Huge APY on pSPS | PolyCUB keeps gaining more Utility [Recipe for moon price]
When I first saw the pSPS, I had a childhood memory of the PPSSPP emulator that allows you to play PSP (PlayStation Portable) games on an android device, that aside when I first joined Hive I saw a lot of posts about splinterlands, which made me curious and since I am a game person I thought it would be easy and fun, plus it a play to earn game which made it cooler in my head and I decided to try it out, honestly I must say splinterlands is not as easy as it seems, mostly if you don't have the right cards to equip yourself or maybe its because I didn't know what I was doing or understand it because I got my a*s whooped a lot though. you earn DEC and CREDIT (NFT cards), while SPS is the governing token for splinterlands.
The Leofinance team has been working tirelessly to improve and bring in more developments on Hive, coming up with derivatives of the normal Hive Blockchain tokens and giving them great incentives like better APY than the normal Hive blockchain native tokens, pHBD was the first derivative token to be launched on the polygon network after the successful launch of polycub and it is paired with USDC stablecoin (pHBD-USDC), then 13 days ago pHIVE was launched and now yesterday pSPS was launched and they a both paired with PolyCUB. The polycub ecosystem keeps growing and at the same time polycub keep gaining more use cases which is good for polycub, imagine a scarce coin with lots of utility or use cases, that to me is a recipe for its price shooting off the proof or let's say recipe for moon price when the bear market is over.
Staking your SPS on the normal splinterlands website gives you about 50% APY and staking SPS on polycub gives you 193% APY although the polycub APY value will continue to vary from time to time and it might not be 193% APY at the time you are reading this post but it is worth it, but my question here is hope this difference in APY doesn't cause any issues between leofinance and splinterlands. Although it should not because it is a matter of choice and on the other hand both splinterlands and polycub will benefit from pSPS being paired with PolyCUB (pSPS-POLYCUB), because pSPS is going to bring more value to splinterlands, it's also a form of free PR for splinterlands and the splinterlands token SPS which also going to gain more utility. Both SPS the governing token for splinterlands and pSPS is on the polygon network.
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193% is huge. Even though
We all know that with time the apy will reduce but we should enjoy the massive apy while it last.
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I really wish is doesn't reduce, but the truth is it is inevitable.
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That APY sure is tempting! Right now I'm staking SPS within the game and also providing liquidity on Tribaldex which gives me airdop points that give me about 8 SPS daily...hard to decide.
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Hehehehe.... The APY is really tempting :)
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Very tempting
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Too much happening right now! 😂
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Yes lol... what to do? Take advantage of the opportunities
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Wow the offers you are getting already is amazing, I can understand why it is difficult to decide.
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Yeah, the Tribaldex DEC:SPS LP is worth about $80 and it's more than half of my airdrop points, so it is bringing ~4 SPS daily which is pretty good! Well, that fun is about to end in within 2 months...
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Have you started farming?
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Not yet, expecting something huge that I will used to buy and then stake, I bet you have started already.
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Not really. I just tested out the wrapping process. I'm unstaking some SPS that I'll use to start farming though.
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Oh ok, I would be worth it though
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I'm very interested in that APY, but the detail is that when I managed to completely remove my SPS from the Splinterlands Staking it might go down a lot, I also remember that the APY of splinterlands was high, but it was going down the same as the price, so I keep it allo until it goes up again and I achieve something really incredible.
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Very solid analysis. Sometimes factoring the price is important.
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Yes bro
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Well, although the <staking of sps may have a very low APY in these moemntos, the advantage is that I don't have to use any gas for staking, instead it is different in polygon. But the APY of polycub is good and makes up for it.
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That would be more advisable, so you don't lose at all.
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Nice, just as said, now it has been delivered
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Yes bro
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Staking SPS on splinterlands APR is higher now. There seems to be more people staking it now. But staked on Polygon can give you 193% APY. This will go down slightly when more people are using it. Still a very good rates !
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Many of these terms are so strange to me. How do I get started with splinterlands?🤔😔
Thanks!
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I'm not good at splinterlands like I have said in my post, but I can recommend someone I know he is good at it, I hope he doesn't mind.
@belemo is very good at splinterlands and am sure he can help you out.
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Thank you so much, @onwugbenuvictor
I'll reach out to him.
You are welcome man
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