Posts

Why I am selling my SPS?

avatar of @felander
25
felander
@felander
·
·
0 views
·
2 min read

I guess I can say that I am a Splinterlands OG, I participated in the original Kickstarter and played it when it was Steemmonsters.

I am a monster Maverick and will be even with the new rule that says you need over 1000 packs bought. I bought roughly 1200 packs since I began playing in 2018 which is 2400 USD over 3 years. (which is reasonably in my mind)

I do not mind spending a bit of money on a game I like and did so on and off over the years.

Suddenly these cards end up being worth a small fortune and a bigger part of my crypto portfolio than I would have ever thought possible.

Even though I really like the game my portfolio financials are starting to be a bit out of whack in my opinion from this amazing 60x spike in value. Not only on total value but also on income streams 430 SPS/DAY = 400 USD 10000 DEC average per Day in Rentals = 150 USD 550 x 30d = 16500 USD

I know that 15k is more than a lot of people in the world are making a year and I am getting this per month through a game (mind blown)

Since I do not really want to sell the cards there are not a lot of options left that allow me to take out a profit if I do not want to sell my DEC.

But I think I have found one that allows me to keep growing my portfolio while also taking some profits.

I am selling my SPS

I have staked 10000 SPS already and am reasonably happy with this amount for now. I also believe that after the initial rush of the launch the price will go down (but I also might be completely wrong about that) So what am I doing?

  • Step 1: Sell daily amount of SPS (currently about 430 per day)
  • Step 2: Change SPS for BUSD
  • Step 3: add BUSD & DEC to the Pool on CUBDEFI
  • Step 4: Park the LP token in the FARM on CUBDEFI
  • Step 5: Park CUB in Kingdom for added ROI

In this manner, I can take the rental DEC and double it in Airdrop points value with the BUSD I got from swapping SPS.

I had a stash of about 500k DEC which is now close to being used up but that will translate into 7000 USD & 7000 USD in DEC in stablecoins that I can tap into when I am in need of some liquidity and has allowed me to take a bit of profit from the game while still providing me with more SPS from the airdrop.

The next step, after I run out of liquid DEC, will be participating in the SPS-BNB pool. I have 10k SPS staked which gives me 3 packs per day.
OR
I might stake a bit more so I can get the 100+10 pack from the presale if there are some left at the end of the month

We will see how things shake out with the launch tomorrow...

all in all, exciting times and happy to be a Splinterlands gamer :-)

Posted Using LeoFinance Beta