Steer Protocol · Ethereum

DFX-WETH (UniswapV3)

Overview

The Steer Protocol DFX-WETH pool on Ethereum is a liquidity management venue where users provide liquidity for the DFX-WETH pair, generating yield through trading fee accrual. The protocol aggregates trading activity and distributes fees to liquidity providers based on their share of the pool. This pool competes with other venues offering similar pairs on Ethereum.

The total APY stands at 8.29%, with no additional reward component. Over the past seven days, the APY has increased by 4.49% and over thirty days it has risen by 7.22%. The current APY is above the 30-day mean of 4.09%, indicating expanding yield for liquidity providers.

The TVL in this pool currently stands at $95,214, with a slight increase observed over the past week. Given its relatively small size, even modest changes can have noticeable impacts on TVL stability. The primary risk exposure is from impermanent loss due to the multi-asset nature of the liquidity provision. Additionally, the depth and responsiveness of this pool to trading demand play crucial roles in maintaining stable yields for providers.

Composed 2026-05-22 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 3.23%; 30-day mean is 15.22%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 57% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.