Napier Overview

Introduction

Napier is a decentralized yield protocol to which many organizations and individuals contribute across development and adoption. Because of that, this documentation covers several areas of “Napier,” and it’s useful to clearly separate each one.

• The Napier Protocol: A decentralized, noncustodial yield protocol implemented for the Ethereum Virtual Machine.

• The Napier Interfaces: Multiple web interfaces allowing easy interaction with the Napier protocol. Those interfaces are ways to interact with the Napier protocol.

• Napier Governance: A governance system for governing the Napier Protocol, enabled by the NPR token.

• Napier Foundation: A Panama-registered association that regroups the main contributors like Napier Labs to promote the development and the decentralization of the Napier Protocol. The Napier Foundation hosts the Napier Interface.

Napier

Napier is a yield module layer that allows the creation of flexible and efficient onchain yield products in a permissionless way.

The protocol comes with EVM smart contracts which facilitate interactions and integrations.

Overview

Napier is a decentralized protocol that tokenizes yield-bearing crypto assets on the Ethereum Virtual Machine (EVM), enabling fixed and variable (floating) yield, swapping between them, and composable strategies. The protocol is implemented as immutable smart contracts and is designed to serve as a trustless base layer for passive investors, traders and liquidity providers and applications.

Napeir is licensed under a dual GPLv3 license which you can find here. Once deployed, Napier operates permanently for as long as the underlying blockchain exists.

Key Concepts

Onchain yield infrastructure in Napier involves:

• Tokenize yield: Split a yield-bearing asset into PT (principal) and YT (yield).

• Pricing: Market-set interest for a given maturity.

• Open curation: Anyone can create and own yield products without permission.

• Own and Control: Third parties can build on Napier with retaining full control.

• Selective trust: Choose trusted actors or immutable, trustless code.

• Non-custodial: You always own your assets.