RE: Splinterlands: Double Trouble
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You can use this url
https://splinterlands.com/?p=sps_management&tab=pools
by clicking on the manage liquidity buttons you get to the pools. Those might have rewards by themselves, but these rewards are separated and work via the SPS DAO and a Pool Incentivisation Program that was launched about 3 months ago. I'm talking out of my memory but I think those high APRs will end 1 year after their inception, autumn 2023.(edit: will not, checked source)
I chose to pool rather than stake for now. DEC is below "peg" and SPS is in the gutter as well, making the DEC:SPS juicy. HIVE.SWAP:SPS has a good return and is on a trajectory to return an additional 4% in the swapping fee so far, which could put it beyond 50%. Risk on as far as I'm concerned.
Ah see that's embarrassing all the info I need is just sitting right there on the Splinterlands website lol. Seems to be a theme.
ONE QUESTION THOUGH
Any idea why there is an SPS-DEC & DEC-SPS LP?
Both have almost identical liquidity but completely different yields.
They must exist on different platforms?
Why would anyone put money into the low-yield one?
Very weird.
Ah yeah, it's the exact same pool. The lower one used to pay DEC as a reward, but DEC got voted out as a Pool Reward by the community. You get rewards on both for the same diesel pool liquidity. Maybe they'll try to reverse that in Bull Market times. Aggy said in a townhall that it looks strange but that system is designed to pay only one type of reward per reward pool so they had to setup two reward pools for the same lp. That DEC was swapped for SPS afterward makes it just perfectly confusing.
Thanks for explaining it here.
Love it.