SteakHut
SteakHut Liquidity is an active liquidity management and decentralized market-making platform that allows users efficient access to and management of tailored liquidity strategies across all key concentrated liquidity AMMs (CLMMs). [1] [2]
Overview
SteakHut Liquidity offers composable and flexible smart contracts available across Web3, giving liquidity providers and liquidity seekers autonomy over their liquidity. [4]
SteakHut is creating “the liquidity layer of Web3.” The smart contracts were designed to allow cross-compatible liquidity management with all key CLMMs spanning multiple blockchains. [4]
With SteakHut we are redefining what it means to be a liquidity provider. Our smart contracts offer the most adaptable and composable liquidity management toolset available, allowing for the creation of sophisticated market-making strategies on-chain. - the whitepaper mentioned [4]
The $STEAK Token
$STEAK token is the native governance and utility token of SteakHut. Steak-holders can access Steaking applications to unlock modular staking and utility for their tokens.
With the rewards application users are able to earn a share of protocol profits earned across the SteakHut platform. Boosting allows users to stake their $STEAK and unlock boosted farming rewards on their liquidity positions. [4]
STEAK has a maximum supply of 5,000,000 tokens. It is an ERC-20 token that incorporates LayerZero’s Omnichain Fungible Token (OFT) extension. This technology enables the bridging of STEAK between various blockchain networks.
STEAK-Holders can stake their tokens using STEAKING applications to unlock the full utility, such as revenue sharing and boosted rewards. [10]
Governance
SteakHut's on-chain governance system allows users to implement changes to the SteakHut platform and govern key community-centric choices. [11]
$STEAK is the governance token of SteakHut, and governance is enabled on STEAK and xSTEAK in the below voting powers:
- STEAK (including OFT): 1
- xSTEAK (including allocated): 1
- Vesting xSTEAK: 0.5
Steak Governance can be used to determine token pairs that will be added to SteakHut's in-house liquidity strategies. Steak-holders can propose to have a SteakHut strategy created for an unsupported token pair. [11]
SteakHut Ecosystem
Liquidity Providers
SteakHut provides liquidity providers with a range of tools to help manage and provide liquidity across multiple concentrated AMMs (CLMMs).
Decentralized liquidity provisioning is in its infancy with very limited platforms created for liquidity providers. SteakHut is cross-compatible across all key CLMMs and blockchains allowing liquidity providers to aggregate and manage their liquidity from one simple platform. [5]
SteakHut's suite of liquidity-providing and market-making tooling allows users from beginners to institutions access to unique features to customise their liquidity. Notable features include automated rebalancing, composable liquidity structuring with multiple positions, cross-fee tier liquidity provision, and much more. [5]
SteakHut Liquidity Vaults
SteakHut's liquidity vaults are non-custodial smart contracts that are decentralized and permissionless to create and manage. Liquidity providers can choose to deposit in a range of in-house SteakHut-created, or community-created strategies that automate their liquidity and earn rewards in the form of swap fees.
Liquidity providers can also create and manage their own liquidity vault directly from the SteakHut dApp. This flexibility enables users to tailor their liquidity strategies to their specific needs or allows communities and protocols to create custom private or public strategies. [5]
Liquidity Automation
SteakHut's liquidity vaults simplify the time-consuming and complex nature of the automation process by enabling users to deposit into strategies that automatically rebalance liquidity. [5]
SteakHut LP Tokens
When a user deposits into a SteakHut Liquidity vault they receive a SteakHut LP token, this is an ERC-20 vault receipt token representing their share of tokens in the underlying strategy. [6]
SteakHut's LP tokens are unique to each vault and can be used for internal and external incentives, allowing for use cases such as liquidity mining rewards or concentrated positions as collateral. [7]
Strategy Managers
In SteakHut Liquidity V2, the team developed composable smart contracts and an intuitive user interface (UI) that enables users to efficiently create and manage permissionless liquidity strategies directly from the dApp.
Users gain the unprecedented ability to manage liquidity across multiple pools, spanning various ranges, with complete control over their performance fees and strategy management. [8]
Permissionless Vault Creation
Anyone can create a liquidity strategy directly from the SteakHut front end. Using the SteakHut front end, anyone can easily create a liquidity strategy and deploy vaults across all supported CLMMs and blockchains. [8]
Users have complete control over the parameters of the vault allowing them to deploy a vault for all pools available on the DEX. Users can configure vault settings, keep the vault private, or publish it for all users, and set performance fees according to their preferences. [8]
Inventory Management
SteakHut gives strategy managers access to inventory management features, allowing the swapping and holding of tokens within the liquidity vault. Inventory management allows for full flexibility of the strategy. Managers can swap tokens to alter the composition of tokens within the vault. This may be used to deploy a "bullish" or "bearish" outlook on the performance of an asset or to return the vault ratio back to a neutral 50:50 allocation. [8]
Liquidity Seekers
SteakHut's smart contracts are cross-compatible allowing support for all key CLMMs and blockchains, the liquidity vaults are built for maximum composability allowing users to run decentralized market-making for tokens.
Example use cases for SteakHut liquidity include protocols or market-makers looking to deploy decentralized market-making strategies for their tokens and creating deep DEX liquidity. [9]
