The First Step
Today we are delighted to be launching Step.finance to the world. Born out of the recent Solana Hackathon Step aims to be the front page of Solana- the central location to track, visualise, aggregate and execute transactions across multiple smart contracts in the Solana ecosystem. Today we are launching our basic Alpha to market (https://step.finance/) which is currently tracking most coins and LPs in the Serum ecosystem as well as utilising the Serum AMM for swaps.
Over the coming weeks and months we will be building out our launch product with a custom UX and support for more granular portfolio information. Part of our vision as DeFi power users for Step is best in class portfolio metrics, automated investment vaults, aggregation across multiple swap pools and easier access into and out of many yield farms. Step will be the central location to manage your portfolio on Solana.
The biggest problem to date has been most Solana projects are silo’d from one another. There is no way to know your token and LP balances, current position sizes etc without actually visiting each website individually and logging in and understanding what is actually happening with your portfolio, unfortunately performance is usually still left to excel spreadsheet or just guessing. Step is here to solve that.
Step will be a critical part of the Solana ecosystem and as such a critical focus of the team is ensuring there are multiple value accrual mechanics for the Step platform. The team intends on outlining the roadmap to launch for the $STEP token soon which will be the value capture mechanism for the Step.finance platform. This value capture will align incentives towards the team and our users ensuring generous rewards for LPs and users executing transactions on Step. Please stay tuned for updates on that soon!
We would invite everyone to try out our Alpha (https://test.step.finance/) and be sure to leave feedback on what you would like to see in the portfolio visualisation space. Step is built by DeFi degens for DeFi degens and we are eager to show you what we have in store soon!