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CUBLIFE (CL) - Weekly report #28

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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.

  • Black = Farm

  • Grey = Kingdom

Back up to 50%, OMG, I never thought we'd see these days for a few more months. So on LeoFinance, it says the price of LEO is 31 cents but the conversion is 25 cents on pancake so if anyone wanted to they do a little arbitrage trading and convert BUSD into bLEO, unwrap, sell on HE. Send HIVE to exchange, convert to BUSD, send to matamask, rinse and repeat. Anyways, dividends this week are 745 LEO which is higher than last week.

You can see that the CL token price is up to 90 cents which is almost break-even which its launch price of $1. Keep in mind, CUB was over $1 and LEO being our biggest holding was higher also when we launched so to be at 90 cents is pretty good. It looks like our Kingdom LP holdings are serving us well. You might be thinking, crap we're down 10% from launch but you're also getting a 45% yearly dividend as well. And...if LEO joins in on the bullrun, the token price will easily surpass $1 again and some more.

Dividend % from launch

Total holdings value from launch

Total holding or $19,926. This is cool but annoys me some because it's so close to $20,000. Maybe next week 🙏

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.

Leo

Hive

Roundup

It's been a great week, we harvested more CUB this week than ever, the div's went back to 50% which is awesome and the token price is headed the right way for now. I'd say, its been a week, lets hope it repeats.

Have a great weekend everyone, div's will be paid out this week as always.

Posted Using LeoFinance Beta