We’ve successfully completed an audit with Sherlock covering our implementation of the Aave V3.02 rounding issue patch.
Keeping Neverland secure is an ongoing process, and we’ll continue proactively integrating upstream security improvements and validating them through independent audits.
Users may once again supply and borrow WBTC to earn interest and rewards. Thank you for your patience!
Neverland now supports PT-AUSD by Pendle. Users can supply and borrow with maximum efficiency in a new isolated pool.
✦ Max LTV: 91.5%
✦ Liq. Threshold: 93.5%
✦ Liq. Bonus: 2.5%
Take your yield further by visiting our new Isolated Markets page today!
[NGV-04] Launch an Isolated AUSD / PT-AUSD (Pendle) Lending Market has successfully passed, with 100% of votes in favor.
Beginning today, Shiny veDUST NFTs now receive a stackable 5% bonus multiplier boost on the Neverland leaderboard! Unlike our other leaderboard boosts, which are applied per-collection, this boost is applied per-NFT, meaning that users who hold multiple Shiny NFTs will receive additional boosts.
✨ 1 Shiny NFT =05% boost
✨ 2 Shiny NFTs = 10% boost
✨ 3 Shiny NFTs = 15% boost
etc.
Unlock your Shiny NFT by visiting Nadette’s Treasure Shop from your Neverland Profile and start earning more Pearls today!
This proposal seeks to launch a new, dedicated isolated lending market on Neverland for AUSD and Pendle Principal Tokens redeemable in AUSD (PT-AUSD) on Monad. The market is a second, fully self-contained lending pool deployment with its own provider, pool, oracle, and risk surface, entirely separate from Neverland's canonical pool.
In this market, AUSD is the only borrowable asset, and each approved PT-AUSD maturity is listed as collateral only, with borrowing and flash loans disabled. PT-AUSD is priced through a Neverland-owned deterministic discount oracle that converges to par at maturity and never depends on a Pendle AMM, TWAP, or PT liquidity. The design lets holders of fixed-yield PT-AUSD borrow AUSD against their position (the classic Pendle "PT looping" strategy), which drives AUSD borrow demand and feeds the veDUST flywheel.
This NGV is forward-looking and gated: it activates only when Pendle deploys AUSD Principal Tokens on Monad, and after the oracle and risk parameters have been deployed, reviewed, and signed off. Because the pool is isolated and holds only AUSD and its PT maturities, it runs at high-efficiency parameters directly and needs no separate E-Mode: the pool itself plays the role a dedicated E-Mode would in a mixed pool, and a user participates simply by supplying to it.
[NGV-04] Launch an Isolated AUSD / PT-AUSD (Pendle) Lending Market
✦ User Profiles are now live, giving every Lost Boy a place to showcase their veDUST collection, badges, achievements, titles, themes, and more.
✦ Nadette’s Treasure Shop has opened its doors, allowing you to collect profile cosmetics, send gifts to friends, build wishlists, and discover all manner of curious magical items.
✦ Introducing ✨ Shiny veDUST NFTs!✨ Rare character variations featuring unique coloring, and the first animated NFTs on Monad.
Whether you’re customizing your profile, hunting for Shinies, completing your collection, or surprising another Lost Boy with a gift, there’s now more ways than ever to make your mark on Neverland.
Learn more: https://news.neverland.money/welcome-to-a-more-magical-neverland-e1b4cfd9f3de
Read the Docs: https://docs.neverland.money/profiles-and-shop
View your profile: https://app.neverland.money/profile
Drake brings the Best of Centralized Exchanges Onchain. Drake is a fully on-chain perpetual exchange launching on Monad, built by a team with nearly a decade of experience in high-frequency trading, market making, and arbitrage. Drake delivers the seamless performance traders expect from centralized platforms combined with the transparency and composability of DeFi.
100 winners will receive access to Drake’s Mainnet Private Beta! Every beta participant will also earn a 20% point boost + referral boost during this period. If users hit a certain volume threshold, they will retain those boosts permanently until TGE!
That’s it! Winners will be randomly selected on 8 June 02:00 UTC. May the odds be ever in your favor, Lost Boys and Mermaids!
$71K in USDC will be distributed to DUST lockers and DUST liquidity providers again this week, and early migrators to our new Balancer AutoRange pool are enjoying an especially high APR!
[NGV-01] Adopt a Balancer AutoRange Pool as Neverland's Core USDC/DUST Liquidity Venue has passed with 84.79% of votes in favor.
✦ 80% of the upcoming epoch’s LP rewards will be distributed to liquidity providers in the new Balancer AutoRange pool
✦ 20% of the weekly rewards will remain on the Uniswap V2 pool while users migrate their positions
With the return of the Full Moon, the fifth Tide of our Leaderboard has now completed! Pearl accumulation has been reset and Tide Six will begin shortly.
Congratulations to our winners! Your reward will be sent to you automatically. You do not need to create a ticket or complete any transaction.
Tide Six will come to an end when the full moon returns!
This proposal recommends migrating Neverland's incentivised USDC/DUST liquidity from the existing Uniswap V2 pool to a newly deployed Balancer V3 AutoRange pool on Monad. Today, the Uniswap V2 pool creates headline liquidity, but much of that capital is not useful at the prices where DUST actually trades. The AutoRange pool is a fungible concentrated liquidity AMM that automatically recenters its price range over time without any user action, giving Neverland the capital efficiency of concentrated liquidity without the operational and game-theoretic problems that have undermined previous concentrated liquidity attempts.
The expected outcome is meaningfully deeper effective liquidity at the trading price, materially lower slippage on routine trades, more productive LP incentives and fees per dollar spent, and a more resilient DUST price chart through the recurring epoch sell pressure cycle.
If this vote passes, the migration will begin on June 4, 2026 at epoch reset. nUSDC LP incentives, currently distributed via Merkl on V2 LP positions, will be redirected to holders of the AutoRange pool's BPT. For the first week post-migration, LP rewards will be split 80% to the Balancer AutoRange pool and 20% to the Uniswap V2 pool to allow for a smooth transition. After the first week, the team will have the discretion to direct 100% of LP rewards to the Balancer pool. The initial pool parameters, suggested by the Balancer team, are a price ratio of 4.0, a centeredness margin of 5%, and a daily price shift exponent of 2%.
[NGV-01] Adopt a Balancer AutoRange Pool as Neverland's Core USDC/DUST Liquidity Venue
100% of protocol revenue is returned to our ecosystem in USDC:
✦ DUST locking rewards
✦ DUST buybacks & burns
✦ DUST LP Incentives
This proposal recommends migrating Neverland's incentivised USDC/DUST liquidity from the existing Uniswap V2 pool to a newly deployed Balancer V3 AutoRange pool on Monad. Today, the Uniswap V2 pool creates headline liquidity, but much of that capital is not useful at the prices where DUST actually trades. The AutoRange pool is a fungible concentrated liquidity AMM that automatically recenters its price range over time without any user action, giving Neverland the capital efficiency of concentrated liquidity without the operational and game-theoretic problems that have undermined previous concentrated liquidity attempts.
The expected outcome is meaningfully deeper effective liquidity at the trading price, materially lower slippage on routine trades, more productive LP incentives and fees per dollar spent, and a more resilient DUST price chart through the recurring epoch sell pressure cycle.
[RFC-01] Adopt a Balancer AutoRange Pool as Neverland's Core USDC/DUST Liquidity Venue
Share your ideas. Cast your votes. Let your voice be heard. Take part in shaping the future of Neverland.
Read more in our docs: https://docs.neverland.money/governance
The first live token-holder governance on Monad: veDUST holders can now vote directly on proposals shaping the protocol’s future.
✦ Forum: https://governance.neverland.money
✦ Vote: https://vote.neverland.money
✦ Details: https://news.neverland.money/neverland-governance-is-live-4e2034d20067
