Ending DEC Reward Payouts for Uniswap LPs
Sources of inflation for a token are expenses whose costs are shared by all asset holders in the ecosystem. From that perspective, it is of the utmost importance to ensure that all sources of inflation are providing enough value back to the ecosystem to make up for their costs.
The DEC inflation pool for Uniswap liquidity providers was first initiated in late 2020 in order to encourage players to provide liquidity for the token, but now that much of the token trading volume has moved to PancakeSwap on BSC or Diesel Pools on Hive Engine, plus the addition of the SPS airdrop rewards, this 100M DEC per year inflation pool is no longer providing value back to the asset holders.
As a result, the DEC payouts for liquidity providers in the ETH-DEC and DAI-DEC pools are scheduled to end on Uniswap on Thursday, March 17th, 2022. At that time these tokens will be reallocated to the ranked battle reward pool.
One of our top priorities from a game economy standpoint is to increase the rewards for ranked battles in Splinterlands, especially in the higher leagues, to add additional incentive for players to buy and rent cards in order to move up. This change is the first of many that we plan to make towards that goal, and it allows us to take this pool of 100M DEC per year that is currently providing little to no value and redirect it so that it adds direct value to Splinterlands card holders and players.
Please keep in mind that this is only for DEC rewards and the daily SPS airdrop rewards for Uniswap liquidity providers will not be changed. Additionally, players will have 30 days from the date the rewards end to claim any unclaimed DEC rewards from Uniswap liquidity positions, after that point the option to claim the rewards will be removed from the game website and any unclaimed rewards will be forfeited.
Stay tuned for more updates from the Splinterlands!
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Awesome!
When it says higher league. What is the specific league it refers to? Gold? Silver onwards?
It's a good news for the cards holder.
Wondering how I can participate in uniswap pool?
Any explanation is appreciated.
This would most likely affect Bronze 1 and up since B3 is the one where you receives DEC. By "especially in higher leagues" meaning that silver 3 and up would have way higher advantages and the higher the league, the more the rewards rack up.
This makes sense because the jump on each league, for example, Bronze 1 = 6000 power but S3 = 15000 power, is too much. We might see a 5-7 dec per win again on s3 which would make sense.
Fastest way is to take a few grand and buy a deck to get up to the high leagues right away. Make the cost back and keep playing. I built my first collection from 10 bucks and it was like 20-30K when I sold it all and bought into the SPS DAO SPT DAO heavily now I am just starting to play again now that I have it set to make like 30-40K at current prices from the game passivly and any active playing income. Also my back up 40K dividend stream but I worked 15 years for that 60 hrs a week and school so at 32 and being financially free but still need to save and reinvest for 10-20 more years heavily so I will be minimizng expenses alot for 5 years then slowly working some I like back in and at 4 I will likely have 1.5-2X the passive income and that will be enough to not worry at all but still only use half so a trust can be formed for are family to keep the generational wealth my dad created going forever so no one ever needs to slave away again in my family. Your world changes when you do not need to work and you dont think about time=money you just do things that are good and interesting and the money tends to follow. And you have all day to think about ideas for side hustles like I open bank accounts and make more than as a CPA lol. Need to know how to use all the loop holes to get medicaid and other subsidies which can be obtained by using planning techniques to make income exactly what it needs to be to max the tax benefit and cash taken home. You can even be a millioniare and be on medicaid saving 24K a year if you pay out of pocket for family. Just shove it all in your solo 401K use loans with you and your wife to take out up to 100K to keep income low and also buy real estate to create losses or buy equipment and buildings for a new business to turn a big gain into a loss or now tax situaiton. Get tons of credits this year. Suck in all that money while you can going to need to invest to keep your net worth if its in cash you slowly let money die. With higher inflation need higher yield investments used to buy other riskyer assets and stable coins with high yields to buy other assets with larger returns so the total retur cash on cash will likely be 20% plus another 10-15% from the invested earnings in high risk high reward pools etc. so expected unleverd earnings of 30% apr but add 50% leverage and you get to 60% apr and add max 4/1 on stable money markets in IBKR then use the money to lend to stable coins you get 4X to lend at 20% plus 10-15% to so 80% stable coin return and 60% on risk part of portfolio. Total of 140% with hedged positions that are leveraged using traditional margin loans on say money market etfs that dont move but will allow up to 15% after 25% initial margin and with a money market we could get 5/1 eventually and have pretty much very low risk as everyting is based on the USD Stabe coins used to buy equities, crypto, private deals, reinvest in stable. Generate a huge return by using a hybrid strategy. I am going to start running my personal finances like a business as well unlock my caged 401K using a solo checkbook 401K to invest in anything so I can have most of this in my 401 and defer taxes on it getting benefits as I will have only a 20K or less AGI always to get benefits that increasing income you end up losing tens of thousands. Id rather increase cash flow that doesnt show up on taxes yet. You can make way more as long as you use the strategies wealthy use. I use them all as I did there taxes lol I havnt had to pay a dime in 3 years legally just by restructuring my income streams to offset each other with tax loss not cash flow. Real estate will provide years of deferred cash flow allowing you to avoid taxes likely for generations as step ups occur. Once you understand you can break free from the volunary slavery were in today. If your family attains a certain financial freedom you do not need to comply with things like a manditory mask mandate your just dont go where you have to no job worried about losing. Thats the best part no job to lose bc I wont fire me. If you can find a passion and get out survive on dividends than Id say go for it as working in cororate america will suck out your soul I am so happy the last time I set foot in a office was 2 years ago lol. Now I get mail box money and invest it for a living. Also play splinterlands lol.
That was very insightful. Covid hit hard and that backlash would be finished FINALLY by next month so after that, it's like what you said, invest. I'm gonna get me a good deck and with Splinterlands Dev finally putting a help in the Rewards pool to make sense, it also makes sense to grind away again. As long as the rewards offset the rentals, Splinterlands would be playable again for poor ol people like me who like the game but have financial concerns atm.
If you are interested I am starting a outpost the goal to make a investment club starting around splinterlands and in order to start it up I actually found a way to just get ppl in for free lol. Cant beleive I did not put it together I have been doing it for 10 years. All every new member needs to do to say meet a 500 minimum is a few bank bonus referrals I will provide to them as I will go through pick my fastest easiest ones that add to 700 bc of taxes lol and put them on a list for any member as part of the process of signing the operating agreement etc. Then you just depoosit the funds later and once the bonuses are received in full you will get all accrued distributions and accesss to change the accounts private keys that I make for everyone in the club to receive there distributions separately so it is very clear who received what. I will have financials as well on Wave Accounting that everyone can view as well as everyone can verify via the HIVE Chain. Since I can literally just spend a hour or two with everyone getting them the 500 bucks by using a few bonuses then everyone will literally get in for free up to a pont of 90 ppl. I probably will need some people to help lead with me and you will be compensated just like me via the Founders units vs seed units as you would be doing additonal work. The Founders units compensate you with equity and a promoted interest reuturn like most syndicaitons do. The only fees imposed on the first 90 members will be reminbursement for actual costs. Then Series A where we go to raise capital from say Republic via a separate project with the group as the GP and the new members are only members of the new acquisition pretend its a building our group would own the GP interest so all 90 people will get rewarded for being early members. Any seed member also will be moved to F units if they end up contributing more than they thought warrenting extra compensation. I will take half of my bonus as I get them to for everyone and put it in the DAO treasury for us and the other 250 I am taking as compensation but that should start us off with 22,500 contributed by me to the treasury from the bank bonuses of the first 90 members so that we can start off with a solit 60-70K to invest with and then we can just use that to delegate SPT power to everyone so they can vote on the groups posts. Also the extra money can be used to bring people into Splinterlands. Once we get the outpost up and going I will e-mail Matt and talk to him about what we are doing and see if we can implement my other Idea which is having a Custom SPL Group Metal Blockcard for all of us along with the LLC having one as well and useing the points to save up to get the CRO card at 8% cash back. Then we can do some cool things with it. Also if anyone does not have the coinbase card get it. There is a reason for it and you all will love it. I am just not saying publicly bc ppl will take the idea. I dont think many think about it this way.
Also I am a Shareholder of Splinterlands as well so I may be able to get some discounts and other useful things to help us make analytical tools. I had talked to Matt a while back about getting a live data feed for each card so I could make a trading indicator.
Today, I'm in Gold 3. I'm getting 5-6DEC per win. If this could be doubled, it will be great.
I'm in Silver 1 and also earn 5-6DEC per win with bonus from GF
Donno why I get so little DEC(5-6) for each win at Gold 3. Get same or even less than what I got at Silver. My ECR is at around 70-80%. And there were 20-30% bonus up from continuous wins.
That's why I rent out my card and stay in Silver rather than move up to G3. The advantage of G3 is 6 daily reward chests but I can use rental income to buy cards
Good choice. See how they will change to motivate player to move up league.
My expectation is that Silver will see a minimal (or no) increase, and that successively higher leagues will see higher rewards. The problem this needs to fix is that of it being more cost effective to run 10 bots in Silver rather than play one account in a higher league. To achieve this the Gold+ leagues need their rewards increased much more than Silver.
Agree. Today a lot players don't want to move to higher league. For example, I have 100K CP. Instead of playing in GOLD 3 to get daily 6 chests and end season 22 chests. I can split my CP into 6 Silver 3 accounts(90k CP) and rent out 10k CP to get significantly higher rewards with 12 daily chests and 72 end season chests. (Although the chest value is different between silver and gold, but today is not as big as 3x.)
At the same time, I'm also playing another Hive Blockchain game, and they clearly announced - no bots and multiple accounts. Not sure how AMA is going to fix such issues.
This is exactly what I'm waiting for :)
Happy to see the game is making some move to increase Ranked reward.
awesome, we're all going to be rich!!!!!!!! 😎
Thanks for the update team... love data-driven decisions!
Questions:
1.) Is there currently DEC rewards for supplying liquidity for PancakeSwap or Diesel Pools? I think from memory the PancakeSwap rewards are in the Cake token...
2.) I guess once the SPS airdrop finishes in 136 days there will be no extra advantage for supplying liquidity to the Uniswap pools over their 0.3% fee sharing?
3.) Would there be any advantage to lowering the DEC inflation of the 100M per year by half instead of adding the Uniswap liquidity pool portion into battle rewards?
Sweet update right there!
This is one of the smartest decisions I've seen out of Splinterlands in a long time. Now if you'd take the next step and have smalp remove his $5 million worth of cards from the rental market until the game catches up we might re-enter the boom of July and August.
smalp, is aggroed. if you want him to remove all his rentals, then he would call you entitled, and say you want more for doing less. looks like he wants more for doing less, while taking away the value from his own players
cringe
As a huge LP provider for the DEC-DAI LP, I'm annoyed by this decision, but am in full support of it simultaneously. I support its long-term ambitions, but am upset that I am required to perform more TX's on ETH just to retrieve my funds... I wish there was a parting fee as compensation for the effort.
Good decision to have a higher reward pool.
Any plans or things that AMA is thinking to stabilize the sps value?
with such dumping trend, it definitely harms the growth of the project as well as the new player pool.
Does that mean that you will get more DEC from a ranked battle or there's just more total for that pool of DEC? If you get more for the battles, that will be great for DEC earnings especially for new players.
Good changes, I will have to admit when you have over $100,000 valued account and you only make $0.15 a day in quest rewards it starts to make it not worth it lol. Looking forward to seeing more of the fees and such to be paid back to those who are actively playing and promoting splitnerlands.
I hope this update will really improve the ranked battle rewards. I just could not understand that with a 100% capture rate and even a series of wins at Silver III, receiving at least 2 DEC as a reward appears to be very difficult.
tbh the answer is simply to get more DEC get higher rank in gold 2-3 you will be getting around 20 dec per win
That's in my book maybe before the end of the year for I am helping three accounts to climb upward. What I am saying is that there was a time I think two or three months ago that I was even receiving 10+ DEC per win at the same capture rate and league. Though I don't expect that those days will return, but I am anticipating that this recent update would improve the Ranked battle rewards somehow.
I just started Splinterlands a month ago and managed my way up to Silver. So far I haven't earned much in the game. But I started to play and invest long term into the game. I really like that you take care of the games economic system. Keep up the good work! Greetings from Berlin!
Nice, I hope I can get more dec on ranked battles
Yeeyyy! I hope DEC rewards for Diamond/Champion will also increase because it's too much of a net loss to play in those high leagues through rented cards.