Holding DEC vs SPS pancake pool comparison
Clash of profit titans, with math! Pancakeswap.finance, a DEFI tool that's caught my attention recently. I've finally decided to learn how to use it for one reason alone: there's an SPS pool with 300~400% APR going for two months. That sounds great! It averages over 20% profit a month. So I sold my SPS to get some cake, the token you need in case you want to stake in that SPS pool. https://pancakeswap.finance/ Right now, I've got 13.7 cake staked in the SPS pool, which is around 200 USD. I'm getting approximately 1.5 dollars a day. But then I thought about it - is that any good, compared to the 32 SPS (~25 dollars) I'm getting daily on my Splinterlands crypto game account? After doing the math, it turns out it isn't any better. https://splinterlands.com/?ref=felipejoys If I get 25 dollars for 176k points, that's around 0.14 USD for every 1k points. Buying 200 dollars worth of DEC equals 25k DEC/points, increasing my SPS airdrop by 3.5 USD - over twice as much as in the pancake SPS farm pool! That's why, as I publish this post, I'm trading my cake back to DEC. It seems holding DEC and playing ranked are the best options. Wait... Wait...! EDIT: I had written another paragraph about transferring back and forth between the two options, but DEC is accounted over a span of 24 hours, so moving DEC back just in time for the airdrop is a really bad strategy.
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