🔥 More skin in the game. Staking some BNB-SPS for 106% APR.
Hello,
I've been looking for options to stake some assets for some yield and I finally found what I think is one of the best places right now to stake your assets.
The SPS-BNB pool on pancakeswap for splinterlands.
I've always been a huge fan of BNB, I think that this token has a bright future. It have really good usecases and it's widely supported by one of the biggest exchanges in the world, if not the biggest. The supply is capped at 200 millions and they will be burning until we got to 100 millions.
It actually have 160 millions of supply but 60 of them are controlled by Binance and will be burned in the coming years, so if we take that in consideration we have a token with 100 millions in supply that is actually deflationary. I'ts actually BNB being burned as we speak. IMHO a good choice to accumulate during a bear market.
I recommend you to read this post by @dalz about he most used smart contract chains if you want to see some evidence about the usage of the chain.
On the other hand we have SPS, the splinterlands token. I don't like the total supply of the token which is 3 billions, but I understand that having a token with a big supply is needed if you want to give rewards to the users.
But there are some things I like about SPS, first of all they will release Riftwatchers, a new collection that will be redeemable by using SPS. This is some short term demand for the token.
In addition they are planning to release LAND and this will also drive some mid-term demand for the token.
I'm excited about the LAND release, I look forward for it.
So I pulled the trigger and now I hodl almost 1% of the pool.
I have to decide what I will do with my rewards, from now on I will be enjoying the 100% APR.
Cheers!
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APR to the MOOOOOOOOOON :)
should be a smart move! :D
I hope so!