Total Value Locked$255.14
TVL by Chain
Robinhood Chain$255.14
Key Metrics
Fees (Annualized)$1.91m
Fees 30d$71,022.68
Robinhood Chain$71,022.68
Fees 7d$0
Robinhood Chain$0
Fees 24h$0
Robinhood Chain$0
Cumulative Fees$172,894.68
Robinhood Chain$172,894.68
Revenue (Annualized)$1.53m
Revenue 30d$56,822.14
Robinhood Chain$56,822.14
Revenue 7d$0
Robinhood Chain$0
Revenue 24h$0
Robinhood Chain$0
Cumulative Revenue$138,322.14
Robinhood Chain$138,322.14
Holders Revenue (Annualized)$1.15m
Holders Revenue 30d$42,619.6
Robinhood Chain$42,619.6
Holders Revenue 7d$0
Robinhood Chain$0
Holders Revenue 24h$0
Robinhood Chain$0
Cumulative Holders Revenue$103,743.6
Robinhood Chain$103,743.6
Staked$0
Protocol Information
STEEL is an on-chain grid-mining lottery + veSTEEL staking protocol on Robinhood Chain. Each round, players deploy ETH onto a 5x5 grid; a provably-fair drand beacon picks the winning square, whose backers split the round's ETH pot and mine a fixed STEEL emission. A 1-in-625 roll triggers a motherlode (STEEL + ETH). STEEL can be locked into veSTEEL to earn a pro-rata share of protocol ETH revenue.
Methodology
TVL: tvl = native ETH held by the mine (auto-deploy escrow, pending winnings, motherlode). staking = STEEL locked in the veSTEEL staking contractView code on GitHubFees: The 10% rake taken from every round's pot: 6% to veSTEEL stakers, 2% to the keeper, and 2% to the motherlode.View code on GitHubRevenue: Gross profit: 6% distributed to veSTEEL stakers plus the 2% keeper cut.View code on GitHubHolders Revenue: All staker rewards — the ETH distributed to veSTEEL stakers (RewardNotified events on VeSteelV2).View code on GitHubCompetitors
Frequently Asked Questions
What is STEEL?
STEEL is an on-chain grid-mining lottery + veSTEEL staking protocol on Robinhood Chain. Each round, players deploy ETH onto a 5x5 grid; a provably-fair drand beacon picks the winning square, whose backers split the round's ETH pot and mine a fixed STEEL emission. A 1-in-625 roll triggers a motherlode (STEEL + ETH). STEEL can be locked into veSTEEL to earn a pro-rata share of protocol ETH revenue.
What is STEEL's TVL?
STEEL currently has $255.14 in total value locked.
What chains does STEEL operate on?
STEEL operates on Robinhood Chain. Robinhood Chain holds the largest share at 100%.
How much has STEEL generated in fees and revenue?
Over the past 30 days, STEEL generated $71,022.68 in fees. Of that, $56,822.14 was protocol revenue. Based on the trailing year, the annualized rate is $1.91m in fees and $1.53m in revenue.
How does STEEL's TVL compare to similar protocols?
Among Gamified Mining protocols tracked by DefiLlama, STEEL ranks #11 by TVL. The category holds $3.86m across 39 protocols, and STEEL accounts for <0.1% of that total. Other leading protocols include StockRip, SLVR, Orchard, LUNA, MinePea, BowStop, ROAR, Fake World Assets, ZINC, and Dumpfun Gamified Launcher.
