> For the complete documentation index, see [llms.txt](https://whitepaper-old.steakhut.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper-old.steakhut.finance/getting-started/liquidity/active-strategies.md). # Active Strategies ## Coming Soon! Liquidity should not be treated as a one-size-fits-all approach. The liquidity Book allows for endless ways to structure liquidity depending on risk tolerance and objectives. SteakHut allows a curated marketplace of liquidity strategies. Strategists can permissionless create and manage liquidity to earn a share of vault performance fees. ## Permissionless Vaults SteakHut Liquidity permissionless vaults allow anyone to create a liquidity vault strategy on-top of the Trader Joe Liquidity Book. Users will be able to view a range of whitelisted strategists and select a strategy. Users can read the philosophy behind the strategies, check past performance and easily stake their tokens into the strategy. Strategists are then able to structure liquidity and call a rebalance and reinvest as required to manage the liquidity around their investment philosophy. ## What can strategists earn? For actively managed custom strategies the total fee is set between 10-20% as chosen by the strategist. This fee is then divided among the following: > SteakHut protocol fee = 77% of fee > > Strategist = 12% of fee > > Caller = 11% of fee --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://whitepaper-old.steakhut.finance/getting-started/liquidity/active-strategies.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.