CUBLIFE (CL) - Weekly report #67

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.

Weekly Income

We just scraped a 20% APY dividend this week by our fingertips. The total yield is down this week compared to last week by a few hundred CUB. This is because last week, we collected on a small kingdom that we harvest only once every 4-5 weeks to save on fees. In terms of LEO, this week's dividends are pretty much the same as last week's 199 LEO compared to this week's 193 LEO. At the end of the day, the weekly LEO amount that is paid out is the most important number as a LEO income token.

• Blue = BSC
• Orange = POLY
• Black = Gas tokens

We've took a hit of $350ish this week to our total wallet value but that's the times we are in with crypto these days. We've had worse weeks. EMP is currently under peg which presents a chance to earn some ETH through impermanent loss (gain for us 😁). We can reinvest into the EMP/ETH LP until it regains peg and then switche over to reinvesting into a stable token farm on CUBfinance. On the EMP front because is underpeg by alot, down to 0.82, If you were to put 0.82 ETH into the LP today and waited till EMP regains peg, the same LP will be worth 1 ETH if that makes sense. 25% ETH gain. All if it can regain peg, i exit at 0.70 if anyone is wondering.

Everything else is doing what it's doing. I'd like to rearrange the farms around but im, not 100% sure yet which to cut and which to join. We can 100% improve the overall APY from CUBfinance.

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

Not a bad week at all, the wallet value is down a little but LEO dividends are about the same. We continue on with this and just build out what we can during the next few years and hope the fruits of our my labour pays off for us. Wen next farm? It's been like ages already from POLY was launched, haha.

Dividends will go out this evening as always folks, have a great weekend.

Posted Using LeoFinance ^Beta