Steer ALM

A market starts drifting the moment it opens

Liquidity moves out of range. Inventory becomes one-sided. Volatility changes the useful width of a position. Fees accrue, incentives expire, and a market that looked healthy at launch can become expensive to trade.

Steer ALM combines a library of more than 20 off-the-shelf strategies, a market-hook layer, and the operating system that keeps each deployment attached to its market after capital is deposited.

Steer ALMDiscover pools. Configure strategies. Keep liquidity operating.

Pool discovery

Live vault

Permission vault deployment

Different markets need different strategies

Steer’s strategy catalog documents more than 20 custom strategies available today. Existing strategies can be selected and deployed from the App Store through a no-code flow, while teams that need different logic can build against the same ALM engine.

That breadth matters because a token launch, a stablecoin peg, a treasury mandate, and a tokenized-asset market do not need the same liquidity policy.

Each deployment combines a reusable strategy with its own assets, capital source, venue, parameters, permissions, and risk bounds. The library shortens the path from a market objective to an operating strategy without treating every market as the same.

From strategy selection to continuous operation

Selecting a strategy is the starting point. Steer Smart Pools place assets in non-custodial vaults whose strategy can evaluate market and position data, return a target allocation, and reposition liquidity through the associated manager.

The same operating cycle—observe, decide, reposition, and account—supports different strategy families while preserving the configuration required for each market.

Hooks extend ALM into the market itself

Strategies determine how capital is allocated over time. Steer-built hooks install logic at the market boundary, so ALM can also control how eligible flow enters a compatible market and how liquidity is sourced for execution.

Permissioned-market hooks can apply eligibility and execution policy before a controlled market path is used. Current patterns include allowlisted vault participation and signed, issuer-authorized settlement routes. This makes permissions part of market execution instead of an offchain operating procedure.

Steer has also developed and tested a Uniswap v4 just-in-time (JIT) liquidity hook. Between swaps, capital can remain in ERC-4626 lending vaults. For an eligible in-flight trade, the hook can move the strategy’s available capital into the pool, remove the temporary position after the swap, and return capital to the lending layer. If inventory first needs a token-ratio adjustment, the system defers to Steer’s managed tend flow.

The JIT hook is a pipeline module rather than an off-the-shelf production deployment. Steer’s publicly documented Algebra Rehypothecation Hook applies the same broader principle—coordinating active AMM liquidity with approved ERC-4626 yield sources—through a swap-aware, strategy-managed model.

Operating history becomes product leverage

These figures describe Steer’s broader deployment history, not the number of active or funded ALM vaults today. Their importance is architectural: a new partner product can reuse integrations, vault patterns, strategy operations, and market workflows that Steer has already exercised.

From liquidity product to product infrastructure

ALM can be sold directly as managed liquidity, but its larger role is underneath the partner product portfolio.

The same engine can support different products because the market, strategy, and operating configuration remain separable.

Explore the liquidity interface · Read the Smart Pools documentation

Next: see the compute network beneath the product stack →