My SPS Delegation Earning 22K+ $DEC - My Strategy Ahead....

Hey All,

I have delegated all my 260K+ $SPS and currently earning $DEC at an APR rate of above 9%. In my third round of delegation I did earn 22K+ $DEC and at the moment it is sitting ideal in my wallet. Just that you may know - Splintershards aka SPS is the governance token of the game Splinterlands.. The feature of #SPS delegation has been recently introduced where players can delegate their $SPS to other players for 7 days minimum and receive $DEC aka Dark Energy Crystals which is another in-game currency of Splinterlands for delegation of the #SPS.

22K+ $DEC Earned Via #sps Delegation

I earned close to 22K+ $DEC and at the current price of #dec it is worth approximately 50 $HIVE and further converting it to dollar value then it is $17+ [0.35 [HIVE current value] * 50]. Seventeen dollars in seven days is not bad at all just via delegating the #sps that you HODL. At present, I am able to add 500+ $SPS every day to my #sps staking pool. The plan is continue building the SPS stake until I reach this milestone of having 300K+ $SPS staked; which I am optimistic about accomplishing this GOAL pretty soon. My earlier $DEC earnings had been swapped for #sps and that got stake too but this time I am thinking different - where I would like to increase my DEC-SPS liquidity pool. Here is my current stake in the pool::

MY DEC-SPS LP Stake...

The APR for this pool is above 25% at the moment and my stake in the pool is around 0.15% share. All the $SPS earned here is also being redirected to the SPS staking pool no doubt about that. I am looking forwards to 1 Million $DEC invested in this pool. Hence all my earning may it be #sps delegation or the card rentals will be directed to this liquidity pool. Right now, I am short of liquid SPS to add this 22K+ $DEC earned. I'll need to wait for the SPS staking rewards to be accumulated and once done then I'll move all the $DEC to the DEC-SPS LP and get that 25% APR.

Last when I talked about Building my stake in DEC - SPS Liquidity Pool - My Strategy Ahead at that point in time I had 770K+ $DEC and now at present its 765K+ $DEC, a loss of 5K+ $DEC due to Impermanent Loss. Thought it maybe a temporary loss that is incurred when providing liquidity in pools due to volatility of the trading pair. Since the prices of both the assets #sps and #dec have come down users who have provided suffer a loss and once the prices are back up you do not suffer a loss. Anyways the point is to keep in mind the Impermanent Loss that once can occur while providing liquidity of assets. For now, I will continue to HOLD & BUILD my $SPS & $DEC stake. 300K+ #sps stake target and 1 Million #dec in liquidity pool invested. There is no rush of selling these precious coins at their low prices, not at all worth and is not recommended as well. Until the prices are favorable to sell - I'll continue to redirect my passive earnings in both these coins #sps and #dec..My hope is to see $SPS in the range bound of $0.10 cents to $0.20 cents and $DEC pegged to its dollar value where 1000 #dec is equivalent to 1 dollar. Can we get $SPS and $DEC traded even higher would be nice to see them mooooon soooon... cheers :-)

My SPS Delegation Earning 22K+ $DEC - My Strategy Ahead....

#sps #stake #delegation #borrow #lengine #splinterlands #rewards #dec #burn

Have Your Say on SPS Delegation Experience & Plan Ahead...

Did you delegate your spare SPS? Delegate Vs Borrow - what is your plan for SPS here? Are you mad over SPS? What is your strategy for SPS? Are you buying the Dip? Continue to Stake or plan to exit? Let me know in the comment section below...

Image Courtesy:: splinterlands, procanva licence version, peakmonsters, beeswap

Best Regards