I think the SPS airdrop ending has left many a little bit flushed. As with all Splinterlands events, there is this big build up and then 10 seconds later everyone is like: "So now we go home right?"
Now that is neither here nor there, it is just amusing. It did free up a ton of DEC though, and although I was not exactly stacking any DEC. I have been holding my last month's SPS as liquid.
The first thing that got sold on the backfoot is obviously now the liquidity pools for SPS. From the above image it is obvious that it is a comfy little APR but really is it though?
I do expect SPS to go up and whether that is today or in a couple of months is to be determined. If I was going to consider a pool it would probably only be the SPS:HIVE or SOMETHING:HIVE or one of the assets themselves pools.
Obviously that is for everyone to decide for themselves but there is no reason to provide liquidity if I expect the price to go up. Splinterlands APR is in general extremely low so anything I decide will be because I don't want to think on it anymore.
Even just considering it a person should consider the median APR is going to be from 10%+ and maybe less. Ontop of that unless I have 100's of $ in then it becomes almost negligible and providing liquidity is more a set and forget technique.
Anyway those are just my thoughts on liquidity provision, in summary, it is not so much to make money although, it is that too but for me it tends to be a I feel like I am at least earning. So basically staking with extra steps and higher risk of losing because of price increase.
I did get a nice smile, aside from being able to buy a couple of packs for $2 because of how low DEC is now but because hopefully land PLOT's are getting so cheap I can buy an entire township. By the looks of it the land PLOT's are quickly going for ghetto prices and I hope it last just long enough for me to get a couple.
On the other hand I also do lack the DEC as usual to buy more packs since I only have 180 airdrop points and these discounted packs can go a long way to ensure future airdrops.
It is a huge gap though, and if I look at my $450 total Chaos Legion deck value including cards I manually bought even with that 450/180 is only about $2.5 value gained from packs on average.
On one hand with the discounted packs now that is dandy but just on average it is pretty meh. Obviously it is going to be a long road before packs become more worth than what we are buying them for and with that in mind I should stop forgetting what I planned 20 seconds ago and just stick to getting more packs even just for stacking and especially with the discount DEC.
It is tempting to sell all my current cards I don't need and converting them to packs but I again don't like such a gamble and really I guess holding my cards for ever might be no diff from just entering a 30% APR liquidity pool.. Although the cards I think will always be more worth in the long run...
Ok that last bit was a ramble. So I guess that is my senile queue to go.
