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

Well folks, were back down to 40% dividends, was a nice ride for the past few weeks but back to cabbage. I like cabbage. So, the total CUB earned this week were 507, less than last week but higher than the weekly average.

You can see that the LEO price of CL tokens is over 3.5 each and the dividend APY is based on this. If you bought your CL tokens way back when CL was 1 LEO per token, your LEO APY is actually 3.5 times greater because that was your investment cost, not the 3.5 it is today. I dont think many people think things like that, here's an example from SPI's report for it's CL holdings that shows the APY for both the current price and our investment price.

So the chart is back to normal, I'd think we'll see another spike when the pCUB airdrop snapshot is announced. 41.6% is still very good considering another 33.3% is being reinvested into kingdoms to build assets and harvests.

The past days in crypto have been nasty but our holding are looking ok to be honest. LEO is the same price as it was last week, BNB is down a little and the rest of holing are small amounts so we've not been hit that bad at all.

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

Roundup

STAKING is now available for CL tokens

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.

To stake your CL tokens, visit your hive-engine wallet, look for the CL tokens and click the stake button on the right-hand side. Unstaking is 1 day, 1 transaction. I would ahve picked instant if it were an option.

Posted Using LeoFinance ^Beta