Should You Invest In pSPS-POLYCUB Farm?

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pSPS PolyCUB Farm.png


SPS (Splinterlands Shards) is one of my favorite tokens on Hive and I try to acquire more and more of them. According to me, it's the main asset of the game that gets all the value back from other assets and opportunities that Splinterlands offers. I believe that it can easily hit $1. Has done it in the past and looking at the Splinterlands Roadmap, I am more convinced that it's going to hit that mark once again & probably go even higher in long term. The fact that makes me so sad is that the SPS Airdrop will end soon (in about 69 days). After that, the only way to earn SPS would be to stake it within the game and other pools out there on Hive & BSC.

SPS Staking Opportunities

Currently, we have the following DeFi opportunities where we can stake SPS and earn yields:

  1. Splinterlands Game: Currently it is giving out 57% APR but it keeps on changing. Last week it was around 25%. It totally depends on how much capital is staked in the pool.
  2. Tribaldex Diesel Pools: I was blown away by the no. of SPS pools I saw on Tribaldex. There are so many cool options to choose from. My favorite ones are SWAP.HIVE:SPS and DEC:SPS because both of them have different LP Rewards.
  3. Beeswap: Tribaldex and Beeswap are similar in the no. of pool offerings but I find Beeswap way better.
  4. Cub Finance: All of the above are Hive-based Staking pools while Cub Finance is on BSC. It has an SPS-BNB Pool that is giving approx. 58% APY.

If you hold SPS in any of them, you are getting the LP rewards. The APY and the reward token can help you decide to find a better opportunity for yourself. Also, it depends on what tokens you want to hold in your LPs apart from SPS or you can go for the single staking within the game.

Splinterverse is excited about SPS Validator nodes & license presale and gearing up towards it. Right now the validator software is going through an internal testing phase. Will be open for public testing within the next few months, with the "mainnet" planned to launch in Q4 of 2022. I am sure many of you are planning to buy them and earn more SPS on autopilot for running those nodes. There's great news for those who want to maximize the earnings on their SPS stake in the meanwhile and beyond. Apart from the options listed above, we now have pSPS - PolyCUB Farm on Polygon.

Introducing pSPS

pSPS is a wrapped version of SPS on Polygon Network launched by Leo Finance team. You can wrap SPS to pSPS and vice versa using this link: https://wleo.io/sps/. In order to stake pSPS in pSPS-PolyCUB farm, which is a V2 farm on PolyCUB, you need to follow the instructions in the announcement post. I have listed down the benefits for both SPS and PolyCUB Hodlers so that you guys can decide for yourself whether you should invest or not:

What's in it for SPS Hodlers?

  • SPS Liquidity on Polygon Network and increase in trading volume across chains
  • Options to diversify SPS staking portfolio
  • Arbitrage opportunities between native SPS on Polygon (when it comes) and the derivative SPS in the form of pSPS
  • High APRs on PolyCUB which can be compounded back to farm for more yields or can be staked in xPolyCUB

What's in it for PolyCUB Hodlers?

There are five different value accrual mechanisms for PolyCUB PoL via SPS V2 vault:

  • pSPS held as 1:1 collateral for the wrapped equivalent - staked on native platforms (i.e. SPS staking on splinterlands.com)
  • 0.25% wrapping and unwrapping fee
  • Cross-chain arbitrage
  • Utility for people to buy POLYCUB to LP against their pSPS
  • pSPS-POLYCUB holders need to buy more POLYCUB to stake as xPOLYCUB to control governance and drive the vault yield higher

When Splinterlands launches SPS on Polygon, a Kingdom (like CUB) will be created on PolyCUB that would add another layer of value.

What are your thoughts guys? Please comment below!




https://leofinance.io/@finguru

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Not financial advice. For infotainment purposes only.

Posted Using LeoFinance Beta



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16 comments
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I think the in game SPS APR was increased because vouchers got added to it. I'm not sure could it be that entire 30-40% added though.

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Is that the reason? We were getting vouchers anyway. I thought it was because many peeps unstaked their SPS to buy validator node licenses.

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To be honest, I'm not sure. Noticed how the vouchers are now shown next to claimable SPS rewards, it appeared there about the same time as the APR went up. That was my first thought anyways.

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You are right. Now that I think of it, rewards appears to be exactly like that. Maybe they are adding in the voucher APR too.

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Yeah, hope that they too. And it would be great to see total vouchers owned on the same page too.

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It is hard to deny there are plenty of options arising for Splinterlands and the SPS token.

We will see how quickly the pool fills up. It is rather slow going right now. Of course, the price of POLYCUB is way down. A tripling of the price there would really help some of these pools.

Load up while you can on POLYCUB/xPOLYCUB. These newer features are starting to each up some of the supply out there.

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I am loading on Hive for now since it's going cheap and next is going to be PolyCUB for sure. Let's see if I can pitch in some of these Hive/HBD and HE Token pairs with PolYCUB.

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Investor's Dilemma once again. Where do we put the resources we have? Hard to choose.

I am with you. My focus is still on growing my POLYCUB (actually xPOLYCUB) stake. If I can do that, I feel I will be able to benefit from all the LPs excelling.

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As someone else has mentioned, the APR jumped because of the VOUCHERs being added to the price. So I think it's about 20% from getting SPS rewards and 40% from the VOUCHERS (due to the price pump for validator nodes).

Also, I believe the tribal dex and beeswap pools are exactly the same. Just a different interface to show the existing pool.

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