Permissionless Yield Farms, xSTEP and Tokenomics Loops

Lots of random yield combos coz why not

xSTEP is born

Permissionless Yield Farms

Closing the loop

Yield Farms and the Tokenomics Loop

  • Permissionless Yield Farms start with high APYs
  • To ape in you need 50% STEP as an LP
  • This pumps TVL which increases likelihood of arbs
  • Arbs on AMM bring fee revenue
  • Fees go to Treasury wallet
  • Treasury takes these fees and buy STEP then sends it to xSTEP contract
  • xSTEP is needed for more Permissionless Yield Farms
  • More STEP is acquired to ape into new farms which pumps STEP which increases liquidity on AMM in $ terms
  • Repeat

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Step Finance

Step Finance

Step Finance is the front page of Solana. Visualise, Analyse, Aggregate and Execute transactions across Solana in one easy to use Dashboard

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