CUBLIFE (CL) - Weekly report #36

3 Min Read
582 words

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.

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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.

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  • Bue = Farm
  • Orange = Kingdom

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Ok folks, we are back to reporting. I have lost all the numbers for making charts but this is annoying but essential, we can build new charts from new data.

Ok so CUB is down on last week, im not exactly 100% sure of it is down but im used to writing, Ok", CUB is down this week" as it's how i start this report every week. Part 2 is normally, "But we got more CUB this week".

But for real, CUB is down while the rest of the market including LEO is going sideways at best. The APY for CL tokens is still on the decline. I was sitting at 40% for the longest time but it's dropped a little in the past few weeks. This is my first time seeing the proper APY in 2 weeks myself and i was a little shocked to see it dip under 30% for the first time. Dont forget the total APY of the wallet is 58% and dividends are half. When i say we're making 29%, that's going half of our income.

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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.

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Roundup

For anyone tat has sent in funds for the 21st, i have your transaction recorded but the sheet is nasty looking and i'll fix it up to be presentable for next week.

All in all, it's been another week. Are we in a still in the bull market or have we switched to a bear market? Who know? nonbody, that who. But we troop on and do as best as we can.

Some good news i see a few more are now staking CL tokens as we get closer to CLs supply being 50/50 staked and liquid. Dividends will have already been sent out so check your wallet :)

Have a great weekend everyone

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Posted Using LeoFinance Beta