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SteakHut operates by bringing three tokens to Web 3; STEAK, xSTEAK, and hJOE
$STEAK is SteakHut's native token. Holders can stake their tokens to earn revenue rewards.
xSTEAK is a non-transferable escrowed governance token, corresponding to locked STEAK.
xSTEAK allows for the ability to allocate it to plugins, allowing for modular staking applications. The operation consists of staking xSTEAK into desired application in exchange for various benefits.
Herd JOE or hJOE are JOE tokens that have been Zapped with SteakHut. hJOE holders are eligible to receive $STEAK emissions initially followed by profit shares generated by the protocol.