On July 9th, at 8 PM Singapore time, the liquidity LP staking event for the blockchain game SERAPH has successfully concluded.
Let's summarize the income I earned from participating in this LP staking event:
🔥 From June 12th to July 9th, I only staked for 27 days (I started staking 3 days late; the staking event began on June 9th and lasted for a total of 30 days), accumulating rewards of 34,172 $SERAPH tokens.
At this time, the coin price is 0.1943u, with a total staking income of 6,639u.
Considering that after the staking ends, the SERAPH and USDT token pairs I staked, along with the rewarded SERAPH tokens, will take a week to automatically return to my Actpass wallet account, the token price may change after a week, and the staking income converted to u will also vary.
If there are no new gold farming activities announced for the Seraph game in the near future, the coin price will likely drop somewhat, as many players and users need to sell their staked SERAPH coins to cash out into u, in order to play other projects that allow for immediate gold farming.
After my staked SERAPH and USDT are returned, there will be an income from liquidity mining (adding liquidity for this token pair on Pancake to earn transaction fees), estimated at 2,500u. I will check the details on Pancake and share with everyone afterward.
Supplement:
🔥 Staking rewards received on the last day of the staking event, from July 8th to July 9th: 628 #SERAPH tokens (34,172 - 33,544), with an additional staking income of 122u.
🔥 Total value of 4 liquidity stakes today: 19,760u (down 17u from yesterday's 19,777)
🔥 Initial amount of staked tokens: Approximately 18,000u in SERAPH and USDT (as shown in the third picture)
🔥 Staking start date: June 12th
After playing blockchain games for so long, this time the income from token liquidity staking is the most considerable, and it does not require daily gaming grind; it is pure passive income. If one engages in gold farming in the game, it will require a lot of effort; the speed of leveling up, upgrading equipment, and defeating bosses in the game, along with the effort put into calculating finances outside the game, all contribute to whether one can earn more than others.
Comparing this year's other blockchain games that caused me losses, and the low period for Seraph from the preseason to this S3 season, it is evident that Seraph has found the correct approach to sustainably operate a blockchain game.
Looking forward to S4 season!
