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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.
Last modified 1yr ago