Hi Everyone,
As we have staked SPS for over 70 days, the APR is now in the high 60s. For those who staked right in the beginning, the high APR meant that anyone who stakes will get a nice return. As more people stake, the APR will go down without a doubt but even that, the rewards are still very nice. What is even better in this instance with Splinterlands, every time you claim and restake, there is no fee unlike on the ETH or BSC chain, each transaction requires a fee. I tend think how lucky we are that the game is on the Hive blockchain, fast transactions and mostly importantly its free (just uses RC). The power of staking and compounding is important and this will generates a lot more tokens than you expect.
I am pretty busy during the day so I try to collect and re-stake my SPS twice a day to make the most of the nice compounding. Some might think it is a waste of time for a little bit of money (depending how big your stake is) but every bit counts. Don't underestimate the power of compounding. I do wish that Splinterlands have an auto stake function like on Pancakeswap which will eliminate the need to go in every day and let the system run and does its thing. It will also maximise the staking for those who doesn't have time to go in at all, as I believe Pancakeswap auto re-staking many times a day.
As the vouchers are coming soon along with the new card packs, I anticipate the APR will be much lower these few days leading up to the sale. I can also see that SPS prices might spike so these few days I did pick up some on hive-engine to add little bits at a time. The only dilemma is should I be spending SPS to pay for my packs to get the discount or keep it and pay them with a different method. At the moment, I am leaning on NOT paying with SPS even with the discount as I do see the potential for holding SPS for further development of the game. Please don't take this as financial advice, just a small player thinking out aloud the plan a few days ahead of the presale. Another thought is would I want to use up all my vouchers, there are already bids on Hive-engine for these vouchers .... I guess I'll find out when the time comes. Do you have any plans for the upcoming presale?
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So hard to know what to do. I think ultimately anyone in the game at the moment is sitting pretty. #samemoon
You are doing more than pretty haha, your 2 regions alone is epic :)
Wow this is huge. I started collecting SPS too. But since I have no cards yet it's very hard. I only get some airdrop from the DEC I have won at my first games.
anything is good, better than nothing :)
My sps is very little but i think i prefer buying dec to get more sps airdrop.
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DEC is best bank for buck for sps airdrop
I guess the trick is to sell SPS at what you think is a decent price and then just buy immediately before - you may as well, it's 10% off!
I'm just staking some, keeping some liquid, I will be using some to purchase but then again I bought 12K as soon as the CL announcement post came out at 30 cents!
I am sure you are!
hahahahaah omg I changed it hahahahah
btw good stuff getting sps at 30c, i got some too but not as many as you hahaha
I'm going with a strategy of staking as much as is needed to get 50 vouchers, to get the guaranteed promo card. The extra I'm keeping liquid and speculating with the price and buying packs when he price is up (hopefully) 😀 Found a really useful calculator from @gaminginasia that can be used to estimate the amount of vouchers: https://peakd.com/hive-13323/@gaminginasia/chaos-legion-voucher-calculator-find-out-how-many-vouchers-you-can-get-with-your-staked-sps-in-splinterlands
yah i know of that calculator but hopefully the numbers don't vary too much on the day of the distributions
I still regret not buying SPS at $0.3
Oh well, not too late now if you believe in it :)
My thought process was the same with regards to paying with SPS, but then I thought that if I was going to pay with DEC, why not buy SPS with DEC the minute that you are going to make your purchase. That way you get the discount and are not spending "your" SPS and also not risking the volatility of holding it from now until the purchase. Food for thought.
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interesting thought ..... have to think about that
I'm trying to keep some sps liquid for the sale, but i stll have no concrete plans. I really need to keep my wits together and get this sorted out.
get a plan ready, the sale is soon!!!
I think first is to have a 100 dollars investment for a practical desk card and boost power to silver 3 , then you will be good to go!
Never too late, still have 10 months to go :)