CUBLIFE (CL) - Weekly report #7

almost 3 years ago (Edited)

Hello, LBIer's and CLer's. Friday is CUBLIFE day here at LBI. Every Friday at 9 pm GMT, LEO dividends are paid out to CUBLIFE (CL) tokens holders. This week was not as good as last week but still a good week. If this is the first time you are seeing this, you've just found the diamond in the dirt. CUBLIFE issue's CL tokens for LEO/HIVE and we use 100% of those monies to invest into CUBfinance. 50% of 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.

Now you have the rundown, let's look at this week's numbers. Every Friday this post is uploaded to keep token holders in the loop and let them know what this weeks dividend is and also see where monies are invested. Being transparent makes things easier for everyone.

Black = Farm
Grey = Kingdom

This weeks 40% reinvestment went toward an ETH/BNB kingdom topup. I also swapped over our CUB from den to kingdom as I was never claiming it anyways cause of fees. The wallet value is down some from last week but CUB was at 80 cents last week. Div's worth 79% APY is decent when we consider the CUB price drop and all of our reinvestments to date have been into kingdoms that payout lower percentages.

Weekly CL APY chart

Last months token issue

Every 21st of the 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.

For June, we minted and issued 1283 CL tokens. 379 went to HIVE buyers and 904 to LEO buyers. Total CL tokens in circulation is now 18,683.

Next months July issue

You can send any amount of LEO or HIVE to @cublife up until the end of the 20th. On the 21st, your funds are put together with everyone else's and converted to BSC wraps. From there, I have a final price, I slap a few numbers into a sheet and it tells me how many tokens to mint and who to send them to. I issue the tokens and we wait until next month to do it again.

Oh, and you can send funds to @cublife more than once per month. Honestly, some people will ask this, haha. Like we're going to say no!

Auto-compounding? quick update

I reckon we'll add an auto reinvested option at some stage using the hive-engine staking function. It costs 1000 BEE so we might have to set aside 50-80 LEO per week to save up a few months. If the demand is there, I can start saving from next week, if it's not we continue on as is.

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19 comments

@guider -2

almost 3 years ago

Congratulations!

Message from leofinance

You Received 100 Hive & 50 LEO From leofinance
Anyone who vote me as witness will get 100 Hive & 50 LEO reward
Please claim your hive and vote for us as witness
We will randomly pick 100 users every week who voted me and send them 20% of my witness earnings.
Hope you enjoy your Steem and keep supporting me.

VOTE HERE NOW

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@keys-defender 69

almost 3 years ago

@guider Your comment cointains a link that is on my blacklists ❗ ❗ ❗ _{_{1 2 3}}

@lbi-token, do NOT click on the link above in their comment.

Reason: PHISHING
Link: "horia69xl.monster*" => DO NOT CLICK ❗

More info: _{https://hive.blog/hive/@keys-defender/new-feature-phishing-detection-and-auto-reply}

_{Comment 10% downvoted to make it less visible.
This message is self-voted to be more visible among others.}

@keys-defender

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@pthker2010 49

almost 3 years ago

Good one and nice update,which I can be highlighted much about this token

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@ykretz 67

almost 3 years ago

All those tokens' price are really low 😲

Still good to see the project living and continuing what it's made for ! Thanks for that ! !LUV

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@luvshares 58

almost 3 years ago

@lbi-token, you were given LUV from @ykretz. About LUV: https://peakd.com/@luvshares

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@jersteemit 67

almost 3 years ago

Another decent week. Apr still looking very good. The auto compounding feature will be really great. Thanks for sharing this report and been really transparent.

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@da-prince 53

almost 3 years ago

Thanks for dropping this update, knowing this really keeps the community moving and mm motivated.

_{Posted via proofofbrain.io}

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@roleerob 71

almost 3 years ago

Happy to see the steady progress being made! "Slow and steady wins the race" ... Right? 🙂

Your final section @lbi-token / @silverstackeruk, talks about auto-compounding. Presumably on Hive Engine ...

Have you written about this in any detail somewhere? If we are "voting on it ...

"If the demand is there ..."

... then it would help to understand how it would work.

Onward and upward! 🚀👍

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@r1s2g3 74

almost 3 years ago

First I searched my wallet for LEO payment then I re read and see it says 9 pm GMT.

Now waiting for my LEO.

I am really happy with such high APY.

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@johnsennimaat 12

almost 3 years ago

Keeping this community moving and motivated. You guy are doing great job. Thanks for this update

_{Posted via proofofbrain.io}

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@jfang003 75

almost 3 years ago

Thanks for the update. I don't think I will use the auto-compound right now but if I think it would be nice for those who want to passively manage their funds.

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@riandeuk 59

almost 3 years ago

It costs 1000 BEE so we might have to set aside 50-80 LEO per week to save up a few months.

Do iiiiiiit!

Great divs regardless by the way, can't have spectacular weeks only :-)

_{Posted via proofofbrain.io}

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@wallar 55

almost 3 years ago

Can you please double check, I did send Hive to @cublife on 20th and did not receive cub tokens

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@bozz 80

almost 3 years ago

Thanks for this update! Great news even though there was a value drop. Not much you can do about that when the markets are all funky like they have been. I look forward to seeing how this continues to grow. I might have to consider pumping some more funds into it.

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@cmmemes 69

almost 3 years ago

the APY is solid so far, if you keep this up we'll be swimming in monies :)))

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@thegreeneempire 25

almost 3 years ago

Please send me more info I would really like to participate in this, send me more info.

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@hivebuzz 74

almost 3 years ago

Congratulations @lbi-token! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

	You distributed more than 13000 upvotes. Your next target is to reach 14000 upvotes.

_{You can view your badges on your board and compare yourself to others in the Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

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@khan.dayyanz 63

almost 3 years ago

APR of dividend is too decent ignoring the fact that auto compounding is done and in long run it would bring bigger dividends. All depends on cub utility and price maintenance.

What do you think is the life of such a yield farm project?

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