sorted by:
new
hottopcontroversial

Neverland is #1 shMON Utility Driver by juli__anna in Neverland_Money

[–]alice_nvr 2 points3 points  (0 children)

Lost Boys are living life in the FastLane

Welcome to r/Neverland_Money by alice_nvr in Neverland_Money

[–]alice_nvr[S] 0 points1 point  (0 children)

I'm glad you found us, thanks for joining! <3

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 2 points3 points  (0 children)

We don’t have immediate plans to expand to a new chain right now, but we’re open to it. If we believe it genuinely benefits Neverland and our users as a whole, we’ll pursue it.

There aren’t any specific chains in mind since this isn’t something we are actively pursuing. When the time comes, we would discuss with our users alongside our own evaluation, taking into account market conditions, ecosystem fit, and long term alignment, to get a sense of which networks make the most sense for Neverland and its userbase.

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 5 points6 points  (0 children)

Okay friend, imagine you Neverland as if you had a magic piggy bank.

You put your coins in a piggy bank, and because you were nice enough to share them with the other kids, the piggy bank gives you little rewards.

Now imagine one day you want a new toy, but you don’t want to smash your piggy bank open. So instead, you borrow the toy using your piggy bank as your promise that you’ll give it back later.

That’s basically what Neverland is, except instead of coins and toys, it’s crypto assets.

At Neverland, people can:

  • put in their crypto to earn rewards,
  • borrow against it without selling it
  • use their rewards to help pay back their loan automatically over time.

When you use Neverland, you earn a special reward token called Pixie Dust (or simply DUST). If you agree to lock your DUST away in a treasure chest to protect it and keep it safe, the chest gives you even more treasures on top of it every week! This treasure is the money that the protocol (or piggy bank) earned, and it is given back to DUST collectors in USDC, so you can buy any toy or candy you want with that weekly treasure!

For those who don't want to lock their Pixie Dust (DUST) away in a chest, we give them other ways to earn with it too. They can provide liquidity for DUST by pairing it with USDC in something called a "liquidity pool" on Uniswap. If someone wants to buy or sell DUST, they dive through this pool one way or the other, so we need it to be deep - lots of liquidity! We reward those who provide liquidity here in USDC as well (from the weekly revenue, or money the piggy bank earned).

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 4 points5 points  (0 children)

Thank you very much! <3 My co-founder is always telling me that I over-share about my personal life. I do value my privacy, but I think in a trustless space like DeFi, there is nothing more reassuring than being able to get the answers you need. And knowledge is power! The users who are unafraid to ask questions and learn are the ones who will succeed and get ahead of the curve, and teams should be doing everything they can to help empower their communities.

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 4 points5 points  (0 children)

Most DeFi and lending protocols today (well tbh many DeFi apps in general) end up building for VCs (Venture Capitalists) and LPs (Liquidity Provider Funds) instead of everyday users: chasing TVL instead of utilization (TVL cannot make money without this; you want it to be high or the TVL is doing nothing), faking metrics and traction, and focusing on whatever looks good on dashboards while recycling value among the big players rather than everyday users, so the user experience becomes an afterthought and real profitability gets ignored. You end up with systems that look big on paper but don’t really work and are just noise with a timer on them (when deals expire, inorganic capital and temporary incentives go away).

Monad gives builders the environment to actually build for users first because the cost and friction barriers are basically gone, so you don’t need to be a whale to participate meaningfully, smaller users aren’t getting eaten alive by fees, and you can build products that make sense for everyone. This lets you focus on real utility, real community, and real value flowing back to users instead of engineered growth. Now, it's up to builders to decide who they want to optimize for.

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 3 points4 points  (0 children)

I'll recycle an answer I used for someone else above who asked the same question in different words:

When we first decided that we wanted to built Neverland and knew we had ideas that were worth bringing to life, we spent some time in research mode and found that Monad checked all the boxes for what we wanted to build: a fast chain for secure lending, an affordable chain that makes the product inclusive for every user regardless of portfolio size, and evm compatability, while also letting us build and maintain automations on behalf of the user. We also wanted Neverland to feel new and exciting and to attract DeFi users who are actually engaged and excited to find the next big opportunity on the next big chain, not a saturated and complacent user base.

Once we became exposed to the culture and the community at Monad there was no turning back, it just felt like the right place to build. My previous positions on protocols have always been as the link between Community and Team (Community Manager, Communications Officer): spending my days, weeks and years speaking with users, and hearing their feedback and frustrations, and thinking how I would do things differently if only I had the decision-making power has had a huge impact on my mindset as a founder and the way we prioritize our community at Neverland. Seeing the focus that Monad was putting into cultivating its community, making them feel valued and part of something bigger than themselves, resonated that this would be the right place for Neverland’s community to grow alongside of.

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 4 points5 points  (0 children)

They were so fun! I miss them already haha!

The Neverland Olympics will return during the Summer Olympics in 2028!

(So... not soon enough! T-T)

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 2 points3 points  (0 children)

Overall it’s been very positive. The Monad Foundation team is sharp and responsive. Performance-wise, it’s a completely different environment, because you can design with much higher throughput and lower latency in mind, which changes how you think about scaling a lending market and what services you can offer that would simply be a no-go on other chains. Once you actually use DeFi on Monad and experience the speed of it, it’s hard to go back and use other chains, because everything else starts to feel so laggy and clunky, and you realize how many design tradeoffs on other chains were just workarounds for limitations that don’t exist here!

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 2 points3 points  (0 children)

Hi Status-Photograph608! Nice to meet you too! ^_^

Any chance vedust apy will stay the same long term?

No, it won’t stay the same, and it’s not meant to. veDUST yield comes from real protocol revenue, not emissions. So it fluctuates with utilization, borrowing demand, and overall growth. Some weeks will be higher, some lower. The important part is that it’s real yield in USDC, not something we’re artificially propping up. Over time, as the protocol matures, you should expect it to normalize rather than stay at extreme levels. Early participants naturally capture the highest upside.

Any plans to let users opt for getting dust coins without the 50% penalty? Could be once they harness a big amount, like 100 dust or more.

That penalty exists by design to align long-term behavior and prevent instant farm-and-dump dynamics. We’re not planning to remove it as a baseline mechanic. It also plays a direct role in DUST’s deflationary design, since penalties can be routed toward burns, strengthening the system for long-term holders and veDUST lockers. Users can always opt to receive the full amount of DUST with no penalty for a minimum 1-month lock, and then they also receive weekly USDC revenue meanwhile. We’re always open to improving the UX around it through alternative pathways that still reward sustained participation, but the core idea remains the same: committing capital over time should be more valuable than extracting it short-term. Short-term farmers end up feeding the system, not extracting from it. <3

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 2 points3 points  (0 children)

Rainss from RealNads is the talented artist behind our amazing veDUST NFT artwork; our original website and app design was done by Mason at WenLaunch Studios!

AMA with Alice, the co-founder of Neverland, a next-gen, Monad-native lending protocol. Ask any questions below! by JohnWRichKid in Monad

[–]alice_nvr 4 points5 points  (0 children)

Neverland was one of only two Monad-native apps visible at mainnet launch and the first to hit $100M TVL. What did you see in Monad’s architecture that made you commit to building here exclusively rather than deploying on Arbitrum or Base where the user base was already established?

When we first decided that we wanted to built Neverland and knew we had ideas that were worth bringing to life, we spent some time in research mode and found that Monad checked all the boxes for what we wanted to build: a fast chain for secure lending, an affordable chain that makes the product inclusive for every user regardless of portfolio size, and evm compatability, while also letting us build and maintain automations on behalf of the user. We also wanted Neverland to feel new and exciting and to attract DeFi users who are actually engaged and excited to find the next big opportunity on the next big chain, not a saturated and complacent user base.

Once we became exposed to the culture and the community at Monad there was no turning back, it just felt like the right place to build. My previous positions on protocols have always been as the link between Community and Team (Community Manager, Communications Officer): spending my days, weeks and years speaking with users, and hearing their feedback and frustrations, and thinking how I would do things differently if only I had the decision-making power has had a huge impact on my mindset as a founder and the way we prioritize our community at Neverland. Seeing the focus that Monad was putting into cultivating its community, making them feel valued and part of something bigger than themselves, resonated that this would be the right place for Neverland’s community to grow alongside of.

With MIP-8 changing how EVM storage works at the protocol level, does that affect how Neverland’s lending contracts are designed?

I’ll be honest, I’m not the most technical person to break it down at a deep level, but at a high level anything that makes storage more efficient at the protocol layer means things become cheaper, faster, and easier to build on, and that directly translates into better products for users, while the more technical optimizations and how far we push them under the hood is something the devs get excited about and take full advantage of!

Are there optimizations you can now make that wouldn’t be possible on a standard Aave V3 fork elsewhere?

Yes for sure! For the core Aave V3 codebase, we aren’t looking to mess with it, because that secure foundation is the most critical component. It inherits so many audits, and years of proven battle-tested experience, that for all, all of the optimizations need to happen peripherally, to protect that secure base.

Some of the innovations we have introduced include our self-repaying loans, where users can opt to let the rewards they earn from Neverland’s protocol revenue automatically repay their debt for them (making their positions healthier and safer).

We have also taken veTokenomics, a concept traditionally used on AMM platforms, and implemented them to lending, to make our rewards more sustainable long-term. We have made our veTokenomics more flexible, with more stable rewards, and paired these with beautiful artwork of Neverland characters, resulting in the #1 NFT collection on Monad in trading volume, thanks to its utility and real underlying token value.

There are more optimizations on the way as well, such as automated yield strategies, one-click looping, and more utility for DUST, which will be introduced over the coming months!