Protocol/Project Name:
Steer Protocol
Protocol Overview:
Steer Protocol is a decentralized abstraction layer for consumer protocols, empowering innovative use cases and advanced automation. Its flagship product, Smart Pools, is an automated liquidity management (ALM) solution tailored for concentrated liquidity AMMs. Smart Pools leverages multi-position strategies and off-chain computation to optimize liquidity provision and features a robust library of strategies for diverse asset types, including LSTs, stablecoins, blue chips, and memecoins.
Smart Pools, deployed across 33 chains and integrated with 35 AMMs, has generated $3.5m+ in LP fees and managed 2000+ vaults. Smart Pools offers a fully permissionless system and a developer-friendly environment supporting 20+ programming languages. It addresses key DeFi challenges like inefficient liquidity management and suboptimal yields while enabling innovative DeFi applications and automation.
Incentive Impact Statement
The Steer ezETH/WETH Vault manages liquidity for a key LRT pool on Kim and Mode, playing a pivotal role in maintaining robust liquidity health and optimizing trading efficiency within the Mode network. By implementing gauges and aligning incentives, we can better ensure this pool remains highly liquid, sustainable and more attractive for liquidity providers. By attracting LPs, we can create a healthier environment for traders, minimizing slippage through deepening liquidity.
Contribution to the Kim Ecosystem
Steer Protocol is proud to be an early partner of Kim Protocol, actively contributing to its vision of community-driven development through our innovative Smart Pools. Currently, Steer Smart Pools power approximately 28 vaults across 15+ markets for deeper liquidity, volume generation and new users inflow, created by both Kim users and Steer Protocol.
Expanding on this foundation, we are collaborating closely with additional partners on Mode to introduce AI-powered vaults to Kim, driving the creation of new markets for emerging protocols within the Kim ecosystem.
Additional Information
Co-Incentivization Plans
Steer will run $OP incentives from Mode Season 3 on top of this vault.
Community Initiatives
We will be launching an exciting campaign to promote our incentives! The campaign will include engaging educational threads, insightful AMAs, and interactive community activities on Discord and Twitter, all designed to boost awareness and participation.
Contact Information
Email: contact@steer.finanace
Discord: Steer Protocol Discord