What Do You Do With Your Earned DEC on Splinterlands?

Before I go into the main topic, I want to say I'm writing this from the new splintertalk.io interface, which is pretty cool. It's been a while since I wrote a post from a different interface than LeoFinance's.

SplinterTalk and Palnet seem to be the early adopters of the new Tribes 2.0 interfaces nicknamed Outposts. Maybe there are others I haven't remarked in my quick check.

The new major version of the tribe template looks like a good leap forward compared to the old condenser clones. Maybe this way people would love using them for a change.

But I'm digressing. I'm not doing a review of the new interface here.

I want to talk in this post about DEC rewards and what you do with them currently.

Splinterlands - Dark Energy Crystals

There are a few options I can think of:

1. Keeping DEC Liquid In-Game

Gennerally, I believe there are better ways to use your DEC, but let's look at some pros and cons:

Pros:

  • convenience: you don't need to move it anywhere from your in-game balance
  • short term, you can build the balance up for various expenses you expect (like in a current account, for guild contributions, to buy cards/packs or to move it to a pool)
  • you still benefit from the SPS airdrop on the DEC held in-game
  • you don't pay any fees (like for BSC operations, or worse - Ethereum)
  • if DEC price goes higher, you win

Cons:

  • if DEC price goes lower, you lose compared to other options (like DEC-BUSD pool)
  • you don't benefit from additional incendivization rewards

2. Keeping DEC on Hive-Engine

The pros and cons are pretty much the same as above, except if you want to take advantage of arbitrage opportunities. Pay attention, DEC in sell orders does not count for the SPS airdrop!

3. Keeping DEC in Your Metamask Wallet

I know LPs are considered for the SPS airdrop. Not sure about DEC held in Metamask, that's why I consider this only a transitory path to/from a pool.

4. Keeping DEC in an Incendivized Pool

There are a number of incendivized pools featuring DEC already. Most of them are on TribalDex, but there is also the DEC-BUSD farm on CubFinance. Is there still one on Ethereum incendivized?

I use the latter, I haven't had the chance to look carefully how the LP reward system works on TribalDex yet and what are the APR/APY. But the former should have the advantage of no fees, compared to BSC.

If you choose to go into a pool with DEC, choosing the right one for your strategy is very important. That's because the impermanent loss can work in your favor or against you, depending on what your goals are and how the two assets fluctuate until you need them. That's why the asset you pool DEC with should be very well chosen.

5. Buying Cards

This is an obvious method to improve your deck and grow in this game. I used to buy cards with my DEC earnings and I will continue to do so. Who doesn't like reinvesting earnings to grow his or her account? But currently I'm on hold with this option, I prefer saving for the Chaos Legion.

6. Buying More SPS Tokens

The SPS tokens have introduced a new dynamic in the Splinterlands economy. From a one-token economy, now Splinterlands slowly transforms in a two-token economy.

And SPS is the yonger child which gets all the attention. Do you use DEC to buy more SPS? Or maybe the other way around?

The interesting part is that from the SPS airdrop perspective, DEC is more profitable than SPS itself.

Staking SPS currently offer ~146% APR, while on PeakMonsters we can find out the "DEC APR from SPS Airdrop" and that's ~235%.

To me that means that holding DEC (liquid or in a LP) is currently worth it. I don't sell SPS to buy DEC though.

7. Taking Profit

Taking profit is one of the simplest rules in investing. And DEC earnings is a simple way to take some profit out regularly, not through card or land sales, which is a separate deal. I used to have a rule to take out a small portion of my DEC earnings every season. I kinda forgot about it, but I'll need to reinstate it sooner rather than later.


Did I miss any potential ways to keep/use DEC? What are you doing with them right now?



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8 comments
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i’ve been holding them in game for sps or flipping it for cards.

the more sps i can generate the better.

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(Edited)

the more sps i can generate the better.

You get double SPS airdrop points in LPs. If you already have the other asset of the LP, that's really double, if you swap half of your DEC for that asset that makes it the same, and then there's only a question of fees and incentives.

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Yeah I'm keeping everything on Hive. Fees are high and the APR isn't great at all.

I like simple lol

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I will hold most of my DEC because we will need a lot of it for guild and land buildings and Rift Watchers. The SPS airdrop is just the icing on the cake. It might go down back to par value of 1000 DEC = $1 but I rather risk loosing some value than having no DEC whatsoever when I really need it because prices might grew even larger due to the exploding user growth.

Posted Using LeoFinance Beta

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You have a point. I also keep some DEC for guild expenses, but I haven't given much thought of the possibility that DEC will keep rising beyond 7-8$ per 1000 DEC. Which can happen.

I've prepared for the other possibility of DEC slowly returning to peg by being in a DEC-BUSD pool, but in truth if DEC keeps going up, my LP tokens go up twice as slowly in dollar value because of the BUSD part.

We'll see I guess. Time to act when DEC moves out of the 7-8$ range per 1000.

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I've got the majority of mine in the DEC/BUSD pool. Seems like a no-brainer to me. In fact I wrote a post about this when the airdrop first started.

  • You get double the airdrop points for SPS
  • If DEC goes up, you lose some airdrop points but gain $ value.
  • If DEC goes down, you gain airdrop points but lose some $ value
  • The icing on the cake is you get CUB as an added reward for staking in the pool. Who doesn't enjoy getting more CUB?!?

I haven't harvested any of my CUB from the pool just so I can keep track of what I'm actually getting. It grows very slowly anyway so why waste the BNB on harvesting. I just feel like I'm winning in every direction from keeping it there. I can take it out whenever I want so it will be ready when I need it. But in the meantime, it keeps me from spending it and it's making me extra SPS and extra CUB.

Posted Using LeoFinance Beta

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Great point about getting more SPS airdrop points if DEC goes up.

I also chose this pool for the 'safety' aspect in regards to price variations, but I was mostly thinking about the possibility that DEC might lose dollar value before Chaos Legion is released and when I'll need it.

Posted Using LeoFinance Beta

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