Splintershards (SPS) is a new cryptocurrency governance token which was recently integrated into the Splinterlands game in order to provide increasing levels of decision-making ability and control over the product to the player-base, asset owners, and other stakeholders.
You may read the full documentation in SPS White Paper
Before learning how, lets talk first what staking.
Staking is an umbrella term used to denote the act of pledging your assets to protocol to earn rewards in exchange. Staking allows users to participate in securing the network by locking up tokens. Consequently, users are rewarded for securing the network in the form of native tokens.
Staking Splintershards is a simple way to earn greater rewards and perks for holding the token within Splinterlands. Staking is a way of locking in your assets for additional rewards on multiple levels. However, staked SPS tokens are not liquid and may not be transferred or sold. Staked SPS tokens may be unstaked over a period of four weeks, with 25% of the total amount of tokens being unstaked becoming available as liquid SPS tokens at the end of each of the four weeks from when the unstaking operation is submitted.
SPS Airdrop - For the first year of Splintershards' release, all players and collectors of Splinterlands assets receive daily airdrops, issued directly to their Splinterlands accounts. SPS was recently lunched last July 26, 2021.
Hive Engine - You can also buys SPS using your Hive Engine wallet.
Now that you learn what staking is, its benefits and its consequence, It is time to for you to know how stake your SPS.
Step 1. Log-in to your Splinterlandsaccount.
Step 2. Click the SPS icon
Step 3. Click on the Stake icon from the bottom of your SPS balance table.
Step 4. Type in your desired number of SPS to be stake and click stake.
You are now able to stake your SPS which will lock out your token for staking and will make you eligible for stake earnings.
To know more about the game you may read my article here.
Watch my video tutorial (tagalog) on youtube.
If you are interested in playing the game you may visit the Splinterlands website to register.
