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$STEAK

SteakHut’s governance token ($STEAK), has a maximum of only 5,000,000 tokens.
There will be no further generation of $STEAK tokens through staking or other means. The finite $STEAK system will ensure there will be no dilution of the governance tokens.
STEAK-Holders are can stake their tokens to earn a profit-share in protocol revenues.

$STEAK-Holders can stake their tokens to receive:

Understanding $STEAK

STEAK-Holders will receive a share in profits through buy-back burning programs and revenue shares from staking.
$STEAK is the native governance token for SteakHut. It has four primary use cases:
  1. 1.
    $STEAK owners receive a portion of SteakHut protocol revenues, from staking. Further detailed in "Profit Share for STEAK-Holders".
  2. 2.
    $STEAK token holders are able to vote on proposals in direct proportion to their holdings
  3. 3.
    $STEAK token holders can supply $STEAK-AVAX LP on Trader Joe to receive compensation for supplying liquidity to the market.
  4. 4.
    Any bonus tokens generated from Trader Joe will be paid to STEAK-holders.

Profit Share for STEAK-Holders

STEAK-Holders can earn a share of revenues generated by the protocol fees from staking their tokens.
The profit share will be paid out of revenues generated by the platform's performance fees. The fees will be operated on a sliding scale from 3-20% optimized for the best outcomes for both LP depositors, Zappers, and STEAK-Holders.
The performance fee will be utilized as follows:
  • Distributed to $STEAK-Holders (50%)
  • Distributed to JOE Zappers to incentivize Zapping (50%), initially, Zappers will be incentivized with $STEAK emissions.
The 50/50 split is subject to change as the protocol matures.

Obtaining $STEAK Tokens

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
  • Through our exclusive Rocket Joe Launch, participants will gain access to $STEAK LP tokens
  • $STEAK can be purchased through Trader Joe LPs after launch
  • Users who Zap their JOE into hJOE will receive $STEAK emissions
  • Through other limited special airdrops and promotional activities