Kodiak is the flagship decentralized exchange of Berachain, serving as the native liquidity hub for the entire ecosystem. Purpose-built to support dynamically rebalanced liquidity and concentrated trading ranges, Kodiak is optimized for capital efficiency, deep markets, and composability within Berachain’s DeFi stack.

To support this foundation, Steer Protocol delivers automated liquidity management (ALM) vaults, enabling passive LPs to deploy capital across Kodiak with real-time rebalancing, fee harvesting, and risk-adjusted liquidity curves. This integration ensures sustainable yield for LPs and reliable, deep execution for traders — forming the liquidity backbone of Berachain’s permissionless financial layer.