How I Purchased 33%+ Extra DEC Batteries Through Price Arbitrage - Splinter Stats Ranked Rewards Season 18
The best price arbitrage opportunities I have ever utilized have consistently come with @splinterlands attached to it. Most of these included DEC. These arbitrage profits are not only about having different prices on exchanges; but also related to assets having fixed prices using two different currencies. These are usually not trades that would pique the interest of investors who are not convinced of the future potential of @splinterlands and whales are unlikely to have a significant impact on their portfolio as these trades are only profitable at low volumes.
This Must Not Be News!
I'm not the only person to notice this and I cannot be the only person writing about this. If there is any news here, that will be about how much larger the margins have become. I had already converted DEC into VOUCHERs when 800 DEC used exchange for more than 5 VOUCHERs. The margins keep shrinking and I thought the markets may have become efficient at pricing DEC/VOUCHER
I was very wrong for the better! I had to check twice to confirm the extra 33% of value I was getting. Slippage easily eats into these margins. My trading volumes are only moderately affected by this.
I made part of the trade using Diesel Pools and used feeless trades on HIVE-Engine orderbook for rest of the orders.
SPS Chain Creates New Limitations
I do not have the technical knowledge to speculate why transfers cannot be directly done from HIVE-Engine to the game. It could be the team trying to simplify internal system to reduce costs and/or reduce the number of attack vectors on the project.
DEC Batteries Are DEC Burned
The ~591 Million DEC-B cannot have been sold purely through VOUCHERs. Less circulating supply could help to bring the prices up. Although DEC is not stable around the intended peg of $0.001, it has at least been semi stable around 75% of the target price. This is a great thing for cryptosphere that is in dire need for proper decentralized stablecoins.
Expect More Purchases in Future!
Match Report
Performance
| Stat | #wild |
|---|---|
| Diamond Rank | 600 |
| Rating | 3064 - Diamond III |
| Rating High | 3099 |
| Ratio (Win/Loss) | 1.04 (209/200) |
| Longest Streak | 9 |
I was efficient with Season Reward Chests, but failed to make it to Diamond II at the last moment.
Rewards Report
Standard Foil Cards
| Rarity | Quantity | 🔥DEC🔥 |
|---|---|---|
| Common | 180 | 0 |
| Rare | 30 | 0 |
| Epic | 4 | 0 |
| Legendary | 0 | 0 |
| Total Standard | 214 | 0 |
Gold Foil Cards
| Rarity | Quantity | 🔥DEC🔥 |
|---|---|---|
| Common | 6 | 0 |
| Rare | 5 | 0 |
| Epic | 0 | 0 |
| Legendary | 0 | 0 |
| Total Gold | 11 | 0 |
Loot Chests
| Reward Chests | Dailies | Season | Total | 💲Token |
|---|---|---|---|---|
| Legendary Potions | 109 | 62 | 171 | 🟡 6840 |
| Alchemy Potions | 124 | 67 | 191 | 🟡 9550 |
| DEC | 0 | 0 | - | 🟣 0 |
| SPS | 33.696 | 82.753 | - | ⭐ 116.449 |
| Merits | 1360 | 1504 | - | 🎀 2864 |
| CHAOS Packs | 2 | 0 | 2 | 🟡 8000 |
| Cards (Total) | 147 | 78 | 225 | 🟣 0 |
Captured DEC/SPS (Ranked Rewards)
| Ranked Play Wins | DEC Earned |
|---|---|
| 209 | 🟣 0 + ⭐170.615 |
Total Ranked Play Rewards
| Total Ranked Play Earnings |
|---|
| 🟣 0 DEC |
| 🟡 24390 CREDITS |
| ⭐ 287.064 SPS |
Rewards have been more fun during the last few Season. Claiming these can take some time with transactions flooding HIVE at the end of Season. There is a visually pleasing tool made by @hivetrending of @pizza.witness team that can show HIVE transactions categorized like this:
Hive is Beautiful
🟣 Rental Report
| Type | DEC |
|---|---|
| Revenue | 20449.428 |
| Expenses (inc. fees) | (690.398) |
| Cancellation Refunds | 0.000 |
| NET | 19759.030 |
I suggest everyone to list their unused Cards for Rent. There will be a tiny fee enforced to keep the server costs low. The collected fee will be burned.
⭐ SPS Report
| Type | ⭐ Amount |
|---|---|
| Staking Rewards | 537.770 |
| Ranked Rewards as above | 287.064 |
| Brawl Rewards | 359.031 |
| Land Rewards | 1163.747 |
| Tower Defense | 145.283 |
| License Stake Rewards | 316.615 |
| NET SPS | 2809.510 |
| + Voucher Drops | 103.626 🎟️ |
At the current rate, it should be possible for me to have 100,000 SPS staked. What usually happen is @splinterlands show up with a new sale where I have to power down some of this SPS to participate.
I have said time and time again that bringing in gamers to blockchain gaming is the best way to onboard news users to cryptosphere. They are already familiar with technology and they get to own the results of their gameplay labor without risking a ban from a spineless corporation that is licking the boots of China.
Posted using SplinterStats Season Report Card (Website|Blog).
This once a season tool for Splinterlands players provides a template to reflect on and share their performance, card usage statistics and rewards summary for the season. More features will be released in the future.
Follow @splinterstats and come visit us in Discord if you have any questions.
i think the dao shold run a wittness node or a few and then we can get some of the 5000 hive a month for a top wittness added to the dao investments
I can support a @splinterlands witness account. Keep in mind that few of the people involved with @splinterlands have their own witness servers.
!PIZZA
Thats why i think it needs to have a dao wittness to get some of those fees
Posted using Splintertalk
When the dao actually is a fully functioning company then it will be clear how valuable the dao units are bc they will be the things that control the game when SPL inc is not as involved but maybe gets bought out by the dao and then becomes a contractor and owner via the dao units and sells the spl game to the dao and continues to support it with a contracted service fee and do the dame with GLX. im not sure but that seems like the best way to decentralize the game is have the dao buy the actual games eventually and contract with the company to provide services which pays the shareholders of the company which i am as well but as a passive investor. So that would allow them to not have the risk of the game becoming unpopular and what not bc they can service the games and build more to or go into the game as a service business and much more to supoort these ecosystems for fees and also gain from still owning the dao units and having decision influence that way to as im guessing there will be amounts retained after any sort of change like that and wont see that until the 5 years are up but will be interesting to see what happens and how that all plays out with all the different ways i am invested in the games i guess i get to find out lol. hoping its a really good one for all the ways and i can see that happening in a bull mkt for sure. In a bull mkt which i think is coming and why the listing is so important now did it pass lol i hope so. It will get us on a exchange if it did providing a boost to demand a waty to make a quick profit for ppl and then buy back the units after hype is down so i can sell half to the initial buyers and make probably that initial few x climb then buy back on the inevitable dip of unkown size might be barely any but im happy taking a few x and leaving it at what half is to ride bc it takes risk off and lets me have a decent position still and my glx position in terms of units almost is more than my spl position so when the demand shifts back after the promo card for staking ill sell my glx for sps hopefully in reverse again allowing me to ammass alot more sps bc glx will give me a few million by the end of the year and if that times with a flip of prices i can swap back to sps with some of it gaining my units plus additional ones as glx provids like 3x of compounding 24x a day on your money plus depending on the apr. Its giving 10X the amount of sps so unless its price is going down 10x more its better to hold glx and buy sps bc you will overall result in more money even at the loower levels now your better off in glx im just holding 400000 right now in sps for the promo card drop to get a max one. Once i hit a million GLX im oing to likely start shifting half the income to sps again and ensure i can build that up and the rest to glx nodes depending.
Posted Using LeoFinance Beta
Trying to use the current price fluctuations in packs to i got some buy bidding on the mkt at 2.5 like 75 packs.
Posted Using LeoFinance Beta
And doesnt mean the dao shouldnt have one or each dao it would go in the hands of everyone who has a wittness to maybe just put all of them in the dao and run them for a fee which wont get dont bc it doesnt make sense when the money is that good it would need to be a dao initiative and need to be voted and have ppl paid to set it up and run it but it would get everyones vote that basically owns sps bc they dont get wittness fees for votes now if they did why would they not change there vote to get a piece of the pie. I wouldnt let my reason be bc other ppl run them im more concerned about increasing the value of sps than who else runs them there are 25 top slots lets take some and get the money from it for the dao to use for dividends and income as well as retention to buy assets.
Posted Using LeoFinance Beta
me to i am planning on running my own to i want to get some of the fees that we produce lol. The dao should deff do it though a top wittness node makes 60k a year and the dao could get a few in there its deffinately what im going to do for some extra compensation just offering ppl a split for there vote bc no one pays ppl a distribution for therre delegations so just pat out 90% of the profits take ten percent of profits after costs and run a up to like 3 wittness nodes on here and have the dao get what ever the node fees by running them to the total fees generated by hive so they can run a few nodes equal to he fees that all spl players pay and send the fees to the stakers of sps instead of how it is now and the dao could 100% get 4 witness nodes two for spl and one for tower defense one for glx and the earnings are ued for a hive distribution of half to the sps holders half to retain and invest in the game and other assets further to grow the dao funds availible for the game and make it profitable as well by doing the things that are being done already by many players so lets do them to and stop rewarding a few ppl and take are rewards back for are selves if we produce the fees we run the nodes and vote on our nodes not others and then we get paid insread of nothing there is a source of say 4 nodes or 240K ish a year based on 10Ka month for each node in hive or about 240K right now maybe off a bit but either way its close and having a extra 240K shift from a few ppl to having them run by the dao instead would make the dao more valuable to have a different revenue stream which will be more consistant and is set up to remove effectivtly transaction costs for splinterlands transactions and glx transactions using the daos to own a few top wittness nodes and operate them and as it expands in activitiy have more nodes to capture the increase in income.
Posted using Splintertalk
it seems to be low hanging income for the dao who can easilty vote a few wittness nodes using sps or even askning the ppl to cast there wittness votes to the dao who will have a few wittness accounts and all the votes for spl playters will obv go there so we are basically guaranteed income. Why are we not doing this already? We hould be running nodes.
Posted using Splintertalk
I didn't think that there would be limitations on VOUCHERS transfer from hive engine over to the game directly but I guess it only delays things by a few minutes. I'll be changing in my VOUCHERS later for some DEC-B. I think it's better to have some than to not have any.
Posted Using LeoFinance Beta
DEC-B will be most useful for those who already own some Land.
!PIZZA
PIZZA Holders sent $PIZZA tips in this post's comments:
@vimukthi(1/5) tipped @jfang003 (x1)
Join us in Discord!