CUBLIFE (CL) - Weekly report #29

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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Well folks, were back down to 40% dividends, was a nice ride for the past few weeks but back to cabbage. I like cabbage. So, the total CUB earned this week were 507, less than last week but higher than the weekly average.

You can see that the LEO price of CL tokens is over 3.5 each and the dividend APY is based on this. If you bought your CL tokens way back when CL was 1 LEO per token, your LEO APY is actually 3.5 times greater because that was your investment cost, not the 3.5 it is today. I dont think many people think things like that, here's an example from SPI's report for it's CL holdings that shows the APY for both the current price and our investment price.

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So the chart is back to normal, I'd think we'll see another spike when the pCUB airdrop snapshot is announced. 41.6% is still very good considering another 33.3% is being reinvested into kingdoms to build assets and harvests.

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The past days in crypto have been nasty but our holding are looking ok to be honest. LEO is the same price as it was last week, BNB is down a little and the rest of holing are small amounts so we've not been hit that bad at all.

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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

STAKING is now available for CL tokens

You will have 3 options to pick from
1/ (Earn) - Hold CL tokens liquid to receive LEO as your form of dividend

The LEO you receive each week will come from CUB harvested each week. We harvest CUB, convert it to bLEO and unwrap it back to Leofinace where it is sent out to liquid CL token holders.

2/ (Save) - Stake CL token to receive CL tokens as your form of dividend

The CL you receive will come from CUB harvested each week. We harvest CUB, invest it in either bLEO/BNB, CUB/BNB or CUB/USDT. We work out the price of the CL for that day, mint and issue new CL tokens to CL token stakers.

3/ (Earn & Save)- Create your own "CUBlife Kingdom" - Stake and hold liquid CL to auto compound and earn a LEO income.

This is a mix and match where you create your own LEO income/CL compounding plan by taking advantage of both options 1 & 2.

It's up to you really, you can earn, save or do both.

To stake your CL tokens, visit your hive-engine wallet, look for the CL tokens and click the stake button on the right-hand side. Unstaking is 1 day, 1 transaction. I would ahve picked instant if it were an option.

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Posted Using LeoFinance Beta



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22 comments
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Perfect ! It's Already Staked for me !

Still have a really really great APR after all this time ! Lets' see if the next Cub Ido and other updates will change something this time 🤔
!PIZZA

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(Edited)

PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@ykretz(3/10) tipped @cwow2 (x1)
ykretz tipped cmmemes (x1)
ykretz tipped lbi-token (x1)

Join us in Discord!

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Properly gonna go for the 3 option. I just want more coins! :P

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the 1 day unstaking time is really nice. I think I'll postpone staking until I reach 2000 Leo

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The CL you receive will come from CUB harvested each week. We harvest CUB, invest it in either bLEO/BNB, CUB/BNB or CUB/USDT. We work out the price of the CL for that day, mint and issue new CL tokens to CL token stakers.

So by issuing out new CUBLIFE without having the offsetting payment coming in, you are effectively diluting the holdings of the other CL holders? Am I understanding that correctly?

Posted Using LeoFinance Beta

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I've noticed this as well, but let's look at it from different POV.
It's a bootstrap for newcomers, we encourage new people or new funds to flow into the CL. In the long run it's beneficial for everyone and especially those holding LBI as well.
I'd love to see some new people leaping into CL. This also is good for my investment into CUB because it rises the TVL making it look more stable, renowned and safer

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example

Total CL token minted - 1000
Total holdings are worth $1000
Each token is worth $1

Harvests (easy numbers)

We earn $100 in harvests for 1 week
50% of CL token holders are liquid
50% of CL token holders are staked

10% ($10) of harvests go to lbi-token
40% ($40) of harvests or invested into kingdoms
25% ($25) of harvest or converted to bLEO and unwrapped for liquid token holder dividends
25% ($25) of harvests or converted to a farm (bLEO/BNB, CUB/BNB, CUB/USDT) and new CL tokens are minted to the same value and issued

Tokenomics
Total CL token minted - 1000
Total holdings are worth $1040 ($40 added to kingdoms)
Each token is worth $1.04

Staker's pool is worth $25 and invested into a farm
$25 divided by $1.04 = 24.038
24.038 new CL tokens are minted and issued to stakers

Total CL token minted - 1024.038
Total holdings are worth $1065
Each token is worth $1.04

Nobody is diluted

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Haha, pretty funny that we are lamenting about 40% being not that great. Where else but crypto can you get that kind of return! Awesome stuff!

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40% is pretty good so I wouldn't worry about it. Ah it's too bad there isn't an instant unstaking option.

Posted Using LeoFinance Beta

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There pretty much is here is @lbi-token response to my comment:
https://peakd.com/@lbi-token/re-bashadow-r2tb5n

I would have picked instant but 1 day, 1 transaction was the min i could pick. No need to keep your investment locked away, no advantage to CUBlife.

Thanks man, i think your the first to mention the 1 day unstaking

So a big win for everyone with the almost instantaneous unstaking.

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