Hey All,
There was a time when the #sps rental market used to provided like an APR of above 8% at least and now its like we are not able to find users who can take the #sps for a mere 5% APR - how strange it that? Is it normal in current situation? To me its like a dent in my earnings from #SPS rentals. To be honest here I am not playing the Splinterlands game for like almost 2 Years now and most of my cards are either rented out or are lying ideal. Though I do have some cards deployed in LAND and there I am earning decent amount of Grains and #DEC which is another in-game currency in Splinterlands. Have a look at the above image where you can clearly see that all #sps which was staked 375K+ is also delegated out and here is the snapshot on the earnings and the APRs.
Before I get to my strategy ahead, let me tell you as to what I was doing with all the #dec being earned via the rentals and delegation of #sps. Well I was swapping all of it for #hive and powering up all the HIVE and this passive income stream was yet another source that helped me reach the GOAL of having 100K+ HIVE POWER aka HP. Now that the earnings have reduced I need to shift gears and find a alternative plan that gives best returns. This time round I have gone ahead with the 3% APR and the #dec received close to 3K+ was swapped for HIVE. BUut next time onwards, I plan to leverage all the earnings here in building my stake in the SPS-PKM Liquidity pool on Hive-eninge which is giving a decent return of above 24% - have a look at my current stake here which is worth $960+ and get me rewards close $0.60 cents on a daily basis.
The reward here is tied to #dec, #sps and #pkm. Now plan here would be redirect these earning along with the earnings from rentals of splinterlands cards along with #sps delegation to be redirected to this liquidity pool. I am thinking to increase this pool value to like $1.5K+ and once reached will stop adding funds. So its like take the #dec from rentals swap it for #sps and #pkm and then just add all to the liquidity pool. I may even go further taking my LAND earnings and convert that all to be added to the LP. Lets see how this strategy pans out in near future, I will report back with the progress in my upcoming post. Until then this should be it for todays post around - Splinterlands - SPS Token Rental see decrease in APR - My Strategy Ahead... #sps to the moon sooon.. Happy Investing..cheers
What is your $SPS strategy looking like? Did you buy $SPS at the low levels? Staked your $SPS? Are you selling VOUCHERs? OR planning to buy more packs? Did you open your CHAOS LEGION Packs? Got Lucky - with Gold or legendary card? How is your $SPS GOAL looking like?
#sps #strategy #splinterlands #SPS #Stake #rewards #liquidity #strategy
Image Credits:: splinterlands, leofinance, peakmonster, beeswap
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Stocks, Blockchain & Cryptos and have been investing in many emerging projects..
