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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.
This weeks harvest amount was within 2 CUB of what we earned last week which is good. Sadly the price of CUB has declined from 66 cents last week to 59 cents today. LEO is up which is good for lions but bad for the amount of LEO we get when converting CUB to bLEO so we convert the same amount as last week but get less LEO but the LEO you get is worth more so it alls evens out I guess. I know a few people that have got wrecked big-time from chasing the highest APY's
This week's 40% investment money went into, yep you guessed it if you are a regular reader, into the ETH/BNB kingdom. The APY for this LP is pretty crappy but im focused more on the tokens in the LP over what % it pays out. I know a few people that have got wrecked chasing 200-500%+ APY's with shitty tokens. Most of what is in Kingdoms is ok, to be honest. I'm just a BTC and ETH whore. 😁
You can see that this week APY is 55%,...bummer. Weird to be bummed out at earning a 55% APY but when you get used to 70-90%, 55% is kinda 🤔. Still, 55% is cool and it's good. You can see from the APY's above that they have dropped, this is because of BNB/ETH going up this week and results in a higher CUBfinance TVL which is good for everyone because our wallets are worth more.
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 
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.
It has been a decent week. It's a bummer that CUB has gone down a little but im sure we'll see another pump as more news is released about CUB on the POLY blockchain. The value of our wallet has gone down in terms of LEO value because LEO has increased over the past week but the dollar value has increased which is always good. Our ETH/BNB kingdom will take maybe 2 more weeks to get into the $1100-1200 range and then we'll move to BTC/BNB which is paying out 30ish% and BTC of course, the holy grail of cryptos. We need to have some within this wallet.
All in all, the LEO dividend is week is down but your LEO is worth more so swings and roundabouts really. Only gonna take a small amount out this week to put toward the auto compounding idea. Dividends will arrive in a few hours as they do every Friday.
Have a great weekend ! (sorry if you have to work at the weekend)
Saving for staking running total.....
16/07/21 - +79.17 LEO - Total 79.17
23/07/21 - +46.95 LEO - Total 126.12
30/07/21 - +23.18 LEO - Total 149.30
