Hey all y'all!
So the question is: what should I do with the SPS I receive from staking rewards and daily airdrops? While I like seeing the SPS tick up from staking rewards more than getting a daily drop, I have to go with whatever option is economically more beneficial. I've seen other players do their own calculations and they vary greatly, so I decided to see what my own numbers are saying!
While other portions of your collection contribute to your airdrop, the most straight forward way to calculate it is to see that each DEC you have gives you 1 ADP (airdrop point). A lot of veteran players have a majority of their ADP coming from their large card collections. I'm new to the game, so most of mine are in DEC.
This is the reward I received for yesterday's airdrop. As you can see, my total ADP is 62,513 and I received 9.783 SPS.
Looking at the Hive Engine (as that's where I can trade easily between SPS and DEC) current market prices have SPS at $0.3896 and DEC at $0.0076. By dividing ($0.3896 / $0.0076) we find that currently, 1 SPS can be converted to roughly 51.263 DEC. So for my 62,513 ADP I received (9.783 * 51.263) about 501.506DEC worth of SPS. This translates to a 0.802% return on my ADP today. Without compounding the rewards, if I just let them sit and claim in 1 year, that's a whopping 292.73% APR !! Almost double the estimated 155.67% APR staking the SPS is giving me... which has only gone down since I joined (I think because more SPS is being staked each day?) and was around 175% APR a week ago.
There's a lot I don't know about this game, like how much staked SPS will get you how many vouchers for card packs. I also find that if I have DEC sitting in my account, it is VERY hard not to spend in the market. So there are certainly other factors to take into account. I ain't your financial advisor. Do your own investigations and find out what the best option for you is.
That said, I'm taking every airdropped SPS I can and trading it for DEC with Hive!
Cheers!