60 days in DEC/ETH Pool - Our ROI and soon it going to be exciting!

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About 30 days ago I published our result over the first 30 days in DEC/ETH-pool.
We started with 800 USD and the value was then about 1000 USD + 5 land tokens.
The pool can go up in value in different ways_

  • Token goes up (this was what happen first 30 days)
  • Fee
  • We get Land (5 Land for deposit 800USD in 30 days is huge ROI if we calculate a value of each land of 10 USD)
  • We get lotterytickets

After 60 days we have this result

Token value
1 november it was 964 USD
4 december it is 1096 USD
But as you see it is not so stable.
When we entered this pool we did not calculate with some upside of the tokens. Thats only bonus

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FEE
Total amount of fee we get is increasing BUT extremly low if you compare to other paris in Uniswap. If you want a high fee - dont come here
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We did not enter to get the fee - That also a bonus

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Land
After fist period we did get 5 land. After this period we did get 4 land.
One land can be bought for 10 USD. So we did get 40 USD for keeping money in the pool for this 30 days. About 4 % in 30 days. THIS IS GOOD
This was one of the particulare reasons why we entered. I thought tthis should give good return and it did.

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Tickets
This is the most intresting part - Because I have always been intresting in statistic in this kind of things.

  1. There will be about 1 million tickets
    You get 1 ticket for each 1USD you spent in presale. There are 90 000 land to be sale so there is 900 000 tickets to be distributed.
    And 100 000 tickets will be distributeed to uniswapers (like that word)

Over all our part in the pool has been around 0,3-0,4 %. That will give us about 300-400 tickets in the beginning of januari.

  1. The value of a ticket
    The value of one ticket in a lottery is the sum of the amount that you can win divided to amount of tickets. That is how you can see the edge in ordinary lottery too.

Here https://www.splintertalk.io/splinterlands/@splinterlands/official-splinterlands-land-presale-announcement you can see what you can win.

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In total, the raffle will offer over 50,000 prizes with an estimated retail value of over $100,000 - and that doesn't even include the potential market value of the totems!

Let us just focus at the 50 000 prizes with the 100 000 USD value.

100 000 USD / 1000 000 tickets = 1 ticket value is 0,1 USD

What can we expect in januari?

Lets say that we continue keep 0,4 % of the pool
What will we get in total in the beginning of january

Token value - Hard to say - thats only a bonus
Fee - Dont talk about it, to low
Land - 13 land, value about 130 USD
Tickets - 350 tickets maybe. Value 35 USD

So with a start at 800 USD we get things from Splinterland worth 165 USD in 3 month.
If the offer same deal in 12 month. (or somehing similar)... we get 660 USD in a year. Thats pretty good. A good way to keep our ether working for us.

What do you think? Have my mathamatic be right or wrong?

Minimining goes mediummining.

As usual - HODL community gets 15 % of my investmentsposts



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4 comments
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Manually curated by scrooger [Qurator - Witness] from the @qurator Team. Keep up the good work!

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The DEC pool is a really great way to save DEC and make it work for us, while also hodling some ETH at the same time. I wonder what they have in mind for the time after the initial three months. They mentioned they will continue to incentivize liquidity providers.

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Thanks! Yes it will be exciting to see what they will offer.
Maybe other game can go after and make some similar offer.

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