“Where does the yield come from?” Great question! This yield does not come from external boosts or temporary rewards. The yield for DUST LP incentives comes from Neverland’s protocol revenue. When users borrow assets, they pay interest, most of which goes directly to suppliers. A smaller portion of the interest is directed to the protocol as revenue. At Neverland, 100% of protocol revenue is directed by DUST lockers. This revenue can be directed to: - veDUST incentives (max 50%) - DUST buybacks and burns - DUST LP incentives With this in mind, this sustainable yield for providing liquidity will continue indefinitely.
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Neverland Explorer’s Log: Weekly Updates ✨ Operations - New milestone achieved: $2M in platform TVL - New all-time high for weekly revenue ($5,538 protocol revenue, $18,330 total weekly revenue) - Began strategic token buybacks and burns from protocol revenue: ~1,850 DUST burned ✨ Technical - Redesigned the revenue APR display on our app for improved visibility - Partnered with our friends at @chainlink to integrate their Oracle Price Feeds ✨ Mainnet Prep - Deployed fully audited contracts onto @monad private mainnet - Deployed Neverland subgraphs onto Monad mainnet - Launched the Neverland app frontend for Monad mainnet - Enrolled on projects directory for Monad GitHub - Set up Monad mainnet multisigs with @safe, ensuring our protocol operates securely from day one
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Take advantage of Neverland’s automated yield strategies and self-repaying loans, with @chainlinklabs as our primary Oracle for Price Feeds! DeFi on Monad will win.
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