CUBLIFE (CL) - Weekly report #12

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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.

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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.

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  • Black = Farm
  • Grey = Kingdom

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This weeks harvest amount was within 2 CUB of what we earned last week which is good. Sadly the price of CUB has declined from 66 cents last week to 59 cents today. LEO is up which is good for lions but bad for the amount of LEO we get when converting CUB to bLEO so we convert the same amount as last week but get less LEO but the LEO you get is worth more so it alls evens out I guess. I know a few people that have got wrecked big-time from chasing the highest APY's

This week's 40% investment money went into, yep you guessed it if you are a regular reader, into the ETH/BNB kingdom. The APY for this LP is pretty crappy but im focused more on the tokens in the LP over what % it pays out. I know a few people that have got wrecked chasing 200-500%+ APY's with shitty tokens. Most of what is in Kingdoms is ok, to be honest. I'm just a BTC and ETH whore. 😁

You can see that this week APY is 55%,...bummer. Weird to be bummed out at earning a 55% APY but when you get used to 70-90%, 55% is kinda 🤔. Still, 55% is cool and it's good. You can see from the APY's above that they have dropped, this is because of BNB/ETH going up this week and results in a higher CUBfinance TVL which is good for everyone because our wallets are worth more.

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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

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Hive

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Roundup

It has been a decent week. It's a bummer that CUB has gone down a little but im sure we'll see another pump as more news is released about CUB on the POLY blockchain. The value of our wallet has gone down in terms of LEO value because LEO has increased over the past week but the dollar value has increased which is always good. Our ETH/BNB kingdom will take maybe 2 more weeks to get into the $1100-1200 range and then we'll move to BTC/BNB which is paying out 30ish% and BTC of course, the holy grail of cryptos. We need to have some within this wallet.

All in all, the LEO dividend is week is down but your LEO is worth more so swings and roundabouts really. Only gonna take a small amount out this week to put toward the auto compounding idea. Dividends will arrive in a few hours as they do every Friday.

Have a great weekend ! (sorry if you have to work at the weekend)

Saving for staking running total.....
16/07/21 - +79.17 LEO - Total 79.17
23/07/21 - +46.95 LEO - Total 126.12
30/07/21 - +23.18 LEO - Total 149.30

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Posted Using LeoFinance Beta



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27 comments
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I'll take almost 56% any day of the week (and be extremely happy!). Great job.

Posted Using LeoFinance Beta

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Yes. People frown upon it but 56% per year over 10 years would end up in a large sum of money.

Posted Using LeoFinance Beta

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Let the people who are frowning go deposit their funds at the downtown bank branch. That should really give them something to frown about (and bet they come running back to Cub Life!).

This is not a case where the grass is greener on the other side.

Posted Using LeoFinance Beta

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(Edited)

It would take hundreds of year in a regular bank to have this amount. So we just have to wait and relax !

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Tell that to all the impatient ones out there who are looking for crazy defi yields. If that is what they are looking for they should gamble on something like FlanSwap or DinoSwap for the 1000% yields. Personally I'll take safety anyday!

Posted Using LeoFinance Beta

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It's sad to see so many people lose money chasing high APYs without much thought to the crypto they need to invest into to get them.

Great comments

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The ebb and flow of returns. This is the challenge with off chain investments, a new variable introduced.

Posted Using LeoFinance Beta

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At least it's independent and will not affect the LBI token price. For us to be reinvesting our 40% every week into something that's earning 9%, we're doing ok plus as you say, CUBfinance APY's not really in our control. They dropped a bit this week. Gotta move and react with the tides as best we can.

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Cub life is still kicking ass, and the best part is I can be a lazy pleb and still get payed :P

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To be honest, running CUBLIFE is so easy, i can be a lazy pleb as well, baaa-hahaha.

An easy life is a good life. CUBlife is next level sheet!

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you're past the pleb level sorry :P but you can donate all the tokens to me if you want to be a pleb :)))

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I seem to be missing from that list * sent CL here
Sent to cublife- 36.385 HIVE
10 days ago
cublife buy in for the month

which was the 20 th but not listed above

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The buying ends on the 20th so you should have received CL tokens on the 21st of July my friend. Double-check your CL balance and see if you received some on the 21st, please.

The table above is for August 21st. It's posted every week more so people can confirm there money has been received :)

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ah okay I checked yes I did sorry about that was half asleep when I read that post. Have a great weekend

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Dividend may be less, but leo price up, means I sill can get some more Hive for power-up day.

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Damn right, that's the best way to think about it. They say less means more 😅

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If it could be 55% for years I sign whenever you like ! My only problem with that is I want to invest more !

Always great results continue like that !

BNB/ETH may have a lower APY it's always a good idea to have a lot of different tokens or LP¨, if one token fall you don't loose anything that way !

!LUV !PIZZA

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Hell, if it's paying out more than 30% in 1 years time, I'll be over the moon.

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Well, it never dropped below 50% and like you said can't always chase the highest apy only. And the weekly average, what's that 70ish? Sounds great to me, let's see if it can stay above 50 long term, that'd be great :-D


Posted via proofofbrain.io

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Over 50 and I'd be over the moon. The wallet APY is 111% so we're still killing it, just the dividend is half of that.

I'll be trying my best to keep it high. Monthly HIVE/LEO from issuing CL tokens on the 21st is invested in a high-interest farm and harvests are invested into kingdoms. Nice and simple just like me, lol

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Over 50% is still great. Any reason why you specifically choose the ETH/BNB or BTC/BNB kingdoms? I just wanted to know and who knows if it will help me make a choice to invest in them or not.

Posted Using LeoFinance Beta

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Most of what is in Kingdoms is ok, to be honest. I'm just a BTC and ETH whore. 😁

To me, BTC and ETH are the gold and silver of crypto. When im looking for LP's, im focus on the cryptos I wanna invest in and not so much on the APY. No point in earning 100% if the tokens LP'ed drop 80% if that makes sense. You'd better off LPing stable tokens and earning 15-20% instead.

CAKE is a farming token and I never buy a farming token because they are given away for free and highly inflated so not a great investment. I know they prob do burns but if there's not so much demand, burns are pointless.

BNB/BUSD is ok in a bear market but with this recent BTC price pump, the tides might be turning and we could be back into the bullrun and in which case, it would be better to just hold the BNB.

The belt kingdoms im not so sure about. I like the stable token one but the ETH and BTC ones are dodgy to me as the belt wraps are not pegged and I dont like the idea of swapping 1 ETH to get 0.96 beltETH. If it's earning 16% APY, that's 3 months to break even if the peg stabilizes. I use the stable one for another token but not the others. Also, belt fees are super expensive for BSC.

In short, I stick to what I know and what I think will still be dominating in 5 years time. My only personal investments in CUBfinance are CUB and BTC/BNB kingdoms. I know nothing about DOT so I dont touch it.

I guess it depends on what your investment time frame is and what your plans are for your future harvests.

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Great to see cublife doing really. 55% apy seems really cool. Hope we atleast remain at such level for some time.


Posted via proofofbrain.io

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Hey @silverstackeruk sorry to bother you. This is my third and final attempt at bringing to your attention a small mistake. Last month I sent @cublife a total of 50 LEO tokens, but on the 21st I was only given 30 LEOs worth of CUBLIFE tokens. 20 LEOs isn't a big deal, but still, it's money. Here and here my previous comments, in the first one I included a picture of the three transactions in case you have to check amounts and dates. Keep up the good work! 👊

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