This new user Staking v2 tutorial covers the basics of how to use Illuvium’s staking dashboard (https://staking.illuvium.io/) including: Overview of staking, Connecting a wallet, Choosing a pool, Staking funds, Earning and Claiming Rewards (you can now claim ALL REWARDS at the SAME TIME), Withdrawing Deposits and Rewards. This tutorial is intended for New Users, if you are an existing user please watch that tutorial video as well.
Illuvium: Staking Playlist: https://www.youtube.com/playlist?list=PLTxVFDfpJHrMOZXjJeaLlfcnbyB-LwhxF
In-Depth Article: https://medium.com/illuvium/42-all-you-need-to-know-about-staking-v2-94e77f295ff
Disclaimer: This is not financial advice, and is strictly for educational purposes.
The staking platform allows Illuvium community members to claim yield and revenue distribution rewards from the protocol. This is where users can: Stake tokens and receive rewards, Claim rewards in ILV of sILV2, View vesting rewards and deposits. This interface also provides an at-a-glance transparent view of protocol metrics such as: Price, Market Cap, Estimated Holders, Total Amount Staked, and Emission Schedule.
To Connect a wallet, Choose your wallet type: Browser, Web, Hardware and we’re Adding new supported wallets on an ongoing basis. After your click “connect wallet”, you may need to execute some confirmations depending on your wallet. To confirm your wallet is connect look in the corner and you’ll see an abbreviated version of your wallet address. Users will need to purchase ILV token from a centralized or decentralized exchange and transfer those tokens to the wallet connected to our dashboard in order to begin the staking process.
There are two pools available to stake in the Illuvium protocol: Click pools, The ILV Pool is a single asset pool, and requires ILV tokens to be deposited. The ILV/ETH pool requires Sushi Liquidity Provider (LP) tokens to be deposited. Once you have acquired the relevant tokens, you can click the stake button for that pool.
Staking Tokens, You’ll see your current token balance. Select the amount, or percentage, you would like to stake, Choose the duration, Take note of the estimated APR for your selection. When you’re ready to stake, simply click stake and you may need to execute some confirmations depending on your wallet.
Once a user has staked into the platform, they can begin earning rewards immediately. Click rewards. ILV rewards are subject to a 12 month vesting period, and while they are vesting they compound your rewards. sILV2 rewards are unlocked and can be used in-game once the game is live. Revenue distributions are unlocked and can be claimed as soon as they are available in ILV. To claim rewards choose your pool that has pending rewards: You can claim either sILV2 or ILV, Select your desired reward, Click “Claim Selected Rewards”. You may need to execute some confirmations depending on your wallet.
Users can withdraw deposits and rewards from the vesting page once their unlocked: Click Vests, All of the information you need about your rewards is located there: Pool, Amount, Source, Date Staked, and when it unlocks. Deposits or rewards from the same pool can be withdrawn together at the same time by clicking the check box next to each one, then clicking withdraw
Please note: Deposits and rewards cannot be withdrawn at the same time. After your click withdraw, you may need to execute some confirmations depending on your wallet.
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ABOUT THE GAME
Illuvium is an exploration looter and collectible autobattler game built on the Ethereum Blockchain, releasing on PC and Mac in 2022. Play and earn in a graphically-rich, vividly-realized sci-fi adventure and conquer the wilderness to help your crash-landed colony flourish.
Race across stunning alien landscapes on your quest to uncover the cause of the cataclysm that shattered Illuvium. Hunt and capture Illuvials, powerful creatures who have ruled the land unchallenged until your arrival. Train and fuse your Illuvials into powerful evolutions. Build your ultimate Illuvial team to take into battles and tournaments in PvE and PvP Arenas. Use your creativity to build unique synergies to outsmart your opponents and progress to the top as become the most legendary Ranger on this planet.
Illuvium’s collectible NFT games feature crypto token assets with functionality and a gaming use case, interoperable across the Illuvium universe and the larger DeFi metaverse. The decentralized NFT collection offers players a user-maintained custody never before possible in mainstream gaming.
Follow for character leaks, gameplay reveals, dev updates and more:
Facebook: https://cutt.ly/illuviumfacebook
Instagram: https://cutt.ly/illuviuminstagram
Twitter: https://cutt.ly/illuviumtwitter
#NewUsers #StakingV2
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Source : https://www.youtube.com/watch?v=_n-XDMkxYLM
