Token Distribution
Who holds the STEAK?
Last updated
Who holds the STEAK?
Last updated
There is a fixed total supply of 5,000,000 $STEAK. A large proportion of $STEAK will be vested on launch, and slowly released over time.
SteakHut will allocate 40% (2,000,000) of $STEAK-tokens to protocol rewards. These rewards have already been partially allocated and disbursed during the SteakHut V1 phase, which was our legacy platform.
Protocol Rewards
40% of the total token supply
Potential Strategic Investors
20% of the total token supply
Team Tokens
15% of the total token supply
Treasury & Reserve
10% of the total token supply
Token Launchpad
10% of the total token supply
Future Team & Advisors
5% of the total token supply
Protocol Rewards
-
Emission Schedule
Potential Strategic Investors
0%
Discretionary
Team Tokens
0%
12 month cliff, 3 year linear vest
Treasury & Reserve
100% (10%)
-
Token Launchpad
100% (10%)
-
Future Team & Advisors
Discretionary
TBD
Purpose: Incentivize liquidity providers and users of the SteakHut platform by rewarding $STEAK emissions.
Liquidity providers will be able to receive STEAK rewards on boosted SteakHut liquidity vaults. Users can convert their STEAK to xSTEAK and allocate to the boosting application to further boost their share of STEAK rewards.
$STEAK emissions will be scheduled over a 3-year period, ending August 2026, at a constant rate of 6380 STEAK/month.
Emissions will be rewarded to SteakHut's liquidity vaults via our masterchef contract, allowing for constant emission of tokens to incentivized strategies.
Purpose: To bootstrap the development of the SteakHut platform as necessary and generate strong strategic partnerships.
Purpose: Aligning the interest of the SteakHut development team with the entire SteakHut community and rewarding key contributors in developing SteakHut.
Vesting: 12-month cliff, 3-year linear vest
Purpose: Marketing, protocol growth, and CEX listing.
SteakHut launched via the Rocket Joe launchpad in order to bootstrap liquidity for our governance token, $STEAK. The launch was completed on May 5th, 2022, raising 10,353 AVAX.
Purpose: Growing the SteakHut team and platform.
5% will be held by the SteakHut treasury and will be used for growing the future SteakHut team and partnering with strategic advisors to help grow the SteakHut platform.
Token Symbol
STEAK
Token Platform
Avalanche, Arbitrum, LayerZero OFT
Token Type
ERC-20
Total Supply
5,000,000
Staking Token
xSTEAK
DEX Availability
Trader Joe
CEX Availability
Currently Nil
The remaining allocated tokens will be used in SteakHut Liquidity V2 boosted farming rewards to incentivize participation and liquidity provision within the SteakHut ecosystem. Of these remaining tokens, our will dictate the emission rate and runway of protocol reward tokens.
