Sources of inflation for a token are expenses whose costs are shared by all asset holders in the ecosystem. From that perspective, it is of the utmost importance to ensure that all sources of inflation are providing enough value back to the ecosystem to make up for their costs.
The DEC inflation pool for Uniswap liquidity providers was first initiated in late 2020 in order to encourage players to provide liquidity for the token, but now that much of the token trading volume has moved to PancakeSwap on BSC or Diesel Pools on Hive Engine, plus the addition of the SPS airdrop rewards, this 100M DEC per year inflation pool is no longer providing value back to the asset holders.
As a result, the DEC payouts for liquidity providers in the ETH-DEC and DAI-DEC pools are scheduled to end on Uniswap on Thursday, March 17th, 2022. At that time these tokens will be reallocated to the ranked battle reward pool.
One of our top priorities from a game economy standpoint is to increase the rewards for ranked battles in Splinterlands, especially in the higher leagues, to add additional incentive for players to buy and rent cards in order to move up. This change is the first of many that we plan to make towards that goal, and it allows us to take this pool of 100M DEC per year that is currently providing little to no value and redirect it so that it adds direct value to Splinterlands card holders and players.
Please keep in mind that this is only for DEC rewards and the daily SPS airdrop rewards for Uniswap liquidity providers will not be changed. Additionally, players will have 30 days from the date the rewards end to claim any unclaimed DEC rewards from Uniswap liquidity positions, after that point the option to claim the rewards will be removed from the game website and any unclaimed rewards will be forfeited.
Stay tuned for more updates from the Splinterlands!
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NOTE: All rewards from this post will be burned.
I hope this update will really improve the ranked battle rewards. I just could not understand that with a 100% capture rate and even a series of wins at Silver III, receiving at least 2 DEC as a reward appears to be very difficult.
tbh the answer is simply to get more DEC get higher rank in gold 2-3 you will be getting around 20 dec per win
That's in my book maybe before the end of the year for I am helping three accounts to climb upward. What I am saying is that there was a time I think two or three months ago that I was even receiving 10+ DEC per win at the same capture rate and league. Though I don't expect that those days will return, but I am anticipating that this recent update would improve the Ranked battle rewards somehow.
This is one of the smartest decisions I've seen out of Splinterlands in a long time. Now if you'd take the next step and have smalp remove his $5 million worth of cards from the rental market until the game catches up we might re-enter the boom of July and August.
smalp, is aggroed. if you want him to remove all his rentals, then he would call you entitled, and say you want more for doing less. looks like he wants more for doing less, while taking away the value from his own players
cringe
Good changes, I will have to admit when you have over $100,000 valued account and you only make $0.15 a day in quest rewards it starts to make it not worth it lol. Looking forward to seeing more of the fees and such to be paid back to those who are actively playing and promoting splitnerlands.
Sweet update right there!
When it says higher league. What is the specific league it refers to? Gold? Silver onwards?
It's a good news for the cards holder.
Wondering how I can participate in uniswap pool?
Any explanation is appreciated.
This would most likely affect Bronze 1 and up since B3 is the one where you receives DEC. By "especially in higher leagues" meaning that silver 3 and up would have way higher advantages and the higher the league, the more the rewards rack up.
This makes sense because the jump on each league, for example, Bronze 1 = 6000 power but S3 = 15000 power, is too much. We might see a 5-7 dec per win again on s3 which would make sense.
Today, I'm in Gold 3. I'm getting 5-6DEC per win. If this could be doubled, it will be great.
I'm in Silver 1 and also earn 5-6DEC per win with bonus from GF
Donno why I get so little DEC(5-6) for each win at Gold 3. Get same or even less than what I got at Silver. My ECR is at around 70-80%. And there were 20-30% bonus up from continuous wins.
That's why I rent out my card and stay in Silver rather than move up to G3. The advantage of G3 is 6 daily reward chests but I can use rental income to buy cards
Good choice. See how they will change to motivate player to move up league.
That was very insightful. Covid hit hard and that backlash would be finished FINALLY by next month so after that, it's like what you said, invest. I'm gonna get me a good deck and with Splinterlands Dev finally putting a help in the Rewards pool to make sense, it also makes sense to grind away again. As long as the rewards offset the rentals, Splinterlands would be playable again for poor ol people like me who like the game but have financial concerns atm.
My expectation is that Silver will see a minimal (or no) increase, and that successively higher leagues will see higher rewards. The problem this needs to fix is that of it being more cost effective to run 10 bots in Silver rather than play one account in a higher league. To achieve this the Gold+ leagues need their rewards increased much more than Silver.
Agree. Today a lot players don't want to move to higher league. For example, I have 100K CP. Instead of playing in GOLD 3 to get daily 6 chests and end season 22 chests. I can split my CP into 6 Silver 3 accounts(90k CP) and rent out 10k CP to get significantly higher rewards with 12 daily chests and 72 end season chests. (Although the chest value is different between silver and gold, but today is not as big as 3x.)
At the same time, I'm also playing another Hive Blockchain game, and they clearly announced - no bots and multiple accounts. Not sure how AMA is going to fix such issues.
awesome, we're all going to be rich!!!!!!!! 😎
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Awesome!
This is exactly what I'm waiting for :)
Happy to see the game is making some move to increase Ranked reward.
Thanks for the update team... love data-driven decisions!
Questions:
1.) Is there currently DEC rewards for supplying liquidity for PancakeSwap or Diesel Pools? I think from memory the PancakeSwap rewards are in the Cake token...
2.) I guess once the SPS airdrop finishes in 136 days there will be no extra advantage for supplying liquidity to the Uniswap pools over their 0.3% fee sharing?
3.) Would there be any advantage to lowering the DEC inflation of the 100M per year by half instead of adding the Uniswap liquidity pool portion into battle rewards?
I just started Splinterlands a month ago and managed my way up to Silver. So far I haven't earned much in the game. But I started to play and invest long term into the game. I really like that you take care of the games economic system. Keep up the good work! Greetings from Berlin!
As a huge LP provider for the DEC-DAI LP, I'm annoyed by this decision, but am in full support of it simultaneously. I support its long-term ambitions, but am upset that I am required to perform more TX's on ETH just to retrieve my funds... I wish there was a parting fee as compensation for the effort.
Good decision to have a higher reward pool.
Any plans or things that AMA is thinking to stabilize the sps value?
with such dumping trend, it definitely harms the growth of the project as well as the new player pool.
Does that mean that you will get more DEC from a ranked battle or there's just more total for that pool of DEC? If you get more for the battles, that will be great for DEC earnings especially for new players.
Nice, I hope I can get more dec on ranked battles
Yeeyyy! I hope DEC rewards for Diamond/Champion will also increase because it's too much of a net loss to play in those high leagues through rented cards.