Why Neverland is Different
Neverland is a fork project of Olympus, the most successful decentralized reserve currency protocol. The core value of Olympus is that it perfectly backs the intrisic value for its token, 1 DAI per OHM. It is due to the mathmatical logic behind its smart contracts.
Neverland inherited the core value of Olympus thus it can back the intrinsic value of the native token. Basically, Neverland only mints the native token, HOOK, based on the logically calculated value of the assets that is transferred to the treasury. This makes the backing logic for the intrinsic value perfectly matches to/above 1 KUSDT.
On the other hand, Neverland receives LP tokens for minting assets which makes superior point over other similar projects. LP tokens have more advantages in most cases over single token.
In case of stable LP, the value of the asset is same as single token but it can be used for farming on other yield farming project. This prevents the protocol to sell the native tokens for marketing and development budget.
With the same aspect of stable LP, Neverland will mint HOOK for 50% of the asset value when assets consist of major + stable token LP such as KETH - KUSDT deposited to the treasury.
It has 2 points to focus, better price resistence and higher APY. It can back the intrinsic value until the price of the major token drops 75%. Additionally, it can make Neverland provide higher APY than Olympus since it doesn't mint its native tokens on the deposit of assets with market volatility.
Due to its unique treasury assets and minting mechanism, Neverland will have 50% of excess reserve assets from the non-stable, non-HOOK LP assets. Thus, Neverland would use 3% of the treasury assets for marketing and development, and will potentially utilze the excess reserve for internal/external investment and return the profit to the treasury to make it back HOOK token in stronger way.