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CUBLIFE (CL) - Weekly report #64

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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 just scraped over the 20% APY target so im very happy. Not much change in the prices of both CUB and LEO from last week so earnings are around the same, a little less but not much. This week's harvests came as around 900 CUB from CUBfinance and around 1400 CUBs worth came from EMP. The price of ETH going up has really give EMP earnings a nice boast.

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

The dollar value compared to last week is down $178 so nothing really, well it's 2.1% down. Anything connected to BNB is up and the rest are down a little. I have compounded into EMP for the past month because it was under peg and because of IL, it was like buying discounted ETH. Now that EMP is back to peg, I might start from next week to get into some sort of stable token LP on CUBfinance and try to build a stack in stables. Stable token LPs are predictable and it would be nice to add some stable income to our harvests.

Would be awesome to hit $10k+ again but I still dont see it happening. Maybe im too sceptical but I think this current market run will be short-lived and prices will decline again to new lows. I hope that does not happen but I think this is the bounce from the massive dump we've had over the past 2 months. Considering our wallet maxed out at $17,185 and most crypto's being down 70-80% from their last all-time highs, we're doing ok with still having $8150.

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 pretty good week. CUBfinanace harvests were consistent and EMP earning were down a little because I only collected farming rewards. We earn EMP from the "boardroom" but it's small amounts and I only collect every 3-4 weeks. From next week, I'll get us into some sort of stable LP on CUBfinance. I had considered polyCUB but I hate the POLY chain so much, I can't use it so it's not really an option. Wen next farm?

Dividends will go out this evening, the rewards to still being split pretty much even between liquid LEO and CL tokens which is pretty cool. Have a great weekend everyone :)

Posted Using LeoFinance Beta