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CUBLIFE (CL) - Weekly report #59

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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 we have done pretty well. We got a nice boast in earnings from something I've been letting build-up for maybe 1 month as it's worth harvesting each week cause of gas fees. The dividend this week rep's 26.5% APY which is up 4% from last week so we can maybe hope to expect a better than average week every 4-6 weeks going forward.

Very happy with the harvests of 1883 CUB, we actually harvested 2083 but I had to convert 200 CUB into BNB as we were running low. My mind is blown away 200 CUB gets only 0.025 BNB. When $10-12 CUB again?

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

Our total wallet has dropped by roughly $300 this week so it's not that bad but not great either. I continue to compound 40% of harvests each week, it's not worth that much now but in a few years when everything is 5xing, $30-$40 a week now turn in $150-200 with time.

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

Another week has gone and it was nice to be able to give this week's dividend a boast and increase the CUBlife APY to over 25% again. We are sorta in limbo at the minute as the market has relaxed for now and we go sideways. We will continue on our path for now, harvest, convert 60% to LEO and distribute while compounding the other 40%. Pretty simple :)

Dividends will go out this evening folks as always, have a great weekend and live your best CUBlife.

Posted Using LeoFinance Beta