Gamma vs Steer Protocol

Broadest chain support: Deployed on 15+ chains including Ethereum, Arbitrum, Polygon, and Base. This matters for protocols needing a single, unified management interface across a fragmented multi-chain portfolio.

Advanced rebalancing logic: Features like Just-in-Time (JIT) liquidity and volatility-adjusted ranges. This matters for maximizing fee yield in volatile markets and competing with professional market makers.

Lower operational overhead: Native integration with Gelato for gas-efficient, automated rebalancing. This matters for projects deploying high-frequency strategies or managing thousands of positions where gas costs are prohibitive.

Vaults as building blocks: Strategies are deployable as standalone, composable smart contracts. This matters for protocols that want to embed active liquidity management directly into their dApp (e.g., a lending protocol's own liquidity pool).

You are a large DAO or institution managing liquidity across multiple chains and need:

• A single dashboard for all positions.
• The most granular control over complex rebalancing logic.
• A battle-tested system with deep integrations (e.g., The Graph, Chainlink).

You are a developer or new protocol prioritizing:

• Low-cost, set-and-forget automation on Arbitrum, Polygon, or Avalanche.
• Composability to bake active liquidity into your product.
• Rapid iteration with customizable, on-chain strategy logic.

Concentrated Liquidity V3 Specialist: Gamma provides advanced, automated strategies for Uniswap V3, enabling dynamic fee tier selection and range optimization. This matters for protocols seeking to maximize yield on a fixed capital base, especially for volatile or trending assets.

Primarily an Automation Layer: Gamma focuses on optimizing existing AMM liquidity (Uniswap V3, PancakeSwap V3). It is not a standalone protocol for creating new market types like order books or exotic derivatives. This matters for teams needing a full-stack DEX infrastructure rather than a yield optimizer.

Requires Smart Contract Expertise: While flexible, creating effective strategies on Steer demands significant development and auditing resources. This matters for projects with limited engineering bandwidth that prefer a managed, strategy-as-a-service model like Gamma's.

Established market leader: Secured over $1.5B in Total Value Locked (TVL) across 20+ chains, including Ethereum, Arbitrum, and Polygon. This deep liquidity and multi-year track record matter for protocols prioritizing capital efficiency and risk mitigation for large-scale deployments.

Proprietary strategy vaults: Gamma's liquidity pools are often closed systems, limiting direct integration with external DeFi logic. This matters for protocols needing custom, on-chain rebalancing triggers (e.g., based on oracle price, governance vote) or tight coupling with other smart contracts like lending markets or perps.

Modular, on-chain automation: Steer provides a network of keeper nodes that execute arbitrary logic (via Solidity scripts) for rebalancing, limit orders, and yield strategies. This matters for protocols building novel, logic-intensive AMMs (like concentrated liquidity managers) or needing to react to real-time on-chain events beyond simple time intervals.

Smaller liquidity footprint: As a newer protocol, Steer's TVL is significantly lower than Gamma's, which can impact pool depth and slippage for large trades. This matters for established DeFi applications that require immediate, deep liquidity and cannot bootstrap their own.

• Set-and-forget liquidity provisioning on major DEXes like Uniswap V3.
• Maximizing yield from established, audited strategy vaults.
• Enterprise deployments where proven security and scale are non-negotiable.

• Building a custom AMM or dynamic strategy (e.g., an options vault, reactive liquidity).
• Protocols that are their own liquidity destination and need embedded management.
• Research-heavy teams willing to trade some ecosystem maturity for maximal composability and control.