SPLINTERLANDS - CLAIMING SPS FROM LIQUIDITY POOLS REWARD AND SWAPPING IT DEC TO ADD MORE LIQUIDITY

in Olio di Balena14 hours ago

Hello Splinterland Warriors!

How are you all? I hope you are blessed and well. In today's post, I will share the liquidity pool rewards and will be swapping it to DEC as you can see I have earned some SPS from the Liquidity pool reward.


|MULITIPLE POOLS |



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There are multiple pools for adding liquidity within the Splinterlands game but some of them give out high APR and some are low depending on your Favorite pair I added liquidity in the SPS and DEC pair that gave an awesome APR of 14% two weeks ago the APR was 16% i shared in a post and after two weeks the APR reduced to 14% still not bad if you have spare SPS and DEC then put them into Liquidity pools to earn some APR instead of sitting it idle in your wallet. I will add more Liquidity once the Hive price reaches to its Destination of $1 target and above to invest it in DEC and SPS and add them to the pools.


|SPS FROM BRAWL AND STAKING|


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Well, I am getting 18 SPS from the staking rewards of having some Staked SPS and two Vouchers daily. Also, some I got from the brawl tournaments as today I got 52 SPS, and 16 SPS from battle so today I will claim a total of 88 SPS worth 1k DEC nearly while after claiming the brawl, staked, and liquidity rewards SPS I will have liquid 2k SPS worth 19k DEC which I earned from Staking, liquidity pools and from the brawl and battles that works as passive income. Unfortunately, I am giving out some of the SPS as a fee for wild passes by converting them to DEC.


|SPS TO DEC|


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Converting SPS to DEC using the external exchange as the internal exchange is a bit expensive where you can get less DEC while using the Dcity exchange service gave me a decent amount of DEC from SPS conversion as I have only converted 200 SPS and got 1900 DEC will convert more SPS later as I have enough SPS in my wallet sitting it idle almost 9k SPS available so for adding them to the liquidity pools it will require a pair of DEC which i need to buy or get from SPS conversion half of the SPS will be converted to DEC to get equal amount of Liquidity for the DEC - SPS pair in the pools.

Well, i have invested enough money in SPS i bought it at a high price when i was competing for my goal of staking SPS and got almost 50k SPS from the Airdrop by adding liquidity in the start before getting the SPS Airdrop Later the price dropped a lot and i bought it expensive almost invested 3k hive in SPS to reach my goal but still i am happy that i have enough stake in SPS that pays me off daily in the form of staking rewards and earning some SPS from battling.


|SEASON DASHBOARD|


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Well, playing in the Gold 1 league and earned 29k Glints for the next Season_end rewards also just converted some SPS to DEC for the next Season's Wild pass and the glint boost is x10 i am earning nearly 400 Glints per win the more SPS you stake the higher you can increase the Glint Boost. Also, i have enough Glints available in my wallet that i am using for the Daily loot chest rewards of 1m+ Glints available recently bought one title with 1 million Glitnts and now again i have enough glints that will be used for Daily loot chests and energy recharge.

All images are from the Splinterlands website

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Thanks For visiting my Blog

Best Regards @moeenali

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This post provides a good overview of your Splinterlands earnings and strategies.

It's encouraging to see you're taking advantage of multiple income streams within the game, such as liquidity pool rewards, staking rewards, and brawl winnings. The 14% APR on your SPS-DEC liquidity pool is a decent return, and it's smart to reinvest your earnings back into the game.

Your focus on maximizing SPS earnings through staking and brawling is paying off, with daily rewards providing a significant portion of your income. The use of external exchanges for more favorable SPS-to-DEC conversion rates is also a smart move.

However, it's important to note that APRs on liquidity pools can fluctuate significantly. It's crucial to monitor these rates regularly and be prepared to adjust your strategy accordingly.

Overall, your approach to Splinterlands seems well-rounded and focused on long-term growth. By diversifying your income streams and actively managing your assets, you're positioning yourself for continued success within the game.

Congratulations, you have received support from Ecency through curator @reachdreams