RE: Splinterlands: Double Trouble
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Sounds like a pretty good deal, but where are they?
When I check things like Tribal Dex and Diesel Pools it's quite unclear what the yields are.
It's also worth noting that I'm not necessarily looking to comingle my SPS with another asset.
If SPS moons I don't want to be like, "oops it would be 10x more if I wasn't in the LP".
I don't want to be selling at the price goes up.
Although the BNB and Hive pairs are tempting because I don't mind holding those assets anyway.
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You can use this url
https://splinterlands.com/?p=sps_management&tab=pools
by clicking on the manage liquidity buttons you get to the pools. Those might have rewards by themselves, but these rewards are separated and work via the SPS DAO and a Pool Incentivisation Program that was launched about 3 months ago. I'm talking out of my memory but I think those high APRs will end 1 year after their inception, autumn 2023.(edit: will not, checked source)
I chose to pool rather than stake for now. DEC is below "peg" and SPS is in the gutter as well, making the DEC:SPS juicy. HIVE.SWAP:SPS has a good return and is on a trajectory to return an additional 4% in the swapping fee so far, which could put it beyond 50%. Risk on as far as I'm concerned.
Ah see that's embarrassing all the info I need is just sitting right there on the Splinterlands website lol. Seems to be a theme.
ONE QUESTION THOUGH
Any idea why there is an SPS-DEC & DEC-SPS LP?
Both have almost identical liquidity but completely different yields.
They must exist on different platforms?
Why would anyone put money into the low-yield one?
Very weird.
Ah yeah, it's the exact same pool. The lower one used to pay DEC as a reward, but DEC got voted out as a Pool Reward by the community. You get rewards on both for the same diesel pool liquidity. Maybe they'll try to reverse that in Bull Market times. Aggy said in a townhall that it looks strange but that system is designed to pay only one type of reward per reward pool so they had to setup two reward pools for the same lp. That DEC was swapped for SPS afterward makes it just perfectly confusing.
Thanks for explaining it here.
Love it.
ok I found it,
SPS LP Rewards
As most of you know, the SPS whitepaper has set aside 7.5M SPS tokens per month (~$375k USD at current prices) for liquidity provider rewards. We plan to initially launch with the rewards split between the following pools:
1.5M SPS / Month - SPS-BNB Pool on PancakeSwap (BSC)
1.5M SPS / Month - SPS-ETH Pool on SushiSwap (Ethereum)
1.5M SPS / Month - SPS-HIVE Pool on Hive Engine (Hive)
750k SPS / Month - SPS-DEC Pool on Hive Engine (Hive)
375k SPS / Month - VOUCHER-HIVE Pool on Hive Engine (Hive)
This leaves 1.875M SPS tokens per month from the pool still available to allocate to more pools in the future, for example if SPS is launched on Polygon or other chains and external markets.
For some context, right now SPS is being minted at a rate of 51,145,833 tokens per month. When the airdrop ends in approximately one week, that rate will drop by 33,333,333 tokens per month and the following new pools are planned to begin shortly thereafter:
source: https://peakd.com/splinterlands/@splinterlands/sps-and-dec-liquidity-provider-rewards--one-more-ranked-rewards-update