Update on Airdrop Rewards vs. Staking
Hey all y'all!
So the question is: what should I do with the SPS I receive from staking rewards and daily airdrops? While I like seeing the SPS tick up from staking rewards more than getting a daily drop, I have to go with whatever option is economically more beneficial. I've seen other players do their own calculations and they vary greatly, so I decided to see what my own numbers are saying!
While other portions of your collection contribute to your airdrop, the most straight forward way to calculate it is to see that each DEC you have gives you 1 ADP (airdrop point). A lot of veteran players have a majority of their ADP coming from their large card collections. I'm new to the game, so most of mine are in DEC.
This is the reward I received for yesterday's airdrop. As you can see, my total ADP is 62,513 and I received 9.783 SPS.
Looking at the Hive Engine (as that's where I can trade easily between SPS and DEC) current market prices have SPS at $0.3896 and DEC at $0.0076. By dividing ($0.3896 / $0.0076) we find that currently, 1 SPS can be converted to roughly 51.263 DEC. So for my 62,513 ADP I received (9.783 * 51.263) about 501.506DEC worth of SPS. This translates to a 0.802% return on my ADP today. Without compounding the rewards, if I just let them sit and claim in 1 year, that's a whopping 292.73% APR !! Almost double the estimated 155.67% APR staking the SPS is giving me... which has only gone down since I joined (I think because more SPS is being staked each day?) and was around 175% APR a week ago.
There's a lot I don't know about this game, like how much staked SPS will get you how many vouchers for card packs. I also find that if I have DEC sitting in my account, it is VERY hard not to spend in the market. So there are certainly other factors to take into account. I ain't your financial advisor. Do your own investigations and find out what the best option for you is.
That said, I'm taking every airdropped SPS I can and trading it for DEC with Hive!
Cheers!
I have noticed this as well on a much smaller account i have 66 sps staked making around 0.7 sps a day in rewards but I have 2000 Dec and a card power of 3500 and I made 0.9 Dec in the same amount of time
I actually just came across (via another post on here) PeakMonsters, where it will tell you a ton of helpful stats, including the percentages of the airdrops and staking returns!
Hello, @quizzlescoop! This is @anggreklestari from @OCD team. We saw that you already posted your first post here in Hive! Congratulations and welcome! However, it would be awesome if you do an introduction post. As a sample of what an intro post is, you can refer to this intro post for reference:
Keeping Up With the Buzz - My Introduction to the Hive Community
There's no specific format on how you do your intro post, but there is some suggested content that we would love to see in your post. Information like who are you and where you're from, how did you discover Hive or who invited you, what types of content you want to see here and the types that you want to produce, and what are your expectations in this platform. There's no pressure on this. You can choose whatever information you would like to share.
You can tag me @anggreklestari on your intro post then if you have done with it.
Well, you can explore the communities that are suitable for your content. You can read some of the communities in this post: OCD Communities Incubation Program
If you are looking for tips and information as a Hive newbie, click here: newbie guide.
If you have questions, you can hop into OCD's Discord server and we'll gladly answer your questions. For now, @lovesniper will follow you and we are looking forward to your intro post!