CUBLIFE (CL) - Weekly report #70

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
Earnings are down a little this week but CUB is up some so fingers crossed next week will be better for us. The APY is not great but it's not bad when we consider that 80% of what is issued as the dividend is put back into growth. We're in a bear market and because CUBfinance harvests are paid in the number of dollars you hold in a farm, it only makes sense if the price of our cryptos drops 50%, so will our harvests. If LEO was worth 50 cents, our harvests would be many times higher. I'd say these sorts of harvests will be what it's going to be in the next 12-18 months. From an outsider's POV, CUBlife will look dead but when the bull market returns, we'll make a mighty comeback as will everyone and everything else. Earning are down some, i think we'll have to get used to these sorts of APYs for a while.

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

Not much change, the prices of a few things are down and i converted 40% of harvests in the stable farm on CUBfinance. It's still only worth $150 but it's growing each week, would be awesome to get this the at least $1000 but might take a few months. The APY's on CUBfinanace have increased since the price of CUB increased by 20% so all good. Pretty much all of our CUB tokens are in 2 CUB farms and we hold a little liquid in the kingdom. EMP is still floating around the 0.50 to peg number and im not sure whats going to happen with it in the future. I check in on it every 2-3 days and check their discord from time to time to keep up to date.

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

All in all, not a bad week. When we think back to the fact that CUB has lost about 95% of it's value since CUBlife was launched and we're still able to pay out decent dividends and reinvest back in, we're doing ok. The plan is to stick to the plan, the future price of CUB is really that important anymore so we continue to convert harvests each week, 60% into bLEO and then unwrapped and 40% into a CUB kingdom or stable farm.

Thats an easy plan and one that well help us to build other cryptos up. Dividends will be shipped out this evening, have a great weekend everyone

Posted Using LeoFinance ^Beta