Frequently Asked Question (FAQ)
Napier: Frequently Asked Questions
Last updated
Napier: Frequently Asked Questions
Last updated
Napier Finance is a decentralized, noncustodial suite of decentralized financial protocols implemented for the Ethereum Virtual Machine. A prime example is Napier Finance version 2.
: A liquidity hub for yield trading leveraged by Curve AMM.
: A modular yield tokenization protocol.
is a modular yield tokenization protocol enabling users to fix, trade yield and build without limits on the Ethereum Virtual Machine. The protocol is implemented as immutable smart contracts, designed to function as a trustless base layer for users and applications.
Napier v2 is licensed under GPLv3 which you can find . Once deployed, Napier will function in perpetuity, provided the existence of the Ethereum blockchain.
Napier Points are reward points granted based on user activities within the Napier v2 protocol (such as holding positions, curation, yield trading, and other DeFi operations like lending).
To learn more about how this works, please refer to the page.
Napier v2 was launched following a rigorous code audit process. Moreover, security was prioritized at every stage of its development. For more details about our commitment to security, please see the page.
Napier v2 allows anyone to create a market through a permissionless process. However, the Napier Interface distinguishes and displays markets based on the creator's (curator's) verification status and management method. By default, unverified creators' markets do not appear. This enables you to choose trusted curators or select immutable markets for full transparency.
Through the Trade (app.napier.finance/trade) page, after selecting your preferred asset and maturity date, you can mint a PT and YT.
If you would like to learn more about PT or YT, please refer to the Yield Tokenization page.
Through the Trade (app.napier.finance/trade) page, after selecting your preferred asset and maturity date, you can review estimated trading data—such as price and APY—before executing PT and YT trades.
Similarly, through the Pool page (app.napier.finance/pool), after selecting your preferred asset and maturity date, you can review estimated data like APY before providing liquidity.
Almost all yield-bearing assets can be used for market creations.
However, when using non-ERC4626 assets as underlying assets, a component called a Resolver must be registered. In most cases, Napier Labs has already pre-registered the necessary Resolvers, so typically, no additional input is required.
Similarly, through the Curator Dashboard page (app.napier.finance/curate), anyone can create a market on Napier v2 permissionlessly. However, please note that the Napier Interface only displays markets created by verified curators by default.
You can check the page. If you're looking for the API related to this data, please refer to the .
To learn more about how this process works, please refer to the page.
If you would like to learn more about PT or YT, please refer to the page. Should you encounter any unfamiliar terms or data within the estimates, you can consult the or page.
Should you encounter any unfamiliar terms or data within the estimates, you can consult the or page.
Using the curator interface (app.napier.finance/curate), you can freely create new markets by configuring and entering the necessary information. For more details, please refer to the page.
You can refer to the guide. If you are still unsure how to set fees, we recommend a 3% Performance Fee (Before Maturity) and a 10% Performance Fee (After Maturity).
Anyone can become a curator on Napier v2 permissionlessly. However, please note that the Napier Interface, by default, only displays markets created by verified curators. To ensure users can discover your markets, you must complete the verification process via the curator dashboard. Detailed information about this process is available on page.
You can claim curator fees through the Curator Dashboard page (app.napier.finance/curate). For more details, please refer to the page.
For Napier Point integration, please refer to page.
The is a work in progress. If you're in a hurry, please contact our team on Discord.