Leaderboard

The Neverland Leaderboard is an incentive system that rewards productive protocol participation over time. Participation is automatic for all users interacting with the protocol. There is no opt-in, entry fee, or guaranteed payout.

Rewards are distributed probabilistically at the end of each cycle, weighted by participation.

Tides

Leaderboard cycles are called Tides. Each Tide begins on a full moon and ends at the next full moon. Tides run on an approximately monthly cadence. Pearl balances reset at the start of each Tide. Pearls only accrue during the active Tide.

Pearls

Pearls are a non-transferable accounting unit derived from on-chain activity. They are not tokens and do not represent ownership or guaranteed rewards.

Pearls are used to rank users within a Tide, and for weight probability during reward selection. They have no standalone value outside of the leaderboard system.

Pearl Accrual

Pearls accrue daily based on protocol usage:

Supplying assets

Borrowing assets

veDUST power

DUST LP

0.02 Pearls per $1 supplied / day

0.05 Pearls per $1 borrowed / day

0.25 Pearls per 1 veDUST power / day

0.25 Pearls per $1 LP value in range / day

Example: If you supply $1,000 for a full day: 0.02 × 1,000 × 1 day = 20 Pearls

Accrual resets when the Tide ends.

Pearl Settlement Timing

Pearls are not updated instantly per transaction.

User actions on the lending system, veDUST, and liquidity pools settle different components of Pearl accrual. The Leaderboard Keeper also periodically settles all positions (typically once per day), ensuring fair point accrual even when users are not actively interacting with Neverland.

Displayed Pearl balances reflect the latest settlement All elapsed time is captured No Pearls are lost between settlements

Settlement timing affects display, not accrual.

Multipliers

All bonuses are additive and then capped at a 10x total multiplier. If additional multipliers or partnerships are introduced in the future, they will stack additively and remain subject to the same 10x total cap.

Total Multiplier =
min(
  1x (Base)
  + NFT Boost
  + veDUST Boost (not currently present)
  + Testnet Bonus,
  10x
)

NFT Partnership Boosts

Active Partnerships

Some users receive Pearl multipliers applied to accrual. Testnet participants will receive a multiplier during the first Tide, and our Partner NFT holders receive an ongoing multiplier while the NFT is held. Multipliers apply automatically and may change over time.

Current partnership boosts include: The 10k Squad, Fluffle, Overnads

Project	Collection Address	Boost Structure
The 10k Squad	0x818030837e8350ba63e64d7dc01a547fa73c8279	Flat 20%
Fluffle World	0x8255DACD8A45f4aBE6dc821E6f7F3c92a8E22fBB	10% → 9% → 8.1%
Overnads	0xFb5BA4061f5c50b1DAA6C067Bb2dFB0A8EbF6a8D	10% → 9% → 8.1%

Rules

A Multiplier applies as long as the NFT is held Boosts apply to all Pearl sources (Supply, Borrow, veDUST, LP) Buys, sales, or transfers of the NFT update your multiplier at the next settlement Holding more than one NFT from the same collection provides no additional benefit

This ensures fair distribution while preventing multiplier inflation through NFT concentration.

LP Position Requirements

Eligible Pool

• Pair: AUSD / DUST

• Fee Tier: 1%

• Pool Address: 0xd15965968fe8bf2babbe39b2fc5de1ab6749141f

In-Range Requirement

LP Pearls accrue only while your position is in-range.

• Out of range → accrual pauses

• Back in range → accrual resumes

• Only in-range time counts

Rate

0.25 Pearls per $1 per day (in-range only)

Example: $5,000 LP in-range for 12 hours (0.5 day) = 0.25 × 5,000 × 0.5 = 625 Pearls

Reward Selection Mechanics

At the end of each Tide, 100 winners are selected using a bucketed, weighted random process.

For each rank bracket, winners are selected by running a weighted random draw once per winner slot. If a bracket has Y winners, the process runs Y draws, and each selected wallet is removed from the bracket before the next draw. In each draw, a user’s probability is proportional to their Pearls relative to the total Pearls remaining in that bracket, meaning probabilities apply per draw and higher Pearl balances increase expected outcomes without guaranteeing selection.

Bracket Distribution:

1–100

101–200

201–300

301+

50 winners

25 winners

15 winners

10 winners

Only users with non-zero Pearls are eligible. Within each bracket, selection is random and weighted by Pearl balance. Higher participation increases odds but does not guarantee selection.

Selection Method

Weighted random per bracket Probability per draw:

Your Pearls ÷ Total Bracket Pearls

Example (Ranks 101–200)

Your Pearls: 5,000 Bracket Total: 100,000

Chance per draw ≈ 5%
Expected wins ≈ 1.25

Blacklist & Eligibility

Governance can blacklist addresses Blacklisted wallets do not appear on leaderboards Blacklisting is reversible Status is verifiable via LeaderboardConfig

Point Precision & Display

UI shows human-readable values (e.g. 1,234.5) Internally stored with 18 decimal precision

Example:

1,234 Pearls
= 1234567890123456789012 (raw)

This prevents rounding drift and preserves exactness.

Verification & Smart Contracts

Nothing here is abstract, discretionary, or opaque. Everything ties back to on-chain data.

Core Contracts

EpochManager handles all epoch lifecycle management, scheduling start and end times for each Tide. LeaderboardConfig manages Pearl accrual rates (deposit, borrow, veDUST, LP), LP pool eligibility, blacklist, and manual point adjustments. VotingPowerMultiplier defines veDUST tier multipliers based on voting power thresholds (currently unused). NFTPartnershipRegistry stores NFT partnership configurations and their boost multipliers. LeaderboardKeeper settles users on-demand, syncing their voting power, NFT holdings, and LP positions, ensuring points accrue fairly for everyone, even when they're not actively interacting with Neverland.

How to Verify

Pearl accrual derives from on-chain events Rate changes emit events with timestamps Position balances match lending pool state Multiplier changes are logged (NFT, veDUST)

Contract	Address
EpochManager	0xdA27A7745CBE958B0d00268cf63394A0d09c0216
LeaderboardConfig	0xDff18C7a928544449eF2Bb84c609f95427d7fcc8
LeaderboardKeeper	0x550eAaD1Ddc5Fd13Bc9818D99f985E7367D5D2B9
NFTPartnershipRegistry	0xAB71Ce6910F255CC61fAf78EBd69A2B3dbC26Cd9
VotingPowerMultiplier	0x9b203C61d03e64550BFbC17EF56438D1a67D80b7

Indexer

Processes raw on-chain events Public source code Anyone can re-run it Leaderboard output matches chain state exactly

The leaderboard indexer is publicly accessible under the Neverland GitHub organization here.

Documentation is provided to allow anyone to run the indexer locally and independently validate leaderboard data against on-chain events.

What’s Not Included

Currently disabled (may activate in future Tides):

veDUST holding tier multipliers Daily activity bonuses Referral bonuses Streak bonuses

Fair Play & Anti-Gaming

Sybil Resistance

Multiple wallets allowed Rewards are probabilistic NFT and testnet bonuses are wallet-bound

Splitting activity across multiple wallets does not increase overall winning odds, as it simply divides your Pearls and therefore splits your probability of selection.

Flash Loan Protection

Time-weighted accrual Same-block borrow/repay earns negligible Pearls Sustained positions matter

Design Intent

Higher Pearls improve odds No rank guarantees rewards Built for healthy usage habits

Important Notes

Rewards are not guaranteed. Results are not retroactive. Ranking does not entitle users to rewards. Outcomes vary by Tide. The system is fair in process, not in individual outcomes.

Pearls are calculated mechanically from your on-chain behavior using published rates. Rewards are random but weighted. There are no discretionary levers, no off-chain favoritism, and no invisible boosts.