Splinterlands: Passive Rental Income Update #8

By jfang003 | jfang003 | 7 Apr 2022


The rental market has been booming and I have been earning quite a bit of DEC. It still requires a bit of work to manage the rentals but it does generate an income passively. It's been around 2 weeks since my 7th update on my rental strategy. Since I have been busy at work lately, I expect my rental income this season to be lower. Last season, the rental market has been booming but the price of DEC has started to drop so the costs for cards have also been starting to go up. I was also able to open my first gladius pack so my collection power is going up and I should be able to rent out more cards for income.

Rental Progress

My original post, where I announced my strategy, shows my general motivation for doing choosing this strategy. The DEC price is still dropping and I expect it to drop back down towards the soft peg price. One of the biggest benefits of this rental strategy is that I am still collecting points toward the SPS airdrop.

Purchases

card buys.png
As always, I used Monster Market to purchase my cards for the cashback. I used up the DEC I earned from ranked battles, rental income, and rewards chest. As I am paying in DEC, the prices are more expensive compared to last time. If I have to consider things, it looks like reward cards are about 20% more expensive and I expect them to get more expensive as the DEC price falls. So I am wondering if I should use my entire backup supply of DEC to buy up some cheap cards now.

My choice of cards this week is some gold foil rare cards. Lately, I have only been buying legendary cards and it seems like a great time to buy up some gold foil rare cards. If I ever want a max level card, I can always go here to combine them together and I don't have much gold foil rares outside of Wavesmith. The price they rent out for is about the same as a normal legendary so I don't see much lost by doing so.

Income

My income and all rental price management are done through Peak Monsters because of the tools it provides me. The past few rental seasons have been looking great and even the current system is looking quite nice. I do plan to update prices closer to the end of the season.
previous.png
Above is my previous report's income and below is my current income.
current.png

Overall, it looks like my maximum possible income is about the same but the APR is dropping. As the cards go up in DEC price, it also takes more DEC to make back its cost. Overall, I am still happy because my cards have appreciated in DEC value but it does hurt that my fiat value has dropped. I am gaining hundreds of DEC per day and I will continue stacking more cards. I don't really plan on leveling up these cards so I can make the most of the rental income.

Conclusion

As the price of DEC drops, the DEC value of my cards is increasing so I still think I am the winner. Managing my rentals takes time but I think it's needed if we want to maximize our returns. I still haven't decided whether or not to buy the summoners yet using my VOUCHER profits but I should decide to do it sooner rather than later. However, I am waiting for a VOUCHER pump before selling it and all of this will probably go into my chaos legion summoners because of the guild brawl.

What are your plans regarding rentals in Splinterlands?

Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.

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jfang003
jfang003

Gaming and Crypto Enthusiast


jfang003
jfang003

Gamer and Blockchain Enthusiast

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