Ask about STEELTotal Value Locked$422.92
TVL by Chain
Robinhood Chain$422.92
Key Metrics
Fees (Annualized)$7.59m
Fees 30d$166,366
Robinhood Chain$166,366
Fees 7d$143,083
Robinhood Chain$143,083
Fees 24h$2,620
Robinhood Chain$2,620
Cumulative Fees$166,366
Robinhood Chain$166,366
Revenue (Annualized)$6.07m
Revenue 30d$133,100
Robinhood Chain$133,100
Revenue 7d$114,472
Robinhood Chain$114,472
Revenue 24h$2,099
Robinhood Chain$2,099
Cumulative Revenue$133,100
Robinhood Chain$133,100
Holders Revenue (Annualized)$4.55m
Holders Revenue 30d$99,826
Robinhood Chain$99,826
Holders Revenue 7d$85,858
Robinhood Chain$85,858
Holders Revenue 24h$1,574
Robinhood Chain$1,574
Cumulative Holders Revenue$99,826
Robinhood Chain$99,826
Staked$1,550.23
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.
Category:Gamified Mining
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 $422.92 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 $166,366 in fees. Of that, $133,100 was protocol revenue. Based on the trailing year, the annualized rate is $7.59m in fees and $6.07m in revenue.
How does STEEL's TVL compare to similar protocols?
Among Gamified Mining protocols tracked by DefiLlama, STEEL ranks #6 by TVL. The category holds $3.05m across 30 protocols, and STEEL accounts for <0.1% of that total. Other leading protocols include Fake World Assets, SLVR, and Offshore Protocol.
