SteakHut’s zJOE Blitz!
SteakHut’s zJOE Blitz has begun! SteakHut will be giving away STEAK tokens to the very first users to convert zJOE for LP tokens and deposit them in our Herd boosted pools!
Right now, SteakHut is offering the lowest fees and highest APRs across almost all Trader Joe boosted liquidity pools. We want to celebrate by giving everyone JUICY rewards!
What is SteakHut’s zJOE Blitz?
The zJOE Blitz is designed to celebrate SteakHut and give users a glimpse of our JUICY APRs!
By converting your zJOE tokens to LP tokens and depositing on SteakHut you could earn BONUS STEAK!
With SteakHut’s new LP Zapping feature you can convert your zJOE, JOE or WAVAX tokens into a range of LP tokens which can then be deposited into our boosted pools for huge returns!
The first users to convert their zJOE and deposit with SteakHut will earn BONUS locked STEAK tokens!
How much could I make?
For every 10 zJOE converted and deposited into SteakHut you will receive a bonus locked STEAK token!
At current market values, this represents an increase of around 15–20%.
When you deposit your LP tokens into our Herd boosted pools you also unlock huge returns on your tokens depending on which boosted pool you stake with!
To recap — for every 10 zJOE a user converts and deposits, they will receive 1 locked and vested Steak token in return, you must also remain deposited in our boosted pools for at least 3 weeks. This will go on until 250,000 zJOE are converted (or 72 hours), so make sure to get in fast!
How long will SteakHut’s zJOE Blitz last?
Only the earliest users to convert their zJOE and deposit their LP tokens into our boosted pools will receive our bonus STEAK airdrop!
The zJOE Blitz bonuses will only be available for the first 250,000 zJOE converted and deposited, or for 72 hours, so get in quick!
To be eligible you must be one of the first to convert and deposit, and you must also remain deposited in our boosted pools for at least 3 weeks.
What is the locking period?
The Herd Blitz locked $STEAK tokens will be airdropped to users at the end of the cliff period. Tokens will be vested over 16-weeks with a 5-week cliff.
What are LP tokens?
LP tokens represent liquidity for two different tokens such as JOE and AVAX. LP token holders help supply liquidity to liquidity pools. By staking your LP tokens with SteakHut you can unlock boosted rewards which you can harvest in real-time!
· Pool APR: Fees collected by liquidity pools, paid on top of your position when you withdraw.
· JOE APR: JOE tokens that can be collected by selecting “Harvest”.
· Bonus APR: Bonus reward tokens that can also be claimed by selecting “Harvest”.
How do I use SteakHut’s new LP Zapper?
SteakHut’s new LP Zapping features makes it easy to create LP tokens!
In only 5 clicks you can convert your tokens into a high APR earning LP token with SteakHut!
Step 1: Head over to SteakHut’s website and connect your wallet
Step 2: Under Herd Boosted LPs, Select our LP Zapper
Step 3: Select the type of token you would like to convert and the LP token you would like to receive
Step 4: Enter the number of zJOE tokens you would like to convert and select “Approve”
Step 5: You can now deposit your LP tokens into our boosted pools and receive extra juicy APRs!
What is SteakHut?
SteakHut is a yield-boosting protocol that is powered by Trader Joe’s veJOE staking. We harness the power of the Herd’s veJOE to unlock the highest possible yields for our users!
SteakHut has been built for the Trader Joe community. We even launched with Trader Joe’s Rocket Joe Launchpad! We offer a secure audited platform trusted by the Trader Joe community.
Our goal is to bring the highest yields to the Avalanche community by offering the lowest fees and highest rewards! By depositing your JLP tokens with SteakHut you could be making significantly boosted returns.
