How to use the Splinterlands Liquidity Pools: a tutorial

avatar

▶️ Watch on 3Speak

A couple of days ago, I presented the new liquidity pools on Splinterlands in a post. Through the comments I received to this post, I realized that many didn't exactly understand how these pools work. I thought it might be a good idea to make an extensive tutorial about it!

Resources:
Splinterlands Liquidity Pools
Tribaldex Swap
Tribaldex add liquidity
Tribaldex remove liquidity
Bee Swap

P.S: The thing I didn't remember in the video is actually called impermanent loss...

Thanks to @hirohurl for inspiring me to do this post

Let's connect ! You can find me on these platforms:

▶️ 3Speak

splinterlands leofinance ctp tribes cent spt oneup pimp proofofbrain
0
0
0.000
28 comments
avatar

Brilliant! Now I have the essential steps I'm keen to get started. The second half of the video, where things get more complex, was also very interesting. Thank you. I'm going to share this.

!CTP

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Woah! So easy to follow and execute! I withdrew 2,000 DEC from Splinterlands to Hive-Engine, then sold some other tokens to raise 5 SPS and added 5 SPS/DEC to the liquidity pool. Then I took your second step and swapped 644 DEC for SPS and went back and added them to the liquidity pool.

I'm grateful to you for helping me take the next big step in my Hive blockchain / Splinterlands adventure! :)

!CTP

0
0
0.000
Reply
avatar

That's a great start and you will see that in the long run these Liquidity pools are actually pretty practical. I almost always use them to swap tokens. It's often a better change than on the normal market.

0
0
0.000
Reply
avatar

Thanks for the inspiration :-)

0
0
0.000
Reply
avatar

Very good tutorial. These pools are working very well right now, let's hope they continue like this. Although it should always be noted that it is not a type of investment for everyone, the risk is high.
!CTP

0
0
0.000
Reply
avatar

It's definitely not without risk but if you understand the mechanismes of liquidity pools, its possible to limit the risks...

0
0
0.000
Reply
avatar

Excellent video. The risk is impermanent loss on 2 levels. Your method to hedge with Hive reduces one level against Hive but we still have the overall risk against Fiat. But that is anyway an inherent risk with crypto.

Keep up the great videos.

0
0
0.000
Reply
avatar

You are right. I see these LP as an alternative for keeping tokens in the wallet. So if I have DEC in the wallet or in the LP, there is not a big change for me.

0
0
0.000
Reply
avatar

We still get SPS at 29% APR when it is staked? The price has shot up since the airdrop ended though?

0
0
0.000
Reply
avatar

Exactly, the Apr is calculated on the basis of SPS and vouchers. I stake all my Sps in the game because I believe that this will matter greatly in the future for playing Splinterlands.

0
0
0.000
Reply
avatar

what do you do with vouchers? I have just sold them up until now

0
0
0.000
Reply
avatar

I actually used them to purchase free chaos legion packs. When you want to buy a big quantity, you get some free packs but you need vouchers for each pack. I now started to put the vouchers in the LP.

0
0
0.000
Reply
avatar

Good idea. I might do the same. They are probably undervalued.

0
0
0.000
Reply
avatar

SPS - SWAP.HIVE These pools look good.
Thanks for sharing the Splinterlands tutorial.
Have a great day.
!LOLZ
!PGM

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT tokens to @steem82868, @achim03

remaining commands 9

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444

0
0
0.000
Reply
avatar

Thanks für the tokens and for stopping by!

0
0
0.000
Reply
avatar

Great guide. I guess there are still people who don't understand how all of this works but it makes sense because a lot of them are focused on the game and not really on Defi.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

We often forget how things might be complicated for people who are not so much into all this :-). I think even on Hive there are many people who don't understand much about DEFI

0
0
0.000
Reply
avatar

Hey bro, nice explanation, I use SWAP.HIVE:DEC pool for DEC and Hive rewards in TribalDex exchange not the diesel pool in frontend.

Which one should I use for Hive:SPS, tribaldex diesel pool or pools in exchange, I heard beeswap also provides with some pools as well?

Thanks

0
0
0.000
Reply
avatar

There is actually only one pool for all of these. Diesel pools, tribaldex pools and Beeswap pools are the same thing but with different front-ends.

0
0
0.000
Reply
avatar

Thanks a lot, you've inspired me to write something on SPS pools in my next post for Social Media Challenge.

0
0
0.000
Reply
avatar

Congratulations @achim03! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You distributed more than 34000 upvotes.
Your next target is to reach 35000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hivebuzz supports the HiveFest⁷ Travel Reimbursement Fund.
Our Hive Power Delegations to the July PUM Winners
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
Reply
avatar

I knew about the first one and the last one but the second one is new to me thanks for the explanation.

Posted Using LeoFinance Beta

0
0
0.000
Reply