Staked SPS Delegation: A new Passive Income Source for SPS Stakerholders



The scalability of the Hive blockchain makes it easier for projects built on it to innovate, reinvent and scale on daily basis adding new use cases for crypto currency and blockchain technology. These innovations on Hive happen despite bull and bear seasons.

In a recent development, a leading play to earn game on Hive - Splinterlands, has evolved its design to another usecase for its governance token, Splintershards (SPS). Splintershards (SPS) is the central the asset in the Splinterlands ecosystem serving several uses such as staking rewards, gaming rewards, airdrop token, among others.

With over 1 billion SPS already minted, about half of that is staked by players. However, a good proportion of this amount of staked SPS is held by a few whales in the system. Most of the stakeholders barely participation gameplay. They basically hold their SPS stake for staking rewards and possible airdrops. A few participate in DAO governance voting.

The middle class Splinterlands players who are actively involved in the game barely have the resources to buy much SPS for participation in tournaments and other active operations that utilize staked SPS.


Staked SPS delegation became a key issue discussed in yesterday's Splinterlands Townhall meeting and AMA and turns out to be another major improvement in the Splinterlands SPS tokenomics.

Staked SPS Delegation
You will be able to delegate Staked Splintershards (SPS) to other players... Tournaments with SPS entry requirements will count the total of a user's Staked SPS and Delegated SPS.

Staked SPS delegation is modelled after Hive Power delegation in that delegated SPS cannot be unstaked and the delegator must first cancel the delegation before being able to unstake that SPS.

However, the use of delegated staked SPS for participation would boost splinter lands game play as well as encourage mid class participation. This is because purchasing staked SPS delegation would be cheap and very affordable.

This development would also create room for staked SPS lease, which could become a source of added passive income for delegators. The SPS whales would rather delegate their staked SPS to active game players and gladly receive liquid reward since it does not affect their staking rewards and DAO voting.

Delegated SPS cannot be Unstaked. You must first cancel the Delegation before being able to Unstake that SPS.

It is obvious that this development has the potency of also increasing transactions in splinterlands.

Who is excited about Staked SPS delegation?


Splinterlands game is termed the "next generation of collectible card games" in which allows players to collect, trade, and battle with provably scarce digital collectibles with real-world value. Battles on Splinterlands Unlike most trading card games, are fast and furious, and are usually completed within few minutes. The Splinterlands gameplay is simple and easy to learn viz: reviewing combat rules, making and submitting of the team and watching the battle unfold.


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