Do DEC Tribaldex Diesel Pools count for the SPS airdrop?
Discover whether DEC Tribaldex Diesel Pools count for the SPS airdrop and whether they’re doubled.
Have you stumbled across this blog after asking do Diesel Pools count for SPS airdrop?
Maybe you're looking for answers on whether your SPS points are doubled simply for adding DEC to a liquidity pool?
If so, then this is your lucky day.
We go over which Tribaldex Diesel Pools count for the SPS airdrop and address the rumour that says your SPS airdrop points are doubled in an LP.
Let's dive straight in.
Do DEC Tribaldex Diesel Pools count for the SPS airdrop?
There’s no doubt that the most efficient way to get SPS airdrop points is still via holding Splinterlands DEC.
But if you pool your DEC in a DeFi liquidity pool on Hive, do they still count?
Yes, DEC added to Tribaldex Diesel Pools still count for the SPS airdrop.
Hive Tribaldex Liquidity Pools
The DEC Tribaldex Liquidity pools that count for the SPS airdrop are:
- SWAP.HIVE:DEC
- BEE:DEC
- DEC:SPS
If you pool your DEC in any of these pools, then you will still earn SPS airdrop points on top of any LP rewards available.
Which other DEC Liquidity Pools count for the SPS airdrop?
As well as the Tribaldex Diesel Pools on Hive, there are a number of external DeFi options that are available.
The most popular alternative of course being the pools found on BSC such as our very own Cub Finance.
Binance Smart Chain
The following DEC liquidity pools also count for the SPS airdrop on BSC:
- Cub Finance: DEC:BUSD
- PancakeSwap: DEC:BUSD
Ethereum
Finally, if you’re okay with paying high gas fees, the following Ethereum based DEC liquidity pools also count for the SPS airdrop:
- UniSwap: DEC:DAI
- DEC:ETH
Does putting my DEC in an LP double my SPS airdrop?
The rumour that says your SPS airdrop points are doubled in an LP is a funny one.
The short answer is no, it does not actually double your points.
When you go to the SPS management page and view your airdrop points, you might be shocked to see that your DEC under the Liquidity Pools section is actually twice as much as you put in
But what’s happening, is that the other side of your LP also counts.
So if you’re in the SWAP.HIVE:DEC Tribaldex Diesel Pool, then the SWAP.HIVE side counts.
This is why it looks like your SPS airdrop points are doubled in an LP, but you’re not actually getting anything for free.
By selling half your DEC for SWAP.HIVE in order to add to the pool, or simply by adding external SWAP.HIVE to match, you’re still paying for it.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on how to best make DEC Tribaldex Diesel Pools count for the SPS airdrop, within the comments section below? All comments that add something to the discussion will be upvoted.
This Splinterlands DEC blog is exclusive to leofinance.io.
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Pretty sure that's not technically true. If you sell half your DEC to buy BUSD, for example, then yes, you'll have the same airdrop points as if you just kept all of the DEC. If, on the other hand, you already have BUSD and pair it with your DEC, you'll get double the airdrop points.
Now, if the price of DEC goes up (which it's been doing), your airdrop points will go down because the pool will rebalance and you'll lose some DEC and gain BUSD. If, on the other hand, the price of DEC goes down, you'll gain more airdrop points as the pool buys more DEC to keep both sides equal.
In other words, what you have DEC paired against means nothing to the airdrop points other than price performance vs DEC.
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I just have an issue with the wording "double points" making it sound like you're getting something for free.
As you have to pool your DEC with another asset in the LP, you're paying for those double points via that side.
How are SPS airdrop points determined within LPs?
As for how the SPS airdrop points are determined for positions within liquidity pools, you've worded this perfectly:
Very helpful addition.
Cheers!
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I get where you're coming from. The issue is that you actually ARE getting double the points from the DEC portion of your LP. The fact that you have to pair it with another asset doesn't make that not true.
Example 1: 10,000 DEC held in your account gets 10,000 airdrop pts.
Example 2: 5,000 DEC and the equivalent $ value of BUSD put in the CUB pool gets you 10,000 airdrop pts PLUS some free CUB.
You are actually getting free CUB at the risk of having impermanent loss. BUT, the mitigating factor is that if DEC goes up, you lose airdrop points but you gain dollar value in the pool. PLUS you still get the CUB. If the price goes down, you lose some dollar value in the pool but you get MORE DEC and more airdrop pts, plus you still get the CUB. Win/win.
The best scenario is hold straight DEC and it goes up. You get the same airdrop pts and gain full value from the price increasing. But for all other scenarios (and even that one if the price of CUB moons), you get more with less risk by putting it in the pool. More airdrop points and more SPS if DEC goes down plus you lose less $ value since it's paired with a stablecoin, PLUS you still get the CUB.
Since DEC is "supposed" to be pegged at about 15% of what it's currently trading at, I figure it will eventually go down and I'll get more SPS and keep getting the extra CUB. I've got another 9 months of the airdrop before I would consider getting out of the pool so...I won't have to worry about impermanent losses becoming permanent until then.
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There is a PIZZA:DEC pool and it dosnt look like I'm getting points for it :(
Ah, I forgot to add a section for which pools don't count.
Do any DEC Tribaldex Diesel Pools NOT count for the SPS airdrop?
Unfortunately, the PIZZA:DEC LP does not count for SPS airdrop points.
It's up to you in order to determine whether the LP rewards on offer are worth more than what you'd earn via SPS.
My opinion would be that right now you're probably better off in one of the other pools that earn SPS.
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I never realized there was a BEE:DEC pool. I knew about the rest of the pools though.
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Your average Splinterlands probably isn't going to have a whole lot of BEE lying around to pool their DEC against.
But the option is there!
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I have been asking myself this very question quite often and I couldn't really find an appropriate answer. Thanks for suming up which pools actually count for the SPS airdrop :-)
I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!
Simple explainers in language that regular people can understand is what I'm all about.
Happy to help :)
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Have tribaldex started paying liquidity rewards?
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Yep!
Rewards in the DEC LPs are not very impressive, but obviously you're in that pool for the SPS airdrop points and not LP rewards.
If you're interested, I definitely recommend checking out some of the others like the SWAP.HIVE:SIM LP.
How to see which Tribaldex Liquidity Pools pay rewards
I like using the BeeSwap interface:
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Cool!
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Yes.
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What if you already have the other tokens of the LP? Then you don't have to sell half of DEC for them, and the airdrop points are really doubled.
UPDATE: Although in this case there's an opportunity cost, as those tokens can be used elsewhere otherwise.
Haha, okay okay.
I just had an issue with the wording "double points" which makes it sound like you're getting something for free.
As you have to pool your DEC with another asset in the LP, my thinking is that you're paying for those double points via that side, so shouldn't be worded that way.
But yeah, maybe I'm not right here...
Check out dagger's earlier comment for a good rundown.
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