Splinterland Renting: Enjoying the weak Hive prices

We all know that most of the earning opportunities in HIVE yield HIVE. Even the tribe tokens (until they do not get external money earned out of Hive , or available outside the HIVE) will also yield token and their price will be tied relatively to Hive instead of Dollar value of Hive in market.

Week Hive prices though provide investment opportunities but it seriously impacted the users who need Hive for their daily needs and operation.

Can you generate passive income independent of Hive price?

Yes, I find Splinterland's card delegation system as one of the system available in Hive that generate the passive income on Dollars and your payment will increase or decrease depending upon the Dollar value of Hive. So when Hive tanks, I get more Hive for renting the cards so basically weak Hive price increases my stash of Hive more per day. You can use Paekmonster to set up the renting of your Splinterland's card.

What about APR ? That is most important question for some want to invest. To get nice APR you need to stack the cards at some higher level depending ypon rarity. It is very unlikely that some one will rent a level one common card though probability somewhat increases for level 1 legendary summoner. Higher the level of your card, higher are the chances that it get rented because many players need card to win in tournaments to get nice earning but it is not feasible for them to buy every cards and level it up high.

You can see, I am getting monthly APR of 2.5% to 1.5% for most of cards (with few exceptions of having >2.5% and <1.5%) so it can be safely assumed that you will get APR of 18%-30% that can be compounded monthly.

Risks and Rewards involved Your risk and reward is card value price going to be in future. Card value strictly depends upon market demand. It's is your luck that the card you have purchased for $50 will appreciate to $100 or it can depreciate to $25.

Tips for Renters Use HBD to pay for your card lease. HBD price do not vary that much as Hive.

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 delegate you some card and review your game for your better game experience.

Posted Using LeoFinance ^Beta