How To Double Your SPS Airdrop Points

Just days ago I went over my Hive Goals and one of them was to increase my SPS airdrop points. There are multiple ways to do this as Splinterlands has many assets in which can be held to collect SPS airdrop points. One of my favorite ways is blogging from or to the Splintertalk.io frontend which allows you to collect the Splinterlands official blogging token SPT. Each SPT will award you 0.25 SPS airdrop points. Another Splinterlands asset that will award you SPS airdrop points is the DEC token. Holding DEC (Dark Energy Crystals) will give a 1:1 airdrop point ratio. Meaning for every DEC you hold you will earn One airdrop point. What some might not know is if you toss those DEC into a liquidity pool (all DEC pools may not qualify) you will double your airdrop points. This is because DEC in a liquidity pool will give 2:1 ratio in airdrop points. Meaning for every DEC you have in a liquidity pool you will earn Two airdrop points. I will leave a screenshot of all the Splinterland assets that qualify for SPS airdrop points near the end of this post. Seeing as I have a little HIVE in my Hive Wallet sitting around doing nothing I thought it about time I put it to work for me and pair it up with the DEC I have earned from playing the awesome game that is Splinterlands. If you are new to Splinterlands you might not know how to toss your DEC into a liquidity pool and if that is the case this tutorial is for you. Keep in mind there is risk to placing tokens in liquidity pools. I urge you to do some research on pools before diving head first with adding liquidity to them.

Hive/DEC Liquidity Pools Location

Tribaldex

BeeSwap

Hive Deposit Options

LeoDex

Hive-Engine

Tribaldex

BeeSwap

Above I have listed some of the DEX(s) on the Hive Blockchain in which you can deposit your HIVE for SWAP.HIVE which is needed to participate in the SWAP.HIVE:DEC pools located on the Hive Blockchain. Also Listed above are DEX(s) the pools are located on. To deposit your Hive all one needs to do is go to their DEX of choice and hit the deposit icon and then follow the instructions on how to deposit that is supplied by the DEX. Each DEX has their pros and cons for Hive deposits. For example one DEX might charge a lower fee for a deposit but have low liquidity while another DEX might have high liquidity but slightly higher deposit fees. Regardless of which DEX you choose for your deposit, your balance will show on all of them. Once you deposit your HIVE you will want to deposit your DEC. This can be done directly from the Splinterlands wallet page as detailed below.

How To Deposit DEC To DEX(s)

  • Go to Splinterlands.io
  • Sign In
  • Click DEC Wallet Icon
  • Enter DEC Transfer Amount
  • Select Wallet (Hive-Engine)
  • Click Transfer
    image.png

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Luckily for everyone on the Hive Blockchain transactions are done in an instant which means the time between hitting that transfer out button and your deposit hitting Hive-Engine is lightening fast. Depositing your DEC using the Hive-Engine option will allow your DEC to show up on all the other Hive DEX(s) listed above. Now that you got your DEC in your desired DEX lets take a look at how to add your newly deposited DEC to a liquidity pool that will double your SPS airdrop points. Keep in mind that you will need to make sure you have an equal amount of Swap.Hive (USD Worth) available to the USD worth of DEC you plan on adding to the SWAP.HIVE:DEC liquidity pool. If you do not have enough SWAP.HIVE or DEC to match the pairing tokens you will see a red outline which indicates you need to make a deposit or lower your pairing liquidity amount(s).

image.png

How To Add Liquidity

  • Go to your favorite DEX
  • Navigate to Liquidity pool section
  • Click Add Liquidity
  • Search SWAP.HIVE:DEC
  • Enter desired amount of each token
  • Click Add Liquidity

image.png

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Congratulations you just added liquidity to the SWAP.HIVE:DEC pool and in the process earned yourself double SPS airdrop points. To verify you completed all steps correctly all you need to do is head on over to the Your Positions section of your favorite DEX. It is there that you will see all the liquidity pools you have provided liquidity to (including the SWAP.HIVE:DEC pool you just added liquidity to). Current SPS airdrop day is 283 of 365. Your SPS airdrop point total can be found in your SPS wallet located at Splinterlands (updated once a day, at the same time the daily SPS drop happens).
image.png

Splinterland Assets

That Earn SPS Airdrop Points

image.png

What Is Splinterlands

Splinterlands is a blockchain game built on the Hive Network. The game itself utilizes NFT's for game play. These NFT's can be won in battle and/or purchased from the official Splinterlands marketplace or many other secondary markets. Game play rewards players with cryptocurrency and in game assets. Click here to get started with Splinterlands.

Splinterlands RoadMap

image.png

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I don't think that is technically accurate you get the 2 airdrop points because you have two assets in the pool. Since it is always getting balanced and liquidity pools are great for when assets drop then it still is a benefit. Once DEC hits the peg then maybe some would want to reevaluate because pairing with stable coins I think means you might lose a lot of value in your Hive but I don't know the math on that stuffs.

Just saying that 2 points for the pool is the logical thing for them to do since it is not really much of a bonus yet enough to incentivise liquidity.

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(Edited)

You are right in the aspect of there is more to it than just a straight 2X on airdrop points but that is why I said to do some research before adding to any pools. Airdrop points will fluctuate based on price of paired tokens vs. added liquidity. However if one is considering pairing tokens I would recommend it be with tokens they want more of either which makes the price swings and token adjustments because of those swings less worrisome. Pools are not for everyone.

Just saying that 2 points for the pool is the logical thing for them to do since it is not really much of a bonus yet enough to incentivise liquidity.

I disagree, the 2X is an amazing bonus. For me I don't care if my HIVE drops and DEC rises nor do I care if my DEC drops and HIVE rises as I want both tokens. What I do care about is getting as much SPS as possible befor the airdrop ends and the best way to do that with my DEC is tossing it in a pool. Thanks for comment as it added some valuable information to how pools work.

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The snapshot's at 17.00 GMT and you can pool at say 16.55 then out again when the snap is done, usually 30 mins later.

That way you minimise your exposure to IL.

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(Edited)

The above is some solid advice for those wanting to minimize risk.

Thanks for adding valuable information to the post at hand.

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Portuguese culture is rubbing off on you, always finding an angle to game the system 🤣

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I'm amazed they haven't shut it down, I guess it must be impossible!

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The SWAP.HIVE:DEC or DEC:SPS pool give 1% daily bonus to your share amount so if you leave it in the pool for multiple days your airdrop points for SPS in the game will also increase and plus not much the rewards from the pool itself will not occur

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That bonus only applies to the various other HE tokens you get rewarded in - I'm not so much interested in those just the SPS.

The risk for me of leaving my Hive Exposed to DEC is too great to leave it in!

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As per my observation bonus applies to airdrop points too
I have seen my airdrop points from liquidity pools increase over time without adding anything to the pool

I agree about exposure risk though its more of personal calculations

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I might be wrong but I think revisesociology is correct. I believe the fluctuation you are seeing is the price adjustment thus DEC adjustment in the pool you participate in. I have a large(ish) amount of DEC in a pool and a 70%* bonus and looking at my DEC 2:1 drop points I can see that it doesn't get that 70% bonus.

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You're comment is 95% correct, you just need to start it with my Username and get rid of the preface to make it 100% correct!

!PIZZA

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Wow, that is a TON of DEC.

!LOLZ

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Yeah, I haven't spent much of my earned DEC. Once the SPS airdrop ends that likely will change. I just need to decide do I spend it on CL packs to hold or buy cards directly from market.

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Well, I don't know what your deck looks like but given you've been around awhile I'd guess you are better off just buying cards to fill gaps in your deck.

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I have plenty of gaps in my deck. I mostly have Alpha/BETA + Reward cards in my collection. I got stack of Cl packs but haven't opened them yet. Purchasing cards is likely the wiser choice as I can play with them and resell when the time comes. Plus there is the rental market.

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(Edited)

Hmm, well sounds like at the very least there are core Untamed cards that you should buy directly.

Namely Serp Spy, Ice Pixie, War Chaang, Undead Badger, Feasting Seaweed, Failed Summoner, Living Lava, Shieldbearer, Cornealus, Phantom of the Abyss,The Vigilator, Dragon Jumper, and of course Llama/Yodin.

I don't own most of these cards so can't blame you for not either haha. These are just the cards (in order) I'd buy if I could actively afford to buy cards atm.

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So you're likely an investor than player in Splinterlands

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I played daily for a very long time but with all the current opportunities I have to make time for I have cut back on my play time so I'm kinda stuck in the middle I guess. There is many ways to play this game, using the NFTs in game play is just one way :)

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I had been spending my DEC on CL packs 🤦‍♂️ I stopped doing that to stack some. Now I'm gonna move it into a pool. Thanks for tutorial 👍

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Smart move, I think SPS is undervalued currently but that is just speculation on my part. Keep in mind that as price adjust so will your DEC:HIVE amount in the pool thus earned airdrop points from pools will vary daily.

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Yeah I gotta free up Hive to match my DEC anyway 🙂 not quite there yet

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I used tribal and now have some shares in swap.hive:dec pool. So now I should see pooled DEC in next airdrop snap shot plus earn something from pool, right @rentmoney? How do I figure out what pool pays?

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(Edited)

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The DEC:Swap Hive pool has been one of my main sources of airdrop points for awhile. I’m just trying to get as much of that SPS that I can now, I think it’s a bit undervalued right now! !MEME !LOLZ

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I agree SPS is undervalued currently. I suspect there will come a time when we look back and say to ourselves, why didn't I get more SPS when it was floating around 12 USD cents each. Thanks for the !LOLZ.

!PIZZA

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How much points do Chaos Legion packs get you? I don't see them in your table...

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The screenshot was taken from the SPS Whitepaper. At the time of its creation CL Packs were not out yet. As far as I know CL packs give 300 airdrop points each which is why I prefer to hold them over opening them.

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In long term, when all the CL packs are sold out, then the CL pack price can be increased.
Holding CL packs is very a good and safe move. You can earn SPS from airdrop while waiting price increase.

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I don't really think you are doubling your SPS ppints because you need the other half. Otherwise, you have to swap half of it into the other side.

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(Edited)

Sure if you sell half your DEC to purchase the other side but that would be careless unless you want in the pool for reasons other than the 2X airdrop points. Such as you want HIVE but don't want to lose airdrop points one way to do that is trade half your DEC for HIVE and then jump in the pool. You will have roughly the same airdrop points -/+ any price adjustments plus own some HIVE. On the other hand if you toss all your DEC in with HIVE you already own, you double airdrop points -/+ any price adjustments.

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If DEC price is in the downtrend, then put your investment in SWAP.HIVE-DEC is the better option, your airdrop point will increase when DEC price drops.
If DEC price is in the uptrend, converting all HIVE to DEC is the better option. You can convert DEC to HIVE anytime if you need some HIVE.

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Also to add additional info that these pool gives 1% daily bonus share for the position, so the longer you keep your SPS airdrop points will keep increasing even if you do not add anything more to the pool

!PIZZA

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(Edited)

They do indeed have a 1% bonus but I'm not sure if it applies to adding 1% to airdrop points or not (its not something I thought about or looked into). Thanks for pointing that out.

PIZZA

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I have checked with my (limited) holdings and airdrop points and those do increase with time without adding anything more to the pool

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I think 1% bonus only impacts the daily payout from the pool.

  1. You will see your holding shares increase but the LP value does not increase following your shares.
  2. You see your airdrop point increased because DEC price was reduced recently. It's the effect of impermanent loss in the liquidity pool
    For example
  • You enter SWAP.HIVE-DEC pool
  • HIVE price is $1, and DEC price is $0.2 at the time you enter LP. You put a total of $2 in the pool, which means you put 1 SWAP.HIVE and 5 DEC. Total airdrop point = 10
  • If the DEC price reduces to $0.1, HIVE still keeps $1, then your LP value = $1.4 (I know a method to calculate the LP value), which means you have 0.7 SWAP.HIVE and 7 DEC now. Total airdrop point = 14

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Got it Thanks for the detailed explanation

!PIZZA

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Now I'll try to bet DEC, look at the result.

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