Steer Protocol · Ethereum

USDM1-USDC (UniswapV3)

Overview

The Steer Protocol USDM1-USDC pool on Ethereum is a single-asset stablecoin position where suppliers earn variable interest on USDC deposits through the UniswapV3 liquidity manager protocol. The total APY stands at 0%, with no additional reward component or trend data available over recent periods. TVL currently sits at $298,000 with no reported change in the past week. Primary exposure for this pool is depeg risk on the underlying stablecoin due to its single-asset nature. The liquidity depth of this pool ensures a reliable market presence for USDC trading and swapping activities.

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.

• Depeg risk

  The pool is built on stablecoins. A depeg of any underlying asset would impact returns and principal.

• Yield variability

  Yields can change as TVL and incentive emissions change. The current APY is not a guarantee.

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