The Splinterlands team is extremely excited to announce the release of the long-awaited card rental system on the Splinterlands.com website! We feel that the ability to easily and trustlessly rent out cards to other players is one of the most unique and important features of Splinterlands. It provides the opportunity for players with large collections to earn passive income while simultaneously providing an opportunity for players who don't have the resources to buy cards to field competitive teams and grow their earnings.
Listing cards for rent on the Splinterlands website will be very similar to the process for listing cards for sale except that rentals will be priced in DEC tokens per day rather than USD amounts. This is necessary due to the fact that rental payments will be paid out incrementally from an escrow account to the card owner every day over the rental period, and fluctuations in the DEC market price over that time could cause the amount of funds held in escrow to be insufficient.
The cards available for rent will be shown in the new "Card Rentals" tab on the market page of the website as shown at the top of this post. When a player wants to rent a card, they choose for how many days they want to rent it and will be required to pay the full amount up front in either Credits or DEC tokens.
The amount paid will be held in escrow by the game system and automatically paid daily to the card owner until the specified rental period ends. When the rental ends, the card will be automatically undelegated to the renter and returned to the owner. Please note that there will be no cooldown for cards that are delegated or undelegated via the new rental system.
Rentals can be cancelled by either the card owner or the renter at any time, but the rental will not end until the next 24 hour period is complete, since the renter has already paid for that time.
For example, if a player rents a card at 12:00, then if the rental is cancelled an hour later the rental will still remain active until 12:00 the following day, at which time the card will be automatically undelegated from the renter and returned to the owner. Any additional funds held in escrow will also be returned to the renter in the case of a cancelled rental.
Fees for rental market transactions will work exactly the same as for the sales market. The Splinterlands website will set a 5% fee, paid by the owner listing the card for rent, and the fee will be paid out daily to the market through which the card is rented while the rental is active. Third-party markets may allow listing cards for rent for lower fees, however those cards will not show as available on the Splinterlands website.
As with the card sales market, the rental market on the Splinterlands.com website only provides the basic features necessary to list and rent cards one at a time. We look forward to third party markets and other services integrating the new rental system and offering numerous additional features to make it easier for players to manage and automate their rentals.
PeakMonsters in particular was instrumental in helping design the new rental system and is planning some really groundbreaking developments around managing the rentals of large collections in a seamless and automated fashion, including automatically re-renting cards when/if existing rentals expire or are cancelled and ensuring that both renters and owners are always getting the best market prices for their rentals.
If you're a serious Splinterlands player or collector and you haven't tried out https://peakmonsters.com, we heavily suggest that you check it out and follow their blog at https://peakd.com/@peakmonsters/ to stay on top of their new feature releases.
That being said, there are also other great third-party markets, such as MonsterMarket.io, which we hope will also implement the new rental system and provide unique and helpful features for players.
The following are the technical details of the blockchain operations for the new card rental market system. These are intended to be used by third-party markets or developers who would like to build tools and services that utilize the rental market.
Operation ID: market_list
Parameters:
rent[['C4-123-ABCDE12345', 10], ['C4-124-FGHIJ67890', 12]]Operation ID: market_rent
Parameters:
DEC or CREDITSThis can be used by both renters and owners. Rentals cannot be cancelled within the first 24 hours. If a renter cancels a rental, then the card(s) will remain on the rental market at the same daily price. If an owner cancels a rental, then the card(s) will no longer be listed for rent on the market.
Operation ID: market_cancel_rental
Parameters:
This can be used by renters to extend the length of active rentals. Please note that renewals must use the same currency as the original rental - either DEC or CREDITS.
Operation ID: market_renew_rental
Parameters:
DEC or CREDITS (Note that this must match the original rental currency)The existing update_price operation can be used for rentals just like for sales. It may only be used on market items that are not actively being rented by another player.
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