CUBLIFE (CL) - Weekly report #38
hive-167922·@lbi-token·
0.000 HBDCUBLIFE (CL) - Weekly report #38
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 CUB harvests were ok this week, the price of CUB increased so that's cool but the price of LEO increased more so we get less LEO this week. It's worth more in $. This week APY has been affected heavily by the recent crypto market surge with most things up over 105 for the past 7 days. I input earnings first and the APY was showing as 14.8% and then after I updated the LP values, its dropped to 13.2%. The APY is worked out by dividing earnings into total wallet value so when the wallet increases in value, the result is normally a smaller APY. When you see the APY falling, i doublt you factor in that its because the wallet is worth more which is actually a good thing. Would be nice to have both increasing all the time. lol  - Blue = BSC - Orange = POLY - Black = Gas tokens  The total wallet value increased by $600 which is around a 10% increase from last week. We cant complain what that, i think the LEO/BNB LP jumped by around $300 on its own and i added $140 into the stable LP. Im pretty happy to see the value of this increasing, even if this is a only a pump that lasts a few weeks, it'll be a nice change from dropping most weeks like we had in 2022.  **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 good week. CUB went up a little, LEO went up more so we get less as div's but they are worth more. Our wallet increased by 10% and it's getting close to stopping building the stable LP and starting to get some BTC and ETH. The problem is where to earn a yield from. CUB kingdoms do not work for me and I get a transaction fee request of 0.63 BNB and a warning that the transaction will most likely not go through. 2023 im hoping will a good year for growth in both terms of CUBlife tokens being issued and of course the wallet value. It'll maybe be a mostly sideways year and the best time to be converting harvests and stable LP into discounted crypto. Thank you for taking the time to read through the report this week. Dividends will be shipped this evening as always. Have a great weekend    Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@lbi-token/cublife-cl-weekly-report-38-3rsfcb)
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