CUBLIFE (CL) - Weekly report #56
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 harvests were on par this week to most. We get a little extra cause i left some unconverted harvests from last week. Being forgetful has come at t a good time because the price of LEO is up against CUB but we were still able to get the same amount of LEO as last week.
- Blue = BSC
- Orange = POLY
- Black = Gas tokens
Overall, the wallet is up around $60 this week. In fact, we harvested around $50 so without that, we'd be up $10 for the week. Better than i thought to be honest, I felt like the market is down this week overall. Maybe the LEO/BNB LP saved us.
This month's CL token issue
Every 21st of each month, new CL tokens are issued to those who have sent HIVE or LEO to the @cublife before the end of the 20th. The month goes from 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.
Just another run of the mile week for CBUlife. We harvested, we converted and we issued LEO dividends. I still think that CL tokens will increase in value massively over the next 2 years.
Thanks for taking the time to check out the update have a great weekend.