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.
- Black = Farm
- Grey = Kingdom
It's been a decent week again. You'll see the APY has dropped a little this week. You can see that holding are up 6% this week and harvests have dropped by 5%. My best guess would be BTC/BNB/ETH are up and CUB is down. So in the simplest terms, our lowest yields kingdoms have gone up in value more than our high yielding farms have gone down in value. This I think would explain why our holding can increase in value but harvests decrease.
Ok, so because it 6 months from we launch this beast, I share a few charts to show you how performance has been from launch. Not gonna lie, the charts are what they are. I said from the start that we should expect APY's to drop off and most investors understand that so I feel ok showing those. lol
CUBlife fund total value in LEO
Average - 37,685 LEO
Today - 58,584.53 LEO
CUBlife fund total value in $
Average - $9,455
Today - $16,052.16
LEO price
Average - 2.03 LEO
Today - 2.65 LEO
HIVE price
Average - 1.23 HIVE
Today - 0.96 HIVE
$ price
Average - $0.53
Today - $0.73
Total fund APY
Average - 105.88%
Today - 69.95%
Weekly dividend APY
Average - 52.94%
Today - 34.97%
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
Hive
Roundup
At 6 months we are doing fine. I think the next 6 months will be a real rollercoaster with crypto prices and how it'll affect our harvests, holdings and growth. We'll also have another 6 monthly token mintings so the total fund should be better as well. I have no idea how defi farms will perform during a bear market but we'll find out and see. There could be great potential for growth and prepping for the next bullrun.
Anyways, looks like this weeks LEO unwrapping has not gone through so again, we're back to customer support to ask for a refund again. I'll borrow the LEO required for this week's div's from LBI and then pay it back when we require the LEO.
Posted Using LeoFinance Beta
Does this happen often? I know it happened to me once in the past and it hasn't happen to me since then.
Posted Using LeoFinance Beta
hit and miss. I'd guess it happened to me 10-20 times but im unwrapping every week.
Posted Using LeoFinance Beta
Oh God! When I see your report I know it's Friday again 🙂
I'm also curious to see how our investment tokens are going to perform during this bull run and the bear market as well. One thing is for sure, I'm not selling! No way!
Thanks again for the report and have a nice weekend!
Posted Using LeoFinance Beta
My guess is the best thing to do will be to convert our kingdoms to stables tokens and wait until everything gets cheap :)
Posted Using LeoFinance Beta
I don't think the charts look that bad. Over all trend does seem up, but I am really bad at reading charts some times.
hahaha
They are ok, nothing wrong with them. I'd just like them to be better, lol
Posted Using LeoFinance Beta
interesting to see the value of the fund rise despite the falling prices of Cub and Leo
kingdoms :)
Posted Using LeoFinance Beta
Decent week. Project doing really fine. Would love to see how the project will be in the next 6 month. With this growth, I believe it will be far better
Yeah, coming to the first year complete in 6-7 weeks. The next 6 months should be awesome.
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Oh Good!
Thanks!
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WOW!!
Your Welcome!
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