The past two weeks have been a whirlwind of progress, innovation, and community growth for Steer Protocol. We’re excited to share with you the fruits of our collective efforts, from new integrations and chain expansions to operational achievements.
Here’s the scoop on what we’ve been up to:
🚀 What’s New
⚡️Native Integrations: Seamlessly deposit with QuickSwap on Polygon PoS and Camelot on Arbitrum.
🌐 New AMMs: Our ecosystem grows stronger with the addition of Horiza on Arbitrum and Basex on Base, pushing our smart pool offerings to an impressive total of 962.
🔗 New Chain Deployments: Expanding our network through deployments on Astar Network, opBNB, Moonbeam, and Mantle chains opens new avenues for growth and to support protocols and AMMs on the broadest array of chains.
🚀 Native AMM UI Integration announcement! 🚀@CamelotDEX LPs can now enjoy depositing into Steer Smart Pools directly from Camelot's UI.
— Steer Protocol (@steerprotocol) January 31, 2024
Checkout the 30 Steer Smart Pools with reward incentives - it doesn't get better than this for @arbitrum LPs 😎https://t.co/Btqv5tYwdE pic.twitter.com/iNqSMwhQvJ
🌿 Ecosystem Developments
💹 On-Chain Growth: A staggering 10x TVL growth on Polygon and doubling our presence on Arbitrum in just the last two weeks.
🌱 Manta Farm Pools: For our yield farming enthusiasts, we’ve introduced 13 new pools. It’s time to harvest!
💧BSC Expansion: Time for a swim! New smart pools on Uniswap (8), PancakeSwap (15), and Thena (5) – helping grow a vibrant DeFi ecosystem.
📈 Base Chain Surge: We’ve seen an impressive 128% growth on Base in the last two weeks.
🌐 Calling all Liquidity Providers on @QuickswapDEX @MantaNetwork!
— Steer Protocol (@steerprotocol) February 1, 2024
🚜 Dual Rewards Farm Pools alert!
Now harvesting both $QUICK and $MANTA tokens!
🏊 $MANTA / $STONE
🏊 $MANTA / $wUSDM
🏊 $MANTA / $USDC
🏊 $WETH / $MANTA pic.twitter.com/yQLPWw7qvC
💼 Platform Update
💰 Fee Milestone: Achieving $600k in LP-generated fees in the last two months marks a significant milestone in our journey.
💡 Operational Excellence: Reduced operational expenses by 70%, enhancing overall platform efficiency and further cementing the long-term sustainability of Steer.
🚀 Partnership Announcement!
— Steer Protocol (@steerprotocol) February 12, 2024
🤝 Thrilled to announce that @basex_fi LP can tap into the power of @steerprotocol's smart pools for cutting-edge automated liquidity management for concentrated liquidity pools on the @base chain!
🌊 Steer smart pools provide LPs with -
1. Better… pic.twitter.com/OIM7F5vRGC
🌟 Community
💼 Team Expansion: We’re excited to welcome a new Head of Growth, bringing a wealth of experience from Coinbase to spearhead our growth initiatives.
🤝 Strategic Partnerships: We’ve got a few things brewing! Stay tuned for some exciting announcements.
🙏 Thank You: Your support is invaluable to us, and our success is a reflection of the trust and commitment of the Steer community. Together, we’re shaping a decentralized future.
Stay tuned for more updates!
🫡 The Steer team
