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CUBLIFE (CL) - Weekly report - 2/5

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LeoBacked Investments - LBI
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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

Back for another week, getting everything done take a little longer as hivestats is not showing hive-engine transactions and I had to manually search h for things back I go there in the end. This week harvested 503 CUB, reinvested 200 into the ETH/BNB kingdom and then 250 went towards dividends and 50 to LBI.

The numbers in red below are the dividend pools. You can see this week, the liquid CL pool is 208 LEO and the stakers pool is 52 CL tokens. We currently have 45% of tokens staked which is pretty good and because of this, we are reinvesting an extra 112 CUB back into a CUBfinanace farm. This week, I went with the CUB/BNB farm.

Remember all LEO collected from issuing tokens is invested into a farm. All CUB invested from farms is invested into a kingdom.

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 standard week. Today however is the 21st so some new CL tokens were minted and issued, just 600 CL tokens this month which is cool. Im thinking about making minting new CL tokens an automatic thing but the roadblock is getting live real price. I could use HE prices but they can be all over the place and pretty easy to exploit. Not sure it would be worth the effort and if more CL tokens would be issued. I wonder how many hold back and dont invest because they gotta wait until the 21st every month. Tell you what, when 80% of CL tokens are staked, i'll make it happen 😎.

Dividends will be sent out this evening as normal every Friday. Have a great weekend everyone

Posted Using LeoFinance Beta