It is possible to create a wrapped form of Steem on either Ethereum based application like Uniswap or Tron based application like JustSwap. Once this pathway to wrapped token status is created we can then create a trading pair on Uniswap between this new Steem ERC token and Ethereum. Once this trading pair is created by the deposition of 1 Ethereum and 1 Ethereum’s worth of wrapped Steem we have created a pool. Then other investors can follow us a send Steem there to be wrapped or transformed into an Steem ERC token, then these investors can provide liquidity to this new pool by depositing their Steem ERC token and equivalent ETH into the pool. This is an expensive proposition on Ethereum, and current documentation suggests that to have enough transactions to make yield farming profitable you need about 50,000$ in ETH and $50,000 in Steem ERC tokens in the pool to attract investors.
I think creating a liquidity pool on Tron blockchain via JustSwap is a better idea, because energy fees on JustSwap are much cheaper the gas fees on Uniswap. Additionally we probably could deposit much smaller USD equivalents to get the pool started and the amount of cash required by investors to enter the pool would be smaller. Right now a similar process is happening or has happened on Hive, but it requires knowledge I am trying to acquire or skills I may pay for, I am still learning.