Understanding $STEAK


STEAK-Holders can receive a share in excess rewards with SteakHut's STEAKING rewards application.

$STEAK is the native governance token for SteakHut. It has four primary use cases:

  1. $STEAK-Holders receive a portion of SteakHut protocol revenues, in the form of staking.

  2. $STEAK token holders are able to vote on proposals in direct proportion to their holdings.

  3. $STEAK token holders can supply $STEAK-AVAX or $STEAK-ETH LP on Trader Joe to receive compensation for supplying liquidity to the market.

  4. Any bonus tokens generated from Trader Joe will be paid as a special bonus to STEAK-holders.

Obtaining $STEAK Tokens

Only 5,000,000 $STEAK tokens will ever be minted to ensure no dilution and create a truly deflationary token. As such there are very limited ways to obtain $STEAK

  • Users can swap their tokens to $STEAK on the Trader Joe DEX

  • Users can bridge $STEAK cross-chain through the SteakHut dApp

  • Users who Zap their JOE into hJOE will receive $STEAK emissions

  • Through other limited special airdrops and promotional activities

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