Steer Protocol · Polygon

USDC-WETH (QuickSwap)

Overview

The Steer Protocol USDC-WETH pool on Polygon is a liquidity manager that generates yield by providing liquidity for the QuickSwap decentralized exchange. This multi-asset pool enables users to earn from trading fees and other incentives, with exposure primarily coming from impermanent loss risk due to price fluctuations.

Total APY stands at 145.26%, with no separate reward component noted. The 7-day trend shows a significant increase of 57.21%, while the 30-day trend indicates a decline of 6.78%. This current rate is above the 30-day mean of 112.87%.

TVL in this pool amounts to $162,431 with no reported change over the past week. The primary risk here involves impermanent loss exposure due to the multi-asset nature of the pool. Depth and liquidity provided by this pool attract trading volume, contributing to higher fee earnings for liquidity providers.

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 214.33%; 30-day mean is 152.02%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 52% confidence based on historical patterns.

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