Splinterlands - My SPS Staking Strategy

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I have been staking SPS as aggressively as I could in the past couple of seasons. The goal was to get to 24k staked in order to partake in more events. That has come to fruition and now I have my sight set at 44k staked. This is close to doubling and the thought is to do as such as quickly as possible to again take advantage of playing higher reward events. Here are ways I accelerate my sps accumulation.

Liquidity Pools

Originally I have been providing my sps and hive in pool to earn hourly sps rewards. Since then my hive and sps amounts in the pool has dropped due to both tokens price dropping. On the flight side I get liquid sps daily that I spent on entrance fees to events or simply stake the amount to yield more sps.

Brawls Rewards

My guild is in tier 3 brawls so partaking in guild brawls allow me to earn nearly 60 sps each time. Although the earned sps is staked the amount exceeds what I could normally earn in an entire season f rank battles.

Ranked Battles

Ranked battle wins can help slowly accumulate more sps. Personally I feel these sps earned are not only the hardest but most time consuming of all. I mainly play the gold II and earn about 0.6 sps per a win. The earned sps dramatically fall as my capture rate goes below 85%. This whole method of yielding the most while playing the most isn’t really equating when it comes to rank battles.

Conclusions

My whole goal was to stake enough sps in order to earn even more through partaking in events. Reflecting back of I had simply held my sps in hbd or some stable coin and converted the coins to sps it would have been more than what I have now. why?

I have bought most my sps at the going rate of $0.07 which is almost four times to where I am now. My hope is long term sps rises in value and as long as I continue earning sps I should be able to accumulate more with greater ease.

Until next time thanks for reading!!!


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26 comments
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Just like that, the market has come down a lot, when the investment was made then the price was high and now price is down in every project. But no matter, as soon as the bull market comes, the prices will be up again. Everyone is now waiting for the bull market. I hope the bull market is not far away.

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It's not worth it to sell SPS at 2 cents, I hope everyone can just hold on to their SPS and keep building like you've been doing. Congratulations on that milestone, keep building and holding.

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Thanks and agree not worth it to sell sps at these low prices. Instead I would be a buyer here !PIZZA

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I shall buy more GLX tokens. I think it's a good price now, although it might still come down a bit. I still to claim my tokens from genesis !

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I don’t play Genesis so have more or less sold off my GLX tokens. Yet staking sps is earning me more GLX so maybe I’ll save some GLX from here on to see how that all plays out. !PIZZA

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I think staking is best way in this market situation to earn some money daily. I have also decided to buy some sps and staked it because all the assects of crypto is affordable prices due to bear market. I think bull market is coming anytime so never sale your single coin. Thanks for sharing your great strategy with us.

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Staking is definitely the easiest as we don’t have to do much after locking up the sps. Descent yields and plenty of other benefits such as qualifying for certain tournaments and glx air drop. !PIZZA

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(Edited)

i think its better to buy cards,packs than token, easier for me to understand why it will increase in value than sps.

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We are suffering a lot in the bear market.I hope we see this token very high in the bull market .It will definitely take some time to up. but it will definitely go up.

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I know how you feel and best thing we can do now is continue to buy. I think Splinterlands has more to rise !LUV !LOL

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Congrats on reaching your milestone. doing the same myself and also more glx to accumulate on the back of having that much sps

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I have been hearing more news that you might need staked SPS to get rewards in the game but it was delayed because it wasn't ready yet. From what I heard, it should be coming in the future when the nodes are actually run. I don't think it's worth selling the SPS right now due to the GLX airdrop.

Posted Using LeoFinance Beta

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That’s an interesting way of earning more sps in battles is by staking more. I can see both benefits and drawbacks but in all honesty I prefer to own more sps !LOL !WINE

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(Edited)

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