Community post
Making a 1086% APY Return through Rentals
Staking and Airdrops are great source of returns, especially when you reinvest your earnings.
Here's the APY, which is the return based on daily compounding (reinvesting your daily return), taking into account growth of both the staking and airdrop pool growth:
- Airdrop APY -565.83%
- Staking APY - 159%
By all standards these are exceptional returns, however I've found a strategy with an even better return - renting out Mylor Crowlings.
Based on a cost of 42 I spent on a Mylor will give me $456 in interest by the end of the year, assuming I reinvest my daily earnings. If the value of DEC goes up, I've made even more. Likely, the value of a Mylor card will also substantially rise.
This assumes that I can buy and then rent Mylors in large numbers. Yesterday, I purchased 44 Mylors at prices between $38-45. All were rented for an average daily DEC rental income of 39.85. I was able to post them on the mark and rent them near instantly. Here's the screenshot of all my Mylor rentals:
There are many great ways to earn in Splinterlands. With such phenomenal growth on the horizon, I'm sure there will be even more opportunities to make money... and have fun!
Hope you appreciate the post,
Shardbearer
Replies (5)
Hello @shardbearer! This is @indayclara from @ocd (Original Content Decentralized) team. We saw that you already posted your first post here in Hive! Congratulations and welcome!
Great to hear you are enjoying Splinterlands. I think you would like Splinterlands Player's Guide: All You Need to Know.
It would be awesome as well if you do an introduction 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 produce, and what are your expectations in this platform. There's no pressure on this. You can choose on whatever information you would like to share. As a sample of what an intro post is, you can refer to this intro posts for reference Keeping Up With the Buzz - My Introduction to the Hive Community
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daily rental of 40 for next 365.... just a bit optimistic. I love this card play it alot as do others. Ive sold alot of these cards in the past week as the price has run from 15 to 50. Im glad i did. I think its coming back down to earth. now renting a lvl4 or 6 or 8. you probably gonna make good cheddar. and have some longetivity with the price. my opinion dont kill me on the down votes lol. as always DYOR
nice!
True, hard to say whether it'll stay at that level or not. Even if it drops to 20 DEC it's still a very good APY though. Thanks for the response!
well its sitting 44/day atm bounces around pretty good. happy for ya at 44 work it work it