SPS Liquidity Rewards up to 372% APY If Compounded Daily & Giveaway!
The liquidity-providing page is finally live and you can go ahead and claim your SPS or DEC rewards from providing liquidity over the last few days! I was expecting the APR to drop substantially once people saw how high they were but it seems like not that many people are interested in earning over 100% of apr paid in SPS.
That number doesn't even reflect the compounding you could easily once every day without paying any fees since you would be using Hive.
1.5557 / 365 = 0.004262
(1+0.004262)^365 - 1 = 3.7224
3.7224 * 100 = 372.24%
Yes, that is right, if you compound your daily rewards back into the pool you would end up with 372% APY. Glad to see so many people passing up on the opportunity and letting me earn such amazing returns.
I will be compounding my earnings every Monday since it doesn't really make sense to do it daily with such a little amount of money invested into the pools. Bringing my APY down to 363.15%. Miserable I know.
Compounding interests are truly wonderful, hopefully, this information is helpful to everyone currently supplying liquidity but being too lazy to compound it every now and then! Let's give away some cards now.
⚔️ The rules:
- 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.
- Only one comment per person
The winner will be picked by a randomizer and will be announced on next week's giveaway post.
⚔️ Cards for this week:
Cards will rotate splinter every week, Fire -> Water -> Earth -> Life -> Death -> Dragon -> Neutral. This week if you win you will receive 2x Dhampir Infiltrator!
⚔️ Last week's winner:
I'm currently using this tool to randomly pick one comment to win the giveaway.
@amaillo was the lucky winner from last week's giveaway! I will send your Life Sapper right away to your amaillo-m account!
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Posted Using LeoFinance Beta