Hey Splinterlands Fans
So the land pre-sale has come and gone and there's still about 60k plots left, if you didn't buy in the pre-sale, you could have at least doubled your money just by purchasing at the reduced rate.
If you wanted a little extra, you could become a LP provider on uni swap for DEC which is the option I took. I didn't think much of it, but I thought I'd give it a go since it gave me an excuse to mess around with UNI.
I recently saw @miniminings summary here so I thought I'd check out my returns and give it a go too.
Investment:
On the 03 Oct 2020, I decided to jump into the Uniswap pool as a liquidity provider and score myself some Land Tokens for the upcoming pre-sale. I am not that nuts about investing in a game so I didn't risk too much capital
- ETH added to UNI - 0.146327702406678474 @ $345.91 - $57
- DEC added to UNI - 64,800 @ $0.00088 - $57
Transaction details here
Return:
It's now the 05 January so a little over 3 months in the pool and the pre-sale has finally come to an end dishing out its final rewards for the promotional period. The rewards will still continue for LP providers going forward which I intend to collect since I don't see the point in removing such a small amount of liquidity
So what was my final haul like?
- 4 Plots @ $20 each - $80
- 70 Raffle Ticket Tokens @ $0.319 (According to Hive Engine) - $22.33
- Uniswap ETH: 0.0924994 @$1,043.26 - $96.50
- Uniswap DEC: 10 4063 @ $0.00088 - $91.57
Total return: $290.40
I'd say I spent around $15 on fees and conversion from Fiat to ETH, to picking up DEC and setting the entire thing up, so I'll add that to my $114 and make it around $129 invested in this trade.
That's a return of $161.40 in a 3 month period or a %125 ROI for the period,
If we take that over a year it would work out to around a %500 APY.
Pretty nuts if you think about it, knowing this, we always think ah I was too conservative and I should have invested more, we all have that kick in the butt from hindsight but overall I think it was a pretty good decision.
Granted my returns were boosted by the insane run ETH is on at the moment, but still, numbers are numbers, they don't lie!
What were your returns like?
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
Let's connect
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