ADDING MORE LIQUIDITY IN SPS POOL TO COMPLETE MY 100K SPS GOAL

in Olio di Balena2 years ago

Hello Splinterland Players!


LIQUIDITY POOL


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SPS is the primary Governance token of Splinterlands and currently, SPS is very cheap so buying at this price will be great for you as I have already bought 20k SPS this week and will buy more but I have decided to add some more liquidity in the pool to get more SPS and the APR of liquidity is higher than SPS staking. The current APR of SPS liquidity is 39% while the SPS staking is 21% but staking is a bit safer and more profitable to get the GLX airdrop while if invested $500 in the liquidity pool i will get extra SPS from the pool but less GLX airdrop so that is why i bought SPS and staked it and completed 82% of my goal.


ADDED MORE LIQUIDTY


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Well, i got some SPS from the staking rewards and pools rewards nearly 300 SPS, and some i bought so the total SPS i accumulated was 680 which I added to the liquidity with 40 hives. My total investment in the liquidity pool is currently $318 as you can see above with a total of 7k SPS and 400 hives so i can easily complete my goal of 100k if i remove this liquidity because 82k SPS is already staked and i can easily make 14k SPS if i remove the liquidity so 82k+14k=96k only 40k SPS will remain but i will increase the Liquidity of SPS to get more liquid SPS because of its high APR of 39%.

All images are from the Splinterlands website

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Thanks For visiting my Blog

Best Regards @moeenali

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