CUBLIFE (CL) - Weekly report #21

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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

This weeks CUB harvest is up because we added more to the farms when we minted new CL tokens on the 21st. This weeks dividend APY is 40% which is good and looking a little more sustainable over a longer period of time. Having problems with unwrapping the bLEO as i did the transaction over an hour ago and still nothing in the LEOfinance wallet. I guess, i'll have to borrow the LEO from either LBI or SPI to cover this weeks payouts and then request a support ticket on the discord server.

This week 40% reinvestment money went into the BTC/BNB kingdom again. This used to be the bakeryswap LP but the CUBfinance team swapped it over to a pancake V2 LP so I had to unstake, unwrap, rewrap and restake. All this swapping about makes passive income not so passive.

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.