Staking SPS at 27.95% APR is worth or not?

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I check my SPS stake every day because there is the daily claim of tokens and I also stake immediately after the claim so that my tokens are not sitting idle in the account. In fact, I think that if we know that money earns more money by keeping it at the right place then we should not keep it idle and the best way is to move it the moment we receive it so that we can earn significant returns for us. The same strategy I have been following with my SPS stake and this is why I try to claim my daily drop tokens as soon as possible and stake at the same time so that even with the drop of APR also I am able to earn a similar amount of tokens.

SPS airdrop has been a great one and it's one of the tokens that I am holding more in my portfolio after HIVE and I continue to do so because I believe that it has a bright future. Although the apr is quite low and many people would be having a question if staking SPS at this apr is worth it? Currently, the apr is approx 28% (27.95% to be exact) and it has been dropping continuously. I wish it stays stable here because if it drops further then may many users stop staking and I believe more stake helps to make the token economy strong.

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I have been staking the tokens since the beginning and that time APR was over 500% but in the last 8-9 months this has been dropping. It's bound to happen because when more people stake then this will reduce and as of now it's down by almost 95% which is huge. I can't say if this will be dropping further and go beyond 20% and I hope that it needs to be stable at this stage. There is an option to go for a diesel pool and that can be more profitable it can also be loss-making because in the pool there will be pair of SPS along with DEC token and when the price fluctuates for any together it will bring the impermanent loss.

I am not going to put my tokens in the pool as of now because I think in the game account it's risk-free because even with a reduced apr percentage my stake remains the same. Even I am getting voucher tokens on top of it which is happening every day so this is a good reason that we can not ignore. If I add up the value that I get through voucher tokens then SPS earning can be considered well. I have two options to go with voucher tokens. I either sell the tokens on the market and get HIVE in return or I can also use these vouchers to buy bonus packs and since I am planning to buy some packs so this will be helpful in that time.

Opening CL pack is fun and I keep on doing time to time to see what is inside, today I did open one pack. I would not say it's great but it's just ok because I got 2 gold foil however both are just about 2.5$ in total other 3 cards are less than 1$. So in total, I might have lost some value because one pack cost $4 and I did not get the same but looking at the long-term perspective it can be a good deal.
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I am accumulating some hive tokens and also waiting for the price to increase a bit more than 1$ and then I will buy some SPS as well as some nice cards from the market. I am preparing a list of cards that I will be buying in the coming weeks however for the SPS, I am waiting for the price to $0.10 and right now it's $0.106 which is much closer but may I am being greedy here and testing the market. I want to buy 1000 SPS for $100 and this is why I am waiting for the token price to reach that level and then my order will get fulfilled. We never know how the market will behave in the next moment as it can go up or even down but its always great fun to wait for the right price that we want and this time I am waiting for that.

What do you think about SPS and do you think that the current price is good to buy and even the current apr is good to stake?

Thank you so much

Stay Safe
images are taken from splinterlands website

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13 comments
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I am doing the same as you but yet i only started and i am just renting some cards from the market. But i believe it for the long run as it proved to be a pretty stable game, a true veteran on the space haha

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Splinterlands is a solid game for sure and I play the game everyday and this is why I dont rent out card.

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Pretty sure in the grand scheme of investing, a 27% APR is still a great rate. The higher the APr the higher the inflation rate which will also reflect in the token value. The APR dropping is actually a sign of strength. So yeah, I would say it’s still worth it to stake and earn coins you are getting for playing a game and holding some other tokens.

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Very well said that 27% apr is very good and I like it this is why I am staking everyday.
Its still worth and much more than what banks are paying. Thanks

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As appealing as massive APR is, I have to agree that it leads to problems down the road if it isn't offset in someway. As @hivehustlers pointed out, inflation is an issue tokens deal with if they aren't "balanced" in some way. Burning or use cases involving mass removal of a token from system can work, as it allows hoarders to hoard while spenders gain the spending benefits (whatever they are) to keep things in check.

That said, if APR gets too low, holding the token becomes unappealing much like the garbage interest rates of traditional savings accounts. Personally, I'm content to stash my SPS, as I'm not in a position to do much else. I do think that it's likely to fluctuate between pack releases, as CL certainly put a heavy burden on the Splinterlands token prices.

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Current apr is very good but if it will go beyond 20% then I doubt that many would not find it worthy. Lets see how it goes in coming weeks. Thanks

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I currently do not ask myself questions ... I am always staking the SPS tokens. I don't want to say my strategy is great. I'm just saying that not having a precise strategy, without asking myself many questions, I continue to stake the SPS

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Sounds good to me and I am following the same and this is why I am staking all my SPS tokens. Thanks

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