Searching for Alpha: Steer Finance

Steer Finance is a decentralized computing protocol that is built for data processing and aims to tackle the hurdles of infrastructure and data in building and deploying Web3 backends. Currently, most decentralized applications (dapps) are required to either build and deploy their own Web3 backends or rely on software-as-a-service platforms, such as Infura or Moralis, which may result in censorship risks or lack certain customizability that developers may need to build their dapp.

With Steer, the main idea is to build an open ecosystem where anyone can build secure Web3 automation. This is achieved by connecting developers to secured data sources, both off-chain and across multiple blockchains via a marketplace, and, as a result, grants them the ability to conditionally execute code on-chain. Effectively, Steer makes it possible for developers to easily leverage curated data for on-chain automation while keeping computation off-chain.