What is Steer Protocol's Smart Rewards?

Steer Protocol's Smart Rewards is a cutting-edge, permissionless incentivization platform that unifies both on-chain and off-chain rewards into a seamless experience. The platform provides a single, intuitive interface where users can discover, track, and claim incentives across multiple blockchain ecosystems, streamlining what has traditionally been a fragmented process.

Incentives are hard to design and harder to implement. Our system aims to solve this by allowing users to deploy incentives on their terms. Built on-top of our core off-chain compute infrastructure, Smart Rewards is fully customizable and benefits from our rich data marketplace and developer tooling.

Whether you are a user who wants to track real-time reward accrual or a protocol aiming to set up a growth campaign, Smart Rewards offers a comprehensive suite of tools and analytics. Our mission is to provide an integrated marketplace where all parties can come together to build, source, and incentivize the full liquidity landscape on-chain.

Key Features

• Unified Incentives Marketplace
  Browse and participate in diverse incentives offered by different protocols all in one place.

• Token Flexibility
  Select your preferred reward token from a curated list of acceptable tokens, with the option to request the inclusion of new ones.

• Streaming Rewards
  Enjoy real-time insights into your reward status. Easily differentiate between what is pending and what is available to claim. All bundle executions are fully transparent and deterministic.

• Non-Custodial with Escrow Protection
  We never take custody of your assets, and all on-chain distributions utilize our secure Compute Cloud. Funds are securely held in escrow until campaigns begin, ensuring transparency and security.

• Universal Vault Adapter
  Tap into a variety of yields, including lending and vault balance incentives. The Universal Adapter approach allows any protocol with existing vault infrastructure to be supported from day one without additional development effort.

• Money Legos
  Liquidity which was once locked in staking vaults is now free to be utilized in other on-chain protocols like lending or Steer Smart Bonds.

Platform Benefits

User Benefits	Protocol Benefits
Unified incentives marketplace	Fully permissionless campaign creation
Streaming rewards	Customizable incentives
Non-custodial	Universal vault adapter
Real-time insights	Money Legos
Easy claim process	Distribution bundles

How It Works

1. Protocols Create Incentive Campaigns
   Launching an incentive campaign is fully permissionless! Using Smart Rewards Wizard, incentives can easily be launched in under a few minutes. These campaigns can be designed around providing liquidity, lending, or any custom on-chain or off-chain action.

2. Users Participate
   Users participate by performing the eligible actions—like staking liquidity in a certain pool or lending on a supported protocol. That's it! Users simply are rewarded.

3. Reward Calculation & Tracking
   Our off-chain engine computes your potential rewards by continuously monitoring user activities. Both pending and claimable rewards are available in one convenient dashboard, thanks to our real-time analytics.

4. Collect Rewards
   Rewards are distributed hourly. Once they have been streamed onchain, users can instantly claim them!

Use Cases and Applications

Smart Rewards is versatile and can be applied across various scenarios:

• Incentivizing Liquidity Providers
  Reward LPs based on performance metrics, duration of liquidity provision, or custom criteria you define. Create sophisticated reward structures that align with your protocol's specific needs.

• Engaging Community Members
  Offer rewards to users who actively participate in governance, complete designated tasks, or promote your protocol across social media platforms. Build stronger community engagement through targeted incentives.

• Rewarding Stakers
  Design campaigns that distribute rewards to users staking tokens in your protocol, with customizable parameters for distribution based on stake size, duration, or other metrics.

• Encouraging Adoption
  Drive user adoption by rewarding specific actions like bridging assets, using new features, or maintaining token holdings. Create incentive structures that support your growth objectives.

Distribution Bundles: The Power of Composability

At the heart of Smart Rewards lies our innovative distribution bundle system, enabling unprecedented flexibility in reward distribution:

• Custom Distribution Logic
  Create sophisticated reward scenarios by combining multiple parameters. For example, reward users who:

  • Maintain specific liquidity thresholds
  • Complete verification processes
  • Engage with your protocol across multiple platforms
  • Meet custom-defined performance metrics

• Data-Driven Rewards
  Leverage both on-chain and off-chain data sources to power your distribution logic. Our bundles can process information from:

  • Smart contract interactions
  • Social media engagement
  • Trading activity
  • External APIs and more

Advanced Capabilities

With Smart Rewards, you can create sophisticated reward programs:

• Design Multi-Token Reward Structures
  Create campaigns that reward users with multiple tokens, each with its own distribution logic and criteria.

• Incorporate External Data
  Use off-chain data sources to influence reward distribution, such as real-world events, market conditions, or social media activity.

• Build Complex Incentive Programs
  Combine multiple distribution bundles to create layered incentive programs that reward users for diverse actions and achievements.

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If you or your protocol are interested in joining the beta program for smart rewards Connect with us