Protocol Information
Chopcorp is a gamified mining protocol on Solana where users compete to mine LOG tokens. The protocol features three core mechanisms: competitive Mining rounds where miners race to find solutions, King of the Hill (KOTH) seat auctions using a Dutch auction mechanism, and Prediction Markets for speculating on round outcomes. Fees are distributed to winners (85-88%), protocol buyback (10%), stakers via Lumberlode rewards (1%), and development (1-2%).
Category:Gamified Mining
Methodology
TVL: SOL deposits in KOTH vault (seat seize payouts), automation accounts (auto-chopping deposits), and active prediction markets (user bets).
Fees: Total fees from Mining and KOTH. MINING: 12% total (1% admin + 1% lumberlode + 10% buyback). KOTH: 15% total (2% admin + 1% lumberlode + 10% buyback + 2% watchdog) and all the fees going to supplyside
Revenue: Combined protocol revenue from Mining and KOTH. All non-supply-side fees collected by treasury and fee_collector.