Splinterlands Investment update 4/16/23
Good afternoon Splinterlandians!!
It's me, CaptainDingus, the Llama-Kron tattoo sporting wunderkind!!
Today, I wanted to add my weekly FIAT into the system so I could invest in my future!!
I was ready to buy more cards for the Rental Market but I wanted to see what kind of RoA% I was getting first and compare the investment to something like Pools, SPS or others...
My RSCs (Rental Specific Cards) have been doing pretty well, despite the lackluster rental market due to land arrival and DEC price movement...
One thing to remember... When DEC goes up, the amount of DEC per Rental goes DOWN... so don't freak out... completely... lol
Previously, during EoS, I could get over 10k DEC/d... but that's when a kDEC was sub $.60... so 10k * $.60 = $6.00/d
With the DEC price approaching the peg target of 1k DEC = $1.00... and Land consuming monstrous amounts of DEC (hoarding)...
The Rental Market took a hit... Comparatively, I only got up to about 6,000 DEC per day or $5.50 roughly...
This means, even after my recent weeks of targeted purchases and compounding growth... while my account value has gone up... my Rental Income has dropped about 10%... Shitstix.
That's ok - there will always be ebbs/flows... The long game is key...
So today, after my hellacious work weekend - 3, 19h days... I checked the Beginning of Season market and reset all my rentals...
I feel like I was kicked in the dick... not the nuts... Right in the dick 🤢
3k of 3,800 DEC Total... F... Just barely squeaking out a 13% RoA...
Upon seeing that and the inflated cards prices... I asked myself "if I am not buying cards... what can I buy to get a > 20% RoA?"
Remember - my other goals included Pools and Staked SPS...
In addition, please note that if/when DEC exceeds the 1k DEC = $1.00 peg... People will burn SPS for DEC...
In addition to that, we are 33% into the COMPLETE DISTRIBUTION of SPS... 1BN/3BN Tokens... As we approach total distro... as long as there is ANY sort of demand... The price will rise!
So I looked at SPS price - still sub $.03... that's good, the floor was like $.024 or $.025 I believe... which is a long way from the $.30 I was initially buying at (up to $.60 ) and all the way back down (DCA FTW lol... I hope)
I checked the Pool rewards and HOT DAMN COUNTRY HAM!!
Check out the RoA% on SPS and Vouchers!! 43% & 47% respectively!!
Keep in mind, that's SPS or Voucher paired with Hive - which is currently at < 20% of it's ATH...
With that kind of return and appreciation possible, with just a return to ATH - not exceeding the ATH... just returning to it...
Hive would print a 500% return and SPS a 3,000% return?!?!? JFC...
I hate to see the Rental Market getting curbstomped like this... but with the DEC/$ Peg looming and thus the imminent threat of a SPS run, paired with the 40%+ RoA from Pools... Naturally... I had to choose those goals over the Rental Goals for the time being...
My plan is to:
Stake 50% SPS
Pool 50% SPS
Send 100 Vouchers to TribalDex so I can sell 50 and stake the remaining 50 with the Hive generated from the sale :)
In addition, I plan on powering up 20% of my Hive Tokens to increase my RC and Voting Power!
The more I use Hive, the more I come to respect the power of this Defi Platform!!
Here's to Splinterlands, Hive, Defi and our Futures!!
Check back tomorrow for another Rentmonster issue!
Cheers 🍻,
- CaptainDingus
I'm not sure if hashtags work here but...
#Splinterlands #Hive #Defi #SPS #DEC #Vouchers #Freedom #PassiveIncome
