CUBLIFE (CL) - Weekly report #11

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.

• Black = Farm
• Grey = Kingdom

So earnings this week are a little less than normal. The price of CUB has declined a little after the POLYcub news pump and LEO is up some so this results in less LEO for the dividend. It's not like it's failing by earning 65% APY but it is the lowest week to date. Only last week I said the APOY had not dropped to under 70% yet so this week, I'll say the APY has not hit 150% APY yet!! We can get by on 67% but if the price of LEO increases against CUB, we get less LEO so smaller APY.

This week we minted 442 new CUBLIFE (CL) tokens to investors on the 21st just past. There are a few people looking to get a passive LEO income and they are stacking piles. That puts the total to just over 19k in circulation. The LEO and HIVE collected this month were invested into the bLEO/BNB farm. It's the lowest of the big APY's farms but can't go wrong with more LEO when it comes to airdrop time.

This week 40% reinvested funds was added into the ETH/BNB kingdom. As you can see from above, it growing nicely and we've almost hit $1k which is a nice place to be. I have also held back 46.95 LEO for the auto compounding feature we (most) what to add.

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.

Leo

Hive

No HIVE funds received yet

Roundup

Pretty boring week all in all. We harvested less CUB but the value of some of our farms are up last week even after we consider the investment made on the 21st. I'd say it's been a good week and we continue to stack what we can and build something pretty solid.

Saving for staking running total.....
16/07/21 - +79.17 LEO - Total 79.17
23/07/21 - +46.95 LEO - Total 126.12

Posted Using LeoFinance ^Beta