DeFi Study: Earn Amazing APR why Staking on Splinterlands
In recent times, I discovered that despite the long term investment I planned for Hive blockchain, I am missing out in some areas. In case you are a reader that just heard about Hive for the first time, Hive is a social media platform with multiple frontends that allows users to generate rewards while they post their content.
You can visit https://signup.hive.io for your registration.
According to Hive WP, Delegated Proof of Stake (DPoS) is the consensus algorithm behind Hive and witnesses has generated multiple ways Hiveian can invest and earn rewards.
Earn Over 50% APR Why Saving
Those that follow me understand the level I can invest in the DeFi project in as much team behind it has been proven and tested okay (though I'm not a whale), but all I do is create a financial roadmap for stability in which DeFi is one of the ecosystems I discovered in March 2020.
@leofinance launched Cub Finance which allows users to earn above 50% APR why staking and over 200% why farming. There are risks attached when considering farming which many don't understand, this is not the basis of this article but I will treat this later if you follow me closely.
Since my engagement resumption on Hive, I have been leveraging multiple features and communities on this platform as I keep looking for how to contribute to its growth and investing my little quota.
I am not a gamer, but Hive and some other platforms push me into blockchain gaming. Yes, I don't have the time to play the game and amazingly, I discovered the DeFi aspect on the game console and took advantage.
It's not a piece of news that the one number blockchain game is Splinterlands. The game has received huge growth since its launch with a total market cap of $145,011,009 as of the time of writing this post. This month (November), I pay a visit to the website and remembered I bought some cards in 2018-19 which were never put to use. Though I saw some airdrop of SPS in my in-game wallet which caught my attention to what to use this for.
The DeFi corner of Splinterlands is linked with Binance Smart Chain with staking as what generate stakers over 50% APR. With a single click on Splinterlands, you can connect pancake, purchase SPS, withdraw it to Splinterlands in-game wallet, staking it and start getting 50.58% APR from your stake asset.
Purchase SPS on Pancake from Splinterands
- Make sure you own a Hive account
- Log in to your account via Splinterlands
- Click In-game Wallet
- Click Get SPS
- Select PancakeSwap
- Make sure you own BNB to swap for SPS in your Metamask wallet, then swap the amount you want.
Note: Linking your Metamask to Splinterlands allows you to move in/out your SPS easily, therefore link your wallet and manage it.
Check a post by @shortsegments about Splinterlands.
https://leofinance.io/@shortsegments/splinterlands-what-is-the-sps-token
In conclusion, Hive blockchain has given many opportunities ways to earn incentives but require individual investment. I'm still taking my time to study Splinterlands game, don't laugh at me, I'm just graduated to battle III lol....
Disclaimer: I am not a financial advisor, all my point here are my little findings that opens you to opportunities around have blockchain, take your time to check them out and follow your heart.
Learn more about DeFi?
Reach out: https://t.me/Engr_Samest
Posted Using LeoFinance Beta