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RE: What Am I Doing With My SPS?

in LeoFinance3 years ago

You're absolutely right, the staked SPS is nice with its 32.76% APR, but it can be much better. However, looking at the SWAP.HIVE:SPS diesel pool (I suppose that is the one you wrote about), it says the average APR is only 1.115%. Is that all? On the other hand, putting it into the SPS:SPT pool would bring in 156.75% average APR.

Does this make sense? Or did I look at something completely different?

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You are looking at the APR displayed by Beeswap. When you stake in SPS.HIVE pools, you will get rewards with avg APR & BXT APR as shown in screenshot you shared. On top of it, you will also get these rewards in SPS with 83.26% APR:

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Source: POOLs TAB in SPS Wallet, Splinterlands.com

So your ROI is much more than 32.76% which you get by simply staking SPS in the game.

Posted Using LeoFinance Beta

Okay, so that's how it works! The same pool, but with an extra SPS reward... by the game I take it. That makes is more than worthwhile! Thanks for clearing that up.

Yes, that's exactly how it works. Cheers mate, enjoy :))