My DEC earnings from Splinterlands
For the last few months, I have started assessing my earnings from Splinterlands. The rewards are in the form of DEC tokens. I'm not a regular player and I have no possibility to get rewards in the form of SPS. All that I get is DEC rewards for providing liquidity in the diesel pools and for renting out my Splinterlands cards. I have rented out almost all my cards and have been earning a passive income from that in the form of DEC.
Thanks to Splinterlands Rentals. Now they probably have rebranded their site as https://splex.gg. This is one of the innovative dApps for splinterlands where we can automate our rental system with the help of a bot that takes care of this. This is how I started getting my passive income from rental markets. In addition to that, I have added all my liquid DEC to liquidity pools and that is also giving me a decent passive income in the form of DEC tokens.
If you look at the above screenshot, you will be able to see that in the last month alone, I have gained 133k DEC from rentals and diesel pools. I claimed my diesel pool rewards today and going to withdraw both from the internal wallet to Hive Engine. Last month my rewards were only 100k DEC and I was having my liquid DEC on Hive Engine without doing any additional investments. Now that I have found out that adding it to Diesel pools is a good deal. I would probably move my remaining liquid DEC to the diesel pools. But I guess I will also need a lot of swaps.HIVE to do that. But this time I'm planning to purchase SPS with the DEC I have and provide liquidity for SPS:DEC pair. That I think would be better because it can give me two types of rewards. One in the form of SPS and another in the form of DEC.
I prepared a script and ran the script to find out how much DEC I have received to Hive Engine from the game so far. It looks like from the internal wallet, I had transferred a decent amount of DEC every month. The price of DEC is also looking very good and that contributes to more income. From the looks of it, the amount of DEC I had received so far from the game has been increasing over the course of every year. Probably that's because of the rental income I suppose. This year the income was really good after the rental income came into existence. In addition to the DEC earnings from the game, I have also been receiving a decent amount of SPS earnings too based on my stake. Though the APR has reduced, I guess it is also a decent income from the game.
I converted half of my DEC holdings to SPS and added liquidity to the pool. The reason is that having the tokens idle in the wallet is not going to help me out. Instead keeping it in the liquidity pool will at least give me some rewards. Even though it is very less comparatively, I'm glad that I'm able to at least add a few.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
|
|
|
|
|
|
Nice perk, I guess you'll have plenty of cards to rent to earn those dec with splex.gg
https://twitter.com/1884771912/status/1588951422431035392
The rewards earned on this comment will go directly to the people( @shiftrox ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
With the DEC price improving and getting pegged in the ratio of 1,000 DEC : $1, holding DEC and putting it at work might be a good move for the future. I am yet to see new mechanics working to favor a pegged price to trust it, but it is one token to keep an eye on if it gets stable.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating to @indiaunited. We share 100 % of the curation rewards with the delegators.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
Read our latest announcement post to get more information.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Wow you are making a good amount of DEC every month! I make a fraction of that. I need to start using Splinterlands more often. I just never win and it is hard to earn rewards if you don't win. Maybe I am doing something wrong lol. Thanks for sharing. You have made me want to research a little more and see if I can make more from playing.
Congratulations @bala41288! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):
Your next target is to reach 2300 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
To support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
Congratulations @bala41288! You received a personal badge!
You can view your badges on your board and compare yourself to others in the Ranking
Check out the last post from @hivebuzz:
I am also considering splex for the rental bot but I haven't made the final decision just yet though. Their estimator said they could increase my income by 2-3 times at the minimum side and I rarely go around modifying prices.
Posted Using LeoFinance Beta