My Splinterlands Asset Building Strategy - Splinterlands Social Media Challenge

Building passive income streams is an important part of financial planning, and one way to do that is through liquidity pools. In the world of blockchain gaming, there are several liquidity pools that can be used to generate passive income for players. In this post, we will focus on two specific liquidity pools: Voucher and Hive, and SPS and DEC.

The Voucher and Hive liquidity pool is a way for players to earn passive income by providing liquidity to the Voucher and Hive trading pair on the Hive-Engine exchange. By depositing equal amounts of Voucher and Hive into the pool, players can earn a share of the trading fees generated by the pair. The more liquidity provided, the larger the share of fees earned. This can be a great way to earn passive income for players who already hold Voucher and Hive in their portfolio. I already earn vouchers from staking SPS and holding a Validator License, so I sell some GLX airdrop tokens and buy Hive to add it to the HIVE/Voucher liquidity pool.

The SPS and DEC liquidity pool is another way to earn passive income through liquidity provision. By depositing equal amounts of SPS and DEC into the pool, players can earn a share of the trading fees generated by the pair. SPS is the governance token of Splinterlands, which gives players access to vote on the future of the game, and DEC is the in-game currency used to buy and sell cards.

Total liquidity on Hive Engine:

My strategy is to earn SPS via Splinterlands ranked battles and stake it to earn SPS staking rewards and GLX airdrop. I also sell some GLX tokens to buy HIVE and stake some GLX tokens to generate a high APR currently at: 229%

The world of cryptocurrency can be a volatile one, and that's especially true for the various digital assets used in the Splinterlands game. With the recent bear market, many players may be feeling a bit nervous about the value of their holdings. But fear not! There are still ways to accumulate valuable assets even in a bear market.

One way to do this is to take advantage of the liquidity pools that are available in the Splinterlands ecosystem.

Another way to accumulate assets during a bear market is to take advantage of the in-game economy. As the value of assets may be low, this is a great time to buy cards and other in-game items that you've had your eye on. Not only will you be able to acquire them at a discounted price, but you'll also be in a strong position to profit when the market turns around.

Finally, it's important to remember that the bear market will eventually come to an end. The cryptocurrency market is known for its volatility, but it has always bounced back in the past. By accumulating assets during the bear market, you'll be well-positioned to take advantage of the next bull market.

It's important to note that both of these liquidity pools are not guaranteed income, price movement of the underlying assets affects the returns of liquidity providers. Additionally, liquidity pools also have a risk of impermanent loss which happens when the price of the assets in the pool moves in a different direction than the trade price. It's important to do research and understand the risk before depositing into any liquidity pool.

Overall, liquidity pools can be a great way to generate passive income for players who are already holding the assets involved. By providing liquidity to the Voucher and Hive or SPS and DEC trading pairs, players can earn a share of the trading fees generated. It is important to understand the risk and do research before depositing into any liquidity pool.

If you are not playing Splinterlands you should:
Play some Splinterlands to Accumulate extra SPS for liquidity pool