# Rewards Program

{% hint style="danger" %}
The configured reward incentives will be visible to users immediately after setup. Because these incentives can influence trading behavior and price formation within the market, carefully review all details before publishing.
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Curators can add a **Reward Proxy** to enable users to claim rewards based on their **LP token** holdings.

### Using the Curator App

Follow the steps below to add a **Reward Proxy to** a market:

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### Step 1: Preparation

* Access the **Curator Dashboard**.
* If your account is not verified, complete verification under **Verify Your Account**.
* If you haven’t created a market yet, follow the steps in **Create Market**.
  {% endstep %}

{% step %}

### **Step 2: Confirm a Reward Proxy Support**

Use the checklist below to quickly figure out Rewards Proxy support.

| Distribution style    | Underlying token | Support         | What to do                                                                                                       |
| --------------------- | ---------------- | --------------- | ---------------------------------------------------------------------------------------------------------------- |
| **Linearly streamed** | **Non-rebasing** | ✅ Supported     | Use a custom reward proxy (e.g., Morpho, Covex)                                                                  |
| **Linearly streamed** | **Rebasing**     | ❌ Not supported | —                                                                                                                |
| **Airdrop-style**     | **Non-rebasing** | ⚠️ Indirect     | Rewards accrue to the treasury and are then redistributed by the Napier DAO via Merkle campaigns (Pendle-style). |
| **Airdrop-style**     | **Rebasing**     | ⚠️ Indirect     | Rewards accrue to the treasury and are then redistributed by the Napier DAO via Merkle campaigns (Pendle-style). |
| {% endstep %}         |                  |                 |                                                                                                                  |

{% step %}

### **Step 3: Add a Reward Proxy**

<div align="left" data-with-frame="true"><figure><img src="https://4277771176-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FGPkrMXT982thgzhBdzF8%2Fuploads%2FJ0mFV2TZhocKJezf46Ub%2FScreenshot%202025-10-14%20at%203.08.58%20PM.png?alt=media&#x26;token=0a47100f-33af-4c91-817d-217f891272dd" alt="" width="563"><figcaption></figcaption></figure></div>

#### Select a Provider

* Choose based on the reward distribution mechanism.

| Types                          |          |
| ------------------------------ | -------- |
| **Morpho**                     | `Morpho` |
| **Euler, Aave, Compound Blue** | `Merkl`  |
| **Convex**                     | `Convex` |

#### Add a reward token address(es)

* Click **Reward Program**
* Paste **ERC-20** reward token address (es)
  * If Merkl distributes COMP: `COMP: 0xc00e94Cb662C3520282E6f5717214004A7f26888`
  * If Euler distributes EUL via Merkl: `EUL: 0xd9fcd98c322942075a5c3860693e9f4f03aae07b`
* Add multiple tokens if the protocol pays more than one (e.g., AAVE / COMP / EUL).

#### Save a configuration

* Click **Save** to finalize.

{% hint style="info" %}
The Rewards Proxy automatically distributes rewards to YT, allowing YT holders to claim them just like yield. However, if rewards are paid to the underlying in an airdrop-style distribution, the curator claims them first and they accrue to the treasury. The Napier DAO will then redistribute those rewards later via a Merkle campaign.
{% endhint %}
{% endstep %}
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