Hello everyone, I normally do CUBlife stuff on Fridays but instead of this news being buried in tomorrow weekly report and not seen by many i thought i make this announcement into its own post to get the word spread to as many CL tokens holders as we can.
Starting tomorrow
What's the news?
I've finally got around to enabling the staking option for CUBlife (CL). Well, I asked @amr008 to tweak the code a little then I borrowed 1050 HIVE from SPI to buy 1000 BEES and then enabled it.
Starting from tomorrow, everyone is free to stake their CL tokens to receive CL as a dividend, sorta like auto compounding. You can stake right now but you'll miss out on 1 day worth of div's because div's are set up to pay out on your average 7-day average holding to stop reward whoring.
You will have 3 options to pick from
1/ (Earn) - Hold CL tokens liquid to receive LEO as your form of dividend
The LEO you receive each week will come from CUB harvested each week. We harvest CUB, convert it to bLEO and unwrap it back to Leofinace where it is sent out to liquid CL token holders.
2/ (Save) - Stake CL token to receive CL tokens as your form of dividend
The CL you receive will come from CUB harvested each week. We harvest CUB, invest it in either bLEO/BNB, CUB/BNB or CUB/USDT. We work out the price of the CL for that day, mint and issue new CL tokens to CL token stakers.
3/ (Earn & Save)- Create your own "CUBlife Kingdom" - Stake and hold liquid CL to auto compound and earn a LEO income.
This is a mix and match where you create your own LEO income/CL compounding plan by taking advantage of both options 1 & 2.
It's up to you really, you can earn, save or do both.
Rules around staking
- 1-day unstake in 1 transaction
Nice and simple, no need to hold up anyone's investment. The code works out the average 7-day holdings for each token holder so there are no worries of double-dipping.
What result should we expect?
We should expect CUBlife total holding's increase as more CL will be getting minted and issued. Currently, new CL tokens are minted and issued on the 21st of each month but we dont issue that many, it's always a little less each month. This is understandable, CUBlife was released a while back and even if I've been consistent, I've not upgraded CUBlife in any way yet.
Because LBI receives a 10% fee, the bigger the holdings, the more income this should produce for LBI. If for example 50% of tokens were staked, we'd increase the CL circulating supply by 20-25% with 1 year. This increase's harvests by around the same amount which increase's LBI fee. Remember that existing token holders are not diluted in any shape are form from the new CL token being minted.
That's it, short post as it's more of an announcement. Dont forget there are only 2 days left to get involved with CUBlife and get some tokens for this month. You can send any amount of LEO or HIVE to @cublife and you will receive CL tokens on the 21st.
HE link to CUBlife (CL) listing - https://hive-engine.com/?p=market&t=CL
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This is what we've been waiting for! Do I understand correctly that staking gives you dividends weekly?
P. S I think LBI should sell some dust HE tokens and participate in CUBLIFE in a greater way
How?
Send Hivep to @cublife :P
Oh this is quite nice but I am not sure which option I want to go with. For some reason, I wouldn't mind just holding onto the LEO and use it as I see fit right now.
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That's cool, you have the options to best pick what suits you best :)
That an awesome news ! We were waiting for it for a while !
I'm definitely staking it !! Thanks for that, you're making really great updates !! !LUV and !PIZZA
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Oh dang, all the choices. I am not sure what to do. I want to be sure I am taking advantage of the best percentage of return. Hopefully this gets more people holding long term.
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My thoughts exactly! 😂
!PIZZA !LOL
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lolztoken.com
So they could learn to draw blood.
@bozz, I sent you an $LOLZ on behalf of @gillianpearce
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/6)
It's all the same APY return no matter what you pick. Obvilopusy the price of LEO and CL will go there separate ways but at div payout time, it's ll the same APY :)
Okay, thanks!
Very cool. I've been hoping for this feature for awhile. !LUV
Yeah, took me a while but got there in the end
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Been a long time coming. Earning and saying it is.
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Yeah, it's hard paying $1000 to enable staking but i guess it'll only get more expensive in the coming months.
Cool!
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😁
I would go with option 3, a CubLife Kingdom. It makes more sense to me.
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For sure, go for a little bit of both
Great to finally see the staking option for CUBlife! Turns out I was even too quick to already stake mine earlier this week (I can live with one week without full returns tho).
!LUV
lol, you'll miss on 4 days in total. I staked SPI's CL tokens to test everything is working this week so you might get something :)
I'll see. Every bit of dividend is a nice bonus imo
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This ecosystem is expanding every moment with fantastic opportunity that position many for passive returns. Thanks for sharing this, I will definitely check it out.
Thank for the nice feedback, things on HIVE/LEO are growing it's nice to see
Happy to contribute 😊
Damn, sounds amazing!
😎, thank you
This is great! I will be using option 3.
I just realized reading this that all my CubLife got staked using Hivetask's group staking feature. I will have to be more careful in the future to uncheck the CubLife box prior to staking. :)
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definitely an interesting decision, but since I'm lazy and don't want to fuss with it I'll probably stake those cute bastards :)
Im lazy as well, that's why it took also long to sort it. Not even that hard, more just, i'll do it later cause it's not much work, haha
If you choose option #3 is the Leo dividend less than option #1?
APY is same across the board, your deciding how to receive your dividend :)
Ok so I've staked, anything else to do if I want option #3? Probably not right
Even though it is staked with a one day un-stake it is still pretty liquid, I like that.
I would have picked instant but 1 day, 1 transaction was the min i could pick. No need to keep your investment locked away, no advantage to CUBlife.
Thanks man, i think your the first to mention the 1 day unstaking
Great plan now to decide what to do hmmm will have to think that one over
Go with what your heart says my frind. If I say sell, your broken. haha.
!Beer
Have one on me, started staking
Beer is good :) Thank you
Now you tell me?!
Already staked a bunch :-P
But great to see it being implemented, let's mint some more CL! Definitely gonna go with option 3 with a slight skew towards the saving bit for now, to build something substantial.
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Good stuff! I think I’ll go with staking it myself thanks!
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