
SteakHut, a decentralized finance (DeFi) platform, has launched its V2 mainnet Active Liquidity Management (ALM) and decentralized market-making platform on Avalanche, introducing innovative features for liquidity providers. The platform allows users to manage custom liquidity strategies across concentrated liquidity Automated Market Makers (AMMs), offering up to 1119.52 STEAK per month in rewards during the Farmers Rush event, reminiscent of DeFi Summer 2021. Additionally, SteakHut has partnered with YieldYak to introduce a double reward farm, providing bonus STEAK and YAK rewards to liquidity providers in the yyAVAX-AVAX vault, with a 26% Annual Percentage Rate (APR) - 23% in YAK and 3% in xSTEAK - on $63K Total Value Locked (TVL), and the treasury committing YAK rewards at this rate for the next 60 days. Moreover, MORPHO rewards are now live on the wbIB01/PYUSD market, allowing users to earn yield and MORPHO rewards by depositing PYUSD in the SteakHut PYUSD vault.
Double rewards farming has begun in the @steakhut_fi $yyAVAX - $AVAX Uniswap V3 strategy. Currently 26% APR (23% $YAK, 3% $xSTEAK) on $63K TVL. Treasury has committed $YAK rewards at this rate for the next 60 days ๐๐ค๐ฎ. https://t.co/8FcfGazgjB https://t.co/DhMX5BMDpb
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Breaking: SteakHut's first double reward farm is now LIVE! We've partnered with @yieldyak_ to bring you bonus $STEAK + $YAK rewards ๐คค Provide liquidity to the yyAVAX-AVAX vault and start farming bonus rewards now! ๐ฑ๐ https://t.co/dpjGfhsger
