🥩〕staking

[short heart]

You will only receive revdis for ILV half of SLP stake

After the token lock we will have a much better idea of the APY/APR of both pools and which is better for total return/yield including revdis

[woeful pendant]

Awesome w/ getting v2 events. I noticed the staker lists is not updated to reflect post v2 deposits.

[civic hemlock]

Got it cool yeah. My SLP unlocks in a few months so was just wondering what the best course of action might be

[short heart]

It’s hard to say. Check out #🎨〕community-content for some great videos/calculators to figure out the best strategy/timeline for you. It sounds like between July-November the ILV pool (including revdis) May become a better return. But for now SLP pool is the best

[civic hemlock]

Thanks for this! I really appreciate it. I will give them a watch

[short heart]

My pleasure! I learnt the same way you did through this community. One of my fave YT creators around ILV token is @potent sable ✨

[potent sable]

Thanks heaps my friend. Yeah just tryna help everyone out

[lament harness]

Maybe if I withdraw, then restake it will update.

[hushed forge]

Is there a way to collect your staking rewards data for tax purposes (in canada in my case). I think we have to pay tax on gains earned per day, not when claimed as a lump sum

wasnt sure if illuvium ever gives a monthly spreadsheet or how that works, I've just been checking and recording my ILV rewards daily

[cyan rampart]

There's not a downloadable spreadsheet with daily gains, no. It's possible there's a software solution that exists somewhere though. For tax purposes it might be sufficient to calculate an average gain over a period (i.e. 10 ILV rewards over 30 days), that's what I've been doing. Definitely consult an accountant to be sure though.

[vestal elm]

Quick question Why error when staking slp?

Ah nvm I figured it out lol

[elder dawn]

@hushed forge Not financial advice, but I would also encourage you to think about when you actually receive the staking value. To me, there is a strong logic that "if you can't sell it, you haven't received it." Vesting ILV may not be income yet, as it has never appeared in your wallet and you have no means of selling them. sILV2 is a different story, as that is immediate value, and I personally consider that immediately taxable income. Again, my NFA interpretation - ILV rewards are more like locked dividends or restricted stock awards. When I receive stock from my company, it doesn't report as income until I can actually do something with it (sell/gift). Make sure when you consult your tax professional, you're clear in explaining how the system works to hopefully avoid/delay taxes until required. Not sure how Canada works, but the ILV system is a bit different than most, so work with your professional.

[hushed forge]

Thank you both very much for your responses. The average gain and vested/locked rewards are good points to consider, I will try to look further online and see how the canada system works exactly.

[runic mason]

If it’s not in your wallet yet, you didn’t earn anything.

Already bad enough countries tax on receiving even though no token has the liquidity for everyone to sell even close to their current price.

[earnest vault]

i've been stuck on a loading screen on the staking site for a while now, the spot where I should be able to press "Stake" after selecting ILV amount and locking period. is there a reason for this?

the smart contract to approve my wallet was completed and I don't think there was anything else I needed to do

maybe it is the smart contract though, cuz there is a loading symbol to the left of my wallet address

ok well im dumb af, just needed to reload the page LOL

guess the site is a bit buggy with firefox

[gloomy gazelle]

Yeah Firefox has some wallet connection issues sometimes.

[winter wasp]

Zapper now displaying only staking v2. The migrated deposit of v1 is not displayed. So still not showing correctly.

[undone forum]

Just bought 5 ILV, staked them all for a year!

[clear jacinth]

is a good price 😄

[undone forum]

Very good!

[rapid tapir]

I’m in contact with the team, will be fixed soon

[grizzled kindle]

what are the fees like to upgrade staking is like 0.01 enough??

[cunning perch]

It varies. It should be a good moment to do the upgrade now that gas is 30 Gwei

[cosmic seal]

I'm a bit confused about staking, v2 etc... The vesting page says I have 1.25 ILV in v1 that I can withdraw. Should I withdraw it and stake again for it to generate rewards?

[final steppe]

Hi Erbe-- if you're seeing this on the vesting page, that would mean that 1.25 is already staked and earning rewards 🙂 So if you want to continue earning rewards, you do not want to withdraw that.

Anything on the Vesting page is either ILV you staked (which will show "Deposit" in the Source column) or they are ILV rewards that you have claimed. The ILV rewards you claim are automatically vested in the ILV Core pool for 12 months, which earns the APR of that pool during that time.

[radiant trout]

What APR did the ILV/ETH pool start with? If anyone remembers way back im curious 🙂

[gloomy gazelle]

I’m pretty sure it was over 3000% for a little while.

[plain gull]

Hey, where does the 50% fuel landmark impact comes from ? We were told it would be something like 10% I think

[steady trellis]

Yeah I know. Can be changed, it’s just my guess because of the new boost given on all lands in the iip. 10% wouldn’t have a big effect so I even feel 50% is low. But this is a unknown.

[proper smelt]

@worn turtle @ember ginkgo I wasn't able to get through to you yesterday, still having some issues on the Illuvium integration in Zapper; either of you available to help me out today?

[worn turtle]

sorry yea

[ripe meadow]

hey folks. what is the best way of buying sILV rn?

[rapid tapir]

Appreciate your work! Could you also add SILV2 to zapper?

[gloomy gazelle]

The token you would want is the new sILV2 token.

There’s a third party pool on uniswap. Be careful.

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[proper smelt]

yep. sILV2 is on my plate too, but I still need some help to figure out staked ILV balances. waiting on a dev here who can lend a hand 🙏

[river light]

v1 ILV: 0x25121eddf746c884dde4619b573a7b10714e2a36 (missing)
v2 ILV: 0x7f5f854ffb6b7701540a00c69c4ab2de2b34291d
v1 ILV/ETH: 0x8b4d8443a0229349a9892d4f7cbe89ef5f843f72 (missing)
v2 ILV/ETH: 0xe98477bDc16126bB0877c6e3882e3Edd72571Cc2

total = v1+v2

[cosmic seal]

thank you!

[hushed forge]

Are ILV rewards from the SLP pool automatically earning rewards, or do I have to claim and then stake them in the ILV pool?

[final steppe]

Hey Nubbin-- rewards that are "pending" are not earning anything additional. You would need to claim the rewards as ILV, and that automatically vests them in the ILV pool and locks them for 12 months, earning the APR of that pool for that vesting period 🙂

[hushed forge]

Awesome thank you 🙂

[proper smelt]

@river light should be resolved now

[gloomy gazelle]

https://tenor.com/view/illuvium-ilv-yield-farming-yield-farm-play2earn-gif-22957489

Way to swoop in and save the day datara

[inner estuary]

Currently on the Illuvium website it states that there at approx 1,657,695 ILV tokens being staked. Does this mean that the revdis will only be awarded to these staked tokens?

[brisk surge]

Thats the number of tokens that are staked for yield farming. Many of the other tokens are staked and eligible for revdis, 1.85m treasury, 1.5m team, and 2m seed and preseed.

7.5m is the figure I see people use for generalizing revdis eligible tokens.

[inner estuary]

That makes sense. Appreciate the clarification

[chilly lodge]

just wanna say that ive been staking since sept last year and i dont regret a thing haha best investment so far

[austere creek]

Hi i havnt upgraded my v1 staking yet. Has my rewards stopped generating until i upgrade to v2?

im also getting a error trying to upgrade to V2 saying "cannot estimate gas; transaction may fail or may require method="estimateGas". Ive got around $75 worth of eth in my wallet and when i upgraded my other account it only cost $20 worth of eth on around the same gwei. Something is not right can someone please help me.

[cunning perch]

You have to upgrade to start receiving rewards

[cunning perch]

Make sure you have upgraded you browser and cleared cache and choose the correct amount of gas. (sometimes changing the browser helps too)

[austere creek]

ok thanks clearing cache worked ty

[still onyx]

hi guys, do i need to claim my staking rewards every now and then??.. or does it accumulate in a period of time??

[mystic thorn]

it will accumulate until you decide to claim. No timeframe

[final steppe]

If you are trying to compound your rewards, then know that rewards that are "pending" are not earning anything additional. If you claim the rewards as ILV, that automatically vests them in the ILV Core pool and locks them for 12 months, earning the APR of that pool for those 12 months.

Like Nix was saying, claim whenever you'd like and just make sure it makes sense to you with the gas fee you have to pay 🙂

[still onyx]

okay.. thanks for the info..

[distant sequoia]

Hello everyone

[copper cloak]

I upgraded both my pools and I seem to be earning rewards on the new staking, but it says my SLP is not locked and able to be withdrawn, would withdraw and restake in v2 for a set period of time give higher APR?

[regal marten]

It sounds like your locking period was finished, which is not a problem. If you do nothing, you should still keep getting rewards at the same weight you had when you locked. Ofcourse you could unstake and stake again with a higher weight, but that is a decision you should think hard a long about.

[copper cloak]

Tyty

[west dagger]

is staking only on eth chain?

[regal marten]

Currently yes, staking is on eth chain only. Land sale will be on eth also, but land will be minted on IMX so trading after that will be zero-fees.

There are plans to bring staking to an L2, but this is still pretty far away.

[ripe meadow]

I currently have 0.67 ILV pending reward.. still haven't decided if it s better to lock them for the next 12 months as ILV or take it out as sILV (I wanna buy some land)

Is it a good strategy to just wait till the land sale and redeem the sILV and buy some other sILV :-??

[autumn cloak]

Kind of depends what kind of funds you already have set aside for land in my opinion. If you don't have anything, I'd probably choose the ILV since there is pretty much zero chance .67 sILV2 would buy a plot of land. I'll tell you my personal strategy and you can do with that what you will: all of my staking rewards are claimed as ILV to generate more yield and to be eligible for revdis. Any sILV2 I want I buy from the open market. Looking at your personal situation, I would probably let my rewards accumulate a bit more before claiming to justify the gas price. I follow the rule of claiming once gas is less than 1% of the amount I am claiming. Anyways, all of this is not financial advice, but hopefully gave you some ideas

[ripe meadow]

hmm.. i see..i m vesting for 17 days now but most probably it wont even hit 1 ilv till the land sale comes.. so i ll decide when the sale comes what to do with that one.. now i ll just go buy some sILV i guess.. Thanks man!

[autumn cloak]

No problem! And when buying sILV2, make sure you are using the correct contract address for it found in #🔗〕helpful-links

[ripe meadow]

17 days actually *

[ripe meadow]

right. thanks man! i ll check a guide on how to buy it first 😄

[brisk surge]

Hi Community! I hope you can give me some help. I've put my ILV tokens into the ILV Pool for staking. The 1 month period has just ended and I do see my pending rewards on my dashboard. However I can't see my original tokens anywhere! Also all my previous earnings that were put into the vesting are now completely gone, my vesting list is showing empty! What do I do wrong? Thanks.

[cunning perch]

If you had staked, upgraded your pools and never withdrawn anything, then everything should be in the vesting tab. (update your browser or change it. Sometimes there are data issues related to browsers)

[rose widget]

I got ETH waiting for a land, still probably going to get more... hoping to get a tier 3

all ILV i am staking is to claim more ILV. I dont care much for the sILV

[jolly otter]

did you know you can get deeply discounted sILV2 on uniswap? That's what I'm doing

[rose widget]

that might be a good strategy also

[jolly otter]

yeah it's almost a 3x increase to the buying power vs using just ETH

[shy shuttle]

Guys! I’m assuming that the March 2022 token unlock has already taken place?

[atomic lagoon]

nope. It has moved to June. you can check the iips.

[hallow sandal]

What might happen after the token unlock?

[cinder escarp]

Chaos

[hallow sandal]

Is the token gonna possibly go up or down?

[sturdy wren]

technically there should be more sellers in the market but who knows whats gonna happen

[cinder escarp]

https://tenor.com/view/illuvium-ilv-yield-farming-yield-farm-play2earn-gif-22827303

[jolly otter]

Down, it always happens, people want to cash out and know they can cash in again after the panic

[tulip folio]

Yes it will possibly go up or down.

The preseeds/seeds in general have stated they believe in the project and have no reason to sell. I believe the largest investor has said their plan is at least 10 years. Keep in mind that retail staking will be 1 year old around the same time, so retail investors will start to be able to sell tokens.

One thing to think about, revdis doesn't care what the price of the token is. If your revdis is $10 per token, you will get $10 worth of ILV. If the price of ILV is low, then you get more ILV. It's long term more beneficial for stakers if the price of the token stays low once game is released and revdis picks up. ILV is not a moonshot that you want to try to play short term. Yes, I think the token will go crazy at a certain point, but the way to get lifechanging money from ILV is to stack as many ILV tokens as you can until the revdis outperforms your own salary.

[iron tendon]

Good morning guys, can anyone solve my doubt? When they talk about the distribution of revenus for those who have ILV in stake, does it also apply to those who have slp staked or only for those who have ILV staked?

[cinder escarp]

You will get revdis over the ILV part of the slp

[iron tendon]

Thx my friend

[opaque coral]

Does anybody know how much it costs to claim the slp pool with around 30 gwei?

[main herald]

Try IT, Dont have to accept the transaction. Gießen 20-30

[final steppe]

What Smell said above. It's most accurate to just begin the transaction because it will show you the estimated gas fee in your wallet. Then if you don't actually want to process that transaction right then, you can just click "Reject" and it will just close out and you don't pay anything 🙂

[opaque coral]

Yes totally makes sense 😅

[shrewd ingot]

So, I have a question about rewards from staking v1. Where I'm at: I want to upgrade to the staking v2 pool, and I understand that doing so will automatically claim my rewards from staking v1. However, gas fees are high rn, so I wouldn't be making much profit from claiming my rewards. My question is: Is there a time limit on claiming my rewards from staking v1? Should I claim them now even with high gas fees in order to avoid losing them? Finally, is there a time limit on upgrading to staking v2? Thank you.

[elder dawn]

I don't believe there is any time limit to upgrade- the only issue is that you're not earning rewards until you upgrade. There is no issue to not claim immediately, especially when gas is high. Those rewards are yours forever, they just aren't claimed yet. I would recommend checking back in about 10-12 hours from now, as gas tends to be low that time of the week.

[shrewd ingot]

thank you!

[thorn quarry]

Hello I’m thinking of getting some ilv and staking, I’m curious as to what I would earn if I started staking? Let’s say 5ilv

[mystic thorn]

Look in the illuvium website and you will be able to see the % APY from staking #🔗〕helpful-links

[thorn quarry]

Thanks nikatar

[craggy field]

Note that the APY drops with a growth factor of 0.97x per two weeks. As more people stake, the rewards are also distributed over more people so the APY decreases further.
Personally i would expect a decrease of 12% in rewards per month. This is relative to the current APY. So in 4 weeks i would expect the APY to drop from say 20% to 17.6%.

[fleet coral]

On the game does sILV2 buy more in game then? Just asking as I'm staking and will be getting the sILV2

[craggy field]

Within the game's ecosphere the value of sILV2 is pegged to ILV. Right now the market value for the token is significantly lower as there is no game yet.

Once the game comes out however, the market price for both tokens will start to become similar :)

[still onyx]

asking if from your experience regarding gas fees, what would be the conservative range that you consider it as a win win in claiming or transacting?? thank you

[fleet coral]

So if I claiming sILV2 I can use for in game purchases?

[craggy field]

Usually gas is lowest during the weekend in the early morning of UTC 0.

I would say check the price on GasHistory over the past week and you will be able to get a grasp of a good time and GWEI to claim :)

[craggy field]

Yes. But since there is no game yet, you would have to hold until there is content. The land sale will likely be the first opportunity for anyone to use sILV2.

[glossy shoal]

So my staking period if up and i am withdrawing 4 SLP how do i then conver this to eth

@cunning perch Hello! My vesting period is over and i did the 2 step withdrawal of SLP. I am trying to convert this back to Eth. Sushiswap does no recongnize the token and its not worth anything but on my etherscan it shows 10k USD

[cunning perch]

Go to Sushi, liquidity, add. Then in the address bar change add to remove. It should be good. You should be able to convert it back to ETH/ILV, whatever amount is left of them

[misty prairie]

Amen.

[inner tendon]

You need to know your pool to be able to remove your liquidity

[silk silo]

If I stake ILV at the power of 2.0 I accumulate staking rewards at 2x what I put in. Dose that mean the revdis is handed out to me at the power of 2.0 too?

[cyan rampart]

Strictly speaking, your 2.0 weight deposit gets double the staking rewards (yield farm and revdis) that a deposit at 1.0 weight gets.

[silk silo]

Thank you

[autumn marsh]

Where to find the legacy in sushiswap??

[cunning perch]

It's been changed. It's under “liquidity” now

[autumn marsh]

Thank you.

[autumn marsh]

SLP only obtainable from sushiswap liquidity pool?? Other dex has them??

[still saddle]

slp means sushi liquidity pool so yeah its from them

[autumn marsh]

Anyone got link/doc that explain staking weight ??? Mine is at 1.08

[cyan rampart]

Weight is relative, and varies from 1.0 to 2.0. A 2.0 weight stake gets double the yield farm rewards and revdis that a 1.0 weight stake would get.

You choose your staking weight with your lock period. A 1 month lock gives a 1.08 weight (1 + 1/12), and a 12 month lock gives a 2.0 weight (1 + 12/12).

[queen forum]

hi, i staked ILV/ETH, imported the SLP token address in metamsk from link here in discord, but it shows 0 SLP. On Illuvium website and connected to same wallet all is correctly displayed however ... any idea anyone ?

[craggy field]

Well if you staked it then it is not on your wallet anymore. So this is supposed to happen :)

[queen forum]

yes, I undestand it's locked, but it's still linked to my wallet address, so I thought it would display there somehow under SLP in my wallet. How does Illuvium keep track than internall ?

[inner tendon]

You have to import your SLP

[queen forum]

it is imported, used token address from #🔗〕helpful-links

[inner tendon]

And did it work?

[elder dawn]

locking removes it from your wallet - it is locked with the staking site staking.illuvium.io - if you go there, connect your wallet, you will see your deposits and your current balance. On the vesting tab you will be able to see how much your deposits (and claims) are, and when they unlock. This is functioning properly.

[queen forum]

ok, got it 🙂

[lucid mural]

I want y’all to throw out some guesses of what SLP pool APR % will be on Aug 1st. I know there’s no way of knowing but I want to hear it.

[fallow leaf]

If i claim SILV right now as rewards, can I change SILV to ETH? If yes, how do I do that? Since i heard LP was not official?

[mystic thorn]

You do it through the uniswap liquidity pool address of Silv2 can be found In #🔗〕helpful-links

[final steppe]

Keep in mind the sILV2 price is only 1:1 with ILV price WITHIN the Illuvium ecosystem (in-game, land sale, illuvitar sale, etc.)

On the open market, sILV2 price will be whatever the market settles at between supply and demand. Since Illuvium has not been launched yet, sILV2 will be trading at a much lower price on the unofficial pools since its true use case isn't active yet. Trade at your own risk.

[fallow leaf]

Thx

[fallow leaf]

I think will go up for when land sale, good risk reward

[calm walrus]

ilv price is dropping

[craggy field]

Lfg!!! Discount before landsale!!

[edgy shadow]

Having issues staking ILV. I connected my Trezor, but when it asks me to approve my wallet and I click on the link it takes me to an error page on Etherscan. Any ideas on when this will be fixed?

[jolly otter]

Damn, anyone looking at these gas fees?

[mystic thorn]

Yes just wait til tomorow

[ruby timber]

Hey guys just want to gather some more experienced opinions before laying down a bigger stake. I see ILV is quite low at the moment (lowest Ive seen whilst trading) and Eth is also looking a bit lower (I have seen it lower but its dropped a decent amount since I first bought it). I have a few thousand dollars to place down and am wondering what the best consensus with how to divy that up is? Better to buy it all up at its current lower price and stake it asap to get the best APY? Or should I try dollar cost averaging over time and risk losing some of the higher APY yields? Also what is the usual ratio needed between ILV/Eth? I still have a little over $300 ETH in my Wallet so gas fees shouldnt be an issue. Thanks in advance legends

[brisk surge]

so if you are long term on ILV you'd want to start earning as much from the yield as possible. That being said, the debate is whether to hold for the next couple months, especially with unlocks to see how that effects price\apy. You can do the calculations to try to see whether earning yield now would outweigh any price drops and accumulation at that price it dropped to.

[spice schooner]

How long are you holding for? Long term? Use the Sushi LP to try and generate more ILV, this is the best play over a few years. For a shorter time horizon just buy and hold the ILV so you can react quickly and take profits.

[ruby timber]

Oh yeah forgot to mention sushi LP max stake long term strategy for sure. Leaning towards staking all of it asap...

[spice schooner]

Lots of people making bearish noises, you might want to wait a bit longer, I buy all the way down however, you never really stop stacking the tokens you love.

[civic oar]

Hello I have a bit of a basic question but I can’t seem to find and answer in the staking site. If I add both eth and ilv into the liquidity pool for staking do I run a risk of liquidation if the price drops as I have seen in other liquidity pools ?

[spice schooner]

#💰〕token message

[midnight shadow]

If you reguarly buy $100 of ILV and ETH at what amount would it make sense to stake SLP when considering gas fees?

[brisk surge]

So the gas fees for me when I did it when gwei was 20ish. It was like 35 dollars for all the transactions

[compact parrot]

Really dumb question but there’s no way to unlock early right?

[cunning perch]

yep

[compact parrot]

Damn I’m like 2k off the bored ape secondary and really need the funds dang unlucky

[cunning perch]

Well, it doesn't have anything to do with luck. Every staker accepts the fact that locked tokens cannot be touched and then locks it as long as they desires. 🙂 It's just running its procedure.

[compact parrot]

I know I just never thought I would have needed the funds. I am unlucky in the sense that I have been holding since $200 and never even thought of selling until now

[cunning perch]

It's ok. Hopefully you'll be ok 🙂

[severe igloo]

Hi little dumb question, if i want to change the adress in which my ILV are staked / revdis is sent / silv2 is rewarded, Can i change it without paying these crazy ETH fees ?
Thanks a lot

The only solution i see is sending the funds to the new adress which is quite inelegant and expansive

[mystic thorn]

If they are locked then you will not be able to change the Address in which they are staked

[brisk surge]

Any news on landsale?

[austere olive]

Finally staked today in the ILV/Eth pool!so excited 🙏🏼🚀

[still saddle]

#📣〕announcements will have official ´news as soon as the audits are finished, stay tuned

[craggy field]

Now make sure you dont touch that wallet until after you unlock for anything unrelated to staking. You wouldnt want to be compromised! Dont trust any DMs either!

[austere olive]

For sure, I plan to claim one a month rewards in ILV , I’ll make sure to open the right links

[glass urchin]

150 mil of revenue 100% distributed to stakers 🤯🤯🤯

[delicate plaza]

Did that 150mil estimate account for potentially have a large amount purchased with sILV2?

[cosmic sinew]

hi team, quick question re staking, I have staked some IVL/ETH - it has rewards that you claim, but what is the best time to claim these? Also do they compound? Any place that has this spelled out?

[elder dawn]

Best time to claim - when gas is low and you have enough rewards to make it worth it - check out my recent articles discussing this (blog linked in my profile). If claimed as ILV, the rewards are placed in the ILV core pool at 2x weight while they vest for a year. That's the "compounding" you would receive. My blog has a lot of details on this, or check out the official Illuvium medium blog.

[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 sILV2 you have it unlocked right away (sILV2 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]

There are some posts on medium regarding staking that you may find interesting. Check the pins in this channel as well. Don’t trust DMs.

[stable linden]

When it comes to land sale ReDivs, do ILV tokens that are "Vesting" count towards receiving ReDivs?

[cyan rampart]

Yeah they do. You're talking about claimed ILV rewards? They are eligible.

[stable linden]

Yep! Perfect thank you

[spice schooner]

That is sensational 🎉

[glass urchin]

Hello the revenue distribution is that locked? And what will it be distributed in?

[ember ginkgo]

!revdis

[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.

[shy pendant]

Will we have to spend gas to claim our revdis or will it go straight to wallet?

[ember ginkgo]

Quite sure we will have to claim them

@cyan rampart can you confirm?

[thick vale]

hi, frens. is there any update on our sILV (not sILV2) but old ones?

[ember ginkgo]

Please don't ask the same question in multiple channels

[cyan rampart]

We haven't seen it in action, but I'm expecting it to look the same as rewards, where revdis accumulates and you claim it when you're ready.

So yes, you would spend gas to claim.

[shy pendant]

OK thanks

[bright salmon]

Check out the last inforgraphic from Infoluvial about Staking

[ripe meadow]

hey guys. what's the best way of buying sILV?

I already have SLP and around 0.8 ilv/sILV to redeem

[mystic thorn]

Through uniswap SiLV2 address can be found in #🔗〕helpful-links

[ripe meadow]

done. thanks

[slow matrix]

Do I need to “claim” my SLP rewards in order to get dev dis from the land sale? And if so does it need to be before the start of the land sale or will there be some other specific date that rev dis gets split accross all the ILV? Thanks

[proper prairie]

Yes, pending rewards do not earn revdis. Once claimed they are vested and earn revdis + apr of the ilv only pool

[slow matrix]

Is there any snapshot date for splitting of the rev dis? Is it like the first of every month or something?

[gloomy gazelle]

No.

At this point the understanding is that when the vault has enough eth the revdis transaction is started by the team and then it all gets distributed into the staker’s pending revdis page

[severe igloo]

Pelican is this definitive that WE will be able to buy our illuvials and resources directly with sILV2 without fees ? Or will Illuvium be extremly expansive in ETH fees ?

[opaque rivet]

Hi, im new here and looking to stake in the ILV/ETH pool.. ive scoured youtube videos on the subject but none of the videos are complete that actually show the claiming rewards process, and can someone please clarify if we have to manually claim rewards every so often or if rewards are automatically claimed and compounding,, and if needing to manually claim rewards what type of ETH gas fees we looking at. is there a sweet spot of how often you guys are claiming rewards so as not to kill your rewards with to much gas fees... im tired of watching these imcomplete youtube videos that don't show the claiming rewards process.... any help and clarification would be much appreciated.
TIA

[ember ginkgo]

!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 sILV2 you have it unlocked right away (sILV2 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.

[dark bear]

The early days of learning how ILV staking worked haha

[ember ginkgo]

That's how you waste ETH on gas

[dark bear]

Was when staking fees were high too LOL

[ember ginkgo]

https://tenor.com/view/sweet-memories-thinking-proud-golden-girls-rose-nylund-gif-22842829

[slender harness]

hi, maybe this is helpful for you
https://www.youtube.com/watch?v=_n-XDMkxYLM

[opaque rivet]

whats the average gas fee when claiming rewards, and is there only one gas fee when claiming rewards, or like some other protocols is there two or three gas fees to claim and restake.... thanks for the help guys

[opaque rivet]

yeah i watch that already, it glossed over the claiming rewards in didn't actually show the process of claiming.... thank you

[cyan rampart]

It's not a ton anymore. Like $30-$50 range depending on the current gwei in my experience. You can get your SLP and ILV only pools claimed in 1 txn now since Staking V2.

I personally claim every 5-8 ILV accumulated or so. It seems like the sweet spot when we're factoring in YF rewards and compounding.

When revdis is live, that number will be lower. By how much it's lower will depend on how impactful revdis is.

The process is pretty easy, you click claim, approve the txn, and that's it. If you took rewards as sILV2, they are in your wallet. If you took rewards as ILV, they start the vesting process, and you can see them in the Vesting tab.

[opaque rivet]

and just to clarify, When when claiming ILV reward from the ILV/ETH pool, and they start the vesting process, is there another gas fee to stake that ILV reward so it compounds in the other ILV pool. or you just let it stay in the vesting section and it is autocompounding automatically ?

[cyan rampart]

The cost for rewards claimed as ILV to be staked is rolled into the one txn, and is not optional. ILV rewards are ALWAYS staked for 12 months in the ILV only pool.

That's true whether the rewards originate from the SLP pool or the ILV only pool.

Ex.

Rewards -> Claim -> Choose ILV -> Staked 12 mo. in ILV only pool. The ILV rewards never make it to your wallet in the process.

[tulip folio]

Oh man I feel this. It feels silly thinking about how you had to claim from each pool with separate $80 transactions. Feels like a different life. Kids nowadays are like "hah I claim all my rewards and it costs me $25"

[dark bear]

All because you decide the next day to ape in more and stake more than the previous day 🤣

[opaque rivet]

So would i be able to occasionally claim SILV reward instead of the preferred ILV rewards, and swap SILV somewhere for ethereum so im using rewards for Eth gas fees ? Most of my ETH is tied up elswhere and don't have access to it. Im just trying to figure out the best way to navigate Illuvium staking and paying these gas fees..... thanks for helping out an Illuvium newbie

[brisk surge]

If youre low on ETH claiming once a month isnt so bad.

[elder dawn]

There is an unofficial pool to swap sILV2 for ETH on Uniswap (use the token contract in #🔗〕helpful-links ), but this will also cost you ETH to swap. Also note, as of now, you'll only get about half the value for sILV2 compared to ILV. In short - get some ETH to be able to do transactions. Depending on how much you're getting in staking rewards, other ways like this can cost you even more in ETH.

[elder dawn]

I'm also with Blickter on this - number of claimable rewards is more important than time. I'm against strategies that claim every week or month, etc. I'm also slightly more conservative that him - I wait until around 10 ILV available, then look for cheap gas. The lost compounding isn't that significant.

[cyan rampart]

I still have a streak of moonboi in me 😉

[elder dawn]

I'm still just cheap - I cringe at ETH network fees. I was losing my mind with the $APE fiasco this weekend.

[cyan rampart]

Haha yeah, I was helping some fam move so I missed it, had to catch up later. How bad did it get? I heard $100M or so burned, musta been close to 5 digit gwei.

[elder dawn]

Topped just under 8k gwei, i believe. that, plus failed transactions - its just so much wasted value to miners and burn versus translating into the project. thankfully, i was just a spectator.

[rose widget]

damn, 10 ILV reward is a lot. I consider myself a heavy investor in Illuvium and man... i am nowhere near to 10 ILV reward on my staking, maybe because i am staked at the ILV pool, not the ILV/ETH one

i have a bunch of ILV to stake at the moment, trying to figure out what to do. The Brazillian exchange only allows me toi send 2 ilv per day to my wallet, so i am waiting to get all the tokens i bought in and make a new stake.

[elder dawn]

Yeah, SLP is very different from ILV in terms of rewards. The other big factor is when people got in and how much they invested. I did an assessment back in November that breaks down where people rank in terms of size of staking. The most common amount was 1 ILV staked, with a median of 4 ILV, and median in the SLP of 1.64, so most will never see 10 ILV total. The big thing for me is the value of compounding, or how much your claimed ILV will earn in the ILV pool. Right now, 1 ILV claimed is worth about $0.26 in daily compounding rewards, so it will take nearly 5 months (by my math) to earn back a $30 transaction fee.

[rose widget]

all my ILV is staked on a 1 year locked pool, and now i have a bunch more to make a new stake (probably another 1 year stake).
A question? silv will also be usable in game, right? it will be considered 1:1 to ILV to buy fuel etc? So, if I get a whole bunch of sILV now, i can use it to buy land and hold the rest to use in game, right?

we just send that silv to the immutablex Illuvium marketplace once its up and running?

[elder dawn]

yes - just make sure its sILV2. If you got from claiming, great, you just need to swap it for the new token. The only other factor to consider is the price of ILV over time and the overall market. Everything you say is correct - sILV2 is to be used in-game to buy fuel or other transactions with the DAO.

[rose widget]

i never claimed the old token, just claimed all in ILV so far

but I am about to swap my eth to silv

just in doubt about the price atm. 245 dollars. someone said earlier today it was below 200 or something. im keeping an eye out for now

[opaque rivet]

@elder dawn interesting on your assessment from November. Im looking to stake what your Median # was with 4 ILV w/ equivilent ETH in the ILV/ETH pool. so you are saying i would most like never get anywhere close to 10 ILV total rewards in the 12 months its locked up. but seems like you are also saying that the compounding factor isn't providing much in rewards to claim until i have significant rewards to justify the gas... Do you still have the approximate math for the 4 ILV median, because thats what ill be doing as well

[cyan rampart]

APR drops over time as more ILV enters the pool. Current APR is just shy of 20% and can be expected to continue dropping as claimed ILV rewards enter the pool and seed/preseed/team tokens start unlocking.

If you assume a 10% average APR (probably higher than the average over the next year will actually be, and NFA), and you stake 4 ILV for a year with a 12 month lock, you'd have .4 ILV at the end of that year. Compounding wouldn't change that figure much.

[elder dawn]

I'm just finishing up an article on this and an update on my staking calculator. It should be up on Infoluvial.io in the next day or so. If you trust my (NFA) modeling of the pool with some big hypotheses on where unlocked tokens go, my prediction is a 4 ILV stake at 2x weight will earn 0.28 ILV rewards in the next year. This works out to an average APR for the next year of 7%. (this is just yield farming - revdis would be in addition to this)

[opaque rivet]

But im actually going to be doing the ILV/ETH pool with the 230% APR not the ILV only pool.. I have 4 ILV and I will be adding the equivilent amount of ETH to the 4 ILV....

[brisk surge]

This is the way. You should expect almost .05 daily from that SLP stake.

[elder dawn]

ah - the SLP is a different story- if you have 4 ILV and pair with an equal amount of ETH, right now this would be 1.59 SLP, which if locked for 12 months, my model puts at 9.75 ILV rewards in a year.

[brisk surge]

I'm getting .03 with .78 slp

[opaque rivet]

I'll definitely check that out when its available. thanks guys. this is great info

[gloomy gazelle]

!imx The game when launched will be on IMX. The goal is to have future sales running on IMX layer2 so that would do a lot to reduce eth fees.

[woven ibex]

Illuvium uses Immutable X as a layer 2 solution. This means that you won’t be charged network gas fees for minting and trading and instead only need to transfer funds between the Ethereum Mainnet and Immutable X. This keeps the player's cost of doing business low, maximizing potential gain. For more information about Immutable X check out:

#🔗〕helpful-links message

[rose widget]

when the 1 year period is over, your ilv/eth sushi pool ends and you get your ilv and ethereum back to your wallet?

[gloomy gazelle]

You would need to do a WITHDRAWAL transaction once it is unlocked. If you leave it staked it keeps earning.

[rose widget]

ok

[gloomy gazelle]

!claim rewards work as described below

[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 sILV2 you have it unlocked right away (sILV2 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.

[rose widget]

man, a scammer with your name just sent me a friend request. What you want me to do?
pelican22 | IIIuvimod#5130 was the name

[gloomy gazelle]

!scam report them... I think thats the mycelo scammer that multi accounts and that one is already banned but we can check...

[woven ibex]

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

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

[spice schooner]

This is how you win 🤙

[covert sage]

Any updates on the land sale?

[brisk surge]

The proposal with pricing passed. See #📰〕governance-news

Date will be announced this week. See #📣〕announcements

[cosmic sinew]

Do you get a discord role for staking?

[brisk surge]

no

[autumn marsh]

If only discord implement unique names for each server. Thus preventing this silly kind of scam.

[half halo]

I'm confused. I've been staking in the ILV/ETH pool with SLP since v1 but sushiswap says I have no positions in the pool

[final steppe]

Sushi won't show your positions since the SLP tokens are not in your wallet.
The SLP is currently in the staking smart contract

[half halo]

Ah I see. That makes sense. Thank you

[modern talon]

If stake now Im in V2, right?

Another question, any where we can stake sLIV2?

[final steppe]

Depositing tokens now into the Staking protocol would be a stake on V2, yes 🙂

[final steppe]

Nooope-- no staking available for sILV2.
ILV is what gives access to yield farming and revenue distributions through staking.

[modern talon]

thanks! so sLIV2 will be sLIV2 forever, no plan to convert them to ILV in future?

[final steppe]

Yeah, sILV2 has its own use case so it's there as sILV2 until the owner spends it, pretty much. Once sILV2 is spent, it is burnt and gone!

That said, sILV2 is an ERC20 token so it can still be traded like any other ERC20 token. An unofficial pool was seeded on Uniswap which means sILV2 can be swapped for other tokens.... but don't expect it to be worth the same price as ILV.

[wind peak]

Any link on the tokeconomics and emissions of ILV and sILV2?

[brisk surge]

#🔗〕helpful-links

[wind peak]

Thank you

[gloomy gazelle]

There are defense bots that this server is using that help fight this. But even though that user was banned they can still try to add anyone as a friend. So weird.

[austere creek]

hi can anyone tell me the contract address for sILV so i can add it to my metamask

[final steppe]

Responded to this in #❓❗〕community-help 👍

[austere creek]

ok ty

[iron pebble]

So... the only way to get all of your staked tokens is by claiming the "final" reward as sILV, right? Otherwise it keeps locking for a year?

[elder dawn]

Or wait until yield farming ends mid 2024.

[gloomy gazelle]

Correct. Or as deraji says.

[iron pebble]

Ty

[versed coral]

So if I didn’t claim any rewards until end of farming, the rewards would automatically be unlocked and not vested for a year as ILV?

[gloomy gazelle]

No. They just wouldn’t earn any more from yield farming.

[versed coral]

So there is always a 1 year vesting period regardless of whether the yield farming is over ?

[gloomy gazelle]

Yes.

It’ll still be staked and able to earn revdis. So that’s not a problem really.

[versed coral]

Yes. That’s true. Unlocked deposits/rewards can just stay like they are to earn rewards/revDis without the need of restaking them?

[gloomy gazelle]

Also true.

[versed coral]

Unless revDis becomes so profitable that it makes more sense to split SLPs and use the eth to have more ILV

[tender pawn]

So if I invest 1000$ and stake it for 1 year I can calculate my earnings with:

1000*x^12

x = APY / 12

[turbid drift]

Am I right in saying theres less than 2million ILV staked just now over both pools?

[proper prairie]

yes, its about 1.915 mio ILV

just took the market value of the staking page divided by the current ILV price

[turbid drift]

So if we make 300mil from this land sale we’d get roughly $157 per ILV staked in revdis?

[proper prairie]

no, there are more ILV tokens that are not staked for yield farming, but still eligable for revdis, i think its roughly 7.5 mio ILV eligable for revdis

so for 300mil each revid would earm aprox 40$ revdis

[turbid drift]

Ahh okay! Thanks

[proper prairie]

yes i have to be staked, but there are tokens that are not staked for yield but still earn revids (treasury and management tokens f.e.) so the total amount of revdis eligable tokens is roughly 7.5 mio if i remember corretly

[midnight shadow]

When do you have to be staked by to recieve revdis from the landsale?

[proper prairie]

maybe this grafic helps *please note that unissued YF is much less now since the grafic is old

[spice schooner]

That's a really good question, there must be regular snapshots.

[mighty rover]

I'd like to know about this as well.

[proper prairie]

is it like this? so actualy the revdis from landsale will only be splittet among thos 2mio tokens that are staked now? and the actual management and team and seed investors have nothing of the landsale since their tokens will not unlock early enough to be staked? i cant imagine this but i might be wrong

[cunning perch]

Any tokens that are staked + Seed/Pre-seed/Team/Treasury will receive RevDis. All are considered staked until withdrawn from the platform.

yeah they are considered staked. That's why they get RevDis, but no Yield. Their staking is different than the community staking in the core pools. They are in a different pool. Their weights are also the same.

It's ok 🙂

Yeah ofc. Anyone withdrawing will be excluded from RevDis, whether seed/community. That's why Token numbers matter. The more ppl exit and sell, the more RevDis for those who are staked.

[rose widget]

I need help with staking. Trying to understand what is happening to my locked stakes. I did the steps to upgrade the ILV pool v1 to v2, thats why it shows a recent locked stake on the bottom with the rewards i had to claim. But what about those v1 stakes? why didint they change? I dont see an option to upgrade anything else.

[craggy field]

They are V1 which mean they were claimed in V1 or staked in V1. They will function fine without you looking after them 👍

[rose widget]

you sure there is nothing else i have to do? Its all right?

[gloomy gazelle]

doesn’t ^ mean you are using 12 as an exponent? Because that doesn’t calculate properly if so. Makes things crazy. It doesn’t get multiplied by itself by a factor of 12.

The APR for the rewards is variable so I never really shoot for a super accurate long term understanding of compounding apy long term. I just figure how much is earn in 1 day at the current rate. And recalculate the next time I claim rewards or see the apr rate change.

($1000*apr)/365

It’s important to note that the claimed rewards from the eth/ILV pool don’t get compounded back into the eth/ILV pool but get locked and earning in the ILV only pool at the ILV only pool APR rate.

[gloomy gazelle]

Yeah it’s fine

[tender pawn]

Thanks

[glossy peak]

Is there any calculator that helps with the frequency of claiming rewards etc?

[elder dawn]

Check out my articles (blog link in profile) - i did an assessment recently and try to model what will happen with the ILV pool to predict future value. Its up to you how often you want to claim relative to gas fees. Right now, 1 ILV claimed would generate about $0.26 in compounding value daily and this generally goes down over time. Up to you how much you want to put towards transaction fees. The tiny URL (Dashboard tab, cell B7) in my profile has a simple calculator - put in your number of pending rewards and it will tell you how many days until a $30 transaction fee is paid back.

[glossy peak]

Cheers

[vivid ruin]

thanks, really well made dashboard!

I'm pretty sure you are a data analist/scientist..

[elder dawn]

i prefer professional nerd.

[hushed forge]

Do you earn any revenue distributions from the SLP pool? Or only from the ILV pool?

[elder dawn]

You get revdis from the ILV portion of your SLP staked. Right now 2.53 ILV per SLP token

[hushed forge]

Thank you 🙂

[eternal carbon]

how do i stake in the Lp

[worn turtle]

!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.

[tulip folio]

Was just daydreaming while finishing up my work day. You know what's going to be crazy? When you claim your revdis for a whole month and you're sad it's only 1 ILV, but then you go to swap it in the LP and you get back 1 ETH and you're like "hmm not bad" then you send to your exchange and sell it for $10,000 and pay your bills.

[brisk surge]

Hey all! Any recommendations for an app or an alert system that tells me when ETH gas prices are low so I can stake the rest of my ILV without emptying out my eth balance! I'm in Australia. Android.

[brisk surge]

1 ILV a month??? You must be so me sort of whale hahaha..... 40 ILV?

[fiery spire]

What a beautiful dream

I wouldn't mind

[tulip folio]

nice try Mr. Nigerian prince crypto scammer, I ain't gonna fall for that

I am a very humble crypto newbie with a mere 0.00000001 ILV to my name

[brisk surge]

Hahha nooooo. I'm gonna get a bad reputation on here now. Sorry

[steady hill]

Hey y'all, does anyone know; where is the breakdown of staking vs land ownership benefits? Is there somewhere I can see this?

My main question is, is there any staking feature for land plots?

[brisk surge]

My initial question got buried, does anyone have a suggestion for a gas price alert app or something, so I can stake my rewards without emptying out my eth balance

[brisk surge]

@elder dawn and the ILV-Fi channel has some awesome vids. Also the infoluvial

[cyan rampart]

There are gas alert apps you can find with a Google search. I won't endorse any of them personally. It's usually sufficient for me to watch the GasTracker in Discord and double check on Etherscan.

[brisk surge]

Ooh didn't know there was one on here. Awesome, will check it out

Ok next question from a silly girl - is there a way to get alerts for gas prices in USD as opposed to GWEI? This stuff really spins me out

And yes, have googled, but I suspect I'm too blind to find what I'm looking for.

[cyan rampart]

You have to know how much gas your expected transaction will use for something like that to make sense. Etherscan's gas tracker has approximate USD gas costs for common transactions.

https://etherscan.io/gastracker

[brisk surge]

Ahh ok yes, executing a smart contract apparently costs more gas. Ok, starting to make more sense now. Cheers for the link

[cyan rampart]

Definitely, the most basic transactions are things like approvals and token transfers, anything like staking etc. will cost a fair bit more.

More complexity = more space used in a block = more cost.

[brisk surge]

I learn something new every day in this space. Cheers brother

[wind peak]

Guys I check the Docs but I couldn’t find anything about token emissions. Can someone please point me in the right direction?

[cyan rampart]

Check the pins in #💰〕token , Scott has done a breakdown of token unlocks. If you're referring specifically to yield farm rewards, they decay by 3% every 2 weeks.

You can also check out: https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be

[wind peak]

Appreciate it!

[ruby lily]

helping someone new stake in ilv/eth pool for the first time, what do yall recommend as minimum to make the sushi gas fees and staking gas fees worth?

[elder dawn]

Thanks @brisk surge ! @steady hill -i've written a lot on benefits of staking - and you can check out some of my articles (all on Infoluvial now 🙂 ). As for the "is there any staking feature for land plots?" no, there isn't, but there is value generated by selling resources. There's a new guide on infoluvial (go to infoluvial.io, then Illuvium zero guides), which shares how lands generate value.

[elder dawn]

I haven't staked since V2, so I'm not sure the current fees. @ripe steppe put together this sheet a while back (link below), though I'm not sure its updated for V2. If this helps, $1000 in the SLP today generates about $6.85 in daily rewards, though rewards decrease over time and it will vary with value of ILV. I would still expect total fees to get ILV, pool on Sushi, then stake on illuvium.io to be a couple $100 even at reasonable gas. Its up to your friend what percent they are comfortable with in fees, and what they are comfortable investing. Back in V1, I would have said $2000ish personally as my minimum to make it worth it, so it's likely lower than that today, but will vary by person. #🥩〕staking message

[ripe steppe]

sheet is outdated, i will be updating it soon, havent gotten around to it

[spice schooner]

This is how you win...🤙

[crystal notch]

gday fellas, I'm about to SushiSwap ETH for 5 ILV and then stake it... am I doing this right?

[spice schooner]

Add Liquidity, then stake the tokens you receive that represent that liquidity.

[crystal notch]

you mean go into ETH/SILV2 instead of ILV?

[spice schooner]

No, when you add ILV/ETH you receive LP tokens, you then stake those tokens.

[crystal notch]

I was just going to buy ILV and stake that... going in the LP better?

[spice schooner]

How long are you holding for?

[crystal notch]

no limit atm

[spice schooner]

I personally would put half into ETH and stake on the SLP, you generate more ILV which will earn RevDis as it's vesting.

Others prefer to stay in the native token, it's personal preference really.

[crystal notch]

I mean theres a bit of risk with the SLP right?

[spice schooner]

Number go down, ILV and ETH go down. Number go up, both go up + staking rewards. I suppose there's more risk but I don't see it that way, the APR is excellent.

[crystal notch]

Impermanent Loss or something?

[spice schooner]

It's a fancy term for number go down, yes. It's to do with the deterioration of your principal over time, however the APR makes up for that. First fully understand how it all works before you jump in so there are no surprises if this bearish trend continues 👍

[crystal notch]

thanks ser

[spice schooner]

My pleasure, you'll do great either way.

[crystal notch]

so first I need to swap my ETH to ILV and then swap both for SLP.... damn so many gas fees 😦

[spice schooner]

Gas is normally better between 3pm and 6pm AEST, you could wait until then.

[gloomy gazelle]

Just wait until the weekend. It’s the best then. And unless you are staking over like $10k you aren’t gonna earn enough in the next few days to make staking today versus staking on the weekend worth it.

[gloomy gazelle]

Lots of fees true. But the Apr is currently over 10x higher.

[nova brook]

If I want to invest with $1000, seems I have to go ilv from what im reading right?

too many expenses to get 1 slp token?

[gloomy gazelle]

You don’t need to get 1 SLP token. Get $1000 worth of SLP. It probably would be worth it. It’ll take longer to overcome the fees maybe. But the Apr is way higher.

[nova brook]

Okay, just sent 1000 to my coinbase in ethereum, next step is sushi trader and purchasing 1000 worth of slp?

[gloomy gazelle]

$1000 of ILV in ILV only pool makes just over $0.52 per day.
$1000 in the eth/ILV pool makes over $6 per day.

[gloomy gazelle]

!lp no it’s more complex than that

[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.

[nova brook]

Sorry, just found illuv today and first time investing in crypto

[gloomy gazelle]

This video is older but still accurate enough to get an understanding #🥩〕staking message

[nova brook]

watching now

[gloomy gazelle]

Exciting. Just don’t trust ANY DMs.

I won’t dm you. But I will be impersonated.

!scam

[woven ibex]

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

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

[nova brook]

Damn I screwed up lol, moved the money into coinbase instead of metamask and now unsure on how to proceed. says I need 15 days to do anything with coinbase while it waits for the funds

[gloomy gazelle]

That’s ok. It’s just how it goes with exchanges like Coinbase. Turning fiat into crypto can take awhile sometimes. Especially if it’s your first time.

[versed coral]

The APR will go down significantly starting on June 30 if the unlocked tokens are being staked right? So even more than those few percent every fortnight

[warm knoll]

well i m mostly using coin base for that fiat > crypto. And damn the fee hurt in the end when you sum up all the exchange you did 😅

[stoic compass]

How often do I have to pay gas fees for cashing out my locked SPS? 1x for claiming the rewards, 2x for swapping ILV to ETH?

[prime plume]

Thanks for your articles and calculators. Much appreciated.

[pastel depot]

Sorry noob question here, what are the pros/cons of claiming reward in ilv vs silv2? silv2 you can use in game and buy land? But can you ever convert silv2 back to ilv to sell? Or it’s in-game currency only and locked?

[ember ginkgo]

!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 sILV2 you have it unlocked right away (sILV2 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.

[pastel depot]

Ah nice one cheers mate!

[soft lagoon]

sILV2 you get immediately, and ILV you have to lock for 1 year
staked ILV gives out revdis
sILV2 can be used in-game, and in land sale

[livid gull]

will you earn revdis for the ILV locked in SLP tokens?

[soft lagoon]

yeah, just the ILV part though

[tame prairie]

🥩

[echo ember]

go for it!

[echo ember]

you can't cash out if it is locked

[stoic compass]

It got free this week. Never should have locked it though. Happy I only locked about a third of my ILV and not all.

[cosmic cape]

hi guys, is there a minimum amount of ILV to place in staking? i just want to try and understand the whole process without mistakes

[crystal notch]

nearly there. converted some ILV. now have to get SLP tokens... bit of learning. would go quicker if I wasn't waiting for low gas fees. bloody etherium

[echo ember]

there is no minimum but you should check gas fees to make it worthy

[cosmic cape]

thats a good point, thx

[echo ember]

@cosmic cape APR is currently 19.5% so if you are planning to stake for one year (and assuming that you pay something like 50$ of fees in total to stake and unstake) you will need to stake something like 250$ worth of ILV just to break even

[elder dawn]

You would need more than $250 or stake longer to break even, not counting revdis. APR drops over time, and I'm predicting an average of ~7% from yield farming over the next year

[gloomy gazelle]

Probably

[echo ember]

true, I was just providing a very simplified illustration. I believe some community members created a very detailed spreadsheet that everyone can use to calculate returns

it's probably pinned somewhere

[gloomy gazelle]

Deraji helped make it. He knows

[swift flame]

Does anyone have an idea why i can't withdraw from staking i tried now for one month to take.my rewards out. Trird chrome, brave, microsoft edge, opera none work

[echo ember]

there is a 12 month vesting period for all rewards

[swift flame]

Tried on pc, mac and android with no luck

Even flexible rewards? I mean i got a message i should withdraw the rewards something to do with v1 and 2

[echo ember]

yes, for all rewards. You can decide if you want to lock your stacking or not but all rewards are locked for 12 months.

Anyway, what you are talking about it the upgrade from staking v1 to v2 - you can find all info here #📣〕announcements message

[swift flame]

It says to claim my rewards from staking v1 so i can upgrade to v2 but its the same that round thing spinning forever

[brisk surge]

Do you have a pending transaction on your wallet?

[swift flame]

Well i tried for the last month to do withdrawl

[brisk surge]

If you have an existing pending transaction that needs to be cancelled before you can start a new one.

You can put your wallet address into etherscan and it'll show you any pending transactions you might have.

There are a few ways to cancel transactions and some are cheaper than others. There should be some good guides online for how to do it if youre using metamask.

[swift flame]

No luck i need to speak with someone that can check what is actually happening and why i can't upgrade

There is no pending transactions i looked in the meta

[trail vale]

Just staked my first 2 ilv 🍾

[swift flame]

Is there an admin that i can speak with regarding staking withdrawl problems?

[feral shore]

why do i keep getting this error when i try to upgrade/claim?

[swift flame]

@brisk surge are u still here

Don t know what happened but 0.05 eth disapeared from my metamask

[echo ember]

well done!

[cunning perch]

make sure you update your browser and clear cache or change it if necessary. Also choose a correct amount of gas limit.

[fading bay]

Guys wich is the adress of the sILV2 token?

[final steppe]

Here ya go! Important to use sILV2 and not the old sILV token

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[fading bay]

Ty

[gloomy gazelle]

It’s always in #🔗〕helpful-links as well

[fading bay]

A ok thanks: I just used the adress to make a simulation on uniswap: if I wish to buy some sILV2 on uniswap I just need to insert the token adress@in the token window and ask for the swap, right?

[gloomy gazelle]

Yeah

[crystal stream]

Do you have a formula to know if it's worth claiming the rewards?

For example, to claim you have to pay 30$ on fees. So you claim when the reward gets double this value

[proper prairie]

Well you need to claim when the yield that your claimed amount generates overcome the claim costs until your next claim

I personally claimed 2 days ago when it was at 9 ilv, many have a range between 5-8 ilv

[gloomy gazelle]

No. Claim when the amount that you are claiming will earn that much before the next time you claim.

[crystal stream]

interesting

and do you have a formula to calculate?

[gloomy gazelle]

You have x=ILV to claim… it earns at y(Apr). So…
(x*y)/365= how much it will earn in 1 day. How many days of earning do you need to surpass the gas fee you will pay?

[crystal stream]

Great! Thanks for the help

[small island]

Looks like Zapper doesnt support v2 staking yet. Zapper just released the ability to contribute integrations. See https://medium.com/zapper-protocol/introducing-zapper-studio-9dfd2d506bde

Just a heads up if someone wants to contribute.

cc @median canyon

[sacred blade]

Hey guys, currently is there any way to get around the gas fees for staking? It would be great if we could stake on something other than the ethereum mainnet, like binance smartchain.

[cedar orchid]

unfortunately there is no other way!

[sacred blade]

Thanks for answering. So I would need illuvium tokens and ethereum to pay the fees on my ethereum mainnet wallet to stake, right?

[storm wolf]

Everything works fine here!!!!

[echo ember]

Yes

[gloomy gazelle]

Don’t trust any DMs. You don’t want to get scammed by someone saying how you can save gas using a celo wallet or something. It’s gotta be on Ethereum mainnet right now. And it’s gonna cost eth for gas.

[sacred blade]

Thanks for the heads up.

[gloomy gazelle]

There are many impersonators. No one legit is going to DM you first. Or add you as a friend first.

[woven ibex]

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

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

[hallow sandal]

Will there be land staking?

[wind peak]

That would be Interesting

[gloomy gazelle]

No. You use it to play the game

!land

[woven ibex]

There is no set date for the first land sale. The land sale will be announced in #📣〕announcements when the date has been confirmed. Illuvium: Zero is a mobile mini-game that will interact with the main game. Illuvium: Zero will be a base building game staged on a piece of land. Paid land will produce Fuel ERC20 tokens and Blueprints, interacting with the main game. There will be 100k plots of paid land in total, and the first land sale will offer 20k of these plots for sale in a dutch auction format. All in-game development on land will be wiped when Illuvium launches. For more information, visit #🎮〕illuvium-zero

[wind peak]

So is there a way to monetize the resources produced in the lands?

I mean I’m assuming it will be exchanged for sILV2 whatever you sell. But then the only way to monetize it will be in the uniswap pool right? Or would it be another way to exchange it directly for eth?

[gloomy gazelle]

No the silv2 pool is in no way official.

It’ll be an official eth swap

[sacred blade]

Yeah, I would be suspicious of any DMs

Serious people would just respond in chat.

[gloomy gazelle]

It sounds like it will be a balancer style multi-token pool with the 3 fuel tokens and eth.

[cedar orchid]

I hope you speak about the team only, I DM some people to write with them 😜

[gloomy gazelle]

Haha just don’t scam folks

[cedar orchid]

anybody who staked reasonable amounts since July for 1 year and still needs to scam people would be quite sad or didn't understand RD haha

[wind peak]

That’s amazing

[plain marsh]

Has there been any discussion around how staking rewards are actually being calculated?
Here's my issue:

• I am staked in the ILV/ETH pool at 2x... my claimed ILV rewards (also at 2x) are approximately 10x of what I have staked in the pool.
• There is approximately a 10x difference (~20% vs ~200%) between APR/APY of the pool vs ILV....
• So, basic math says that the rewards for a given period should be about equal for both pools.
  That's not what I'm seeing - my ILV/ETH rewards are a little over 4x the ILV pool rewards.
  Can someone direct me to some additional calc info, or point out what I'm missing ?

[wind peak]

You can find some information pinned on the #💰〕token channel

From all the Yield Farming rewards, 80% goes to the ILV/ETH pool and 20% to the ILV pool if I’m not mistaken

@plain marsh

[cyan rampart]

Let me make sure I understand clearly.

You have an ILV/ETH deposit at 2x weight, and you also have vesting rewards with a value of 10x the ILV/ETH deposit in the core pool (at 2x weight, cause ofc they are).

You're expecting to see about equal rewards from each pool, because 10x 20% = 1x 200%.

And you are factoring in the total value of your ILV/ETH deposit, not just the ILV component.

[plain marsh]

Correct.

I think if I factored in just the ILV portion of the ILV/ETH - then the diff would be more pronounced - no?

[cyan rampart]

When you're looking at Rewards from each pool, you're just using the Rewards tab?

[plain marsh]

But yes - 10x 20% = 1x 200% is the what I expected... and instead I'm seeing 1x 200% = 4 X (10x 20%)

[cyan rampart]

Is there any chance you have V1 ILV rewards vesting that didn't get Upgraded to V2?

[plain marsh]

Yes - just looking at the current pending rewards... and seeing the 4x diff there.

[cyan rampart]

Also re: that calculation - The ETH/ILV pool is the one producing more than expected, correct? So 4x(1x 200%) = 10x20%?

[plain marsh]

Yes - I suppose that's possible. I thought I was pretty careful in following the instructions though.... but now that you mention it - I see a lot of v1 icons on the Vesting tab.

[cyan rampart]

The V1 icons are normal, I'm just spitballing potential causes, and that's one of the most likely ones. Upgraded stakes show a V1 icon if they were claimed during V1.

[plain marsh]

Yes.

If I still had Un-Upgraded - How would I tell?

All of my staking/rewards show on my Dashboard.

[cyan rampart]

It's kind of hard to tell, you could check through the Etherscan transactions you did for Upgrading and verify you'd Upgraded both pools.

It's pretty rare, but sometimes the Upgrade button has disappeared on people who had a failed Upgrade transaction.

Just a double check - Were the accumulated rewards you claimed after the staking pause approximately 1/4 of your total vesting ILV holdings?

I.E. in the Vesting tab, is the ILV Rewards deposit without a V1 icon approximately 1/4 of your total Vesting ILV?

[elder dawn]

The two pools use a different equation for APR, so I would expect it to be a little different, depending how you’re doing the math. If you want, I have a calculator (tiny url in my profile) where you can add your ILV and SLP tokens and it will give you an estimated daily rewards number. Make sure in the math you account for ILV token price. For example, if you have $1000 in SLP, currently at 235%, you will get $1000x235%/365 = $6.43 per day, or 0.0129 ILV per day. Presuming you have 10x the value in the ILV, that’s $10k, so at the current rate, you’re getting $10,000x20%/365 = $5.47 per day, or 0.0110. Your total daily earn should be around 0.0239 ILV. If you do the math like this, does it match what you’re seeing?

[plain marsh]

The claimed ILV rewards in V2 (no v1 icon) are 59% of my total...

I checked EtherScan and I do have Successful transactions for both Execute Migration, and Migrate Locked Stakes

[cyan rampart]

Can you think of any reason that his ETH/ILV deposit would be putting out roughly 4x more Rewards than his ILV only stake though? Assuming roughly 10x value in the ILV only pool, and all at 2x weight?

I'm kind of out of ideas if his V1 ILV were successfully upgraded.

[crystal stream]

Hi, everyone! What would RevDis be?

[cyan rampart]

!revdis

[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.

[plain marsh]

I'm haven't been doing any calculations based on $ value... just using the % to try to calc the # of ILV rewards from ILV & ILV/ETH. Any calculation that would attempt to convert annual $ returns is a fairytale 🙂

[cyan rampart]

The basic idea is that any spending on Illuvium IP is distributed to stakers of ILV tokens.

[plain marsh]

Or is that where I'm going wrong with the APY/APR... is it really an attempt to estimate FV of the ILV token?... can't be can it...

[crystal stream]

But its separate from the pool rewards? It another token?.

[cyan rampart]

It is seperate from yield farm rewards. It's distributed as unlocked ILV tokens.

So ETH revenue enters the Vault, the Vault uses that ETH to buy ILV from the market, and the Vault distributes that ILV to stakers.

[crystal stream]

got it, thanks

[cyan rampart]

You should definitely calculate the APR in the SLP pool based on the value of the stake.

That's how the displayed APR is calculated behind the scenes.

[crystal stream]

When the vesting period ends, can I keep my tokens at the pools, or do I have to withdraw them?

[cyan rampart]

You can leave deposits in after they unlock, they continue generating rewards at the original token weight until you choose to withdraw them.

[elder dawn]

Thats where your calculations are off then - for the SLP you have to account for ILV price, not just SLP. Switching your calculations to $ vs just % is the easiest way to fix it. Or just use my calculator. Technically, that's even easier

[plain marsh]

OK - I'll readjust (and take a look at your sheet) . Thanks for the help guys! Much appreciated.

[gloomy gazelle]

Here’s my best explanation. #🥩〕staking message

Not great but it’s what I’ve got

[elder dawn]

hey @gloomy gazelle - are you tracking your rewards since V2? To me, it seems like the official dashboard APR is again showing the "spot" APR rather than including the 3% fortnightly decrease. While less accurate, it does make explaining all of this easier. Not sure if you're seeing the same thing as I am

[gloomy gazelle]

I haven’t paid enough attention to it. BUT I’d thought that might be what they were doing. APR showing the spot return. And APY calculation looking at the rest of the year with the compounding input variable and the fortnightly decrease. But I haven’t asked.

[elder dawn]

the apy just considers 12 claims (monthly) - it also seems to neglect the 3% decay

[kindred moth]

staking returns end in about three years, correct? will there be no more revenue distribution afterwards?

[cinder escarp]

There will be revdis, but no more staking yield i think

[kindred moth]

thanks!

[crystal notch]

yay finally finished Staking! got 2.37 SLP staked and a whole $0.34 in rewards already 😄

[echo ember]

We all started at one point 😉

[kindred moth]

The staking website states 18,423 estimated holders. That is only people who also staked, right? Otherwise this would seem way too low for me

[cinder escarp]

There are also some whales

[kindred moth]

But do only 18,423 people actually hold ilv? Would think it is more

[keen ridge]

we are early as

[kindred moth]

Wow, that makes me hope even more that illuvium will be my ticket to not working anymore xD

[thin mural]

Only 18k owners ? We are 100k+ on the discord...

[cinder escarp]

You dont need to hold ilv to join the discord lol

[potent wing]

You staking a Big amount of ilv?

[thin mural]

I though more people are understanding the utility of holding ilv

[lyric palm]

many others are holding in exchanges. Also people with the ILV staked is not counted. Only 18k people with ILV in their personal wallets.

[cosmic sinew]

do you get a role when you stake your ilv?

[cunning perch]

No

[nimble tendon]

82k are bots?

[open stump]

🤣

[fast trench]

Does anyone know why I lost my $39 in transaction fees for a failed transaction? I tried to claim ilv and the transaction failed and I also lost the gas fees? I've had failed transactions before but don't remember losing the fee also. Thanks

[cunning perch]

yes fail TX or running out of gas results in losing gas.

[pale terrace]

I’m so confused with the staking rewards. If you claim Ilv does that just count as restating it? Or are the rewards auto compounding?

[cunning perch]

you claim ILV, it gets locked in the ILV pool for one year and compounds to your staked ILV. You have to claim manually.

[pale terrace]

What about the rewards from the slp pool. Does it just stake in the single staking pool?

[cunning perch]

every form of claimed ILV will be staked for one year in ILV pool

[pale terrace]

Last question. If you have stakes in both pools or multiple pools when you claim does it claim from all pools at once?

For one fee

[cunning perch]

on V2, yes. It wasn't like that on V1, but now you can choose ILV from pen pool, sIVL2 from the other and claim all in one go.

[fast trench]

Ok, thanks.

[pale terrace]

Thanks so much

[winter wasp]

Been wondering. Staking rewards from landsale will be in ILV or ETH?

[cunning perch]

Staking rewards are always ILV/sILV2 and RevDis is always ILV

[naive hull]

@ripe steppe Just one more question. So, basically you're saying, when my tokens unlock, they are still staked? They don't automatically go into my wallet? And I can just lock them again without paying few extra fees?

[river hemlock]

What happens when our staked tokens finish their lockup period? Do they stay staked and continue earning the APY% until we unstake?

[ripe steppe]

U dont even have to lock them again, they are still staked and earning the same everything as before at the same weight

When they unlock all that happens is u now also have the option to withdraw that stake if you wish, when u use that option is up to u (u could never use it and keep earning forever…)

[kindred moth]

do we know how long after the land sale we will get the first revdis?

[ripe steppe]

We dont know exactly, why do you ask?

[kindred moth]

just curios 😄 can't wait to see how much it actually is

[naive hull]

And they are earning the same amount as before, so if I locked them for 6 months and they unlock, for me it's better to lock them for 12 months again then just leave them be?

[ripe steppe]

@elder dawn has a great calculator that can give u a ball park of what u can expect…

Off the top of my head around $10-20 per ILV token you have staked is about right… (obvi depends on how big the sale is too… )

[ripe steppe]

Correct

[river hemlock]

Thanks 🙂 that sounds good

[ripe steppe]

Correct

To earn at 2.0 weight you need to unlock them and restake them since theyre now at 1.5 weight

[solid dust]

the reward unlock is linear?

[proud moth]

The whole reward will be unlocked after 1 year vesting

If you claim once today for 1 ilv it will be unlocked 1 year from today

If again tomorrow you claim another 1 ilv it will be unlocked 1 year from tomorrow

[foggy gust]

Not sure if this belongs to the "staking topic".... But I got a question about something I just noticed, in regards to when I withdrew my Link, on 10th April. after staking V2 went live....

together with the transfer transaction for the LINK is also one for sILV (the old contract)... Is this a mistake... or should it have been the rewards from the flash pool, and have been ILV and not sILV.
I must admit I kind of lost track of that link flash pool, and weather those rewards was added to the Total rewards when I did the Upgrade to V2.

[open steeple]

so guys if after a year i dont unstake the LP it keeps farming at 2.0 weight right?

if im staked for a year to begin with

[elder dawn]

You should be able to exchange those on the illuvium.io page - if you go to the main page, in the menu bar, there is an "exchange" and "claim silv2." That will give you another transaction to get the correct sILV

[foggy gust]

thanks, will give it a try

amazing... getting DM from 2.. one claiming to be "Deraji | Infoluvial" and one "Arash | lluvimod"... guessing none of them are "real", I better close the DM option again, and will scheenshot the messages before deleting.

[elder dawn]

also, report them - right click to get their user ID and share in #🚨❗〕report-scammers - you're correct, it's not me. Also, apparently I've made it! I don't think anyone scam impersonated me before!

[foggy gust]

hehe 😄
there is a first for everything, even that

[cyan rampart]

The even bigger leagues xD

No one impersonates me anymore

[vivid ruin]

What has a weight of 1,5? I thought everything has 2 if you staked max duration. Nevermind lol i see now the message you replied to !

[ripe steppe]

They obvi didnt stake at max duration…

[foggy gust]

btw.. exhanging the silv didnt work... I also did exchange the silv I had before I did that LINK withdraw... if I try now I just get the "You have either claimed your sILV2 or you’re not eligible to claim."... which I guess makes senses.

[digital narwhal]

Hi guys, the revenue from land sale, are we getting revdis from those?

[cyan rampart]

Yes, but only ETH revenue goes towards revdis. sILV2 that is spent during the sale gets burned.

[digital narwhal]

What is sILV2 used for? Thought it would be in ETH. That's great.

[elder dawn]

Does the original sILV token now show up in your wallet now? That is, when you claimed from the LINK pool, did you get this token? 0x398aea1c9ceb7de800284bb399a15e0efe5a9ec2 If so, that may be an issue we want to flag that Flash pools are generating the wrong token. Hopefully not, but we should confirm based on your issue.

[bleak karma]

so the 5% of revdis that receive land owners, does that mean that stakers receive 95%?

[cyan rampart]

It's basically a gift card you can use in the Illuvium ecosystem. The #❓〕faq does a pretty good job describing the functionality of sILV2.

[digital narwhal]

I mean in regards to land sale.

[hidden current]

Sorry very noob question. Do I get any revdis from the SLP pool or is it only the Ilv pool.

[bleak karma]

u get them from both pools, but for the SLP pool only for the ILV part

[hidden current]

Perfect thank you everything I needed to know

[bleak karma]

your welcome

[cyan rampart]

Terminology is important here, in particular.

Revenue is general purpose, and refers to ANY revenue from ANYTHING Illuvium ever makes or sells, including games, merchandise, potentially films etc. ALL revenue goes towards revdis.

Fuel is a token that land produces, and is spent for in-game transactions, like travel fees, shard curing etc. Fuel will be used in future titles as well.

Land owners produce 5% of Fuel, which accounts for 5% of in-game revenue, but NOT necessarily 5% of revdis. Additionally, you have to produce and sell Fuel to realize that 5%, if you just sit on a piece of land without playing, you get nothing.

So TL;DR: Land owners get 5% of Fuel revenue, which is 5% of in-game transaction revenue. ILV stakers get everything else. If all revenue is from in-game transactions, that's 95%, but if some revenue is from things that are not in-game transactions, it's more.

[cyan rampart]

You can use it to buy land. You can use EITHER sILV2 or ETH in a single transaction.

[digital narwhal]

Ahhh, nice, thanks for the explanation. Hopefully people use sILV2 and burn everything up lol

[bleak karma]

ah, got it thank you

[storm onyx]

can anyone tell me how much gas roughly to provide liquidity to get SLP for the ETH/ILV pool?

and how much gas to stake the corresponding SLP token in the pool?

[foggy gust]

yes the silv is in my wallet, and its the token you referenced. not sure if anyone else have seen the same.

[elder dawn]

Vetemor put together a calculator here to see the fees using current gas and ETH price. It's not accurate for V2 in the illuvium.io transaction yet, but the Sushi transactions should still work. #🥩〕staking message

[elder dawn]

This feels like a big deal to me - @mint cave or @cunning perch - this seems like it should be brought up to the team. Not sure who best to tag - This seems like it was a Flash pool withdrawal after the sILV2 issuance (mid April) that generated the original sILV token, and now @foggy gust isn't able to swap for the new token. #🥩〕staking message

[cunning perch]

I'll ask Aaron to check, but I believe it is referring to V1 since LINK staking was on V1. After the upgrade, the contract copies what is on V1 and you get the V2 version of it, however things will always be on V1 (idk if I worded it right, but:) when you want to withdraw anything, since you had staked on V1, it will ask you to claim sILV (cuz if you remember you had to claim when withdrawing on V1 and V1 can never be deleted). You have already upgraded and got your rewards on V2 (the copy of V1 stake which is authentic now), but the token had stayed on V1 and you are withdrawing from it. So you are forced to claim sILV. (sorry for many V1s and V2s)

[elder dawn]

Makes sense to me - they just need to figure out a way to enable him to convert to sILV2

[cunning perch]

@foggy gust did you upgrade your pools before you did any LINK withdrawal?

[foggy gust]

yes I am sure I upgraded it before... I also successfully claimed some sILV2, as I had some sIlv. If I remember correctly there was a few issues with the flashpool right after the v2 upgrade... but this transaction is from the 10 april, when I withdrew the LINK... and it also transferred the old sIlv tokens.

[cunning perch]

If you upgraded your pools, you have already received any sort of pending rewards from all the pools (flash or otherwise) in form of either ILV or sILV2. The sILV token you have received when you withdrew your LINK is burned tokens from V1. Just ignore it. It's just a cost of V1 withdrawal.

[craggy cliff]

Great explanation on land earnings

[foggy gust]

that dose make sense.. and was also my initial assumption. I do think I got the pending rewards as ILV, but its a bit tricky to check now... so I got in doubt when I noticed there was an sILV transaction with the LINK withdrawal, and though I better ask and flag if something was wrong 😄

[cunning perch]

Sure no worries. Yeah you probably have claimed all in form of ILV. 🙂 and got the sILV cuz you withdrew from V1

[elder dawn]

Thanks for the help here! Good explanation of what's going on. I was just worried since he received the defunct sILV in mid-April.

[foggy gust]

Thanks for checking

[cunning perch]

Thx Deraji. This has been always the issue with V1 and V2 copying V1. Us V1 stakers will always have to go through V1s stuff haha 😄

[loud ermine]

will there be staking in other networks? 😛

[ember ginkgo]

No

[ripe meadow]

is there any way for ILV price to decrease now that ppl will focus on sILV till the land sale?

[rose widget]

even after doing the upgrade, i feel like my stakes on the ILV pool are not working properly

it shows as V1 still because they are locked for 12 months

and there is no option to upgrade the pools anywhere

[burnt copper]

In the vesting tab, claimed rewards will show 'v1' next to them

Have you claimed any rewards after upgrading? .. those will not show 'v1' next to them

[rose widget]

the ones that dont show V1 next to them are the eth/ilv pool that i set up 2 days ago and an ilv pool that i set up with the rewards i had to claim when i upgraded to v2

[elder dawn]

You'll still see V1 next to all of those previous ones - upgrading just gave V2 the ability to read those stakes. They will continue to say V1 until you withdraw. You are earning rewards on them once you upgraded.

[tulip folio]

of course, but the way I look at it people with sILV2 that will be using it in the land sale will have more spending power the higher ILV is. There may be some whales that decide to pump the ILV price during the land sale so they can use less sILV2 and get multiple lands.

[weak latch]

While staking I receive IlV and ilv/rewards, lets say i have 0.1 ilv pending rewards and 1 ilv/eth pending rewards

If I claim them both and lock them for a year. Will I have to pay gas fee for both when they are unlocked or can I collect them in the same transaction?

[brisk surge]

I feel like the answer here is you have to pay gas twice to claim each, then gas once to restake, because you'll be restaking the whole amount from your wallet balance

[rose widget]

thanks!

[gloomy gazelle]

When people sell ILV the price goes down. So yes. It could happen.

Additionally, Technically when ETH price goes down so does the usd value of ILV. But that won’t impact the relative value of silv2 used in the land sale compared to eth used in the land sale (since that value change of eth would move both in the same way)

[crystal notch]

how many times a day do you guys refresh your dashboard to see your rewards growing?

[keen ridge]

last year I was every day, now i dont really check until I need to claim. set and forget until revdis

[crystal notch]

Just started staking yesterday, so yes exciting 😄 maybe a day or two and and I will have paid off the gas fees 🤣

[gilded ether]

Is it expected that the APY will increase with the land sale and game release? For ILV staking

[gloomy gazelle]

No. Apy trends down.

[thin mural]

1 a month or so.

[gilded ether]

But isn’t 100% of revenue going to be distributed through the staking protocol?

[gloomy gazelle]

Yes. But that’s not how the APY is calculated. That’s different.

!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]

!ilv

[woven ibex]

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

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

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

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

[gilded ether]

So staking ILV you will be part of that vault distribution? But it’s seperate to the APY

[gloomy gazelle]

Yes

Additional

[gilded ether]

Thanks for the help and time 🙂

[flat brook]

What are the risks of the sushiswap pool?

[proud moth]

impermanent loss, smart contract risk

[flat brook]

So my understanding is you invest 50/50 WETH/ILV and receive WETH/ILV SLP to then stake. How does removing liquidity happen? Let's say I want to convert the SLP back into WETH/ILV what is the process for doing that?

[true seal]

I have never done this myself, but I understand, that once the SLP is unlocked from the Illuvium pool, you can take it out and then go to Sushi and exchange SLP back to ETH/ILV

[tired dirge]

You'll need to withdraw your SLP to a wallet. By the number of SLP tokens you hold in your wallet, Sushiswap knows which amount/percentage of the current pool is yours and you can choose to swap these SLP tokens in exchange for this part of the pool (50/50 ILV/ETH) at any time then.

[tired dirge]

To feel save you can try it out without actually executing it. After investing ILV/ETH in the Sushiswap Liquidity Pool and before staking the SLP tokens, so while they are still in your wallet just go to the "remove liquidity" option at the ILV/ETH pool on Sushiswap. Then you can see that you could immediately change the SLP back.

[crystal notch]

hey if you are staking ETH/ILV SLP do you still get Revdis?

[bitter hearth]

yes, you get revids on the ILV part, but not for the ETH part

[flat brook]

Do you get revdis on vested ILV?

[bitter hearth]

yes

[flat brook]

Thanks for the help guys

[cunning perch]

as long as it is staked

[crystal stream]

And it gets automatically staked when you claim right?

I mean, it gets locked por 12 months compounding

[final steppe]

Correct. Once claimed as ILV, those rewards are locked in the ILV Core pool 12 months, earning that estimated APR for that time. Once the 12 months is up, those unlocked rewards will still continue to earn yield until you decide to withdraw them 🙂

[trim patio]

still waiting to claim again, but is it right that everytime you clain the rewards you pay like something? so you should have a good amount bvefore claiming, right?

[elder dawn]

Correct. Definitely watch for low gas as well. Right now, the value of claiming is about $0.26 per day per ilv, so you can use that to estimate your payback of a fee.

[trim patio]

thank you for your answer 🙂

[stoic radish]

Finally upgrading to v2. Should I claim ILV or sILV at this point?

[cunning perch]

Only you can decide

[stoic radish]

haha, its a doozy

[crystal stream]

thanks

[boreal cape]

Hey @crystal notch and @flat brook here’s a very good read about ur questions https://twitter.com/infoluvial/status/1522416081595363328?s=21&t=OHRdIgkLtmBsA4xLPEmojg

The Infoluvial (@infoluvial)

Community is abuzzed about the coming Land Sale. The reason can be summarized in two words. Revenue Distribution.

Check out @ILVFi_Deraji's latest article on the impact of the Land Sale to ILV stakers ➡️https://t.co/CnQugi3dY3

Hint: 🖨️💰💰💰

$ILV #Illuvium #Inflovial

Twitter · May 6, 2022, 3:20 AM

[stoic radish]

Ok upgraded and claimed sILV. So do I need to withdraw and restake if it has the little "v1" next to the pool on my vesting page? Or is it ok?

[cerulean hollow]

If I have an Illuvium stake that has completed it's locked period and is now unlocked, if I keep it staked without withdrawing it will it continue to earn yield at the noted weight? Or do I need to withdraw it and restake it?

[devout bobcat]

it will keep earning rewards with the original weight

[crystal stream]

Hi, just read the article, and it’s great news. I have a question, though. Do we have a snapshot date to know who will be able to claim the RevDis?

[boreal cape]

I’m not sure about that. But my plan is to claim all rewards before the sale just to make sure that they will be counted for RevDis.

[woeful marsh]

hello, i have a vested ilv on v1, how would i get this to v2? thanks

[cerulean hollow]

The stake I have in question is from v1, is there any downside to keeping it on v1 and earning the designed staking weight, or should I withdraw it and restake it using v2 staking? I would prefer to keep it staked at the current weight as it is a longer stake that just recently became open for withdrawal.

[gloomy gazelle]

No downside really. You may have a little bit cheaper transactions in the future if you do withdraw and stake it again in v2 contract. But I’d imagine it’d take awhile to overcome the gas cost of withdrawal and staking again.

[coarse heath]

how long will the ILV staking for ILV yield last? Is it going to last for another year? or less than a year?

[vital crag]

Question, can we take the revenue distribution and swap it over to staking.

[brisk surge]

Revdis is unlocked and sent to your wallet when claimed. So yeah you can do whatever you want with it.

[vital crag]

Thank you 👌

[normal lantern]

So is there any information when exactly rev dis from this 1st landsale is going to be distributed?

[tulip folio]

no not yet, but I would expect it to be setup to try to prevent people gaming it. likely will be information that is released before landsale in the blog posts

[balmy relic]

Is there any word on how the vault plans to purchase from the pool? Is it a bulk purchase? Seems like the slippage would be massive on an order like that from the potential revenue of the land sale.

[unborn socket]

How are they giving landowners 5% of the rev divs when they say 100% goes to us stakers?

[gloomy gazelle]

It’s not the total revdis. It’s LIKE 5% of the in game revenue. Because land owners will be able to mint and sell about 5% of the fuel tokens that will end up being the main in game tokens that players will be paying eth to get.

Lots more info pinned in #🎮〕illuvium-zero

[tulip folio]

100% of revenue is distributed to stakers, however 5% of game fuel SALES are from land owners. Think of it like the land owners are franchisees, they paid money up front (which is now revenue) to get a portion of the sales.

[unborn socket]

Thank you!!

[unborn socket]

Thanks! Appreciate it.

[unborn socket]

Thank you!

[tacit mesa]

hi guys.. have any of you claimed lately? di any of you not receive your ILV?

[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 sILV2 you have it unlocked right away (sILV2 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.

[tulip folio]

I don't know about lately but I claim every 2 weeks. Last Friday/Saturday my claim had no issues.

[dim vigil]

!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 sILV2 you have it unlocked right away (sILV2 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.

[stoic radish]

So can you ever claim your $ILV and walk away, or is it always a perpetual 12 month punt?

[elder dawn]

No, ilv staking rewards will always have a 12 month vest. You could always claim silv2, which is instantaneous

[fast trench]

Does anyone know if I have a weighting of 1.0 does that mean my rewards that I claim will also have a 1.0 weighting after the 12 month lock up or will those ilv from rewards get a 2.0 weighting because they were locked up for 12 months? Thanks.

[brisk surge]

Rewards will be weight 2.0 And they stay at weight 2.0 even after they unlock unitl you withdraw them.

[mellow mango]

why stakinbg shows like this

with SLP, sorry i cant post the picture

[ruby ridge]

Hey guys, was away for a long period and just realised v2 staking is live. If I'm in v1 now, is it necessary to upgrade to v2 immediately? I'm still busy and will take time to digest the new system before performing any transfers from v1 to v2

[final steppe]

Hey Stryder-- welcome back! An upgrade is not needed immediately, no. But you will not be earning any rewards from staking until that upgrade to V2 has been performed.

[ruby ridge]

Ah I see.. Ok, thanks for the advice. Will get it done soonest. Don't wanna miss out on the rewards 😆

[fast trench]

Great. Thanks for the answer.

[mossy pulsar]

hello why my staking rewards not increase i added liq. i have to claim them ? and how can i compound my rewards ? i cant see there is option

[elder dawn]

First, did you stake at illuvium.io? Second, depending on how much you have staked, it may take time to change the amount you have earned. You can see your pending rewards in the "reward" tab on the staking.illuvium.io site. You do need claim to compound, but it does require a transaction and a transaction fee so make sure you are claiming enough to make it worth it

[mossy pulsar]

thanks for answer yes i am staking at https://staking.illuvium.io/

[elder dawn]

Just making sure- one thing I've seen- if you have like 0.01 rewards, it does take time to get to 0.02, but rewards are adding up. Depends on the amount you staked.

[mossy pulsar]

i ll check tomorrow after clear cache thanks

[bitter ledge]

can you swap usdt for ilv on sushi swap? or does it have to be eth

[runic mason]

it should figure out the routing for you and work just fine @bitter ledge

[hallow sandal]

I don’t know if this question was answered already but when will all illuvium transactions be integrated to immutable?

[pale walrus]

It can be usdt or any other ercwp token

[pale walrus]

The land sale will transact on ETH but mint on IMX so everything after this should be on IMX. For now staking remains on ETH but all game related transactions should be IMX.

[trim patio]

are you guys claiming sILV or ILV? I dont't really know how i should claim them

[remote mauve]

Guys bakeryswap is offering 718% on ilv single sided stake. No Eth/ilv this fake or? There’s a video on tube about it even.

[cyan rampart]

The website linked through the video you're referring to is a scam, it's not the real bakery swap. As far as I can tell, the real Bakeryswap does not offer 700%+ yield for staking ILV.

[cunning perch]

You go to Dashboard and click claim and then choose whichever you want. You have to decide

[pure fox]

Hi All! Is there any community chart/calculator to find out the most efficient frequency/time period (e.g. monthly) to claim staking rewards?

[ember ginkgo]

There should be one in the pinned messages

[pure fox]

oh nice! Thanks

[scarlet junco]

where is ilv and slp address?

[ember ginkgo]

!contract

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[scarlet junco]

helpful link don't work. txn

i need to add to metamask

[scarlet junco]

i need network data

ok i added. tnx

[hallow sandal]

Thank you for that. Integrating transactions to IMX will be huge and im sure they’re aware of that, I feel like they are not rushing anything or some things are still in process and not releasing things prematurely. Discovered the game early but got in a little late (sad) but hoping everything works fine.

[final steppe]

Yeah, if the multiple audits the team has scheduled for V2 staking and various smart contracts within the Illuvium protocol are already a very positive indication, in my opinion. I'm sure they'll put as much time and effort into testing and auditing all transaction mapping that's expected to be done on IMX too 🙂

[hallow sandal]

I hope when the game goes public beta all the micro transactions goes to IMX.

[pale walrus]

My friend don't be too bummed. You are in pre game. 10 years from now and you find yourself playing the same game or even another illuvium studio game, you won't feel late to the party then. We are still early

[olive shoal]

this pops up when i try to stake, anyone know how to fix it?

[gloomy gazelle]

Not sure. But are you using a nonstandard RPC? Have you cleared your browser cache ?

[olive shoal]

I reset my meta mask, cos the last i tried to approve and it was taking forever

nvm I got it

[gloomy gazelle]

Can you share what you think the issue was?

[olive shoal]

my first transaction was stuck, so i just increased the gas fee. that's probably why it's showing replacement fee too low

[gloomy gazelle]

Ah… it prevented a second claim. That’s nice.

[echo inlet]

have they announced a day they will stop allowing new stakers? Or is that even a thing?

[ember ginkgo]

I don't think that's a thing

[echo inlet]

Awesome!

[rancid delta]

How long will ILV staking run for?

[final steppe]

@rancid delta All yield farming rewards from staking in the protocol will be fully distributed after 3 years (so by the end of June 2024), but the protocol will still continue to accept new stakers as token holders will still need to stake if they want to receive revenue distributions The RevDis will continue well after June 2024 as long as all of the games are bringing in revenue

[rancid delta]

Thanks for that mate

[lunar marlin]

RevDis will need to be claimed once distributed?

[final steppe]

Correct. But once claimed, there is no vesting period. It will be available in your wallet immediately 🙂

[lunar marlin]

Can I then stake it if I wish?

[final steppe]

Definitely! It's unlocked so you can do whatever you'd like with it

[lunar marlin]

And uh... when they're distributed, do they compound or increase our already existing deposits or we really need to claim & later deposit it?

[final steppe]

As far as I know now, you'd have to claim and then stake. But there were some discussions/suggestions a while back, stating it'd be nice to have an option to claim which automatically re-stakes it... and not have to process a 2nd transaction We'll have to see what happens with an official update from the team. I anticipate there'll be an article going over RevDis as well at some point!

[gloomy gazelle]

My understanding is that the CLAIM transaction for revdis is going to be necessary. It would create a single identifiable moment of the start of ownership for those tokens.

[uncut sonnet]

What is better at this stage of the game to accumulate more ILV? Stake more SLP? Or given impermanent loss, buy more ILV to stake at lower APY and stake any Revdis received down the road? Not sure at this point. Any thoughts?

[gloomy gazelle]

No one can really know exactly what will happen with the APR in the future or how much revenue there will be within the next year. At this point look at the difference between the apr in both pools, guess how much revdis there might possibility be and decide what you want to do.

[uncut sonnet]

Yep, just looking for more info that might help.

[gloomy gazelle]

This tool maybe. #🥩〕staking message

SLP apy is too good to pass up if you ask me.

It might not always be so good. But at the moment. Wow

[uncut sonnet]

Thanks!

[hidden current]

They send ilv as revdis. If u claim staking rewards as sIlv2 then the equivalent ILV is burned. So they use the profited ETH to buy ILV from the market and return it to stakers.

Yeah on the actual illuvium website there’s a really well detailed white paper on there. If not it should be in the pinned messages here. But basically it’s exactly what I said lol. And it’ll be paid out like every few days at an unknown time so no1 can frontrun it

So 100% of the profit gets given back to the people staking ILV as ILV

Kieran did a great AMA with andrew wall about the tokenomics and staking from what I can remember. It’s on YouTube. Anything in particular u want to know? Or just everything lol

It’s 100% not burned. All profits get put into the vault. Then every now and then the vault is used to buy ILV from the market and then split back between the people staking ILV.

[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.

[bright heart]

I'm quite curious whether or not the specific transaction for the revdis purchase can be tracked by a bot and a transaction with higher gas be sent to do an actual front run.

[hidden current]

Oh I wouldn’t know about that. That’s a bit beyond me lol.

[pale trellis]

I can't move a locked stake to a new wallet can I?

[bright heart]

You need to wait until it unlocks.

[spiral yarrow]

Even if we stake our ILV, lets say 2 days before land sale, we will be eligible to receive the rev divs from the land sale ?

[outer hull]

can i witthdraw ILV from Binance usingg the Binance Smart Chain (BEP20)

[craggy field]

If the landsale value is high, then the revdis will be smeared out over a longer period of time. You would get a trickle of revenue and anyone will be eligible whenever they started staking.

[normal lantern]

For real? So total staked ILV at date of landsale won’t matter at all?

[craggy field]

They have never said that staking befóre a certain event is a pre-requisite to getting Revdis. It would also be really hard to regulate when people start playing the game, and the game is handing out 100s of dollars to holders in revdis. I think you'll just stake whenever, and when you do, you'll start sharing in the revdis.

[tulip folio]

I'm not exactly a blockchain expert, but only staked ILV is eligible for revdis. My guess would be that in order to front run the revdis ILV purchase transaction you'd have to buy a ton of ILV in one transaction AND stake it in a second transaction before the revids purchase goes through. I bet the revdis contract could also be built to just use the last block before the purchase as a snapshot, so any frontrunning would simply be ineligible for that single distribution.

That being said you could frontrun the vault's ILV purchase transaction so you get it at price X, then the vault purchase drives the price up, then you immediately sell yours back. If you did that every single day I'm sure it would add up.

[craggy field]

You should be able to stake after the starting point and from then on get revdis of the following days. :))

yes you are right

[bright heart]

I was thinking this scenario. Trying to frontrun the price pump. But at some point if it is viable, more people will try it and will become less and less attractive.

[tulip folio]

Haha
people frontrun buy to drive the price up from X to Y
you sell a bunch to take it back from Y to X
ILV buys a bunch to get it back from X to Y
people take profits at Y and drop the price again
you buy back in lower than you sold
😉

[gloomy fable]

hello guys why i see 0 $ in my staking page?

[abstract junco]

Try to clear browser cache and reload the page

[dapper moth]

where can i find the silv2 token adress

[elder dawn]

#🔗〕helpful-links message #🔗〕helpful-links

[dapper moth]

thanks

[queen forum]

so, I'm thinking claiming ILV from SLP everytime I'm at 4ILV, is that reasonable ? The GWEI in "rewards" dashboard is now 95, so that means per ILV approx. 0.000000095ETH gas fee ?

[gentle pumice]

95 gwei seems a lot i usually claim beetween 20-30 gwei. About the amount to claim i suggest to read this article from deraji infoluvial.io/illuvium-staking-the-value-of-claiming/

@cyan rampart anychance to get infoluvials link whitelisted?

[cyan rampart]

100% beyond my abilities to do so. You could ask Rich in #814313819185741845 .

[fervent geyser]

Hello. I staked ILV/ETH last november and locked it for 12 months.
Now It says upgrade to V2. Should I do that because it says network fees are high but I dont wanna cash out. I want to leave it in there to accumulate ilv.

Should I do the upgrade that illuvium.io wants me too? I want to leave the ilv/eth there for more rewards and it should be still locked

[cunning perch]

you have to upgrade otherwise you will not get any rewards or RevDis. (the same website you used to stake. look it up in #🔗〕helpful-links )

[magic ledge]

Hi guys if I have a spare $1000 aud should I bother staking it in the ilv/eth pool or just put it in the ilv pool so I don’t get smashed by gas fees

[magic ledge]

Ok thanks guys

[gloomy gazelle]

Wait for the low gas fees on the weekend.

[hidden current]

Yeah I much prefer the ilv/eth pool. Just such a good return

[magic ledge]

Ye ok do you guys know roughly how much gas fees would be taken out of $1000 on a low gas fee time . I’ve already staked in the ilv pool just wondering if I should stake in ilv/eth pool now as I found some cash lying around home haha just think $1000 is not enough deposit to bother with ilv/eth pool

[hasty thunder]

I think when gas was low it cost me around $40-$50. Its 2 or 3 transaction, i cant remember, but it was up to $50 for me, thats all i remember.

[frosty mist]

My understanding of low gas period should be in range of 20-30 gwei

[junior crow]

hi it shows i have 11.25 sILV2 claimed but balance shows only 7.19 sILV2

[ember ginkgo]

Because you only have 7.19 in your wallet

[final steppe]

Have you sold any of your sILV2 tokens recently after claiming them?

[ember ginkgo]

He sold 4.05 of his sILV2 8 days ago

7 + 4 = 11

[junior crow]

oh i see than i may have done that, i see now misunderstanding on my part than

[final steppe]

No problem! Never hurts to ask 🙂 Yeah, the sILV2 claimed statistic will be the amount of sILV2 you have claimed overall. So that number will keep going up if you continue to claim more, but it's not showing your current balance

[uneven cobalt]

Do I need to buy smooth love potion to stake?

[final steppe]

Noo, not at all. SLP in our case comes from being a Sushi Liquidity Provider.

You can stake either ILV tokens in the ILV core pool, or you can provide ETH/ILV to the liquidity pool on Sushi to get SLP tokens in return, and then stake those SLP tokens in the SLP pool. Some steps below...

[woven ibex]

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

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

See #🔗〕helpful-links for official links.

[uneven cobalt]

SLP price only goes down it seems. Is that a good way to stake?

[gloomy gazelle]

smooth love potion price does seem to only go down. But we don’t use that token here at all.

[woven ibex]

ILV Token: 0x767fe9edc9e0df98e07454847909b5e959d7ca0e
ETH/ILV SLP Token: 0x6a091a3406e0073c3cd6340122143009adac0eda
sILV2 Token: 0x7E77dCb127F99ECe88230a64Db8d595F31F1b068

[hasty thunder]

Well, everything goes down these days. Its up to you if you want to stake, depends on your goals.

[uneven cobalt]

So you guys just sell it after claiming?

[gloomy gazelle]

No.

!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 sILV2 you have it unlocked right away (sILV2 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]

Most claimed tokens are locked for 12 months as described above.

[brisk surge]

I’ve been staked in the ILV pool for nearly a year now, I know when my ilv unlocks in 50 days I can leave it to gain rewards while being unlocked. Just curious if the SLP would be a better option, now I have quite a bit of ilv and eth plus the apy looks great!

[dusty palm]

.

[proper prairie]

There might be a flip someday that changes that ilv only pool might get better, espacialy with token unlock if you assume lots of people stacking there the Apy will significantly decrease, that means that ilv only pool might get better because there you earn rev dis for the whole stake, in slp you only earn revdis for the ilv part. When you claim in 50 days token unlock of seeds are right around the corner. Take that in you consideration and maybe wait a little longer to see where Apy is goin to make a better decision (NFA)

[void crescent]

@potent sable made a video about the flip... probably in 8/9 months if i am not wrong

[elder dawn]

At this point, I'll take the over on 8-9 months. Back in January, I called it late this year. At this point, I think it's at least a year out. (NFA)

[void crescent]

Do you have some article in your website about it?

[elder dawn]

i hinted at it recently in my article on the value of claiming, and I did a video with Vetemor that isn't released yet where we talk it a little. I'm working on a few other things soon to highlight it. Obviously, given this week (and today), some things have changed. Holistically, to get revdis to be highly valuable, Illuvium needs mainstream adoption. Today in particular probably put that goal back and adoption curve is likely slower.

[void crescent]

thanks 👍

I am in a dilemma 😆 I have 5 ILVs that have been unlocked now. I don't know whether to swap half to ETH and put more into ILV/ETH pool ... any suggestion? 😆

[elder dawn]

Entirely up to you. Given today's prices, it's probably on the low end for me of what I would consider for the SLP, but your call on risk and percent for transaction fees.

[void crescent]

yes... gas fee are crazy... probably wait for a cool down

[cinder whale]

can some one tell me how much i will make a week if i stake 2 k right now >?

[tulip folio]

I'm going to withdraw each of my ILV unlocks (both an initial stake and rewards claims) and pair them with ETH then restake as SLP at 2.0 weight
The way I look at it, if you withdraw the ILV and add fresh ETH you will get WAY better APR but also get the same amount of revdis.
Alternatively if you withdraw ILV and convert half to ETH to stake SLP, you will get higher APR but get less revdis.
Who knows what will end up getting better yield overall, but I personally won't convert any claimed rewards to ETH to stake SLP, I will only add new ETH.

[tulip folio]

See my last message above, it's basically a tossup between more APR from SLP or more revdis by keeping it all ILV.

[gloomy gazelle]

Technically no. But we can say what the rate of return is right now. That APR is variable trending down over time.

about $7.42 of ILV per week (for now) if staked in the ILV only pool at the 12 month lockup for the maximum 2x weight.

[desert radish]

How do we calculate the amount of ILV eligible for revdis in a SLP token?
Is it SLP price divided by 2 then divided by ILV price?

[swift iris]

The amount of ILV tokens you put in originally

[elder dawn]

No, the ilv in slp varies. Easiest way to find it is go to zerion and see the current ilv. Or take the current slp price, divide by 2, then divide by the current ilv price. @desert radish , you were correct

[desert radish]

Thx, also. Should we consider SLP price trending downwards with time? As each epoch gives out less rewards. People would be less inclined to add liquidity as apr/apy lowers. And we could also consider ILV trending up? (Bear market might change thins quite a bit though. But considering a “normal” market.)

I’m trying to guess how to get the most ILV looking into a 2 year with a fixed amount of money.

[kindred moth]

Will there always be the same amount of ILV given out through staking or is it depending on the price?

[woeful wedge]

any basic staking video guide i can watch to get into it?

[craggy field]

This is a pretty old video, but is still pretty accurate, except for the staking gas fees. Check out all the other messages pinned in this channel as well for a lot more information on staking 🙂
https://www.youtube.com/watch?v=C6YugU4zZr4

[woeful wedge]

thanks youuu !!

[elder dawn]

As of now, the SLP is the greatest return for your money if the objective is maximizing ILV, but it can change over time. I disagree with your sentiment, though. While you are correct that each epoch the pool becomes less valuable, the real question at any point in time is which project/investment (or cash) should my money be in today? It's always easier to see where my money should have been in the past. The question for the SLP is that where I want my money now, and for how long?

[elder dawn]

There is a fixed rewards decay curve. Three years, 3 million ILV, decreasing by 3% every 2 weeks. It started June 30, 2021 with 100k rewards issued. We're currently in period 23 and 50,456 ILV will be distributed over the next two weeks. It is indifferent to token price.

[uncut sonnet]

Thank you all for helping me make up my mind. Just staked more SLP.

[elder dawn]

congrats! Do you mind sharing what your transaction fee was to stake on Illuvium? I'm trying to get a feel for the V2 fees yet.

[uncut sonnet]

I staked a couple of days ago. 2 transactions about $50 a piece.

Sorry, one was $20

[frozen pond]

!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.

[hallow lagoon]

!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 sILV2 you have it unlocked right away (sILV2 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.

[clever lintel]

Well said.

[regal marten]

omg those were the days.. 640% apy!

[clever lintel]

Miss those haha. About to plummet here with more unlocks coming, but all good!

[echo inlet]

anyone know where i can swap ETH for sILV token?

i was told its an unofficial pools but need help locating

[ember ginkgo]

sILV is not used anymore, you need sILV2. There is a pool on uniswap and you can find the sILV2 token address in #🔗〕helpful-links

[clever lintel]

any rules against posting a dextools link in here to help point HH in the right direction?

[echo inlet]

thank you! i thought i was losing my mind over here trying to find it lol

[ember ginkgo]

The bot is probably going to delete it, we try to keep the community safe

[clever lintel]

totally understand!

[echo inlet]

one last question. i heard that for land sale the sILV token will be pegged to the ILV token. Is that true?

[ember ginkgo]

1 sILV2 = 1 ILV inside the Illuvium eco-system

[echo inlet]

shit so i can basically get land for a 30% plus discount right now bc sILV2 token is much lower then the ILV token then

[ember ginkgo]

Correct

[echo inlet]

damn....

Looks like an early christmas

[clever lintel]

lol

[brisk surge]

Ehy, do we know exactly when tokens unlock? I knew it had been delayed by 1 month so should have happened already, right?

[ember ginkgo]

It got delayed by 3 months

[brisk surge]

Thank you, so it would be by the end of July?

[thin mural]

31 june if i remember well.

[magic hornet]

HELLO

[ember ginkgo]

[kindred moth]

will there be revdis for the T5 lands?

[ember ginkgo]

Yes

[kindred moth]

Nice, thanks for the fast answer! (as usual)

[hearty scaffold]

Just locked in my SLP for another 12 months. Was this the right move?

Thanks. Was a bit of a heart skip pressing the button. I’m locked in to the ride long term now LFG!

[pale walrus]

Question. What happens to SLP once the emission schedule is complete?

[void crescent]

Just unlock 5 ilv.... i swap 2 for eth and put in slp pool.... and the one that stay, swap for silv2 😂

[void crescent]

100% of revenue of illuvium go to revdis

[cunning perch]

Well at that point there will be more than enough token in circulation and there won't be a need to provide liquidity cuz there is no more yield, but RevDis.

[pale walrus]

When is this scheduled to finish?

[cunning perch]

It started July 1st 2021, add 3 years, it will be July 1st 2024 🙂

[brisk surge]

Is some one staking in ETH/ILV, how to calculate the loses what may be hapening, if one of the 2 coins will go down in relation to another one? or in general the loses what i may have. Thank you.

[cyan rampart]

There's a calculator here you can use to check various IL scenarios: #🥩〕staking message

It's in the pinned messages for future reference if you need it.

[brisk surge]

i have tried, but it is just 1 way sistem, from A to B, but what if the price is now is 300, is going down to 50 and on the end of the staking is 3000, + is not taking in calculation the APY, is asking for reward token but is the same as it is ILV, if is make sense what i am saying.

Just had in past experience when have lost a lot of money compare just of holding because of market declining, and impermanent lose.

[cyan rampart]

The calculator is meant to show your Impermanent Loss as compared to your staking rewards (which you'd have to estimate).

If you want something more in depth, I'd recommend using one of the calculators in the pinned messages.

Note that IL only depends on the start points and end points of the tokens you're providing as liquidity. If you provided liquidity today, and tomorrow ILV went to 50000 and ETH went to 500k, but by the time you withdrew your liquidity, both tokens were back to the price they are today, you'd have no impermanent loss.

Impermanent Loss is called Impermanent because it's not a realized loss until you withdraw your liquidity (i.e. it's not permanent until the point of withdraw).

The staking APR can definitely be affected by market conditions though, and the staking calculators can better reflect that.

[brisk surge]

thanks a lot.

[brisk surge]

last question. this 200% apy, you recive reward in ILV but from what number is calculated, for example i put 4k on Sushy, 1 eth/6.6 ilv, what will be the reward in ILV if the apy will not change? Thank you.

[swift iris]

APY is on the 4k total you put in

[cyan rampart]

From the total value of your SLP stake. So in your example, 200% of 4k.

[swift iris]

revdis is not though, revdis will only be for the ILV portion of your SLP

[brisk surge]

2 different answers 🙂 it is from the 50% of the 4k = 6.6 ILV + 200% = 13 ILV - impermanet loses, is that corect? Thanks

[swift iris]

no, you won't get 200% over a full year because the APY degrades over time

[elder dawn]

that's a pretty impossible question, and not really accurate to base any decisions off of. Blickter's answer is correct - in dollars. Because of how the SLP APR is set up, you also need to account for token price. Also, APR is almost guaranteed to go down over time because there is a 3% decay in rewards every two weeks. So, sure, if nothing changed, $4k in SLP today = 25 ILV in a year. However, because of the decay, its more likely 21 ILV if no one else joins or leaves the pool.

[swift iris]

revdis is completely separate from that, it won't start until people are spending money on the game
!revdis

!revdis

[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.

[brisk surge]

aa revids i was reading rewards 🙂 sorry, now all is clear.

[swift iris]

gotcha

[brisk surge]

will join for sure, there in sumer is starting to be unbloked tokens from investors.. hope will not happen like luna, just dump..

[elder dawn]

luna was a completely different situation. Kieran has shared he doesn't expect extensive dumping from team/seed, but there's also vested staking rewards. Certainly the next few months will be interesting, and hopeful we continue to progress through beta, IZ launch, into open beta, which is really the ultimate fighter against token dumping.

[brisk surge]

hope the team understand this, and will luntch the game or beta for more peope before the 1 year lock period.

[brisk surge]

Im gonna go out on a limb here and assume the team understands the tokenomic system that they designed.

[timber sequoia]

Man... the team is goat... u Will never find better in gamefi

[mild sable]

What do you argue about?)

[brisk surge]

no you both did not underestend me corect, i did not mean it is bad, i know is good i am in this project 1 year, as investor. i just mean some time the time of lunch or anonsement in crypto is very important. The game is good i am sure, is just if it also will make some one to make money, i mean regular peope, they will spred the game. if not, in the game will play the peope who have invested 1-2 years ago 🙂

[brisk surge]

nothing just conversation. Trying to figure out, in first place, is good investment now in staking eth/ilv or best to buy ilv, if you belive will grow x10.

[mild sable]

Most likely, no one will give you the right answer) but risk it is worth

[brisk surge]

for me i decided to buy ilv direcly as 1 ear, staking is not that profitable if expecting high gains on this coin, in what i belive will hapen after the game will launch.

[pale walrus]

Yes revdis is the exciting unknown. It may that there is a point it's worth more to have owned ILV then to stake SLP. But I'd suggest that won't happen for sometime. Unless it goes to level Activision/blizzard/riot

[brisk surge]

will be enouth to go to the highest leves of axy. to make a lot of money, just by holding the coin.

i am going now, and trying all the games in crypto, and there is almost all scam. and bad gameplay, thos games do not have future.

[pale walrus]

Oh yes. I too have done this and lost all my capital pretty much. My journey started with cryptoblades

[brisk surge]

did you left which somting useful? i just found SkyWeaver, is any good?

[stiff seal]

in the web3 space. I think ILV will definitely reach the level of these 3 game studios you just mentioned.

[hot lynx]

So what date are you saying 10 X if staking for 1 year you say is too long

[storm onyx]

Question, if I claim staking reward as ILV and want to restake it do I need to withdraw it to my wallet and obtain the equivalent eth and provide liquidity to sushi first?

Before I can stake it in the eth/ilv pool?

[swift iris]

I believe so, note that it will be locked for 1 year before you can do this though.

[storm onyx]

@swift iris i see, so automatically reataked after claimed?

I'm new to staking

[swift iris]

This is from the rewards tab on the website: "Rewards
ILV yield rewards are subject to a 12 month vesting period.
While they are vesting they compound your rewards.
sILV2 rewards are unlocked and can be used in-game once the game is live.
Revenue distributions are unlocked and can be claimed as soon as they're available in ILV."

[hearty scaffold]

Something really interesting that I see as a real positive for SLP - the upcoming ETH merge is expected to introduce a supply shock and value increase to ETH. This would assist with keeping or increasing the overall value of SLP as it is generating passive ILV

[storm onyx]

Thanks for that. Do we still have to claim it to compound it?

[cunning perch]

For any compounding to happen, you have to claim ILV manually.

[storm onyx]

Thanks for the reply

[tropic parcel]

Are revdiva distributed to SLP stakers?

[crystal notch]

I believe so, but only on the ILV portion. not the ETH

[mossy pulsar]

hello i claim my rewards but i dont see in my wallet ? i can see at dashboard

[nocturne cypress]

It will update

[craggy field]

Claimed ILV rewards will be vesting for another year before you can unlock them and send them to your wallet.
sILV2 will be available in your wallet right away.

[mossy pulsar]

how many silv2 will be available ? and when ? i cant see them

[craggy field]

When you claim your rewards as sILV2, thát amount of sILV2 will be available in your wallet. You will have to add them as a custom token to metamask first before you can view them.

[mossy pulsar]

may i sell silv2 and no lock right ?

[tropic parcel]

sILV2 can be sold on the open market, or used as a sole payment for land during the auction or eventually as fuel in game

[crystal notch]

so i heard about some token unlock thats happening soon.... is this for ILV investors/holders? how many tokens are getting unlocked?

does this mean they can potentially start dumping ILV on the market?

[nocturne cypress]

Unlock breakdown for dummies:

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

Unlocking March 2022-March 2025
1.4m Team 38,888/month

Unlocking July 2022-July 2025
Yield farm rewards - approx 125,000/month over the first year
Yield farm rewards - approx 62,500/ month over the second and third year

Ingame rewards starting March 2022
1m tokens -Unknown/month

Treasury spending
1.85m tokens -Unknown/month

Total Unlock/month March2022-July 2022- 213,887/month
Total Unlock/month July2022-March 2023- 338,887/month
Total Unlock/month March 2023-July 2023 - 163,888/month
Total Unlock/month July 2023-March 2025 - 101,388/month
Total Unlock/month March 2025-July 2025 - 62,500/month

Circulating supply End of February 2022- 635k
Circulating supply End of June 2022- 1,490,548
Circulating supply End of February 2023- 4,201,644
Circulating supply End of June 2023- 4,857,196
Circulating supply End of February 2025- 6,884,956
Circulating supply End of June 2025- 7,134,956

The above are educated estimates and may not be 100% accurate.
This does not take into account tokens that may enter circulation from ingame yield or from treasury spending.
Tokens are considered circulating once they are initially unlocked, regardless of whether or not they become or remain staked in a core pool.
The Yield farm numbers assume that ONLY ILV is claimed and does not adjust for any sILV that may be claimed.
Unlocks start March 31 not March 1, So everything happens about 1 month later than the above suggests.

This is a bit old every thing starts June 30

[nocturne cypress]

It is possible that people dump their tokens but this are early investors and probably won't sale at the bottom and rather stake them and continuing getting revdis
Also we will have buy pressure through the land sale which can help a lot during the release

[crystal notch]

buy pressure from land - but thats SILV2?

[nocturne cypress]

Not all land can be bought up with silv2
Some millions will come from eth
Tier 5 can only be bought with eth and some big parties said the will bet up to 4M-5M but won't tell how much they are really able to spent

[crystal notch]

yea thats right. but the unlocked tokens will be ILV?

[nocturne cypress]

Yes around 6 million

In 2025 will the cyrculating supply be at 7M ilv

[lime crater]

Really?

[nocturne cypress]

What?

[swift iris]

That's a great summary, is that public somewhere or did you do those calcs?

[devout bobcat]

tokenomics are public

[nocturne cypress]

it is public 🙂

[normal lantern]

Its not up to date is it?

[swift iris]

But where? I know the whitepaper has the number of tokens in each round, but not sure where to find the unlock schedule, especially monthly

[elder dawn]

I have the unlock by day in my dashboard (tiny url in my profile) - go to the "Unlock2" tab, and you can see for seed, team, and staking, what the exact daily unlock will be over time. This is connected with staking claims, so it should be more accurate than the monthly averages shared elsewhere.

[brisk surge]

This is no longer up to date. Check the pins in #💰〕token I have an updated version accounting for the change made by IIP-17.

[tropic parcel]

That's helpful. Tiny urls are also terrifying.

[elder dawn]

no doubt on tinyurls - apologies. its just since its a google sheet, the link is more characters than the profile is allowed 🙂 I'm hoping I have enough community trust that I'm not too shady.

the link is also pinned in this message if it makes people feel better. #🥩〕staking message

[tropic parcel]

Thanks!

[queen grove]

How do I use Zapper.fi to find the SLP price?

[swift iris]

Awesome spreadsheet!

[fervent forum]

Just bought my 1st ILV token! Swapped some ENS tokens that aren’t doing much ! I would rather seen tokens get out to good use than just sitting there gathering dust ! 🚀

[gloomy gazelle]

Probably putting the eth/ILV SLP token contract somewhere.

[candid dove]

Gas is crazy low right now. Good time to claim.

[warm hill]

Good reminder. I’ll check mine.

[candid dove]

It did go up a touch as I wrote this haha, but still pretty good.

[iron pebble]

ty,

[maiden nacelle]

hey guys! im new to staking ! i sort of understand how to stake, but not where to buy ILV . Can anyone point me in the right direction please and thank you

[tacit cedar]

Uniswap is the best place. Best to check for pinned messages in channels (Aaron did one somewhere) that has all the correct contracts to avoid scams

[ember ginkgo]

Check #🔗〕helpful-links

[maiden nacelle]

Thank you guys so much ! I look forward to our many conversations. ! Also is there anyone you guys can think of in the community that would take pride in helping me n a shapes b forms ! I really wanna invest my whole grind and hobby into this ! 😌🙏🏼

[ember ginkgo]

Don't trust any DM's, they are scammers trying to steal your money

[woven ibex]

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

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

[craggy field]

I do like helping people put their money into Illuvium tho... if I get them to unlock later than me, I win! Lol
I'll never sell though 😅

[maiden nacelle]

Well I would like to kindly ask if you could help me out my money into illuvium ! 🙏🏼 I’ll oblige the best I can

[craggy field]

First of all, looking at the pins in this channel would be a good start. There are a bunch of calculators on the returnz, the gas price and at what value you oughta claim etc. Familiarising yourself with all the content in this pinned tab is pretry important.
But if you just want to put some money into ILV then i would recommend watching this video:
#🥩〕staking message

It is a little outdated but still goes over the key ways of buying ILV ór SLP. 👍
But before staking anything make sure you buy a hardware wallet. You wouldnt want to make a mistake and lose your funds when the rewards unlock in 2 years from now. You have to keep it safe through that entire time :)

[maiden nacelle]

Wow thank you so much ! @craggy field did not expect that type of detailed advice /direction ! Thank you again ! I’ll get right to it 🙇🏻. Do you mind if I reach out for any more questions , i promise I won’t flood you with pointless common sense type questions ! And I respect ya answer and appreciate you regardless

[craggy field]

Sure, but my advice can have holes in them so always try to look further than what i recommend :)

[maiden nacelle]

Forsure ! Did you by chance get into the beta already ? And if so what’s your thoughts !? And if not what are some ways to get onto the beta that you know of.?

[craggy field]

Ofcourse the beta is gorgeous looking with a bunch if intricacies that require you to think and practice on.
The only way now to get in is by having luck, aside from being active in the discord. Before, discord community members were allowed from lvl 5+. Now, almost all rangers are already in so the survivors (lvl 1-4) are left. And idk if they will have any way to categorise them. So be active, keep faith, and register for beta on the site. 👍

[potent flare]

to claim both pool in 1 tx, i have to do the ilv one or the slp one

nvm, got it ^^

[versed coral]

Yesterday I have claimed ILV rewards, it has shown as failed but on etherscan it was accepted and went through. I also see the rewards on vesting tab, but they aren’t added to my dashboard ILV amount and the total ILV claimed amount yet. Is there anything I need to worry or is it just a display error ?

[final steppe]

Hey Light! When you get a chance, will you send me a DM? Feel free to include your wallet address and screenshots of what you’re seeing on the Staking site and let’s see if we can sort it out 🙂

(And don’t trust any DMs you receive! No mod or team member will DM you first)

[remote mauve]

My SLP is finally unlocked. Will unlocking SLP auto stake my unclaimed rewards automatically? Grab some ethliz or buy a ton of silv2 and sell into the upcoming land sale...