in sILV2 and trade it for ILV. Problem is, that sILV2 is 1/3 of price at the moment. So yield would be significantly less.
Me personally not doing this. Hoped for a auto compounding smart contract, that trades halve of the yield for ETH and increases v2-Pool. But wihtout that, I will only increase it with ILV that I can later claim after 12Month vesting period.

Maybe I claim some more sILV2 for land sale, but rest goes into ILV single staking pool to compound. Hoping Revdis becomes huge^^

[muted valley]

With the yield APR of 267% and APY of 297%, how can you accrue the 297% if you cn't compound the ILV by restaking?.....

[fierce chasm]

yeah, that is the question^^

[wispy ferry]

Is ILV Earned Daily working for anyone?

[fierce chasm]

nope

[wispy ferry]

That's interesting, it was working for me last night.

[fierce chasm]

gaining waaaaay more than is shown there for me^^

[muted valley]

Do we withdraw the ILV rewards and add them to the ILV polol to compound the rate?

[wispy ferry]

Ahh its working again

[misty prairie]

I need to stake more SLP

[fierce chasm]

claiming as ILV means putting them into staking pool for at least 12months (vesting). and during this time it generates more yield

[queen grove]

That's not the most useful metric. You're getting your 300% of SLP in ILV. Every time you claim those rewards they go into the ILV only pool where they keep compounding at 20%, but you can't take them out of the ILV pool and put them into the SLP pool because they are locked.

Sorry if you already know all this, but it sounds like that's what you're asking

[muted valley]

can a Moderator please tell us how to compound the SLP pool to get the higher APY rate?@crimson cipher or @worn turtleor @final steppe?

[muted valley]

How can I putthem in the ILV pool also ifi they are locked?

[queen grove]

They are locked in the ILV pool

[fierce chasm]

this is what claiming does automatically

[worn turtle]

Compounding is described right above... when you claim ILV they are claimed and locked in the ILV single pool thus compounding

[queen grove]

Look I hate talking to community members too, but while we're waiting, they're just going to say that you can't.

[fierce chasm]

Hey Rich, could you also give an answer for my question? #🥩〕staking message

[crisp glen]

This was very helpful I'll look at my numbers and get back to you if I have further questions. I did bye more slp when it was lower so this is probably why I'm not seeing a sizeable difference in returns.

[jaunty flax]

I just upgraded to the new ILV pool

Do I need to claim my pending ILV rewards from V1 staking?

[cyan rampart]

If ILV moons compared to ETH, your SLP token is composed of less ILV. That WOULD affect the amount of revdis you're eligible for. It's not snapshotted at the time of your stake.

[cyan rampart]

The Upgrade transaction for the ILV only pool also claims your rewards. By Upgrading, you would have to claim your pending and accumulated rewards.

[cyan rampart]

When you claims Rewards as ILV, those Rewards are automatically staked at 2.0 weight in the ILV only pool. They start compounding as soon as you claim them. The APY displayed on the Illuvium Staking website is based on 12 claims a year (i.e. 1 claim per month). If you plan to claim less often, the APY will be less. If you claim more, the APY will be more. How often you actually decide to claim should be based on how large your stake is (i.e. how many rewards you're claiming), and how high gas fees are. I personally only claim when gas is cheap and I have 6+ ILV in pending rewards, but that's just me.

You do not have to withdraw claimed ILV Rewards and manually stake them to have them compound.

[fierce chasm]

okay, thank you. so for every revenue distribution I need t calculate half of the SLP token divided through the ILV-price at the moment of snapshot to see how much ILV I have in this pool. This amount I need to divide by the total amount staked to see how much I have in proportion. Will the snapshot block/time be communicated to the community after you made it? Or will it be hidden completely to not give any options for prople interested into expoiting the system?

[cyan rampart]

That's right, you'd also factor in token weight, which IS used for revdis calculations. Your ILV holdings from an SLP stake would be (as you said): SLP value / 2 = ILV value -> ILV value / ILV price = ILV tokens.

You're talking about snapshots for revdis purposes (i.e. pre-land sale)? I don't think we have much info yet on how/when those will be done. There have been talks about spreading revdis out over some time interval as well to help prevent transient stakers from unduly benefiting from revdis.

[jaunty flax]

I already claimed and staked ILV so it should of claimed already? Or after staking in new pool I need to click upgrade yield and claim rewards?

[cyan rampart]

You definitely will want to Upgrade Yield and claim rewards.

[jaunty flax]

So far I'm doing right though?

claimed and then staked and now need to upgrade in that order?

[cyan rampart]

Generally you want to Upgrade first, you should be fine if you haven't done it yet though. Super worthwhile to read through the documentation for your specific staking scenario. #📣〕announcements message

[jaunty flax]

Do I need to claim it in SILV or just ILV? sorry

[cyan rampart]

That's up to you, do you want Rewards as sILV or ILV? Note that ILV rewards are automatically staked for 12 months, and generate their own yield during that period.

[jaunty flax]

Ok so will just do that then. 1 year later will be totally worth it imo

[cyan rampart]

You get to decide every time you make a claim, but there's no undoing claims, so choose carefully.

[jaunty flax]

Thanks so much going ahead and claiming now 🙂

[fierce chasm]

thank you very much for that insight!
Illuvium team is just awesome in terms of sharing information, helping and being transparent!
I really love how you handle this!

Many many projects could learn from this heavily... but they won't... Most projects forget that this is a very important part of a project, if community acts as a catalyst, investors and potential playerbase. It is no "web2"-Project launch^^, so you need to handle the communication different to the classic style like legacy studios do.

[cyan rampart]

Word of mouth is the best advertising there is, and people are more willing to tell their friends when they understand! I totally agree, helping onboard people is super important!

[proven timber]

I still dont understand claiming rewards in ILV. When it says u claim it and it is vested for 12 months, does that mean u r able to unlock and claim a little at a time over the 12 months or is the reward completly unclaimable until the 12 months is up ? I know it earns and compounds rewards during the vesting .

[proud moth]

The claimed reward is completly unwithdrawable until 12 months is up

[proven timber]

@proud moth gotcha . thanks for taking time to respond.

[midnight crow]

If you have several pools from which you can withdraw, can you withdraw from all with one transaction or do you need to withdraw from each separately?

[ember ginkgo]

Different pool requires different transactions

[midnight crow]

Ok, thank you. BTW when did you become a mod?

[ember ginkgo]

Today

[midnight crow]

Congrats!

[earnest geode]

Congrats!

Well earned.

[bright verge]

what is compound rewards? can i read about it somewhere?

[whole saffron]

Basically the rewards you earned from staking, is also earning rewards.

[bright verge]

rewards earned from compound are locked with the amount claimed?

[whole saffron]

when you claim rewards, they are vested for 12 months.

[void crescent]

hi guys , i have 2 question about staking: 1 -How the Apy is calculate if the compound start only after the claim ? 2 - can he stake multiple time? ex: i want to stake SLP and lock for 12 month, but i also want to Stake SLP for 6 month.... it is possible ?

[whole saffron]

1. iirc, it's compounded 12x (like claiming rewards every month)
2. yes, but different transactions

[void crescent]

thanks 👍

[muted valley]

So if I understand correctly..... If I have SLP and withdraw say 5 ILV that are in my rewards for SLP, the 5 ILV is automatically staked in the ILV pool for a year. That is how we can compound the SLP interest (stats are if done monthly - may do more or less depending on what we desire but there is a cost to withdraw the reward (ETH fee)) The ILV withdrawn as SLP staking reward (in this example 5 ILV) does NOT have to be restaked in the ILV pool ....The date of the reward that is withdrawn is when the 1 year starts for the new ILV to start it's year of accrural and then 1 year from now would then start to be vested over 1 year... is this correct?

[cyan rampart]

Just to be clear on terminology here: You don't withdraw your 5 rewards as ILV, you're claiming the 5 rewards as ILV. When you do so, they are automatically staked in the ILV only pool for a year.

The date you claim is the start of the 1 year vesting period for ILV rewards. This means that a year after you claim rewards as ILV, those ILV tokens will finish their 1 year lock period and will be available to withdraw.

When ILV from reward claims unlocks, it's not a linear unlock. They simply unlock, just like any other stake would.

If I claim rewards as ILV today, in 365 days, I am able to withdraw the entirety of the ILV I claimed.

[muted valley]

So the 5 5 rewards that are claimed are in the ILV pool and are locked for 1 year.... and when claimed in 1 year, they then start the vesting for 1 year? What is the percent released during vesting over that year? 10% per month, etc?

[cyan rampart]

I think you're misunderstanding. The vesting period IS the 1 year lock period. It's not additional. If I claim rewards as ILV today, in 365 days, I am able to withdraw the entirety of the ILV I claimed.

To rephrase this: If I claim 5 rewards as ILV today, they start their 365 day vesting period today. In 365 days, in the Vesting tab, I will be able to withdraw ALL 5 ILV.

Think of claiming rewards as ILV as starting a new, normal ILV stake with a 1 year lock period. That's exactly how it will behave, there's no additional steps or linear unlocking over any period of time.

[proven timber]

If u claim reward as ILV, does the vested reward count towards Rev Dis ? So if u claim 1 ILV and it is then locked/vested for 1 year , do u get Rev dis for the 1 locked ILV along with the compounding rewards during the 1 year vesting period ?

[fringe notch]

Yes

[queen grove]

Whatever happened to the idea of claiming to a different wallet in case your old one was compromised?/you got a cold storage wallet?

[pastel prairie]

Woooow...i just decided to stake 100$. Bad idea: 50$ for bridging and staking-fee. Think it takes 5 years to roi. That only works for high amounts...what a fail...didn't see that coming.

[brisk surge]

Strange thing regarding staking,
Me and my friend has the exactly same amount of SLP staked, but for me there is 2x also of this amount staked in the core pool.

The funny thing He has more Reward / day 😄

Can you let me know how is it possible ? 😄

[brisk surge]

Im gonna say theres a 99.999% chance that one of you did the math wrong.

Oh or weight. Are they both at the same weight?

[cyan rampart]

That sucks 😦 Yeah, $100 is not enough to be worth staking after ETH gas fees, especially if you're bridging off a CEX as well.

[brisk surge]

Exaaactly same SLP amount, and he has no core pool i have 2x more core pool than SLP 😄

there is no math to do wrong here

[cyan rampart]

Token weight (i.e. lock period) could be different though.

Weight affects staking rewards.

[pastel prairie]

Jep…no Chance (at least 4me) to anticipate this. Especially with staking experience from other Projekts where the payback was much higher with no locked assets and super low fees. (eg AXS Staking:-( )

[pastel prairie]

What is a reasonable amount. Must be something like >1000 with 1 year lock to be worth it

[cyan rampart]

When gas is cheap, I'd say somewhere around $1k is a good starting point. There are calculators you can use to help you estimate ROI (one of them is pinned in this channel).

We used to have gas fee calculators too, but they haven't been updated yet for Staking V2.

[worldly blade]

Hello, When im trying to upgrade the staking to v2, im getting "cannot estimate gas fees" and nothing happens, anybody knows whats up?

[final steppe]

Hey amarildo-- may I ask when you first started staking your tokens?

[worldly blade]

Yes, it's been quite some time now, since the first v1 staking pools were created...

[frozen briar]

Does the ILV Earned Daily section in staking the amount of ILV you receive per day? Just curious

[final steppe]

Ah, okay! I know of an issue where people receive this sort of error if they just started staking during the recent pause of staking. Just wanted to see if we can eliminate that possibility.

If you have sufficient ETH in your wallet to pay for gas fees, one remedy has been to ensure your wallet and browser are up to date, and to refresh your internet browser cache before attempting again.

[final steppe]

I believe it is supposed to be... but it is not displaying the correct figures at the moment. The team has been made aware so we may see a fix for it after the weekend some time next week 🙂

[worldly blade]

Yes, I also did top up my staking balance during the pause of the staking functionality...

[manic brook]

Anyone feel like their rewards aren't staking up fast enough? I seem to be accruing significantly less rewards than they APY would suggest, and a lot less than I was earning before V2.

[final steppe]

Ooh. Well... during that pause, 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 and the upgrade to V2 doesn't seem to happen as intended.

But the team is looking into it so we're currently standing by for updates regarding that.

[manic brook]

For reference, I have c100+ tokens staked tokens but earned less than 1 ILV in rewards over the last 9 days or so. Was earning c2-3 per week previously...

[worldly blade]

I see, understandable, in my case would it be better to withdrawal the funds that I staked during the pause? If so, what about the ones that are staking rewards during V1's yield?

Or would it be better to wait for an update? @final steppe

[cyan rampart]

The ILV only pool has a substantially lower APY than pre-pause. Conider that all the accumulated rewards from the staking pause that were claimed as ILV went into that pool.

[manic brook]

congrats Fraggy!! Thanks for being such an active part of the community

[brisk surge]

Also, yield has only been turned on for like 3 days so it makes sense that you dont have 9 days worth of yield.

[manic brook]

So post-pause, we all claim our pent up rewards, which all flow into core pool, which means big drop in return there? Makes sense

[cyan rampart]

Yeah that's the basic idea. You can, of course, do some quick math to figure out if your rewards are in the ballpark you should be expecting.

[manic brook]

Ahhhhhhh that's what I"m also doing wrong. I'm calculating from when I claimed my tokens during the claim phase before new yield goes live. I'm calculating from an entirely wrong time frame. Bit silly of me, that totally makes sense. Thanks bro! I'm exciting for my staking rewards again now - if it reflects c3-4 days then it makes a lot more sense

[cyan rampart]

APY / 365 = % yield per day, multiplied by tokens held = Actual Yield per day.

[manic brook]

Thanks for you help guys, this community is the best, even when I'm making a silly mistake you're super helpful - thank you

[manic brook]

Thanks fam - a combo of big influx into core pool, and me using an incorrect timeframe (my last claim date, instead of rewards returning go live date) is what it was

Remember when the core pool was doing like 80-100%! Ah the good old days

[final steppe]

It's almost like a dream...

[manic brook]

SLP was around 600% when I first got in too I think, now 260/300ish. Always knew it wasn't going to last forever with those amazing gains. So lucky to be here when we were though

[elder dawn]

(Three months in the future...) remember when slp was at 260% and ilv was still above 20%? Those were the days...

[heady hazel]

3 years in the future: “You bought 0.1 ILV? We got a baller over here!”

[ornate cypress]

Ahhh same here. U mustve gotten here in august

[tulip folio]

No kidding yeah I got in at that range too but wish I had as much SLP then as I have now. I was dipping my toes in so I bought 2 ILV at $180? Put one into SLP (a whole 0.26 weeeee) and plain staked the other, both for 1 year 2x weight. I just wasn't confident in this project because I had just heard about it. Much more confident now.

[hot comet]

okay thank you. so lets say in like 5 years or so they will still have to vest when claimed?

[tulip folio]

ILV Emissions for staking end after 3 years. After that as far as we know it will just be RevDis distributed ILV, which is unlocked immediately.

[regal relic]

When is the end of the 3 years ecactly, I mean for how long the staking has been live already ?

[tulip folio]

We are on epoch 20 of 78, each epoch is 2 weeks. So 116 weeks after April 14. Looks like mid July in 2024.

[hoary yacht]

Confused. I have updated the Ilv pool but small v1 sign is still showing on my vesting tab nex to all my staking amount. Anyone knows what that means?

[cyan rampart]

That's normal.

On a technical level, your Upgraded deposit still lives in the V1 contracts. If you've done the Upgrade transaction, it's just allowing the V2 contracts to read your V1 deposits.

[hoary yacht]

Thank you, so it is not worth withdrawing and retaking correct?

[cyan rampart]

There are some benefits to being staked IN the V2 contracts, such as even cheaper gas, and some additional functionality. I'd say if you've just Upgraded, it's probably not worth withdrawing and restaking. Upgraded deposits still get yield, revdis, etc, so your only real benefit would be slightly cheaper gas. That could be worthwhile if you're claiming frequently.

[silk meteor]

Hey guys, idk if anybody claimed rewards post upgrade, but when claiming rewards as ILV from both pools, is the gas fee higher if I claim them separately or at the same time? Which way is more advantageous gas wise

[hoary yacht]

Thanks for help guys. One more question. As my staking period past and now all the amount is sitting in Vesting tab and not in staking, where do I see my current APY and do I earn yields same as it would be in staking while it's Vesting? Hopefully that makes sense

[cyan rampart]

I'd do the combined transaction. It should be cheaper, and it certainly won't be more expensive.

[cyan rampart]

Assuming your deposit has unlocked (i.e. finished a locked staking term), and you've Upgraded, it will continue to generate rewards at the same rate it was locked at. You should be able to see the Weight in the vesting tab, that indicates what your APR will be.

There was a snapshot taken of wallets holding sILV at the time of the hack. You'll need to use the wallet the sILV was in at the time of the hack to claim sILV2. The snapshot has no way of knowing that you've transferred your sILV to a new wallet.

[polar nebula]

I just upgraded my v1 staking to v2 paid the gas fee and on the website it still says im v1

[hoary yacht]

The weight is 1.38, how do I calculate APY?

[cyan rampart]

That's normal, see: #🥩〕staking message

[polar nebula]

ty ill look rn

[cyan rampart]

1.0 weight APR * 1.38 = 1.38 APR

[hoary yacht]

What is it in % though, sorry

[cyan rampart]

Which pool are you in?

[hoary yacht]

ILV

[cyan rampart]

1 month APR = 12.18% * 1.38 = 16.8%

That might not be perfectly correct, but it should be very close.

[ember ginkgo]

No worries mate

[hoary yacht]

Thank you, not very high, but at the same time not the lowest, pretty much equal to v2 staking for 6 months. So I guess best leave it unless will decide to increase it by restaking for 12 months isn't it

[cyan rampart]

That is completely up to you 😛

[hoary yacht]

Ilv/eth so. Much higher APY, but I ha e never dealt with impermanent loss. Any suggestions if it is worth locking some in in that pool as you can earn more?

[cyan rampart]

I've found it to be worth it. I won't give advice, but it was a good decision for me.

[mighty rover]

So if my weight is 2.0 and the APR on the website says 300%, I'll receive 600%?

[cyan rampart]

No, the APR given by the website is the APR you get.

[sleek glen]

i am locked in the eth/ilv pool and have been accruing rewards. i have 6 months on my vested period left. because we had to upgrade to v2 i had to take the rewards as silv or ilv when it did that it locked those rewards for year from the time i took them. is that right?

[cyan rampart]

sasha couldn't see the APR since his tokens are at an unconventional weight.

[mighty rover]

Ah I see. Okay thanks for the clarification.

[cyan rampart]

That's right, when you claim rewards as ILV, those reward tokens start a fresh 12 month lock.

[sleek glen]

so when you lock for a year your actually locking your deposit for a year and cant get all your rewards for 2years in that case?

[cyan rampart]

Your deposit is only locked for however long you lock it. Rewards claimed as ILV are always locked for a year from the claim date though.

[sleek glen]

gotcha. ty for that clarification.

[manic brook]

https://tenor.com/view/i-see-what-you-did-there-steve-carell-wink-yes-gif-11363998

[cyan rampart]

sILV claims are not locked though, so you could avoid the full 2 year cycle. Ex. if you claimed ILV at 6 months, and claimed only sILV for the rest of time, you'd have everything out in 1.5 years from the start of a 1 year stake.

[sleek glen]

once your deposit unlocks if you leave it in there it will still create rewards at the weighted amount. is that correct?

[silk meteor]

Thank you Blickster You’re awesome!

[silk meteor]

Yes!

[eager pebble]

Hello guys what should u do? claiming before updgrading to v2 or upgrading to v2 1st then claiming? Thanks

[brisk surge]

You have to claim as part of the upgrade process, you get 2 gifts for the price of 1.

[full stump]

so i make my staking

now, for the near future, where i can see/claim profits ?

[vital kayak]

Does anyone know how the SLP value on our dashboard is calculated?
Let’s say on my dashboard my SLP value is $10,000 for this example.
How is that $10,000 figured? does the website take what percentage ILV and ETH is in each SLP token I have and calculate the value based on current token spot price?

[tall dirge]

Will the staking multiplier for locked tokens (i.e. 1.0 to 2.0) also work for Revdis? or will it just be a per token revenue

[midnight crow]

Check out (google) zerion ILV/eth. You can see the value there for each SLP token in real time.

[abstract crown]

Hey, on the Dashboard what is this value representing?

[heady hazel]

Hey, I know you get revdis on your staked ILV. But once you claim it and it goes from staked to vesting are you still getting revdis on vesting ILV?

[carmine agate]

yes. SLP is always 50:50 ILV and ETH

[cyan rampart]

The value is just # SLP * SLP price.

You can work the price of an SLP out by diving the value by the number of tokens. Half of that will be ETH, half of it will be ILV. It factors in the 50/50 ratio.

[cyan rampart]

Nothing meaningful as of right now, that display is bugged.

It's intended to be the ILV you earn per day, but it's showing basically nothing right now.

[abstract crown]

Okay cool, thank you

[carmine agate]

do they use ILV price or ETH price? because they diverge. I reckon its ILV price times 2

[cyan rampart]

Yes, you get revdis on vesting ILV.

[cyan rampart]

What?

[carmine agate]

i see that the value of SLP on the dashboard goes up and down. How do they calculate the price movement? just by following ILV price movement right?

[gloomy gazelle]

No. Each SLP token holds its designated portion of the sushi liquidity pool. And the entire sushi liquidity pool holds a specific amount of eth and ILV tokens. This amount goes up and down depending on the swaps that are made. There must then be an oracle that pulls the price for eth based on some standard price. And ILV price is determined by how much eth ILV is trading for in the Sushi liquidity pool. And then SLP tokens can be given a value. It all might actually be written in a smarter way than I just wrote it. But it’s similar.

[carmine agate]

so the SLP value on the dashboard is from the LP pool, and its taking account IL?

[elder dawn]

What pelican said. Short version is it depends on ilv price, eth price, and the ratio between the two, and adds in the swap fees earned. It accounts for IL.

[carmine agate]

thats really cool, so its the actual real time net SLP value

and does the portfolio value take account the pending rewards?

[trim sparrow]

How to stake?

[gloomy gazelle]

!staking

[woven ibex]

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

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

[gloomy gazelle]

I’ll need to check.

[cyan rampart]

It doesn't appear to.

[carmine agate]

thats good

[cyan rampart]

Rewards can be taken as sILV or ILV, so that makes sense in that regard as well.

[vital kayak]

Thank you! I found it! Great tool✨

[sly pelican]

Anyone else's ILV earned per day not working?

[gloomy gazelle]

Just reported it to the team

[sly pelican]

Thanks, yeah mine is currently o.oooooo22 per day or similar 🙂

The rewards being earned is correct, just not linking with the ILV per day column. No stress though

[sonic lotus]

Oh my god... I just did an example stake for a video that I'm making and holy shit.

1. gas fees seem much cheaper.
2. the fact that we don't need to claim is such a fucking godsend!

Massive props to the team for making this happen!

[vestal pasture]

hello, I did some LINK flash Staking in V1 but I didn't find a button to withdraw it right now, could anybody help?

[gloomy gazelle]

It is an issue the team is aware of.

[vestal pasture]

so when could it be solved?

[gloomy gazelle]

I don’t really know.

It could have worked up until the v2 upgrade last week. But with that done there’s some issues it seems.

[vestal pasture]

ok I will keep checking, thanks for the info

[woven light]

Hi, can i still upgrade to staking V2 or have i missed the upgrade window?

[worn turtle]

I'll try and get an update tomorrow

[woven light]

upgrade window was until 31st March as per instructions... what happens since i missed that window? do I lose all the accumulating rewards?

[worn turtle]

You can upgrade whenever yes... but no you are not getting rewards now until you upgrade

[woven light]

thanks 🙂

[sonic lotus]

take your time with it! Let us accumulate more! 😉 😛

[woven light]

sure let me know when it suits you

😆 😎

[maiden nacelle]

is there a min to be staked ?

[carmine agate]

no, but the the gas fee in staking and redeeming rewards will wipe out most of your returns. so it's a soft cap. ill say $2,000 is a good amount for a quarterly redemption

[worn turtle]

You can go to the vesting page and withdraw from there

[flint helm]

Hi, how do I see if upgrade of ILV pool was successful? Button Upgrade ILV pool is still there. should in to disappear after successful upgrade?

[proud moth]

Can you check in etherscan? See if the transaction is successful

[flint helm]

yes its successful there but button is confusing

[proud moth]

That button might be the other pool (eth/ilv)

[flint helm]

now i upgraded ILV/ETH and both button disappeared so all good. Next questions though - in vesting is shows v1 on ILV/ETH

[proud moth]

That's normal because it originated from v1

[flint helm]

So do I need do withdraw and redesposit?

[proud moth]

No you don't need to. It's fine.

[flint helm]

So I keep accumulating all rewards even if it says v1? Just to make sure mate, thanks

[proud moth]

Yes you should see the rewards piling up in a while

[flint helm]

How do I see what rate do I get? If I withdraw and redposit I can chose the duration. What is the duration after upgrade from v1?

[strange belfry]

Hey guys so the reward from staking are lock in 12 months right

[proud moth]

The duration is the same as before you upgrade it. Let's say you staked in v1 as locked for 12 months since november. After you upgrade it to v2 it will be the same duration as before which is 12 months since november.

[proud moth]

Rewards are locked for 12 months after claiming.

[flint helm]

Does it show anywhere? I dont rememeber what I had it locked for. Also, can I withdraw and re-stake with a chosen duration? Thanks man

[proud moth]

Check the vesting page. Each one will display the remaining days. Btw you cannot withdraw if it is still locked

[flint helm]

ILV/ETH is unlocked. Does this mean I get no rewards? lock period ended on it already? So do I need to re-stake?

[proud moth]

You will still get rewards. You might need to check etherscan when was the first time you deposited so that you can estimate what was the duration. You will only need to withdraw and restake if you wish to lock for longer duration just to get more weight.

[flint helm]

I see. I locked for 6 months which have now expired. Do I get rewards at the same 6 months rate, e.g 198% APY?

[proud moth]

Yes you do

[flint helm]

Makes sense, thanks. Do the rewards from ILV/ETH go into the ILV pool automatically or I need to add them in manually periodically? (gas)

[proud moth]

You need to claim them (gas). Then they will go to the ILV pool

[flint helm]

And once claimed and deposited into ILV pool they will be locked up for further 12 months or the original 12 months or none?

[proud moth]

That claimed amount is then locked for 12 months

[near bay]

how much is ilv is 1 slp

[fading bay]

Guys, if I claim rewards as silv2 do I need to pay gas as well ? To they go immediately to the wallet?

[brisk surge]

I thought gas was meant to be super low due to imx

[ember ginkgo]

Yes, claiming will cost gas. They go to your wallet and are unlocked.

[near bay]

how much is ilv is 1 slp

[ember ginkgo]

Staking is still on Layer 1 and not on IMX

[brisk surge]

Ahhh gotcha. Ok I won't claim for a while then.

[brisk surge]

Is this set to change soonish or just "in the future"?

[near bay]

can anyone answer me how much ILV u need for 1 slp

[ember ginkgo]

Afaik I know this won't change any time soon

[brisk surge]

I don't think it works like that

[near bay]

it really does

[ember ginkgo]

I don't understand this question. Maybe @mint cave can help me with this one?

[brisk surge]

K

[near bay]

u need to add liquid for slp so how much ILV do u need to add to get 1 slp

[mint cave]

~about 4.8

1 SLP is currently 2.411 ILV and 0.451 ETH

[near bay]

ty ty

[ember ginkgo]

Thx

[sturdy tangle]

after you claimed a reward in ILV during its vesting period is it considered as staked? does it generate yield or not?

[tulip folio]

yes claimed ILV rewards are effectively staked and locked for 1 year, they generate yield.

sILV2 rewards no, they do not generate yield. they are a gift card

[sturdy tangle]

thanks

[muted valley]

I am staking SLP.... say I have 10 ... when I take some or the rewarded ILV (for example 5) will the SLP rewards continue at the same rate although the 5 of the ILV rewards have been taken out? Does the computer sense that some of my ILV in the SLP staking have been decreased?

[tulip folio]

your SLP is set in stone and generates the same rewards once you stake it until you withdraw it. say you were to generate 24 ILV over the year with your SLP staking. you could claim 2 a month or 24 at the end of the year. only difference is they don't start their 12 month lock/vesting period until they are claimed, and they don't generate rewards until claimed.

claiming doesn't touch your initial stake. now SLP is a liquidity pool so the pool has to balance out ETH and ILV to keep it the same, so over time you may have slightly less ILV in your SLP but that has nothing to do with your claims

[muted valley]

Thanks much!

[bright heart]

There is a small nuisance. If you claim every 2 ILV, those ILV will begin earning staking rewards in the ILV pool.

[cinder escarp]

And after the 12 months you can finally claim them?

[proud moth]

yeah it's more like withdraw the rewards

[trail iris]

Anyone work out what the best number of ILV rewards to claim would be? I think Deraji had an awesome breakdown and claiming at about every 8 ILV was a good strategy?

[cinder escarp]

I mean gas prices arent that high right

[tulip folio]

Answer is: it depends. The more ILV price goes up, the less gas costs matter and the better the additional rewards you get from claiming more often compounds. The more you're staking and accruing rewards, the less gas matters.

In my copy of the calculator spreadsheet with ILV at 1200 in 1 year my final value is around the same whether I claim every 1-2 weeks (which is 1.5-3 ILV) or every 10 ILV. The higher ILV is, then claiming more often starts winning.

With ILV at 5000 in 3 years (which is rated as "realistic") they are still pretty close with claiming weekly slightly winning. We're talking 0.3% difference in total value.

My answer: I'm going to claim every 2 weeks from here on out because I'm bullish AF.

[cinder escarp]

So claiming and restaking it?

[tulip folio]

Correct, claiming as ILV automatically restakes it at 2x weight

[cinder escarp]

Also when you can claim from the ILV pool? Or do you claim that in sILV?

[tulip folio]

If you claim your pending rewards (say 1 ILV) as sILV2, that 1 sILV2 will not generate any rewards itself. Instead it is immediately unlocked and can be used in-game or land sales or whatever.

If you claim it as ILV it locks for 1 year and stakes at 2x weight to earn additional rewards.

[astral osprey]

Thanks. Was looking for this info

[trail iris]

Cheers man, very informative. I think your 1 year and 3 year estimates are on the safe side so makes total sense to claim every 1-2 weeks. Can't wait for the revdis to kick in too!

[cinder escarp]

Yes i get that, i mean after that 1 year period after the claim

[tulip folio]

The ILV you claim locks for 1 year at 2x weight. After the 1 year it is "unlocked" but nothing has changed it still is staking and earning at 2x weight. After it unlocks you can withdraw it at any time, but you can't get the 2x weight back unless you stake it and re-lock for 1 year. Of course it will continue to accrue rewards as long as it is staking, and then those rewards will accrue and need to be claimed, which locks them for 1 year and so on until emissions end after 3 years. Then tokens don't earn from staking, they only get revdis (which is unlocked immediately). So no more locking after emissions end.

Sorry I'm not sure I understood exactly what your question was.

[cinder escarp]

Yes that was my question, thank you

[tulip folio]

So like this:
Day 0: Deposit 10 ILV and lock/stake for 1 year.
6 months: Claim 1.2 ILV. 1.2 ILV locked for 1 year, 10 ILV still locked for 6 more months, 0 ILV unlocked, 11.2 ILV earning stake at 2x weight.
1 year: Claim 1.3 ILV. 1.3 locked for 1 year, 1.2 locked for 6 months, 10 ILV unlocked, 12.5 ILV earning stake at 2x weight
18 months: Claim 1.4 ILV. 1.4 locked for 1 year, 1.3 locked for 6 months, 11.2 ILV unlocked, WITHDRAW 11.2 ILV, 2.7 ILV earning stake at 2x weight

[cinder escarp]

Oke i understand now👍

[copper briar]

@tulip folio you might be the guy i need to ask, I want to stake some of my eth in the ilv/eth sushi pool with slp - how can I do that, just visited shushipool but i don´t see how can i get the slp for staking?

[cunning perch]

Legacy ==>Add, l the same proportions in ETH and ILV in terms of $. Before all this make sure to add the SLP address to your wallet. #🔗〕helpful-links

There are many vids that explain how it works too

[copper briar]

okey thank you, I did not know I need both ILV and ETH

[cinder escarp]

But its called eth/ilv pool??

[cunning perch]

Yes you need both (example $10 ETH + $10 ILV)

[cinder escarp]

Scoriox also made a yt video about it if you want to see it step by step

[copper briar]

okey cool thank you very much

[brisk surge]

I'm so heavily over extend on this project 😄 😄 😄

[queen grove]

How long have we been back up? Is this 1 week?

[cinder escarp]

Almost

[carmine agate]

well im staked for 10 years

[brisk surge]

this daily staking rewards guys.... 😄
If we can just calculate 3-4k$ price ILV in the next years.... 😄
Without even revDis 😄

[long shadow]

do you think that near 1 slp will be enough to play for free if locked at 12 months

[heady hazel]

I don’t think we have to wait that long for 3-4K$

[cinder escarp]

Based on what?

[heady hazel]

It was almost at 2 grand back in December before the overall market crashed.

[brisk surge]

I mean after we peak, the min level will be 3-4k, not the peak 🙂
IF the marker is willing to turn finally now, we will see massive numbers 🙂

[cunning perch]

guys price talk in #💰〕token plz

[carmine agate]

No way

[glossy peak]

Do you need to claim rewards for it to compound ?

[coral pike]

yes

[glossy peak]

what is a good ammount to wait for before you claim

[silent arrow]

I go for <10% gaz, but it s personal decision

[glossy peak]

how much is the usual gas fee, or a rough range

[cunning perch]

between $20-30 to $100 on good days. (rough estimation)

[nocturne monolith]

yo, when you claim rewards that have accumulated from SLP, you have to stake 1 year right? There’s no option for a shorter term?

[bright heart]

You can get sILV immediately.

[nocturne monolith]

i shoot for 5% gas personally

[nocturne monolith]

sorry i’m talking ILV

[cyan rampart]

Rewards claimed as ILV are ALWAYS staked for a year. You could claim as sILV though and avoid having a lockup.

[full stump]

where i can see my rewards ready to claim?

[opal ice]

Has stavking begin for fresh ilv purchased?..also wht is diff between sliv and ilv ..what is value of sliv..is it traded on exchange?

[cyan rampart]

The Pending Rewards in your Dashboard -OR- the Rewards tab.

[cyan rampart]

Hey, have a look at the #❓〕faq for the difference between sILV2 and ILV. You can find places to buy ILV via #🔗〕helpful-links .

Staking V2 is live, and has been for a few days now!

[full stump]

thanks fren

[opal ice]

Thanks!!.. i mean ilv freshly purchased can also be stacked now?

[cyan rampart]

Yeah, it doesn't matter when you purchase it at all, every ILV is the same. You can stake ILV purchased now or from 9 months ago!

[opal ice]

Thanks

[brisk surge]

IF i'd like to increase the lock period after already locking, there is no possibility?

[carmine agate]

no way

[brisk surge]

kk, no probs i will stake another bag in this case 🙂
Ty for the info

[naive hull]

do I need to approve my wallet every time I stake, or is it because of V2?

[cyan rampart]

You should only have to approve it when a new contract comes out, so just because of V2.

Unless you revoke the approval for it, then you would have to re-approve.

[tired cosmos]

Say I were to claim ILV and that gets put back into the vesting period of 1 year automatically. What happens when I do that in 2024 April and 3M ILV gets depleted from distribution?

[cyan rampart]

When Yield runs out, I'm assuming that Rewards will behave normally. Anything Vesting is still eligible for revdis though, so you'd be getting that.

[tired cosmos]

But my ILV doesn't need to be locked up to get revdis right? So when yield runs out then all my ILV that was in the lockup period are no longer locked.

[cyan rampart]

It does need to be staked to get revdis. If the lock period had already ended, it would still get revdis.

[tired cosmos]

mmm I need to revisit revdis and how it works. Been a long while.

[cyan rampart]

Yield ending won't unlock locked tokens, if that's what you're asking, unless something changes.

So like, if in April of 2024 (a few months before YF tokens run out), you claimed rewards as ILV, they'd start a 12 month lock at 2.0 weight, unlocking in April 2025. Until yield ends, they'd get both yield and revdis. After yield ends, they'd just get revdis.

[tired cosmos]

Where can I find the link for information on revdis?

[cyan rampart]

The Tokenomics Medium article is probably what you're looking for. It's article 9, you should be able to find it via #🔗〕helpful-links

#🔗〕helpful-links message

[radiant trout]

i thought staking v2 was going to help with the gas fees? still 70$ to claim

[exotic rapids]

Revdivs is easy to explain. Any income of any form the illuvium brand ever earns will be distributed to stakers evenly according to amount staked.

Anyone know why my old v1 stakes that I upgraded to v2 still say v1 on the vesting page?

[naive hull]

I don't know why, but that's okay. I think it should be like that

[tired cosmos]

I don't have to sell my ILV correct? From what I remember reading long ago, Illuvium will apply buying pressure onto ILV, and this incentivizes people to 'sell for profit'. This is different from revdis correct? revdis is -- locking up my ILV for X duration and I get $ value in rewards (USDT?)

[naive hull]

No. I think it works this way. Illuvium makes money, buys ILV, gives rewards to stakers in ILV.

[exotic rapids]

The distribution of rev divs is through them buying ILV of the market and giving to stakers

[tulip folio]

before you had to claim rewards from SLP and rewards from ILV separate. Now it can be one transaction, so yeah gas is halved for claiming if you stake SLP.

but also it is lower, I used to pay > $100 at this gas level

[tired cosmos]

Okay. So they will buy ILV from those who are willing to sell it, then distribute what they've bought to stakers in the form of ILV. Then its a rinse & repeat process...

[exotic rapids]

Yep with the idea being that if x amount of people don't sell their revdivs then the ILV price must go up by that 'x' amount

[tired cosmos]

Is the reward from revdis put into a vesting period, or claimable immediately (i assume the latter since what you decided to stake is already locked)?

[exotic rapids]

Revdivs Immediately claimable

[naive hull]

But you need to pay gas to claim revdis right?

[coral pike]

yes

[west shore]

How much rewards do people generally consider enough to claim?

[naive hull]

I think it really depends on gas price.

[exotic rapids]

Personal choice, but for me, I would not like more than 10%

[west shore]

as in gas is not more then 10 percent of the amount your claiming right?

[exotic rapids]

Yes. I hate Ethereum! Remember that Ethereum does have cheaper times when it's not busy

Like no shit I saved $150 by waiting a few hours

[carmine agate]

because you still have vesting ILV from v1

[tulip folio]

Somewhere between every 1.5-10 ILV is a sweet spot, depending on how bullish you are on ILV price in 1 year/3 year.

Think of the choice like this: say you could claim either every week, or every other week. If you claim every week, that claimed amount will generate a bit of extra ILV you wouldn't otherwise get in the one week before you would have claimed it anyways on the every other week. Over the long haul, that little extra bit needs to justify the extra gas you paid that week.

Week 1: Claim Nothing -> Week 2: Claim 2 ILV, pay $30 gas
or
Week 1: Claim 1 ILV pay $30 gas -> Week 2: Claim 1.0043 ILV pay $30 gas.
That .0043 ILV has to overcome the week 1 $30 gas eventually to be worth it. $30 divided by .0043 = $7000 ILV price point. So if ILV hits 7k you just broke even claiming a week early. Above 7k you make money.

[elder dawn]

The alternate scenario to consider: what if instead of claiming you just buy $30 more ILV? Obviously, you need to account for swap/transaction fees, but I would rather have 0.046 ILV today for my $30 than hope earning 0.0043 ilv becomes worth $30.

[tulip folio]

Or just keep the ETH as ETH, and as your ILV unlocks withdraw it, convert to SLP, and stake that. I will probably do that a lot.

keep in mind if you buy the ILV you're not staking it without paying gas also, and not getting revdis

[elder dawn]

Yep. Agreed. In general I think most people claim too often. Once revdis starts that will be a strong driver to claim more. Right now with the ilv pool in the 20% range, compounding is overrated versus gas fees.

[heady hazel]

Ah, the strategy within the game, within the game

[carmine agate]

claiming
once a month for $3k staked
or once a quarter for $2k staked
or once every 6 months for $1k staked
Will deduct about 10% from your total yield + compounding %

[tired cosmos]

Unfortunately I didn't see it in article 9 how revenue distribution works and how one would participate in it. Could you help me further in locating the discussion of this? Just want to confirm that all I need to do is:

Stake ILV in order to be eligible for revdis (up to X-days, which I would like to know how the lockup period could affect distribution if any at all).

[cyan rampart]

The basic idea is: Stake ILV, Get a share of revenue as ILV.

The lockup period does affect how much revdis you get. Lockup period determines token weight, which IS a factor for revdis.

Token weight is pretty straightforward - The shortest term deposit has a 1.0 weight, the longest (12 months) has a 2.0 weight. A 2.0 weight stake will get double the rewards of a 1.0 weight stake.

So compared to someone at 1.0 weight, you'd get double revdis.

[worn turtle]

Hey can you try again

Has this been fully resolved @fluid prism

Hey did this get resolved?

[stiff glacier]

No not yet. I’m out the country and internet is poor so communication has been slow on my part

[worn turtle]

Ok well if you can try to upgrade again

[proven timber]

@cyan rampart If you claim your rewards in ILV, does the locked/vested ILV reward also qualify to recieve RevDis ? Does the locked/vested ILV carry a weight even though you didnt choose the lockup duration. It is automatically 12 months. Would it also be weighted 2.0 since it is locked for 12 months ?

[stiff glacier]

I will when I return home day after tomorrow thanks

[cyan rampart]

Yes, it's weight 2 and IS eligible for revdis.

It's treated like a normal 12 month (2.0 weight) stake.

[proven timber]

@cyan rampart YEAH BABY !!! we gone b sooooo rich

[tulip folio]

no kidding I didn't know revdis took into account weight.

[proven timber]

@cyan rampart thanks for taking time to answer my dumb question . hope u have a GREAT !! day. i got to go buy some more SLP.....

[cyan rampart]

Not that dumb, it's been asked a LOT lately. Go get it 😉

[jolly wadi]

..Just to clarify this, each time I claim ILV rewards, they will be put into a new 12 month contract all on their own? Or they are added to my initial deposit, and that contract is renewed for 12 months...?

[coral pike]

each claim is a seprate 12 months at 2x weight

[rustic pebble]

guys, do you have to claim your staking rewards for them to compound?

[coral pike]

yes

[rustic pebble]

thank you

[jolly wadi]

Thanks for that. So hypothetical example: I stake ILV for one year -> I then claim my rewards only once at the end of that year -> My initial deposit amount is unlocked -> My rewards enter a new 12 month contract -> End result is a 24 month total turnaround time...?

[coral pike]

NFA yes if you only did 1 claim At the end 24months before you had everythiong

[jolly wadi]

copy that. Thanks, appreciate you!

[coral pike]

actually I'm wrong at the end of the 24 of reward months you'd have to claim again ..you would actually have to claim once per year till end of yield in July 2024 so you wont have everything until July 2025

[jolly wadi]

haha ohhhh

[coral pike]

you would actually have to claim once per year till end of yield in July 2024 so you wont have everything until July 2025

@jolly wadi NFA IMO only claiming once per year would be very..unwise ..IMO again NFA *edit see comment below 👇

[nimble terrace]

Hi, is it possible to stake with ledger using metamask? SLP

[elder dawn]

Totally depends on staking size. If you stake 1 ilv in the core pool today even locked for a year, in 12 months, you'll have less than 0.2 ilv rewards pending. Claiming is all about effect of compounding and revdis. Even at a $30 claim, if that was my situation, I'd claim once at the end of the year at best.

[coral pike]

i defer to you your the maths person. lol👆

[cunning perch]

yes. defiantly

[nimble terrace]

Alright, same process? Send ETH/ILV to Ledger Metamask, then stake SLP on Illuvium website?

[cunning perch]

yep. just do what you normally do with MM but in this case you'll have to approve the TX on your ledger. that's it

[nimble terrace]

Brilliant, thanks. And no drawdowns doing this way?

[cunning perch]

not really. It just required a physical approval that's it, the rest is just a MetaMask thing. Just watch out for scams and all will be good

[cunning perch]

make sure to add SLP address to MM and then provide liquidity to Sushi to get SLP.

you can find it in #🔗〕helpful-links

[nimble terrace]

Thanks mate, much appreciated!

[brisk surge]

Is there an updated road plan?

[supple meadow]

So vested rewards receive rev dis at a 2.0 wieght just like if it was staked right?

[tulip folio]

yes

[sudden wagon]

Remember when we were all waiting for V2, now we’re not and everything went great!

[brave flame]

Does somebody know accurate percentages for staking rewards (how much will it be in the end - last epoch) and how will revenue distribution work (will it be only on ILV pool or both pools). And why is there for example around 25% in ILV pool and 295% in ETH / ILV pool (APY) if the weight is 80%. How do you calculate that.

[midnight crow]

It looks like they fixed the ILV Earned Daily section of the dashboard.

[cyan rampart]

Not really, there are development blogs though about the state of development and what's being worked on. We're expecting one in the next few days.

[cyan rampart]

I'm not super sure about what you're asking in the first part - the APR displayed on the staking website is accurate. It varies predictably with time (3% reduction in reward tokens every 2 weeks), but it varies unpredictably as people add more tokens to the pools. No one is going to be able to tell you what the APR would be in the last epoch for that reason.

Revdis is for both pools, but ONLY staked ILV are eligible. SLP tokens are 50% ILV by value, and you DO get revdis for that 50%. Token weight (i.e. lock period) matters for revdis.

The SLP (ETH + ILV) pool has a higher APR by design. 20% of yield rewards go to the ILV only pool, 80% of yield rewards go to the SLP pool. The SLP pool has a risk of impermanent loss, so the higher APR helps incentivize people to provide liquidity.

Token weight for staking is between 1.0 and 2.0, weight can't be 80%. A 1.0 weight is associated with the minimum lock duration, a 2.0 weight is associated with the maximum. A 2.0 weight stake gets double the rewards that a 1.0 stake would get.

[brave flame]

Thank you your answer really helped. Now I understand it a little bit more. 🙂

[ivory sun]

Sweet. ILV Earned Daily in Dashboard seems to be showing correct value already 🙂

[copper heath]

I've tried to upgrade to V2 but keep getting the following error message in a pop up: "Upgrade ILV pool and claim xxILV" View on explorer resolves to an error page. I have plenty of ETH for gas as well. Anyone know how to fix this?

[autumn cloak]

Hmm. Does a transaction pop up in your wallet?

[copper heath]

no

[autumn cloak]

Strange. So you click on Upgrade ILV Pool, and then does it let you choose which option you want to claim your rewards in?

[copper heath]

yes it lists the pending and accumulated rewards as well in a popup. I select ILV and hit upgrade, then get the error pop up at top of page

[autumn cloak]

What does the error message say?

[copper heath]

"Upgrade ILV pool and claim xxILV"

[autumn cloak]

Weird. Ok, try and see if your browser has any updates that can be done, if that doesn't work then try clearing your cache.

[copper heath]

k thanks

[copper heath]

No dice. Still doesnt work.

[autumn cloak]

Huh. Have you tried disconnecting and reconnecting your wallet? Maybe try another browser

[copper heath]

yes tried those options as well. Let me try Firefox one more time and clear that cache as well

[autumn cloak]

Yea. Sorry I'm running out of ideas. Maybe someone else has an idea I'm not thinking of

[cyan rampart]

What wallet/browser are you using?

[copper heath]

chrome and trezor

[autumn cloak]

Ah Trezor. That may be the issue. I may suggest adding your Trezor to a MetaMask instead of using the direct connection. I've heard of other having issues with the direct connection for Trezor

[cyan rampart]

Yeah, if it's an option for you, try connecting your Trezor through Metamask.

[copper heath]

Ive tried that as well. Unfortunately metamask isnt connecting to my trezor though......yet another issue

[cyan rampart]

Check if Trezor doesn't have a firmware update as well.

That seems like it could cause both your issues (Staking acting weird and MM not connecting)

[copper heath]

its updated unfortunately. Thanks for the effort though.....will come back to this tomorrow.

[cyan rampart]

Roger that, if you've made sure everything is up to date, doing a restart of your computer can sometimes help. I'll see if there's anyone else who has used a Trezor who had issues or if there are any fixes.

[autumn cloak]

Is it too late to recommend a Ledger😅

[ruby drift]

@cyan rampart Is there a plan for RevDis allocation to both pools once rewards stop? There wouldn't be a need for SLP pool anymore, other than people not wanting to split it (activating impermanent loss) and have to re-stake and lock it up for another 12 months. That is my biggest hang up for future planning.

[coral pike]

you get both Yield and revdis (when applicable) till July of 2024 when yeild ends. Then revdis will contnue if you do not touch any unlocked stake it will continue as normal at its current weight for as long as you leave it there

[cyan rampart]

There will always be revdis to both pools, the SLP only gets 50% by value though (i.e. only for the ILV component of the deposit).

As far as modifying revdis to give more of it to the SLP, I'm not aware of any plans. I do see a need for the LP to continue though, since the whole mechanism of revdis is the vault buying ILV from the market. Having a deep LP is good in that circumstance (IMO)

[ruby drift]

I mean once yield has exhausted. Any plans on changing the 80/20 RevDis allocation? At that point, the only reason to stay in SLP pool would be because it has a much higher % of RevDis allocation.

[cyan rampart]

Revdis isn't 80/20 allocation, only yield is.

[ruby drift]

Oh OK 👍

[cyan rampart]

From Medium article 9 (Tokenomics) bottom line:

[ruby drift]

Thank you for the clarification.

[autumn cloak]

Do you have any thoughts on how to keep LP’s once yield is finished? I was thinking about the future earlier today and I see no reason for myself to continue to provide liquidity once yield is over. It makes much more sense to withdraw and turn that ETH into more ILV and then stake that for revdis. I get your point about it being important to have deep liquidity, but I just don’t see an incentive for people to continue providing liquidity once yield is done. Just curious if you had any thoughts

[gloomy gazelle]

I know there’s the idea that if withdrawn it would lose its weight and would need locked up again. It’s not very strong incentive though.

[autumn cloak]

Yea. Personally I wouldn’t care about locking up again if it means more revdis. But it is a small deterrent for some yea

[cyan rampart]

I mean, there will definitely be a point at which revdis from ILV only stakes flips the SLP in terms of profitability, at which point I don't see any reason to continue providing liquidity either.

There's a lot of options for how it could be solved, but it's definitely not a super simple issue imo.
Stuff I've heard suggested:
Put an extra portion of revdis towards LP's.
Extend Staking.
Use Treasury Funds to provide liquidity
Tokemak (good luck reading their whitepaper tho lol)

All options have relative strengths and weaknesses.

[autumn cloak]

Hmm. I’ll have to look into Tokemak. Yea seems there’s no great solution. Curious to see what the team comes up with because it’ll be important to keep people providing liquidity

[cyan rampart]

Definitely, this has been top of my "List of things to address before the end of YF" haha

I'm hoping someone can come up with a simple solution, those are always nice. Tokemak, for example, is not particularly simple. Treasury providing liquidity is relatively simple, but it opens the Treasury funds up to IL, which could be brutal if ILV does what we think it might. Still, that might end up being the right thing to do.

[autumn cloak]

Yea. I may try and sneak that question in to Andrew for Illuvium insider to get Kieran to answer live. I’m sure he’s thought about it

[cyan rampart]

You should, I'd love to hear his thoughts on it. I love hearing anybody's thoughts on solutions, it's genuinely interesting stuff IMO

[midnight shadow]

Whenever I try to add liquidity and get slp on sushi the transaction says its pending but never shows up on etherscan and nothing ever happens

Have added the slp address from helpful links to my metamask, gone to the link in the pinned message and keep getting stuck

[cyan rampart]

Hmm... is the approval popping up in your Metamask when you click Approve?

Sometimes it just shows as a small notification on the MM icon in your browser.

To be more specific: At what point is it getting stuck at? MM pops up and you Approve transaction, then it gets stuck? Or is it before that?

[carmine agate]

no gas fee has been charged right?

[placid veldt]

Where specifically do I go to purchase SLP? I've use the link from the "helpful links" side bar but it takes me to the Sushi webpage where I can swap ETH for ILV. I already have both ILV and ETH. I just want the SLP.

[cyan rampart]

Use the Liquidity -> Add tab on Sushiswap.

[coral pike]

you have to use sushi to combine them

[cyan rampart]

They've changed their layout twice in as many weeks, it's a bit annoying haha

[midnight shadow]

@carmine agate nope

[carmine agate]

the problem is with your browser or internet. Try to clear browser cache, update browser, restart router. Metamask if working properly always pop up for confirmation.

[placid veldt]

So now I see ETH and beneath Sushi. I'm still not clear on how i should proceed. My objective is to combine 5 ILV from my wallet with the equivalent amount of ETH from my wallet in order to obtain whatever amount of SLP to stake in the illuvium SLP pool

[cyan rampart]

Change one field to ETH, make the other one ILV.

Input 5 ILV into the ILV field, the ETH will automatically match its' value.

[placid veldt]

...And once I click add liquidity, ...what is supposed to happen? ....does SLP token magically appear?

[cyan rampart]

When you provide liquidity on Sushiswap, it gives you back a specific SLP token based on the liquidity you've provided.

The transaction will give you the SLP tokens.

From there, you'll bring them to Illuvium's website and stake them.

[placid veldt]

So once I click add liquidity I must confirm the transaction and the SLP tokens should show up in my wallet, right?

[cyan rampart]

Correct.

It's possible you'll also get a prompt to add the SLP token contract to your wallet, but either way it will be in there.

If you do end up needing to add it manually, the address is in #🔗〕helpful-links

[livid light]

This seems a little off still a WIP?

[carmine agate]

yep, normal front end issue. They are trying to get sum v1 yield, v2 yield

[livid light]

working my way up to $0.01

[carmine agate]

redeem it bro

[livid light]

$138.92 to redeem!

[carmine agate]

https://tenor.com/view/illuvium-ilv-illuviumio-yield-farming-compounding-interest-gif-22210108

[placid veldt]

Ok, so i staked the SLP in the corresponding SLP illuvium pool. I received I message that the transaction was successful, however I don't see it appear on the vesting schedule or the dashboard. Any ideas why?

[cyan rampart]

Just to check - You went to the official Illuvium website via #🔗〕helpful-links with your SLP tokens and staked them, correct?

[placid veldt]

Yes

[cyan rampart]

It should be showing up if so, maybe give it a minute or two to update.

I can check the Etherscan transaction if you like. You can DM it to me if you don't want to share it publicly.

[placid veldt]

I don't have to go to the rewards and claim any rewards, right? I remember that the prior system used to make you claim rewards. It was not an option.

[cyan rampart]

No you shouldn't have to claim rewards to make your stake show up.

Double check that you didn't just approve the staking contract. You might still have SLP in your wallet.

I'm fairly certain that's the case, but let me know here if you need more help. Anyone DMing you is a scammer, so be careful.

[placid veldt]

When I click the wallet address on the upper right of the illuvium website it shows I staked 2.07 SLP at 11:08

but it isn't reflected anywhere else

how do i share the etherscan transaction with you?

The SLP is definitely not in my wallet

[cyan rampart]

I think I found it anyways - I'm not sure why it wouldn't be displaying in the Dashboard/Vesting tabs, everything looks like it checks out.

[midnight shadow]

@carmine agatehave tried all this, still same issue

[carmine agate]

are you using chrome?

[midnight shadow]

yep

[carmine agate]

this right?

[midnight shadow]

yep

[carmine agate]

check activity, make sure you are looking at the right account

did you get this ?

[placid veldt]

That's a bit unsettling! Hope it shows up somewhere! 👀

[midnight shadow]

I dont seem to be able to post images but its stuck on approve ILV and a add liquidity button phased out below

[cyan rampart]

Try clearing the cache on your browser and restarting your computer. Apparently a few other people have had the same issue, but it's just a display problem.

Your stake transaction definitely went through on Etherscan.

[carmine agate]

can you dm @cyan rampart

[midnight shadow]

if i press approve ilv it does the same thing, have 1 pending transaction but that doesnt ever come through or show on etherscan

[cyan rampart]

You can DM me a picture of what you're talking about

[carmine agate]

sounds like eth network limbo

happened to me once with matcha xyz

[queen grove]

How long has staking been up?

[carmine agate]

5 days

[queen grove]

Thanks

[placid veldt]

I tried cleared the cache and restarted several times. Unfortunately, no luck. I'll check it tomorrow and see if it somehow resolved. Thanks for all the help though. I do appreciate your work.

[cyan rampart]

Thanks man, sorry it's not showing up. Let me know tomorrow if it's still not showing up.

[placid veldt]

Will do. 👍

[carmine agate]

how was it?

[cyan rampart]

Ongoing but we got it sorted

Tried some nonce stuff, that didn't work, Metamask reinstall worked

[gloomy gazelle]

Yeah metamask issues are annoying

[carmine agate]

so its the plugin extension issue

[cyan rampart]

I've never seen it refuse to approve a token for trading before. It wouldn't even register the transaction on Etherscan, so it was failing somewhere in Sushi or MM.

[carmine agate]

usually it happens to the mobile version of chrome

[tribal sigil]

had a failed smart contract call on my pool upgrade. $55 down the drain 😦 how often does that happen should i just do it again? should i do something differently?

[proud moth]

What does the error say?

[crisp thorn]

Is the staking of coins already started?

[ember ginkgo]

Yes, you can find the link in #🔗〕helpful-links

[drifting fractal]

Is it so that if I stake 12months fixed time, I can still claim rewards whenever I want and start 12month vesting period for rewards?

[ember ginkgo]

Yes, every time you claim, those rewards that you claim will be vested for 12 months

[carmine agate]

i saw people reported the same issue a few times. if remember correctly a user tried 3x and the last one succeed.
you should ping the mod or community manager, since this is a recurring issue

[cunning perch]

What kind of error was it?

[static crown]

is it normal that my ILV earn fluctuates on a daily basis?

i accumulated more than 3 ILV on the first day and now it's under 2 / day

[cunning perch]

Depending on the ppl joining/exiting the pools, reward distribution changes. Also it drops 3% every 2 weeks.

[static crown]

in this case.. it dropped 30% in 3 days..

hm.. now that you mention it, i see the ilv/eth pool TVL has gone up significantly

thanks for the info

[cyan rampart]

The first day staking was open, it looked like there were some "extra" rewards for the first hour. Like, a lot extra. I did some quick math and for the first 75 minutes of staking my APR appeared to be 6700% or so. But then it went back to normal. I wouldn't include day 1 in comparisons.

[static crown]

gotcha thanks

[cinder escarp]

If im already staking in the eth/ILV pool and i add more to it, will my rewards increase in total or will they be separate claims?

In consideration of spending gas

[final steppe]

Your rewards will all pool together. So whether you've staked in the ETH/ILV pool 2 different times or 20 different times, the rewards earned on all of those deposits can be claimed within one transaction 🙂

[midnight axle]

What’s the apy for staking been?

[cinder escarp]

Ah oke thx👍

[final steppe]

Here are the current rates shown on the Staking UI:

[topaz raven]

hey guys is there any info, trying to work out how to calculate returns vs gas fees on 750 usd of ilv. (1.2ish). think it will cost me like 70 usd to stake cause of the fees which is massive barrier to overcome for profit

[chilly nest]

hi, i'm trying to use trezor hardware wallet to stake ILV, but keep getting errors, anyone have same issue?

can anyone help? i'm a bit worry to use metamask web wallet to stake due to too much hackers out there

[cinder escarp]

Thats still 680 in profit?

[proud moth]

I heard a few people having issues staking using trezor. You can try connect your trezor with metamask it's pretty safe. The hacks are mostly on the web wallets that are created from metamask.

[carmine agate]

ru staking in ILV pool? you need to take account gas fee for redeeming rewards too. for a $750 staking in ILV pool, i would redeem once at the end of my staking

with $750, i prefer staking in the SLP pool, i would redeem my rewards in ILV once every 6 months

[cinder escarp]

As in 750 worth of SLP or 1500?

[carmine agate]

$750 worth of SLP

[proud moth]

I think we got a calculator in the pinned message

[cinder escarp]

Oh nice i need that

[carmine agate]

i made my own calculation, i tried to use that calculator and i got confused

[cinder escarp]

Can i use yours?👀

[carmine agate]

SLP Pool's ILV rewards redemption frequency guide:
Assumptions:

• SLP Pool APR 266%
• ILV Pool APR 22%
• Gas fee to claim staking rewards $30
• Gas fee to claim vested ILV rewards $30
• Lost from Staking Rewards Claim gas fee + Vested Rewards Claim gas fee is about 12% of total $ yield

For the deposit value of :

• $1,000 - claim every 6 months
• $2,000 - claim every 3 months
• $6,000 - claim every 1 month
• $25,000 - claim every 1 week

[cinder escarp]

Yeah i just calculated myself and had kinda the same

[cinder escarp]

Thx

[carmine agate]

https://tenor.com/view/high-five-step-brothers-will-ferrell-gif-10614044

[mighty rover]

Hacks as in how? I'm using Metamask linked yo Trezor.

[summer heath]

Does anyone understand the difference between APY and APR in regards to the ILV LP pool

[proud moth]

I mean the hacks usually happen to wallets that are created by metamask. In your case is actually not the case. Anyways, always be cautious not to put your seed phrase anywhere.

[proud moth]

Apr is when you don't compound. APY is when you compound.
When you claim your rewards in ILV, they are staked in the ilv pool which generate rewards too. That makes compound effect. The more frequent you claim you get higher APY but also you pay higher gas fees too because each claim needs gas.

[gleaming heron]

When i go on the Vesting page there is a "v1" written next to my ILV/ETH pool, even though i upgraded to v2. How can this be?

[summer heath]

Ok awesome. Yea I was thinking this as well, but you cleared it up. I appreciate the explanation

[proud moth]

It just indicates that it is originated from v1.

[ornate cypress]

The totals on the bottom are what, total usd amount locked in slp?

[carmine agate]

Yea

[ornate cypress]

I dont make enough fiat for the frequency of claims I'd have to make to pay the eth fees lmao. I'm paper rich only

I barely made it through the upgrade and those the cheapest fees I've seen. I had to get someone to loan me some eth 😭

[carmine agate]

youre not making sense

[cinder escarp]

so you are staking less than the fees are?

[ornate cypress]

All in, no money for gas

I'm good just not at the ideal frequency, sorry I know I'm probably not making sense. Nvm, smoking too much

[carmine agate]

https://tenor.com/view/noice-nice-click-gif-8843762

[carmine agate]

happens all the time
one time i moved all of my eth to a new wallet and i forgot to move the other tokens. fun

[naive hull]

Is there a way I can find out how much I earned from one stake and how much from another?

[tulip folio]

Considering in order to stake you would have had to have claimed any existing rewards, you could theoretically calculate it out yes.

[naive hull]

And if not can anyone help me with math on that one? Is this correct?

[naive hull]

Really?? I staked yesterday without claiming anything?

[tulip folio]

Oh maybe that was changed in v2. In v1 we definitely had to claim to stake.

Probably a lot harder to calculate now in v2 anyways, since the claimed rewards can be all bundled together. Back in v1 you could see two claim amounts so you'd know what portion was from ILV pool and what portion was SLP. So if you knew this claim amount was SLP only, and you had two SLP stakes you could easily figure out each rewards period's rewards per SLP stake. Then repeat for each ILV stake/claim.

Not sure it's worth all the work tho.

[carmine agate]

https://tenor.com/view/doug-maclean-mac-kyper-kypreos-nick-kypreos-gif-22264825

[jolly wadi]

Hey friends.
Trying to decide whether to stake or sell- can someone enlighten me as to the current ILV APRs? I havent moved my ILV from CEX to my wallet yet, so the APRs arent visible for me….

[jolly wadi]

Awesome. Thanks Keiser!! 🤙

[tulip folio]

so answer was you're buying more right?

[naive hull]

I share one stake pool with my brother and one stake pool with my friend. It's kinda important for me to be able to calculate where did rewards came from. And I think that #🥩〕staking message (image 5 posts above) should be correct. But would really like if someone with more experience can just confirm that.

[jolly wadi]

Lol maaaaybe im in consolidation mode rn. 😉

[tulip folio]

is it all just ILV staked or SLP or each different?

[naive hull]

just ILV, with different weights and different amounts

[olive seal]

Hey guys i have only 2 ILV I bought it really early back to last year july (i couldnt afford more) does it word to stake this 2 ILV for like 6 months?

[cyan rampart]

Your calculation looks reasonable. In the future I'd just use different wallets for collab stakes though.

I tested it out with x = 500 and y = 500. X gets 42.86% of rewards, Y gets 57.14%. There's a difference of 14.283%.

We know that weight 2 gets double the rewards of weight 1, so let's double check our shit.

Weight 1 would get half of Y, or 28.57%. Half of that is 14.283%, which makes sense, since Y is .5 weight higher than X and is getting 14.283% more rewards.

There may be situations where this falls apart (i.e. if literally no one is at weight 1 in the pool) but I think what you've done makes sense.

[tulip folio]

looks pretty good to me too

42.8571% vs 57.142857%

[proud moth]

Oh i love this community

[tulip folio]

the only problem is as you claim more, a higher percentage of the stake goes to the higher weighted pool

I just simulated claiming after 1 day and staking 1 day further and the percentage changes slightly

[cyan rampart]

Yeah, you'd need a separate running counter for how much of the 2.0 weight rewards are owned by the 1.5 weight deposit.

https://tenor.com/view/doing-taxes-paying-accountant-newman-seinfeld-gif-13925568

[steady trellis]

Use my sheet in the pinned. Should help. New version soon with v2 as dune added the contract I requested

[tulip folio]

yeah I have a current version of your v11 spreadsheet, just waiting on the new one.

[raven crest]

How much is one ilv token

And what should I use to invest would Binance be a good choice

[ember ginkgo]

Already replied in #💬〕general, please don't post the same questions in multiple channels.

[alpine glade]

Do you know if it accounts for the new gas fees with v2?

I ran my calculations to claim on v1 right before the exploit and so much has changed from gas to the price of SLP. I want to re run everything before staking and know where I’m standing

[gloomy gazelle]

Not yet

[left shore]

Is the amount of ILV earned daily by staking correct atm?

[cyan rampart]

There have been issues with it for the past few days, but mine seems to be fixed now. If it seems way off, it probably is.

[left shore]

Yeah, why i was asking. Seems plausible

[short heart]

Hellooo Jerrrryyy

[limpid current]

Is it better to claim from SLP pool 12 times a year ( 2 ilv / claim ) or once after the deposit unlocks?

[cyan rampart]

I personally do a claim every 6-8 ILV. There are calculators that can be used to help you determine how much value you're getting out of compounding and compare it to gas prices. With the ILV single sided pool being at a relatively low APY compared to some time ago, you definitely don't want to claim too often.

[limpid current]

Thanks, what do you think, will the pool APY increase in this year?

[cyan rampart]

The best way to look at it without a calculator (IMO) is that your 2 ILV would generate something like .2 or .3 ILV over the course of a year (since the APR will continue to decrease), and you want to compare the value of those .2 or .3 ILV to the cost of gas to claim.

[cyan rampart]

In general, the pools will always decrease over time. There are 3% less total tokens given as staking rewards every 2 weeks, and every claimed ILV reward will also go into the ILV only pool and further decrease the APR.

[limpid current]

Cool, cheers!

[true vector]

i thought staking v2 was supposed to reduce gas costs?

[midnight crow]

It does make claiming both SLP and ILV pools one transaction which helps, but each transaction does seem about the same amount as before.

[serene crater]

how many ilv coins will be sold after seed and team unlock? how much will ilv drop? what do you think?

[gloomy gazelle]

This question is best discussed in #💰〕token

[nimble forge]

How many times do you have to pay gas when you claim ILV rewards? You just have to pay once right? Then it automatically locks for a year

[coral pike]

you have to pay gas every time you claim. this has nothing to so with illuvium or staking.

its tied to doing any transaction on the ETH network itself cause a gas fee.

[vapid gale]

I have ILV on gate.io, is this already a wallet itself and i can directly stake them or i need to create a wallet, send ilv there to then stake on the site?

Im from canada if it matters, thx

[brisk surge]

First off if anybody sends you a DM, ignore it cause its a scam.

[brisk surge]

Im not 100% sure but im pretty sure gate does not give you a unique wallet. You will need a defi compatible ETH wallet to interact with staking. Metamask is the most common, and if you want increased security you can use a ledger hardware wallet through metamask.
Definitely spend some time researching how ETH wallets work and best security practices. Once its in a wallet with keys you control its 100% your responsibility and nobody can help you if you mess something up.

[vapid gale]

Sounds good, thanks a lot @brisk surge ❤️

[old heart]

Hey everyone just a quick one.. I switched over to v2 a few days ago and just went back in today to check a few things and I've noticed that my ILV/ETH pool from my V1 is now in a vesting period? But I claimed just the rewards not the staking pool itself.. so I'm a little confused..

[nimble forge]

I mean.. I'm already staked in SLP pool and about to do my first claim. I know it will be locked for another year. I just have to pay gas once right? Or do I have to pay twice for claiming and re-locking?

[placid veldt]

Hello everyone, So here's my situation.... I staked SLP in the ILV/ETH pool. The Etherscan transaction shows "success" status, however the illuvium website does not show the staked SLP on my dashboard nor does it appear in the vesting schedule. Any suggestions on who can help me with this matter or what's going on?

[proud moth]

That's normal. Your deposit is there and started vesting since the day you first deposited.

[proud moth]

Yes only once

[proud moth]

Can you try refreshing the page? If that doesn't work can you make sure your transaction is really a staking (not an approve spending)?
Please beware of scammers dm'ing you.

[placid veldt]

I've refreshed page, I've cleared the cache, I've turned the computer on and off, I've disconnected and reconnected my wallet.

[placid veldt]

I have to separate transactions, 1 approve ILV/ETH spend and 1 staked SLP both show a "success" status, however the staked SLP doesn't shows up on my dashboard or in the vesting schedule.

[autumn cloak]

Ok. Sounds like you’ve done everything right and it might be an error on the website. I’d recommend sending a DM to Carlos(web lead) with your issue and provide him with the transaction. He may have more tricks up his sleeve

[placid veldt]

Just to make sure..... you are refering to the Carlos | Illuvium on the sidebar under Lead Core Contributors, correct?

[autumn cloak]

Yes

[placid veldt]

👍

[lapis holly]

Hello guys just question I had lp token staked on V2. I just removed liquidity and I did receive Lp token but I forgot how to remove liquidity and get ILV and eth token back

Can anybody plz help

[proud moth]

You can go to sushi-> legacy -> pool.
Also watch out for scammers dm'ing you

[lapis holly]

I went to sushi app but can’t find legacy pool tab

[gloomy gazelle]

The vesting period just indicates how long until it is unlocked and able to be withdrawn. Your eth/ILV deposit would always have had a vesting period of some sort.

(Unless it was staked flexibly and if that was the case it would need to be withdrawn and restaked in v2. But it sounds like that is NOT the case.)

[lapis holly]

Where can I find it

[proud moth]

here on the top menus

ah it should be liquidity not legacy sorry

[gloomy gazelle]

It appears they may have updated the site and now it auto switches to LEGACY

[lapis holly]

Ok got it

[gloomy gazelle]

It’s easier now

[lapis holly]

I guess I need to unstake them from illuvium V2 in order to remove it from sushi swap

[gloomy gazelle]

Yeah that’s correct

[woven verge]

I've recently staked into the ILV pool and am trying to stake some more into ILV pool- keep getting directed to Etherscan with the following msg: Sorry!We encountered an unexpected error.
An unexpected error occurred.
Please check back later

Any advise how to resolve this issue?

[gloomy gazelle]

I’m pretty sure the transaction is never even getting approved. So it’s never making it to the network. So it’s no going to be on etherscan. If I’m wrong let me know.

Don’t trust any DMs.

There’s probably a wallet issue. Those can usually be resolved by clearing the browser cache and restarting the browser

[woven verge]

No approval msg and only the error msg on Etherscan. Have already cleared the cache and restarted Chrome. Will try a full shutdown and start again again

[gloomy gazelle]

Feel free to send me the etherscan link and I can take a look

[woven verge]

ok thx

[gloomy gazelle]

What wallet are you using? Metamask?

[modest flax]

afteroon.... I am wondering what I do with redivs. Can i claim ilv and put it back into the pool? Or do i just leave it?

[woven verge]

I'm using a Trezor- still the same msg after cache clear and full shut down

[gloomy gazelle]

You can. But the revdis claim as far as I know is a claim to the wallet. Like how a silv2 claim works currently. But I’m hopeful that it’s possible to have an option to stake our pending revdis in a single transaction

[gloomy gazelle]

Ah. The Trezor issue. I’ll see what I can find.

[modest flax]

okay. so just leave it for now, take out when worth putting back in? thanks for helping. I see you've got someone else that needs your support. cheers!

[old heart]

@proud moth @gloomy gazelle thank you for your help and clearing that up for me! Have a great rest of your day/night

[gloomy gazelle]

The bottom four lines… are those deposit value or pending reward value?

[carmine agate]

contract value. i should say deposit value. edited it

[gloomy gazelle]

Seems very often. You could probably buy more ILV with the cost to do the claims than you’d make with the stuff you’d be claiming.

[carmine agate]

it is? wow i thought people are claiming more often that lol
i mean i wanted to claim more often, if gas fee wasnt as high

[gloomy gazelle]

The best calculation for me is to claim based on how many ILV your claimed amount of ILV will earn being sure that it is would earn enough ILV to be worth more than the eth of the transaction. Otherwise just use that eth to get more ILV and you’d be better off.

[carmine agate]

how often do you redeem?

[gloomy gazelle]

1 ILV locked at 12 months earns about $30 in 3 months.

[carmine agate]

i mean there is also opportunity loss by not redeeming so often right?

[ember ginkgo]

If I would have 1 ILV staked, I would probably claim after 12 months 😄

[gloomy gazelle]

I ended my maxi plan when v2 was going to come out. 5 months Now I’ve gotta double check my plan.

[gloomy gazelle]

Too often. Gotta be.

[carmine agate]

1 ILV staked in ILV Pool def not worth the gas fee lol
but yea 0.3 ILV can cover $60 gas fee, you'll lose about 40% of your 12 months yield tho

[gloomy gazelle]

But the other opportunity is buying ILV with that eth. So there’s a balance to strike.

If I was earning 7ilv every week then I’d consider claiming every weekend. (At current prices, estimating $30 in gas per claim)

[ember ginkgo]

I remember people saying they claim every time they have around 5 ILV in rewards

[carmine agate]

$30 to redeem and $30 to claim vested ILV so it's $60 right?

[gloomy gazelle]

No. The final withdrawals should be able to withdraw all unlocked tokens if we want.

[carmine agate]

2% gas fee on rewards is too low for me, i dnt mind higher cost

[gloomy gazelle]

It might not be ready yet but I think it actually might be. And if it’s not ready yet I trust that it will be in 12 months.

[gloomy gazelle]

Buy more ILV instead.

[carmine agate]

but then you will need to wait for all of the rewards to vested

[gloomy gazelle]

If you want more ILV just buy it. Don’t waste eth.

[gloomy gazelle]

I guess that’s true. But why withdraw tiny bits.

[carmine agate]

oh i see, you are looking at a longer investment period than me. you are never gonna sell for at least 5 years arent you

[gloomy gazelle]

https://tenor.com/view/illuvium-illuviumio-ilv-yield-farming-yield-farm-gif-22293411

[gloomy gazelle]

I’ll be riding revdis into early retirement I think

Maybe not. I didn’t stake my initial small bag in the SLP pool. It’s in the ILV only pool. I am not what I once was.

But at least I’m not an impermanent loser right?!?!? Right!??

https://tenor.com/view/total-loser-luser-magor-kkt-ebnutý-gif-17492464

[carmine agate]

yea just a low APY loser

[cyan rampart]

https://tenor.com/view/no-one-outruns-the-past-dominic-toretto-vin-diesel-f9-you-cant-outrun-the-past-gif-22837457

[versed coral]

The claimable rewards will not count towards revdis right? Need to claim them so they’re vested first?

[proud moth]

right

[versed coral]

So the main driving factor to claim rewards is revdis actually. The compounding effect isn’t really that big with the ILV pool from pure staking perspective

[proud moth]

It becomes big when the reward is big. So stakers with a big bag compounding does matter for them

[gloomy gazelle]

At this point yield farming is going to beat revdis for awhile. Even in the ILV only pool. Maybe all of 2022. Can’t be certain of course.

[atomic badger]

So if you don't claim your rewards, they don't compound your return because they are not in a vesting mode?

And also - are your yeild rewards in ILV subject to 12 month vesting period from the day you claim? or the day you stake?

[proud moth]

Correct. But it's because the unclaimed reward have not staked in the ILV pool yet until claim /// from the day you claim

[craggy willow]

Hello I have a staking question, If I stake only 1 ILV would the staking rewards be abysmal? Would anyone have any idea how much ilv2 id be receiving per day?

Awesome thanks

[atomic badger]

So is it best to be claiming often?

[proud moth]

Not really because claiming consumes gas so there are many factors to consider. There are calculators somewhere in the pinned messages that you can check out. And there was recently a discussion about this few hours ago you can scroll up 👆

[craggy willow]

so how much would one need to stake to recieve ilv2 tokens?

Actually instead of staking to receieve the tokens can you just buy the ilv2 tokens?

[atomic badger]

Thanks

[proud moth]

The ILV pool gives you like 2x% apr. You can claim the rewards in silv2. And yes you can buy them instead from unofficial pool i think it's uniswap

[craggy willow]

My goal is to buy land, I've read it somewhere that its cheaper to buy land with sILV tokens. Is this true?

[proud moth]

It's just because silv2 is trading at lower price than ILV in the market while silv2 is considered the same price as ILV when use it to buy land and any in game stuff. For more info about land you can check the #🎮〕illuvium-zero channel

[carmine agate]

this is my opinion on claiming frequency
#🥩〕staking message

[nova nymph]

When we go out there to search illuvials. The entry fee will be in silv2 ?

[gloomy gazelle]

Well the math is quite clear. 1 staked ILV that is locked for 12 months would earn 0.2251 ILV in 12 months if nothing else changed. The APR is variable and trends down. So it will certainly end up being less than that.

[gloomy gazelle]

silv2 ok eth (turned into the proper fuel token)

[nova nymph]

What will be the approx staking reward for 1 eth/5ilv.. how much slp can get around this math

[gloomy gazelle]

That is variable. You just put those numbers onto the sushi site and it tells you.

[nova nymph]

Ok thanks

[gloomy gazelle]

!lp

[woven ibex]

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

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

See #🔗〕helpful-links for official links.

[brisk surge]

How much "ILV" rewards do you accumulate before claiming/vesting? So far I've got 10% of an ILV. Gas is $25 approximately. What's everyone else doing? Do you wait till you have half an ILV? A whole ILV?

[carmine agate]

2 ILV

[quaint plover]

400 billion hahaha jokes I guess until you need them

[marble yoke]

How high should gaslimit be for migrating to V2? Metamask was to low and i wasted $30....

[carmine agate]

$100

[proud moth]

you mean out of gas error? you can set something like 250k gas limit

[marble yoke]

had 271k and was still out of gas. Now used 370k and hope it's enough...

[desert igloo]

hey guys

whats the key difference here between ILV and sILV2 - one can only be used ingame, the other has 12months vesting: that right?

[proud moth]

wow i checked in etherscan the upgrade tx most of them use something like 250k... yours seems like the highest of all. Hope that 370k is enough

[marble yoke]

Success Hate Eth fees

[proud moth]

ILV - vests for 12 months / earning rewards in ILV pool / can get revdis
SILV2 - get instantly to your wallet / not earning rewards / can be used for in game purchase only with the price pegged to ILV / can be sold in uniswap way cheaper than ILV

[carmine agate]

Stake ILV
Buy sILV2

[coarse sonnet]

anymore news about this?

[final steppe]

Hey there! What do you mean exactly? V2 staking is now live, so that's news 😄
Here's more info about the Transfer Wallet feature that is now available to those begin staking in V2.
Hope this answers your question

[woeful thorn]

Hi everyone, just wanted to double check what causes failure on staking? It's my 1st time staking on eth network and I dont want to burn another 30usd for nothing

[final steppe]

@short fractal You seemed to have a pretty good understanding of the staking concept 🙂

But yeah, if you choose to lock your deposit for 12 months, your tokens get near double the weight inside the pool compared to someone who only locks for 1 month. This is reflected in the APY rates you see when you select the different lock periods on the staking modal.

And to answer that other question you had... in order to compound your rewards you must claim them. Claiming the rewards as ILV will then automatically vest and lock them in the ILV pool for 12 months, earning the APY of that pool too

[carmine agate]

damnit carlos

[shy pendant]

If my stake is unlocked now will it continue to gain rewards at the same weight

[final steppe]

Hey Aaron-- 2 causes could be:

1. Not setting high enough GWEI to cover the gas fees. You can see a "Gas Tracker" in the member list of this server which shows the current GWEI on the ETH network (screenshot below). Best chances of getting your transaction to go through are to make sure your GWEI is set to this number (or higher). If GWEI is currently at 43 then you could set the GWEI for your transaction to something like 55 in case the gas jumps up a bit while you're trying to process your transaction.

2. Then while the GWEI might be set high enough, another cause would be not having enough ETH in your wallet to pay for that gas fee.

[short fractal]

Alright, even if my staking is in the liquidity pool right ? I just need to claim the rewards as ILV*. And therefore, the more often, the better ? Is there gas fee to claim the rewards ?

[final steppe]

As long as you have upgraded to V2, your unlocked deposit will continue to earn rewards at the original weight you set 🙂

[short fractal]

And thanks a lot for the quick and very clear answer, it's much appreciated 🙂

[short fractal]

Someone trying to impersonate you for scams, he sent me a friend invite immediately when I asked you something in chat. I have a screenshot of his discord profile if needed

[final steppe]

To compound rewards, you would want to claim ILV. The ILV token is our governance token which is eligible for staking and earning rewards. So even if you're staked in the ETH/ILV LP, you'd want to claim ILV... which then vests in the ILV pool for 12 months.

sILV2 is a synthetic ILV token which cannot be staked or earn rewards. It is received in your wallet immediately and its primary use is to be spent in-game. This is a good option for those who do not want to spend their ETH. sILV2 can also be used for sales within the Illuvium ecosystem such as the land sale or Illuvitar sale.

Every claim, whether sILV2 or ILV will incur a gas fee 👍

[shy pendant]

@final steppe yes iv upgraded just wanted to check since its unlocked and can be withdrawn if it was gaining rewards

[final steppe]

Ooh, yes... definitely not me! If they have privately messaged you, please screenshot that message and post it in #🚨❗〕report-scammers along with the full Discord ID (see the pinned messages in there for instructions) and we'll get them banned!

[final steppe]

Nice! Yup-- it will continue to earn those rewards until you withdraw

[short fractal]

Last question, where can I find see the gas fees for each action on Illuvium staking page ? It doesn't seem to appear when I do actions, is there no way to know ?

[ivory sun]

It will only show in wallet when you execute the actions. The staking page only has GWEI which can estimate transaction costs

[final steppe]

The final step of any transaction there should show you the estimated gas fee within your wallet.
But just be sure to click "Reject" if you're not actually trying to process the transaction at that time.

[short fractal]

Thanks guys !

[woeful thorn]

Thanks Reminisc3nt. Yeah GWEI was probably too low. I definitely have enough eth for gas. Just found where I could edit the GWEI.

I can't seem to find where the gas tracker is though. Does it work for mobile?

[final steppe]

Yeah, it should! If you press on the member list icon in the top right that looks like the shadow of a human. Then the bot is under the "Pricing" section.

If you're on the staking site, the devs also have a tracker there in the top right which may be more convenient 😄

[woeful thorn]

Ah yeah fair enough. I'll just have a look at the staking site. Thank you so much. And yes someone with a similar name as yours (fake letter I) has added me to friends list. I'll send a photo of his/her name to scammers

[icy ocean]

My upgade failed but rewards got claimed , annyone knows what is going on

[carmine agate]

vested or just rewards?

[icy ocean]

I pressed on Upgrade to v2 , my rewards got claimed but on upgrade part it went to failed , now I dont even have upgrade button but my staked founds are stuck in v1

[carmine agate]

youre upgraded

[final steppe]

Is your deposit still vesting with a locked period? If so, the deposit will still remain on V1 as it still must complete the vesting period.

The upgrade to V2 allows you to continue earning rewards for that V1 deposit while it vests though. This is normal 🙂

[icy ocean]

alright, I was just confused why it said failed, thank you

[final steppe]

I recommend double checking to see if you're earning rewards. If you successfully upgraded to V2, the $ value should be increasing in the "Pending Rewards" box on the Staking Dashboard.

[icy ocean]

I think it is working as I have some new rewards after claiming, so it should be k

[noble flume]

Hi! My claimed sILV2 does not appear in my wallet. Where can I find the address of the token?

[coral pike]

#🔗〕helpful-links

[noble flume]

https://tenor.com/view/wink-emoji-winking-wink-wink-wink-emoji-gif-24507109

https://tenor.com/view/wink-emoji-winking-wink-wink-wink-emoji-gif-24507109

[bright heart]

Given that, we can't migrate our stakes to another(read safer) wallet, can we add the option to pick an address on which our vested claims can go?

[cunning perch]

NO. V1 stakers can't do anything regarding wallet change. YOu're gonna have to withdraw and then send to any desired wallet and then re-stake if you wish

[bright heart]

But can't we receive our newly minted and vested ILV added to another wallet?

I know it can't be done yet, but isn't this a valid way of allowing people to move at least some of their funds somewhere else? I understand an IIP will be needed.

[vocal dragon]

If i unstake v1, my v1 rewards will be automatically claimed?

[stray ferry]

Hi all ! I have the impression that Illuvium screw me, but I may be wrong. It would be appreciated if somebody could clarify. Illuvium pass from V1 to V2. To do it we have to unstake. To unstake we have to pay for each transaction (total cost for myself have been 145.33 USD). At first we were supposed to pay the ETH fees only once (at the moent of initial deposit). Now Iluvium change the rules and we have to pay extra fees without refund from Illuvium. Am I right ?

[unique grail]

Hi, i was reading the recent Medium post from Aaron and a part of it caught my attention about DAO Dashboard. Just a quick question does this DAO Dashboard if it involves staking will be pretty much like Olympus DAO or Klima DAO or it's just tje same as V2 Staking? Thanks

[peak furnace]

I have the same problem. I have a wallet that has been compromised. Everything in that wallet automatically gets sent to an unknown wallet. I need to link it or withdraw it to a safer wallet

[carmine agate]

The vested ILV is part of V1, so i dnt think so

[carmine agate]

i think its governance dashboard

[unique grail]

Ohhh i see so it's mainly for the council?

[ember ginkgo]

I see people already replied to this message in #💬〕general. Please don't post the same question in multiple channels

[carmine agate]

Maybe council seat voting and
IIP voting

[final steppe]

If I’m correctly understanding what you’re saying, then this is a feature that is already part of V2 🙂 See below for the details/requirements

[unique grail]

Ok ok got it, i'm pretty much excited about everything. Thanks again

[final steppe]

Yes, if withdrawing your deposit, any pending rewards must be claimed.

Claiming as ILV will vest and lock the rewards for 12 months in the ILV pool before they can be withdrawn to your wallet.

Claiming as sILV2 withdraws the tokens to your wallet immediately. Keep in mind these tokens are not the same. sILV2 is not eligible for staking or earning rewards… but is designed to be spent in-game or in sales within the ecosystem such as the land sales or illuvitar sales

[cunning perch]

They are still connected to the same wallet the deposits of which are on V1. and V1 just doesn't allow you to move your funds. Any wallet that has a history with V1, cannot move tokens, whether rewards or deposits. An IIP won't change that unfortunately because it's not possible. YOu have to 100% change the whole wallet to benefit from V2 tokens transfer.

[paper shale]

Can i change the wallet for my locked rewards from v1 emissions? I staked dirctly to ilv pool on website, wallet was compromised, Ilv was stolen, rewards where claimed and are now vesting at 2x weight. I'd like to change the wallet those locked rewards are attached to. Please let me know how to do this

[subtle fox]

I just wanted to thank the community, especially @cunning perch for helping my family acclimate to the future of gaming. We're SO happy to share that we're properly staked thanks to all of the hard work that goes on behind the scenes. We're beyond excited to be here!

[gloomy gazelle]

I’m sorry but that is not possible for wallets that had staked in v1. At least not at this time. Potentially it could be available in the future through some sort of helper contract. But not yet.

[bronze lake]

Something wrong with the staking site? Dashboard doesn't look correct. Also SLP is not showing any USD amount?

[cunning perch]

Oh you are so welcome 🙂 really glad it worked out for you.

[cunning perch]

I checked half an hour ago and it was fine. Don't have access to it or I'd check for you.

[bronze lake]

thnx for your message. No need to rush, just an observation 😉

[gloomy gazelle]

Could you screenshot what you are seeing and send it to me? It all looks fine to me.

[bronze lake]

I've send you a DM with screenshots

[gloomy gazelle]

What browser are you using? Did clearing the cache help?

[bronze lake]

I cleared all cache, cookies, etc but the result is the same

[gloomy gazelle]

What browser are you using?

[bronze lake]

using Chrome

[gloomy gazelle]

Ok. I’ll let web devs know.

[bronze lake]

ow it works again 🙂

Not sure if someone changed anything but I can see everything again, tnx for your help 😄

[carmine badger]

How come apr/apy doesnt go up when TVL decreases?

[gloomy gazelle]

TVL is changing primarily due to PRICE changing not number of tokens (cookies in the example that had been below).

[chrome steeple]

I'm not able to connect my wallet... any idea why?

[gloomy gazelle]

What wallet are you using?

[chrome steeple]

That may be the problem... I'm using a BNB chain wallet

[gloomy gazelle]

That is correct. It must be an ethereum mainnet defi wallet.

[chrome steeple]

But it works in ethereum network

[gloomy gazelle]

Is it using ethereum network to try and connect? Is that wallet listed as one of the options to try and connect? Are you using mobile or desktop?

[chrome steeple]

I don't know if it's using ethereum network when it tries to connect. I'm trying to connect in my browser... it just show metamask, trust wallet and other... when I click "connect wallet" nothing happens. I have my BNB chain wallet in the browser and when I open it, it is in the ethereum network... actually it just have ILV in it

[gloomy gazelle]

So it sounds like you used binance to buy Some ILV. Then withdrew it to your wallet. When you did that withdrawal did you use bep20 or erc20? Just tell me if I’m wrong.

[chrome steeple]

Yes, you are right... I used erc20

[gloomy gazelle]

So far things are good. But I can’t figure why the wallet won’t connect. It’s probably simply not supported yet.

[gloomy gazelle]

You may want to watch this older video. #🥩〕staking message

It has some old info that isn’t up to date but the basics are all there

[chrome steeple]

It wasn't a smart move... I should have moved it to my metamask wallet

[gloomy gazelle]

Probably. If there’s no ETH in that wallet it’s gonna be stuck until you have eth in it as well

[chrome steeple]

Yeah I realized that a few months ago =(

But the gas is to expensive to move it... so I wanted to try ro stake it

[gloomy gazelle]

The staking will cost WAY more than a transfer

[chrome steeple]

It's also paid in eth?

[gloomy gazelle]

Yeah. You definitely should watch that video

[cyan rampart]

Every transaction on the Ethereum network has a fee in ETH, yes.

[chrome steeple]

Well when I transfered from binance to my wallet I payed on ilv

[cyan rampart]

Yeah, Binance has its' own rules about fees, but basically they decided what you charge you to transfer ILV onto the Ethereum network.

[carmine badger]

So just to clarify, the price dictates the apr/apy and not the amount/volume of ILV or SLP staked??

[gloomy gazelle]

The rewards calculator determines current the usd value of your staked SLP and it determines the total usd value of all the staked SLP (taking into account any multipliers from locking such as 2x for 52 weeks). Then it determines what your percentage of the pool is. Then it distributes to you that percentage of the ILV rewards that are getting paid out during that block to the SLP pool (as part of the 2 week fortnight). The UI then calculates the USD value of the ILV rewards and is then able to display the APY. It’s a bit complex. But there are spreadsheets pinned in here that calculate it all for you. The APY also takes into account the current rate at which you are earning and the fact that the amount of ILV rewards paid out decreases by 3% every two weeks. So the apy displayed doesn’t show you what you are earning today. But shows you what you’d have earned in a year’s time if nothing else changes. But in reality the value of the ILV tokens and the value of the SLP tokens and the total value in the pool (and therefore your percentage of the pool) WILL change almost constantly. Therefore the APY is variable.

[carmine badger]

Gotchu! Thanks!

[small salmon]

where need to add Liq to ILV/ETH ? at Sushiswap?

if i want to stake

[surreal sierra]

Is v2 cheaper? Feels like claiming any rewards is about the same cost as v1

[grizzled kindle]

Roughly how much eth do I need to upgrade to v2

Will like $170 do??

[cyan rampart]

That sounds like plenty to me, I did both pools for less than $40 at something like 30 gwei.

[hushed spindle]

Hey everyone, I've got some ILV vesting from V1 from a few months ago. Do i need to do anything like migrate it to V2?

[worn turtle]

Just need to go to the staking platform and upgrade

[hushed spindle]

i dont have anything staking. only rewards vesting. would i have to do the same upgrade yield and claim rewards function?

[meager quartz]

I am a staker in v1, I dropped the ball and didnt realise I needed to upgrade to staking v2

if I hit the "upgrade yield and claim rewards" what will that do?

[cyan rampart]

That will claim your pending and accumulated rewards from the staking pause, and upgrade your yield to V2. Basically, your rewards will be claimed (and staked in V2 if you choose to claim as ILV).

[meager quartz]

ok so nothing to worry about

[gloomy gazelle]

If you want your vesting rewards to keep earning then yes.

[meager quartz]

seems like a reasonable gas fee thankfully, its much improved

[cyan rampart]

Yeah I reckon so, seems much cheaper to me TBH. 40 gwei helps too haha

[brisk surge]

wait so why did mobland change their name

[vapid gale]

To stake from a metamask wallet that i created just for this do i need to buy eth for the gas or the gas can be taken in ilv?

[gloomy gazelle]

What?

[lusty pecan]

Im sure this has been brought up but this is only half of what i really make a day. Why is it wrong?

[gloomy gazelle]

You need eth

[gloomy gazelle]

You may need to clear browser cache to get it looking right. Or the team will need to rollout a little patch.

[pseudo bronze]

I had v1 staking and just realised I had to swap to v2, I’ve withdrawn the rewards etc, which are now reinvested but my original stake isn’t, so do I need to withdraw it and then steal it again?

[hot vine]

How much slp you staked?

[vapid gale]

I think if i dont have enough i lose the gas but transaction wont work right?

What would be a safe but not too much amount of eth i should buy for the gas (if it depends on the transaction i plan to stake around 2250$ of ilv) and to try to get a good gas price, what number should i wait on to initiate my transaction?

[lusty pecan]

3.86 but thinking its wrong becuase i have yet to upgrade my yeild since im waiting to make a desicion to claim ILV or sILV for land

[gloomy gazelle]

30 gwei Can be seen on most weekends.

!fees

[knotty river]

Fast: 47 Standard: 47 Slow: 46
Simple ETH TX: $3.2 (0.001 Ξ)
Token Approval (ERC20): $7.68 (0.0024 Ξ)
Token Transfer (ERC20): $7.36 (0.0023 Ξ)
Uniswap Trades: $17.93 - $30.09 (0.0056 Ξ - 0.0094 Ξ)

[gloomy gazelle]

$50 of eth maybe. That’s hard to know though.

I always make sure I have more than enough.

[vapid gale]

Ye i wouldnt want it to fail. Waiting for a low 30s gwei what are the approximative odds that 50$ want make it because it spiked to a too high gas price right when my transaction initiate?

I guess being on the more cautious side doesnt hurt either

[obsidian nebula]

With the ETH merge it's been said there will be a necessity to unstake and restake locked ERC20 tokens. How will this effect ILV and SLP stakes when the time comes?

[gloomy gazelle]

Use etherscan historical gas prices to help when the time comes.

!gas

[woven ibex]

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

#🔗〕helpful-links message

[carmine agate]

who said?

[shy cosmos]

I keep getting the wheel on the staking page. My Metamask is already connected, but the wheel just won't disappear and not show me staking options. Is this the server or my Chrome?

[cunning perch]

It might be your browser. update it and clear cache. this usually fixes the errors

[shy cosmos]

Chrome is up to date, just deleted all time cache and cookies. Still won't work. I could try the Brave browser

alright, Brave is working

[cunning perch]

Awesome. These errors are usually browser based. Glad it's working now

[pliant whale]

Me too, "ILV Earned Daily" is lower than actual, even after clearing cache. But it seems to be slowly increasing each day so it could be the time frame being looked at is longer the data we have since V2 going Live.. Let's see 🤓

[carmine agate]

usual front end issue, they trying to get v1 yield, v2 yield

[pliant whale]

Ok, that makes sense. Thanks 👍

[spring matrix]

What if the vesting period ends. Will there be a huge price fall?

[gloomy gazelle]

What vesting period?

There are well over 16,000 different vesting periods. Probably close to 100k. And growing. But if you know which one you mean then we can maybe talk about it.

[tropic zenith]

i migrated 10 days ago where did my ilv go?

[gloomy gazelle]

Vesting tab

[tropic zenith]

oh i needed to refresh

[tropic zenith]

see it now thanks!

[rough hollow]

so I upgraded my staking to v2 and I didn't get any confirmation is that ok?

[cunning perch]

the buttons should be gone and youur rewards (if in ILV) should be in the Vesting tab or (if in sILV2) should be in your wallet

[rough hollow]

I previously upgraded to staking v2 and have the transaction to prove it, I paid the gas fee and on the staking on illuvium but it still has my illuvium as v1 in the vesting tab

[gloomy gazelle]

That’s how it works. #🥩〕staking message

[cunning perch]

Ofc it does. Your stake will always be on V1 since you initially staked on V1. You just upgraded to V2 to use some of its perks

[rough hollow]

When the staking is over for the locked period will it give me the v2 benefits

[cunning perch]

You already receive V2 benefits except wallet transfer. You will never have it unless you withdraw, change your wallet completely and re-stake and re-lock

[rough hollow]

Ok, thanks

[gloomy gazelle]

Looks like they read CoinGecko and called it research

[tiny void]

I got my MetaMask hacked, is there anyway to transfer my locked ILV position to another wallet?

[gloomy gazelle]

No. Locked deposits cannot be moved.

[tiny void]

Thanks

[dusk gorge]

to claim the reward, i notice i can tick both SLP pool and ILV pool together. Does this mean only 1 gas fee or same as previously for 2 gas fees?