How to 2X Your Splinterlands SPS Airdrops in 5 Minutes

Logo and DEC icon are property of @splinterlands

Getting those sweet SPS airdrops from Splinterlands every day is just a great feeling, isn't it?!

Not many people know this, but you can actually 2X your Splinterlands' SPS airdrops by putting your DEC holdings into Liquidity Pools.

This is a fantastic example of how DeFi (Decentralized Finance) can help you increase your earnings passively.

Although this takes a ridiculously tiny amount of work, it might be confusing the first time you do it. Once you do it though, the process takes roughly 5 minutes.

In this post, we're going to see how to contribute to Liquidity Pools with DEC.

What Are Splinterlands SPS Aidrops?

What's this all about? The term airdrop means that someone out there is giving away something for free in order to promote something.

Splinterlands is doing this with SPS tokens; which are being airdropped everyday.

Holding DEC, SPT and other in-game assets (even if on external wallets like the Hive wallet) will give you the privilege to earn the airdrop on a daily basis.

That is what's happening right now with Splinterlands. At the time of writing this, we still have roughly 9 months ahead of us of SPS airdrops. Yeah! 😃

The more assets you have in your wallet(s), the more airdrops you get.

I myself am getting SPS dropped everyday (next image).

The screenshot above is actually from @peakmonster, which I prefer when looking at transactions. It's just cleaner.

I'm quite new to Splinterlads and getting very little SPS for now. However, some people are getting airdrops worth hundreds of dollars (or more) every day.

How can you get more of these sweet airdrops?

According to the Official Documentation, the idea of this Airdrop is to promote the ownership of Splinterlands assets:

"400M SPS tokens, or 13.33% of the total token supply, will be airdropped to players based upon the amount and type of Splinterlands assets held in their account. Nearly every Splinterlands asset will be eligible to earn SPS tokens in the airdrop. Each type of asset will be assigned a specific amount of "airdrop points" that it is worth."

In fact, if you look at my table below (you can find the original table here) you can see that the number of airdrop points you get is based on each type of asset you have.

For example, SPT tokens that you earn from writing on Splintertalk.io give you 0.25 points (25%) for each SPT you hold.

And check this out, when it comes to DEC tokens (highlighted in red above), you get 1 point per each token you hold and literally 2X that amount when DEC tokens are in Liquidity Pools 🤯

Let's now take a look at how to do that.

More Info on How to 2X Your SPS Airdrops With DEC

As we said earlier in this post, all Splinterlands assets can be held on an external platform or wallet, such as Steem Engine, Hive Engine, WAX, Tron, BSC and Ethereum.

These will all be eligible to receive airdrop tokens without having to transfer them back into the in-game wallet (in Splinterlands).

But let's go back to DEC.

When it comes to DEC, you'll get 2X the airdrops when your DECs are staked in liquidity pools. These are:

• SWAP.HIVE:DEC and DEC:SPS on Tribaldex.com (HIVE)
• DEC:BUSD on CubDefi.com (BSC)
• DEC:ETH on Uniswap (ETH)

These are the liquidity pools mentioned in the original document by Splinterlands.

It's worth noting that DEC or other game tokens listed for sale on external markets (not liquidity pools) such as Steem Engine, Hive Engine, and TronTrade will not be eligible for the airdrop rewards.

Note: In this excellent post by @luizeba, it's mentioned how some pools do not count towards the airdrop, such as PIZZA:DEC, for example. Make sure you read that article also.

A Micro Introduction to Liquidity Pools

Now, this is a broad topic, and I don't want to cover everything about Liquidity Pools.

However, I want to give you a couple of pointers, and a warning.

What Is a Liquidity Pool?

A Liquidity Pool (also sometimes called Diesel Pool) is a collection of funds locked in a smart contract.

Liquidity Pools are mainly used to facilitate decentralization like trading and lending.

According to the Binance Academy:

"When you’re executing a trade on a Liquidity Pool, you don’t have a counterparty in the traditional sense. Instead, you’re executing the trade against the liquidity in the liquidity pool. For the buyer to buy, there doesn’t need to be a seller at that particular moment, only sufficient liquidity in the pool."

The Problem(s) With Liquidity Pool

If you become a liquidity provider - therefore you put your DEC in a Liquidity Pool - you have to invest 2 assets in the pool at the same time, in proportion to their value.

For example, if you want to put your assets in a SWAP.HIVE:DEC pool (see images further down), you have to deposit both SWAP.HIVE as well as DEC at the same time.

And if SWAP.HIVE is worth 100X more than DEC, you have to deposit 1 SWAP.HIVE for each 100 DEC.

Arghhh!! That sucks, I know. You have to spend more money...

But, that's why you get 2X the SPS airdrops I suppose. Because of the mechanics involved.

So, that's the first risk involved with the operation, but it's not the only one.

There is yet another risk of being a liquidity provider, something called Impermanent Loss, which is explained in detail here (I won't get into this).

OK, now that I've warned you about these couple of things, let's get to business.

How do you add liquidity to a pool to get 2X the amount of SPS Airdrops?

How to Add Liquidity to SWAP.HIVE:DEC Pool

Let's go through an example together. In this example, I am assuming you have SWAP.HIVE and DEC in your Hive wallet.

Go to Tribaldex.com, then click on Pools (top of the page) and then click on Pools again (middle-page menu).

From above, find the pair called SWAP.HIVE:DEC. This is where you will be adding liquidity.

Killing 2 Birds With 1 Stone: Getting BEE

As you can see on the next image, this liquidity pool has LP rewards. Yes! 😁

The SWAP.HIVE:DEC pool gives out BEE tokens as an extra reward.

So, you not only get 2X the amount of SPS airdrops from Splinterlands, but you also get BEE tokens.

We can now proceed to the next step.

Click on Add Liquidity and enter the amount of DEC and SWAP.HIVE that you want to add in the liquidity pool. Remember, you have to add the same amount for both.

NOTE: Since I don't have SWAP.HIVE at the moment, from now on I am using screenshots from this great post on Liquidity Pools by @mozzie5 written a while ago.

Image credit: @mozzie5

Choose how much you want to add (37.931295 in the example above) and then click on the blue button Add Liquidity.

If you go back to your open positions, you should see something like this below.

Image credit: @mozzie5

As you can see, there is a Pool named SWAP.HIVE:DEC with ~430 Shares in the Shares tab as shown in the image.

And that's it, basically. Are you planning to add some of your DEC to the Liquidity Pools?

Let me know in the comments!

Ciao 👋😊

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