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28. Everything you need to know about staking $ILV.

$ILV token holders are able to stake their tokens and earn rewards from the network. Getting started is easy. Just have $ILV tokens in your Web 3 wallet, head to our staking website, follow the steps below, and you’ll be staking $ILV immediately to earn tokens or in-game currency.

What is the staking program for $ILV?

100% of in-game revenues are distributed back to stakers in the form of $ILV.

A total of 3 million $ILV tokens will be distributed over a three year period.

$ILV rewards are subject to a 12 month lockup period. sILV can be claimed and used immediately for gameplay.

What is an $ILV token?

$ILV is an ERC-20 token issued to liquidity providers on the $ILV decentralized exchange.

Need to buy $ILV? Go to the Invest tab at illuvium.io to acquire tokens.

What is $ILV Staking?

Staking ILV is relatively easy and requires a compatible Ethereum wallet containing $ILV and $ETH to pay for gas.

To get started, go to the Staking tab at staking.illuvium.io to approve and stake your $ILV tokens.

How to Stake ILV

Step 1

Start by going to staking.illuvium.io

In the top right-hand corner, click “Connect your wallet.“

Next, choose the type of wallet you wish to connect.

Step 2

Once Connected, click on the “Stake” tab and choose Core Pools.

Click approve and follow the prompts on your wallet to finish the transaction.

Step 3

Choose the pool that you wish to stake in and click “Stake.”

Step 4

Choose between flexible and locked. Flexible will get no multiplier rewards, while locked increases your pool weighting by up to 2x.

Then add the amount you wish to stake and click the “STAKE” button and move the process to your wallet for final confirmation.

Step 5

A metamask prompt will appear.

Review the transaction and associated gas fees (Paid in ETH) and click “Confirm” to send the transaction to the blockchain.

Wait patiently for the transaction to confirm on the blockchain.

A pop-up will appear once the transaction has been approved.

Step 6

Choose how you would like to claim your rewards, and click the corresponding button.

Rewards claimed in $ILV are subject to a 12 month lock, whereas sILV can be claimed and used in-game immediately.

Step 7

A metamask prompt will appear.

Review the transaction and associated gas fees (Paid in ETH) and click “Confirm” to send the transaction to the blockchain.

Wait patiently for the transaction to confirm on the blockchain.

Step 8

Click the Vesting tab, and view your deposits and rewards.

Once rewards have vested you can withdraw them from the protocol.

Step 9

Congratulations, you are now Staking ILV in the Illuvium Protocol!

Have more questions? Ask the community!

Our Discord community moderators, and the global Illuvium community, can help you. Check out the #🥩staking channel on our Discord server to see if your query has been answered by others!

Quick Links:

https://illuvium.io/
https://twitter.com/illuviumio
Join us: discord.gg/illuvium

You’ll be hearing more from us soon!

28. Everything you need to know about staking $ILV. was originally published in Illuvium Hub on Medium, where people are continuing the conversation by highlighting and responding to this story.

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