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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.
- Black = Farm
- Grey = Kingdom
Hello CUBlifers, this week has been pretty good. It's been a repeat of the week before but a little better so all good. LEO is up a few cents, BNB/ETH is up some and CUB is up 6 cents from the week was very good because it means more LEO dividends. The wallet this week is worth less LEO but more dollars because the price of LEO has increased. 1 advantage to this is CUBlife tokens cost less LEO then they did before. Ohh, there's 2 weeks to buy into this months CL token distribution. Thought i would add that in there as we're not collecting many funds. We're paying out 50%+ in LEO every week, we should have sold a million by now.
So harvests this week were down by around 2 CUB but CUB is worth 5-6 cents more so whatever, we're winning. Happy to see that's this weeks div is 60%, at least it's not gone down anymore.
This weeks 40% of investment money went into the ETH/BNB kingdom. This LP is worth just over $1200 now so i think we should be ok to move onto the BTC/BNB kingdom next week. If the bullrun is still on which it looks like it is, the ETH/BNB LP we have should not drop back into 3 digits anytime soon are ever (fingers crossed).
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.
Leo
Hive
Roundup
It's been the perfect week for us. All the crypto's in our wallet have increased in value, the APY increased a little and we were able to set 50 LEO aside to add to the auto compounding creation pot.
Dividends will arrive this evening same as every week. Not really a lot more to report to be honest, it's been a smooth sailing week. If every week could be this, i'd quit my job :)
Have a great weekend everyone
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
06/08/21 - +50.99 LEO - Total 200.29