SteakHut Liquidity offers a very simple solution to automatically manage your tokens on Trader Joe's Liquidity Book (DEX V2).
Concentrated liquidity adds further complexities to providing liquidity. Users are now tasked with choosing a price range, and distribution type and manually rebalancing and reinvesting rewards.
SteakHut Liquidity automates this entire process. With SteakHut Liquidity users can stake their tokens and our smart contracts automate the liquidity management process to optimize your liquidity.
veJOE Boosted Pools
With SteakHut, users are able to Zap their JOE to hJOE (Herd JOE). Once converted, the protocol automatically stakes it into Trader Joe's veJOE modular staking. By staking JOE, the platform accrues veJOE.
Accruing veJOE allows SteakHut to offer attractive farming yields for the entire SteakHut Herd. By working together and using SteakHut's veJOE pools, SteakHut is able to achieve much higher yields for users than base farming with Trader Joe.
Users can deposit their LP tokens into SteakHut's boosted pools without having or Zapping any $JOE tokens.
The SteakHut platform, like other models, will charge a small performance fee on our pools. This will be operated on a sliding scale from 3-20% optimized for the best outcomes for our users. All fees will be returned 100% to the community.