Holding DEC vs SPS pancake pool comparison

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(Edited)

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Clash of profit titans, with math!

Pancakeswap.finance, a DEFI tool that's caught my attention recently. I've finally decided to learn how to use it for one reason alone: there's an SPS pool with 300~400% APR going for two months. That sounds great! It averages over 20% profit a month. So I sold my SPS to get some cake, the token you need in case you want to stake in that SPS pool.

Right now, I've got 13.7 cake staked in the SPS pool, which is around 200 USD. I'm getting approximately 1.5 dollars a day. But then I thought about it - is that any good, compared to the 32 SPS (~25 dollars) I'm getting daily on my Splinterlands crypto game account? After doing the math, it turns out it isn't any better.

If I get 25 dollars for 176k points, that's around 0.14 USD for every 1k points. Buying 200 dollars worth of DEC equals 25k DEC/points, increasing my SPS airdrop by 3.5 USD - over twice as much as in the pancake SPS farm pool! That's why, as I publish this post, I'm trading my cake back to DEC. It seems holding DEC and playing ranked are the best options. Wait... Wait...!

EDIT: I had written another paragraph about transferring back and forth between the two options, but DEC is accounted over a span of 24 hours, so moving DEC back just in time for the airdrop is a really bad strategy.

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15 comments
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Great work, I hate fees , when I got into defi everything had a damn fee!

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(Edited)

Optimally, you should use 10k+ usd or a year-long investment if you're going into defi.

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Hmmn nice analysis! Thanks for the information. Left to me, I’ll pick the DEC too.

Posted Using LeoFinance Beta

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I didn't think the difference was this big. No wonder we see 1000 DEC at 8 dollars.

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So do you recommend just keeping your DEC instead of using the pancakeswap?

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If you have to choose one or the other, yes, keeping DEC is the way to go. Variety is always key if you can afford it, though. Variety decreases risk.

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Quite surprised to see you just at 176k points. Have you sold most of your collection?

Though about you kinda as splinterlands whale compared to me... Just several high-performing single color decks?

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I've never had a large collection. There were a lot of debts to be paid and food to buy. That's why it's taken me a few years before finally getting a little financially comfortable.

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