Steer Protocol · Polygon

WBTC-USDC (QuickSwap)

Overview

The Steer Protocol WBTC-USDC pool on Polygon is a liquidity manager that generates yield by facilitating trades between two assets, WBTC and USDC, through the QuickSwap decentralized exchange. Traders pay fees for each trade executed against this liquidity, which are then distributed to suppliers of the pool’s capital. This pool competes with other venues offering similar pairs on Polygon but stands out due to its specific protocol mechanics.

The total APY is 76.2%, consisting solely of base yield since there is no additional reward layer. Over the past seven days, the APY has increased by 9.47%, while over the last thirty days, it has decreased by 31.49%. The current rate exceeds the 30-day mean of 63.88%, indicating a recent upward trend in yield generation.

TVL is $85,879, with no data available for the seven-day change, suggesting relatively stable capital levels. Given its multi-asset nature, this pool exposes suppliers to impermanent loss risk. The liquidity depth and trading volume on QuickSwap influence the stability of returns, making it essential to monitor market conditions closely.

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 76.11%; 30-day mean is 120.39%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 55% confidence based on historical patterns.

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