flipside

    Try Quests to earn SEITry Quests to earn SEI
    omer93
    discord@sei_saiterm
    @omer93

    Steer Protocol on Sei

    hexagon

    Flipside AI

    The Sei blockchain's Steer protocol liquidity pools demonstrate low activity and high concentration, with the iSEI-WSEI pool dominating 94.7% of total volume. Daily active users remain minimal, peaking at just 3 unique addresses, while token volume shows significant volatility, with the WSEI token reaching a volume spike of 4.084. Despite sporadic trading actions across iSEI, WSEI, USDC, and USDT pairs, the overall liquidity pool engagement appears subdued during the observed period.

    The Steer Protocol offers a cutting-edge solution for liquidity providers, automating liquidity management with strategic vaults designed to complement other pools in the Sei Network, such as DragonSwap pools, while maximizing rewards and minimizing complexity.

    At the core of Steer Protocol are two innovative strategies:

    1. Classic Rebalance Strategy: Dynamically positions liquidity around an asset’s current price, automatically rebalancing when the price moves out of range. This ensures consistent market participation while optimizing yields, with a trade-off for specific use cases involving impermanent loss.

    2. Channel Multiplier Strategy: Calculates dynamic support and resistance levels by multiplying the asset's current price by a predetermined factor. This strategy capitalizes on significant price movements and trails the asset’s price within a flexible price channel, offering high potential returns during market volatility.

    Steer Protocol doesn’t just stop at optimizing liquidity; it also enhances rewards and security:

    • Higher Rewards: Vaults on Steer Protocol provide superior yield opportunities when paired with pools on Sei, such as DragonSwap pools. Rewards are distributed via Merkl, a product of Angle Protocol, where rewards are stake-less—simply holding LP tokens in your wallet makes you eligible.

    • Vault Cover: Protect your assets with cover powered by OpenCover, providing insurance against potential risks. Cover ensures peace of mind for liquidity providers, enabling safer participation in vaults.

    This dashboard showcases the performance of Steer Protocol’s active vaults and strategies, their integration within the Sei ecosystem, and how liquidity providers can unlock higher rewards while safeguarding their assets. Dive in and explore how Steer Protocol is elevating liquidity management on Sei Network!

    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.