Splinterlands & CUB: A Pretty Good Pair

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Unless you've been hiding under a rock the last few weeks you've obviously heard about what's been going on with Splinterlands. Prices have been skyrocketing on pretty much anything to do with the game. Land, cards, dice, packs, DEC, SPT, SPS....all of them have gone up multiple x's over the last month.

I was fortunate enough to see it coming to a certain extent and I bought a nice chunk of both DEC and SPT on the open market before it started taking off. Little did I know the airdrop was going to be this successful as well. While I can't imagine the price can climb too high with 1M new tokens being dropped every day, I can see the value in holding them long term.

Splinterlands is just getting started. The fact that it's starting to break into the mainstream is, as I said, only the beginning. There is a lot more development coming to the game and regular gamers are just starting to pick up on the fact that they can actually make money, real money, just playing a game. This thing could seriously 100x from here. Whether that translates into 100x on prices remains to be seen but, either way, it's definitely headed in the right direction.

The exciting thing, in my mind at least, is what it could (and probably will) do for the rest of the HIVE ecosystem. With all the new users being onboarded, eyes are going to make their way to other areas of Hive as well. Plus, and maybe more importantly, game devs are certainly going to want to figure out the secret to Splinterlands success so they can duplicate it and, guess what? The Hive blockchain is behind it all. Lots of reasons for optimism here on so many different levels. Things could get crazy.

In the meantime, I discovered a nice way to play this that seems like a complete no-brainer. I took my DEC and staked it in the DEC/BUSD LP on Cubdefi.com. Why is that a no-brainer? Well, for three very good reasons.

  1. Adding DEC to the qualified LPs doubles the points you get for the airdrop. I'm loving my little chunk of SPS every day. Pretty sure I'm going to love getting double even more.
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  2. Pairing DEC with BUSD while DEC is high seems like a pretty good hedge. If DEC drops back to more normal levels, the LP will sell some of the paired BUSD and buy more DEC to rebalance. So, I get more DEC and thus more airdropped SPS which will more than make up for any loss in value from the drop in price. If DEC somehow keeps climbing, well, I'm still getting twice the airdrop points which will make up for any DEC I lose, plus I'll be gaining value on the non-fixed asset in the pool. I win either way. And, oh yeah.....
  3. I just happen to be getting a 25% return paid to me in CUB at 60 cents. Seriously, Win, Win, WIN!!!

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I'm not telling anyone what they should do with their money but this certainly seems like a pretty sweet little opportunity to me. I've put my money where my mouth is. Up to you whether you want to come along for the ride.

Now all I have to do is figure out how to play the stupid game.....

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11 comments
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Certainly a very nice strategy! I'm trying to avoid FOMOing in hard but it hasn't been easy with all the amazing reports I'm seeing LOL

I'll take some time this weekend to study my options properly and try to make an informed decision. But I'm damn sure leaning to getting on board asap!

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Oh hell, dive in head first! It's a fun but addicting way to make money. Besides, I need a partner to help survive the learning curve. I'm getting worse at it instead of better.

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I'm afraid of the game. My first quest was Fire and I breezed through it going 5/5. My second quest was Earth and I think I went 5-7, 12 games before I completed the quest. My ranking points actually ended up a little lower than when I started. My third quest is also Earth so I'm starting to look at how I can improve my deck before trying to tackle it again. A couple of my opponents seemed to have much stronger cards than I did....

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I got two stronger cards when I opened the 5 chests this morning. Also got 186 DEC. I'm not afraid of the game and I accept the facy I presently suck at it!

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Do it. If you break down the numbers, it really IS a no-brainer. I get it if you're not in yet at all and are trying to decide where the best place to put your fiat is. As always in crypto, there seem to be 10 different things that all seem like great buys and deciding which one can be difficult.

For my 2 cents, I've got the positions I want to PAY for already in CUB, LEO, and HIVE so DEC is a good opportunity to diversify a little and yet still keep adding CUB. If you want to get involved with Splinterlands, this just seems like a really good way to do it....

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We have the same problem when it comes to playing the game, but we are using the same investment strategy and reasoning with respect to the DEC token.

Did you vote on the Twitter poll for a SPS-BNB Cub Kingdom? I did and I seriously hope to see it.

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Yes, I didn't vote on the poll because I'm pretty anti-Twitter but I think it would be a great idea. I would have to see how the numbers would break down first as, like somebody else pointed out in LMT, staking your SPS on CUB would mean you're NOT staking your SPS in the game so you wouldn't be getting more SPS, you'd be getting CUB instead. Like I said, I'd have to see the math first to see which is better.

I love that CUB has already tied itself to this game and maybe another tendril would bring even more benefit to both sides.

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They could do with SPS what they do with DEC and have the SPS in the Kingdom count toward the airdrop. Now that would be freaking awesome!!!!!

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Nice little idea about the LP pool. I think I will probably just hold onto my DEC on my account instead though.

Well the game itself is kind of tough without some good cards. I tend to use the same setups with minor changes for most of my fights.

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If you're not spending your DEC then I guess I would ask why? If you join the DEC liquidity pool you get almost double the SPS. Plus you get CUB. Seriously, it really is a win, win, win situation. And if DEC goes down in price then you get more SPS in the airdrop. There really seems to be zero downside to this move and lots of upside. I'm actually strongly considering buying more DEC to put in the pool....

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I'll see if I can move my DEC over there for my monthly add later. I do have quite a bit of DEC sitting around but I don't feel like swapping some for BUSD so maybe changing some LEO into BUSD is a good idea.

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