Stables30% reserve factor
- Borrow APR
- 6.00%
- Supply APR
- 3.78%
Neverland ✦ Global pool
Competitive
Reserve Rates
Two curves for the global pool’s borrowable assets, with 30% reserve factors for stables and 50% for volatiles.
3.00–5.33%Stable borrow APRAt 45–80% utilization
6.50–8.44%Volatile borrow APRAt 45–80% utilization
30%Stable reserve factor3 borrowable assets
50%Volatile reserve factor6 borrowable assets
Risk Timelock schedule. Queued on . Clear for execution from .
Community rate report ✦ 3 Oct 2026 ✦ Rate illustrations assume constant utilization.
Rate Explorer
%
At the 90% kink
Volatiles50% reserve factor
- Borrow APR
- 9.00%
- Supply APR
- 4.05%
Borrow APR
StablesVolatiles
APR shows simple annualized interest. APY assumes per-second compounding over 365 days. Both assume constant utilization; supply rates include the reserve factor. Incentives, underlying token yield, stable debt and unbacked liquidity are excluded.
Rate Strategies
Stables
rateStrategyStableCompetitiveLowOptimal utilization90%
Reserve factor30%
Supplier share of interest70%
0x8E5Cf92853d3214C761bF239Af03caB24A071893Volatiles
rateStrategyVolatileCompetitiveHighOptimal utilization90%
Reserve factor50%
Supplier share of interest50%
0x1033fc07F53361975C0beF42349f8FD3F19acF1eThe reserve factor is the share of borrowing interest retained by the protocol.
| Borrow APR at utilization | Stables | Volatiles |
|---|---|---|
| 0% | 0.00% | 4.00% |
| 50% | 3.33% | 6.78% |
| 70% | 4.67% | 7.89% |
| 80% | 5.33% | 8.44% |
| 90% ✦ kink | 6.00% | 9.00% |
| 95% | 26.00% | 39.00% |
| 100% | 46.00% | 69.00% |
Calculation method
APR is the annualized rate returned by the contract. APY converts that rate using 31,536,000 compounding periods. Apply utilization and the supplier share to the supply rate before compounding.
APY = (1 + annualized rate ÷ 31,536,000)31,536,000 − 1
Contract parameters below are ray-scaled annualized rate inputs, not APY values.
| Input | Stables | Volatiles |
|---|---|---|
| Optimal utilization | 90% | 90% |
| Base rate | 0 | 40000000000000000000000000 |
| Slope 1 | 60000000000000000000000000 | 50000000000000000000000000 |
| Slope 2 | 400000000000000000000000000 | 600000000000000000000000000 |
Utilization Table
101 utilization points ✦ borrow and supply APR
| Utilization | Stables ✦ 30% reserve factor | Volatiles ✦ 50% reserve factor | ||
|---|---|---|---|---|
| Borrow APR | Supply APR | Borrow APR | Supply APR | |
| 0% | 0.00% | 0.00% | 4.00% | 0.00% |
| 1% | 0.07% | 0.00% | 4.06% | 0.02% |
| 2% | 0.13% | 0.00% | 4.11% | 0.04% |
| 3% | 0.20% | 0.00% | 4.17% | 0.06% |
| 4% | 0.27% | 0.01% | 4.22% | 0.08% |
| 5% | 0.33% | 0.01% | 4.28% | 0.11% |
| 6% | 0.40% | 0.02% | 4.33% | 0.13% |
| 7% | 0.47% | 0.02% | 4.39% | 0.15% |
| 8% | 0.53% | 0.03% | 4.44% | 0.18% |
| 9% | 0.60% | 0.04% | 4.50% | 0.20% |
| 10% | 0.67% | 0.05% | 4.56% | 0.23% |
| 11% | 0.73% | 0.06% | 4.61% | 0.25% |
| 12% | 0.80% | 0.07% | 4.67% | 0.28% |
| 13% | 0.87% | 0.08% | 4.72% | 0.31% |
| 14% | 0.93% | 0.09% | 4.78% | 0.33% |
| 15% | 1.00% | 0.11% | 4.83% | 0.36% |
| 16% | 1.07% | 0.12% | 4.89% | 0.39% |
| 17% | 1.13% | 0.13% | 4.94% | 0.42% |
| 18% | 1.20% | 0.15% | 5.00% | 0.45% |
| 19% | 1.27% | 0.17% | 5.06% | 0.48% |
| 20% | 1.33% | 0.19% | 5.11% | 0.51% |
| 21% | 1.40% | 0.21% | 5.17% | 0.54% |
| 22% | 1.47% | 0.23% | 5.22% | 0.57% |
| 23% | 1.53% | 0.25% | 5.28% | 0.61% |
| 24% | 1.60% | 0.27% | 5.33% | 0.64% |
| 25% | 1.67% | 0.29% | 5.39% | 0.67% |
| 26% | 1.73% | 0.32% | 5.44% | 0.71% |
| 27% | 1.80% | 0.34% | 5.50% | 0.74% |
| 28% | 1.87% | 0.37% | 5.56% | 0.78% |
| 29% | 1.93% | 0.39% | 5.61% | 0.81% |
| 30% | 2.00% | 0.42% | 5.67% | 0.85% |
| 31% | 2.07% | 0.45% | 5.72% | 0.89% |
| 32% | 2.13% | 0.48% | 5.78% | 0.92% |
| 33% | 2.20% | 0.51% | 5.83% | 0.96% |
| 34% | 2.27% | 0.54% | 5.89% | 1.00% |
| 35% | 2.33% | 0.57% | 5.94% | 1.04% |
| 36% | 2.40% | 0.60% | 6.00% | 1.08% |
| 37% | 2.47% | 0.64% | 6.06% | 1.12% |
| 38% | 2.53% | 0.67% | 6.11% | 1.16% |
| 39% | 2.60% | 0.71% | 6.17% | 1.20% |
| 40% | 2.67% | 0.75% | 6.22% | 1.24% |
| 41% | 2.73% | 0.78% | 6.28% | 1.29% |
| 42% | 2.80% | 0.82% | 6.33% | 1.33% |
| 43% | 2.87% | 0.86% | 6.39% | 1.37% |
| 44% | 2.93% | 0.90% | 6.44% | 1.42% |
| 45% | 3.00% | 0.95% | 6.50% | 1.46% |
| 46% | 3.07% | 0.99% | 6.56% | 1.51% |
| 47% | 3.13% | 1.03% | 6.61% | 1.55% |
| 48% | 3.20% | 1.08% | 6.67% | 1.60% |
| 49% | 3.27% | 1.12% | 6.72% | 1.65% |
| 50% | 3.33% | 1.17% | 6.78% | 1.69% |
| 51% | 3.40% | 1.21% | 6.83% | 1.74% |
| 52% | 3.47% | 1.26% | 6.89% | 1.79% |
| 53% | 3.53% | 1.31% | 6.94% | 1.84% |
| 54% | 3.60% | 1.36% | 7.00% | 1.89% |
| 55% | 3.67% | 1.41% | 7.06% | 1.94% |
| 56% | 3.73% | 1.46% | 7.11% | 1.99% |
| 57% | 3.80% | 1.52% | 7.17% | 2.04% |
| 58% | 3.87% | 1.57% | 7.22% | 2.09% |
| 59% | 3.93% | 1.62% | 7.28% | 2.15% |
| 60% | 4.00% | 1.68% | 7.33% | 2.20% |
| 61% | 4.07% | 1.74% | 7.39% | 2.25% |
| 62% | 4.13% | 1.79% | 7.44% | 2.31% |
| 63% | 4.20% | 1.85% | 7.50% | 2.36% |
| 64% | 4.27% | 1.91% | 7.56% | 2.42% |
| 65% | 4.33% | 1.97% | 7.61% | 2.47% |
| 66% | 4.40% | 2.03% | 7.67% | 2.53% |
| 67% | 4.47% | 2.09% | 7.72% | 2.59% |
| 68% | 4.53% | 2.16% | 7.78% | 2.64% |
| 69% | 4.60% | 2.22% | 7.83% | 2.70% |
| 70% | 4.67% | 2.29% | 7.89% | 2.76% |
| 71% | 4.73% | 2.35% | 7.94% | 2.82% |
| 72% | 4.80% | 2.42% | 8.00% | 2.88% |
| 73% | 4.87% | 2.49% | 8.06% | 2.94% |
| 74% | 4.93% | 2.56% | 8.11% | 3.00% |
| 75% | 5.00% | 2.63% | 8.17% | 3.06% |
| 76% | 5.07% | 2.70% | 8.22% | 3.12% |
| 77% | 5.13% | 2.77% | 8.28% | 3.19% |
| 78% | 5.20% | 2.84% | 8.33% | 3.25% |
| 79% | 5.27% | 2.91% | 8.39% | 3.31% |
| 80% | 5.33% | 2.99% | 8.44% | 3.38% |
| 81% | 5.40% | 3.06% | 8.50% | 3.44% |
| 82% | 5.47% | 3.14% | 8.56% | 3.51% |
| 83% | 5.53% | 3.21% | 8.61% | 3.57% |
| 84% | 5.60% | 3.29% | 8.67% | 3.64% |
| 85% | 5.67% | 3.37% | 8.72% | 3.71% |
| 86% | 5.73% | 3.45% | 8.78% | 3.77% |
| 87% | 5.80% | 3.53% | 8.83% | 3.84% |
| 88% | 5.87% | 3.61% | 8.89% | 3.91% |
| 89% | 5.93% | 3.70% | 8.94% | 3.98% |
| 90% Kink | 6.00% | 3.78% | 9.00% | 4.05% |
| 91% | 10.00% | 6.37% | 15.00% | 6.83% |
| 92% | 14.00% | 9.02% | 21.00% | 9.66% |
| 93% | 18.00% | 11.72% | 27.00% | 12.56% |
| 94% | 22.00% | 14.48% | 33.00% | 15.51% |
| 95% | 26.00% | 17.29% | 39.00% | 18.53% |
| 96% | 30.00% | 20.16% | 45.00% | 21.60% |
| 97% | 34.00% | 23.09% | 51.00% | 24.74% |
| 98% | 38.00% | 26.07% | 57.00% | 27.93% |
| 99% | 42.00% | 29.11% | 63.00% | 31.19% |
| 100% | 46.00% | 32.20% | 69.00% | 34.50% |
The highlighted row follows whole-percentage slider selections. The explorer accepts 0.1% steps.
Borrowable Assets
| Asset | Strategy group | Reserve factor |
|---|---|---|
| USDC | Stables | 30% |
| USDT0 | Stables | 30% |
| AUSD | Stables | 30% |
| WMON | Volatiles | 50% |
| WBTC | Volatiles | 50% |
| cbBTC | Volatiles | 50% |
| WETH | Volatiles | 50% |
| XAUt0 | Volatiles | 50% |
| hMON | Volatiles | 50% |
Schedule
| Milestone | UTC date and time | Meaning |
|---|---|---|
| Queued on Risk Timelock | 3 Oct 2026 ✦ 15:45:22 | Governance Safe scheduled the transaction. |
| Clear for execution from | 3 Oct 2026 ✦ 16:45:22 | The one-hour timelock delay ends. |
Execution through Governance Safe applies the strategies and reserve factors together. Scheduling and execution are separate transactions.
Transaction details
Operation ID
0x822b60ca6f8890f966db0e1919061094b7173edec33a4d91f9c80a8eaef99af9Schedule transaction mined in block 110,219,389. See source 4.
Sources
- Neverland, “Competitive Rate Posture for Monad Markets”, ECSV-02, 2026. Stable curve reference. [Link #1]
- Neverland, “Stable Competitive Low”, deployed contract, 3 Oct 2026. [Link #2]
- Neverland, “Volatile Competitive High”, deployed contract, 3 Oct 2026. [Link #3]
- Neverland, “Risk Timelock schedule transaction”, Monad block 110,219,389, 3 Oct 2026 at 15:45:22 UTC. [Link #4]
- Neverland, “Global pool competitive rates”, market configuration, 3 Oct 2026. Strategy parameters, borrowable assets and reserve factors.