USDC-USDT LP Incentive Gauge

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 is deployed across 33 chains and integrated with 35 AMMs, and has generated $3.5m+ in LP fees and managed over 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 USDC/USDT Vault, plays a pivotal role in maintaining robust liquidity health and optimizing trading efficiency within the Mode network. Through both bear and bull cycles, maintaining significant liquidity in stable pools is vital to a healthy ecosystem and beneficial for trading order routers in particular.

By implementing gauges and aligning incentives, Steer ensures this pool remains highly liquid, sustainable and more attractive for liquidity providers. This approach provides a liquid route for routers and traders and contributes to further solidifying Mode’s position as a front-runner in DeFi.

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 an incentive program on top of this vault as well.

Community Initiatives
We will be launching an exciting campaign to promote our incentives! The campaign will include engaging educational thread and insightful AMAs, all designed to boost awareness and participation.

Contact Information
Email: contact@steer.finanace
Discord: Steer Protocol Discord