In my previous blog I explained why I don't stake SPS to get Chaos Legion vouchers in Splinterlands. Now I want to tell you why I don't stake my airdropped SPS at all.
At the moment I have a total of around 25500 airdrop points, mostly from DEC and partly from cards I own. This yields me roughly 3 SPS from the airdrop each day.
I calculated that if I stake those SPS together with the daily interest (APR) I will have earned around 638 dollar at the end of the airdrop period.
But if I continue to swap my daily airdropped SPS for DEC and add them to the DEC amount I have in my Splinterlands account then my total earnings will grow to a whopping 1400 dollar.
Not only will I profit more but I also don't have to worry if the value of the SPS token will drop when large amounts of SPS will be unstaked as soon as the pre-sale period is over.
As I am not a financial expert, tell me if you think there is a better way to invest those airdropped SPS.
Tip: if you plan to follow my route: in BeeSwap you can swap SPS for DEC directly in stead of using Hive-Engine where you have to swap SPS first to Swap.Hive before you can swap to DEC.