Plans for $SPS Staking & Delegation - My Strategy Ahead...

Hey All,

With the recent announcement from the @splinterlands team around - SPS Staking Multiplier for ranked battle rewards - How do you feel about it? And what is your strategy looking like for $SPS moving ahead. I went through the post and overall liked to idea of moving away with collection power requirements for each ranked battle league and tier and instead having the $SPS staked being kicked IN.. This was much needed to bring in more value for the token once you HODL it as opposed to selling it as you earn. The more $SPS tokens you HODL the better are the rewards given out to the players. The team is going to implement a reward multiplier based on the amount of staked SPS the winning player has, including both staked SPS that they own and the SPS that has been delegated out to other users. So ideally, what is going to count for reward multiplier is the staked $SPS in once account. Here is the multiplier chart looking like::

The highest rewards that one can expect is from the Champion League I and to get a 12x multiplier rewards one need to have 1.2+ Million $SPS staked. A player need not worry if they are not having that much of the $SPS staked. It is cleared in the teams post as an important point that the SPS multiplier will never go below 1x, even if one is having ZERO [ 0 ] SPS staked or nothing delegated to ones account. You should be still able to earn some rewards . Having NO SPS at all doesn't mean you will not earn some rewards; you will just that the reward multiplier will be very less i.e. 1x and it cannot go below that. And on a side note the maximum multiplier one can receive is up to a max of 13.3x - pretty impressive I would saying if you get to this position. Lets now dive into my current $SPS stake...

My current $SPS stake & My Strategy Ahead...

To date I have been just - STAKING STAKING STAKING and STAKING all of my $SPS & have reached thus far where I have close to 252K+ $SPS staked. Throughout this journey of staking SPS, I have changes my GOAL for $SPS two times already and the third GOAL is running where I am targeting to have 300K+ $SPS staked by then end this Year; 2023. Whenever, I got closer to accomplishing one goal I set another and so forth continued raising the bar here for $SPS. Now with the recent announcement from the @splinterlands team around - SPS Staking Multiplier for ranked battle rewards, it is evident that I need to make some adjustments to my strategy for SPS overall. Here is what I am thinking for now::

• NO change at all with 300K+ SPS being staked. I am committed to achieving this GOAL and maybe much fater - will need not wait for the nd of this Year.
• Plans for delegating at least 150K+ SPS and use the earnings to buy SPS and stake it back.
• Leverage my rental earnings to buy moer SPS. At the moment I was redirecting the earnings back to the SPS-DEC pool. But I guess moving forward I would redirect the rental earnings o swap for $SPS and stake it.
• Can I invest some dollars here to buy $SPS cheap? This is a big question and definitely this is on cards where I would look for opportunities where I could liquidate some of my earnings in other blockchains and redirect some funds here to buy SPS and stake it further.
• Should if exit my liquidity pools like PKM-SPS; SPS-DEC and have all the SPS from it and stake them all? Not yet decided but this is something I would be exploring as well down the lane. I have a good chunk of $SPS sitting here as well.

There is around roughly 125K+ SPS in there that I have in pools; which is giving a decent APR and SPS as rewards. At the moment not touching it, will look into it a bit later. And finally I am very bullish and confident that SPS token is gonna surge in near future. With token burn mechanics mechanics, SPS foundation funds and now SPS staking coming into picture this would definitely help further incentivize SPS HOLDers - I see no point in NOT staking SPS at these all time low prices... SPS to the Moon... for now just BUILD & HODL onto your SPS tokens grab as many tokens as you can before its too late...cheers

Plans for $SPS Staking & Delegation - My Strategy Ahead...

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Have Your Say on SPS overall...

Are you mad over SPS? What is your strategy for SPS? Are you buying the Dip? Continue to Stake or plan to exit? Let me know in the comment section below...

Image Courtesy:: splinterlands, procanva licence version

Best Regards

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