Splinterlands - Splintershards Liquidity Pools
There has been a push by the game developers to have Splintershards (SPS) token be more widely use in the crypto world. Currently SPS is able to be traded on a few platforms such as Pankcake Swap, Sushi Swap, and Alpaca.
SPS not only can reside on Binance Smart Chain and Ethereum it can also be on Wax, Tron, and Steem.
Recently Terablock has introduce a bridge between BSC and ETH for SPS. This type of collaboration helps users easily move SPS between blockchains.
Liquidity Pools
One of the main reasons to move SPS onto a different blockchain is so that holders can liquidate the token for other tokens or they can use it to invest in liquidity pools. As of now there is two large pools with over $2 million in Pancake Swap and Sushi Swap that users can swap in and out of SPS. Or they can farm the pools to earn a decent yield such as on Pancake Swap at at +24% APY.
In addition to SPS the protocols can also trade DEC.
Conclusions
More chains that SPS can land on the more people will be able to view what Splinterlands is all about and even potentially what Hive blockchain is. There is so much potential to provide tokens on multiple chains to expand users base. Where we see for SPS is just the start. If in the future SPS can also existing on Avalanche, Polygon, Solana or many other chains I can only imagine how many new players would be willing to onboard onto Splinterlands.
Until next time thanks for reading!!!
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Great overview on Splinterlands Liquidity Pools as these ensure a great pasive revenue stream. Do you get also SPS rewards while participating in these pools?
Only stacked sps earns the rewards % apr. so can’t stack rewards. But dec you can. Dec will count toward daily sps air drop and earn % apr in pool.