🥩〕staking

[amber iris]

It NEVER changes. How about MORE rewards for all the people who just got stucm bagholding this instead of selling out and leaving at $1000? Not LESS rewards. Kill this idea instantly

Screw "later". This is a slap in the face to even broach the topic!

[coral pike]

you fail to realize ANYTHING can change with the communities approval'

[amber iris]

People could be thrown off tall buildings with the coommunuties approval too but that doesnt mean we should start talking about who we wanna kill!

[cunning perch]

M8 you are taking it too far. You're down in investment, we get it. No need to scream it every where. You can simply sell upon unlock no one is stopping you. Everything is proposed and then voted upon by the council. If they reject it, it will be rejected. if it is approved, it is approved.

[amber iris]

This is a joke. You can't hide behind the fact of "iTs A dAo AnYtHiNg CaN hApPeEn" to hide behind absolutely terrible and unfair ideas

[coral pike]

and you solely determine what's a terrible or unfair?

[amber iris]

Not a single person can tell me how this idea makes any sense. Just that "its legal by the law!" Just like the supreme court justices who overturned abortion! No logic but the clown show rules let us do it sucks for you! What kind of DAO is this lmao?

Just because you can vote to destroy all the code for the project, that doesnt mean you should. There is no reason on earth to scortch early investors that bad

[cunning perch]

You are 100% free to believe what you wanna believe and absolutely no one can stop you. Here they proposes, it gets the vote as ppl have chosen the council. you don't like it, you know what to do.

[amber iris]

So you have nothing to defend this joke of an idea?

[cunning perch]

sth that seems a joke to you doesn't mean it's a joke to everyone.

[amber iris]

Can i please talk to someone who came up with the idea?

[coral pike]

https://tenor.com/view/all-of-this-pointing-up-there-see-this-gif-14720503

[craggy field]

Talk to Aaron or me, i like the re-locking

[ember ginkgo]

You seem to still not understand that mods are neutral. Try reading what we are saying instead of trying to defend your own opinion.

[amber iris]

Then youre a mouth piece not a person LOL

[cunning perch]

YOu can always ping Aaron as he has always mentioned it toooo many times he will read the pings

[craggy field]

But aaron is sleeping rn (me thinks) so he might get back to you in a couple hours xD

[cunning perch]

Correction: whenever he wakes up 🙂

[ember ginkgo]

Imagine a moderator explaining stuff

[amber iris]

Bro this is a discord chat room about an nft project, i dont want a mod shitting on everything i say and then telling me theyre neutral. You guys are not neutral at all. Ive been highly offended by things posted @ me by yellow names in here more times than i can count. Its always blindly defending this project

[craggy field]

Correction he is still awake lol

[amber iris]

Please, id love to talk to someone who actually knows something. This is a huge miss that needs to be rectified

[coral pike]

im not a mod and i think you whole rant is utter garbage

[cunning perch]

Keep it civil and you won't get PMs from the yellow names. Also Mods never offend anyone. They just state facts

[amber iris]

Congrats Mr Polemos. You never said 1 thing to help create a discussion, just told me it was leehgul man fook off

[amber iris]

Do i need to fish for screenshots of all the crap they've said to me? And then mute me for no reason? They are a joke

[coral pike]

as i said you're argument is emotionally charged irrational and illogical. you are rant about wanting 2 x revdis forever yet are apposed to somthing that is in line with you getting 2x revdis forever not to mention this is not going to happoen fo a while

[amber iris]

This project is giving me vibes of a total scam from the employees in here. This is scary im not gonna lie. I am seeing a total ignorance and uncaring about addressing peoples concerns and taking them seriously. A culture of seeking to dismiss and cancel any challenges to the norm

[cunning perch]

By all means provide proof why you think you got muted unjustly.

[craggy field]

I personally thought this was an interesting lockup scheme. Where you retain your 2X, but get additional weight once you re-lock.
The weights are adjustable. But tell me what you hate. I didnt read the entire convo xD

[amber iris]

If someone wants more weight than me, let them agree to lock up another 12m. Then im fine. Otherwise ehh. If my weight isnt touched and im not forced to relock, then im ok with it.

This is the 1st post by anyone in here actually attempting to address my questions, wow

[craggy field]

So, if the weight goes to 100x if they re-lock. Then would you still be OK with it? Basically you would keep your 2x weight but it would be worthless

[amber iris]

No that's a ponzi scheme. It would need to be small increase

[craggy field]

Ponzi scheme? Why, they just get a larger portion of the pie because they show faith in the project 🤷‍♂️

[cunning perch]

Your concern have been answered here by many ppl. You vote for council, they vote on a proposal. Things could have been better and could have ben handled better, and apparently you have missed the whole convo in the #809220563397902346 which I also mentioned here just some minutes ago #🥩〕staking message

[ember ginkgo]

My bad, I didn't see the "This is a scam" as a question.

[amber iris]

You cant make my 2x worthless. You can make others stakes reasonably worth more, that's fair. If its optional.

Bro not by 50x. That's basically forcing me to relock or lose all benefits...same thing im complaning abouy

Doing a scheme like that is literally a ponzi so big stakeholders can unload. I have no issue saying that at all

[coral pike]

lol you seem to like to personally dictate what can an can't be done very entitled of you.

[amber iris]

Keep in mind, im coming from a perspective of thinking the rewards you get for a new 1 year lock rn are actually a meme. You guys delayed the game 6-12 months since i got here, i was under the impression wed have revdis before unlocks. None of that. Ok fine, i get that. But to ask ppl to lock up now, what for? You can't trust timelines given by this team

[amber iris]

Let me know if you actually have anything to contribute otherwise im done interacting with you. Literally 100% of your messages are like this and 0 are of any use

[coral pike]

yes becase only your views matter right?

[amber iris]

LOL @ember ginkgo BRUHHH

[craggy field]

So the relocking thing is purely there to be discussrd in depth on a later date. So this IIP by no means adds that re-lockup part. It just tells you that it can still be discussed.

So if we were to discuss it:
What X would entice you to re-lock?
I mean thats the entire thing here with that discussion on relocking.
Locked tokens will more likely attract new investors as the older holder cant unload after new investors jump in.
Obviously it looks better if nobody has to lock up, but if the 12 month locking period is a thing, then the new investors need some kind of promise not to lose everything.

So, if we want you to re-lock. What gain on the re-lock would be big enough for you to do that? And what percentage of the other investors should you wait for to lock up again?

[amber iris]

Did anyone see the mod just insulted me then removed the post LOL? Mr "Im Neutral" 😂😂😂

[ember ginkgo]

Miss Neutral*

[craggy field]

Ms froggy

[amber iris]

Is it possible to hire mods with a shred of emotional intelligence? Instead of schoolyard children?

[ember ginkgo]

You think insulting mods is going to help?

[craggy field]

Get back on topic please xD if you want to discuss then do it and dont fight with others xD

[amber iris]

Ive never seen mods this bad before. And ive talked to a ton of people on this server who said they were so bullied and silenced by yellow names

[coral pike]

@amber iris the fact is i am for relocking and for the increase to multiple year weight locking for 2 years at 3 or 3 at 4 ..not the mmods its you

[amber iris]

Fraggy insulted me after telling me not to insult people. Im off topic ? Ive been on topic, look at mods posts, they are basically just trying to cause more conflict

@craggy field only person in here who isnt trolling me

Literally the official names and regulars here are zombies all with the same exact official statements and opinions

[ember ginkgo]

Maybe scroll back and see how many time you insulted me to start with. I already asked you to stop the poop and clown emoji's but you don't seem to care about anyone but yourself. I never insulted you, I just voiced my opinion that you don't bring anything to this conversation since you only think about yourself.

[amber iris]

I would love to talk to @median canyon when he is free and has a minute if he is someone closer to this

[craggy field]

Solarstorm is always a little confrontarional.
Arash has sent you to the IIP discussion. The discussion part in the IIP is not voted in through this IIP. So we will have plenty of time to "stop" the re-locking from happening.
And you make a big deal out of it. Thats fair. But you dont have to yet. There will be a time to voice your opinions on relocking, but now is not necessarily required yet 👍

[amber iris]

This project becomes a case study in why never to lock crypto up again as soon as you remove or dilute benefits promised to early stakers. Not just some small benefits, literally the entire premise for doing a long time lock

No credit is given to how serious of a commitment locking up an asset that can do +-30% WEEKLY ! Doubly so no credit is given seeing that the literal worst case scenario humanely possible has played out for the exact group of people who would lose benefits from this idea

Ive needed just a small chunk of the $ from this for 6 months now, but i cant get a dime while people who dont care about the project dumped and laughed walking away from this mess. And now everyone in here is saying fuck you we want you to do this again just to retain what you had before? Fuck outta here man

[craggy field]

Yes it will be interesting. It was never "officially" promised. But i do agree that it would look bad to remove the 2x weight. Adding higher weights to make it less interesting to stay unlocked and incentivise new locks will be better than just completely nullifying the token weight of unlocked tokens.

But look, more people disagree with you and thats also how you can voice your opinion.
#💰〕token message

Right now you dont have to go ham about it. There will come a time to fight but that is not now as the IIP is purely on revdis and not on the re-locking :) it just states that further discussions are possible

[amber iris]

I disagree that now isnt the time. Because this shows an alarming lack of caring about early investors by leadership. And they need to know and change course

[wet timber]

I also dont agree with relocking tokens

[craggy field]

I linked to your message ^^ I gotchu 👍

[amber iris]

I need to know the team im investing in is good. Right now there are red flags going up all over the place from A) how im treated in here when i disagree with popular opinion, and B) that idea even being mentioned at all

Also C) "we promise revdis before major unlocks"

[craggy field]

:] well if the IIP is voted on in the next 3 days, and then it is passed, we could get Revdis immediately if the system is ready.
And token unlocks happen in 5 days 😏

[worn turtle]

B)… you’re over hear complaining about censorship but then mad an idea is mentioned?

[amber iris]

Its a total JOKE it wasnt ready to be done right after the land sale. Where is the accountability by this team?

[wet timber]

Its just a discussion point for now, not actually happening

[amber iris]

This idea needs to be burned at the stake before it grows wings. And the team member who came up w it needs a talking to about taking care of early adopters

Again, selling just 10% of my stake within a wide range from the top > staking this forever

[wet timber]

I think its a terrible idea as well

[craggy field]

Idk, i like it

[pure eagle]

I also don't agree on re locking but your whole F*** this F**** that totally dilutes some valueable point you make. Of course if you disagree with a popular opinion you will get people to go againt what you think, it just looks like you are throwing a tantrum for someone only suggesting something you don't like

[amber iris]

Yeah well its frustrating when i am ridiculed constantly by 90% of ppl in here just for bringing up unpopular opinions

[wet timber]

Ready money finishes and revenue never does is what i will say to that

[amber iris]

Instead of responding to substance of what i say, most yellow names in here literally just sit there like "you down bad stfu"

[misty karma]

I haven’t seen anyone ridicule your opinion. I have seen people be upset with how you’ve said things. Stop with the victim complex. If you’re not constantly swearing no one would have said anything against it and people have even said they agree with you

[amber iris]

So when i get that type of disrespect from project members im going to get angry. Im sorry but get better mods

[amber iris]

Lol you havent looked thru my history here then. Never seen you all the times i came in asking if rewards for stakers could be improved from the completely unappealing state theyre in now

[ember ginkgo]

Yeah @worn turtle, can you hire some decent mods?

[craggy field]

Me but only if im allowed to continue being me xD

[amber iris]

I get called down bad and mocked by yellow and green names alike

[misty karma]

To increase staker rewards you’d have to take tokens from elsewhere. 200% apy is great and not sure how many other legit tokens you have it that stable for this long. But either way this is a discussion for #809220563397902346. You can keep saying your opinion here but if you don’t post in the proper channel it’ll get lost

[ember ginkgo]

Can you show a yellow name saying you are down bad?

Must have missed that message

[amber iris]

I dont like LPing so its the single sided for me. Its a joke to ask for 1 year lockup right now to get +7%

[ember ginkgo]

Isn't it 17?

[misty karma]

Single sided is literally free money and the only risk is holding the token that you invested in. Slp is the only one that has risk because of IL lol

[steady trellis]

Don’t complain to the team, complain to the thousand of people believing in the project and doing like you, staking ilv 🤣

Rewards can’t be created from thin air, we are not a tomb-ponzi here 🤣

[amber iris]

No man, the risk is locking up a token so when it goes 20x you are stuck and then it dumps to literally where ya bought in. And that risk is being universally unappreciated from my vantage point

[misty karma]

No one forces you to lock a year. You locked a year to get 2x free rewards. It’s the same as any other token that you would hold or lock up. If you don’t want to risk large swings in token prices then lock up shorter durations

[amber iris]

The rewards need to at least somewhat match the risk. @ember ginkgo its like 17% w/ the 1 year lock

[devout bobcat]

honestly you shouldnt be in crypto if thats a problem for you. Thats the risk that you signed up for while you staked. Markets can go up and down.

[craggy field]

It is crypto... we have seen Luna crash in 7 days man <7 days is not an option 😬 😬 😬 😬

[devout bobcat]

Why did you stake in the first place? You could just hodl and sold at 1000$+

[amber iris]

Ok, but my point is, forget my specific situation. If any rational human being was looking at staking now, how do you say 12 month is anything but a scam after what just happened to the people doing it now? We were promised revdis. Keiran made it seem like the gamr was coming Dec 2021! And now theres whispers to change staking benefits? Literally everything was a lie from the premise i staked on

[misty karma]

Luna crash isn’t the same as holding a token for projects. Luna was doomed to die from the start so they’re a terrible example for anything crypto lol. Algorithmic stable coins are something I won’t get involved in for this reason exactly

[amber iris]

Thank you for useless stock response #9293747472

Forget Luna, that's an extreme abherration. 1/100,000

[devout bobcat]

Okay bye bye, blocked now

[steady trellis]

8.8% is already good enough

[amber iris]

There is no way +7-8% for doing 12 month lockup is worth it seeing how this coin moves. You are objectively making a bad financial decision. The program is not good for investors and should be altered or removed

The fact that it isnt tells me whoever is steering the ship here is not ethical

[steady trellis]

Anyway that’s the tokenomics, once again, the team can’t create token out of their butts.

[misty karma]

How’s it a scam when we don’t force you to lock? I think your definition of scam is wrong. Games take a long time to develop especially as more things get added to it. The risk with investing in projects early are delays. I understand being upset with delays but even outside of ilv I suggest you considering delays in your investments In the future. I knew a bear was coming in 2022 so I mitigated my risk by full locking in slp since it gave insane returns.

[amber iris]

See above. They can discontinue rediculous lockup periods for a project with such an uncertain future and history of badly missing timelines

[misty karma]

Or people can be adults and make their own financial decisions

[amber iris]

Im gonna start a website where you can lock up crypto and in exchange it gives it all to me. Im not forcing you to lock so how is it a scam? CMON MAN. Theres no regulations in this space

[steady trellis]

Your opinion

I want the team to allow me to lock for 20 years with a weight of 20.

We can all have opinion, doesn’t make us right.

[ember ginkgo]

Can you make mine? You seem to know what you are doing

[amber iris]

Again. Just because you can doesnt mean you should

[misty karma]

Lol I can’t argue with you if you don’t see the difference between a real project and you saying you want to create a site that does nothing. Submit an iip if you don’t like something

[amber iris]

All i hear is excuses for offering a shit Defi product. No rational for how 7% gain is enough for 1 year lock!!!!

[misty karma]

Im okay at making my financial decisions but not confident to make it for others lol. Im happy to gamble my money

[steady trellis]

It’s a game, not a defi product 😱 the hell are you talking about 🤣🤣🤣🤣🤣🤣

[amber iris]

Make max lock 3-6 months going forward when team cant deliver on yime

[ember ginkgo]

Since you are already locked for 1 year, you have double the tokens you started with already. That also counts

[amber iris]

I didnt even get 60% yield Lol

[steady trellis]

Not enough, let get more from the project and destroy the intrinsic value

[ember ginkgo]

How often did you claim rewards? I sure doubled my stack

[craggy field]

I locked my money at a bank before all this inflation and such and got 3-4% interest for locking it up for 4 years.
I think 7-8% for one year is cool.

[amber iris]

For the 5th time, no. Again. Discontinue redic long time period instead

[misty karma]

If it’s a shit project why are you here? Lol

[ember ginkgo]

Gamble some my way

[steady trellis]

Just lock for 1 month man, I know you can do it, the interface wow you to

[misty karma]

Right. Slp was like 4x stack.

[ember ginkgo]

Yes, I didn't have you as an financial advisor yet back then

[steady trellis]

Or easier … just … you know … don’t lock anything 😱

[amber iris]

Because again, i was told things like, game may be out in winter 2021, stake for 1 year for 2x weight and revdis forever. Now i am seeing nothing but the insiders who have all of the token supply looking to kill the promises that were made and redirect it to their pockets.

How much ILV has Kieran sold?

Why has Kieran sold any ILV?

[misty karma]

How are we killing promises and redirecting it to our pockets? Can you provide evidence of this?

[steady trellis]

Thats true about the delays, but that’s another problem that you’re mixing here

[ember ginkgo]

I know he sold sILV to refund people for the exploit? Not sure if he sold any ILV

[amber iris]

I can lead a horse to water but i cant make it drink

[misty karma]

Aka you have no evidence and are talking out of your ass now lol

[amber iris]

Do you know anything about this project?

[ember ginkgo]

No, they can't find good mods

[misty karma]

I was going to go small in ilv before I got the job. Then rah said don’t be a bitch and I took a 401k loan lol

[steady trellis]

Can I please have 3000% Apr, unlocked, and an alert 3 days in advance by the team when the token price is going to go down ?

Will make an iip about that 😮

[ember ginkgo]

holy moly

[craggy field]

Seriously? That would be cool tbh next level shit 😂

[ember ginkgo]

Write up the IIP and we will discuss and the council will vote

[misty karma]

Yeeee. 1/3 of the money cleared at like $32 too lol

[steady trellis]

No idea what is a 401k loan, but it’d respect the big balls of yours for that anyway 🤨

[amber iris]

Its the false words and broken promises. Again, "revdis before big unlocks" "game out in winter 2021" "lets change the staking rewards system"

[craggy field]

Thats fucking badass. Big dick plays 😂

[amber iris]

Why no revdis for stakers? So VC can dump higher! Watch how fast we get the revdis if ilv drops to $40

[misty karma]

Right I get delays but you said you had evidence of us basically stealing money. Where’s the evidence?

[steady trellis]

Yeah well, that’s another issue. Asking for more rewards won’t change delays.

[ember ginkgo]

What are revdis?

[misty karma]

Basically it’s a retirement account in USA from my old normie job

[steady trellis]

Show us your 401k loan status please wanna check you didn’t repaid it with my token 😠

[amber iris]

Who benefits from tokens being locked again like this? Insiders who want to dump

[ember ginkgo]

Matt gonna dump on us, he hates his job and wants this project to go to 0 👀

[steady trellis]

Ohhhh ok, soo you use it as collateral for a loan ?

[amber iris]

Why has Kieran sold any ilv? No one addressed this. Its really not a good look to sell shares of a startup before product launches

[misty karma]

I would bet money 4000 eth will not allow anyone to dump higher lol. That’s a small bump in price maybe. Also I’ll say I’m on the side that doesn’t want to relock but I understand it’s healthier for the protocol to not allow unlocked tokens to get revdis

[steady trellis]

Wait 4 days, 95k ilv unlocking going to be party time

[craggy field]

Where did he do this, just give us the link from his wallet and the transaction hash

[amber iris]

You have no grasp on economics or finance then

[steady trellis]

He didn’t sold ilv

[misty karma]

No I basically took out 1/2 the money and I pay it back monthly with no interest. Freeeeeee money. Not really free lol

[ember ginkgo]

Do you even know anything about this project?

[craggy field]

He is knowledgeable. See,his name is green. No mod -> knowledge.

[ember ginkgo]

[steady trellis]

Me ? Not at all ?

[ember ginkgo]

vyper teaching me how to mod

[craggy field]

Have you become good yet?

[steady trellis]

He certainly meant Kieran sold silv2 though and never read all the post of Kieran on why he did sold

[ember ginkgo]

That can't be it, that's what I said

[ember ginkgo]

No

[steady trellis]

Oh boy … that’s escalating … ban is coming …..

[craggy field]

Wen

[steady trellis]

My god this discussion is fun after 5 whisky sour, 3 Long Island, and 5 penicillin

[misty karma]

Finally someone is 😄

[ember ginkgo]

https://tenor.com/view/oogway-my-time-has-come-gif-8019684

[exotic igloo]

Lol

[misty karma]

I didn’t tag him but he was summoned anyway. Satan.

[ember ginkgo]

Dayuuuuuum

How you doin Rahdaddy

[craggy field]

Time to read the IIP i think

[ember ginkgo]

[exotic igloo]

https://tenor.com/view/dr-strange-third-eye-really-gif-25317304

[worn turtle]

Much overdue

[worn turtle]

Oh snap he’s here

[ember ginkgo]

You probably scared him off already

[steady trellis]

He is with Aaron in the iip channel @ember ginkgo

[ember ginkgo]

[brisk surge]

Viper has always been a salty little seahorse. He thinks anything that doesn’t work the way he want a it to is a scam.

[steady trellis]

I’m applauding and respecting Aaron patience

[steady trellis]

Ok that make total sense

[normal sable]

👀

[worn turtle]

Very high level

[potent flare]

yeah, Aaron was very impressive with his composure there

[hasty yacht]

I would like to get proof why 2 members got banned for though. Aaron personally in my DMs accused them, but when I asked him for proof, he ghosted me

[spice schooner]

🤣 🤣 🤣

[potent flare]

Lets be hones, whoever got banned, probably deserved for being too sassy

[gloomy gazelle]

Let’s NOT have this discussion in #🥩〕staking. #814313819185741845 or something would be better.

[vivid ruin]

@ember ginkgo damn i see you guys had someone testing your patience heavily last night 😅

[jolly mortar]

anyone here really worried about what happens when the game comes out and starts making money? axie made millions a week and i am super confident the ILV will kill it and make way more than Axie but looking at the IIP the proposal says that to start with they are only going to give us 15-20% of the rev div from the land sale? am i reading that right?

[potent flare]

you are not reading that right

[jolly mortar]

and the reason for only 20% is because they worry about the price of ilv being muniplulated?

[jolly mortar]

so 100% of rev is being distributed?

[potent flare]

yes, but not all at once. I cant really remember how its gonna be, but all 100% is distributed

[jolly mortar]

yeah thats my point

not all at once. this is the problem

[potent flare]

Again, i think you are misunderstanding

Its not like they will give 20% and gonna wait, the contract will execute buys on the market not in one candle, but throughout multiple candles, the ilv will be gathered and distributed continuously evey day until everything si given out

[jolly mortar]

yes i understand that, thats not the issue. the issue is ILV is going to be making lots of money everyday and the reason that they are spreading out the buy back is the price being manipulated. i understand that but what happens when they have to buy 10s of millions of dollars worth of eth? the price is gonna sky rocket. and as an early investor this is why i brought ILV

theres even less ILV then 10 million now as Silv has burned how ever many

[potent flare]

yeah, so whats the issue?

[jolly mortar]

how are they gonna spread it out with out it being manipulated? \

[brisk surge]

They are spreading it out to prevent people from front running.

[potent flare]

well it is written in the IIP how, i literally cannot give a better answer than waht is written and the equation they provide for it

[jolly mortar]

im talking about this " Day 1: The Vault contains 50,000 ETH. The daily target is therefore 50,000 * 20% = 10,000 ETH. Since this value is higher than the maximum daily distribution of 5,000 ETH"

we are going to smash that target. easily!

this is long term thinking but needs to be sorted. the resaon its set at max 5000 eth a day is to stop people front running as u say. but that shit happens sorry to say

[potent flare]

that is not a target, those are placeholder numbers so you could visualize wht they mean

it can be 50k 500k 5m, it does not matter the math is the same. They are showing you the math and the logic, not the target numbers

[jolly mortar]

20% is the target per day right that will no change? that is set in stone?

[potent flare]

Nothing is set in stone in a DAO, anything is subject to change throug a proposal and voting

[jolly mortar]

yep understand

i can see this becoming a massive problem. and the vault exploding with ETH and the market becoming so volatile

[brisk surge]

I’m optimistic about revenue but it’s unlikely that we make 62 million per day.

[jolly mortar]

but people will be taking silv2 flat out that ilv coin itself will pump even with no Rev dis. add millions of ilv sent to poeple its gonna be fucking crazy

[brisk surge]

5000 ETH is over 6 million daily. If we end up exceeding that then rmax can always be increased by a new iccp

[craggy field]

iip 22 states:
Revenue distribution must be simple and understandable. The proposed mechanism is robust and gives the Council the power to adjust the parameters quickly.

[jolly mortar]

im talking billions longer term stuff which needs to be sorted asap. movies other games all the merch everything

[craggy field]

Why does that have to be sorted asap :) rn we arent even close to game release yet!

[jolly mortar]

because little things grow to become massive headaches.

[potent flare]

as long as the math is settles, the number can be what ever

[brisk surge]

I mean I understand the concern potentially years down the road. But let’s worry about getting to 5000 ETH revenue TOTAL before we worry about getting to 5000 ETH revenue DAILY.

[vague eagle]

Do Redivs go to the ILV/ETH and ILV pool?

[potent flare]

yes, for all ilv staked, even in the eth/ilv pool. But only for the ilv part

[vague eagle]

Okay, thank you

[ember ginkgo]

Another day in paradise

[austere olive]

Hey, i need help, I was trying to send ILV to my meta mask from Binance for staking,instead I’ve sent it by accident to the ILV/ Eth pool contract . Is there any way someone from the team can help me? 😐🙏🏼

[storm wolf]

Does any know when the rev dev distribution will start?

[ember ginkgo]

Council is voting on the IIP now

[vivid ruin]

I have mad respect for you “yellow name” people ❤️ patience level over 9000 🚀

[potent flare]

#staking @muted raft

[cunning perch]

wow 9000 😄

[ember ginkgo]

Hope they can find some good mods here 😉

[coral pike]

https://tenor.com/view/vegeta-dragon-ball-z-unlimited-power-over9000-power-level-gif-12316102

[elder dawn]

I wrote an article yesterday (link in my profile) describing the iip in more detail and what would cause need to change parameters. The T value at 15% means all revenue will be distributed on about a 7 day rolling average, with 15% of the treasury distributed daily.
I appreciate your bullishness, though I feel Rmax =5000 is very reasonable for now. If we see sustained revenue above 5k eth daily, the council will quickly approve that adjustment, but it needs to be consistently above that level. Hopefully you're right that we have that problem soon.

[worn turtle]

Patience of a cactus

[ember ginkgo]

What does @smoky nest has to do with this

[smoky nest]

https://tenor.com/view/depressed-bored-boredom-swing-head-gif-17224602

[coral pike]

@ember ginkgowhat would you rate my patience as?🤨

[ember ginkgo]

You have patience?

[coral pike]

i guess that answers it... need to buy some more when it dips i guess

[austere olive]

Hey just want to say I got scammed today for 1000$ so please be extra safe and don’t trust any dms

[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.

[austere olive]

Sucks a lot, but I will get thru it, the team will help me with the Slp as it is locked, it will be ok. Glad to be a part o this community, staying positive

[ripe finch]

is the game already generating revenue?

[ember ginkgo]

Nope

[craggy field]

But the project will in the very near future with land sale returns 😬 (2$ per token?)

[gloomy gazelle]

I’d think it’s closer $0.50

[craggy field]

Ah yeah looked it up and Lelahel idd said somewhere around .6$ per token 😂 man i hoped my 2$ was an understatement...

[lofty hull]

[steady trellis]

Finally a new release, v14 (This message is also already in the pinned message here)

Lot of small changes to the main dashboard so I'll have to let you dig in

Some of the additional sheets :

Land Revenue - Allow you to simulate the potential revenues from land depending of the in-game revenue generated, ROI depending of price paid
Revenues Simu - This is a tentative and I hope we can share and discuss, the idea was to build a model to simulate the ROI of ILV/SLP/Lands in different configuration
Illuvitars Sales - Just some info related to Illuvitars using the current matrix prices
Topics - What I publish regularly on twitter, a list of everything ongoing on the project will some status and opinions, anyone free to let me know if anything need to be added / changed / updated
sILV stats and sILV2 holders and Land Sale #1- Some sheets I was looking at and feeding to the community during the land sale
Team wallet and Team expense were useful to me to get some detail on real ILV movement from the treasury and have a more accurate ÏLV Liquid", keptit also to have a look at the expenses and understand where the runway bring us
RevDis Distribution - A simulation of RevDis using the last IIP parameters + allow you to simulate with constant revenue flow

As usual, open to questions, if you find any mistake : reach out to me

https://docs.google.com/spreadsheets/d/1Yullfph1xCA6Pt2iYgHfBC58U6CJVvxj6gImjAK4ngk/edit

[scenic oracle]

hi, can I double confirm so it is alright to keep staking at V1 right? For e.g. my unlocks are at 69 and 95 days later. How do I swap to V2

[gloomy gazelle]

If you have done the migration to v2 (your vesting ILV rewards are in v2) then your deposits that are in v1 can remain in v1 even after they unlock. If you want to get to ur deposits on v2 then you need to withdraw and deposit again (with the lockup again). It’s not essential and perhaps inefficient.

[abstract salmon]

So once I decide to unstake from Eth/Ilv pool, do I get SLP or Eth and Ilv back?

[gloomy gazelle]

You withdraw the tokens you deposited. You deposited eth/ILV Sushi Liquidity Provider (SLP) Tokens.
You will need to take those to sushi to then pull your liquidity.

[scenic oracle]

i have 2 staked pools, so one of them shows v1 Rewards, another shows v2 Rewards. Both pools shows V1. SHould I do anything to improve anything or I can just leave it?

pic to be clearer

[gloomy gazelle]

You are properly upgraded to v2. You are fine.

@south geyser how often you claim depends on how much is in pending rewards and how much you are eth you are paying to claim/vest it. Remember you can always just BUY more ILV instead of paying that eth to claim the rewards you already own.

[south geyser]

but i do get the compound effect only after i claim that or not?

[lofty hull]

What is SLP?

[south geyser]

its a liquidity pool
in the case of illivium between the ilv token and eth

[bright heart]

Sushi Liquidity Pair

[lofty hull]

Ahhhh cool, thank you 🙏🏽

So how does the Rdiv work? Don’t mean to have y’all explain everything. So if there is a YouTube video I can go to, so I can save y’all time let me know.

Planing on dropping 20k if it gives a good outcome. Of course y’all would not be giving financial advise, since I already plan to do so.

@bright heart @south geyser

[south geyser]

look up scoriox's channel
he does great video and goes in depth
of course only with assumptions bc the game isnt out yet
and he has great spreadsheets too

[lofty hull]

Sounds good

[south geyser]

he calculates many scenarios
conservative and optimistic
not only for staking but for farming and land too
if you want to drop so much money you should consider to buy land even if its a low tier like one or two

https://www.youtube.com/watch?v=wAPYb97huZ8

thats his latest video on the token and how rdiv works

[lofty hull]

Getting a friend request from pelican22 | IIIuvimod#6583 fake mod. Who do I ping?

As well as you someone being you Eddy 🤣

[south geyser]

wtf

[left shore]

#🚨❗〕report-scammers

[lofty hull]

Thanks

[timber sequoia]

thanks for you amazing work! but when i click on the link, i have an access demand🇫🇷

[warm knoll]

Amazing ! Thanks a lot again 🙂 But as said above it ask for authorization to access it before even making a copy

[steady trellis]

@timber sequoia @warm knoll

https://docs.google.com/spreadsheets/d/1Yullfph1xCA6Pt2iYgHfBC58U6CJVvxj6gImjAK4ngk/edit

Can you try this link ?

[timber sequoia]

tx mate, it worked! 🙂

[gloomy gazelle]

Yeah. So while you wait to claim you will miss out on the 15% APR which is about $0.07 per ILV per day. It’s not a lot if you are only claiming a little. Technically you’d also be missing out on having any revdis for those pending rewards as well.

[tender obsidian]

if I have my ILV staked, am I not allowed to vote on proposals?

[lyric needle]

you can just vote for council members. council votes on proposals

[tender obsidian]

so not everyone can vote on proposals?

[lyric needle]

right just council

[tender obsidian]

I went to vote and because i have 0 ILV in my wallet it said I have no voting power

interesting, how many people in the council?

[gloomy gazelle]

5

[tender obsidian]

Thanks

[lyric needle]

Santiago RS, sheep | Illuvimod, Vetemor, Kieran | Illuvium, Rahlord | Polemos ....@gloomy gazelle those are the members that right?

[ember ginkgo]

No Rahlord got replaced by Deraji

[lyric needle]

who am I missing?

[ember ginkgo]

Deraji

[autumn carbon]

guys if i stake 10 ilv how much can i take at 12 month?

with the revdis too

[gloomy gazelle]

We don't know. Because the rate is variable.

and no one knows how much revenue there will be

[gloomy gazelle]

here's a message that explains it a bit. Maybe too complex since you are just in the ILV only pool. But In reality its very similar, just a little simpler. #🥩〕staking message

this post has a powerful tool if you want to try it out #🥩〕staking message

[lyric needle]

Looking for estimates. Scoriox has a youtube video "ILV is the greatest bear market token in history!! " and goes over holding 10 ILV

[dry apex]

@gloomy gazelle hey

I'm still having issues. I connected my hardware wallet and am trying to upgrade to ILV Pool v2. When I hit upgrade and claim ILV, it gives me an error message with the option to check etherscan, but when I click on the link to etherscan I get a "Sorry,..." page that doesn't load

[gloomy gazelle]

What hardware wallet? How are you connecting? Metamask integration?

[dry apex]

Trezor. I have that Trezor integrated with MetaMask. But when I connected my wallet I selected hardware and clicked Trezor. It never prompted anything with MetaMask

[gloomy gazelle]

Ah. Where did you click trezor? On the staking site or metamask?

Does your hardware wallet pull up any tx approval?

[gloomy gazelle]

If you are connecting your trezor to metamask then you should connect with metamask to the staking dapp.

[dry apex]

Ok I will try that when i'm back on my computer tomorrow. However when I connected with my Trezor, it did show my staked balance & pending rewards

[gloomy gazelle]

I believe you should also be able to use trezor to connect to the staking dapp using it’s own wallet ui or something without using metamask.

[south geyser]

so you only get revdis for pending rewards?

[gloomy gazelle]

No. You do NOT get revdis for pending rewards. Only vesting rewards.

[south geyser]

ok bc you said that i would be missing out on having any revdis for thos pending rewards

[gloomy gazelle]

Because unclaimed pending rewards do not earn.

[south geyser]

my bad hahaha thanks

[hot lynx]

Hi mate how is the staked LP worked out for RevDis 50% vs staked ILV at 100%

[proper prairie]

you recieve revids only for the ILV portion of your SLP

so lets say you have 1 SLP = currently there are 2,725 ILV in it and f.e. 1 ILV generates 1$ revenue you would recieve 2,725 $ revenue

while at the same $ value you would have 5,5 ILV staked in the ILV only pool you would recieve 5,5 $ revenue

[hot lynx]

50%

[gloomy gazelle]

Yeah. The SLP tokens essentially have 50/50 eth/ILV. There’s probably even a way for the contract to pull the precise composition data. But it’ll be very close to 50/50.

[hot lynx]

@gloomy gazelle thanks mate 👍🏻 all good

[proven timber]

When do the ILV rewards for staking end ? Thought i read somewhere that it was in 2 years . 2024 ?

[cinder escarp]

Somewhere july if im correct, not sure

[proven timber]

july 2024 ?

[gloomy gazelle]

That is correct. The yield farming rewards would all be distributed by the start of July 2024. There would still be revenue distributions for all stakers.

[woven ibex]

The DAO distributes 100% of vault 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.

[gloomy gazelle]

The message below is about how claiming yield farming rewards works.

[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.

[wanton tiger]

Planning to stake for the first time with 4.5 ILV, and thinking about putting it in the ILV pool for a full 12 months. That is the best thing to do to maximize ILV accumulation right? And I’m not missing out on a great opportunity with the SLP pool now?

[fast trench]

Are there any issues with the ILV staking pool? I'm trying to stake with my trezor and I get the following message "Before you can continue, you'll first need to approve your wallet to stake your tokens. Click the button below and then confirm in your wallet when prompted." When I click on "Approve" I get a pop up which says "Approve ILV Spend" which has a link to etherscan saying "we encountered an unexpected error." Any idea why it's doing this?

[wanton tiger]

I just did that process with metamask and it worked fine for me

[gloomy gazelle]

What method of connecting to the staking dapp are you using? Trezor ui or metamask hardware wallet integration?

[fast trench]

MM hardware wallet

[gloomy gazelle]

So did anything pop up on the hardware?

Do not trust anyone that sends you a direct message. There are many scammers and impersonators.

[fast trench]

This is all from the staking page on the website. I guess I can try from Trezor UI.

[gloomy gazelle]

Yeah that cannot hurt.

[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.

[lyric needle]

Most would say SLP is better deal and rewards are going to shrink in this pool. But it comes with risks of impertinent loss if ILV and ETH dirvert by so much that it makes the extra rewards not worth the loss compared to just staking ILV.

[fast trench]

Thanks.

[brisk surge]

Do I need to restake when I unlock for revdis and yield? I did a year stake on the 30th last year, just want to confirm if I need to DO something or it's okay to leave it

[lyric needle]

Should be good as long as you leave it staked

[brisk surge]

So I won't lose the weight for yield then. That is excellent. I was about to start planning my financial needs for another year. 😂

I really did just set it and forget it a year ago. Though I do recall seeing talk of future extended staking options

[lyric needle]

It's in an IIP to have a discussion about requiring restaking to keep weight but currently you will keep weight for as long as you keep it staked

[cyan rampart]

So far it's just been discussion, no one has proposed anything concrete in that vein as of now.

[celest tusk]

I asked in the wrong channel. Reposting my question here since its staking related.

Hi admins! quick question, I tried to click the "upgrade ilv pools and claim reward" but I received an error saying "cannot estimate gas, transaction may fail..." Is this because my current vesting pool is still locked for another 23 days? or that's unrelated to the error I am seeing. Also when is the deadline to migrate to the V2 pool?

Come on... @lilac flint no one is that stupid dude... go away

@worn turtle please kick this scammer, been dming me

[worn turtle]

Hey could you check out #🚨❗〕report-scammers pinned messages and screen shot that guy and his id

[warm knoll]

@elder dawn Awesome article on the behavioural economics ! I love that kind of analysis ! And so glad to have you on the council as well !

[steady trellis]

@blazing marsh Not sure where you saw a 200M ILV deposited in the staking

Staking is pretty constant between 1000 and 2000 ILV every day from the liquid market (= not from rewards claim)

3 days ago was a big day with more than 5000 ILV staked

ILV available is drying like snow under the sun

[blazing marsh]

from the staking dashboard on the website

approx increase

with scale bar sorry

[steady trellis]

For me there is a bug somewhere. Again there was a huge flow of ILV and claim on the 26 (+12500 ILV in the ILV pool in total) but that's not nearly enough to have a bump like this. 1755275.505 staked is 280M$ of something.

Maybe a little issue on the dashboard.

Or a big mistake on my side.

[zinc vine]

anyone else see a bump to their daily ilv earning?

[ashen vigil]

My understanding of how the staking works is that all revenue from land and nft sales is distributed out to staking and LP. With the recent land sale is there a way to see how much was raised and it's being redistributed please?

[ember ginkgo]

About 4000 ETH will be used for Revdis, most people used sILV2 during the land sale and this will be burned 🔥

[ashen vigil]

interesting, thanks!
Do you know what the timeframe is for redistribution? Also, is there a resource I can use to keep track myself rather than keep asking all the time?

[ember ginkgo]

You can find the land sale contract in #🔗〕helpful-links

[sage mortar]

Is there a way to change the wallet address for locked stakes? Or do I just have to wait for token to unlock and then send them to the other wallet?

[cunning perch]

for now it's only when unlocks and wallet change only can happen if the wallet is new and only has stakes on V2 (which is WIP atm)

[sage mortar]

Thank you.

[proper ingot]

Hi peeps. With the revdis iip approved, do we know if there will be an announcement of when the first distribution is happening? Have rewards pending and want to maximize revdis and minimize contract interactions obv. Thanks :)

[zealous escarp]

To unlock an ILV/ETH LP, do I have to first make a withdrawal and then use sushiswap to unlock it?

[gloomy gazelle]

My guess is there will not be an announcement on when

[gloomy gazelle]

It is already unlocked. What you can now do is withdraw. That would move the eth/ILV SLP tokens into your wallet. Then take those to sushi and pull your liquidity. You would then get back your eth and ILV separately

[zealous escarp]

The last time I withdrew, I only claimed the reward and nothing happened after that.

[gloomy gazelle]

So the second transaction did not pop up?

[zealous escarp]

No pop up😅

[gloomy gazelle]

Was the first transaction pending for awhile? Or was it processed quickly?

[zealous escarp]

I will try again and report back if it doesn't work.

[gloomy gazelle]

Sounds good

[proper ingot]

That'd be a shame. Thanks for the reply tho

[zealous escarp]

Watch out for DM's from scammers!!!

[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.

[onyx topaz]

when was V1 staking released?

[ember ginkgo]

364 days ago

[onyx topaz]

😮

[abstract salmon]

Something wrong with ilv/eth pool? Pending rewards are at the same number for over a day. Ilv pool works fine tho

[gloomy gazelle]

Imma setup a private thread and see what we can figure out.

[nimble tendon]

Hi Guys, after our SLP staking hits the unlock date - does it keep the same full weight (2) as when it was locked and keep earning ILV yield if we just don't touch it? Or does it revert to an unlocked weight?

[gloomy gazelle]

It keeps earning at the same weight.

[plain reef]

hey guys. If we own Illuvium land do we need to stake it to get rewards?

[ember ginkgo]

No, you'll have to play the game

[plain reef]

thans matey

[floral torrent]

Hello guys. If my staking period is over, and I will maintain the $ILVs into staking, will I still earn my rewards?

[ember ginkgo]

Yes

[floral torrent]

Thanks. So I can maintain them for the rest of the life 😂

[ember ginkgo]

https://tenor.com/view/illuvium-ilv-gif-22175170

[lofty hull]

ILV pool or SLP pool?

[onyx flower]

Slp
Then ILV only when game released

[lofty hull]

Thanks

[hallow pivot]

question

I got a sizable amount of the old sILV for withdrawing my lp tokens. Is there a way I can exchange this old sILV for the new sILV2?

[final steppe]

Hey Craigh! On the Illuvium website, you'll find a link to the claim page under "Exchange"

[hallow pivot]

arigatooo

so it says I have no sILV2 to claim

i'm trying to send screenshots but it's not working

This SILV was from withdrawing the LP tokens an hour ago it said I needed to claim my rewards and I clicked claim as SILV but it gave me the old SILV instead of the new one I think and I think the claim smart contract is set up to only process SILV before the snapshot of the hack soooo just my guess

[brisk surge]

is it 2.0 weighting for rev dis too if locked for 12 months?

[ember ginkgo]

Did you add the new sILV2 to your metamask? Maybe you just can't see it.
I think you just get somd "dust" sILV when you claim but since it's worth nothing, it looks like you got a lot

[hallow pivot]

I did

I have both the old SILV and SILV2 in my metamask. I got dust for SILV2 but I got about 42 of the old sILV, if it was it was sILV2 that's like $1600 which is dust to a whale but not to me

[ember ginkgo]

42 sILV = $0.38

[hallow pivot]

no no I mean I got 42 of the old SILV for withdrawing my LP shares just now when it should have been SILV2 no?

[ember ginkgo]

I created a thread, please reply in there.

[hallow pivot]

ah sorry noob at discord

thanks for the assist comrades

[brisk surge]

10 mins until my one year stake unlocks 🍾

[cunning perch]

gonna be weird when you see the Withdraw button 😄

[brisk surge]

I poked it to see if it was real then I shut my laptop

https://c.tenor.com/ziwWrSlRH-4AAAAM/nope-lagging-laptop.gif

[cunning perch]

[brisk surge]

It still says V1. Though I thought I migrated it when the new site launched. Do I really not need to do anything?

[cunning perch]

it will always be on V1. V2 copies it and reads it. Only new wallets can stake on V2 directly

[open stirrup]

Hi!
How I could make exchange Gods to IMX inside L2 ?

[lyric needle]

Don't think swaps can be done on IMX atm. But you could check in with Immutable X discord.

[sharp orchid]

Just claimed some ILV... feels good 👍 😌

[bright heart]

Imx does not have a dex yet. You got 2 options: 1 move to l1, 2 buy an nft in the first currency and sell it for the second one. Option 2 can even make you money but it's way riskier.

[storm marsh]

Claimed some unlocked vested ILV yesterday but the Claim Yield Reward transaction reverted and never vested, nor does it appear under pending rewards...not sure what to do! @midnight geyser

[bright heart]

Maybe tag @midnight geyser

[hot lynx]

At 10 Gwei it's real good 🤣
@cunning perch those days have returned of dirt cheap gas ⛽ on claims

[cunning perch]

they end in minutes 🙂

[hot lynx]

I got it today a few hours ago , went in at 12 came out at 10 Gwei ... Feel like I should mint it into an NFT 🤣🤣🤣

Back in V1 it was a must have goal

[sharp orchid]

The low gas fees are insane! Hope they last lol 😆 (knowing they wont)

[slow finch]

Coinbase wallet update is pretty cool! You can see DeFi options displayed now. I can actually see my Illuvium staked as well as rewards which is so cool!

[gloomy gazelle]

Did Pedro take a look already? Or can I help still. I’ll ping you in a private thread and we can figure it out.

[worn turtle]

Yeah we try to avoid pinging Pedro unless absolutely necessary haha

He’s a busy guy

[carmine badger]

Impermanent loss incoming….

[heavy eagle]

For a new staker, which pool is better to stake in?

[hot lynx]

a few versions of loss incoming atm

[fallen kettle]

Hey can anyone confirm we can stake ILV through ledger live?

[atomic dome]

The SLP you earn more ILV. So if that’s your goal then that’s the better pool

[hexed bough]

You can DM me your wallet address and I'll look into it

[crystal pivot]

Hey there, I've been out of the loop for a while. I staked my 7 ILV around 300 days ago with the impression i would double my staking total over 1 year. However i just checked and i only have 0.84 in rewards? Can you advise what the go is?Cheers

[cunning forum]

They upgraded the staking contract to V2 so you’ll need upgrade through the staking dashboard to claim your rewards and continue getting rewards

[gloomy gazelle]

No. I do not think that is possible. You can use a ledger. But use metamask hardware wallet integration to do it. Connect hardware to metamask. Connect the hardware wallet to the dapp through metamask.

[supple owl]

dang the gas is so cheap, just claimed my rewards:)

[brisk surge]

good call, just did mine as well. 2$

[supple owl]

yeah wish its always this cheap

[gloomy gazelle]

Yeah. Good call

Been so long since single digits.

[crystal pivot]

So I’ve missed out on rewards for the last 4 months? Do they get back paid?

[gloomy gazelle]

I’m afraid not.

You do get the stuff from before v2 launched at least.

V1 had to be paused due to a sILV token minting exploit that was discovered.

[crystal pivot]

That’s soo bad. I entered this project as it was a set and forget vested period for staking and I could double my stack over 12 months. Illuvium had an internal issue that didn’t involve me and now I miss out on rewards because you had to upgrade your staking platform?! The whole point of a vesting period is to lock and forget, not have to check in from time to time to do updates. How can I escalate this issue?

[gloomy gazelle]

The apr was only ever variable. But it definitely sucked when the contract vulnerability was found to have been exploited. The fact is that there’s not any ILV lying around to hand out to anyone that did not migrate. You could share some #814313819185741845 but it simply is what it is. The founders have said similar things in the past. There is technically some “bonus “ ILV that you would claim for holding through the staking pause that happened. But I doubt it will be as much as you’d like to see.

[crystal pivot]

‘Is what it is’ is a pretty average company response. I will provide my feedback and re-evaluate my investment in ILv

[dry yarrow]

I hodled from 750 to 100

[slow gyro]

Same

[crystal plover]

Right now the ARR sits at around 15% and it will probably decrease more in the future

[clever lance]

This

[ember ginkgo]

https://tenor.com/view/illuvium-illuviumio-ilv-yield-farming-gif-22225026

[deep pecan]

ty thinking of buying more ILV to stake would be good to get it staked before resdiv starts

[ember ginkgo]

Tough decisions to make, I'm also looking at all the options 🙂

[deep pecan]

and my SLV stake unlocks in 18 days so will have nothing in the SLV pool then

its not a bad price atm, trying to work out if resdiv will support the ILV price when BTC goes lower any thoughts ?

[verbal heron]

Wen Rev Dis!

[warm knoll]

So far we do not need to re lock our SLP to get revdis? I know it was discuss but that wasn't validate in the iip?

[void wren]

Hi

I’m new here, if I stake and lock for 12 months IaLV/ETH, what’s the lowest APY/APR it can do ?
Can anyone explain, please:)

@everyone

???

[silk meteor]

Rn Apy at 193% but this constantly changes as more stake or unstake and also changes based on ILV price.. also every 2 or 3 weeks, rewards reduced by 2-3% or so

[supple meadow]

So the seed unlocks happen today?

[brisk surge]

8k tokens per day are being unlocked from seeds, pre seeds, retail

[dry yarrow]

Good lord

[pure eagle]

https://tenor.com/view/faint-omg-pass-out-fall-elmo-gif-15204248

[gloomy gazelle]

You tried pinging 209,000 people to get your answer?

A little Patience will go a long way

[void wren]

Doesn’t make sense to me, can you elaborate it ?

[gloomy gazelle]

Eventually the APR will go to zero. Because yield farming will be over. But that’s like 2 years from now. Before then it can technically go as close to zero as possible. But it can also technically go up. It’s variable. Here’s a little more of an explanation.

The rewards calculator determines current the usd value of your staked SLP and it determines the total usd value of all the staked SLP (taking into account any multipliers from locking such as 2x for 52 weeks). Then it determines what your percentage of the pool is. Then it distributes to you that percentage of the ILV rewards that are getting paid out during that block to the SLP pool (as part of the 2 week fortnight). The UI then calculates the USD value of the ILV rewards and is then able to display the APR. It’s a bit complex. But there are spreadsheets pinned in here that calculate it all for you.
However, the APR today is not guaranteed to be the same as tomorrow because in reality the value of the ILV tokens and the value of the SLP tokens and the total value in the pool (and therefore your percentage of the pool) WILL change almost constantly. Therefore the APR is variable.

APY is calculated using that same APR but adding what it would earn if compounded by claiming the rewards as ILV. When claimed as ILV those rewards are essentially staked in the ILV only pool and locked for 12 months so they have they full 2x weight. The APR in the ILV only pool does not vary as highly as the SLP pool because the rewards (ILV) are the same as the thing that was deposited (ILV).

The image below shows how many ILV is being distributed over time. We are already 1 year into this chart.

[gloomy gazelle]

you Tried to @ everyone in a server with 209k people. Oops 208k people I guess.

[void wren]

Best way, right?

[void wren]

Thanks

[gloomy gazelle]

Making people annoyed doesn’t seem to be the best way to do anything but annoy people.

You can’t actually ping everyone so it’s fine. Just looks… no biggie

[gloomy gazelle]

!revdis will be in addition to yield farming though

[woven ibex]

The DAO distributes 100% of vault 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.

[gloomy gazelle]

I think there’s something around 8million ILV tokens that are eligible to receive revdis at the moment.

[void wren]

Even after tagging “everyone” I still only got one answer, yours 🙂
It seems tagging everyone was the best option… no one was annoyed as far as I’m aware

[gloomy gazelle]

Of course that’s just TLDR. This pinned post was from when v2 things were first happening. #🥩〕staking message

[gloomy gazelle]

It’s because no one saw it. It was almost buried. Next time try pinging @ Community Moderators or any of us that are online. We try to help.

[void wren]

😆 got it, tks

[glad mountain]

If I do the ilv/eth pool on sushi, do I get a 1 time slp payout, or is there also a periodic payout?

[candid kettle]

rewards are delivered each block, just take the APY and divide by time to find your stake yield

[carmine badger]

If all ILVs are exhausted, what do they distribute for revdis next? Usdc/t or in eth?

[candid kettle]

there's no way, what can happen is the price of the ILV gets absurdly high

[carmine badger]

Got it. And so if the price is higher therefore less ilv gets distributed

[candid kettle]

yes, less ILV distributed but not necessarily less in dollars

[carmine badger]

Can you stake an illuvitar?

[candid kettle]

no, but nothing prevents it from being possible in the future

[steep sorrel]

for now im loosing 10K$ in illuvium stake pool ...good investment

[carmine badger]

Dca

[gentle star]

I staked 0.75 SLP about a month ago for 12 months. Will that be eligible for RevDis? Do I need to be doing anything in order to get it?

[valid peak]

Yes it will

[candid kettle]

yes, but only the ILV portion of the LP token is eligible for RevDis

[gentle star]

Thanks! If I bought more ILV now and staked out as slp, would that be eligible too? I thought I heard or saw something about 3 year staking. What's that about?

[candid kettle]

yes, new stakes are eligible for RevDis too. The 3-year lock was proposed in an IIP but has been denied and is being re-examined

[onyx flower]

Can rewards from V1 migrate to V2 and be claimed in one transaction? Claimed might be wrong word, withdrawn to wallet.. so I'm not making a dozen small transactions esp when a lot of this stuff is dust amounts

[candid kettle]

yes that is the main difference from V1 to V2

[onyx flower]

Ok but rewards are still in v1

The vested rewards that are now available to be withdrawn

[candid kettle]

the rewards claimed in V1 have to be withdrawn individually unfortunately

[onyx flower]

Ty

[blazing marsh]

looks to me redivs are incoming the website has been updated it no longer says rediv coming soon etc ....i feel them incoming

[onyx flower]

Wooo more than one can be witbdrawn at a time, there is a checkbox and it looks like they can stacked together

[gleaming cairn]

Are revdis paid out only if you are staked in SLP at the time they are paid out? Eg if you withdraw SLP that has vested today, then you won’t get revdis?

[onyx flower]

Right

[gloomy gazelle]

You would get revdis on anything that is still in the vesting tab.

[dry yarrow]

What's revise?

Rev dis

[cunning perch]

Revenue Distribution

[past glacier]

I am a bit confuse with dates, I staked on 06/06/2022, Will I receive revdis from landsale?

I am not sure, cause I havent power on voting

[candid kettle]

holders vote for council and the council votes for IIPs

[magic plover]

why are the APRs on ILV/WETH staked still above 200%? I thought Deraji predicted they would be sub 30% after the unlocks which have started?

[candid kettle]

they are not fixed, if there are fewer tokens the APR increases, the more tokens it decreases, there is no way to know exactly

[past glacier]

But the slv is considered by the value of ilv, not that secondary market right?

[magic plover]

is my understanding correct? normally, when VC unlocks started, we expected them to stake, dropping the APRs. But instead VCs didnt stake and just sell, and retail unlocks are are selling their unlocked ILV/WETH pairs, not enough new re-staking pressure?

[candid kettle]

correct

[candid kettle]

theoretically yes, that could be the reason

[past glacier]

Thats said silv on secondary is 50 and ilv is 100, and you receive 20% apr on ilv, and 40% on silv pool, would be kind of same. Since you could sell ilv and bought double silv on secondary

I guess its ok those guys profit now. They bought at 1 and 3 dollars. But with this value of ilv. At some point you should believe in project and not change more ilv

[candid kettle]

silv2 cannot be staked, does not generate reward or RevDis

[past glacier]

Thats a point too. Ilv not claimed also doesnt count for revdivs right?

[candid kettle]

yes, only after claim does ilv count for RevDis

[past glacier]

I acessed beta this week. Already a great game. I am believing so much in this. I dont think people will play "only" to win money

I am having a great time playing it. Enjoying. And have to consider I have a deck. Imagine you building armor, weapon, illuvials. Such amazing experience

[candid kettle]

#814313819185741845

[magic plover]

I got some unlocks from the balancer sale; I don't need to do anything to keep them staked right? It keeps getting staked at the same lock weight it was originally locked for

[candid kettle]

yes, you only have to make a transaction if you want to withdraw, to keep it in stake, just do nothing

[vivid cove]

Thats amazing, my stake unlucks tomorrow, just keep it there for a year or 2 more 👏

[versed coral]

I also noticed that the number of holders increased by around 500? So also new people have started staking

[south fable]

So with the unlocks happening recently, do we know if the unlocked tokens went into ILV pool, ILV/ETH pool or in neither? What is the trend?

[warm knoll]

advise you to use the dashboard pinned to follow this (dune dashboard from xastor)

this is the trend for SLP

So big whales remove lot of liquidity straight after unlock. ANd since then few SLP are removed everyday (with some new coming in)

[pale trellis]

Can see on the contacts I saw some large unlocks and straight to staking.

[south fable]

In that case how can we explain lower APY in ETH/ILV pool? It dropped significantly during last 2 days even though the epoch is still the same. With SLP being removed from the pool, shouldnt it go up?

[steady trellis]

Did xastor changed his dashboard to include v2 ? Because I don’t think so.

[south fable]

I can see it went to ILV pool, not ILV/ETH pool.

[steady trellis]

Otherwise you guys can use my query, it’s v1/v2 compatible, you just don’t have a dune dashboard

[warm knoll]

that's possible. That would explain the few stake (v1) coming in

[steady trellis]

Price going down = APY going down

[steady trellis]

Use my dune query to get full numbers, my doc with link to it is pinned somewhere

[south fable]

I guess price of ILV vs ETH going down = APY going down for ILV/ETH pool, right? Because if the liquidity token goes down by 5% and ILV goes down by 5% then the APY should stay the same i think.

[steady trellis]

You get rewards in ilv. That’s what matters and why the ilv price impact a lot the APY.

Why also APY is not a good metric

[south fable]

Makes sense, yeah. The drop in ilv daily rewards I noticed must have come from a huge increase of ilv staked in ilv pool.

With this drop of ilv price, are you guys buying and staking in slp pool or ilv pool? I will be buying quite a lot in coming weeks and planed to go for 12 month locked slp pool. Long term mindset, wanna get as many ilv tokens as possible.

[steady trellis]

Don’t forget that the website apr isn’t taking into account the reduction of rewards every 2 weeks, real apr for slp around 115% or something

[south fable]

Yeah of course I know that. Still better than ilv pool though.

[steady trellis]

If you buy “quite a lot” again, maybe take the time to check my dashboard, update dune data and you can play with numbers

[south fable]

Where can i see your dashboard?

[steady trellis]

Pinned in this channel

[vivid ruin]

Which one is it? Can you link it again please?

[pale trellis]

I bought 38 more ILV and staked for 12 months. I’m over 200 ILV atm and 14 SLP.

If I didn’t buy at the highs and put in all my money now I’d have around 400 ILV 😅

A little upset but hey, gotta make the most of what the price is now.

[hexed igloo]

is ILV being released only through staking? I see on coinmarketcap that only 6-7% is circulating. Just trying to figure out price potential through the expected release schedule of more ILV into the supply

[elfin topaz]

SLP, what is that?

[devout bobcat]

sushiswap liquidity pool tokens (ILV/ETH)

[pale trellis]

It’s a combination of ILV & ETH

[elfin topaz]

Ahh gotcha, are yields better in any particular pool?

[elfin topaz]

187%, that can't be right, can it?

[regal marten]

It took a few months, but it includes v2 events now.

I wonder when v2 staking would have started? 😄

[limber zephyr]

There’s daily rewards in ilv ?

[regal marten]

Yes, but they are locked for one year when you claim them.

[limber zephyr]

Is it just like additional silv2 and ilv ?

[paper kettle]

Impairment loss SLP
Is there any risk now because ilv is going lower?

[candid kettle]

search for "impermanent loss calculator" and you will get the exact loss/gain values

[regal marten]

When you stake you can collect rewards as either ilv or silv2. The ilv is locked for one year, the silv2 is not, but has very limited use.

[regal marten]

IL occurs whenever balance between the price of both coins changes. If they go up or go down in equal valuation percentage, there actually is no IL (there may be value loss ofcourse).

IL would occur for example if ILV would rally while eth does not (or vice versa)

[limber zephyr]

How much silv2 or ilv do you get daily for final collection ?

[regal marten]

There is no daily payout, you must collect rewards you have manually. At that moment you can choose how you want to collect them (ilv or silv2)

Your rewards do build up daily ( or with every ethereum block actually ) but they are not yet in your wallet.

The amount of ilv depends on the apy and the amount of tokens you staked.

[limber zephyr]

Can I get some examples of what you guys are sitting on or have previously been payed out ?

[tulip folio]

Per my calculations you will currently get about:
0.028 ILV per day per SLP token staked
0.000447 ILV per day per ILV token staked
This is all at 2x weight (1 year lock).

[primal meadow]

What does the 2x weight mean?

[cyan rampart]

Deposits staked at 2.0 weight get double the rewards (both yield and revdis) that 1.0 weight deposits get.

[candid kettle]

that you get 2x more RevDis than 1 weight

[primal meadow]

and how would one get 2x weight when staking?

[cyan rampart]

Weight is a result of how long you choose to lock your deposit for. 12 month lock periods coorespond to 2.0 weight.

[primal meadow]

Got it, thanks

I staked a small amount in the ILV pool in the past. Preparing to acquire more ILV tokens soon if it goes any lower. Wondering if the sILV is worth it (not FNA obviously)

[cyan rampart]

sILV2 is used for in-game spending, so it's a substantially different token. You can use it for stuff like the land sale, Illuvitars, and gameplay.

It's pegged to ILV's price when spent in the Illuvium ecosystem.

[primal meadow]

oh, I meant the ILV/ETH pool. Yeah, I'm not too clear about sILV2 and how to get it too lol

Basically, you stake in the ILV/ETH pool and get rewards in sILV?

[cyan rampart]

Oh I see, the SLP. Obviously it has a much higher APR, but there's also a risk of IL, and the potential to get diluted by the token unlocks happening now.

Regardless of whether you stake ILV only or ILV + ETH (SLP), you choose what token you claim rewards as. You can always claim rewards as either sILV2 or ILV, and you decide every time you claim.

[primal meadow]

oh cool, thanks

[primal meadow]

Yeah, I've researching impermant loss atm to try to understand that concept

[primal meadow]

Also, I assume the difference between sILV and ILV is that sILV is not locked so you can spend it right away in the game, whereas ILV would be locked for a year?

[cyan rampart]

The more descriptive term for IL is Divergence Loss. Basically, if ETH and ILV diverge in price from when you stake to when you withdraw, you'll suffer some amount of loss due to the nature of how liquidity pools balance tokens. That loss will be relative to if you'd just held tokens.

[cyan rampart]

That's one difference, yes. The main difference is that sILV2 is for spending, you can think of it like a gift card. 1 sILV2 is worth the value of 1 ILV, but you can only use it for spending in-game. Whereas ILV has utility like governance voting power, and the ability to stake it for revdis and yield.

[primal meadow]

So lets say I stake 10 ILV (price at 100$, for the sake of this example) and around 1eth (equivalent amount) in the ILV/ETH pool.. For example if ILV goes to 1k (10x) while eth goes to 5k (5x), how would that loss be calculated?

[cyan rampart]

This calculator is good to test scenarios like that. #🥩〕staking message

(In the pinned messages for future reference)

[primal meadow]

Thanks again

[finite eagle]

Using that calculator, it looks like impairment loss is almost a none factor. Yes, it can take a chunk out of proceeds, but at 180% vs. 15% when staking, IL is outpaced by the rewards.

I've always used the ILV pool and never considered the SLP. Pretty dumb on my part now that I've done some work on impairment loss. Might have to buy more ILV to stake in the SLP lol. Brutal.

[candid kettle]

For the impermanent loss to be significant, the variance between tokens must be large and in opposite directions.

otherwise the APY is still very worthwhile

[finite eagle]

And ILV tracks Eth quite closely besides these last few days where we seen a slight divergence. But otherwise, they move in tandem. Well, from what I seen anyway. Dumb decision on my part.

[cunning zealot]

where can i check to get this graph?

[vital kayak]

Slight? We bought ILV at $1800 when ETH was 4,000
Now it’s 115 to 1,100
That’s 1/10 compared to 1/2

[cyan rampart]

For now, the APR is definitely high enough to cover all but the most doomsday type scenarios. When locking for a year, there is potential for IL to matter quite a lot though. The particular scenario that concerns me the most (IL-wise) is that ILV performs extremely well compared to ETH (due to revdis mechanics) AND the APR gets diluted down to the mid-low double digits as more unlocking tokens are available and that capital finds its' way into the SLP pool.

Of course, that's not really a BAD scenario if you're an ILV holder, but an SLP stake could see significant IL in a scenario like that. None of this being financial advice of course.

[brisk surge]

the longer time goes on the harder it is for ILV to pump as the fully diluted market cap is reached. This should keep it somewhat in line with ETH long term for the next year, assuming the game won't launch until next year. The only real thing that is going to cause a pump is the games release and who knows when that is going to be.

You could always start off with SLP and lock to take advantage of APR and then DCA some ILV and put it into the ILV pool as a hedge on any impermanent loss. That's my plan anyways. I'm hoping for some more sell offs in BTC\ETH and that ILV goes under 100$ and ETH 900$, gonna lump sum some SLP, lock in for 1 year, and then DCA some ILV along the way.

[finite eagle]

Well I didn't buy at the top of either. Held before pump and bought more recently. Yes, if you bought at the top of both tokens alt-coins crashed harder than Eth. But ILV pumped extremely hard compared to Eth from October to February.

I admit, don't understand IL in-depth enough so that's why I stayed away from the SLP pool till now.

From what I understand, impairment loss happens consistently to balance the pool rather than acting like a bond (if rates go up or down the price of the bond goes up and down, but you still realize your same return if held to maturity). Not even sure if this is right lol.

[finite eagle]

Yes, but will the pump compared to Eth + the massive APR in ILV earned waiting for ILV to pump drastically outweigh the divergence?

It seems likely.

Even if APR fell to 50%-ish over the next 12 months the ROI still seems to drastically out weigh IL. My true aim is RevDivs so I want to accumulate $ILV. If we lump the future RevDivs that are expected, assuming everything goes well, into the calculation, I can't see how IL comes close to making the position negative or a low ROI.

This is why I like this discord because if I'm saying something, wrong, stupid or sound completely misinformed people correct me lol.

I just want to have enough ILV so RevDivs make a difference monetarily. Considering this, I need hundreds if not north of 1,000 tokens 🥲

[finite eagle]

That was my plan as well. But I did ILV pool first out of fear, but now figure is a good time to invest in the SLP pool while the market seems to be moving sideways. Obviously can't predict the future, but if we don't see another bull run till 2023 it might align perfectly with a 12 month stake.

Appreciate the input though.

I've been taking advantage of ILV at $110-$115.

I hope sub $100 but even at these prices it's a massive discount compared to where I think this token is going. IMO.

[regal marten]

check the pinned links, one is from me and links to a dune dashboard. you can adjust start date at the top to get the graph i posted.

[versed coral]

I have just staked yet some more SLP. Feels good with low gas and low price 👌👍

[regal marten]

Excellent timing sir!

[bright heart]

They can probably offer that just for providing your ILV for margin trading to traders.

[tiny shale]

noob here, how are RevDis "paid" ? In which currency ?

[ember ginkgo]

!revdis

[woven ibex]

The DAO distributes 100% of vault 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.

[tiny shale]

thanks bud, so reactive like always

So this is for ILV single asset staking right, we're not talking about the ILV/ETH pool

[ember ginkgo]

ILV/ETH pool also get revdis on the ILV part

[tiny shale]

yeah, in a way, that's true

[unique void]

Not really "in a way". Its actually true.

[brisk surge]

The staking platform fucked me the other day and caused me to withdraw all my ilv, thinking about restaking in the SLP

Is there a spreadsheet for this?

[candid kettle]

#🥩〕staking message

[finite eagle]

Can I be provided a link to the SLP pool. Haven't used this pool before so trying to get SLP tokens to lock. Thanks

[cunning perch]

you can find all the links in #🔗〕helpful-links

[wanton tiger]

I guess I just didn’t realize how expensive it was… but it costs 550$ to add 1eth+4.5ilv to the slp pool? Painful

[gloomy gazelle]

It all depends on what gwei is at the moment.

[carmine badger]

Wow. Thats kinda expensive.

[cyan rampart]

That sounds extremely high given current gas prices.

[nova sun]

Going to stake, is there a min needed to earn the redivs?

[cyan rampart]

No minimum, revdis is per ILV (or portion of ILV), so how much revdis you get is proportional to how many tokens you've staked.

[cyan rampart]

I'm just following up on this, I just: Swapped ETH for ILV, provided ETH + ILV as liquidity, and staked my SLP tokens. It cost about $20 in gas fees total for all the transactions.

[wanton tiger]

Thank you for that, turns out I am simply blind today and was reading the eth+gas cost 🤦‍♂️ gas was only 6$ to add liquidity

[nova sun]

If we stake today, will we get ReDivs for illuvitars? Or whats the cut off date for the ReDivs?

[ember ginkgo]

No information out about that afaik

[craggy field]

You get revdis the moment you lockup for 1+ months.
There is no cut off date.
But there is no revdis yet as the illuvitar sale isnt happening just yet 👍

[nova sun]

Thank you 😄 Bonus is coming up in a month and I wanna dedicate some of it to staking for long term.

[leaden plover]

🔥

[nova sun]

So whats a good amount to stake to live off of for the rest of my life? 😄

[bright heart]

https://tenor.com/view/one-milliondollars-dr-evil-mike-myers-gif-4123675

[craggy field]

Who knows how far Illuvium will go :)
But if we become as big as Fortnite with a yearly revenue of 5B, every token will give out 500$ per year in revdis.
While i doubt we'll be as popular any time soon, and there is no certainty we will ever... but with 2-3 games out in a couple years we could get there. I have faith 🙏

[nova sun]

Agreed, I am honestly debating on selling my truck to bank on some extra cash early for some good returns

[craggy field]

Lol dont do a saylor

[nova sun]

Enlighten me

[craggy field]

I will not. XD i dont give advice lol but Saylor is a little too extreme imo

[thorny sinew]

Heyy, I wanted to make sure that I properly upgraded staking to v2. I thought I did it properly long time ago but the "v1" tag looks worrying. "v1" tag is visible next to my first staked amount and first claimed rewards - this tag is not visible next to my staking rewards that I claimed later. I have some concerns and wanted to be sure if it's better for me to take some action right now?

[nova sun]

Haha will do, I would probably get $10,000-$12,000 from the sale. Save $700 a month from the loan

[ember ginkgo]

This is normal, your stakes you made in v1 have the icon. The others from v2, don't have it.

[thorny sinew]

so is it better to withdraw the stake from v1 and restake it to v2? or it does not matter? especially in case of getting revdis from landsale or illuvitars

[ember ginkgo]

Does not matter

[thorny sinew]

ok thanks!

[stone scaffold]

what pool should i stake in? ILV pool or ILV/ETH pool

[candid kettle]

Depends on your goal, I recommend you study about impermanent loss before doing LP staking.

[tulip folio]

Hmmm I don't have a clue how, but I don't think the Dune dashboard is particularly accurate. On a whim I looked myself up in the SushiLP staker list and Single Staker List and neither one is remotely accurate with amount of staked SLP/ILV. Only thing I can come up with is maybe it's really old cached info because it's way too low.

[regal marten]

That list only shows how many ILV you manually staked and doesn't include locked rewards (in case of ILV).

Dune has been acting up quite a bit lately though, lots of network errors.. :/

[valid peak]

Thats extreamly expensive! and i know its cheap. It should be moves to L2 solution instead of main net.

[gloomy gazelle]

The plan is for staking v3 to be on imx, the L2 solution illuvium is using.

[tulip folio]

Yeah I thought of that but the SLP is less than I've manually staked and the ILV is more than I've staked but less than I've claimed.

[past glacier]

There are hours eth gas are extremely cheap. Saw yesterday gwei at 6, 02am brl time, is the cheapiest of the day for me

[regal marten]

Ok, thanks for reporting! Trying to find out what's wrong here...

[finite eagle]

So I understand, I had 10 ILV and 1 Eth (ish) and provided liquidity getting SLP tokens. For 10 ILV I got just over 3 SLP tokens, is that correct?

Should I have only gotten 3 SLP tokens to stake? Why did I think it was 1 for 1 for the amount of ILV provided.

[candid kettle]

The price of 1 LP token is $768.84, so it seems correct, if you approximate the values

[finite eagle]

So the APR is earned on the SLP tokens provided, essentially, 3 SLP * 174%? That means, in a year, assuming APR never changes, I'd earn 5.22 ILV tokens?

Or is the APR of 174% calculated against the ILV tokens I provided or 10 * 174% = 17.4 ILV tokens?

Not sure why I'm struggling with this, but want to make sure I understand the return I'm expecting.

Thanks for the help!

[brisk surge]

APR is derived by taking the $ value of your SLP and dividing that by the $ value of the rewards you would receive over 1 year at the current reward rate.

So ($2200 x 190%) / $116 = 37 ILV rewards over a year. The rewards will decrease over time though so unless a lot of people continue to leave the pool over the next year your actual rewards will be less.

[finite eagle]

Wow, best explanation I have gotten so far. Even more rewards than I thought were being generated actually. I understand that the APR will drop, just didn't know what the calculation was to figure out the ILV rewards. Much appreciated ser!

Last question, if I stake for 12 months I get the 37 ILV * 2? So 74 ILV or the 37 includes the 2.0 weight?

[onyx flower]

fairly certain weight 2 gives you 2x the yield vs an unlocked deposit

[brisk surge]

190% apy is at 2 weight. There’s a google doc in the pins that can give you a pretty good estimation of your rewards over the year accounting for emission decline and pool growth.

[candid kettle]

#🥩〕staking message

[finite eagle]

I found that document, thank you. Reviewing right now.

Appreciate all the help everyone

[ashen smelt]

Hi all ! How to stake the ground?

[ember ginkgo]

You can't stake land, only ILV.

[ashen smelt]

they also talked about drop tokens for those who bought land for eth, can you tell me?

[ember ginkgo]

There is no such thing. ILV stakers will get revdis from the land sale.

[thick lantern]

question, so for all types of staking, on top of the lock period, there is a 12 month unlock period you have to wait to sell through?

so say I stake now 1 month, ends aug 7, is it locked til aug 7 2023?

or if i stake 1 year is available to sell jul 7 2023 or + a year / 2024?

[thick lantern]

ahh ok thanks, good mechanism

is apy/apr locked when i lock the ilv or is it variable across time?

i know the percentage is based on tvl

[brisk surge]

When I try to upgrade to v2 I just get an error popup with a "View on explorer" link and nothing happens. The link doesn't work. Any thoughts to what might be wrong?

[cunning perch]

make sure you are using the correct website ( #🔗〕helpful-links ), make sure your browser is updated and if it still was persistent, change the browser. Let us know if there was still an issue

[carmine badger]

Stake!!

[regal marten]

I'm working on my dune dashboard at the moment, some inconsistencies were identified and it's a bit in flux. That being said, I was also working on a new graph which is available as "Single Staking Days Left". It shows you when staked tokens unlock and in how many days.

[thick lantern]

Bout to, just tryina get the best entry point 🙂

Got 1.6 ilv ready, picked up just before this pump 🙂

[brisk surge]

I have tried it on updated versions of both Chrome and Safari, connected to a hardware wallet. Same problem.

[ember ginkgo]

What error are you getting?

[thick lantern]

thanks, this is what i was viewing , can i DM you?

[brisk surge]

When I try to upgrade to v2 I get an error popup (red border, exclamation) with a "View on explorer" broken link.

[gloomy gazelle]

What hardware wallet are you using? What connection method are you using?

[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.

[regal marten]

yes, enabled dm's 🙂

[true tundra]

Hi guys

If make lock on tokens in staking is finished today, but I didn't withdraw. Rewards will be still coming? Or I have to withdraw put in lock for staking again?

[green shell]

Do you mean you had a locked staking position that has now become unlocked? If so, you'll still be receiving rewards at the same weight

[tulip folio]

Hey I just want to say thank you for making that dashboard and continuing to work on it, it's invaluable.

My staked_ilv is now 100% accurate to how much I've staked + claimed.
My staked_slp is still low, I just noticed it is the sum of all of my v1 SLP stake deposits, so it's simply missing the v2.

[true tundra]

yes. It's available to claim6 so if I keep staking unlocked but staked amount, rewards will be still coming?

[green shell]

yes

[cloud locust]

I think I know the answer but just want to double check: If my stake becomes unlocked because I’ve been staking for 12 months already will my ILV still receive the 2.0 weighting for revdis as long as I don’t unstake or do I have to lock again?

[candid kettle]

correct

[cloud locust]

So still receive 2.0 weighting?

[candid kettle]

yes, you only lose weight 2 if you withdraw

[cloud locust]

Awesome that’s what I thought but wanted to be absolutely sure haha thank you

[regal marten]

Nice, thanks for the feedback and appreciation! I'm aware of the SLP not being 100% accurate, that's next up. There are still some problems with the ILV listing for some accounts.

[proud ivy]

Hey gang & @pseudo pine can someone please confirm for me that this 54 ILV is still earning rewards? I have no intention of withdrawing but thought I better check to make sure I am not missing out on any rewards 🙂

[gloomy gazelle]

Yes. It is earning. Until you withdraw it.

[plain tapir]

Sorry if it’s already been asked, but have the seed tokens that were scheduled to enter the market on July 1st been added to the circulating supply yet? I ask because Coinmarketcap still shows the original circulating supply and I haven’t seen the ILV price drastically decrease as one would expect. Thanks for the help!

[candid kettle]

coinmarketcap does not update the token supply in real-time, the tokens are available for withdrawal at each block but only effectively enter circulation if they are withdrawn, so basically, they can be withdrawn but are not necessarily being withdrawn.

[plain tapir]

Thanks for the reply. I know it’s hard to time the market, so I’m just trying to determine best time to enter the SLP pool

[brisk surge]

Earlier you start the quicker your tokens unlock and the higher the apy you earn. That being said im waiting until September to buy anything after all the stock earnings and see where we are at.

[acoustic obsidian]

What is the anual % on ilv staking?

[gloomy gazelle]

The apr is variable trending down. But these are the %s at the moment.

[acoustic obsidian]

So it.s like 0.06 ilv / ilv staked a year?

[gloomy gazelle]

APR is pretty much guaranteed to drop over time. There’s 3% less tokens given as rewards every two weeks.

Lelahel’s tool works well. #🥩〕staking message

[gloomy gazelle]

15% of 1 would be 0.15. But the rate will drop over time. So it’s possible that after 1 year, realized apr would be closer to 0.06.

[serene lava]

@gloomy gazelle just saw a post about staking slp from a ledger?

Is that possible?

[gloomy gazelle]

Yeah it can. Use metamask’s hardware wallet integration. And then connect to the staking dapp using metamask.

[serene lava]

That is what I will definitely do once I do the unlock. Do we have a tutorial somewhere in discord?

[gloomy gazelle]

If you know how to use metamask it’s pretty straightforward once you follow the instructions that metamask gives on the website. Just search google for metamask hardware integration

[serene lava]

Thanks 🙏🏻

[gloomy gazelle]

This video is old but still fairly accurate #🥩〕staking message

[torpid venture]

arent there 6 different revdis claims this year?

[candid kettle]

RevDis will occur at different times and become continuous after the game is released, there is no fixed number per year

[torpid venture]

dumb question but will we get any before release then?

[candid kettle]

RevDis from land sale is coming soon

Will be the first

[sly pelican]

Did the revdis in Eth or ILV get decided yet by the way? Also any idea on a ILV rough bottom?

[woven ibex]

The DAO distributes 100% of vault 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.

[carmine drum]

That gas is so sexy :v

[cunning perch]

It is indeed. It makes you wanna buy or stake or claim sth 😄

[near verge]

Is there an eta for v3 staking on immutable X. Or better to stake currentlt

[ember ginkgo]

Don't think that is any time soon

[fair wharf]

Still use sushiswap to get SLP tokens?

[turbid drift]

Hope everyone’s claiming pending rewards, gas at 5gwei. Cost me $2.50 to claim 10ILV

[proud ivy]

Thanks mate! And still earning at the weight of 2.0? Yewwww.

[hot lynx]

Just did a sweet 9 Gwei claim ahh yes 👍🏻

How much per token is the guess for RevDis @cunning perch @cyan rampart 👍🏻👍🏻

[cunning perch]

should be around 50. cents to $1 is my guess. Hard to guess as many sell and many more might be staking. Please use #💰〕token for RevDis discussion

[hot lynx]

I did and got no answer 🤣

[cunning perch]

It's Saturday 🙂

[hot lynx]

Gwei time 😀 lol just like 1 year ago

[ember ginkgo]

Sorry, didn't realise that was a question

[hot lynx]

Np 👍🏻

[rocky lily]

I have link in the flash pool. It used to be listed in the vesting section but no longer listed. Etherscan shows its still in the flash pool though. Any ideas on what may be causing this?

I know the flash pool has been over for ages. I'd like to unstake

[cunning perch]

Link should be there. Make sure to update your browser and wallet, clear cache, change the browser if you have to, and def make sure you have upgraded your pools.

[rocky lily]

I appreciate the guidance. I just tried Firefox and Chrome and cleared cache. No cigar yet. I went through the staking v2 upgrade a while back. I'm not prompted to upgrade anymore so I assume the upgrade process worked. In etherscan I see the transaction of my LINK to the flash pool but no transaction from the pool contract back to my wallet so I am fairly confident I haven't unstaked yet. Strange

[rocky lily]

For anyone else with the same issue, you can unstake by writing to the contract via Etherscan. You have to go to the stake pool contract in etherscan, then go to the "Contract" tab, and then to "Write Contract". Then expand "5. unstake", connect the wallet/address you used to stake originally, and enter appropriate values for _depositId, _amount, and _useSILV

[storm wolf]

just claimed my ilv for $5 lfg!!!!

[lofty hull]

Pending rewards gain nothing correct?

[candid kettle]

Correct, only after claim they start yielding and receive Revdis

[lofty hull]

But if you’re currently staking (1st time|zero claims) you don’t get RevDis, correct?

[sacred cosmos]

lol claimed SLP pool with 2.35$ lol Gas at 5

[fading bay]

Guys I need help with the SLP: pretending eth 1200 and ilv 100 , to stake I need 1 eth and 12 ilv.
This amount how many SLP token will grant me? And these tokens, according to today apy, how many ILV daily will reward me? Thanks for the answer

[blazing marsh]

just staked some ilv dont think its intime for redivs this month but who cares its there for at least 12 month ........yeeeha

and I got some unlocking next moths so time to start compounding

[devout bobcat]

You get rev dis for the amount initially staked

[timber sequoia]

revdis for your ilv part deposit and ilv claimed and vested

[buoyant bay]

I saw this staking ILV/ETH for 700% return in a year using bakerySwap.

What’s the difference between staking in Illuvium website and BakerySwap?

[magic ledge]

Hi my ilvs got unlocked after a year, I haven't withdrawn them. Do I still get rewards on them if I don't withdraw but they remain unlocked. Or do I need to restake them as that might lead to lose in weight value?

[cunning perch]

yeah you still get rewards as long as you don't withdraw 🙂

[magic ledge]

Cool cool, so no need to do anything

[carmine badger]

Is there anyway we can have an increase in APY/R with this pressure on staking? Or it just continues to decrease despite ILV and SLP staked?

[tulip folio]

As the emissions schedule goes the APR is designed to decrease 3% every epoch. That being said there's actually less SLP staked now (91,000) vs in January (98,000). APR looks low, however because it's based on the dollar value of ILV. The lower ILV is in relation to ETH then the worse ILV rewards look compared to the SLP staked (which is half ETH).

Ultimately you're still getting the same amount of ILV no matter what the APR on the site says. Frankly it's a bad and inaccurate metric, but people need something to guess how much rewards they will get, so there it is.

In regards to the ILV pool, well all claimed rewards go into that pool so you're just going to end up with a dipping APR there regardless. ILV pool has about 50% more staked now than in January.

[carmine badger]

Thank you! How often or how long is an epoch?

[onyx flower]

week

[tulip folio]

2 weeks

[brisk surge]

Anyone know how much slp you'd need to get 1.0 ilv per day. I think my .76 is getting me .02 ilv so 38 slp?

[timber sequoia]

100% scam

[worn turtle]

It’s gonna be an every changing number due to number of stakers and reward decay

[gaunt jacinth]

Do you still get revdis for staking in slp pool?

[timber sequoia]

for you ILV part yess

[gaunt jacinth]

Thanks

[finite eagle]

Just to clarify, from this little thread, for my rewards to earn rev divs I need to claim them, correct?

Once I claim them they vest for 12 months, but start earning APR in the ILV pool?

So it makes sense to claim as often as possible while taking gas into consideration.

Thanks in advance.

[timber sequoia]

yess, yess and yess ;)

[tulip folio]

according to my calculations it's currently more around 33.6 SLP.

[potent sable]

Yep

[brisk surge]

Thanks

[lean forge]

So with current apy values is there a point to consider plain ILV stake over ILV/ETH other than potential impermanent loss be greater than the current rewards?

Seems really unbalanced right now

[past glacier]

@lean forge you can buy silv2 on secondary for 1/3 value, so if it shows 200% you should consider silv2 as 200/3, cause you can just buy silv2 for 33% value on secondary

And dont forget, each time someone take silv from the pool, they are NOT taking ilv from the reward pool, what means ILV will becoming "rarer"

[gilded dove]

Wil it reach all time high again? I feel like it's going to be to much ilv in the market so it would be Harder to reach it. Like you get 200% of you stake, wtf

[cloud quiver]

So I guess impermanent loss wrecked us all, huh?

[tulip folio]

I have zero doubt ILV will reach ATH again. Personally I wouldn't expect it for a while though. I would think that the price will become a function of the revdis. If revdis is only $1/month per token, why would the token price be $1800 for a 0.6% return? As revenue increases over time due to multiple revenue streams being added, the token price should increase organically. The market will determine what token price correlates to what revdis amount, but I expect most people in crypto are pretty happy with 5-10% returns based on the "safer" yields from ETH staking, stablecoin yields.

Of course hype can do crazy things, if Illuvium is firing on all cylinders for the next major bull run I could see the top blowing off no matter what revdis actually is.

[versed coral]

IMO what’s great about illuvium is that due to revDis I don’t really care about the ILV token price, as all that matters is how much eth or revenue is generated within the game. More eth means more tokens actually if price was low, so I don’t mind selling 10 tokens at 100$ each or selling 1 at 1000$ each

[tulip folio]

It does hurt that I could have like 3x as many tokens if I never staked and instead held everything in stables, then bought in now. But if I could predict well enough to have done that I could have gotten much better gains on shiba or doge.

[versed coral]

Well yea that’s of course also what I had thought about sometimes. However, as I still fully believe in the project and long term success, I can cope with this

[gilded dove]

Is it better to stake just ilv then??

[cyan rampart]

It mostly has to do with your projections of what will happen in the next year. If yield was the only factor, the SLP pool would be a no-brainer (to me). However, you also need to consider revdis.

Right now we haven't had revdis happen yet, but there could conceivably be a point in the next 12 months where revdis on an ILV only stake is returning a greater APR than staking the SLP, + the revdis on the ILV portion of that deposit.

That tipping point could also be reached by additional investment being added to the SLP pool, which will drive the APR lower, making the threshold for an ILV only stake to outperform an SLP stake lower.

It's very hard to say what the future holds, I'm personally fairly happy to have some of each type of stake, SLP and ILV only.

The lower ILV goes relative to ETH, the more happy I am to accumulate ILV and periodically do ILV only stakes. I'm also on a long time horizon though, so DYOR and decide for yourself 🙂

[violet hearth]

Can someone give me some ILV single sided rewards pool examples from own use? taking about little fishes staking like 10-20ILV from current price

[cyan rampart]

Current APR is 15%. That works out to 0.0411% per day. With 10 ILV, at $106.28 per token, that's a $1062.80 investment. You'd return $0.436 in ILV per day., or $159.42 of ILV over a year. The APR also drops over time, and rewards are diluted by additional investment in the pool. The APR you stake at is not locked, it's variable, so you'd expect less returns after a year than I listed.

[tulip folio]

ILV staking rewards are currently fairly low. I have approximately equal amounts in SLP value and claimed/staked ILV value (all at 2.0 weight) and ILV rewards are like 1/12 of my SLP rewards.

[cyan rampart]

Of course, that doesn't factor in revenue distribution at all, since it could be extremely variable depending on the success of the game.

[past glacier]

@cyan rampart ¬¬

fact that will be extremely sucessfull, such amazing game already, imagine with the improvements

[cyan rampart]

If we matched Axie's best month, we'd be returning about $45-$50 per ILV in a single month. If we did about 7.5-8M in revenue in a month, we'd be getting $1 per ILV per month.

[past glacier]

I dont know you, but I have 6 ILV, and I am planning to buy my lambo next year Kappa

[tulip folio]

If we had $45 revdis in a single month the treasury alone would get like $67 million in revenue. Think of how many further projects/games/revenue streams just that one month could finance.

[cyan rampart]

Axie's best month was $342M for context. You can compare to other games as well to give yourself an idea of the scale.

A quick rule of thumb for revdis calcs is to take the revenue, and divide by 7.5M or 8M. It's not 100% accurate, but it's a good way to get a ballpark on what amount of revenue results in what kind of revdis.

[violet hearth]

i am looking specially for the revenue distribution

[quartz pulsar]

Hello, I was told this was the channel to address this question:

I had 1.8 ILV staked, level2 for one year and it was locked. I was hacked on mm, but felt safe on the staking as it was locked, is that not true? The 1.8 ILV is gone and site shows zero balance or rewards. also, I lost 3 properties during the hack --just an fyi

[candid kettle]

staked tokens are "safe" as they cannot be withdrawn before the lock period ends, but nothing prevents the hacker from withdrawing the tokens to another wallet when the lock time is over

[quartz pulsar]

why are they not showing up on the site--shows zero balance

[candid kettle]

did you look at the "vesting" tab of the stake? if the lock period is over, the hacker may have already withdrawn the tokens, you can see from your wallet activity on ethscan

[quartz pulsar]

yes I did, the staking period was 1 year startig april this year, and i did check both vesting and rewards all show 0

[candid kettle]

weird, are you sure it's the same wallet?

ethmain net?

[quartz pulsar]

Yes, I checked multiple times

[tulip folio]

if you want to provide wallet address we could take a look at transactions

[last agate]

If i stake 20 ilv in ilv eth pool.....i know apr will chng but any idea how many ilv i can get after 1 year

[gloomy gazelle]

Maybe 40. It’s too hard to know for sure. Here’s a breakdown… #🥩〕staking message

This tool may be helpful in making estimates.

#🥩〕staking message

[cyan rampart]

The tokens went somewhere, and the best way to check would be to look over your wallet's transaction history on Etherscan.

[quartz pulsar]

I get that, but this was stacked for 1 year, level two and locked

staked

[bleak karma]

if u claim SLP pool and ILV pool at the same time, is it more expensive than claiming just one?

[candid kettle]

it is cheaper to claim both at the same time than individually

[tulip folio]

we would really need to see your wallet address on Etherscan to even begin to help with what went wrong

[nova marsh]

I cannot wait for forge I really hope they pass it soon and just instantly implement it. I am ready

[finite eagle]

The forge will only make sense once APY on the ILV/Eth pool is a lot lower. A 8% discount at these price saves you what, $8.35 per ILV.

If you stake the same amount you'd make that $8.35 back in half a month or so.

You can either be stacked a year and save $8.35 or just stake in the SLP pool and make that $8.35 back in 15-20 days depending on the APY.

[tulip folio]

Right, it's less efficient to use the Forge as a buyer, so why would you want to prevent other buyers from locking tokens inefficiently? Might as well give people the option to do it. Takes the tokens out of circulation, prevents them from staking SLP and lowering the APR, etc.

Even if its so inefficient nobody uses it early on then it has no downside. It would be the same as not releasing it.

I 100% agree with your sentiment though, I'm not going to do anything but keep stacking SLP for the next year by pairing external ETH with my unlocked ILV (well Illuvitar and land are making me take a break LOL), but I could see myself selling unlocked ILV and rebuying discounted Forge ILV once SLP yield gets low enough.

[finite eagle]

We all know there will be people new to ILV that will buy from the forge because they see a discount without looking at the entire ecosystem before doing so.

Forge is a great idea once APR/Y isn't very high or once we have to stake to get rev divs.

I'm happy I didn't buy at the top when I first found ILV. Have a chance to really accumulate a lot of shares as prices bottom out.

I wish I had unlocked ILV like you lol, but I didn't know about Illuvium until November or December last year so benefited me more by waiting.

I could see myself using the forge in the future, but was hoping the discounts were dutch auction style.

[tulip folio]

hah I don't have any unlocked yet. I got in "late" near end of July. you mistake me for a whale
(and I was just introduced to Illuvium so didn't know how much of a con 600% APR was, only bought 2 ILV for my first buy and put one in SLP)

[finite eagle]

Any videos planned to discuss the unlocking, token price targets and what the SLP pool might look like in 6-12 months?

Illuvitars are obviously the next thing coming out, but for my own selfish reasons would love a deep dive into what the effects of the token unlocks will have on ILV price and SLP APR/Y.

Love the videos though, much appreciated.

[finite eagle]

Well your entry price can't be too much higher than we are now. Compounding is a hell of a thing thought even with 1 ILV.

[tulip folio]

yeah $180. Honestly ILV is singlehandedly holding my portfolio up this bear market. Maybe I'll be black before the bull even starts haha

[finite eagle]

That's awesome. By 2023 I honestly think we will look back and be amazed at the opportunity we had to get ILV at sub $100.

Either that or it's going to $0 lol.

Hope we get rev divs as soon as possible so I can stake it. Trying to get as many ILV tokens as possible before next bull run

[tulip folio]

Worst case scenario it goes to $0 and I work the rest of my life, which frankly is no different than if I didn't invest this money. I'd still work the rest of my life lmao.

Yeah $10/mo revdis doesn't seem too crazy, so thinking of having gotten ILV for sub $120 and making back your investment in a year or less just with revdis is nutso. I don't see how I contain myself if it gets sub $50.

[potent sable]

Yeah ive kinda covered the unlocks at length, and its effects on the slp. If you have something more specific in mind?

my skills at looking directly onchain are a bit weaker, but @steady trellis have u already looked at seeds investments into slp so far? Maybe I can utilise your work?

[finite eagle]

I'll go look for your video(s) on this.

Those IIP videos are really good though. I'm glad you did one on the forge cause I think it's important SOMEONE explain every IIP in depth for the community.

Hope your channel blows up come game release. Going to be ten's of thousands of people looking for information on ILV at that point.

Cheers!

[potent sable]

Here's hoping, all I care about is helping everyone. Once the forge is reworked Ill get another vid out

ill try make it a bit more structured

[steady trellis]

Not really, planned to do it but not yet. As only 1/3 of the rewards were claimed for the whole seed/team/management I just looked for now at what was happening on high level only.

It’s not complicate for SLP but will take lot of time.

[potent sable]

Hahaha well it's way above my current knowledge. Would you be open to helping teach me how to look at these onchain metrics??

[finite eagle]

Where can I find the price of an SLP token? Trying to estimate how many SLP tokens I can purchase at certain prices of ILV and Eth

[teal trench]

You can find the contract address in #🔗〕helpful-links

[finite eagle]

👍 thank you

[fast goblet]

do we know when the (small) revenue from landsale will be distributed?

[ember ginkgo]

https://tenor.com/view/illuvium-illuviumio-ilv-yield-farming-gif-22225026

[past glacier]

ilv/eth pool just rewards sILV, but at 94 price right?

[cyan rampart]

Nope, Rewards can be claimed as ILV or sILV2, regardless of which pool you've deposited in to get those rewards.

sILV2 is always valued at the price of ILV for in-game purchases, but is not pegged on secondary markets like Uniswap. The market determines the price of sILV2 when it's being traded through liquidity pools.

[past glacier]

hum, so ilv/eth is 150% apr claiming ilv too, almost 8x

why is so high, just impermanet loss factors?

[cyan rampart]

By design. 80% of yield rewards go to the ILV/ETH pool, and 20% of yield rewards go to the ILV only pool. The higher APR is to incentivize providing liquidity (this was necessary early in the project, and will be necessary for vault buys for revdis), and to cover IL.

[vivid cove]

1 year goes by quickly. Now it is possible to withdraw the stake 🥹 but no idea right now. 👏

[blazing ridge]

aight i bought ilv on sushi swap do i stake through ilv pool or ilv/eth pool?

[gloomy gazelle]

Yes.

Oops. We talked about it in #💬〕general like a bunch of noobs

[quaint nymph]

Can the dApp be updated with detailed step by step instruction on how to add LP tokens for staking? It is not clear the way it is now. My friend ended up adding liquidity to Sushi pool, instead of buying LP tokens

[brisk surge]

That sounds like the same thing. After adding the liquidity he should have recieved the SLP token that you need to stake.

!contract

[woven ibex]

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

[brisk surge]

might need to manually add the contract for ETH/ILV to his metamask to see it.

!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.

[quaint nymph]

oh ok

will check to see if metamask is showing the tokens... thanks I was not aware of the commands in discord

[brisk surge]

Let me know if you need any help troubleshooting.

[quaint nymph]

!contract

[woven ibex]

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

[thick lantern]

Got my slp staked for a month to try it out, less goo!

[reef cairn]

How do you guys do taxes on staking?

[worn turtle]

I would consult a tax professional in your jurisdiction rather than online folk my friend

[restive crystal]

Are you claiming rewards constantly or waiting to claim in bulk?
Considering the vesting period of 12 months

[ember ginkgo]

Depends how much you are staking, you have to make sure it's worth the gas cost.

[restive crystal]

True, but as of now its low costs so might be smart.
On another part, its maybe wise to save them and use in game as sIlv.. Thanks anyway

[south fable]

i claim when gas is less than 1% of claimed tokens. Which would be 1k usd now with gas around 10 usd for claiming.

[rancid plover]

Has anybody received any revdis yet?

[ember ginkgo]

No

[final steppe]

https://tenor.com/view/illuvium-illuviumio-ilv-yield-farming-gif-22225026

[rancid plover]

👍

[midnight eagle]

A few weeks ago my 1 year old stake also became vacant, this part I sold and bought land in its place.

Do you know if the portion I staked at the time is also eligible for the revdis? Or will this be just my claimed ILV that have been re-locked for a certain period of time?

[ember ginkgo]

Should be what ever you have staked now I guess

[midnight eagle]

Makes sense 🙂

[potent oasis]

do i have to withdraw my 1 year old slp to relock it ?

[ember ginkgo]

No, you can just leave it as it is for now

[potent oasis]

oki

did i just rekt myself by doing that, since i am a retard and have 0 patience i pushed the tx through 2 seconds after i asked the question

[ember ginkgo]

Then you'll have to lock it up again 😅

[potent oasis]

so i relocked it with a fresh stack but it seems my ilv/day is lower now than before even with a bigger stake

[ember ginkgo]

Maybe it just needs some time to calculate it

[potent oasis]

ait, thanks, hope that is the case

[short ridge]

what is meant by "weight" in the ILV staking pools?

[rigid widget]

Any word on the revdiv from the land sale?

[ember ginkgo]

IIP got approved so should be coming soon

[rigid widget]

Does anyone know what the #’s look like?

[cyan rampart]

Weight is relative. You can pretty much think of it like this: Tokens staked at a 2.0 weight will get double the rewards of tokens with a 1.0 weight. Assuming there are tokens with a 1.0 weight. If everything is at a 2.0 weight, rewards work out the same as if everything were at a 1.0 weight.

Ex. If a given pool had 500 ILV at 1.0 weight, and 500 ILV at 2.0 weight, and there were 10 reward tokens to distribute:

3.33 tokens would be split between the ILV at 1.0 weight. 6.66 tokens would be split between the tokens at 2.0 weight.

[vivid cove]

Do we know how many staked with 2.0 and with 1,5 and soo on? 🙌

[tulip folio]

xastor's Dune analytics dashboard had a graph for that info but some bits were buggy and he's fixing it. Right now that graph is removed but should be added back eventually. IIRC vast majority of ILV was at 2.0 weight (mostly from claims), a lot of SLP was 2.0, and a small chunk were the minimum, then a small distribution everywhere else. I could be completely misremembering though.

[vivid cove]

Sounds fair tho 👌

[brisk surge]

a few questions regarding ilv vs ilv/eth staking:

• staking ilv gives 100% revdis since it's all ilv?

• the downside is it can only increase invested ilvs at 20% max (1 ilv += 0.2 ilv)

• the upside is, there's no impermanent loss since it's single-sided staking

• staking in ilv/eth gives only 50% revdis since it matches ilv value to eth?

• the downside is ofc, impermanent loss, esp. if eth pumps higher than ilv

• the upside is, it can increase invested ilvs at 150% max (1 ilv += 1.5 ilv)

are all these expectations correct or some things are missing or completely incorrect?

[crystal violet]

If I get 0.2 ilv from 1 ilv, how long it takes to get this profit

And can I sell the 0.2 for example?

[cinder escarp]

You can get the 0.2 in that case with a 1 year stake, however there is also a 1 year vesting period from the moment you claim your rewards

When it is done vesting you can do whatever you want with it

[crystal violet]

So it's need 2 Year to sell my ilv

[lost swallow]

So I have some Rev Dis, not much, what’s this from…not land sale I assume

Thank god, was hoping for a bit more than that lol

[worn turtle]

Yes land sale

Its not all of them though

[carmine badger]

How much handed out so far?

[midnight crow]

How much Rev Dis did you get?

[brisk surge]

sweet! so it’s 1 eth per 15 ilv staked

[storm onyx]

seems like rev dis activation has affected the price of ILV

[crystal plover]

how did you come up with this number?

[rigid widget]

My revdis was minuscule compared to the ILV I have staked

[ember ginkgo]

It's just a test

[split mango]

Do we know what % roughly revdis already completed?

[ember ginkgo]

10 ETH out of 4k or so

[split mango]

👍 ty

[cinder escarp]

Depends on when you claim, you can also already claim a portion earlier so it vests earlier

[brisk surge]

I just did rounding up based on the image, ofc i can be completely wrong

[low wind]

anyone know why the dashboard on the staking page isnt loading for me? i can see the page, but the fields of info arent populating...🤔

[fierce chasm]

my investment in token is worth 10k atm and I got 0.05$ revdis. Hope it was only a test run 😄

[past glacier]

@fierce chasm

[ember ginkgo]

Thanks for the ping 👀

[past glacier]

Always S2

[shy storm]

Did they start with revdis?!

[past glacier]

@fierce chasm basically you should win US$20, 400x 10

[fierce chasm]

yeah everything ok. I am here for the longterm. once there is no silv anymore and the game is running, everything will be fine

[shy storm]

Didnt see any anouncement for it

[past glacier]

@shy storm there arent, was a test, people saw revdis in dashboard and got curious

[shy storm]

Ah ok, I do see 0.05 cents indeed 😝 that was the test?

[digital narwhal]

love to see these two together

[carmine badger]

Wow! This means your total ILV to be around 950-1000 ILV!!! 😎

[digital narwhal]

How would you even calculate that?

[noble osprey]

why? how did you calculate that?

[shy storm]

Time to claim that staking reward 😝

[crystal plover]

From revenue distribution number

[digital narwhal]

I do every 10 ILV

[noble osprey]

3,968.599 ETH still waiting for exchange

[fiery spire]

Around 550 is my guess

[noble osprey]

RevDis will be so poor, if it's only 0.25%

Only 0.25% ETH from landsale was exchange to ILV.
The result you see in your dashboard is 0.25% of your whole reward at the current price.

If You get all RevDis now, it will be propably less than 1% of your holdings in stake.

[brisk surge]

Yeah that was just a test transaction. The rest should be sent out starting in the next couple days.

[shy storm]

I didnt expect that much, an extra free 1% is good enough

[noble osprey]

it's still poor result ; (

[noble osprey]

if you calculate, it's more less than 1%

[brisk surge]

Im actually surprised how much it is. Its only around $5 million to be distributed. Once the game launches we could be getting that much revenue every day.

[noble osprey]

think about it: The Revenue Distribution will be only rewards from staking soon, so it's poor for now

[shy storm]

Just buy more ilv 😁

[brisk surge]

Theres still 2 years left for staking yield.

[noble osprey]

I wish

[shy storm]

More landsales will come, and ingame sales

[noble osprey]

bought more at 95$

[brisk surge]

Illuvitars coud be a huge revenue driver with all the sILV2 that got burned during land sale. Im expecting a much higher amount of ETH to be spent.

[gloomy gazelle]

https://tenor.com/view/illuvium-ilv-illuviumio-whale-yield-farm-gif-22293367

[noble osprey]

next landsales wont be in short time, maybe in 2-4 years

[gloomy gazelle]

We can estimate yours based on our own.

[shy storm]

Hmm I believe more in the game and land than silly image nfts

[noble osprey]

it depends how supply and demand of fuels will work in game

if demand for fuels will be at high level, the next land sale will come earlier than everyone expect, its only my thoughts

[brisk surge]

The game will definitely be the main revenue source once it comes out. People love to spend money though so I expect quite a bit of sales volume from Illuvitars.

[noble osprey]

we will see, illuvitars are much cheaper than lands, so more people can mint them

[digital narwhal]

https://tenor.com/view/alex-confused-stream-where-travolta-gif-25322502

[brisk surge]

I honestly kind of regret buying a land, esp. once I found out that what I generate 1x, everyone else in revdis gets 19x; if I have known earlier, I should've bought ILVs/ETHs, staked in the SLP pool and then live on with my life

[shy storm]

You forget the possible value increase on your land though