Hello Gaming Warriors!
How are you all? I hope you are blessed and well. In today's post, I will share the SPS rewards from the Liquidity pools rewards of DEC-SPS and SWAP.HIVE-SPS pairs and will reinvest these SPS in the pools or will stake them to increase the staking SPS in my account.
|LIQUIDITY POOLS REWARDS |
It has been a long time since I last checked my liquidity pools' rewards, so today I went to the SPS dashboard and from there I checked the pools' rewards. I currently have two pairs of SPS liquidity in the pool with DEC-SPS and Swap_hive-SPS pairs. The APR is still good from both Pairs. One pair gives 9% APR while the other one gives 15% and total Claimable SPS rewards are 500+, which is enough from the pool's rewards that work like passive income to generate rewards from your investment on da aily basis, so I am going to claim it and will decide to add it again to the liquidity pools or will stake it.
|CURRENT SPS STAKE |
Well, here you can see the current stake of SPS in my account, which was 100k+ before, but I sold half SPS when the price was up and was aiming to buy it back when the price gets cheaper, but my strategy did not worked and failed I put that money in trading and lost it in the last 6 months I lose almost $8k in trading. Many of you guys will be thinking that why I have less SPS while I shared a snap of my stake two months ago I had 121k SPS in staking so that is why I have only 63k Stake left now while I bought those SPS for making 100k Stake two or three years ago but the trading kills my dreams and ate everything luckily I have 63k Stake and will grow it slowly and will not going to unstake it.
|ADDING STAKE |
Well, I just staked the claimed SPS from pool rewards, which I reinvested as I was adding it to the pools back, but that requires some DEC and Swap. hive, so I added it to stake, which will help me to increase the stake and reach the goal of 100k SPS quickly. Once I am debt-free, I will buy the SPS I sold, and the next goal will be 150k once I get back my lost SPS.
|LIQDUITY POSITIONS |
Currently, I have two liquidity positions that are generating daily SPS for me and helping me to increase the Stake slowly and steadily. Later, I will increase the liquidity once I earn some SPS and DEC. The SPS and Swap. Hive Pair is giving a decent APR, so it will increase the liquidity in it, while the total worth of liquidity is 150$ round about, which is not bad.
There are many ways to earn SPS and grow your stake.
| STAKING|
- The easiest way to earn more SPS from the staking rewards is to buy SPS and stake it in your in-game account, which will generate more SPS as staking rewards based on the current APR.
| BATTLES |
- If you have enough Cards and Summoners and want to play battles, then you can earn SPS from it. The more battles you win, the higher you can earn SPS from battling, but remember, for that, you need to stake or lease SPS from the rental market and buy cards for playing ranked battles.
| LICENCE NODE|
- Also, you can increase your stake with the help of the licence node. You need to buy it from the market, or better to buy it from the Hive-engine at a cheap price and stake it to generate more SPS
| POOLS|
- Adding liquidity to the pools can help you to increase your SPS stake, which will earn some SPS as a reward when you become a liquidity provider.
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Thanks for visiting my Blog
Best Regards @moeenali
learning failure and success in the same road together