CUBLIFE (CL) - Weekly report #7

Hello, LBIer's and CLer's. Friday is CUBLIFE day here at LBI. Every Friday at 9 pm GMT, LEO dividends are paid out to CUBLIFE (CL) tokens holders. This week was not as good as last week but still a good week. If this is the first time you are seeing this, you've just found the diamond in the dirt. CUBLIFE issue's CL tokens for LEO/HIVE and we use 100% of those monies to invest into CUBfinance. 50% of 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.

Now you have the rundown, let's look at this week's numbers. Every Friday this post is uploaded to keep token holders in the loop and let them know what this weeks dividend is and also see where monies are invested. Being transparent makes things easier for everyone.

Black = Farm
Grey = Kingdom

This weeks 40% reinvestment went toward an ETH/BNB kingdom topup. I also swapped over our CUB from den to kingdom as I was never claiming it anyways cause of fees. The wallet value is down some from last week but CUB was at 80 cents last week. Div's worth 79% APY is decent when we consider the CUB price drop and all of our reinvestments to date have been into kingdoms that payout lower percentages.

Weekly CL APY chart

Last months token issue

Every 21st of the 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.

For June, we minted and issued 1283 CL tokens. 379 went to HIVE buyers and 904 to LEO buyers. Total CL tokens in circulation is now 18,683.

Next months July issue

You can send any amount of LEO or HIVE to @cublife up until the end of the 20th. On the 21st, your funds are put together with everyone else's and converted to BSC wraps. From there, I have a final price, I slap a few numbers into a sheet and it tells me how many tokens to mint and who to send them to. I issue the tokens and we wait until next month to do it again.

Oh, and you can send funds to @cublife more than once per month. Honestly, some people will ask this, haha. Like we're going to say no!

Auto-compounding? quick update

I reckon we'll add an auto reinvested option at some stage using the hive-engine staking function. It costs 1000 BEE so we might have to set aside 50-80 LEO per week to save up a few months. If the demand is there, I can start saving from next week, if it's not we continue on as is.