Hodl GFs or Stake SPS

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I have a tiny collection of Splinterlands assets I have held for a while. Keep in mind that not too long ago, I took the decision to liquidate a decent chunk of my cards and these assets in my wallet are just the only few that I ended up not selling.

My intention has always been to return to playing but as the days go by, this goal gets a bit more difficult to achieve. All my relocation plans depend on these assets, so it is very likely that they will be liquidated pretty soon.

In any case, prior to liquidating the aforementioned Splinterlands assets, I wonder if holding on to them is actually offering better value than simply just selling them.

Truth be told, it has largely been damage limitation for Chaos Legion monsters. The slash in these monsters' collection power meant that their prices weren't exactly as glamorous as their counterparts in Untamed packs and beyond.

So, while I hate the thought of selling these monsters, I think this might be the best course of action in both the short and long term. I have to make a conscious decision that will aid my cause, rather than lead to pain because of overindulgence in assets that I am emotionally attached to.

I keep thinking that it might be a better idea to just sell the monsters in my collection and reinvest that money into SPS token. I feel like it might be a better option than earning tiny amounts of DEC from renting.

The Change

Looking at things on the surface and just taking raw numbers into consideration, it is pretty evident that the APR from staking SPS is much higher than the APR from staking monsters. So, this already works in favour of liquidating and buying SPS token.

Then, there's also a potential change coming much later in the future that will see staked SPS gaining more relevance due to the fact that the governance token will determine the level that players can participate.

The aforementioned potential change could see attention move from the "old" system of hoarding cards to boost your collection power to staking more SPS tokens. So, this could translate to a minor SPS pump that will most likely eclipse anything that we have seen in the prices of monsters in recent months.

Also, considering that collection power loses importance, it is possible that we will see investors dumping a stack of their assets to buy SPS token. So, the way I see it, I might as well just front-run the market by taking the decision before everyone else starts doing it and the assets that I've been religiously hoarding nose dive to unheard depths.

Now, we know that the SPS staking requirement for league particiation will take effect by the end of the second quarter but the signs are pretty glaring already. Certain Gold foils have seen their prices drop and the monster market isn't exactly buzzing like it typically does.

This is not financial advice, by the way, just my opinion and perhaps, fear, if you may. I want to ensure I take a proactive step that will mitigate any adverse effect of the change and at the same time, maximise the benefits and that might be to sell all my monsters for SPS token.

Posted Using LeoFinance Alpha



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2 comments
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Cards cards cards!!!😎🍾🍾🍾 Never been scooping so many cheap cards before! "Money in the street!" Oportunities!

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