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CUBlife staking start's tomorrow - Stake to auto-compound CL's at 50%

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Hello everyone, I normally do CUBlife stuff on Fridays but instead of this news being buried in tomorrow weekly report and not seen by many i thought i make this announcement into its own post to get the word spread to as many CL tokens holders as we can.

Starting tomorrow

What's the news?

I've finally got around to enabling the staking option for CUBlife (CL). Well, I asked @amr008 to tweak the code a little then I borrowed 1050 HIVE from SPI to buy 1000 BEES and then enabled it.

Starting from tomorrow, everyone is free to stake their CL tokens to receive CL as a dividend, sorta like auto compounding. You can stake right now but you'll miss out on 1 day worth of div's because div's are set up to pay out on your average 7-day average holding to stop reward whoring.

You will have 3 options to pick from

1/ (Earn) - Hold CL tokens liquid to receive LEO as your form of dividend

The LEO you receive each week will come from CUB harvested each week. We harvest CUB, convert it to bLEO and unwrap it back to Leofinace where it is sent out to liquid CL token holders.

2/ (Save) - Stake CL token to receive CL tokens as your form of dividend

The CL you receive will come from CUB harvested each week. We harvest CUB, invest it in either bLEO/BNB, CUB/BNB or CUB/USDT. We work out the price of the CL for that day, mint and issue new CL tokens to CL token stakers.

3/ (Earn & Save)- Create your own "CUBlife Kingdom" - Stake and hold liquid CL to auto compound and earn a LEO income.

This is a mix and match where you create your own LEO income/CL compounding plan by taking advantage of both options 1 & 2.

It's up to you really, you can earn, save or do both.

Rules around staking

  • 1-day unstake in 1 transaction

Nice and simple, no need to hold up anyone's investment. The code works out the average 7-day holdings for each token holder so there are no worries of double-dipping.

What result should we expect?

We should expect CUBlife total holding's increase as more CL will be getting minted and issued. Currently, new CL tokens are minted and issued on the 21st of each month but we dont issue that many, it's always a little less each month. This is understandable, CUBlife was released a while back and even if I've been consistent, I've not upgraded CUBlife in any way yet.

Because LBI receives a 10% fee, the bigger the holdings, the more income this should produce for LBI. If for example 50% of tokens were staked, we'd increase the CL circulating supply by 20-25% with 1 year. This increase's harvests by around the same amount which increase's LBI fee. Remember that existing token holders are not diluted in any shape are form from the new CL token being minted.

That's it, short post as it's more of an announcement. Dont forget there are only 2 days left to get involved with CUBlife and get some tokens for this month. You can send any amount of LEO or HIVE to @cublife and you will receive CL tokens on the 21st.

HE link to CUBlife (CL) listing - https://hive-engine.com/?p=market&t=CL

Posted Using LeoFinance Beta