Steer Protocol
Automated liquidity manager
Automated concentrated-liquidity vaults sold to token issuers and DAOs; its clients are named only in testimonials on its own site.
About Steer Protocol
Steer provides automated vaults and liquidity engines for protocols, asset managers and builders, and says it has deployed more than 4,000 vaults across 40+ chains. Its Smart Pools manage concentrated liquidity for a 15% performance fee, and Steer Pro, launched in April 2025, offers DAOs automated treasury strategies.
steer.finance ↗Our verdict
Its clients appear only as testimonials on its own site, and it does not document what its strategists can do with vault funds.
How each block was graded
Mandate
Reserve, Taiko and MASQ are named as clients, but only in testimonials on Steer’s own site; we found no DAO vote or client-side announcement.
| What we found | Source | Checked |
|---|---|---|
| Testimonials from Reserve Protocol, MASQ and Taiko on Steer’s homepage (undated) | steer.finance | 2026-09-21 |
Money
Value in Steer vaults is tracked publicly at about $21.9M on 21 Sep 2026. Steer says funds sit in non-custodial wallets, but the documents we read do not describe what its strategists or keepers are permitted to do.
| What we found | Source | Checked |
|---|---|---|
| Total value locked in Steer vaults: $21.9M (read 21 Sep 2026) | defillama.com | 2026-09-21 |
| “User funds are fully secured in non-custodial wallets”; strategist and keeper permissions not described | docs.steer.finance | 2026-09-21 |
Transparency
Steer lists its vaults in a public app, but it renders in the browser and we could not verify the position data it shows; we found no reports.
| What we found | Source | Checked |
|---|---|---|
| Public vault listing in the Steer app | app.steer.finance | 2026-09-21 |
| not published | — | 2026-09-21 |
Strengths & weaknesses
What works
- ✓Non-custodial vaults
- ✓Public vault listing
- ✓Value managed is tracked independently
Where it loses grades
- ✕Clients named only in testimonials on its own site
- ✕Strategist and keeper permissions are not documented
- ✕Vault value has roughly halved since September 2025
A token issuer that wants automated concentrated liquidity on many chains without a bespoke mandate.
A DAO that needs a manager whose appointment is on the public record.
The rest of the dao treasury & liquidity managers ranking
Same three blocks, same rules, same review run — this is what Steer Protocol is being compared against.
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