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CUBLIFE (CL) - Weekly report #54 | CUBlife is outperforming LBI at it's own game! by lbi-token

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· @lbi-token ·
$13.48
CUBLIFE (CL) - Weekly report #54 | CUBlife is outperforming LBI at it's own game!
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. 



![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/23w36Ph1VZS2wEZEqKVmXyh9fDqhBjbg8rj4WGeKYdyJZuhrUrRvYfXr9WLuBmJRisnnH.png)



**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. 

![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/Eq7SkLACHiCoSh18qhhQep7Sx6Yu2u4BCeND8znnvTmaULiGqaaZpKWotLVCK4Uv4Pa.png)

**Weekly Income**
We've had a great week this week with earnings and pulled in a total of 3300 CUB which converts to the best dividend we've had in months. After splitting everything up, 819 CUB (441 LEO) went to liquid CL token holders, 830 (105 CL) went to staked CL token holders, 330 went to LBI and the remaining 1320 was reinvested. If the market would stop bleeding and just go sideways for a few weeks, that would be awesome and our APY will hopefully remain over 30%. We'll see what happens but for this week, nice good very nice. 

![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/23tw47Q1UCMwEob89cgjXQBUJrLhRY23zHkxkkfHWjfoKevzfrfCqojnf86mFaU6AVYpH.png)

Overall, the wallet is down a little this week. Most things are down a few percent from last week and we can expect to size our wallet in terms of dollars to decrease more as we go further into the coming bear market. On the flip side, the LEO value is up so it's swings and roundabouts I guess. 

![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/23wggcKquoAjtCpLcXZK1rEjSatR3EYSoP28fVybz2T6cY2mVocpuiaxzXrLxFTPUGkq6.png)


- Blue = BSC
- Orange = POLY



![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/Eq7SkLACHiCoSh18qhhQep7Sx6Yu2u4BCeND8znnvTmaULiGqaaZpKWotLVCK4Uv4Pa.png)


**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. 


![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/Eq7SkLACHiCoSh18qhhQep7Sx6Yu2u4BCeND8znnvTmaULiGqaaZpKWotLVCK4Uv4Pa.png)

### Roundup

So here is something interesting I see every week and every week I think, I need to write about that but I always forget. So you know how CUBlife is under LBI? You wanna know something funny? CUBlife is performing better than LBI at its own game. So the point of LBI is to increase the LEO value if it's token and it works fine, the price of each LBI token is around 2 LEO each, released at 1 LEO so doubled. If you missed it, scroll up a little and take a look again at the LEO price of CUBlife tokens. 4.25 LEO each which is outperforming LBI at more than 2-1. Insane stuff and you know what, there's more? CUBlife's dividend is bigger than LBI's as well but here's the kicker, CUBlife assets are under 25% of LBI's assets so it's really outperforming LBI. LBI is 100% the better long term hold but for a source of LEO income and some token growth, CUBlife is a great token to hold as well.  There's nothing paying out 40% directly in LEO each week.  

How did this come to be? The subsidiary project outperforming its parent project. Maybe when we hit 50k tokens issued, I can figure out a way to offer buybacks at 90% of the LEO value are something and have it automated through hive-engine. CUBlife is very liquid but the time now will be used to continue and grow. 

So there you have it, CUBlife is doing very well and there are not many projects that are paying out 40% APY's directly in LEO every Friday evening and when we factor in each CUBlife token is now worth 4.25 LEO each as well, I can't even think of anything that competes with that. You know what, I went back and checked the LEO price at launch and it was closer to 1.50 LEO per CL token but still 2.8x which is still better than LBI is doing so im happy I do not need to delete that last paragraph, haha. 

Going forward, we continue to do what we are doing. It's working and even if the dollar price of our wallet falls some for a year are so we will always be increasing crypto holdings and when the bulls come back, we'll back into 50-60% land for a few months. 

So dividends will be shipped out this evening, thanks for checking put the report and have a great weekend. 


![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/Eq7SkLACHiCoSh18qhhQep7Sx6Yu2u4BCeND8znnvTmaULiGqaaZpKWotLVCK4Uv4Pa.png)

![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/23yU2YDB8ViVQYs9XAw85oxoKouvLJcKQ97GCaL1AbzHtuA7rnZpPMCYBJX7fEyLHF79m.png)

![image.png](https://files.peakd.com/file/peakd-hive/lbi-token/Eq7SkLACHiCoSh18qhhQep7Sx6Yu2u4BCeND8znnvTmaULiGqaaZpKWotLVCK4Uv4Pa.png)




Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@lbi-token/cublife-cl-weekly-report-54-or-cublife-is-outperforming-lbi-at-it-s-own-game)
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vote details (370)
@cmmemes ·
being a clown I was contractually obliged to purchase CL with Hive so that I feel like an idiot everytime you talk about APY in Leo :)
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@jfang003 ·
Defi is always going to be generating quite a bit of revenue I see that you are investing in a few different pools. Those APR is pretty sweet.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-lbi-token-57jser)
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@mypathtofire ·
Cub looks like a bargain right now.
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