$STEAK is the native governance token for SteakHut. It has four primary use cases:
- 1.$STEAK-Holders receive a portion of SteakHut protocol revenues, in the form of staking.
- 2.$STEAK token holders are able to vote on proposals in direct proportion to their holdings.
- 3.$STEAK token holders can supply $STEAK-AVAX LP on Trader Joe to receive compensation for supplying liquidity to the market.
- 4.Any bonus tokens generated from Trader Joe will be paid as a special bonus to STEAK-holders.
Only 5,000,000 $STEAK tokens will ever be minted to ensure no dilution and create a truly deflationary token. As such there are very limited ways to obtain $STEAK
- Users can swap their tokens to $STEAK on the Trader Joe DEX
- Users can bridge $STEAK cross-chain through the SteakHut dApp
- Users who Zap their JOE into hJOE will receive $STEAK emissions
- Through other limited special airdrops and promotional activities