Product & technology
What Steer sells
Steer turns spot, lending, options, and liquidity markets into structured products that can be issued and managed onchain autonomously.
Foundation or Labs teams typically bring Steer in to operate markets and ecosystem programs. Asset issuers can then use the same market infrastructure, venue integrations, and operating team to launch products without assembling separate liquidity, policy, compute, and reporting systems.
Across 45 chains and 57 DEX or AMM integrations, Steer has already operated the execution layer these products depend on.
The Steer product suite
Each product owns a distinct part of the stack. A deployment uses the products it needs rather than adopting all six.
The suite combines capabilities already deployed with products being hardened for broader issuance. Availability varies by deployment; current program status is listed below.
Steer ALM
Operate liquidity with off-the-shelf strategies and market hooks.
- Strategy library
- Permissioned-market hooks
- JIT liquidity
Steer IDE
Draft, simulate, and review automated strategies before deployment.
- Strategy development
- Simulation
- Review and testing
Issuance Studio
Configure and launch onchain products and markets.
- Product terms
- Market launch
- Lifecycle setup
Steer Network
Run WebAssembly workloads across a managed node quorum for Steer products and infrastructure.
- WASM execution
- Quorum computation
- Application-defined data
Matador
Encode and enforce permissions, limits, and resulting-state rules directly onchain.
- Mandates and permissions
- Execution limits
- Resulting-state checks
Steer Prime
Create portfolios and managed accounts that carry investment mandates into onchain operation.
- Portfolio construction
- Mandate configuration
- Manual or automated management
How the products work together
An issuer typically arrives with an asset, a target chain or venue, and an intended market or product. Steer connects that mandate to the required infrastructure and ongoing operation.
| Stage | Product | What happens |
|---|---|---|
| Establish and operate the market | Steer ALM | Select and operate off-the-shelf strategies; install market hooks for permissioned execution, yield-aware capital allocation, and JIT liquidity. |
| Develop the strategy | Steer IDE | Draft, simulate, and review automated strategies before deployment. |
| Issue and constrain | Issuance Studio + Matador | Configure product terms, permissions, limits, and resulting-state rules. |
| Compute continuously | Steer Network | Run application workloads and data processing across a managed WASM quorum. |
| Manage accounts | Steer Prime | Translate investment mandates into configurable portfolios and managed accounts. |
Partner integrations can carry the live product and its allocation route into an existing distribution workflow.
Product as protocol—not product as promise
Many onchain products hold assets onchain while their operating terms still live in documents, dashboards, or an operator mandate. Users are trusting a promise about what the operator will do.
Matador makes configured product rules enforceable onchain. On a covered path, it checks the proposed action before execution and the resulting state before settlement. If either violates policy, the enclosing transaction reverts.
Read the Matador technical overview →
Products in market
Current programs use different parts of the suite. Not every deployment requires all six products.
| Program | Client | Use case | Current stage | Steer scope |
|---|---|---|---|---|
| Collateral Rail | USDM1 | Policy-controlled liquidity and settlement for a sovereign financial instrument | Sepolia staging · independent audit pending | Uniswap v4 hook, signed-quote routing, issuer settlement integration, risk controls, and operating infrastructure |
| Onchain ETF (DTF) | Reserve | Automated liquidity and portfolio operations for diversified token portfolios | Deployed · funded | Market infrastructure and recurring portfolio operations |
| Stablecoin Stability Engine | Liquity | Automated liquidity and lifecycle support for stablecoin stability mechanisms | Deployed | Vault infrastructure and recurring lifecycle automation |
| Solver Liquidity Layer | Bittensor | Liquidity and execution capacity for solver-driven markets | Deployed · funding pending | Integration and recurring execution infrastructure |
Program-level deployment, capital or usage, commercial status, and partner-approved descriptions are provided through the controlled product and commercial folders.
Product materials
| Material | Access |
|---|---|
| Product and architecture overview | Link access |
| Public application and developer surfaces | Link access through Product & technical documents |
| Current program records and deployment detail | NDA |
| Matador policy, path coverage, tests, and deployment mapping | NDA / restricted by security scope |
| Product roadmap and release plan | NDA |