The grain per dec is quoted on spl.com as if you are buying grain with dec but it does not show you the quote properly for selling dec where the spread is actually much larger than you think when you divide the grain sold by the dec received which should equal the quote but its about 34.48 higher with a quote of 181.56 grain per dec which means grain has inflated over 3x its original price when land came out and it will keep inflating as long as every plot can produce it and there are no other resources to produce. As long as its just grain, sps and research most grain will be sold and some will be siphoned off to sps and research but we also need to look at which is more profitable and I will be analyzing my land a bit more as it is definitely not as profitable as people think with all the hidden costs and opportunity cost given up with land. Land has given us very little returns when it was in development with the sps it distributed and it also now keeps getting worse returns daily so you might as well sell as fast as you can for the resources since by time the things are in place to be able to let grain inflation stop or slow down or go the other way it will be years likely based on the track record. It would be nice to get storage in here as a thing so that all those useless common plots become worth something again and people can get out of the ones they dont need or use them as storage rentals to people or for storage of the lp assets but having assets in the lp definitely has not been profitable due to impermanent loss and how fast grain is inflating. The fees earned are about 5% total and that is not very good compared to other less risky defi platforms like aave and with less risky tokens that wont inflate like that as fast. I am getting much more than that on aave using a strategy with usdc and GHO there stable coin and a arbitrum airdrop and also with a strategy on radient with kelp dao staked eth and borrowing weth at 3% and i swapped that eth into the stables that are being used on aave and my rate of return on the eth set up is 30% apr and the aave stable coin set up is more than double the return of the grain lp. I will be keeping track in excel now to chart the grain actual inflation and present it to people so they know how it has gone over time as this is not tracked by the team anywhere. Also will be tracking other metrics that i will have posted weekly with different statistics for each day or two that may be useful. I want to make something that monitors all the whale activity and not just there activity on hive if i can find three bsc address to see where they send threre tokens then i can put together a more accurate picture of who actually controls what and how much as many have it spread all over between lps, off hive , and staked. Also want to have a map of land that basically tells me how much dec is locked up in land and where how much more can be locked up and how many plots are producing each thing and what is the best ROI on land between dec and sps as research is not known at this time and based on the delivery of previous things the team will take a long time and i need to get my returns now not speculate as much. I have a little research but not much and im focused on dec from grain and sps as well things i can sell for other crypto getting my cash out of the game or using it to reinvest in packs to open to find cards and sell the useless ones. Will be focused on buying rift and rebellion packs with some of the money i retain so i can hopefully multiply that if new players come in. Also may buy some older cards if someone sells them for cheap enough but they need to be a very good deal like close to burn value so if worst came to worst i could burn it for its dec value and get out of it. I paid way to much for my land stuff and need to get as much out as possible and until i get most of my cost ill be pulling like 90% out leaving a little to reinvest. Also am downsizing my collection when cards i have go up so i can get good exits no matter what card it is i will sell if the price is right. There are some cards that are up 5x or so from when i bought them so lets hope cards keep randomly doing that and i can pick the ones that are up and flip them into lower valued ones that are undervalued that will help get my money out faster. Once i have my cost out then i will build a bit more leaving 50% of earnings in but until then its mostly extract as much as possible and do not add any additional principal except from income only. As assets recover also dca out of them so i can get better average prices for my assets. Also hopfully i can get a decent price for some of the expensive cards it takes a while i just sold a 200 plus card and that took a month to sell im glad i dont have many expensive ones but its enough maybe like 20 that are in the high price range at least when i bought them which was a mistake to do so fast should have waited over time and i would have saved over half the cost bc land plummeted as did cards when sps dove to sub pennies cutting the land income from a 100-200 a week to 10-20 a week which greatly lowers old card values and land plot values. SPS needs to increase so that plot values and old cards will follow since the earning potential is back then. If that happens i will be getting out of the cards i have if i can get a good price and renting and if that isnt profitable do a split agreement or sell the land if i can get a good price and then can re invest outside spl to be able to re build with only cash flow and slowly as i fomoed into land which im paying for now with low returns. Hopefully research is something really good for ppl who play so i can unload my magic plots for a high price lol.
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splinterboost (60) 2 months ago