Absolutely, @AlexPromoTeam, your insight highlights a crucial aspect of our system: its complete permissionlessness. With our platform, users enjoy unparalleled freedom—they can deposit, withdraw, stake, and unstake at any time, without any constraints. Moreover, transparency is paramount to us; that’s why we provide all contract addresses on our vault page, ensuring users have full visibility into our operations.
But what truly sets us apart is our innovative QuickMode feature, empowering users to become their own Automated Liquidity Managers. Through QuickMode, anyone can effortlessly create automated strategies tailored to any Concentrated Liquidity Pool. This democratization of liquidity management puts the power directly into the hands of our users, revolutionizing the DeFi landscape.
Hey @Vangardem thanks for asking these questions -
Do you have some tutorials for those traders who want to create strategies?
We do have docs around how to build a strategy - Writing An App | Steer Protocol
One great thing to note is that you don’t need to know solidity or any other programming language, if you know any web2 based programming language we got you covered.
Only thing which we need is the interfaces as mentioned in the doc. Would love to know what strategy are you thinking, happy to help.
Concentrating liquidity is a very good thing, can traders create their own pools?
Concentrating liquidity is great if handled correctly, can generate up to 200x returns as compared to v2 style liquidity models.
Creating a pools is not under Steer hands, You can create a pool on the supported AMM like Arthswap or Quickswap. We help you create/use strategies to manage liquidity on top of them to be able to generate higher returns than a normal v2 or manual management v3 Liqudity provision.
It would be nice if you could explain a little bit how is the pool management or what exactly is the role of your platform and how it differs from other projects of this type in other networks.
This is a great question again. So in v3 i.e concentrated liquidity management pools seen in many current Automated Market Makers (AMMs) oor Decentralized Exchanges (DEXs), liquidity provision revolves around maintaining a specified range centered around the prevailing asset price. This arrangement allows liquidity providers to facilitate trading while earning a portion of the trading fees.
Given the inherent volatility in asset prices, manually managing these ranges becomes impractical. Liquidity providers would constantly need to adjust their positions by withdrawing and redepositing liquidity to maintain optimal ranges. However, such manual intervention becomes cumbersome and inefficient, especially considering the rapid fluctuations in asset prices.
To address this challenge, automation through data-driven algorithmic strategies becomes imperative. This is where Automated Liquidity Management (ALM) steps in. By leveraging algorithms that analyze market data and trends, ALM systems can dynamically adjust liquidity positions to ensure optimal range management for liquidity providers. This automation not only streamlines the process but also enhances the effectiveness of liquidity provision in dynamic market conditions.
Steer differs from all ALM’s -
How we handle the liquidity - We use multi-position liquidity management (we are the first one to do this), powered by our off-chain compute and data marketplace, where we segment your liquidity into various sections. This approach allows for the strategic placement of liquidity across different curves, with the flexibility to allocate it in varying proportions. This innovative method ensures optimal concentration of liquidity, resulting in significantly higher yields compared to other ALM systems for the same amount of liquidity invested.
How we run and execute these strategies - Our ALM solution is unique in its class, featuring a multi-node deterministic execution pipeline that is fortified with an extensive array of security checks. This robust system seamlessly integrates daul consensus mechanisms, ensuring unparalleled security and reliability. In contrast, other ALMs rely on externally owned accounts (EOAs), which do not offer the same level of sophistication and security assurance as our advanced infrastructure.
Transparent and Open ecosystem - We stand out as the only ALM platform where users can effortlessly deploy their own market-making strategies without enduring the lengthy business development processes typical of other ALMs. Our platform is built on transparency and accessibility; all of our strategies are publicly available, ready to be forked and remixed on any market in under 30 seconds. We ensure complete visibility for Liquidity Providers (LPs) and end users, eliminating the opacity of hidden ‘black boxes’ often found in similar platforms.
Largest Array of Strategies to cater all possible cases for MM for any kind of tokens - LSD, Stable, Pegged etc
Revenue Share - Only ALM that Share ⅓ of revenue with the Strategy creator from total performance fees
Strategy Development Kit - We are the only ALM that provide a SDK to the AMM users to build strategy in any programming language for any concentrated liquidity pool and host on Steer Infra as per their custom needs.
Backtesting Kit - We provide all AMM user with backtest suite to backtest strategy by simulating a the real environment of trades, that help them with a backtest accuracy of any strategy with more than 95%
Support this proposal, great team and also the reward to support the dApp operating would benefit the Astar eco and I would like to explore the smart trader function, is that open to public yet?
