Splinterlands: Checking on my investment gain in DEC:SPS pool after 110 days.
I entered into DEC:SPS pool on August 15 with 110K DEC and 877.83 SPS. At that time of trade I do not need to convert any one token to another form as I have availability of both , Though SPS is getting some nice APR in the form of staking APR but it is expected and anticipated that DEC will reach towards it's peg and it has more scope of appreciation.
When now I check my current holding in the pool , I have now 78412 DEC and 1251 SPS in the pool. I have now 31588 DEC less but have more then 373 SPS.
If I see my liquidity Provider rewards till now , I see I got 3204 DEC and 238 SPS as liquidity provider rewards.
Now LP DEC rewards offset my DEC loss in liquidity pool to 28384 DEC.
Now LP SPS rewards add my SPS gain to 373+238 SPS = 611 SPS.
But there is one more thing in calculation, that 877 SPS can be staked and I guess it might have fetched average APR of 33% and in the end it will yield 877 x .33 x 110/365 = 87 SPS
With this calculation net SPS gain come to 611-87 = 524 SPS.
Converting SPS gain in Dollar value , it convert to 524 x .059 = $30.9
Converting 28314 DEC in Dollar value , it convert to 28314 * .0009165 = $25.9
So it means I am in profit of $5 and kept my asset liquid also, because if I have staked SPS it will take 4 week to get all in liquid form.
My other post in Splinterlands.
Splinterverse (Splinterlands Metaverse) : A comprehensive ecosystem for everyone to earn.
Staked 200K SPS and my future Splinterland's plan.
Splinterland's : Can I Survive on my Splinterland's earnings.
Splinterland's : Explosive growth is yet to come.
Splinterland's : Earned assets worth more than 1 BTC.
Splinterlands : Land release might change the way of playing Splinterlands .
Splinterlands : When luck strike twice in gap of few days.
Splinterlands : Ways to earn DEC
Splinterlands : Do not ignore Guilds
Buying Splinterland Tower Defense pack now looked good decision
Note for my affiliates
If you want to play splinterlands then you can join it here
I saw few of the player joined the game using my affiliate link and then stopped playing after few battles. If you have any difficulty in playing game, do not hesitate and join the game discord. It is really helping community and contact me here or on discord, I will definitely review your game for your better game experience.
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