Steer Protocol · Ethereum

OPEN-WETH (UniswapV3)

Overview

The Steer Protocol OPEN-WETH pool on Ethereum is a liquidity manager where users provide liquidity for the OPEN-WETH pair, generating fees from trading volume. Total APY stands at 5.41%, with no additional reward component. The 30-day trend shows a decline of 8.79%, placing the current rate below the 30-day mean of 4.44%. TVL is $305,205 and exposure includes impermanent loss risk due to the multi-asset nature of the pool. Liquidity depth in this pool supports efficient trading but exposes users to price volatility between assets.

Composed 2026-05-20 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 4.93%; 30-day mean is 5.01%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 70% confidence based on historical patterns.

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