Splinterlands - What is the APR of staking Nightmare packs?

Hello all Splinterlands friends,

Last month, I calculated the in-game staked SPS in this post. If I follow the same method, the current in-game staked SPS dropped to ~ 29.35%.
The APR reduction comes from the downtrend of GLX price. Even though I get higher GLX each day but finally I got less SPS each day when I convert GLX to SPS. It's unavoidable with the high printing rate from Genesis League.

So I have a question about the APR of the Nightmare packs that I'm staking in the game. If the APR is better, I can buy more Nightmare packs in the future.

This is the database

  • I have 20 Nightmare packs
  • Each day, I got 1.681 staked SPS
  • The market price of a Nightmare pack is 5.67 HIVE
  • I need 96.73 SPS to convert to 5.67 HIVE or 1 Nightmare packs

Here is the APR = (1.681 * 365)/(96.73 * 20) = 31.7%

This APR is a bit higher than staking SPS.

https://images.ecency.com/p/2gsjgna1uruvGBHDnRaj2z6FsL6XEQR3pnqa26GnVmVnAuWZYsMrJSGhzQP6vcfEd13HxNQCTTv8jMb32M6FRjargxb7oqh8nGN4wrY4yvi2YJLsAn.webp?format=webp&mode=fit

Besides the Nightmare pack has a higher APR than staking SPS, I also consider other points

  • The APR will be reduced in the coming months (before the game launch) because there will be more packs bought and put in the Splinterlands. But the APR may increase after the game launch because players open the packs.
  • Soulkeep game is in the Beta phase. When it's officially launched, the need of Nightmare pack will be increased then its price also increase. Last week, I was able to buy some packs at the price 5 HIVE/pack and now it's 5.67 HIVE

So in my opinion, holding Nightmare packs is a good alternative option if you don't want to hold a lot of SPS. Or you also can diversify your portfolio with different Spinterlands assets to minimize the risk. I will buy more Nightmare packs and target to have 100 packs in 2023.
Please also note this is just my personal POV, not financial advice. Please do your own research before taking action 😁


If you don't have a Splinterlands account, join with me here https://splinterlands.com/?ref=sodom-lv



0
0
0.000
2 comments
avatar

Congratulations @sodom-lv! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You got more than 900 replies.
Your next target is to reach 1000 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

The Hive Gamification Proposal
0
0
0.000