What do you do with your Splinterlands vouchers?
Splintershards (SPS) stakers receive daily VOUCHER airdrops, based on the amount of SPS they have staked compared to total amount of staked SPS and the fact that 20k vouchers are airdroped daily.
The price of vouchers depends on existing or immediate use case. If there is an use case at the time we consider the price usually pumps. If not, it slowly drops until something concrete comes up that excites people.
The problem is, among SPS, DEC and vouchers, the latter has no use case on a continuos basis. DEC is used to upgrade buildings and to buy cards and is very valuable for the airdrop points. SPS at least offers staking rewards and by staking it you receive vouchers too. Plus, there are some diesel pools with both SPS and DEC which offer rewards. None with VOUCHER which offer rewards.
So, the question is, do you pile up vouchers for when they are needed or not?
I've chosen not to.
As you can see I have no vouchers in my account and neither in Hive-Engine.
At first I simply extracted value by selling them for SWAP.HIVE, so I can help with my HIVE Power goal for this year.
But as their price started to move to lower and lower levels with interest fading away, and the price of HIVE going up, I started thinking this isn't a good deal at all, even if they come "for free".
There are however two alternative options.
1. Swapping vouchers for DEC
This option has both good and bad parts.
The bad part is that the price of DEC is slowly falling towards the peg. But so is the price of vouchers going down. However, the price of vouchers will turn around when the next use case for vouchers is around the corner.
That doesn't mean we can't swap back DEC to vouchers then.
Until then, the good parts would be:
- airdrop points for holding DEC
- rewards if you have DEC in a diesel pool
2. Swapping vouchers for SPS
Depending what you do with the SPS, you can aim at different benefits.
If you hold SPS liquid, you are betting SPS price goes up while VOUCHER price still goes down OR in case of a major pump that the SPS price will perform much better than vouchers. And when/if you need vouchers, you can still swap back, and you've made a profit in the meantime.
If you stake SPS, the additional benefits are the staking rewards for SPS and that you receive more vouchers. Interesting, huh? You'd actually sell vouchers to receive more vouchers. :)
I have started to use a combination of 1 & 2, depending on how my needs evolve over time.
So, what do you do with your vouchers?
My plan is to keep them while they're cheap and sell them when they will go up for riftwatchers. I prefer to buy cards on the market so I don't really need them to buy packs.
Yep, that works, but you're not earning from them in between.
Thanks for the great post. I am not as far along in Splinter Lands as you are so I don't get many vouchers yet. Right now I am slowly accumulating them.
I have wondered how important they are in the long run. Your perspective is helpful
More use cases will come up for vouchers, but until then they are pretty boring.
Buy (or Airdrop) low, sell high. Sounds like the right plan to me. Thanks for sharing.
Ok, so we have two for holding so far. :)
I believe the vouchers will have a good value in the future as they roll out more promos. I initially sold my SPS to have the hive to but packs. Right now I am staking the airdropped SPS and plan on purchasing more to stake. I’m also planning to purchase more vouchers to have on hand for the future.
Holding vouchers is easier to manage, for sure.
I hold 100 VOUCHERs, and sell everyhing above. If there's a new usecase coming, on limited availability, I don't want to buy in panic mode. Hope 100 VOUCHERs would be good enough.
That may be a good approach. The price could go very sharply up if there's something that gets people excited.
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I've been stacking them and I actually bought a few recently below $1. I'm only getting a little over 1/day so I have a feeling I'll need them all down the road. I figure this is probably pretty close to the bottom so...I'll probably slowly accumulate and see what happens. As you say, the one thing we pretty much know is that they will pump when the next use-case comes. If I have extra, I hope to be able to sell them for a 2 or 3x. If I need them, at least I'm buying them at bargain prices instead of having to pay the $2 or $3 they'll cost when everybody wants them.
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I understand your point. However, why not make some profit while you wait? It's true, you never know when the price will pump and how hard, so it's a bit of a risk in this approach too.
Yeah, I get where you're coming from as well, and if I was dealing with a larger amount, I'd probably lean more your direction. But since I'm only getting about 1.25/day it doesn't seem worth the hassle. I feel like I'm better off treating it as an investment. I can stack them now while they're out of favor and hopefully get enough to make a little when the next use-case is announced.
If I was dealing with a few hundred dollars or more, then I could see the lure of trying to enhance the returns. The only problem with that is you now give yourself a deadline for whatever it is you're trying to do since you're going to want to use that money when the next announcement comes. I've found that whenever I put myself in that position, it almost always works out the wrong way: price of investment goes down, Vouchers go up. :-)
I'll just try to keep stacking them while I like the price. That way at least I know I'm not wasting anything later if and when I need them. And, if it turns out I get too many, then, as I said, I still think they'll 2 or 3x upon the next announcement so...that means it might make me more than I could have trying to time other things.
Yes, I thought that timing could become a factor too. Which could play in my favor or against me. I guess I took a little bit of a risk here.
Really timely post - I wonder myself what to do with it. After the crash in Fall/Winter 2021, I sort of thought Splinterlands related assets would rebound a little bit. But they keep falling, falling, falling. I am not following my own advice right now, but my numbers brain is telling me that when it comes to Splinterlands, everything is endlessly drifting down and prices on everything are only high when first released. I am mostly sunk costs at this point, watching everything depreciate beyond any hope of ever getting my investment back. So, I should be liquidating everything I get instantly because it all ends up worth less and less, haha, but I am just hanging onto Voucher hoping there will be one more pump left.
Actually, this is a normal market evolution for Splinterlands. It works a bit like sea waves. A big wave comes, then it bursts then the water retreats, then another wave comes and so on. Don't worry, more waves will come. Selling now wouldn't be advisable. I sell vouchers for DEC and SPS, which are also Splinterlands assets, and before that I sold them for HIVE because it's my main goal on Hive this year to increase my Hive Power to a certain level (but not doing very well at that).
I hope you are right! I got going in May last year and it was very disheartening, so many bad changes for new players, nerfing rewards, nerfing potions, each change making it harder. I did what they wanted, put outside money in, and for a little while I was able to ride some of the wave and my card deck increased in value. Now I'm down 50% on cards, hate the grind of battling bots for potions or maybe 1 Credit if I am lucky, to try to get back to Silver so I can get reward chests with $.03 value cards. Coming in when I did, it has been all down hill with the changes, not just market forces. So hopefully it can bounce back. I hate to complain all the time about Splinterlands, but it seems the very definition of the Sunk Cost Fallacy for post-Untamed players like me. But I agree with you even without having seen waves come and go before - cannot sell for such a big loss.
And the good part is that I really would not have gotten into HIVE without it, so I am quite happy with that part of it for sure! :)
Well, looks like the reward system is getting changed drastically. But they'll incentivize having your own cards and moving up the leagues, and that won't change. And competition is and will remain high.
Haha, that is true! I think I am not good enough at this game to compete with really good players like you :)
It is hard though, if you drop into the bot levels, it is difficult to predict what you will face and at least for me, my win % has gone down 30% since Chaos Legion started. Brain too small :)
I know people are doing really well and making lots of money, but I only try to tell the truth about what it has been like to be a newer player in the nerfing era. As they say, your mileage may vary :)
Competition is high at every level. Don't try to compare yourself with someone from another league. First learn how to beat your opponents from the league you are in and then move up. I discovered one of the best ways to learn is from opponents who are about the same level as you and who beat the crap out of you. See what strategies they use, what cards they level up / rent, etc.
Thanks for the advice, and for taking the time to chat! :)
It is always a work in progress haha
Sure, no problem.
Keeping all.
Last time I used it for purchasing Waka Spiritblade.
If SPS+ Voucher = rift watchers then I will have some free packs (by using Staking rewards SPS and Vouchers)
Ok, makes sense. Just saying that one can temporarily use them to make some profit in different ways then buy them back later.
I was also exchanging my vouchers for HIVE and used them to add more layer two tokens like CENT, CTP, and SPT. However, when I read that the sale of Riftwachers will need vouchers, I stopped selling and am now thinking of just holding them for at least three months.
I stopped selling them too a while ago. I am now temporarily giving them a use case which should also be profitable (at least I believe so).
I currently just save them and wait for a pump but it makes me wonder if I should convert into DEC for more airdrop points.
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Yep, that was my point. You can do that temporarily. Or you can swap them to SPS. currently SPS is going up and vouchers down.
I like to keep the vouchers intact, they are handy to buy some awesome new card airdrops.
!ALIVE
You mean promo cards like waka? I believe their biggest use case so far is for the Rift Watchers mini set. And to some degree to pay for node validator licenses. But for now the price is lurking and with some risk taking they can be put to work in the meantime.
Well, no one has vouched for me yet, so, I don't know what I will do to them. But once they vouch, I will know where they live and murder them.
LOL! 'Murder' is allowed, but only in Spliderlands. You'll have no choice but to join.
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We will have to see what goodies Riftwatchers hold, bought big in this card sale. intend to upgrade my most valuable cards, in the mean time getting ready for the new cards so not selling my vouchers. And with the lack of time i just accumulate true airdrop, hodl here i come. !PIZZA
Actually I hope I'll be able to finish my 'work' on the CL set before Riftwathers come out, and with a bit of time in between so I can accumulate some more resources so I can be ready. I'm sure it'll be exciting, I have some great cards from these mini sets from the past.
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This is really good stuff @gadrian. Do you stake SPS in the game, or on Hive engine
or does it matter?
It matters. You need to stake your SPS in-game to receive staking rewards.