Rental Markets are good for Passive income with Splinterlands

Splinterlands is one of the games where we have been getting multiple investment opportunities but now the game has gone to the next level because now we have got the option to generate passive income. Although the option to invest in various digital assets is still available and will always be since they have got a vast range of assets. The right time to invest in the assets is now because the prices are low and it is always the best strategy to buy assets when the market is down and sell when the price is high. this is a traditional method that anyone can follow with this game but now talking about the passive income we have got dual options available here.

We already had the card rental market in place which means we can rent out the cards and generate some good rewards that can also be considered as a passive income. now there is another option that has been added recently and it is for the SPS rental. Now since the SPS is an important component in the game because rewards will be distributed based on the SPS holding so the more SPS you hold brings more reward you. if you hold sps in your game account then it is good but now with the SPS market, we get the option to get on rent and reap the benefits. This is a good opportunity for those who are not having sps but want to earn better rewards.

SPS Rental Market

This is a great addition done by the team and it is going to help players as well as investors. being a player I understand that a bigger SPS holding will help me earn better rewards in the game but I believe that no matter how much sps you own it is going to be less always. For example, I own 115K SPS at the moment but it is not enough for me because I would always to be in the higher league with the maximum multiplier. As per the multiplier slab we can play on the highest league with the highest multiplier only if we have 1.2 million sps and this is a great amount indeed which is not possible for everyone to own. But with the SPS rental options one can easily try to have a bigger chunk of tokens and this will bring higher rewards.

If you are not a player but still hold a bigger chunk of SPS in the game account then it is good for you as well because you will be able to rent it out and earn some rewards. while one thing that needs to be noted is that the apr will be there which is approximately 16% at the moment and with the rental you are going to earn some additional rewards which is good. I am working to increase my sps holding and I believe it is going to be an ongoing process because it will never be enough for me no matter how much I have.

I did rent out 40k SPS this week to see how it works and this is good however I need to claim it back manually after 7 days and I think this should be automated. There should not be any manual intervention and this will be good a experience if it happens.

SPS Buying and Staking

I remember when I had just 10K SPS in my account then I thought that this is not enough but once I will have approx 50K then the amount will be good for me. I walked towards it and made it 50K in the next few months but then again I thought that it is not enough for me so I increased my goal and thought of making it 100 K. When I made it to 100K almost two months back then I thought that again it is not enough for me and I should work towards more accumulation and even now I am following the same. I want to have more spears but to be honest I don't know how much because the more I have makes me greedy and I want to have even more.

I power up SPS almost every day and buy from the market because ultimately I want to have a bigger chunk of SPS whereas I reinvest whatever reward I receive. Whatever I receive is deposited in my wallet as well as I buy from the market and the same is also added to my stake. I am going to follow the same strategy for the long term and I believe this way I should be able to achieve my next 200K much earlier than the time it has taken for the 100K. It often happens that the growth in the beginning is slow but once we achieve some benchmark then it takes less time as compared to what it has taken in the beginning.

Holding

Here is what I have in my account at the moment and the balance is almost 118K so I expect that by the end of July, I should be able to make it 120K. At least this is what I expect and I think its feasible for me. The current APR is more than 16% which I think is also pretty good this has been dropping after the change happened this month and it is because a lot of people are growing their SPS holding so with a bigger pool the rewards are going to be reduced. it is fine for me because by the time these rewards go down I grow my holding so technically there is no impact on my overall SPS reward based on my holding.

Ultimately I believe that it is good to accumulate as much as sp because this is going to give multiple benefits including better rewards, more glx distribution happening every day, and a nice apr on the overall holding. this one token is good enough to bring multiple benefits and this is the reason why I think it is a good idea to grow the sps holding this time and reap all the available benefits in the game.

[Images are taken from splinterlands]

Thank you

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