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STEAK, THE LIQUIDITY LAYER OF AVALANCHE AND SOON ARBITRUM

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3 years ago

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Are you excited about the LB model introduced by $JOE ? But don't know how to get those juicy APRs and don't want to deal with managing your LP? I got you! Introducing @steakhut_fi—a beta play, Liquidity Management Protocol built on top of $JOE.
1/ $JOE is live on $ARBI . LPs have already started to print juicy APRs! $STEAK allows users to automate and optimize liquidity on Liquidity Book, removing the barriers for people who don't want to manage their positions every day.
2/ $JOE has announced a bunch of partners for their $ARBI launch. Most of them are known to the crypto community, except for $STEAK. This means $STEAK is likely to be on $ARBI as well. Their mainnet launch for LB pools will be on January 6th , Avalanche.
3/ @steakhut_fi crushes the UI/UX game with their Avalanche dapp. Plus, check out this LB pool info from dev leak!
4/ Steakhut v2 has been audit by @0xPaladinSec. twitter.com/steakhut_fi/status/1610312658544205824?s=20&t=nB_5cOUlM2ao2ahbEJ4dCA
6/ Users will have a chance to deposit their funds and watch their LPs and #RealYields grow - cozy, huh? Vaults are fungible, and other projects might build on top of $STEAK.
7/ What kind of ideas can be implemented on top of it ? • Farming rewards programs • LPs as collateral • Leveraged positions • Auto-Hedged delta neutral LP positions • Automated POL
8/ Introducing STEAK-O-NOMICS: • 5M total supply, deflationary tokenomics & buyback program. • Holders receive a ~50% revenue share from SteakHut fees! • MCAP: 290K | FDV: 700K
9/ In my opinion, if you're betting on the future of @traderjoe_xyz, @steakhut_fi is a huge gem for capturing the value of the Liquidity Book model. Highlights: - Amazing UI/UX - Shippooooorr team - Deflationary token - Low cap with limited downside - Bottomed chart
10/ $JOE - $UNI $JOE is a competitor of $UNI and market is pricing $UNI 90x more valuable
11/ $STEAK - $SPICE @ArrakisFinance is building automated LP strategies for Uni V3 and has raised $4M for its seed round. If we moderately assume that $SPICE will have a $180M FDV at launch, then $STEAK should be worth at least $2M – giving it an easy 3x from these prices.
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Degen Maker

@RealDegenGMX

Simplifying DeFi & AI. | Class of 2021. Expert insights, deep dives, and a touch of humor with regular shitposting and cryptic larping. 🥩