🥩〕staking

[brisk surge]

Hello, i don’t know if it’s normal but i can’t stak right now…
My Wallet is connected but when i try to stak, it says Failed..
i did the exact same thing than the two previous time, i don’t understand
And when i want to look the transaction on etherscan, they tell me sorry we are unable to locate this TxnHash

For the gas fee i think it’s 1 only but i’m not sure

[brisk surge]

What can i do ?

[brisk surge]

hi all, I f I LP with 100 USD in ILV and 100 USD in ETH, the APR is applied to 200 or to 100 USD value?

[cinder escarp]

Tbh its probably not worth to stake that less compared too the gas fees

[craggy field]

You will get APR over the entirety of your stake so 200$. But you would only get revenue distribution of your ILV stake. So 100$.
The revenue distribution is all of the profits gained through marketing/in-game purchases etc.

Indeed what TheBrian says 200$ investments are too little to be worthwhile with these gas fees :)

[brisk surge]

I have way more than 100 USD, it was just an example

[cinder escarp]

Oh oke great

[brisk surge]

when I add liquidity on sushi the correct pair is ILV (first) - ETH (second) right?

[craggy field]

Havent staked in a loong time so i dont know :s maybe a mod can fill in! @ember ginkgo ? 😅

[ember ginkgo]

I usually tag @mint cave for these things 😄

[carmine agate]

0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E
#🔗〕helpful-links
eth first

[gritty ruin]

how do i get SLP to stake in ILV/ETH pool ?

[cunning perch]

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

2. Provide liquidity to Sushi with ETH + ILV with the same propostions in $ (example: $100 ILV + $100 ETH)

3. Approve and pay gas

4. Take the SLP you receive and stake it in ILV staking website ( #🔗〕helpful-links again)

[gritty ruin]

Ok... got it... Thanx Thanx...

[versed coral]

Did anyone of you really notice any significant changes of gas costs comparing v1 and v2? I was checking how much it would cost for claiming at around 60 gwei which I used to do earlier with v1 and I feel like it didn’t change much?

[hearty scaffold]

Yeah I didn’t notice much change either. Thought one of the benefits of moving to v2 was lower gas fees?

[tough sundial]

I am trying to stake and the page is taking indefinite time to load. anyone facing the issue? i am using metamask wallet.

[hot lynx]

Trust wallet works better it's less clunky and faster imo

[carmine agate]

V2 has less transactions

[carmine agate]

delete cache, restart pc/laptop, restart router, reinstall MM

[cunning perch]

https://tenor.com/view/thanos-infinity-war-everything-avengers-gif-14066494

[carmine agate]

sell your pc, build a new one, ez pz

[viral shard]

Quick question about upgrading to Staking V2, I staked in the ILV/ETH pool only (fixed term of one year)

To move to V2, I think the medium article says I need to upgrade both "ILV Pool" AND "ILV/ETH pool" (ie so this would be x2 transactions I need to sign)

Just checking this is correct? Does it matter which order you do it in?

Also, for the "ILV Pool" it gives me an option to claim in sILV2 or ILV, but I dont want to claim, I want leave the accumulated ILV staked , so should I select sILV2?

[cunning perch]

Hey. Upgrading doesn't move the tokens, it just give you permission to use V2’s features.

If you staked on V1, you can never move your funds, locked or otherwise.

You have to upgrade both pools. When upgrading the ILV pool, it gives you the option to choose your pending and accumulated rewards all together in form of either ILV or sILV2. You can decide which works for you.

[viral shard]

Thanks!

So if I choose "Claim rewards in ILV", it's talking about future rewards (and doesn't mean that I am "claiming" whats been accumulated so far)

[cyan rampart]

If you choose Claim rewards in ILV, it's talking about your current pending and accumulated rewards. Everything from before the pause (pending) and during the pause (accumulated) would be claimed as ILV.

[kindred summit]

My ILV-ETH LP is now free to withdraw so the question: is it better to leave it or to withdraw and re-stake it with a period lock? (I’ve already upgraded to V2)

[shy cosmos]

How much is 1 SLP worth in USD? Is there a chart somewhere?

[final steppe]

That's going to be up to you and what your plans are with your tokens in the next year(s) 🙂 Right now if you leave the tokens there, they continue to earn you yield farming rewards (and soon, RevDis) at the same token weight.

If you withdraw, re-stake and lock the tokens up for a longer period of time than you did previously, you'll earn more yield farming rewards and RevDis with that higher token weight over time. But of course, the tokens will be locked up again... so if you need to access them soon for whatever reason, you won't be able to.

Decisions decisions...

[cunning perch]

You can check on Zerion

[kindred summit]

Thanks for that. I’m in for the long haul so I’ll re stake then

[heady hazel]

Oh, I thought the unlocked token weight stayed at 2.0 as long as you didn’t withdraw. Good to know it goes back down to 1.0 weight

[final steppe]

Ah, definitely didn't say that haha.
Unlocked tokens that remain staked will keep the original token weight they when they were first staked/locked 👍

[heady hazel]

Ok sorry. I’m just confused how you earn more by withdrawing and restaking Vs leaving it in there after it’s unlocked

Ok I re-read it and I get it now. I just comprehended the “earn more yield” part wrong

Also the “higher token weight” part

[final steppe]

Ahh yeah-- Tikpaul didn't choose the max lock period for that first stake (otherwise their tokens would still be locked) so they did not have a 2.0 token weight. So if they withdraw, re-stake, and select a longer lock period than they used before, they will get a higher token weight 🙂

[heady hazel]

Ahhhhh, I get it now.

[muted valley]

when the staking pool for ILV end in 3 years or so.... how will we get revdis? It says we only get revdis when ILV is staked?

[cunning perch]

you stay staked. Only staked tokens will get RevDIs, being staked and receiving Yield are two different points.

[muted valley]

What would stakedlooklike when the staking pool for Yield is over.... just "stake it?" but is there a period that you can't withdraw, etc?

[cunning perch]

The same as it does now. YOu just won't get Yield cuz Yield has ended

If you r tokens are unlocked, you can withdraw anytime

[muted valley]

Can you leave them in the staking pool and just not withdraw them so you can get them out when you wnat to take them out?

[cunning perch]

yep. just leave them in the pool and don't touch them if you want RevDis

unless there is a Proposal that changes that

[vapid gale]

What is redvis? i keep reading this

[woven ibex]

The DAO distributes 100% of revenue to token holders.

Revenue distributions are claimed through the official Staking App as unlocked ILV. The vault converts ETH spent in-game into ILV by the main Sushi pool, which increases the token price.

[naive ridge]

Hey guys I'm having trouble upgrading the yield and claim rewards. I just get an color wheel endlessly spinning. Anybody else having this issue?

[cunning perch]

clear cache, update browse . If persistent, change the browser

[willow ore]

guys i got a question, if i stake ILV in the ILV Pool for 12 months and if i claim my reward after 12 months i have to wait 2 years overall to get back to my ILV because they are locked for 1 year after i claim it right?

[cunning perch]

when every you claim ILV, your rewards will start a new yearly vesting. So even if you claim after one year, your claimed rewards will be unlocked the next year, meanwhile, they also generate more rewards that will be locked for one year. This means, when you stake ILV, one year after all Yield ends all rewards will be locked and you won't have any more vesting period if you know what I'm saying.

Suggestion, claim whenever you think it's the right time to claim so you won't miss-out on Yield.

[hot lynx]

Hi mate how are you. Interesting question. What time zone is the staking platform set too ?
I have some staked SLP soon reaching the 12 mths unlock and I will unstake and move these at that time.
Is it 0.00 UTC on the date ?

[cunning perch]

Hey buddy. thx. I think it should be Australian time, not sure tbh.

Everything is shown in the Vesting tab on the website.

[brisk surge]

i register for beta tester everyday i will send someone eth for their tester spot

[hot lynx]

Can you check as it's "important" 🤐

[hot lynx]

#🥩〕staking #799010390201466880

[brisk surge]

Ty good sir

[cunning perch]

have you upgraded your pool?

[hoary wedge]

how do I do that, I don't see an upgrade option on the dashboard (I watched the video and don't see the same banner where it's supposed to be under overview)

[cunning perch]

make sure you clear cache and update your browser, usually fixes that.

also the link shows all your TXs are pending.

[hoary wedge]

those aren't my txs that's the core pool contract

[cunning perch]

Core Pools don't have any issues. None of the TXs you've done have been successfully accomplished. They are all vesting. Check your wallet and see if your ILV is still in there.

[hoary wedge]

to be clear, none of those are my addresses or transactions lol, I staked several months ago. anyways i'll try refreshing the cache...

[cunning perch]

Yes try clearing that also upgrade your browser

[quaint raptor]

I'm sure this has been answered 100 times, but when you claim from ILV/ETH and it's said to be compounding during the 12 month vesting period -- how does that work, given that it's ILV/ETH? Is it treated as if it were in the ILV pool?

[cunning perch]

you claim ILV from either pool and it is ILV that is vesting. Has nothing to do with LP anymore

[quaint raptor]

So it'd be earning at the rate of the ILV pool?

[cunning perch]

Yes

[hot lynx]

All stakes get RevDis wen released

[cunning perch]

Try changing the browser. If it still didn't work. let me know.

[vapid gale]

To stake my ilv i keep seeing things about swapping eth. If i already have my ilv on gate.io can they be transfered on my metamask to then on the site to be staked?

[cunning perch]

You have to manually send your ILV to your MM from wherever you buy it. Nothing is automatic and you cannot stake from Gate.io

[hoary wedge]

I think it's not showing me the buttons because it's no longer recognizing my address as staked? can I DM you my address to check...?

[vapid gale]

Yes i know i have to go trough metamask but my question is if its possible to send the ilv on metamask directly?

Because i dont see the token on metamask and when i search online i see things only about swapping eth to ilv so im not sure

[cunning perch]

send me your address

[vapid gale]

On metamask i see my main adress but im not sure if this main adress is only to recieve ETH, as i see you can ''add'' tokens & cant find ILV

[cunning perch]

you have to add the token address manually. you can find it in #🔗〕helpful-links

[vapid gale]

Awesome, thank you 🙂

[cunning perch]

Also, did you change your browser?

[cunning perch]

Should be UTC.

Everyone watch out for scammers. DMs are scams

[hot lynx]

Thanks mate I am in an unfortunate race to make my claims on that old wallet 👊

[hoary wedge]

oh actually think I figured it out thanks for the help

[cunning perch]

Still better to be awake and ready to press withdraw whenever it's online. Cuz It should be UTC.

[cunning perch]

No worries

[hoary wedge]

how long is the pool upgrade window, is there a deadline to do it by?

[cunning perch]

No, though until you do it, you won;'t get rewards.

[hot lynx]

I need to be and will be logged in 5mins before everytime until all is out and safe again 😬

[cunning perch]

check with both Australian time and UTC just to be sure.

[hot lynx]

Ok 🇭🇲 arrives first then London

[still cloud]

Do we have any ballpark projects as to what the revdis will be if we choose to claim rewards in ILV instead of sILV2? Thanks.

[cunning perch]

YOu can ask for ppl's opinions regarding RevDis in #💰〕token

[wheat grotto]

What’s up, is there an SLP calculator? Wanna work out how much I’ll have for my next stake

Think I found it but have no idea how to use it haha any tutorials to calculate SLP using that calculator that’s pinned?

[vapid gale]

Just to be triple sure, the logo of the real ILV token on metamask is just the three colors blue/yellow/red? I copy pasted from important link but just checking because i find it odd its not the official ILV logo

[mighty rover]

On my side, it's showing the logo correctly. It happened to me previously, but I forgot if it corrected itself or I did somerhing to change the logo.

[vapid gale]

Thats weird, ik know if i copy paste from this discord it should be alright but i find it odd. Is there a way i could be certain i have the right token? I cant try a test transfer because of the gas

[mighty rover]

You can check your wallet on Etherscan. It will show that you have some ILV. Click on it and see if the address matches the ILV in the Discord. I'm not an expert, but I guess that's one way. Please cmiiw someone.

[simple arch]

Just read the DevBlog, great update! Staking V3 though? What else is expecting to change? Any thoughts?

[topaz wind]

stking v3???

[cunning perch]

Staking on L2 ==> staking/claiming will be gas-free

[simple arch]

Oh of course, that makes sense

[crisp glen]

am i right in assuming that there is no way to change my wallet address until vesting period is over and i manually send it from one account to an other. looking to further secure my ILV.

[topaz wind]

yeah you have to wait until the vesting period is over

[crisp glen]

thanks I didn't think I would but figured I'd ask anyhow. cheers

[simple arch]

I thought staking V2 allowed for wallet changes? A way to protect against compromised wallets etc

[carmine agate]

did you mean you want to claim?

[carmine agate]

only a new staker on V2 can transfer wallet

[cunning perch]

V1 is fully Immutable and therefore cannot be changed, that's why we upgrade, The team did their best, but wallet transfer wasn't possible for V1 stakers. Even if all your tokens unlock (deposited and rewards) and you withdrew all of them and leave nothing on V1, since your wallet was connected to V1, you still don't get the option. The wallet needs to fully change to have that option.

[hoary yacht]

What pool majority is staking on? Ilv/eth seems to be way up higher APY. Anyone got burnt from impermanent loss?

[carmine agate]

IL doesnt matter for a degen like me pfft

[gloomy gazelle]

I don’t think anyone has. Considering the price movements and the fact that when ILV was really pumping the SLP pool was getting even higher apy than it is now. Most earned the value of their deposit back as rewards in a fairly short time. Recently the prices have not been making huge changes in comparison to each other.

[cyan rampart]

The guy who scared me out of SLP right when I first staked claimed to have gotten burned. I think he flex staked on a day where we went from $200 ILV to like $280 ILV, and he pulled out immediately.

I agree though, anyone not engaging in money burning activities like that has done fine lol

[gloomy gazelle]

😂 that’s just dumb

[cyan rampart]

Yeah I was on the fence and didn't really "get it" and read that and made a suboptimal decision 😢

[gloomy gazelle]

https://tenor.com/view/pokemon-i-know-that-feel-bro-pikachu-gif-15485156

[sturdy wren]

A question regarding that: Why is it that APY increases when price of the asset/ILV increases?

[carmine agate]

it shouldnt. apy goes up and down, because of the amount of token staked and it goes down every 2 weeks
*this is incorrect, please see Blickter's explanation below

[sturdy wren]

I see that thrown around a lot. I believe Kieran also mentioned it in the interview with Paul Barron that APY could temporarily rise a lot if price action goes up

[cyan rampart]

The SLP APY can go up when the price of ILV goes up. This is because only half of an SLP token is ILV, so the value of your SLP token rises more slowly than the value of your rewards (which are all ILV). That isn't the case with the ILV only pool.

Note that the APY going up doesn't mean you're getting more rewards, just that your rewards are worth more.

(In this scenario)

[sturdy wren]

Right, makes sense. Many thanks

[carmine agate]

so ILV price movement doesnt do anything to APY right? Because we are getting the yield in tokens

[cyan rampart]

In the ILV only pool, ILV price movement doesn't do anything. Your value staked goes up at the same rate as your value of rewards go up.
In the SLP pool, like I said, the APY can go up when ILV goes up. That's because your value staked goes up slower than your value of rewards. Getting more value of rewards relative to the value of your SLP stake means a higher APY.

[carmine agate]

i thought the yield is calculated in SLP, not in $usd? i am so confused

[karmic magnet]

Q: when will you guys decide to take reward from SLP?? According to how many % of gas fee ??

[cyan rampart]

I mean, it's the same metric in the ILV only pool. Whether you use ILV tokens staked and ILV rewards or USD value staked and USD value rewards, you get the same APY, since they vary in price equally.

The SLP APY is based off value staked compared to value of rewards.

A $5k SLP deposit at 300% will yield $15k of rewards over a year if everything is static, and those rewards will all be in ILV.

Now if ILV goes 2x, your SLP deposit is only worth $7500(ish, I'm bad at LP math), but your rewards doubled in value to $30k (since they are all in ILV). That makes for a 400% APY.

[cyan rampart]

Yeah, the easiest way is just to do as a percentage of gas fees. Like, gas is 5% of claim value for example. There are still some calculators kicking around you can use to help figure out what's optimal for you.

[carmine agate]

thanks blickter for being so patient
ok that make sense now

[cyan rampart]

Not at all, I genuinely enjoy stuff like this.

[carmine agate]

not sure if i got it, please dnt hate me
so when the ILV price goes up, the SLP APY goes up, the rewards value is now higher relatively to the SLP value, because the reward is 100% in ILV while SLP is 50% in ILV

[cyan rampart]

You got it

[carmine agate]

https://tenor.com/view/yes-sweet-hell-yes-pump-it-gif-22136641

[cyan rampart]

If ETH moves at the same rate as ILV though, there's no change, since SLP value would increase at the same rate as ILV value.

The increased APY was super noticable when ILV pumped from $1100 to $1900, it went up like 100%-ish.

[carmine agate]

so it's all about pumping ILV

but what about IL when ILV pumped so much?

[cyan rampart]

I mean... If you're looking strictly at APY, yes, but it's kind of a bad metric for the SLP pool specifically.

You still get the same number of ILV tokens as you would, they are just worth more. So in that sense, ILV up is always good.

[short copper]

Hello

[gentle pumice]

https://tenor.com/view/those-were-the-days-curtis-payne-house-of-payne-good-times-good-memories-gif-22163985

[hot lynx]

@cyan rampart hey Blickters ah remember those days .. $185 ILV up to $1900 SLP goes brrrrrr .. 💫💫💫🤣 ..

[marsh osprey]

Hi admin any guide to upgrade v1 pool to v2? Because mine always loading on upgrade ilv pool and claim rewards button

[cunning perch]

Hey. Make sure you upgrade your browser and clear cache and if persistent, change the browser. This fixes many issues

[open steeple]

hey guys when we upgrade from v1 to v2 all the pendent rewards are given to us?

[carmine agate]

the vesting rewards stay vested for the remaining vesting period

[radiant rapids]

Hey, how much are the typical gas fees (in USD) when staking/claiming?

Thinking of staking my ILV but worried about eth gas fees

[oblique yew]

This can vary a lot and it is based on what gwei(gas) is at when you go to stake/claim. There is a gas tracker in discord on the right hand side, also one on the staking website itself, or you can lookup the etherscan gas tracker as well. But to give you a ballpark, I would say that if gas is around 40 or 50(gwei), in USD the cost would be around $30 to $40

[topaz wind]

I mean there really isnt a way to do this, if the wallet is compromised, whats stopping the person who compromised it from just going onto your staking and swtitching the wallets.

[radiant rapids]

Exactly the answer I needed, thank you so much! 😄

[mighty rover]

If I stake for a year alr and I can unstake, if I decide to not unstake, do I continue to get staking rewards until I decide to unstake? Or do I need to lock the now unlocked staked tokens to continue earning rewards?

[final steppe]

As long as the tokens remain staked, you will continue to earn rewards at your original token weight you set even after they have unlocked 🙂

You will only stop earning those yield farming rewards if you withdraw that deposit or when the yield farming rewards run out 😛

[carmine agate]

you can transfer staking in v2

[mighty rover]

Thanks for the clarification.

[topaz wind]

not if they are locked

[topaz wind]

I doubt he would be asking if he could transfer unlocked token to another wallet

[carmine agate]

#🥩〕staking message

[topaz wind]

ah mb I was under the impression he was talking about being still staked in v1 but upgrading to v2

[carmine agate]

He probably is

[topaz wind]

cause if that were the case he wouldnt be able to transfer right?

[carmine agate]

No way. Only new wallet can do transfer

[pearl cedar]

Hey. I'm curious as to how rewards and compounding works. Do I have to claim my pending rewards and turn them into vested assets before they can be compounded? And do you pay gas to claim? How much if you do?

[cyan rampart]

It's at your own pace, so nothing about compounding is automatic. The APY listed on the website assumes 12 claims a year (1/month).

When you claim rewards as ILV, they are automatically staked for 12 months in the ILV only pool. During that time, they generate their own rewards.

You do pay gas to claim. Right now it's about $61 for me to claim both pools.

[final steppe]

Gas fees will always fluctuate depending on how much traffic there is on the ETH network. So you can always start that claim transaction and see the estimated gas fee at that time. If it's too high for you and you want to wait to claim, you can click "Reject" and there's no cost to you 🙂

[pearl cedar]

Great answers! Thanks a ton!

[brave flame]

Is there maybe easy way to check how much slippage did you have on specific swap transaction? Or is it always what you set for example on uniswap or sushiswap?

[brisk surge]

Eta on landsale

[coral pike]

answered in #🎮〕illuvium-zero

[buoyant zenith]

BTW how do we check when our ILV staking ends?

[ember ginkgo]

You can see this under the vesting tab

[buoyant zenith]

Awesome I see it now, Thanks

[safe schooner]

Hi all, I don't know if it as already been discussed but I have a significant difference between the amount of pending rewards and the theoretical amount I should have when I multiply my daily rewards by the number of days since I have claimed. Is it normal ?

[carmine agate]

no

[safe schooner]

Do you know if I can contact someone from the staff for this problem ?

[cyan rampart]

If you're comfortable talking about what you have/expect for rewards publicly, we can move to #❓❗〕community-help , you can DM me if not and I can check over your process and make sure everything adds up. In most cases, there's a misunderstanding of how rewards work, the contracts usually do their thing properly.

Some people have also had display issues with daily rewards and pending rewards, it's pretty rare but it has happened.

[safe schooner]

I go to the help section 🙂

[hollow dome]

Hello there. I finished staking my slp tokens. I staked them for 2 months. How can I continue staking them? Do i have to withdraw them first?

[cyan rampart]

They will continue to generate rewards if you leave them staked. IF you wanted to lock them for a longer duration and a higher weight, you'd withdraw and restake.

[hollow dome]

Thanks man

[balmy anchor]

I was staking ILV under v1 and I went to switch to v2 now but I don't see an option

[whole creek]

hello guys, I haven't upgraded my staking since the update and logged in today and cant see my ILV, any idea where it should show up? checked vesting and it shows a small amount compared to what i put in

[low locust]

if you haven't upgraded from V1 to V2 staking, i believe you need to do so -- when you do, you'll be able to claim the rewards that accumulated during the rewards pause... if that's what you're talking about?

[tawny forum]

Hey everyone im new here, im wondering if i can find an excel sheet that would make me understand claimable rewards in the SLP pool

[low locust]

if you check the pinned posts, there's a google spreadsheet you can use to estimate your potential daily rewards from the SLP and ILV staking pools (it's a little ways down)

[whole creek]

is there any way of contacting support? @low locust

[low locust]

lots of people in here are happy to help and will know more than me --

[brisk surge]

Just wait for a mod to get back to you, they will be able to help. Dont trust anyone that DMs you, Illuvium staff will never DM you first.

[whole creek]

It wont show the prompt for me to upgrade to v2 + it says my ILV was sent out of the main pool 5 days ago

[carmine agate]

do you see a line that says v1 vesting rewards ?

[whole creek]

@carmine agate I cant + cant see the upgrade prompt

[carmine agate]

you should ping a mod

[carmine agate]

what do you want to know about it?

[tawny forum]

Alright so im willing to stake in the SLP tool and i dont really understand how much to stake for ETH and ILV

like how do i calculate my earnings if assets were locked for 4 months lets say

[carmine agate]

how much are you planning to stake?
if you have $1000, you need to put equal amount of $ in eth and ilv

[tawny forum]

Say 1000$, so 500$ worth of eth and 500$ of ILV

[carmine agate]

So when you get to sushi liquidity pool, you can put $500 worth of eth, it will automatically calculate hw much ilv needed

[carmine agate]

you need this amount of eth and ilv in your wallet, plus additional $100-$200 worth of eth for gas

[tawny forum]

Aha got it, and then how do i get on with calculating returns?

[carmine agate]

you can go to slp pool staking page, click on stake, slide the period to 4 months, you will see the apr %
just divide that apr% by 3

For a 3 months staking, i suggest you to claim rewards at the end of the 3 months period to save on gas

[cyan rampart]

Have a look at the pinned messages, there's an excel sheet by Lelahel that you can use if you want to get a more accurate idea of rewards.

[carmine agate]

this is my opinion on claiming
#🥩〕staking message

[tawny forum]

I saw for 2k to claim in 3 months, but is there a way to calculate your these rewards?

[tawny forum]

I couldnt find that, its in this channel?

[carmine agate]

yes, can you see how much SLP pool apr % for 3 months staking?

[cyan rampart]

Yeah, you'll have a scroll down a ways.

#🥩〕staking message

Deraji also has a calculator you can find linked to in this article: https://www.publish0x.com/ilvfi/staking-v2-update-action-required-xjonmmj

[tawny forum]

Another noob question, if i decide i wanna stake 600$ worth of ILV and 600$ worth of ETH does that mean i have 1.18 SLP after adding liquidity?

[carmine agate]

you will have 0.375 SLP
SLP value is calculated in ETH price (highest token price)
so 1 SLP is 0.5 ETH + 2.7 ILV

[cyan rampart]

You can always look up the SLP price, I use Zerion (which the bot won't let me link here), but there are other sites that track it as well.

Oh nice it's on Etherscan. https://etherscan.io/token/0x6a091a3406e0073c3cd6340122143009adac0eda

Right now $1200 would be about .416 SLP tokens.

[carmine agate]

$1200 deposit
Will get you
$495 after 3 months
and if you claim rewards in ILV, it will be vested for 12 months and yield you another $225 after 12 months

minus gas fee

• you need gas to add liquidity to SLP, $30
• you need gas to allow V2 contract, $10
• you need gas to stake, $30
• you need gas to claim rewards + unstake, $30
• you need gas to claim vested rewards, $30
  approx. $130

net yield if claim rewards in ILV
$495 + $225 - $130 = $590 out of $1200 deposit

if you ask me, it's probably not worth the gas for that amount and that short period of staking

[tawny forum]

What does vested for 12 months mean? And the 495$ would be if i claimed in SLP which is unlocked as soon as i claim?

[tawny forum]

Got you

[carmine agate]

you can claim staking rewards in either

• ILV, need to be staked in the ILV pool for 12 months (the vesting period)
• sILV2, you receive it in your wallet immediately
  just a reminder, sILV2 is an ingame currency, officially valued at $ILV price, you can use it to buy land, buy illuvitar, travel, cure shards and other ingame activities
  it is currently being traded on uniswap for $200

[tawny forum]

What would be the smartest staking strategy if im looking for flexibility? Or more or less the concept is the same?

[cyan rampart]

A minimum lock duration is the MOST flexible staking strategy. I don't know if it's the smartest though. If it were 100% solved what's best, everyone would just do the same thing.

I have pretty strong conviction in the project and was comfortable staking for 12 months to maximize my ILV returns. That's not advice or anything, just what I've done personally. Definitely DYOR in the project, ask any questions about the project, but ultimately decide for yourself what's best for you.

I'm also not looking to be flexible, you'll probably find me in this Discord in 5 years.

[carmine agate]

if i want to stake for 3 months in the SLP pool, i will stake for a minimum of $3,000, to cover for gas. the gas fee will be about 11% on my total $yield

[tawny forum]

Thing is i really like the project and i wanna be involved in any way possible from now, but it helps much more to understand how things are to lay groundwork

[tawny forum]

Was thinking of staking 0.8 SLP for 12 months, apr is around 260%, how often can i claim if i decided on sILV2? And are these rewards locked for some period?

[carmine agate]

you can claim staking rewards as often as you'd like, you just need to take account the gas fee
for a $2600 deposit, i would claim every 3 months
sILV2, you will get it in your wallet immediately

i personally prefer to claim rewards in ILV, and buy cheap sILV2 from the uniswap

[tawny forum]

this is only a scenario if i claim in ILV tho correct? As im trying to compare between the two cases

[carmine agate]

the ingame value of sILV2 you collect is the same as ILV value. but you can only use sILV2 ingame, buy land or buy illuvitar, it's like a gift card

thats why it is currently being traded at a huge discount

[tawny forum]

How to calculate sILV2 earnings for a 2600$ deposit locked for 6months?

My brain is screaming its literally mind bending lol I thought the excels will make it ez but that wasn’t the case haha

[carmine agate]

just $2600 times the apr divide by 2
whts the apr for 6-months stake?

[carmine agate]

i know lol. I make my own sheet.
Im off driving my dog, wont be back for 5 hours. I dnt have my pc with me

[tawny forum]

About 200%

[tawny forum]

Np thank you mate enjoy!

[carmine agate]

i can safely say you will get $2600 worth of ILV in 6 months, or 4.3 sILV2 at today's ILV price

[nimble forge]

Good morning revdis team. A quick question. If you are, for example, staked in SLP pool with 10ilv+eth, are you eligible to 10ilv worth of revdis?

[carmine agate]

yes, you are eligible only for the ILV token amount

[timber dew]

At 300% apy, 10k staked in SLP with 365d lockup would return 40k in ILV in 12 months?

[carmine agate]

apr is 265% for 12months staking
the daily rewards will be 72 ILV or sILV2
however, apr does change overtime

if you claim in ILV, it will be staked for another 12 months and earning at ILV pool apr %

[manic brook]

feeling glad I'm all staked after watching the gameplay today. wagmi

[carmine agate]

gas is cheap rn

[plain hatch]

Whats a reasonable reward pending amount to claim when gas is cheap. trying to figure out what would make the most sense for me. currently have 1 ILV pending

[carmine agate]

2 ILV

[drifting fractal]

Btw. does ”the amount of revdis received by staker” use position weight also?

[carmine agate]

Yes

[kind marsh]

Possible to buy land in Beta?

[carmine agate]

land sale is coming, probably in may

[tawny forum]

Hello, are gas fees almost always 11% of my deposit in the SLP pool no matter how long i stake for?

[carmine agate]

gas fee depends on the eth network congestion

[tawny forum]

So it doesn’t matter if i claim ILV or sILV2, gas is gas

[carmine agate]

it doesnt matter what you put in the contract

thats why i like to deposit in a larger sum

you could have deposit $1, and gas is still $30

[tawny forum]

If ILV goes up significantly in June, does the price of sILV2 move up as well simultaneously like is it always connected to ILV’s price?

[carmine agate]

not necessarily

officially sILV2 value = ILV price
but you can trade sILV2 at any value

[tawny forum]

This part I don’t think i understand, doesn’t that make rewards unstable and harder to calculate? If i was to claim in sILV2

[carmine agate]

if you claim sILV2 to sell them, yes it is unpredictable. But if you claim sILV2 to buy land, illuvitar or use in the game then it is pegged to ILV

i prefer to claim in ILV, and buy sILV2 from the market

[tawny forum]

Got you, and for claiming the ILV reward they’re locked for 12 months for the vesting and I’m free to unstake my SLP as soon as the locking period i chose ends

[echo inlet]

I cannot find the SLP token for ILV/ETH pool. The helpful links just sends me to swap not the lp pool

[carmine agate]

https://tenor.com/view/jim-and-pam-yes-gif-21499107

[carmine agate]

sushi - legacy - add

[tawny forum]

thank you sir!

[queen garden]

does anyone know how much gas fee i should expect to add to ilv/eth pool and stake slp?

[carmine agate]

$30-$50 each tx

[tawny forum]

Hey man, can you please explain why claiming ILV is better than sILV2? Like if i lock 1500$ in the SLP pool for 6mnths (200%apr) what are my rewards in sILV2 compared to if i claim ILV?

[silent arrow]

It s totally different token.
Silv2 are for in-game use like paying fees buying illuvitars or land ect...
But you can t stake it.

Ilv or the governance token, it gives you voting power for voting the council, and you can stake it to gain yield.

2 different usage

[carmine agate]

the rewards amount are the same.
you can either claim 1 ILV or 1 sILV

[tawny forum]

But doesnt the discounted market price of sILV make people claim ILV almost always? Unless the people that are heavily invested in the game

[carmine agate]

sometimes people need some liquidity and sell sILV2

[open flax]

Bit of a newbie, just checking I have things right. Got my wallet. Going to put some ETH in it and head to Sushi Swap, use my ETH to grab ILV tokens, go to illuvium stake, and stake my tokens. Did I miss anything?

[boreal cape]

I got it. Make sure ur wallet is in an ETH wallet. And “swap” ETH to ILV. Note, make sure u have some ETH left after swap for staking gas fee. Also time the gwei it’s better to wait for a low gwei.

[boreal cape]

I mean “U got it” 😅

[boreal cape]

And if you want to stake in ILV/ETH pool it’s slightly different. There’s one more step you need to take.

[open flax]

thanks for the answers, the extra step would be to get the token for the ILV/ETH token, is that somewhere other than Sushi?

[earnest geode]

Just at Sushi.

[minor gorge]

Hi, I upgraded my ILV/ETH from v1 to v2. Does it continue to stake for me ? or do I have to "Withdraw" , followed by a new stake ?

[cinder escarp]

If i press claim reward, can i choose to only claim half of the accumulated rewards? Or does it always claim everything stacked up to that point?

[charred mason]

everything

[ember ginkgo]

Everything

[cinder escarp]

Alright thx

[cunning perch]

Upgrading is enough.

[minor gorge]

Thank you !

[vocal sigil]

Hey guys can anyone please give me a hand here?

i have some eth on my Crypto.com account anyone have any experience with that?

[ember ginkgo]

Already replied in general

[carmine agate]

deja vu

[queen garden]

hey friends. where can i find the link to the ETH/ILV pool on sushi swap?

[cunning perch]

#🔗〕helpful-links

[queen garden]

thanks mate

but it doesnt show me how to add liquidity

[cunning perch]

Legacy, Add. on Sushi website

[misty prairie]

I use crypto.com

[vocal sigil]

ive found out the real adress i needed to use but now my withdrawel adress is locked for 24 hours 😦 i really hope i can get those low gas fees

[silent arrow]

never had any withdrawal time limit with crypto.com and use it everyday

[vocal sigil]

if u add a new withdraw adress and try to use it right away?

[silent arrow]

well mylast transfert were to a known adress, be before, I ve never had this limitation, so maybe it s recent

[vocal sigil]

they did upgrade their security so i guess so :/

i have another question tho. When my locked period of staking is done like lets say 2 weeks and i dont collect them cause i dont want to pay the gas does it automaticly go back to flexible terms or wont i earn anymore after that on that position?

[queen garden]

do you know if creating slp are two transactions?

[cunning perch]

Nothing changes. They will just be staked and unlocked while generating rewards to be claimed.

[cunning perch]

Should be. One approval and one SLP creation.

[queen garden]

probably best to stake 12 month right? apr is going to be up for a bit right?

does slp receive revdis?

[cunning perch]

Gas issue maybe? also update our browser and clear cache, or change the browser

[cunning perch]

That is your choice and APR doesn't tale into account compounding.

And yes, ILV part of SLP receives RevDis

[queen garden]

merci!

[woven cobalt]

Hey guys , what is slp?

[cunning perch]

Sushi Liquidity Pool TOken

[woven cobalt]

Which stake is best to choose ? For how long?

[cunning perch]

you decide. I suggest reading all the Mediums to help you decide.

[woven cobalt]

I just started to understand the field of cryptocurrency)

[edgy isle]

Hey everyone, are claimed ILV rewards not showing on V2? I just claimed and I don't see anything for April under vesting. Appreciated.

[gloomy gazelle]

What does etherscan say about the transaction?

Did you previously upgrade your ILV pool?

[sturdy tangle]

when you claim ILV and it goes under the 12month period of vesting does it generate APY according to your current pool or it uses the pure ILV pool to generate yield?

[silent arrow]

ilv pool apr

[sturdy tangle]

during vesting do they attract rev dis?

[silent arrow]

yes

[wet vigil]

What does the EPOCH mean? I gather once the allocated amount of ILV to be distributed has been spent that means the EPOCH ends and a new one begins? How does the amount of ILV in each EPOCH get calculated?

[brisk surge]

Each epoch is a 2 week period. The number of ILV distributed decreses by 3% each epoch.

[wet vigil]

Oh right, so the staking APY will go down each Epoch?

[brisk surge]

Yeah it goes down as each epoch passes as well as when the total volume staked goes up.

[wet vigil]

Do you know how the amount of ILV they are distributing is calculated?

[brisk surge]

Revenue distributions should make up for the staking yield decrease after the game launches

[wet vigil]

You would think it would go up after game is launched due to increased revenue?

[brisk surge]

I forgot what it started at but this epoch is 55,248 ILV. Next will be 3% less so 53.590.

And revenue distributions are separate from the staking yield. Staking yield ends June 2024 and after that its just revenue distribution.

[wet vigil]

Oh I see, thanks for explaining

I take it you will still be able to stake in ILV after 2024, you’ll just be receiving REV distribution

[brisk surge]

Yeah thats the plan. Of course thats a long time away so we will see what happens.

[jolly wadi]

Quick question, y’all- Whats the current APR for single side ILV staking? Somewhere around 12%

?

[carmine agate]

you can see the apr on the staking page

[jolly wadi]

I cant, actually. No ilv in wallet yet

Trying to decide if I want to do it. Just thought id bop in and ask real quick.

[carmine agate]

you just need to connect a wallet to see

[edgy isle]

Etherscan says "Migrate"
Yes, I migrated to V2 a week or two ago, forget exactly. I claimed ok on March 26th, it is there. And was accruing rewards. It set a really low fee for claiming this last one yesterday and I had to do a zero nonce to myself to get it cancelled and then redid with high fee.

[gloomy gazelle]

Cool. Sounds like you worked it out!

[ripe meadow]

why does everyone say to go 50/50 with the investment here?

[gloomy gazelle]

Probably because The yield farming return is over 10x higher than staking ILV only.

https://tenor.com/view/ilv-nfa-taalik-tiktaalik-illuvium-gif-23319446

[ripe meadow]

@carmine agate sorry for asking so many questions but I don't rlly have the time rn to watch so many hours of tutorials.. and frankly I prefer taking the conclusion from ppl who already studied the case❤️😂😂

[ripe meadow]

but I understood that there is a probability to lose some of the income due to the impermanent thing

[gloomy gazelle]

The yield farming return is not lost due to impermanent loss. Only the potential gains in deposit value.

[carmine agate]

nw man
id love to share the good words

[ripe meadow]

I see

[brisk surge]

alright just locked up .8 slp for a year hopefully it went through properly

[gloomy gazelle]

The amount of ILV being distributed as rewards is on a preset curve. But how much of that distribution each staker gets changes based on how many tokens are staked.

[gloomy gazelle]

What does etherscan say?

[brisk surge]

when i go to the metamask part for stake and click to send me to explorer it says success

[gloomy gazelle]

Should be good then.

[ripe meadow]

@carmine agate u think it's better to invest in both of them now right?

[brisk surge]

only cost around 35ish$ to do all the transactions, not bad

[carmine agate]

https://tenor.com/view/wolf-of-wall-street-jordan-belfort-leonardo-di-caprio-one-of-us-jonah-hill-gif-5441859

[brisk surge]

not counting the .05 ilv to transfer off kucoin

[carmine agate]

i invest 100% in SLP
i dnt believe in diversification

[brisk surge]

do rewards show up on vesting after each day, or not until end of each epoch

[ripe meadow]

damn now I gotta swap to SLP

[carmine agate]

tot nfa

in 4 months your deposit breaks even lol

[ripe meadow]

damn I got so many questions.. but I wanna swap already.

So investing in ILV pool or ILV/ETH pool will only affect the revenue. not the coin I will claim right?

I mean I can choose which coin to withdraw (either sILV or ILV) right?
and one will be used in-game only and the other one swapped for eth or whatever...?

[gloomy gazelle]

!staking

[woven ibex]

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

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

[gloomy gazelle]

!lp

[woven ibex]

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

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

See #🔗〕helpful-links for official links.

[gloomy gazelle]

!claim

[woven ibex]

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

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

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

[gloomy gazelle]

Also The second half of this video may still be helpful. The first half is mostly about setting up a working metamask. #🥩〕staking message

[ripe meadow]

I have my metamask done.. I keep investing for a while but this concept is new for me.

Thanks a lot mate!

[carmine agate]

https://tenor.com/view/worldoftomorrow-welcome-gif-4703557

[gloomy gazelle]

No problem. All those @woven ibex commands should cover much of the basics

[ripe meadow]

ok donee. going for 12 months now

[ornate loom]

https://tenor.com/view/wolf-of-wall-street-jordan-belfort-leonardo-di-caprio-one-of-us-jonah-hill-gif-5441859

[ripe meadow]

I saw some ppl upgrading their Staking to v2.. what are the benefits?

[ornate loom]

So stakers from V1 can continue receiving rewards from V2.

[ripe meadow]

I suppose I already am on the V2 as I just invested right?

[ornate loom]

Correct!

[azure jewel]

This has probably been asked hundreds of time but haven’t seen it asked too recently.

Staked and claimed rewards in December. Have about 4 ilv currently locked and continue to stake until it’s unlocked in December this year. Do I claim rewards so it goes from v1 to v2 and if I do does it lock again for another year?

[craggy field]

As of this moment you should not be getting rewards if you have not upgraded your staked tokens. So upgrading is basically mandatory.
But what i see wrong in your question is that your initial stake will not lock up once more for a year. It will still unlock in december regardless of whether you upgrade or claim rewards.
The rewards that you gain from upgrading or claiming will however be locked or vesting for one year.

[azure jewel]

Sorry I should of been a little more clear. I took out what I originally staked from the vested tab and only left in my staked rewards which was a few ilv and that is locked for a year but gotcha. My current rewards that are locked that are currently staking isn’t making any rewards unless I upgrade from v1 to v2 if I’m understanding it correctly

[craggy field]

Yes that is right. And those rewards that are now vesting already wont lock up for another year if you claim additional rewards or upgrade to the new staking version.
So upgrading is the way to go 👍

[worthy pond]

which epoch/fortnight are we at right now?

[regal marten]

https://staking.illuvium.io/

you can see it under emission schedule

[worthy pond]

👍 ty! love the new UI

[cinder escarp]

Shouldn't the claim command be updated so it says Silv2 instead of sILV

[mild ginkgo]

So I have just upgraded from staking v1 to v2 today. I found this amount in the vesting tab with "withdraw" . Does this mean that this amount is not staking anymore? Or is it simply not locked anymore but still yielding rewards? I'm trying to figure out if I needed to withdraw it so I can stake again or should I just leave it there without withdrawing because it is already in staking?

It still say v1 ILV though.

[carmine agate]

sILV is ded

[cinder escarp]

Ye thats why, but the command still says sILV

[quiet hatch]

@wheat grotto do these transactions show up on Etherscan?

[trail karma]

kinda sounds like it might a nonce issue, but thats just a guess

[quiet hatch]

Yeah my best guess would be a nonce issue, or if using a hardware wallet, something not up to date. So transactions are stuck in metamask on pending and never getting approved.

First step would be to check on Etherscan and figure out if they are visible on the blockchain, and if they are actually failed or not.

[wheat grotto]

Hi guys, I’m really struggling to claim rewards. When I click on wallet address, It says pending for a minute, then that changes to failed. If I look at metamask it just says pending but this will continue for hours. Any help will be greatly appreciated

[ornate loom]

Have you tried clearing the browser cache and restarting it?

[wheat grotto]

No, I’ll try that now👍

[wheat grotto]

Just tried and it failed again🤯

[wheat grotto]

No, it says unable to locate this TxnHash

[quiet hatch]

Damn, okay. That means it's not actually leaving metamask/entering the blockchain (mem pool), so at least you're not losing transaction fees on failed transactions!

But I'm also not sure how you can fix it, so I hope you can get it sorted soon!

Edit: Are you using a hardware wallet, e.g. Ledger?

[wheat grotto]

You’re right, at least I’m not paying gas every time. Thanks for your help

[quiet hatch]

Are you using a Ledger hardware wallet? If so I might be able to help (problem would likely be out of date apps on the hardware wallet and/or ledger live app)

[wheat grotto]

No. Just metamask. This is really confusing me, I wish it would just work🤦‍♂️

[quiet hatch]

Without doxxing yourself could you share a screenshot of what the failed transaction looks like on Metamask?

[wheat grotto]

I’ve tried but I can’t share a picture on here

[quiet hatch]

Could you try "reset metamask"? (In the advanced options, it will clear all your transaction history, and potentially reset any problems)

That's all I can think of without more details. Try to reset metamask (make sure you have your seed phrase written down in case something goes wrong, but the reset shouldn't clear that anyway)

Otherwise hopefully an admin will help out soon 🤝

[wheat grotto]

It worked! Thank you all for your help😊

[quiet hatch]

Awesome!!

Happy staking, lucky gas is still very reasonable now too 🙂

[wheat grotto]

It’s about as low as it gets at the moment. Just paid $24😊

[dreamy prairie]

Hey Guys I had a question regarding claiming rewards. So V2 should help to cut the costs of fee everytime that you claim your rewards right?
The reason why I am asking is beacause I just staked on the ETH/ILV Pool with the SLP token and I was checking how much it would cost to claim the rewards but I was surprised to see that it was still $17 with this low GWEI.
Am I missing something? Thanks a lot

[carmine agate]

no, it doesn't

V2 requires less number of transactions

[dreamy prairie]

Ok so just to confirm, claiming fee remains the same but the fees for staking in the pool are lower.
This would make sense as it costed me around $80 to do the whole staking process

[eager bough]

Getting this error when upgrading -

"Cannot read property of undefined (reading 'map')

Any known fixes?

[dreamy pilot]

Hey guys, I signed in today to look at the new staking interface, it seems like I cannot see any of my vests? Anyone else experiencing this? I can still see a total balance, but cannot see unlock dates, and don't have the ability to unlock anything.

[carmine agate]

thats about right
Adding liquidity $30
allow ILV $10
Staking sign off $30

[carmine agate]

try delete cache, update browser, use other browser, reinstall wallet, reboot router, reboot device

if the problem persist please ping a mod

[carmine agate]

is the upgrade successful?

[eager bough]

Thanks Jag, those are all what I told my buddy to try first, will report back!

[dreamy pilot]

I think so, I did it a week ago, and could see my vests at that time, but can no longer see them

[carmine agate]

can you try this?

#🥩〕staking message

[dreamy pilot]

Thanks, seems to have worked

[carmine agate]

i added, reinstall wallet

[brisk surge]

what do I get as reward if I provide liquidity on ILV/ETH? And also can I immediately sell the rewards?

[cunning perch]

Hey. If you stake, you'll get higher APY and more rewards (runs the risk of Impermanent Loss). And no, you can't sell the rewards if you claim ILV. they will be locked for one year after you claim them.

[brisk surge]

I mean LP not staking

[cunning perch]

If you don't stake, you'll get nothing, but will be exposed to Impermanent Loss.

maybe a tiny Sushi reward.

[brisk surge]

ok, but what do I get if I provide liquidity, I mean the yield of the LP is in ETH or ILV?

[autumn cloak]

Sushi offers a very small percentage of all trades to LP providers. Something like .25%

[cunning perch]

Yield = Staking. You have to stake if you want Yield.

and it's ETH + ILV in equal proportions

[brisk surge]

so if I lock for 1 month my SLP (ILV/ETH) on the illuvium website I will get ETH + ILV in equal proportions

[autumn cloak]

No. Arash is talking about providing liquidity. You can claim rewards in the form of locked ILV or unlocked sILV2. No ETH

[cunning perch]

No. you will get rewards which you can claim in form of either ILV or SILV2. If you claim ILV, it will be locked for a year. If you claim sILV2 it will go to your wallet to be used in the game/land sale.

[brisk surge]

clear, thank you very much!

[cunning perch]

[green shell]

Is it possible to see on-chain how much ILV you harvest when you click the claim button?

[median bluff]

I'm sure this is a stupid question that's asked numerous times, but I 100% have to pay gas fees to transition to v2 right? I'm not playing with a lot, so in withdrawing my v1 staking I'm paying over 10% in Gas. I assume I then need to pay gas again to restake into v2? I'm not fully certain what the benefit of v2 is to little guys like me outside of hosing in gas fees

[cinder escarp]

If you upgrade to v2 you get the benefits of staking in v2

And yes you need to pay gas for that

[noble osprey]

What if someone claims rewards more than 12 times per year from deposit with 12 month lock?
How it works on APY?

[gloomy gazelle]

You can use an apy calculator to determine that. The internet has many. Put in the variables that you want.

[gloomy gazelle]

Also… if you go the the staking tab I think you can use a tool that the team setup in the ui.

[junior nacelle]

Hey guys kinda a dumb question... All we need to do in order to continue receiving rewards from a v1 stake is to just update the pools right? Once we update both the ILV and the ILV/ETH pools, and there is no more prompt message in the dashboard asking us to update, that means we are receiving v1 rewards, right? Just want to be sure since I did this but never received any kind of confirmation saying "you are now receiving v1 rewards"... Thanks so much all

[noble osprey]

Do you recommend any staking calculator for v2? I was looking for, but many are not updated now.

[autumn cloak]

Well it is V2 rewards, but yes that’s all you need to do. You should see them coming on your dashboard

[storm wolf]

Hey guys

When land zale?

[carmine agate]

In #🎮〕illuvium-zero muertos

[hot lynx]

working for me ..
gas ⛽️ is increasing ATM

[feral shore]

is there a way to transfer a staked position to another wallet? i heard that was planned to be a feature in staking v2?

@cunning perch sorry for tag but do you know how to wallet transfer my staked ILV?

[cunning perch]

Hey buddy. Unfortunately that feature is not available to those wallets that have a history on V1. Only new wallets that stake directly on V2 ca have that feature.

[feral shore]

ah ok, thanks

[limber stirrup]

wen land

[storm wolf]

ok viva los muertos!

[gloomy gazelle]

Huh. Clearing browser cache usually clears stuff up.

Are you on the right network? Are you using the standard rpc?

[modest flax]

Hello fellow Illuviums.
Wondering if I can transfer/change my wallet connected to staking. I'm currently transitioning to a cold wallet.

[elder dawn]

Not currently. Planned for future staking upgrades. For now the only option is if tokens are unlocked, you can unstake, move, then restake

[modest flax]

Okay. Thanks.

[brisk surge]

Personal question, What amount of ILV rewards pending is enough for you to personally feel it worth pay the gas fee, and claim/vest? Asking as someone looking to maximize yield, obviously

For example, I have just shy of 0.2 ILV pending. Worth it?

[gloomy gazelle]

The idea is the amount you claim should be able to EARN more than the gas fee before your the next time you claim again. Otherwise you are wasting eth on gas, since You could have gotten more ilv tokens more efficiently by buying them with the eth you used for the gas.

[ornate loom]

Personally, at least 1 ILV to claim.

[gloomy gazelle]

Seems low

[brisk surge]

Yeah I'll wait until it's 1 ILV

[gloomy gazelle]

one ILV at $600 earns $0.41 of ILV per day. That 1 ILV will take a very long time to earn the close to $30 for a claim. But if you’ve got eth to spend and don’t want to get $30 of ILV but want $0.41 per day instead then go for it.

[brisk surge]

What I was thinking though, is that when 1 ILV is worth $5000, then I will regret not maximising my yield "back in the past when I was so worried about gas fees", because by then, 20% of an ILV would be worth a grand. And regardless of ILV price, what I'm needing to do is maximise revdis. In the future.

[lucid plinth]

Question for you all out here. what is the lowest gas fee you paid when claiming rewards recently? seems like with gas at 19, I cant get below $40 ... Anyone got it lower than that ?

[gloomy gazelle]

25% apy is ok. But if you want more ILV and have $330 to spend in the next year don’t claim 1 ILV once a month. Buy 0.5 ilv. Claim 10 ilv. You end up with more ILV. And less eth wasted on fees. (I haven’t checked these exact numbers but it feels really close)

[gloomy gazelle]

Your Eth today can be used for fees. Or it can be used to buy ILV. THAT is the question. Which is more efficient

[brisk surge]

Realistically, the price of ILV will not remain $660 for another 12 months

[brisk surge]

This is an excellent point

[gloomy gazelle]

But the yield apy doesn’t go up. Your pending rewards will be yours. Check out lelahels pinned spreadsheet. It can help you decide how much eth you are willing to spend to gain how much ILV by claiming how often.

[brisk surge]

I thought the rewards had to be "claimed" in order to form part of your "balance" which is the basis of your yield calculation. Otherwise it's just sitting in limbo not earning anything?

[gloomy gazelle]

That is correct. But $0.41 per day is so little.

[brisk surge]

I think I'm earning 2% of an illuvium per day

So, I'll get an ILV every 2 months roughly

[gloomy gazelle]

Yeah. But not on the 1 pending ILV. 1 ILV that you pay $30 to claim will after being claimed only earn $0.41 more per day.

[brisk surge]

Ahhhh gotcha

But, in the future, that 0.000001 ILV could add up to a fair bit of monthly revdis 10 years from now? Or still don't worry about it

[gloomy gazelle]

Or… use that $30 today to BUY .05 ILV.

[brisk surge]

Yup good point. Except, got no money

[gloomy gazelle]

Except you can pay to claim every ILV?

[brisk surge]

Actually though, your points are super helpful and insightful, I appreciate it. Yes I've got eth in my ledger.

[gloomy gazelle]

!fees

[knotty river]

Fast: 27 Standard: 26 Slow: 25
Simple ETH TX: $1.92 (0.0006 Ξ)
Token Approval (ERC20): $4.48 (0.0014 Ξ)
Token Transfer (ERC20): $4.16 (0.0013 Ξ)
Uniswap Trades: $10.24 - $17.29 (0.0032 Ξ - 0.0054 Ξ)

[gloomy gazelle]

True maximizing… buy as much ILV as you can between claims. Claim only when your fees paid will be earned back before your next claim. Personally, I don’t buy more ILV. But I don’t waste my eth. When it’s not going to get me that much more ILV.

[ivory prism]

What do you think about claiming sILV2 to sell on uniswap and convert to SLP ?

[gloomy gazelle]

It’s not as efficiency as our once was. It is now an even more lossy process. But the more than 10x higher apr in the eth/ILV pool might eventually make up for that. I really don’t know.

https://tenor.com/view/ilv-nfa-taalik-tiktaalik-illuvium-gif-23319446

[austere creek]

Hi guys, I still havn't upgraded to V2. If I dont upgrade right now will i my missing out on staking rewards?

[coral pike]

yes your stake is making $0 until upgrade as its mandatory to continue earning

[austere creek]

alright cheers mate

[snow hinge]

Thanks. Will the stake continue to generate rewards at the same weight of the originally locked stake (e.g., 1.50)? Or is a lower weight assigned since the stake can now be withdrawn at any time?

[short heart]

I like your thinking & im investing a similar amount of $ in ILV/ETH staked as SLP. I’m earning a small amount of rewards and have calculated it’s not worth it to claim frequently even though it feels like I should claim ASAP to increase my balance staked. Pelican and others have explained it to me, and I think I will claim once every 2 months but need to use that spreadsheet a bit more.
But is this considering the revdis?

So the gas might even out the rewards I’ve claimed but now I have ILV staked, does the revdis earned THEN make it worthwhile? Assuming revdis has commenced

[gloomy gazelle]

When tokens unlock they maintain the same weight.

[snow hinge]

Got it. One quick follow-up. If I have multiple stakes coming unlocked soon, is there any way to withdraw all of them in a single transaction to minimize gas fees?

[gloomy gazelle]

Once revdis starts we will have to look at most numbers again and consider revdis as well. But it won’t outpace yield farming rewards for awhile. At least I don’t think so

[snow hinge]

Understood. Much appreciated!

[gloomy gazelle]

You can.

[short heart]

I think you’re right. For smaller investors such as myself it will be interesting to find that sweet spot of having some rewards staked to earn revdis but not at the expense of wasted ETH for gas that could have been used to buy more ILV

[gloomy gazelle]

Yup Deraji convinced me of this opportunity cost pretty early on.

[short heart]

A lot of smart ppl in this community. Appreciate your support always!

[carmine agate]

imo to optimize gas spending

#🥩〕staking message

[short heart]

I actually already screenshot this when you first posted it lol. You’re one of the smart ppl I was referring to 🙏🏼

[carmine agate]

much appreciated it man. im happy to help

[lyric palm]

For information, today I claimed some staking rewards and gas fees were 16$

[unreal sapphire]

it looks like i didnt rack up any rewards while staking in V1 single while contract was paused? i thought they would be calculated, i just upgraded and current rewards are .000092

[ember ginkgo]

Did you check the vesting tab?

[vocal sigil]

why do i get low slp than the ilv i used to stake it?

[cinder escarp]

Because slp is a combination of ILV and eth

[vocal sigil]

shouldent it be like the same as the ilv when u use same amount in dollar of eth?

[cinder escarp]

I dont understand your question

[vocal sigil]

1.1 ilv + 0.2 eth is 0.45 slp

but when i start to stake now i dont have to upgrade to v2 right? it automaticly does that?

[carmine agate]

new stake doesnt need upgrade, only old staker

[vocal sigil]

👍

if i claim ilv token it will lock for 12 months right? does the claimed ilv token stake itself so u get more ?

[carmine agate]

Yes
very smart contract

[vocal sigil]

sweet 🙂

[fallow leaf]

The same token weight and the same APR?

[carmine agate]

12months staking is weigh 2.0

[fallow leaf]

I know but if the locked period is over and you decide not to lock it, does the compounding reward have the same token weight and APY as when you lock it again? @carmine agate thanks for your help btw haha

[carmine agate]

Yes

[fallow leaf]

So unless unlock of 12 months the token weight is all the same locked for less then 12 months and no lock? Thank you btw

[cyan rampart]

After the lock period ends on a deposit, regardless of whether that deposit was direct or via rewards, it will continue to generate rewards at the same weight until you choose to unlock it or until yield farm ends.

[ivory prism]

thanks for your feedback my friend. I have ongoing conversations about this on my podcast with some other members of the community and it's hard to find that exact sweet spot. Buy more ILV and stake? Buy half ILV and half ETH and stake? Claim your ILV to start vesting for 12 months and increase slightly your yield by paying some gas in ETH? Claim sILV2 and use the quick liquidity to buy some more ILV/ETH? many different scenarios that depend on how much ILV you actually are claiming, with what frecuency, and the gas cost

[fallow leaf]

I see thanks, I have my SLP locked before the V2 upgrade and its still locked for 2 months, after the unlock is it wise to lock it again or it will be the same token weight?

[carmine agate]

100% SLP
Claim ILV, buy sILV2
NFA
imo claim frequency
#🥩〕staking message

[cyan rampart]

It will continue at the same token weight. I wouldn't re-lock unless you want to lock for a higher weight (not sure if you're at 2.0 weight or not).

[coral pike]

I am at 2x weight will unlock in November will just let it sit there till i decides to rescue the eth and go all in in ilv core for revdis -there will be a time where that will make numerical sense

[open flax]

First time staker. I want to stake in ILV/ETH pool, I get that token from Sushi swap correct?And is that token called SLP or SUSHI that I want to buy? Perhaps there is a pinned video that walks me through buying the token to stake in the ILV/ETH pool?

[cyan rampart]

So the token you want to stake in the ILV/ETH pool is called SLP. It stands for Sushi Liquidity Pool token. You get it by going to Sushiswap, and using the Liquidity tab to provide equal parts (by value) of ILV + ETH as liquidity. This will in turn give you SLP tokens. You take those to the Illuvium website and stake them.

[open flax]

Perfect, thanks for clearing that up.

[fallow leaf]

Well I have 1 SLP haha

[civic cypress]

Hey, I'm trying to upgrade my staking to v2 but getting this message.... cannot estimate gas;transaction may fail.... etc

[carmine agate]

increase your limit

[civic cypress]

ok let me try that cheers

[carmine agate]

not a good time to upgrade tho, this morning gas was below 20

[civic cypress]

serious?

[gloomy gazelle]

Try clearing your browser cache and restarting

[civic cypress]

ok thanks

with gas at 94 think I'll just try later

[dawn compass]

hey quick question. Im trying to calculate how much I am going to make off of staking. The apy is calculated based on how much money is staked right?

so like if more people were to stake the apy would go down?

[cyan rampart]

It's based off the value of your stake, yes.

If more people stake, the APY goes down.

The total rewards distributed every 2 weeks decreases by 3% as well.

[dawn compass]

what do you mean by that? and thanks

[cyan rampart]

On the dashboard this is indicated by the Epoch.

So in 3 days, on 14/04/22, we'll start Epoch 21, which just means that the Distributed ILV for Epoch 21 will be (55284 * .97) = 53625 ILV. This results in a decrease in APY as well.

[dawn compass]

oh ok. Does staking end at 3M ilv or at epoch 78?

im just trying to calculate a more realistic longterm apy instead of using like 290%

[cyan rampart]

There's only 3M tokens allocated for YF, which will run out after 3 years total. We still have over 2 years until yield runs out. However, that won't be the end of staking, since revdis is distributed to staked tokens only.

As far as long term average APY over 12 months, it's hard to say, since it depends on many factors. There are calculators in the pinned messages that estimate the approx. growth of value in the pools, but the token unlocks will be a BIG unknown.

[dawn compass]

ok thanks for the help

[crude ibex]

i havent migrated my stake yet to v2. is that an issue? been tuned out to community and just saw there was upgrade

[ember ginkgo]

You aren't generating rewards anymore until you upgrade

[crude ibex]

ok. Thanks.

the migration went well im guessing? no bugs? Easy to do by following prompts on site Im guessing?

[craggy field]

Follow the prompts, pay 1/3d in GWEI as dollar cost and easily be eligible for yield farming rewards once more.

[crude ibex]

it says I have to claim v1 rewards to upgrade? Guess Ill do SILV and hold it for land sale? not interested in a 1 year lock for like half an ILV

[craggy field]

Oh if it is only half an ILV then yeah it wouldnt matter much :)

An ilv token generated less than 0.01 since the start of V2 for me.

[crude ibex]

its like 15 ILV but yea the reward is like 1/2 or something. Anyways, I love this community. I show up every few months with tons of noob questions and yall always help me and help fast. Judging by engagement this project gonna blow huge next 1-2 years

[vestal comet]

Does it not depend about ILV price too? If the price go down apy go up?

[dawn compass]

Have any numbers been provided for how much the apy will decline based on the total amount staked

[gloomy gazelle]

Just percentage based.

[gloomy gazelle]

Not for the ILV only pool. But it does impact the apr in the eth/ILV pool

[dawn compass]

what do you mean by that? @gloomy gazelle

[vestal comet]

Thank you

[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.

[dawn compass]

Thanks sm

[gloomy gazelle]

This is a useful tool #🥩〕staking message

[fair wharf]

Wasnt staking v2 supposed to reduce cost to claim rewards? I feel like its the same? Or am i trippin?

[final steppe]

Hey Fissure-- not every instance of paying a gas fee is going to be cheaper... although I'm no smart contract expert so I'm not sure about the nitty gritty details, per transaction. But as for some of the benefits which lead to us paying less in gas overall....

1. If you have rewards pending in both the ILV pool and ETH/ILV pool, you can now claim rewards from both pools 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 and you would have had to pay a gas fee for each deposit and each batch of rewards that was 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 any pending 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 you are no longer forced to claim your pending rewards and pay additional gas fees.

[fair wharf]

Okay so the update was more for reducing required tx, rather than reducing price of tx. For some reason i thought this would take staking tx off of Eth mainnet and reduce gas price that way

[final steppe]

For the most part, yeah. I do believe the team did some optimization of the individual gas transactions themselves... but that is for those who are fully/newly staked on the V2 protocol. Those of us with our deposits still locked on the V1 contracts, but claiming the rewards on V2 would not see those changes, as far as I know.

As for staking somewhere off of ETH Mainnet, that wouldn't be this particular upgrade. But Aaron has mentioned that he hopes the V3 upgrade will move our staking protocol onto Layer 2 🤞

[calm walrus]

Hi i just staked in silv ,should i upgrade it or its already upgraded?

[gloomy gazelle]

If you made your deposit after the v2 launch you are fine.

[onyx flume]

If i have "Upgrade ILV pool and claim 2.01 sILV2" and a green tick next to it does that mean that I have successfully upgrades ?

upgraded!

[gloomy gazelle]

Do you have those reward ILV in the vesting tab now?

[calm walrus]

Need to upgrade it to v3 in the future?

[gloomy gazelle]

Aaron had hinted at that possibility in his dev blog. But pretty far down the road I think. It’s a layer 2 thing

[median canyon]

At some point for sure, so that things can be even more efficient. But that will be a slow process, probably with a 12 month warning.

[carmine agate]

v3 on IMX is sweet, i can claim everyday

[tawny notch]

Hi there when I am trying to stake it fails

[carmine agate]

gas limit?

[tawny notch]

I was wondering what some of the common causes of this may be?

[carmine agate]

whats the failure message?
usually gas fee changed drastically

[tawny notch]

No set message it is just pending and when it was over an hour I refreshed the site to see and it said failed

Tried a couple times

[carmine agate]

try
delete cache
update browser
reinstall MM

[gloomy gazelle]

So it probably never actually reached the blockchain… so nothing shows on etherscan…

[ember ginkgo]

Before you reinstall MM, you can always do a reset. This clears pending TX.

[tawny notch]

Would I just retry?

[gloomy gazelle]

Did you clear your browser cache?

Is anything pending on etherscan?

[tawny notch]

Thank you it is working now!!

[unkempt rapids]

Hi! Can someone help me? I clicked on the upgrade ILV pool since I am still at V1 , but still MM (execute migration and contract interaction) its been days already.

[gloomy gazelle]

What does etherscan say?

[unkempt rapids]

hi! its says contract interaction (queued) and the other one execute migration ( pending)

[gloomy gazelle]

Etherscan says queued? Or is that what metamask is saying?

[unkempt rapids]

i guess its MM

[gloomy gazelle]

Look at the transaction on the explorer.

Should pull up a link to an etherscan webpage

If it doesn’t then your wallet is not properly sending stuff to the blockchain. And you’ll probably need to reset it. You can google how to do that. Don’t trust any DMs. Mycelo is a scam.

But if it’s pending on etherscan than it’s just waiting to process. And it should work eventually.

You could send my the tx number and I could look

But I’m logging off in like a couple minutes so make it quick.

[unkempt rapids]

alright ok will check it and try...but if still i can't solve it will try to msg you here.

[gloomy gazelle]

Someone will be around eventually. Just don’t trust DMs. Too many imposters.

[unkempt rapids]

ok

[cyan rampart]

Hey let me know whether you have a pending txn on Etherscan, I'll be around for another hour or two.

[onyx flume]

I can see V1 in the vesting tab. Why can't I attach any screen shots?

In OZ so time zones are crazy.

[cunning perch]

If you initially staked on V1, your stake will always be on V1. you are just using the Upgrade now.

[rancid cairn]

hello, where i can read on how to stake?im new on this network btw, i want to transfer my investment on illuvium.

[gloomy gazelle]

!staking Don’t trust DMs. There are many imposters trying to scam. Read the medium post on v2 staking. #🔗〕helpful-links

[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]

This is older but if you are new this might be helpful. #🥩〕staking message

[stoic ridge]

question for claiming staking rewards once they unlock.. with staking v1 the way the code was written many times i'd claim and i got like dust amounts.. when those unlock in future is the contracts written in a way where i'm not screwed trying to claim them? maybe bundle them all

or can i skip over the ones that are litterly not worth the gas to claim, any thoughts on how v2 design works for this @gloomy gazelle

[cinder escarp]

If im correct you can claim multiple at ones and only pay 1 gas fee

[gloomy gazelle]

All unlocked batches in a single pool can be withdrawn in a single transaction

[cinder escarp]

Thats the benefit of v2

[hard saffron]

Hey guys, i have 0.58 slp in the ilv/eth Pool. At the vesting page i can whitdraw it but i have 2 transactions to confirm. Will i be able to sell this or will it restake and be locked?

[old ridge]

Hey any advice on the staking I have tried approving the gas fee using my ledger but nothing happens the transaction just queues?

[gloomy gazelle]

Use ledger/metamask integration.

If you are… then Clear browser cache.

[gloomy gazelle]

Unlocked tokens (SLP or ILV) can be withdrawn to your wallet.

[hard saffron]

Thank you, that's what i was thinking but the second transaction Said something about staking so is wasnt sure haha but thx

[old ridge]

How do you do that ?

Cause I am using MetaMask with my ledger

And I already tried clearing my caches and cookies

[nocturne imp]

how do i see my current ETH/ILV ratio that i have pooled. if i already staked my SLP

[brisk surge]

On your Dashboard?

[radiant knoll]

Do I need to upgrade to V2? Or just keep using V1

[cunning perch]

You must upgrade

[west mortar]

Will it be possible to use staked ILV to purchase land during the sale?

[cyan rampart]

No, ILV is not used as a currency to purchase things, including land.

Have a read through the #❓〕faq , it covers the functionality of each token.

[slow matrix]

If I never “claim” the rewards I’m earning from the SLP pool, can I still earn revdis on those ILV that I have yet to claim? I ask for tax implication purposes

[ember ginkgo]

No, you have to claim them.

[slow matrix]

I guess that would make sense cause until I claim I would have the ability also claim sILV2 as well.

[gloomy gazelle]

The second transaction probably has something to do with claiming pending rewards. I’m not sure without seeing what it says.

[gloomy gazelle]

Sounds like you are already using the metamask integration then. What does etherscan say for your address? Are the new transactions showing up on the blockchain?

[old ridge]

I’ll have to check cause all I see in MetaMask is that it’s pending was there something I was supposed to do before I sent to my ledger cause the dollar amount for my illuvium isn’t showing but it’s on my ledger live app still

[gloomy gazelle]

I’m not sure about the value displaying. But is your ledger set to allow blind signing or whatever it’s called

[old ridge]

Yessir check and check

That’s why I’m like that’s weird why isn’t it working

[gloomy gazelle]

Hmm. The etherscan page should be helpful to checkout

[old ridge]

When I go on my lunch break I’ll check it out and let you know what it says

[hard saffron]

I had a Total of 3800$ on my dashboard, i claimed my eth/ilv reward that were around 1300$ and now in my metamask its only worth a few bucks? Is this a bug or something went wrong?

[gloomy gazelle]

Check the token contracts. #🔗〕helpful-links My guess is you are looking at sILV tokens. Those are useless. The rewards don’t go to your wallet unless claimed as silv2. When claimed as ILV those get put in vesting.

[hard saffron]

I claimed them in silv2 and in my metamask is see slp :0,5

[gloomy gazelle]

Ok. That should be ok then. It’s just that silv2 is not trading at ILV value. But will be accepted at ILV value in the game and sales like land and illuvitars.

It’s possible that your decimals are off or something and not correctly displaying some of the token values.

[cinder escarp]

Isnt 1300 dollar 0.5 slp ish?

[gloomy gazelle]

Sounds possible to me.

!contract let’s check etherscan

[woven ibex]

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

[gloomy gazelle]

Yup. Like dead on.

[cinder escarp]

So thats probably what he sees, its not 0.5 dollar. Just needs to swap his slp i guess

[tidal idol]

Can any admin help me please. I try to upgrade v1 staking to v2 but the error mentioned "unpredicted gas limit "cannot estimate gas fee". I have enough fee to cover it. Plsssss help tired_face

[cyan rampart]

This can usually be solved by clearing your browser's cache, ensuring your browser and wallet are up to date, and restarting your computer. If that doesn't work, you can just manually set a higher gas limit for the transaction.

[azure dagger]

Hi...would like to understand the staking payout for ILV\ETH. if let say i stake $1,000 and select the 1 month with 140% APR, what would my estimate profit payout?

[cyan rampart]

Some quick math will give you a good estimate. We're going to assume the APR will remain static at 140%. In practice, it will likely decrease.

140% APR is the yearly return. The monthly return is 11.67% (140/12). With $1000, you'd get $116.7 worth of rewards in a month.

Gas fees would likely eat a healthy chunk of your profits, I'd either: Stake longer -or- wait until you can stake more. NFA of course, this is just what I'd do.

[azure dagger]

thank you for the provided info

[old ridge]

I checked the page but it says we are unable to locate this txnhash

[gloomy gazelle]

Is there another (older) transaction from your wallet on etherscan that is pending? If there is then that transaction needs cleared first. Either sped up or cancelled. If there is not a pending transaction then it’s definitely a wallet connection problem of some kind.

[brisk surge]

Will staking APR go up whenever we start getting some revenue distribution?

[old ridge]

Yeah there are a few of them there but how do I cancel or speed up when I pull up the window kinda hard to understand what to do

[gloomy gazelle]

The shown APR is only regarding yield farming rewards. Those can be calculated. The revdis will need to use a different sort of calculation. Probably some tool to calculate how much revdis our stakes have gotten in the past week/month/year

[gloomy gazelle]

You’ll want to search for some metamask solutions. Search google for cancel pending metamask transactions

There’s a few metamask zendesk pages that can help you get it done. The wallet reset and the nonce duplication are the cheapest.

[spice narwhal]

is it better to claim my reward in silv2 or ilv? for the upgrade

fyi im planning on using the funds to buy lands when it available

[autumn cloak]

If you are intending on using your rewards on land, sILV2 is probably your best option. ILV can't be spent on land, and it is also locked for a year after claiming it

[spice narwhal]

ok ty fgor the answer

[gritty coral]

hi, i got a staking Q
I only started staking in v2, never staked in v1.
On the rewards part of the staking site, I have some ILV/ETH - ILV pending rewards, I can claim those
I do not think i can withdraw those which is fine, but if i do not claim do they get added to my staked portion, or do i have to claim them and stake them again? As ideally I would like to have my rewards accumulate rewards as well.
thx for any help

[gloomy gazelle]

!claim check this out. Let me know if that didn’t explain it.

[woven ibex]

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

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

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

[gritty coral]

yes that answers it, so you can not claim the ILV and then add eth and create additional SLP tokens and add it to the ILV/ETH SLP pool
the addition to the ILV pool goes automatic?

[gloomy gazelle]

Not until the rewards end the vesting period of 12 months.

[ionic heron]

hi all, its been sometime since i drop back here. has the gas fee drop dramatically for ilv/eth pool when claiming rewards ?

[fresh grail]

Gas fess in general have dropped, but with V2 staking its cheaper to claim too

[gloomy gazelle]

It will also only take one transaction

[lofty kiln]

There is single token staking here right? For ILV?

[fresh grail]

Yes, you can stake single sided with just ILV, but the rewards are lower sitting at 24% APY

[lofty kiln]

I see, but on LP for ETH/ILV what is the reward?

[fresh grail]

APY for the LP is 286% right now and you can claim as either ILV or sILV2 from both pools. Which will then be vested for 1 year

[tidal idol]

Let me try. Thank you

[prisma schooner]

ILV almost hit $2k and silv2 is $200 right now. Id just buy the silv2

[versed coral]

Which hardware wallet is recommended to use actually? I was thinking to get a ledger nano X. Any opinion on that?

[tribal roost]

i use trezor

[fresh grail]

The Nano X works well for me. I use one for cold storage and another for metamask

[craggy field]

Ledger is great!
I found that, if you start off a Ledger Nano S works fine! (As long as you work from the computer) the nano S can be functional on 4 blockchains at once, such as Ethereum, Solana, Bitcoin and many more. Obviously there is a lot of choice but it can only work on 4 at once.

While the S variant only can download 4 blockchain apps, this should be plenty if you are starting out. I only got Eth on my X and have enough space left for 19 more applications haha

So i would recommend buying a Ledger S, and then go for the family pack if it is still on sale. Get 3 nano S for basically 1.5x the price of a Nano X. You will be able to use 1 as your trader wallet, 1 as your cold storage and 1 as potentially a risk managing wallet.
3 ledgers > 1 imo. XD

[versed coral]

Thanks for the thorough response!

To start off, I wanted to make my seed phrase more secure for the wallet which I am currently using to stake ILV. I am currently using Coinbase wallet and I read on the ledger page that it is possible to connect that wallet with ledger. For that scenario, is it enough for me to have only 1 nano S for now?

[craggy field]

Yes a single ledger would be plenty! And a Nano X would overqualify for the job :D i bet you wouldnt want to do a bunch of transactions from that wallet to ensure the safety of your stake, so a ledger S would be a lot cheaper for that task.

I do think the exact way of "securing" your wallet is a little different than what you are thinking.
While you can connect the wallet with a ledger, you should see it as a wallet address being created on the ledger and giving the coinbase wallet access to send transactions to that address.
So for you, you would want to input the seedphrase from the staking-coinbase wallet into the ledger, then re-install the coinbase wallet, creating a new wallet in the process and then connecting your old staking wallet back onto the coinbase wallet through your ledger.

Well it just sounds harder than it is.

1 nano S will be good enough if you just want to secure a single wallet address. That should be the answer you were looking for

[versed coral]

So after I have done all this, I will be at the standpoint where I won’t be having my seed phrase shown within the Coinbase wallet anymore, and I am using the button(?) from the ledger to confirm transactions which I can do for staking/claiming rewards instead of the current way where I click on confirm on my Coinbase wallet from the phone/computer?

[craggy field]

Yes. So you will copy your seed phrase from coinbase wallet and then integrate it on your Ledger.
From there you could go to metamask or any other "bridge" application and indeed confirm transactions through your ledger.

On the coinbase wallet however it also has the seedphrase still. So on that bridge application you can continue to process transactions the way you do now.
So to fix that, you will have to re-install the bridge and lose the seedphrase on your computer. From then on the knly way to sign transactions will be through your ledger.

[versed coral]

Sounds like that’s what I want and need to do then.
Is it possible to reset a ledger so I could try this out first with a small other wallet which I have?

[craggy field]

Yes!

[versed coral]

Great. Thank you very much 👍

[ember ginkgo]

@craggy field legend

[next lodge]

That is nice man!!

[carmine agate]

thank you much appreciated

[obtuse ridge]

Do you maybe have a spreadsheet or a formula used? I'm having trouble getting my calculations right.

[covert sage]

anyone know when the land sale is going to happen?

[cunning perch]

Waiting for the IIP to know when. Hoping the proposal comes this month

[carmine agate]

i do. I just do a simple calculation. I calculated principal yield (deposit * apr) + compunding interest (rewards * ILV Pool apr) - X * gas fee
X = no. of transactions on eth network

[sterile smelt]

From Keiran's tokenomics youtube clip with Andrew, I thought that whenever the vault triggers, then the vault would buy ILV from the market hence create buying pressure to drive up ILV price. How does RevDis works? From the staking page on ILV site, it seems to be a claim function type of mechanics.

[carmine agate]

yes, the vault swap ETH with ILV using the LP on sushi.
the revdis will be rewarded to stakers, and then the stakers can claim them.

[sterile smelt]

And RevDis = 95% of the in-game transactions?

[carmine agate]

plus any other revenue generated by the IP

[sterile smelt]

seems insane.

[carmine agate]

ILV is a keeper

im here for the game. But more importantly im here for revdis. I want to take a glimpse into the future

[obtuse ridge]

What keeps me puzzling, is that the interest gained on the ILV received as reward for the staking of eth/ilv, is even when you don't compound, receiving the 22% APR of the ILV pool, because in the end it is vested for 12 months anyway.

So to make it worth while, the interest that is additional to the 22% received on the ILV rewards, should be more then the costs for compounding it.

But I'm having a hard time figuring out, what that additional interest is, compared to what you normally would receive. it's 22% over the amount you'll claim early, but even if you don't claim you'll receive that 22%
Did you include that somehow in your calculations?

[gloomy gazelle]

I think now that the claiming/vesting transactions for the rewards from ILV pool and eth/ILV pool are done in a single transaction it seems like there is very little (or no) additional cost to claim the little bit of rewards (compounding) from the ILV pool.

[carmine agate]

thats V2

[obtuse ridge]

yes, but even then...it's hard to figure out, what the additional reward is, if you compound the ILV/ETH pool instead of waiting for the pool to end and having the rewards of the vested amount being payed out 12 months after that without compounding.

Every time you claim, it costs for instance $30
The claimed amount is receiving 22% APR from then on, for one year.
But if you do't claim, the rewarded amount is after 12 months also vested and receiving 22% APR from then on, for one year.

It might be that with a very large investment, the additional 22% on the early claimed amount is worth it.
But I'm having doubts if that's the case if like me, you only got $2K invested. The rewards will be $5180 which will receive and additional 22% that's $1139,60 if you don't claim until the end.

Now if you claim half way before the end once, it will cost $30 for instance.
Half way you'll receive $569 - $30 = $539.
You could say, you'll receive 22% over this $539, which is $118 + 22% over the second half of $539, also $118
But if you didn't claim you would have received 22% over 1139,60, which is $250 and that's the same.

Normally when you compound for interest, you'll receive more, because the rewards are reinvested against the same interest as the original rewards and it isn't locked up anyway for 12 months, giving you that interest even if you don't compound. And also most often the gas isn't that high compared to the profit.

Am I missing something? I'm not sure how the APY would be higher on compounding, other then you'll be receiving the rewards faster.

I must be wrong somewhere?

[gloomy gazelle]

Pending rewards do not earn.

Rewards must be claimed/vested for them to be able to start earning.

[cyan rampart]

I think you're approaching this wrong. You're treating time as arbitrary in your example.

If you claim $569 at 60 months, it immediately starts compounding. When you claim again at 12 months, you now have $118 "extra" as pending rewards to claim. When you claim at 12 months, your principal is $118 larger than it would have been if you were to do a single claim at 12 months, because of compounding.

If you do a single claim at 12 months, your principal is $118 less AT the 12 month mark when compared to 2 claims (6 months and 12 months).

So after gas fees (1 extra claim at $30/claim), you're up about $90 over the first year.

I think it's a good exercise to work this stuff out for yourself, but there's a LOT of factors at play. Decreasing APY over time, the potential of revdis on earnings. That's not to say you shouldn't do your best to work it all out for yourself. It's just worth knowing what unknowns are at play.

[dapper moth]

I thought it was supposed to be free to claim silv still 45 bucks in gas?

[ember ginkgo]

Everything you do on the ETH blockchain requires a gas fee on layer 1

[tulip folio]

The only thing that's really "free" about sILV2 is that it doesn't lock for 1 year like ILV, it is instead usable/tradeable instantly

[carmine agate]

same as layer 2

[obtuse ridge]

Thank you for your explanation. Yes, getting the rewards earlier, lets you be up earlier. But how would you calculate the ideal compounding rate that way? Just compound as long as you are getting more then paying?

You would have to take a period of time to measure the ideal compound period to get the most profit.
Normally I wouldn’t compound a over 250% reward into a 22% reward pool; but just compound it back into the 250% pool by splitting it up into eth and ilv. That‘s easier to calulate, but asks for a way longer period due to the vesting times

[slow matrix]

There is a calculator spreadsheet in the pinned messages. #🥩〕staking message

[slow matrix]

There is a page that shows you the optimal rate to claim rewards

[cyan rampart]

It's some kind of optimization problem. I'm sure there's something mathy you can do.

I'd just use the calculators pinned here, personally.

[slow matrix]

You can input your holdings and the current gas rates and the current token prices to see what looks best.

[obtuse ridge]

Thanks, but I'm not seeing how to change the claim interval and what the result then is. Also when I change the date a lot of values dissapear. I think it's a bit to complicated for just figuring out the compound rate. Or it's just me being lost in the complexity of the form LOL

[obtuse ridge]

I did but somehow I still not know what I'm lokking at, and I'm unable to change the date to this year. Then some results completely dissapear. Doing something wrong I guess

[naive ridge]

Is anyone having issues connecting wallet to illuvium website via browser?

[cunning perch]

Not really. make sure you update browser and clear chace

[ember ginkgo]

Seems to work fine for me, please make sure you are connected to the official website.

[naive ridge]

Thanks, however I'm still not able to connect. Is there anything I can try?

[cunning perch]

change the browser as the last resort. Make sure to have your seed phrase. (watch out for DMs and scam websites)

[edgy isle]

Just an update - It took quite a few days for the claimed rewards to show up on vesting. But they do now, so if anyone else is not having them show up (for V2) right away, might just be normal during the transition. Thanks again.

[fallow leaf]

Guys I have 2 ilv right now accumulated so far, and it’s being locked for one year period. If revdis come will I get revdis? And where I can see the 2ilv is accumulating with 20%APY? I can only see my SLP APY daily reward for now. Thank you for your help

[gloomy gazelle]

Have you claimed your pending rewards as ILV?

[fallow leaf]

Well I was accumulating ilv rewards before and after the V2 upgrade it was already claimed automatically so now it’s locked for a year

How have you been @gloomy gazelle !

[gloomy gazelle]

Then it is earning. It’s just slow

[fallow leaf]

Where can you see the earning of 2 ILV? From the ILV pool rewards?

[gloomy gazelle]

Yeah. ILV is in the ILV pool

[brisk sail]

Guys silv will have the same price as ILV? 1:1?

[cunning perch]

sILV2, in ILV ecosystem, yes, Outside of it, no.

[brisk sail]

you mean it will not have a mechanism to ensure their prices stay together right? but in theory they should be the same, is that right?

[brisk surge]

what do I receive as reward If I stake SLP?

[cunning perch]

what ever the priivce of ILV is, sILV2 will have the same price in the ILV ecosystem (the game - land - etc). Outside of it, in the second market, it will never be tied to anything.

[cunning perch]

ILV/sILV2. you choose wheich one you wanna claim. They have different mechansm

[brisk surge]

ILV will be locked for 1 year right?

[brisk sail]

SILV2 will be used to in game trades right? i read the whitepaper a year ago, i'm sorry xD

[cunning perch]

Yep

[cunning perch]

The only currency used in the market will always be ETH. sILV is a secondary, in-game, currency and will be limited to those platforms. (you can also buy land and Illuvatars with it)

[brisk surge]

do I get revdis if I stake the SLP?

[cunning perch]

Yes. but only the ILV part of SLP gets it, not ETH

[vapid gale]

Concerning the revdis trough staked token is this how any play2earn game works?

Is 95% special? It seems absolutly incredicle at first look

[cyan rampart]

The tokenomics of Illuvium are S tier. I haven't seen any other project that comes close.

[main spruce]

All the rewards I have claimed to ilv

And are being vested/ where do I see the interest on those being accrued?

[cyan rampart]

They are staked in the ILV core pool for 12 months at 2.0 weight, so they get the full APR of the ILV core pool. Right now it's about 22%.

[vapid gale]

What means "revenue generated by the IP"?

[cyan rampart]

They accumulate in the same generic "Rewards" pile as your other deposits do.

[cyan rampart]

Any revenue generated by Illuvium IP would include games, movies, merchandise, figurines etc.

Basically anything Illuvium branded.

[vapid gale]

Cool, thank you!

[keen timber]

How often do you guys claim/restake? Or what threshold of built up rewards do you think its worth it to claim/restake?

[tribal roost]

I think everyone will have different answer, but you will have to consider eth gas and how many tokens you are claiming to determine whether its worth for you. I usually claim every other week or so

[gloomy gazelle]

One thing to consider is how long it will take for the tokens you claim to earn back as much value as the cost in eth to claim. 1 ILV when claimed and therefore added to the ILV only pool and earning at the apr displayed on the staking site (around 22% at the moment I think) it will earn $0.43ish per day at current prices.

[keen timber]

Hm yeah thats a good point. So if claiming + staking costs me like $60 gas lets say, then itlll only be worth it if I claim and stake ~$300 worth of ILV at 22% apy

Cuz then I earn the $60 back at the end of the year

[gloomy gazelle]

Even that is way too little.

Why claim it if you could buy $60 of ILV and have more ILV than you started with?

[gloomy gazelle]

I’d say you’d want to be able to earn your gas fees back in no more than 3 months.

[keen timber]

Hm i see

So then for $60 of gas Id have to claim and stake ~$1200 at 22% apy. That gets me $300 for the year which means I earn the gas back in like ~2.5 months

[steady trellis]

If you next claim is more than 2.5 months later, then yes. Because if you plan to clain more often then your benefice can only be counted from now until next claim

Calculator finally updated and usable with V2.
New Dune query to get the blockchain data also updated.

[gloomy gazelle]

Strong work

!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.

[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]

This video is still a good basis for how things work. Even if the ui is different. #🥩〕staking message

Check the pins in here. There’s a bunch of older ones that can help you make some informed decisions.

[copper ridge]

What does ui mean

[gloomy gazelle]

User interface. The website looks different.

[copper ridge]

Best mod in the game!

[gloomy gazelle]

When it’s time check the pin in here from blickter. Third from top I think.

[surreal loom]

Is gas cheaper when claiming now?

[ember ginkgo]

https://tenor.com/view/ouch-hurt-feelings-gif-14073109

[gloomy gazelle]

Sometimes a little. But mostly it save us money by making us do fewer transactions

[gloomy gazelle]

Lol I paid him to say it don’t worry.

[surreal loom]

Roger, I was thinking it was going to be different

Ps; you’re the best mod

[ember ginkgo]

It hurts even more cause it's true

[carmine agate]

https://tenor.com/view/epic-fail-funny-accident-gif-13940451

[versed hearth]

🤣

[ionic heron]

hi all. are we suppose to see a reduction in gas fee when we claim for ilv rewards ? it still seems high to me

[gloomy gazelle]

Sometimes a little. But mostly it save us money by making us do fewer transactions

[ionic heron]

thanks

[manic brook]

You rock bro. I was literally here to have a look for it and see if updated. I imagine that the optimal frequency of claiming has changed with lower claiming costs.

[manic brook]

Do you have a "suggested" optimal approach for claiming? Of course I appreciate NFA, but you might have noticed that every 3 ILV or 10 ILV or whatever seems to work well

[steady trellis]

Amount of ILV don't matter. What matters is how much rewards you get per day. It's not the same claiming 10 ILV every 6 month and claiming 10 ILV every 2 days. You've a pretty useful tools in the sheet that will help. For example i've 10 ILV to claim, get 0.7ILV per day. By not claiming i lost 20$ .... if i wait 5 more days i'll have lost 32$ ..... if I wait 30 days i'll have lost 166$ ...... So honestly, now, with the ILV pool growing, it's less and less interesting to claim quickly .... the coumpoungd effect is very limited now ..... 1 ILV claimed reward you 0.0006 ILV / 0.33$ a day .....

You can change the header of the columns in the dashboard to indicate how many ILV / days you want to simulate .... it should help you decide

[manic brook]

Insightful, thank you. I'm accruing 0.25 per day. So I look at the breakeven for gas fees and then make it work.

[steady trellis]

Be careful not wasting too much in gaz for very limited rewards increase. I'd be more looking of the revdis impact on the claim rythm.... It may be interesting to slow down until we have revdis, and increase the frequency once we have some .....

[knotty heron]

How the heck have you reached octopus status already? We were at the same level at some point! Thats crazy good work, did you purchase more ILV or just purely from yield rewards?

[steady trellis]

Hehe ... from rewards .... but that's ILV + SLP (the ILV part of course) ... havn't bought ILV in some time 🙂 I've another 9 SLP though that i locked for 1 month when v2 released, not sure yet if i lock it for 12 or leave it "flexible" .... not counted in my octopus status hehe .... but yeah, lurking around and waiting for land sale, launch and revdis ....

[manic brook]

Thanks so much, I really appreciate your genius level insights. You add a ton of value to the community.

[manic brook]

Octopus is fire. I'm fish now, hopefully rare fish in 12 months. I hope your 3 year "realistic" prediction is right brother, we all making it!

[knotty heron]

Thats awesome, congrats! Whats your plan for land sale? Going to pick some up or just bask in the revdis glory?

[steady trellis]

Wait not octopus, squid 😂 mistake here, I still need 40 ilv to be octopus 😅 but yeah … I hope so, it’ll all depend if the adoption … very difficult to evaluate … I think we will have to adapt the strategy … if I knew land sale was going to be delayed by 5 months, I would have much more ilv today …. Easy octopus 🥴

@knotty heron yeah I’ll try to get some land, I’m desperate for any news other than delays 😂

[vital sail]

Where are these levels defined?

[cunning perch]

Pinned messages in #💰〕token

[vital sail]

Thanks

[brisk surge]

Someone referred to a "realistic prediction" you've done. Is it a YouTube video? I'd love to check it out

[steady trellis]

Nah… it’s just the numbers I felt, believed in that I used in my dashboard (check the pinned here) it’s all personal and can be changed to accommodate what you have in target. I’m not a moonboi, I like to have a realistic and even negative scenario … that’s all 🙂

[brisk surge]

Ahhh sweet
How do I find it? I'm not good with discord

[true seal]

Hi I am also new to staking and you are talking here about some calculator, which could help me decide when to take my rewards, can you point me to the location of the calculator please?:)

[ember ginkgo]

There should be one in the pinned messages

#🥩〕staking message

[true seal]

thanks

[cinder escarp]

Well you should stake asap, its more when you claim the rewards

[true seal]

asap? I dont think so, because of the gas

lets say the reward is $30 and the gas is also $30, then its definitely not asap 😄

[brisk surge]

Also, what is a squid v octopus v fish etc

[steady trellis]

It’s just a fun stuff talked about last year, just to give a sea animal depending of how many ilv you’ve. The dashboard is calculating it automatically. For fun only and brag about how many ilv you’ve without saying a number 😜

[ember ginkgo]

#💰〕token message

[steady trellis]

Arash and Fraggy are massive whale for example @brisk surge but we’ve no idea how many ILV they are hiding 👀

[brisk surge]

I'm a tiny crab. Haha

[ember ginkgo]

I wish I was 😄

[ornate loom]

Finally graduated from plankton to shrimp after the V2 upgrade 🤩

[brisk surge]

So hey, I'm really wondering about what everyone thinks 1 ILV will earn per month in revdis

Let's say, hypothetically, from the very first revdis, the second, and third

[cinder escarp]

You are referring to claims again, not staking in general

I said stake as soon as possible, but look when to time your claims

[ember ginkgo]

I really have no idea 😄

[brisk surge]

Dang!!! I just bought 12 more ILV, hoping to retire next week. Wen revdis.

[cunning perch]

Whale? lol 🤣 yeah in my dreams. I have to be thankful for not having been eaten by fish in the water haha

[brisk surge]

We all love you here bro

[cunning perch]

[ember ginkgo]

For some reason people think all mods are loaded 😄

[brisk surge]

Just go with it. It makes me feel safer clicking links from you guys

[carmine agate]

https://tenor.com/view/chili-cheese-fries-fries-french-fries-french-fries-day-gif-18423881

[cunning perch]

We are mostly loaded with helpful comments and words but wallets and accounts empty and broke IRL 🤣

[cunning perch]

That is death 💀

[carmine agate]

a little bit of clog wont kill

[ember ginkgo]

You'll probably die after eating that, I'll have 2

[carmine agate]

you should watch mukbang

[ember ginkgo]

I'm not saying I don't trust you but I'm not even going to google that

[carmine agate]

you are going to think about it

and you are going to google mukbang

[steady trellis]

I like fries. But. Yeah. No. No way.

[versed coral]

It arrived now. Setting it up later 👌

[slow matrix]

There is a google sheets calculator in the pinned messages that provides good estimates for possible revdis outputs in the future

[craggy field]

Thats quick! It usually took 3-4 workdays for me o.o did you buy it from Ledger itself or from a third party?

[versed coral]

Bought it from Amazon

[craggy field]

you gotta buy another, from Ledger this time man!
never buy them from third party companies as they could be tampered with

[craggy field]

If you do want to give this one a try, then make sure to check out a video where it explains what should be available in the package. If any of the things is missing, or looks different from what you'd expect, throw it out.

[versed coral]

It was sold by ledger via Amazon and sent by Amazon. And I will be checking the box content

[craggy field]

Personally wouldn't buy it unless you bought it directly from the ledger's site.

[ember ginkgo]

Really be careful with this!

[craggy field]

some people reseal the package but add a seedphrase into the ledger, or on one of the added pages to write down the seedphrase on. If you use the one that they wrote up then you basically have their wallet on your ledger and sending anything there would be sent away directly.
they could also have inserted some kind of bug in the device to read out your seedphrase (Or at least that last one is my paranoia speaking :D)

[carmine agate]

crypto is so scary

[exotic mauve]

hello! I need support. I migrated to staking v2 and the rewards that were built up in v1 all disappeared

[gloomy gazelle]

Check vesting tab.

[exotic mauve]

oh yeah LMAO

[coral pike]

Never buy from any 3rd party Only buy direct from manufacture

[carmine agate]

Jesus solar

we got eyes here

[versed coral]

Ok you’ve made me scared enough now. I will just use this one now to test the process with a new/„fake“ wallet to see how this all works out and then I will return this one and order one from ledger directly. Don’t want to risk anything

[cinder escarp]

Or put your seed phrase in and send it back for the next one to use it👀

[craggy field]

I'm sorry mate! I wish the space was more regulated and you could just trust amazon blindly 🙂 We aren't there just yet though! 🙂 Hope things work out! it's always better to be careful when you trust that entire stake to a new device!

[versed coral]

I don’t have any risk if I try this with a new wallet right? Or can they somehow access my pc content if I connect it?

[craggy field]

Idk, if you think they juggled around with the hardware then anything is possible xD but i'd find that odd. And i don't want to make you as paranoid as me!

[versed coral]

I mean it looks completely sealed off and I will check whether it wants a PIN or if a seed phrase is on it already

[craggy field]

I bet it won't be as horrible as i portray it to be. it could work out fine, and nothing happens. We are just telling you to be careful 🙂

[quaint cradle]

It may or may not be as horrible as you think but if you are entrusting your assets to it, don’t look for trouble and don’t Mickey Mouse around — ORDER DIRECT FROM MANUFACTURER. End of story.

[versed coral]

Yes, I just won’t touch this one and order one from ledger. 👍

[carmine agate]

good call

[coral pike]

https://tenor.com/view/indiana-jones-choose-wisely-templar-gif-14490248

[versed coral]

I have ordered a 3 nano S bundle pack now from ledger my girlfriend also might need one and then I can have one for backup 👌

[verbal heron]

https://gfycat.com/unimportantgargantuanamurstarfish

[kind ravine]

having some issues upgrading - i have been staking since november in ILV / Eth pool. When i click on upgrade it says i have 30 dollar eth fee ( fine ) so i confirm and then i just get the wheel of death ...does it take longer than an hour to process?

[cyan rampart]

Double check if the transaction is viewable on Etherscan.

If it's not, it means that your wallet isn't actually sending the transaction.

That can usually be fixed by clearing your browser cache, updating your browser and wallet, restarting your computer, and trying again.

[elder dawn]

The SLP will take two transactions to upgrade, and mine cost a combined $37 at lower gwei than right now - check your gas settings. If your gas is below network conditions, it won't go through until the gas price drops

[kind ravine]

Copy That - ill double check , but i believe it says viewable on etherscan, and my wallet shows connected to site but ill do the usual cache clear and try again, thanks

[cyan rampart]

If you're using MM, it will have a link to the transaction on Etherscan. You should check it directly, it will always provide the link regardless of whether it's an actual transaction or not.

If the transaction DOES exist on Etherscan (and is pending), it likely means that the gas price is too low.

[kind ravine]

yeah shows pending in MM- ill adjust gas thanks

[manic brook]

@elder dawn just wanted to say thanks again for all of your hard work on the staking calculator. It's a great contribution to the community and helps all of us make better decisions (and get more bullish.) We are lucky to have you.

[elder dawn]

I really appreciate it! Been working on a bigger update and trying to predict pool growth. Hope to have some new things out soon.

[gloomy gazelle]

Pending in Metamask does not necessarily mean it has actually made it to the blockchain. Etherscan.io is the standard place to go to check that. Metamask should have a way to click to view on “explorer”

[boreal cape]

Guys do I need to restake after I upgrade if my tokens r unlocked?

I mean to continue getting rewards?

[gloomy gazelle]

No. Unlocked tokens continue to earn at the same weight they had before they unlocked.

[ashen dust]

Looking forward to the upgrade. I use your calculator all the time. Just playing around with numbers and different scenarios. Trying to see when I can retire and live off of Illuvium 😂

I’m sure a lot of work went into it and just know the community uses it a lot and appreciates your effort.

[brisk surge]

do locked tokens at 2.0 weight also earn that weight on revdis? so youd get double the revdis if 1 year lock?

[cyan rampart]

Weight does apply to revdis, yes.

[brisk surge]

the locked seeds\treasury tokens aren't staked so they are 1.0 weight then right

[cyan rampart]

They are in a pool with 0 weight for YF, but they are at a 2.0 weight for revdis IIRC

[trail iris]

Hey guys if everything goes well and Illuvium has maybe 2+ games out do you think its reasonable to say we could be getting about $15 usd per staked ILV a month in revdis?

[cunning perch]

Anything is possible and depends on tons of variants. But you can join RevDis discussion in #💰〕token

[brisk surge]

In case some of you forget why you are here:

[carmine agate]

$100m rev/month is possible

[trail iris]

So if we factor in the SILV2 claims we need about 250 ILV and living off revidis is possible

[carmine agate]

or you just live off spam

https://tenor.com/view/spam-spam-lite-food-spinning-gif-17955332

[uneven carbon]

250 😳

I’m nowhere near that 😬

[keen ridge]

We know how much silv2 has been claimed?

[cunning perch]

#814313779696238642 message

[eager lynx]

Could someone please confirm how long do we have to move from v1 to v2? I am aware whilst we don't move we are not getting rewards

[cunning perch]

There is no time limit. And yeah, unless you upgrade, you won't get rewards or RevDis

[eager lynx]

Awesome. Thanks

[cinder escarp]

Only 249 more to go

[bright verge]

Rocking same boat🤙

[noble eagle]

Hello guys... Today I transfered my ILV to my address here: https://staking.illuvium.io/ via metamask, and then I tried to start staking. I got an error because I didn't have enough gas.. Then like 3 hours later, all my ILV was gone!!! How do I know if that went to staking or if I was scammed?

[ember ginkgo]

Did you check the vesting tab?

[noble eagle]

Checking...

It says: Looks like you have no vests

I did everything in the site: https://staking.illuvium.io/staking Thats the real one right?? OMG!!

[noble eagle]

It says: Looks like you have no vests
I did everything in the site: https://staking.illuvium.io/staking Thats the real one right?? OMG!!

[brisk surge]

what does your metamask activity show

[noble eagle]

Look: https://etherscan.io/address/0xf84d8a8e4ada8b6aeef0212f25c1261e50b4ef19#tokentxns

[noble eagle]

Mine was 3 hours ago... aprox

Or even better, look at this one: https://etherscan.io/address/0xde7cdf76bdf32d6d74b83a015ea7fc88e675b9ac#tokentxns

[noble eagle]

The first 2 was mine, then the ILV was gone like 3 hours later

[brisk surge]

so it took some time for my slp to show up on vesting

[noble eagle]

Oh maybe thats it.. I hope its because of that!! It was like 500$! 😦

[brisk surge]

but it did show rewards being accrued pretty quickly

[ember ginkgo]

@cyan rampart do you have a moment to help look into this?

[brisk surge]

do you have anything on that part of metamask?

[noble eagle]

My ILV was gone like almost 3 hours ago.. Do you think that should be visible in vesting already?

[brisk surge]

whats your activity show on metamask for the last couple transactions

[noble eagle]

Checking

[noble eagle]

It says somethingn about : Approve ILV spending limit

If I go to the ILV token, I only see 1 item in metamask, that spending limit thing..

[brisk surge]

click on the approve ilv spend limit and go to the link for ethscan

view on block explorer, link what it posts. But if it shows approve you should be good

[noble eagle]

This is the link for that: https://etherscan.io/tx/0x61d4dbfee1025f892655826e8e7162011a755142b1d9464e0d03a3d855c34fdb

[brisk surge]

when you go to rewards on the website, does it show anything that youve earned yet

[noble eagle]

It says: Looks like you have no rewards

[brisk surge]

whats your wallet address

[noble eagle]

Is it normal to have rewards like 3 hours later?

[noble eagle]

This one: 0xde7CdF76BDF32D6D74B83A015eA7fC88E675b9AC

I saw my $500 there in that panel in staking in the beginning, but then it showed zero! 😮

[noble eagle]

ILV Balance zero.. Is that normal when I start staking?? The problem here is that in the beginning when I clicked on stake, and tried to start it, it gave me an error..

[noble eagle]

It did'nt let me do it.. Because of gas I think.

[noble eagle]

But then my ILV dissapeared!! It was almost 1 ILV.. 😦

[brisk surge]

did you lock the ILV at all or kept it flexible

[noble eagle]

Do you mean the duration?

[brisk surge]

ya

[noble eagle]

I put 1 year.. It went on hold because of the gas, then

[noble eagle]

I think it got executed.. Do you think my ILV is safe for now?

[brisk surge]

did you transfer more ETH from one wallet to another at some point?

i dont know what this transaction is 4 minutes after your ILV approve

but it looks liek you are good if you locked it for 1 year

[noble eagle]

Ok first, I transfered like 20$ in ILV, then I transfered like 20$ in ETH,, all that to metamask, then when I saw it working, I transfered the rest of the ILV, that it was like $500..

Then I tried to start the staking, and it gave me an error because of gas I think.. Then 2 or 3 hours later, my ILV dissapeared.. Those are the steps I did mainly.. 🙂

The problem is that I don't see it anywhere.. The only thing I need is like a message in the dashboard or somewhere else that says that I have 1 ILV staking for 1 year..

But everything is in zero.. 😦 Not sure if that's normal, or if I have to wait a lttle more to see it in the dashboard maybe..

[silent arrow]

If it s not anymore on your wallet, look the "vesting" tab on the stacking part of the website.

If it s not there, look your tx on the Blockchain to see if it went through or still pending

[noble eagle]

Is not in vesting.. yet.. But here you can see the transactions.. 2 IN, 1 OUT: https://etherscan.io/address/0xde7cdf76bdf32d6d74b83a015ea7fc88e675b9ac#tokentxns

[noble eagle]

The first for 20$ aprox, then the rest for $500..

[brisk surge]

man i hate to be bearer of bad news but this doesnt look good

[noble eagle]

😦

[brisk surge]

i have no idea what this wallet is 0xf84d8a8e4ada8b6aeef0212f25c1261e50b4ef19 this looks like it has your ilv

[silent arrow]

No worries, that s probably just UI.
nothing can disapear on the Blockchain, when a mod or dev will see it, they will solve it easyly

[noble eagle]

Technically your are right.. But how can I talk to someone in IT to solve this?

[brisk surge]

i feel like your metamask was compromised and some bot cancelled your transaction to stake and then moved the funds to that wallet

but at the same time the transactions show success and went through so i have no idea how to read this lol sorry i tried