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.

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.

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