Splinterlands: Passive Rental Income Update #11
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 10th update on my rental strategy.
My rental income is back up a bit last season because I made sure to put my cards to work towards the start. As usual, I like to make sure that DEC is working for me so I plan on buying more cards and building more DEC for more cards.
My original post, where I announced my strategy, shows my general motivation for choosing this strategy. The DEC price has dropped again and it is more expensive than before to buy cards. It is very close to the soft peg of 1000 DEC per dollar and I expect it will stay close to this until chaos legion packs sell out. There are just too many cards out there right now so it's just time to build.
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 gold foil rare cards and legendary cards. I was browsing the peakmonsters page and it looks like it's possible that normal rare cards could be the best CP/DEC option available. However, I am skeptical about buying them due to the high supply of cards out there. So I opted for gold rare and legendary cards because they are more scarce.
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. It's been working out well and I only have to make minor adjustments to the prices.
Above is my previous report's income and below is my current income.
It's another slip in rental income prices even though the market value of my cards has gone up. It's near the start of the season so people haven't been renting as much but I expect things to change next season. With the new rewards system in play next season, we should see some changes to the existing rental system and I don't know if it will be that CP-focused anymore. After all, if you don't have the starter card, you might get a penalty when you use it.
Like last time, I bought a few summoners and I have gotten all my rare untamed summoners to level 4. There was no gladius pack this time but I should have that in a day or two. As usual, I keep myself at 150k CP and delegate the rest out for the income and it's too bad the APR has dropped to just 12%. It's better than nothing so I can't really complain because cards are also costing more in DEC value right now. While the price of DEC could drop further, I think it's kind of unlikely, and prices for buying cards should be more or less stable. I hope the new changes encourage people to rent more throughout the season instead of the season's end and that my income goes up.
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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