Auto-compounding Vaults
Unlock the DeFi flywheel, and compound your rewards!
SteakHut brings low-cost accessible DeFi strategies to Avalanche with our range of auto-compounders.
Our vaults automatically convert your rewards back into the underlying staked token, and reinvest it into the pool allowing you to sit back and enjoy compounded yields!
Auto-compounding Vault Fees
Performance Fee: 4%
SteakHut’s ultra-low-cost auto-compounders have a small performance fee of only 4%. This is calculated only on the reward amount for each compound.
The transaction costs associated with auto-compounding are also socialized among all users, further reducing any fees.
Performance Fee breakdown:
4% Accrued by SteakHut treasury
Fee example: a user with $1,000 staked into the strategy earning 10% in rewards would only realize 4% fees paid on the $100 in rewards ($4). This is automatically realized during each compounding period.
sJOE Auto-compounding Farm
Strategy
The sJOE auto-compounding farm using Trader Joe's sJOE staking to auto-compound your $JOE. When users stake their $JOE, our smart contracts deposit your $JOE into Trader Joe's sJOE staking, all rewards are then converted back into $JOE and re-invested.
Fee
2.5% performance fee
Variable deposit fee (Dictated by Trader Joe)
The 2.5% performance fee is accrued on the reward balance each time the farm is compounded. Trader Joe's sJOE staking also has a deposit fee ranging from 0-3%.
Fee Example:
User stakes: $1000 in $JOE tokens
User yields: 20%
Over the course of 1 year, the user accrues $200 in rewards. A 2.5% performance fee is acquired on the rewards each compounding period, meaning the user accrues $5 in rewards. When depositing a fee may also be acquired by Trader Joe ranging from 0-3%.
Automate your sJOE staking
Rewards are re-invested for you
Ultra-low-cost performance fees
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