SteakHut
SteakHut
  • Welcome to SteakHut
  • Getting Started
    • 🌊Liquidity
      • SteakHut Strategies
        • Stable Strategy
        • Dynamic Range Strategy
        • Pegged Pair Strategy
      • Liquidity as a service
      • Structuring Liquidity
      • Risks
    • 🌱Boosted Rewards
    • 💡Create Vault
    • 🥩Steaking
      • Rewards
      • Boosting
  • The SteakHut Ecosystem
    • Liquidity Providers
    • Strategy Managers
    • Liquidity Seekers
  • Guides
    • STEAK Token
      • STEAKING Applications (xSTEAK)
      • Bridging $STEAK
      • Participating in Governance
    • Providing Liquidity
      • Depositing Liquidity
      • Withdrawing Liquidity
      • Boosted Farming
    • Managing Liquidity
      • Creating a vault
      • Managing a strategy
    • Troubleshooting
      • Fix Errors
      • Manually Withdrawing
      • Revoke Permissions
  • Tokenomics
    • $STEAK
    • Governance
    • Token Distribution
      • Emission Schedule
  • SteakHut Platform
    • Fees and Pricing
    • Smart Contracts
    • Security
      • Audits
      • Multi-Sig
    • Terms of Use
    • Brand Assets
  • Learn & Connect
    • SteakHut
    • Twitter
    • V1 Whitepaper
    • Medium
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On this page
  • Steaking Applications
  • What is xSTEAK?
  • xSTEAK Conversions
  • STEAK to xSTEAK conversion
  • xSTEAK to STEAK conversion
  • Canceling vesting
  • Reward allocation
  1. Getting Started

Steaking

Unlock the full potential of your $STEAK

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Last updated 1 year ago

The Steaking application gives STEAK-Holders access to modular staking utilities accessible by converting STEAK to xSTEAK.

Steaking applications become accessible by first converting STEAK to xSTEAK.

Steaking Applications

What is xSTEAK?

xSTEAK is a non-transferable escrowed governance token, corresponding to locked STEAK. STEAK can be directly converted to xSTEAK via the SteakHut dApp.

xSTEAK allows for the ability to allocate it to plugins, allowing for modular staking applications. The operation consists of staking xSTEAK into the desired application in exchange for various benefits.

Avalanche

0x902Aa4cC3b463c84541C9C1DeDF50620C99950B9

Arbitrum

0xC49b7c3f53bbbc3184d7ddB9f047BC8F090C9156

xSTEAK Conversions

STEAK and xSTEAK can be converted into each other within the SteakHut dApp. Converting xSTEAK back to STEAK involves a vesting period.

STEAK to xSTEAK conversion

STEAK can be freely converted into xSTEAK at any time. The process is instant, and the ratio is 1:1.

xSTEAK to STEAK conversion

xSTEAK is escrowed STEAK that can be redeemed by vesting. The user can select the vesting duration when converting xSTEAK to STEAK. The conversion ratio increases proportionally with the vesting duration:

  • The minimum vesting duration of 10 days will provide a 1:0.5 ratio

  • The maximum vesting duration of 45 days will provide a 1:1 ratio

If the selected vesting duration is lower than the maximum (ratio < 1:1), the excess STEAK is returned to the SteakHut treasury.

Canceling vesting

Cancel Redeem -> enter 0 and write.

Reward allocation

While vesting if a user decides to cancel the vest this is possible from the ,

While being redeemed, the xSTEAK will automatically receive rewards from the , but only at 50% of the value, while waiting for the vesting schedule process to complete.

contract
reward application
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Rewards
Boosting
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