Hey guys.. sILV is the token i get after staking

sILV is a substitute currency that can be gained as yield when staking ILV. In game, it can be used to pay for any fee (excluding IlluviDEX trades and Leviathan Arena wagers) that otherwise would be paid for with the main currency ETH. While claimed staking rewards in the form of ILV are locked for 12 months, sILV offers the opportunity to liquidate your staking rewards immediately. The tradeoff for that is that sILV only can be used in-game and does not provide compounding in any form.

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15.10.2021

Rose · Accepted Answer

ILV is not needed for gameplay in any way. Instead it has three main functions: Governance: Together, we have the power to shape the future of Illuvium through our community collaboration on game improvement proposals as well as electing the initial model of governance, the Illuvinati Council. Liquidity Mining: Here, you will gain more ILV (or sILV). Additional ILV will increase your voting power in governance & increase your share of vault distributions. Vault Distributions: When you stake ILV, you share in Illuvium's success and earn a passive income of additional ILV, funded through in-game purchases and fees. Vault distributions will only be available from sales and once the game and Illuvidex are launched. For further details please read: <https://medium.com/illuvium/9-tokenomics-launchpad-and-reward-details-5894c3b356be> <https://medium.com/illuvium/28-everything-you-need-to-know-about-staking-ilv-6669594b2fac> <https://medium.com/illuvium/29-governance-yield-farming-and-vault-distribution-faq-7327ae7eb507>

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Hey guys.. sILV is the token i get after staking

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