Another week with a lot of thigs happening in the GambleFi space. One of the projects I was invested in for now ended the operation with legal worries which much more to me feels like a rug while I also staked my first SCS.
Solcasino.io (SCS)
I started to buy some SCS last week with an initial 15k I bought for 100$, with the price falling more it got more and more atractive so I increased it to 100k staking half of that. The idea is to keep half liquid so if there is another one of those crazy pumps I can easily sell that at double the price keeping my stake as a free bag.
I won't go crazy on it though as it remains very centralized and there are also NFTs which after this season will run out of SCS to inflate the supply with. In the end, all the SCS value is derived from the USDC Pool in relation to the supply. I would not be surprised if the price kept falling allowing me to cost-average more or for another totally irrational pump to happen at some point. the current APY on staking is around ~40% but this is with only 4.1% of the fully diluted supply staked. This is the main drawback while at the same time the overall valuation isn't that crazy for the potential for mass adoption Solana has.
I did increase my stake to 60k right now having 60k liquid and I will start running the proper numbers once I get my first full week. I do expect just ~1.7$ in weekly earnings from this right now which isn't much but every bit counts. I also started using solcasino to play a bit of poker.
Defibookie (NFTs)
This was one of the smaller high risk projects with a tiny marketcap and potential to at some point see a nice push to the upside. However, around 33 weeks into it, it looks like the devs gave up using the excuse that they fear getting in legal trouble. This was one of the things they pretty much knew from the getgo so I assume they just got some money out of it and more or less rugged even though they are claiming that they will try continue one way or another with the tech they build.
Nobody aside from the NFT holder where the price has dropped to 4$ while the mint price was 100$. I assume it will never recover and just will write down to 2511$ investment I risked on this one.
It's another lesson learned as it's just a systematic thing in crypto where when you try to get into something early at a cheap marketcap it is almost sure to fail. This is the 2nd platform that paid dividends based on the revenue of the last month which failed/rugged and I won't ever get into one again that has such a revenue share mechanism.
Sportbet.one (SBET)
Opposite to the others, SBET has been crazy reliable for years now with another solid payout week while the price is holding up regardless what the crypto market does. The main downside is that it has failed to really see considerable growth over the years. It remains my best form of passive income to use or reinvest into other things.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
NFT prices have dropped which makes RLB give a good
The price however of RLB and the NFTs continued to go down 74% APY at the moment (based on minimum prices) all while RLB continues to be burned. However, the combination of KYC dangers and the fact that it only trades on ETH makes it impossible to really make a considerable investment for me. I'm glad with the 16.51$ I earned last week from my 2 NFTs and am holding what I have left there in RLB on the site.
Sx.Bet (SX)
From what I understand, sx network will move from Polygon Edge to Aribtrum Rollups. (Reda Medium). Now, they continue to pay rewards from inflation as fees are set to 0%. I still see this as the project with most potential to one day actually getting adoption and a strong reliable team behind it. The dividends I managed to claim were double this week so I expect next week there will be none.
Owl.Games (OWL)
There was just a small drop last week in earnings as the pool needed to get refilled but it has been done already so nice improvement over the past. I'm also up overall in case I would sell today which can't be said for most altcoins since I got into OWL. So in that regard it all hasn't been that bad.
| Date | Hold | Invested | Value | Week Divs | Total | % recov | Total |
|---|---|---|---|---|---|---|---|
| 08/08/2023 | 395k | 1954$ | 1850$ | 13.76$ | 21.9$ | 1.12% | -82$ |
| 05/09/2023 | 500k | 2636$ | 2437$ | 20.30$ | 83.9$ | 3.18% | -115$ |
| 03/10/2023 | 500k | 2636$ | 2600$ | 21.15$ | 182.99$ | 6.94% | +147$ |
| 07/11/2023 | 600k | 3179$ | 2877$ | 30.43$ | 310.14$ | 9.75% | +8$ |
| 05/12/2023 | 600k | 3179$ | 2851$ | 20.12$ | 421.99$ | 13.27% | +94$ |
| 01/01/2024 | 600k | 3179$ | 3521$ | 25.76$ | 538.76$ | 16.95% | +881$ |
| 08/01/2023 | 600k | 3179$ | 2933$ | 17.00$ | 555.76$ | 17.48% | +310$ |
| 15/01/2024 | 600k | 3179$ | 2879$ | 30.35$ | 586.11$ | 18.43% | +286$ |
| 23/01/2024 | 600k | 3179$ | 2888$ | 30.45$ | 616.56$ | 19.39% | +325$ |
| 30/01/2024 | 600k | 3179$ | 2825$ | 30.45$ | 647.01$ | 20.35% | +293$ |
| 06/02/2024 | 600k | 3179$ | 2825$ | 22.16$ | 669.17$ | 21.05% | +315$ |
| 13/02/2024 | 600k | 3179$ | 2469$ | 23.57$ | 692.74$ | 21.80% | -17$ |
| 20/02/2024 | 600k | 3179$ | 2407$ | 30.74$ | 723.48$ | 22.76% | -48$ |
| 27/02/2024 | 600k | 3179$ | 2385$ | 30.27$ | 753.75$ | 23.71% | -40$ |
| 05/03/2024 | 600k | 3179$ | 2464$ | 30.67$ | 784.42$ | 24.67% | +69$ |
| 12/03/2024 | 600k | 3179$ | 2527$ | 16.29$ | 800.71$ | 25.19% | +148$ |
| 19/03/2024 | 600k | 3179$ | 2485$ | 27.72$ | 828.43$ | 26.06% | +134$ |
| 26/03/2024 | 600k | 3179$ | 2470$ | 30.70$ | 859.13$ | 27.02% | +150$ |
| 02/04/2024 | 600k | 3179$ | 2393$ | 31.35$ | 890.48$ | 28.01% | +104$ |
| 09/04/2024 | 600k | 3179$ | 2330$ | 29.95$ | 920.43$ | 28.95% | +71$ |
| 16/04/2024 | 600k | 3179$ | 2184$ | 22.75$ | 942.18$ | 29.60% | -53$ |
| 23/04/2024 | 600k | 3179$ | 2245$ | 31.25$ | 973.43$ | 30.60% | +39$ |
| 30/04/2024 | 600k | 3179$ | 2245$ | 33.02$ | 1006.45$ | 31.66% | +72$ |
| 07/05/2024 | 600k | 3179$ | 2246$ | 33.40$ | 1040.85$ | 32.74% | +107$ |
| 14/05/2024 | 600k | 3179$ | 2246$ | 30.83$ | 1071.68$ | 33.71% | +138$ |
| 21/05/2024 | 600k | 3179$ | 2103$ | 0.00$ | 1071.68$ | 33.71% | -4$ |
| 28/05/2024 | 600k | 3179$ | 2035$ | 32.81$ | 1104.49$ | 34.74% | -40$ |
| 04/06/2024 | 600k | 3179$ | 2035$ | 33.48$ | 1137.97$ | 35.79% | -6$ |
| 11/06/2024 | 600k | 3179$ | 2035$ | 32.60$ | 1170.57$ | 36.8% | +27$ |
| 18/06/2024 | 600k | 3179$ | 2029$ | 33.22$ | 1203.79$ | 37.86% | +53$ |
| 25/06/2024 | 600k | 3179$ | 2039$ | 24.55$ | 1228.34$ | 38.64% | +88$ |
** The High 7% cost to go from buying to having it staked and the 5% tax to sell is fully included in the numbers.
Betfury.io (BFG)
There was actually an increase in dividends from 58.18$ last week to 64.30$ this week even though now it looks like the Reward Pool is lower again so I assume next week things will go down quite a bit. Overall, BFG has been a reliable source of passive income for quite some time and things have stabilized a lot since the supply got to fully diluted.
I remain on hold when it comes down to WINR as the returns are just too low. The price is back in the 0.03$0.04$ range which is getting tempted as a gamble purely on potential future adoption. I will have another deeper look into it this week if I find the time as I regretted not picking some up last time it was in this price range.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Sportbet.one (SBET) | +47% APY |
| Betfury.io (BFG) | +31% APY |
| Rollbit.com (NFTs) | +74% APY* |
| Owl.Games (OWL) | +75% APY |
| Sx.Bet (SX) | +55% APY |
| Defibookie.io (NFTs) | +0% APY |
| WINR Protocol (WINR) | +1.2% APY |
| Solcasino (SCS) | Next Week |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price would dip. These are my personal numbers and RLB varies based on the trait of the Rollbot NFTs you own and (*) they are based on the minimum suggested by prices which can be way lower than the actual prices.
Personal Gambling Dapp Portfolio
For a while it looked like things were taking off along with the bull market but the recent correction also got the dividend earnings down a bit. Still over 300$ last week for holding 5M SBET | 500k BFG | 2 Rollbot NFTs | 600k OWL | 25k SX | 26 DefiBookie NFTs | 10k WINR | 60k SCS. I'm still looking to diversify with other good gambling dapps that pay the losses or fees from the gambler to those holding a token. Anyone that has tips on this, please leave a comment below...
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using with some allowing anonymous betting with no KYC or personal restrictions...
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Play2Earn Games that I am Playing...
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