Glossary

$STEAK

$STEAK is SteakHut's governance token and represents ownership in the SteakHut Protocol. It is a deflationary token. Holders will be eligible for buy-backs and dividends.

STEAK-Holder

Someone that holds $STEAK

The Herd

The SteakHut's powerful collective community. The Herd works together so we can all enjoy boosted yields.

JOE

Trader Joe's governance token

hJOE

Herd JOE (hJOE) are JOE tokens that have been Zapped with SteakHut. hJOE holders are eligible to receive $STEAK emissions initially followed by profit shares generated by the protocol.

veJOE

Trader Joe's veTokenomic staking system. Stake JOE into veJOE to earn veJOE overtime, and receive boosted JOE Farm rewards and governance over veJOE.

APY

Annual Percentage Yield, is the normalized representation of an interest rate, based on a compounding period over one year.

JLP

Trader Joe LPs, or JLP tokens are the tokens received when providing liquidity on Trader Joe.

TVL

Total Value Locked is the dollar amount of all LP deposits staked in the SteakHut protocol.