Yep I would love to know more about APR vs APY ..👀👏
@Scoriox
2 жыл бұрын
Its on the way!
@GirlfightClub
2 жыл бұрын
Me too!
@ifeanyichukwuOkonkwo
2 жыл бұрын
Oh great. I think apr uses simple interest rate while apy uses compound interest rate. I learnt that when I staked on UnidoEP and learnt they pay returns, not yield for now, so that means it's simple interest. Like you said about the maths, it's interesting, but not too difficult. There are calculators all over the internet that can help you do such maths.
@Scoriox
2 жыл бұрын
Yeah its super basic but I am still planning on doing it because people like to see the tangible stuff.
@zejacques3935
2 жыл бұрын
One of your best yet mate! Really well explained, and nice and concise as well. Let's get that ILV!
@Scoriox
2 жыл бұрын
Hahaha 20 minutes isnt as concise as I would have liked. But a lot of timestamps so still glad I covered as much as I could. Thanks heaps friend.
@philippedenevers6789
2 жыл бұрын
Perfect ! Thank you for your work you deserve more audience and i'm pretty sure with time all your past videos will explode.
@Scoriox
2 жыл бұрын
I really appreciate this my friend
@azzblasterlive6710
2 жыл бұрын
Great work Scor! would have been nice if you talked a bit about the claiming. What happens to the claimed ILV, where does it go, is it auto staked etc.
@Scoriox
2 жыл бұрын
It is auto vested and locked for 12 months. This is independent of the kind of lock or pool you use. SILV2 is given to you unlocked if you choose this option. Since ILV is vested it also generates rewards but only the ILV pool yield
@brianthe1998
2 жыл бұрын
@@Scoriox so if i claim in ILV it gets locked again??
@Hansgans
2 жыл бұрын
@@brianthe1998 yes
@Hansgans
2 жыл бұрын
@@Scoriox Is it possible to pay out all vests at once if the claimed ILV are ready for withdrawal? Or do you have to pay a transaction fee for each vest?
@brandonhess9386
2 жыл бұрын
Would really like to see a video on the APY/APR! Thank you for bringing your passion into $ILV 🔥🔥🔥🙌
@Scoriox
2 жыл бұрын
Ill add it to the list@
@RistyAssets
2 жыл бұрын
So what amount of ILV do we earn and how do we calculate it? If the APR is 150%, let's say, and it never changes for this example, am I earning 150% on the SLP token, meaning if I stake 1 SLP token I get 1.5 ILV tokens in a year (1 * 150%) or is the 150% based on the ILV tokens provided to the liquidity pool? If it's on the ILV tokens and I provided 4 to get 1 SLP token, would I earn 4 * 150% = 6 ILV tokens in a year? I'm confused about what my actual return will be and how it's calculated. Any help is appreciated. Great video as always
@Scoriox
2 жыл бұрын
Hey Josh you are pretty much all over it. However it does include the Ethereum. Eg if you stake 1 Eth and 10 ILV (lets assume thats equal). Then you will effectively get 30 ILV over 12 months if the apr stayed at 150% the entire time. Since you get the entire pools value which is 20 ILV * %150
@lukeparisot7252
2 жыл бұрын
Really informative video, I'm thinking I might stake my ILV so perfect timing.
@Scoriox
2 жыл бұрын
Hahshaha I hope you manage to okay :) shoot me a dm if u need more help
@liam4154
2 жыл бұрын
Great video man! Super Helpful!
@Scoriox
2 жыл бұрын
No problem Liam
@markippolito3620
2 жыл бұрын
Cool glasses
@Scoriox
2 жыл бұрын
Thanks heaps Mark. Too reflective I think tho
@DrSyner
2 жыл бұрын
Thank you for the "look at" efforts ;)
@Scoriox
2 жыл бұрын
No.problem
@kevindeclerck672
2 жыл бұрын
Your gas fee showed so high because you didn't have enough ETH in your wallet. How much did you end up paying to add liquidity on your real wallet? Might scoop up some eth to pair them with my ILV that isn't yet staked
@Scoriox
2 жыл бұрын
Some in the comments have said their gas fees. It wasn't too bad for most
@kevindeclerck672
2 жыл бұрын
@@Scoriox I'mma stake now, you think price will drop alot on token unlock on the 30th of June? Think I'mma lock 2 months and convert back to ETH before the token unlock, then buy back and restake if price has dropped
@marcelokufelcarmona775
5 ай бұрын
can i stake using my trezor ? ( maybe i can conect my trezor to metamask and stake by there ) i tryied to do with some ilv that i have in BSC but didint work , just ilv in eth chain is possible to stake ?
@Scoriox
5 ай бұрын
Just on ETH yeah. And yeah basically u use ledger as ur 'key' for metamask and use metamask to stake
@acm-oj7hy
2 жыл бұрын
My man, no financial advice but which would you rather buy land or ilv? I plan to split it but you as the numbers guy might be able to give me a bit of your impression. I want to have fun and play but also making money is nice. Any help? Plz and thank you
@Scoriox
2 жыл бұрын
Try to diversify if u can but if u have to choose I'd say ILV is way safer and likely more profitable
@hereni9958
2 жыл бұрын
Excellent video Scoriox. Thank you for your content. A very important video. I did something for the very first time and you made it easier to understand. ✨✨ Interested in a video on APR and APY.
@Scoriox
2 жыл бұрын
Once you learn it you won't forget it! It's valuable knowledge
@lleonard2254
2 жыл бұрын
Quantity of tokens go up 300% and price down 90% => view in $, lost 70% in 5 mounths (PUMP & DOWN). ILV Price will continue down. I bought 42 lands and cannot play demo. Project are stopped whitout launch date. Price lands down. A lot of youtubers talking with irreal good tone....
@Scoriox
2 жыл бұрын
We are all hurting, but the games fundamentals haven't changed
@R3TR1BUT1ONz
2 жыл бұрын
Awesome!
@Scoriox
2 жыл бұрын
Thanks heaps retribution
@Dota2OG
2 жыл бұрын
nice video thank you
@Scoriox
2 жыл бұрын
No problem I hope it was helpful
@Vanderful_life
2 жыл бұрын
I locked my ilv for a year. APyear25.41% nothing I can do about it anymore right? slp sounds tempting now
@Scoriox
2 жыл бұрын
You cannot retrieve that ILV unfortunately. SLP is great
@Hansgans
2 жыл бұрын
Hey Scoriox! Could you tell me at what amount (ilv/dollar) you claim your staking rewards?
@Scoriox
2 жыл бұрын
Typically once a month. :)
@metsrus
2 жыл бұрын
is the same rate locked in the entire time you stake? or can it changes?
@Scoriox
2 жыл бұрын
The apy % changes dynamically. The token weighting such as 2.0 for a 12 month lock is static
@winfredtai7544
2 жыл бұрын
If I stake all my ILV, will I have sILV to play with when the game launch? Or do I need to save some ILV to convert later?
@Scoriox
2 жыл бұрын
We don't know any of this for certain but it may be safest to save a little bit of sILV2 for later :)
@captainblackjon
2 жыл бұрын
Should have worn a poker visor to complete the ensemble
@Scoriox
2 жыл бұрын
Hahahahaha thatd be pretty funny wouldn't be
@tobiasklingl8769
2 жыл бұрын
I am wondering… After 3 years, will there still be a reason for people to stake in the slp pool? If not there will be no liquidity left in sushi. You said that it is important for a project that there is always liquidity of the token. So will this be problem in the future, if they don’t come up with a good reason for people to keep staking in the slp pool?
@kalebmorrison9317
2 жыл бұрын
Hmm I do know people provide liquidity in pools and reserve rewards for other tokens. Although it's not identical to the way Illuvium is doing it.
@Scoriox
2 жыл бұрын
There are a variety of ways to combat this and they arent too difficult. It should be noted that the less liquidity providers there are the more money they make on transactions. Low liquidity is dangerous but if the pair has a lot of volume it will make sense for whales to provide liquidity and reap the rewards
@parobg
2 жыл бұрын
let's go
@Scoriox
2 жыл бұрын
Let's do dis
@editj9568
2 жыл бұрын
Come on man, youtubers in the defi space need to understand when doing videos you need to include ALL information relevent to the staking process. People want to know if we need to claim any rewards and if we can restake those rewards, and if so is it done automatically or we have to manually claim and restake.. especially when dealing with ETH gas fees, people need to know how often and how much is expected moving forward while locked up in the 12 months. its an important part , so these things should be included if you want to provide a complete video for this particular Staking/Pool.... Anyone know if rewards need to be claimed manually and incur lots of gas fees continually through out the 12 month lockup ?
@Scoriox
2 жыл бұрын
I apologise. You are right this is crucial information that I missed. Rewards do not compound until they are claimed. In terms of gas fees its highly dependant on how much money you have invested. I'd say with under 30k invested in slp pool claiming monthly will end up almost the same as claiming mote often. Over that quantity claiming weekly starts to yield some decent extra returns
@MahendraSolanki0
2 жыл бұрын
@@Scoriox In the reward page it says "ILV yield rewards are subject to a 12 month vesting period." So is this also same for L? reward instantly claimable or vesting for 12 months?
@graviplayz4986
2 жыл бұрын
@@MahendraSolanki0 yes you can claim them but they Staked automaticly with wait 2 for a year. Silv you can use directly for ingame
@flybreath2788
2 жыл бұрын
ding 100 likes
@Scoriox
2 жыл бұрын
Big thanks to everyone of course!
@Dota2OG
2 жыл бұрын
hahahaha the ending
@Scoriox
2 жыл бұрын
Hahaha glad you like it
@franzgibtschwanz
2 жыл бұрын
for some reason the staking site on illuvium isnt even loading for me.. is that a common problem?
@Scoriox
2 жыл бұрын
Ive heard some have had trouble with old bookmarks. Re-search in google or try clearing your browser cache.
@franzgibtschwanz
2 жыл бұрын
@@Scoriox hmm tried both and still doesnt work. It just keeps on loading after I connected to my metamask
@TBoneX1
2 жыл бұрын
@@franzgibtschwanz try with brave browser, my chrome fails to connect and loads indefinitely.
@brianthe1998
2 жыл бұрын
lol i just staked before this video
@editj9568
2 жыл бұрын
@brianthe1998 hey did you stake in the ILV/ETH pool ? and if so did you have to pay anything close to that one fee of $165 Eth gas in the Video ? the other gas fees seemed more reasonable at between $6 to $26 dollars, but that $165 gas fee is brutal .
@brianthe1998
2 жыл бұрын
@@editj9568 yes i did stake in the Eth/ILV pool but i did not have a huge fee of 165. It might be a bug but it could also depend on the current gas price. I paid lower fees while the gas was around 30 gwei at the time
@Scoriox
2 жыл бұрын
I have a feeling there was an nft drop or something that caught me during recording and bumped up the gas
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