SPS REWARDS STRATEGY

MAXIMIZE SPS REWARDS

By magicodoz | Splinterlands Cronicles | 29 Jan 2022


Hi Splinters!
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Today i share with you my strategy to maximize airdrop points using SPS and DEC tokens. As you should know, we can earn SPS rewards by holding Splinterlands assets like DEC, CARDS, LIQUIDITY POOL, SPT, LANDS, TOTEM, CARD SKINS, TITLES and CARD PACKS. These assets give you an amount of airdrop points, more points you have and more reward you get.
3a8b8c53448ad321984d3cf1666bb279cebb5bbf8b507f34ec5221e76dd4d7ab.pngI focus on DEC because Splinterlands allow us to earn them trough battles and i easily accumulate them playing the game. We need to know that different assets give us a different amount of airdrop points. One DEC token give us 1 airdrop point. As you can saw above, SPS isn't inside the list of assets that give us Airdrop Points. In order to maximize airdrop points using DEC and SPS the strategy is to bring the SPS rewards earned every day and put them in a liquidity pool with DEC. The pool i use is 50:50, when you add liquidity you need to put an equal value of DEC and SPS. The liquidity pool give us a double airdrop points compared to hold DEC.

That it!

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3a8b8c53448ad321984d3cf1666bb279cebb5bbf8b507f34ec5221e76dd4d7ab.pngRISK
This strategy isn't risk free, we should aware that liquidity pool is affected by impermanent loss.
Considering the price of DEC 0.003210 $ today (FYI the price of DEC is pegged to 0,001$) that is relatively low compared to the previous months. At the moment the risk is low imo. Because the airdrop points system incentivize to hold DEC and stabilize the price. Don't forget that this strategy give us more SPS, that is the token we are interested in and Splinterlands Team revealed some good news about the use the token that could increment the price in the future.

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Let me know if you already know this strategy and if you use it!
Cheers


I want to thanks Binance for the guide on the impermanent lost i cited above.

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magicodoz
magicodoz

I'm an Italian guy. I have a master degree in biomedical engineering. Like most introvert guy, i love playing video games and i'm a Splinterlands player. I like also plants and playing sports like basketball and football!


Splinterlands Cronicles
Splinterlands Cronicles

Hi all! Let me introduce myself: I'm from Italy, i grow up in a small town near the sea. I graduated in the University of Bologna with a master degree in biomedical engineering and actually i work as R&D manager for an Italian biomedical company. I'm here to share my journey with you. I'm mainly focus on Splinterlands content because i really like play this game and i want to enjoy with you my passion!

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