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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.
Earnings this week have been ok. The price of CUB is down to 1.8 cent so we are getting lots of them each week, i have just noticed that we earn more each week now than we have in CUB savings. The APY is not great either, i mean its ok at 14% but 20% is better. Maybe as we head further into this crypto winter, it'll just be like way and when the bull market returns, everything will be peachy again. Ups and downs.
From the last was recorded, the total wallet value is the same as it was. Its down exactly $13,... freaky? Afew things are up a little and few things are down a little. There's not much been happening in the markets.
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.
As it is a new year, i have been thinking about each of the projects i operate and with CUBlife, im not sure anymore that it can be CUBfinance only investing. We already have 1 investment, not on CUBfinance but thinking out the next year are 2, CUBlife will have to use other platforms. I can not use Kingdoms because I get fee errors asking for 0.63 BNB and there's not much in the farming section that is not connected to either CUB or LEO. Long term, I'd rather we had some BTC and ETH.
We'll offer another LBI to CL token swap in a few months from now and that help us issue and grow this project some. I feel that June/July will be a good time to push CUBlife a little by releasing a series of posts and shilling it around some discord servers.
It's possible to double the current supply and promoting during the bear market gives investors the best chance to make a return within the next few years.
Long-term looking at the APY, im going, to be honest, it might stay as it is, it might go up but it's likely to drop as we go heavier on less volatile cryptos that preserve value better but provide smaller yields.
Remember, the dividend APY is 50% of the total harvested amount so we yielded closer to 29% this week but the dividend is half. As the price of cryptos falls, our stable token LP becomes a larger percentage of the total wallet. Because this LP earns 20%, the APY overall drops because the average APY is currently 29%.
Happy new year folks,
Dividends will be shipped out this evening 馃榿
