CUBLIFE (CL) - Weekly report #58

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.

Weekly Income

Over the past couple of weeks, the amount of CUB we have been harvesting has been consistent at between 2000-2300 but the price of CUB has dropped while the price of LEO has increased so we are seeing much less LEO being paid out. The APY this week remains at just over 9% which is not great but not bad when we factor in the value of the wallet is increasing.

• Blue = BSC
• Orange = POLY
• Black = Gas tokens

We are playing see-saw with our valuations. The LEO value of the wallet is decreasing but the dollar value is increasing. It has been the other way around the past year are so and dollar is KING is defi so we should welcome it.

The bLEO/BNB LP has taken command of its allocation of the wallet by increasing a bunch and leaving EMP in the dust. They have almost reversed percentage numbers in the past month which is no easy thing when we see all the problems BNB token has been facing lately.

I added 500 BUSD into the stable LP last week and to be honest, never really noticed any difference in harvests. Anyways, we can collect stables and spend them at the end of the year when everything is cheaper.

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.

Roundup

Another standard week for us harvesting 2100 CUB. The price of LEO is mooning and has almost doubled from only 1 month ago and this has a huge impact of how many LEO CUBlife issues each week as dividends. The APY is not so much affected but if LEO continues to moon, we can expect to distribute less LEO as a result. With that said, in terms of dollars, they will be worth more.

We will see this wallet hit a value of $20k in 2025, im sure of it. We might never see 80% APYs again but i know that earning 9% of $20k is better than 9% of $7k 😎

LEO and CL dividends should be shipped out this evening and i wish you a wonderful weekend.