# Minting

## What is Minting? <a href="#what-is-bonding" id="what-is-bonding"></a>

&#x20;**Minting is the secondary value accrual strategy of Neverland.** It allows **Neverland** to acquire its own liquidity and other reserve assets such as KUSDT-KDAI by selling **HOOK** at a discount in exchange for these assets. The protocol quotes the minter with terms such as the mint price, the amount of **HOOK** tokens entitled to the minter, and the vesting term. The minter can claim some of the rewards (**HOOK** tokens) as they vest, and at the end of the vesting term, the full amount will be claimable.

&#x20;**Minting is an active, short-term strategy.** The price discovery mechanism of the secondary mint market renders mint discounts more or less unpredictable. Therefore minting is considered a more active investment strategy that has to be monitored constantly in order to be more profitable as compared to staking.

&#x20;**Minting allows Neverland to accumulate its own liquidity.** We call our own liquidity POL. More POL ensures there is always locked exit liquidity in our trading pools to facilitate market operations and protect token holders. Since **Neverland** becomes its own market, on top of additional certainty for **HOOK** investors, the protocol accrues more and more revenue from LP rewards bolstering our treasury.