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.
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:
1
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.
2
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).
3
Step 3: Add a Reward Proxy
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.
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.
