Over by Splintercards.com they have updated their SPS staking calculator to include GLX air drop. So I decided to calculate what I would be earning with my current SPS stake. I is a bit surprising to me to see that staking 26k SPS would be yielding close to $1 in reward value. Of course the tokens being air drop could potentially fall in value making the daily rewards less enticing. Yet considering where I started last year to where it is now I would say I am happy with the earnings.
Snapshot of my actually SPS balance to date and the APR% yield directly from Splinterlands. It is very surprising that its only showing as 24.68% APR which excludes GLX air drop. This would imply how important it is to be staking SPS now and earning the GLX air drop since that will only last in total for a year. Once the GLX air drop is over I wonder what maybe in store for staking SPS? Would there be another project with another set of token air drops? Who knows?
What seems to be a little inaccurate with Splintercard's SPS staking calculator is the Vouchers I am earning daily. For now I have close to 60 Vouchers, but I do not think I am earning 1 a day as calculated from Splintercards.
In any case I have notice Voucher prices have been dropping rapidly and it remains so.
Without real utility to the Vouchers the price remains pressured to the down side. I am hopeful though and betting in the future it will have more uses and I have been holding onto my vouchers.
For those curious Splintercards also has GLX staking calculator next to the SPS staking. It appears that the GLX %APR is much higher at a current rate of 273% than SPS staking. With 1000 GLX staked one would be earning close to $0.27 daily. Although APR rates have fallen since inception it is still worth wild to stake some GLX with such great returns for those who are playing the game.
It is staggering to believe how much one can earn just staking Splinterlands tokens without doing anything more. At 26k SPS it is about $700 but yielding me $1 a day. I don't get this kind of return playing the game. Heck if I only had $700 worth of cards I probably won't even earn $0.01 a day in rewards.
On average I am pulling close to $0.10 a day with gold league reward chests. That is about 25 battles to play with a deck worth around $4300.
It makes me wonder would I be better off simply holding SPS in lieu of NFT cards and simply stake SPS to earn daily yields?
Until next time thanks for reading!!!
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