Splinterlands play2earn game on the Hive blockchain is evolving sprint after sprint and new features are releases along with them. And one that captured my attention on the last release is the in-game Splintershards (SPS) Rental Market. As now SPS is used for the battle rewards in the form of a multiplier based on the amount of staked tokens, it was normal to have also a market for delegation considering that this will ultimately determine a growing demand for those unprepared for it or new players. While the SPS requirements for the ranked battle rewards are not negligible - SPS Staking Multiplier for Ranked Battle Rewards - I believe that the new Delegation Rental market will only increase over time.
After we enter Splinterlands we need to navigate to Splintershards -> Manage SPS Delegation and chose the Market from the header, right after the SPS Delegation Outgoing and Incoming.
SPS Summary
The SPS Delegation Market will start by showing a summary on your SPS holdings as:
- Total SPS = Total SPS Power. This is your current Staked SPS amount plus the Delegated amount to you and minus your Delegated amount to others.
- Available SPS = Available SPS for filling bids on the market. This is your current Staked amount minus your Delegated amount to others and minus any Unstaking amount.
Bid Orders
Below these we find the current market demands in the "Others Bids" together with your action on the market in the form of "My Open Bids" and "My Filled Bids". There players can request SPS Delegation and pay for it with DEC or Credits and need to take into consideration also the 1 DEC bid fee which will be burned. In the same time, all rentals on this new market are for a one week duration and cannot be removed earlier than that. In the same time as this is a first version of the SPS Delegation Market and more and improved features are being developed, players need to pay attention to the fact that all delegations need to be removed manually after the rental duration has ended with this initial release. Thus, the current SPS Delegation Market requires some management when doing operations on it. But it is quite promising, well designed and a new revenue channel for players that kept on gathering SPS like gold or honey.
Revenue Math
In my case, I have 38,662.115 available SPS to fill orders on the market. If I would take the highest SPS request on the market, but consider that the amount would equal the one that I have would mean a revenue of 38,662.115 * 0.009 DEC per SPS per DAY = 347 DEC per day. If I am to consider a peg value for 1,000 DEC = $1 to simplify the math, that would translated into $0.347 per day, $10.41 per month or $124.92 per year. Not too bad for a new revenue stream which could improve in time. I am quite excited by the new market feature and I am sure things will get hot when the bull market will hit us.