Smart pools emerge when yield-generating algorithmic strategies is added to AMM pools like Sushiswap, Uniswap, Pancakeswap & more. These smart pools provide seamless automation for active liquidity management using the Steer protocol's cutting-edge multi-position strategy infrastructure, coupled with the prowess of off-chain computing. The resulting synergy of components allows for a novel approach that leads to -
- High fees compared to other ALM's in permissionless systems.
- Better concentration of liquidity around the current price.
- Deeper liquidity on the same amount of liquidity.
- Reduced slippage & impermanent loss for the traders.
- Auto-compounding of fees with boosted rewards to optimize profits and reduce risks for LPs.
In collaboration with Angle Protocol, the incorporation of Merkle rewards and a native staking modules has injected a new level of excitement into yields, all while minimizing risks for liquidity providers.
Steer Protocol has built an open ecosystem where any protocol can deploy a smart pool using smart pool modes. With Steer Protocol new UI deploying a smart pool has become a straightforward process for both protocols and liquidity providers.
Steer Protocol provides 3 modes to deploy a smart pool
- Quick & Easy Mode
- Advance Mode
- Expert Mode
Each mode is designed to align with the specific requirements of the end user, taking into account a profound comprehension of the intricacies surrounding concentrated liquidity.
Quick & Easy Mode
This mode uses Steer Protocol Channel Multiper Strategy to establish a price channel in your desired pool. Just Choose a percentage spread around the current price from 25%, 50%, 75% option and you are all set to deploy a smart pool. This is best suited for protocol looking to migrate liqudity from v2 pools to v3 pools for increased capital efficiency.
Even at the widest spread there is an substantial improvement of around 2.5x in terms of enhanced concentration & Fees, determined by the chosen pool's liquidity depth.
|Spread percentage||V3 pool Fees compared with V2 pool||V3 pool slippage reduction compared to V2 pool||Min. Investment needed on v3 pool equivalent $1m in v2 liquidity|
|25%||~8.5x more fees||~1/4 reduction||$150k minimum|
|50%||~4x more fees||~1/2 reduction||$250k minimum|
|75%||~2.5x more fees||~3/4 reduction||$450k minimum|
These numbers are approx and can vary based on the v3 pool liqudity depth, fee tier and more factors.
To deploy a smart pool using quick mode, there are just 2 steps to follow
- Select a pool from a AMM search & Choose Quick & Easy Mode
- Set the spread percentage & review the liqudity graph and press deploy
Steer's Advanced Mode presents a curated list of featured investment strategies, each suited to match your specific requirements and market volatility. Within this mode, you'll find a each strategy with essential details such as Total Value Locked (TVL), range of Annual Percentage Rates (APR), and the optimal volatility environment for each strategy to help you choose better.
Distinguished by their unique logics, these strategies offer a spectrum of potential rewards and associated risks. Steer goes the extra mile by providing you with the opportunity to delve deeper into each strategy, gaining a comprehensive understanding of its inner workings. Currently, Steer's array encompasses five distinct strategies, catering to a range of volatility scenarios – from low to high – and accommodating both stable and similar pairs.
Some of these strategies boast an average Annual Percentage Rate (APR) of approximately 100% or even higher. If you possess a good grasp of concentrated liquidity dynamics and are comfortable navigating this landscape, then this mode aligns seamlessly with your preferences.
Learn more about Steer Featured Strategies
To deploy a smart pool using advance mode, there are 3 steps to follow
- Select a pool from a AMM search & Choose Advance Mode
- Select the strategy based on pool volitilty and your needs
- Review or customise if needed and press deploy
Steer's Expert Mode is tailor-made for quants, programmers, protocols, and market-makers aiming to deploy their own customized strategies on AMM's pools with 100% customisation and control. With Steer's dedicated development suite, known as the Steer SDK, users gain the power to construct yield-generating strategies across a spectrum of 11 chains and 7 AMM's with over 20+ programming languages.
The synergy between Steer's SDK and its data marketplace is a game-changer. Users can seamlessly integrate data sources into their strategies, amplifying the ease of building yield-generating strategy. The process is streamlined: clone Steer's foundational strategy code, integrate essential interfaces, code your logic, and let Steer manage the secure execution.
What's more, Steer fosters more strategy creation by sharing a portion of revenue – a generous 1/3 share – with the creators of successful strategies. Imagine earning 5% of the total fees garnered by your strategy as it attracts Total Value Locked (TVL). This earning potential multiplies if your strategy is remixed and incorporated into other pools. As TVL surges, so do the fees directed to the strategist's pocket.
To deploy a smart pool using expert mode, there are 5 steps to follow
- Select a pool from a AMM search & Choose Expert Mode
- Fill the strategy upload form
- Select the data connectors if your strategy use a data connector
- Configure the Steer vaults attach to the AMM for security
- Review or customise if needed and press deploy.
What if i need more help in deploying smart pool?
We've put in significant effort to create intuitive and user-friendly interfaces, ensuring a seamless self-service experience. However, if you find yourself in need of further assistance, we're here to help. Look for the chat button located at the bottom right-hand side of our documentation, dapp, and website. Simply provide details about your requirements, concerns, or any issues you're facing, and one of our team members will promptly get in touch with you. Alternatively, you can also join our discord community where we're available around the clock on weekdays, providing continuous support and engagement. Your satisfaction is our priority, and we're dedicated to ensuring you have the best experience possible.
Is there a backtesting toolkit that i can use to test my strategies?
Yes, we do have a backtesting toolkit web version as well as a CLI version
Why do i need to fund the gas?
Steer protocol dont pay for execution of the strategies, You can learn more about Gas & Fees