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
We've had a very good week and our APY has increased from last week just under 30% to over 30% this week. We harvested a total of over 2600 CUB this week which has been broken down into 927 being converted to bLEO to pay out this weeks dividends and LBI's fee. The remaining 1064 + 670 CUBs have been reinvested into the other farm as we build an ETH position there.
Im very happy with this project still paying out LEO dividends of over 30% APY, we've been in operation for 55 weeks now so to still be paying out this APY for dividends is very good when we consider the wallet's actual APY is double that of the dividends APY as 50% is reinvested.
- Blue = BSC
- Orange = POLY
Wallet value has taken a small dip this week down from last week's $8,704 and 110,184. The price of LEO is the same as last week but sadly CUB has dropped a few per cent which makes some of our LEOs worth less. ETH is down some as well and this affects our EMP/ETH holdings but all in all, our wallet is not down to much considering the current state of the markets.
We are in a bear market, there's no question about it so i dont expect to see us having a 5 figure $ wallet again any time soon but we'll keep adding our 40% reinvestment money everyweek and when the markets turn again in a 12-18 months times, we'll be in the land of milk and honey. Build during the bear, cash during the bull they say. CUBlife is set up to do a little of both so we'll see where it brings us. For now, we are surviving and maintaining value.
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
Pretty solid week to be honest. With teh price of CUB dropping like a stone from where it was last year, I think we are doing ok all things considered. Our wallet is way down from its peak but the overall market is down more and CUB is down the way, way more. I never came into this project blind and expected the prices of CUB to drop over time, it is a farm token after all but I think we've shielded well from this by using all reinvestment monies to invest into BC/ETH and BNB through kingdoms.
On a plus note, the LEO price of CUBlife is still over 4 LEO each and outperforming LEO easily so we can take this as a big plus for us. I woul like to offer some sort of liquidity for CUBlife and have been thinking of quarterly cash out window of 1 week but im scared lots of people will what to sell out and I'll be left managing a project with a few thousand dollars. With CUBlife being so liquid, this could be arranged easy but again, im scared of many people looking out, haha. Leave that one with me, maybe a limited cash-out could be the way to go. Leave it with me.
All in all, another great week for CUBlife. Dividend APY's are 33%, we're building up holdings in other farms and we continue on the same path as always. Dividends will go out this evening and that's a great way to start the weekend.
Have a good one everyone
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You cant beat those 33% returns! It's a CUB's life.
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💕
Wow, this seems interesting. I am going to look into it. Thank you.
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Yes! This is a part of the spinvest group, lots of good projects there.
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You are doing a great job, keep it up !!
!CTP
Not bad! With CUB and Polycub holding their prices now or a small increase it's actully a rather attractive buy in at the moment.
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This is very valuable information. I used the cub site before but have somehow forgotten about it. Thank you!
!PGM !1up
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BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-2.5 BUDS-0.01 MOTA-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
Found you on listnerds!
So this team is the one that is keeping CUB alive (lol).
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Hi @metzli, didn't you know about CubLife? A few Saturday savers have bought tokens. It's a nice income token, I've been using it to build my LEO stack.
I have very few of them, but will be having more soon.
These single minded saver tokens have all turned out to be winners.
Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment !STOP below
View or trade
BEER.Hey @metzli, here is a little bit of
BEERfrom @isnochys for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Perhaps you could offer up one cash out of up to 10% of CL held by each investor for a limited period. Then again, say three months later (subject to the state of the wallet). And/or up to 100% for investors who hold a small amount eg 10 CL or less. I haven't checked the wallet and the richlist so these are suggestions off the top of my head.
Some people like to play with their tokens and mix and match. I think it is a balance between providing some liquidity for those people, but maintaining the value of the wallet for long-term HODLers.
Would you burn the bought back tokens?
Personally, I'm happy to HODL another 12-18 months and get some
breadmilk and honey.33% return is impressive. I am going to have to check it out. Thanks for sharing.
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Excellent report