Hello everyone, I'm going to be diving into how you can make the most of your Splinterlands assets based solely on APR.
Note: The APR will be taking into account airdrops and rental prices. It will NOT take into account price appreciation. So although land will give terrible APR, it could go up 1000% and be a more worthy investment.
I will demonstrate the calculations, and perform them all at their current price.
General formula: Return Per Day = Airdrop Points * SPS Distributed per Day * SPS Price / Total Airdrop Points + Rental Price
APR = Return Per day * 365 / Cost
Constants: Airdrop Points, SPS Distributed per Day
Variables: SPS Price, Total Airdrop Points, Rental Price, Cost
In general:
Of course, Rental Price is only applicable for cards, so it will be 0 for all other assets.
Without further ado, I will go into the various assets and their APR.
Often presumed to be the best asset for the airdrop, it undoubtedly gives an excellent APR. DEC is the gold standard for the airdrop, so let's check its APR. We'll calculate for 100 DEC.
Return Per Day = 100 * 1,095,000 * .469 / 9,246,675,276 = $0.00555
APR = .00555 * 365 / 1.112 = 182.3%
Notes:
An increase in the price of DEC will cause a decrease in the APR.
From now on, we'll compare all APR to the APR we get from DEC.
As I alluded to, land has a very poor APR compared to other assets. Land gives 10,000 airdrop point and its current price is $883. Using the formulas that gives us:
Return Per Day = 10,000 * 1,095,000 * .469 / 9,246,675,276 = $0.555
APR = .555 * 365 / 883 = 22.96%
With an APR of 22.96%, this is one of the worst assets to buy ASSUMING there is no appreciation. I don't want to discourage land purchasing, but do not buy land for its airdrop points, buy it for potential appreciation.
DEC APR is 182.3%, vastly higher than the 22.96% from land.
Notes:
An increase in the price of land will cause a decrease in APR.
All different card packs will have different rates. I will touch on Alpha, Beta, Untamed, and Chaos Legion.
4800 airdrop points with a price tag of $812.
Return Per Day = 4800 * 1,095,000 * .469 / 9,246,675,276 = $0.252
APR = .252 * 365 / 812 = 11.32%
2400 airdrop points with a price tag of $132.
Return Per Day = 2400 * 1,095,000 * .469 / 9,246,675,276 = $0.126
APR = .126 * 365 / 132 = 34.83%
600 airdrop points with a price tag of $101.48.
Return Per Day = 2400 * 1,095,000 * .469 / 9,246,675,276 = $0.0315
APR = 0.0315 * 365 / 101.48 = 11.32%
300 airdrop points with a price tag of $7.94. General sale will be $4. I will be doing both calculations.
Return Per Day = 300 * 1,095,000 * .469 / 9,246,675,276 = $0.0015743
APR Now = 0.0015743 * 365 / 7.94 = 72.37%
APR General Sale = 0.0015743 * 365 / 4 = 143.65%
As you can see, all packs besides Chaos Legion have pretty poor APRs. Once the general sale rolls around though, Chaos Legion's 143.65% is close to DEC's 182.3%. A quick way to check which will give better APR, DEC or Chaos Legion, is to multiply the price of DEC by 300. If that is higher than $4, Chaos Legion will have a better APR than DEC. If it is lower, Chaos Legion will have a worse APR.
Notes:
If the price of packs decreases, the APR will increase.
By far the hardest to calculate, I have put together a spreadsheet to help. This requires the most effort, but can pay out the most as well.
https://docs.google.com/spreadsheets/d/19r2YjIA3Lsj5I__Ouq8kJaz0JAOjvMkKD87ujthK1wY/edit?usp=sharing
I will now walk you through how to use this spreadsheet. The top two rows will be the same for all cards, but please adjust them to the current prices. Row 6, however, will change per card. Adjust row 6 to represent the card you wish to calculate. Do not change any other rows. As you can see, Pelacor Bandit lvl 8 pays out better than DEC does right now.
Notes:
When it comes strictly to APR, you should choose between cards, chaos legion packs, and DEC. With that in mind, I encourage you to only buy assets you believe will hold their value or appreciate. I like pelacor bandit, so I've invested in it. I don't like venari heatsmith so I have not invested in it.
I hope this helps, and if you have any questions or difficulty accessing my spreadsheet please let me know!
