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 Income
Weekly this week were ok, nothing special but im glad to say that the APY has stayed at over 13%. We can see that the price of each CUBlife token are now over 4 LEO each which is great for those that bought in at launch went he priuce was around 1.20 LEO. The LEO to CL payouts still remains about the same at 50/50.
- Blue = BSC
- Orange = POLY
- Black = Gas tokens
We built up around 120 BUSD and I've been looking at places to buy into maybe BTC/ETH or BTC/BNB LP's and park them. The APY's are not great at 4-5% but the aim here would for the value of the LP tokens to increase instead of what we can harvest from it.
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.
Roundup
I will look to remodel this project around a little over the next few months and then i'll push for the distribution of more tokens through either direct sales are as part of dividends possibly.
Weekly dividends will have already have shipped so thats just leaves me with have a great weekend everyone
Posted Using LeoFinance Beta