CUBLIFE (CL) - Weekly report #52

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 and dividends

Yeee-haa, been able to get the APY back up there again. Well not back up there but much better than the 10% APY we had last week. The bad news is the markets have been getting destroyed, they look to be bouncing from the drop but make no bones about it, things are bad from here on out for the next while. We are in a bear market for sure and Terra has been the confirming pin in the bubble for this market cycle. This is ok, this is what markets do, now we have to do the shitty part of investing and watch the value of our holding decrease over months. It's ok, in 2-3 years when everything pops off again, we'll be setting it very nicely to take advantage of what is happening in defi then, it'll be something we could not even understand now same as if you tried explaining defi farming, DOGE mooning to over $0.70 per token or jpeg's of PUNK profile pictures selling for millions of dollars to someone from 4 years back and they'd think your crazy.

So earnings are up, thats awesome and we are back to over 30%. I moved some funds off CUBfinance and put them into another farming project on BSC. It's APY's a little higher than CUB's and it's invested into an ETH/ETHpeg LP. I converted the harvest to CUB and its 3/4 of total earnings. This was funded from profits and nothing was liquidated from either any farm are the CUB kingdom.

Blue = BSC
Orange = POLY

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.

Leo

Hive

Roundup

We're in the bear market now so I guess the only thing we can do is to stack as much as we can while things are cheap so when the next bull run comes a running, we will have massive amounts more holdings. For CUBlife, its converts 60% of harvests to LEO and CL with teh other 40% being reinvested. So the thing is compounding during a bear market is the same as compounding during a bull market. If you are earning say 5% on BTC in BTC, then what does the dollar value matter on a week to week or month to month basis. We use our holding to produce yield and we reinvest 40% of our yield to increase our next yield a little bit. It does not always work out that way if the token your farming decreases or the market crashes. Either way with more CUB farms planned for other blockchains, CUBlife still has lots of opportunities for growth.

Posted Using LeoFinance ^Beta