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CUBLIFE (CL) - Weekly report #40

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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

This weeks harvests and dividends are pretty much the same as last week with nothing exciting happening. The APY is low I know but remember that the dividend APY comes from 50% of harvests as the other 50% is reinvested. This means if you receive a 5 LEO as a dividend, 5 LEO worth of crypto has been added as reinvestment.

  • Blue = BSC
  • Orange = POLY
  • Black = Gas tokens

Wallet is up around $200 from last week which is cool. It's mostly up because ETH is up alot and EMP is pegged to ETH (supposedly). At least the price of CUB has been remaining stable which is pretty good. Would be nicer is it stalled at 10 cent or even 50 cent but hey, thats the way it goes sometimes.

Looks like the bottoms have been in and we can see that now a few months and small recovery later. We can never see the bottom at the time, only after a few months can we see it. I'd say we are still in a bear market overall but i don't see everything crazy bad happening this year, 2022 took most of the damage i think and 2023 will be sideways mostly to up a little.

It'll be a good year to collect up some assets and prepare for the next bull.

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

Not a bad week, not a good week, just a normal week which is good i guess so i don't know. Dividends will go out this evening and i wish you all a happy weekend.

Posted Using LeoFinance Beta