Status of Splinterlands Liquidity Pools…
I was scrolling through Splinterlands and notice there were some interesting opportunities with liquidity pools. The Apr on these are near 40% even with stable coins!
When we know DEC is now close or at peg for a while it is safe to say investing in DEC to USDC would be a low risk pool. Of course nothing is certain and I learned that first hand with Luna and UST.
The challenge to partake in the pool for me is that I need a ETH account and store funds in pancake exchange. On the flip side an easy 40% Apr is not bad. Furthermore by supplying to the liquidity pool more players can swap tokens into DEC which makes adoption to the game easier.
If we focus just hive pools there are still decent options.
I am saving up for the DEC to GLUSD pool as both are stable tokens to a certain extent. The most familiar one is DEC to SPS but I feel SPS has a ton of room for value growth and would rather stake for 15% Apr. if the liquidity pools Apr rose I may change my mine on the DEC to SPS pool. The pool gives 50% Apr but could potentially drop as more liquidity is provided. Liquidity right now in the pool stands at $600k.
Until next time thanks for reading!!!
I have plenty of other cards for rent! Just go on peakmonsters and check out the market place and if you are curious what I offer here is a link:
If You have yet to take part in playing this great game called Splinterlands please click on my referral link. It is free but in order to earn real assets such as cards and token you would have to invest in a starter deck or purchase game cards. Join the discord to learn more. Good luck!
THANKS FOR READING! CONTINUE TO PLAY SPLINTERLANDS!
you are right, investing in DEC and usdc will bring less risk, but I don't have any of them.
I didn't notice there were new pools, but I don't know if I want to get involved with Defi. It kind of went bad with CUB so I think I'll pass. The implementation is good though as it's better to branch out everywhere to get a larger user base.
I got burned in pools plenty of time but daily rewards here are in sps so really a good investment right now.
I have about $400 in DEC-HIVE for years, and I love those daily SPS rewards. And not to forget to mention the little BXT that comes on top/
😉
Tempting me to put some into pools too. Really into those stable tokens with DEC.
This is best for those who have to invest for a long period of time, if they stack things in this way, the number of coins they have will increase.
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Curated and voted 100% by Selection of the best articles about Games and eSports in Hive.
Congratulations @mawit07! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 82000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: