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RE: Pumping Profits with the DEC:SPS ratio
Good evenining, thanks for the mention!
I've only been trading for less than a week, and it's been more like "trading" since I've just been liquidating tokens that don't do much for me.
Although I have a bit of earnings from the short time I've been here, when it comes to doing "the fun stuff" I'm essentially starting from zero.
What's the difference between using SWAP.HIVE to buy SPS and participating in a DEC:SPS liquidity pool? If it's a great deal for someone with almost nothing, what's the minimum amount to put into a liquidity pool in order for it to be worthwhile?
Posted Using LeoFinance Beta
0E-8 BEE
It all depends my friend.... are you participating in the Splinterlands SPS Air Drops?
If you are, then the difference is:
In the Liquidity Pool- SPS gives you AD points, if you have almost nothing in it.
Ie. you have 30 SPS: holding SPS earns you nothing, on a daily basis.
If you swap 15 SPS into DEC, then put it in the LP- you'll get about 15K AD points, which is about 2 SPS/day.
Of course, $20 might not be your idea of 'almost nothing' but the ratios are the same- if you have $2, you'd get .2 SPS/day (which is $0.15/day on a $2 investment- not bad)
There's also, other advantages, to the LP:
Hedging
Appreciation
Rewards (BEE, SPS, SWAP.HIVE, etc.)
but those only really become apparent with size and time- I have ~2,300 SPS in the Pool and I only get about $0.01 in BEE each day- the big one, for me, is being able to get AD points on my SPS- that's HUGE!
I'm not participating in any airdrops actively, although the launch of SPK Network either by EOY 2021 or later in 2022Q1 will give all holders of HIVE something in the new token (LARYNX?).
USD 20 I don't have, but I may be able to save up for about USD 10 to participate in a liquidity pool. Even though I'm not a player, I can still invest in a pool such as DEC:SPS or something involving SWAP.HIVE. I'm trying to figure things out an focus on activities which earn more for me than delegations at the moment.
Recently I started using the
hive-engineandtribaldextags to earn BEE for posts involving Layer 2 tokens, and I discovered that earning BEE is more or less 1:1 with HIVE. This beats any other tokens I've been earning and staking (including LEO and POB). With this earnings boost BEE I have more options for things you and others suggest.Posted Using LeoFinance Beta
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