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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
Numbers this week are pretty much on par with last week with not much change. CUB dropped about 2 cents, BNB about $7 and LEO under a cent so this weeks LEO dividend payout will be a few percent less APY compared to last week but you'll hardly even notice the difference. This week's 40% reinvestment funds went into the ETH/BNB kingdom as we continue to build a small ETH holding. I see the BTC LP added to kingdoms but we are not done building some ETH so it'll have to wait. When we focus on building 1 LP token at a time, we end up with big holdings instead of 10 LP tokens worth very little collecting rubbish harvests and paying fees for each one. Why pay fees to collect 5-8 harvests when you can cherry-pick the best and pay 2-3 fees instead.
You can see from the chart below that this week's dividend is not too bad at 72.60% APY. This would be higher if we reinvested back into the higher paying farms but if we can stay over 50% while building other cryptos, that would be nice. The short term div % boost would be cool but long term, building some other crypto's is worth the short term trade-off.
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.
NO HIVE RECEIVED YET SO NO TABLE
If you have sent funds before today and they do not appear above, please write in the comments below with a snapshot/trans ID and we'll get it fixed.
For the world of crypto, it's been sorta boring week in terms of price fluctuations. Everything we're invested in is pretty much the same as last week. The total difference in dollar value from last week is under 1% which is nothing in crypto land, candles move more than that in an hour most hours of the day.
Everything is running as it should be and im still happy to see the dividends staying between the 60-90% range. Oh, 18 more days till the next CL token minting and issuing. You know what to do. Oh and lastly, I'll be looking into this new subscription feature that was added to the most recent hard fork. If it works out of the box are without much effort, we could set something up for CUBLIFE and investors can easily set up a recurring payment everyday week, fortnightly, monthly to get new CL tokens at each issue. Just thinking out loud.
That is this week's CUBLIFE update my Gees. Dividends are still decent, we reinvested into the ETH/BNB kingdom and it was a boring stable week with is good, i like. I hope you have enjoyed this update.