Ask about STEELTotal Value Locked$327.24
TVL by Chain
Robinhood Chain$327.24
Key Metrics
Fees (Annualized)$5.7m
Fees 30d$171,765
Robinhood Chain$171,765
Fees 7d$29,434
Robinhood Chain$29,434
Fees 24h$1,248
Robinhood Chain$1,248
Cumulative Fees$171,765
Robinhood Chain$171,765
Revenue (Annualized)$4.56m
Revenue 30d$137,421
Robinhood Chain$137,421
Revenue 7d$23,551
Robinhood Chain$23,551
Revenue 24h$998
Robinhood Chain$998
Cumulative Revenue$137,421
Robinhood Chain$137,421
Holders Revenue (Annualized)$3.42m
Holders Revenue 30d$103,066
Robinhood Chain$103,066
Holders Revenue 7d$17,661
Robinhood Chain$17,661
Holders Revenue 24h$751
Robinhood Chain$751
Cumulative Holders Revenue$103,066
Robinhood Chain$103,066
Staked$561.44
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 $327.24 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 $171,765 in fees. Of that, $137,421 was protocol revenue. Based on the trailing year, the annualized rate is $5.7m in fees and $4.56m in revenue.
How does STEEL's TVL compare to similar protocols?
Among Gamified Mining protocols tracked by DefiLlama, STEEL ranks #8 by TVL. The category holds $5.73m across 33 protocols, and STEEL accounts for <0.1% of that total. Other leading protocols include Fake World Assets, SLVR, and Offshore Protocol.
