Splinterlands - SPS Staking From Jan. 2023

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Over by Splintercards.com they have updated their SPS staking calculator to include GLX air drop. So I decided to calculate what I would be earning with my current SPS stake. I is a bit surprising to me to see that staking 26k SPS would be yielding close to $1 in reward value. Of course the tokens being air drop could potentially fall in value making the daily rewards less enticing. Yet considering where I started last year to where it is now I would say I am happy with the earnings.

Splinterlands SPS Staking

Snapshot of my actually SPS balance to date and the APR% yield directly from Splinterlands. It is very surprising that its only showing as 24.68% APR which excludes GLX air drop. This would imply how important it is to be staking SPS now and earning the GLX air drop since that will only last in total for a year. Once the GLX air drop is over I wonder what maybe in store for staking SPS? Would there be another project with another set of token air drops? Who knows?

What seems to be a little inaccurate with Splintercard's SPS staking calculator is the Vouchers I am earning daily. For now I have close to 60 Vouchers, but I do not think I am earning 1 a day as calculated from Splintercards.

In any case I have notice Voucher prices have been dropping rapidly and it remains so.

Without real utility to the Vouchers the price remains pressured to the down side. I am hopeful though and betting in the future it will have more uses and I have been holding onto my vouchers.

Staking GLX

For those curious Splintercards also has GLX staking calculator next to the SPS staking. It appears that the GLX %APR is much higher at a current rate of 273% than SPS staking. With 1000 GLX staked one would be earning close to $0.27 daily. Although APR rates have fallen since inception it is still worth wild to stake some GLX with such great returns for those who are playing the game.

Conclusions

It is staggering to believe how much one can earn just staking Splinterlands tokens without doing anything more. At 26k SPS it is about $700 but yielding me $1 a day. I don't get this kind of return playing the game. Heck if I only had $700 worth of cards I probably won't even earn $0.01 a day in rewards.

On average I am pulling close to $0.10 a day with gold league reward chests. That is about 25 battles to play with a deck worth around $4300.

It makes me wonder would I be better off simply holding SPS in lieu of NFT cards and simply stake SPS to earn daily yields?

Until next time thanks for reading!!!


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If you want to play splinterlands then SignUp Here

I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:

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If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!


THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!


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21 comments
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actually 700$ of cards can bring you around 0.6$ per day from renting .

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So sps with 1 dollar seems much better:D but i think cards have more chances to hit big in terms of X , than sps.

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SPS is looking nice but there hasn't been much use case for VOUCHERS and they don't seem to be adding anything new. I wonder if I should just add them to the diesel pool to get some APR.

!WINE

Posted Using LeoFinance Beta

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I looked into putting Vouchers into pool and decided to go against it since majority of the time it's price is falling therefore I get even more Vouchers if I pulled tokens out of pool. I prefer to hold on to them now just encase there comes a time where it is beneficial to have them. !WINE

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At the moment if we look at the market, they are looking bullish and are looking to go higher in the coming days. Those who have SPS Coins and have stacked them will make good profits in the coming days and from the airdrop. I am also thinking to put some SPS tokens and his card as and wait for the market bull market.

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Never wrong to buy low and sell high. I too hoping for better days ahead for SPS !PIZZA !LOL

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(Edited)

Yeah you are right. Good days are coming.

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Wild how that stake would had been $13-25g or so 13-16 months ago. Do you think a partnership with a labor union that represents major league soccer players in North America is going to be a sustainable one for Hive or SPL especially after the FTX debacle with Sports figures like Tom Brady?

I hope SPL succeeds in their ambitious endeavors so players like yourself and others can benefit from sticking around as well as the continued on boarding of new hive users.

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I think it has been wise for SPL to have not linked itself to Genesis League Sports beyond the current air drop. For now wait until the dust settles before SPL make further alliances with GLS. The game SPL is near or at the top of rankings in crypto games currently so all signs lead to green lights. If we can get a crypto bull run I can only imagine how high SPL assets will get. !LOL !WINE !PIZZA

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Again, I do hope SPL and AG is successful in the long run. It is interesting is all. Pretty horrid timing in general considering the FTX debacle but yeah totally out of their control. SPL seems to be the only top game in crypto to experience a 50% reduction in workforce and loss in revenue but the other games could be easily manipulating their books publicly.

Still not sure how you can state SPL and Genesis league is not connected past airdrops considering SPL is the parent company who just had major losses in revenue resulting in layoffs seemingly due to the FTX debacle involving celebrity major league sports figures.

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I wish the best for you yet so many signs over the past several months say otherwise...

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What I meant is GLS gameplay not overlapping with SPL. Yes they are from the same creators but it appears for now separate in the form of how they are played.

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