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CUBLIFE (CL) - Weekly report #41

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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 week has actually been decent, there was a problem with EMP last week so we got double rewards from that this week. It's nice to the CL APY back up to over 15%. It's most likely only going to be this week but hey, we'll take it. We pulled in over 2000 CUB and its normally around 1200-1400 so awesome.

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

The price of LEO took a wee dip this week down around 10% from last week and because this is our biggest holding, the overall value of the wallet has dropped a little but not by much. I have been saving BUSD the past couple of weeks and its time to start buying some crypto i think. I'll be going some ETH first and no idea really were to park it. I need to find some defi farm i guess because kingdoms don't work on CUBfinance.

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 starting think that we need to venture outside of CUBlife some more. I know were already in EMP but that's ETH and im not interested to add more there atm. I guess because harvests are still being converted to LEO, it's justifiable and the end goal to get more LEO. I know a few good farming automaters that offer good APYs, (30-50 APY) with good cryptos, not cheap that will drop in value 90%+. I'll take a look at this within the next week and update next week.

Thank you for taking the time to sure up to date with CUBlife. Dividends will go out this evening.

Posted Using LeoFinance Beta