SteakHut Finance Announces Yield Boosting Protocol on Trader Joe
SteakHut Finance Announces Yield Boosting Protocol on Trader Joe
馃ォ Juicy Yields Just Got Juicier
SteakHut Finance is launching a new yield optimization protocol integrated with Trader Joe's veTokenomics model.
- Protocol aims to accumulate veJOE for enhanced rewards
- Users can stake in boosted pools for up to 97% of generated yields
- Current market rate on Avalanche protocols averages 10-20%
The protocol positions itself as a next-generation yield booster, following similar mechanics to the Curve wars and Platypus party models.
Key Benefit: Significantly higher yield returns compared to existing Avalanche protocols.
Want to learn more? Join our community for updates on the launch.
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KET-AVAX Pool Launch on SteakHut
SteakHut Finance has launched a new KET-AVAX liquidity pool, expanding their automated liquidity providing options. The platform, which leverages Trader Joe's veTokenomics model, allows users to: - Automate liquidity provision - Earn enhanced yields through veJOE farming - Access boosted pools with up to 97% yield returns This launch responds to community demand for more KET token utility options.
SteakHut x H4SHFund Airdrop Launch Announcement
The SteakHut x H4SHFund Airdrop is now live for eligible STEAK-Holders who participated in the governance vote. Key Details: - Tokens distributed through vesting stream via Sablier - 6-month linear vesting with 1-day cliff period - Small claiming fee (up to $2) applies How to Claim: 1. Visit [H4SHFund dApp](https://app.sablier.com/airdrops/campaign/0xb1dfb3254be46d0d5b81a6e0c8b8ea6872372a04-43114) 2. Click Check Eligibility 3. Begin claiming after cliff period **Important**: Only participants of the previous airdrop governance vote are eligible.
Innovation First: SteakHut Finance's Vision for DeFi
SteakHut Finance announces its commitment to revolutionizing DeFi yield optimization through integration with Trader Joe's veTokenomics model. - Protocol will accumulate veJOE to provide **boosted rewards** in specialized pools - Users can earn up to **97% of yields** by staking LP tokens - Current market average on Avalanche protocols: 10-20% fees - System follows successful models like Curve wars and Platypus party *Focus on innovation aims to advance decentralized finance ecosystem while maximizing user returns.*
SteakHut's Growth and Performance on Avalanche
SteakHut, a decentralized market maker on Avalanche, reports significant growth metrics: - Generated over $200,000 in token rewards - Achieved 70%+ staking APR for $STEAK - Processed $2M+ in trading fees for liquidity providers - Manages $13M in Total Value Locked - Facilitates ~10% of all Avalanche trades The protocol operates as a liquidity layer, automating market-making across the ecosystem. $STEAK token holders receive performance fees from trading activities, with a fixed supply cap of 5 million tokens. *Key Metrics*: - Founded: 2022 - Total Volume: $1B+ - Recent buybacks: $65,000 worth of $STEAK