Splinterlands - SPS Delegation & Earning Passive Income Stream - Lets Explore...

Hey All,

Refere my last post around my current #SPS stake which is around 450K+ SPS staked that is giving an APR of above 9%. Here is the detailed post that can be referred - Splinterlands - SPS Staking 450K+ Staked. Right now due to lack of time, I have further went ahead delegating all of my #SPS for #DEC which is another in game currency of the game Splinterlands. I am leveraging the game portal itself for delegating the SPS. The following image showcases my 450K SPS being offered at the asking price in the market which is around 0.001 DEC per SPS per day..

Splinterlands - SPS Delegation & Earning Passive Income Stream..

Its upto the person to create offer based on the market price i.e. people willing to take the delegated SPS OR at a price of your own choice. But then if you create an offer of your choice you will need to wait unitl someone comes and accepts the offer but untel then you will not receive #DEC till the offer is accepted. Once you have setteled for the price next comes the confrimation and here is the screen that poped up for me when delegating 450K SPS..

• Gross Income 3150 DEC
• Market Fee - 126 DEC
• Burn Fee - 63 DEC
• Net Income 2961 DEC

Yes, there is a fee that needs to be paid and I guess all of this is good for the game. Also there is burning of DEC happening so all good till here. Since I went ahead creating offer based on the market price and once I confirmed the transaction my offer was immidiately filled.

Yes, I got that 2961 DEC in my in game wallet and now it was ready to be swapped for any second layer #HIVE tokens. I choose to swap it for SWAP.HIVE so I got around close to 16 HIVE and I leveraged tribal dex here for the swap of the tokens here.

Now I have my delegated #SPS locked for 7 days and after that I can again make an offer to earn more HIVE or any other token of my choice. So you see how a passive income stream has been generated for me from this stake of 450K SPS. Also since the SPS is staked that is also compuding at an APR of above 7%..so all good. But only one thing that hurts is the current price of the tokens...for which we dont have contorl and all we can do is either build our stake or take some hastey decision of selling out our stake for a cheaper price..the choice is yours.. Well this should be it for todays post on - "Splinterlands - SPS Delegation & Earning Passive Income Stream - Lets Explore..." And for now just BUILD & HODL onto your SPS tokens grab as many tokens as you can before its too late & thank me later... Happy Gaming & Investing...cheers

#sps #stake #splinterlands #hivegames #strategy #liquidity #stakingpools #goals #plans #delegation #rewards

Have Your Say on SPS overall...

Are you mad over SPS? What is your strategy for SPS? Are you buying the Dip? Continue to Stake or plan to exit? Let me know in the comment section below...

Image Courtesy:: splinterlands, procanva licence version, ChatGpt

Best Regards
Paras

PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I have a personal interest in blockchain, stocks, and cryptocurrencies and actively invest in emerging projects.