Thread by @RealDegenGMX

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.

https://twitter.com/steakhut_fi/status/1610312658544205824

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.

You can read the unrolled version of this thread here: typefully.com/RealDegenGMX/y…

Tagging some chads for visibility

@defi_mochi
@DeFiMinty
@DAdvisoor
@crypto_linn
@CompleteDegen
@crypthoem
@rektdiomedes
@TheDeFinvestor
@Subli_Defi
@DeFi_educator
@Crypt0_Andrew
@DegenSensei
@Gemhunter9000
@thedefiedge
@AvaxGems
@luigidemeo
@LouisCooper_
@FungiAlpha