How To Stake
STEP BY STEP
STEP 1
Get a Wallet
To start staking, you'll need a wallet like Metamask. Install it from Metamask.
STEP 2
Buy ILV
You can buy ILV from decentralised exchanges (DEX) or centralised exchanges (CEX). A DEX allows direct peer-to-peer transactions without an intermediary, while a CEX is a platform that facilitates trading between users.
For more details, visit our What is ILV? page.
STEP 3
Stake ILV
Staking means locking your ILV tokens to earn Revenue Distribution. The longer you lock your ILV, the higher the more Revenue Distributions received.
For example, a 12-month lock period gives you 2x Revenue Distributions, a 6-month lock period gives you 1.5x Revenue Distributions, and so on.
Click on the “Stake” button in the app, enter the amount of ILV you want to stake, choose your lock duration, and confirm the transaction with your wallet.
STEP 4
Accrue Revenue
While your ILV is staked, you accrue revenue. Illuvium generates revenue from games, merchandise sales, and other activities. A portion of this revenue is distributed to stakers.
STEP 5
Collect Revenue
Revenue is distributed every few months. You can collect your share by clicking the “Claim” button in the app.
STEP 6
Withdraw or Continue Staking
After your chosen lock period ends, you can withdraw your ILV or leave it staked to continue accruing revenue. The choice is yours!
Watch our video guide