Spiral Stake Dashboard — Protocol Stats, Fee Distribution & Burns

Spiral by numbers

Net TVL (Deposits + borrowed) · Live: $211,529
Borrowed · Live: $188,749

Total notional value: $436,460; all time looped
Avg deposit size: $676.97; open positions
Weighted avg APY: 20.12%; open positions
Total positions: 78; 37 open
Protocol revenue: $325.44; protocol fees held in treasury

Fees captured

Revenue claimed by the creator wallet

Updated: Oct 30, 2026, 10:43 UTC
Block: 101,666,190

Total fees captured · all time

$46,941

16.291 ETH claimed across 2 claims

Creator wallet: 0x31A0…Bf23
Claimed from: 0xd3AF…ac9e

Claims: 2
Last claim: Sep 14, 2026
Realized in USDG: $46,482
Not yet converted: $458.84

USDG is counted at $1. ETH not yet converted is valued at today's price, before swap slippage. Read live from Robinhood Chain.

Distribution

Where the fees go

Every week, the fees are converted to USDG and shared across three wallets. Here's exactly where it all went.

The weekly cycle

Runs every week, in this order

1
Claim
ETH fees claimed from Pons
2
Swap
ETH swapped to USDG, subject to market slippage
3
Distribute
USDG split 20 / 40 / 40 to the three wallets
4
Reserve on Spiral
Reserve USDG deployed into Spiral Stake strategies
4
Yield boosts
Incentives USDG funds Merkl campaigns for depositors

Creator wallet100% of fees

$46,482

16.291 ETH claimed · distributed to the three wallets

Wallet0x31A0…Bf23

Team20% of fees

$2,813

current balance

Protocol development & marketing

Received all time$9,273

Wallet0x3aAb…0C92

Reserve40% of fees

$362.77

current balance

Backs the token; its yield funds buybacks & burns

Received all time$18,577

Wallet0xc66B…7B02

Incentives40% of fees

$16,212

current balance

Bootstraps equity strategies & new primitives

Received all time$18,632

Wallet0x0AA2…eF9F

Usage

Reserve on Spiral. Earning in-house.

Live

Deployed into Spiral Stake's own strategies. The yield funds $SPRL buybacks and burns.

Deployed

Deployed$16,637

Blended APY—incl. Merkl boost

Projected yield · 1 year—

syrupUSDG / USDGMaple38.46% APYincl. 26.32% Merkl boost
Amount$9,558
Total supplied$100,612
Borrowed$91,054
Leverage10.5x
Projected yield · 1 year+$3,676
syrupUSDG / USDGMaple38.46% APYincl. 26.32% Merkl boost
Amount$1,479
Total supplied$15,571
Borrowed$14,092
Leverage10.5x
Projected yield · 1 year+$569
syrupUSDG / USDGMaple38.46% APYincl. 26.32% Merkl boost
Amount$3,606
Total supplied$37,953
Borrowed$34,348
Leverage10.5x
Projected yield · 1 year+$1,387
SPY + YieldYield via syrupUSDG (Maple)
Amount$1,994
Total supplied$0
Borrowed$2,465
Leverage1.0x
Projected yield · 1 year—

Target mixWhere the reserve is heading

Reservetarget mix

60% syrupUSDG
Maple · institutional lending loop on Robinhood Chain
40% SPY + yield
SPY exposure plus stablecoin yield

Routed to the reserve so far$18,577

$16,637 of it is deployed. Yields use today's rates and move with them; the Merkl boost counts only while a campaign runs.

Incentives

Yield boosts for depositors.

Merkl

Returned to depositors as extra yield, paid in USDG and streamed through Merkl. Every syrupUSDG loop earns it, and so does every equity strategy, because its yield leg is one.

Boost on deposits0.00%APR · 2.50% on collateral

Rewards per day$0.00paid in USDG

Campaign budget$500USDG

EndedSep 30, 2026

syrupUSDG strategyMaple loop on Robinhood ChainRewarded directly
SPY + Yield strategySPY exposure plus stablecoin yieldVia its syrupUSDG leg
NVDA + Yield strategyNVDA exposure plus stablecoin yieldVia its syrupUSDG leg
TSLA + Yield strategyTSLA exposure plus stablecoin yieldVia its syrupUSDG leg

Routed to incentives so far$18,632

No campaign is running right now; the next one appears here when it starts.View on Merkl

Team20% of fees

$2,813

current balance

Protocol development & marketing

Received all time$9,273

Wallet0x3aAb…0C92

Reserve40% of fees

$362.77

current balance

Backs the token; its yield funds buybacks & burns

Received all time$18,577

Wallet0xc66B…7B02

Incentives40% of fees

$16,212

current balance

Bootstraps equity strategies & new primitives

Received all time$18,632

Wallet0x0AA2…eF9F

Usage

Reserve on Spiral. Earning in-house.

Live

Deployed into Spiral Stake's own strategies. The yield funds $SPRL buybacks and burns.

Deployed

Deployed$16,637

Blended APY—incl. Merkl boost

Projected yield · 1 year—

syrupUSDG / USDGMaple38.46% APYincl. 26.32% Merkl boost
Amount$9,558
Total supplied$100,612
Borrowed$91,054
Leverage10.5x
Projected yield · 1 year+$3,676
syrupUSDG / USDGMaple38.46% APYincl. 26.32% Merkl boost
Amount$1,479
Total supplied$15,571
Borrowed$14,092
Leverage10.5x
Projected yield · 1 year+$569
syrupUSDG / USDGMaple38.46% APYincl. 26.32% Merkl boost
Amount$3,606
Total supplied$37,953
Borrowed$34,348
Leverage10.5x
Projected yield · 1 year+$1,387
SPY + YieldYield via syrupUSDG (Maple)
Amount$1,994
Total supplied$0
Borrowed$2,465
Leverage1.0x
Projected yield · 1 year—

Target mixWhere the reserve is heading

Reservetarget mix

60% syrupUSDG
Maple · institutional lending loop on Robinhood Chain
40% SPY + yield
SPY exposure plus stablecoin yield

Routed to the reserve so far$18,577

$16,637 of it is deployed. Yields use today's rates and move with them; the Merkl boost counts only while a campaign runs.

Incentives

Yield boosts for depositors.

Merkl

Returned to depositors as extra yield, paid in USDG and streamed through Merkl. Every syrupUSDG loop earns it, and so does every equity strategy, because its yield leg is one.

Boost on deposits0.00%APR · 2.50% on collateral

Rewards per day$0.00paid in USDG

Campaign budget$500USDG

EndedSep 30, 2026

syrupUSDG strategyMaple loop on Robinhood ChainRewarded directly
SPY + Yield strategySPY exposure plus stablecoin yieldVia its syrupUSDG leg
NVDA + Yield strategyNVDA exposure plus stablecoin yieldVia its syrupUSDG leg
TSLA + Yield strategyTSLA exposure plus stablecoin yieldVia its syrupUSDG leg

Routed to incentives so far$18,632

No campaign is running right now; the next one appears here when it starts.View on Merkl

Burns

Deflationary by design.

$SPRL is only ever burned, never minted again. Tokens are burned from the burn wallet on a periodic schedule, and reserve yield buys back and burns more.

Removed from supply · permanently

141,000,000

$SPRL burned · 14.1% of the 1,000,000,000 minted