Yeah I've seen that one, but there's so much going on that I still can't tell where the money comes from?
If the CUB needed to create Cub Life just from the current LBI fund, then aren't you just taking money from LBI holders and diverting it to whoever buys this new token?
Taking from the LBI holders to fund new investors?
I have a vested interest because I bought into LBI and just want to make sure everything is clear and on the table for holders.
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I technically look at it this way: the assets off chain will never really affect our dividends. It's basically some more asset value to LBI. So yes there is some taking out of off-chain assets from LBI which it should recoup over time (10% of the gains generated that week).
LBI in the future will be giving LEO as dividends and this LEO will not include off-chain assets. So I think by doing this little work around, they are trying to take advantage of CUB to generate some more returns for both LBI users (CL token holders) and also for people who don't know enough about Cub Finance. So in a way, 10% of the total earnings from CL is staked to LBI to increase curation earnings and also higher dividends for LBI users.
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10% of the LEO payouts go to LBI-token.
40% is reinvest into the farm.
50% goes to pay out the Cublife token holders.
Posted Using LeoFinance Beta