Steer Protocol · Polygon

WBTC-WETH (QuickSwap)

Overview

The Steer Protocol WBTC-WETH pool on Polygon is a liquidity manager that generates yield by facilitating trades between WBTC and WETH tokens through the QuickSwap decentralized exchange. Users deposit these assets into the pool, earning returns from trading fees.

Total APY stands at 20.1%, with no additional reward component. Over the past week, this rate has risen by 5.33%, while over the last month it has dropped by 2.24%. This current rate is above the 30-day mean of 17.8%.

TVL in the pool amounts to $256K with no reported change over the past week. The primary risk for participants here is impermanent loss due to the multi-asset nature of the pool. Liquidity depth remains strong, supporting robust trading activity and fee generation.

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 24.77%; 30-day mean is 38.06%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Stable/Up" with 74% confidence based on historical patterns.

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