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CUBLIFE (CL) - Weekly report #31

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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

Harvest this week were the same as last week at 500 but the price of CUB has decreased and the price of LEO so we get less LEO this week. The total staked tokens are 7090, this is 31.73% of tokens in circulation. 15,254 remain liquid and 257 are on the market for sale. I notice alot of people in the top 50 token holders list are doing both staking and holding liquid, that's great to see people doing both, compounding CL and getting LEO.

From a total CUB harvest of 499, 204 were converted to bLEO (Dividends and LBI's 10%), 95 were converted to CUB/BUSD farm (CL mintage) and finally, 200 was invested into the BTC/BNB kingdom (40% reinvestment)

Weekly APY from launch

Weekly CUBfinance holdings from launch

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 an ok week for us, with CUB down and LEO up, what can we do? We can only go with the flow and stick to what we are already doing.

Div's will be paid this evening same as always

Have a great weekend everyone

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Posted Using LeoFinance Beta