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
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.