On Friday President Trump spoke of retaliation against China on trade war and markets took a noise dive. Whether it was equities or crypto markets it all went south. With that Hive also drop in value and pulling with it other secondary tokens on the ecosystem.
With DEC designed as a stable token it was able to rise in value against Hive by a decent amount. With that in my I decided to liquidate my DEC liquidity over on SPL Trader and swap it into Hive. I bought most of the Hive at a rate of 0.00415 Swap.Hive per DEC. With that I swap out the Hive and staked it.
I am not close to a K of 1 which is one of my end of the year goal. I am exceeding hopeful in Hive that I basically took out all my liquid DEC including in game land production to try to capture some of the DEC upside relative to Hive. Basically try to arbitrage if and when DEC value falls back down relative to Hive. That being said I have zero DEC now therefore no production of resources and no daily passive income in DEC.
On the flip side I have over 6k HP in voting power and will decide if I want to delegate it to earn passively or use it to earn more HP. However I am certain now as long as I keep my Hive staked I will reach K of 1 or even under before end of the year.
With today's staked Hive I am rank 523 in most HP staked according to HiveBuzz.me
I look forward to diversifying my investments in both Hive and Splinterlands.
My other year end goal is to have 250k SPS staked.
With my DEC conversion to Hive I still have some remaining liquid Hive ready to trade if Hive prices recover. I may through it into SPS for assisting me in reaching the 250k target. Yet ideally I want to invest back into my land production so I would not be wasting my land plots and workers for too long.
Meanwhile there are updates in coming week regarding new set of reward cards from Splinterlands. Unfortunately for me it means I can not add to existing rewards epics and legends as I have not earned Glint for the past several seasons. On the flip side it will be nice to see new set of cards entering the Splinterlands ecosystems.
I like the potential of certain higher rarity cards if won in rewards cards they can immediately be swap between players or traded. The need for unlocking cards are still implemented but not to all cards, but interesting enough it will require Aura to unlock. Good timing for me as I have land plot ready to go with Aura production. All I need is some liquid DEC to stake.
If you want to read more about the new cards coming soon link from official Splinterlands post here:
https://hive.blog/splinterlands/@splinterlands/the-conclave-arcana-reward-set-a-new-era-of-ranked-rewards-and-distribution
Posted Using INLEO
It's interesting to see that aura is being used to unlock cards. I wonder how the next set will go even if I don't plan to unlock any cards.
I also buy DEC so is it good time to buy more DEC ?
I've been delegating about 1,000 Hive to @bdvoter for a long time. They are good because they give you daily Hive and huge LIKES if you write good Splinterlands content.
Posted using Splintertalk