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Steer Points Program

Steer Points Program

Steer Points program is designed to recognize and reward our most active and dedicated users who contribute to the Steer Protocol ecosystem.

This document outlines everything you need to know about participating in the program and earning points.

Program Overview​

The Steer Points Program is an 8-week campaign that rewards users for performing key actions within the ecosystem, primarily centered around providing liquidity to Steer's Smart Pools.

  • Start Date: July 1st, 2025
  • End Date: August 26, 2025

Getting Started: The Key to Participation​

To unlock the ability to earn points, you must first hold a Steer NFT.

  • Requirement: You must either mint the new, free Steer Points NFT or be a holder of the original (OG) Steer NFT.
  • How to Mint: Visit Guild here, then join the Steer community and mint your free NFT and activate your points-earning journey.

How to Earn Points​

There are two primary ways to accumulate points during the program. And make sure you’ve minted your NFT first!

1. Providing Liquidity to Steer Vaults​

The core of the Points Program is rewarding users who provide liquidity to steer vaults.

  • Base Rate: Earn 1 point per dollar ($1) of liquidity, per day.
  • How it Works: 
    • Simply deposit your assets into any of the Steer vaults marked with the points icons.
    • You can do this through the Steer dApp or directly through the interfaces of our supported DEX partners (e.g., QuickSwap).
  • Boosted Vault Multipliers : To reward liquidity in high-priority pools, certain vaults offer point multipliers. Look for the multiplier symbol next to a vault to identify its earning rate:
    • (1x): Standard base rate.
    • (2x): Earn 2 points per $1 per day.
    • (3x): Earn 3 points per $1 per day.
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A complete and up-to-date list of all whitelisted vaults and their respective multipliers is available on Points-Eligible Smart Pools List.

2. Referring Friends​

Help grow the Steer community and earn points for your efforts!

  • Reward: You will earn 1 point for every 4 points your referred user accrues (a 25% commission on their earnings).
  • How to Refer:
    • Step 1. Go to the points Dashboard or the Steer dApp.
    • Step 2. Generate your unique referral link.
    • Step 3. Share it with your friends. When they participate using your link, you'll start earning.
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Note: You will likely need to connect your social accounts via the Points Dashboard to verify these actions and claim your points.

Special Boost for OG NFT Holders​

As a special thank you to our earliest supporters, holders of the original (OG) Steer NFT collection will receive a significant advantage.

  • Bonus: A 20% boost will be applied to all points you earn from any activity.
  • Example: If you earn 100 points from liquidity provision and referrals, your OG NFT boost will automatically turn them into 120 points.

How Points Are Calculated​

  • Daily Snapshots: Our system will take random snapshots each day to calculate the value of your liquidity positions.
  • Continuous Accrual: Points are accrued based on these snapshots. The longer you keep your funds in a vault, and the larger your position, the more points you will stack over time.
  • Tracking Your Points: You can monitor your earned points, referral status, and overall rank on the Points Dashboard.

Supported Ecosystems​

For the initial phase, the Points Program will be active across a selection of our key partner platforms and chains.

  • Supported Chains:
    • Arbitrum
    • Base
    • Polygon
  • Supported DEXs:
    • Uniswap
    • QuickSwap
    • Camelot
    • Sushi

Frequently Asked Questions (FAQ)​

Q: What happens after the 8-week program ends?

This is the initial phase of the program. Future phases and the utility of the points will be announced by the Steer team based on the 8-week program performance. Stay tuned to our official channels for updates.

Q: Do I lose my points if I withdraw my liquidity from a vault?

No, you do not lose the points you have already earned. You will simply stop accruing new points for that position until you deposit again.

Q: How do I claim my points for following on X and joining Discord?

Visit the Points Dashboard on the Steer dApp. There will be a section to connect your social accounts and verify that you have completed the tasks.

Q: Is there a difference between the new free NFT and the OG Steer NFT?

Yes. Both NFTs grant you access to the Points Program. However, only the OG Steer NFT grants the 20% points boost.

Terms and Conditions​

View the terms and conditions for the Steer points program.