Passive Earning Potential with SPS token

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SPS is the governance token of the splinterlands game and this is one of the tokens that has been offering great earning opportunities. The airdrop for the SPS token has been going on and its left for only 67 days. I have been accumulating SPS since the beginning of airdrop and even buying tokens in small quantities. SPS price has dropped a lot during this crash and I see this price as good to buy and this is why I bought a few thousand tokens recently. All the tokens that I have purchased are staked in my game account since now its earning a decent apr on the SPS stake.

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We have two options to earn on the SPS stake and both offer different percentages of APR. Earlier there was the one option to stake tokens in the game account and earn.

Stake in-game account-

This option was provided since the beginning and offered APR was almost 500% which kept on dropping with the increased stake. Splinterlands has recently clubbed the APR which includes SPS and voucher tokens. I have been staking tokens here regularly and with my stake, I am able to earn a good number of tokens. We can earn SPS along with voucher tokens and Recently this apr has been clubbed with both and offered apr is increased. Currently, the apr is 57.78% which looks pretty nice and I am happy to earn approx 20 SPS and 2 voucher tokens daily. I hold over 40k SPS and I continue to add more through airdrop and buying from the hive engine. I am aiming to have 50k SPS tokens by the end of the airdrop. In this option, we are rewarded with SPS and voucher tokens for the stake.

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PSPS Polycub Pool-

This option by been provided by the leofinance team on polycub and undoubtedly this is a great way to earn on the SPS stake but here we need to have polycub tokens. We need to stake SPS and the equal value of poly tokens to stake in the pool and the currently offered APR is more than 91% which is way higher than what we earn with the in-game stake. Both options are great so if you have polycub then go for the pool and if not then in-game is a better option to go for. There is another that is also available as a diesel pool in the tribal desk but I did not try there with a higher stake. that pool requires SPS and DEC to be staked. In Polycub, the reward is paid in form of Polycub tokens, and needless to say that this is one of the tokens that will create a great source of passive income later.

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Its up to you which option you choose to go for but if you are holding SPS or planning to buy then you must go for the one because keeping the tokens on exchnage does not earn anything. SPS price is too low and I believe the project to do well. As of now even passive income is good enough however when the token value will increase then it will be an additional benefit for the SPS holder. SPS airdrop is ending approx 2 months' time and once this is over then the prices are likely to grow however I dont want that to happen. I have no plan to sell my SPS stake instead I am planning to increase the stake over time because the team has announced many benefits in the future for the SPS holders. When the price is low then I can get more tokens and obviously we don't know how the market will move further but if it stays at this level for some time then surely it will help me reach my SPS goal faster.

Thanks for reading

Posted Using LeoFinance Beta



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18 comments
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Thank you for this post!

I was unlucky to sign up for Splinterlands, and consequently only became acquainted with the Hive ecosystem, in February 2022. In this short time however I worked hard to make the most of whatever Splinterlands was offering me (albeit with much lower numbers being a new player).

I think SPS will come in very handy in the future ;)

Have a good evening :)

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Never too late to be playing. You probably at a good time entering as prices dipped a little.

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Yes, let's say that when I entered, the prices were more or less double what they are now, but I invested very little in it so I guess I was also lucky as the price drop allowed me to accumulate more assets :)

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Greetings @alokkumar121 😊❤️

I'm actually hearing about the SPS airdrop for the very first time.. Can you please guide me on how I can claim the SPS airdrop?

Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️😊💞

Posted Using LeoFinance Beta

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I'm actually hearing about the SPS airdrop for the very first time.. Can you please guide me on how I can claim the SPS airdrop?

Are you playing Splinterlands? If you are, then you are entitled to daily airdop. Just click the logo thing next to dec logo on main page. And if you are not playing, it's still not too late to start! Airdop still lasts for few months.

Posted Using LeoFinance Beta

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That Polygon pool is paying out pretty solid to make it worth the investment at the moment. I agree in it could have some serious potential to getting you more SPS faster as I see the value of PolyCub token itself most likely increasing in value in time as well.

Posted Using LeoFinance Beta

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I'm loving the double airdrop points for dec in the DEC sps pool. Plus since they move pretty close together there's not a lot of impermanent loss.

!LOLZ

Posted Using LeoFinance Beta

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SPS will have a lot of use case in the future so it's a great idea to keep stacking it up.

The fact that we get it all airdropped for free si amazing and i can't wait to see it hit $1 at some stage down the line.

Posted Using LeoFinance Beta

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WOW 20 SPS per day, that would be more than 1200 at the end of the airdrop, what a way to take advantage of it.

Posted Using LeoFinance Beta

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Thank you for sharing these. I was curious about it sometime ago but didn't really play because I wasn't into games.

Posted Using LeoFinance Beta

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Thank you for your continued sharing and have a nice day.
!PIZZA
!LOLZ
!LUV
!MEME
!CTP
!PGM

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