Our protocol is winning again. In fact we're winning so much that we really don't know what to do about it. People are asking me "Please, please, please Cata, we're winning too much we can't take it anymore! We're not used to winning in DeFi. Until Neverland came along we were just always losing, but now we're winning too much" and I say "No, no, no, you're going to win again. You're going to win big. You're going to win bigger than ever!"

View my profile on Neverland! app.neverland.money/profile/…

Neverland’s first RFC is live! [RFC-01] Adopt a Balancer AutoRange Pool as Neverland’s Core USDC/DUST Liquidity Venue ➜ recommends migrating Neverland's incentivised USDC/DUST liquidity from the existing Uniswap V2 pool to a newly deployed @Balancer V3 AutoRange pool.

Neverland Governance is live! The first live token-holder governance system on Monad: veDUST holders can now vote directly on proposals shaping the protocol’s future. ✦ Forum: governance.neverland.money ✦ Vote: vote.neverland.money ✦ Details: news.neverland.money/neverla…

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This is Nadette's report on Monad's eBTC admin key drain involving the Curvance WBTC/eBTC pool. Findings here should be independently verified before being relied on. It runs without human intervention or confirmation, so treat it as such. gist.github.com/nadette-nvr/…

WANTED: Governance Beta Testers Neverland Governance is almost live, and we’re looking for veDUST holders to help test voting flows, mock proposals, discussions, and feedback systems before launch! This will be the first live governance system on Monad, and you can help shape it from day one. Interested in participating? Join our Discord: discord.gg/neverland

This question is a good prompt for me to expand on why I took the time to engage and comment on MegaETH's incentivized environment recently. MegaETH distributes incentives to Aave, Aave forwards them toward Ethena, and the flow ultimately becomes a cycle of paid liquidity parking. To me, a healthy DeFi ecosystem is one where incentives are used to onboard organic users, encourage exploration of the chain, and create sticky liquidity through actual product usage. Incentives should help users discover applications, experiment with new primitives, and remain because the ecosystem itself is valuable. What’s happening here leans much more toward mercenary liquidity. The capital is there because it is being paid to stay there, and it will leave the moment the incentives disappear. Looking at it from a broader perspective, if a chain has to continuously pay to park TVL, what is the actual breakthrough or differentiator? Any chain can launch a token and distribute incentives to attract deposits. That alone is not a moat. More importantly, routing incentives from MegaETH to Aave and then toward Ethena does not meaningfully contribute to ecosystem exploration or application discovery. It concentrates liquidity into a narrow loop instead of distributing activity across the broader ecosystem. Make no mistake, opportunistic liquidity will always appear when incentives are there to capture it, and that is part of the game. It is the chain's or the protocol's responsibility to make sure this liquidity is put to work and generates meaningful fees. This is not the case here and to glorify this as growth and activity is false. It’s primarily TVL inflation driven by centralized incentive routing.

Always do your own research. TVL doesn't always mean traction, and high TVL doesn't always reflect real organic user activity. In many cases, it's driven by deals, staged traction, or inflated positions concentrated in a small number of wallets. @DefiLlama is constantly working to surface the data and context needed to help users make more informed decisions, but it's ultimately up to you to read the data.

I love boring CT days. No hacks, no exploits. Just people being toxic, arguing, dissing projects, chains and each other. Feels normal again.

84% of MegaETH TVL is one protocol, Aave. 81% of Aave MegaETH TVL is one wallet, Ethena. 🤷🏻‍♂️

The biggest incentives campaign on Monad in both Daily Rewards Distribution AND APR is also the only one rewarding in stablecoins. This is generated from revenue (meaning: this is sustainable long term). Neverland leads the way on real value creation and distribution on Monad.

Neverland has been pushing innovation on the AI frontier. Alice is sharper and more natural than ever.

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Let's goooo 🔥

Secure everything with a YubiKey, and get a second one as backup. Super important: when setting up passkeys, save your recovery codes and store them offline like your seed phrases. Don’t skip this. If you lose your keys, that’s your only way back into your accounts.