pHive is here, when pSPS?

Yesterday, after finally initiating my first farming operation on Polycub, I decided to click around Hive to see the opportunities available. At the time, I was feeling kind of good about how much value my tokens generated for me.

I'm always grateful for the things that I have but at the same time, I always want more. I believe that wanting more is the only way to ensure that you can at least maintain your current portfolio value.

Anyway, during my click about to find new sources of revenue that I could throw a couple of dollars at, I saw my SPS staking APR just sitting there. It is a source of passive income that I intend to keep going until further notice.

When the dollar value of SPS token was around $1, the idea of living off my staking reward was actually conceivable. Of course, I hate the idea of dumping the token but the point is, that living off SPS could be achieved.

Today, things aren't the way they used to be and we're stuck with SPS trading around 10 cents. It's not a big deal though, because I honestly wish I could stake even more than I currently have.

At the time of writing, staking SPS offers 24% APR and that's not so bad. It would take 4 years and 2 months to double your staked tokens in simple interest. You could compound it manually, by creating any schedule that suits you and that will pay off in the long run.

Personally, I've been compounding my SPS tokens monthly(claim whenever I claim my HBD savings) and that has led to a regular bump in my staking rewards. All things considered, I think I do pretty well and will continue to accumulate until further notice.

pSPS is on the way

The introduction of pHive and thrusting it into the farming scene has generally garnered positive reception. The liquidity in that farm has grown quite fast in recent times and it sort of makes me wonder how SPS will be received.

First of all, it is worth noting that while Splinterlands is a project running on Hive, it has grown beyond the shores of the blockchain. It has a massive community spread across different blockchains and I believe this could lead to a rapid response from the community.

This move will thrust SPS into another farm outside of Binance and also give Polygon users the opportunity to access the governance token of Splinterlands. I reckon we might see some token price action spread across the board.

In any case, I'll certainly be throwing my hat into the wrapped SPS farming pool that's coming on Polycub. The trick is getting in early, so you can farm at higher APRs at the early stages because the APRs tend to drop as more people add liquidity to the pool.

For me, the biggest issue is my serious lack of liquid funds to participate in these opportunities. All I can do is work with whatever little I have and slowly add to my position whenever the opportunity presents itself.

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