SteakHut Finance
We at SteakHut Finance are working on the next generation of yield boosting protocols, powered by Trader Joe and their veTokenomics model. In essence, SteakHut is a yield optimization protocol that synergistically integrates with veJOE farming.
Similar to the Curve wars and more recently the Platypus party, we will serve to accumulate as much veJOE as possible and allow users to receive significantly boosted rewards by staking in SteakHut’s boosted pools.
Users who deposit their LP Tokens into SteakHut's boosted pools will receive up to 97% of all yields generated by the protocol. In comparison, the market rate on fees across other Avalanche based protocols is closer to 10-20%.
Integrations
SteakHut Finance Announces $STEAK Token
Mon 14th Apr 2025
SteakHut Finance, a yield optimization protocol built on Trader Joe's veTokenomics model, has revealed their token ticker: **$STEAK**.
The protocol aims to:
- Accumulate veJOE for enhanced yield farming
- Offer boosted pools with up to 97% yield returns
- Significantly outperform current market rates (10-20%) on Avalanche
SteakHut's integration with veJOE farming positions it as a next-generation yield booster, following similar tokenomic models seen in the Curve wars and Platypus protocols.
Innovation First: SteakHut Finance's Vision for DeFi
Thu 16th Jan 2025
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 Finance Announces Yield Boosting Protocol on Trader Joe
Thu 16th Jan 2025
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.
SteakHut's Growth and Performance on Avalanche
Thu 16th Jan 2025
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
SteakHut Finance Builds Momentum Ahead of Launch
Thu 5th Dec 2024
SteakHut Finance, a yield optimization protocol built on Trader Joe's veTokenomics, continues to generate buzz in the DeFi community. The protocol aims to:
- Maximize veJOE farming efficiency
- Offer boosted rewards up to 97% of yields
- Provide enhanced LP staking opportunities
*Key Differentiator*: While typical Avalanche protocols offer 10-20% fees, SteakHut's model promises significantly higher returns through optimized veJOE accumulation.
**Launch Preparation**: Recent activity suggests the platform is nearing its public release.
SteakHut Finance Announces $30,000 in Upcoming Rewards
Thu 28th Nov 2024
SteakHut Finance has announced their latest reward distribution for the upcoming epoch. Stakers will receive approximately $30,000 in combined $STEAK and $USDC rewards. This represents a significant increase from previous distributions, such as the October epoch which paid out $2,500 to xSTEAK stakers. Rewards will be distributed across two tokens:
- $STEAK tokens
- $USDC tokens
**Staking remains open** for users looking to participate in future reward distributions.
It was in front of us, the whole time
Tue 15th Oct 2024
SteakHut Finance is developing a next-gen yield boosting protocol, leveraging Trader Joe's veTokenomics model. Key points:
- Yield optimization protocol integrating with veJOE farming
- Aims to accumulate veJOE for significantly boosted rewards
- Users can stake in SteakHut's boosted pools
- Up to 97% of yields go to users depositing LP Tokens
- Compares favorably to 10-20% market rate on other Avalanche protocols
SteakHut's approach mirrors strategies seen in Curve wars and Platypus party, focusing on maximizing veJOE accumulation for enhanced user rewards.
A BIG week is upon us:fist:
Tue 15th Oct 2024
A significant week is approaching for our community. This echoes previous announcements of 'big weeks' in September and October, suggesting a pattern of important developments or events. While details are not provided, the repeated use of this phrase indicates ongoing progress or milestones in our project's roadmap.
- Anticipate potential announcements or updates
- Stay tuned for more information
- Prepare for possible community engagement opportunities
*Remember to check official channels for the most up-to-date information.*
