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CUBLIFE (CL) - Weekly report #46

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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

  • Blue = BSC

  • Orange = POLY

  • Black = Gas tokens

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

Good news for our wallet value and bad news for the dividend APY. The wallet is up $900 from last week, which is roughly a 15% jump. The dividend APY is down around 2% but it's based on the wallet value so when crypto moons and our wallet value increase, some amount CUB harvested represents a small slice of the wallet value. This results in a lower APY but higher value tokens. Bittersweet.

CUB is trading at 1.7 cent the same as last week and im happy with that. I mean it crap that CUB used to trade for over $10 but hey, now it's found bedrock, yields are steady and consistent which is good and easy to plan around.

This week i converted 100 BUSD into HIVE and then into near 2000 LEO. This will pay dividends for a few weeks and give a chance to buy up some crypto before things really start popping off. Im a fan of stock-to-flow and the market is going to start to turn. The dollar amounts predicated in S2F have failed 100% but remove the dollar amount predications and the stock-to-flow chart still works. We buy cryptos until the market cycle turns from any shade of blue to purple (500 to 100 days before the next BTC halving) and that is the times we are living in now. At purple (100 days before) we hold and wait for the moon at around 900 days from the next, next BTC halving in 2028, we convert to stables and wait for the next crypto winter.

Problem is where to part any cryptos to earn a yield? CUBfinance has been good to us, it is our bread and butter but Kingdoms don't work and thats sucky. Im really only interested in buying top 20 ranked cryptos for us. These earn a smaller farm yield but long term, they can yield much more.

Good crypto

  • Invest $1000 into BTC and hold for 2-6 years
  • Earn a crappy 10% APY yield from farming

Crap crypto

  • Invest $1000 into a farm token and hold for 2-6 years
  • Earn a tasty 50% APY yield from farming

Results after 4 years

  • Good crypto is now worth $5000 and that same 10% now represents a 50% APY based on your invested amount
  • Crap crypto is now worth $100 because its massively inflated and there is always more selling and buying. Your tasty 50% now represents a 5% APY based on the invested amount.

Oh, how the tables can turn

Mind Blown?...

...and on that note, dividends will be shipped out this evening and i wish your a wonderful weekend.