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RE: [ENG/ITA] Swapping VOUCHER for SPS and Reaching Almost 9k Staked SPS

in Olio di Balena25 days ago

I've got the card I wanted, so now I'm selling all my vouchers while they are above 10dec/voucher.

I will prepare for the next card closer to the time, as I expect vouchers to drop back below 10DEC/Voucher further on into the cycle.

I've not tried this cycle game before, will be interesting to see how it plays out.

I wonder if I should be buying Grain with my voucher proceeds ???

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I've read that Grain in the future is supposed to become rarer due to a change in what each Land produces (not sure though if this change has already been implemented), but this could be a reason to buy it right now before its price might start to rise :)

It's not been implemented yet, it will come in Q1 with land 1.75 when only grain producing land terrain types will produce grain. At that point there will be much less grain produced and much more demand for it, however there is a VERY large stockpile of grain in existence now, so it may take a while for this play to bear fruit.

In the meantime, I am building a position in the DEC:Grain LP to capture the increase in fees for swapping that will be generated as more ppl need to buy grain and as a result and to grow my qty of DEC in the LP as the grain price in the LP rises

So voucher DEC is going into DEC, which is being split between grain and DEC and added to the LP over time

Looks like a very cool and solid strategy! LPs are a bit tricky because you always have to track the token prices to avoid excessive impermanent loss, but if you can leverage them you surely are going to get back a nice ROI :)