Hello Gaming Warriors!
How are you all? I hope you are blessed and well. In today's post, I will share the progress of SPS staking rewards and liquidity pools rewards today, where the price of SPS pumped along with a staking of colony tokens.
|POOLS REWARDS|
Well, last week I shared the liquidity pools rewards where I claimed almost 100 SPS, and after one week, I have earned nearly 50 SPS again This is how passive income generates I know the rewards are tiny, but with continuous growth, it will be worth more one da,y and I am not going to sell it until I need some profit and this is the reward of DEC and SPS pair in the liquidity pools where I have provided $150 worth of liquidity and generating a small portion of sps on daily basis and I am sharing the progress on weekly basis not only from the liquidity pools but the staking of SPS and my position of liquidity pools from tribal dex can be seen below.
You can see the liquidity chart from tribal dex where the worth liquidity increased and decreased from time to time based on the current market prices, sometimes the DEC price boosts you can see the candle spikes The last candle went up due to the SPS price pumped yesterday, and the current worth of liquidity is $170 with DEC and SPS pair from which I am earning passive income in the form of SPS daily and can remove the liquidity from the pools at any time.
|SPS STAKING REWARDS|
SPS staking rewards are another way of generating passive income and almost the easiest way to earn, where you need to stake SPS tokens in your in-game wallet and start earning with 10% APR. However, my current stake is 120k, and my target is to reach 150k SPS, which will take time as the price is pumped, so buying at this range is not good because the current worth of my 120k stake is 1300 USD, while I compared it with the 20-day-old SPS price where the worth of 120k SPS was 800 USD so with the recent pump my wallet worth increased up to 500 USD. However, the staking rewards can give us a decent amount of SPS daily, and some SPS we can earn from battling, as you can see that I have earned 32 SPS from ranked battles.
The SPS price pumped in the last two days and continues to go up. This is good news for the SPS holders and stakers, while recently I sold some SPS and got 145 Swap. hive while the current worth of those sps with the current market price is 350 Hive, so almost missed 100 Hive profit. However, I am swapping SPS to DEC for buying wild pass, so this is a great time to swap SPS to DEC for buying wild pass as I already have some DEC available for two more seasons and going to swap some more for the upcoming wild passes.
| STAKING COLONY TOKENS |
Well, in the Moonkarts game, I am staking colony tokens and also claiming every week, as I have claimed 114 colony tokens from the Staking of SPS and GLX, both tokens are generating colony tokens for me, and I am going to stake them. As you can see, the available tokens 3k+ I am going to reach 10k Stake while 100k Colony tokens are in liquid currently I am not staking it waiting for the price of it if it goes up then I will sell it and will buy it again when the price goes down again but the staking rewards of colony tokens will be in staking to increase my stake so here you can see that I have claimed 114 tokens and staked 3174 colony tokens and total stake reaches 10k only 10 tokens left but almost hit the 10k target the staking will be increase time to time for the game purpose.
All images are from the Splinterlands website
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Best Regards @moeenali
