It was amazing meeting all of you in person, what a incredible community! Next time… let’s do it on mainnet!💜 @thiagobrunie @alcantarajr23 @0xRaffx @Tatisilvaerome @limaa_xyz @PreguicaGamble @mektrader_ @guto_hidalgo @monadicoo @caroollcah @a_aphrodiite @PloydReserve @dshi6

🟢 TXFLOW @TxFlow_L1 vs @HyperliquidX 👉 understanding the difference in thesis. I started studying and interacting with TxFlow recently, and along the way, I began seeing quite a few comparisons with Hyperliquid. So I decided to step back and understand what each project is actually trying to build, separating the underlying thesis from the rumors and comparisons around them. And after studying both, I can say that my enthusiasm and optimism for TxFlow remain strong. 🟢 If I had to summarize the two theses in one sentence, it would be something like this: 🟢 TxFlow: “Let’s build shared financial infrastructure where different markets can be built on top of it.” 🔵 Hyperliquid: “Let’s build extremely optimized infrastructure for on-chain trading.” For me, this is the most interesting difference. 🏗️ TxFlow is starting with shared financial infrastructure, where the DEX is just the first Channel, and different markets can build on the same foundation for execution, settlement and market data. And this becomes much more interesting when we look at what is already happening. 📈 TxFlow DEX was the first Channel, focused on on-chain trading through a CLOB. Then came Probly as the second Channel, built on TIP3, bringing prediction markets to the same L1. So this is no longer just a thesis on paper. We already have a DEX and a prediction market application showing how different types of financial markets can exist within the same broader infrastructure. And I think this is where TxFlow starts to become really interesting to me: The DEX may not be the final product. It may be the first demonstration of a much larger financial infrastructure. 🟢 That’s the part of TxFlow I’m most curious to watch unfold. 👀

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🟣 NEVERLAND 🌙 In a previous post, I talked about the bank: lending, DUST and veDUST. Now comes a different layer of Neverland: Tides, Pearls, Boosts and the draw. This isn’t where the protocol’s revenue comes from. It’s a layer built on top of usage. 🐚 Pearls If you supply, borrow, lock DUST or provide DUST LP, you’re already participating. Pearls are the score of the season. They aren’t a token, can’t be transferred, and don’t generate yield. They basically serve two purposes: ranking + weight in the draw. 🌙 Tides A Tide is a leaderboard season lasting roughly one month. When it ends, your Pearls reset to zero. What you earned in the previous Tide doesn’t carry over. Tide 9 ends with the next full moon, at the end of September. 📈 How Pearls are generated ✦ Supply → 0.02 Pearl / $1 ✦ Borrow → 0.05 Pearl / $1 ✦ veDUST → 0.25 Pearl / veDUST ✦ DUST LP → 0.25 Pearl / $1 The logic here is interesting: usage and governance are rewarded more than capital simply sitting idle. ✨ Boosts Then come the multipliers, which can reach 10x. Two of them stand out today: 🤝 Partner NFTs ✨ Shiny veDUST Current partner collections include 10k Squad, LilStars, Overnads and RealNads. Holding an NFT from a partner collection increases your Pearl generation. And there’s an interesting detail: one NFT per collection is enough. Holding two from the same collection doesn’t give you an additional boost. ✨ So, what exactly is a Shiny? The easiest way to think about it: You have a veDUST NFT, representing a DUST lock. A Shiny is a rare, animated version of that character. It isn’t a separate NFT. It’s a transformation of the character you already have. And it comes with a direct incentive: each Shiny in your wallet = +5% to all Pearls. But getting one isn’t guaranteed. Your first attempt has a 1% chance. Each failure increases the chance by +0.5%. One attempt per character per day. To try, you use items bought from Nadette’s Treasure Shop with DUST, and the DUST spent is burned. So Shiny becomes an interesting mix of: collectible + rarity + Pearl boost. 🏆 The Draw At the end of the Tide, 100 wallets are selected. But it’s not simply “the top 100 win.” Wallets are split into four tiers: 🥇 Rank 1–100 → 50 winners 🥈 Rank 101–200 → 25 🥉 Rank 201–300 → 15 🏅 Rank 301+ → 10 Inside each tier, the draw is weighted by Pearls. More Pearls = higher odds. So being #1 helps, but doesn’t guarantee the prize. 💎 And the prize? The 100 winners receive: a veDUST Diamond with 250 DUST locked. There’s an important distinction here. Diamond doesn’t simply mean “more DUST.” It’s a specific veDUST NFT class/rarity used for Neverland rewards and events. There are also other veDUST categories, including regular characters and the Legendary class, created for 10,000+ DUST locks. What matters most is the veDUST position represented by the NFT, not just how the character looks. For the Tide reward, the 250 DUST remains locked. So this isn’t 250 DUST sitting in your wallet ready to spend. It’s a veDUST position, giving you governance rights and a share of protocol revenue distributed in USDC. 🏅 Tide Winner The Tide Winner badge is basically a record. It shows that the wallet has won a previous Tide. It doesn’t increase your Pearls. It doesn’t give you a boost. It doesn’t improve your odds in the current season. It’s a trophy + history. 🧩 How I’m starting to see this layer Neverland makes more sense when you separate the pieces: Bank → generates revenue. Usage → generates Pearls. Pearls → increase your odds. Draw → can turn that participation into veDUST. 💡👇 Pearls aren’t yield. Shinies don’t emit DUST. And the prize isn’t immediate cash. It’s a mechanism designed to incentivize usage + liquidity + governance across the ecosystem. And this is probably the most interesting part to me: The Tide isn’t Neverland’s main product. It’s an incentive layer built on top of the bank. The bank creates the economics. The Tide turns participation into a chance.

🟢 @TxFlow_L1 is moving full steam ahead! 💨🏁

🏦 Forest Road Vault (@forestroadvault) is trying to bring real private credit to Ethereum. This isn’t an RWA that exists only on paper. 🔗 The idea is to take an existing off-chain credit operation and tokenize access to it on-chain. 👀 What’s on the radar: 💵 USDfr - a KYC-enabled “dollar” 📈 sUSDfr - a yield vault backed by the lending portfolio 🎯 Now: Season 1 points + whitelist ⏳ The vault isn’t open yet. The current phase is focused on community, quests, and whitelist access. 🚀 For those who want to get in early: whitelist.forestroadvault.co…

gMonadcard

🟢 TXFLOW “The proposal is to bring the trading experience of major exchanges on-chain.” To understand how @TxFlow_L1 aims to do this, we first need to understand one of the fundamental choices behind its architecture: CLOB vs AMM 🟢 AMM — The Model That Popularized DEXs AMM means Automated Market Maker. Instead of buyers and sellers placing orders in an order book, users trade against a liquidity pool. This model was fundamental to the growth of DeFi because it made it possible to create on-chain markets in a simple and permissionless way. But it also comes with some trade-offs, especially when it comes to professional trading and derivatives markets. 🟢 CLOB — The Model Used by Major Exchanges CLOB means Central Limit Order Book. Here, buyers and sellers place their own orders in an order book. Bids → buy orders Asks → sell orders Some important trading features are native to this model: Limit Orders Price-Time Priority Greater control over execution Price discovery through market orders This is the model we are used to seeing on major exchanges. 🟢 So, What’s the Difference? Simply put: AMM Trader → Liquidity Pool CLOB Trader → Order Book → Trader With an AMM, you trade against the liquidity available in the pool. With a CLOB, buyers and sellers place their own orders, and the system matches them. This doesn't mean one model is simply “better” than the other. They were designed around different needs. 🟢 Why Does This Matter for TxFlow? This is where things get interesting. TxFlow aims to build a Layer 1 specialized for financial markets. So instead of simply deploying a DEX on an existing blockchain, the proposal is to build the underlying infrastructure around financial market operations such as: Order → Matching → Position → Settlement 💡All happening on-chain. This brings the trading experience closer to major exchanges while maintaining important on-chain properties such as: 🔐 Self-custody 🔎 Transparency ⛓️ On-chain settlement ⚡ Verifiable execution 🟢 My Take Studying CLOB helped me understand something I consider fundamental to the TxFlow thesis. The interesting part isn't simply that TxFlow is building a DEX with an order book. It is building the underlying blockchain infrastructure with financial markets in mind from the beginning. And that changes the way I look at the project. Instead of: “A DEX built on a blockchain.” The vision becomes: “A blockchain built for financial markets to operate on-chain.” For me, that is what makes the CLOB choice so interesting. The goal is not simply to bring trading on-chain. It is to bring the efficiency and experience of professional markets together with the transparency and self-custody of blockchain infrastructure.

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I’m doing gmonad!

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Neverland - The Engine Behind DUST & veDUST 🔹 What pulled me into Neverland wasn’t a single feature. It was seeing how lending, $DUST, and $veDUST fit together into one economic system, where usage generates revenue, incentives shape behavior, and governance decides where that value flows. 🔹 At its core, @Neverland_Money is a lending and borrowing protocol on Monad. Users supply assets like $USDC, monad:native, and $ETH and earn yield. Others borrow those assets and pay interest. If a position loses health, it can be liquidated and that also generates revenue. 🏦 The bank logic is simple: more capital used → more borrowing → more interest → more revenue. DUST exists to turn that usage and that revenue into one system. ⚙️ DUST is not just a farm token. It’s the engine connecting emissions, governance, protocol cash flow, and user behavior. 💧 Liquid DUST This is the tradable token. Suppliers and borrowers earn DUST as an incentive, then choose to sell it, hold it, or lock it. The more incentives hit the market as liquid DUST and get sold, the heavier the sell pressure. 🔒 veDUST Locked DUST becomes veDUST. Lockers enter governance and can receive the share of revenue allocated to them. Voting power and yield scale with lock size and duration. Loose DUST in a wallet does not earn the dollar revenue. The engine really turns on at lock. 🔥 Burned DUST This supply is gone. It comes from penalties (liquid claims, early unlocks) and from governance-directed buybacks funded by protocol revenue. 🧩 So the design is: ✨ Emissions pull usage into the bank; 🔒 Locks turn incentives into alignment; 💵 Revenue comes from real activity; ♻️ Buybacks and burns send part of that value back into DUST and cut supply; 💰 Where does the value that supports this actually come from? From lending itself. Interest and fees create the cash flow. 100% of that revenue returns to the ecosystem. veDUST decides where it goes: • locker rewards • DUST LP incentives • buybacks and burns 🔗 The core relationship: real activity → revenue in USD → distribution / buybacks → effect on DUST Real revenue is not the same thing as token emissions. 🎯 Emissions are the bait: new DUST for people using the markets. Revenue is the actual dollar cash the bank produced. The protocol tries to convert that bait into locks, instead of letting all of it become sell pressure. 🔄 That’s why the loop runs both ways. More usage → more interest → more revenue → more value for lockers → less liquid DUST → less sell pressure. Less usage → less interest → less revenue → less reason to lock → more liquid DUST → more sell pressure. 📊 Looking only at DUST APR misses the plot. The chain that matters is: TVL → utilization → revenue → veDUST → incentives → DUST supply ♻️ Then there’s the Self-Repaying Loan. Position rewards can pay down debt automatically: the incentive becomes repayment, the debt shrinks, the position gets healthier. On that path, DUST doesn’t have to end on the sell book. It can return to lending. 🧠 None of this is a standalone feature. It’s the fit: - Lending creates revenue. - DUST creates the incentive. - veDUST governs. - Governance steers the cash. - Buybacks and burns move supply. - The incentive can even come back as debt repayment. 🔍 Reading the token alone, or TVL alone, isn’t enough. The protocol lives in the relationship between the pieces. This is the first cut. Next I want to open each part, not only how it works, but why it was designed this way.

🟩 TXFLOW The blockchain aiming to turn liquidity into financial infrastructure. The thesis, the technology, and everything I’m learning about the project. I discovered TxFlow a few weeks ago through my brother @ReisPizon. Since then, I’ve been following the project more closely, interacting with the community, and trying to understand what the team is actually building. One of the things I enjoy most in crypto is going beyond the surface: getting to know the community, studying the technology, understanding the vision, and trying to see where the real potential of a project lies. That’s exactly what I did with @TxFlow_L1. And the more I studied it, the more interesting I found the idea. So I decided to share, over the next few days, some of what I’ve learned and, most importantly, how I’m starting to see the TxFlow thesis. So, let’s get into it. There are hundreds of blockchains trying to solve problems around speed, cost, scalability, or liquidity. TxFlow is taking a different approach. 🟩 Instead of asking: “How can we put another financial application on a blockchain?” The proposal starts with the opposite question: “What would a blockchain look like if financial markets were its primary use case?” And that’s where I started to understand what makes TxFlow so interesting. TxFlow isn’t positioning itself simply as another Layer 1, nor just as another DEX. The idea is to build an on-chain infrastructure focused on finance, where different applications can share the same underlying liquidity, settlement, and market data infrastructure. The first product is the TxFlow DEX, built around a fully on-chain Central Limit Order Book (CLOB). But the vision goes beyond the DEX itself. 🟩 The idea is: one blockchain → shared financial infrastructure → multiple financial applications. And when I started looking at TxFlow from this perspective, the proposal began to make much more sense to me. 1. A BLOCKCHAIN DESIGNED FOR FINANCIAL MARKETS To understand TxFlow, I think it helps to first look at what we already know. On one side, we have major centralized exchanges, which stand out because of their trading experience: 🟢fast execution; 🟢order books; 🟢deep liquidity; 🟢low latency; 🟢different order types; 🟢professional trading tools. On the other side, we have DEXs, which brought some fundamental properties to on-chain finance: 🟢self-custody; 🟢transparency; 🟢verifiable execution; 🟢on-chain settlement; 🟢no need to hand custody of your funds to a centralized exchange. Each model has its strengths. 👉And TxFlow’s proposition is to bring these two experiences closer together. An infrastructure where interactions happen on-chain, preserving the transparency and self-custody properties of a blockchain, while aiming to provide a trading experience much closer to what we’re used to on major exchanges. And this is where I started to see the essence of TxFlow: 💡The idea isn’t to choose between the efficiency of traditional exchanges and the properties of on-chain finance. 💡It’s to build infrastructure capable of combining both. And, for me, that’s one of the most interesting parts of the proposal. On-chain trading, but with professional-grade speed, efficiency, and market experience. This is just the beginning. In the next post, I’ll dive into one of the parts that caught my attention the most: - the on-chain CLOB, and why TxFlow chose to build its own infrastructure for financial markets.