SteakHut V2 Introduces New Liquidity Features on Avalanche

Feb 28, 2024 / By Avalanche / 4 Minute Read

SteakHut Liquidity launched on the Avalanche C-Chain, bringing unique liquidity strategies to the ecosystem.

SteakHut, a platform for active liquidity management and decentralized market-making, has launched SteakHut Liquidity V2 on the Avalanche C-Chain. SteakHut Liquidity is live on Uniswap v3 on the Avalanche C-Chain, allowing users to access and manage tailored liquidity strategies across all major concentrated liquidity market makers (CLMMs).

SteakHut came into the Avalanche ecosystem in November 2023 with a seed round led partly by Blizzard. Launching V2 on Avalanche fuels the next generation of active liquidity management, bringing potentially higher capital efficiency and tailored strategies to DeFi. SteakHut is collaborating with three key Avalanche LST protocols, Benqi, Yield Yak, and GoGoPool, under its Farmers Rush program to incentivize liquidity provision and active participation with strategies specific to the token pair and protocol's goals.

Liquidity Layer of Web3

SteakHut helps unlock value by creating capital-efficient liquidity options. Active liquidity management is a paradigm shift for protocols that need help navigating concentrated liquidity or don’t have the resources to monitor and manage liquidity positions actively. SteakHut's smart contracts facilitate seamless liquidity management across multiple blockchains and CLMMs, addressing the challenge of liquidity fragmentation in the DeFi landscape.

New Features Come to SteakHut Liquidity

Permissionless vault creation: Liquidity providers can deploy a liquidity vault directly from the SteakHut platform. Meanwhile, liquidity managers can customize their unique vault by deploying a strategy on any key CLMM.
Multiple liquidity positions: Liquidity managers can deploy up to 20 concentrated liquidity ranges within a single vault. Managing multiple ranges within a vault allows liquidity managers flexibility over creating sophisticated market-making strategies tailored to their objectives.
Inventory management: Holding and Swapping: The liquidity management tools enable managers to dynamically adjust their strategies to market conditions, enhancing risk management and capital deployment. Holding permits secure token storage within a vault, with allocations adjustable by the manager. Swapping offers the flexibility to change the vault's token ratio, with slippage limits and DEX aggregation ensuring minimal impact, controlled by the manager.
Dedicated data and analytics suite: SteakHut's subgraph allows liquidity providers and managers instant access to key metrics, such as viewing token compositions for hedging strategies and reviewing revenue data.

"We talked to a handful of protocols across Avalanche to find out what problems they faced with liquidity. We discovered that liquidity can be very capital-heavy for protocols, expensive to incentivize, and increasingly complicated, fragmented, and time-consuming. SteakHut set out with the goal to help fix these issues and help make liquidity easy, fast, and permissionless for everyone." – Ribeye, Cofounder of SteakHut

SteakHut V2 represents a step forward in the evolution of provisioning liquidity for CLAMMs in the Avalanche ecosystem," said Eric Kang, BD Manager at Ava Labs. "By addressing the complexities and limitations of traditional LP processes, SteakHut is making sophisticated liquidity management potentially more accessible, transparent, and customizable to a wider range of participants.

How to get Started

Liquidity providers can access a range of in-house liquidity strategies, automating and optimizing liquidity across CLMMs. Liquidity Managers can create and manage custom strategies directly from the SteakHut dApp. The SteakHut platform allows protocols and DAOs to create markets and attract liquidity in a permissionless, decentralized, and non-custodial way.

To learn more about SteakHut, visit its whitepaper or Twitter.

Provided for informational purposes only, without representation, warranty, or guarantee of any kind. None of this is as an endorsement by Ava Labs, Inc., the Avalanche Foundation Limited, or any of their respective subsidiaries or affiliates, nor is any of this investment or financial advice. Please review this Notice and conduct your research to properly evaluate the risks and benefits of any project.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.