Today, SPS that's SplinterlandsShards are returning APR of 19% when staked.
image courtesy of Splinterlands.com
That's a big decline in APR from a year ago. And it's reflective of a much bigger decline in SPS value.
image courtesy of Coingecko.com
Remember SPS was kicking near a dollar but now it's at $0.02 and still dropping. Look at the chart above, this isn't a coin/crypto/token that's bouncing around with the regular cypto market. It's all bear, all the time now.
Is there an alternative? HBD, Hive backed dollars, is throwing off 20% APR on a consistent basis.
image courtesy of Peakd.com
So does SPS have any future bounce? Consider that pretty much the only Splinterlands reward, that can be cashed our or traded, from playing the game is SPS so inflation is taking its toll. If you are setting on a chunk of SPS, the question is it time to dump and buy HBD or is there some redeeming reason to continue to HODL?
Posted Using LeoFinance Alpha