What I Plan To Do With Rentals?
The total daily rentals is astonishingly low relative to how many cards are out in circulation. Based on Splintercards.com their data is showing a little over 68,800 active rentals that result in about $338 in daily rental volume. I personally have ~200 DEC earned daily on my rentals.
I had personally lowered my daily rental costs in order to rent out more cards which is currently working in my favor. With more DEC earned daily in hopes to bring up my passive income. As of now I am renting 75 rentals daily.
I am rethinking my plan about renting out cards seeing how small the market is relative to the whole market.
My plan was to purchase cards with high rental rates but knowing the rates are not sustainable and that most rental cards sell at a premium I have now focus more toward simply stacking SPS and earning liquid SPS at over 10%.
I can use the liquid SPS to either invest into new cards or grow my staked SPS but at least I am earning liquidity which is partly what I am seeking when thinking about card rentals.
Have you thought about how to earn more liquidity in the game lately?
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!
I used to use Splex to rent out my cards and that worked fantastic until it didn't anymore. I guess this started with that 1 DEC per transaction thing and also the lowering of the rewards which kind of killed the incentive to rent cards. (bummer indeed!)
I now just have my SPS staked, my 1 plot of land for grain and my license node that gives me SPS but that is also nearly nothing...Nehhh it aint earning big at the moment
wow a license node is huge investment. I think that will work out in the long run.
Yeah I have had it for a long while now so in terms of SPS that it produces per day I think I have already got the most costs out of it. Bummer that the SPS price tanked so much only
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