Splinterlands: Passive Rental Income Update #10
The Splinterlands rental market is one of the best ways to put your assets to work and give you passive income. It's been around 2 weeks since my 9th update on my rental strategy.
Last season's rentals will definitely be less than the season before and I think this season's rental will be quite bad because there was a period of time where I left my cards unrented towards the start. I put off doing so and the fault for that lies with me.
Rental Progress
My original post, where I announced my strategy, shows my general motivation for choosing this strategy. The DEC price has dropped again along with the rest of the market but prices are still around the same as last week. I have been slacking off a bit in the rental market so my rental income is definitely lower than before. It doesn't help that the prices aren't the best but I saw a few notifications about maintenance issues so I kept delaying my rental price updates.
Purchases
As always, I used Monster Market to purchase my cards for the cashback. I used up the DEC I earned from ranked battles, rental income, and rewards chest. Like last time, the chaos legion card prices are still high so I choose reward cards again this week.
My choice of cards this week is some gold foil rare cards again. Given the prices, I bought quite a variety and used up some of my stashed DEC. The DEC price just keeps falling but the fiat value of the cards is about the same.
Income
My income and all rental price management are done through Peak Monsters because of the tools it provides me. I do plan to update prices closer to the end of the season. Currently, I am a little bit lazy and I generally load in the cheapest price and go through the list to make sure there isn't any large CP to DEC difference between my cards.
Above is my previous report's income and below is my current income.
With the added collection power or so, I think my income has slipped slightly but the extra cards I added have increased my income back a bit more. So I don't think I lost that much. The load data for the minimum price has shortened my time a lot so that could also mean I lost some DEC over there as well. Either way, the market price of cards has gone down and I expect it to go down further as DEC drops towards that soft peg.
Conclusion
I have also bought some summoners, opened a gladius pack, and got some nice reward cards from my daily missions. So I have rented out more cards as I keep my 150k CP for my rank. The rental markets are still good after all this time and a 20% APR isn't bad at all. I am a little worried about the reward changes because it might change the rental strategy for people and it might actually be worth it to rent out level 1 cards. After all, you get a penalty if you don't own the cards you use.
What are your plans regarding rentals in Splinterlands?
Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.
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These GF rares are great value. I managed to receive one from my dq the other day. I'm playing in Silver ll, 3 rewards daily certainly enhance your chances of getting something decent. I might buy some too. Im sure the venari crystalsmith was selling at $20.00 before !
Yea I like the gold foil rares and I think they will still have decent value for rentals or price once things run out of print.
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I think that the 20.94% yearly ROA is very good. Even in general, and especially after previously you had 9.84%. Nice job. More than doubling the return.
I hope that the reward changes will result in proper rewards again. Proper rewards (reward cards), which the game used to give in the past. Not the bunch of alchemy and legendary potion charges, which it gives nowadays.
I leased out a part of my Splinterlands card collection a few months ago, but currently I am not leasing out any Splinterlands cards. Nowadays I use all of my cards to play the game. Maybe I will lease out a part of my Splinterlands card collection in the future again.
This depends on the rewards. If the game will keep giving me those worthless alchemy and legendary potion charges, then I will take a break again from playing Splinterlands, and I will lease out a part of my Splinterlands card collection again.
Good luck and have fun.
I delegate out any CP I don't need to maintain my rankings and I just have way too many cards. So if you have 15k CP and you don't have enough for 40k CP then you can delegate enough to reach 15k. Of course, that is assuming you don't need that card for your battles.
I don't think the rewards will really change too much because that would cause too many people to make alt accs and bots to farm cards. Then the value will naturally decrease. It's going to be hard to build a really good rewards system.
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I'm also applying the same strategy.
I rented out my cards, then use rental income to buy more cards and level them up.
In general, the rental income relates to CP, I want to increase CP with lower cost.
I used the Compare function in Peakmonster to find the best CP/Cost cards and buy them.
I also buy RF cards, level them up to have higher win rate in my rank, Silver 1.
I have ~ 120K CP now (including renting cards for battle) and I aim to achieve 150k CP to reach Gold 2 for higher season reward.
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That is a good option. I might go check that before deciding which cards to buy in the future.
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I think the opportunity from a purely rental standpoint right now is in maxing out certain cheaper cards. For instance, I just bought 22 gold foil Venari Wavesmiths for 29,200 DEC after monstermarket cashback rewards, combined them to max and rented it out for 82 dec. That's just slightly over 100% APR and it was a higher earnings per BCX than I would have gotten renting out 22 individual cards.
The other benefit is that it chips away at this inventory nightmare.
Like you said though, not sure what that's going to look like after the rewards change over.
I know that maxed level cards do give you a 5% CP boost but I don't have summoners maxed. So it just doesn't seem like a good decision for me to do so because I don't want to accidentally use it and cause myself to put that on cooldown.
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Yeah, that's really why I said purely from a rental standpoint. I've basically stopped playing the actual game and now I just rent everything out. Makes it easier to manage for sure.
The per BCX difference in renting it out though was about 40% higher with the maxed out than 22 individual. And really I think I could have gotten more had I been more patient.
!PGM
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I think we are at a pretty low point right now for people wanting to rent out cards. It's not going to be till Q4 really that I see it picking up again. Unless of course SPS starts being added to ranked battles it would give a reason for people to rent out and rank higher to get a better SPS drop from the ranked battles when the airdrop goes again. September and October I see things starting to shift around a bit. For now I'm just stocking and maxing out as best I can.
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I hope it picks up again soon but I am wondering how things play out in a few months because the SPS airdrop should end. When that happens, I wonder what people will do with their own assets. Either way, I will continue to grow my own collection
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Thanks for sharing! - Underlock#8573
Good work!
My play is near null these days so I rent out what I can. Keep stacking that rental income. !BEER !PIZZA
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The rewards I get aren't that appealing so I have also been thinking about just renting out my deck.
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