CUBLIFE (CL) - Weekly report #6
Hello, LBIer's and Cuber's, it's Friday and that means it CUBLIFE day at LBI. Anyone that has been on Leofinance this week will no the price of CUB increased and this a nice for this as we've collected all week and converted at a higher price compared to last week. Sadly LEO itself has not moved that much in the past week but on the plus, harvested CUB's get us more LEO which means this week's dividends are very good. Let's jump into it.
This week, I used 40% of our harvests to top up our ETH/BNB kingdom LP. We have tons of BNB already in other farms and nothing wrong with collecting some ETH. Im not too fussed on DOT and I dont pay the farm tokens so CAKE is of no interest as a long term hold. I'd guess that for the next 3-8 weeks, I'll be just adding into this kingdom LP to built it up to a decent amount. The current APY's for farms are up on last week so our div's next week could be better than this week but i'd not hold my breath as LEO could recover. Either way, higher APY's is better all around.
(Holdings labelled as "LP" is a kingdom LP)
Pretty sweet result, right? 98.48%. It's good but im a little pissed we were only 1.5% off 100%. Maybe next week.
All in all, the LEO div's paid this week are the highest they've been to date so nothing to complain about this week. We can see that the LEO value of CUBLIFE has increased 42% against it and 11% in dollar value. If every week could be like this, we'd be CUBinaires in no time. Maybe not the 42% LEO price change as we dont want LEO being worth nothing, haha. Here are the percentages for every week since launch, this week is looking class.
How do you get CUBLIFE (CL) tokens?
We distribute CL's through monthly groups buys so new tokens are issued once per month. The month runs from the 21st to the 20th of every month. All you have to do is send any amount of LEO/HIVE to @cublife at any time and you will receive your CL tokens on the next coming 21st.
Everyone's monies are pooled together, deposited to CUBfinance and staked to earn CUB harvests. Newly minted tokens on the 21st of each month will be issued to the same value as CL tokens already circulating to ensure current token holders are not liquidated in any way.
Each Friday evening at 9 pm GMT, dividends payments are sent out to CL token holders. Dividends are paid in LEO and worked based on your avg token holdings over the past 7 days.
Below are 2 tables that show users that have already sent in LEO and HIVE to get some CL tokens this 21st in 3 days. If you wanna get involved and you want a few days you'll be waiting a month and the prices of CL tokens on the secondary market is ridiculous because the dividend APY is so freaking high.
Values are based at the time of uploading and are highly likely to change but the 21st but they should give ballpark figures to the ones involved so far..
LEO
HIVE & hivep
If you've sent something in and you dont see your username above, please let me know in the comments.
Roundup...
...are wind down? I never no but I do know that we killed it this week, will CUB killed it and LEO didn't and we're the happy beneficiaries of more LEO. If the price wants to chill sideways, we'll stack it on the cheap.
Dont forget, only 2.5 days to be involved with this month's group buy
Posted Using LeoFinance Beta
It is good to see how Cub as increased in recent week,even much more better than it current position last week,as for Leo hopefully if will soon do well, but presently with this chart CUB is doing very well in the market
Presently with what am seen is like cub is going high in the market ,which am Leo forward on the Leo and other coin to do more than that too. More Greece to your elbows......,.
I love the return this week. Higher CUB, lower LEO = lots of stacking. LEO's days are coming so I'm just as happy to stack more at cheaper prices.
One question: how are you planning on dealing with the autocompounding in the new Kingdoms? If our dividends are automatically reinvested, how will you calculate and then distribute them at the end of each week? Are you going to have to sell them on the open market? Will you calculate each Kingdom separately and sell small amounts in each? Just wondering....
Posted Using LeoFinance Beta
Iresspective of the fact that cub did rise a little this week, I believe know will inevitably do the same soonest
Posted Using LeoFinance Beta
Great to the cub investment doing well due to increase in price and all. I believe Leo will do same soon. Thanks for the report
Your post was promoted by @amr008
This is great to see :)
The higher the CUB goes the better the returns ( given that LEO stays at the same price ) .
Happy to hold CL and LBI . When is the next vote btw for deciding LBI dividends ?
Posted Using LeoFinance Beta
I was hoping for the CUB price to help the price of LEO but I guess its something we have less control over. I would say the returns are great so far even you did miss he 100% mark by a little bit.
Posted Using LeoFinance Beta
I am still satisfied with the direction, at least it is not in a downward direction.
Had a few more Hive sitting on H-E, wasn't sure what I was going to do with so I just sent another 35 Hive in. Maybe it will reach 100 CL or more by end of next month. If I can get off my lazy ass and post a bit more.
always nice to get more leo regardless of the price
Posted Using LeoFinance Beta
Hope CUB can keep on rising the return the previous glory.
Posted Using LeoFinance Beta
I should have send few more Leo 5 days ago :
Also yesterday but I think it was after you posted this :)
Very good @lbi-token. I like this program so far, so ... Investing again, for the month of June, in this transaction:
Nice to see some progress finally being made on CubFinance's future.
I think (hope?) it bodes well for our future.
Keep up the great work!
Posted Using LeoFinance Beta
Great divs this week, thanks! And even more next week after the next distribution :-)
Well, assuming there's no extreme shift in results..