STEEM EVM Update: Sherpa Protocol Live & Full DeFi Suite Integrated in SVM App

Today marks a monumental day for the Steem Virtual Machine (SVM). I have successfully deployed the Sherpa Protocol contracts to the Public Testnet and integrated most of its interactions directly into the SVM App.

This deployment transforms the SVM from a simple testing environment into a comprehensive decentralized finance (DeFi) ecosystem. Users can now access swaps, stablecoin vaults, lending, and yield farming all from a single dashboard.

Note: I will soon publish a full, detailed introduction and usage guide for the Sherpa Protocol. This post serves as a high-level overview of what is now live.

Previous Updates

• 50k+ Blocks & Network Stability
• 7 Validators & Username Registration
• Public Testnet Live with 4 Validators

---

What is Sherpa Protocol?

Sherpa Protocol is the decentralized financial layer of the Steem Virtual Machine. It is a unified ecosystem that combines trading, borrowing, liquidity provision, and governance into a self-sustaining platform.

Core Components Now Live:

1. SherpaSwap (DEX): A next-generation exchange using concentrated liquidity (Uniswap V3 architecture) for capital-efficient trading.
2. sUSD Stablecoin: An overcollateralized, decentralized stablecoin backed by STEEM, SBD, and SHERPA. It features permissionless redemption and automatic liquidations to maintain stability.
3. Lending & Borrowing: Open collateralized Vaults to mint sUSD against your assets without selling them.
4. Yield Farming: Stake your LP positions to earn SHERPA rewards. The protocol also supports Permissionless LP Farming, where users can burn SHERPA to create their own farming campaigns.
5. SHERPA Staking: Stake SHERPA to gain governance power and boost your farming rewards by up to 2x.
6. Protocol-Owned Liquidity (POL): The Treasury owns liquidity positions, generating sustainable revenue and reducing slippage for all users.

---

SVM App: Your All-in-One DeFi Hub

The SVM App (https://svmapp.blazeapps.org) has been significantly upgraded to support these new protocols. You can now:

• Swap Tokens: Trade wSTEEM, SBD, sUSD, and SHERPA instantly.
• Manage Vaults: Deposit collateral and mint sUSD or repay loans.
• Stake & Farm: Provide liquidity, stake your LP NFTs, and claim SHERPA rewards.
• Track Portfolio: View your balances, debt positions, and farming yields in one place.

---

Official Contract Addresses

For developers and advanced users, here are the key contract addresses on Chain ID 8163:

Token/Contract	Address
SHERPA	0xAE0B8aD1a2626cdFF5CAfbC8a46dDc2d0601b428
sUSD	0x74127FA9973fa24BD8388427F8A8d2D958e8E516
WSTEEM	0xe0475187a1d9E5F8fDda9f261f3D16e07B60Adc5
SBD	0x22921bc80b2C229abb83c2B9775C01Ab8d45D185
VaultManager	0x52872C01Cc67919803F96df30Ea515F99adA4098
StakingVault	0xF94c1145bB22046c5a4dcd41F5894848C9A50207

Full list of contracts available in the GitHub Repository.

---

Network Status & Validators

The network remains healthy with over 52,000 blocks produced. Our validator set continues to secure the chain with 100% uptime:

• @blaze.apps
• @upex
• @cur8
• @blazed007
• @steem-agora.evm
• @xpilar.witness
• @yasu

---

How to Get Started

1. Connect Wallet: Add SVM to MetaMask (RPC: https://evm.blazeapps.org, Chain ID: 8163).
2. Get Tokens: Join Discord for test tokens.
3. Register Name: Send 0.001 STEEM to @blaze.apps with memo svm-register <your_EVM_address>.
4. Explore DeFi: Visit https://svmapp.blazeapps.org to start swapping, minting sUSD, or farming.

---

Community Engagement

This is a massive step forward for Steem DeFi. I encourage everyone to test the limits of the protocol:

1. Mint sUSD: Try opening a vault and maintaining your collateral ratio.
2. Provide Liquidity: Create a concentrated liquidity position on SherpaSwap.
3. Feedback: Report any UI issues or bugs in the Discord channel.

If you value proactive engineering, UX polish, and performance optimizations for the STEEM ecosystem, please consider supporting my witness: blaze.apps

Vote for blaze.apps Witness