How to take advantage of the Splinterlands liquidity rewards & Giveaway

Cover - SPL Liquidity rewards is live.png

As you probably know by now the SPS airdrop ended yesterday. Crazy to think a year has gone by so fast and so much changed in the crypto world.
We won't be receiving any more free SPS every day but when a door closes another one opens. Starting yesterday you can now receive SPS rewards from providing liquidity to a number of different pairs related to the Splinterlans tokens on different platforms.

Screenshot 2022-07-27 at 12.36.56.png

To check the full list with live updated APR's you can check the Peakmonsters website. From the image above you can see that the SPS-SWAPHIVE is currently paying a 207% APR. Bare in mind that the APR reflects only the incentives paid out by Splinterlands, on top of that you also get a small fee from the volume being traded on the pair you provided liquidity for.

How to provide liquidity on Hive

  1. Make sure you have some SPS and Swap.Hive on your Hive Engine wallet
  2. Go to https://tribaldex.com/dieselpools/add
  3. Choose the SWAP.HIVE:SPS Pool
  4. Choose the amount of Hive and SPS you want to pair together, you have to put an equal amount of each in dollar terms.
  5. You can now go to the "Your Positions" tab and check the value and the fees you accumulate over time.

Although the Splinterlands liquidity rewards system is already in place there isn't an interface to claim them yet. Whenever there is one you will get paid with retroactives dating back to yesterday evening.

Providing liquidity on the BNB Chain (BSC) is a little more complicated and involves paying a small amount in fees. If you are familiar with metamask and the BSC DeFi system it is a great opportunity to earn that juicy 215% apr.

Giveaway

⚔️ The rules:

  • Minimum Reputation of 50
  • Only one comment per person
  • Upvote / Follow or Re-post is not mandatory but it is greatly appreciated.
  • You just have to comment. If you use a different username on Splinterlands please mention the account where you want to receive the cards.

The winner will be picked by a randomizer and will be announced on next week's giveaway post.

⚔️ Cards for this week:

Life Sapper.png

Cards will rotate splinter every week, Fire -> Water -> Earth -> Life -> Death -> Dragon -> Neutral. This week if you win you will receive 1x Life Sapper. A great rare card from the Death Chaos Legion splinter.

⚔️ Last week's winner:

Screenshot 2022-07-27 at 12.43.23.png

I'm currently using this tool to randomly pick one comment to win the giveaway.

@jdike was the lucky winner from last week's giveaway! I will send your Time Mage right away!

Not a Splinterlands player yet!? Join now

vibes (1).gif

Posted Using LeoFinance Beta



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36 comments
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Now it's really time to take a look at the pools and see what might be a good option. I'll look at the one you suggested, thanks for the tip!

I want to participate in the giveaway too! A hug. !PIZZA !PGM

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remaining commands 8

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(Edited)

You're welcome, chose wisely as there is a risk of impermanent loss when providing liquidity. The APRs are just too high not to take the risk and I'm pretty confident in SPS in the long run so I don't mind providing liquidity and waiting for a good opportunity to cash out.
Good luck and thanks for participating 😉

Posted Using LeoFinance Beta

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Not sure about the bnb/sps on BSC.
Do you just need to hold the LP tokens in your wallet or stake on the BSC (pancake swap) farm?

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I think both forms work. Staking it on the Pancakeswap farm does give you an additional 18.7% so I don't see any reason not to take advantage of that.

Posted Using LeoFinance Beta

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Definitely have to check out those LP. Curious to see how DEC price is going to react now, hoping for it to climb to the supposed peg eventually. Cheers! !BEER

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I think it will climb back to peg eventually. With the future 80% cut in printing when they switch battle rewards from DEC to SPS, plus all the DEC going into guilds and market fees the climb back to peg should accelerate a lot.

Posted Using LeoFinance Beta

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My thoughts too. Crossing fingers, have a few uses for that DEC!|;)

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It was a great year and i'll miss all of the free money that they gave us.

I suppose it's time to start buying it back now and get ready for land.

Posted Using LeoFinance Beta

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It will take a while to get lands going. In the meanwhile, we will have rift watchers special edition packs which will only be purchasable using SPS. That should bump up the price quite a bit

Posted Using LeoFinance Beta

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Could you do a sample computation on how much you could get for putting in liquidity? Or is my math correct if I have 1% shares on SWAP.HIVE:SPS LP, would that mean I get 15k SPS per month?

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