Enjoy real-yield rewards from the SteakHut platform
Users can allocate their xSTEAK to the rewards staking application to earn a share of real-yield protocol rewards.
Rewards are distributed in the form of one or more tokens and are distributed continuously (reward/second), through weekly epochs.
The distribution is based on a weekly epoch logic: every week, a fixed part of the owner-defined accumulated tokens is marked as to be distributed. This is then distributed at a constant rate over 7 days.
Rewards will be accrued from across the SteakHut platform: V1 pools, liquidity vaults, auto compounding vaults.
The rewards attributed to the reward application are paid out equally throughout 7 days, and earnt in real-time, each second by users with xSTEAK allocated to the rewards application, proportionally to their share of the total allocation.
Users can harvest their rewards at any time.
Deallocating xSTEAK from the Rewards plugin will stop the user from earning rewards. This can be completed at any time.
The deallocation fee is 0.5%, users who hold a STEAK.jpeg NFT are exempt from the deallocation fee.