3 Tips for Maximizing the Return On Investment (ROI) on your SPS
If you're like me and believe in Splinterlands long-term success, you've probably bought some SPS tokens already. Even if you didn't, you should have some from the daily airdrops anyway.
Whether you have lots of SPS or just some, you can increase your daily gains substantially with a few simple actions.
Here we go:
Tip #1: Stake everything, every day!
Currently, you get ~216% APY for staking your SPS. That's already nice! While APY is still high, it's wise to claim SPS rewards from staking and airdrops at least daily and immediately stake it all again.
This way you compound your earnings as you get yield on your daily earnings instead of letting them stay idle. Believe me when I say it compounds very fast that way! Use this opportunity if you believe SPS price is far from the top.
Tip #2: Spend your DEC AFTER daily airdrop!
The amount of SPS you get from daily airdrops depends on several factors, and one of them is the amount of DEC you have in your account. The more you have, the more SPS you get from airdrop.
The system registers the amount of DEC you have once per day, right after the last day's airdrop occurs. If you spend DEC after the airdrop points are already calculated, it won't affect the amount of SPS you get next time.
Why does it matter? Well, if you get lucky and get thousands of DEC from a daily quest like I once did, it's way better to wait for a daily airdrop so that your new DEC balance would be included for the next day's airdrop. 1 DEC accounts for 1 airdrop points, which is quite significant. Here's how airdrop amount is calculated.
I, however, spend all my DEC on cards immediately, thus missing a change to get a larger SPS drop to my wallet the next day. You live and you learn!
Tip #3: Participate in Splintertalk!
Every post and every comment you make here earns you SPT, which also plays a role in the amount of SPS you get daily. It might not be much (1 SPT = 0.25 airdrop points), but if you're an active player that blogs daily, it should compound into the stratosphere.
However, I can't confirm that one as I'm getting started here myself and have no idea how much SPT players earn here. Time will tell, I guess.
TL;DR:
Stake your SPS tokens. Claim all SPS rewards daily, and stake them as well. Also, don't spend your DEC you get from daily quest until the next day's airdrop points are calculated. Do some work in Splintertalk to get some extra airdrop points.
Good luck in your battles!