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Illuvium Staking Docs
  • Illuvium Staking v2
  • Staking v2 App
    • Overview
    • Dashboard
    • Staking
    • Rewards
    • Vesting
  • User Guides
    • New Users
      • Connect Wallet
      • How to Stake
      • Claim Rewards
      • Withdrawals
    • Existing Users
      • Upgrading to Staking v2
      • Flexible Deposits
    • About Illuvium Staking
      • How does Governance Work?
      • What are the staking pools in the protocol?
      • What is the difference between the ILV pool and the ILV/ETH pool?
      • What is variable locking?
      • What happens when I vest my rewards?
      • How long should I wait before vesting?
      • What happens to tokens after they are unlocked?
      • What happens to vested tokens after they are unlocked?
      • What is sILV2?
      • What is the Vault?
      • What are distributions?
  • Glossary
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  1. User Guides
  2. About Illuvium Staking

What is sILV2?

Stakers have the option to claim their tokens in the form of sILV2, a synthetic token that is pegged to the price of ILV inside the game only. sILV2, like ETH, can be used as currency to purchase things in-game such as Curing Shard, Skins, Enhancements, and Travel. Unlike ILV, there is no vesting period on sILV2, and they can be used immediately as soon as they have been claimed.

Note: Staking will be live before the game release. As such, sILV2 will serve no immediate purpose until game launch. sILV2 will also have to be sent to IMX in order to be used in the game, so there are 2 gas transactions.

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Last updated 3 years ago