Advanced Splinterlands Pre-Sale Math - SpreadSheet Fun

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(Edited)

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UPDATE: The number on this has been updated since i originally published. The price per voucher should be over $18-19 to be worth more than staking.

Here's the process of building the Spreadsheet and chatting about it. Above is a much cleaner version.

Why do this?

It's actually kinda fun to do
But also the decision is whether I want to keep SPS in my DEC-SPS pool or Stake it.

MY CONCLUSION... so far.
Well I think I'll start with it all staked and start a countdown and in 7 days if it's not worth it I can move it back into a staking pool with DEC. Because if vouchers are less valuable than what I can earn in the pool... then I can just use airdrop proceeds and buy the vouchers.
Update: I staked half from my pool... but I think i may move back to liquidity pool if voucher price isn't super high.

Update with 12 hours to go: I'm now wondering if i should wait 1 day to move all of it. No harm in waiting just 1 day.

FEEDBACK
There is lots more to this puzzle... and I'm sure you have thoughts. Please share.



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23 comments
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doesn't the DEC-SPS pool almost have no rewards? like 1%?

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It allows you to use SPS to double your airdrop points you get from DEC. Airdrop has insane return still.

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how do you stake in the pool? I was trying to find but cant find any decent one..

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doesn't the DEC-SPS pool almost have no rewards? like 1%?

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I'm kind of curious why anyone would buy a voucher if all it lets you do is buy a pack you can't even open.

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Not sure what you're talking about... you will be able to open it. Also the value of that pack during presale has a pretty solid estimation even with my conservative numbers

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you might want to do an update with the vouchers going for 20$ now :D

Also, did you consider impermanent loss for the pools?

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Kraken level pre-sale=community members shut out. Same thing with tournaments. Lack of planning and foresight to know the community will suffer. RIP Splinterlands

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Amazing work dude glad to see that theorycrafting is a passion for you. Ths is some work you have put in here thanks ofr sharing !!

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Hi @Jarvie,

After watching your youtube video about the DEC:SPS liquidity pool I immediately tried it. I transferred out 1000 DEC from my account. I found out that my 1000 DEC needed to be matched with SPS amount. So what I did was to convert some of my DEC to SPS and put it in the liquidity pool. It was approximately a 50/50 split.

I checked my air drop points the next day and saw it was only 969 air drop points for the liquidity pools. (if I had left it in DEC, my air drop points would have been 1000 points)

There must have been something I did not understand because I was expecting that the air drop points would be doubled the DEC I put in and I was not expecting that I had to match my DEC amount with the equivalent SPS amount.

Perhaps you could enlighten me on how this works and also on the numbers I see on the 'Your Positions' Tab (Shares, Base Quantity, Quote Quantity and Rewards).

Thanks for your time and passion in doing the things you do.

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Hi @xxxdoodzxxx

Your amount of SPS and DEC in the Liquidity Pool (LP) changes all time if the price of the tokens are moving up or down. In LP there is the possibility of impermanent loss.

The pool keeps the value each time 50:50. If DEC goes up and SPS stay the same or go down... your Pool decreases your DEC amount and increases your SPS.

If you are in a LP with a stablecoin like DEC/BUSD and DEC gets +300% the pool decreases your DEC and increase BUSD (which stays at 1USD).
Your reward gain from the +300% would have been higher without using LP. That's the impermanent loss.

The amount of DEC in "your positions" at the aidrop snapshot time counts.

I hope this helps.

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Hello @nelthari, thanks for your reply, makes a lot of sense now why the small increase from yesterday. Thank you very much.

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You get 2x airdrop points on POOLED DARK ENERGY CRYSTALS, so since you sold half of your DEC to provide the 50/50 liquidity pair requirement you still got double points but on only HALF of the tokens you started with.

The best way to use this strategy is to hold whatever amount of DEC you are comfortable with and then use the SPS earned from the daily airdrops to pair off whatever amount of DEC is required per day.

This way you can continue to hold your SPS tokens if you think it will appreciate in value or maybe want to stake them later. Otherwise the option would be to sell the SPS as it comes in daily and buy more DEC and it would effectively earn you the same amount of airdrop points without risk of impermanent loss from the AMM pooling.

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hi @hotsauceislethal, I understand the strategy now. I have also seen what you meant by the possibility of decrease/increase of air drop points in relation to the price fluctuations of DEC (yesterday my airdrop points from the LP was 968 and now it is 1041). Thanks a lot for replying to my query.

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I did a little digging into more specifics about the VOUCHER tokens and supply going forward. Splinterlands seems to insinuate that they wont necessarily require VOUCHER tokens for all of the Chaos Legion packs, but will use them for a while to slow down the supply distribution.

What is interesting to me is that they want to develop new use cases for the VOUCHER and if they are only giving out 33K per day they will either have to increase that rate or risk drawing out the public sale for more than 15 months.

I do not personally believe that the card packs are worth anywhere near what people are paying for them already. The true value, using Untamed as a price reference, should be about $6 a pack which would make VOUCHER token $2 obviously.

The fact that people are paying these outrageous prices just to secure the CHANCE to win promo cards is ridiculous and I can almost guaranteee you that the vast majority of people I saw buying and doing this are going to lose money. They are buying VOUCHER tokens for more than they are reselling the CHAOS packs for afterwards just because they want to increase their chances.

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Solid math! I honestly don't know why you don't have more subscribers on YT. Subbed!

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Because i don't tell people about it, i don't add nice descriptions or thumbnails, i don't add keywords and I don't have short content. haha

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Minimum price on card demand based on card power, if the card set is based on the newer power of 5 cp vs 10 cp minimum. Will probably affect market price of the card closer to the new cards than previous sets, card function and desireability aside. Although I suspect that we will see them retain value between Reward cp card value and Untamed card value.

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