what's steer protocol?
Steer Protocol is a decentralized protocol providing modular infrastructure for building composable, data-driven Web3 applications across multiple blockchains. It offers automated liquidity management, on-chain task automation, non-custodial staking, and a data marketplace to enhance DeFi operations. The platform features enterprise-grade vaults, liquidity engines, and AI policy tools that power over 1000 tokens across more than 40 chains, powered by the Steer Network. Steer enables cross-chain automated strategies with secure on-chain executions, minimal fees for users, and maximal yield on earned fees for participants. It supports predictive liquidity management and AI-powered vaults, as highlighted in discussions within the crypto community.
Steer Protocol features 2,777% APR on Polygon (unaudited), 122-236% stablecoin APRs, and +0.75% returns.
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x.com/steerprotocolAchieved $140K TVL in a WMATIC–USDC managed liquidity pool on Polygon with 82.3% current APY and 90.6% 30-day average APY.
SWCH-USDT pool on Polygon via SteerProtocol/QuickSwap shows $26,472 TVL with 2,777% APR, expected to drop below 2,222%. Pool has no audit or formal risk rating.
Case study shows integration with Allora Network's context-aware inference for liquidity management delivers +0.75% returns compared to -0.08% for traditional strategies, with peak performance reaching 4.77% and smaller drawdowns during volatility.
Stablecoin farming pools on SagaEVM show updated APR rates ranging from 122%-236%, with MUST-D at ~236% APR, MUST-USDC at ~140% APR, and D-USDC at ~123% APR.
SagaYield liquidity pools go live on Saga blockchain with yields ranging from 250% to 690% APR across multiple pairs including SAGA<>D LP at ~690% APR and MUST<>D LPs at ~250% APR.
Partnership with NestExchange confirmed, with additional developments planned.
Subgraphs for Steer Protocol via Ormi Labs go live on Katana, providing new developer tools for data indexing.
Single-sided vaults deploy on Nibiru platform with Steer Protocol listed as a vault provider alongside Ichi Foundation and Elyx Finance.
WNIBI/stNIBI vault reports 84.57% Fee APR.
Single-sided deposit feature goes live, enabling Aura rewards via Merkl quest completion and Galxe Quest rewards for LP positions held 30+ days across any vault.
ZIP 004 now open for on-chain voting on Snapshot over the next 5 days to allocate funds to ZTX Staking Pool.
Automated vaults for cbBTC launch with Aura rewards and boosted yield, allowing BTC holders to farm yield without selling.
ZIP-004 governance proposal goes live on Discourse to allocate funds to an upcoming ZTX Staking Pool on Steer.
Fifth round of liquidity incentive campaign launches on merkl_xyz from Oct 23 - Nov 6, offering $2.3K+ weekly in LYX rewards and 170%+ total APR for wETH/LYX pool providers, with wETH deposits receiving a higher percentage of rewards across two campaign streams.
ALM vaults deploy on Katana platform, operating alongside competing protocols Charm Finance, The Deep, and Gamma Strategies.
Fourth round of liquidity incentive campaign launches on merkl_xyz from Oct 17-23, offering over $2,500 weekly in LYX rewards and 150%+ total APR for wETH/LYX pool providers, with wETH deposits earning a higher percentage across two campaign streams.
Founder Derek Barrera appears on The Allora Forecast podcast Episode 7 on 10/14 at 1PM ET to discuss the project's predictive liquidity management and AI-powered vaults in collaboration with Allora Labs.
Users can now supply liquidity to cbBTC vaults on Steer (alongside Gamma and ICHI) to earn fees and Aura rewards.
Integration with Binance Wallet goes live, making the protocol accessible as a dApp within one of the major Web3 wallet platforms.
Vaults with Beefy Finance go live with fresh incentives, offering competitive DeFi yields.
Deployment on Nibiru sees tracked liquidity surge 5.5x to over $5.5M in less than 2 weeks, driven by $2.5M in stablecoin inflows into concentrated liquidity vaults.
Partners with Allora Network to launch an AI-powered LP vault leveraging predictive machine learning models for enhanced market performance.
Third round of Liquidity Providers Incentive Campaign launches on merkl_xyz from Sep 25-Oct 9, offering $2,800+ weekly LYX rewards and 100%+ total APR for ETH/LYX pool liquidity providers.
Yearn Vaults on Katana platform now earn Steer Protocol points in addition to existing bridge yield, native yield, and KAT rewards.
Yearn Vaults on Katana platform now earn Steer protocol points, expanding yield opportunities for users.
Selected as one of the limited DeFi projects integrated in Soneium Season 1, providing automated liquidity management across Kyo & QuickSwap.
Active rewards campaign launches with LUKSO and merkl_xyz providing boosted rewards for ETH/LYX liquidity pool through Sep 11.
New ETH/LYX liquidity pool launches with Merkl offering 30% APR and $2,800 weekly rewards, plus boosted APR up to 140%
Saga Yield Hub launches with 150%+ APR for WETH-USDC liquidity pool
WETH-USDC pool offers 150%+ APR on Saga Yield Hub, with additional pools available.
Incentivized vaults launch on Saga Yield Hub, offering enhanced LP rewards through automated yield strategies.
Integrates with Berachain ecosystem as turnkey asset protocol provider.
Integrates automation engine with Saga platform for DeFi backend operations including LP strategies and stablecoin reserves.
New partnership integrates AI-driven automated liquidity management infrastructure for multi-chain deployments with DODO.