CUBLIFE (CL) - Weekly report #66

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

Not very good harvests this week, around 400 CUB less compared to last week. No idea why to be honest, The value of our LP tokens is pretty much the same as last week and the price of CUB has been stable at 1.1 cents so not understanding why the 15% decline in CUB harvested.

Anyways, the APY is not great. This is because the value of our wallet has remained with a value of between $6200-7000 over the past 12 months while the CUB price and the farm's APYs have declined alot. It is what it is and its better to be earning 7.5% of $10k compared to 50% of $1k if that makes sense.

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

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

I have spoken to a coder about the CUBlife dividends and he's told me that we need 2 bots, 1 for making LEO payments to liquid CL holders and another to issue CL tokens to staking CL holders. This basically doubles up the cost and we'd have a $200 set-up fee and a monthly fee of $20 to keep it going.

CUBlife on a normal week will harvest $25 worth of farms tokens which is roughly $100 per month. Paying $20 per month would be 20% of total harvests which would result in 20% decline in LEO rewards each week. This would drop the CL APY down to under 6% with not a not chance to increase unless the price of CUB increases. I dont see CUB releasing new farms/LP's/kingdoms and i assume there are tons of non-active wallets within the platform that are helping to prop the price up.

Its hard to know what to do. CUBlife is an income token but its not so good when its not making payments. The 3 options off the top of the head are 1/ pay the $200 and then $20 per month and hope the value of assets and harvests increase. 2/ Change payments to monthly and i use hive-engine to do airdrops for LEO to liquid and CL to sticking holders. 3/ Wrap up CUBlife and buy everyones tokens back for either LBI, LEO or swap.HIVE.

If I had a 3 sided coined, id flip it. Whats your feedback please