Illuvium Official Chat

And how to get ETH/ILV tokens to stake ?

#cryptocurrency #english #illuvium

31.03.2022

2 ответов

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Dick Kingz

#slp

31.03.2022

Rose

Providing liquidity for ILV is done via an ILV/ETH Pool on SushiSwap and requires a few different steps compared to staking only ILV. These steps are the following: - You acquire a 50/50 ratio of both ILV and ETH (in $) - You go to: <https://app.sushi.com/add/ETH/0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E> - After approving the contract (if this is your first interaction with it), you stake your 50/50 ratio of ETH and ILV in the pool - You receive SLP tokens (To see them, add the SLP contract address to your wallet: 0x6a091a3406e0073c3cd6340122143009adac0eda) - You go to: <https://staking.illuvium.io/staking/core> - You can now stake your SLP Tokens in the Sushi LP pool just like ILV is staked in the ILV pool. If you never provided LP before though, make sure to understand IL: <https://academy.binance.com/en/articles/impermanent-loss-explained>

31.03.2022

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