Lending Staked SPS

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We have a lot to look forward with the upcoming with the five year anniversary celebration with DEC burn event. Meanwhile SPS is also moving along in what will likely have another way to earn passive income for players.

Over on Xbot we have a first glimpse of staked SPS being leased out to earn passive income. This is similar for those who lease out staked hive power to earn passive income. I think the potential is huge with what staked SPS lending can do to the game.

With slightly 1/3 of SPS in total supply already printed the price of SPS has not been so kind to its holders. However with the new utilities of staked SPS it may become a turning point for the token. Not only do we have lending staked SPS coming around the corner, but we will also be seeing the conversion from Collection Power requirements to staked SPS requirements for earning daily / season rewards.

A token is only as good as its uses. One of the most crucial elements to making this game a lasting success its likely going to be the price of SPS. It is when SPS can rise in value in a sustainable way will be the time that investors and gamers will all be thrill to see.

Until next time thanks for reading!!!



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8 comments
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God knows that one day I would understand all these games☺️☺️

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The big quest is, if I delegate SPS to someone who earns the staking rewards? Do I still earn them or does the renter?

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I wonder the same but would assume that staked APR likely goes to owner. That’s how HP works when lend out.

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It will be interesting to see how big the demand for staked SPS is once the changes happen. Also, do you know if the staking rewards stay with you?

!WINE

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I am guessing staked sps rewards stays with the owner similarly to how hp on hive works !WINE

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