CUBLIFE (CL) - Weekly report #53

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

Earning this week are up on last week and we hit almost 40% APY we harvested a decent amount this week from our new farm. The dividend pot is worth 782 LEO this week with that being split 388 LEO to liquid CL token holders and 394 LEO's worth of CL (97.43) going to CL stakers. It's been a great week for us compared to how it has been over the past month. CUB harvests are down alot but still amounted to around 5/13th's of this week's income with the remaining 8/13th's coming from our other farm. I take harvests from the other farm and convert to CUB as it makes accounting and arranging dividends and reinvestment money easier. All in all, great week for CUBlife.

• Blue = BSC

• Orange = POLY

The wallet this week is pretty much the same as last week with a difference of around plus $150 but the price of CUB and LEO is the same as last week. 1 thing i need to do is get our polyCUB airdrop, I have not claimed it in around 4 weeks as each time I try, it does not show up even after F5ing it. Im, sure it'll show up someday. Im guessing we have a few to claim, like a few hundred. I'll keep checking and fingers crossed, it'll appear and I can claim it.

Looks like the market has chilled out from last weeks madness and we'll see a sideways to declining market for the next 12-18 months. CUBlife will stick t it's guns of 50% of harvest converted to LEO and the other 50% to be reinvested. During the bear market, we could beable to get some decent amounts of cryptos we use in kingdoms by dollar cost averaging each week. Maybe the crypto market jumps 20% next week and the bullrun is on again, it might but we prepare for the worst.

Total wallet is under $10,000, my main goal is to get that back to over $10,000. It will not help with anything, I just think 5 figures is better than 4 and i think that even in a bear market through weekly compounding, I can get this wallet back over $10,000 in a 6-12 month's time. I know that sounds like alot of time to add $1000 but in a bear market when things are going down, you fighting an uphill struggle and when we also factor in the harvests are paid out on dollars holdings (which are declining), its more like an uphill struggle with 1 leg. Not impossible, just a little hard.

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

It's been a great week for CUBlife. Dividends are back up to near 40% APY, our holding or same as last week which is better than less and we're crushing. That's the roundup :)

Dividends will be shipped out this evening as always and i hope you guys are have a fantastic weekend.

Posted Using LeoFinance ^Beta