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CUBLIFE (CL) - Weekly report #63

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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

Yeee-haaa, we're back to over 20% APY. Total harvests from Cubfinance were 950 CUB and 1675 CUB worth of ESHARE from EMP. CUB's price is up a little bit on last week and LEO has remained the same so, more CUB equals more LEO and higher priced CUB means more LEO again. Dividends are still being split pretty much 50/50 between liquid CL holders getting LEO and staked holders getting more CL tokens.

In terms of LEO, dividends this week are 50% more than last week 😊

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

Not only is the APY up this week, the wallets value is up as while so we're having a really good week this week. Must of this growth has came from our ETH holdings in EMP. The wallet is up around $1800 from last week. Looking out 4-6 months downt he road, i still think we are in a bear market so this current pump might continue but i feel confident that the market will reverse and the bear market will continue. I hope im wrong because i like making money :)

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

Its been a great week and i hope it'll continue on till week. CUBlife having an APY of over 20% has made me feel very happy and it's to know were not dead in the dirt yet and there's still life in us. I have a few ideas on how to distribute more CUBlife tokens but im currently time poor and can only commit a few hours here and there but we're in a race.

Dividends should be shipped out this evening so watch your wallets for that and have a fantastic weekend.

Posted Using LeoFinance Beta