Authored by @silverstackeruk
Hello, LBIer's and CLer's. Welcome to this weeks CUBLIFE (CL) token update. We are going to look at this week's CUB harvests, reinvestment and weekly dividend APY. This update post is released weekly, dividends are paid in LEO every Friday at 9 pm UTC and new CUBLIFE (CL) tokens are issued once per month every 21st.
What is CUBLIFE?
CUBLIFE (CL) in a nutshell is a hive-engine token dedicated to investing in CUBfinance that pays out weekly dividends in the form of LEO. All LEO/HIVE raised from monthly token issues is invested in CUBfinance. 50% of weekly harvests are converted to LEO and issued to CL token holders, 40% is reinvested back into the platform and 10% goes to LBI as an operators fee for maintaining and actively managing the wallet.
- Blue = Farm
- Orange = Kingdom
This week, we harvested more CUB but the price is down a little because everything is down a little. And because everything is down a little, we ended up with around the same amount of LEO as we did last week so it's all good. This week 40% reinvestment went into the BTC/BNB kingdom, we added 130 CUB's worth in the CUB/BNB farm from funds got from CL stakers. 204 CUB were converted to BLEO in total, to get 286 BLEO, 207 for liquid holders weekly div and 78 for LBI. The APY is around the same as last week but it is overall going down.
This month's CL token issue
Every 21st of each month, new CL tokens are issued to those that have sent either HIVE or LEO to the @cublife before the end of the 20th. The month goes 21st-20th. If you send in funds on the 21st, you'll be waiting till next month. Conversions take place once per month on the 21st with new CL tokens being minted to the same value as the existing ones in circulation. There are 12 CL token issues per year.
You can transfer LEO/HIVE or HIVEp from hive-engine. If you send both LEO and HIVE, you will receive 2 token issues, 1 for each. You can confirm your funds have been received in the table below which are posted weekly and updated 2-3 times per week.
Roundup
We do what we do and we'll continue to do that. We convert harvest into kingdom investments and rinse and repeat every week. We dont move funds about, we just grow what we have already, a pretty simple plan.
Thanks for taking the time to check out this weeks CL report. We always keep it short and sweet because there's not really much to talk about to be honest. haha
Have a great weekend everyone, div's will go out this evening (Friday) as always.
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I think CUB APR will probably continue to go down for now but it should go up after the PolyCub comes out. If there is an announcement for last minute buys, we might be able to see some last minute buys as well. On a side note, I have heard that PolyCub is being delayed due to the audits so I hope we can see it soon and I am glad its not being delayed due to development.
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Thanks for continuing to "do what you do"! I really appreciate it! It's always nice to see those rewards in my account on Saturday when I wake up!
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Another good week. It's the consistent APR for me. For cub price, I expect PolyCub release to push them up a bit
Good update and we be joining the initiative too for the coming month.
Didn't we normally show up on a chart when we have transfered Hive or Leo? Because I transfer weekly
Other than CUB being on BSC while Cub Life is on Hive Engine, is there a difference between these two assets?
CUB has to be approaching a bottom soon. Once pCUB airdrop finally hits, it should really experience a relief rally, possibly a lasting shift. Time will tell...
Posted Using LeoFinance Beta