The Splinterlands rental market is one of the best ways to put your assets to work and give you passive income. It's been around 2 weeks since my 10th update on my rental strategy.
My rental income is back up a bit last season because I made sure to put my cards to work towards the start. As usual, I like to make sure that DEC is working for me so I plan on buying more cards and building more DEC for more cards.
Rental Progress
My original post, where I announced my strategy, shows my general motivation for choosing this strategy. The DEC price has dropped again and it is more expensive than before to buy cards. It is very close to the soft peg of 1000 DEC per dollar and I expect it will stay close to this until chaos legion packs sell out. There are just too many cards out there right now so it's just time to build.
Purchases
As always, I used Monster Market to purchase my cards for the cashback. I used up the DEC I earned from ranked battles, rental income, and rewards chest. Like last time, the chaos legion card prices are still high so I choose reward cards again this week.
My choice of cards this week is gold foil rare cards and legendary cards. I was browsing the peakmonsters page and it looks like it's possible that normal rare cards could be the best CP/DEC option available. However, I am skeptical about buying them due to the high supply of cards out there. So I opted for gold rare and legendary cards because they are more scarce.
Income
My income and all rental price management are done through Peak Monsters because of the tools it provides me. I do plan to update prices closer to the end of the season. Currently, I am a little bit lazy and I generally load in the cheapest price and go through the list to make sure there isn't any large CP to DEC difference between my cards. It's been working out well and I only have to make minor adjustments to the prices.
Above is my previous report's income and below is my current income.
It's another slip in rental income prices even though the market value of my cards has gone up. It's near the start of the season so people haven't been renting as much but I expect things to change next season. With the new rewards system in play next season, we should see some changes to the existing rental system and I don't know if it will be that CP-focused anymore. After all, if you don't have the starter card, you might get a penalty when you use it.
Conclusion
Like last time, I bought a few summoners and I have gotten all my rare untamed summoners to level 4. There was no gladius pack this time but I should have that in a day or two. As usual, I keep myself at 150k CP and delegate the rest out for the income and it's too bad the APR has dropped to just 12%. It's better than nothing so I can't really complain because cards are also costing more in DEC value right now. While the price of DEC could drop further, I think it's kind of unlikely, and prices for buying cards should be more or less stable. I hope the new changes encourage people to rent more throughout the season instead of the season's end and that my income goes up.
What are your plans regarding rentals in Splinterlands?
Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.
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It seems like the rarer cards hold up better than dec, if you sell some cards and stack dec for the airdrop points it loses value a bit.
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Yea I also think that Splinterland cards hold up their value quite a bit. The airdrop points just keep going up and I honestly prefer to have the rental income supplement my airdrop points instead.
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I look forward to days when my Splinterlands assets was worth between $7 to $8k and that was before Chaos Legion, now my cards are worth $4,279.33
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Yea the price has dropped by half but it's still worth more than what it was a year ago. As I continue to build, the value of these cards should continue to go up and I can rake in more income over time through the rental market.
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I see the value of our deck going up as well, it is really worth building.
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Yea it is but it's too bad the rental market has taken a hit and we aren't earning as much DEC anymore. I hope next season's reward changes help change that.
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I am looking forward to the new reward system with the hope of better rewards across the leagues.
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Pretty decent amount of daily income there - nice !
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Well, it's seasonal income (2 weeks or so) but everything adds up over time.
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Splinterlands is a real gold mine, very good strategy.
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Splinterlands is full of opportunity and it kind of depends on people to choose what they are comfortable with. I am generating income in the game and I am using that to create more value for myself in the future. Besides my initial investment, everything else has been earned from the game.
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It is true, the most I have invested is about $25 and I have taken about X4 although I don't play it very often, if I keep investments that will be very good in the future..
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i think one of those things i am missing is rentals because is very profitable, my game play is not bad. your progress every season is worth emulating
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I think the rental market is more profitable compared to playing in the current reward system but this may change in the new season because of a new rewards structure.
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The new reward structure actually favoured active players more and I can wait to join that because this presents reward structure is tiring
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Yea I know but it's kind of tiring already just to do the daily quest. I am not really looking forward to it as much but the rental system might be in more demand after it is released.
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That rentals is something I must look into and see how I can benefit from it
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Do yall think rental income will go up with the new rewards system?
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I think it will because people need to rent throughout the season to make the most of the rewards from the system. I don't think the end-of-season rush will really exist that much towards the end.
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Just another way to make money on Hive.
The opportunities are expanding regularly on here. It is great to see.
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The other day when Actifit Bridge went live and pSPS live on Polycub I got so disorganized with the excitement of tapping into all but failing to tap in lol, so I had to calm down and start attending to things one after the other.
The place will be chaos growth-wise in a few years with so many opportunities coming up.
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I saw the Actifit Bridge but I don't really feel like locking in the HBD right now because of the price of Hive and the savings.
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I did a 100 AFIT transfer but didn't reflect in my Metamask wallet. I think I will give it time, there's still work ongoing over the bridge
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Oh, that is too bad. I think it should work fast if everything works properly so I guess there are some major bugs there.
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Yea I love all the opportunities available and Splinterlands also has a ton of them.
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Thanks for sharing! - @alokkumar121
good rental progress