SteakHut Finance is working on yield enhancement protocols, based on Trader Joe and their veTokenomics model. Essentially, SteakHut is a farming optimization protocol.
About SteakHut Finance
Users who contribute their LP tokens to SteakHut's enhanced pools will receive up to 97% of all revenue, generated by the protocol. The rest of the revenue comes from the $STEAK SteakHut and JOE Zappers governance tokens. Performance fees vary, with a maximum of 20% and a minimum of 3%. The $STEAK governance token serves to represent ownership of the protocol, allowing holders to share in the profits and vote in the governance of the protocol.
The first users who convert their JOE tokens to the Zapped JOE token, herdJOE (hJOE), can stake their hJOE tokens on the exclusive issue of $STEAK tokens. This encourages users to convert their JOE to hJOE and essentially gives Zappers the right to own part of the protocol. With SteakHut, users can convert their JOE to hJOE (Herd JOE). After conversion, the protocol automatically hosts it in veTokenomics Trader Joe. By putting JOE, the platform receives veJOE.
Other features:
| 1 | By working together and using veJOE SteakHut collective pools, SteakHut can achieve much higher rewards than basic farming with Trader Joe. |
| 2 | The SteakHut platform, like other models, charges a small fee for performance in pools. |
| 3 | This will run on a sliding scale of 3 to 20%, optimized for the best results for the community. All fees will be 100% refunded to the community. |
SteakHut is focused on providing low fees and high returns for JLP contributors. This commission varies from 3% to 20% and will depend on TVL and our competitors' rates.
STEAK token
$STEAK — SteakHut Finance's governance token. The token represents ownership of the protocol and entitles holders to a share of the profits in SteakHut commissions. Holders will receive income through the token buyback and burn program, as well as periodic dividends. They will occur once established monthly.
STEAK-Holders receive a share of the profits through buyback and dividend programs that will be held monthly after incorporation.