Just jumping in to point out that Neverland is already the single largest holder of shMON with over 21% of the total supply. Curvance has less than $500K shMON TVL today, about 1/4 of the supply on Neverland, so I’m not sure that it would be introducing many “for the first time”. Pretty much everyone on Monad is familiar with Neverland already, so I would not expect this to result in a huge increase in TVL or new user discovery (just to keep expectations realistic)!
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Currently Leverup is the best place for mon. Staked lvMON has a 38-43% apy ![]()
. I have staked over half 500k lvMON
This proposal seems to put a lot of risk (oracle, liquidation, and incentive spend) on Neverland in order to bootstrap utility for a very new token. I’d like to see stronger justification for why this benefits veDUST holders before supporting it.
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