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CUBLIFE (CL) - Weekly report #31

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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.

Weekly Income

Not a bad week, we harvested about 200 less CUB this week but the price of CUB is the same as last week and LEO has dropped a few percent so it all evens out as far as dividends are concerned. The APY on the bLEO/BNB LP has gone way up to 38% making it our breadwinner this week. EMP normally takes this title but it's not been doing great lately. Its harvests are still good but it's connected to the price of ETH and it's taken a hit so smaller harvests.

The APY for this week is 20.61% which is perfect for us. 20 is plenty, we don't need to be greedy.

  • Blue = BSC

  • Orange = POLY

  • Black = Gas tokens

The wallet value took a small dip this week, not much, maybe $110 down. Lots of things are down in crypto over the past week but BNB is up 10% and lots of our LPs contain BNB. Collectively we have 4.79 BNB in LPs so yee-haaa for us.

The week i converted half of the harvests into HIVE and then into LEO. The other half were invested into the bHBD/BUSD LP on CUBfinanace.

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

I wrote a post the other day about maybe opening up some conventions from LBI token to the CUBlife token. I think a few of LBI's token holders would prefer an LEO income over growth. Of course, CUBlife will grow but its focus is not so much on increasing the token value and more so about providing a dividend while reinvesting enough to keep up with declining harvests.

So I'm 96% sure we'll do this LBI to CL conventions and CUBlife will get a nice boast in wallet value. I will be putting limits on the LBI to CL conversion, not sure of what amount yet but I know I need to be careful. We can start small and work our way up. Going big with no limits would most likely cripple LBI's non-HIVE assets. I will be releasing a post related to this on Monday from this account.

At this point of the market cycle, I'm starting to turn from bearish to bullish. I still do not think the bottom is in yet and the market could flash crash for a day are day two and we could see $12-13k BTC. If your buy-in weekly, you would maybe miss that anyways so but I don't think we are far from starting to DCA in cryptos might be the plan starting in a week are 2's time.

Not really sure what to do because Kingdoms on CUBfinance don't work for me on any of the 4 wallets I operate so...not sure. The problem is not for this week as I like to see the markets go sideways for 2-3 weeks before switching the plan over from stake stables to stake cryptos.

Thank you for taking the time to check this week CUBlife's report. Dividends will be shipped out this evening and I hope you all i fantastic weekend.

Posted Using LeoFinance Beta