I have been building my SPS stake for a year now with a goal of 100,000.
Today, I reached my goal.
I will put this in the win column, even though I expected the value of the SPS to be much higher when I started a year ago. Most of my SPS goal is a result of owning cards during the last airdrop. Knowing that the bulk of the 100,000 of SPS was the result of gifting from Splinterlands helps soften the pain of the drop in value of SPS.
Card values have also taken a hit, but not at the same level as SPS in the last year. But let's get past the pain, and celebrate the milestone.
100,000 SPS generates a daily return of about $4 in GLX, SPS and vouchers.
What should I do with that daily dividend payment?
Option 1: Move it to HBD which is paying 20% interest and continues to maintain $1 value per 1 HBD.
Option 2: Buy land plots. It will take half a year to save up enough in dividend income to buy a plot at the current cost of $138 a plot. Maybe store the dividends in HBD for a half year and then buy plots?
Option 3: Buy more SPS. That will generate more GLX, SPS and vouchers, but all of those are declining assets.
Option 4: Buy some cards to play Splinterlands more often. Card values have been on a drop, but Chaos should be sold out this year. More cards to play could be a time sink. Game rewards seem to be less valuable lately.
Option 5: Convert SPS dividend to Hive and power up more Hive. Somewhat speculative, but Hive should rebound right? And if it doesn't rebound, then I will be dollar cost averaging the purchase of more Hive. The extra HP will return some dividend in curation rewards.
Option 6: Liquidity pools have high APR. Since I am receiving SPS and Vouchers as dividends, I could put those in a pool. The highest paying pool is PKM/SPS. The people at @peakmonsters are doing a great job for cardholders. Adding to the PKM liquidity pool will result in DEC, SPS and I think PKM rewards.
What suggestions do you have for the $4 a day in dividends from staking 100,000 SPS?
I remain bullish on Splinterlands. I think the game has long-term legs to outrun the bear market for both players and investors. That said, always remember Free advice is worth what you paid for it!
If you want to play a great Play 2 Earn game, use my referral code for 5 free cards delegated to you for the first 30 days and a bonus of 5 free cards given to you if purchase a Summoner's Spellbook https://splinterlands.com?ref=methodofmad
If you use my referral code, drop me a comment in one of my posts. I check Splinterlands but I will see a comment faster! Play to earn rewards in Splinterlands. Stake and stack your rewards to reach your SPS goals.
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