Ask about Gage · freeTotal Value Locked$29,516
TVL by Chain
Robinhood Chain$29,516
Key Metrics
Fees 30d$3,433
Fees 30d by chain
Robinhood Chain$3,433
Fees 7d$802.94
Robinhood Chain$802.94
Fees 24h$60.43
Robinhood Chain$60.43
Cumulative Fees$4,735
Robinhood Chain$4,735
Revenue 30d$1,615
Revenue 30d by chain
Robinhood Chain$1,615
Revenue 7d$614.12
Robinhood Chain$614.12
Revenue 24h$56.65
Robinhood Chain$56.65
Cumulative Revenue$2,544
Robinhood Chain$2,544
Holders Revenue 30d$1,582
Holders Revenue 30d by chain
Robinhood Chain$1,582
Holders Revenue 7d$603.42
Robinhood Chain$603.42
Holders Revenue 24h$56.56
Robinhood Chain$56.56
Cumulative Holders Revenue$2,511
Robinhood Chain$2,511
Active Loans$18,597
Protocol Information
Gage is a fixed-term peer-to-peer lending protocol on Robinhood Chain. Borrowers lock tokenized stocks, crypto assets or liquidity positions for USDG, then repay a fixed amount to reclaim collateral or allow the lender to claim it after expiry and grace. Loans have no price-triggered liquidation.
Methodology
TVL: Counts user collateral in custody across every Gage lending contract (listed at docs.gage.cash/protocol/addresses): the legacy deal vaults (ERC-20 collateral, including collateral awaiting withdrawal, and USDG escrowed for open bids) and the V2 engines (collateral held by each loan account, whatever the loan state, and USDG committed to loans that have not activated). Earn strategies add their idle USDG, repayments they have received but not yet booked, their position in the external ERC-4626 reserve and collateral recovered from defaults that depositors have not claimed yet. USDG credited for withdrawal (loan proceeds, repayments, withdrawn bids, protocol fees) is excluded. Vault-owned Uniswap V3/V4 NFTs are unwrapped into underlying principal without uncollected fees. Gross active loan principal is reported separately under borrowed until repayment, claim or a finalised default. Excludes GAGE, sGAGE, the internal receipt tokens, reward reserves, the treasury and the protocol-owned GAGE/sGAGE pool. Token balances are priced by DefiLlama.View code on GitHubFees: Everything borrowers and traders pay on gage: the deal or origination fee taken when a loan funds, trade fees on sold reclaim rights and lender units, the cash-out platform fee, and the borrower's fixed cost paid to lenders at repayment (repayment cap minus principal). Fixed-cost loans have no interest accrual: the cost is booked when the loan is repaid.View code on GitHubRevenue: Deal, origination, trade and cash-out fees, plus the Earn performance fee on lender returns.View code on GitHubHolders Revenue: Deal, origination, trade and cash-out fees: since D57 every one of them buys GAGE for the permanent GAGE-only floor bands of the GAGE/sGAGE pool.View code on GitHubCompetitors
Frequently Asked Questions
What is Gage's TVL?
Gage currently has $29,516 in total value locked.
What chains does Gage operate on?
Gage operates on Robinhood Chain. Robinhood Chain holds the largest share at 100%.
How much has Gage generated in fees and revenue?
Over the past 30 days, Gage generated $3,433 in fees. Of that, $1,615 was protocol revenue. Based on the trailing year, the annualized rate is $55,044 in fees and $29,282 in revenue.
How does Gage's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Gage ranks #275 by TVL. The category holds $52.745b across 519 protocols, and Gage accounts for <0.1% of that total. Other leading protocols include Morpho Blue, TermMax, Native Credit Pool, Longbow, LayerBank, Kaskad, Ripe Protocol, Flock Credit, Zona, and Spine Finance.
How much has been borrowed through Gage?
Gage currently has $18,597 in active loans.