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
This week's earnings are really good. We've all seen that the price of CUB exploded after the most recent post about polyCUB. The price of LEO has dropped a little from last week so the result is more LEO. Infact alot more LEO, so much more it's pushed this weeks dividend APY to 52%, 12% more than a week ago. It gets even more impressive because our assets are up 22% as well making up an uphill struggle. Last week total assets were worth $16k and this week is over $19k. It's easier to earn 40% on $16k compared to $19k so earning 52% is very impressive.
All out farms and kingdoms are up in value this week, even with LEO dropping a few cents, we still came out smelling like roses cause BNB is up 21% the past week. It's just one of those weeks when we can't lose, I hope next week will repeat but I dont hold my breath. I'd actually like to see LEO's price increase, it would result in smaller div's but worth more in $.
I put this week 40% into the BTC/BNB kingdom. I knew a few might be thinking why not stake in the CUB kingdom to get a bigger pCUB airdrop. Mean reason is they say pCUB will be launched at $1 and we'll get around 0.15 pCUB for every CUB staked so basically 15 cents per CUB token staked. The CUB price is up around 30 cents on last week and the way I see it if we hold CUB now and the price drops more than 15 cents, it's a bad move. I think BTC/BNB has a better chance of increasing compared to sorta hoping the price of CUB increases more.
CUBlife weekly dividend APY chart from launch
CUBlife weekly total $ values chart from launch
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 
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.
