CUBLIFE (CL) - Weekly report #65

lbi-token (74)in LeoFinance • 2 years ago

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.

Weekly Income

Earning this week has been excellent, we have fallen below 20% APY but only just fallen under and the reason why is not a bad reason. The wallet is worth a little more than it was last week 19.2% is a number im happy with. Keeping in mind, I only talk about the dividend APY, the actual wallet APY is double that because the dividend is 50% of earnings, 40% is reinvested into growing harvest further and the final 10% goes to lbi-token as operators fee for my time.

This week and for the first time, we have more people staking their CL's than holding their liquid. Heading into the bear market, stacking your CLs will reward you very well in a couple of years.

Blue = BSC
Orange = POLY
Black = Gas tokens

Everything is all here this week and our wallet is growing in crypto. I have using reinvest the money for the 3-4 weeks to build up our EMP/ETH farm. The APY is decent but I like it because it is pegged to ETH which is much safer to hold long-term compared to CUB which has only declined. This EMP investment was made with profits from harvesting CUB for the past year. If we'd held all the CUB instead of converting it, it would never be worth $4000 today.

I have no idea what will happen to ETH when this merging thing happens next month but either way, we have alot of exposure to it and if CUB and LEO keep falling, we'll have more. Ideally, CUB would jump to 10 cents and make us feel a little rich again, fingers crossed. Holdings are looking ok and earning us a decent income and dividend.

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

Pretty good week all in all. I've not moved anything around for a few weeks so apart from this week's earnings and wallet update, nothing much more to report. I do plan to push CUBlife tokens to get many more out there but the time is not right yet. I think it's best to sell them when the market is somewhere near its bottom so it's hard to lose for investors. If you'd bought BTC as an example during the last bear market for an average of $10k (it floated $8-12k for 2 years), you'd be sitting pretty now and almost guaranteed to never lose $ value. CUB is cool but it's a farm token and building up some ETH and then BTC after could be a good safe hold and good earner for us long term.

Dividends will go out this evening folks, are great way to start weekend is getting some LEO or CUBlife 😀

CUBLIFE (CL) - Weekly report #65

Weekly Income

Roundup

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