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 week was one of our highest harvest weeks with just over 440 collected. Everything in crypto is down a little, CUB is down but it got us the same amount of CL as last week and this weeks APY is the same as well. One thing to note as the total holdings $ value increase's, the APY drops if we continue to harvest the same amount of CUB each week. Same dividend into a bigger pot means smaller dividends but a higher token $ value so it bitter sweet.

The 40% reinvestment money went into the BTC/BNB kingdom which is showing up as 2 million per cent. It's not paying out at that by the way, I checked my personal wallet asap on that one, lol. Would be nice to get the BTC/BNB LPput to the same ballpark value of the ETH/BNB LP before moving onto something else.

If you are considering buying in this month, there are 20 days left and you can see the price in HIVE is a bargain at the minute so fill your bags.

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.

Leo

Hive

Roundup

Another good week, nothing crazy has happened. The token value is down a little on last week but this is crypto and it'll float sideways for 2 weeks and then either moon or crash. -11% in a week is not too bad, to be honest for crypto farming.

Div's are still pretty good 45% so we have plenty of life in us yet. People seem to really enjoy getting the weekly div's in LEO and it's nice to be able to convert CUB into LEO every week. We're not buying ton's but it all helps.

Have a great weekend everyone