Ask about Gage · freeTotal Value Locked$23,840
TVL by Chain
Robinhood Chain$23,840
Key Metrics
Fees 30d$2,449
Fees 30d by chain
Robinhood Chain$2,449
Fees 7d$301.57
Robinhood Chain$301.57
Fees 24h$164
Robinhood Chain$164
Cumulative Fees$5,485
Robinhood Chain$5,485
Revenue 30d$1,585
Revenue 30d by chain
Robinhood Chain$1,585
Revenue 7d$222.06
Robinhood Chain$222.06
Revenue 24h$164
Robinhood Chain$164
Cumulative Revenue$3,186
Robinhood Chain$3,186
Holders Revenue 30d$1,552
Holders Revenue 30d by chain
Robinhood Chain$1,552
Holders Revenue 7d$222.06
Robinhood Chain$222.06
Holders Revenue 24h$164
Robinhood Chain$164
Cumulative Holders Revenue$3,149
Robinhood Chain$3,149
Active Loans$10,424
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, partner lending at docs.gage.cash/protocol/bounty-targets): the legacy deal vaults (ERC-20 collateral, including collateral awaiting withdrawal, and USDG escrowed for open bids) and the V2 engines, Intent cores included (collateral held by each loan account, whatever the loan state, and lender funds committed to loans that have not activated). Earn strategies and Intent partner vaults (every vault each Intent factory has created) add their idle cash, repayments they have received but not yet booked, their reserve position and what side pockets hold for depositors who have not claimed yet. Intent lend-asset generations lend a stock token instead of USDG: their amounts are counted in that token. USDG credited for withdrawal (loan proceeds, repayments, withdrawn bids, protocol fees) and fees owed to vault managers or the protocol are excluded.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. Intent lend-asset generations lend a stock token, and their amounts are in that token.View code on GitHubRevenue: Deal, origination, trade and cash-out fees, the Earn performance fee on lender returns, and on Intent V1 the execution fee each fill takes from the partner vaults' return and the protocol's 10% of a partner vault's performance fee.View code on GitHubHolders Revenue: Deal, origination, trade and cash-out fees, the Intent execution fee and the protocol's share of partner vault performance 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
Gage history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Sep 10, 2026 to Oct 27, 2026.
All-time high TVL: $61,906 on Sep 25, 2026. All-time low TVL: $5,236 on Oct 20, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $34,003 |
| Sep 29, 2026 | $33,310 |
| Sep 30, 2026 | $33,736 |
| Oct 1, 2026 | $35,381 |
| Oct 2, 2026 | $34,455 |
| Oct 3, 2026 | $41,481 |
| Oct 4, 2026 | $43,783 |
| Oct 5, 2026 | $28,586 |
| Oct 6, 2026 | $27,351 |
| Oct 7, 2026 | $28,442 |
| Oct 8, 2026 | $33,053 |
| Oct 9, 2026 | $30,636 |
| Oct 10, 2026 | $30,440 |
| Oct 11, 2026 | $28,679 |
| Oct 12, 2026 | $31,314 |
| Oct 13, 2026 | $26,903 |
| Oct 14, 2026 | $27,268 |
| Oct 15, 2026 | $10,731 |
| Oct 16, 2026 | $7,208 |
| Oct 17, 2026 | $6,097 |
| Oct 18, 2026 | $5,642 |
| Oct 19, 2026 | $5,360 |
| Oct 20, 2026 | $5,236 |
| Oct 21, 2026 | $27,441 |
| Oct 22, 2026 | $24,344 |
| Oct 23, 2026 | $24,662 |
| Oct 24, 2026 | $25,373 |
| Oct 25, 2026 | $23,798 |
| Oct 26, 2026 | $23,563 |
| Oct 27, 2026 | $23,940 |
TVL at each month end, Sep 2026 to Oct 2026
| Date | TVL |
|---|---|
| Sep 30, 2026 | $33,736 |
| Oct 27, 2026 (latest) | $23,940 |
Fees, revenue and holders revenue by UTC calendar month, Sep 2026 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Sep 2026 | $3,817 | $1,820 | $1,798 |
| Oct 2026 (to date) | $1,832 | $1,530 | $1,515 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/gage
Frequently asked questions
What is Gage's TVL?
As of Oct 27, 2026, Gage has $23,840 in total value locked. TVL has decreased 52.7% over the past 30 days.
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 $2,449 in fees. Of that, $1,585 was protocol revenue. Based on the trailing year, the annualized rate is $40,038 in fees and $23,255 in revenue.
How does Gage's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Gage ranks #280 by TVL. The category holds $52.304b across 518 protocols, and Gage accounts for <0.1% of that total. Similar protocols include Morpho Blue, Native Credit Pool, LayerBank, Longbow, Kaskad, TermMax, Ripe Protocol, Flock Credit, Borro, and Zona.
How much has been borrowed through Gage?
As of Oct 27, 2026, Gage has $10,424 in active loans.