TLDR - Create separate leaderboards for the set and the current active wave once a wave releases. This would mean we continue giving 100 ILV to the main leaderboard, but we would also be giving 50 ILV to the current active wave leaderboard.
In order to engage excitement with the Beyond ecosystem I suggest we create a separate leaderboard for each wave as soon as possible.
The idea of having separate leaderboards is a must have in these types of systems in order to incentivize new players to participate in the Beyond game by bonding their illuvitars and trying to climb up the ladder for better rewards and not feeling daunted by all the previous waves.
If we don't create a new leaderboard by wave 3 only the top 100ish players will be incentivized once again to bond and the barrier for new players to achieve a leaderboard spot will just keep getting bigger and bigger as waves pile in.
The current active wave leaderboard would be for the best 100 collections of that wave and would pay 50 ILV, half of the all-time leaderboard.
The current active wave leaderboard would stop rewarding once the corresponding wave ends.
@fair spruce already presented a proposal for this, go check it out and give your thumbs up:
Let's make Illuvium Beyond Great Again!

