Buying cards and building a passive rental income source in Splinterlands

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I was unsure how to proceed with my DEC in Splinterlands but I finally decided to buy cards and rent them out for a return. We all know Splinterlands prices have gone up quite a bit but one of the best ways to earn is to use the current rental system.

Why I am using the rental market?

I did move some DEC over to CubFinance in the past but my DEC has already started to build up from then. First off I just didn't think the earnings over there was that great. Compared to the APR from the rental market and the fact that I don't have to deal with impermanent loss makes it much easier.

When I saw some posts like this about how rental income was increasing over time, I decided to also buy cards and rent them out. While I can boost my collection power and my deck, I am satisfied with my current rank and rewards from playing matches. However I don't always have the time to completely use up my dark energy capture rate so I feel like I am losing some income from doing so.

I also want to make sure I am making the most of my time and that I would get back as much cash as I can from using this. To note, I know that this will decrease the SPS I get from the airdrop but I think in the long run, it will be more profitable.

Buying cards (monster market)

The revenue generated to the game or the platform selling the card is 5% usually. So I really like monster market because any purchases you do here will net you back 60% of their revenue or a total of 3%. So any purchases you do on this site will only cost you 97% of the cost compared to buying directly off the Splinterlands or Peak Monsters.

11-15 market history.png
Above you can see my market history on monster market on the cards I bought recently for my rental strategy. I decided to focus more on a few legendary and gold foil rewards cards right now.
market history details.png
Now if I expand the details a bit more, you can see exactly how much I received back for my purchase. As you can see, I already got back 3% of what I spent.

Managing Rentals (Peakmonsters)

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I didn't screenshot my rental income before this but it has definitely increased by over 100 DEC per day if everything was fully rented out. Before this, I believe my income was around 320 or so DEC per day if everything was fully rented. All the screenshots in this section are gotten from Peak Monsters.
Djinn rental.png
The prices are a bit sporadic and I might fix them up later but Peak Monsters gives you a very nice interface to see the card, APR how it compares to the current rental prices on the market. So I find it much easier to keep track of everything going on and I can adjust prices when I have time available to me.
set up rents.png
You can also see the price of cards and set things in bulk using their rental menu. They give you a lot of different options available to choose from so I prefer this over listing every card individually in the normal Splinterlands menu.

Conclusion

I want to put my DEC to work and the return will obviously be in DEC. I understand that DEC might not be at the peg forever but it ensures me a steady stream of income even when I am busy with real life. I still have some DEC left that I will be putting to work later but I am trying to decide if I should diversify the cards a little bit more.

Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.

Posted Using LeoFinance Beta



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20 comments
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Nice job. I have a large portion of my deck rented out as well. I keep just enough that I can get up to Gold II and then I can't to much beyond that. I'd like to be able to move up into Gold I again, but it isn't a huge deal. I am making a good daily income on the cards.

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Yea I have something similar. I am fine with landing towards Gold II towards the end but I am not really worried about moving forward. It just seems better for me to focus on passive income because I might not always able to use up my Dark Energy Capture rate.

!PIZZA

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I like your strategy. You could put your DEC in LP's but then the income will go down over time. What I like about rentals is that you own assets that might gain in value over time and at the same time they produce an income. In a way you can't lose. Worst case you sell your cards for a higher price at a later stage.

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Yea and I made back some of my costs through Monster Market and rentals. So at worst, I still think I will win out on DEC in the end.

!PIZZA

Posted Using LeoFinance Beta

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Good to see you taking the steps to set up a passive splinterlands income.
Monster market is a good shout sinc e you ge the cash back. It adds up over time and with bigger buys.

I think its worth paying for better cards that will grow in value over time. The common don't do great and even from the beta cards haven't risen much.

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Yea it definitely adds up over time. The cards I bought are renting out quite often and I choose gold foil rare and normal legendary cards due to your posts.

!PIZZA

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I want to put my DEC

I have started renting cards and truly amazed with the ROI's

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Yea the ROIs are definitely amazing. Of course there are down-times with the rentals because sometimes the cards will be on cool-down as well.

I am currently using the DEC I earned in-game so it's not like I am using fiat so it's all profit in the end for me.

!PIZZA

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(Edited)

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This is a nice strategy, I will love to know more about this strategy.

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It's basically spending some DEC to buy some cards just for renting out. Of course you need to pick out which cards you want then just list them for rent.

!PIZZA

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I will this strategy soon and see how lucrative it is.

Posted using LeoFinance Mobile

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It depends a bit. For me, I was considering my returns in DEC rather than Fiat. So I think it's much harder for me to lose out.

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Didn't know renting Oshannus provides around 120% ROI!
I do know GF Wavesmith provides decent ROI but still expensive.

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Yea both of them are great choices for rentals since they are very useful. I see a lot of water teams using both cards and I have to say, its quite tough to beat them sometimes.

!PIZZA

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Oshannus + wavesmith combo is insane and impossible to beat with starter deck for sure
Even some bots are abusing it.

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